(Reuters) – Fisker, the bankrupt EV maker, is under investigation by the U.S. Securities and Exchange Commission (SEC) as revealed in a recent filing by the regulator on Friday.
Following Fisker’s bankruptcy filing in June, the company has been facing scrutiny for its financial activities, particularly its unsuccessful attempt to scale up production of its Ocean SUVs.
Currently in the process of winding down its operations under bankruptcy proceedings, Fisker has sold its fleet of vehicles and settled with creditors. The company is set to present its liquidation plan for approval at a court hearing on Oct. 9 in Wilmington, Delaware.
The SEC has raised concerns about the lack of clarity in Fisker’s liquidation plan, specifically regarding the preservation of corporate records. Despite multiple subpoenas sent to Fisker by the SEC, the company has yet to respond to the regulator’s inquiries.
The SEC’s investigation into Fisker’s financial activities is ongoing, with the regulator requesting information on the maintenance of the company’s books and records post-settlement. The SEC has indicated the possibility of issuing additional subpoenas in the future to gather more information.
Fisker has yet to provide a response to the SEC’s inquiries and is under further scrutiny as the investigation continues.