<div id="readability-page-1"><div id="ArticleBody-InlineImage-108249952"><div><div><p>Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025.</p><p>Brendan Smialowski | Afp | Getty Images</p></div></div></div><div><p>Elon Musk is in talks with the ​Securities and ‌Exchange Commission to settle a lawsuit filed by the regulator last year, accusing the world's richest person of violating securities law in the run up to his Twitter buyout. </p><p>In a court ⁠filing on Tuesday, the SEC revealed that it's &#34;engaged in discussions of a potential resolution that would mean further ⁠proceedings might not be necessary&#34; with Musk.</p><p>The SEC initially filed the suit in January 2025, and the case is proceeding in a federal court in Washington, D.C. A separate class action lawsuit filed by former Twitter investors against Musk is now winding its way through a federal court in San Francisco, with a jury expected to deliberate soon.</p><p>Musk, who is also CEO of <span id="RegularArticle-QuoteInBody-2">Tesla<span><span id="-WatchlistDropdown"></span></span></span> and SpaceX, purchased Twitter for $44 billion in late 2022 and changed the name to X the following year. Prior to the acquisition, he'd built up a position in the company of greater than 5%, which would've required disclosing his holdings to the public within 10 calendar days of reaching that threshold. He was late to file that disclosure.</p><p>The SEC said in its complaint that Musk's failure to disclose the stake allowed him to buy shares at &#34;artificially low prices,&#34; putting other investors at a disadvantage.</p><p>Attorneys for Musk and the SEC didn't immediately respond to a request for comment.</p><p>Musk previously settled civil securities fraud charges brought by the SEC at <span id="RegularArticle-QuoteInBody-4">Tesla<span><span id="-WatchlistDropdown"></span></span></span>. Musk and his auto company each had to pay $20 million in fines, and Musk had to temporarily relinquish his role as chairman of the Tesla board.</p><p><strong>WATCH:</strong> Musk merger complicates SpaceX IPO</p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

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<p>Elon Musk is in discussions with the SEC to settle a lawsuit accusing him of failing to disclose his stake in Twitter before its acquisition in 2022. The SEC claims Musk's late disclosure allowed him to buy shares at lower prices, disadvantaging other investors. The lawsuit was filed in January 2025, and a related class action lawsuit from former Twitter investors is ongoing. Musk previously settled similar charges with the SEC regarding Tesla.</p>

- Elon Musk is in discussions with the Securities and Exchange Commission (SEC) to settle a lawsuit regarding alleged securities law violations related to his Twitter buyout.  
- The SEC filed the lawsuit in January 2025, claiming Musk's delayed disclosure of his ownership stake disadvantaged other investors.  
- A separate class action lawsuit by former Twitter investors against Musk is also underway in federal court, with jury deliberations expected soon.

Elon Musk and SEC in talks to settle lawsuit over Twitter deal