May 21, 2019

SEC investigates possible insider trading at Florida device case maker

In a regulatory filing on May 15, 2019, Forward Industries, Inc. reported that in February 2019, the Securities and Exchange Commission served the company and several of its officers with subpoenas related to trading in the company’s securities surrounding the announcement, in January 2018, of Forward’s acquisition of Intelligent Product Solutions, Inc. The company reported that on May 8, 2019, the Financial Industry Regulatory Authority had notified Forward that the FINRA investigation had been completed, and the matter had been referred to the SEC.

Form 10-Q