US SEC intends to seek sanctions against Elon Musk in Twitter probe
- The U.S. Securities and Exchange Commission intends to seek sanctions against Elon Musk for not appearing for court-ordered testimony regarding his $44 billion takeover of Twitter.
- Musk informed the SEC only three hours before the scheduled testimony that he would not attend, prompting the sanctions motion.
- The SEC is investigating whether Musk violated federal securities laws in 2022 related to his stock purchases in Twitter, now rebranded as X.
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