SEC Seeks Court Order to Force Elon Musk to Testify in Twitter Deal Investigation

The SEC said Musk failed to appear for testimony as required by a May subpoena regarding his purchase of Twitter.
Musk waited until 2 days before the scheduled date to notify the SEC he would not appear, regulators said.
The SEC is seeking a court order to force Musk to comply with the testimony subpoena.
The SEC said the testimony is related to an ongoing investigation into potential securities law violations with Musk's Twitter purchase.
In response, Musk said on Twitter that regulatory agencies need an overhaul and punitive action against those abusing power.