The Securities and Exchange Commission (SEC) filed a lawsuit against Tesla (TSLA) CEO Elon Musk, alleging he committed securities fraud by failing to disclose his active stake in Twitter, now X, allowing him to buy the social media company at “artificially low prices.” Yahoo Finance Senior Legal Reporter Alexis Keenan joins Morning Brief with Seana Smith and Brad Smith to break down the timeline of events, from Musk’s acquisition of Twitter to the SEC filing its lawsuit. Watch Yahoo Finance’s full interview with outgoing SEC Chair Gary Gensler.
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