Elon Musk settles with the SEC for $1.5 million after years-long dispute over his Twitter investment
Elon Musk has agreed to a $1.5 million settlement with the Securities and Exchange Commission (SEC) to resolve a dispute over his delayed disclosure of acquiring a stake in Twitter. The SEC had accused Musk of intentionally delaying the disclosure, which they claimed saved him over $150 million at the expense of shareholders. This settlement, pending court approval, would conclude a lengthy legal battle that began in 2022. AI
