This case is part of a broader investigation into Elon Musk's actions leading up to his $44 billion acquisition of Twitter (now rebranded as X). The SEC is examining whether Musk waited too long to disclose that he had started buying Twitter shares in early 2022. According to U.S. law, investors must inform regulators when they acquire more than 5% of a company's stock. However, critics allege that Musk delayed this announcement for at least 10 days, possibly to buy shares at a lower price.