On April 20, 2026, the U.S. District Court for the District of Colorado entered a final judgment by default against purported investment adviser filed with he SEC as an exempt reporting adviser (ERA), AI Investment Education Foundation Ltd., in connection with previously filed charges for making material misrepresentations and unsubstantiated statements in Form ADV. The firm reported that it operates from office space in Denver; that it manages $1 million in assets in the United States; that it advises a private fund; and that a separate registered investment adviser (RIA) reports information about the private fund on its own Form ADV. Contrary to AI Investment Education's representations, the complaint alleged that the business occupant of the Denver office space had no knowledge of AI Investment Education or its purported Chief Executive Officer, and the separate RIA had not reported information about the purported private fund. The complaint also alleged that the Commission had not found any reporting of information about the private fund on other filings with the SEC, and that a search of the SEC's public company database yielded no information on AI Investment Education. Additionally, the SEC alleged that AI Investment Education failed to respond to a request by SEC attorneys to provide records to substantiate the information on its Form ADV. The firm was enjoined and ordered to pay a civil penalty of $1,182,254. This was part of an enforcement sweep focused on Form ADV misrepresentations, serving as a reminder of ensuring that all information in those forms is accurate and can be supported.