Elon Musk Settles SEC Lawsuit Over Twitter Share Disclosures for $1.5 Million USD

SummaryElon Musk has agreed to pay a $1.5 million civil penalty to settle a lawsuit with the Securities and Exchange Commission (SEC) over his 2022 Twitter share purchasesThe SEC initially sued Musk in January 2025, alleging he missed the legal 10-day deadline to disclose that his stake in the company had surpassed 5%According to the regulator, the delayed disclosure allowed Musk to buy shares at a discount behind the scenes, costing Twitter shareholders over $150 million USDThe long-running leg...