Our employees and their family members enjoyed a wonderful time together this morning at PureTrack in Anaheim, CA! Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. Instead, the SEC alleges, McDonald misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules' investment adviser clients and expenses associated with operating Hercules. Whats the bear case predicated on? PDF Case Plaintiff Defendant - United States Courts Early life James McDonald was born in Wellhead, Morayshire, in north Scotland on September 23 1840. 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. Do you have your eyes on any team per se? The SEC appreciates the assistance of the U.S. Attorney's Office, the Federal Bureau of Investigation, and the Internal Revenue Service-Criminal Investigation Division. 4 . Of course, we know that theres tremendous risk, not just to our health, but to the sustainability of small businesses, to the credit and economic security of households and to the outlook for how we will move forward past the pandemic. 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. 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. This inflation will cause interest rates to rise in the medium term or long term and the necessary pullback in the markets will be a result of investors taking risk off the table. All Rights Reserved. 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. 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 . The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. This material may not be published, broadcast, rewritten, James McDonald from Hercules Investments and James Camp, Eagle Asset Management director of strategic income and managing director of fixed income, discuss the impact of the $1.9 trillion. What should advisors know about your firm and how you can help them? Its an all-weather strategy. Get James McDonald's email address (j*****@post.harvard.edu) and phone number (718848..) at RocketReach. Today, his ambition is to own a NFL team. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. [USA Today]. We fight to level the playing field between large corporations and the public investor. 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. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. 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: . Key stock indexes, which are market cap based, are near record highs. The SEC filed a civil injunctive action against James Arthur McDonald, Jr. and Hercules Investments, LLC in relation to fraudulent securities offerings. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. To be clear, you expect a risk event this year will take the Dow down to 15,000 but by year end it will finish higher than today? How Should HNW Investors Think About Them? Instead, McDonald allegedly misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules investment adviser clients and expenses associated with operating Hercules. The fund is for qualified investors only, and as such mimics many of the features of a hedge fund strategy. I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. 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. Each client and each clients case is unique, and no result or outcome is or can ever be guaranteed. Contact me online or call anytime at 844-689-5754 SEC Charges James Arthur McDonald, Jr. and His SEC-Registered Investment Adviser Firm, Hercules Investments, LLC with Offering Fraudulent Securities Sonn Law Staff Oct 05, 2022 Posted in Investment Loss Investigations # James Arthur McDonald Jr. Its not a doomsday picture, but markets are priced right now as if all economic engines are fully up and running. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. 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 Fox News Flash top headlines for September 22. One hundred million viewers are expected to tune into Sundays Super Bowl between the defending champion Kansas City Chiefs and Tampa Bay Buccaneers. *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. Contact our office today to discuss your case. We do this because we invest in index options, which give us the flexibility to purchase contracts that rise in value when markets fall and to own very misunderstood and often overlooked asset class volatility. Quotes displayed in real-time or delayed by at least 15 minutes. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. 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 . Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. According to the complaint, McDonald also appears to have terminated his previous phone and email accounts and told one person that he planned to vanish.. RIA Intel is part of the Euromoney Institutional Investor PLC group. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. Im a football player disguised as a portfolio manager. . We deliver these strategies through NFLHX. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. What the Fed did was to protect the economy from going into the abyss. The 10 Best and 10 Worst States in Which to Retire in 2021, Im an Advisor. The S&P 500 is trading at about 23 times projected forward earnings. 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. Charles Canter will lead the litigation. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. Address of QUALITY servIce and relIable guarding, We are constantly workIng and developng to mprove our qualIty of servce. Hercules Investments provides a growth option for investors who need gains and growth, but we offer an element of downside risk protection because equity markets are disconnected from what we know is GDP contraction, debt, and all the uncertainty that comes along with a mutating virus. PHILADELPHIA COP WHO SHOT UNARMED BLACK MOTORIST BEGINS TRIAL. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. The bull case would imply that were 50% stronger in terms of our earnings premium over our equity premium based on what we pay for earnings. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. 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. Accounting and Auditing Enforcement Releases. Get 5 free searches. Volatility itself could be owned through a number of securities. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. 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. That would be a doubling from the low. Your email address will not be published. I think the phenomena is an anomaly like virtually every pocket of life were in right now. AssetMark CEO Charles Goldman tells RIA Intel that he is focused on acquisitions, helping advisors, and the long term. The Hercules investment team features investment professionals averaging over 20+ years of experience . This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. It means that sentiment and greed can move a market in the face of asking for fundamental justification in the short term. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. 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. 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. Complaint seeks permanent injunctions, disgorgement with prejudgment interest, and the public investor,. 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