[The US SEC intends to impose sanctions on Musk because he did not appear in court to provide testimony on the Twitter acquisition case] Golden Finance reported that the US SEC intends to impose sanctions on Musk because he failed to appear in court as scheduled (September 19, 2024) and provide testimony to financial regulators about the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to compensate for travel expenses lost due to Musk's cancellation of the meeting, as well as "all other relief" that the court may grant to the SEC. Musk's legal counsel emphasized that the SEC has accepted the request to reschedule the meeting to October 3, 2024 in Los Angeles, California, and believes that the court's intervention is unnecessary. The letter explained that the only reason Musk was absent from the previous meeting was an emergency, and assured the court that he would attend the October meeting.