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.
this post was submitted on 15 Jan 2025
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Hasn't the SEC been working on this for a while though? I always see headlines pop up about it, but nothing ever comes out of it. I don't they'll win their case.