Kevin Cook, 21 June 2021

My Marine son made over 300% on his AMC Entertainment (AMC) shares this month that he bought in the teens. And even though he never called himself an “ape” as the kids do, he was following a lot of intel from message boards like Reddit’s WallStreetBets.

It all started when he returned home from a deployment in the Middle East before Thanksgiving. He and his wife were getting more interested in investing options as their savings accumulated. I had already helped him pick some long-term funds a few years prior, but wanted to get them exposed to the cutting-edges of technology in ARK Invest funds like the ARK Innovation ETF (ARKK). Continue reading “Article: AMC FUD Runneth Over: Panic at the Casino!”

Article: SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors

Article - Media, Publications

SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors

Bob Pisani, 20 May 2021

Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’ savings.”

Gensler made his remarks at a Financial Industry Regulatory Authority conference with Robert Cook, president and CEO of FINRA. FINRA is the agency that regulates broker-dealers and exchanges.

As he did in his recent Congressional testimony, Gensler emphasized that enforcement would be a key part of protecting the public.

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09/02/202003/05/2021

Article: Controversial hedge fund billionaire Steven Cohen takes on Hollywood

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Controversial hedge fund billionaire Steven Cohen takes on Hollywood

Billionaire hedge fund manager Steven A. Cohen is known for owning one of the best private art collections in the world and for his many multimillion-dollar homes. However, he is perhaps best known for having been the subject of one of the government’s most high-profile insider trading investigations.

In 2013 Cohen’s once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement.

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05/08/2020

Subject: Robert W. Cook

Subject of Interest

Robert W. Cook is the President and CEO of FINRA, and Chairman of the FINRA Investor Education Foundation. He graduated from Harvard Law School in 1992, a Master of Science in Industrial Relations and Personnel Management from the London School of Economics in 1989, and an A.B. in Social Studies from Harvard College in 1988. From 2010 to 2013, Cook served as the Director of the Division of Trading and Markets of the U.S. Securities and Exchange Commission (SEC).

Biography

FINRA

10/09/201005/20/2020

Article: Whistle. Then Worry and Wait.

Article - Media

Whistle. Then Worry and Wait.

Edward Wyatt

New York Times, 9 October 2010

Sitting in a Minneapolis mansion and listening to a charismatic investment manager describe a currency trading system that kept earning handsome returns year after year, Arthur F. Schlobohm IV was certain he had stumbled onto a Ponzi scheme.

A longtime trader who started running tickets on the floor of the New York Stock Exchange as a teenager, Mr. Schlobohm, known as Ty, knew that Minneapolis, his home for nine years, was too small a town for a $4.4 billion investment fund to have escaped his notice.

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05/14/200805/20/2020

Article: The Secret Bailout of J. P. Morgan: How Insider Trading Looted Bear Stearns and the American Taxpayer

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The Secret Bailout of J. P. Morgan: How Insider Trading Looted Bear Stearns and the American Taxpayer

Ellen Brown

Global Research, 14 May 2008

The mother of all insider trades was pulled off in 1815, when London financier Nathan Rothschild led British investors to believe that the Duke of Wellington had lost to Napoleon at the Battle of Waterloo. In a matter of hours, British government bond prices plummeted. Rothschild, who had advance information, then swiftly bought up the entire market in government bonds, acquiring a dominant holding in England’s debt for pennies on the pound. Over the course of the nineteenth century, N. M. Rothschild would become the biggest bank in the world, and the five brothers would come to control most of the foreign-loan business of Europe. “Let me issue and control a nation’s money,” Rothschild boasted in 1838, “and I care not who writes its laws.”

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