SEC v. Bluesky Eagle Capital Management Ltd.; Supreme Power Capital Management Ltd.; AI Financial Education Foundation Ltd.; AI Investment Education Foundation Ltd.; Invesco Alpha Inc.; and Adamant Stone Limited, No. LR-26416, Southern District of New York (Nov. 17, 2025) — Press Release
raw: Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., Adamant Stone Limited
Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., Adamant Stone Limited, No. LR-26416 (S.D.N.Y. Nov. 17, 2025)
The SEC charged six investment advisers with making material misrepresentations in Form ADV filings regarding assets, locations, and company status to seek injunctive relief and civil penalties.
The SEC charged Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone with violating Sections 204(a) and 207 of the Investment Advisers Act of 1940. These entities allegedly falsified Form ADV data, claiming assets under management ranging from $1 million to $10 million and non-existent office locations in New York and Colorado. The Commission is now seeking injunctive relief and civil penalties against the six firms.
The SEC has filed charges against six investment advisers—Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone—for material misrepresentations in their Form ADV filings. The entities allegedly falsified information regarding their office locations, public company status, and assets under management, which ranged from $1 million to $10 million. Specifically, firms claimed to operate out of New York and Colorado offices where they had no actual presence, and Bluesky Eagle and Supreme Power falsely claimed to be public companies. Furthermore, the advisers failed to substantiate their claims or provide requested records to the Commission regarding their purported private funds. The SEC is pursuing violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940 through separate filings in New York and Colorado. The agency is seeking both injunctive relief and civil penalties to resolve the matter.
Exhibits & Attached Documents (5)
- complaint against Defendant Bluesky Eagle Capital Management Ltd. (“Bluesky”) and alleges as follows:
- complaint SEC v. ADAMANT STONE LIMITED
- complaint SEC v. AI FINANCIAL EDUCATION FOUNDATION LTD.
- complaint SEC v. AI INVESTMENT EDUCATION FOUNDATION LTD.
- complaint against Defendant Supreme Power Capital Management Ltd. (“Supreme Power”) and alleges as
Extracted insights
- $10.00M $10 million $10M–$100M
- $5.00M $5 million $1M–$10M
- $1.00M $1 million $1M–$10M
- company adamant stone limited
- company ai financial education foundation ltd.
- company ai investment education foundation ltd.
- company bluesky eagle capital management ltd.
- company invesco alpha inc.
- agency Securities and Exchange Commission
- company supreme power capital management ltd.
- company to manage $1 million in assets in the united states and to advise a private fund
- company to manage $5 million in assets in the united states and to advise a private fund
- Securities And Exchange Commission charged Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., and Adamant Stone Limited with making material misrepresentations in Forms ADV filed with the SEC
- Bluesky Eagle Capital Management Ltd. claimed to manage $10 million in assets in the United States and to advise a private fund
- Supreme Power Capital Management Ltd. claimed to manage $10 million in assets in the United States and to advise a private fund
- AI Financial Education Foundation Ltd. claimed to manage $10 million in assets in the United States and to advise a private fund
- AI Investment Education Foundation Ltd. claimed to manage $1 million in assets in the United States and to advise a private fund
- Invesco Alpha Inc. claimed to manage $5 million in assets in the United States and to advise a private fund
- Adamant Stone Limited claimed to manage $10 million in assets in the United States and to advise a private fund
- Bluesky Eagle Capital Management Ltd. claimed to be a public company operating out of office space in New York City
- Supreme Power Capital Management Ltd. claimed to be a public company operating out of office space in New York City
- AI Financial Education Foundation Ltd. claimed to operate out of office space in Denver, Colorado
- AI Investment Education Foundation Ltd. claimed to operate out of office space in Denver, Colorado
- Invesco Alpha Inc. claimed to operate out of office space in Denver, Colorado
- Adamant Stone Limited claimed to operate out of office space in Denver, Colorado
- Securities And Exchange Commission alleged that the current business residents of the New York and Colorado office spaces have no knowledge of the entities or their purported management personnel
- Securities And Exchange Commission alleged that a separate registered investment adviser has not reported information about the purported private funds
- Securities And Exchange Commission alleged that a search of the Commission’s public company database yields no information on Bluesky Eagle or Supreme Power
- Bluesky Eagle Capital Management Ltd. failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- Supreme Power Capital Management Ltd. failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- AI Financial Education Foundation Ltd. failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- AI Investment Education Foundation Ltd. failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- Invesco Alpha Inc. failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- Adamant Stone Limited failed to respond to requests by the Commission to provide records to substantiate information on Forms ADV
- Securities And Exchange Commission charged Bluesky Eagle Capital Management Ltd., Supreme Power Capital Management Ltd., AI Financial Education Foundation Ltd., AI Investment Education Foundation Ltd., Invesco Alpha Inc., and Adamant Stone Limited with violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940
- Securities And Exchange Commission seek injunctive relief and civil penalties against the six investment advisers
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26416 / November 17, 2025 Securities and Exchange Commission v. Bluesky Eagle Capital Management Ltd., No. 25cv09507 (S.D.N.Y. filed Nov. 13, 2025) Securities and Exchange Commission v. Supreme Power Capital Management, No. 25cv09505 (S.D.N.Y. filed Nov. 13, 2025) Securities and Exchange Commission v. AI Financial Education Foundation Ltd., No. 25cv03649 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. AI Investment Education Foundation Ltd., No. 25cv03650 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. Invesco Alpha Inc., No. 25cv03651 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. Adamant Stone Limited, No. 25cv03645 (D. Colo. filed Nov. 13, 2025) SEC Charges Six Investment Advisers with Making Misrepresentations in Forms Filed with the Agency The Securities and Exchange Commission today announced charges against purported investment advisers Bluesky Eagle Capital Management Ltd. (“Bluesky Eagle”), Supreme Power Capital Management Ltd. (“Supreme Power”), AI Financial Education Foundation Ltd. (“AI Financial”), AI Investment Education Foundation Ltd. (“AI Investment”), Invesco Alpha Inc. (“Invesco Alpha”), and Adamant Stone Limited (“Adamant Stone”), for making material misrepresentations and unsubstantiated statements in forms filed with the SEC regarding their organizations, office locations, assets under management, and clients. The SEC’s complaints, filed separately in the United States District Courts for the Southern District of New York (against Bluesky Eagle and Supreme Power) and the District of Colorado (against AI Financial, AI Investment, Invesco Alpha, and Adamant Stone), allege that the entities made misrepresentations in their Forms ADV filed with the SEC. Form ADV is used by investment advisers to register with both the SEC and state securities authorities. It requires the adviser to report information about its business, ownership, and other information. According to the SEC’s complaints, in their ADV filings made on various dates in 2023 and 2024, Bluesky Eagle, Supreme Power, AI Financial, and Adamant Stone each claimed to manage $10 million in assets in the United States, Invesco Alpha claimed to manage $5 million in assets, and AI Investment claimed to manage $1 million; and they each claimed to advise a private fund and that a separate registered investment adviser reported information about those private funds on its own Form ADV. In addition, according to the complaints, Bluesky Eagle and Supreme Power claimed that they are public companies operating out of office space in New York City. The complaints allege that AI Financial, AI Investment, Invesco Alpha, and Adamant Stone claimed that they operate out of office space in Denver, Colorado. Contrary to these representations, the complaints allege that the current business residents of the New York and Colorado office spaces have no knowledge of the entity or its purported management personnel claiming to operate there, and the other adviser has not reported information about the purported private funds. The complaints also allege that Bluesky Eagle and Supreme Power claimed to be public companies, but that a search of the Commission’s public company database yields no information on Bluesky Eagle or Supreme Power. Additionally, the complaints allege that Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone each failed to respond to requests by the Commission to provide records to substantiate the information on their Forms ADV, including the amount of assets under management in the United States. The SEC’s complaints charge Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone with violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940. The complaints seek injunctive relief and civil penalties. The SEC’s investigation is ongoing and is being conducted by Mark Albers, Alexandra Lavin, Xinyue Angela Lin, David London, Sarah McAteer, Samantha McGregor, Ryan Murphy, Dahlia Rin, and Michele Perillo, of the SEC’s Boston Regional Office. The SEC thanks the Financial Industry Regulatory Authority (FINRA) for its assistance in this matter.
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26416 / November 17, 2025 Securities and Exchange Commission v. Bluesky Eagle Capital Management Ltd., No. 25cv09507 (S.D.N.Y. filed Nov. 13, 2025) Securities and Exchange Commission v. Supreme Power Capital Management, No. 25cv09505 (S.D.N.Y. filed Nov. 13, 2025) Securities and Exchange Commission v. AI Financial Education Foundation Ltd., No. 25cv03649 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. AI Investment Education Foundation Ltd., No. 25cv03650 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. Invesco Alpha Inc., No. 25cv03651 (D. Colo. filed Nov. 13, 2025) Securities and Exchange Commission v. Adamant Stone Limited, No. 25cv03645 (D. Colo. filed Nov. 13, 2025) SEC Charges Six Investment Advisers with Making Misrepresentations in Forms Filed with the Agency The Securities and Exchange Commission today announced charges against purported investment advisers Bluesky Eagle Capital Management Ltd. (“Bluesky Eagle”), Supreme Power Capital Management Ltd. (“Supreme Power”), AI Financial Education Foundation Ltd. (“AI Financial”), AI Investment Education Foundation Ltd. (“AI Investment”), Invesco Alpha Inc. (“Invesco Alpha”), and Adamant Stone Limited (“Adamant Stone”), for making material misrepresentations and unsubstantiated statements in forms filed with the SEC regarding their organizations, office locations, assets under management, and clients. The SEC’s complaints, filed separately in the United States District Courts for the Southern District of New York (against Bluesky Eagle and Supreme Power) and the District of Colorado (against AI Financial, AI Investment, Invesco Alpha, and Adamant Stone), allege that the entities made misrepresentations in their Forms ADV filed with the SEC. Form ADV is used by investment advisers to register with both the SEC and state securities authorities. It requires the adviser to report information about its business, ownership, and other information. According to the SEC’s complaints, in their ADV filings made on various dates in 2023 and 2024, Bluesky Eagle, Supreme Power, AI Financial, and Adamant Stone each claimed to manage $10 million in assets in the United States, Invesco Alpha claimed to manage $5 million in assets, and AI Investment claimed to manage $1 million; and they each claimed to advise a private fund and that a separate registered investment adviser reported information about those private funds on its own Form ADV. In addition, according to the complaints, Bluesky Eagle and Supreme Power claimed that they are public companies operating out of office space in New York City. The complaints allege that AI Financial, AI Investment, Invesco Alpha, and Adamant Stone claimed that they operate out of office space in Denver, Colorado. Contrary to these representations, the complaints allege that the current business residents of the New York and Colorado office spaces have no knowledge of the entity or its purported management personnel claiming to operate there, and the other adviser has not reported information about the purported private funds. The complaints also allege that Bluesky Eagle and Supreme Power claimed to be public companies, but that a search of the Commission’s public company database yields no information on Bluesky Eagle or Supreme Power. Additionally, the complaints allege that Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone each failed to respond to requests by the Commission to provide records to substantiate the information on their Forms ADV, including the amount of assets under management in the United States. The SEC’s complaints charge Bluesky Eagle, Supreme Power, AI Financial, AI Investment, Invesco Alpha, and Adamant Stone with violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940. The complaints seek injunctive relief and civil penalties. The SEC’s investigation is ongoing and is being conducted by Mark Albers, Alexandra Lavin, Xinyue Angela Lin, David London, Sarah McAteer, Samantha McGregor, Ryan Murphy, Dahlia Rin, and Michele Perillo, of the SEC’s Boston Regional Office. The SEC thanks the Financial Industry Regulatory Authority (FINRA) for its assistance in this matter.