US SEC intends to seek sanctions against Elon Musk in Twitter probe
- The US Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator's probe into his $44 billion takeover of Twitter.
But the SEC said that as SpaceX's chief technical officer, Musk "surely was already aware" of the planned launch because the company had discussed it two days earlier. It said Musk's actions violated a May 31 court order compelling his testimony. Musk's failure to testify on Sept. 10 resulted from an "emergency" he did not cause, and "there is no reason to believe such an emergency will reoccur," Spiro wrote.An SEC spokesperson declined to comment, though the regulator said in the court filing that nothing deters Musk from failing to show up on Oct. 3.
Investors must disclose when they reach 5% ownership of public companies. Musk eventually disclosed a 9.2% Twitter stake, and soon thereafter offered to buy the whole company.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk has often inflamed politically tense moments, raising worries for the US electionElon Musk has often inflamed politically tense moments, raising worries for the US election
Baca lebih lajut »
US slaps new sanctions on Israeli settlers over West Bank violenceUS on Wednesday announced new sanctions on West Bank settlers over violence against Palestinians.
Baca lebih lajut »
Elon Musk Could Achieve Trillionaire Milestone by 2027Elon Musk, the CEO of Tesla, SpaceX, and X (formerly Twitter), is projected to become the world’s first trillionaire by 2027.
Baca lebih lajut »
Researchers claim to have reached brain-computer interfaceMind-control wars: China’s gene-powered brain tech could rival Elon Musk’s Neuralink
Baca lebih lajut »
Russia opens fraud case against former deputy defence minister as corruption probe deepensRussia opens fraud case against former deputy defence minister as corruption probe deepens
Baca lebih lajut »
Harvey Weinstein indicted on additional sex crimes charges ahead of New York retrialProsecutors said they would seek to combine any new charges with ones previously brought against him
Baca lebih lajut »