Trusted Professional

SEC Accuses Biotech Firm of Misleading Investors on Purported COVID Test

The Securities and Exchange Commission

“We allege that Parallax misled investors that the company was positioned to capitalize on opportunities created by the COVID pandemic.  Such misinformation jeopardized investors at precisely the moment when investors were attempting to respond to the financial implications of a public health emergency,” said Paul G. Levenson, Director of the SEC’s Boston Regional Office.