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Elon Musk Ordered to Testify in SEC's Investigation of Twitter Takeover

A federal judge has mandated Elon Musk's compliance with an SEC subpoena, escalating the probe into his 2022 acquisition of Twitter, now known as X.

Overview

  • A US judge has ordered Elon Musk to testify regarding his 2022 acquisition of Twitter, amid investigations into potential violations of federal securities laws.
  • The SEC's probe focuses on Musk's disclosures and statements during the Twitter purchase, questioning the legality and truthfulness of his actions.
  • Musk has previously testified twice in 2022 but is now required to answer further questions following the SEC's receipt of new documents.
  • The billionaire's refusal to comply with the SEC's September subpoena led to a legal battle, with the court now enforcing his testimony.
  • Musk's ongoing legal disputes with the SEC highlight issues of regulatory compliance and free speech, as he challenges the authority and intentions of the commission.