💨 Abstract

Elon Musk, the world's richest man and a former advisor to U.S. President Donald Trump, has received a summons from the Securities and Exchange Commission (SEC) in relation to their lawsuit against him. The SEC accuses Musk of violating federal securities law by failing to disclose his acquisition of 5% of Twitter's common shares within the required 10-day timeframe in 2022.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖