Cardiff Lexington Corp (CDIX)

[Long-N-Strong]

Of the five companies, all settled for a $25K fine, except for IFXY, which paid $50K

Even in the IFXY scenario, the $25,000 per occurrence looks to apply.

https://www.sec.gov/litigation/admin/2018/34-84263.pdf

2. On two occasions, Infrax violated the Interim Review Requirement by filing Forms 10-Q with the Commission that contained financial statements that were not reviewed by an independent public accounting firm.

B. Respondent shall, within 14 days of the entry of this Order, pay a civil money penalty in the amount of $50,000.00 to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, subject to Exchange Act Section 21F(g)(3). If timely payment is not made, additional interest shall accrue pursuant to 31 U.S.C. §3717.

2 occurrences for a total fine of $50,000 is $25,000 per occurrence. Not sure why their fine was not higher since they did not take the corrective action that Cardiff Lexington did and issue a followup 10-Q/A.

6. On February 23, 2016, Infrax filed its quarterly report for the second quarter of 2015, and on May 23, 2016, the Company filed its quarterly report for the third quarter of 2015. Both filings included the interim financial statements for that quarter. The interim financial statements were not reviewed by an independent public accountant as required by the Interim Review Requirement. Infrax did not file amended Form 10-Q/As that complied with the Interim Review Requirement.

Long-N-Strong