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
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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
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2020 was a roller coaster year on many levels, filled with trepidation and nervousness for the overall health of the economy, our government and healthcare responses to the pandemic, and a sense of unease about whether or not ‘normal’ will ever be achieved post-Covid. Many things have changed, some temporarily, some permanently, but when it comes to the investment community, some things, thankfully, stay essentially the same
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The last quarter push to the November elections is fully upon us and, while the market seems to be holding at robust levels of participation, it’s clear that all sides of the financial and political community are waiting for the eventual party outcome to be determined in order to plan and execute business with a long-term perspective
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August is here, and we are still largely working remotely in the financial services industry. This separation from clients and prospects is particularly difficult to manage for those tasked with marketing, business development, and client relationships. There just isn’t an equivalent substitute for meeting and interacting in person for some of these functions, yet this is required for the majority of businesses in 2020 for the undetermined future. Some ideas to help mitigate the impersonal and isolated feeling that working remote can generate follow below
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