The SEC closed its investigation into Fisker

The Securities and Exchange Commission (SEC) closed its investigation into the bankrupt electric vehicle startup Fisker in September 2025, about a year after the probe began. The investigation was initially disclosed in October 2024 during Fisker’s bankruptcy proceedings, with the SEC having issued subpoenas and indicating the possibility of further document requests. However, details on the investigation’s depth or findings remain unclear, as the SEC declined to comment and Fisker’s founder did not respond to inquiries. Fisker had filed for bankruptcy in June 2024 amid financial struggles and challenges with its Ocean SUV, ultimately liquidating assets through Chapter 11 proceedings. This closure occurs amid a broader decline in SEC enforcement actions during President Trump’s second term, with 2025 seeing the lowest number of enforcement actions in a decade and a significant drop in monetary settlements compared to 2024. Fisker was among the last electric vehicle startups under SEC scrutiny, following settlements with companies like Nikola, Lordstown Motors, and Canoo.