Elon Musk to testify about the purchase operation of this network social. Why is the SEC investigating the Twitter purchase operation? The SEC supervisor is investigating possible violations of various provisions of the federal securities laws in relation to Elon Musk’s 2022 purchases of Twitter shares and, also, the billionaire’s official statements and communications to the SEC itself. in relation to Twitter. With the aim of shedding.
Securities and Exchange Commission
Light on this investigation, and for Musk category email list to contribute his information and opinion to the case. The SEC wants the billionaire to sympathize and comply with their judicial subpoena that they have issued. From the United States Securities and Exchange Commission. The SEC, with Musk’s statements. Seeks to obtain information that is not already in the supervisor’s possession and that is relevant to its investigation.
Enforcement personnel pursuant to a formal
What happens if Musk doesn’t testify? If a person receives a BO Leads subpoena issued by SEC law enforcement personnel pursuant to a formal investigative order, and refuses to comply, the Commission may file an action in federal district court seeking an order that force compliance. In this case, Musk received this subpoena in May . And, just two days before his appearance. He informed the Commission that he was not going to appear .
