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US SEC charges Lyft over alleged disclosure failures -statement By Reuters

US SEC charges Lyft over alleged disclosure failures -statement

© Reuters. Lyft logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Monday charged Lyft (NASDAQ:) with failing to disclose a board member’s financial interest in a shareholder’s sale of some $424 million worth of stock prior to the ride-hailing platform’s IPO, the agency said in a statement.

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