The Arizona Corporation Commission has ordered a local financial advisor to repay nearly $1.4 million to defrauded clients and pay $75,000 in penalties for securities violations. Lisa Anne Boisselle, head of Wealthwise, promoted risky cryptocurrency investments without disclosing regulatory warnings. The ruling aims to protect investors from such scams.
In a decision announced on February 4, 2026, the Arizona Corporation Commission targeted Lisa Anne Boisselle, who serves as president, owner, and chief compliance officer of Wealthwise, a Phoenix-based firm. The commission found that Boisselle engaged in securities fraud by soliciting investments in two cryptocurrency schemes, NovaTech and HyperFund—also known as HyperVerse—starting in 2021.
Between November 2021 and 2023, Boisselle collected approximately $1.4 million from at least 16 clients. She assured them that their funds were secure, easily accessible, and poised for growth. However, she failed to inform these investors about critical regulatory actions: warnings and legal proceedings against NovaTech that began in 2022.
The commission's order requires Boisselle and Wealthwise to pay $1,398,900 in restitution to the affected clients, along with $75,000 in administrative penalties. Additionally, Boisselle, Wealthwise, and any associates are permanently barred from further violations of Arizona's Securities and Investment Management Act. To date, Boisselle has not requested a hearing or submitted a response to the fraud allegations.
This case underscores ongoing concerns about cryptocurrency investment scams, where promoters often omit risks to lure unsuspecting clients. The Arizona Corporation Commission, which regulates securities among other duties, emphasized the importance of investor protection in its enforcement actions.
