- SEC voted behind closed doors in January 4-1 to sue Musk, sources said.
- Vote related to SEC’s case against Musk over Twitter disclosures, sources said.
- Vote showed difference of opinion inside the SEC on whether to sue Musk.
NEW YORK, March 24 (Reuters) – Days before Republicans took the helm of the U.S. Securities and Exchange Commission in January, the agency’s five commissioners held a closed-door vote on whether to sue Elon Musk.
Since 2022, the agency had been investigating whether the billionaire, a close ally of incoming President Donald Trump, had violated securities laws by disclosing too late his purchase of shares of Twitter, now known as X, prior to acquiring the company that year.
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