Artificial Intelligence Technology Solutions Inc (AITX)

[Milesblue42]

Could the Securities Exchange charge Mivil Deschenes??

Could AITX Advisory Board member Mivil Deschenes and other AITX insiders possibly be charged by the United States Securities Exchange Commission for Securities fraud??





https://aitx.ai/mivil-deschenes/



https://www.sec.gov/news/press-release/2023-234

Accountability and Remedial Measures Against Individuals

Individual accountability remains a pillar of the SEC’s enforcement program. In fiscal year 2023, approximately two-thirds of the SEC’s cases involved charges against one or more individuals. In addition, to protect investors from future violations, the SEC obtained 133 orders barring individuals from serving as officers and directors of public companies, the highest number in a decade.

Cases that resulted in officer and director bars or other industry bars—among other remedies—against individuals included:

A former Wells Fargo executive was barred from serving as an officer or director of a public company as part of a settlement of fraud charges for misleading investors about the success of Wells Fargo’s core business. The former executive also agreed to pay a $3 million civil penalty and more than $1.9 million in disgorgement and prejudgment interest;
The former CEO of McDonald’s was barred from serving as an officer or director for five years to settle fraud charges for making false and misleading statements about the circumstances leading to his termination from McDonald’s. The former CEO also agreed to pay a $400,000 civil penalty; and
Telecommunications company Pareteum Corp.’s former controller was barred from serving as an officer or director and denied the privilege of appearing or practicing before the Commission as an accountant as part of a settlement in a matter relating to his role in an allegedly fraudulent revenue recognition scheme.