The SEC closed its investigation into Fisker

The Securities and Exchange Commission closed its investigation into Fisker’s electric vehicle relaunch last September, roughly. one year after the investigation was opened.

TechCrunch learned that the investigation was closed when the financial regulator responded to a Freedom of Information Act (FOIA) request in January. The SEC’s FOIA department said it identified “approximately 21.7 gigabytes of computerized records” related to the investigation. The agency does not keep records of whether an investigation is still open, and explained in a follow-up email that it was “closed in September 2025.”

It is unclear how the investigation progressed. The value of the SEC revealed the existence of this research in October 2024 Fisker’s bankruptcy filing. The agency wrote at the time that it had sent subpoenas to the company and that it may need to “request or subpoena additional documents in the future related to the ongoing investigation.”

A spokesperson for the organization declined to comment. Founder and former CEO Henrik Fisker did not respond to a message seeking comment.

The closure of the Fisker investigation comes amid a sharp decline in enforcement and enforcement during President Trump’s second term. The SEC initiated 313 enforcement actions in 2025 — the lowest in a decade and down 27% from the last year of President Biden’s term, according to analysis of the law firm Paul, Weiss. Only four of the enforcement actions were against public companies. Financial stability decreased by 45% from 2024.

Fisker was one of the last electric car startups to be investigated by the SEC. Over the past few years, the agency has resolved fraud or other charges that were filed Nicholas, Lordstown Cars, Canoo, Hyzon Motorsand others. In 2023, that closed the investigation in Lucid Motors without charge.

The only known research project left in the electric car industry is that of Faraday Future, which is now nearly four years old. In July 2025, SEC sent Faraday with several officials “Wells notices,” or letters that inform the subject that the investigators are recommending action. Nothing has been done since the letters were sent, however, and Faraday’s records show that they have not yet responded to Wells’ notices.

Fisker filed for bankruptcy in June 2024 among many challenges is its first EV, the Ocean SUV. The company lasted for many years making bold promises about creating new, cutting-edge technologies, but they adopt those ideas several times. It also had a major financial crisis in the until his fall. It used the Chapter 11 bankruptcy process to sell what was left of Oceans a company that rents out cars for snowmobiling and destroy some of his possessions.