Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 25

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 3
Chunk 25
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 concerns about certain third-party product offerings and access to market experts that were made available to iGenius customers.
Even though we believe that our iGenius business fully complies with all applicable securities laws, due to the immaterial scope and
scale of our operations in Ontario, Canada, we elected to settle the matter with the OSC and conclude the inquiry by implementing a geoblock
throughout Ontario such that no Ontario-based customers would be able to access any of the disputed product offerings.

40

Later
in 2024, we and one of our independent distributors received an enforcement action from the financial regulators in Quebec, Canada, known
as the Autorité des marchés financiers (the “AMF”), in which they challenged certain marketing communications
made by this particular distributor that they characterized as “inappropriate”, and as well, alleged that iGenius was inappropriately
engaging in regulated securities activity without being appropriately registered to do so in Quebec. In discussions with the AMF, it
became clear that the focus of their inquiry was on certain “touting” of financial results by this particular distributor
which we concluded was unauthorized and in violation of our own internal policies and we terminated the distributor. As well, the AMF
asserted that iGenius acted in contravention of securities regulations that require registration to effectuate the sale of securities
in Quebec, by failing to register with the AMF while enabling its members to gain access to certain third-party “robotic”
trading platforms, even though iGenius, among others: (x) derives no direct financial benefit from these introductions; and (b) has no
involvement with the provision of services by the third-party to whom its members are introduced. Even though we believe that our iGenius
business fully complies with all applicable securities laws, due to the immaterial scope and scale of our operations in Quebec, Canada,
we have entered into a settlement agreement with the AMF to resolve the matter. In the settlement agreement, iGenius agreed to pay a
CAD $15,000 administrative penalty, institute an online geoblock throughout Canada preventing customer access to certain third-party
providers of robotic trading platforms, and accepted the AMF’s position that iGenius introduced its members to third-party software
providers without being registered with the AMF in contravention of Section 148 of the Quebec Securities Act. The Financial Markets Administrative
Tribunal approved the settlement agreement in an order dated August