Elon Musk settles with the SEC for $1.5 million after years-long dispute over his Twitter investment

Elon Musk has reached a settlement with the Securities and Exchange Commission (SEC) after a years-long dispute with the regulator over the timing of his disclosure that he had acquired a significant stake in Twitter. Musk agreed to pay a $1.5 million fee without admitting wrongdoing in exchange for the SEC dropping its case, the regulator said.

If the settlement is approved by a court, it will bring to an end the drawn out battle over how he began his $44 billion takeover of Twitter in 2022. The SEC began investigating Musk that same year over his 11-day delay in disclosing that he had acquired a more than 5 percent stake in the company. That lag, the SEC argued in a lawsuit, ultimately saved Musk more than $150 million at the expense of Twitter shareholders.

During the course of its investigation, the SEC accused Musk ...