Elon Musk appears in the courthouse to attend the trial in his lawsuit over OpenAI for-profit conversion at a federal courthouse, in Oakland, California, U.S., April 29, 2026. Manuel Orbegozo | Reuters The Securities and Exchange Commission agreed to settle a lawsuit it filed against Elon Musk last year that accused the world's wealthiest person of violating securities law in the run-up to his purchase of Twitter. Filings on Monday, signed by attorneys representing the SEC and Musk, said that Musk's revocable trust would pay a civil penalty of $1.5 million to the commission as part of the settlement. The settlement still needs sign-off by the judge presiding over the case. Alex Spiro, an attorney for Musk, said the result vindicated his client, writing in a statement that, "A trust vehicle has agreed to a small fine for being late on one filing." The SEC didn't immediately respond to a request for comment.…