Moon Equity Holdings Corp (MONI)

[Maria56]

So it seems to be that being a felon would be a violation of 2 SEC Rules. Rule 506 for "bad actors" and Rule 262 for a "felony conviction".

Not necessarily.

Criminal convictions: Disqualification is triggered by criminal convictions in connection with

the purchase or sale of a security
making a false filing with the SEC
the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities.

The criminal conviction must have occurred within ten years of the proposed sale of securities, or five years in the case of the issuer and its predecessors and affiliated issuers.

https://www.sec.gov/info/smallbus/secg/bad-actor-small-entity-compliance-guide.htm

The above does not apply to Nathan. That does not mean, however, that investors should give Nathan a pass. Sort of depends on how an investor stands on leopards and spots.

As for

the Commonwealth of Virginia has restored the rights of the WOGI CEO back in 2013. That would overrule a felony conviction

Actually, no. Restoration of rights restores civil rights, such as the right to register to vote, hold public office, serve on a jury and serve as a notary public.

It does not restore the right to have firearms and it most certainly does not remove the conviction from a person's record or as you stated, "overrule a felony conviction."

It is also NOT a pardon, which may or may not imply guilt depending on who is pardoning and in what jurisdiction.

The word you are looking for is exonerated. If Nathan doesn't want to be a convicted felon anymore, he needs to be exonerated from his crime.

Not. Likely.