U.S. securities law requires disclosure within 10 days of acquiring 5% of a company, and in Musk's case the 10-day deadline was March 24. A late report could lead to a per-violation civil penalty of up to $207,183, according to Urska Velikonja, a law professor at Georgetown University Law Center.
200k/2 bln = ~0.01%
Why do we have fines not proportional to the actions on which a person breaks the law?
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