Microcap Issuer Hit With SEC Enforcement Action Over N95 Mask Supply Statements

(May 1, 2020, 1:59 PM EDT) -- WEST PALM BEACH, Fla. — A microcap issuer and its CEO issued a series of false and misleading statements in press releases asserting that the company was able to acquire and issue large quantities of N95 masks, or those similar to the highly sought-after masks that would protect wearers from the COVID-19 virus, the Securities and Exchange Commission argues in an April 28 complaint filed in Florida federal court (Securities and Exchange Commission v. Praxsyn Corp., et al., No. 20-80706, S.D. Fla.)....

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