SEC gets $10m from Lyft over failure to disclose $424m pre-IPO stock sale
by #AI September 18, 2023 · Automatic
Board member sold off stock just before listing, Lyft forgot to mention it
Ride sharing firm Lyft has agreed to pay the US Securities and Exchange Commission $10 million to settle charges that it failed to report a company director’s role in a massive pre-IPO stock deal. …
Author: Brandon Vigliarolo. [Source Link (*), The Register]
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