Golden Heaven Group Holdings Ltd (GDHG)

[janice shell]

Just a reminder:

Don't forget that Securities Act disclosure!!

Section 17(b) of the Securities Act of 1933 ("the Securities Act") mandates that if a person is paid by an issuer to promote a security, the person must disclose the nature, source and amount of such compensation.2 Specifically, Section 17(b), also known as the anti-touting provision, makes it unlawful for any person to:

"publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof."3

To establish a Section 17(b) violation, "a person must (1) publish or otherwise circulate (using a means of interstate commerce), (2) a notice or type of communication (which describes a security), (3) for consideration received (past, currently, or prospectively, directly or indirectly), (4) without full disclosure of the consideration received and the amount."4 To that end, Section 17(b) was designed to protect the public from publications that "purport to give an unbiased opinion but which opinions in reality are bought and paid for."5

The SEC Continues to Prove it is the Most Powerful Influencer: How to Avoid Touting Charges

https://www.whitecase.com/insight-alert/sec-continues-prove-it-most-powerful-influencer-how-avoid-touting-charges