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The SEC drops its four-year-old investigation into EV startup Faraday Future

The SEC drops its four-year-old investigation into EV startup Faraday Future

The Securities and Exchange Commission has closed its investigation into electric vehicle startup Faraday Future, despite SEC staff on the case recommending an enforcement action last year, TechCrunch has learned. Four sources familiar with the investigation, who were granted anonymity to speak about the government case, told TechCrunch that the SEC informed the company and…

Delve accused of misleading customers with ‘fake compliance’

Delve accused of misleading customers with ‘fake compliance’

An anonymous Substack post published this week accuses compliance startup Delve of “falsely” convincing “hundreds of customers they were compliant” with privacy and security regulations, potentially exposing those customers to “criminal liability under HIPAA and hefty fines under GDPR.” Delve is a Y Combinator-backed startup that last year announced raising a $32 million Series A…