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KCM Sanctioned for Willful Violations – A Timeline

Kornitzer Capital Management (KCM) and its CEO, John Kornitzer, were sanctioned by the SEC on Dec 10 for failing to reduce high concentrations in securities of a single company held by four funds managed by KCM. The following timeline illustrates the severity of the mismanagement: John Kornitzer, portfolio manager at the time for [...]

2019-12-11T16:07:34-06:00December 11th, 2019|Investment Losses, KCM - Kornitzer Capital Management|

SEC Censures and Fines Kornitzer Capital Management

On December 10, Kansas-based Kornitzer Capital Management (KCM) and its CEO, John Kornitzer, were sanctioned by the SEC for “repeated failures to follow client instructions to reduce high concentrations in securities of a single company”. According to the SEC and investor complaints, KCM, directed by John Kornitzer, invested heavily in Lions Gate Entertainment, starting [...]

2019-12-11T15:05:13-06:00December 10th, 2019|Investment Losses, KCM - Kornitzer Capital Management|

GPB Managing Director and CCO Indicted for Obstruction of Justice

More evidence of corruption at GPB Capital Holdings stacks up as its Managing Director and CCO is indicted. According to the indictment, when MICHAEL S. COHN left his position at the SEC to take a job with GPB, he allegedly stole sensitive and confidential information about investigations and brought that information into his new company. [...]

2021-02-11T13:26:07-06:00November 9th, 2019|GPB Capital, Investment Losses, News|

GPB Capital Faces Scrutiny, Accusations

Investors who purchased private placement funds from GPB Capital paid high commissions to brokers and have suffered significant losses. GPB is facing multiple investigations by the SEC, FBI, and state agencies. GPB describes itself as an “alternative asset management company focusing on acquiring income-producing private companies.” It offers funds in several industries, including the [...]

2019-09-12T16:05:19-05:00September 12th, 2019|GPB Capital, Investment Losses|

UBS Group Faces YES Client Complaints After Significant Losses

The Wall Street Journal [1] has reported that USB Group is facing multiple customer complaints for a risky investment program that suffered significant losses in 2018. According to the complaints, UBS brokers began targeting wealthy investors in 2015 to be introduced to the Yield Enhancement Strategy, or YES, program. The complex strategy involved buying [...]

2019-09-05T13:01:24-05:00September 5th, 2019|Investment Losses, News|

What to Research When Selecting a Financial Advisor

When you engage a financial advisor, you are entering a partnership that can affect your financial health for a very long time. Knowing exactly what your advisor does and who they really work for is crucial to protect yourself from risk and fraud. What Type of Advisor Are They? The term “advisor” covers a [...]

2019-09-02T16:49:24-05:00September 2nd, 2019|Investment Losses|

Problems Found With CFP Board of Standards Website Directory

August 2, 2019 Investors seeking the advice of a Certified Financial Planner will likely turn to the Certified Financial Planner Board of Standards Inc. as a source. To become a Certified Financial Planner, an advisor must complete a rigorous course of examinations, log 6000 hours of experience, and pass the Board’s conduct Fitness Standards. [...]

2019-09-05T13:04:42-05:00August 2nd, 2019|Investment Losses, News|

Praise for Allstate, Blue Cross Blue Shield

Representing injured people against insurance companies, I usually don’t have much nice to say about the insurance industry. So this post is a rarity: a post in which I praise not one, but two insurance companies. Two days ago, Allstate Insurance did the right thing and protected someone who bought their insurance. This driver was [...]

2021-04-16T17:52:03-05:00February 3rd, 2017|Injuries, Insurance Disputes|

Historic Lows in Oil Prices Cause Investors’ Woe

 The oil and gas industry has been hit hard by low prices over the past few years. Oil prices hit historic lows this year and even though prices have rebounded a little, at $50 per barrel oil is still just half of what it was three years ago.[1] According to the Wall Street Journal, about [...]

2016-12-06T09:55:40-06:00November 16th, 2016|Investment Losses|
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