NEWS UPDATE: If the SEC wins a favorable Ruling fr
Post# of 12436
(Total Views: 164)
Posted On: 07/23/2024 11:34:34 AM
NEWS UPDATE: If the SEC wins a favorable Ruling from this in the courts. Huge $ amount could be returned back to $SNPW/issuer.
https://www.corporatecomplianceinsights.com/s...c-lenders/ (below)
These actions have resulted in substantial civil fines, disgorgement procedures, suspensions as penny stock dealers and cancellations of the underlying convertible notes. Inspired by these SEC actions, issuers have begun to proactively commence lawsuits to rescind these transactions. In response, courts have issued equitable orders returning the illicitly issued shares to the issuer or, alternatively, ruling that the issuer is to receive the dollar value of such shares.
$SNPW # 151 (scroll down)
https://www.securitieslawyer101.com/2023/sec-...s-dealers/
>>> SEC’s Dealer Crackdown Wins in Court, Alarming Investment Firms
https://news.bloomberglaw.com/securities-law/...ment-firms
icymi
Dyodd
Quote:
A Massachusetts federal judge kept alive SEC allegations that investment firm Auctus Fund violated securities laws by failing to register as a broker-dealer when harvesting deeply discounted shares of cash-strapped public companies through debt agreements.
law360.com
Boston Fund Can't Duck SEC's Unregistered Dealer Case - Law360
A Massachusetts federal judge on Monday kept alive U.S. Securities and Exchange Commission allegations that Boston investment firm Auctus Fund violated securities laws by failing to register as a...
11:45 PM · Jul 22, 2024
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Views https://x.com/Law360/status/1815594000776106293
https://www.corporatecomplianceinsights.com/s...c-lenders/ (below)
These actions have resulted in substantial civil fines, disgorgement procedures, suspensions as penny stock dealers and cancellations of the underlying convertible notes. Inspired by these SEC actions, issuers have begun to proactively commence lawsuits to rescind these transactions. In response, courts have issued equitable orders returning the illicitly issued shares to the issuer or, alternatively, ruling that the issuer is to receive the dollar value of such shares.
$SNPW # 151 (scroll down)
https://www.securitieslawyer101.com/2023/sec-...s-dealers/
>>> SEC’s Dealer Crackdown Wins in Court, Alarming Investment Firms
https://news.bloomberglaw.com/securities-law/...ment-firms
icymi
Dyodd
(1)
(0)Sun Pacific Holding Corp. (SNPW) Stock Research Links
Everything i post are my opinions only. DYODD
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