$SNPW may recover $ going forward.

Boston Hedge Fund Adviser Unable to Shake SEC Dealer Lawsuit


https://casetext.com/case/us-sec-exch-commn-v...-fund-mgmt

$SNPW may have Chance to Recover $ from the SEC, if they get a favorable ruling from the courts, they appear to be winning so far..

>> OS;s was increased Due to Medrecycler Project. <<

Quote:

---

At this early stage, the complaint sufficiently states a claim for disgorgement. As the Eleventh Circuit explained in Almagarby, “[defendant] was altogether prohibited from making transactions as an unregistered dealer, so any profits generated from his prohibited transactions were causally linked to his failure to register.” 92 F.4th at 1321; see also Keener, 102 F.4th at 1337. The SEC will have the opportunity to offer evidence of investor harm, which Defendants may rebut, after the close of discovery.

IV. CONCLUSION

For the foregoing reasons, Defendants' Motion to Dismiss [Dkt. 25] is DENIED.

SO ORDERED.

---

icymi