The Securities and Exchange Commission has charged Miami-based E*Hedge Securities and its president, Devon W. Parks, with failing to provide required books and records during an SEC examination.
According to the SEC's complaint, from mid-April to the present, E*Hedge and Parks was operating COVID-19-related investment websites but failed for a second time to produce documents requested by an SEC examination staff.
The complaint also alleges that E*Hedge does not meet the applicable requirements to be registered as an internet adviser.
The SEC is seeking preliminary and permanent injunctive relief, an order to preserve and produce records, and civil penalties.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
