BrewBilt Manufacturing Inc (BBRW)

[kennypooh]

Another September 4 update on unregistered toxic note lenders.

Issurers may be able to seek restitution??

"Many of these “Investors” or “lenders” are not registered with FINRA, and if they are not registered under the ACT, all transactions they enter into are – VOID - by federal statute. This allows the SEC to sue those entities, stopping them from buying and selling securities and seeking disgorgement as well as huge civil fines along with cease and desist orders.

But the fun doesn’t stop there – since the 1934 Securities and Exchange Act makes these transactions void (15 US §78cc), OTC Market issuers may now be able to sue every one of their toxic convertible note lenders to rescind all of those transactions if they failed to register as a dealer under the ACT."

https://www.thebasilelawfirm.com/post/sec-finally-going-after-toxic-convertible-note-debt-lenders