PolarityTE said the SEC subpoenaed it earlier this month for documents related to any promotion of the company or its securities, among other items.
A biotech company that makes a product to repair skin loss said Monday it is under investigation by the Securities and Exchange Commission, which sent a subpoena earlier this month and opened an investigation into its public disclosures and ownership.
Polarity said Monday in an annual regulatory filing that the SEC notified it on March 4 that it was under investigation for possible violations of securities laws, including the anti-price manipulation provisions of the Exchange Act, regarding its public disclosures and beneficial ownership reporting."We intend to fully cooperate with the SEC regarding their March 2019 subpoena and this ongoing investigation," the company said.
The subpoena also asked for communications and agreements between Polarity and its former CFO John Stetson, former CEO and current investor Barry Honig and investor Michael Brauser.
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