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.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
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.
