Elon Musk settles SEC lawsuit over delayed Twitter/X stake disclosure for $1.5 million

Judge Sooknanan also noted that SEC lawyers at a prior hearing to discuss the case had appeared surprised when lawyers for Musk revealed that they had been in settlement talks with the agency.

Court refuses to ‘rubber stamp’ $1.5mn deal over Twitter stock disclosure

A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing stake in Twitter Inc.

A federal judge is asking for more information about a proposed settlement between Elon Musk and the US Securities and Exchange Commission, after the billionaire agreed to pay $1.5 million to end a lawsuit alleging he waited too long to disclose his growing stake in Twitter.

Billionaire pays $1.5 million in settlement over disclosures of Twitter stock purchases

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

Tech mogul Elon Musk, the world’s wealthiest individual with a net worth currently estimated at $659 billion, agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of failing to properly disclose stock he was amassing in Twitter in violation of securities laws. Musk consented to the settlement “without admitting […]

Elon Musk Reaches $1.5 Million Settlement With SEC Over Twitter Stake Authored by Aldgra Fredly via The Epoch Times, Tech billionaire Elon Musk on May 4 agreed to pay $1.5 million to resolve a Securities and Exchange Commission (SEC) lawsuit alleging he violated securities laws over the delayed disclosure of his Twitter stake. A filing dated May 4 states that Musk’s revocable trust will pay a civil penalty of $1.5 million to the commission as part of the settlement, subject to approval by the court. According to the filing, once the proposed settlement is approved by the court, the SEC will “file a stipulated dismissal of Elon Musk in his personal capacity, which will resolve this case in its entirety.” The SEC filed the lawsuit in January 2025, alleging that Musk violated federal securities laws by delaying disclosure of his stake in Twitter before his bid to buy the platform in 2022. The regulator said Musk crossed the 5 percent ownership threshold in March 2022, triggering a 10-day deadline to make the holding public. Musk did not disclose his holdings until April 2022, when he had already acquired a more than 9 percent stake in Twitter, according to the filing. The SEC said the delay had allowed Musk to buy shares at “artificially low prices” and enabled him to underpay by at least $150 million for his shares after his beneficial ownership report was due. Musk had previously sought to have the SEC suit dismissed. In August 2025, his lawyers argued that the SEC targeted Musk over his outspoken criticism of the regulator and “government overreach.” Separately, in March, a federal jury held Musk liable for misleading Twitter shareholders by driving down the social media platform’s stock price months before acquiring it. The decision followed a civil class action lawsuit filed by Twitter investors in October 2022. Musk agreed to buy Twitter at $54.20 per share in April 2022 but later sought to back out of the deal, prompting the company to take legal action to enforce the deal. He ultimately completed the acquisition in October 2022 and rebranded Twitter as X. In a verdict on March 20, jurors found Musk liable for misleading investors through two social media posts he shared in 2022. The first post said the deal was “temporarily on hold” pending verification that bots accounted for less than 5 percent of users on the social media platform. In the second post, Musk suggested that the percentage of bots could exceed 20 percent and said the buyout of Twitter could not ​go forward until he received confirmation that it was less ⁠than 5 percent. Musk’s legal team has said they plan to appeal the verdict. Tyler Durden Tue, 05/05/2026 - 08:50

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 […] This story continues at The Next Web

Lawyer describes $1.5 million penalty as a ‘modest sum for the richest person on the planet’

Elon Musk did not admit wrongdoing, and won’t have to give up any of the $150 million he allegedly saved from the delay

Elon Musk does not admit wrongdoing, and Will not have to give up any of the $150 million he allegedly saved from the delay

An SEC spokesperson said the deal, if finalised, would be the largest penalty the agency has levied against an entity or individual for allegedly failing to file a beneficial ownership report on time

The case centres on Elon Musk missing a statutory deadline to notify regulators while building a stake in Twitter before the takeover.

The agency, which has been pulling back on lawsuits against major companies, ended a case that had accused Mr. Musk of hiding his purchases of Twitter stock. He agreed to pay $1.5 million.

The case involves Musk's missing a statutory deadline for notifying regulators as he bought more and more Twitter shares ahead of the takeover. The post Elon Musk agrees to pay $1.5m over Twitter share buying appeared first on Vanguard News.

Musk won’t have to give up any money he allegedly saved from delaying disclosure of initial purchase of Twitter stockSign up for the Breaking News US newsletter emailElon Musk settled the US Securities and Exchange Commission’s civil lawsuit accusing the world’s richest person of waiting too long in 2022 to disclose his initial purchases of stock in Twitter, now known as X.A trust in Musk’s name will pay a $1.5m civil penalty, without admitting wrongdoing. Musk won’t have to give up any money he allegedly saved from the delay. Continue reading...

Elon Musk settled with the SEC in a case that alleged he saved $150 million in 2022 by filing paperwork disclosing purchases of Twitter shares 11 days late.

Last year, the SEC sued Elon Musk over the way his acquisition of Twitter (now X, and a part of SpaceX) started, and today it announced a settlement that looks like a massive bargain, while Musk's own lawsuit against Sam Altman continues to play out. A week before the Trump administration took over, the department […]

The Securities and Exchange Commission (SEC) has reached a settlement with Elon Musk over the delayed disclosure of his stake in Twitter, the platform now known as X, according to court documents. Musk, who purchased X for $44 billion in late 2022, will pay a $1.5 million civil penalty. The settlement resolves a lawsuit filed...

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

Musk did not admit wrongdoing.

Musk won't have to give up any money he allegedly saved from the delay.

A proposed settlement with U.S. regulators would have Musk pay just $1.5 million. He was accused of cheating investors out of $150 million.

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

The case had alleged that Musk failed to timely disclose his buildup of ownership in the social media platform he renamed X.

Elon Musk and the US Securities and Exchange Commission settled the regulator's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.

World’s richest man and owner of social media giant to pay $1.5-million from trust in his name

Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company.