The Securities and Exchange Commission (SEC) defended its settlement with Elon Musk concerning the delayed disclosure of his stake in Twitter, now known as X. This defense came after a judge raised questions about the agreement. In May, the SEC announced that Musk would pay a settlement amount of $1.5 million.
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SEC defends settlement with Musk regarding Twitter stake disclosure
The SEC has publicly supported its settlement with Elon Musk over the late disclosure of his Twitter stake, following inquiries from a judge. The settlement, reached in May, involves Musk paying $1.5 million.
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SEC defends Musk Twitter settlement, saying it reflected ‘compromises’
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SEC defends settlement with Musk regarding Twitter stake disclosure