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.
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