Hemp Inc (HEMP)

[Det_Robert_Thorne]

Difference is Administrative Hearing vs. Civil Trial

The SEC brought their Bioelectronics complaint before an administrative judge who works for the SEC. The complaint didn't ask for the CEO to be removed from his post.

In the case of the SEC v Hemp, Inc, B Perlowin, et al, it's being brought before the US District court in Nevada, and one of the remedies is:

Permanently prohibiting, pursuant to Section 21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)], Defendants Bruce Perlowin and Barry Epling from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act [15 U.S.C. § 78l] or that is required to file reports pursuant to Section 15(d) of the Exchange Act [15 U.S.C. § 78o(d)];

I had downloaded the complaint from my PACER account last June. I'll post it to my Internet Archive Library and make it available to everyone.