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ndtv.comtechnology9 hrs agoUpdated
Judge Approves $1.5 Million SEC Settlement With Musk Trust Without Admission of Wrongdoing
U.S. District Judge Sparkle Sooknanan approved a consent judgment on July 8, 2026, requiring a trust in Elon Musk's name to pay a $1.5 million civil penalty. The settlement resolves an SEC lawsuit alleging untimely disclosure of Twitter stock purchases in 2022.