SEC Boston Regional Office Director Paul Levenson said, “We allege that Parallax misled investors that the company was positioned to capitalize on opportunities created by the COVID pandemic. Such misinformation jeopardized investors at precisely the moment when investors were attempting to respond to the financial implications of a public health emergency.”
Parallax, Arena, and Bradley offered to settle the SEC complaint, which was filed in the U.S. District Court for the Southern District of New York.
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