Jul 30, 2021 5:33 PM ET
Legal Newswire POWERED BY LAW.COM
The investigation that gave rise to this SEC lawsuit is about Vuuzle TV, Vumu Music, and its motion picture studio and Television production company in Dubai. The SEC filled a fraud case against the company and Flynn without every seeking out any information whatsoever from Vuuzle during its investigation.
There were no requests to Vuuzle to provide information voluntarily. There were no administrative subpoenas to Vuuzle. Voluntary requests or administrative subpoenas to the corporation with active business operations which are usual hallmarks of a fair fact-finding regulatory investigation that should precede any SEC Enforcement action.
There was not even a Wells Notice to afford Vuuzle the opportunity to dissuade the SEC from filing a case. Undoubtedly, to the SEC’s dismay, Vuuzle answered the Complaint, disputing the SEC’s narrative and conveying that Vuuzle is a…