It’s not terribly difficult to research people in the investment profession, thanks to such resources as FINRA BrokerCheck and the NFA’s BASIC database. Along with a Google or Lexis/Nexis search, and you can find out a ton of information about people. These resources won’t protect you from those who have not yet run afoul of the law, but they are perfect starting points
... Read more »Search Results for: Ann Logue
SEC Actions This Week: City National in the Spotlight Mar4
One of the many institutions name-checked in Inventing Anna, the Netflix story of fake German heiress Anna Sorokin, is City National. The Los Angeles bank is part of the Royal Bank of Canada empire. It caters to Hollywood movers and shakers, so it fit with Sorokin’s vibe/con. She applied for a $22 million loan from City National for the club that she wanted to open, but the application was rejected. Instead, she received a $100,000 overdraft facility that she drew down
... Read more »SEC Actions this Week: Creative Accounting Takes a Hit Feb25
In college, the first quarter of accounting is simply bookkeeping: learning how to do debits and credits, then close out the books and prepare financial statements. It’s important work, but it’s also bound by specific rules
... Read more »SEC Actions This Week: BlockFi’s Bitcoin Bonds Get Bonked by I-Bank Bosses Feb18
By Ann C. Logue In the 13 years since Bitcoin’s introduction, the consensus is that the technology is interesting, but there’s still not much you can do with the actual coins. They change in price with supply and demand, of course, but there are few ways to spend them other than converting them back into
... Read more »SEC Actions This Week: Robo-Advisor in Registration Row Feb11
One of the headaches of running an investment firm is the ongoing regulatory paperwork. The agencies want things done properly, which takes up lots of time and keeps lawyers billable. Aren’t you sometimes tempted, just a little, to ignore the regulations and do what you want?
... Read more »