Elon Musk is facing potential sanctions from the US Securities and Exchange Commission (SEC) after he reportedly failed to appear for a scheduled testimony regarding his acquisition of Twitter, now known as X.  According to a post by X Daily News (@xDaily), the SEC claims that Musk cancelled his September 10 testimony, citing urgent SpaceX business. The SEC claims Musk violated a court order about his inability to attend the September 10 hearing. The SEC accused Musk after he failed to notify them until 3 hours before the scheduled testimony. The SEC now seeks meaningful conditional relief if Musk misses his rescheduled October date. X Ban in Brazil: Elon Musk-Run Company Fulfills One of Court’s Requirements To Withdraw Ban, Names Legal Representative in Country.

SEC Plans To Seek Sanctions Against Elon Musk Over Missed Testimony in Twitter Takeover Case

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