The U.S. District Court for the District of Colorado entered a final judgment by default against purported investment adviser Invesco Alpha Inc. on September 9, 2026, over previously filed SEC charges involving material misrepresentations and unsubstantiated statements in a Form ADV. The judgment permanently restricts certain future filings and orders the company to pay a civil penalty of $1,182,254.
The SEC filed its complaint on November 13, 2025, alleging that Invesco Alpha made several representations in its June 2024 Form ADV. According to the complaint, the company represented that it was an Exempt Reporting Adviser, a category of private fund advisers not required to register with the SEC; operated from office space in the Denver area; managed $5 million in assets in the United States; advised a private fund; and had a separate registered investment adviser reporting information about that fund on its own Form ADV.
The complaint alleged that those representations were contradicted by the SEC’s findings. The business occupying the identified Denver-area office space allegedly had no knowledge of Invesco Alpha or its purported Chief Executive Officer, while the separate registered investment adviser had not reported information about the purported private fund. The SEC also alleged that it found no reporting about the fund in other filings with the Commission and that a search of its public company database produced no information on Invesco Alpha.
In addition, the SEC alleged that Invesco Alpha did not respond when Commission attorneys requested records substantiating the information in its Form ADV. The final judgment permanently enjoins the company from future violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940. It also permanently enjoins Invesco Alpha, its owners, and its executive officers from filing a Form ADV as an Exempt Reporting Adviser.
The litigation was 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. The SEC acknowledged assistance from the Financial Industry Regulatory Authority.