He’s the world’s richest person, buddies with President-elect Donald Trump and now faces a fresh US regulatory lawsuit that raises questions about how the incoming administration will handle t ...
As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares.
The SEC argued in a Jan. 15 filing to the Second Circuit Appeals Court that a New York District Court was wrong to rule that XRP (XRP) sold to retail investors wasn’t an unregistered securities ...
The SEC has filed an appeal seeking to overturn a previous ruling that distinguished between institutional and retail XRP sales, arguing all XRP sales should be classified as securities The appeal ...
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs continues to escalate, as the SEC files an appeal against a pivotal ruling from July 2023. This appeal is ...
Paul Atkins, Trump's crypto-friendly pick for SEC chair and former agency commissioner, is widely expected to end a crypto crackdown led by President Biden's Democratic SEC chair Gary Gensler ...
Elon Musk is the most politically powerful executive in corporate America. That still may not be enough to allow him to escape the wrath of Wall Street’s top regulator. The Securities and ...
The Securities and Exchange Commission (SEC) has sued tech billionaire Elon Musk, alleging he committed securities fraud by failing to disclose his ownership of Twitter. According to the SEC ...
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As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5 percent of Twitter’s shares.
Alex Spiro, a lawyer for Musk, said the action is “an admission” that the SEC cannot bring an “actual case,” because Musk “has done nothing wrong and everyone sees this sham for what it is.” “The ...
"Defendant Elon Musk failed to timely file with the SEC a beneficial ownership report disclosing his acquisition of more than five percent of the outstanding shares of Twitter's common stock in ...