Elon Musk will settle the feds’ Twitter lawsuit with pocket change

The SEC is settling its Twitter stock disclosure case over Elon Musk’s delayed stake reporting.

Musk’s revocable trust was added as a defendant, and the case will end with a $1.5 million civil penalty.

The agreement includes no admission of wrongdoing and would dismiss Musk personally if approved by the court.

The settlement closes a high-profile market disclosure dispute involving Musk’s large Twitter stake.