Is Amorino subject to any effective order from a national securities association?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
misappropriation of property; or unfair or deceptive practices or comparable allegations.
- D. No such party is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a Federal, State, or Canadian franchise, securities, antitrust, trade regulation or trade practice law, resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent."
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to the 2025 Amorino FDD, Item 22 addresses contracts and includes a section that speaks to legal compliance. Specifically, it states that no party is subject to any currently effective order of any national securities association or national securities exchange as defined in the Securities and Exchange Act of 1934, which suspends or expels such person from membership in such association or exchange.
This clause confirms that Amorino, its principals, and managers are not currently under any order from a national securities association or exchange. This is a standard disclosure in franchise agreements, intended to assure prospective franchisees that the franchisor is in good standing with regulatory bodies related to securities and exchanges.
For a prospective franchisee, this indicates that Amorino is not facing any current disciplinary actions from securities-related organizations. This can be seen as a positive sign, suggesting that the company adheres to regulatory standards in this area. However, it is essential for potential franchisees to conduct their own due diligence and consider all aspects of the franchise opportunity before making a decision.