SEC sues Elon Musk over purchase of 'artificially low' Twitter shares: report

Elon Musk has been sued by federal regulators, who say he violated securities law by failing to properly disclose his purchase of Twitter shares, which they allege were bought at "artificially low prices," according to a report.

The Securities and Exchange Commission, or SEC, sued the MAGA tech billionaire Tuesday, CNBC reported.

Regulators flagged his 2022 purchase of shares of the social media platform Twitter. The SEC said he committed securities fraud by failing to disclose his...