We want to hear from you. It means that sentiment and greed can move a market in the face of asking for fundamental justification in the short term. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. All material subject to strictly enforced copyright laws. McDonald was CEO of Index Strategy Advisors from 2010 until 2019, when he founded Hercules, which offers market neutral portfolio management, while specializing in high-growth equity index options for clients. To what extent do multiples deserve to be elevated given ultralow interest rates? 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. 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. McDonald allegedly raised over $5 million and misappropriated funds for personal expenses and Ponzi-like payments. If you or your loved one experienced investment losses, we are here to help. 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. Prominent in independent film, he has also worked in blockbuster films of varying genres, and has accrued a worldwide box office gross of over 1.9 billion USD.He has received various accolades, including a Golden Globe Award, and nominations for two Academy Awards and a BAFTA Award.. Born and raised in Canada, he rose to . He appeared as a financial expert on TV. The actual profits that have been generated and the guidance that has increased are based on a small section of the market. Number 8860726. All rights reserved. Get James McDonald's email address (j*****@post.harvard.edu) and phone number (718848..) at RocketReach. 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. Or before an SEC investigator. The Exchange James McDonald's advice to the next generation Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. South Ozone Park, New York, United States View. Describe the ideal client profile. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. Whats the bear case predicated on? 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 potential for growth is there, but the conditions for growth are not because we are artificially providing income. Our emphasis is on index options investing around the U.S domestic large indexes, specifically, the S&P 500, the Russell 2000, and Nasdaq 100. Market data provided by Factset. We are able to provide uncorrelated growth, meaning our strategies do not depend on equity markets continuing to rise in order to accomplish gains. Today, James not only discusses all things volatility but also explains different risk-related techniques professionals can use to keep clients comfortable with their portfolios in the market.. The SEC's complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021 for the stated purpose of trading securities through an investment vehicle called the Index Strategy Advisors Fund, and that McDonald used less than half those funds for trading and did not engage in any trading with the funds for long stretches of time. Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. NE Atlanta, GA 30326 *by appointment only. Hercules offers qualified clients market neutral portfolio management executed primarily through domestic index options. There are hundreds of companies in the small cap space that dont have the cash to pay their debt. Scott Gamm "There's a disconnect between Main Street and Wall Street, but we had to do it. The ideal client would have a portfolio of stocks that have appreciated with the market and while offering great growth potential is susceptible to a market downturn. Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, Musks Twitter Sells Off Coffee Makers, Neon Logo in Auction Blitz. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. The case status is Pending - Other Pending. Hercules' portfolios are designed to achieve aggressive gains whether markets are rising or falling. With the Super Bowl around the corner, who do you want to win and who do you think will win? Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. Legal Statement. In a parallel action, the United States Attorneys Office for the Central District of California announced criminal charges against McDonald. This field is for validation purposes and should be left unchanged. And so, equity market prices are assuming earnings that arent there. Yes. 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 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 coronavirus relief package to the stock and bond markets. Buckhead Tower, Suite 400 3399 Peachtree Rd. Key stock indexes, which are market cap based, are near record highs. On 11/16/2021 HERCULES INVESTMENTS, LLC filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL. And what were seeing now is bull market enthusiasm and all types of signs of bubbles in asset prices. 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. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network,. Accounting and Auditing Enforcement Releases. Wealth Management is part of the Informa Connect Division of Informa PLC. GESCO is a security company operating in various fields and basing on the principle of physical protection. Data is a real-time snapshot *Data is delayed at least 15 minutes. "In our view, index options are a far more efficient and low- cost way to implement growth strategies for client portfolios compared with using funds or individual stocks. 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? CHICAGO JUDGE DENIES BAIL FOR ILLINOIS WOMAN WHO ALLEGEDLY PUSHED 3-YEAR-OLD NEPHEW INTO LAKE MICHIGAN. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine The SEC filed a civil injunctive action against James Arthur McDonald, Jr. and Hercules Investments, LLC in relation to fraudulent securities offerings. Hercules Investments won a 2020 Wealthies Award for being the top Alternative Asset Manager. Fox News Flash top headlines for September 22. Quotes displayed in real-time or delayed by at least 15 minutes. LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC,. 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. Web page addresses and e-mail addresses turn into links automatically. *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. Its like a freight train that cant come to an exact halt without a crash. I would be thrilled to buy the Washington football team because I grew up in Chevy Chase, Maryland. Volatility itself could be owned through a number of securities. In summary, NFLHX provides direct access to risk hedged growth adding a layer of insurance to a portfolio that has appreciated with the market. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. I think all the equity markets are so overstretched that when a risk element enters the market, the selling will be violent and accelerated. Quotes displayed in real-time or delayed by at least 15 minutes. Sign up for free newsletters and get more CNBC delivered to your inbox. But I think that the market will rebound and potentially finish the year slightly higher. 2023 RIA Intel, an Institutional Investor Publication. All Rights Reserved. The S&P 500 is trading at about 23 times projected forward earnings. Also on Wednesday, the U.S. Securities and Exchange Commission filed a civil complaint charging McDonald and Hercules with violations of federal securities law. PDF Case Plaintiff Defendant - United States Courts Early life James McDonald was born in Wellhead, Morayshire, in north Scotland on September 23 1840. 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. Its clock-striking-midnight dealmaking time at the Justice Department. - The dangers of too much fiscal and monetary stimulus And debt has spiraled over 50% higher to GDP than where we were last year this time. This fund is for qualified investors only. So, I got to root for Tom Brady because any 40-plus football player is one I admire. And we know that this isnt how a strong economy operates. Contact our office today to discuss your case. So, common sense would say, what changed in one year for a 50% premium in a market that most people would agree has been propelled with no monetary policy and stimulus? AssetMark CEO Charles Goldman tells RIA Intel that he is focused on acquisitions, helping advisors, and the long term. Recent filings for HERCULES INVESTMENTS LLC 28 Jun 2019 SI-COMPLETE view 8 Jun 2019 REGISTRATION view The economy is slowly reopening and more vaccines are reaching people. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. The affidavit of service states that the summons and complaint were served on James McDonald by service to Beatriz Lima, "as person in charge of the place of business / authorized to accept service on behalf of Hercules Investments, LLC, a California limited liability company at 1718 18 Harriman Lane, #A, Redondo Beach, CA 90278." [USA Today]. Hercules Investments' James McDonald explains the different risk-related techniques advisors can use to keep clients comfortable with their portfolios. Today, James not only discusses all things volatility but also explains different risk-related techniques professionals can use to keep clients comfortable with their portfolios in the market. 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