Elon Musk arrives at the U.S. District Court in Oakland, Calif., on April 28, 2026. Godofredo A. Vásquez/AP Photo
Tech billionaire Elon Musk on May 4 agreed to pay $1.5 million to resolve a Securities and Exchange Commission (SEC) lawsuit alleging he violated securities laws over the delayed disclosure of his Twitter stake.
A filing dated May 4 states that Musk’s revocable trust will pay a civil penalty of $1.5 million to the commission as part of the settlement, subject to approval by the court.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
Read Full Article: https://www.theepochtimes.com/business/elon-musk-reaches-1-5-million-settlement-with-sec-over-twitter-stake-6021214/?utm_source=partner&utm_campaign=whatfinger
