The U.S. Securities and Exchange Commission (SEC) turned down Elon Musk‘s offer to pay $2,923 for missing a deposition related to his 2022 Twitter purchase. The SEC is now seeking sanctions against the billionaire. What Happened: The SEC is probing whether Elon Musk or his associates engaged in securities fraud in 2022 when Musk sold Tesla shares and increased his stake in Twitter, now rebranded as X, reported Bloomberg on Tuesday. After missing depositions, Musk had proposed to cover the travel expenses of the three SEC lawyers who had flown to Los Angeles for the meeting. In a court filing o…
