SEC v. Epic Capital Wealth Advisors, LLC (2026)

Judgment entered

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In February 2026 an SEC administrative law judge, on remand, denied the registration application of Epic Capital Wealth Advisors, LLC because it had no assets under management and no reasonable expectation of reaching the $100 million needed to register with the Commission.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

An earlier decision had found that the Division of Enforcement did not prove the registration would be subject to suspension or revocation based on a Colorado court injunction against the firm's owner, David Anthony. The Commission remanded to decide whether Section 203 was satisfied and whether Section 203A barred federal registration. The judge held that the firm is presumptively barred from registering with the Commission and does not qualify for the 120-day exemption.

The decision notes in passing that some of Anthony's former clients lost money in funds that turned out to be Ponzi schemes. That is background to the public-interest argument, not a finding about the applicant.

No technique tag is applied; no existing slug covers an adviser registration decision.

Timeline

1. 2026-02-11 Initial decision

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• Initial decision (ID-1418)
• Order instituting proceedings
• Finality order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

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This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.