Ponzi schemes are too common in the investment world, and this week the SEC announced allegations of another one. Georgia resident John Woods was charged with using an investment advisory firm that he controls, doing business as Southport Capital headquartered in Chattanooga, TN, to funnel investors into a private equity fund that he also controls, Horizon Private Equity III LLC. Horizon Private Equity has no address and no employees

You would think that people would understand that insider trading is wrong and that they are likely to be caught, and yet, this week’s SEC actions included two incidents of alleged insider trading. In fairness to insider traders, the SEC is sometimes slow. People may think they are getting away with it, until they are not