1 min read
Sources:
Kevin's account, his own videos, Kevin's account (Sept 29, 2026)
["rose","default","default"]
Short answer
Kevin’s account only; no public record of it exists. He says that during the fund’s compliance process with the fund’s issuer, he was forced to lower the fund’s Tesla allocation even though the law did not require it, and that JP Morgan declined to serve as the fund’s custody bank when he asked. He calls the compliance process a nightmare. the issuer has not commented publicly, and the fund’s filings do not describe an allocation dispute. 1
Source: Kevin only (no public record of the dispute)
Issue: Tesla weight (he says he was made to cut it)
Custody: JP Morgan declined (by his account)
Kevin’s account
Kevin’s account
When I asked JP Morgan to serve as the custody bank for my ETF, while I was going through compliance nightmares with the fund’s issuer, which forced me to lower my Tesla allocation even though the law said I did not need to, JP Morgan stood me up. 1
What the record shows
The fund’s public documents describe an actively managed portfolio of 25 to 60 companies. Concentration limits for diversified funds are set by federal tax and securities rules, and issuers often apply internal limits beyond them. Whether the issuer’s limits exceeded what the law required is Kevin’s characterization; the issuer has not commented and this site has no independent source. 1
Why it is here
Because it is part of why he left fund management, and because the JP Morgan story on the next page starts here.
In his own videos
May 2025, the ETF section of the allegations video, where the closure is explained and the constraints are implied without naming the issuer. the issuer is not named on camera anywhere in the archive. 2
From the September 29, 2026 Q&A
Kevin’s account
Most of the problems we faced with the fund were slow execution on trades by the fund’s issuer, or disagreements over what the law states. I would not use them again. I would not have hired that issuer in hindsight. 3
Kevin says the issuer made him cut Tesla and the bank would not custody the fund. It is his account, and only his. 1
Simply put
✅ The claim
➡️ The company that ran the fund's paperwork made him hold less Tesla than he wanted.
➡️ He asked JP Morgan to be the fund's bank. They said no.
✅ The caveat
➡️ Only Kevin has said this. No filing or news story confirms it.
Sources
Kevin's account, Why I left JP Morgan: “compliance nightmares with the fund's issuer, which forced me to lower my Tesla allocation even though the law said I didn't need to” Read the excerpt
Kevin on YouTube, "Responding to Allegations Against my Startup, HouseHack." (2025-05-16), at 10:47: “So I chose to close the ETF and advisory business to focus on house hack” Watch from 10:47
Kevin's account (Sept 29, 2026), Question 34, the fund's issuer Read the excerpt
