Lordstown Motors’ ousted CEO settles with SEC for deceptive traders – Insta News Hub
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Change Fee over deceptive traders about demand for the corporate’s flagship all-electric Endurance pickup truck. Burns was ordered to pay a civil positive of $175,000 and can’t function an officer or director of a