Elon Musk faces a challenging scenario in his attempt to contest the U.S. Securities and Exchange Commission (SEC).
On Oct. 5, the SEC announced legal action that aims to force Musk to comply with a subpoena and provide testimony regarding his acquisition of Twitter (now X). Musk received that subpoena in May and attempted to avoid the order. He submitted an objection just days before a September hearing date that he did not attend.
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