WATCH TV LIVE

Skip to main content
Tags: sec | elon | musk | twitter | probe | sanction

SEC Intends to Sanction Elon Musk in Twitter Probe

SEC Intends to Sanction Elon Musk in Twitter Probe
Elon Musk (AP)

Friday, 20 September 2024 04:16 PM EDT

The U.S. Securities and Exchange Commission said Friday it intends to seek sanctions against Elon Musk after he failed to appear for scheduled testimony for the regulator's probe into his $44 billion takeover of Twitter.

In a court filing, the SEC said the sanctions motion would seek an order to show case for why Musk should not be held in civil contempt.

Musk's lawyers called sanctions "drastic" and unnecessary, saying his testimony has already been rescheduled.

© 2024 Thomson/Reuters. All rights reserved.


Click Here to comment on this article
Share
StreetTalk
The U.S. Securities and Exchange Commission said Friday it intends to seek sanctions against Elon Musk after he failed to appear for scheduled testimony for the regulator's probe into his $44 billion takeover of Twitter.
sec, elon, musk, twitter, probe, sanction
76
2024-16-20
Friday, 20 September 2024 04:16 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved