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

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.  The SEC said Monday that prior to Lyft’s IPO in March […]