The Latest Breaking News from SEC

The world’s richest man, Elon Musk, is now Twitter’s largest shareholder after acquiring a 9.2% stake in the social media platform for just under US$3 billion (£2.3 billion). The announcement drove Twitter’s share price up 27%, and it continued to grow in after-hours trading.

According to an agency notice, employees at the Securities and Exchange Commission (SEC) improperly accessed documents prepared for litigated cases in the agency’s administrative court system, writes Wall Street Journal. The disclosure highlights concerns about the independence of the SEC’s in-house court system.  The notice said some workers in the enforcement…

In this week’s newsletter: the world’s richest man just bought 9.2% of the social media site promising “significant improvements” – here’s what that could mean

Over the years, Elon Musk has used Twitter to flout securities laws, smear his critics and promote useless treatments for COVID-19.