The Securities and Exchange Commission fits Musk because of "Twitter"

According to the court register, the US Security and Exchange Commission filed a lawsuit against Elon Musk in a federal court for an alleged violation of the laws of shares. The agency claims that Mask failed in time to reveal a major purchase of the shares of Twitter before taking possession of the social media platform. Alex Spiro, Musk’s advocate, said the procedure is an ‘recognition’ that the Securities and Exchange Commission cannot cause a ‘real case’ because Musk ‘has made no mistake, and everyone sees this trick as it is. ” “With the withdrawal of the head of the Security and Exchange Committee and its departure from its position, the campaign of harassment launched by the Security and Exchange Committee for many years has reached a complaint against Mr. Musk under Article 13 (d) due to an alleged administrative failure in the submission of one model.” He added that it is “a crime, even if it is proven, it bears a symbolic punishment.” A consultant close to Trump has become a mask, the richest person in the world, one of the biggest supporters of Donald Trump and his closest advisor in recent months. The elected president, Mask, was charged with Vivek Ramaswami, with a large -scale initiative to lower government costs; The billionaire also joined the elected president in talks with foreign officials. The organizational body has been investigating Musk’s investment on Twitter since 2022, and sends him a message for explaining the reason not to reveal his share in Twitter on the right time frame. By keeping the purchase of confidential, Musk was able to buy the shares at ‘artificially low prices’, which enabled him to pay less than the value of the shares of at least $ 150 million, according to the security and bursary committee in the complaint. By March 2022, Musk acquired more than 9% of the company’s ordinary shares. This increased the notice requirements within ten days of purchase. Master of the report submitted after 11 days, which led to the increase in the price of the company’s share by 27% of the previous day, according to the lawsuit. The Securities and Exchange Commission asked the court to direct a mask to pay a fine and return the profits, which the agency claims to have been raised out of the purchases of the shares. The agency refused to comment outside the lawsuit. Musk is also facing a lawsuit by investors who accuse him of hiding its acquisition of ‘Twitter’ shares. The issue of the Securities and Exchange Commission against Musk holds the symbol ’25 -CV -00105 ‘and was deposited in the American Provincial Court in Colombia (Washington, DC).