A federal investigation into iGenius remains active, according to documents the company's parent firm Investview filed with regulators in August 2024.
Investview disclosed the ongoing SEC probe in a quarterly filing dated August 13th. The company confirmed it received a follow-up request for additional documents in May 2024—the first communication from the agency since providing the initial document production in 2022. Investview first revealed the SEC's investigation into iGenius in November 2021 but has never disclosed what specific information regulators requested.
The timing of this confirmation matters. Just weeks earlier, iGenius launched a new investment scheme called Cforce through a platform called CoinRule. The move came as iGenius faced active government scrutiny.
According to iGenius President Chad Garner, Cforce works by connecting to users' cryptocurrency exchange accounts. The software executes trades automatically on behalf of investors. Under the Howey Test—the legal standard determining what qualifies as a securities offering—Cforce clearly meets the definition. It requires no registration with the SEC.
Yet neither Cforce nor CoinRule appears anywhere in Investview's SEC filings, including the August 13th report filed while the investigation was ongoing.
When BehindMLM reported on Cforce in July 2024, iGenius and CoinRule pulled their marketing videos from public view. CoinRule then took a more aggressive step: the company filed a defamation complaint with Google, demanding the search engine delist coverage of the arrangement.
In that August 15th complaint, CoinRule's lawyers at Collyer Bristow LLP disputed BehindMLM's characterization of how Cforce operates. CoinRule claimed it does not hold user funds—exchanges do. The company also argued it merely provides software that analyzes market data and converts trading signals into instructions sent to exchanges. iGenius, not CoinRule, operates the strategy itself, the lawyers wrote.
BehindMLM pushed back. The outlet noted it never claimed CoinRule physically holds funds. The journalist argued that placing investor funds under CoinRule's control—even if technically held on exchanges—satisfies the Howey Test requirement that an investor place money with a central entity.
The dispute hinges on legal definitions. CoinRule maintains it operates as a neutral technology platform. BehindMLM contends the structure functions as an unregistered securities offering regardless of the technical mechanics.
What remains unclear is whether the SEC investigation into iGenius encompasses Cforce and CoinRule. Investview's silence on the new scheme in its regulatory filings suggests either the company views it as separate from the original investigation or prefers not to draw attention to it.
The suppression efforts tell their own story. Companies facing regulatory risk typically don't demand Google remove critical coverage. They also don't omit major business ventures from SEC filings without reason.
🤖 Quick Answer
Is the SEC investigation into iGenius still ongoing as of 2024?Yes. According to a quarterly filing submitted by Investview, iGenius's parent company, to the SEC on August 13, 2024, the federal investigation remains active. Investview confirmed it received a follow-up request for additional documents from the SEC in May 2024, marking the first agency communication since 2022.
When did the SEC investigation into iGenius first become public?
Investview initially disclosed the SEC investigation into iGenius in November 2021. The company provided an initial document production to regulators in 2022. However, Investview has never publicly revealed the specific nature of the information or documents the SEC requested during the probe.
Did iGenius launch new products while under SEC investigation?
Yes. Just weeks before Investview confirmed the ongoing SEC probe in its August 2024
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