The US Securities and Exchange Commission requires Musk to testify in its 2022 acquisition of Twitter investigation

Tech 2023-10-06 17:36:16 Source: Network

On October 5th local time, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, requesting Musk to testify in its 2022 acquisition of Twitter (now X). In a statement, the SEC stated that it had followed all appropriate administrative steps required to seek Musk's testimony, but Musk refused to comply with the subpoena

On October 5th local time, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, requesting Musk to testify in its 2022 acquisition of Twitter (now X). In a statement, the SEC stated that it had followed all appropriate administrative steps required to seek Musk's testimony, but Musk refused to comply with the subpoena. The SEC is now requesting court intervention and forcing Musk to cooperate.

It is reported that the US Securities and Exchange Commission began an investigation into Musk's acquisition of Twitter in April 2022 to determine whether Musk had engaged in illegal activities in acquiring Twitter stocks and related financial documents. Although the SEC has issued multiple subpoenas since May, Musk refused to testify by delaying the scheduled date and refusing to attend. The SEC stated, "Musk's continued refusal to comply with the SEC's administrative summons has hindered and delayed the investigation by SEC employees into whether he has violated federal securities laws. Therefore, the SEC is now requesting the court to compel Musk to attend the investigation hearing

(Looking at the news)

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: The US Securities and Exchange Commission requires Musk to