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Elon Musk's Twitter stock purchases under probe by SEC

2023-10-05 20:25
Elon Musk's Twitter stock purchases are under investigation by the U.S. Securities and Exchange Commission (SEC), according to
Elon Musk's Twitter stock purchases under probe by SEC

Elon Musk's Twitter stock purchases are under investigation by the U.S. Securities and Exchange Commission (SEC), according to a court filing on Thursday.

The regulator is seeking a court order directing Musk to comply with a subpoena to appear for testimony, it said.

According to the filing, Musk failed to appear for testimony as required, despite agreeing to it.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shinjini Ganguli)