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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

SEC Charges 6 Individuals, 2 Companies For Cannabis Stock Promotion Scheme

SEC High Times Securities and Exchange Commission

On September 30, the Securities and Exchange Commission (SEC) announced that it had charged 6 individuals and 2 companies for the involvement in a stock promotion scheme that included Emerald Health Pharmaceuticals, Elegance Brands Inc. (now Sway Energy Corp.), and High Times Holdings (OTC:HTHC), reported Debra Borchardt for Green Market Report.

“The SEC says investors purchased $80 million of securities following the promotions. The individuals received payments based on the number of securities sold,” Borchardt wrote.

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