Twitter stock deal: Elon Musk to pay $1.5 million fine

 

 

P P Cherian

Washington: Elon Musk has settled a case filed by the US Securities and Exchange Commission regarding his failure to disclose information about his purchase of Twitter (now X) shares in 2022.

A trust in Musk’s name will pay a fine of $1.5 million (approximately Rs 12.5 crore), court documents show. The SEC approached the court in 2025 alleging that Musk failed to disclose his large investment in Twitter within the legal deadline.

The commission had alleged that Musk bought the shares at a low price and thereby saved about $150 million. Settlement: Musk agreed to pay the fine without admitting or denying any wrongdoing. This will end the personal legal proceedings against Musk.

His lawyers said that this is only a small fine and that all charges against Musk have been dropped. Economists see the settlement as part of the commission's more generous stance under the Trump administration.