Musk agrees to pay $1.5 million to settle the case with the U.S. Securities and Exchange Commission regarding his tweets.

Musk has agreed to pay $1.5 million to settle charges by the U.S. Securities and Exchange Commission. The SEC alleged that he failed to timely disclose an increase in his ownership in Twitter in 2022, which harmed shareholders' interests. According to documents filed on Monday, the fine will be paid by a revocable trust under Musk's name to settle the SEC's lawsuit, which still requires court approval. The documents show that Musk did not admit to the regulatory agency's charges. This fine amount is much lower than what Musk's lawyers said the SEC initially demanded. According to a letter from Musk's lawyer to the regulatory agency seen by Bloomberg News, the SEC in December 2024 requested Musk to pay over $200 million to settle. The SEC filed the lawsuit in January 2025, just days before Trump took office, accusing Musk of failing to disclose his ownership of over 5% of Twitter within the prescribed deadline. The regulatory agency stated that this delay caused Twitter shareholders to lose over $150 million. Musk later acquired the company in 2022 and renamed it X. An SEC spokesperson said that if the agreement is finalized, this would be the largest fine imposed by the agency for failure to timely submit beneficial ownership reports by an individual or entity.