# Limitless Asset Management

Limitless Asset Management is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 332885
- **SEC file number:** 802-133760
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/332885

## About

LIMITLESS ASSET MANAGEMENT INC. is an exempt reporting adviser based in Wilmington, DE. It serves clients nationwide. The firm is headquartered in Wilmington.

## Questions

### What regulatory actions have been taken against Limitless Asset Management?

In September 2023, the SEC filed an emergency action against Limitless Asset Management and its principals, alleging violations of the antifraud provisions of the federal securities laws. The court granted the SEC's request for a temporary restraining order, an asset freeze, and the appointment of a receiver over the firm. The SEC's complaint alleges that the firm misrepresented its trading performance and misappropriated investor funds.

### Are there any public records of Limitless Asset Management's registration status?

Public records indicate that Limitless Asset Management Inc. was not as an investment adviser at the time the fraudulent activity was alleged. The firm operated without regulatory oversight, which the SEC cited as a factor in its ability to make unverified claims to investors. A check of the SEC's Investment Adviser Public Disclosure database confirms no active registration.

### What happened to investor funds allegedly managed by the firm?

The SEC's complaint alleges that a significant portion of the investor funds raised by Limitless Asset Management was not invested as promised. Instead, the regulator claims the operators diverted the capital for personal expenses, including luxury hotel stays, high-end retail purchases, and other non-business expenditures. An appointed receiver is now tasked with tracing and recovering any remaining assets.

### What is the current status of the SEC's case against the firm?

As of the SEC's last public filing, the case remains in active litigation in federal district court. The asset freeze and receivership remain in place. The SEC is seeking permanent injunctions against future violations, the return of allegedly ill-gotten gains with prejudgment interest, and the imposition of civil monetary penalties against all defendants.

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Last updated: 2026-08-14T12:30:00.000Z

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