SEC Charges 38 Entities Over False Investment Adviser Filings
SEC enforcement action under Press Release 2026-148 targets fabricated adviser registrations that affect investor trust across markets.
The Securities and Exchange Commission charged 38 entities with using false filings to present themselves as registered investment advisers under Press Release 2026-148.
The filings created misleading public records that could lead investors to treat the entities as subject to regulatory oversight and disclosure duties.
Verification gap
No names of the 38 entities were released in the action, and no direct links to digital-asset platforms or protocols were identified.
Verification of any regulatory claim therefore remains the responsibility of investors and counterparties.