Cannabis Pharma Firm Should Pay Back $2.1 Million, SEC Says | Cannabis Law Report | How to order Skittles Moonrock online

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Vivera Pharmaceuticals Inc., its CEO, and another company he controlled that have already been found liable for securities fraud over cannabis-derived products should disgorge about $2.1 million, the SEC told a federal court.

The CEO should additionally pay a nearly $240,000 civil penalty and be barred from serving as an officer or director for five years, the Securities and Exchange Commission said Monday in a filing with the US District Court for the Central District of California. The total of the disgorgement, interest, and penalty would be more than $2.5 million.

Attorneys for Vivera, CEO Paul Edalat, and EFT Global …

Read more at https://news.bloomberglaw.com/securities-law/cannabis-pharma-firm-ceo-should-pay-back-2-1-million-sec-says?utm_source=policy-decoded.beehiiv.com&utm_medium=dailybrief&utm_campaign=policy-decoded