Share sensitive information only on official, secure websites. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. in Economics. McDonald then used some of the funds from this capital raise for his own purposes, including $174,610 at a Porsche dealership, $109,512 for rent expensesand nearly $7,000 on designer menswear, according to the DOJ. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. Or before an SEC investigator. The stated reason for seeking ex parte relief is the purported irreparable harm and immediate danger of this Court granting plaintiffs Motion for Assignment without first determining whether Bunnell may intervene in this action and be heard as to that motion. Plaintiff moves to compel BNSKs compliance with the subpoena, which directed BNSK to produce or do the following: All drafts of settlement agreement with Ascot, and the final signed copy of the settlement agreement with Ascot. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 2022-01-24, Los Angeles County Superior Courts | Contract | 2023 Informa USA, Inc., All rights reserved, Target Needs to Make You Want to Spend Again, Six Reasons 2023 Is the Year of the 1031 Exchange, 10 Must Reads for CRE Investors Today (Feb. 28, 2023), Goldman Turns to Make-or-Break Unit as Solomon Put to Test, For Many Homebuyers, Its New Construction or Nothing, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags: . The SEC noted that McDonald was previously a guest commentator for CNBC -. Since McDonalds compensation for his investment advisory services primarily was based on a percentage of assets under his management typically 2% of a clients total assets held by Hercules the massive losses to Hercules clients significantly decreased the fees McDonald was entitled to collect. While Browns response to the motion may add clarity as to what plaintiff here seeks, it does not bring plaintiff any closer to obtaining it through via assignment pursuant to CCP 708.510. McDonald: Number 1 is COVID-19. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. When facing allegations such as these, its best not to be seen on TV. McDonald could not be reached for comment. Number 2 is market valuations. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. James McDonald works as a Chief Executive Officer at Hercules Investments, which is a Finance company with an estimated 6 employees; and founded in 2019. 1718 Harriman Ln Redondo Beach, CA 90278 . Apr. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, The stock market is a big auction house. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, Notice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, Case assigned to Hon. When investors really want something they are willing to pay up, and stock prices rise. Our payment security system encrypts your information during transmission. Please prove that you're human. 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. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Please use a different way to share. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. 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. This is the story of how his charm and 'hubris' was so powerful, after one of his presentations, someone asked if they could join his cult. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Hercules investments is an award-winning portfolio manager serving growth-focused individual. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. 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. ", 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. 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, authorities said. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). Or, you know, anywhere, really. 633 W 5th Street, Los Angeles, CA 90071 Proposed intervenor failed to include a copy of the proposed complaint in intervention or answer in intervention, as required by CCP 387(c). McDonald: You have to follow the money. Federal prosecutors charged McDonald with one count of. 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,. . Cancellation and Refund Policy, Privacy Policy, and Moreover, creditor claims $149 for gas and mileage. ${cardName} not available for the seller you chose. Why is this public record being published online? How To Invest In Bitcoin By Two Harvard Minds. Public Records Policy. A complaint contains allegations that a defendant has committed a crime. From what we see, there is still a clear disconnect between markets and the health of the economy. That's especially true since recent progress on vaccines led many investors to expect a smooth return to normal life following their rollout, he said. On February 10, 2022, plaintiff served a deposition subpoena seeking the production of business records on Ethan Brown, custodian of records for Brown Neri Smith & Khan LLP (BNSK). SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. According to Chowthi, D.J. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park 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. 1.) 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. 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. As stated in his opening brief, proposed intervenor admits to this Court that Bunnell seeks only to only [sic] oppose the Assignment Motion (Bunnell Mem. On May 3, 2022, creditors motion to compel compliance with subpoena was denied. 2022-08-16, California Courts Of Appeal | Other | The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. ET by Tomi Kilgore. Small businesses are still facing closures at a record rate, while the pandemic is expected to push a further 10-15 million people into poverty. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. Navin: So, you're expecting a big sell-off how big? 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. TIMOTHY Z. MOSLEY, ET AL. BEN CECCHINI, ET AL. 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. 2.) 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. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. Being able to identify the turning points in sentiment is our secret to success. (Lindemann Decl. According to an affidavit filed with the complaint, McDonald frequently appeared as an analyst on the CNBC financial TV news network and was the CEO and chief investment officer of two companies: Hercules Investments LLC, based in downtown Los Angeles, and Index Strategy Advisors Inc. (ISA), based in Redondo Beach. "Monday's selling pressure isn't a sign that a major market crash is imminent, but crashes do begin with shifts in short-term sentiment like we have seen in recent sessions," McDonald said. The founder of a Chicago megachurch has been fired as its leader. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. Number 3 is the presidential election. 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,. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. Docket Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC 06/14/2021 Docket Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. 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. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. 4.). (See CCP 685.070(a) [listing costs that creditor may claim].).
