Wells Notice definition
Wells Notice means that notice from the staff of the SEC relating to MDLY’s and the Debtor’s previously-disclosed SEC investigation, dated May 7, 2021 and noticed to each of MDLY, the Debtor, and six pre-IPO owners of the Debtor, each of whom is a current or former officer, pursuant to which the Staff made a preliminary determination to recommend that the SEC file an enforcement action against MDLY, Medley LLC and each of the six pre-IPO owners of the Debtor that would allege certain violations of the federal securities laws.
Wells Notice means, with respect to any Person, a written notice by the staff of the Securities and Exchange Commission (the “SEC”) to the effect that the staff has completed an investigation of such Person and intends to recommend that the SEC take enforcement action against such Person in respect of alleged securities laws violations.
Wells Notice means that notice from the SEC relating to MDLY’s and the Debtor’s previously-disclosed SEC investigation, dated May 7, 2021 to the Wells Notice Parties, pursuant to which the SEC made a preliminary determination to recommend that the SEC file an enforcement action against the Wells Notice Parties that would allege certain violations of the Securities Act.