Digital Brand Media and Marketing Group Inc (DBMM)

[BartDaddy]

The judge's summary states: "Digital Brand’s securities are registered with the Securities and Commission pursuant to Section 12(g) of the Exchange Act, and it failed to file required periodic reports with the Commission between 2015 and 2018. It has since filed overdue reports and remained current. No sanction is imposed since neither of the available sanctions – revocation or suspension of the registration of Digital Brand’s securities – is appropriate for the facts in this case."

In addition: "All arguments and proposed findings and conclusions that are inconsistent with this decision were considered and rejected."

SEC demonstrated DBMM WAS not compliant in the past and argued their recommended sanctions should therefore be adopted. The judge is saying DBMM IS compliant now so sanctions for BEING non-compliant are not appropriate.

How is that not logical?

It would be illogical to impose either non-compliance sanction now that DBMM is compliant.