SEC to Seek Sanctions Against Elon Musk Over $44 Billion Twitter Acquisition Probe

Sep 20, 2024, 08:26 PM

The U.S. Securities and Exchange Commission (SEC) has announced its intention to seek sanctions against Elon Musk. This action follows Musk's failure to appear for scheduled, court-ordered testimony in the SEC's investigation into his $44 billion acquisition of Twitter. The SEC's move is detailed in a court filing, highlighting Musk's non-compliance with a court order to testify in the probe into Twitter.