{"id":90422,"date":"2025-01-15T00:15:47","date_gmt":"2025-01-15T05:15:47","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=90422"},"modified":"2025-01-14T19:57:46","modified_gmt":"2025-01-15T00:57:46","slug":"sec-sues-elon-musk-alleging-failure-to-properly-disclose-twitter-ownership","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2025\/sec-sues-elon-musk-alleging-failure-to-properly-disclose-twitter-ownership.html","title":{"rendered":"SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership"},"content":{"rendered":"\n<p>(CNBC) The SEC filed a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/fm.cnbc.com\/applications\/cnbc.com\/resources\/editorialfiles\/2025\/01\/14\/MUSK_SEC_COMPLAINT.pdf\" target=\"_blank\">lawsuit<\/a>\u00a0against\u00a0<a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk<\/a>\u00a0on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at \u201cartificially low prices.\u201d Prior to the acquisition, he\u2019d built up a position in the company of greater than 5%, which would\u2019ve required disclosing his holdings to the public within 10 calendar days of reaching that threshold.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/01\/14\/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The SEC filed a\u00a0lawsuit\u00a0against\u00a0Elon Musk\u00a0on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at \u201cartificially low prices.\u201d Prior [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90422","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=90422"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90422\/revisions"}],"predecessor-version":[{"id":90423,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/90422\/revisions\/90423"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=90422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=90422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=90422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}