Elon Musk faces new SEC lawsuit over alleged misdeeds with Twitter purchase

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The SEC said Tuesday that it sued Elon Musk over filing requirements related to his 2022 purchase of Twitter shares.

Tesla Inc. Chief Executive and X owner Elon Musk has found himself in the regulatory crosshairs once again.

The Securities and Exchange Commission has sued Musk, alleging that he didn’t comply with requirements to notify the agency about his swelling Twitter stake in 2022 — before he went on to purchase more shares and ultimately the company.