ALL SGG MEMBERS TO READ THIS...
Email sent to United States Swiss Gold Global Members
from Bill Rowell CEO.
Hello …
we wish to inform all members of a CEASE & DESIST order received from Securities Commissioner for the State of South Carolina USA.
Swiss Gold Global and Genesis Mining Ltd are named as the respondents in the Cease & Desist Order.
Both Swiss Gold Global and Genesis Mining Ltd have 30 days to respond to the Cease and Desist Order from the time of serving. We are aware of this through the internet but have not yet legally been served the notice.
Swiss Gold Global and Genesis Mining Ltd (this is not to be interpreted as an official response from Genesis Mining Ltd) intentions are always to perform our duties in good faith and within the law.
Any comments or references made here is not a legal statement as we the company have not received legal counsel regarding this Cease and Desist Order and therefore this information at this time is for information purposes.
Summary of Cease & Desist Order as per IV. CONCLUSIONS OF LAW
a. The South Carolina Uniform Securities Act of 2005, S.C. Code Ann. 35-1-101, et seq., governs the offer and sale of securities in this State. (South Carolina USA)
Pursuant to S.C. Code Ann. 35-1-102(29), investment contracts constitute securities, and an investment contract includes an investment of money in a common enterprise with the expectation of profits to be derived primarily from the efforts of a person other than the investor.
Pursuant to S.C. Code Ann. 35-1-301, it is unlawful for a person to offer or sell a security in this State (South Carolina, USA) unless that security is a federal covered security, exempt from registration, or registered.
b. The Mining Contracts offered and sold by the Respondents constitute investment contracts and are thus securities as defined by the Act.
c. In connection with the events above, Respondent Swiss Gold Global transacted business in this State as an unregistered broker-dealer in violation of S.C Code Ann. 35.1.401(a).
Respectfully yours
William Rowell
CEO / FOUNDER
Swiss Gold Global