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.
- 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.