Tech mogul Elon Musk , the world’s wealthiest individual with a net worth currently estimated at $659 billion, agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of failing to properly disclose stock he was amassing in Twitter in violation of securities laws. Musk consented to the settlement “without admitting or denying the allegations,” according to the SEC’s legal filing in the U.S. District Court for the DC District, entered Monday (May 4). The settlement also “permanently restrains and enjoins” Musk’s trust “from violating Section 13(d) of the Securities Exchange Act of 1934.” The SEC sued Musk in January 2025, accusing him of failing to properly disclose his initial purchases of ⁠Twitter in early 2022 . The suit alleged Musk’s undisclosed stock purchases cost other Twitter shareholders at least $150 million because they sold shares at lower prices without knowing that Musk was amassing shares in the company.…