December 9, 2019

Colorado resident Jeffrey O. Friedland and two companies associated with him, Intiva Pharma LLC and Global Corporate Strategies LLC, have entered into a $4.2 million settlement — $2.1 million in disgorgement plus a $2 million penalty and prejudgment interest — with the SEC, resolving charges that Friedland and his companies fraudulently promoted the stock of cannabis company OWC Pharmaceutical Research Corp.  Friedland and his companies were alleged to have misrepresented their ownership interest in OWC, as well as Friedland’s compensation in OWC stock in exchange for his promotion of the shares.  SEC

Tagged in: Financial and Investment Fraud, Securities Fraud,