The SEC has sued 38 entities for allegedly making material false statements in Form ADV filings submitted between 2025 and 2026 to present themselves as legitimate U.S. investment advisers and attract retail investors.
The regulator said some entities appear to have accessed the SEC filing system from overseas and used false addresses, invalid phone numbers, and forged SEC registration certificates. The SEC has removed the filings and is seeking permanent injunctions, filing restrictions, and civil penalties.
SEC Sues 38 Entities Over Allegedly False Adviser Filings
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.