regulatory
confidence high
sentiment negative
materiality 0.70
Investview settles SEC inquiry over unregistered Apex Program; pays $375K penalty
Investview, Inc.
- Agreed to pay $375K penalty and cease-and-desist for unregistered investment contracts (Apex Program, July 2019-June 2020).
- Neither admits nor denies SEC findings; program involved sale/leaseback of bitcoin mining server equipment.
- By December 2024, Company fully returned invested capital plus premium to each customer.
- CEO Victor Oviedo cites diversion of resources avoided; management cooperated and took remedial action.