Besides the exceptions described, is Learningrx 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?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
Neither the franchisor, nor any person or franchise broker 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, 15 U.S.C.A. 78a et seq., suspending or expelling such persons from membership in such association or exchange.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the California Multi State Addendum indicates that neither Learningrx, nor any person or franchise broker 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, 15 U.S.C.A. 78a et seq., suspending or expelling such persons from membership in such association or exchange. This statement specifically applies to California.
This means that in California, Learningrx and its representatives are not under any current legal restrictions from securities associations or exchanges that would prevent them from conducting business. This provides a level of assurance to potential franchisees in California that the company is in good standing with these regulatory bodies.
It is important to note that this statement is specific to California and pertains to orders from national securities associations or exchanges. The document does not provide information regarding injunctive or restrictive orders in other states or from other types of public agencies. A prospective franchisee should consult the FDD and ask Learningrx about any other legal restrictions in their specific state or region.