- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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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.
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