Replies to post #197398 on Arrayit Corporation (ARYC)

[lucky, mydog]

the only recourse for shareholders would be to file their own lawsuit.

[lucky, mydog]

I've had numerous communications with Schena that I relied on.

years ago, this is what i told pennystock alert.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126749488

[Alyssa]

Fair Funds and Disgorgement Funds

In civil court actions or in administrative hearings, the defendant (or respondent) can be ordered to pay disgorgement – a measure of the ill-gotten gains from the fraud. Where disgorgement is ordered, the judge or the Commission may also order that any money collected, including fines paid, be placed in a Fair Fund for distribution to investors who were the victims of the violation. Under this process, a plan for the administration and distribution of the funds will be developed. A claims administrator or disbursement agent often oversees the plan.

Commission rules on Fair Funds and Disgorgement Funds are available here.
https://www.sec.gov/litigation/fairfundlist.htm

A list of administrative proceedings where the Commission has required a distribution is available here.
https://www.sec.gov/litigation/fairfundlist.htm


https://www.sec.gov/fast-answers/answersrecoverfundshtm.ht