INDIANAPOLIS – The Indiana Securities Division has secured a settlement with GS Partners, ensuring all investors receive full refunds.
Offshore investment firm GS Partners has been accused of misleading investors and selling fraudulent digital assets. A multi-state investigation led by the North American Securities Administrators Association (NASAA) uncovered a complex scheme involving the sale of digital tokens and other investments.
Indiana Secretary of State Diego Morales said, “This action signals a shift away from pen-and-paper securities, which we increasingly see in today’s securities markets, and toward securities that exist in digital formats, such as the Metaverse and AI. “It reflects the tendency to emphasize this.” While many legitimate brokerages may be leveraging new technology, for Main Street investors, investing in the physical or digital world is regulated and subject to the same registration requirements. It is important to recognize that. ”
If you are a Hoosier investor who purchased products or services from GS Partners, please contact the Indiana Secretary of State Securities Division for assistance with the claims process. You can contact the Securities Division at (317) 232-6681 or by email at security@sos.in.gov.
To protect yourself from investment scams, it’s important to be careful and do your research. Here are some tips:
Be skeptical of high-yield, low-risk investments. Research the investment company or individual carefully. Don’t invest in something you don’t understand. Beware of pressure tactics. If something sounds too good to be true, it probably is. teeth.
Eligible GSB customers will be able to submit claims through the claims portal in the coming weeks. The claim filing process takes 90 days.
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