The U.S. Securities and Exchange Commission has temporarily suspended trading of shares of Wellness Matrix Group, which had been selling an 'at-home' test kit for COVID-19 that it claimed was 'FDA Approved.'
The U.S. Securities and Exchange Commission announced this week that it was temporarily suspending the trading of shares of Wellness Matrix Group.Brendan Hoffman/Bloomberg via Getty Images
The U.S. Securities and Exchange Commission announced this week that it was temporarily suspending the trading of shares of Wellness Matrix Group.trading of shares of Wellness Matrix Group, citing statements"made through affiliated websites and a company consultant about selling at-home COVID-19 testing kits that had been approved by the FDA.
Multiple customers said they purchased the test kits, because they were terrified of contracting the virus, or infecting vulnerable family members. Those customers said they never received a test kit in the mail, and started to believe they had been scammed. In total, NPR was able to verify more than $1,000 in purchases from the company by viewing receipts.its"sole intention" was to sell the tests for use by health care providers, and pledged to offer refunds to customers.
of an investigation into Wellness Matrix Group by Reps. Katie Porter, D-Calif., and Raja Krishnamoorthi, D-Ill., as well as a"cease-and-desist" notice from the city attorney of Los Angeles, Mike Feuer.though the FDA hasn’t approved ANY at-home COVID test.
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