Defendant Name:
Chembio Diagnostics, Inc.
Defendant Type:
Public Company
SIC Code:
6282
CUSIP:
16357220
Document Reference:
33-11163
Document Details
Legal Case Name
In the Matter of Chembio Diagnostics, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
02-Mar-2023
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
The Commission stated: "This matter involves a material misrepresentation made by Chembio concerning the performance of a COVID-19 antibody test the company developed and marketed during the spring of 2020 (“COVID-19 Test”)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$500,000.00
Shared: