Elon Musk has faced many lawsuits since acquiring Twitter, the company known as X, but now the US Securities and Exchange Commission is suing the billionaire for failing to respond to a subpoena regarding further information into his purchase.
The Wall Street regulator is investigating potential violations of US securities laws regarding Mr Musk's $44 billion deal with the social media platform.
The SEC filed the lawsuit in the US District Court in northern California though stated that as the investigation is ongoing, it's not yet concluded if any laws were actually violated.
Tensions between the regulator and Mr Musk date back a few years now when the commission first filed a lawsuit against him back in 2018.
At the time, the settled fraud charge cost Elon Musk his role as Tesla chair and a $20 million penalty.
