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Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices

Summary

The SEC has sued Elon Musk for allegedly failing to disclose his Twitter stake in a timely manner, allowing him to buy shares at artificially low prices and underpay investors by over $150 million.

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Article published on January 15, 2025 by benzinga