So does a good prostitute. What do they both have in common? If you hire either you are fucked. Knowing the pussy SEC she will have to give back all the fees (which she will conveniently not have anymore), be barred from running a fund again and have any license pulled. Then she can start over doing the same thing.
You've been a Karen disciple since the beginning and even now can't come to grips with the fact that other people were ahead of the curve on her performance. Just stick with your original assessment of her and keep on rolling out. Should work well.
Stop crying. I don't have a problem criticizing her. But I also like to understand things. 2014 itself shouldn't have caused such a loss, volatility was bigger before and after. So what gives? If you can discuss it intelligently, good, if not, then go and do something more useful... Also just before others come with the same whine, I like to play advocatus diaboli. So instead of getting into the circlejerk against her, my curiosity wants to understand what really happened... From now on crybabies will get on my ignore without warning, so don't expect a response...
We have said it b4 she is clueless in trading and she would suffer major losses one day or another , apprently she is a fraud as well . c'est la vie .
Unfortunately, regarding the supertrader, you look like the crybaby. No response required or requested. Move on.
I'm sure the Tastytrade folks that trotted her out onto YouTube as a "Supertrader" will love being on TV talking about this (unless they will be somehow getting in trouble with SEC themselves regarding this situation.)
Of course they removed the videos.....because it is embarrassing to them, and they look quite foolish the way they were in awe of her. They should keep the videos and post captions on the screen saying "we were suckers to believe in her BS....shame on us" Maybe post all kinds of comedy captions on the screen about how Tom and company fell in love with her BS. LOL
Agreed, the SEC isn't likely going to forward the case to the U.S. Attorney for criminal prosecution. Other than permanently barring her from further securities violations, The SEC is asking for relief through monetary penalties. (See complaint at page 32 and 33). "Order Defendants and the Relief Defendant to disgorge all ill-gotten gains in the form of any benefits of any kind derived from the illegal conduct alleged in this Complaint, plus prejudgment interest; Order Defendants to pay civil penalties, pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)], Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)], and Section 209(e)of the Advisers Act [15 U.S.C. §80b-9(e)] in an amount to be determined by the Court." It's almost certain that they will dip into the $10 million of assets from the Hope Charity Foundation to pay off the fines/penalties, since those funds were derived from the incentive fees, which the SEC is now labeling as "ill gotten gains." That doesn't mean she gives up everything, only the amount of fees she collected from the onset of the "Scheme Trades" in 2014. Her funds started in 2008 and 2011, respectively, so it's likely she already made her millions in performance based incentive fees.
And if she won't be allowed to trade again, then she can always start a $29.95 a month real-time alert service, and post #timestamps on twitter.
Enron defense: "I am stupid, not a criminal." Incompetence in America is not a sin... Were the scheme trades immoral? Yes. Were they illegal though? We shall see... ------------------- ^ That sounds like a Hillary defense. She said something similar about her emails and router. --------------------------------------------- Son, I did read the links, thus I am more familiar with the case than you. Don't hate the messenger because the system is corrupt, all I am saying... Also, when you have money you can buy a good lawyer. Good lawyers get you off. ----- ^ Especially when you run a Ponzi scheme and use other people's money to pay for it.