X Stock Lawsuit Against Elon Musk Faced Opposition from SEC Chair Mark Uyeda

Mark Uyeda, the acting chair of the Securities and Exchange Commission (SEC), has reportedly been the sole commissioner to oppose suing X owner Elon Musk over his delayed disclosure of X stock. According to a Reuters report citing three sources, four out of five SEC commissioners, including Republican Hester Peirce, have voted in favor of suing Musk. The decision was made during a closed-door vote, reflecting ongoing scrutiny by the regulator. The regulator has been investigating Musk since 2022 for allegedly violating federal securities laws by failing to disclose his acquisition of more than 5% of X stock in a The post X Stock Lawsuit Against Elon Musk Faced Opposition from SEC Chair Mark Uyeda first appeared on The Shib Daily source: https://news.shib.io/2025/03/25/x-stock-lawsuit-against-elon-musk-faced-opposition-from-sec-chair-mark-uyeda/?utm_source=rss&utm_medium=rss&utm_campaign=x-stock-lawsuit-against-elon-musk-faced-opposition-from-sec-chair-mark-uyeda