SEC investigation into Rumble Inc. concluded, no actions recommended

by | Feb 21, 2024

The latest regulatory clearance for a social media platform that promotes free speech globally was announced by the U.S. Securities and Exchange Commission after its investigation into Rumble Inc. The SEC will not recommend any actions against the video-sharing website.

According to SEC Assistant Regional Director Sarah Mallett, who was contacted by Just the News on Tuesday, “We have concluded the investigation into Rumble Inc. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against rumble INC.”

The platform might not be entirely in the clear, the SEC continued to issue a warning.

“We are providing this notice under the guidelines set out in the final paragraph of Securities Act Release No. 5310, which states in part that the notice ‘must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff's investigation,” Mallett also wrote.

The timing coincides with last weeks announcement that, after nearly two years of delays, Truth Social, the social media platform founded by President Donald Trump, had successfully resolved its final regulatory hurdle with the SEC and was now able to combine with Digital World Acquisition Corp.

Source: Just The News

 

 

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