Investview (INVU) discloses UOKiK decision, potential PLN 14.7M fine and business impact

Rhea-AI Filing Summary

Investview, Inc. reported that the Polish Office of Competition and Consumer Protection (UOKiK) has issued an administrative decision against its iGenius unit in Poland. UOKiK found that aspects of the iGenius business model violate Polish laws on unfair commercial practices, including rules prohibiting pyramid-style promotional schemes, and imposed a fine of PLN 14,668,589 (approximately USD $4 million) plus a cease-and-desist order.

Investview disagrees with the decision based on its interpretation of Polish law and plans to use all available appeal rights before a Polish court, during which it expects to continue operating in Poland while evaluating potential business adjustments. The company warns that an unsuccessful appeal could lead to payment of the fine and require modification, suspension, or discontinuation of a material portion of its Polish iGenius operations, and that similar actions by other regulators in Europe or the United States could materially adversely affect its business, financial condition, results of operations, or prospects.

Positive

• None.

Negative

• Polish regulator decision with PLN 14,668,589 (about USD $4 million) fine and cease-and-desist order against the iGenius unit, with potential for materially adverse business and financial impact if appeals fail or other regulators act similarly.

Insights

Cross-border regulatory risk analyst

Regulatory decision in Poland creates meaningful legal, operational and earnings risk.

The Polish competition authority UOKiK has issued an administrative decision against Investview’s iGenius business in Poland, concluding that elements of its model violate national rules on unfair practices, including pyramid-style promotional schemes. The decision currently carries an administrative fine of PLN 14,668,589 (about USD $4 million) and a cease-and-desist order, although enforcement is stayed pending appeal to a Polish court.

Investview states it disagrees with UOKiK’s conclusions and intends to pursue all appeal and legal remedies, while continuing Polish operations in the normal course and considering operational changes. The company explicitly notes that an unsuccessful appeal could force it to pay the fine and to modify, suspend, or discontinue certain iGenius activities or a material portion of its Polish operations, with potential adverse effects on its business, financial condition, results of operations, or prospects.

The disclosure also highlights possible knock-on risk: similar inquiries or proceedings from other regulators in the European Union or the United States could lead to additional fines or decisions, which the company says could materially adversely impact operations in Europe or the United States, given the significance of iGenius to overall revenues and profitability. Future company reports relating to this matter will be important for understanding how the Polish court appeal and any other regulatory contacts evolve.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): December 29, 2025

INVESTVIEW, INC.

(Exact name of registrant as specified in its charter)

Nevada		000-27019		87-0369205
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

521 Lancaster Avenue, 2nd Floor Haverford, PA		19041
(Address of principal executive offices)		(Zip code)

Registrant’s Telephone Number, Including Area Code: 732-889-4300

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act: None

Title of each class Trading symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

Recently announced findings by the Polish Office of Competition and Consumer Protection (“UOKiK”) impose substantial fine and a cease-and-desist order finding that the Company’s iGenius unit violated Polish laws that prohibit pyramid-style promotional schemes.

On December 29, 2025, Investview, Inc. (the “Company”) received notice, through a press release issued by the Polish Office of Competition and Consumer Protection (“UOKiK”), that UOKiK issued a formal administrative decision concluding its investigation of the Company’s iGenius business operations in Poland. In its decision, UOKiK determined that certain aspects of the iGenius business model, as conducted in Poland, violate Polish laws relating to unfair commercial practices, including laws prohibiting pyramid-style promotional schemes.

The decision imposes an administrative fine of PLN 14,668,589 (approximately USD $4 million) and includes an order requiring the Company to cease and desist the practices described in the decision. Under the terms of the decision, enforcement of the fine and cease and desist components thereof, is not final and is subject to conclusion of any appeal to the competent Polish court.

The Company does not agree with the conclusions set forth in the decision based upon its interpretation of Polish law as applied to the manner in which iGenius sells its products and services in Poland and intends to avail itself of all procedural rights of appeal and legal remedies available under applicable law.

During the appeal process, the Company expects to continue operations in Poland in the normal course, while evaluating such operational adjustments as may be appropriate to further demonstrate that the iGenius operations in Poland do not constitute an unlawful pyramid scheme.

While we intend to vigorously defend ourselves against the UOKiK decision, if we are ultimately unsuccessful in our defense of the matter on appeal, we could, among other things, be subject to the administrative fine imposed and may be required to modify, suspend or discontinue certain aspects of the iGenius operations or a material portion of our operations in Poland, which such outcome could have an adverse effect on the Company’s business, financial condition, results of operations, or prospects. Although we are not aware of any other claims, there is a possible risk that we could become exposed to similar inquiries or proceedings from other regulators in the European Union or the United States, which such potential actions themselves could expose the Company to further fines or decisions which could have similar adverse impact on our operations in Europe or the United States, all of which could have a materially adverse impact on the Company’s business, financial condition, results of operations, or prospects given the significance of the iGenius operations to the overall size of the Company’s operations, revenues and profitability.

The Company will continue to monitor the matter and will provide updates as required by applicable law. The Company’s disclosure of this matter is intended solely to satisfy its reporting obligations and does not constitute an admission of liability.

Cautionary Note Regarding Forward-Looking Statements

All statements in this report on Form 8-K that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. Forward-looking statements in this Current Report on Form 8-K include statements regarding the recent administrative decision of the Polish Office of Competition and Consumer Protection (“UOKiK”) concluding its investigation of the Company’s iGenius business operations in Poland, the Company’s response to such administrative decision, the Company’s likely appeal of those findings to a Polish court, and the anticipated impact upon the Company as a result of the UOKiK decision and the Company’s likely appeal thereof. These forward-looking statements are based on the Company’s current beliefs and assumptions and information currently available to the Company and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, including risks and uncertainties surrounding, among others, the outcome of the Company’s defense of the UOKiK decision and the impact on the Company of the significant fine and cease-and-desist currently issued by UOKiK, although the UOKiK decision is not final and is subject to conclusion of any appeal to the competent Polish court; and the risk and uncertainty surrounding the Company’s exposure to any such claims; particularly if the Company legal appeal of the decision is unsuccessful; as well as any uncertainties to which the Company is subject; particularly given the risk factors that are identified in the Company’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year-ended December 31, 2024, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, during 2025, and all Company public reports filed with the U. S. Securities and Exchange Commission in the future that relate to this matter. There can be no assurances that the consequences of an unsuccessful challenge to the UOKiK decision will not be materially more adverse than those consequences anticipated in the Form 8-K The forward-looking statements made herein speak only as of the date of this report, and the Company assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	INVESTVIEW, INC.
Dated: January 5, 2026	By:	/s/ Ralph Valvano
		Ralph Valvano
		Secretary/Chief Financial Officer

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FAQ

What regulatory action did UOKiK take against Investview (INVU) and its iGenius unit?

The Polish Office of Competition and Consumer Protection (UOKiK) issued a formal administrative decision concluding its investigation of Investview’s iGenius operations in Poland. UOKiK determined that certain aspects of the iGenius business model violate Polish laws on unfair commercial practices, including rules prohibiting pyramid-style promotional schemes, and imposed a fine and cease-and-desist order.

How large is the fine UOKiK imposed on Investview’s iGenius operations in Poland?

The decision imposes an administrative fine of PLN 14,668,589, which the company describes as approximately USD $4 million, along with a related cease-and-desist order targeting the practices described in the decision.

Is the UOKiK fine and cease-and-desist order against Investview (INVU) final?

No. Investview states that, under the terms of the decision, enforcement of the fine and cease-and-desist provisions is not final and is subject to conclusion of any appeal to the competent Polish court. The company intends to avail itself of all procedural appeal rights and legal remedies.

How does Investview plan to respond to the UOKiK decision regarding iGenius in Poland?

Investview says it does not agree with UOKiK’s conclusions and plans to use all available appeal and legal remedies. During the appeal, it expects to continue operating in Poland in the normal course while evaluating operational adjustments that may further demonstrate that the iGenius operations in Poland do not constitute an unlawful pyramid scheme.

What potential impact could the UOKiK decision have on Investview’s business if appeals are unsuccessful?

The company notes that if it is ultimately unsuccessful in its defense on appeal, it could be required to pay the administrative fine and to modify, suspend, or discontinue certain aspects of iGenius operations or a material portion of its Polish operations. It cautions that this could adversely affect its business, financial condition, results of operations, or prospects.

Could Investview (INVU) face similar regulatory actions beyond Poland related to iGenius?

Yes. Investview discloses that, although it is not aware of other claims, there is a possible risk of similar inquiries or proceedings from other regulators in the European Union or the United States. Such actions could expose the company to further fines or decisions and could materially adversely impact its operations in Europe or the United States, given the significance of iGenius to overall operations, revenues, and profitability.