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SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions [CNBC]
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US:NASDAQ Investor Relations: ir.tesla.com
The federal agency complained, in a filing out Friday, that Musk recently canceled a deposition at the last minute, which cost the SEC time and money. The SEC has been investigating whether Musk or anyone else working with him committed securities fraud in 2022 as he sold shares in Tesla and began shoring up his stake in Twitter. The Securities and Exchange Commission has asked a federal judge to sanction Elon Musk if he continues to violate the court's order to appear for a deposition in a probe of his 2022 Twitter acquisition. The SEC has been investigating whether Musk or anyone else working with him committed securities fraud in 2022 as the Tesla CEO sold shares in his automaker and shored up a stake in Twitter, ahead of his leveraged buyout of the company now known as X. In May, the court ordered Musk to appear for a deposition by the financial regulators regarding the Twitter deal. “Musk has now failed to appear before the SEC twice: first in September 2023, in defian
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- SEC is unhappy that Elon Musk did not give testimony to the financial regulator to attend a SpaceX launch [Business Insider][Business Insider]
- Elon Musk threatened with SEC sanctions for failing to appear in court [TechCrunch][TechCrunch]
- SEC will seek sanctions against Elon Musk in Twitter probe over failure to appear in court [FOX Business Network][FOX Business Network]
- Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN][CNN]
- Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN][CNN]
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