SEC Escalates Legal Action Against Elon Musk Over Twitter Acquisition Probe

TLDR: SEC seeks sanctions against Elon Musk for missing court-ordered testimony on Twitter purchase Musk faces potential arrest if found in contempt of court SEC investigating possible securities fraud in Musk’s Twitter acquisition Musk accused of delay tactics and non-compliance with SEC investigations Legal battles extend to EU content regulation issues for Twitter/X The Securities [...] The post SEC Escalates Legal Action Against Elon Musk Over Twitter Acquisition Probe appeared first on Blockonomi.