Elon Musk has agreed to pay a $1.5 million fine to settle a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) regarding his acquisition of Twitter in 2022. The lawsuit accused Musk of failing to notify regulators within the required timeframe after acquiring more than five percent of Twitter shares, which he did 11 days late. This delay reportedly allowed him to purchase shares at lower prices, saving him approximately $150 million at the expense of other shareholders. Musk's attorney, Alex Spiro, stated that the settlement is not an admission of wrongdoing and that Musk has been cleared of all related issues. The case will be dismissed against Musk personally if the settlement is approved by a judge. This settlement follows a separate trial in California where a jury found Musk had misled Twitter investors during the acquisition process, with potential damages estimated at $2 billion. Musk has a history of settling with the SEC, having previously paid $20 million in 2018 over claims related to misleading statements about taking Tesla private.