SEC Charges Investview, Inc. for the Unregistered Offer and Sale of Securities

ADMINISTRATIVE PROCEEDING
File No. 3-22423

January 17, 2025 – The Securities and Exchange Commission today announced settled charges against Investview, Inc. for its unregistered sales of over $21 million of securities related to a sale/leaseback program. 

According to the SEC’s Order, from July 2019 through June 2020, Investview sold, both directly and through distributors, securities in a sale/leaseback program called “the Apex Program” to more than 500 investors.  The Order finds that investors purchasing interests in the Apex Program entered into contracts to buy Apex Packs, which were purportedly used to mine bitcoin and perform other technology-related functions to generate returns, described as “lease payments” to investors.  The Order further finds that Investview was involved in various aspects of offering and selling the interests in the Apex Program, including developing the structure of the program and engaging in general solicitation.  According to the Order, Investview did not file or cause to be filed or in effect a registration statement with the Commission in connection with the offer and sale of the interests in the Apex Program, and no exemption to registration was available.  

The SEC’s Order finds that Investview violated Sections 5(a) and 5(c) of the Securities Act of 1933.  Without admitting or denying the Order’s findings, Investview agreed to a cease-and-desist order and to pay a civil penalty of $375,000. 

The SEC’s investigation was conducted by Craig Welter, Ariel Atlas, Christopher Ferrante, Diego Brucculeri and Alison Conn, and was supervised by Thomas P. Smith, Jr., all of the New York Regional Office.