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  • 2 years ago
The SEC is investigating whether Elon Musk or others committed securities fraud related to his acquisition of Twitter in 2022. A US judge ordered Musk to testify in the SEC's probe, rejecting Musk's arguments that the subpoena amounted to harassment. The SEC is probing Musk's initial buying of Twitter stock before announcing his intention to buy the whole company. Musk has a history of challenging federal regulators like the SEC and NLRB over issues like his tweets and SpaceX employee complaints.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 The SEC is investigating whether Elon Musk or others committed securities fraud related
00:07 to his acquisition of Twitter in 2022.
00:09 A U.S. judge ordered Musk to testify in the SEC's probe rejecting Musk's argument that
00:14 the subpoena amounted to harassment.
00:16 The SEC is probing Musk's initial buying of Twitter stock before announcing his intention
00:20 to buy the whole company.
00:22 Musk has a history of challenging federal regulators like the SEC and NLRB over issues
00:27 like his tweets and SpaceX employee complaints.
00:30 He has asked courts to undo his SEC settlement over tweets and sue the NLRB over SpaceX complaint.
00:36 For all things money, visit Benzinga.com.
00:38 [BLANK_AUDIO]
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