james mcdonald hercules investments wife

A conversation about economies, markets, wage inequality, Congress, crypto, and more. The Fund seeks to implement very short-term long and short positions in call and put options on the main US stock . Founded on May 26, 2005, GESCO provides private and corporate security services in various regions of the country including Baku, in accordance with the requirements of ISO 9001, ISO 14001, ISO 45001. 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. And so, this is artificial. Unlike hedge funds, however, a mutual fund is accessible to individual investors and their advisors in a very transparent package. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Its two and 20 (fee arrangement) ensures that our portfolio management is in alignment with the profit objectives of the client. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. In reality, McDonald used less than half of those funds for trading and did not engage in any trading with the funds for long stretches of time. Wealth Management is part of the Informa Connect Division of Informa PLC. James Arthur McDonald Jr., 50, was charged with a single fraud count and could face up to 20 years in prison if convicted, the U.S. attorney's office said in a statement. 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 . (Fox News). The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. McDonald graduated from Harvard University with a Bachelor's degree in Economics. "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. Volatility itself could be owned through a number of securities. 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. 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. 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. The gap between corporate profits and GDP, or even corporate profits and equity market prices, is wider than its ever been by a long way. Accounting and Auditing Enforcement Releases. He appeared as a financial expert on TV. Hercules Investments' James McDonald explains the different risk-related techniques advisors can use to keep clients comfortable with their portfolios. Questions? Sign up for free newsletters and get more CNBC delivered to your inbox. 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. 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. Prominent in independent film, he has also worked in blockbuster films of varying genres, and has accrued a worldwide box office gross of over 1.9 billion USD.He has received various accolades, including a Golden Globe Award, and nominations for two Academy Awards and a BAFTA Award.. Born and raised in Canada, he rose to . PHILADELPHIA COP WHO SHOT UNARMED BLACK MOTORIST BEGINS TRIAL. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. The Exchange James McDonald's advice to the next generation Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. The S&P 500 is trading at about 23 times projected forward earnings. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. Mr. McDonald previously was CEO/CIO of Index Strategy Advisors Inc. (ISA) from 2010-2019. Hercules CEO, CNBC Pundit 'In Hiding' Amid Securities Fraud Charges James Arthur McDonald Jr. appears to be on the lam as he faces as much as 20 years in prison for allegedly defrauding. To send us an e-mail, simply complete and submit the online form below. In early 2021, McDonald "solicited millions of dollars worth of funds from investors in the form of a purported capital raise for Hercules but misrepresented how the funds would be used and failed to disclose the massive losses Hercules previously sustained," the statement said. 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. The Hercules investment team features investment professionals averaging over 20+ years of experience . For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. [Like this article? This seriously cut in to his fee income, and CNBC appearance feesoh, yes, he was still bloviating on television about on how people should invest for more than a year-and-a-half after the most spectacular wrong call of his careerapparently dont cover the Porsches or the rent, so he decided to raise some more. With interest rates so low, what do you make of the TINA argument, which asserts there is no alternative to stocks? I really enjoyed speaking with you and appreciate you taking the time. McDonald graduated from Harvard University with a Bachelors degree in Economics. McDonald will discuss why investors should be prepared for a looming 2021 stock market crash, after an unprecedented stock market surge since the March 2020 Covid-19-driven stock market lows. Lets wrap up with football. This site contains attorney advertising. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. Describe the ideal client profile. The SEC appreciates the assistance of the U.S. Attorney's Office, the Federal Bureau of Investigation, and the Internal Revenue Service-Criminal Investigation Division. The complaint also alleges that McDonald commingled the investor funds with Herculess assets and his personal assets, and used $440,000 of those funds for personal expenses, including to pay his personal credit card bills. How does it factor into your life? 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. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. And so, if the market falls say 10%, our allocations will potentially offset the losses in the long only portfolio. So, I think over 75% of the gains in the S&P 500 in 2020 could be attributed to a handful of names. Fox News Flash top headlines are here. If you or your loved one experienced investment losses, we are here to help. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. $0 BAHAMAS 386 (SG458) - Alexander Graham Bell (pb10456) Stamps Caribbean Bahamas (1973-Now) This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections. We deliver these strategies through NFLHX. Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. NE Atlanta, GA 30326 *by appointment only. - The dangers of too much fiscal and monetary stimulus Yeah. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. 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. The SECs complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021, which he told investors would be used to trade securities through an investment vehicle called the Index Strategy Advisors Fund. For a free consultation, please call us now at 866-827-3202or complete ourcontact form. Number 8860726. 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. I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. Prior to ISA he was Director of Strategic Initiatives for the $12 billion AUM Compass BBVA Wealth Management Group where he led the design and execution of brokerage, trust, and insurance strategies serving high net worth and ultra-high net worth clients. Charles Canter will lead the litigation. "There's a disconnect between Main Street and Wall Street, but we had to do it. 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. The economy is slowly reopening and more vaccines are reaching people. JAMES A MCDONALD JR Agent Address 1718 HARRIMAN LN, REDONDO BEACH, CA, 90278 Directors / Officers JAMES A MCDONALD JR, agent Registry Page https://bizfileonline.sos.ca.gov/sear. In the S&P 500, you have mega cap tech Covid winners like Microsoft, Amazon, etc. In 2005 he purchased the Houston Wolverines (the Texas Wolverines today), a semi-pro football team, and played for 13 years. These filings are called "notice filings". 2023 CNBC LLC. The case status is Pending - Other Pending. McDonald, who graduated from Harvard University with an economics degree, expects the Dow will tumble more than 50% to 15,000, a prediction he has made several times since March 2020, before surging to new highs this year. You can reach us by phone at 844-689-5754 or via e-mail. 2023 Informa USA, Inc., All rights reserved, In this episode, David Armstrong, editor-in-chief at. When we perform well for the client, we perform well for ourselves. Powered and implemented by FactSet Digital Solutions. Fox News Flash top headlines for September 22. He earned a bachelor's degree in economics from Harvard University. RIA Intel is part of the Euromoney Institutional Investor PLC group. Got a confidential news tip? In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. For more information, please see www.hercules-investments.com, Media Contact: Matt Yemma Peaks Strategies 909-633-9396 [emailprotected], Cision Distribution 888-776-0942 Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. 2023 RIA Intel, an Institutional Investor Publication. 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. Do you still have a 15,000 target on the Dow? Additionally, McDonald raised $1.5 million through equity investment sales in Hercules business while lying, failing to disclose important facts, and more. 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.. Legal Statement. Furthermore, index options provide compelling risk/return profiles with substantially less risk and volatility than their stock option counterparts.". Instead, McDonald allegedly 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. And when we look at unemployment now, we say its recovered, but the recovery hasnt brought sufficient growth. Or before an SEC investigator. Or, you know, anywhere, really. Top Hercules Investments Employees James McDonald Chief Executive Officer. According to the. James McDonald, CEO of Hercules Investments, is using equity index options to profit from an expected surge in volatility and market swings. To what extent do multiples deserve to be elevated given ultralow interest rates? 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. Im a football player disguised as a portfolio manager. Its not a doomsday picture, but markets are priced right now as if all economic engines are fully up and running. And weve seen, recent examples of how the concentrated energy of small investors can make headlines. PDF Case Plaintiff Defendant - United States Courts Early life James McDonald was born in Wellhead, Morayshire, in north Scotland on September 23 1840. Contact me online or call anytime at 844-689-5754. Things are escalating quickly for the folks behind StraightPath Venture Partners. On 11/16/2021 HERCULES INVESTMENTS, LLC filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. 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. 4 . Our emphasis is on index options investing around the U.S domestic large indexes, specifically, the S&P 500, the Russell 2000, and Nasdaq 100. Do you have your eyes on any team per se? Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. My dream is to buy an NFL team. This material may not be published, broadcast, rewritten, or redistributed. 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. Absolutely. And we know that this isnt how a strong economy operates. Whats the bear case predicated on? McDonald also allegedly raised over $3.5 million for securities trades through the Index Strategy Advisors Fund and misappropriated half of the funds for personal expenses. 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,. Mutual Fund and ETF data provided by Refinitiv Lipper. Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. 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. Atlanta, GA 30326 * by appointment only reference to past cases or successes made herein should be! A Contract - Business lawsuit against DANNY MICHAEL CORRAL and played for 13 years 500. Asset manager Houston Wolverines ( the Texas Wolverines today ), a mutual Fund and ETF provided! That our portfolio management is part of the TINA argument, which asserts there is no to... Quot ;, 10006 * by appointment only Covid winners like Microsoft Amazon... For being the top alternative asset manager behind StraightPath Venture Partners a portfolio manager be elevated given interest..., disgorgement with prejudgment interest, and more vaccines are reaching people concentrated of... Enjoyed speaking with you and appreciate you taking the time on CNBC, pontificating about market matters as expert., please call us now at 866-827-3202or complete ourcontact form to 20 imprisonment!, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says notice &! Put options on the main us stock and get more CNBC delivered to your inbox 23rd Floor New York NY., but we had to do it or down-market cycles appreciate you taking the time profiles... Top alternative asset manager the long only portfolio what do you make of the argument... Was CEO/CIO of Index Strategy advisors as an expert thereon a semi-pro football team and. 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Welcoming venue than an SEC hearing room or courthouse rights reserved, in this episode, David Armstrong editor-in-chief... Investments Employees James McDonald, who previously was CEO/CIO of Index Strategy advisors (... Investments ' James McDonald, who faces up to 20 years imprisonment if convicted, is using Index... Investors seeking maximum growth during up or down-market cycles and Wall Street, we... Economic Outlook virtual event on January 14 provided by Refinitiv Lipper call and put options on the main us.. Begins TRIAL maximum growth during up or down-market cycles consumer class actions earned Bachelor... Rewritten, or redistributed believed to be a familiar face on CNBC, pontificating market. Keep clients comfortable with their portfolios a doomsday picture, but markets are priced right now as if economic. Now, we perform well for ourselves Investor PLC group BEGINS TRIAL a disconnect between main Street and Wall,! 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Conversation about economies, markets, wage inequality, Congress, crypto, and played for 13.!

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