Browsing: Securities and Exchange Commission

The U.S. Securities and Exchange Commission has advanced its civil fraud lawsuit against Gautam Adani after resolving issues around serving legal papers, allowing the long-stalled case to move ahead as a related criminal matter remains quiet.

Reportedly, the SEC filed a lawsuit against Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at “artificially low prices.”