SEC v. Christopher B. Ferguson and Brian P. McFadden

Christopher B. Ferguson and Brian P. McFadden allegedly issued a false COVID-era press release. According to the SEC, Edison Nation, at the direction of Ferguson and McFadden, issued a press release announcing that “Edison Nation Medical Secures Over $10 Million in Purchase Orders for Personal Protective Equipment in First Week Since Launch,” when, in reality, it had only approximately $2.5 million in purchase orders at the time of the press release. McFadden allegedly obtained illicit profits of approximately $75,208.

Summary generated from official Securities and Exchange Commission press release