The SEC is investigating Elon Musk's initial investment in Twitter and his eventual takeover.
"The SEC seeks Musk's testimony to obtain information not already in the SEC's possession that is relevant to its lawful investigation," the agency said.
"The SEC has followed all appropriate administrative steps required in seeking Musk's testimony.
Musk's lawyer, Alex Spiro, told Insider: "The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation — enough is enough."
AdvertisementAdvertisement'Spurious objections'"Instead, two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear," the SEC said.
Persons:
Elon, Musk, Alex Spiro, —, it's, Musk's, San, Elon Musk, Walter Isaacson
Organizations:
SEC, Twitter, eventual, Service, Securities and Exchange Commission
Locations:
California, San Francisco