Shocking: The United States Securities and Exchange Commission (SEC) has requested the judge to force the billionaire Elon Musk to testify in this Twitter probe. SEC has urged the judge to push Musk to testify about the investigation as he has over the social media giant Twitter whose name he changed to X. This is one of the biggest shocking news of the current time. Now netizens are eager to learn about this case. People wanted to know why this request had been made to judge by the SEC. What is the reason behind this? This is one of the hottest topics of the current time because of that the name Musk is currently on the trending page. Now learn everything about this topic by reading this entire article.
On 16th November 2023, Thursday, the US Securities and Exchange Commission urged the federal judge. SEC has urged Elon Musk to testify for the investigation in the $44 billion takeover of internet giant Twitter. He purchased Twitter some time ago and after some time of purchasing it, he changed its name to X. He is the founder and CEO of Tesla. He is one of the richest men in the world. Scroll down.
Recently, a document was filed in the federal court in San Francisco yesterday. SEC officially defended the efforts to compel Musk’s testimony as he stated that the agency was just acting with its authority. In October 2023, the SEC was investigating Elon Musk’s 2022 purchases of the stock in Twitter (X) and also his statements and SEC filing which are related to the takeover of the internet giant. On this, the villainous refused to attend the interview for the probe which was held in September 2023. On 2nd November 2023, Musk and his lawyers raised a question to the federal judge to deny the SEC motion to compel the testimony and agency is going to exceed the authority.
On 16th November 2023, Thursday, the SEC officially rejected the claim and stated that the agency officials have granted the entire authority by the law to seek the testimony and the documents as they are currently pursuing the investigation work. SEC has already noted that it has received the new document in the investigation from their last interview. The battle in the court is the biggest flare-up in the acrimonious relationship which is between the United States market regulator and Elon Musk. Further details are to be shared very soon.