(Bloomberg) — The Standard & Poor’s 500 Index recouped half its bear-market loss, pushing for a second time to a level that might herald more gains, according to some analysts who follow the Fibonacci system of forecasting prices. The benchmark for U.S.
Posts Tagged ‘Managing Director’
S&P 500 Faces ‘Heavy’ Fibonacci Resistance
March 3rd, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bank Of Canada, Bear Market, Clos, Contraction, Fibonacci Number Sequence, Financial Crisis, Lehman Brothers, Lehman Brothers Holdings, Lehman Brothers Holdings Inc, Leonardo Of Pisa, Liber Abaci, Managing Director, Rbc Capital Markets, Retracement, Royal Bank Of Canada, S 500, Second Time, Slump, Subprime Mortgages, Technical Resistance 
Comments OffWall Street Makes It Hard to Earn Legal Living
November 14th, 2009 Before You Invest 
Alice Schroeder is the author of “The Snowball: Warren Buffett and the Business of Life”, a former managing director at Morgan Stanley, and is a Bloomberg News columnist.
Posted in Finance Fraud Tags: Alice, Anesthetic, Bloomberg News, Columnist, Ethics, Extreme Statement, Honorable People, Investing, Investors, Managing Director, Money Managers, Morgan Stanley, Schroeder, Securities Laws, Snowball, Street Legal, University Students, Wall Street, Warren Buffett No Comments »$15.8m fine for spam – theaustralian.news.com.au – 24 Oct 09
October 28th, 2009 Before You Invest THE operators of a mobile phone text scam that preyed on the desperate and dateless were yesterday slammed with $15.8million in fines for breaching anti-spam laws.
The fine, from Queensland’s Federal Court, makes the operators — who posted fake personals profiles on dating websites to harvest mobile phone numbers and lure men to pay up to $5 per message for SMS sex chat services — the recipients of Australia’s largest spam penalty.
It trumped the West Australian Federal Court’s October 2006 imposition of $5.5m in fines against email marketing company Clarity1, of which $1m was levied against managing director Wayne Mansfield.
It was also the first time the Australian Communications and Media Authority had taken legal action over SMS spam.
By Andrew Colley
Ex-Morgan Stanley banker sentenced to 7 years in prison in Hong Kong insider trading case
September 22nd, 2009 Before You Invest
HONG KONG — An ex-Morgan Stanley banker was sentenced Friday to seven years in prison in Hong Kong’s biggest insider trading case — an “unprecedented” scam a judge said undermined the integrity of this leading Asian financial center. Du Jun, a former managing director of the Wall Street investment bank, also was fined about 23.3 million Hong Kong dollars (about $3 million). The 41-year-old Beijing-native showed little emotion as a Hong Kong judge chastised him for his “greed” and “dishonesty and fraudulence.” Du risked making the illegal trades even though he was earning well over $2 million a year at Morgan Stanley. “The scale was unprecedented,” Judge Andrew Chan said, referring to the millions Du used in his trades. Du’s lawyer Alexander King declined to say whether his client would appeal, only saying “use your common sense.” Du was convicted last week of nine counts of insider dealing for trading shares of Citic Resources Holdings Limited before the company’s announcement of an acquisition in 2007.
Posted in Finance Fraud Tags: Alexander King, Andrew Chan, Business Elite, Citic Resources, Criminal Offense, Dishonesty, Futures Commission, Greed, Hong Kong Dollars, Illegal Trades, Insider Trading, Investment Bank, Local Security, Malfeasance, Managing Director, Mark Steward, Morgan Stanley, Regulators, Wall Street Investment, Watchdog No Comments »Pimco snags Harvard portfolio manager
August 14th, 2009 Before You Invest Marc P. Seidner jumps from coast to coast to join Bill Gross as a top fixed-income manager at the Newport Beach bond shop
Pacific Investment Management Co. LLC has hired Marc P. Seidner as an executive vice president and portfolio manager.
He will run several fixed-income portfolios and help formulate investment strategies, the company said in a statement today
Mr.
Posted in Finance Fraud Tags: Bill Gross, Chief Investment Officer, Co Llc, Executive Vice, Fixed Income Portfolio, Gross Co, Harvard Management, Investment Management, Investment Professional, Investment Strategies, Management Co, Managing Director, Newport Beach, Pacific Investment Management Co, Pimco, Portfolio Management Team, Portfolio Manager, Portfolios, Professional Bill, Seidner, Snags No Comments »Lake Shore Asset operator charged in $300M fraud
June 16th, 2009 Before You Invest
The managing director of a Chicago-based hedge fund has been charged with swindling hundreds of investors in a $312 million fraud scheme. A 27-count federal indictment unsealed Monday charged 44-year-old Philip J. Baker with wire fraud, commodities fraud and other offenses. Baker is a Canadian citizen last known to be living in Germany. He allegedly told investors in Lake Shore Asset Management that the hedge fund had generated positive returns since 1993 when it actually was losing millions of dollars and hadn’t traded at all prior to 2002. The alleged fraud was first revealed in 2007 when Baker was sued by the Commodities Futures Trading Commission.
Hedge Funds Expect Regulatory Hammer to Fall Within Six Months
May 3rd, 2009 Before You Invest Hedge funds are gearing up for a stricter regulatory environment, and examining the technology they will need to comply with any new requirements.
A recent panel discussion hosted by the global organization “100 Women in Hedge Funds” and vendor Linedata Services, focused on a need for funds to provide better transparency for regulators and investors.
New regulations are expected to include forcing hedge funds to register as advisors, and potentially to open their books and records to the SEC, said Annie Morris, managing director, Linedata Services.
The hedge fund community expects new regulations to be announced within the next six months, Morris added.
Meanwhile, the panel of 150 Boston-based hedge fund professionals heard that many hedge funds are now scrambling to adopt stronger electronic infrastructure.
“Some smaller funds don’t have large IT staff.
Posted in Finance Fraud Tags: 100 Women, Annie, Business Disaster Recovery Plan, Compliance Rules, Disaster Recovery Plan, Educational Programming, Electronic Infrastructure, Global Association, Global Organization, Hammer Fall, Hedge Fund, Hedge Funds, Managing Director, Panel Discussion, Philanthropy, Professional Women, Regulators, Regulatory Environment, Six Months, Transparency No Comments »India charges nine over $1bn Satyam fraud
April 10th, 2009 Before You Invest India’s Central Bureau of Investigation (CBI) has indicted nine people in connection with an alleged $1 billion accounting fraud at IT outsourcing specialist Satyam.
The 300-page charge sheet names former Satyam chairman B Ramalinga Raju, as well as his brother and the company’s ex-managing director, Rama Raju.
In January, Satyam’s then-chairman had reportedly admitted the accounting fraud, saying he had wildly inflated the company’s profitability and assets until the scheme had reached “unmanageable proportions”.
Others charged in the CBI lawsuit include Satyam’s chief financial officer at the time, Vadlamani Srinivas, as well as two former company auditors – S. Gopalakrishnan and Talluri Srinivas.
The defendants are accused of offences including criminal conspiracy, forgery for the purposes of cheating, falsification of accounts and causing the disappearance of evidence.
In all, the charge sheet cited 433 witnesses and 1,532 documents.
Earlier this month, the Business Standard reported that up to 300 Satyam staff employed on a project for Merrill Lynch when the alleged fraud was uncovered would be transferring to Bank of America.
Posted in Finance Fraud Tags: Accounting Fraud, Bank Of America, Cbi, Central Bureau Of Investigation, Chief Financial Officer, Company Auditors, Criminal Conspiracy, Disappearance, Falsification, Forgery, Gopalakrishnan, Managing Director, Merrill Lynch, Profitability, Proportions, Rama Raju, Ramalinga, S Central, Sheet Names, Talluri No Comments »Investors push back over terms of TALF
March 14th, 2009 Before You Invest Investors, particularly hedge funds, are not comfortable with some of the stipulations for participating in the Term Asset-Backed Loan Facility, saying they give the Federal Reserve and dealers too much power to comb through their books. The program, which is backed by the Fed and the U.S.
Posted in Finance Fraud Tags: Comb, Faces, Federal Reserve, General Counsel, Hedge Funds, Investors, Loan Facility, Managing Director, Sifma, Stipulations, Toomey, U S Treasury Comments Off
