Tag

Stock Probe

All articles tagged with #stock probe

business2 years ago•3 min saved

Judge Orders Elon Musk to Testify in SEC Probe, Rejecting His Attempts to Avoid Testifying

A magistrate judge has rejected Elon Musk's attempt to avoid testifying in an investigation by the Securities and Exchange Commission (SEC) into whether he violated federal securities laws. The SEC sued Musk in October to force him to testify for a third time regarding purchases of Twitter stock he made before acquiring the company. Musk's arguments claiming harassment and excessive demands were rejected during a court hearing, and the judge made it clear that she will rule in the SEC's favor if Musk doesn't appear for testimony. The SEC's investigation pertains to Musk's Twitter stock purchases and related statements and filings in 2022.

via Ars Technica|

#business #elon-musk #sec

business2 years ago•2 min saved

Judge Orders Musk to Testify in SEC Twitter Stock Probe

A federal judge in San Francisco has indicated that Elon Musk should testify about his purchase of Twitter stock prior to the company's acquisition, as part of an investigation by the US Securities and Exchange Commission (SEC). The SEC is seeking information about Musk's stock purchases and statements he made regarding his investments. Despite Musk's objections and claims of harassment, the judge has asked the parties to work out an agreement on logistics, with the possibility of forcing Musk to testify if no agreement is reached. Musk has a history of challenging government regulators and is currently battling with the SEC over the screening of his social media posts about Tesla.

via Yahoo Finance|

#business #elon-musk #sec