Elon Musk after a luncheon with members of the Senate Republican Conference on Capitol Hill. REUTERS/Kent Nishimura/File Photo
Days before Republicans took the helm of the US Securities and Exchange Commission in January, the agency's five commissioners held a closed-door vote on whether to sue Elon Musk.
The agency had been investigating whether the billionaire had violated securities laws by disclosing too late his purchase of shares of Twitter, now known as X, prior to acquiring the company.
Four of the five commissioners, including Republican Hester Peirce, voted yes, three sources said. The fifth - Republican Mark Uyeda, now the acting head of the SEC - voted no.
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