SEC Wins $1.18 Million Judgment Against Invesco Alpha Over Form ADV Claims
SEC wins $1.18 million default judgment against Invesco Alpha over alleged false Form ADV claims about assets, offices and a private fund in Colorado.
Summary
The U.S. District Court for the District of Colorado entered a default final judgment on September 9, 2026, against purported investment adviser Invesco Alpha Inc. The SEC’s November 13, 2025 complaint, Securities and Exchange Commission v. Invesco Alpha Inc., No. 1:25-cv-03651-NYW-KAS, alleged material misrepresentations and unsupported statements in a June 2024 Form ADV. Invesco Alpha claimed Exempt Reporting Adviser status, a Denver area office, $5 million of U.S. assets under management, a private fund and related reporting by a separate registered investment adviser.
The SEC alleged the office occupant knew neither Invesco Alpha nor its purported chief executive, the separate adviser had not reported the fund, other SEC filings contained no fund information, and the SEC’s public company database contained no Invesco Alpha records. The company also allegedly failed to provide requested substantiating records. The judgment permanently enjoins violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940, bars Invesco Alpha, its owners and executive officers from filing Form ADV as an Exempt Reporting Adviser, and imposes a $1,182,254 civil penalty. Alexandra Lavin, Xinyue Angela Lin, David London, Sarah McAteer, Ryan Murphy, Michele Perillo and Dahlia Rin of the SEC’s Boston Regional Office conducted the litigation, with Financial Industry Regulatory Authority assistance. The SEC published Litigation Release No. 26636 on September 11, 2026.
Positives
- The September 9 judgment permanently bars Invesco Alpha, its owners and executive officers from filing Form ADV as an Exempt Reporting Adviser.
- The $1,182,254 civil penalty creates a substantial consequence for the alleged filing misrepresentations and unsupported claims.
- Permanent injunctions under Sections 204(a) and 207 target future recordkeeping and filing violations.
- Financial Industry Regulatory Authority assistance strengthened the SEC’s enforcement effort.
Risks & concerns
- The SEC alleged Invesco Alpha falsely claimed $5 million of U.S. assets under management and advisory responsibility for a private fund.
- The purported Denver area office occupant reportedly knew neither Invesco Alpha nor its purported chief executive.
- The separate registered investment adviser had not reported the purported fund, while other SEC filings contained no fund information.
- Invesco Alpha allegedly failed to provide records requested by SEC attorneys to substantiate its June 2024 Form ADV.
- The court entered the final judgment by default and imposed permanent filing restrictions alongside the civil penalty.
