Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 168

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 3
Chunk 168
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 they had 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.

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 tentative settlement agreement with the AMF
to resolve the matter. In the tentative settlement agreement, iGenius tentatively 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 tentatively accept 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 AMF and iGenius
will present the