Wednesday, December 29, 2021 11:38:38 AM
"The SEC is seeking permanent injunctions, disgorgement plus prejudgment interest, and civil penalties. In addition, the commission is also seeking to bar Murstein (COO) from officer and director positions."
https://seekingalpha.com/news/3783902-medallion-financial-stocks-plunges-after-sec-files-suit-on-illegal-touting
Like NP, the COO was using outside "investor relations" vendors for placing favorable articles and social media posts promoting the stock. The investment relations vendor was also indicted for fraud.
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