In June of 2016, Mr. Steven J. Muehler reached a settlement with the United States Securities and Exchange Commission in regards to alleged violations of 15(b) and 21C of the Securities Act of 1934.
The violations stemmed from Mr. Muehler's involvement with "GLOBALCROWD TV" and the "ALTERNATIVE SECURITIES MARKET EXCHANGE" (also known as THE ASMX). Though Mr. Steven J. Muehler did agree that there were violations of the Securities Act of 1934, it is important for all members of the general public to know that NOT A SINGLE INVESTOR was involved in the proceeding, and there there was absolutely no loss of any investment capital from any investor.
A complete copy of the order is available on the SEC's website (click here).
The violations occurred when GlobalCrowdTV and the Alternative Securities Markets Exchange engaged in "Broker Dealer Services" with entrepreneurs, which included upfront payments for services to be rendered by GlobalCrowdTV and/or the Alternative Securities Market Exchange, prior to GlobalCrowdTV or the Alternative Securities Market Exchange being a properly registered Broker Dealer (though the firm was pending a properly filed Broker Dealer Application with FINRA).
Because issuers of securities had engaged either GlobalCrowdTV and/or the Alternative Securities Markets Exchange (and partially paid for the services through upfront fees), and those companies had details about a forthcoming public offering of securities (though no securities were ever offered to be sold, or ever sold, nor was their an ability for an investor to invest in securities if they wanted to) published on a public website, Muehler and the companies had engaged in a "public offering of securities" as defined under the Securities Act of 1934.
As part of the settlement with the SEC, Mr. Steven J. Muehler (along with GlobalCrowdTV and the Alternative Securities Market Exchange) agreed to a full reimbursement of all upfront fees to all entrepreneurs who paid for services, and a small penalty. As part of this settlement, Mr. Muehler has agreed to not participate in Penny Stock Offerings and not engage in Broker Dealer activities.
In March of 2018, the SEC engaged me in a civil case that is to be heard later in 2018 in the United States District Court of Central California. Though I believe the case is completely baseless and without merit, and should be dismissed, to be fair to both parties (the SEC and myself), I have provided links below to the SEC's Complaint, and then also to my response to the complaint.
It is important to again point out that to date, there has been zero loss of any investment capital, and that Muehler does not participate in any Offering of any Securities.
UPDATE: As of May of 2018, Mr. Muehler has entered into a settlement agreement with the United States Securities and Exchange Commission in regards to this matter. As part of this agreement, Mr. Muehler has agreed not to engage in any type of Securities Brokerage.