Elon Musk settles SEC lawsuit over Twitter stock disclosure, paying $1.5m fine without admitting wrongdoing.

Elon Musk agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of delaying disclosure of his initial Twitter stock purchase in 2022. The SEC alleged Musk waited 11 days to reveal his stake, allowing him to buy shares at lower prices, but Musk did not admit wrongdoing and will not return any alleged savings. This settlement, the largest SEC fine for this type of violation, closes the case without Musk forfeiting money saved from the delay. The lawsuit is separate from another case where Musk was found liable for defrauding Twitter shareholders over bot-related takeover price disputes.