Wisdom Capital Management Group Ltd.

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26600 / August 5, 2026 Securities and Exchange Commission v. Wisdom Capital Management Group Ltd., No. 1:24-cv-02501-JMC (D.D.C. filed Aug. 30, 2024) Court Enters Final Judgment against Investment Adviser That Made Misrepresentations in SEC Filing On August 3, 2026, the U.S. District Court for the District of Columbia entered a final judgment against purported investment adviser Wisdom Capital Management Group Ltd. for making material misrepresentations and unsubstantiated statements in a form filed with the SEC. Among other things, the judgment orders the defendant to pay over $1.1 million. The SEC’s complaint , filed on August 20, 2024, alleged that in its December 2023 Form ADV, Wisdom claimed that it is an Exempt Reporting Adviser (a category of private fund advisers that are not required to register with the SEC); that it is also a public company operating out of office space on Wall Street in New York City; that it manages $10 million in private funds in the United States; that it advises two private funds; and that a separate registered investment adviser reports information about these two private funds on its own Form ADV. Contrary to Wisdom's representations, the complaint alleged, the current business resident of the New York office space had no knowledge of Wisdom or its purported management personnel, and the other adviser has not reported information about the two purported private funds. The complaint also alleged that the Commission had not found any reporting of information about these two private funds on other filings with the SEC, and that a search of the Commission's public company database yielded no information on Wisdom. Additionally, the complaint alleged that Wisdom failed to respond to requests by the Commission to provide records to substantiate the information on the Form ADV. The final judgment, which was entered by default, enjoins Wisdom from future violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940. The judgment also enjoins Wisdom, its owners, and its executive officers from filing a Form ADV as an Exempt Reporting Adviser. In addition, the judgment orders Wisdom to pay a civil penalty of $1,152,316. The SEC's investigation is ongoing and is being conducted by Alexandra Lavin, Xinyue Angela Lin, David London, Sarah McAteer, Ryan Murphy, Michele Perillo, and Dahlia Rin of the SEC's Boston Regional Office. Resources <ul class="field