The U.S. SEC has filed a lawsuit against Musk in federal court, accusing him of alleged securities violations

PANews reported on January 15th, according to Bloomberg, that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk in the Washington Federal Court, accusing him of alleged securities violations. Currently, the specific details of the lawsuit have not been disclosed. The report stated that related litigation has appeared in court documents.

Court documents show that the reason for SEC's lawsuit against Musk involves his purchase of Twitter stocks.