Praxsyn Corp (PXYN)

[Drugdoctor]

SEC-Investor-Alerts-and-Bulletins-Look-Out-for-Coronavirus-Related Investment Scams - Investor Alert
Feb. 4, 2020

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors about investment frauds involving claims that a company’s products or services will be used to help stop the coronavirus outbreak.

Fraudsters often use the latest news developments to lure investors into scams. We have become aware of a number of Internet promotions, including on social media, claiming that the products or services of publicly-traded companies can prevent, detect, or cure coronavirus, and that the stock of these companies will dramatically increase in value as a result. The promotions often take the form of so-called “research reports” and make predictions of a specific “target price.” We urge investors to be wary of these promotions, and to be aware of the substantial potential for fraud at this time.

Be cautious of claims that a company’s products or services can help stop the coronavirus, especially claims that involve microcap stocks. These claims may be made as part of fraudulent “pump-and-dump” schemes.
You may lose significant amounts of money if you invest in a company that makes inaccurate or unreliable claims. You may not be able to sell your shares if trading in the company is suspended.
Submissions of tips, complaints, or referrals relating to suspected securities fraud or wrongdoing can be made online at https://www.sec.gov/tcr.

https://www.sec.gov/oiea/investor-alerts-and-bulletins/ia_coronavirus