Judge approves $1.5 million SEC-Musk settlement over Twitter investment
Engadget | 09.07.2026 04:34
In 2022, the US Securities and Exchange Commission under former chair Gary Gensler brought a case against Elon Musk regarding his acquisition of Twitter. The regulator questioned Musk's 11-day delay in revealing his previous investments in the social media platform, arguing that the wait allowed the entrepreneur to increase the size of his share before making the purchase, saving him as much as $150 million at the expense of the platform's shareholders.
