The SEC filed charges
today against a Florida investment manager for not providing examiners records for a fund advisory business — a shop that invested in NASCAR-related stocks.
The SEC was examining one fund from David W. Dube
and Peak Wealth Opportunities
for their Stock Car Stock Index Fund
The SEC alleges that Dube and the company failed to keep financial records.
“After promising multiple times to provide the requested records, Dube failed to live up to his regulatory obligations and turn over the records,” said Bruce Karpati, Chief of the Enforcement Division’s Asset Management Unit.
Peak Wealth managed the fund between 2008 and 2010. The fund, which liquidated in 2011, held just over $4 million at the end of 2009, according to the quarterly fund holdings disclosure
filed with the SEC.
Read the entire SEC press release here
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