SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations

. June 25, 2024 9:20 AM EDT | Source: Newsfile SEC Press Digest The SEC's complaint, filed in U.S. District Court for the Southern District of New York, alleges that Brda and Palikaras planned and conducted the manipulative scheme that included, among other things, issuing a preferred stock dividend immediately before the merger. The complaint alleges that Brda and Palikaras told certain investors and consultants—and hinted via social media—that the dividend would force short sellers to exit their positions ...