Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his 2022 purchase of social media giant Twitter, according to a Thursday court filing in which the agency sought to compel Musk to provide testimony.
The investigation concerns whether Musk broke federal securities laws in connection with his 2022 purchases of stock in Twitter, which Musk renamed X, as well as statements and SEC filings he made in relation to the deal.
Musk acquired Twitter last year after initially building a large minority stake in the social media platform, which he allegedly failed to disclose in a timely manner.
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Elon Musk's Twitter stock purchases under investigation by SEC - court filingElon Musk's Twitter stock purchases under investigation by SEC - court filing
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Elon Musk's Twitter stock purchases under investigation by SEC - court filingElon Musk is under investigation for his disclosures of his purchases of Twitter stock in early 2022, according to a Thursday court filing by the U.S. Securities and Exchange Commission.
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SEC sues to force Elon Musk to testify in Twitter probeThe U.S. Securities and Exchange Commission has sued Elon Musk in an effort to compel the Twitter owner to testify regarding his purchase of the company.
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SEC Sues Elon Musk, Seeking Testimony in Twitter ProbeThe regulator filed suit in San Francisco federal court, seeking an order to compel the billionaire owner of the social-media platform X to appear.
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Elon Musk sued by SEC for failure to comply with Twitter investigationChristopher Hutton is a technology reporter for the Washington Examiner covering Big Tech companies like Facebook and X as well as the regulatory efforts by Washington to rein in the tech companies. He previously wrote for a number of other outlets, including Daily Dot, Pando Daily, Religion Unplugged, and other outlets. He graduated from Ball State University in 2020 with a master's in sociology. You can find him on X at chris_journo.
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