Is City Publications subject to any effective order from a national securities association or exchange?

According to City Publications' 2025 Franchise Disclosure Document, neither City Publications nor any person identified in Item 2 of the FDD is subject to any currently effective order of any national securities association or national securities exchange as defined in the Securities Exchange Act of 1934. This information is specifically noted within the addendum for the state of California.

This statement assures prospective franchisees that City Publications and its associated individuals are in good standing with national securities associations or exchanges. It means that City Publications has not faced disciplinary actions like suspension or expulsion from these organizations, which could indicate regulatory or legal issues.

For a potential franchisee, this is a positive sign, suggesting that City Publications operates without significant regulatory blemishes related to securities matters. However, it is limited to securities associations and exchanges; it does not cover other potential legal or regulatory issues. Franchisees should still conduct thorough due diligence, including reviewing Item 3 of the FDD for details on litigation and other potential legal concerns, to get a comprehensive understanding of the company's legal and regulatory background.