A Colorado federal court set a 1,182,254 dollar civil penalty for unsupported statements in Invesco Alpha’s June 2024 Form ADV. It also permanently barred another filing under the exempt-reporting category and imposed an injunction covering the relevant recordkeeping and filing provisions.
The Colorado federal court set the civil penalty at 1,182,254 dollars. It permanently barred the adviser from submitting another Form ADV under the exempt-reporting category. The court also imposed an injunction covering the recordkeeping and filing provisions identified by the regulator. These remedies followed the court’s review of statements in the firm’s June 2024 filing.[1]
In its June 2024 Form ADV, the firm said it qualified for the exemption, worked from offices near Denver and managed 5 million dollars in United States assets. It also said a separate registered adviser had supplied information about one of its private funds. The court found that these representations lacked support.[1]
The business using the stated Denver-area premises did not know the firm or the person listed as its chief executive. The registered adviser named in the account had not filed information for the claimed private fund either. Those checks formed the factual basis for the court’s finding about the filing.[1]
