The SEC closed its investigation into Fisker

Core Insights - The SEC closed its investigation into Fisker in September 2025, approximately one year after it was initiated [1][2] - The investigation revealed around 21.7 gigabytes of electronically maintained records, but the extent of the investigation's progress remains unclear [2] - Fisker was one of the last electric vehicle startups under SEC investigation, with other companies like Nikola and Lucid Motors having settled their cases [3][4] SEC Enforcement Actions - The closure of the Fisker investigation coincides with a notable decline in SEC enforcement actions, with only 313 actions initiated in 2025, marking a 27% decrease from the previous year [3] - Total monetary settlements fell by 45% from 2024, indicating a broader trend of reduced enforcement during President Trump's second term [3] Company Background - Fisker filed for bankruptcy in June 2024, facing significant challenges with its first electric vehicle, the Ocean SUV, and financial difficulties leading up to its collapse [9] - The company utilized Chapter 11 bankruptcy to liquidate its assets and sell its remaining inventory of Oceans [9] Remaining Investigations - Currently, the only active SEC investigation into an electric vehicle startup is related to Faraday Future, which has been ongoing for nearly four years [5] - In July 2025, the SEC issued Wells notices to Faraday and its executives, indicating a recommendation for enforcement action, but no further action has been taken since [5]