Court orders Elon Musk to testify for SEC, rejects his claim of “harassment”

Court orders Elon Musk to testify for SEC, rejects his claim of “harassment”

10 months ago
Anonymous $6hYC3Wwiad

https://arstechnica.com/tech-policy/2024/02/court-orders-elon-musk-to-testify-for-sec-rejects-his-claim-of-harassment/

A federal court ordered Elon Musk to comply with a subpoena issued by the Securities and Exchange Commission, rejecting Musk's claims that the SEC is "harassing" him and exceeding its authority to investigate.

In an order issued Saturday, US Magistrate Judge Laurel Beeler wrote that "the SEC has broad authority to issue subpoenas." The information it seeks from Musk is relevant to the agency's investigation into "possible violations of the federal securities laws in connection with the respondent's 2022 purchases of Twitter stock and his 2022 statements and SEC filings relating to Twitter," Beeler wrote.

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