1 min read
Sources:
Kevin's account, Form 1-A, Kevin's account (Sept 29, 2026)
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Short answer
From September 2022 to February 2025 he was a registered investment adviser sub-advising a public fund, which put his public statements under the SEC’s adviser advertising rules and the fund’s own compliance program at the issuer. He describes that period as compliance nightmares, including being made to cut the fund’s Tesla weight. Exactly what changed on the channel, what disclosures ran when he discussed fund holdings, and how promoting the ETF to subscribers was handled are questions this page will answer with the specifics once gathered. 12
What is on the record
Registered adviser from September 2022; fund launched November 2022; closed February 2025; registrations wound down after. During that period the SEC’s marketing rule for advisers and the fund issuer’s compliance program governed his public statements about securities, and he has said the compliance process forced changes he disagreed with. 12
From the September 29, 2026 Q&A
Kevin’s account
Everything was promoted transparently. 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. 3
Adviser advertising rules and the compliance program of the fund’s issuer, which he describes as slow execution and disagreements over what the law required. He says everything was promoted transparently and that he would not hire the fund’s issuer again. 1
Simply put
✅ The rules
➡️ Anything touching the fund had to clear adviser advertising rules and the issuer's compliance review.
✅ His verdict
➡️ Transparent, slow, and not worth repeating.
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
Form 1-A, Directors, Executive Officers and Significant Employees (Series 65 passed September 2022; registrations not actively held) Open the filing
Kevin's account (Sept 29, 2026), Questions 33 and 34 Read the excerpt
