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DABOSS

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SEC Charges UNXL

posted on Mar 09, 2016 03:22PM

U.S. SEC charges Uni-Pixel with civil accounting fraud -complaint

16 minutes ago

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UNXL0.53-13.11%

Uni-Pixel, Inc. Watchlist

0.53-0.08(13.11%)

NASDAQ3:20 PM EST

March 9 (Reuters) - The U.S. Securities and Exchange Commission charged touch-screen technology maker Uni-Pixel Inc with accounting fraud in a court complaint on Wednesday.

Uni-Pixel, based in Santa Clara, California, omitted material details from its accounting statements as part of a scheme to mislead investors about its manufacturing and business prospects, the SEC said.