Musk won’t have to give up any money he allegedly saved from delaying disclosure of initial purchase of Twitter stock

The SEC and Elon Musk agreed to settle a lawsuit filed by the regulator last year against the world's richest person.

Deal would come at a fraction of the amount regulators originally sought from the world’s richest man

Musk won’t have to give up any money he allegedly saved from delaying disclosure of initial purchase of Twitter stock

Eine Zahlung beendet den Streit mit der Börsenaufsicht: Elon Musk kommt mit 1,5 Millionen Dollar davon. Ein Fehlverhalten räumt der Milliardär nicht ein.

Elon Musk settled a lawsuit filed against him by the SEC for $1.5 million after it accused him of breaking securities laws in his purchase of Twitter.

SEC alleged Musk's late disclosure cheated Twitter investors out of $150 million.