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

Sep 20, 2024, 08:48 PM

The U.S. Securities and Exchange Commission (SEC) announced its intention to seek sanctions against Elon Musk for failing to appear for scheduled testimony in the regulator's probe into his $44 billion acquisition of Twitter. The SEC's court filing indicates that Musk violated a court order requiring his testimony. This investigation is part of the SEC's broader scrutiny of Musk's purchase of the social media platform.