Replies to post #213809 on Digital Brand Media and Marketing Group Inc (DBMM)

[johnydollar]

The review has to be granted first to overturn the judges rulling, if the commission doesn't grant the review the judge's decision stays. Jmho

[cardmaster114]

The SEC is in a tough position. It has a mandate to protect investors. The judge issued her decision because it protected investors. That is what she stated. If the short position does exist, the SEC has an obligation to protect those investors. They cannot do both. Someone has to lose. Since the naked short position is illegal, my guess the SEC will uphold the initial decision by the judge that no penalty is appropriate. That should be the final decision. If the short position does not exist, the decision may be a hybrid, maybe no revocation, but sanctions and or suspension.

[otterman]

Would you do your homework while the teacher was watching?

Filing on time while the SEC watched, with certain revocation if you messed up is hardly an accomplishment.

[thelimeyone]

DBMM

No new evidence presented in pfr, just a rehash of previous arguments that the judge has already ruled on in the ID. With no new evidence they are done.
Plus they have approval from Corporate that everything is in order.
Enforcement are out on a limb and there is no net to catch their fall. Bye SEC.

tlo.