Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 37

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 1
Chunk 37
---
 not the sale
or use of the underlying products or services being offered. By Polish statute, UOKiK is permitted to impose a fine of up to 3% of iGenius’
revenue in the year preceding the imposition of the penalty and/or be required to modify or suspend certain or a material portion of
our operations in Poland. 

Based
on our analysis of the applicable legal standards, and the tracking of our sales within Poland in which the predominant portion of our
sales consist of membership sales driven by our members, we believe that the iGenius direct selling business operating within Poland
complies with all applicable legal standards and we disagree with any claims to the contrary. Towards that end, we have retained Polish
counsel to vigorously defend us in the proceeding with the UOKiK. Despite our strong belief in our position, should we not succeed in
our defense of the matter, we could, among other things: be subject to financial fines and penalties; be required to modify or suspend
certain or a material portion of our operations in Poland; and become exposed to similar claims from other European regulators, which
itself could cause a cascading and similar adverse impact on our operations in Europe, all of which could have a materially adverse impact
on the Company. We continue to fully cooperate in these proceedings. It is still too early in the proceedings for us to draw a likely
conclusion on the outcome of the matter. 

We
have recently had to respond to allegations from Canadian Securities regulators that our iGenius business unit engaged in unlicensed
regulated securities activities; Our business could be negatively affected if we are required to defend similar allegations from securities
regulators in the United States or in other foreign countries in which we do business.

From
time to time, we receive notices or formal actions from foreign or domestic regulatory authorities or administrative agencies, which
assert that certain activities of our iGenius business constitute unlicensed activities as an unregistered securities dealer or advisor
under local laws. However, we do not believe that our iGenius business unit violates any such laws as we believe we are merely a provider
of financial education and related tools that access information that is available publicly or without a licensing requirement, or that
through affinity programs provide access to lawful services or products offered by third parties neither owned or operated by iGenius.
When we are confronted with such allegations, we may either elect to challenge the legal basis thereof when we believe it is appropriate
or economically compelling,