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Posted On: 10/13/2023 12:06:06 PM
Post# of 6857
UNVC: Yes, I agree he's trying to hide all of the lies, but they've all been documented!
There is a possibility he got a Wells notice from SEC!!!
But him being the Narcissist that he is he'll still try and hunt blame on other entities/people other than him, going to be very interesting!!!
Possibility he's not the only one either!!!
Even though the Wells Notice process is confidential, it may become public if the SEC decides to bring an enforcement action against you.
Wells Notice
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A "Wells Notice" is a letter sent by a securities regulator to a prospective respondent, notifying him of the substance of charges that the regulator intends to bring against the respondent, and affording the respondent with the opportunity to submit a written statement to the ultimate decision maker.
There is no legal requirement for a regulator to provide a Wells Notice, however it is the practice of the SEC and the NASD to provide such notice. Procedurally, the SEC and NASD Staff (the people you are dealing with during the investigation) do not have the authority to commence proceedings. They need to obtain approval to commence proceedings. The approval process is handled without any input from the prospective defendant.
While there is no rule or regulation that requires that a prospective defendant be given the opportunity to address the decision maker prior to the filing of an action.
https://www.law.cornell.edu/wex/wells_notice
CHEERS
There is a possibility he got a Wells notice from SEC!!!
But him being the Narcissist that he is he'll still try and hunt blame on other entities/people other than him, going to be very interesting!!!
Possibility he's not the only one either!!!
Even though the Wells Notice process is confidential, it may become public if the SEC decides to bring an enforcement action against you.
Wells Notice
Primary tabs
A "Wells Notice" is a letter sent by a securities regulator to a prospective respondent, notifying him of the substance of charges that the regulator intends to bring against the respondent, and affording the respondent with the opportunity to submit a written statement to the ultimate decision maker.
There is no legal requirement for a regulator to provide a Wells Notice, however it is the practice of the SEC and the NASD to provide such notice. Procedurally, the SEC and NASD Staff (the people you are dealing with during the investigation) do not have the authority to commence proceedings. They need to obtain approval to commence proceedings. The approval process is handled without any input from the prospective defendant.
While there is no rule or regulation that requires that a prospective defendant be given the opportunity to address the decision maker prior to the filing of an action.
https://www.law.cornell.edu/wex/wells_notice
CHEERS
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