Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
President Trump Urged to Create DoD-DoJ Task Force on Financial Crime
In combination, NSA data and DTCC discovery will end both naked short selling and money laundering associated with human trafficking as well as trafficking in drugs and weapons.
Continue reading “Release: President Trump Urged to Create DoD-DoJ Task Force on Financial Crime”
Burford Loses Bid For LSE Trader Info In Short-Selling Attack
Richard Crump, Ed Harris
Law360, 15 May 2020
Burford Capital has failed to win a court order to force the London Stock Exchange to hand over the names of traders that dealt in its shares. (iStock)
Judge Andrew Baker has refused to grant an application by Burford Capital Ltd. for a court order to force the exchange to hand over the names of traders that bought and sold the funder’s shares on Aug. 6 and 7, 2019.
Burford Capital loses fight to force London Stock Exchange to hand over confidential trading data
Global Legal Post, 15 May 2020
Litigation funder Burford Capital has conceded defeat in an unprecedented battle with the London Stock Exchange (LSE) after the High Court rejected its application for the LSE to hand over confidential trading information.
Burford was seeking the identities of market participants trading in its shares in a bid to prove that its share price had been illegally manipulated during a sell-off that occurred after a heavily critical research report by hedge fund Muddy Waters last August.
ZeroHedge, 15 May 2020
Airlines aren’t the only sector that Warren Buffett notoriously dumped in April, ahead of the Berkshire Hathaway annual meeting.
According to the just filed Berkshire 13F, in the first quarter when the conglomerate’s equity holdings took a record hit of $66.5 billion, as the value of Berkshire’s disclosed equity positions tumbled from $242BN as of Dec 31, to $175.5BN on March 31, Buffett also sold the bulk, or 84%, of his Goldman Sachs stake – formerly a top 20 position for Berkshire – selling 10 million shares of what at Dec 31 was a 12 million position, while trimming 3% of his stake in JPMorgan (from 59.5MM to 57.7MM shares).
Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds
Heather Vogell
ProPublica, 15 May 2020
Securities that contain loans for properties like hotels and office buildings have inflated profits, the whistleblower claims. As the pandemic hammers the economy, that could increase the chances of another mortgage collapse.
Burford abandons market manipulation claim
Gazette reporter, 15 May 2020
Burford Capital has abandoned a legal bid to prove its share price was illegally manipulated after being denied access to market information.
The embattled litigation funder said it does not intend to appeal a High Court ruling refusing an application to compel the London Stock Exchange to release trading data.
Burford has made a concerted effort to pursue claims for market manipulation following an August 2019 short attack against its shares. The Guernsey-registered and New York-based business came under assault when a US shareholder activist, Muddy Waters, published an apparently damning analysis. Muddy Waters claimed Burford was ‘arguably insolvent’ and described its governance as ‘laughter-inducing’, allegations which were strenuously denied by Burford. Muddy Waters renewed its attack on Burford earlier this week, accusing it of over-stating profits. Continue reading “Article: Burford abandons market manipulation claim”
Burford Loses ‘Market Manipulation’ Claim Against London Stock Exchange
Krishnan Nair, 15 May 2020
Burford Capital has failed in its claim against the London Stock Exchange (LSE) that it had been the victim of market manipulation, after its share price plummeted last year.
Last August, the litigation funder’s share price tumbled following what the firm referred to as a “short-selling attack” by U.S. research firm Muddy Waters. More than $1.2 billion was wiped off Burford’s value, with shares dropping as low as 64%.
Andy Sieg is the President of Merrill Lynch Wealth Management (MLWM) and a member of Bank of America’s executive management team. As head of MLWM, he oversees approximately 25,000 employees – including more than 14,700 financial advisors – who provide investment and wealth management strategies to individuals and businesses across the U.S. From 2005 to 2009, he led the Emerging Affluent Client Segment within Citigroup Global Wealth Management. In 2009, after Merrill’s acquisition by Bank of America, Sieg returned to Merrill. Earlier in his career, Sieg served in the White House as an aide to the assistant to the president for Economic and Domestic Policy. In 2015, he participated in the White House Conference on Aging. Sieg earned a Bachelor of Science in economics from Penn State University, and serves on the external advisory board of its Schreyer Honors College. He also holds a master’s in public policy from the Harvard Kennedy School, where he serves on the Dean’s Council.
Merrill Edge aka “MLPF&S” or “Merrill”
Matt Gellene is the Head of Financial Center Merrill Edge & National Performance Executive. He also serves as the National Sales Performance Executive. Previously, Gellene held sales executive roles at Fleet Financial Group, Bank of America’s Premier Banking and Investments team and Banc of America Investment Services, Inc. Gellene received a Bachelor of Business Administration from The George Washington University and a Masters of Business Administration from the University of California, Berkeley, Haas School of Business.Merrill Edge aka “MLPF&S” or “Merrill”
Tracy Mazzoni is the Head of Merrill Edge Client Management. Mazzoni leads Merrill Edge Client Management (MECM) and the centralized Financial Solutions Advisors (FSAs). Prior to joining Merrill Edge, Mazzoni has held various sales, service and talent development roles during her career within Merrill Lynch Wealth Management including PMD Manager and Sales Manager for the South Atlantic division, Financial Advisor and Registered Client Associate. She graduated from the University of Virginia with degrees in Economics and International Relations.Merrill Edge aka “MLPF&S” or “Merrill”
Forrest Skriletz is the Head of Merrill Edge Business Planning & Operations.Skriletz leads the Merrill Edge Business Planning & Operations team. In this role, Forrest is responsible for Merrill Edge strategic initiatives, business planning and optimization efforts. Skriletz began his career at Merrill Lynch in 2001 when he joined the Merrill Lynch as an Investor Services Advisor. He has held a variety of roles including business analyst, project manager and business development manager responsible for client acquisition strategy and program development for the Merrill Edge Advisory Center. Most recently, he led the Merrill Edge Client Management organization. Forrest holds Series 7, 9, 10 and 66 FINRA registrations.
Merrill Edge aka “MLPF&S” or “Merrill”
Deb A. Ruick is the Head of Merrill Edge Client Services. She leads the Merrill Edge Client Services division with a focus on primarily serving as a primary point of contact for all Merrill Edge clients and assisting with trading, investing and account information. Ruick also has responsibility for the Merrill Edge talent management, recruiting, diversity and development efforts. Ruick previously worked at E*TRADE and Fidelity Investments. She has a BS in Finance from Weber State University. She holds Series 6, 7, 24, 8 and 63 FINRA registrations.Merrill Edge aka “MLPF&S” or “Merrill”
Teron Douglas is the Head of Merrill Edge Digital Capabilities and leads the team responsible for the Merrill Edge digital channels and investing capabilities. Douglas joined Merrill Edge from E*TRADE in 2015, where he was Senior Vice President and COO of Investor services. Douglas began his career at Wells Fargo, where he worked in mortgage underwriting supporting their early digitization efforts. He has a BS in Economics and an MBA from the University of Wyoming. He holds Series 4, 7, 24, 63 and 65 FINRA registrations.Merrill Edge aka “MLPF&S” or “Merrill”
Rob DeJesus is the Head of Merrill Edge Sales & GWIM Integration and is responsible for Merrill Edge’s online investing and trading platform, self-directed sales and relationship management. DeJesus joined Merrill Edge from Citi in 2011, where he spent five years and was director of the National Investment Center. Prior to joining Citi, Rob spent 12 years at TD Ameritrade, where he held positions across sales, service, operations, risk, and strategic initiatives. Rob holds Series 7, 63, 65, 24, 9 and 10 FINRA registrations.
David Poole is the Consumer Investments Solutions & Client Services Executive and leads the Consumer Investments Solutions & Client Services team in Bank of America Corporation’s Merrill division. Prior to joining Bank of America in 2013, he held various senior leadership roles across sales and service at E*Trade over a 14 year period. His most recent role at E*Trade was Vice President of Customer Service. Poole holds an MBA degree from University of Georgia as well as a Bachelor of Social Sciences degree. He received a Certificate of Financial Planning from Florida State University and holds Series 7, 63, 24, and 4 FINRA registrations.
Merrill Edge aka “MLPF&S” or “Merrill”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
