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The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that.
Steve Burns, former Lordstown Motors CEO, settles with SEC over claims he misled investors | News, Sports, Jobs morningjournalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningjournalnews.com Daily Mail and Mail on Sunday newspapers.
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LORDSTOWN The founder and ex-chief executive of failed electric-vehicle manufacturer Lordstown Motors Corp. has settled with federal regulators over claims
Lordstown Motors Corp: The SEC said in the lawsuit filed in federal court in Washington that Burns misrepresented preorders Lordstown had received for its full-size electric pickup truck around the time it went public in the fall of 2020. Burns agreed to pay a USD 175,000 penalty and be barred from serving as an officer or director of a public company for two years.
On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps' former auditor.