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Politics : The Elon Musk Presidency

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From: S. maltophilia	1/15/2025 12:56:07 AM
	of 1210

Probably not the most significant SEC action ever, but one of the last. Caveat investor. S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations Regulators filed a lawsuit in federal court stemming from Mr. Musk’s $44 billion purchase of the social media company now called X. Listen to this article · 7:28 min Learn more Over the past few weeks, Elon Musk had taunted the S.E.C. in posts on X about the potential for filing a lawsuit.Credit...Pool photo by Allison Robbert By Matthew Goldstein and Kate Conger Matthew Goldstein covers white-collar crime and finance. Kate Conger covers Elon Musk and X. Jan. 14, 2025 Sign up for the On Tech newsletter. Get our best tech reporting from the week. Get it sent to your inbox. U.S. securities regulators sued Elon Musk in federal court in Washington on Tuesday in an enforcement action arising from his $44 billion purchase of Twitter, now called X. The lawsuit against Mr. Musk, who has become a close adviser to President-elect Donald J. Trump, is likely to be one of the more contentious final acts of the Securities and Exchange Commission under Gary Gensler, its departing chair. It could also be undercut in just a few days, when Mr. Trump appoints...... nytimes.com

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