Is Learningrx subject to a currently effective order of any national securities association suspending or expelling such person from membership in such association?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
- (C) Except as described above, neither we, our predecessor, a person identified in ITEM 2, nor an affiliate offering franchises under our principal trademark 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 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, Learningrx, its predecessors, individuals identified in Item 2, or any affiliates offering franchises under Learningrx's principal trademark are not subject to any currently effective order from a national securities association or exchange. This includes orders as defined in the Securities and Exchange Act of 1934, which would suspend or expel them from membership in such an association or exchange.
This statement assures potential franchisees that Learningrx and its associated parties have not faced disciplinary actions from national securities associations or exchanges that would impact their membership status. Such assurances are important for maintaining trust and credibility within the franchise system.
This information is part of additional disclosures required in Item 3 of the Franchise Disclosure Document, ensuring transparency regarding the background and legal standing of Learningrx and its related parties.