Either way, any such money in Mr. Browns account does not constitute a right to payment due or to become due to defendants which may be assigned pursuant to CCP 708.510. 2022-01-21, Los Angeles County Superior Courts | Contract | Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. Hercules Investments CIO James McDonald on CNBC The Exchange 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. ciaran.mcevoy@usdoj.gov Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. I knew from the first time I stepped on the field at 11 years old that I wanted to be an NFL linebacker; and today at 49 years old, I still wish I could play in the NFL! XOM I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. No credit card required. 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.. Turns out I am as good as I thought I was. Yet only 14.5% of the global market has been penetrated. Lock An official website of the United States government. Number 8860726. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. On its face, the number of hours appears to be without merit. (whos only identified as suchin the complaint) a laptop and cell phone to secretly communicate with McDonald, as well as a thumb drive containing information about which clients were owed money. ) or https:// means youve safely connected to the .gov website. On one morning in late October or early November 2021, D.J. How To Invest In Bitcoin By Two Harvard Minds. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. That is fatal. VS TRILLER HOLD CO LLC, ET AL. 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. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Navin: You've named the issues facing the stock market as "a 3-headed monster." 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 28, 2021 at 7:18 a.m. ), Case Number: *******9709 Hearing Date: March 10, 2022 Dept: 72. We work hard to protect your security and privacy. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. ${cardName} not available for the seller you chose. 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. In response, McDonald began soliciting funds for a purported capital raise for the company; as an avid football enthusiast, he claimed to be setting up a publicly traded mutual fund with the ticker symbol of NFLHX, but according to the Justice Department, this was a ruse concocted as the advisorcontinued to notinform clients about the seismic losses the firm suffered. 297 views, 25 likes, 0 loves, 5 comments, 0 shares, Facebook Watch Videos from Hercules Investments: James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment. Please prove that you're human. McDonald was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. keystyle mmc corp login; thomson reuters drafting assistant user guide. [1] He played college basketball at Southern California (USC) and did not play college football. The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. Accordingly, plaintiff fails to demonstrate that the requested documents pertain to the search for assets to satisfy the judgment entered against defendants Hercules Investments, LLC and James McDonald in this action. All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. . scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. 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,. See James M Macdonald's compensation, career history, education, & memberships. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. Case Details Parties Documents Dockets. 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, a Los Angeles-based Registered Investment Advisor.Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. McDonald allegedly also falsely represented to clients that ISA, his other firm, was a registered investment adviser, even though he had withdrawn ISA as a state-registered investment adviser firm in May 2019. I became obsessed with making my own history through innovative use of a financial product. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. 3.) The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Greater Los Angeles Area Financial Services Companies. 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
Official websites use .gov The Court is hard-pressed to see how Bunnell is or should be entitled to enter the case, undo the judgment, and then leavewhich is precisely what the proposed intervenor seemingly seeks to accomplish here. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Could you describe what you mean by that? Alternatively, for those willing to accept risk? (See Brown Decl. LOS ANGELES, July 23, 2020 /PRNewswire/ -- Hercules Investments, a Los Angeles based Registered Investment Advisor and Independent Wealth Advisor, has announced the hire of Loreal McDonald as . 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. Please try again. 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. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. Enhancements you chose aren't available for this seller. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. He was named a "rising star"advisor in 2012 by ETF.com,frequently appeared on CNBC as a marketanalyst, including on Fast Money and The Exchange, and Hercules Investments won a WealthManagement.com Industry award in 2020 in the category ofAlternative Asset Management. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. - Strategies to profit from a stock market decline NDAQ 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. The founder of a Chicago megachurch has been fired as its leader. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. View James A McDonald's profile for company associations, background information, and partnerships. The case status is Other. To begin with, plaintiff Semyon Ginzburg fails to sufficiently demonstrate that, for purposes of assignment, there are any monies due or to become due to the judgment creditor defendants. According to the U.S. Attorney's Office, McDonald's . Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . Markets have always crashed in the weeks and months following 52-week highs, and it could take only a change in sentiment to trigger a large sell-off, the investment chief said. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . Lines and paragraphs break automatically. 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. DocketUpdated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. DocketUpdated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC, DocketCase reassigned to Stanley Mosk Courthouse in Department 72 - Hon. . 1718 Harriman Ln Redondo Beach, CA 90278 . Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. The SEC also filed a complaint against the registered investment advisor. Federal prosecutors charged McDonald with one count of. *Free 10 Piece Chicken McNuggets valid 1x thru 2/28/22 for first time app users at participating McDonald's. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. The SEC's complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021 for the stated purpose of trading securities through an investment vehicle called the Index Strategy Advisors Fund, and that McDonald used less than half those funds for trading and did not engage in any trading with the funds for long stretches of time. Access your favorite topics in a personalized feed while you're on the go. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. 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,. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. (Reply at 3.) "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. And the s & P 500 closed at record highs last week james mcdonald hercules investments bio church elders after & quot ; inappropriate! Licensed to display information of Black Americans inside scoop on what traders are about... 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