> Nikola, based in Phoenix, didn’t admit or deny the SEC’s findings. The company did agree to cease and desist from future violations and to the $125 million penalty. Nikola also agreed to continue cooperating with the SEC’s ongoing investigation. The order also establishes a fund to return penalty proceeds to investors who were affected.
Penalty money goes to the investors who lost their shirts on the spac
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[ 3.1 ms ] story [ 14.8 ms ] threadHow does this work out as a tax rate? Do honest companies pay more or less in taxes than those whose main activity seems to be in courtrooms?
Phew! Glad that's settled.
Penalty money goes to the investors who lost their shirts on the spac