Exclusive: The SEC closed its investigation into Fisker | TechCrunch

"The Securities and Exchange Commission closed its investigation into bankrupt electric vehicle startup Fisker last September, roughly one year after the probe was opened. TechCrunch learned the investigation was closed when the financial regulator responded to a Freedom of Information Act (FOIA) request in January. The SEC's FOIA department said it had identified "approximately 21.7 gigabytes of electronically maintained records" related to the investigation."

"It's not clear how far the investigation progressed. The SEC revealed the existence of the probe in an October 2024 filing in Fisker's bankruptcy case. The agency wrote at the time that it had sent subpoenas to the company and that it may need to "request or subpoena additional documents in the future relating to its ongoing investigation." A spokesperson for the agency declined to comment."

"The closure of the Fisker investigation comes amid a significant drop in enforcement actions and settlements during President Trump's second term. The SEC initiated 313 enforcement actions in 2025 - the lowest in a decade and down 27% from the the final year of President Biden's term, according to an analysis by law firm Paul, Weiss. Only four of those enforcement actions were against public companies. Total monetary settlements fell 45% from 2024."

The Securities and Exchange Commission closed its investigation into Fisker in September 2025, roughly one year after the probe began. The SEC's FOIA office identified approximately 21.7 gigabytes of electronically maintained records related to the probe. The agency revealed the existence of the investigation in an October 2024 bankruptcy filing and said it had sent subpoenas to the company, noting it might request additional documents. A spokesperson declined to comment, and founder Henrik Fisker did not respond to inquiries. The closure occurred amid a marked drop in SEC enforcement: 313 actions in 2025, down 27%, and total monetary settlements fell 45% from 2024.

Read at TechCrunch