MMAT Stock Alert: Meta Materials Will Pay $1 Million to Settle Securities Violations

Meta Materials (NASDAQ:MMAT) stock is in the spotlight after the company was charged with violating "the antifraud, reporting, internal accounting controls, and books and records provisions of the federal securities laws." Meta has agreed to settle the charges with a $1 million fine without admitting or denying the wrongdoings. In addition, the U.S. Securities and Exchange Commission (SEC) also charged former Meta Materials CEOs John Brda and Georgios Palikaras with market manipulation, fraud and other char ...