Former LPL Advisor Lisa Boisselle Hit with Arizona Cease-and-Desist Order Over Crypto Fund Sales
The Arizona Securities Division has issued a cease-and-desist order against former LPL Financial broker Lisa Boisselle and her advisory firm, Wealthwise, for allegedly soliciting investors to purchase interests in two fraudulent cryptocurrency-related programs.
Allegations Against Former LPL Broker Lisa Boisselle
According to the order filed on August 5, 2025, Boisselle and Wealthwise violated state securities laws by selling unregistered securities and acting without proper registration. From 2021 through 2023, she allegedly solicited at least $1.4 million from 16 clients for investments in two programs: NovaTech and HyperFund (also known as HyperVerse).
Boisselle was a registered broker with LPL Financial in Scottsdale, Arizona, from 2018 until 2022, according to FINRA’s BrokerCheck database. Wealthwise is no longer registered as an investment advisory firm. Despite not being licensed with the Arizona Corporation Commission, the order claims that Boisselle continued to solicit investors for new opportunities.
SEC Actions Against NovaTech and HyperFund
Both NovaTech and HyperFund have already faced federal regulatory scrutiny:
- HyperFund (HyperVerse): In January 2024, the SEC charged promoters Xue “Sam” Lee and Brenda “Bitcoin Beautee” Chunga with operating a fraudulent crypto pyramid scheme that raised over $1.7 billion worldwide. Investors were promised high returns from supposed crypto mining operations and partnerships with a Fortune 500 company, claims the SEC has said were false.
- NovaTech: In December 2024, the SEC filed charges against Cynthia and Eddy Petion and their company NovaTech Ltd. for running a fraudulent multi-level marketing crypto scheme that raised more than $650 million from over 200,000 investors globally.
The Arizona Securities Division has now linked Boisselle to the sale of these same programs.
What This Means for Investors
This case highlights the ongoing risks for retail investors in non-traditional and speculative investments like cryptocurrency funds. Fraudulent crypto programs often promise high returns with little risk, but investors can lose substantial sums when such schemes collapse.
If you invested with Lisa Boisselle, Wealthwise, or through LPL Financial in NovaTech, HyperFund, or other questionable investment products, you may have legal options. Broker-dealers like LPL have a duty to reasonably supervise the activities of their financial advisors. When they fail to do so, they may be liable for investor losses through FINRA arbitration.
Recovering Investment Losses
The White Law Group is investigating potential claims involving former LPL advisor Lisa Boisselle and her sale of NovaTech and HyperFund. Our securities attorneys have represented thousands of investors in FINRA arbitration claims nationwide, helping them pursue recovery of losses caused by broker misconduct and fraudulent investment programs.
Free Consultation
If you suffered losses with Lisa Boisselle, Wealthwise, or in crypto-related schemes recommended by your financial advisor, call The White Law Group at (888) 637-5510 for a free consultation.
FAQs
Who is Lisa Boisselle?
Lisa Boisselle is a former financial advisor registered with LPL Financial in Scottsdale, Arizona, from 2018 to 2022. She and her firm Wealthwise are the subject of an Arizona cease-and-desist order related to alleged crypto fund sales.
What is HyperFund/HyperVerse?
HyperFund, also called HyperVerse, was an alleged $1.7 billion global crypto pyramid scheme promoted between 2020 and 2022. The SEC has charged its key promoters with securities fraud.
What is NovaTech?
NovaTech Ltd. was promoted as a crypto trading and multi-level marketing program. The SEC alleges it defrauded more than 200,000 investors out of over $650 million.
Can I recover losses from investments in crypto funds sold by my broker?
Possibly. Investors may be able to recover losses through FINRA arbitration if a brokerage firm failed to supervise its representatives or recommended unsuitable investments.
