Last updated: May 2026
For compliance officers at prospective partner institutions: This page documents Eko's regulatory structure and how the Investments-as-a-Service platform operates within existing federal and state investment adviser and broker-dealer frameworks. Eko's registered broker-dealer subsidiary holds the applicable licenses; partner institutions do not need to obtain additional RIA or BD licensing to offer the Eko white-label investment portal.
Eko Financial Services LLC is registered with the Securities and Exchange Commission (SEC) as an investment adviser. Eko Brokerage LLC, a wholly-owned subsidiary, is registered as a broker-dealer with the Financial Industry Regulatory Authority (FINRA) and is a member of the Securities Investor Protection Corporation (SIPC).
Registration with the SEC and FINRA does not imply any specific level of skill or endorsement. All investment products offered through the Eko platform carry risk including possible loss of principal.
Partner community banks and credit unions license the Eko white-label investment portal and API layer from Eko Financial Services LLC. Trade execution, custody, and order routing are handled exclusively by Eko Brokerage LLC acting as the introducing broker-dealer. Apex Clearing Corporation serves as the clearing and custody partner.
Because the brokerage functions are performed by Eko Brokerage LLC, partner institutions are not required to register as broker-dealers or investment advisers under the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940 solely by reason of making the Eko platform available to their members or depositors.
The Eko compliance engine runs a configurable suitability questionnaire during member account opening and generates the disclosures required by FINRA Rule 4512 (Customer Account Information). All suitability determinations are logged with timestamps and stored in an audit trail accessible to the partner institution's compliance team.
Eko does not make individualized investment recommendations. The platform offers informational investment themes (such as Clean Energy or Dividend Income) that are curated by the partner institution subject to Eko's content policy. Members receive uniform disclosure language at account opening informing them that the portal is a brokerage service, not personalized investment advice.
Eko collects member data solely for the purpose of providing brokerage services through the white-label portal. Member personal data is not sold to third parties, not used for advertising targeting, and not shared with any entity outside of the Eko-Apex Clearing custody chain and required regulatory reporting bodies.
Member financial data is transmitted using TLS 1.3 encryption. Data at rest is encrypted using AES-256. Eko maintains a SOC 2 Type II attestation covering the security, availability, and confidentiality trust service criteria.
Member investment accounts held at Eko Brokerage LLC through Apex Clearing are protected by SIPC up to $500,000 (including up to $250,000 for cash claims) in the event of brokerage insolvency. SIPC protection does not cover losses from market fluctuation or investment risk.
Compliance officers at prospective or current partner institutions may direct regulatory and compliance inquiries to [email protected] with the subject line "Compliance Inquiry." Eko's compliance team responds to institutional inquiries within two business days.
Additional regulatory disclosures including Form CRS and BrokerCheck links are available on our Disclosures page.