Monday, October 12, 2020 12:58:01 PM
CHICAGO, IL – December 20, 2019 – NanoTech Entertainment (OTCPINK: NTEK), a pioneer in the digital entertainment space, announced today that it has entered into a settlement agreement with the U.S. Securities and Exchange Commission (SEC) ending its involvement in the SEC civil case against River North Equity. Without admitting or denying the allegations of the Complaint, NanoTech agreed that it would be permanently restrained and enjoined from violating Section 5 of the Securities Act. Specifically, NTEK agreed that it would only offer to sell, sell, or deliver after sale, NTEK securities only when a registration statement has been filed with the Commission and is in effect. The settlement did not include any fines, penalties or sanctions against NTEK.
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