The Securities and Exchange Commission (SEC) has filed a court order seeking to compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now known as X. Despite being served with an investigative subpoena and initially agreeing to testify, Musk failed to appear on September 15, raising objections to the location of the testimony.

JUST IN: Elon Musk calls for the overhaul of agencies like the SEC & calls for the punishment of people at these agencies who abuse their power for political reasons.

Good, let's do this for all 3-letter agencies.

The comment from Musk came on X in response to the news that the… pic.twitter.com/XwazVSVltM

— Collin Rugg (@CollinRugg) October 5, 2023

Musk's attorney claims that the SEC has already taken his testimony multiple times and argues that the investigation is misguided. The SEC's investigation centers around whether securities laws were violated in connection with Musk's purchases of Twitter stock and his statements and SEC filings related to the company. A lawsuit filed by Twitter shareholders alleges that Musk illegally delayed disclosing his stake in the company, hurting less wealthy investors. U.S. District Judge Andrew Carter rejected Musk's attempt to dismiss the case but dismissed part of the lawsuit alleging insider trading. The SEC argues that it has the authority to conduct investigations and that Musk has no basis to refuse to comply with the subpoena. A hearing on the matter is tentatively scheduled for November 9 in San Francisco.