Data443 Risk Mitigation Inc (ATDS)

[Bubae]

A note about SEC investigations. They are requesting transparency concerning last years Dataexpress deal in the inquiry. Big question is did the lack of required transparency in the filings have an adverse effect on shareholders and to what degree? Looks like information was omitted from the filings and the SEC wants to see it. I would think Jason would be cooperating at this point if there is no fire and just smoke. Especially given that the reverse split was announced a month after the deal which effectively wiped out shareholders.

"SEC investigations are generally conducted on a confidential basis to maximize their effectiveness and protect the privacy of those involved. Because SEC investigations are generally nonpublic, Enforcement will not confirm or deny the existence of an investigation unless the SEC brings charges against a person or entity involved. Enforcement also will not provide updates on the status of any pending SEC investigation."

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_investigations.html