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On January 19, 2026, the South Carolina Securities Commission issued a cease and desist order against an unregistered investment firm operating in the state. The commission found that the firm, which claimed to offer high returns on investments in cryptocurrency and other digital assets, was not registered with the state authorities as required by law.According to the commission's investigation, the unregistered investment firm was soliciting investments from South Carolina residents through online advertisements and social media platforms. The firm promised investors guaranteed returns of up to 20% per month on their investments, claiming to have a team of experienced traders and analysts managing the funds.However, upon further scrutiny, the commission discovered that the firm did not have the necessary licenses or approvals to offer investment services in South Carolina. Additionally, the commission found that the firm's claims of high returns were unfounded and potentially misleading to investors.In response to these findings, the South Carolina Securities Commission issued a cease and desist order, instructing the unregistered investment firm to immediately stop soliciting investments from residents of the state. The commission also warned investors to exercise caution when dealing with unregistered investment firms and to always verify the credentials of any financial advisor or investment opportunity.The commission's action serves as a reminder to residents of South Carolina to be vigilant when considering investment opportunities, especially in the rapidly evolving world of cryptocurrency and digital assets. By ensuring that investment firms are properly registered and authorized to operate in the state, investors can protect themselves from potential scams and fraudulent schemes.The South Carolina Securities Commission continues to monitor the financial markets and take action against any entities found to be operating in violation of state securities laws. Residents are encouraged to report any suspicious investment opportunities or concerns to the commission for further investigation.