chinchillx
2021-12-21
They shud refund investors.. sec fine them so? Where is the money going
Nikola shares rose nearly 3% in premarket trading
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Where is the money going","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/693744767","repostId":1176344257,"repostType":2,"repost":{"id":"1176344257","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640088980,"share":"https://www.laohu8.com/m/news/1176344257?lang=&edition=full","pubTime":"2021-12-21 20:16","market":"us","language":"en","title":"Nikola shares rose nearly 3% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1176344257","media":"Tiger Newspress","summary":"Nikola shares rose nearly 3% in premarket trading.\nNikola Corp has agreed to pay $125 million to set","content":"<p>Nikola shares rose nearly 3% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2d30c0670079b2f677442fb79c69faa0\" tg-width=\"703\" tg-height=\"594\" width=\"100%\" height=\"auto\">Nikola Corp has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.</p>\n<p>The Securities and Exchange Commission (SEC) accused the electric vehicle manufacturer of violating U.S. securities laws with numerous misleading statements made from March to September 2020 about in-house production capabilities, reservation book and financial outlook.</p>\n<p>The settlement follows civil and criminal charges filed in July against Nikola's founder Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping \"tens of millions of dollars\" as a result of his misconduct. Milton is battling those charges in court after having lost a bid to dismiss or move the case.</p>\n<p>Nikola, which did not admit or deny the SEC's findings, has agreed to cooperate with ongoing litigation and investigation, the SEC said. 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The agency has also told top auditors to change their accounting practices and launched a broad enforcement inquiry of Wall Street banks involved in the deals.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola shares rose nearly 3% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNikola shares rose nearly 3% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-21 20:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nikola shares rose nearly 3% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2d30c0670079b2f677442fb79c69faa0\" tg-width=\"703\" tg-height=\"594\" width=\"100%\" height=\"auto\">Nikola Corp has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.</p>\n<p>The Securities and Exchange Commission (SEC) accused the electric vehicle manufacturer of violating U.S. securities laws with numerous misleading statements made from March to September 2020 about in-house production capabilities, reservation book and financial outlook.</p>\n<p>The settlement follows civil and criminal charges filed in July against Nikola's founder Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping \"tens of millions of dollars\" as a result of his misconduct. Milton is battling those charges in court after having lost a bid to dismiss or move the case.</p>\n<p>Nikola, which did not admit or deny the SEC's findings, has agreed to cooperate with ongoing litigation and investigation, the SEC said. The firm previously disclosed expectations of the hefty penalty in November.</p>\n<p>Nikola \"is responsible both for Milton’s allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true state of the company's business and technology,\" Gurbir Grewal, the SEC’s enforcement director, said in a statement.</p>\n<p>Nikola went public via a special purpose acquisition company (SPAC) in June 2020, a process the SEC has criticized for requiring less initial vetting than the traditional initial public offering process.</p>\n<p>This month, the SEC's chair said the agency was considering toughening rules around how underwriters, boards of directors and sponsors of SPACs structure fees, issue projections and disclose conflicts.</p>\n<p>The plans are part of the SEC's broader crackdown on the sector this year. The agency has also told top auditors to change their accounting practices and launched a broad enforcement inquiry of Wall Street banks involved in the deals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKLA":"Nikola Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176344257","content_text":"Nikola shares rose nearly 3% in premarket trading.\nNikola Corp has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.\nThe Securities and Exchange Commission (SEC) accused the electric vehicle manufacturer of violating U.S. securities laws with numerous misleading statements made from March to September 2020 about in-house production capabilities, reservation book and financial outlook.\nThe settlement follows civil and criminal charges filed in July against Nikola's founder Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping \"tens of millions of dollars\" as a result of his misconduct. Milton is battling those charges in court after having lost a bid to dismiss or move the case.\nNikola, which did not admit or deny the SEC's findings, has agreed to cooperate with ongoing litigation and investigation, the SEC said. The firm previously disclosed expectations of the hefty penalty in November.\nNikola \"is responsible both for Milton’s allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true state of the company's business and technology,\" Gurbir Grewal, the SEC’s enforcement director, said in a statement.\nNikola went public via a special purpose acquisition company (SPAC) in June 2020, a process the SEC has criticized for requiring less initial vetting than the traditional initial public offering process.\nThis month, the SEC's chair said the agency was considering toughening rules around how underwriters, boards of directors and sponsors of SPACs structure fees, issue projections and disclose conflicts.\nThe plans are part of the SEC's broader crackdown on the sector this year. 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