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Elon Musk Agrees to Pay $1.5M to Settle SEC Allegations Over Twitter Stock Disclosure

GateNews

2026-05-05 01:02:15

According to Cointelegraph, Elon Musk agreed to pay $1.5 million to settle U.S. Securities and Exchange Commission (SEC) allegations regarding his failure to properly disclose his increasing Twitter stake in 2022. Musk did not admit to the allegations. The SEC had charged him with failing to timely disclose that his shareholding exceeded 5 percent during his acquisition of Twitter shares in 2022.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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