Replies to post #261914 on Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

They did not "win"!

They were found guilty, but the judge didn't feel the choices of sentences were appropriate, and effectively dropped the sentence to "time served".

And that sentence is currently still being contested!

FWIW, I personally think that was the appropriate sentence in this case, and have said so many times!




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[Jetmek_03052]

Amusing. Have they won? I see this proceeding STILL CONTINUING at present. If it isn't, please provide verifiable proof that it isn't.

The only "new precedent" that is trying to be set is not properly sanctioning a company that was guilty of the following:

"by failing to timely file required annual and quarterly reports, Digital Brand violated Exchange Act Section 13(a) and Rules 13a-1 and 13a-13."

That was stated right in the initial decision by the ALJ. Then she decided not to sanction them. Which is DIRECTLY against SEC Regulations.