Washington, January 15: Just days ahead of Donald Trump슬롯사이트s inauguration as the 47th US President, the Securities and Exchange Commission (SEC) has filed a lawsuit against his best ally Elon Musk over an alleged securities violation relating to his acquisition of Twitter (now called X) in 2022.

The SEC lawsuit alleged that the tech billionaire 슬롯사이트failed to disclose his 5 per cent ownership stake of Twitter in a timely manner슬롯사이트�, violating federal securities law. The complaint, filed in federal court in Washington, DC, also claimed that the Tesla and SpaceX owner 슬롯사이트waited to disclose the acquisition in order to build up a larger position in Twitter at a discounted price슬롯사이트�, said reports.슬롯 머신 사이트 추천Elon Musk and Mark Zuckerberg, 2 Long-Term Tech Rivals, Will Reportedly Sit Together at Donald Trump슬롯사이트s Inauguration.

The lawsuit against Musk came as Gary Gensler, Chairman of the SEC, is set to step down on January 20, the day Trump takes over as US President. According to the SEC complaint, after purchasing more than 5 per cent of Twitter 슬롯사이트� which Musk allegedly did on March 24, 2022 슬롯사이트� he was required by the SEC to file a beneficial ownership report.

He filed the report April 4, 2022, according to the SEC슬롯사이트s complaint. During this delayed disclosure period, Musk allegedly increased his position in Twitter from a 5 per cent stake to a 9 per cent stake, according to reports.슬롯 머신 사이트 추천MrBeast or Elon Musk, Who Is Buying TikTok? Netizens Debate After YouTuber Says 슬롯사이트Many Billionaires슬롯사이트� Reached Out to Him Since He Expressed Intention To Buy Short-Video Platform To Prevent Ban.

Musk슬롯사이트s lawyers were quoted as saying in media reports that SEC cannot bring an 슬롯사이트actual case슬롯사이트� against the billionaire. 슬롯사이트As the SEC retreats and leaves office, the SEC슬롯사이트s multi-year campaign of harassment against Mr. Musk culminated in the filing of a single-count ticky tak complaint against Mr. Musk,슬롯사이트� the lawyers said in a statement. US President-elect has nominated Paul Atkins as the new SEC chief, who earlier served as SEC Commissioner and is expected to be a Trump ally. Musk had bought Twitter for a whopping $44 billion in October 2022.

(The above story first appeared on LatestLY on Jan 15, 2025 11:09 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).