Tag Archives: S.E.C.

The Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing him of failing to properly disclose his acquisition of Twitter stock in 2022. The regulator alleges the lapse allowed Musk to purchase shares at “artificially low prices,” resulting in a $150 million shortfall for investors …

by Robert Faturechi, Propublica This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. After Sen. Richard Burr of North Carolina dumped more than $1.6 million in stocks in February …