Rightsmile Inc (RIGH)

[FullDeck]

RIGH is over. The fraud charges, fines and penalties have been settled.

You ask...

...then how can they be charged with violating reporting obligations?

Answer: they weren't.

They WERE charged with:

II. BUD GENIUS AND STANZ MAKE FALSE AND MISLEADING
STATEMENTS AND ENGAGE IN OTHER DECEPTIVE CONDUCT

A. FALSE AND MISLEADING PRESS RELEASES AND OTHER
DISCLOSURES

1. False and Misleading Press Releases Regarding Genius
Biotech

2. False and Misleading Press Releases Regarding Celebrity
Partnerships and Endorsements

B. FALSE AND MISLEADING FINANCIAL INFORMATION

1. Fraudulent Revenue Associated with Charter Jet Business

2. Inflated and Unjustified Value for Intangible Assets

3. Improperly Reported Accounts Receivable

4. Failure to Disclose Consent Decree

III. THE SALE OF UNREGISTERED SECURITIES

It's all in the complaint. You might want to re-read it:

https://www.sec.gov/litigation/complaints/2018/comp24148-bud-genius.pdf

And here's the settlement where the fines, disgorgement, and penalties were agreed to:

https://www.sec.gov/litigation/litreleases/2018/lr24148.htm