![](https://investorshub.advfn.com/uicon/57148.png?cb=1482262108)
Monday, May 29, 2023 3:55:32 PM
On June 5, 2023 the SEC will hopefully set DBMM free causing price appreciation reaching a new 52 week high. https://www.sec.gov/litigation/opinions/2023/34-97047.pdf
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
Recent DBMM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 09:32:32 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/29/2023 09:31:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/17/2023 09:15:45 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM