Fisker, an electric vehicle manufacturer, is currently being investigated by the Securities and Exchange Commission (SEC) for potential violations of federal securities laws related to its Chapter 11 bankruptcy filing.
The SEC has expressed concerns about the company's bankruptcy plan, stating that it does not adequately protect the agency's regulatory powers in relation to the ongoing investigation and the preservation of corporate records.
The SEC has also mentioned that Fisker is facing multiple subpoenas as part of this inquiry. The SEC's objections highlight the importance of maintaining access to relevant documents and records, which may be crucial for any future actions related to alleged violations of federal securities laws.