US market watchdog sues Elon Musk

The billionaire gained over $150 million from unsuspecting Twitter shareholders, according to the regulator

Elon Musk is facing a lawsuit from the US Securities and Exchange Commission (SEC) over accusations that he failed to promptly disclose his initial acquisition of a significant stake in Twitter in early 2022, allegedly causing substantial financial harm to investors who sold their shares at lower prices.

The complaint, filed in federal court in Washington DC on Tuesday...