Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1232

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1232
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 which compensate participants primarily for recruiting additional participants without
significant emphasis on product sales, whereas the more successful direct selling business models have and emphasize sales of products
and services. The regulatory requirements concerning direct selling programs do not include “bright line” rules and are inherently
fact-based and, thus, we are subject to the risk that these regulations or the enforcement or interpretation of these regulations by
regulators or courts can change. The adoption of new regulations, or changes in the interpretations or enforcement of existing regulations,
may result in significant compliance costs or require us to change or cease aspects of our network marketing program. In addition, the
ambiguity surrounding these regulations can also affect the public perception of our business. In the normal course of operations, we
may periodically receive an inquiry from a foreign regulator relative to matters of this nature, however, to our knowledge we are not
under formal investigation relative to the practices of our direct selling network activities in any foreign country.

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, or in the instances in which the financial impact of the relief sought is de minimis, we may elect to settle
with any such regulator, often without admitting any violation of law. Towards that end, we have recently been the target of regulatory
scrutiny by securities regulators in Canada. During 2024, we received a letter of inquiry from the Ontario Securities Commission (“OSC”)
in which they questioned whether iGenius was engaged in securities activities without being registered under their securities act. Specifically,
the