07:53:25 EDT Fri 02 Jun 2023
Enter Symbol
or Name

Login ID:

SEC looks deeper into Renovacare, finds B.C. men

2022-07-27 20:49 ET - Street Wire

Also Street Wire (U-RCAR) Renovacare Inc

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The U.S. Securities and Exchange Commission has sought permission to expand its civil case against Vancouver's Harmel Singh Rayat over the promotion of Renovacare Inc., an OTC Markets listing with a supposed burn healing device called the "SkinGun." The SEC now says that the scheme included two other Vancouverites, naming them as Jatinder Bhogal and Jeetenderjit Singh Sidhu. According to the SEC, the group unloaded $7.5-million worth of stock amidst a misleading paid promotion. (All figures are in U.S. dollars.)

The request from the SEC comes as part of a case the regulator has been pursuing against Mr. Rayat for over a year. With the matter yet to go to a trial, the SEC has filed a motion seeking to expand the allegations. According to that motion, the SEC has uncovered evidence that the scheme included Mr. Bhogal and Mr. Sidhu along with a California woman, Sharon Fleming. The trio had roles that included unloading millions of dollars worth of shares, the SEC claims.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.

they with Uk Nash? UK Nash back in town after covid expulsion? must be with all the new shootings and burnt out cars, but big cop one of his guys?

Posted by oh at 2022-07-28 13:26