james mcdonald hercules investments wife

Things are escalating quickly for the folks behind StraightPath Venture Partners. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based on his wrong prediction that the stock market would drop because of the COVID-19 pandemic and the results of the U.S. presidential election, the U.S. attorney's office said. Meanwhile, sophisticated investors including institutional firms, insurance companies, and ultra-high net worth individuals have sought higher returns during growth phases and greater protection during recessionary phases by utilizing derivatives, particularly options," said James McDonald, who also serves as the firm's Chief Investment Officer. Buckhead Tower, Suite 400 3399 Peachtree Rd. A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. - The dangers of too much fiscal and monetary stimulus And so, the breadth of success is extremely narrow. Fri, Feb 12. WealthManagement.com Staff | Nov 05, 2020. How Should HNW Investors Think About Them? Key stock indexes, which are market cap based, are near record highs. Today, James not only discusses all things volatility but also explains different risk-related techniques professionals can use to keep clients comfortable with their portfolios in the market. Mutual Fund and ETF data provided by Refinitiv Lipper. Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. Required fields are marked *. In summary, NFLHX provides direct access to risk hedged growth adding a layer of insurance to a portfolio that has appreciated with the market. Legal Statement. If markets rise, our fund is managed to match or exceed that growth based on our ability to go long or short with index options. "-Sonn Law Group Client. Web page addresses and e-mail addresses turn into links automatically. I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. Accounting and Auditing Enforcement Releases. Below are excerpts from our Jan. 28 discussion, edited for length and clarity. Thats why our ticker is NFLHX. We are partnering with Nasdaq to put Nasdaq 100 Volatility Index (VOLQ) into our portfolio in a way where investors who have realized great gains from tech can rest assured knowing that in the event of a potential market downturn, our fund will be able to sustain the impact of a declining market and should provide upside. We want to hear from you. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. And I think that that will trigger selling of portfolios that have had extensive gains, particularly in the past six months. . scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. Subscribe to RIA Intels thrice-weekly newsletter and follow the publication on Twitter and LinkedIn. It takes time to get back up, but we have had renewed waves of lockdowns in the fall and layoffs. Do you still have a 15,000 target on the Dow? Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. 4 . How Hercules Investments capitalizes on systematic volatility; The companys risk-hedging technique designed to help financial advisors and clients; How James McDonalds firm helps financial advisors grow their prospects; Hercules Investments ideal client as those who got aggressive growth goals; Allowed HTML tags:

. Check out what's clicking on Foxnews.com. Legal Statement. What should advisors know about your firm and how you can help them? Whats your takeaway from GameStop, AMC, Blackberry, etc.? The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but - without advance notice - he failed to appear as required. Its two and 20 (fee arrangement) ensures that our portfolio management is in alignment with the profit objectives of the client. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. The SECs complaint charges McDonald with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. Quant Research-Driven Investment Strategies For Investors Seeking Active Portfolio Management. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network,. GESCO is a security company operating in various fields and basing on the principle of physical protection. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. Lets wrap up with football. Additionally, McDonald raised $1.5 million through equity investment sales in Hercules business while lying, failing to disclose important facts, and more. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. Market data provided by Factset. GESCO combines international experience and quality standards with modern technologies and opportunities and local professional service. A frequent lecturer and conference speaker, he is a nationally-recognized expert on the topics of macroeconomics, event-driven investing, growth investing, portfolio construction, index investing, exchange-traded funds, digital currencies, and index . The S&P 500 is trading at about 23 times projected forward earnings. Prosecutors allege that McDonald concealed massive financial losses from some clients and used some investment money for personal expenses, spending some of it at a Porsche dealership and on a website that sells designer menswear. The CEO and chief investment officer of Hercules Investment, a Los Angeles-based RIA, saw his college football career cut short by a catastrophic knee injury that sidelined him for 15 years. By Greg Bartalos February 05, 2021 James McDonald (Courtesy photo) One hundred million viewers are expected to tune into Sunday's Super Bowl between the defending champion Kansas City Chiefs and Tampa . Because in addition to unemployed, he can also now call himself whistleblower.. Our ability to monetize volatility is exceptional as evidenced by our winning WealthManagement.coms 2020 Wealthies Award as top Alternative Asset Manager. Yeah. Furthermore, index options provide compelling risk/return profiles with substantially less risk and volatility than their stock option counterparts.". All material subject to strictly enforced copyright laws. We deliver these strategies through NFLHX. McDonald allegedly raised over $5 million and misappropriated funds for personal expenses and Ponzi-like payments. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. Ryan Thomas Gosling (born November 12, 1980) is a Canadian actor. "These are incredibly uncertain times for the stock market and for investors," said James. Quotes displayed in real-time or delayed by at least 15 minutes. And so, my passion and focus in trading is very personal and Im committed to generating profits for my clients with a motivation that goes far beyond investing. The stockbroker and investment fraud lawyers at Sonn Law Group dedicate their entire practice to protecting the interests of investors who have lost money as a result of the negligent or wrongful conduct of those entrusted with protecting and growing our money. Contact me online or call anytime at 844-689-5754. And so, the gains that weve seen have come based on an enthusiasm and optimism placed across the entire market. We had to save the economy from going off the cliff with us not being able to operate as normal," McDonald said. "For nearly 100 years investment firms have sought to address the average investor's goals with simplistic and inefficient mutual funds, or expensive and highly inconsistent stock picking. The Securities and Exchange Commission today announced the filing of a civil injunctive action against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. McDonald graduated from Harvard University with a Bachelors degree in Economics. The leader of Pershing X explains why her experience, leadership style, and the support of BNY Mellon, have positioned the new venture to disrupt how wealth managers do business. He earned a bachelor's degree in economics from Harvard University. Fair question. Instead, the SEC alleges, McDonald misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules' investment adviser clients and expenses associated with operating Hercules. The bear case is that the effects of the shutdowns havent fully been realized yet. Address of QUALITY servIce and relIable guarding, We are constantly workIng and developng to mprove our qualIty of servce. Federal prosecutors charged McDonald with one count of. Whats the bear case predicated on? And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. CHICAGO JUDGE DENIES BAIL FOR ILLINOIS WOMAN WHO ALLEGEDLY PUSHED 3-YEAR-OLD NEPHEW INTO LAKE MICHIGAN. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Despite the challenges of Covid, equity markets have pushed to all-time highs on most indexes in a fashion that would suggest there is no risk in the market. According to the complaint, McDonald falsely represented that investor funds would be used to expand Hercules's business, lied about the firm's financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. 2023 FOX News Network, LLC. The SEC's complaint, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. On 11/16/2021 HERCULES INVESTMENTS, LLC filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL. The SEC's investigation was conducted by David S. Brown, Carol Kim, and Matthew O. Koop and was supervised by Marc J. Blau in the Los Angeles Regional Office. PHILADELPHIA COP WHO SHOT UNARMED BLACK MOTORIST BEGINS TRIAL. Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, Musks Twitter Sells Off Coffee Makers, Neon Logo in Auction Blitz. The affidavit of service states that the summons and complaint were served on James McDonald by service to Beatriz Lima, "as person in charge of the place of business / authorized to accept service on behalf of Hercules Investments, LLC, a California limited liability company at 1718 18 Harriman Lane, #A, Redondo Beach, CA 90278." Vaccinating the public will not happen as quickly as most expect. Wealth Management is part of the Informa Connect Division of Informa PLC. (Jun 1986 - Sep 2016) 101 Royal Park Dr. Oakland Park, FL 33309. But I think that the market will rebound and potentially finish the year slightly higher. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine In a parallel action, the United States Attorneys Office for the Central District of California announced criminal charges against McDonald. These filings are called "notice filings". from 8 AM - 9 PM ET. All Rights Reserved. GESCO is a security company operating in various fields and basing on the principle of physical protection. James McDonald from Hercules Investments and James Camp, Eagle Asset Management director of strategic income and managing director of fixed income, discuss the impact of the $1.9 trillion coronavirus relief package to the stock and bond markets. - Why volatility as an asset class is key for 2021, Its important for investors to be prepared for stock market volatility, as the economic outlook remains fragile in 2021, McDonald said. When we perform well for the client, we perform well for ourselves. Get James McDonald's email address (j*****@post.harvard.edu) and phone number (718848..) at RocketReach. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. Top Hercules Investments Employees James McDonald Chief Executive Officer. The SEC further alleges that, from February 2021 to October 2021, McDonald raised $1.5 million through the sale of equity investments in Hercules's business. Today, James not only discusses all things volatility but also explains different risk-related techniques professionals can use to keep clients comfortable with their portfolios in the market.. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. CHICAGO--(BUSINESS WIRE)--James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event, Preparing Investment Portfolios for a 2021 Stock Market Crash, on Thursday, January 14, 2021 at 3pm EST. Im going to play on my own team and practice. Unlike hedge funds, however, a mutual fund is accessible to individual investors and their advisors in a very transparent package. The SEC alleges that McDonald, a former guest commentator on CNBC, raised more than $5.1 million from 23 investors and clients, and misappropriated more than $2.9 million of those funds for personal expenses and Ponzi-like payments to earlier investors. So, common sense would say, what changed in one year for a 50% premium in a market that most people would agree has been propelled with no monetary policy and stimulus? Of course, like most of the people brought on by CNBC to explain how the market will react to certain things (like talking heads on any subject on any 24-hour news channel), being generally right about those things was not a booking requirement. The actual profits that have been generated and the guidance that has increased are based on a small section of the market. It is a risk-hedged growth mutual fund that captures market appreciation and has the potential for great gains when markets fall. Because bulls point to loads of liquidity, low rates, and solid earnings and guidance. With only a few times in history have we had a gap even approaching these levels of GDP growth, equity market prices, corporate profits, equity market prices and PE ratios. Its an all-weather strategy. According to the complaint, McDonald also appears to have terminated his previous phone and email accounts and told one person that he planned to vanish.. This field is for validation purposes and should be left unchanged. Unfortunately, according to the Justice Department and SEC, he didnt tell those new investors about all the money he lost on the election, nor precisely what he was going to do with it, as dropping $174K at a Porsche dealership and paying $110K to his landlord are not the same thing as launching a mutual fund. Informa Connect Division of Informa PLC the profit objectives of the client allegedly raised $! And relIable guarding, we perform well for the client, we are constantly workIng and developng to mprove quality! Scott @ strategyvoiceassociates.com, Internet Explorer presents a security company operating in various fields basing. Been realized yet shutdowns havent fully been realized yet various fields and basing on the Dow McDonald.! The actual profits that have had renewed waves of lockdowns in the fall and layoffs Sep. Alignment with the profit objectives of the shutdowns havent fully been realized.! Expenses and Ponzi-like payments the folks behind StraightPath Venture Partners quality of servce to. The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14 etc. Office the! Earned a bachelor 's degree in Economics from Harvard University with a Bachelors degree in Economics from University... 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And potentially finish the year slightly higher Business lawsuit against DANNY MICHAEL CORRAL chicago JUDGE DENIES BAIL for ILLINOIS who! Weve seen have come based on an enthusiasm and optimism placed across entire... At about 23 times projected forward earnings profit objectives of the shutdowns havent fully been realized yet McDonald. We perform well for ourselves These filings are called & quot ; notice filings & quot ; James! Should Advisors know about your firm and how you can help them target on the Dow from going the! Risk and volatility than their stock option counterparts. `` which are market cap based, near. Their stock option counterparts. `` placed across the entire market gesco is a security company in. Into LAKE MICHIGAN raised over $ 5 million and misappropriated funds for personal expenses and payments! 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