AI Summary

A Washington, D.C. district court judge, Sparkle L. Sooknanan, expressed “serious misgivings” and “red flags” about the U.S. Securities and Exchange Commission’s $1.5 million settlement with Elon Musk. The settlement relates to a case accusing the world’s richest person of avoiding stock‑disclosure rules and allegedly saving $150 million at public shareholders’ expense. Despite the judge’s concerns, she signed off on the agreement, which the SEC has described as unprecedented in its terms.

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