NDB Inc. and its CEO will pay a combined $300,000 in civil penalties to settle SEC claims that the startup falsely touted a breakthrough on a nuclear-based battery, according to court filings.
NDB, which allegedly raised $1.2 million from investors, and CEO Nima Golsharifi agreed to an injunction that they not violate securities laws, according to proposed final judgments filed June 6 in the US District Court for the Northern District of California. Golsharifi can’t offer or sell securities or act as an officer or director of a securities issuer under the terms of his agreement.
- The Securities and ...
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