(NKLA) Nikola Investment Losses? National Investor Fraud Law Firm KlaymanToskes Investigates Nikola in Light of $125M Settlement for Fraud Charges

(NKLA) Nikola Investment Losses? National Investor Fraud Law Firm KlaymanToskes Investigates Nikola in Light of $125M Settlement for Fraud Charges

National investor fraud law firm KlaymanToskes is investigating Nikola (NASDAQ: NKLA) in light of the company’s $125M settlement with the Securities & Exchange Commission (“SEC”) regarding fraud charges.  What is Nikola? Nikola is a publicly traded zero emissions transportation system provider that designs and manufactures battery electric vehicles (“BEV”), hydrogen fuel cell electric vehicles (“FCEV”), and hydrogen station infrastructure. Nikola was created through a special purpose acquisition corporation in 2020. According to its SEC filings, Nikola operates in two business units: Truck and Energy.  The Truck business unit is developing and commercializing battery electric vehicles, or BEV, and hydrogen fuel…

Merrill Lynch ACH Transfer Failure To Supervise Results in Fines Totalling Nearly $1 Million

Merrill Lynch ACH Transfer Failure To Supervise Results in Fines Totalling Nearly $1 Million

Merrill Lynched Fined Nearly $1 Million for Alleged ACH Transfer Supervision Failure According to a FINRA Letter of Acceptance, Waiver & Consent, from May 2013 through November 2018, Merrill Lynch allegedly failed to supervise the transmittal of customer funds via externally-initiated Automated Clearing House) transfers. As a result, the brokerage firm failed to detect that two of its registered representatives were able to steal in excess of $6 million. Merrill Lynch’s Failure to Reasonably Supervise ACH Transfers In May 2013, Merrill Lynch terminated a registered representative who made payments exceeding $100,000 from two of her customer’s brokerage accounts to her…