United States of America: Lawsuit against AwesomeCalls over alleged unlicensed and misleading investment advice (State of California v AwesomeCalls) (Case No. 21STCV04430)
Progress
Current status
in force
27 Jun 2025 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
platform intermediary: other
Government Branch
executive
Government Body
central government
Implementation Level
subnational
Timeline of events
Attorney General reached a settlement of USD 750,000 with AwesomeCalls over unlicensed investment advice
On 27 June 2025, the California Attorney General announced a USD 750,000 settlement with AwesomeCalls, a day trading chatroom, and its CEO for providing unlicensed investment advice and misleading consumers through exaggerated claims and false testi…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
executive
Government body
central government