Musk's Twitter acquisition involved violations, $48 million fine sets new SEC record for similar cases
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Elon Musk has agreed to pay a $1.5 million (approximately NT$48 million) fine to settle a civil lawsuit brought by the U.S. Securities and Exchange Commission (SEC), which accused him of delaying the disclosure of his Twitter (now X) shareholdings in 2022. This fine sets a new record for similar cases handled by the SEC.