SEC Files Settled Action Against Start-Up Artificial Intelligence Company and Former CEO
August 27, 2026
August 27, 2026
WASHINGTON, Aug. 27 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. GenesisAI Corp. and Archil Cheishvili, No. 1:26-cv-25837-RKA (S.D. Fla. filed Aug. 26, 2026)
On August 26, 2026, the Securities and Exchange Commission filed settled charges against GenesisAI Corp., an artificial intelligence start-up company formerly based in Miami, Florida, and Archil Cheishvili, its founder a . . .
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Securities and Exchange Commission v. GenesisAI Corp. and Archil Cheishvili, No. 1:26-cv-25837-RKA (S.D. Fla. filed Aug. 26, 2026)
On August 26, 2026, the Securities and Exchange Commission filed settled charges against GenesisAI Corp., an artificial intelligence start-up company formerly based in Miami, Florida, and Archil Cheishvili, its founder a . . .