In a statement, SEC Division of Enforcement Director Gurbir Grewal said, “Having chosen to promote Nikola through social media, Milton was obligated under the securities laws to communicate completely, accurately, and truthfully. “That obligation exists for all public company officials, even those whose companies have only recently entered the public markets through SPAC transactions.”
On the other hand, Manhattan U.S. Attorney Audrey Strauss said the “criminal charges against Milton are where the rubber meets the road, and he now will be held accountable for his allegedly false and misleading statements to investors.”
—————————————-
Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.
Want to contribute a story? We also accept article submissions — check out our writer’s guidelines here.
