
The Securities and Exchange Commission (SEC) sued Elon Musk on Thursday in an effort to compel him to testify in its probe over Musk’s purchase of Twitter, the platform now known as X.
The SEC alleges Musk failed to comply with a subpoena as part of the SEC’s investigation over the billionaire’s purchase of Twitter last year.
“The SEC has followed all appropriate administrative steps required in seeking Musk’s testimony. In the face of Musk’s blatant refusal to comply with the SEC’s subpoena, the SEC now asks the Court to intervene and compel Musk’s compliance,” the SEC wrote in a…