Elon Musk Agrees to $1.5 Million Settlement with SEC Over 2022 Twitter Disclosure Delay

Tue, 05 May 2026 05:13:00 +0200

On May 4, 2026, billionaire Elon Musk reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve a civil lawsuit concerning his 2022 acquisition of Twitter, now rebranded as X. The legal action centered on allegations that Musk failed to adhere to mandatory disclosure timelines regarding his initial buildup of ownership shares in the platform. Under the terms of the settlement, a trust established under Musk's name will pay a $1.5 million civil penalty to the regulator. Significantly, as part of the agreement, Musk does not admit to any wrongdoing regarding the delayed filings. This settlement concludes a contentious period of litigation that had seen Musk unsuccessfully attempt to dismiss the charges earlier in the year. The resolution marks a final point in a series of regulatory hurdles Musk has faced regarding his business practices and social media presence. While the agreement has been signed by legal representatives from both sides, it remai