According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against UBI Blockchain Internet Ltd. (UBIA), accusing it of failing to submit periodic reports as required. UBIA is a company registered in Delaware and located in Hong Kong, China, and its securities are registered with the SEC under Section 12(g) of the Securities Exchange Act. The SEC stated that the company has not submitted any periodic or other reports since the dismissal of the previous lawsuit against UBIA on June 2, 2023. UBIA's last periodic filing was a Form 10-Q as of May 31, 2019, which showed a net loss of $2,043,557 in the first nine months.