SEC Sues Elon Musk For Buying ‘Artificially Low’-Priced Twitter Stock. His Critics Agreed He Overpaid
President Biden’s Securities and Exchange Commission (SEC) announced Tuesday that it will take action against Elon Musk for allegedly underpaying him for his Twitter stock. Mr. Musk’s critics gloat that his acquisition was a gross overpayment. The SEC enforcement action accuses Musk of violating beneficial ownership reporting requirements when he purchased $500 million worth of […]
