By Jeff Dale2024-10-08T18:08:00
Electric vehicle maker Fisker is under investigation by the Securities and Exchange Commission (SEC) over potential violations of federal securities laws related to the preservation of records and documents involving its Chapter 11 bankruptcy filing.
The SEC objects with the company’s bankruptcy plan because it doesn’t “adequately preserve the commission’s police and regulatory powers with respect to its pending investigation (including the preservation and production of corporate records) and possible future actions alleging violations of the federal securities laws,” the agency said in a filing Friday in U.S. Bankruptcy Court for the District of Delaware.
The company is facing multiple subpoenas, the SEC noted.
2024-07-08T14:05:00Z By Adrianne Appel
Vroom, the former online used car dealer, agreed to pay $1 million to settle allegations by the Federal Trade Commission that it didn’t abide by consumer protection laws, including providing prompt refunds.
2022-01-12T19:23:00Z By Jaclyn Jaeger
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, said it received a subpoena from the Securities and Exchange Commission regarding allegations raised in a short seller report in late September.
2020-10-19T17:51:00Z By CW Staff
Electric car maker Fisker announced the appointment of John Finnucan as chief accounting officer.
2025-09-26T19:28:00Z By Oscar Gonzalez
Amazon settled a complaint with the U.S. Federal Trade Commission Thursday over allegedly enrolling consumers into its Amazon Prime subscription and making it difficult to cancel. The FTC says the amount of the settlement is one of the biggest in its history.
2025-09-25T21:24:00Z By Ruth Prickett
Two of the biggest banks in Australia are under fire for major compliance and cultural failings. ANZ and National Australia Bank are facing intense scrutiny over misconduct ranging from mistreating customers to underpaying staff.
2025-09-23T20:42:00Z By Oscar Gonzalez
The U.S. Supreme Court temporarily allowed President Trump to remove a Federal Trade Commission commissioner without cause on Monday, setting up a final battle over whether he can dismiss commissioners despite congressional rules.
Site powered by Webvision Cloud