The US Securities and Exchange Commission (SEC) is suing Elon Musk over his refusal to testify in an investigation into Musk’s purchase of Twitter stock in 2022.
According to the SEC’s complaint, Musk was scheduled to appear for testimony on September 15th after receiving a subpoena. However, “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear” and apparently raised “several spurious objections, including an objection to San Francisco as an appropriate testimony location,” the SEC said. The lawsuit was first reported by Bloomberg.
The SEC says it offered to conduct the testimony in Fort Worth, Texas, which is closer to where Musk lives, as well as on multiple dates in October and…
Continue reading…
