Digital Brand Media and Marketing Group Inc (DBMM)

[MU_Redskin1]

Expecting the 'Order of Finality' Monday 03/06/2023

https://www.sec.gov/alj/aljdec/2019/id1389cff.pdf

While revocation is not “necessary or appropriate for the protection of investors,” neither is suspension. Digital Brand’s reporting is now current, but suspension would relieve it of the requirement of filing periodic reports for the period of the suspension. Depriving investors of current financial information would be an undesirable consequence of a suspension and, contrary to the primary purpose of the reporting requirements of the Exchange Act, antithetical to “the protection of investors.” Even so, Digital Brand should be aware that further violations of its periodic reporting timeliness and completeness obligations may mark it as a recidivist and invite further scrutiny from Commission staff.
In conclusion, the violations alleged in the OIP are proven, but no available sanction is
appropriate. Thus, this proceeding will be dismissed.
V. ORDER
IT IS ORDERED that this administrative proceeding IS DISMISSED.
This Initial Decision shall become effective in accordance with and subject to the
provisions of Rule 360 of the Commission’s Rules of Practice, 17 C.F.R. § 201.360.
_____________________________
Carol Fox Foelak
Administrative Law Judge

GLTA DBMM 2.0!

Cheers, Red