SEC targets AmerInst and Auto Parts 4Less over delinquent filings

AmerInst Insurance Group, Ltd. and AUTO PARTS 4LESS GROUP, INC. were placed into administrative proceedings by the Securities and Exchange Commission on August 26, 2026, with the agency alleging that both companies were delinquent in their periodic filings.

The primary documents are the SEC’s order for AmerInst and order for AUTO PARTS 4LESS GROUP, INC.. Both proceedings were initiated under Section 12(j) of the Securities Exchange Act of 1934.

The immediate issue is reporting compliance. Exchange Act Section 13(a) requires issuers with securities registered under Section 12 to provide current and accurate information in periodic reports. Rule 13a-1 requires annual reports, while Rule 13a-13 requires domestic issuers to file quarterly reports.

AmerInst, a Bermuda holding company located in Hamilton, Bermuda, has a class of securities registered under Section 12(g). Its last periodic filing was a Form 10-Q for the period ending September 30, 2023. From that filing date to the SEC’s August 26, 2026 order is an elapsed 1,061 days: 366 days to September 30, 2024, 365 more to September 30, 2025, and 330 more to August 26, 2026.

The company’s common stock is not publicly quoted or traded, according to the SEC order. The filing therefore places a reporting obligation on an issuer whose common stock currently lacks a public quote or trade venue.

AUTO PARTS 4LESS GROUP, INC., a Nevada corporation located in North Las Vegas, Nevada, also has a class of securities registered under Section 12(g). Its last periodic filing was a Form 10-Q for the period ending October 31, 2023. The elapsed period to August 26, 2026 was 1,030 days: 366 days to October 31, 2024, 365 more to October 31, 2025, and 299 more to August 26, 2026.

Its common stock, symbol FLES, has unsolicited quotations submitted on OTC Link ATS.

The AmerInst order also alleges securities-law violations involving delinquent periodic filings. The fact sheet does not provide the companies’ defenses, hearing outcomes, or any decision to suspend or revoke either registration.

For crypto companies seeking public listings or mainstream capital, the cases are a reminder that registration brings continuing disclosure duties even when an issuer has no direct crypto business. The consequence is concrete for these two companies: their Section 12(g) registrations are now subject to administrative proceedings, and the next material question is whether either registration is suspended or revoked.