Elon Musk must testify in SEC probe of his Twitter takeover, judge says
Publishing timestamp: 2024-02-12 11:04:59
Summary
Elon Musk has been ordered by a U.S. judge to testify in a probe by the U.S. Securities and Exchange Commission (SEC) regarding his 2022 acquisition of Twitter. The SEC is investigating whether Musk or anyone else committed securities fraud as Musk began buying stock in Twitter before his leveraged buyout of the company. Musk has previously challenged the authority of federal regulatory agencies, including the SEC and the National Labor Relations Board. The judge ruled that the SEC's subpoena was within its authority and Musk now has one week to set a date and location for his testimony. Musk has not yet commented on the matter.
Sentiment: NEUTRAL
Tickers: TSLA,
Keywords: social media, sec, elon musk, business news, space industry, autos, breaking news: technology, tesla inc, technology,
Source: https://www.cnbc.com/2024/02/12/elon-musk-must-testify-in-sec-probe-of-his-twitter-takeover.html