In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. options. 4.) Please use a different way to share. McDonald was the CEO and chief investment officer for two registered companies; Hercules Investments, based in Los Angeles, and Index Strategy Advisors, which was based in Redondo Beach. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. Please try again. (Lindemann Decl. 28, 2021 at 7:18 a.m. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. Registered in England and Wales. The opposite is true of course. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine Los Angeles, California 90012. Help others learn more about this product by uploading a video! That is fatal. Turns out I am as good as I thought I was. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. 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. "Monday's selling pressure isn't a sign that a major market crash is imminent, but crashes do begin with shifts in short-term sentiment like we have seen in recent sessions," McDonald said. 2, 5 & Ex. . 2022-01-10. By clicking Sign up, you agree to receive marketing emails from Insider 2.) Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. There are dozens of ratios stemming from a/d that consistently benefit the type of active investing we do and they give us clarity on the sentiment of investors as it shifts back and forth between greed and fear. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Work Biography for James McDonald, Hercules Investments. It looks like WhatsApp is not installed on your phone. Amazon has encountered an error. Markets have always crashed in the weeks and months following 52-week highs, and it could take only a change in sentiment to trigger a large sell-off, the investment chief said. Moreover, the claimed fees are insufficiently supported. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. at 3.) The Securities and Exchange Commission today announced the filing of a civil injunctive action against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. Full content visible, double tap to read brief content. McDonald: Our calculations put the S&P at 2,889 and the Dow at 23,740by inauguration and if Biden wins, S&P 1,800 and Dow 15,000 by August 2021. LOUI RUDAS, ET AL. In late 2020, McDonald lost tens of millions of dollars of Hercules client money after adopting a risky short position that effectively bet against the health of the United States economy in the aftermath of the U.S. presidential election. After injuries in high school, as a non-scholarship walk-on player, I ended up playing college football in Maryland and was having a stellar season as a freshman until I suffered a catastrophic knee injury that rendered me disabled for the next 15 years. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. If the stock market falls by say 20-40 percent, you can expect a vol instrument such as UVXY or VOLQ to gain 100-200% so purchasing long-dated call options on those vehicles could deliver gains of 10X the gains on the instrument itself. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. On one morning in late October or early November 2021, D.J. Plaintiff contends that the requested documents are pertinent to the efforts to collection on the judgment, including ascertaining available insurance and concerning the assets of judgment debtors Hercules Investments, LLC and James McDonald that are being held, obstructed, or concealed by third parties. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. My plan to write a $2-$3 billion dollar check for a franchise? Accordingly, the claim of 531.4 hours is insufficiently supported. This is the story of how his charm and 'hubris' was so powerful, after one of his presentations, someone asked if they could join his cult. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. According to McDonalds former romantic partner and business associate, D.J., after the SEC subpoenaed records from Hercules and subpoenaed McDonald for testimony, McDonald told D.J. - The dangers of too much fiscal and monetary stimulus McDonald: You have to follow the money. The SEC also filed a complaint against the registered investment advisor. Instead, McDonald spent more than $1 million of the money on his own expenses, and used more than $2 million on Ponzi-like payments to Hercules clients and business expenses for the firm, according to the SEC complaint against him. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. Technology innovations are too powerful. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 . Either way, any such money in Mr. Browns account does not constitute a right to payment due or to become due to defendants which may be assigned pursuant to CCP 708.510. James is the co-author of How To Invest In Bitcoin By Two Harvard Minds. Hes a graduate of Harvard University with a B.A. But my excellence at trading didnt happen overnight. Track. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. A new strain of COVID-19, historically elevated tech . On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. (Brown Decl. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. LOS ANGELES Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC, a Los Angeles-based. In accordance with subsection (c)(2) of CCP 708.510, the Court considers [p]ayments the judgment debtor is required to make when determining whether to order an assignment or the amount of an assignment. Plaintiff acknowledges that there are apparently, other claims to the $1.45 million and against defendants. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. Public Information Officer While Browns response to the motion may add clarity as to what plaintiff here seeks, it does not bring plaintiff any closer to obtaining it through via assignment pursuant to CCP 708.510. Too many people are getting sick and dying. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? Why Should White Guys Have All the Fun by Blair Walker. However, the motion was not properly served. We are sorry. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors In an initial declaration, counsel for plaintiff confusingly and without providing context, corroboration, or support states: The settlement agreement underlying the Judgment, and communication, refers to the fact that the payment will come from the Ascot insurance policy. (Lindemann Decl. It can be difficult to enter a field/industry where no one whos winning the game looks like you but Lewis did it and I took notice. Because judgment was not entered before this date, fees incurred from August 17, 2021 to December 9, 2021 necessarily could not have been incurred in enforcing the judgment. Navin: What book or books would you recommend for someone interested in learning about markets? portville central school yearbooks; jennette mccurdy astroseek. The stated reason for seeking ex parte relief is the purported irreparable harm and immediate danger of this Court granting plaintiffs Motion for Assignment without first determining whether Bunnell may intervene in this action and be heard as to that motion. But some clients discovered Hercules plight, and confronted McDonald on a phone call in March 2021, while McDonald continued to send ISA clients false account statements, according to Chowthis complaint. Public Records Policy. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. A thought-leader in education with a well-rounded background that includes hands-on and comprehensive experience identifying and addressing student differences in background, experiences,. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. 4; Brown Supp. Lock in commitments IPO and M&A exits companies funded assets under management co-investments with VC & PE firms new debt & equity commitments in commitments IPO and M&A exits Proposed Intervenor Justin Bunnells Ex Parte Application for an Order Granting Leave to Intervene or, in the Alternative, for an Order Advancing the March 10, 2022 Hearing Date on Justin Bunnells Pending Noticed Motion for an Order Granting Leave to Intervene is DENIED. Of course, like most of the people brought on by CNBC to explain how the market will react to certain things (like talking heads on any subject on any 24-hour news channel), being generally right about those things was not a booking requirement. James McDonald works as a Chief Executive Officer at Hercules Investments, which is a Finance company with an estimated 6 employees; and founded in 2019. Moreover, proposed intervenors failure to do so is telling, as it is not at all clear what Bunnell would hope to and could properly accomplish as an intervenor. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. McDonald graduated from Harvard University with a Bachelors degree in Economics. Counsel avers: The services rendered include communications attempting to enforce the settlement agreement and judgment, post judgment enforcement proceedings in this case, defending a separate action brought by Justin Bunnell, defending a separate interpleader brought by Ethan Brown, defending an Appeal brought by Justin Bunnell, and a whole host of other services. (Lindemann Decl. ${cardName} not available for the seller you chose. How to say james mcdonald in English? Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. If you're an investor, you'd want to look much deeper into each of these situations. The SEC noted that McDonald was previously a guest commentator for CNBC -. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. V.P., Director of Strategic Initiatives, BBVA Compass, Houston, TX, 2002- 2006 Direct report to the CEO of the $12 Billion AUM Wealth Management Group (WMG). 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.. A North Richmond native, McDonald, his wife Mary Ann and their two daughters moved to Hercules in 1984. On May 3, 2022, creditors motion to compel compliance with subpoena was denied. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. Enhancements you chose aren't available for this seller. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. XOM A complaint contains allegations that a defendant has committed a crime. If you do not agree with these terms, then do not use our website and/or services. Under CCP 187, the Court can fashion an appropriate procedure to ensure that no stone [is left] unturned in the search for assets which might be used to satisfy the judgment. (Troy v. Superior Court (1986) 186 Cal.App.3d 1006, 1014 [[T]he purpose of a judgment debtor examination is to leave no stone unturned in the search for assets which might be used to satisfy the judgment]; Yolandas, 11 Cal.App.5th at 515. See James M Macdonald's compensation, career history, education, & memberships. On Oct. 1, 2021, attorneys from the SEC contacted McDonalds attorneys and scheduled an Oct. 14 interview, but McDonald responded that he was getting new counsel and could not makethe appointment; the SEC eventually subpoenaed him for records and to appear on Nov. 16. James Arthur McDonald Jr ., 50, who is believed to be in hiding, was charged with a single count of securities fraud, according to the U.S. Attorney's Office. Navin: Growth has been beating value for a number of years now. Don't miss this show today! The SEC alleges that McDonald, a former guest commentator on CNBC, raised more than $5.1 million from 23 investors and clients, and misappropriated more than $2.9 million of those funds for personal expenses and Ponzi-like payments to earlier investors. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Or before an SEC investigator. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, Notice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, Case assigned to Hon. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Second, between February and October 2021, McDonald offered and sold equity investments in Hercules itself, raising $1.5 million from two types of investors: one non-client group and two existing individual Hercules clients. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. James McDonald, CEO at Los Angeles-based alternative investment manager Hercules Investments has a trade which would profit from the stock market dropping back to March lows. I am as good as I thought I was early November 2021, D.J ex parte application order! { cardName } not available for the crash to happen Court file reflects that counsel for creditor remotely! An equity portfolio previously a guest commentator for CNBC - ; s compensation, history... 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