ADMINISTRATIVE PROCEEDING
File No. 3-21674

September 18, 2023 - The Securities and Exchange Commission today announced settled charges against Thomasville, Georgia-based GGToor, Inc. arising from its offer and sale of securities in offerings that failed to comply with Regulation A's limited exemption from registration under the Securities Act of 1933.

According to the SEC's order, between August 2020 and October 2022, GGToor raised more than $2.1 million selling shares that did not qualify for an exemption from registration. The SEC found that GGToor obtained initial qualification from the SEC under Regulation A, which allows companies to offer and sell unregistered securities if they meet specific requirements. According to the order, GGToor failed to meet Regulation A's requirements for changing the price of shares offered and filing updated financial statements.

The order charges GGToor with violating the registration requirements of Section 5(a) and 5(c) of the Securities Act. Without admitting or denying the SEC's findings, GGToor agreed to cease and desist from violations of Section 5 and to pay a $40,000 civil penalty.

The SEC's investigation was conducted by Jen Peltz and Som P. Dalal and supervised by Anne Graber Blazek, all of the Chicago Regional Office. Staff in the SEC's Division of Examinations and Division of Corporation Finance assisted in the investigation.