Securities
Feb. 13, 2024
Musk must testify before SEC for 3rd time, jurist says
After the Tesla founder purchased Twitter in April 2022, the SEC opened a probe as to whether Musk buying the social media company’s shares in the preceding months violated federal securities laws.
Elon Musk must testify for the third time before the U.S. Securities and Exchange Commission as the agency investigates the billionaire investor’s purchase of Twitter Inc., now X Corp., for potential civil fraud.
“The evidence is relevant and material to the SEC’s investigation, and the testimony is not unduly burdensome,” U.S. Magistrate Judge Laurel Beeler in San Francisco wrote in her order Saturday. She asked the parties to confer with...
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