(Total Views: 429)
Posted On: 05/28/2020 5:25:42 PM
Post# of 33113
The SEC may or may not join VERB, but I think the SEC has time for this one on their own. Not being registered with the SEC is a violation of the mandatory registration provisions of the federal securities laws. If they don't enforce this, why would others register.
Like letting doctors practice medicine without a license.
Not being licensed could mean the contract is not enforceable and null and void. At least that is what is said in the filing yesterday.
There are a number of cases out there. Here are the most recent. Could be a case is already in the works as we wouldn't know until it's announced.
SEC Charges Unregistered Penny Stock Dealer
Washington D.C., March 24, 2020
https://www.sec.gov/news/press-release/2020-72
SEC Charges Penny Stock Dealers with Failing to Register with the Commission
February 26, 2020
https://www.sec.gov/litigation/litreleases/2020/lr24748.htm
Like letting doctors practice medicine without a license.
Not being licensed could mean the contract is not enforceable and null and void. At least that is what is said in the filing yesterday.
There are a number of cases out there. Here are the most recent. Could be a case is already in the works as we wouldn't know until it's announced.
SEC Charges Unregistered Penny Stock Dealer
Washington D.C., March 24, 2020
https://www.sec.gov/news/press-release/2020-72
SEC Charges Penny Stock Dealers with Failing to Register with the Commission
February 26, 2020
https://www.sec.gov/litigation/litreleases/2020/lr24748.htm
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