Verb Technology Company Inc (VERB)

[Nspireaction]

How much would she have had to pay to fight the SEC? I bet Martha Steward would know.

Highly skeptical of any entity that has so much power and so much potential for corruption, Just look at the current fiasco with the FISA court, this is sad, the corrupt rule and honest mistakes can ruin someone's life.

This fiasco happened over a decade ago and has nothing to do with her ability to perform imo.

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As part of the settlement, Heinen consented (without admitting or denying the allegations) to a court order that:

enjoins her from violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b), 13(b)(5), and 16(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 13b2-1, 13b2-2, and 16a-3 thereunder, and from aiding and abetting violations of Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-13, and 14a-9 thereunder;

orders her to pay disgorgement of $1,575,000 (representing the in-the-money portion of the proceeds she received from exercising backdated options)

plus $400,219.78 in interest;

imposes a civil penalty of $200,000; and

bars her from serving as an officer or director of any public company for five years.

In addition, Heinen agreed to resolve a separate administrative proceeding against her by consenting to a Commission order that suspends her from appearing or practicing before the Commission as an attorney for three years.