Opko's Frost among those charged in ‘pump-and-dump’ schemes

The SEC filed charges against biotech investor and former Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) Chairman Phillip Frost alleging that he participated in “pump-and-dump” schemes involving penny stock companies. Frost, who is chairman and CEO at Opko Health Inc. (NASDAQ:OPK; Tel Aviv:OPK), was named in the indictment along with nine other individuals and several companies, including Opko.

Opko fell $1 (18%) to $4.58 on Friday on NASDAQ...