Elon Musk Settles SEC Lawsuit Over Twitter Stock Disclosure for $1.5 Million
Elon Musk has settled a lawsuit with the U.S. Securities and Exchange Commission (SEC) over alleged failure to disclose his purchase of Twitter stock in 2022. The settlement involves a $1.5 million civil penalty, significantly less than the $150 million the SEC claimed Musk saved by not disclosing the stock purchase. The case involves the Elon Musk Revocable Trust as a defendant.
Topics: disclosure rules Elon Musk legal action SEC settlement Twitter/X