UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF FLORIDA

CASE NO. 1:20-cv-22311-ALTONAGA/Damian

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff,

vs. 

E*HEDGE SECURTIES, INC., 

et al., 

Defendants.

 / 

ORDER GRANTING PLAINTIFF’S MOTION FOR DEFAULT JUDGMENT

ENTERING A CIVIL PENALTY AGAINST DEVON W. PARKS

This cause comes before the Court on Plaintiff, Securities and Exchange Commission’s

Motion for Default Judgment Entering a Civil Penalty Against Defendant, Devon W. Parks[ECF No. 

30], filed on November 30, 2022. 

Parks was served with a copy of the Amended Complaint [ECF No. 15] and summons by 

service upon Florida’s Secretary of State on August 21, 2020. (See Return of Service [ECF No. 21]). 

Parks failed to answer or otherwise respond. On September 29, 2020, a Clerk’s Default [ECF No. 

24] was entered against Parks. 

The SEC then filed its first Motion for Entry of Default Judgment Against Defendant 

Devon Parks [ECF No. 25] on October 16, 2020, seeking permanent injunctive relief against Parks. 

(See id. 1). On October 20, 2020, the SEC also filed a Motion for Entry of Default Judgment 

Against Defendant E*Hedge Securities, Inc. [ECF No. 27], requesting similar relief against 

E*Hedge. (See id. 1). The Court granted those motions on March 9, 2021 in two separate Orders. 

(See Order Granting Default J. for Permanent Inj. Against Devon W. Parks [ECF No. 28]; Order 

Granting Default J. for Permanent Inj. Against E*Hedge Securities, Inc. [ECF No. 29]). The Court 

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retained jurisdiction to entertain an application for additional relief, including monetary remedies. 

(See Order Granting Default J. for Permanent Inj. Against Devon W. Parks 3). 

Having reviewed the Motion, the Court finds that the SEC has made a sufficient showing in 

support of the relief requested. Accordingly, it is

ORDERED AND ADJUDGED that the SEC’s Motion for Default Judgment Entering a 

Civil Penalty Against Defendant, Devon W. Parks [ECF No. 30] is GRANTED as follows: 

Parks is liable to pay a civil penalty in the amount of $25,000 pursuant to section 209(e) of 

the Advisers Act, 15 U.S.C. section 80b-9(e). Parks shall make this payment within thirty (30) 

days after entry of this Judgment. 

Parks may transmit payment electronically to the SEC, which will provide detailed ACH 

transfer/Fedwire instructions upon request. Payment may also be made directly from a bank 

account via Pay.gov through the SEC’s website at http://www.sec.gov/about/offices/ofm.htm. 

Parks may also pay by certified check, bank cashier’s check, or United States postal money order 

payable to the Securities and Exchange Commission, which shall be delivered or mailed to: 

Enterprise Services Center

Accounts Receivable Branch

6500 South MacArthur Boulevard 

Oklahoma City, OK 73169. 

The payment shall be accompanied by a letter identifying the case title, civil action number, and 

name of this Court; E*Hedge Securities and Devon Parks as Defendants in this action; and 

specifying that payment is made pursuant to this Default Judgment. 

Parks shall simultaneously transmit photocopies of evidence of payment and case 

identifying information to the SEC’s counsel in this action. By making this payment, Parks 

relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds 

shall be returned to Defendants. The SEC shall send the funds paid pursuant to this Judgment to 

the United States Treasury. 

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The SEC may enforce the Court’s judgment for penalties using all collection procedures 

authorized by law, including the Federal Debt Collection Procedures Act, 28 U.S.C. section 3001 

et seq., and moving for civil contempt for the violation of any Court orders issued in this action. 

Parks shall pay post judgment interest on any amounts due after 30 days of the entry of this 

Judgment pursuant to 28 U.S.C. section 1961.

IT IS FURTHER ORDERED AND ADJUDGED that, solely for purposes of exceptions 

to discharge set forth in section 523 of the Bankruptcy Code, 11 U.S.C. section 523, the allegations 

in the complaint are true, and further, any debt for civil penalty or other amounts due by Parks 

under this Judgment is a debt for the violation by him of the federal securities laws or any 

regulation or order issued under such laws, as set forth in section 523(a)(19) of the Bankruptcy 

Code, 11 U.S.C. section 523(a)(19).

The Court retains jurisdiction of this matter for the purposes of enforcing the terms of 

this Judgment.

There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil 

Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice.

DONE AND ORDERED in Miami, Florida, this 20th day of December, 2022.

________________________________________

CECILIA M. ALTONAGA

CHIEF UNITED STATES DISTRICT JUDGE

cc: counsel of record

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