JAKARTA Elon Musk, the owner of platform X, finally agreed to testify in the US Securities and Exchange Commission (SEC) investigation. The billionaire will discuss the acquisition of $44 billion worth of Twitter. Reporting from The Verge, this approval came to light after the SEC filed a legal document on Thursday, May 30. The document explains that Musk stopped filing an appeal on a court order and agreed to testify. By giving an agreement, Musk will definitely go to one of the SEC offices. He will be questioned for five hours. The date of the interview was approved by Musk, but not disclosed for confidentiality purposes. The feud between Musk and the SEC has been going on since two years ago when Musk bought Twitter. According to the state agency, Musk did not disclose his ownership properly or in accordance with applicable regulations. The SEC had revealed that Musk used the wrong form. The form Musk content should have been used by passive investors. In addition, Musk also did not announce the purchase of Twitter shares within 10 days.
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Since Musk bought Twitter shares, the SEC investigated the billionaire and tried to call him to testify. The SEC wants to discuss Musk's failure to disclose share ownership, but the owner of X continues to refuse to testify. The SEC also acted further by suing Musk in October last year because he continued to refuse to attend. The institute also accused Musk of deliberately delaying the investigation so that the problem would not be resolved.
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