Replies to post #67818 on Rocky Mountain High Brands Inc (RMHB)

[pitts77h]

Well, I'd guess SEC suspension is probably #1.

Jerry has a number of serious problems. The whole bizarre "purchase" and "sale" of Dollar Shots Club raises all sorts of tax questions, and frequently the IRS and SEC will examine these sorts of transactions jointly.

If the SEC chose to examine the payments to stock promoters who have chosen to ignore section 17(b) of the Securities Act, welllll there's a whole messy can of worms, wouldn't you agree?

SECURITIES ACT OF 1933, Section 17(b)

(b) It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, 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.