US SEC intends to seek sanctions against Elon Musk in Twitter probe

Quick Summary:

Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for scheduled testimony for the regulator's probe into his $44 billion takeover of Twitter.

Musk's lawyers called sanctions "drastic" and unnecessary, saying his testimony has already been rescheduled.

In a court filing, the SEC said the sanctions motion would seek an order to show case for why Musk should not be held in civil contempt.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: File Twitter Experience Photo: Sanctions Mediacorp Musk Elon Seek Testimony Spacex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 04:03:26 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 172 words

Reading Time: 1 minutes read

Sentences: 23 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22625792

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

Headquarters: Singapore

News Last Updated: 23 minutes ago

Coverage Areas: Singapore

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Publisher ID: #27

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