SEC Suspends Trading Of Company That Sold 'At-Home' COVID-19 Tests

  • 📰 NPR
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The U.S. Securities and Exchange Commission has temporarily suspended trading of shares of Wellness Matrix Group, which had been selling an 'at-home' test kit for COVID-19 that it claimed was 'FDA Approved.'

The U.S. Securities and Exchange Commission announced this week that it was temporarily suspending the trading of shares of Wellness Matrix Group.Brendan Hoffman/Bloomberg via Getty Images

The U.S. Securities and Exchange Commission announced this week that it was temporarily suspending the trading of shares of Wellness Matrix Group.trading of shares of Wellness Matrix Group, citing statements"made through affiliated websites and a company consultant about selling at-home COVID-19 testing kits that had been approved by the FDA.

Multiple customers said they purchased the test kits, because they were terrified of contracting the virus, or infecting vulnerable family members. Those customers said they never received a test kit in the mail, and started to believe they had been scammed. In total, NPR was able to verify more than $1,000 in purchases from the company by viewing receipts.its"sole intention" was to sell the tests for use by health care providers, and pledged to offer refunds to customers.

of an investigation into Wellness Matrix Group by Reps. Katie Porter, D-Calif., and Raja Krishnamoorthi, D-Ill., as well as a"cease-and-desist" notice from the city attorney of Los Angeles, Mike Feuer.though the FDA hasn’t approved ANY at-home COVID test.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But Trump can hock malaria meds on CDC site

I guess that's a start.

Wellness Matrix Group

Trump will fire the people who did this

good

Wow. The SEC did something.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Family Soap Company That’s Cleaning Up In The COVID-19 Fight'Skin is your largest organ,' so take care of it, says soap queen Kelly Vlahakis-Hanks.
Source: ForbesWomen - 🏆 477. / 51 Read more »