INDIANAPOLIS – The Indiana Securities Division has secured a settlement with GS Partners, ensuring that all investors will receive a full refund.
GS Partners, an offshore investment firm, was accused of misleading investors and selling fraudulent digital assets. The 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 is reflective of the trend we are seeing increasingly in today’s securities markets that highlight a move away from pen and paper securities and a move towards securities that exist in digital formats such as the metaverse, A.I., cryptocurrency, etc. While many legitimate securities firms may leverage new technologies, it’s important for Main Street investors to recognize that investments in the real or digital world are regulated and subject to the same registration requirements.”