Fisker Faces SEC Probe Amid Bankruptcy Proceedings

The SEC is investigating Fisker's pre-bankruptcy activities and has objected to the company's liquidation plan.

The U.S. Securities and Exchange Commission (SEC) is investigating Fisker for potential violations of federal securities laws before its bankruptcy filing.
Fisker filed for bankruptcy protection in June 2024 after struggling to ramp up production and sales of its Ocean SUV.
The SEC has sent multiple subpoenas to Fisker and may issue more as part of its ongoing investigation.
The SEC has objected to Fisker's proposed liquidation plan, citing concerns over the preservation of corporate records.
Fisker plans to seek court approval for its liquidation plan on October 9, but the SEC's objections may complicate proceedings.