Youngevity has had their securities revoked as part of a settlement reached with the SEC.

This includes Youngevity’s shares, which previously traded under the ticker YGYI.

For reasons that haven’t been clarified, Youngevity has failed to file any reports with the SEC since 2020. This resulted in the SEC
initiating administrative proceedings against Youngevity
in September.

As a result of those proceedings, the SEC determined were warranted against Youngevity for violating the Securities and Exchange Act.

Settlement proceedings between Youngevity and the SEC resulted in the order revoking “of each class of securities of Youngevity International.”

The
SEC’s order
comes into effect as of December 6th, 2023.

In the lead up to the SEC’s order, Youngevity’s share price had dumpstered 99.95% over the past five years.

Youngevity also recently
canned its 8 Minute Trader forex opportunity
. Through 8 Minute Trader, Youngevity claimed participants could turn $2500 to over $130,000 within a year.

Notably, 8 Minute Trader was launched during the period Youngevity wasn’t filing with the SEC. In other words, Youngevity never disclosed or registered 8 Minute Trader with the SEC.

That said, whether Youngevity’s issues with the SEC are related to its 8 Minute Trader offering remain unclear.

🤖 Quick Answer

What were the reasons for Youngevity's securities revocation?
Youngevity's securities were revoked by the SEC following violations of the Securities and Exchange Act. The company failed to file required reports with the SEC since 2020, prompting administrative proceedings initiated in September. The settlement resulted in the revocation of all security classes effective December 6th, 2023.

How did this regulatory action affect Youngevity's market position?
Following the SEC's enforcement action, Youngevity's share price, which previously traded under ticker YGYI, experienced significant decline. The revocation order eliminated the company's ability to trade publicly, resulting in complete loss of market access and shareholder value in the securities markets.

What was the timeline of the SEC enforcement proceedings against Youngevity?
The SEC initiated administrative proceedings against Youngevity in September after discovering non-compliance dating back to 2020

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