Loop Industries Inc. (LOOP)

[janice shell]

The SEC today announced charges against Canadian resident David Stephens and California residents Donald Linn Danks, Jonathan Destler, and Robert Lazerus. According to the SEC's complaint, from at least 2014 to at least November 2018, Stephens, Danks, and Destler engaged in a deceptive scheme to sell publicly traded stock of Quebec-based Loop Industries, Inc. while concealing their ownership of Loop stock and connections with the company. The complaint alleges that Lazerus worked with the group to further the scheme by helping to increase demand for Loop stock by promoting it and brokering sales to a number of investors...

https://www.sec.gov/litigation/litreleases/2022/lr25546.htm

The complaint:

https://www.sec.gov/litigation/complaints/2022/comp25546.pdf