In an Form 10-K annual report published a few hours ago, Investview has revealed a $150,000 fine by the CFTC.

Specific details are sketchy, other than the company
‘received a subpoena from the United States Commodity Futures Trading Commission
‘ in February 2018.

Rather than fight the matter and clear their name, Investview settled for a $150,000 fine. The company also agreed to ‘
not to act as an unregistered Commodities Trading Advisor in the future
‘.

I was hoping for more specific details from the CFTC, however as at the time of publication the proposed settlement still appears to be pending approval.

As such there’s no formal record of the settlement on the CFTC website yet.

If word on the grapevine is to be believed, the CFTC took issue with Investview providing a “mirror trading” service to Wealth Generators affiliates.

This saw Wealth Generators affiliates able to mirror provided trades on Facebook, which the CFTC interpreted as Investview providing investment advice.

In March 2018 Investview announced it was changing the name of Wealth Generators to Kuvera Global.

Whether the name-change is related to the CFTC’s investigation into Wealth Generators is unclear.

A 2017
Form 8-K filing by Investview
details a “Material Definitive Agreement” between it and Wealth Generators.

A disclosure toward the end of the filing reveals this is not the first time Wealth Generators has had a run in with the CFTC.

In May 2016, Wealth Generators, LLC, received a written request for production of documents from the Commodity Futures Trading Commission (the “CFTC”) that appeared to have been focused on claims made by Wealth Generators about the performance of its trading recommendations.

Wealth Generators responded to that request for production and to several follow-up requests, with the last response from Wealth Generators having been submitted in November, 2016.

Wealth Generators has received no further communications from the CFTC since that date.

In light of Wealth Generators
entering the cryptocurrency mining market
in late 2017, BehindMLM has been critical of
Investview failing to acknowledge its Kuvera Wealth mining opportunity
in its SEC filings.

Investview’s recent 10-K filing does mention its cryptocurrency mining operations, but fails to go into specifics regarding the passive investment opportunity.

We offer Crypto Mining Packages that consist of computer/GPU hardware, operation and maintenance services to provide individuals access to crypto mining.

Our mining hardware (hosting) facility is arranged through contractual partnership and located in Romania.

Each GPU processing card is specific to the package purchased, is individually serial numbered, and the customer may request their hardware to be shipped to them at any time.

There is no guarantee or estimate of mining output provided as mining conditions change constantly and crypto currency is subject to a number of risks associated with emerging markets.

We believe

🤖 Quick Answer

What fine did the CFTC impose on Investview?
The CFTC fined Investview $150,000 following a subpoena issued in February 2018. The company settled without contesting the charges and agreed to cease operating as an unregistered Commodities Trading Advisor. The settlement details remained pending official approval at the time of disclosure in the Form 10-K report.

Why did Investview receive a CFTC subpoena?
Investview received a subpoena from the Commodity Futures Trading Commission in February 2018, reportedly related to providing unauthorized "mirror trading" services. Rather than contest the allegations, the company opted to settle the matter with the regulatory agency.

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