Litigation: SEC Vs. Harmel S. Rayat and RenovaCare - SEC Charges Company and Controlling Shareholder With Securities Fraud
May 29, 2021
May 29, 2021
WASHINGTON, May 29 -- The Securities and Exchange Commission issued the following litigation release (No. 21-cv-4777; S.D.N.Y. May 28, 2021):
The Securities and Exchange Commission charged RenovaCare, Inc., a development stage company headquartered in New Jersey, and its controlling shareholder, Harmel S. Rayat, with securities fraud for intentionally concealing Rayat and the company's role in promotional activities, including by drafting and issuing a press release that denied thei . . .
The Securities and Exchange Commission charged RenovaCare, Inc., a development stage company headquartered in New Jersey, and its controlling shareholder, Harmel S. Rayat, with securities fraud for intentionally concealing Rayat and the company's role in promotional activities, including by drafting and issuing a press release that denied thei . . .