SEC says Musk should be sanctioned if he keeps dodging Twitter depositions

Elon Musk is facing scrutiny from the Securities and Exchange Commission for failing to appear for a deposition related to his 2022 Twitter acquisition. The SEC has asked a federal judge to sanction Musk if he continues to avoid the deposition. Musk’s attorney argues that rescheduling the deposition should be allowed in case of emergencies. Additionally, Musk is facing a civil lawsuit from the Oklahoma Firefighters Pension and Retirement System, accusing him of concealing his investments in Twitter. Discovery from the lawsuit revealed correspondence indicating that Musk’s Twitter stock-buying strategy was closely held.