The Securities and Exchange Commission (SEC) announced Tuesday that the agency filed an enforcement action against the co-chair of the Department of Government Efficiency Elon Musk over his purchase of X, according to a litigation release.
In October 2022, Musk officially became the sole owner of X, formerly known as Twitter, after a months-long legal battle after saying he had been originally misled about the number of spam or “bot” accounts on the site. In a litigation release from the government agency, the SEC says Musk “failed to timely file a beneficial ownership report” with the Commission after “acquiring beneficial ownership of more than five percent of the outstanding shares” of then-Twitter stock. (RELATED: Musk Completely Derails UK Political Establishment, Accuses PM’s Party Of Covering Up Muslim Rape Gangs)
“According to the SEC’s complaint, after…
