Defendant Name: Milton Charles (“Todd”) Ault III

Defendant Type: Individual

Initial Case Details

Legal Case Name In the Matter of Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation); Milton Charles (“Todd”) Ault III; and William B. Horne, CPA
First Document Date 15-Aug-2023
Initial Filing Format Administrative Action
File Number 3-21561
Allegation Type Issuer Reporting and Disclosure
AAER 4440

Affiliations

Violations Alleged

Exchange Act
• Sec 14(a)
• Rule 14a-3
• Rule 14a-9
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)
Other
• Rule 13b2-1 Exchange Act

Related Violations Alleged

Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 12b-20 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 13(a) of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 13a-1 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 13a-11 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 13a-13 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 14(a) of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 14a-3 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Rule 14a-9 of the Exchange Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 17(a)(2) of the Securities Act.
Milton Charles (“Todd”) Ault III is alleged to have caused Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)'s violation of Sec 17(a)(3) of the Securities Act.

Resolutions

First Resolution Date 15-Aug-2023
Headline Total Penalty and Disgorgement $235,504

Related Documents:

33-11222 15-Aug-2023 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order

Other Defendants in Action:

Ault Alliance, Inc. (f/k/a BitNile Holdings, Inc., Ault Global Holdings, Inc., DPW Holdings, Inc., and Digital Power Corporation)
William B. Horne, CPA