Firms FAKE OFFICES, Lie About Millions! SEC Cries Foul!

SEC v. Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., et al. — U.S. Securities and Exchange Commission Litigation Release No. 26416, dated November 17, 2025.

The SEC charged six investment advisory firms with lying on official filings submitted to the agency. These firms allegedly misrepresented their office locations, the amount of money they managed, and their client base. When asked to provide proof, the firms failed to respond, leading to SEC enforcement actions.

In Plain English

Imagine you're applying for a special license to manage people's savings. You have to fill out a form telling the government where your office is, how much money you manage, and who your clients are. These companies filled out that form but lied about where their offices were, how much money they managed (claiming millions when they likely had much less), and even claimed to have clients they didn't. When the government asked for proof, they refused to provide it, so now they're in trouble.

Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.

How the Alleged Scheme Worked

1. Claiming to be Investment Advisers Six entities, including Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., and Adamant Stone Limited, presented themselves as investment advisers.
2. Filing False Information on Form ADV These entities filed Forms ADV with the SEC, which are used to register as investment advisers. In these forms, they made material misrepresentations about their organizations, office locations, assets under management, and clients.
3. Misrepresenting Office Locations Bluesky Eagle and Supreme Power claimed to operate out of office space in New York City, while AI Financial, AI Investment, Invesco Alpha, and Adamant Stone claimed to operate out of Denver, Colorado. The current business occupants of these claimed office spaces had no knowledge of these entities or their purported management personnel.
4. Inflating Assets Under Management The firms falsely claimed to manage significant assets in the United States. Specifically, Bluesky Eagle, Supreme Power, AI Financial, and Adamant Stone each claimed to manage $10 million, Invesco Alpha claimed $5 million, and AI Investment claimed $1 million.
5. Fabricating Client and Fund Information Each firm claimed to advise a private fund. They also asserted that a separate registered investment adviser was reporting information about these private funds on its own Form ADV, which was found to be untrue.
6. Falsely Claiming Public Company Status Bluesky Eagle and Supreme Power additionally claimed to be public companies. However, searches of the SEC's public company database yielded no information on either entity.
7. Ignoring SEC Requests for Substantiation When the SEC requested records to substantiate the information provided on their Forms ADV, including the claimed assets under management, all six entities failed to respond.

The Enforcement Action

The Securities and Exchange Commission (SEC) announced charges against six purported investment advisers: Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., and Adamant Stone Limited. The SEC alleges these entities made material misrepresentations and unsubstantiated statements in their Forms ADV filed with the agency, including false claims about their organizations, office locations, assets under management, and clients. The complaints were filed separately in the U.S. District Courts for the Southern District of New York and the District of Colorado. The SEC is seeking injunctive relief and civil penalties. The SEC's investigation is ongoing.

Named in this action: Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., Adamant Stone Limited.

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