The SEC is sick of Elon Musk’s attempts to delay its Twitter investigation

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An image of Elon Musk in a tuxedo making an odd face. The background is red with weight scales on it.
The SEC claims that Musk “has done everything he can to delay the completion of this matter.” | Image: Kristen Radtke / The Verge; Getty Images

The officials assessing whether Elon Musk violated federal securities law during his acquisition of Twitter are growing tired of his alleged attempts to stall their investigation. In a new filing on Wednesday, the US Securities and Exchange Commission (SEC) accused Musk of trying to “misrepresent” the scope of its investigation, claiming that he “persists with baseless constitutional objections” against its attempts to make him testify.

The SEC has been scrutinizing Musk since 2022 over his delay in disclosing a substantial stake in Twitter. Musk had purchased before initiating his acquisition of the social media platform on April 14th. According to the SEC, while Musk testified twice that year, he has since fought against a third and...

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source https://www.theverge.com/2024/3/14/24100847/elon-musk-sec-investigation-delay-twitter-disclosure

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