SEC proposes consent judgment with Musk trust

Event 27 of 30 in How Twitter and X unfolded

The event

4 May 2026

Settlement

SEC proposes consent judgment with Musk trust

The SEC added Musk's revocable trust as a defendant and filed a proposed consent judgment for a $1.5 million civil penalty, without admission or denial, after which it said it would dismiss Musk personally.

$1.5 million proposed SEC civil penaltyUS Securities and Exchange Commission Open event

Sources and context

A settlement is not by itself an admission of wrongdoing.

SEC Amends Complaint and Files Proposed Final Judgment Against Trust (LR-26548)Source · US Securities and Exchange Commission

Sources for this event

SEC Amends Complaint and Files Proposed Final Judgment Against Trust (LR-26548) US Securities and Exchange Commission

Before · 16 Feb 2026
DSA fine challenged at EU General CourtAfter · 15 Jun 2026
SpaceX, parent of X, completes its IPO

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