July 2, 2020
SEC CDO CASE NO. 05-20-064
IN THE MATTER OF: CROWD1 ASIA PACIFIC, INC. (Sec Company Registration No. CS201917023)
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.
RESOLUTION
For consideration of the Commission En Banc ("Commission") is the Motion to Lift Cease and Desist Order Ad Cautelam ("Motion to Lift") filed by CROWD1 Asia Pacific, Inc. (CROWD1) through counsel, by electronic mail on 27 May 2020.
In its Motion to Lift, CROWD1 alleged that it has not yet received a copy of the Cease and Desist Order (CDO); hence, they are filling the Motion to Lift ad cautelam.
RELEVANT FACTS
On 5 May 2020, the Enforcement and Investor Protection Department ("EIPD") filed a Motion for Issuance of a Cease and Desist Order praying that an order be issued directing CROWD1, its directors, officers, partners, representatives, salesmen, agents and any and all persons and conduit entities acting for and its behalf, to cease and desist from engaging in the sale and/or offer unregistered securities in the form of investment contracts for want of the requisite registration statement duly filed with and approved by...
