When the SEC stalls or shuts down, California’s DFPI has the power and obligation to act. The Nexo case shows why state-level enforcement is essential when federal settlements leave investors uncompensated.
When enforcement ends at the border, accountability becomes optional. The SEC’s global blind spots reveal how jurisdictional evasion thrives even under modern securities law.
The term “accredited investor” doesn’t mean expertise — only access to money. Firms like Nexo exploit this myth to shift blame onto victims. Even a lottery winner can qualify, yet still deserves truthful disclosure and protection from financial misrepresentation.
Nexo was fined $45 million by the SEC for its illegal Earn Interest Product—but many retirement-age investors remain financially ruined, with no recourse. This article calls for overdue cross-border enforcement.
![[PDF] Evidentiary Brief – Illegality of APR with Liquidation - Case 2025-000001](https://cdn.mymidnight.blog/14d9e8007c9b41f57891c48e07c23f57/2025/10/IMG_5212-1.png)
This evidentiary brief outlines cross-jurisdictional violations by Nexo AG, where APR-marketed loans were actually high-risk margin accounts. It includes legal precedent, investor harm, and forensic evidence calling for regulatory intervention.
A U.S. investor harmed by Nexo’s liquidation practices calls on the SEC to act on cross-border abuse. Despite past enforcement against Nexo’s Earn Interest Product, other high-risk offerings remain unaddressed—leaving retirement-age victims exposed and unprotected.
A retirement-age U.S. investor calls on FINMA to uphold its cross-border regulatory duty under the SEC–FINMA Memorandum of Understanding following unlawful financial harm tied to Nexo AG.
A San Diego retiree lost over $3M in life savings after Nexo misrepresented a high-risk crypto margin account as a stable loan. A case study in investor harm and legal asymmetry.
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