Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1090

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1090
---
 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 inappropriate marketing
communications they characterized as “inappropriate” made by this particular distributor, 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 raised concerns about certain “robotic” trading platforms that were made available to iGenius customers through third-party
products that iGenius makes available to its subscribers. 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 elected to engage in settlement discussions
with the AMF without the need to engage in a protracted and costly legal dispute. In addition to the termination of our distributor,
we have reached a tentative understanding in principle with the AMF by which we offered to institute in Quebec the same type of geoblock
that we implemented in Ontario, as well as agreed to pay a CAD $15,000 fine. The parties are negotiating the terms of a written settlement
agreement, and the agreement is still subject to AMF approval.

We
have carefully evaluated the basis for the claims asserted by the OSC and the AMF and we have concluded that our iGenius business unit
operates generally in compliance with applicable securities rules and regulations. Our completed and pending settlements, however, 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.

13

Our
independent distributors could fail to comply with applicable legal requirements or our distributor policies and procedures, which could
result in claims against us that could harm