Arrayit Corporation (ARYC)

[unpathedhaunt]

SEC Charges California Company and Its CEO with Misleading Investors About Covid-19 Blood Test and Financial Reports

"The complaint further charges Rene Schena with aiding and abetting Arrayit’s violations and alleges that she is liable as a control person of Arrayit pursuant to Section 20(a) of the Exchange Act. Without admitting or denying the allegations in the complaint, Arrayit and Rene Schena agreed to settle with the Commission and to be enjoined from future violations of the charged provisions. Rene Schena also agreed to a 3-year officer and director bar and to pay a $50,000 penalty. The settlements are subject to court approval."

https://www.hedgeco.net/news/02/2021/sec-charges-california-company-and-its-ceo-with-misleading-investors-about-covid-19-blood-test-and-financial-reports.html