Autobayng News Team
- Published On Mar 23, 2026 at 07:56 AM IST
Faraday Future had previously disclosed the investigation related to certain matters.“>
Electric vehicle startup Faraday Future said on Sunday the US Securities and Exchange Commission has concluded its investigation into the company with no action against it.
The closure would help the California-based company to pursue strategic financing and partnerships, after compliance concerns during the probe made it difficult to work with major banks and investors, the company said.
Faraday Future had previously disclosed the investigation related to certain matters involving its 2021 PIPE financing and SPAC-related transactions, and that the SEC had issued notices to the company and certain executives. In March 2022, the SEC subpoenaed some members of Faraday Future’s management team as part of a probe into inaccurate statements made to its investors after going public the year earlier. An internal review in February 2022 identified certain inaccurate statements, and the company cut the base salaries of then-CEO Carsten Breitfeld and founder Jia Yueting, asking them to report to Executive Chairperson Susan Swenson.
- Published On Mar 23, 2026 at 07:56 AM IST
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