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The SEC has charged Meta Materials and its former CEO with market manipulation, fraud, and other illegal activities

The Securities Exchange Commission has charged Meta Materials and its former CEO with market manipulation, fraud, and other illegal acts, it said in a statement. The Securities Exchange Commission today charged Meta Materials and its former CEOs, John Brda and George Palikaras. The company has agreed to resolve the Securities Exchange Commission's allegations in administrative proceedings, while the SEC's lawsuit against Brda and Palikaras will proceed in federal district court.