On May 5, market sources reported that Elon Musk has agreed to pay $1.5 million to settle allegations from the U.S. Securities and Exchange Commission (SEC) regarding his failure to properly disclose his increasing stake in Twitter in 2022. It is noted that Musk did not admit to the allegations. Previously, the SEC accused Musk of failing to timely disclose that his holdings had exceeded 5% during the acquisition of Twitter shares.
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