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Posted On: 02/04/2022 2:13:37 PM
Post# of 36541
Let’s talk about a possible SEC investigation. But to keep this from turning into a radical conspiracy, non-factual, unintelligible, nut job, yak fest, everyone who wants to contribute should CAREFULLY read the COMPLETE information on https://federal-lawyer.com/understanding-sec-investigations/ Thanks GMIN.
These are the excerpts I found most interesting.
What Triggers an SEC Investigation?
SEC investigations can originate from a variety of sources, including anonymous calls and tips, alerts from market professionals, disgruntled employees, whistleblowers, competitors, newspaper stories, Suspicious Activity Reports (“SARs”) filed by financial institutions, lawsuits, anomalies in trading patterns, and “red flags” in market trading data.
Formal investigative proceedings are nonpublic unless otherwise ordered by the Commission.
What Information Will the SEC Seek to Collect During Its Investigation?
The SEC will often also seek to obtain bank and trading account records, internal emails from corporate and personal accounts, and copies of chat room communications (e.g., Bloomberg messages).
How are SEC Investigations Resolved?
If the SEC files a civil lawsuit in federal court, it will typically seek an injunction, which is an order that prohibits future violations. An individual or company that violates an injunction can be subject to fines or imprisonment for contempt. Civil lawsuits also usually seek civil money penalties and the disgorgement of illegal profits. In certain circumstances, the SEC may also seek, among other things, a court order barring or suspending individuals from acting as corporate officers or directors.
What we know (actual facts).
SEC has Covid investigations: https://www.sec.gov/news/pressreleases?aId=&a...;month=All
NuGenerex is pursuing a Covid vaccine.
Person(s) on this board have claimed that they have filed an SEC complaint for investigation.
NuGererex NGIO shares are being traded under the NUGX ticker symbol.
Joe has been silent about any Generex/NuGenerex comments on any social media sites.
Some GNBT/NGIO board members no longer associate themselves (publicly) with GNBT/NGIO.
GNBT/NGIO is late on their required SEC filings.
Possible reasons (realistic):
An injunction has put a halt on corporate activity, like SEC filings, BOD member updates, etc.
The investigation being nonpublic is effectively putting a “gag order” on any and all communications.
BOD members could have been suspended or left to keep their “resume” clean of scandal, or just simply left for a more profitable way to invest their time.
There are also no public available filings listed under Joseph Moscato, Generex, or NuGenerex
Litigation Releases
https://www.sec.gov/litigation/litreleases.htm
Releases Related to Delinquent Filings
https://www.sec.gov/divisions/enforce/delinqu...qindex.htm
Open Administrative Proceeding Cases
https://www.sec.gov/litigation/apdocuments/ap...no-asc.xml
So, in (my) conclusion; the evidence above shows that an SEC investigation could possibly be responsible for everything that has happened (or not happened) to Generex/NuGenerex over the last three months (complete silence).
These are the excerpts I found most interesting.
What Triggers an SEC Investigation?
SEC investigations can originate from a variety of sources, including anonymous calls and tips, alerts from market professionals, disgruntled employees, whistleblowers, competitors, newspaper stories, Suspicious Activity Reports (“SARs”) filed by financial institutions, lawsuits, anomalies in trading patterns, and “red flags” in market trading data.
Formal investigative proceedings are nonpublic unless otherwise ordered by the Commission.
What Information Will the SEC Seek to Collect During Its Investigation?
The SEC will often also seek to obtain bank and trading account records, internal emails from corporate and personal accounts, and copies of chat room communications (e.g., Bloomberg messages).
How are SEC Investigations Resolved?
If the SEC files a civil lawsuit in federal court, it will typically seek an injunction, which is an order that prohibits future violations. An individual or company that violates an injunction can be subject to fines or imprisonment for contempt. Civil lawsuits also usually seek civil money penalties and the disgorgement of illegal profits. In certain circumstances, the SEC may also seek, among other things, a court order barring or suspending individuals from acting as corporate officers or directors.
What we know (actual facts).
SEC has Covid investigations: https://www.sec.gov/news/pressreleases?aId=&a...;month=All
NuGenerex is pursuing a Covid vaccine.
Person(s) on this board have claimed that they have filed an SEC complaint for investigation.
NuGererex NGIO shares are being traded under the NUGX ticker symbol.
Joe has been silent about any Generex/NuGenerex comments on any social media sites.
Some GNBT/NGIO board members no longer associate themselves (publicly) with GNBT/NGIO.
GNBT/NGIO is late on their required SEC filings.
Possible reasons (realistic):
An injunction has put a halt on corporate activity, like SEC filings, BOD member updates, etc.
The investigation being nonpublic is effectively putting a “gag order” on any and all communications.
BOD members could have been suspended or left to keep their “resume” clean of scandal, or just simply left for a more profitable way to invest their time.
There are also no public available filings listed under Joseph Moscato, Generex, or NuGenerex
Litigation Releases
https://www.sec.gov/litigation/litreleases.htm
Releases Related to Delinquent Filings
https://www.sec.gov/divisions/enforce/delinqu...qindex.htm
Open Administrative Proceeding Cases
https://www.sec.gov/litigation/apdocuments/ap...no-asc.xml
So, in (my) conclusion; the evidence above shows that an SEC investigation could possibly be responsible for everything that has happened (or not happened) to Generex/NuGenerex over the last three months (complete silence).
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