SEC defends Musk settlement over Twitter, saying it reflects ‘compromises’

The US Securities and Exchange Commission defended its settlement with Elon Musk over his purchase of Twitter shares, saying it reflected “compromises” and was not tainted by collusion, after the judge overseeing the case said the accord raised “red flags.”

In a filing in the Washington, D.C. federal court, the SEC also said in a footnote that the settlement if approved will allow Musk to publicly deny its accusations, reflecting a recent policy ‌change governing defendants ⁠who settle ⁠enforcement actions.