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On January 24, 2026, the Missouri Securities Commission announced that it had taken enforcement action against several individuals and companies for operating unregistered investment schemes in the state. The commission revealed that these schemes had targeted unsuspecting investors with promises of high returns and guaranteed profits, only to abscond with their money without delivering on their promises.One of the companies named in the enforcement action was WealthMax Investments LLC, which had been soliciting investments from Missouri residents without being properly registered with the state securities regulator. The company had promised investors an annual return of 20% on their investments, claiming to have a foolproof trading strategy that would ensure profits regardless of market conditions. However, after receiving significant funds from investors, WealthMax Investments LLC stopped communicating with them and vanished without a trace.In addition to WealthMax Investments LLC, the commission also identified several individuals who had been involved in promoting unregistered investment opportunities in Missouri. These individuals had been operating through social media platforms and online forums, targeting amateur investors with promises of quick and easy profits. The commission warned investors to be cautious when approached with such opportunities, as unregistered investments are not subject to the same level of scrutiny and oversight as registered securities.The Missouri Securities Commission reiterated its commitment to protecting investors from fraudulent schemes and urged anyone who had been approached by unregistered investment promoters to report them immediately. The commission also advised investors to verify the registration status of any investment opportunity before committing any funds and to consult with a financial advisor or securities regulator if they had any doubts about the legitimacy of an investment offer.As the investigation into these unregistered investment schemes continues, the Missouri Securities Commission assured investors that it would take all necessary steps to hold the perpetrators accountable and recover any funds that had been lost. The commission also urged investors to be vigilant and to report any suspicious investment offers to help prevent others from falling victim to similar scams in the future.