Saturday, 28 March 2015
Last updated 15 hours ago
Jun 30 2006 | 6:18pm ET
Seven current and former National Football League players, who were allegedly defrauded out of a total of $20 million by hedge fund manager Kirk Wright and his now defunct International Management Associates, are going after the association that "approved" him as an investment advisor.
This week, the players filed suit in an Atlanta court alleging that the NFL Players Association, which runs a program that vets financial professionals and provides its members with a "safe list" of financial advisors and money managers, did not conduct sufficient background checks on Wright.
Numerous calls to the NFLPA were not returned, however, in an in-depth interview in March with the then director of the program, Ron George told FINalternatives, "Mr. Wright had passed all of the screens: He passed a criminal background check, he had insurance, he didn't have a history of regulatory discipline."
George is no longer with the NFLPA and a new director has not yet been chosen.
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…