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EV maker Nikola agrees to pay $125M to settle SEC charges of defrauding investors

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Trevor Milton (center) is fighting charges of misleading investors. (Angus Mordant/Bloomberg)
R
By:
Reuters
December 21, 2021 12:18 PM

Nikola Corp. has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.

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