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Re: None

Wednesday, 05/18/2022 2:32:53 AM

Wednesday, May 18, 2022 2:32:53 AM

Post# of 1144
SEC Update

From yesterday's 10-KT:

During the nine months ended December 31, 2021 we were not involved in any material legal proceedings, however, we have received a subpoena from the United States Securities and Exchange Commission (“SEC”) for the production of documents.

We have reason to believe that the focus of the SEC’s inquiry involves whether certain federal securities laws were violated in connection with, among other things, the offer and sale of our now discontinued Apex sale and leaseback program, the operation of our direct selling network now known as iGenius, and the offer and sale of cryptocurrency products.

In the subpoena, the SEC advised that the investigation does not mean that the SEC has concluded that we or anyone else has violated federal securities laws and or any other law.

We believe that we have complied at all times with the federal securities laws. However, we are aware of the evolving SEC commentary and rulemaking process relative to the characterization of cryptocurrency products under federal securities laws that is sweeping through a large number of businesses that operate within the cryptocurrency sector.

We intend to cooperate fully with the SEC’s investigation and will continue to work with outside counsel to review the matter.



So the investigation is about Apex, which crashed near two years ago. And or, iGenius, the multi level marketing dollar spinner for INVU. Well in part iGenius is a straight up pyramid scheme but that is FTC territory not SEC.

Again, and or their cryptocurrency products. NDAU feels like a standard pump and dump scheme. But CRYPTOelete really gives the SEC something to sniff around. A pure passive income opportunity soliciting US investors without any US securities registration.

To say INVU would never be stupid enough to be on the wrong side of the law like that are forgetting 2018 settlement between INVU and the CFTC in which "Wealth Generators" (iGenius' previous name) would up drop one of their "product offerings," a passive income FX deal and paying out a $150K fine.

So as things stand we don't know which of iGenius' product offerings has drawn the ire of the SEC but eventually it will be revealed.