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0 -0.000296033155713407 0.00177619893428061 0.00236678507992898 -0.00266429840142099 -0.00503256364712842 0.00347690941385442 -0.00510657193605693
Stock impact report

SEC smackdown and SuperTruck news overwhelm convention dispatches [Yahoo! Finance]

Nikola Corporation (NKLA) 
Company Research Source: Yahoo! Finance
But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans. The Securities and Exchange Commission in Washington is as good a starting point as any. Lordstown Motors gets an SEC comeuppance Nearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose acquisition company of inflating orders and other shenanigans, the SEC charged the now-bankrupt company with misleading investors about the sales prospects of its Endurance electric pickup truck aimed at commercial fleets. “We allege that, in a highly competitive race to deliver the first mass-produced electric pickup truck to the U.S. market, Lordstown oversold true demand for the Endurance,” Mark Cave, associate director of the SEC's enforcement division, said in a Feb. 29 news release “Exaggerations that misrepresent a public company's competitive advantages distort the capital markets and foil investors' ability to make in Show less Read more
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