On July 23, 2013, the Financial Industry Regulatory Authority (FINRA) settled a regulatory complaint against Wade Bradley, who provided a statement of mitigating circumstances and neither admitted nor denied the findings . The penalty was a thirty-day suspension associating with any FINRA-member organization, and a $7,500 fine (payable if he re-registers with a FINRA firm). In 2013, several IndieVest investors launched an arbitration filing with FINRA against IndieVest and Bradley seeking $1.6 million to be returned to them. The investors alleged that Bradley illegitimately withdrew their funds from escrow despite the fact that the minimum amount had not been reached to break escrow. Bradley stated that he had believed that the minimum amount had been reached at the time he withdrew the funds. The investors alleged that Bradley's company Media Society, founded in late 2012 about seven months after IndieVest became dormant, was a successor entity that should have borne IndieVest's liabilities. Bradley responded that Media Society was a separate entity and not connected to IndieVest. In fall 2013, Comen VFX, a visual effects company, was awarded $119,649 in an arbitration judgement against IndieVest, after it was found that IndieVest had not paid for work performed on "Knights".