Posted 10/6/2023, 4:38:17 PM
SEC Sues Musk for Refusing to Testify in Twitter Stock Probe
- SEC sued Musk for refusing to testify in probe of his Twitter stock purchases and statements.
- SEC subpoena is related to whether Musk violated securities laws with Twitter stock buys and statements.
- SEC says Musk testified twice before but is now refusing a third round of testimony.
- Musk claimed SEC is harassing him and oversight is needed of "regulatory abuse."
- SEC says Musk's refusal to testify anywhere is hindering investigation into potential securities laws violations.
