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Lyft to pay $10M fine to SEC for failure to disclose board member’s role in pre-IPO share sale

3 min • 18 september 2023

Lyft has agreed to pay a $10 million fine over a U.S. Securities and Exchange Commission charge that the ride-hailing company failed to disclose a board director’s role in the sale of $424 million worth of private shares before to its initial public offering. 

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