The US SEC intends to impose sanctions on Musk for not testifying in court, and Musk's legal adviser says there is no basis for intervention

avatar
MarsBit
09-21
This article is machine translated
Show original
Mars Finance News, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) intends to impose sanctions on Musk because he failed to appear in court as scheduled (September 19, 2024) and provide testimony to the financial regulator about the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to compensate for the expenses lost due to Musk's cancellation of the meeting, as well as other relief that the court may grant to the SEC.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
2
Add to Favorites
Comments