Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1233

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1233
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 OSC identified concerns that iGenius was selling ndau – which they considered an investment contract – and also noted
that 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 without the need to engage in a protracted and
costly legal dispute. Rather, we agreed with the OSC to 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 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