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Tuesday, 11/12/2019 9:08:40 PM

Tuesday, November 12, 2019 9:08:40 PM

Post# of 177074
DBMM will be the hottest stock tomorrow. Historic OTC event!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152239997

Renee   Tuesday, 11/12/19 07:38:55 PM

YUP, rare as chicken's teeth. The first of 2,040 SEC Suspended Registered stocks to avoid revocation of their stock registration(s).

Congratulations to DBMM shareholders.

Note the caveat though:

While revocation is not “necessary or appropriate for the protection of investors,” neither is suspension. Digital Brand’s reporting is now current, but suspension would relieve it of the requirement of filing periodic reports for the period of the suspension. Depriving investors of current financial information would be an undesirable consequence of a suspension and, contrary to the primary purpose of the reporting requirements of the Exchange Act, antithetical to “the protection of investors.” Even so, Digital Brand should be aware that further violations of its periodic reporting timeliness and completeness obligations may mark it as a recidivist and invite further scrutiny from Commission staff.
In conclusion, the violations alleged in the OIP are proven, but no available sanction is appropriate. Thus, this proceeding will be dismissed.



https://www.sec.gov/alj/aljdec/2019/id1389cff.pdf

In conclusion, the violations alleged in the OIP are proven, but no available sanction is
appropriate. Thus, this proceeding will be dismissed.







    

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