US SEC Ends Four-Year Investigation into Faraday Future, Jia Yueting and Other Executives Avoid Accountability

Titan Media App, March 23 — According to reports, the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Faraday Future, deciding not to take any enforcement actions or legal measures against the company, founder Jia Yueting, or Global President Jerry Wang. The investigation into Faraday Future lasted nearly four years and focused on two main issues: first, whether the company made false or misleading statements during its 2021 merger with a special purpose acquisition company (SPAC); second, whether there was any fraud in the initial electric vehicle sales in 2023, based on reports from multiple former employees. During the investigation, the SEC issued subpoenas to Faraday Future multiple times and conducted interviews with several former employees and executives from 2024 to 2025. In July 2025, Faraday Future disclosed that the SEC had issued “Wells notices” to the company and several senior executives, including founder Jia Yueting, indicating that authorities were prepared to recommend litigation. However, ultimately, the SEC took no further action. (Wide-angle observation)