• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Elon Musk To Face Charges As SEC Seeks Settlement Over X Acquisition

by Ruth Nwokwu
9 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

Tech Billionaire Elon Musk has revealed that the Securities and Exchange Commission (SEC) has issued a settlement demand in connection with its ongoing investigation into his 2022 acquisition of X (formerly Twitter).

Advertisement

LEADERSHIP reports that SEC was probing to know if Musk violated securities laws by failing to disclose his stock purchases on the social media platform within the required timeframe.

Attorney for Musk, Alex Spiro, shared a letter on social media outlining SEC’s demand that Musk agree to a fine or face multiple charges.

The SEC claimed that the demand was the result of a directive from higher-ups and warned that charges would be filed unless Musk complied. Musk has refused to acquiesce.

The letter further revealed that Spiro had been subpoenaed to testify but refused and that the SEC had reopened an investigation into Musk’s brain-machine interface company, Neuralink.

RELATED

edo

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

12 minutes ago
Taylor Swift Announces Engagement To Travis Kelce

Taylor Swift Announces Engagement To Travis Kelce

26 minutes ago
ADVERTISEMENT

Spiro’s letter accused the commission of conducting a politically motivated campaign against Musk and his associates.

“We demand to know who directed these actions – whether it was you or the White House,” the letter stated, asserting that the SEC’s tactics would not intimidate Musk.

Musk’s recent clash with the SEC stemmed from his purchase of a 9% stake in Twitter in April 2022, ahead of his full acquisition of the company later that year.

ADVERTISEMENT

The SEC contended that Musk had violated securities laws by failing to disclose the purchase within the required 10-day window.

Musk eventually acquired all of Twitter in a $44 billion deal, rebranding it as X shortly thereafter.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Elon Musk
SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

South Korean President Yoon Impeached After Martial Law Declaration

Next Post

Africa Housing Awards: Dangiwa Named Housing Minister Of The Year

Ruth Nwokwu

Ruth Nwokwu

You May Like

edo
News

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

2025/08/27
Taylor Swift Announces Engagement To Travis Kelce
Entertainment

Taylor Swift Announces Engagement To Travis Kelce

2025/08/27
Training Scheme For NCE Graduates
News

Federal Gov’t To Train 7m Youths In Digital Skills

2025/08/27
tinubu
News

2027: Despite Endorsing Tinubu, APC Throws Presidential Ticket Open

2025/08/27
Akpabio Neither Slumped Nor Rushed To National Hospital — Spokesman 
News

Akpabio Charges Nigerians On Maintenance, Protection Of Gov’t Facilities

2025/08/27
Osun Monarch Jailed 56 Months For COVID Fraud In US
News

Osun Monarch Jailed 56 Months For COVID Fraud In US

2025/08/27
Leadership Conference advertisement

LATEST

Edo Gov’t, NLC May Clash Over Planned Inauguration Of Caretaker Committee

Taylor Swift Announces Engagement To Travis Kelce

PICTORIAL: APC, PDP Supporters Dump Parties For ADC In Damagun’s Hometown

Adamu Aliyu Makes Waves In Latvian Football, Eyes Nigeria Call-Up

Federal Gov’t To Train 7m Youths In Digital Skills

2027: Despite Endorsing Tinubu, APC Throws Presidential Ticket Open

Akpabio Charges Nigerians On Maintenance, Protection Of Gov’t Facilities

Osun Monarch Jailed 56 Months For COVID Fraud In US

Gov Radda Cuts Leave Short To Visit Community Attacked By Bandits In Katsina

2027: FCT PDP Stakeholders Reject Zoning To South, Endorse Olawepo-Hashim

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.