CISO Global Inc. submitted a no-action request to the SEC on April 7, 2026, seeking confirmation that its proposed Investor-Consent Share Loan Program complies with Rule 17Ad-20 to give shareholders opt-in control over securities lending.
Key takeaways
Submitted no-action request to SEC Staff on April 7, 2026, for proposed Investor-Consent Share Loan Program.
Program requires affirmative shareholder opt-in before shares available for securities lending via intermediaries.
Assisted pro bono by Nick Morgan of ICAN and Mark Hiraide; seeks no enforcement action under Rule 17Ad-20.
Follows company review of short-volume data, fails-to-deliver in late 2025, and shareholder-record discrepancies.