SEC in the news: approving Musk-Twitter settlement; shaping high-leverage ETFs; grills on quarterly reporting ideas. Keeps big players in check, with oversight bite.
The SEC has secured a settlement requiring the Elon Musk Revocable Trust to pay a $1.5 million civil penalty for late disclosure of a 2022 Twitter stake. The trust would be permanently restrained from violating Section 13(d), and Musk’s personal claims are dismissed. The judge has not yet approved the agreement.