The U.S. Securities and Exchange Commission said on Thursday it has charged two companies and a chief executive officer with making misleading claims related to COVID-19, the disease caused by the novel coronavirus.
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst
Separately, the SEC has filed charges against Applied BioSciences Corp, which said it had begun offering and shipping finger-prick COVID-19 tests to the general public, when in fact the tests could only be administered in consultation with a medical professional, the statement said.
In the case of Applied BioSciences, the SEC said the company had violated antifraud provisions of federal securities laws, seeking injunctive relief and civil penalties.
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