reported According to the Financial Times, Ukrinform.

In a filing filed Thursday in federal court in California, the Securities and Exchange Commission said it was conducting a “non-public investigation” into whether Musk violated “various provisions of the federal securities law” in connection with his purchase of Twitter shares.

The SEC said Musk did not appear to testify on September 15. The commission asked the court to order the billionaire’s arraignment “given Musk’s apparent refusal to comply.”

The regulator began its investigation in April 2022 and obtained multiple documents from third parties, including Musk himself, as part of its requests, according to an SEC filing. The billionaire also testified twice in July 2022.

The filing alleges that Musk initially agreed to testify as part of the investigation, but then told SEC officials two days before his scheduled hearing that he would not do so and “raised numerous false objections, including objections to San Francisco being cited as a suitable location.” is being done. testimony”.

Musk specifically accused the regulator of trying to use subpoena powers for “prosecution” and said his recently published biography by Walter Isaacson contained potentially important information, meaning he did not need to appear before a judge.

He also withdrew from the Texas meeting and other proposed dates in October and November.

Before making an offer to buy the company for $54.20 last October. Per share, Musk held a 9.2% stake in Twitter. This exceeded the 5 percent threshold that triggers disclosure requirements.

In April, the SEC sent Musk a letter asking why he did not file the relevant return by the end of March and why he initially stated he would be a passive investor.

Twitter company Ukrinform reported It laid off about 81% of its workforce after billionaire Elon Musk bought it last October.

Photo: Getty Images