According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.”
These disclosure rules are pretty much iron-clad.
If Musk didn’t disclose a 5% stake in Twitter for more than 10 days after the reporting period threshold, that’s illegal.
Again, it seems one law applies to the billionaires and another law applies to everyone else.
If he gets out of jail free, like Trump did with the felony convictions, the US legal system will be the laughing stock of the free world and nobody will take US law seriously.
These disclosure rules are pretty much iron-clad. If Musk didn’t disclose a 5% stake in Twitter for more than 10 days after the reporting period threshold, that’s illegal. Again, it seems one law applies to the billionaires and another law applies to everyone else. If he gets out of jail free, like Trump did with the felony convictions, the US legal system will be the laughing stock of the free world and nobody will take US law seriously.