Trevor R. Milton

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26397 / September 11, 2025

Securities and Exchange Commission v. Trevor R. Milton, No. 1:21-cv-06445 (S.D.N.Y. filed July 29, 2021)

SEC Announces Dismissal of Civil Enforcement Action Against Former Nikola CEO Trevor R. Milton

The Securities and Exchange Commission today filed a joint stipulation with Defendant Trevor R. Milton to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against him.

As stated in the joint stipulation, the Commission’s decision to seek dismissal of this action is “in the exercise of its discretion” and “does not necessarily reflect the Commission’s position on any other case.”