Wednesday, September 21, 2022 8:03:18 PM
"The Court found Nutra Pharma and Deitsch violated Sections 5(a) and (c) of the Securities Act of 1933 through their unregistered offering of securities; that Nutra Pharma violated Section 13(a) of the Exchange Act of 1934 ("Exchange Act") and Rule 13a-11 thereunder for failing to file required Forms 8-K related to stock issuances; and that Deitsch violated Exchange Act Sections 13(d)(1) and 16(a) and Rules 13d-2(a) and 16a-3 thereunder by failing to make required filings about his beneficial ownership."
At best Deitsch will be banned from any Securities work for 5 years.
The SEC has put together the case against Deitsch and his time is over.
Deitsch better settle as a loss in court will result in a much harsher sentence - although civil we will see if this is turned over to the Justice Department.
IG
The First Casualty of Emotion is Reason.
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