Digital Brand Media and Marketing Group Inc (DBMM)

[MU_Redskin1]

DISMISSED! SEC ruling in favor of DBMM! FINALLY!

https://www.sec.gov/litigation/apdocuments/ap-3-17990.xml

https://www.sec.gov/litigation/opinions/2023/33-11198.pdf

$DBMM today JUNE 2 2023. SEC dismissed a series of proceeding in front of the SEC Commision 1 of which is us!!!!!!!!!!!! BOOM CASE DISMISSED!!!! See last page I will screenshot. @HAMShortkiller @Dozer8210 @FaiJam3 @settlethetrades @DigitalClarity https://t.co/W5hBMZfzLI pic.twitter.com/IineFGfBCp

— RRR1 (@rrr1sr) June 3, 2023

What a shame we have been delayed and unfairly prevented from progressing by incompetent SEC staffers. Criminal actually!
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
November 12, 2019

Thankfully this punitive delay has finally been corrected by the SEC and DBMM can now look to a bright future!

Those synthetic naked short shares will cause the MOASS of a lifetime and I expect the SEC to support DBMM in the quest to clean up this mess as reparations for 19 months of injustice!

GLTA DBMM 2.0!

Cheers, Red