Similar Stories to Sec Is Unhappy That Elon Musk Did Not Give Testimony To The Financial Regulator To Attend A Spacex Launch on Bing News

Elon Musk has a fraught history with the US Securities and Exchange Commission. Slaven Vlasic/Getty ImagesThe US Securities and Exchange Commission isn't happy with Elon Musk.The financial regulator thinks Musk blew off court-ordered testimony to attend a SpaceX launch, according to a court filing.Musk's lawyer said the launch timing constituted an emergency and that sanctions are a "drastic action."The US Securities and Exchange Commission wants a federal judge to show Elon Musk that there will be serious costs if he blows off court-ordered testimony in the agency's probe of his takeover of Twitter, according to court documents filed Friday."Without further action by the Court, nothing deters Musk from violating the May 31, 2024 Order again by simply failing to show up for that date," Robin Andrews, an SEC attorney, wrote in a court filing.For now, the SEC does not want to sanction Musk; it just wants the X owner to know that he will face repercussions if he misses his now-rescheduled testimony early next month.The commission is investigating Musk's 2022 acquisition of Twitter, later rebranded as X.

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