Winners of the arbitration awards have had to endure, Sands Brothers & Co. filing for an appeal. This has caused a delay in the winners of the settlement to receive their funds. In addition to filing appeals Sands Brother & Co have filed a broker-dealer withdrawal form with the NASD. In the event that they are removed from the NASD, winners of the arbitration rewards may not ever see a dime of the settlement amount. This is due to NASD rules. With Sands Brother & Co. removed from the NASD, then the NASD will not be able to force the company to pay their settlement amounts.

Laidlaw & Company along with Matthew Eitner and James Ahern (directors of the company) have been accused of being a scapegoat for Sands Brothers & Co. Previously, cases have been won again Sands Brothers & Co. One of these cases includes an award in the amount of $261,000. According to reports Sands Brothers & Co. have been trying to convince the Oklahoma City attorney that won the arbitration award for the doctor to take a lower settlement amount. The lower amount has been refused and as a result those that have been awarded a settlement fear that they will not see the funds that were awarded to them.

Relmada Therapeutics Files Amended Complaint Against Laidlaw and Its Principals, Matthew Eitner and James Ahern

In addition to being removed from the NASD, some believe that Sands Brothers & Co. are now currently working under the London firm, Laidlaw & Co. If this is true, this move by Sands Brothers & Co. goes against the NASD rules, which states that a brokerage firm must seek approval in the event that they transfer 25% of more of its assists to another firm.

Steven and Martin Sands (directors associated with Sands Brothers & Co.) are also listed as investment advisors and directors at LaidLaw along with other Sands Brother & Co. staff. Though the Sands brothers and other members of the Sands Brother & Co. Staff are associated with LaidLaw, they state that the company was not created as a scapegoat for Sands Brothers & Co. LaidLaw has been in business for a couple of years and has its own full staff.

Is George Soros Right To Be Bearish In 2016 Like He Was In 2008?

At 85 years of age billionaire investor, political bon vivant, hedge fund manager, author, and philanthropist, George Soros came out of retirement again to take an active position in investing. Soros had not been an active trader for himself or for the more than $30 billion that his Soros Fund Management LLC since 1992 although representatives that manage his fund claim he has been more of a force than is commonly known.

In 2008 Soros made money for the people that invested in his hedge fund by going against most authorities and analyst’s predictions for the future. George Soros took a position that leveraged political and economic conditions to his advantage. Investments in gold and betting against the value of the British pound made a big score for Soros.

Soros’ most recent position and his renewed involvement in directing trades for his company are again based on Soros’ anticipation of political changes that will impact market conditions. He is basically betting that he can predict the future with a relative certainty that is believable considering his past successes.

Soros bought gold and stock in gold miners. This position means that he anticipates gold to increase in value as currencies decline in value. There are several present indicators that this position is not only safe but will produce a high return at least in the near future.

China is losing momentum as the new economic star of the world. Growth has stalled in part due to better than possible expectation from the Chinese government. The yuan continues to fall versus other currencies. The Chinese government has not only loosened restrictions on stock trading but reduced prices on goods to improve their position.

Read more:
George Soros just made big bearish bets? Everybody panic… and then consider buying

A Bearish George Soros Is Trading Again

China’s poor performance has led to lower rates of foreign investment and forced China to sell over 30 percent of the United States paper that it held at a loss. China may be experiencing a mini-depression that government action will not correct in the short term or five years.

Britain’s waffling about exiting the European Union is another reason Soros has gone to metal. The recent murder of one of Britain’s most staunch advocates for exiting the EU has put any decision on hold indefinitely. The value of the pound went down showing that Soros had indeed seen what was coming.

Another of the major concerns that Soros has is the huge number of refugees from wars in the Middle East, Africa, Iraq, and Iran. The continued strife means no business. The welcoming of refugees by some governments may place an excessive tax burden on business and consumers for at least ten years.

The most recent reports on the United States economy show that the U. S. is no where near as strong as the government would like to claim in preparation for the upcoming election. Unemployment and lack of spending are the chief concerns. More troubling to Soros is the potential for a Republican win by Trump. Soros sees Trump as a potentially economic destabilizing factor.

Based on his past record, Soros is most likely going to reap large benefits due to his new direct involvement in the investment strategy of his hedge fund. The U. S. condition may be settled in November but the world conditions that told Soros to buy gold are years away from resolution.

Learn more about George Soros:


http://www.npr.org/sections/thetwo-way/2016/06/09/481378339/billionaire-investor-george-soros-sees-economic-trouble-ahead

http://www.businessinsider.com/george-soros-trading-again-2016-6

Doug Levitt and the Poignant “The Greyhound Diaries”

“The Greyhound Diaries” is a project by Doug Levitt. Levitt is a singer-songwriter who is native to Washington, D.C. in the United States. He was born there in 1972. Levitt writes and performs music in the pop, Americana and folk-rock genres. The Greyhound Diaries was a project that took eight full years for Levitt to complete. Levitt started penning stories and tunes about people who took the Greyhound bus in 2004. It wasn’t uncommon for Levitt to notice people who seemed to be in the middle of difficult times. His observation of Greyhound bus travelers came to a close in late 2012. The musician had traveled 80,000 miles via Greyhound buses by that time. Levitt’s poignant project has had mentions from many extremely well-known media outlets and publications in the United States. These include Reuters, MSNBC, CNN, Billboard, The Wall Street Journal and Fox News. The Greyhound Diaries was an extremely productive effort. Levitt created a web series that was inspired by his project. The project also inspired a program and two full EP (extended player) albums.

Doug Levitt wasn’t always a traveling musician. Before he started the Greyhound Diaries, he served as a foreign correspondent. He resided in London, England at that time and covered many news stories from faraway locales including Bosnia, Rwanda and Iran. He worked for television networks such as NBC and ABC.

Levitt’s mother is Carol Schwartz, a politician who was born in Greenville, Mississippi on January 20th in 1944. His father is David Schwartz. When Levitt was growing up, he went to schools that were part of the area’s public school system. He is a Woodrow Wilson High School alumnus. This secondary school is in the heart of the American capital city. Levitt later went on to get his education at the Ivy League institution of Cornell University in Ithaca, New York. After that, he went to the London School of Economics in the United Kingdom. He completed an International Relations masters degree at the prestigious school. The Greyhound Diaries creator wears many hats these days. Although he’s a musician, he’s also both a photographer and an activist.

Additional Links on Doug Levitt:

Focus on Diversant and the Principal Executive John Goullet

Diversant refers to a fully certified MBE (Minority Owned Business Enterprise) and also the largest IT staffing firm based in United States and owned by African-Americans. It offers a wide range of IT staffing as well as other diversity products like direct hire, innovative diversity resolutions and IT staff augmentation. Diversant offers services and products based on transformative ideas to meet the needs of associates and their clients and not forgetting the communities they usually serve. Diversant uses a consultative type of approach and engages its clients like business partners. It assists clients to solve some of their critical issues as opposed to just acting as simple commodity suppliers.

About John Goullet

John Goullet is the current Principal of Diversant, LLC. He is an entrepreneur who has been involved in the development of quite a number of ventures in the IT sector that have been highly successful. John started his career as a consultant in IT before he switched to the IT staffing sector in 1994. As he clearly understood the market trends that were emerging, he founded an IT staffing company, Info Technologies. It aimed at providing solutions to the Fortune 500 organizations that existed nationwide. In a span of 5 years, Info Technologies managed to grow up to $30 M, this earned it number 8 on the list of Inc. Magazine’s 500 fastest growing private firms present in United States.

In the year 2010, he and Gene merged DIVERSANT Inc. and Info Technologies to form the present DIVERSANT LLC. John, as the Principal, is now able to continue with his passion of developing new forms of facing the challenges that are present in the IT marketplace that is ever-evolving. Previously, he had served at the Computer Sciences Corp., 1981 – 1983. He also had a stint at the Constell Group, Piscataway from 1983 – 1986 among other various other corporations. As an entrepreneur, John loves working hard for all he has in life and he does not like getting things handed down to him. He handles IT with a lot of respect, dignity, class and honor. This is what makes him different from the rest. He graduated from the Ursinus College.

Additional Links:

John Goullet and Diversant are Leading With Solutions

http://bcexploration.com/index.php/2016/04/28/a-visionary-entrepreneur-who-made-30-million-within-five-years-john-goullet/

Highland Capital Management Sets its Eyes On Argentina’s International Bonds Issue

Argentina is set to go back to the international bonds market soon to raise close to $12 billion. When they go to the market, one of the buyers they expect to buy the bonds in order to raise the money is Highland Capital Management LP. Jim Dondero, the president and co-founder of Highland Capital Management said the company is looking to add up a significant number of securities to the asset base. The asset management firm oversees close to $19 billion of credit hedge funds and emerging market credit funds. Highland Capital Management was the largest holder of Argentina’s $4 billion of notes before they paired their holdings for the past six months. These notes are due in 2033.

Argentina is going to attempt to sell an unprecedented amount of debt so that they can pay for settlements with holdout creditors. The leading creditor is billionaire Paul Singer. This debt sellout also suggests that the supposed distressed debt investors who have flocked into Argentina in the recent years can remain to be part of the country’s debt buyers even after it exits default. The plan by Highland Capital Management to invest in Argentina poses a positive image for the country. In an Interview with Bloomberg, Mr. Dondero said, “We plan to hold what we have in the original bonds but are looking to buy some of the new issuance. We’re optimistic on where Argentina is likely to price the debt and where it’s likely to trade, especially relative to other Latin American sovereigns.”

Argentina has been kept out of the global market after they defaulted a record $95 billion in 2001. Since their exclusion, the country has not been able to pay holders of its restructured foreign-law bonds after another surcease of payments in July 2014. However, The United States District Judge Thomas Griesa is expected to lift the ban that prevented Argentina from paying its restructured debt. When this happens, Highland Capital Management is set to be one of the biggest winners.

James Dondero, who currently resides in Texas where the company head offices are located, has over 30 years experience in the credit and equity markets. His primary focus was mainly on high-yield and distressed investing. James is also chairman of other organizations including Cornerstone Healthcare, CCS Medical and Nexbank. He also sits on the boards of American Banknote and MGM studios. James is not just a well-known shrewd business magnate. He is also a philanthropist. He has supported a number of programs touching on education, public policy and veteran affairs.

James Dondero is an alumni of the University of Virginia, Mcintire School of Commerce, where he graduated with the highest honors (Beta Gamma Sigma, Beta Alphs Psi) with dual majors in accounting and finance. In addition, James is also a Certified Management Accountant (CMA) who has earned the right to use the Chartered Financial Analyst (CFA) designation.

Source: http://www.bloomberg.com/news/articles/2016-03-08/argentina-luring-highland-shows-distressed-bond-buyers-to-stay