Digital Brand Media and Marketing Group Inc (DBMM)

[Jetmek_03052]

An administrative procedure can be opened for a multitude of reasons - not just for severely late filings.

Potential violations of the securities laws, enforced by the Division, run the gamut from accounting and disclosure frauds, books and records violations, Ponzi schemes, and compliance failures associated with Bank Secrecy Act requirements.

There’s already been a few irregularities pointed out in regard to compensation figures listed in DBMM’s audited 10K’s. Who knows what will happen if they look harder at them.

We can see what a high regard the SEC has for Linda Perry and DBMM.

I doubt it would take much prodding of the SEC, to make them want to take a closer look at things.