January 02, 2014
Advanced Cell Technology Inc. on Monday agreed to pay $4.1 million to resolve allegations by the U.S. Securities and Exchange Commission that the biotechnology firm issued unregistered penny stocks through sham legal settlements in a long-running scheme.
May 31, 2012
Mining company Unico Inc. and biotechnology firm Advanced Cell Technology Inc. issued unregistered penny stocks through sham legal settlements in a long-running scheme, the U.S. Securities and Exchange Commission said Wednesday in a federal lawsuit in Florida.