INVESTVIEW, INC. ANNOUNCES SETTLEMENT OF OUTSTANDING SEC INQUIRY
Investview, Inc. (OTCQB: INVU) announced a settlement with the U.S. Securities and Exchange Commission (SEC) regarding an inquiry into its Apex Program, which involved the sale/leaseback of high-performance server equipment for bitcoin mining from July 2019 to June 2020. The SEC found that these were unregistered investment contracts, violating Sections 5(a) and 5(c) of the Securities Act of 1933. The company agreed to a $375,000 penalty and to cease further violations. Investview neither admitted nor denied the SEC's findings.
President James R. Bell highlighted proactive steps taken by current management, including winding down the Apex Program and returning invested capital with a premium to customers by December 2024. CEO Victor Oviedo emphasized the importance of resolving the matter to focus on growth initiatives and noted the company's full cooperation with the SEC and commitment to ethical standards.
Investview, Inc. (OTCQB: INVU) ha annunciato un accordo con la U.S. Securities and Exchange Commission (SEC) riguardo a un'inchiesta sul suo Apex Program, che ha coinvolto la vendita/locazione di attrezzature server ad alte prestazioni per il mining di bitcoin dal luglio 2019 al giugno 2020. La SEC ha rilevato che si trattava di contratti di investimento non registrati, in violazione delle Sezioni 5(a) e 5(c) del Securities Act del 1933. L'azienda ha accettato una sanzione di $375,000 e di cessare ulteriori violazioni. Investview non ha né ammesso né negato i rilievi della SEC.
Il Presidente James R. Bell ha evidenziato i passi proattivi intrapresi dall'attuale gestione, tra cui la chiusura del Apex Program e il rimborso del capitale investito con un premio ai clienti entro dicembre 2024. Il CEO Victor Oviedo ha sottolineato l'importanza di risolvere la questione per concentrarsi sulle iniziative di crescita e ha notato la piena cooperazione dell'azienda con la SEC e l'impegno verso standard etici.
Investview, Inc. (OTCQB: INVU) anunció un acuerdo con la Comisión de Valores y Bolsa de EE. UU. (SEC) respecto a una investigación sobre su Programa Apex, que involucró la venta/arrendamiento de equipos de servidor de alto rendimiento para la minería de bitcoin desde julio de 2019 hasta junio de 2020. La SEC encontró que se trataba de contratos de inversión no registrados, violando las Secciones 5(a) y 5(c) de la Ley de Valores de 1933. La compañía aceptó una multa de $375,000 y cesar futuras violaciones. Investview ni admitió ni negó los hallazgos de la SEC.
El presidente James R. Bell destacó los pasos proactivos que ha tomado la dirección actual, incluyendo la finalización del Programa Apex y el reembolso del capital invertido con un premium a los clientes para diciembre de 2024. El CEO Victor Oviedo enfatizó la importancia de resolver el asunto para enfocarse en las iniciativas de crecimiento y señaló la total cooperación de la empresa con la SEC y su compromiso con los estándares éticos.
Investview, Inc. (OTCQB: INVU)는 미국 증권 거래 위원회(SEC)와의 합의를 발표했습니다. 이는 2019년 7월부터 2020년 6월까지 비트코인 채굴을 위한 고성능 서버 장비의 매각/임대와 관련된 Apex 프로그램에 대한 조사에 관한 것입니다. SEC는 이들이 등록되지 않은 투자 계약으로, 1933년 증권법 5(a) 및 5(c)조를 위반했다고 밝혔습니다. 이 회사는 $375,000의 벌금에 동의하고 추가 위반을 중단하기로 했습니다. Investview는 SEC의 findings를 인정하지도 부인하지도 않았습니다.
회장 James R. Bell은 현재 경영진이 취한 적극적인 조치를 강조하며, Apex 프로그램을 종료하고 2024년 12월까지 고객에게 프리미엄을 포함하여 투자된 자본을 반환할 것이라고 밝혔습니다. CEO Victor Oviedo는 문제 해결의 중요성을 강조하며 성장 이니셔티브에 집중하고 SEC와의 완전한 협력과 윤리 기준에 대한 헌신을 언급했습니다.
Investview, Inc. (OTCQB: INVU) a annoncé un règlement avec la U.S. Securities and Exchange Commission (SEC) concernant une enquête sur son Programme Apex, qui impliquait la vente/location de matériel serveur haute performance pour le minage de bitcoin de juillet 2019 à juin 2020. La SEC a constaté qu'il s'agissait de contrats d'investissement non enregistrés, violant les Sections 5(a) et 5(c) de la Loi sur les valeurs mobilières de 1933. La société a accepté une amende de 375 000 $ et de cesser les violations futures. Investview n'a ni admis ni nié les constatations de la SEC.
Le président James R. Bell a souligné les mesures proactives prises par la direction actuelle, y compris la fermeture du Programme Apex et le remboursement du capital investi avec une prime aux clients d'ici décembre 2024. Le PDG Victor Oviedo a souligné l'importance de résoudre cette question afin de se concentrer sur les initiatives de croissance et a noté la pleine coopération de l'entreprise avec la SEC ainsi que son engagement envers des normes éthiques.
Investview, Inc. (OTCQB: INVU) gab eine Einigung mit der U.S. Securities and Exchange Commission (SEC) bekannt, bezüglich einer Untersuchung seines Apex-Programms, das den Verkauf/Leasing von Hochleistungsserver-Ausrüstung für das Bitcoin-Mining von Juli 2019 bis Juni 2020 beinhaltete. Die SEC stellte fest, dass es sich um nicht registrierte Investmentverträge handelte, die gegen die Abschnitte 5(a) und 5(c) des Securities Act von 1933 verstoßen. Das Unternehmen stimmte einer Strafe von 375.000 USD zu und gab an, weitere Verstöße zu unterlassen. Investview hat die Feststellungen der SEC weder bestätigt noch bestritten.
Präsident James R. Bell hob die proaktiven Schritte hervor, die das aktuelle Management unternommen hat, einschließlich der Schließung des Apex-Programms und der Rückzahlung des investierten Kapitals mit einer Prämie an die Kunden bis Dezember 2024. CEO Victor Oviedo betonte die Wichtigkeit, die Angelegenheit zu klären, um sich auf Wachstumsinitiativen zu konzentrieren, und stellte die vollständige Kooperation des Unternehmens mit der SEC sowie das Engagement für ethische Standards heraus.
- Resolution of SEC inquiry allows focus on growth initiatives.
- Full return of invested capital with premium to Apex Program customers.
- Proactive management steps to address regulatory issues.
- SEC found violations of Sections 5(a) and 5(c) of the Securities Act.
- Payment of $375,000 penalty to SEC.
HAVERFORD, PA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Investview, Inc. (OTCQB: INVU), operates a diversified financial technology services company offering multiple business units across key sectors. These include a financial education division offering tools, content, and research through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable and cost-effective blockchain business focused on bitcoin mining and transaction validation, announced today that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to resolve the SEC inquiry previously disclosed by the Company during November 2021.
The SEC Order, the factual and legal findings of which the Company neither admits nor denies, relates to a program developed by prior management involving the sale/leaseback of high-performance server equipment primarily used for bitcoin mining to investors from July 2019 through June 2020 (the “Apex Program”). As reflected in the Order, the SEC concluded that the interests the Company offered in connection with the Apex Program were unregistered investment contracts sold in violation of Sections 5(a) and 5(c) of the Securities Act of 1933, as amended (the “Securities Act”). As part of the settlement, the Company agreed to pay the SEC a penalty of
Company President, James R. Bell, noted the proactive steps taken by current management in 2020 and 2021 to not only wind down the Apex Program, but through December 2024, to have fully returned to each customer their invested capital, together with a premium. Mr. Bell further added, “we are pleased that we could resolve this matter with the SEC and begin to focus all of our time and attention on building our business and executing on our recently announced growth initiatives.”
Victor Oviedo, Company CEO, added, “we believe that it was in the best interest of the Company and our shareholders to have put this matter behind us; particularly given the diversion of resources and management’s time and attention had we been required to engage in a protracted regulatory dispute. Most importantly, we were pleased to have fully cooperated with the SEC throughout its inquiry and taken prompt and extensive remedial action to address the issues related to the Apex Program. The Company remains committed to operating with integrity and the highest ethical and governance standards to ensure that we comply with all applicable securities rules and regulations and remain trusted stewards for all of our loyal shareholders.”
About Investview, Inc.
Investview, Inc., a Nevada corporation, operates a diversified financial technology services company, offering multiple business units across key sectors. These include a financial education division offering tools, content, and research through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform business that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable and cost-effective blockchain business focused on bitcoin mining and transaction validation. For more information on Investview, please visit: www.investview.com. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management’s expectations.
Forward-Looking Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect that we will be able to fund the Company’s various growth initiatives through existing cash resources, or if additional capital is required, through the offer and sale of Company securities, either publicly or through private sources, or through borrowings from third-party sources. There can be no assurances that any such sources of funding will be available in the future on terms acceptable to the Company, if at all. Furthermore, our settlement with the SEC, in as much as it causes us to cease and desist from committing any further violations of Sections 5(a) and 5(c) of the Securities Act, could, absent an SEC waiver, impair our efforts to raise private capital under a commonly used exemption from the SEC’s registration requirements, which could make such financing efforts more difficult and less efficient. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
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Investor Relations
Contact: Ralph R. Valvano
Phone Number: 732.889.4300
Email: pr@investview.com
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