The Securities and Exchange Commission (SEC) has filed a lawsuit against Arsalan Rawjani, Trade with Ayasa, LLC, a Limited Responsibility Company of Texas, Trade with Ayasa, LLC, a limited liability company of Wyoming and trade with Ayasa, LLC, a Nevada Liability Company.
The complaint was submitted on September 5, 2025, to the Northern Provincial Court of Texas.
The complaint of the Securities and Exchange Commission, observed by the FX News Group, claims that, at least in 2021, Arsalan Rawjani and an investment operation operating in the context of “Tradename” Trade with Ayasa, LLC “
He himself as an experienced and specialized trader and investor himself, Rawjani is falsely represented by investors that he has exploited a successful investment program that has offered guaranteed monthly dividend payments as well as the main protection paid by Rawjani’s options and management.
Rawjani claimed to have increased about $ 18 million from investors between 2021 and 2024.
Although Rawjani represented these investors that his successful choices allowed him to pay a fixed, monthly refund of (usually) three to five percent of capital (ie, 60 % annual yield), he really paid most of his “returns” using new investors.
In addition, Rawjani raises millions of dollars of investor money for himself, his wife and others through non -announced withdrawals, supplies and loans, which have contributed to the collapse of the Ponzi plan and millions of dollars of loss of investors.
To carry out the Ponzi program and hire new investors to support it, Rawjani, directly and through his trade with Ayasa Enterprise, made many false and misleading statements to investors, including the promise that his customers’ investments would be used for his profitable choices and his investment. profits and other investments.
For example, Rawjani claimed to use investors’ funds in his profitable trade program, but sent only about $ 1 million in -trade dollars from trade with Ayasa’s primary bank account to a mediator for negotiating options.
Rawjani was then transferred to the bank account less than $ 166,000 in alleged trade earnings and therefore did not have a substantial negotiation revenue to pay the millions of dollars promised investors. Rawjani also claimed that a large reserve was maintained to pay dividends and offered his personal “guarantee” to some investors, despite the fact that he maintained neither reserves nor personal assets sufficient to pay the millions of dollars coming from investors.
By the end of 2023, Rawjani’s indifferent or loss of transactions and the inability to attract new investors have caused the Ponzi program to collapse and Rawjani ceased to promise dividends. However, even after not being able to make divided payments to previous investors, Rawjani continued to ask for new investors using the same promises and guarantees of monthly payments and main protection. Indeed, banking records indicate that Rawjani increased more than $ 2 million from investors between or around December 2023 and June 2024, during the period when it was unable to promise payments to previous investors.
The Securities and Exchange Commission accuses the accused of violations of sections 5 (a), 5 (c) and 17 (a) of the 1933 mobile values law (the “Law on Mobile Values”) [15 U.S.C. §§ 77e(a), 77e(c), and 77q(a)] and Article 10 (b) of the 1934 Mobile Exchange Act (the “Exchange Law”) [15 U.S.C. § 78j(b)] and Article 10b-5 there based on [17 C.F.R. §§ 240.10b-5].