Musk and SEC Defend Settlement Over Twitter Shares
Elon Musk and the SEC defended their settlement regarding his delayed disclosure of Twitter shares as a fair compromise. The agreement involves a 1.5 million dollar penalty and follows judicial concerns about the public interest and fine size.
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Elon Musk and the United States SEC defended a $1.5 million settlement regarding his delayed disclosure of Twitter share purchases. The deal resolves claims that Musk waited 11 days too long to report his 2022 stake. A judge's approval would end years of litigation over Musk's $44 billion acquisition of the social platform.
