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SEC acting chair voted against suing Elon Musk over Twitter stock disclosure

Mark Uyeda, acting chair of the SEC, was the only commissioner to oppose a lawsuit against Elon Musk regarding his late disclosure of Twitter stock ownership. This vote highlights differing perspectives within the commission.

Elon Musk is under investigation for allegedly failing to disclose his Twitter stock ownership in time, potentially saving him around 150 million USD. The SEC lawsuit claims he delayed his disclosure, affecting market dynamics.

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