The Wall Street regulator alleged the serial entrepreneur blew the deadline to file a special form saying he had accumulated at least a 5% ownership stake in Twitter before launching a takeover bid of the social media platform. By waiting too long to reveal his stake, Musk was able to stockpile shares on the cheap. The failure to timely disclose cost Twitter shareholders more than $150 million, the SEC said. Musk’s attorneys also requested that the case be moved from Washington, where the SEC is headquartered, to Texas, where several of his companies are based. “Forcing Mr. Musk to litigate in this district would merely perpetuate and compound the harm from the SEC’s years-long campaign against him,” Musk’s attorneys wrote in a filing at the time.