Policy · 1h ago
Judge OKs $1.5M SEC-Musk Settlement Over Twitter Disclosure
A federal judge approved Elon Musk's $1.5 million settlement with the SEC over his delayed disclosure of a Twitter stake. The SEC alleged Musk failed to timely report his 5% ownership, costing investors. The judge noted the fairness is for the public to decide.
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The settlement amount is trivial for Musk, but the case underscores ongoing scrutiny of his disclosure practices.
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Judge approves $1.5 million SEC-Musk settlement over Twitter investment →
Engadget
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