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0.0001875% of his net worth.

Please explain: he caused a damage of 150 m$ and the fine is 1,5 m$? Is it on top of reimbursing the damage or what?

Ah the taste of sweet, sweet justice /s

A $1.5 million fine for costing others $150 million. Wow! Our judicial system sure is a joke. Settlements like this make fines for bad behavior just a cost of doing business. If the fine isn’t larger than the profit it accomplishes nothing!

So he gets to keep the millions from his fraud and only has to pay a $1.5M fine?

Really laying down the law by charging Musk what he earns when he goes to the toilet.

He paid that much for k just yesterday, don't think he fucking cares

Musk agreed to a $1.5 million SEC settlement over a late 2022 Twitter stake disclosure. Different story if you read it through Economic view — paying 1% of the alleged $150 million savings makes stealth stock-building a cheap tactic.

In billionaire math that’s equal to 15 dollars and a slap on the wrist.

If I could rob a bank knowing the max penalty is 1% of the loot.....whaaaat?

And this is why institutional trust is lower than ever..... breaking the rules is meaningless when it has no teeth, no actual consequences

This says the SEC is compromised. But FEK, we knew that already, amirite !!!

These fines are way too low!!! They need to add a billionaire charge of at least $1 billion to these fines.

These WP lackeys, who are forced to write such nonsense, don't even realize that if they were in the same situation, they'd have been in jail long ago. They're infantile idiots.

Complete joke. SEC needs more balls. Paper tiger.

Tsk tsk

$790B net worth $1.5M fine Math: symbolic

Pocket change for Musk.

1% of what they lost thats bullshit

That’s pocket change to him. Outrageous.