Elon Musk agrees to pay $1.5 million to settle SEC allegations of improper disclosure of Twitter holdings

Mars Finance News, according to market sources, Elon Musk has agreed to pay $1.5 million to settle charges by the U.S. Securities and Exchange Commission (SEC) related to his failure to properly disclose his increasing Twitter holdings in 2022. It is reported that Musk did not admit to the allegations. Previously, the SEC accused Musk of failing to disclose in a timely manner that his stake in Twitter had exceeded 5% during the acquisition process.

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