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.
Meanwhile, Raymond James bolstered its employee advisor arm with an industry veteran who previously oversaw $750 million at Stifel.
Staffing shortfalls, new policies, and increased demand for clarity create potential speed bumps for tax planning and compliance.
Osaic's expanded partnership with the Arizona-based firm advances its broader strategy to offer succession-focused planning solutions to retiring advisors.
Focus is reportedly on a three year period from 2021-2024.
But economists say inflation impact may come in lower than expected.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
