Sunday, 29 March 2015
Last updated 1 day ago
Jun 22 2011 | 5:58pm ET
The National Futures Association has taken an emergency enforcement action against two North Carolina-based CTAs - D2W Capital Management and Prestige Capital Advisors - and Prestige principal Toby Hunter.
In a statement released Wednesday, the NFA said an examination of D2W and Prestige revealed the companies and Hunter had “misled customers regarding the value of their investments, continue to solicit potential customers with false and misleading performance information and have not provided D2W's customers with an NFA-approved disclosure document.”
The regulator says D2W, Prestige and Hunter have been unable to provide it with current books and records supporting the “current value or location of their purported assets and client funds, and have also misled NFA throughout its investigation of the firms.”
As a result, D2W, Prestige and Hunter have been forbidden from “soliciting or accepting funds from customers or investors, soliciting investments for any managed accounts, pools or other investment vehicles, or placing any trades.” The firms and the principal are also banned from disbursing or transferring any funds of “customers, investors or pools over which they exercise control, or participants in any such pools, without prior approval from NFA.”
D2W Capital Management (Radical Wealth) was ranked among the top-performing CTAs for the year ending in March 2011 by BarclayHedge.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…