In the application, the SEC outlines its ongoing investigation into Elon Musk’s 2022 acquisition of Twitter shares, as well as his subsequent statements and filings with the Commission. The SEC initially served Musk with a subpoena in May 2023, requiring him to appear for investigative testimony at the SEC’s San Francisco Regional Office on September 15, 2023. While Musk initially agreed to comply, he later reversed his decision and refused, citing various objections.
The court’s jurisdiction over the case is established under Section 22(a) of the Securities Act, 15 U.S.C. § 77v(b), and Section 21(c) of the Exchange Act, 15 U.S.C. § 78u( …
Read more…….
Be the first to comment