Today is Sunday, October 26, 2014

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Eamon Javers, CNBC’s Washington Correspondent Eamon Javers, CNBC’s Washington Correspondent

CNBC’s Washington Correspondent Eamon Javers spoke with the Opportunist’s Managing Editor Leslie Stone about his career, reporting on the secret world of corporate espionage and his appearance on “The Daily Show” with Jon Stewart. Eamon Javers says he was born to be a journalist. “I never imagined myself doing anything else. The power of the written word, media and government has always fascinated me. I never even made a conscious choice. My dad was a reporter before me, and I was a reporter ... Read More

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Security Series-Finders 101 Security Series-Finders 101

Finders 101 Companies seeking capital are frequently approached by finders who offer to locate investors in exchange for a fee. Most finders are not registered as broker-dealers with the Securities and Exchange Commission (the “SEC”). The possibility of receiving capital even through the efforts of a finder creates a tempting opportunity for a company in need of capital. Matching companies with investors can be a lucrative proposition for the finder. While it may seem harmless enough, ... Read More

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Options Writer Series— How Little Will You Pay For General Electric? Options Writer Series— How Little Will You Pay For General Electric?

By Warren Kaplan The Stock Option Writer © Warren Kaplan 2011 September 20, 2011 The lowest price GE has traded in the last 52 weeks is $14.82. This strategy is to be as reasonably safe as possible, but obtain an outstanding gain. What we want to do is to write a put on GE at $14 and to receive a premium that lowers our potential cost yet gives us a great return on our capital. GE closed at $15.09 on Sept. 9 and the opening ... Read More

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Securities and Exchange Commission v. John A. Grant, Sage Advisory Group, LLC and Benjamin Lee Grant Securities and Exchange Commission v. John A. Grant, Sage Advisory Group, LLC and Benjamin Lee Grant

SEC CHARGES MASSACHUSETTS-BASED ATTORNEY FOR VIOLATING AN INVESTMENT ADVISER BAR AND HIS SON FOR FAILING TO DISCLOSE HIS FATHER’S BAR TO ADVISORY CLIENTS The Securities and Exchange Commission announced that it filed a civil injunctive action today in federal district court in Massachusetts against John A. “Jack” Grant (“Jack Grant”), Sage Advisory Group, LLC, a Massachusetts-based investment adviser registered with the Commission, and its sole principal, owner, and employee, Benjamin Lee Grant (“Lee Grant”). The Commission’s complaint alleges that Jack Grant, ... Read More

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Securities and Exchange Commission v. Michael Strauss, Stephen Hozie and Robert Bernstein Securities and Exchange Commission v. Michael Strauss, Stephen Hozie and Robert Bernstein

Securities and Exchange Commission v. Michael Strauss, Stephen Hozie and Robert Bernstein, Civil Action No. 09-cv-4150 (S.D.N.Y. April 28, 2009) On March 8, 2011 the Court entered an order (the “Order”) sought by the Commission authorizing the establishment of a Fair Fund comprised of approximately $1.6 million dollars in disgorgement, post judgment interest and penalties paid by defendants Michael Strauss and Stephen Hozie. The Order provided that the Fair Fund would be distributed, net of a reserve for taxes, fees and ... Read More

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Option Writer Series—Buy – Write… by Warren Kaplan Option Writer Series—Buy – Write… by Warren Kaplan

This is another conservative maneuver and is best used when you are willing to buy a stock at a lower price than the current price. First you have to decide on the stock. Personally, I like Campbell Soup (CPB). It currently pays $1.16 a year for a yield of 3.74%. However, I do not want to pay more than $29 so that my current yield would be 4.00%. If the order is entered as a buy/write at $28.80, the following happens. ... Read More

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Securities and Exchange Commission v. Evolution Capital Advisors Securities and Exchange Commission v. Evolution Capital Advisors

SEC Charges New York Businessman and Two Houston-area Firms with Conducting a Fraudulent $10 Million Note Offering On August 10, 2011, the Securities and Exchange Commission ("Commission") filed suit in the United States District Court for the Southern District of Texas against Damian Omar Valdez of New York and two Houston-area firms he controlled, Evolution Capital Advisors ("Evolution Capital") and Evolution Investment Group I ("EIGI"). Evolution Capital was an investment adviser registered with the Commission until June 2010. The firms and ... Read More

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SEC Litigation Update–SEC v. Charles C. Slowey, Jr. SEC Litigation Update–SEC v. Charles C. Slowey, Jr.

COURT ENTERS FINAL JUDGMENT AGAINST DEFENDANT GLENN R. HARRIS The Securities and Exchange Commission announced that on July 12, 2011, the Honorable Leonard D. Wexler of the United States District Court for the Eastern District of New York entered a final judgment on consent against Defendant Glenn R. Harris, a former registered representative of Advanced Planning Securities, Inc., a former registered broker-dealer. The judgment (i) permanently enjoins Harris from violating Section 5 of the Securities Act of 1933 and (ii) finds ... Read More

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SEC Litigation Update–SEC V. Carl E. Binette and Peter E. Talbot SEC Litigation Update–SEC V. Carl E. Binette and Peter E. Talbot

U.S. Securities and Exchange Commission UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS ENTERED AMENDED FINAL JUDGMENT OF DISGORGEMENT, PREJUDGMENT INTEREST, AND CIVIL PENALTIES AGAINST DEFENDANTS CARL E. BINETTE AND PETER E. TALBOT. The Securities and Exchange Commission announced on July 5, 2011, that the United States District Court for the District of Massachusetts, upon motion by the Commission, entered an amended final judgment against the defendants Carl E. Binette and Peter E. Talbot finding them jointly and severally liable for ... Read More

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Investor Complaints — What the SEC Wants You To Know Investor Complaints — What the SEC Wants You To Know

Financial firms “must be vigilant in accurately describing the risks of the products they sell….” — Robert Khuzami, SEC Enforcement Chief In January, 2011, three years after its supposedly safe YieldPlus bond fund plunged in value, Charles Schwab Corp. agreed to pay $119 million to settle a government lawsuit accusing it of “misleading investors about the risks." Schwab aggressively marketed its YieldPlus bond fund to retail clients as conservative, but the fund began sinking in early 2008 when its concentration of mortgage ... Read More

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