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On Wednesday, the SEC levied fraud charges against Laurence Balter, a 46-year old Kihei, Hawaii resident and former founder, sole-owner, and principal of the now-defunct Oracle Investment Research. At its peak in February 2013, Oracle had $47 million in regulatory assets under management. Most of Balter’s clients were over 60, nearing retirement or retired. They were individual, unsophisticated investors, the SEC found, with little investing experience to speak of

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seed-investments

Every time I turn around, I find a manager looking for seed capital. Many are frustrated with what I like to call “second dollar syndrome” – the fact that everyone seems happy to be the second dollar in your fund, but few want to commit the first dollar – and dream of a seed investment

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Greetings, We begin with the Eurozone where the Deutsche Bank boogeyman is back. The market was shaken by the news (somewhat reminiscent of Bear Stearns in early 2008) that several large clients started reducing credit exposure to the bank. Source: Bloomberg; Read full article Deutsche shares sold off sharply in US trading. Moreover, the implied volatility

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630a3d_7c1c7cf0ce214d5ea1a4c12711cb78ef

On August 25, 2016, the Securities and Exchange Commission (the “SEC”) adopted amendments to Form ADV and to certain rules promulgated under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).[1] The effective date of these amendments is October 31, 2016, but the compliance date is not untilOctober 1, 2017, and many advisers will not be required to use the amended Form ADV until March 31, 2018

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