Electric vehicle company Ideanomics, two former execs, and its current chief executive agreed to pay about $5 million and hire an independent compliance professional to settle allegations made by the Securities and Exchange Commission (SEC) that the company misled the public about its performance.
Ideanomics will pay a $1.4 million penalty, and hire an independent compliance consultant to review, assess, and make recommendations about the company’s internal controls, the SEC announced in a press release Friday.
