Sunday, 29 March 2015
Last updated 2 days ago
Jun 9 2008 | 11:28am ET
The National Futures Association has taken an emergency enforcement action against Progressive Investment Funds, a commodity pool operator located in Glenrock, N.J., and its sole principal, Victor Cilli.
Cilli is prohibited from soliciting or accepting any funds from investors in the Progressive Managed Futures Fund and placing trades on behalf of the fund, except to liquidate existing positions. Additionally, he is prohibited from disbursing or transferring any funds of customers, participants or investors in the fund or repaying any loans from any accounts without prior NFA approval.
The NFA said its actions were necessary to protect investors in the fund because Cilli has failed to cooperate with an NFA investigation, instigated by a complaint from a Progressive investor who claimed to be unable to redeem interest in the pool.
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…