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SEC Sues Musk to Force His Testimony on Twitter

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Billionaire Elon Musk is being probed by the U.S. Securities and Exchange Commission over his 2022 purchase of social media giant Twitter, according to a Thursday court filing.

Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his 2022 purchase of social media giant Twitter, according to a Thursday court filing in which the agency sought to compel Musk to provide testimony.

The SEC said it subpoenaed Musk in May 2023 requiring him to provide testimony at the SEC’s San Francisco office, and that Musk had agreed to appear last month. But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. Musk also refused to SEC proposals to conduct the deposition in Texas in October or November.

"The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation - enough is enough," said a statement from Alex Spiro, an attorney for Musk.

 

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