Cointime

Cointime

Download App
iOS & Android
Home / Point

SEC Charges 38 Entities with False Filings and Files Lawsuit

The U.S. Securities and Exchange Commission (SEC) has charged 38 entities with making significant false statements on Form ADV between 2025 and 2026, attempting to present themselves as legitimate consulting firms targeting U.S. investors. The SEC stated that some of these entities are located overseas, using foreign IP addresses to connect to the filing system, and provided false office addresses, invalid phone numbers, and unverifiable ownership and fund audit information in their documents. Some websites displayed fraudulent registration certificates. The SEC has filed a lawsuit in the U.S. District Court for the District of Colorado, seeking a permanent injunction, a ban on their submission of exempt report advisor filings, civil penalties, and has removed the relevant filing documents of these 38 entities from its official website.

Comments

All Comments

Recommended for you

  • Trump Administration Plans New Rules to Limit Remote Access to U.S. Advanced AI Chip Computing Power

    According to The Information, the Trump administration is exploring a regulatory framework for artificial intelligence chips aimed at restricting the remote acquisition of computing resources from advanced AI chips in the United States. An internal team at the U.S. Department of Commerce is developing alternative measures to prevent geopolitical competitors from accessing advanced AI chips through remote means such as cloud computing. The rule is still in the drafting stage, and specific restrictions have not yet been clarified.

  • Trump Administration Plans New Rules to Limit Remote Access to Advanced AI Chip Power

    According to The Information, the Trump administration is exploring a regulatory framework for artificial intelligence chips aimed at restricting the remote acquisition of computing power from advanced AI chips in the United States. An internal team at the U.S. Department of Commerce is developing alternatives to limit geopolitical competitors' access to advanced AI chips through remote means such as cloud computing. The rule is in the drafting stage, and specific restrictions have not yet been clarified.

  • Fed's Harker: The Fed Should Raise Rates, Waiting Will Only Bring Pain

    Fed's Harker: The Fed should take action to raise interest rates, waiting will only bring pain. (Jin Shi)

  • Federal Reserve's Harker: Fed Should Raise Interest Rates, Waiting Will Only Bring Pain

    Federal Reserve's Harker: The Fed should take action to raise interest rates, as waiting will only bring pain. (Jin Shi)

  • SEC Charges 38 Entities for False Filings, Lawsuit Filed

    The U.S. Securities and Exchange Commission (SEC) has charged 38 entities with making significant false statements on ADV forms between 2025 and 2026, attempting to present themselves as legitimate advisory firms targeting U.S. investors. The SEC stated that some of these entities are located overseas, using foreign IP addresses to connect to the filing system, and have provided false office addresses, invalid phone numbers, and unverifiable ownership and fund audit information in their documents. Some websites displayed fraudulent registration certificates. The SEC has filed a lawsuit in the U.S. District Court for the District of Colorado, seeking a permanent injunction, a ban on their submission of exempt report advisory filings, and civil penalties. Additionally, the SEC has removed the relevant filing documents for these 38 entities from its official website.

  • Commerzbank: Dollar Under Pressure if Waller Hints at New Inflation Metric

    On August 28, Friday, the dollar remained near a one-week high against major currencies as investors stayed cautious ahead of Federal Reserve Chair Waller's upcoming speech at the Jackson Hole Global Central Bank Conference. With U.S. inflation consistently above the 2% target level, traders have priced in at least one rate hike of 25 basis points from the Fed this year, which has supported the dollar's performance in recent trading days. The market generally hopes to gain more insights into monetary policy and the U.S. Treasury's efforts to lower long-term financing costs from Waller's speech, especially given the recent volatility in the bond market. However, analysts believe that since Waller has been reluctant to provide clear forward guidance, he is more likely to discuss the latest developments of the five special working groups established during his early tenure at the Fed. Volkmar Baur, a foreign exchange and commodities analyst at Commerzbank, noted in a report that Waller has repeatedly emphasized in recent weeks that the Fed's 2% inflation target is non-negotiable, but he has never explicitly mentioned the PCE price index in this context. Baur suggests that the Fed may at least be considering adopting different measures of inflation. He stated that if Waller signals something similar, it could weaken market expectations for further rate hikes and be interpreted as a dovish signal, potentially putting pressure on the dollar.

  • Deutsche Bank: Dollar Under Pressure if Waller Hints at New Inflation Metric

    On August 28, Friday, the dollar remained near a one-week high against major currencies as investors stayed cautious ahead of Federal Reserve Chairman Waller's upcoming speech at the Jackson Hole Global Central Bank Annual Meeting. With U.S. inflation consistently above the 2% target level, traders have priced in at least one rate hike of 25 basis points by the Fed this year, which has supported the dollar's performance in recent trading days. The market broadly hopes to gain more insights from Waller's speech regarding monetary policy and the U.S. Treasury's efforts to lower long-term financing costs, especially given the recent volatility in the bond market. However, analysts believe that since Waller has been reluctant to provide clear forward guidance, he is more likely to discuss the latest developments of the five special working groups established during his early tenure at the Fed. Volkmar Baur, a foreign exchange and commodities analyst at Deutsche Bank, stated in a report that Waller has repeatedly emphasized in recent weeks that the Fed's 2% inflation target is non-negotiable, but he has never explicitly mentioned the PCE price index in this context. Baur believes that the Fed may at least be considering adopting different inflation measurement metrics. He noted that if Waller signals such a possibility, it could weaken market expectations for further rate hikes and be interpreted as a dovish signal, potentially putting pressure on the dollar.

  • Trump Claims Strait is Open, US Officials Say Iran's Leverage is Diminishing

    On August 28, it was reported that since the outbreak of war at the end of February, the Strait of Hormuz has been Iran's most powerful leverage. However, US officials stated that over the past two months, the US military has gradually weakened Iran's control over this critical waterway. They believe that the situation in the Strait of Hormuz has been reversed and that this could become a turning point in the war, potentially easing the global economy and paving the way for a better agreement with Iran. In a phone interview with Axios on Thursday, US President Trump stated, 'It's open there (the Strait of Hormuz), and Iran's response has been very mild. They do not want us to take action against them again. That's the key. Everything else is unimportant.' It is reported that after the breakdown of the US-Iran memorandum, the US military began taking unilateral actions to reopen the Strait of Hormuz. These actions include the formation of a task force in cooperation with the UAE to guide ships through the southern route of the Strait while providing aerial cover and intercepting drone and cruise missile attacks launched by Iran. A two-week bombing campaign significantly weakened the capabilities of the Iranian Revolutionary Guard to attack vessels passing through the strait. A mine-clearing operation involved Navy divers, SEALs, underwater and surface drones, and private contractors to detect and eliminate mines. The blockade of Iranian ports has been restored.

  • Trump Claims Strait is Open, US Officials Say Iran's Leverage is Diminishing

    On August 28, news emerged that since the outbreak of war in late February, the Strait of Hormuz has been Iran's most powerful leverage. However, US officials stated that over the past two months, the US military has gradually weakened Iran's control over this critical waterway. They believe that the situation in the Strait of Hormuz has been reversed, which could become a turning point in the war, potentially easing the global economy and paving the way for a better agreement with Iran. In a phone interview with Axios on Thursday, US President Trump stated, 'It’s open over there (the Strait of Hormuz), and Iran’s response has been very mild. They don’t want us to take action against them again. That’s the key. Everything else is unimportant.' Following the breakdown of the US-Iran memorandum, the US military began unilateral actions to reopen the Strait of Hormuz. These actions include the establishment of a task force in cooperation with the UAE to guide ships through the southern channel of the Strait, providing aerial cover for vessels, and intercepting drone and cruise missile attacks launched by Iran. A two-week bombing campaign significantly weakened the capabilities of the Iranian Revolutionary Guard to attack vessels passing through the Strait. A mine-clearing operation involved Navy divers, SEALs, underwater and surface drones, and private contractors to detect and remove mines. The blockade of Iranian ports has been restored.

  • Japan Invests $96.4 Billion in One Month to Support Yen, Record Intervention Scale

    On August 28, Japan invested a record $96.4 billion over the past month to support the yen, which had previously fallen to its lowest level in 40 years. This underscores the Japanese authorities' willingness to take increasingly strong measures to support the yen's exchange rate. Data released by the Japanese Ministry of Finance on Friday showed that from July 30 to August 26, the Japanese government intervened in the foreign exchange market with a total of 15.4 trillion yen, setting a record for monthly intervention amounts. This intervention was also supported by the United States, further warning speculators not to bet on a decline in the yen. Japanese Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen confirmed in early August that the two countries coordinated their intervention on July 31. Both officials stated that they are prepared to intervene in the market again without hesitation if necessary. The funds contributed by the U.S. are not included in the data released by the Japanese Ministry of Finance and are expected to be smaller in scale, but their symbolic significance is more important.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company