SEC Issues Cease and Desist Orders Against Investment Schemes

The Securities and Exchange Commission issued cease and desist orders against three investment schemes: AI Quest Trading, G’s Kicks Billard Hall, and NShop/M&N Online Shop/NFunds. The orders require the entities to stop soliciting funds from the public and terminate their online activity related to the schemes. AI Quest invited users to register on its website, promising returns ranging from 30% in seven days to 150% in 30 days through purported AI-assisted stock trading. G’s Kicks promoted guaranteed returns of 8% to 10% in 30 days via social media.

The SEC stated that none of the three entities was registered with it as a corporation or partnership or had authority to offer these investment services. The commission also noted that NShop continued soliciting investments after a prior advisory against its operations in June 2026.