Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 74

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 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 tentative settlement agreement to the Financial Markets Administrative Tribunal on or about August 19, 2025, and
the agreement will become final if the Tribunal approves the agreement. 

Although
we have concluded that our iGenius business unit operates generally in compliance with applicable securities rules and regulations, our
completed and pending settlements with the OSC and AMF could expose us to similar claims from other securities regulators in the United
States and in other foreign countries in which we operate. Were such claims to be made, we could be exposed to having to defend our business
model in protracted and costly legal disputes, or else engage in similar settlements in which we agree to limit the geographic scope
of our operations, either of which alternatives could have an adverse effect on our liquidity and operations.

ITEM
2 – UNREGISTERED SALES OF EQUITY