The investor should file a written complaint with CMIC stating the grounds for the complaint and attaching thereto documents to support the claim. If CMIC finds that there is probable cause for the complaint, CMIC will commence investigation.
A default judgment is a judgment entered by a civil court when a defendant does not respond timely to a plaintiffâs lawsuit brought against him.
The court may order a default judgement or give the defendant time to respond to the order of default. Once an order of default is issued, the defendant may file a motion to vacate, which is a written request to undo the order of default. A motion to strike a default judgement can be filed if a default judgement has already been ordered. In either motion, the defendant must provide the reason he was unable to respond to the complaint or order in time, along with a legal and factual basis for his defense.