The United States Securities and Exchange Commission has instituted proceedings against 38 entities for false declarations

ON 28 AUGUST, THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION CHARGED 38 ENTITIES WITH MAKING MATERIAL MISREPRESENTATIONS IN THE ADV FORM BETWEEN 2025 AND 2026, IN AN ATTEMPT TO PACKAGE THEMSELVES AS LEGAL CONSULTING FIRMS FOR AMERICAN INVESTORS. ACCORDING TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION, SOME ENTITIES ARE LOCATED OVERSEAS, USING AN OFF-SHORE IP ADDRESS TO CONNECT TO THE FILING SYSTEM, AND FILE FALSE OFFICE ADDRESSES, INVALID TELEPHONE CALLS AND UNVERIFIABLE OWNERSHIP AND FUND AUDIT INFORMATION, AND SOME WEBSITES DISPLAY FALSE REGISTRATION CERTIFICATES. THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION HAS INITIATED PROCEEDINGS IN THE FEDERAL DISTRICT COURT OF COLORADO SEEKING A PERMANENT INJUNCTION, A RESTRAINING ORDER FOR THE DECLARATION OF CONDUCT BY ITS CONSULTANT FOR THE SUBMISSION OF AN EXEMPTION REPORT AND A CIVIL FINE, AND HAS REMOVED THE RELEVANT DECLARATIONS FROM THE NETWORK OF OFFICIALS OF THE 38 ENTITIES。