Elon Musk Ordered to Testify in SEC Probe of Twitter Takeover

1 min read
Source: The Associated Press
Elon Musk Ordered to Testify in SEC Probe of Twitter Takeover
Photo: The Associated Press
TL;DR Summary

A judge has ordered Elon Musk to testify for a third time in the SEC's investigation into his $44 billion purchase of Twitter in 2022. The judge's order comes after Musk resisted the subpoena, arguing that the SEC's investigation is baseless and harassing. The SEC has been conducting a fact-finding investigation into the period before Musk's Twitter takeover, and Musk has already testified twice in the case. The SEC has received thousands of new documents, including hundreds from Musk, and the agency has not concluded any federal securities laws were violated.

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