SEC Seeks to Force Musk Testimony on Twitter Stock Purchases
- Agency says that billionaire failed to appear last month
- Musk attorney says that his client testified multiple times
The US Securities and Exchange Commission is seeking to force Elon Musk to testify as it investigates the billionaire’s purchases of Twitter Inc. shares ahead of his takeover of the social media platform.
The Wall Street regulator said on Thursday that Musk failed to appear to testify last month as requested, and asked a judge to force him to. The agency is reviewing Musk’s statements and disclosures about the stock transactions, according to a filing by the agency in federal court in San Francisco.