SEC mulled suing Musk

Get full access to Reuters.com for just $1/week. Subscribe now.

One Essential Read

Recommended by Kate Turton, Newsletter Editor

Interim SEC chief cast sole vote against suing Musk

Elon Musk after a luncheon with members of the Senate Republican Conference on Capitol Hill. REUTERS/Kent Nishimura/File Photo

Days before Republicans took the helm of the US Securities and Exchange Commission in January, the agency's five commissioners held a closed-door vote on whether to sue Elon Musk.

The agency had been investigating whether the billionaire had violated securities laws by disclosing too late his purchase of shares of Twitter, now known as X, prior to acquiring the company.

Four of the five commissioners, including Republican Hester Peirce, voted yes, three sources said. The fifth - Republican Mark Uyeda, now the acting head of the SEC - voted no.

Read our exclusive

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website

Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.

Terms & Conditions and Privacy Statement