Close Menu
  • Home
  • Politics
  • Crime
  • Education
  • Metro
  • Entertainment
  • International
  • Sports
  • Health
What's Hot

Bill To Create Ikwuano North, Ikwuano South LGAs In Abia State Passes First Reading

October 31, 2025

Tinubu Orders Removal Of Maryam Sanda, Others, From Pardon (+ full list)

October 29, 2025

US Revokes Wole Soyinka’s Visa

October 28, 2025
Facebook X (Twitter) Instagram
Trending
  • Bill To Create Ikwuano North, Ikwuano South LGAs In Abia State Passes First Reading
  • Tinubu Orders Removal Of Maryam Sanda, Others, From Pardon (+ full list)
  • US Revokes Wole Soyinka’s Visa
  • COUP SCARE: Soldiers Reportedly Raids Former Minister’s House, Arrest Brother
  • Court Grants Sowore, Ejimakor, Kanu’s Brother Bail
  • Ogah Felicitates DIG Azubuko Udah On His Birthday
  • Abia APC Renaissance Group Alleges Labour Party Members Protest Against Deputy Speaker
  • Abia Diaspora in North America Holds Cultural Day, Leadership Summit, National Election in Tennessee
Facebook X (Twitter) YouTube
Candid ReportersCandid Reporters
  • Home
  • Politics
  • Crime
  • Education
  • Metro
  • Entertainment
  • International
  • Sports
  • Health
Candid ReportersCandid Reporters
Home»Politics»US Securities and Exchange Commission Sues Elon Musk
Politics

US Securities and Exchange Commission Sues Elon Musk

Candid ReportersBy Candid ReportersJanuary 15, 2025No Comments1 Min Read
Share
Facebook Twitter LinkedIn Email Telegram WhatsApp Copy Link

Billionaire businessman Elon Musk
has been sued by the U.S Securities and Exchange Commission over issues related to enforcement actions about his purchase of social media platform X in 2022.

According to the New York Times, the SEC is arguing that Mr Musk violated securities laws in his $44 billion acquisition of the company.

He is accused of amassing a large stock position in the social media company without filing the proper notification.

The commission said Mr Musk failed to file the required disclosure with the SEC until after 11 days had passed, the Times reported, which allowed him to buy Twitter stock at artificially low prices, the lawsuit said.

The move “allowed him to underpay by at least $150 million” for the additional shares before he belatedly disclosed his stake, the lawsuit continued.

By regulations, investors are required to file their dealings in the marketplace so that their activities and potential takeover bids can be monitored.

READ MORE:  Abia House of Assembly Expresses Confidence in Governor Otti’s Administration, Challenges NLC to Provide Evidence of Alleged Bill to Tamper With LG Funds

Do you have an information or event for candid reporters to publish or cover? Kindly Call us on 09132987510 or send us message on Whatsapp number 07034623382 or send us an email candidreporters247.com

Disclaimer: Candid Reporters publishes news, information, sports, opinions, and Interviews. The site includes both reported and edited content. Unmoderated posts and Comments expressed here do not reflect the opinions of Candid Reporters or any employee thereof..
ELON MUSK US
Share. Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
Previous ArticleGov. Otti Swears in Edo State-born Benson Ojeikere As Abia State Head Of Service
Next Article Nigeria’s Inflation Rate Hits 34.08%
Candid Reporters
  • Website

Related Posts

Bill To Create Ikwuano North, Ikwuano South LGAs In Abia State Passes First Reading

October 31, 2025

US Revokes Wole Soyinka’s Visa

October 28, 2025

COUP SCARE: Soldiers Reportedly Raids Former Minister’s House, Arrest Brother

October 28, 2025
Leave A Reply Cancel Reply

Our Picks
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Politics

Bill To Create Ikwuano North, Ikwuano South LGAs In Abia State Passes First Reading

By Candid ReportersOctober 31, 20251 Min Read

The bill seeks to amend the 1999 Constitution to create Ikwuano North and Ikwuano South…

Tinubu Orders Removal Of Maryam Sanda, Others, From Pardon (+ full list)

October 29, 2025

US Revokes Wole Soyinka’s Visa

October 28, 2025

COUP SCARE: Soldiers Reportedly Raids Former Minister’s House, Arrest Brother

October 28, 2025
About Us
About Us

Candid Reporters is an online Newspaper company that focuses on factual news reportage on entertainment, sports, health, music fashion, E-publishing, etc. We provide the latest breaking news and videos straight from the news and entertainment industry.
candidreporters247@gmail.com

Our Picks
New Comments
    Facebook X (Twitter) YouTube
    • Home
    • Privacy Policy
    © 2025 Candid Reporters. Designed by Barto Creatives.

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.