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scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. Whats the bear case predicated on? 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 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. Charles Canter will lead the litigation. [USA Today]. All Rights Reserved. Covid-19 continues to spread rapidly and the vaccine rollout has been slower-than-expected, which is a worrisome combination for the economy and the stock market., The discussion will be streamed via Zoom at this link: https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q. Your email address will not be published. It is a risk-hedged growth mutual fund that captures market appreciation and has the potential for great gains when markets fall. Market data provided by Factset. Tax Advantages Are a Selling Point for Investment in CRE. 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. With the Super Bowl around the corner, who do you want to win and who do you think will win? I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. And weve seen, recent examples of how the concentrated energy of small investors can make headlines. The PE has risen by about 50% from a year ago. This field is for validation purposes and should be left unchanged. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. Registered in England and Wales. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Buckhead Tower, Suite 400 3399 Peachtree Rd. . I think all the equity markets are so overstretched that when a risk element enters the market, the selling will be violent and accelerated. Moneys thrown into the stock market, not just big caps, theres a whole surge of investing that weve seen, maybe with the beginning of the online trading movement, where there are pockets of individual investors who have moved into investing in a way that is creating tons of frothiness. To what extent do multiples deserve to be elevated given ultralow interest rates? Ryan Thomas Gosling (born November 12, 1980) is a Canadian actor. 4 . Our strategies offer downside protection and even potential upside gains with protracted market downturns. I played semi-pro football for 12 years. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. The affidavit of service states that the summons and complaint were served on James McDonald by service to Beatriz Lima, "as person in charge of the place of business / authorized to accept service on behalf of Hercules Investments, LLC, a California limited liability company at 1718 18 Harriman Lane, #A, Redondo Beach, CA 90278." My dream is to buy an NFL team. All material subject to strictly enforced copyright laws. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. Absolutely. 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. 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,. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We represent investors in claims against negligent brokers and brokerage firms. 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. That would be a doubling from the low. or redistributed. With only a few times in history have we had a gap even approaching these levels of GDP growth, equity market prices, corporate profits, equity market prices and PE ratios. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. Today, his ambition is to own a NFL team. Federal prosecutors charged McDonald with one count of. McDonald allegedly raised over $5 million and misappropriated funds for personal expenses and Ponzi-like payments. How Hercules Investments capitalizes on systematic volatility; The companys risk-hedging technique designed to help financial advisors and clients; How James McDonalds firm helps financial advisors grow their prospects; Hercules Investments ideal client as those who got aggressive growth goals; Allowed HTML tags: . Market data provided by Factset. The Sonn Law Group is currently investigating allegations surrounding James Arthur McDonald, Jr. or Hercules Investments, LLC. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. We had to save the economy from going off the cliff with us not being able to operate as normal," McDonald said. 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. 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. Your email address will not be published. Our specialization in volatility is what sets us apart because there are many funds and strategies which offer potential gains in a declining market, but as passive indexes or passive strategy, they are bound to lose money when markets are flat or rising. Despite the challenges of Covid, equity markets have pushed to all-time highs on most indexes in a fashion that would suggest there is no risk in the market. Sign up for free newsletters and get more CNBC delivered to your inbox. Its an all-weather strategy. The S&P 500 is trading at about 23 times projected forward earnings. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. 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. Contact me online or call anytime at 844-689-5754. And so, the gains that weve seen have come based on an enthusiasm and optimism placed across the entire market. Volatility itself could be owned through a number of securities. Then its fine. I think we will have another risk event that pulls the market down. Quotes displayed in real-time or delayed by at least 15 minutes. 2023 FOX News Network, LLC. Accounting and Auditing Enforcement Releases. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. *Our firm, in some cases, advance costs and expenses of the case, and in that event, are recovered from the gross recovery of any settlement or verdict. The Hercules investment team features investment professionals averaging over 20+ years of experience . So, I think over 75% of the gains in the S&P 500 in 2020 could be attributed to a handful of names. But stimulating growth is impossible if the economy isnt open. RIA Intel is part of the Euromoney Institutional Investor PLC group. To send us an e-mail, simply complete and submit the online form below. McDonald graduated from Harvard University with a Bachelor's degree in Economics. But I think that the market will rebound and potentially finish the year slightly higher. WealthManagement.com Staff | Nov 05, 2020. Hercules offers qualified clients market neutral portfolio management executed primarily through domestic index options. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Fox News Flash top headlines are here. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. So, I got to root for Tom Brady because any 40-plus football player is one I admire. Strategy Voice Associates, LLC Describe the ideal client profile. CHICAGO JUDGE DENIES BAIL FOR ILLINOIS WOMAN WHO ALLEGEDLY PUSHED 3-YEAR-OLD NEPHEW INTO LAKE MICHIGAN. - 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. 2023 Informa USA, Inc., All rights reserved, In this episode, David Armstrong, editor-in-chief at. 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. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. The bear case is that the effects of the shutdowns havent fully been realized yet. It means that sentiment and greed can move a market in the face of asking for fundamental justification in the short term. James McDonald Current Workplace Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance Discover more about Hercules Investments James McDonald Work Experience and Education Work Experience Chief Investment Officer Vishnu Wealth Management 2017-2019 McDonald falsely represented that investor funds would be used to expand Herculess business, lied about the firms financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. The case status is Pending - Other Pending. 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. A frequent lecturer and conference speaker, he is a nationally-recognized expert on the topics of macroeconomics, event-driven investing, growth investing, portfolio construction, index investing, exchange-traded funds, digital currencies, and index . Below are the states with which the firm you selected makes its notice filings. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. [Like this article? Im going to play on my own team and practice. The breadth of risk is extremely wide. And when we look at unemployment now, we say its recovered, but the recovery hasnt brought sufficient growth. 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 . Below are excerpts from our Jan. 28 discussion, edited for length and clarity. 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. Save my name, email, and website in this browser for the next time I comment. 2023 RIA Intel, an Institutional Investor Publication. And so, my passion and focus in trading is very personal and Im committed to generating profits for my clients with a motivation that goes far beyond investing. 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. 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. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. The SEC filed a civil injunctive action against James Arthur McDonald, Jr. and Hercules Investments, LLC in relation to fraudulent securities offerings. 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. And this is evidenced by us being at valuation levels weve never touched before, even higher than 1929 and 2000-2001. 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. 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. 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. Lets wrap up with football. 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. What the Fed did was to protect the economy from going into the abyss. Address of QUALITY servIce and relIable guarding, We are constantly workIng and developng to mprove our qualIty of servce. "Robust, quant driven investment strategies are typically only available to Ultra High Net Worth individuals and families with $25 million or more to invest. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. 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,. 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. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. For more information, please see www.hercules-investments.com, Media Contact: Matt Yemma Peaks Strategies 909-633-9396 [emailprotected], Cision Distribution 888-776-0942 If you or your loved one experienced investment losses, we are here to help. The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. He appeared as a financial expert on TV. Our ability to monetize volatility is exceptional as evidenced by our winning WealthManagement.coms 2020 Wealthies Award as top Alternative Asset Manager. 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. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. And so, this is artificial. Web page addresses and e-mail addresses turn into links automatically. Or, you know, anywhere, really. PDF Case Plaintiff Defendant - United States Courts Early life James McDonald was born in Wellhead, Morayshire, in north Scotland on September 23 1840. Ainslie Simmonds Vision for Pershing X, a Startup Out to Replace Advisor Tech Stacks, Economist Jason Furman Explains How Inflation Snuck Up on Us and Whats Ahead in 2022, A Mountaineer CEO Talks Infinity Multiples, Thrill-Seeking, and How Advisors Need to Change, Modern Slavery Act Transparency Statement. 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. Vaccinating the public will not happen as quickly as most expect. Its two and 20 (fee arrangement) ensures that our portfolio management is in alignment with the profit objectives of the client. Small businesses are suffering tremendously, and theyre always going to be the engine of growth for the economy. He earned a bachelor's degree in economics from Harvard University. I think the phenomena is an anomaly like virtually every pocket of life were in right now. Employment levels have increased slightly, but we are artificially keeping our economy going with stimulus checks and obviously all of the Feds actions. This funds fees accelerate when its performance accelerates. This field is for validation purposes and should be left unchanged. Required fields are marked *. 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. 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. 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 $0 BAHAMAS 386 (SG458) - Alexander Graham Bell (pb10456) Stamps Caribbean Bahamas (1973-Now) He argues the stimulus package will fail to rehabilitate the economy and thinks investors are too sanguine about the vaccines rollout, citing logistics and trust issues surrounding the vaccine. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. 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 . James McDonald from Hercules Investments, and James Camp, Eagle Asset Management director of strategic income and managing director of fixed income, join 'The Exchange' to discuss the impact . Subscribe to RIA Intels thrice-weekly newsletter.]. With this risk in the market, many individual investors have to count on either continued paid stimulus or continued paychecks and loans for small business relief. We can deliver these same strategies to investor portfolios with less than $1 million," said Mr. McDonald, Chief Executive Officer of Hercules and previous winner of the Top 10 Advisors Rising Stars award from ETF Report magazine. Subscribe to RIA Intels thrice-weekly newsletter and follow the publication on Twitter and LinkedIn. 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. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. The economy is slowly reopening and more vaccines are reaching people. 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. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. Because in addition to unemployed, he can also now call himself whistleblower.. The Fund seeks to implement very short-term long and short positions in call and put options on the main US stock . This material may not be published, broadcast, rewritten, 2023 CNBC LLC. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. 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. Resilience is the name of the game, says Mastercard CEO Michael Miebach, We've seen resilience in the U.S. consumer, says Coca-Cola CEO James Quincey, Illinois Governor JB Pritzker: Crime is coming down gradually in the city and it's getting better, Guggenheim CIO: We are predicting the recession to start mid-year, Moderna CEO: We're preparing our FDA filing for our RSV vaccine. The SECs complaint charges McDonald 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. Wealth Management is part of the Informa Connect Division of Informa PLC. Im a football player disguised as a portfolio manager. How does it factor into your life? My dream was always to play in the NFL and thats going to be my ticket. GESCO is a security company operating in various fields and basing on the principle of physical protection.
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