According to the SEC’s complaint, Musk was scheduled to appear for testimony on September 15th after receiving a subpoena.
However, “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear” and apparently raised “several spurious objections, including an objection to San Francisco as an appropriate testimony location,” the SEC said.
The SEC says it offered to conduct the testimony in Fort Worth, Texas, which is closer to where Musk lives, as well as on multiple dates in October and November.
The subpoena relates to “an ongoing nonpublic investigation” from the SEC about whether Musk violated securities laws with his 2022 purchases of Twitter stock and 2022 statements and filings regarding the company.
In April of last year, the SEC wrote a letter to Musk questioning his disclosures about the purchases.
Earlier this year, a federal appeals court rejected his bid to toss an SEC settlement that forces him to have some Tesla-related tweets reviewed by a lawyer.
The original article contains 277 words, the summary contains 164 words. Saved 41%. I’m a bot and I’m open source!
This is the best summary I could come up with:
According to the SEC’s complaint, Musk was scheduled to appear for testimony on September 15th after receiving a subpoena.
However, “two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear” and apparently raised “several spurious objections, including an objection to San Francisco as an appropriate testimony location,” the SEC said.
The SEC says it offered to conduct the testimony in Fort Worth, Texas, which is closer to where Musk lives, as well as on multiple dates in October and November.
The subpoena relates to “an ongoing nonpublic investigation” from the SEC about whether Musk violated securities laws with his 2022 purchases of Twitter stock and 2022 statements and filings regarding the company.
In April of last year, the SEC wrote a letter to Musk questioning his disclosures about the purchases.
Earlier this year, a federal appeals court rejected his bid to toss an SEC settlement that forces him to have some Tesla-related tweets reviewed by a lawyer.
The original article contains 277 words, the summary contains 164 words. Saved 41%. I’m a bot and I’m open source!