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Instead, the SEC alleges, McDonald 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. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine McDonald allegedly raised over $5 million and misappropriated funds for personal expenses and Ponzi-like payments. Lets wrap up with football. Now he's wanted on fraud charges. The Sonn Law Group is currently investigating allegations surrounding James Arthur McDonald, Jr. or Hercules Investments, LLC. 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, a los angeles-based registered investment advisor.hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. CHICAGO JUDGE DENIES BAIL FOR ILLINOIS WOMAN WHO ALLEGEDLY PUSHED 3-YEAR-OLD NEPHEW INTO LAKE MICHIGAN. Or, you know, anywhere, really. To send us an e-mail, simply complete and submit the online form below. Legal Statement. And while recognizing that each investors needs are distinct, on balance what percentage of a portfolio should this comprise? The SEC further alleges that, from February 2021 to October 2021, McDonald raised $1.5 million through the sale of equity investments in Herculess business. GESCO is a security company operating in various fields and basing on the principle of physical protection. We had to save the economy from going off the cliff with us not being able to operate as normal," McDonald said. Get James McDonald's email address (j*****@post.harvard.edu) and phone number (718848..) at RocketReach. Hercules' portfolios are designed to achieve aggressive gains whether markets are rising or falling. This site contains attorney advertising. "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. Hi, James. Charles Canter will lead the litigation. Contact me online or call anytime at 844-689-5754 SEC Charges James Arthur McDonald, Jr. and His SEC-Registered Investment Adviser Firm, Hercules Investments, LLC with Offering Fraudulent Securities Sonn Law Staff Oct 05, 2022 Posted in Investment Loss Investigations # James Arthur McDonald Jr. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. Im a football player disguised as a portfolio manager. scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. Today, his ambition is to own a NFL team. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. Its two and 20 (fee arrangement) ensures that our portfolio management is in alignment with the profit objectives of the client. Prior to ISA he was Director of Strategic Initiatives for the $12 billion AUM Compass BBVA Wealth Management Group where he led the design and execution of brokerage, trust, and insurance strategies serving high net worth and ultra-high net worth clients. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. And so, we had that crash and then the desire and the interest in moving back forward. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. How does it factor into your life? 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, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. How Hercules Investments capitalizes on systematic volatility; The companys risk-hedging technique designed to help financial advisors and clients; How James McDonalds firm helps financial advisors grow their prospects; Hercules Investments ideal client as those who got aggressive growth goals; Allowed HTML tags: . The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. Mutual Fund and ETF data provided by Refinitiv Lipper. Now he's wanted on fraud charges. I think we will retest the previous lows of last March before buying comes back in. 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. The equity markets have behaved puzzlingly well in 2020 with the backdrop of a global pandemic and lots of uncertainty around the evolution of the coronavirus and its impact on small businesses, households, and way of life. from 8 AM - 9 PM ET. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based on his wrong prediction that the stock market would drop because of the COVID-19 pandemic and the results of the U.S. presidential election, the U.S. attorney's office said. Fair question. I think all the equity markets are so overstretched that when a risk element enters the market, the selling will be violent and accelerated. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. 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? McDonald also allegedly raised over $3.5 million for securities trades through the Index Strategy Advisors Fund and misappropriated half of the funds for personal expenses. With interest rates so low, what do you make of the TINA argument, which asserts there is no alternative to stocks? The bear case is that the effects of the shutdowns havent fully been realized yet. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. Because in addition to unemployed, he can also now call himself whistleblower.. 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, a Los Angeles-based Registered Investment Advisor.Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. Now, there are a handful of companies that have flourished in the Covid era, but its a handful of companies. This inflation will cause interest rates to rise in the medium term or long term and the necessary pullback in the markets will be a result of investors taking risk off the table. Its like a freight train that cant come to an exact halt without a crash. Lets call it artificial income and artificial credit for small businesses that are keeping the economy alive. And so, this is artificial. Questions? I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. McDonald, who graduated from Harvard University with an economics degree, expects the Dow will tumble more than 50% to 15,000, a prediction he has made several times since March 2020, before surging to new highs this year. Subscribe to RIA Intels thrice-weekly newsletter and follow the publication on Twitter and LinkedIn. GESCO is a security company operating in various fields and basing on the principle of physical protection. With this risk in the market, many individual investors have to count on either continued paid stimulus or continued paychecks and loans for small business relief. Describe the ideal client profile. Volatility itself could be owned through a number of securities. According to the complaint, McDonald falsely represented that investor funds would be used to expand Hercules's business, lied about the firm's financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. When facing allegations such as these, its best not to be seen on TV. In 2005 he purchased the Houston Wolverines (the Texas Wolverines today), a semi-pro football team, and played for 13 years. We are partnering with Nasdaq to put Nasdaq 100 Volatility Index (VOLQ) into our portfolio in a way where investors who have realized great gains from tech can rest assured knowing that in the event of a potential market downturn, our fund will be able to sustain the impact of a declining market and should provide upside. When typing in this field, a list of search results will appear and be automatically updated as you type. I think we will have another risk event that pulls the market down. Quant Research-Driven Investment Strategies For Investors Seeking Active Portfolio Management. 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. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Our ability to monetize volatility is exceptional as evidenced by our winning WealthManagement.coms 2020 Wealthies Award as top Alternative Asset Manager. The breadth of risk is extremely wide. Buckhead Tower, Suite 400 3399 Peachtree Rd. In this episode, David Armstrong, editor-in-chief at WealthManagement.com, talks to Hercules Investments James McDonald. McDonald graduated from Harvard University with a Bachelors degree in Economics. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. Number 8860726. Hercules Investments provides a growth option for investors who need gains and growth, but we offer an element of downside risk protection because equity markets are disconnected from what we know is GDP contraction, debt, and all the uncertainty that comes along with a mutating virus. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. It takes time to get back up, but we have had renewed waves of lockdowns in the fall and layoffs. 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. We are able to provide uncorrelated growth, meaning our strategies do not depend on equity markets continuing to rise in order to accomplish gains. Recent filings for HERCULES INVESTMENTS LLC 28 Jun 2019 SI-COMPLETE view 8 Jun 2019 REGISTRATION view To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. Got a confidential news tip? The SEC further alleges that, from February 2021 to October 2021, McDonald raised $1.5 million through the sale of equity investments in Hercules's business. "There's a disconnect between Main Street and Wall Street, but we had to do it. Below are excerpts from our Jan. 28 discussion, edited for length and clarity. Hercules Investments' James McDonald explains the different risk-related techniques advisors can use to keep clients comfortable with their portfolios. [USA Today]. McDonald falsely represented that investor funds would be used to expand Herculess business, lied about the firms financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. South Ozone Park, New York, United States View. The SEC filed a civil injunctive action against James Arthur McDonald, Jr. and Hercules Investments, LLC in relation to fraudulent securities offerings. The case status is Pending - Other Pending. Tune in to discover different ways that Hercules Investments can provide you with overlay strategies while giving you market volatility protection! or redistributed. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. (Jun 1986 - Sep 2016) 101 Royal Park Dr. Oakland Park, FL 33309. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Vaccinating the public will not happen as quickly as most expect.