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215 Musk settles SEC Twitter-disclosure case for $1.5m, the maximum penalty for the violation

The Next Web
Ana-Maria Stanciuc @ The Next Web · today 06:10 EDT

After four years of litigation, Elon Musk has agreed to pay a $1.5m civil penalty over his late 2022 Twitter stake disclosure. The harm to other shareholders, the SEC alleged, was $150m. Elon Musk has, after nearly four years of litigation, settled the Securities and Exchange Commission’s case against him over his late disclosure of […]
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