The Securities and Exchange Commission (SEC) plans to seek sanctions against Elon Musk for not attending a court testimony related to his $44 billion acquisition of Twitter. Musk informed the SEC just hours before the scheduled court date that he would not attend due to a SpaceX launch, although the SEC argued he knew about it in advance. The SEC is investigating Musk for potential securities law violations related to his Twitter stock purchases. Musk’s lawyer claimed the absence was necessary for safety and rescheduled the testimony for October 3rd. https://www.reuters.com/technology/us-sec-intends-seek-sanctions-against-elon-musk-twitter-probe-2024-09-20/
SEC Intends to Seek Sanctions against Elon Musk
