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Pharmaceutical Hedge Fund Manager Gets SEC Security Violations & Fraud
Wannabe pharmaceutical hedge fund manager Martin Shkreli gets charged with several violations from the SEC. Martin gets charged with violations of the 1933, 1934, 1940, and Exchange Act. Hedge fund manager made several mistakes and tried to hide them. Some of the violations include: Misappropriation of moneys for food, clothing, medical, office rent, and cash…
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Financial Cyber Security for 2016
With cyber security breaches occurring daily, financial firms need to be prepared. The SEC has already had several cyber security initiatives for broker dealers and registered investment advisors (RIA’s) for future examinations. Although cyber security breaches are unpredictable, there are some simple measures to follow. The easiest to prepare for but most vulnerable risk are…
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SEC Pops Greedy EB-5 Lawyers
EB-5 is quite popular here in the Los Angeles area. Most of the construction downtown Los Angeles is from Chinese EB-5 money. It definitely attracts multiple participants because of the money involved. Although there is big money to be made in EB-5, it is highly regulated and difficult to successfully do. EB-5 is a way…
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CFTC Imposes Monetary Penalty/Permanently Bars Garen Ovsepyan, Sharpe Signa and Haeres Capital
The CFTC ordered a monetary penalty and permanently bans Garen Ovsepyan, Sharpe Signa LLC and Haeres Capital LLC from the commodities industry. The ban was for misrepresentation of $145 million vs $15 million assets under management (AUM). Also, the forex trading advisor was not registered as a CTA and claimed a false exemption from AUM. …
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SEC Investigates Pre-IPO Secondary Market
With all these Unicorns lately, the market for private stock has been getting hot. The SEC has alleged that NetCirq has violated federal securities laws regarding transactions involving Pre-IPO companies, swaps, and registration requirements.
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Start
The RIA model is growing fast right now primarily from technology and the premium service given to the clients. Instead of being in a wire-house with out dated technology and pricing models or online broker dealers with less service, RIA’s are dominating the marketplace for wealth management! I will be starting my journey to building…