What changed

SEC complaint states Austin intended to leave his then-employer (unnamed advisory firm) to start Embarcadero; after being terminated, he launched Embarcadero and allegedly misrepresented his disciplinary history.

Reported / discovered

Sep 6, 2026

Effective

Not reported

New role

founder/investment adviser

Previous role

Not reported

Market

Not reported

Reported book

Not disclosed

Reported team size

Not disclosed

Named people

1

Reported book AUM is not a confirmed transfer. Team size may include support staff. A missing effective date means it was not established from the available evidence.

Sources & evidence

This record is supported by reporting. It has not been independently corroborated by a linked registration observation.

Record history

1 observations consolidated into one event.