The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.

Elon Musk cheated Twitter shareholders by waiting too long to disclose his growing stake in the company, the U.S. Securities and Exchange Commission claims.

Less than a week before Donald Trump takes office, the SEC has filed a complaint against his most prominent benefactor.

On Tuesday, TikTok responded to a recent Bloomberg report claiming China was mulling a sale to Musk to keep operations from shutting down. “We cannot be expected to comment on pure fiction,” a TikTok spokesman told the Washington Examiner .

Elon Musk, Jeff Bezos and Mark Zuckerberg will attend President-elect Donald Trump’s inauguration Monday, according to an official involved with planning the event. They will have a prominent spot at the ceremony,

As Donald Trump prepares to re-enter the White House for the second time next week, Elon Musk will enter his new digs. After he was re-elected, Trump confirmed Elon Musk would head a new department aimed at creating a more efficient government.