Genius Group ($GNS) SEC Subpoena, Alleged Market Manipulation, and Stock Drop Case

S.D. New York

Court

1:25-cv-09546

Case number

04/12/2022

Class period Start

05/30/2025

Class period End

01/13/2026

Lead Plaintiff motion deadline

$GNS investors filed a claim against Genius Group for allegedly failing to disclose material information about its internal investigation, SEC subpoena, and ties to potential market manipulation schemes.
After the company confirmed a regulatory investigation and enforcement subpoena, $GNS dropped over 45% from $1.42 on May 15, 2023, to $0.77 on June 6, 2023.
$GNS investors can join this case to be notified about potential recovery.
Case Details:

Between April 8, 2024, and October 27, 2024, Genius Group stated it was committed to regulatory compliance and protecting shareholders from market manipulation. In public statements, it emphasized its cooperation with regulators and portrayed the company as a victim of illegal short selling. Genius launched an internal task force, claimed it identified manipulation, and stated it submitted evidence to the SEC.

On May 16, 2023, Genius disclosed for the first time that it had received a subpoena from the SEC’s Division of Enforcement, requesting documents related to its stock trading activity, communications, and certain individuals. This disclosure came after months of claiming cooperation with the SEC, without revealing that it was the subject of an investigation.

Then, on October 30, 2024, Genius revealed that its CEO and board had known about the SEC subpoena and investigation since at least 2023, but had not disclosed it earlier. The company also announced an internal board-level investigation and acknowledged previously undisclosed risks tied to trading activity and company communications.

Between May and October 2024, $GNS fell by more than 60%, with steep drops following each disclosure.

Based on these events, $GNS investors filed a claim against Genius Group, alleging the company:
It failed to disclose a federal subpoena and SEC investigation related to trading activity.
It misrepresented its regulatory standing and cooperation with authorities.
It repeatedly presented itself as a victim of manipulation while withholding key facts.
Investors argue Genius misled the market about the nature and scope of its regulatory exposure, causing losses when the truth came out.

Case Type

US Securities Class Action

Case Status

Lead Plaintiff Appointment

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

04/05/2023

Filing date

11/14/2025

Lead Plaintiff Deadline

01/13/2026

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