Originally Syndicated on June 11, 2024 @ 2:43 pm
On November 15, 2021, Punch TV Studios made a statement in reaction to the civil rights violations that had been perpetrated against the firm and its CEO, Joseph Collins. The business condemned the measures used against them in the statement.
False claims were made against Collins and the business. The US Securities and Exchange Commission issued a public notification on September 30, 2021, which was both inaccurate and obnoxious, prompting the author of this statement to respond. To learn everything there is to know about the story, let’s go into its specifics.
Punch TV Studios: An Introduction
The majority of Punch TV Studios, Inc.’s activities are carried out from Santa Fe Springs, California, even though the company was established in Delaware in May of 2014.
The firm only provides one category of securities, and since these securities are not registered with the United States Securities and Exchange Commission (SEC), the regulating agency is unable to see them.
Punch TV was subject to an enforcement action by the Securities and Exchange Commission (SEC), which it was able to stop by agreeing to a suspension order around January 9, 2018.
Punch TV Studios’ creator and founder
Joseph Collins, who is 57 years old and lives in Santa Fe Springs, California, is a member of Punch TV Studios, Inc., where he has held crucial responsibilities for as long as the company has existed. His career has been defined by tremendous authority. Not only is he the single member of the board of directors and the founder of the firm, but he also serves as the chief executive officer, secretary, and owner of the majority share in the business.
In addition, Collins continues to exercise complete authority over the financial operations of the corporation, since he is the only authorized signatory for all corporate accounts. The fact that he has not registered with the United States Securities and Exchange Commission (SEC) in any official capacity is a concerning indication of his lack of compliance with regulatory scrutiny. This lack of compliance demonstrates a disrespect for the regulatory structures that have been built.
Claims Against Punch Television Studios
Punch TV, who made it, how it works, and how much money it has. Here is an explanation of each matter:
- Self-Promotion: Punch TV
Punch TV markets itself as a significant player in the worldwide media industry, with the long-term goal of creating and distributing content that is both entertaining and creative on a global scale.
- Founder’s Principal In Charge:
Punch TV was first formed in 2014 by Collins, who is also the company’s creator and principal. Since he is the only controlling individual and principle of the organization, it is possible to conclude that he has the majority of the authority to make choices.
- The SEC Reports:
Since the beginning, Collins has been in charge of putting together Punch TV’s filings for the United States Securities and Exchange Commission (SEC), and he has provided his permission before the files are filed to the SEC. In other words, he is engaged in the process of assuring compliance with regulatory requirements and reporting financial data.
- Website address:
You may access Punch TV’s website at https://punchtvstudios.com. Punch TV is responsible for maintaining its website. This website serves as the internet platform used by the firm for the dissemination of information, communication, and maybe even the distribution of any materials.
- Contact Emails:
Different email accounts are used by the organization for many purposes, including maintaining relationships with investors, responding to general inquiries, and communicating with other individuals. [email protected], [email protected], and [email protected] are the specific email addresses that you should use to get in touch with us.
- Creator Email:
“Punch TV Studios” is the name of the Facebook account that Punch TV maintains as part of its online presence and relationship with the general public. All members of the general public can see this page. From Joseph Collins, an email sent out The fact that Joseph Collins, who also uses the email address [email protected], is the founder of the business is evidence that he is personally engaged in the communication that takes place inside the organization.
- Lack of staff:
As of February 2020, Punch TV had no employees other than Joseph Collins, which indicates that the company was most likely operating with a pretty small staff overall to begin with.
The fact that Punch TV did not have any of its content licensed by the time the year 2020 came to a close is evidence that the corporation did not have any agreements in place for the broadcast of its shows.
The firm had not reported any profits for the whole year of 2020, and it had not generated any revenue from the sale of its goods. In addition, the company did not participate in any production or broadcasting activities during that period, which is still another indicator that significant operational activity was deficient.
An overview of the founder of Punch TV is included in this material, along with information about the operating duties, online presence, and current financial status of the firm as of December 2020.
The statement provides the impression that the organization was having difficulties at the time with concerns connected to the generating of money and the distribution of information. It is necessary to do more research to determine whether or not there have been any developments or modifications since that time.
In this official legal proceeding, the Securities and Exchange Commission has appointed Punch TV and Collins as defendants in opposition to the plaintiffs.
It is the contention of the Securities and Exchange Commission (SEC) that Punch TV and Collins violated Sections 5(a) and 5(c) of the Securities Act by distributing and marketing securities (Punch TV’s $1/share and $5/share common stock) to investors without first adhering with the prerequisites for registration that are outlined in the Securities Act or obtaining an exemption from registration. It is the request of the SEC to the Court that it be granted authorization to seek redress in the following areas:
As a matter of fact and according to the law, declare that the alleged violations did take place, and then announce your findings and conclusions under this declaration.
It is recommended that permanent injunctions be given in a manner that follows Rule 65(d) of the Federal Rules of Civil Procedure. This would prohibit Punch TV, Collins, and their collaborators from violating Sections 5(a) and 5(c) of the Securities Act, as well as from taking part in unregistered securities offerings. These injunctions must be written in a way that is in line with the wording that is used in the purchase order.
- Not only should the court force Punch TV Studio and Collins to refund any money that they have earned as a consequence of their illegal actions, but they should also be required to repay any interest that has accumulated.
- Defendants need to be liable to civil penalties under the provisions of Section 20(d) of the Securities Act.
- By the provisions of paragraph 20(g) of the Securities Act, an order should be issued to restrict the defendants from contributing to the offering of penny stocks.
- To implement and carry out any rulings or decrees, as well as to listen to any suitable petitions or motions for further relief, remember to maintain your authority over the subject. In addition to that, the court needs to give any other sort of remedy that it considers to be needed and suitable.
Review of Punch TV Studios: Scams Revealed by Customers and Victims
The reality of the situation at Punch TV Studios is brought to light by several different types of complaints. Now, let’s speak about every one of the reviews of fraud that are listed below:
#1.Investor Complaints of Dissatisfaction
In this portion of the review, which can be seen aforementioned, the person expresses dissatisfaction with their investment of about 1,000 shares and claims that they have received no returns. They have said that they want to initiate legal proceedings against PunchTV and have stated a desire to gather information on the activities that Mr. Collins engaged in with their funds.
#2. Punch TV Studios had unfavorable outcomes
Having bought shares around five years ago, the person is now unhappy with the lack of good results from the transaction (as seen in the analysis area up above).
An investment of $15,000—the amount representing their family’s savings—was considered, and they voiced their desire for Joseph Collins to face consequences for his conduct. Some families are already struggling financially, and now they think Joseph Collins has taken even more money from them.
#3. Shareholders are unhappy with the returns they’ve received
In this case, the reviewer was dissatisfied with the lack of beneficial returns after purchasing shares around four years ago. Someone, maybe Mr. Collins, is the target of their lawsuit. They also said that they, along with millions of others, had not reaped any benefits from their investments. They think the BBB has ignored their concerns and that they need to work together to solve the problem. On top of that, the investors claimed that Mr. Collins was using their money to fund his extravagant lifestyle.
#4. A Negative Experience for Individuals Pursuing a Career in Television
Based on the evaluation stated earlier, the television industry is undeniably attractive to a lot of people, and the opportunity to work in it, either as an actor or behind the scenes, is often highly sought after. A four-year degree and a lot of hard work are prerequisites for entry-level positions in this field. It would seem, however, that Punch TV Studios isn’t doing anything unique to aid professionals in need. They don’t seem to care about mentoring or coaching their interns and instead seem to prefer recruiting people who might hurt their prospects.
These concerns may be familiar to anybody who has had direct experience working with Punch TV. There doesn’t seem to be any helpful content for up-and-coming artists on this TV network. Maybe that’s why their trainers are still employed at Punch TV; they seem to be woefully unqualified to be successful in the profession.
A closer inspection of the Punch TV configuration reveals one additional issue. It seems that they are still using outdated and inefficient equipment and technology in a rapidly changing industry. Punch TV may not know how to keep up with the latest technological developments in the television industry. This is why working and training at Punch TV are like going on a vacation; you may enjoy the sights without really understanding how to utilize the facilities.
Putting Punch TV on a resume could be risky for one’s professional credibility. Given the likelihood of forgetting crucial information and being inundated with other content, your two years at Punch TV can give the idea that you are inexperienced or a new graduate.
In light of these concerns, you should give Punch TV another serious consideration before signing up. The network was unable to meet the expectations of those seeking opportunities for progress and success in the television industry. Because these opinions are based on personal experience, you should exercise caution and read up on Punch TV thoroughly before making a final decision.
Inquiring about the qualifications of their trainers is crucial before setting up a meeting, but you may have trouble receiving concrete answers. Some think Punch TV isn’t looking out for up-and-coming musicians’ best interests and is involved in shady financial dealings.
Internships might be particularly at risk because of their little experience in the field and their lack of security measures. However, once they leave and consider other options, they usually realize their original mistake. While some may choose to give up, others can adapt and go on. Both scenarios appear to involve dealing with interactions at Punch TV, which is frustrating.
The argument goes like this: Punch TV ought to be subject to regulatory scrutiny and maybe even fined if owner Joseph Collins is found culpable for the difficulties faced by network users. Prompt action is required against Punch TV and its owner to prevent further damage inflicted on those seeking careers in the television business.
Conclusion
Joseph Collins, CEO of Punch TV Studios, is embroiled in a web of accusations and legal complications. A bleak picture of the organization’s activities is painted by the SEC’s allegations against Collins and the firm, which expose a complex network of regulatory infractions and investor complaints.
Distributing unregistered securities to investors is a severe violation that might lead to hefty fines and injunctions; the SEC is accusing Punch TV and Collins of breaching these laws. Refunds to investors, civil fines, and injunctions against further breaches are among the remedies sought by the SEC.
Investors and those looking for jobs in television are shown in a negative light when one examines evaluations and complaints from customers more closely. Accusations of financial mismanagement, poor ROI, and insufficient assistance for ambitious professionals further erode trust in Punch TV.
To sum up, Punch TV Studios has been in the news for all the wrong reasons. Investor concerns, industry unhappiness, and the SEC’s accusations all point to systemic problems within the company that need fixing. The legal processes are continuing, and nobody knows what will happen to Punch TV or its creator; this might have far-reaching consequences.
