Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

Interesting data to peruse in the SEC Annual Litigation Results :


In 2021, there were 120 cases of delinquent filings, or 17% of 697 total  SEC cases. In 2019, the year of DBMM’s Dismissal , there were 126 cases  or 14.6% of 862 cases.  In 2017, the year of DBMM’s OIP/AP there were 112 cases or 14.6% of 754 cases.


See the chart from 2021 so you see focus. Late filings are a de minimus percentage compared to the other categories which make money for the SEC. Yet the similarity in absolute numbers is almost a quota system.


Sharing a notation on this category:

“…typically micro cap—that were delinquent in Commission filings.”


IMO, DBMM ‘s mitigating circumstances were an anomaly and as such warrant a Final Order of the Nov 12,2019 Dismissal.



https://www.sec.gov/files/2021-238-addendum.pdf