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 franchisor is not subject to any effective order of any national securities association or national securities exchange. This information is specific to California, as indicated in the Multi-State Addendum. This addendum modifies the standard Learningrx Franchise Disclosure Document to comply with California franchise law.
This statement assures prospective franchisees in California that Learningrx, as well as any persons or franchise brokers listed in Item 2 of the FDD, have not been suspended or expelled from any national securities association or exchange. This is a standard disclosure to meet regulatory requirements and provide transparency to potential investors.
It is important to note that this specific statement applies only to California. Franchisees in other states should refer to their respective state addenda (if any) within the FDD to determine if similar disclosures are made for their state. If no such disclosure exists, it does not necessarily mean there is an issue, but rather that the state law may not require such a specific statement.