Elon Musk, the world’s wealthiest person and the apparent right-hand man of incoming U.S. president Donald Trump, has been taken to court for a third time by the Securities and Exchange Commission (SEC) for allegedly violating securities law.
In the most recent case, filed Tuesday in the U.S. District Court for the District of Columbia, the SEC claimed that Musk did not disclose his newly acquired beneficial ownership stake in Twitter, now called X, quickly enough in March and April of 2022.
