SmileDirectClub and California's Dental Board Continue Their Tiff

The disagreement between the Dental Board of California and SmileDirectClub (NASDAQ: SDC) continues: Reuters reported Wednesday that the board has been investigating Jeffrey Sulitzer, SmileDirectClub's chief clinical officer, for two years and that he's at risk of losing his license to practice in California.

In a complaint filed with California's Attorney General, the board lists nine causes for discipline, including that Sulitzer was operating offices in California that were controlled by SmileDirectClub, which doesn't have a dental license in the state. Shares of SmileDirectClub closed trading Wednesday down 5.4%.

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Source Fool.com