Wellness Matrix Group, Inc. Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission today charged Wellness Matrix Group, Inc., a Nevada microcap company, and George Todt, a Wellness Matrix business consultant who controlled much of Wellness Matrix’s day-to-day activities, with making misrepresentations to investors regarding COVID-19 products that they marketed to consumers. The SEC previously issued an order on April 7, 2020, temporarily suspending trading in the securities of Wellness Matrix.
According to the SEC’s complaint, filed in federal court in Los Angeles, in February and March 2020, Wellness Matrix and Todt made materially false and misleading statements regarding COVID-19 at-home test kits and/or disinfectants that defrauded Wellness Matrix’s investors. The complaint alleges that Wellness Matrix and Todt marketed the at-home test kits and disinfectants on Wellness Matrix -affiliated websites and through social media when Wellness Matrix did not have the products to deliver to consumers. The complaint also alleges that Wellness Matrix and Todt represented that the at-home test kits were approved and registered for use by the United States Food and Drug Administration and the disinfectants were approved and registered by the United States Environmental Protection Agency. According to the complaint, however, at the time Wellness Matrix and Todt made these statements, the products were neither approved nor registered by the FDA or the EPA.
Investors in Wellness Matrix Group, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Wellness Matrix Group, Inc., Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Wellness Matrix Group, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.