SoatDev IT Consulting
SoatDev IT Consulting
  • About us
  • Expertise
  • Services
  • How it works
  • Contact Us
  • News
  • May 30, 2024
  • Rss Fetcher
Elon Musk in front of the Twitter logo.
Illustration by Kristen Radtke / The Verge; Getty Images

Elon Musk has agreed to testify in the Securities and Exchange Commission’s investigation into his $44 billion acquisition of Twitter. A legal document filed on Thursday shows that Musk waived his right to appeal a court order that requires him to testify.

This means Musk will have to appear at one of the SEC’s offices for an up to five-hour interview. The document says Musk and the SEC have already agreed to a date, but it’s not disclosed “for confidentiality purposes.”

In 2022, the SEC opened an investigation into Musk’s failure to properly disclose his stake in Twitter. But the SEC filed a lawsuit against Musk last October after he refused to testify in the agency’s probe. The SEC claims Musk “abruptly notified the SEC staff that he would not appear” two days before his scheduled deposition and refused to testify at a later date. Earlier this year, the SEC accused Musk of trying to delay the investigation.

Musk has butted heads with the SEC several times in the past, accusing the agency of “unrelenting” harassment and of stifling his free speech.

Previous Post
Next Post

Recent Posts

  • An investor makes a case for funding sex, drugs and other socially taboo products
  • Noventiq & AWS Partners with MoIAT to Accelerate Industrial Digital Transformation
  • How to Kill Floundering Experiments and Drive an AI Learning Culture
  • BankservAfrica, Change Logic Introduce Framework to Mitigate Interbank Risks
  • Why is Compliance the Key to Africa’s Crypto Future

Categories

  • Industry News
  • Programming
  • RSS Fetched Articles
  • Uncategorized

Archives

  • June 2025
  • May 2025
  • April 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023

Tap into the power of Microservices, MVC Architecture, Cloud, Containers, UML, and Scrum methodologies to bolster your project planning, execution, and application development processes.

Solutions

  • IT Consultation
  • Agile Transformation
  • Software Development
  • DevOps & CI/CD

Regions Covered

  • Montreal
  • New York
  • Paris
  • Mauritius
  • Abidjan
  • Dakar

Subscribe to Newsletter

Join our monthly newsletter subscribers to get the latest news and insights.

© Copyright 2023. All Rights Reserved by Soatdev IT Consulting Inc.