The SEC's complaint centers on Musk's acquisition of Twitter stock in early 2022, alleging Musk failed to notify them of his share acquisition on time.
The SEC claims Musk was able to continue purchasing shares at artificially low prices, allowing him to underpay by at least $150 million.
While this case appears straightforward regarding SEC rules, the timing suggests a motive to conclude the case before a potential regulatory environment change.
Experts speculate that the SEC filed this case now due to the impending change in administration, implying a strategic move to act before regulations shift.
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