CISO Global seeks SEC no-action relief for investor-consent share loan program
CISO Global filed a no-action request with the SEC Staff on April 7, 2026, asking for confirmation that the Staff would not recommend enforcement under Rule 17Ad-20 if the company adopts a proposed Investor-Consent Share Loan Program. The filing contains no financial results or financial impact figures, and the company states there is no assurance the SEC Staff will grant relief or on what timing.
- No-action request submitted April 7, 2026, and announced in a press release dated April 8, 2026.
- Under the proposed program, shareholders would opt in before their shares are treated as available for securities lending, and could withdraw consent at any time.
- Any SEC Staff response would reflect the Staff's views only and would not be a formal rule, regulation, or Commission approval.
- Nick Morgan of the Investor Choice Advocates Network (ICAN) is assisting the company pro bono.