Musk Seeks To Block SEC Subpoena In Twitter Probe

November 4, 2023 Business, Crackpots

Ars Technica reports:

Elon Musk’s attempt to avoid testifying in a Twitter stock-purchase investigation continued yesterday with Musk asking a court to block a subpoena issued by the Securities and Exchange Commission.

Musk’s filing in US District Court for the Northern District of California claimed the SEC is “harassing” him, exceeding its authority to investigate, and making “overly burdensome” demands for “irrelevant evidence.” The filing comes about a month after the SEC sued Musk to force him to testify.

The agency said it is trying to determine whether “Musk violated various provisions of the federal securities laws.” Musk failed to appear for testimony on September 15 despite previously agreeing to appear on that date, the SEC said.

Read the full article.

Elon Musk fights SEC’s Twitter-stock probe, claims it “reeks of McCarthyism” https://t.co/DIw7mNmXz4

— Ars Technica (@arstechnica) November 3, 2023