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# PixarBio CEO Charged with Securities Fraud
- URL: https://www.fdaweb.com/pixarbio-ceo-charged-with-securities-fraud/
- Published: 2018-04-25T12:00:00.000Z
- Updated: 2026-09-15T00:00:55.000Z
- Author: David McFarland
- Tags: Drugs, #legacy-id-D5141300

PixarBio CEO **Frank Reynolds** and two associates have been charged with securities fraud involving manipulating trading in the company’s shares. The federal charging document [says](https://www.justice.gov/usao-ma/pr/biotech-company-ceo-and-two-associates-charged-securities-fraud?ref=fdaweb.com) the three engaged in a scheme to defraud PixarBio investors by making false and misleading statements about the company and by engaging in manipulative trading of its shares.