U.S. Securities and Exchange Commission

charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private.

The SEC also today charged Tesla with failing to have required disclosure controls and procedures

Musk and Tesla will each pay a separate $20 million penalty.

Musk will step down as Tesla’s Chairman and be replaced by an independent Chairman.

Musk and Tesla have agreed to settle the charges against them without admitting or denying the SEC’s allegations.

charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firm’s receipt of payments from trading firms for routing customer orders to them

Robinhood agreed to pay $65 million to settle the charges.

Without admitting or denying the SEC’s findings, Robinhood agreed to a cease-and-desist order prohibiting it from violating the antifraud provisions of the Securities Act of 1933

today charged Boston-based State Street Bank and Trust Company with misleading its investors about their exposure to subprime investments while selectively disclosing more complete information to specific investors.

Under the terms of the settlement, State Street agreed to pay a $50 million penalty, more than $8.3 million in disgorgement and prejudgment interest, and more than $255 million in additional payments to compensate investors.

Without admitting or denying the allegations of the complaint, State Street consented to the entry of a final judgment

BlackRock agreed to settle the charges and pay a $12 million penalty.

BlackRock breached its fiduciary duty by failing to disclose a conflict of interest

without admitting or denying the findings herein

agreed to pay $12 million to settle charges that it conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.

without admitting or denying the findings herein

State Street has agreed to pay $167.4 million in disgorgement and penalties to the SEC, a $155 million penalty to the Department of Justice, and at least $60 million to ERISA plan clients in an agreement with the Department of Labor.

Respondent admits the facts set forth below:

Without admitting or denying the findings, Citadel Securities agreed to be censured and pay $5.2 million in disgorgement of ill-gotten gains plus interest of more than $1.4 million and a penalty of $16 million.

The SEC’s order finds that Citadel Securities, which has since discontinued the two algorithms at issue, violated Section 17(a)(2) of the Securities Act from late 2007 through January 2010.

has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements

Through its conduct described above, BlackRock violated Rule 21F-17 under the Exchange Act.

without admitting or denying the findings herein

BlackRock Fund Advisors has agreed to pay a $1.5 million penalty to settle charges that it caused an exchange-traded fund (ETF) it advised to violate the Investment Company Act

pay a civil monetary penalty in the amount of $1,500,000.00 to the Securities and Exchange Commission

without admitting or denying the findings herein

State Street Global Markets LLC, State Street Global Advisors Funds Distributors LLC, and State Street Bank and Trust Company agreed to pay a $32.3 million penalty to settle the fraud charges for the hidden transition services markups

State Street Bank and Trust Company agreed to pay a $3 million penalty without admitting or denying the findings that its GovEx-related disclosure failures violated Section 17(a)(2) of the Securities Act of 1933.

Respondents admit the Commission’s jurisdiction over them and the subject matter of these proceedings

ADMINISTRATIVE PROCEEDING File No. 3-18158

has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets.

Without admitting or denying the SEC's findings, State Street agreed to cease and desist from committing or causing any future violations of these provisions, to pay disgorgement and prejudgment interest of $48.78 million

ADMINISTRATIVE PROCEEDING File No. 3-19221

To settle the charges, BlackRock agreed to pay a $2.5 million penalty.

failed to accurately describe a BIT investment in periodic reports filed with the Commission over a five-year period.

without admitting or denying the findings herein

and a $13.5 million civil penalty, for a total amount of $106.41 million to be distributed to affected investors through a Fair Fund.

These proceedings arise out of misleading statements by Vanguard concerning potential tax consequences to investors in the Vanguard Investor Target Retirement Funds

without admitting or denying the findings herein

Because the court in the class action rejected the settlement, Vanguard was required to pay the additional $40 million to the Fair Fund.

The Fair Fund includes the $146,410,000.00 collected from the Respondent.

failing to adequately disclose conflicts of interest when recommending to prospective clients

Respondent shall pay a civil monetary penalty totaling $19,500,000 as follows:

without admitting or denying the findings herein

This is a report of the Staff of the U.S. Securities and Exchange Commission.