The S.E.C. has issued a standing order preventing chargebacks against those purchases/investments.

The S.E.C. has issued a standing order preventing chargebacks against those purchases/investments. Any customer requesting a chargeback or refund either through their credit card issuer or bank are in violation of the order. Specifically, users are prohibited from “using self help (including, without limitation, initiating or processing chargebacks of any monies used to purchase or upgrade membership units in or with 12DP) or executing or issuing or causing the execution or issuance of any court attachment, subpoena, replevin, execution or other process for the purpose of impounding or taking possession of or interfering with”.

For a copy of the complete S.E.C. order, visit:

http://blog.1informative.com/sec_v_johnson_etal.pdf