In re Planpromatrix Online Co.

November 11, 2019SEC CDO CASE NO. 06-19-052IN THE MATTER OF: PLANPROMATRIX ONLINE CO.ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.RESOLUTIONFor consideration of the Commission En Banc (En Banc) is the Motion to Lift the Cease and Desist Order dated 16 July 2019 (Motion) filed 1 by Planpromatrix Online Co (PPM) through counsel.RELEVANT FACTSOn 16 July 2019 the En Banc issued a Cease and Desist Order (CDO) against PPM after it was established by substantial evidence by the Enforcement and Investor Protection Department (EIPD) that PPM was engaged in the unauthorized selling and/or offering for sale of unregistered securities in the form of investment contracts to the public without the requisite secondary license from the Securities and Exchange Commission (Commission).The CDO was served by the Commission's designated sheriff on 25 July 2019 and it was posted in PPM's principal place of business. The Motion was time filed on 30 July 2019 as it was made, within the five (5)-day reglementary period provided under the Securities Regulation Code (SRC) and the 2016 Rules of Procedure of the Commission...