Elon Musk received summons in the SEC suit to open Twitter

Elon Musk I received a summoning of court last week regarding the SEC judicial case regarding his estimated failure to correctly disclose the purchases of shares on Twitter in 2022 before giving up to buy the company, according to a submission on Thursday.

The process server delivered Musk’s civic summons on March 14, at the SpaceX headquarters in Brownies, Texas, the submission said. The server noted that, after arriving at the SpaceX facility, three different guards refused to accept the documents and one told him that he was leaving. He “put the documents on the ground” and left as the guards filmed him and his car.

The prizes are referring to a case on the possible purchase of Musk on Twitter, now known as X, for $ 44 billion in 2022. Before acquisition, Musk built a position in the company with a greater than 5%, which would require to reveal its possessions to the public within 10 calendar days of reaching this threshold.

According to SEC civil complaintFiled in the US District Court in Washington, Colombia District, Musk was late for more than 10 days in January, reporting on this material information, “allowing him to lift at least $ 150 million for shares he has purchased after his financially beneficial property report is due.”

After taking on Twitter, Musk uses the platform to promote the then candidate and now President Donald Trumpand other Republican candidates and causes. Musk, who is also CEO of TeslaHe spent about $ 290 million to help Trump return to the White House and now serves in the administration as a top adviser to the president.

The response to Musk or his attorneys is forthcoming on April 4. Musk has the opportunity to reject until that date.

The partner of SEC, Elon Musk and Quinn Emanuel Alex Spiro, his lawyer, did not respond immediately to requests for comment.

Trump’s White House is directed deep cuts In the budget and employees of the independent federal regulatory agencies, including SEC. The regulator offered $ 50,000 to many of its employees, encouraging them to resign or retire by March 21.

Trump’s administration also has inverted A 15-year policy that allowed the Director of the law enforcement of the SEC to issue official investigation orders. The agency will now require requests for official investigation orders to be submitted and approved by a vote by SEC commissioners, a change that can delay the probes like the one that led to the SEC case against Musk.

Previously, Musk arranged charges of civil securities fraud raised by SEC in Tesla, his car business. On this issue, Musk and Tesla had to pay $ 20 million fines, and Musk had to temporarily give up his role as chairman of the Tesla board.

Watch: Ron Baron of Elon Musk