Elon Musk has reached a settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to pay $1.5 million following a dispute over his late disclosure of acquiring a significant stake in Twitter. The SEC initiated an investigation after Musk delayed announcing that he had purchased more than 5 percent of Twitter, which the agency argued saved him over $150 million at the expense of shareholders. Musk has denied any wrongdoing and characterized the SEC's actions as harassment, particularly targeting former SEC chair Gary Gensler. This settlement, pending court approval, marks the end of a lengthy legal battle regarding Musk's $44 billion acquisition of Twitter in 2022. According to reports, the penalty is the largest the SEC has imposed for this type of violation.