SEC Closes Fisker Investigation (FISK)

The U.S. Securities and Exchange Commission closed its investigation into bankrupt electric vehicle startup Fisker on September 20, 2025, according to a FOIA response in January 2026. The agency typically does not release records when probes are active, indicating the matter was concluded by September 2025. The SEC first mentioned the probe in an October 2024 filing in Fisker’s bankruptcy case, noting it had issued subpoenas and may need to subpoena additional documents in the future. The closure follows settlements and closures in probes into Nikola, Lordstown Motors, Canoo, Hyzon Motors, and Lucid Motors, and comes amid a 27% drop in enforcement actions during the second term of President Trump, with only four such actions targeting public companies and a 45% decline in monetary settlements from 2024. Fisker filed for Chapter 11 bankruptcy in June 2024 after delays, financial difficulties, and a pivot away from its initial bold technological promises. The company sold its Ocean SUV inventory to a vehicle leasing firm and liquidated other assets during bankruptcy.