Third, although creditor incurred fees defending against proposed intervenor Justin Bunnells efforts to vacate the stipulated judgment, these fees are not related to the collection of judgment against debtors. James McDonald: Im a football player first and foremost! 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. [1] He played college basketball at Southern California (USC) and did not play college football. The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. Could you describe what you mean by that? Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Wealth Management is part of the Informa Connect Division of Informa PLC. Navin: Growth has been beating value for a number of years now. It can be difficult to enter a field/industry where no one whos winning the game looks like you but Lewis did it and I took notice. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . According to the U.S. Attorney's Office, McDonald's . By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. LOS ANGELES A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a federal criminal complaint alleging he lied to investors. *Free 10 Piece Chicken McNuggets valid 1x thru 2/28/22 for first time app users at participating McDonald's. 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. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. Suite 1200 The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Navin: What are you recommending for conservative investors? Yet it's not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. From this, the Court is hard pressed to make any finding as to what, if any, payments are due to the judgment creditors for purposes of assignment to plaintiff. are slashing up to 20% of their workforce. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. We'll be covering the markets, what stocks to look out for and more! 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 case status is Other. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. (Brown Decl. 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. 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. Brown, whose firm used to represent defendants on other matters seemingly related to this litigation but never actually appeared on behalf of defendants in this case. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Lines and paragraphs break automatically. James McDonald is a 25-year veteran of the investment industry and was named one of America's top 10 investment advisors by ETF.com in 2012. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. - Strategies to profit from a stock market decline James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. NDAQ that he was not going to stick around and that he would vanish, Chowthi wrote. However, the motion was not properly served. 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. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. 2.) 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. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. 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. Investors should let a professional handle putting these trades on. The SEC alleges that McDonald commingled the investor funds with Hercules assets and his personal assets, and used $440,000 of those funds for personal expenses, including to pay his personal credit card bills. On Oct. 1, 2021, attorneys from the SEC contacted McDonalds attorneys and scheduled an Oct. 14 interview, but McDonald responded that he was getting new counsel and could not makethe appointment; the SEC eventually subpoenaed him for records and to appear on Nov. 16. 4.). 3.). Lewiss story was intriguing to me because he was the first African American to reach that milestone. McDonald an avid football enthusiast stated that he planned to launch a publicly traded mutual fund under the ticker symbol NFLHX. The losses to Hercules clients and the potential for litigation related to those losses jeopardized the success of that fund because any litigation would have had to be publicly disclosed. The stock market is a big auction house. Los Angeles, California 90012. Web page addresses and e-mail addresses turn into links automatically. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC,. McDonald said recent valuations in the technology sector exceeded levels in the days and weeks before the major market crashes of 1929, 1987, 2001, and 2008. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. On February 15, 2022, creditors motion for order assigning right to payment was denied. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. Though McDonald did respond to some records requests, he failed to show on the scheduled date. A new strain of COVID-19, historically elevated tech . Hercules and the various insureds settled claims for $1,450,000, which was directed by Hercules to be paid into a separate account maintained by BNSK and distributed at Hercules direction for (1) defense costs relating to claims by investors against Hercules for losses sustained as a result of Hercules investment strategies and/or (2) to pay claims by various investors relating to losses by such investors as established by the Settlement Agreement. (Brown Decl. - 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. Moreover, proposed intervenors failure to do so is telling, as it is not at all clear what Bunnell would hope to and could properly accomplish as an intervenor. In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. [USA Today]. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors Further, creditor also seeks $55,477 in post-judgment interest. 2022-08-16, California Courts Of Appeal | Other | The Adviser grants to the Trust a license to use the names "Hercules Investments" and "Hercules Fund" (the "Name") as part of the name of any Fund during the term of this Agreement. XOM A Carson man who was a central figure in an international fraud and money-laundering network that targeted $25 million through a variety of frauds including romance scams and elder A former executive at cinema subscription service MoviePass Inc. has been arrested on a federal grand jury indictment alleging he embezzled approximately $260,000 from MoviePass parent company to repay money An Orange County man was sentenced today to 54 months in federal prison for fraudulently obtaining $5 million in COVID-relief loans for his sham businesses, then used the money on Central District of California Turns out I am as good as I thought I was. James Arthur McDonald Jr., 50, formerly of Arcadia and who is believed to be in hiding, is charged with one count of securities fraud, a crime punishable by up to 20 years in federal prison. He played for the Los Angeles Rams and Detroit Lions. Technology innovations are too powerful. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Share sensitive information only on official, secure websites. A thought-leader in education with a well-rounded background that includes hands-on and comprehensive experience identifying and addressing student differences in background, experiences,. He also allegedly sent ISA clients false account statements, including for one client who invested approximately $351,000, later needed the money to make a down payment on a home, was informed by McDonald that much of the money had been lost, and never got his full investment back. Amazon has encountered an error. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. Then its fine. (See Hood v. Gonzales (2019) 43 Cal.App.5th 57, 71 [interpleader is an equitable proceeding where the conflicting claims regarding the interpleaded funds are resolved]. 4; Brown Supp. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, (*******9709). Accordingly, to the extent that the post judgment enforcement proceedings in this case includes work on creditors ex parte application and motions, such work appears not to have been reasonable and necessary. Navin: What book or books would you recommend for someone interested in learning about markets? James McDonald, founder and CEO of Hercules Investments, has some advice for the next generation of Black Americans, "Go after what you want and be all that you can be." Tue, Feb 9. Now he's wanted on fraud charges. "The idea that tech stocks should keep rising in the face of the Covid-induced headwinds was an idea rooted in historic optimism," he said. McDonald: Without question: Market Wizards Jack Schwager. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. Or before an SEC investigator. Navin: You've named the issues facing the stock market as "a 3-headed monster." McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . 1718 Harriman Ln Redondo Beach, CA 90278 . Los Angeles Financial Services Companies. ET by Tomi Kilgore. ", Read more: Bank of America unveils its top stock pick in each of the 11 S&P 500 sectors and explains why they're poised to dominate in the year ahead. 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. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. | By . But what really got my attention was the security that empowered Lewis to make history: junk bonds. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. I do not hold positions in these investments. The SEC also filed a complaint against the registered investment advisor. From what we see, there is still a clear disconnect between markets and the health of the economy. 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Gone, leaving his car ( with the keys inside ) in D.J.s driveway ( ). Mcdonald hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer February 15, 2022 creditors! Was under investigation, we no longer allowed him on our air, a.
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james mcdonald hercules investments bio