#Nikola discloses subpoenas from DOJ, SEC and New York DA

#Nikola discloses subpoenas from DOJ, SEC and New York DA

“#Nikola discloses subpoenas from DOJ, SEC and New York DA” Electric-truck maker Nikola revealed late Monday that it was hit with a grand jury subpoena from the Justice Department in September amid accusations that the company has lied about its technology. The embattled startup’s former CEO Trevor Milton — who left the company following a slew of…

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#SEC awards 4M to whistleblower who aided in investigation

#SEC awards $114M to whistleblower who aided in investigation

“#SEC awards $114M to whistleblower who aided in investigation” The Securities and Exchange Commission recently awarded $114 million to a single whistleblower who tipped them off to financial wrongdoing and provided “extraordinary” assistance in an investigation, the SEC announced last week. The blockbuster sum effectively doubles a previous record for monetary compensation to whistleblowers that…

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#General Electric receives Wells notice from SEC

#General Electric receives Wells notice from SEC

“#General Electric receives Wells notice from SEC” General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws. The industrial conglomerate said the issues the regulator could pursue relate to the company’s run-off insurance…

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