Judge Approves Elon Musk's $1.5 Million SEC Settlement Despite Misgivings
A US judge has approved Elon Musk's $1.5 million settlement with the SEC regarding his Twitter takeover disclosures, despite expressing serious misgivings and noting 'red flags.' The settlement resolves the regulator's probe into Musk's actions during the acquisition.
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Judge has ‘serious misgivings’ about a $1.5M fine over Elon Musk’s Twitter takeover - but approves it anyway
Shortly before Trump was inaugurated, federal regulators accused Musk of failing to disclose his growing stake in Twitter on time in 2022, an oversight estimated to have saved him more than $150 million
By Josh Marcus
Read full article →US Court Approves Elon Musk's Settlement With Regulators In Twitter Probe
A federal judge on Wednesday approved the US Securities and Exchange Commission's settlement with Elon Musk over his purchase of Twitter shares.
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