The Globe and Mail reports in its Tuesday edition that Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing him of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X. A Reuters dispatch to The Globe reports that a trust in Mr. Musk's name will pay a $1.5-million (U.S.) civil penalty without admitting wrongdoing, and he won't have to return any money he allegedly saved from the delay. The settlement was disclosed in Washington federal court on Monday. In its January, 2025, lawsuit, the SEC said Mr. Musk's 11-day delay in revealing his initial 5-per-cent Twitter stake in late March and early April, 2022, let him buy more than $500-million (U.S.) of shares at artificially low prices, before he finally revealed a 9.2-per-cent stake. The SEC had argued Mr. Musk should pay a civil fine and repay the $150-million (U.S.) he allegedly saved at the expense of unsuspecting investors. Mr. Musk called the delay inadvertent, and accused the SEC of violating his free speech rights by targeting him. His lawyer said, "Mr. Musk has now been cleared of all issues related to the late filing of forms in the Twitter acquisition, as we said from the outset he would be."