Home Business Testing Company Fined For Misleading Investors, Failing To Disclose Payments

Testing Company Fined For Misleading Investors, Failing To Disclose Payments

Co-Diagnostics' Misleading Claims About Their COVID Tests

by Sonia Park
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COVID-19 testing - Photo ID: Madagascar - Tests

Co-Diagnostics, a Salt Lake City-based testing company, has been slapped with a hefty fine of $250,000 by the U.S. Securities and Exchange Commission (SEC) for engaging in deceptive practices and failing to disclose crucial information to investors. The SEC's order highlights Co-Diagnostics' misleading claims about their COVID tests and their failure to disclose payments made to top executives' family members. . .

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