Judge Approves $1.5M Penalty for Elon Musk in SEC Lawsuit

A US judge has approved a $1.5 million penalty for Elon Musk in a SEC lawsuit, despite expressing significant misgivings about the settlement. The penalty relates to Musk's handling of his Twitter takeover in 2022.

WallStreetBets Slams SEC's Proposal to Weaken Quarterly Reporting

The popular subreddit argues that the proposed rule change would decrease transparency and hurt retail investors, citing the importance of quarterly financial filings as a leveling mechanism between retail and institutional investors.