Tag archives: SEC

Nikola Corporation agrees to pay $125 million to settle SEC investor fraud case

Photo of Susan Ross (US)By Susan Ross (US) on Posted in General
In December 2021, the Securities and Exchange Commission (“SEC”) announced that Nikola Corporation (“Nikola”) agreed to pay $125 million to settle charges that the company allegedly defrauded investors and misled them about its products, technical advancements, and commercial prospects. Nikola did not admit or deny the SEC’s findings.   Earlier that same year, the SEC filed … Continue reading

Crowdfunding: Advertising an offering’s terms on social media

Photo of Caleb Segrest (US)By Caleb Segrest (US) on Posted in General
Background The Securities and Exchange Commission (“SEC”) adopted the final rules of Regulation Crowdfunding (the “Regulation”) on October 30, 2015. While the final rules have been adopted, they do not become effective until May 16, 2016. The Regulation is meant to expound upon Sections 4(a)(6) and 4A of the Securities Act of 1933 (the “Act”), … Continue reading
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