Lordstown Founder agrees to $175,000 penalty in SEC settlement

Teslarati
By Zachary ViscontiMar 23, 2024, 7:00 pm134 pts
The founder of bankrupt electric vehicle (EV) maker Lordstown Motors has settled with the Securities and Exchange Commission (SEC), after making misleading statements about demand years ago. Former Lordstown CEO and founder Stephen Burns settled with the SEC for $175,000 on Friday, after overstating the level…

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