FTC says Martin Shkreli 'flagrantly and repeatedly' violated his lifetime pharma ban

What happened: The FTC and seven state attorneys general filed a 37-page court filing saying Martin Shkreli violated his lifetime pharmaceutical industry ban by trading pharma stocks and posting industry opinions on X, Reddit, and YouTube livestreams. Why it matters: The FTC said it will not hesitate to enforce court orders. The filing seeks a fine equal to any profits from pharma-related trades and clear, escalating consequences for future violations. Coverage: 9 outlets in 24h

The FTC and seven state attorneys general filed a 37-page court filing saying Martin Shkreli violated his lifetime pharmaceutical industry ban by trading pharma stocks and posting industry opinions on X, Reddit, and YouTube livestreams.

The FTC said it will not hesitate to enforce court orders. The filing seeks a fine equal to any profits from pharma-related trades and clear, escalating consequences for future violations.