SEC Charges 38 Fake Advisers: How to Verify Any ERA Before You Invest
On August 27, 2026, the SEC filed 38 separate civil complaints in the U.S. District Court for the District of Colorado, alleging that 38 entities filed false Forms ADV between 2025 and 2026 to pose as
ERA vs. RIA: What Adviser Registration Actually Protects You From
On August 27, 2026, the SEC charged 38 entities with filing false Form ADVs that claimed Exempt Reporting Adviser (ERA) status, using that label to look legitimate to retail investors. Almost none of
Fake Advisory Firms Are Filing Real SEC Paperwork: What the 38-Entity Crackdown Reveals About EDGAR's Blind Spot
On August 27, 2026, the SEC charged 38 entities with filing fraudulent Form ADVs to pose as legitimate investment advisers, and the filings themselves were the crime scene: fake Colorado addresses, di
How to Verify an Investment Adviser Is Legitimate Before You Wire Money
On August 27, 2026, the SEC charged 38 entities with filing fraudulent Form ADVs to fake their way into looking like registered investment advisers, some listing Colorado addresses where they had no p
How to Vet an Emerging Manager's Debut Fund Before You Commit Capital
TL;DR: Before you wire a dollar to a first-time private equity or venture fund, run the checks institutional allocators run: verify the manager's track record actually belongs to them, pull their...