The Securities and Exchange Commission sued tech billionaire Elon Musk on Tuesday, according to <a href="https://www.bloomberg.com/news/articles/2025-01-14/sec-sues-elon-musk-over-securities-violation-in-federal-court?srnd=homepage-europe" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.bloomberg.com/news/articles/2025-01-14/sec-sues-elon-musk-over-securities-violation-in-federal-court?srnd=homepage-europe" data-ga-track="ExternalLink:https://www.bloomberg.com/news/articles/2025-01-14/sec-sues-elon-musk-over-securities-violation-in-federal-court?srnd=homepage-europe" aria-label="multiple">multiple</a> <a href="https://www.cnbc.com/2025/01/14/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.cnbc.com/2025/01/14/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html" data-ga-track="ExternalLink:https://www.cnbc.com/2025/01/14/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html" aria-label="outlets">outlets</a>, accusing him of securities fraud linked to his $44 billion takeover of Twitter, now known as X.

<div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6786f5d5098e5f498fad5004/Trump-Debt/960x0.jpg?cropX1=0&amp;cropX2=3731&amp;cropY1=0&amp;cropY2=2486" alt="Trump Debt" width="100%" height="auto"></div><figcaption><fbs-accordion><p class="color-body light-text" role="button">Elon Musk speaks at a campaign rally, Oct. 27, 2024, in New York. (AP Photo/Evan Vucci, File)</p></fbs-accordion><small>Copyright 2024 The Associated Press. All rights reserved</small></figcaption>

 <div class="key-facts-element"> <p>The SEC specifically accused Musk of failing to disclose his ownership stake of Twitter in a timely manner before purchasing the social media platform outright in 2022, according to Bloomberg.</p>  </div>


<em>This is a developing story. Check back for updates.</em>

Musk purchased Twitter for $44 billion in 2022. {ai:summary}<p>The SEC has filed a lawsuit against Elon Musk, alleging securities fraud related to his $44 billion acquisition of Twitter, now X. The accusation centers on Musk's failure to timely disclose his ownership stake before completing the purchase in 2022. </p><p>This situation is ongoing, and further updates are expected. #politics</p>

SEC Sues Elon Musk Over Alleged Securities Violation Linked To Twitter Purchase

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