Recently, electric vehicle truck maker Nikola (NKLA  ) has agreed to pay $125 million to the U.S. Securities and Exchange Commission to settle charges that had been brought up against the company regarding misleading people about their products, technical capacity, and business prospects.

The SEC made accusations against Nikola for going against United States securities laws, along with a variety of deceiving statements that were made in 2020 regarding its products and financial prospects. Trevor Milton, Nikola's founder and previous CEO, was under arrest at the beginning part of the year, since he falsely conveyed Nikola as near to releasing a working product.

"As the order finds, Nikola Corporation is responsible both for Milton's allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true state of the company's business and technology," said Gurbir Grewal, director of the SEC's Division of Enforcement, in a press statement. "This misconduct - and the harm it inflicted on retail investors - merits the strong remedies today's settlement provides."

Over the course of the following two years, the amount of the settlement will be paid in five installments. The first one is due toward the end of 2021.

"We are pleased to bring this chapter to a close as the company has now resolved all government investigations," Nikola said in a statement.

At the beginning of the month, Nikola made known that it had delivered its first two vehicles to customers who were at ports located at Los Angeles and Long Beach. The SEC also said that they would keep working with "ongoing litigation and investigation."

According to news outlet, Nikola has been one of four electric vehicle start-ups that are under surveillance by federal agencies regarding possible deceptive investors, with others including Lucid (LCID  ), Lordstown Motors (RIDE  ), and Canoo (GOEV  ). Bloomberg has also revealed, according to recent findings, that the government has been accused by Trevor Milton of focusing on "tweets, social media posts, podcasts, and television or print interviews - many of which were made or conducted long before Nikola was a public company - in an attempt to criminalize promotional speech about Nikola's products."