Stock trader – Radar 2014 http://radar2014.org/ Fri, 03 Dec 2021 21:29:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://radar2014.org/wp-content/uploads/2021/10/icon-32-120x120.png Stock trader – Radar 2014 http://radar2014.org/ 32 32 Man Passed Out As Experienced Stock Trader And Took Over $ 200,000: Federal Government https://radar2014.org/2021/12/01/man-passed-out-as-experienced-stock-trader-and-took-over-200000-federal-government/ Wed, 01 Dec 2021 18:22:12 +0000 https://radar2014.org/2021/12/01/man-passed-out-as-experienced-stock-trader-and-took-over-200000-federal-government/ Gonzalo Ortiz pleaded guilty to fraud from an investment advisor and stole more than $ 200,000 from an investor for personal expenses, federal officials in New York City said. Scott sharpe ssharpe@newsobserver.com A man posing as an experienced stock trader is accused of pocketing nearly a quarter of a million of an investor’s money for […]]]>

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Gonzalo Ortiz pleaded guilty to fraud from an investment advisor and stole more than $ 200,000 from an investor for personal expenses, federal officials in New York City said.

ssharpe@newsobserver.com

A man posing as an experienced stock trader is accused of pocketing nearly a quarter of a million of an investor’s money for his personal use and of making “poor” investment decisions with a much of the rest.

In addition to the theft of $ 224,500, Gonzalo Ortiz also controlled, in total, nearly $ 600,000 of the victim’s money, losing a significant amount in transactions that were unprofitable despite his assurances to the contrary in the ploy that took place between 2015 and 2017, federal officials in New York City. said in a press release.

With the money he kept for himself, Ortiz used it for purchases, including food, clothing and car payments, officials said. Ortiz pleaded guilty to “fraud an investment adviser in connection with a scheme to defraud an investor” on November 29.

He “masqueraded as an experienced stock trader who could dramatically increase the victim’s savings,” Breon Peace, the attorney for the eastern New York district, said in a statement.

Ortiz, of Hackensack, New Jersey, convinced the victim, named “John Doe” in court documents obtained by McClatchy News, to cede control of approximately $ 565,000 to invest in the securities.

The “fraudulent scheme” began in April 2015, when Ortiz told the investor that he “was a successful stock trader and had made profits for other people by trading stocks on their behalf,” according to reports. court documents.

He offered to manage John Doe’s money, promising a 50% return each year.

In May 2015, Ortiz reportedly emailed the victim and pointed out some securities he said he would invest the victim’s money in.

He emailed the victim, saying that “the possibilities are very good and although it sounds too good to be true, in the position I am in I can tell it is for real,” reveal court documents. Then they entered into a written agreement, which authorized Ortiz to invest $ 100,000 of John Doe’s money which would be repaid by Ortiz within a year.

Ortiz also pledged a return of at least 50% on the first $ 100,000 investment, according to court documents, and assured that any gain up to $ 100,000 from trading the funds would be returned to the victim.

However, Ortiz is accused of stealing around $ 25,000 of the $ 100,000 investment, transferring it to his JPMorgan Chase bank account, and spending nearly $ 10,000 on car payments, clothes. and food.

The scheme continued with Ortiz and the victim making written deals for the second and third investments, officials said.

In late 2016, Ortiz “falsely told” John Doe that he had lost the first three investments, “totaling $ 400,000 through transactions,” court documents say.

But, officials said Ortiz “had not informed John Doe that he stole about $ 170,000 of these investments for personal use.”

As the scheme progressed, according to court documents, approximately $ 224,500 of John Doe’s money was funneled for personal use by Ortiz, who also lost some of his money due to business losses. .

“In fact, Ortiz made some bad business decisions,” the statement read.

“Investment fraud schemes are all too common, often causing emotional trauma in those affected,” Michael J. Driscoll, deputy director in charge of the FBI, said in a statement.

Ortiz faces up to five years in prison and a fine of up to $ 10,000, according to court documents.

He agreed to reimburse the $ 224,000 in compensation.

The press release and court documents obtained by McClatchy News did not include a sentencing date for Ortiz.

McClatchy News has contacted Ortiz’s attorney and the US attorney’s office for further comment.

Julia Marnin is a McClatchy National Real-Time reporter covering the Southeast and Northeast while based in New York City. She is a College of New Jersey alumnus and joined McClatchy in 2021. Previously, she wrote for Newsweek, Modern Luxury, Gannett and more.


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How the death of his puppy led this stock trader to create an end-to-end pet care start-up in India https://radar2014.org/2021/12/01/how-the-death-of-his-puppy-led-this-stock-trader-to-create-an-end-to-end-pet-care-start-up-in-india/ Wed, 01 Dec 2021 01:30:00 +0000 https://radar2014.org/2021/12/01/how-the-death-of-his-puppy-led-this-stock-trader-to-create-an-end-to-end-pet-care-start-up-in-india/ For dog parent Manish Paul, the death of her French Bulldog Mastiff puppy was the last straw. As someone who has had dogs since the age of 9, he was not new to pet parenting, but being solely responsible for a puppy was new to him. Like most pet parents, he has used the internet […]]]>

For dog parent Manish Paul, the death of her French Bulldog Mastiff puppy was the last straw. As someone who has had dogs since the age of 9, he was not new to pet parenting, but being solely responsible for a puppy was new to him. Like most pet parents, he has used the internet to find resources that could help him on his journey to raising his new puppy.

While details about vets and pet hospitals were readily available online, the information was scattered, disorganized, and not very up to date. For other information including pet groomers, trainers and nutritionists, he had to turn to his friends and family and take their word for it when they vouched for people.

When his puppy suddenly passed away from a common dog illness that many puppy parents face – bloat – he realized there was a serious lack of a pet community in India where problems, like the one he had encountered, could be quickly resolved. If there had been a community of pet parents, Manish could have quickly messageed for advice and been able to do something to save his puppy.

Most of the pet services in India are autonomous and non-unified businesses under one umbrella. Same Discovery is a chore, especially as one moves away from metropolitan cities.

Manish decided to do something and started Monkoodog, a platform that brings all kinds of pet services together under one roof and helps pet parents not only to discover and access them easily, but also to assess the quality of services based on reviews. other parents of animals.

Most importantly, the app-based platform, available on iOS and Android, helps pet parents track their pet’s vaccination and deworming schedules, track their growth, and find other pets to proximity for socialization.

Before starting Monkoodog with the co-founders Himani Baisla and Abhishek Singh, Manish has spent over 13 years in the financial industry specializing in derivatives and algo trading. Among them three, they have three dogs and two cats.

Screenshots of the Monkoodog app (Image credit: Monkoodog)

Business model and turnover

The platform saw 3,000 pet registrations purely organic, without spending any money on marketing and only through word of mouth and through their own social media.

Manish started Monkoodog first as Youtube channel where he made videos on animal care, home tags, training etc. 50,000 subscribers and over six million views in total. After building up a substantial customer base, he decided to create a business around it. He saw validation for his idea from the start after a number of viewers of the channel reported deficiencies in the Indian pet service industry.

“The idea was to create a platform that would bring everyone in the pet service industry together, and get them to talk and collaborate with each other to serve pet parents as best as possible. way possible, ”Manish said. Your story.

The start does not generate income currently, and focuses only on generate traction, enroll new service providers, get details of much needed services for parents of animals such as crematoriums, pet taxis, ambulance services, lifeguards etc.

In the future however, Monkoodog aims to charge service providers a small commission for each appointment, she takes part in making an appointment via her platform.

The start is self-financed so far, the founders investing more than Rs 40 lakh of their own money. They are in the process of lifting their first institutional round.

Along with services, the startup has also formed a community pet parents on the app who can learn from each other, as well as log in to play offline.

Screenshot of the Monkoodog app (Image credit: Monkoodog)

“Think of Monkoodog as Google + Facebook for pets. You can find out everything about your pets and you can count on a great community of pet parents to support you through the process of their breeding, ”said Manish.

Future plans

Manish envisions Monkoodog becoming a one-stop-shop for information, and a centralized platform which stores information about pets, including vaccination, deworming and grooming schedules.

In the future, the founder hopes consolidate some pet service providers – groomers, trainers, pet sitters, etc. internally offer. The service providers would operate as part of Monkoodog and use the platform to find new customers.

“So the next time a pet parent searches for a grooming service in a city they don’t live in, the Monkoodog tag will tell them that this is a service they can trust.” », Explains Manish.

The start up saw a lot of traffic and traction in the WE, and sets up a team to strengthen its presence there. According to its internal data, India is its second market. Its competitors in India are notably PetNest, Heads Up for Tails and VetCo, among others.

India’s pet care industry has more than doubled from Rs 1,594.8 crore in 2015 to Rs 3,701.99 crore in 2021, mainly thanks to pet products, food and services, according to a report by Euromonitor International. Monkoodog is well positioned to capture a share of this growing market.

Edited by Teja Lele Desai


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Jeffrey Hirsch’s Almanac is known for identifying simple trades that can generate big returns. He presents one that could make investors close to 50% or more with the right timing … https://radar2014.org/2021/11/23/jeffrey-hirschs-almanac-is-known-for-identifying-simple-trades-that-can-generate-big-returns-he-presents-one-that-could-make-investors-close-to-50-or-more-with-the-right-timing/ Tue, 23 Nov 2021 10:01:43 +0000 https://radar2014.org/2021/11/23/jeffrey-hirschs-almanac-is-known-for-identifying-simple-trades-that-can-generate-big-returns-he-presents-one-that-could-make-investors-close-to-50-or-more-with-the-right-timing/ Jeffrey Hirsch, publisher of Stock Trader’s Almanac. Jeffrey Hirsch Jeffrey Hirsch publishes Stock Trader’s Almanac, known for its simple and timed trades. He says that in 2022-2023, investors can use an electoral trade that has returned 47% on average. He also explained the evolution of his father Yale Hirsch’s “best six months” strategy. Beware of […]]]>
Jeffrey Hirsch, publisher of Stock Trader’s Almanac.

  • Jeffrey Hirsch publishes Stock Trader’s Almanac, known for its simple and timed trades.
  • He says that in 2022-2023, investors can use an electoral trade that has returned 47% on average.
  • He also explained the evolution of his father Yale Hirsch’s “best six months” strategy.

Beware of flyers, road signs and endless TV commercials – next year will be another election year in the United States.

It can mean annoyance and stress for some – okay, for many – but it also offers significant opportunities for investors.

The Stock Trader’s Almanac has focused on election-related trading trends for over 50 years. It was founded by Yale Hirsch, who is credited with the term “Santa Claus Rally” to describe how the stock market often rises at the end of the year.

Hirsch, who passed away earlier this month, has also observed seasonal trends in the performance of stocks and developed trading strategies around them. His son, Jeffrey Hirsch, the current publisher of the almanac and its related markets newsletter, recently spoke to Insider about these trends and what they mean as we approach midterm.

Hirsch explains that major U.S. indexes tend to hit lows in midterm election years, like 2022, and then make big rallies that drag into the following year.

“The blasphemies and continuing political battles have created this weak spot, we call it the gatherers’ paradise downstairs, the mid-year year,” he said. “This is where this movement takes place.”

Low points often occur in the second or third quarter of election years, although he says they can occur at any time. Hirsch tracks them with a momentum indicator called the Moving Average Convergence Divergence, or MACD, a popular indicator that measures the relationships between closing prices. This can help traders find times when a stock or index has gone down but momentum is still positive, meaning it should rebound soon.

Using this method to track one of the major indices has historically been a very profitable transaction. Since 1915, using a MACD signal to buy the Dow Jones Industrial Average at its mid-point low and selling at its pre-election year high would have yielded an average return of 47%. Its weakest performance, from a mid-term low to a high in a pre-election year, was a 14% gain in the 1940s.

More recently, using a MACD signal to track the venerable index would have helped investors gain 31% between the index’s December 2018 low and its next high in December 2019. Using a MACD signal has generated 70% gains over a similar period on several occasions. in the past.

Hirsch adds that the new Nasdaq composite fared even better, averaging 70% from the mid-year low of the year to the pre-election year high.

The elder Hirsch was also known to have developed the “best six month change strategy” in the 1980s. Sometimes summed up with the old market saying “Sell in May and go” – a description Jeffrey Hirsch rejects – it is based on the observation that since the mid-20th century the Dow Jones has made big gains between November and April and delivered much lower returns the rest of the year.

He recommended a strategy of buying a simple fund taking over the Dow Jones or S&P 500 before those good times and going for a core bond fund for the weaker times. Jeffrey Hirsch adds that the Nasdaq and the Russell 2000 follow slightly different patterns with a “best eight months” period running from November to June.

Investing in the Dow Jones this way every year since 1950 would have turned an initial investment of $ 10,000 into $ 1.2 million by the end of 2020, according to Hirsch’s calculations – which rule out any presumed gains from bond investments.

But he says the MACD indicator improves performance here as well. The almanac says investors can use this signal to buy stocks at the first sign of a positive trend in the markets in October or later, and turn to bonds as early as possible in April.

He calculates that applying the strategy in this way would have turned the same $ 10,000 invested in 1950 into $ 3.1 million at the last exit point in 2020. Using the same techniques on the Nasdaq from its first year, 1971, would have turned $ 10,000 into $ 2.9 million. over a shorter period of time.


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Securities Trader Sara Goldstein on Developing Expertise https://radar2014.org/2021/11/17/securities-trader-sara-goldstein-on-developing-expertise/ Wed, 17 Nov 2021 21:27:46 +0000 https://radar2014.org/2021/11/17/securities-trader-sara-goldstein-on-developing-expertise/ Securities Trader Sara Goldstein on Developing Expertise Sara Goldstein clearly remembers the cold day of January 2015 when the Swiss National Bank suddenly lowered its ceiling on the franc, sending the safe haven currency soaring against the euro. In a few minutes, the Swiss franc rose by almost 30% against the euro. The move has […]]]>

Securities Trader Sara Goldstein on Developing Expertise

Sara Goldstein clearly remembers the cold day of January 2015 when the Swiss National Bank suddenly lowered its ceiling on the franc, sending the safe haven currency soaring against the euro. In a few minutes, the Swiss franc rose by almost 30% against the euro. The move has bankrupted some stock traders caught on the wrong side of the trade. “There are different types of volatile days. There are those you can expect, such as a Fed rate decision, and the ones you can’t. The decision of the Swiss franc caught a lot of people off guard, ”she observes.

Goldstein, based in London, Head of Premium Clients – Trading at IG, says days with unexpected volatility are among his favorites. “It’s very intense. You need to be alert and on your game to be ready for whatever throws at you. It’s a bit like work, ”observes the stock market operator.

Goldstein broke into finance almost nine years ago when a college friend in the industry told him about the high-energy world of commerce. Today, she manages a portfolio of over 100 high net worth clients, who trade often and everything from currencies to cryptos, commodities and small cap stocks.

Intensity reigns over Goldstein’s days. Even before the London Stock Exchange opened, Goldstein wrote and distributed a morning recap to clients summarizing overnight movements in Asia and the United States, chatted with analysts, and often took a few client calls. “It’s about being as prepared as possible. Knowing which clients are going to call, which ones are going to negotiate and what bad news could put clients’ accounts in trouble, ”she says.

Most of Goldstein’s clients focus on European small-cap equity trading and she has developed expertise in the field and a flair for growth opportunities.

We spoke to Goldstein about how she developed her trading expertise.

How Did an Economics Degree Prepare You for Stock Trading?

Not much at all. Adam Smith’s division of labor theory from 100 years ago doesn’t help you digest Lloyd’s banking results. I liked the economy a lot, but I wasn’t sure what I wanted to do. A friend who worked in the industry told me what she was doing and I thought, why not give it a try?

Talk about your first experiences as a trader

When I joined IG as part of the graduate rotation program, I was one of the only women on the trading floor. It will sound funny, but if you went to the bathroom there was never a line because there was no one there. At the same time, if you needed a hairbrush, you were in trouble because there was no one to ask! This has changed over the past eight years. I have seen a lot more women entering the industry. IG’s philosophy is to empower people to access financial freedom and women are a part of it.

Do you see any differences in the way men and women trade?

This is something that people have tried to analyze for years. Is it a question of education? Does it come down to what girls study versus boys? Is it a question of risk? In terms of the differences, I don’t have enough clients to answer the question. But there is definitely a difference in the number of women trading compared to men, and it would be nice to see more of them join the market.

Which markets are you most interested in?

I prefer shares. I like to look at a company, see what it does and assess its value: what P / E ratio it is trading on; how much money and debt they carry and so on. I am not a technical trader. I don’t know how you can predict what the cable price is (the term forex to denote an exchange between the British pound and the US dollar) going to be in the next 30 seconds. Stocks are something I grew up in, starting with reading articles on individual stocks. At the same time, I was trained in economics, so I look at the larger markets.

Are there any key distinctions between trading stocks and commodities, for example?

From a trading and execution perspective, we have so much liquidity at IG that many of our products (indices, currencies, commodities) can be traded online. There is no need to call an execution broker like me, unless you are dealing with a large size. And this is where it gets interesting. Someone gives you a big order and wants to buy a huge volume in an illiquid stock, you have to find that volume and know how to trade it without changing the price.

Many of my clients trade very small cap stocks, guided by market makers, those who provide liquidity and set prices. You can’t just place your order on an exchange like you would stock Apple or a FTSE 100 Stock. It’s a bit like a game of poker. Market makers control the price; you want to know what bitrate and volume they have. They want to know what you are holding and where you are sitting, so it becomes a game of trying to get customers a good price and a good fill.

I find it very exciting and I do it daily. You will see two prices on the screen; an offer and an offer price. You will see different market makers on offer. But you don’t always know that they are actually the best deal. Maybe the market maker is just trying to get an order to show us our hand. It’s a strange and quite fun market.

How do you keep tabs on dozens of dynamic small cap stocks?

You can’t stare at your screen all day looking at 40, 50 markets for price movements. I set price and news alerts, which will tell me when something is going on. For example, if a stock moves more than 5 or 10 percent, it will ping me and I can step in to investigate the move. Why did this happen? Is it rational or logical? Should I call my clients about this? Should I exchange it? I’m pretty hot on news and price alerts

Some people may feel stressed about hearing unexpected pings all day long. How do you deal with your emotions?

People in the office know me as fiery. I have a little tongue and sometimes I can be heard screaming on the ground. I think controlling your emotions comes down to being organized. You get angry, panic, and act irrational when you are unprepared. Yes you make sure you know what you are doing and then in these times of heightened emotion when the market is incredibly volatile, that confidence will allow you to stay calm, stay focused, trade and get the job done. In saying that, the swear word helps.

Using stops and limits won’t take the emotion out of the way you trade, but it will definitely help you control and manage your risk. I think losing control of your risk is the source of a lot of emotions. Losing control is when you panic and make mistakes. If you are in control of your risk management, you are less likely to act recklessly or impulsively, which is probably one of the worst things you can do when the market starts to get volatile.

Who are you looking for inspiration from?

It’s controversial, but I don’t like to follow other traders. I think there are some people you can look up to but if you place a trade because someone else said they placed a trade you will never be successful. You have to make your own decisions. You never know why or when someone made a transaction (and more importantly at what cost!). A good example is Gamestop and the frenzy around Wall Street betting. While a lot of people made a lot of money, there were also those who joined the late train and suffered huge losses. Blindly following someone is a pretty lazy way to trade and will always end in tears.

Learn more about the other female traders at DailyFX Women in finance content center.

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Robinhood data breach details: is stock trader information affected? https://radar2014.org/2021/11/09/robinhood-data-breach-details-is-stock-trader-information-affected/ Tue, 09 Nov 2021 18:04:26 +0000 https://radar2014.org/2021/11/09/robinhood-data-breach-details-is-stock-trader-information-affected/ Robinhood, the already controversial online trading platform, announced Monday that a fraudster “socially designed a customer support employee over the phone and gained access to certain customer support systems.” having access to lists of names and email addresses for millions of customers. The company said the scammer accessed a list of around five million people’s […]]]>

Robinhood, the already controversial online trading platform, announced Monday that a fraudster “socially designed a customer support employee over the phone and gained access to certain customer support systems.” having access to lists of names and email addresses for millions of customers.

The company said the scammer accessed a list of around five million people’s email addresses and a separate list of around two million full names. About 310 people had their name, date of birth and zip code exposed, while about 10 Robinhood customers had “more detailed account details revealed.” Robinhood reaches out to those affected.

The hacker demanded a ransom payment and Robinhood has contacted law enforcement and is working with cybersecurity Mandiant to continue the investigation, the company statement said.

Robinhood said people who want to change their security settings can access their website’s security menu. The National Cybersecurity Alliance, an industrial group, advised Robinhood clients change their passwords and set up multi-factor authentication as a precaution.

Robinhood has warned customers that it will not send links to access their accounts in emails, possibly concerned about potential phishing attacks using the leaked email addresses.

This is far from the first problem Robinhood encountered, which was one of the pioneers in commission-free online stock trading, now an industry standard. Last year, the company agreed to pay $ 65 million to settle claims by the Securities and Exchange Commission that it misled clients about how it makes money, which involved payments financial companies to which it routed customer orders. The SEC said this helped lower stock prices for its clients.

Robinhood clients have also had difficulty trading stocks and cryptocurrencies, often in times of volatility, including this year’s stock market boom.



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A Stock Operator’s Guide to Japan’s First New Prime Minister Poll https://radar2014.org/2021/10/29/a-stock-operators-guide-to-japans-first-new-prime-minister-poll/ Fri, 29 Oct 2021 04:44:35 +0000 https://radar2014.org/2021/10/29/a-stock-operators-guide-to-japans-first-new-prime-minister-poll/ (Bloomberg) – Investors are nervously preparing for Sunday’s Japanese general election, with the prospect of a surprise outcome creating choppy moves in recent days. Bloomberg’s Most Read The ruling party in Japan is facing voters for the first time in about a decade without Shinzo Abe at the forefront. Markets are unsure of what to […]]]>

(Bloomberg) – Investors are nervously preparing for Sunday’s Japanese general election, with the prospect of a surprise outcome creating choppy moves in recent days.

Bloomberg’s Most Read

The ruling party in Japan is facing voters for the first time in about a decade without Shinzo Abe at the forefront. Markets are unsure of what to expect from newly elected Prime Minister Fumio Kishida with a Topix down nearly 2% since he was chosen to lead the Liberal Democrats. During the same period, the MSCI Asia-Pacific Index gained 1%.

This has made investors anxious in a country where the LDP has ruled for all but four of the last 66 years. Recent polls have shown that voters are not crazy about Kishida. The opposition parties, although they do not have a charismatic leader either, are this time better coordinated than in recent years.

While most people expect the ruling coalition to lose a few seats while retaining power, traders will focus more than usual this time on the Halloween election as there are still many uncertainties. Here’s a look at what the potential scenarios could mean for Japanese stocks and analysts’ trading strategies.

Win easily

While Kishida has publicly stated that he would consider a simple majority for the coalition of the PLD and his partner Komeito a success, many believe he would want a better performance than winning just 233 seats out of 465 available. Obtaining a total of 261 seats would mean an “absolute stable majority”, allowing control of the standing committees of the lower house.

Some polls have indicated that the PLD alone could retain the majority. Such a result would be seen as a solid performance, encourage the market and help consolidate Kishida’s post as prime minister.

This scenario “would help build political capital for Kishida-san’s progressive political tilt,” Morgan Stanley MUFG Securities Co. economists, including Robert Feldman, said in an Oct. 27 memo.

Naohiko Baba, economist at Goldman Sachs Group Inc., said in a note that whenever the PLD got a majority, stocks “had a strong tendency to rise before the election and to rally even stronger after the close. ballots “.

Narrow victory

As the LDP has seen some seats give way, the focus is now on the extent of the damage to the party.

Morgan Stanley says “significant” seat losses of more than 40 would weigh on Japanese stocks in the near term as concerns increase over the stability of the government. The failure of the PLD to secure a majority would be bad for Kishida and would make the party more dependent on Komeito.

If the LDP cannot maintain a majority on its own, Kishida’s authority within the party will decline, according to Jin Kenzaki, head of research on Japan at Societe Generale SA. He sees a 50% chance that the LDP will not retain the majority. In this scenario, Kishida would not resign immediately and he could bolster his economic stimulus package, Kenzaki said.

Some analysts added that the poor performance of the LDP could force Kishida, who has been vague about what his “new form of capitalism” really entails, to adopt more understandable policies, or even accelerate a change of direction.

The optimal scenario for the market could be that the coalition is doing well, but the LDP changes its leader, said Richard Kaye, portfolio manager at Comgest Asset Management Japan Ltd.

Scary surprise

Although people think that split opposition is unlikely to overthrow the government, it is a possibility as this election is held on Halloween.

Yukio Edano, leader of the biggest opposition party, rated the odds of a historic change in power at about the same level as baseball star Shohei Ohtani’s batting average: 0.257, or about one in four. The ruling coalition would need to lose more than 72 seats for this to happen. A change of direction could scare the markets.

Such a scenario “would be more negative for Japanese stocks given the potential uncertainty regarding the formation of the government and the resulting political platform,” according to Morgan Stanley MUFG.

Post-election documents

Kishida has postponed the details of many of his economic policies until after the election, with many investors still unsure whether his redistribution policies are just talks or will be followed by action.

“I think it’s hard to know what he really represents,” said Kaye of Comgest.

However, some sectors could benefit from an LDP victory – or fall if a poor performance by Kishida accelerates a change of direction. They include the country’s tourism, technology and energy sectors.

Tourist trap

Although Japan has some of the strictest border controls among developed countries, opposition politicians have pleaded for even tougher measures. Kishida has yet to say when Japan may seek to reopen its borders, but once the elections are over, a plan may be imminent.

“A reopening of tourism, especially from Asia, seems likely soon,” CLSA’s Nicholas Smith said in a report.

First, Kishida is likely to revive the ‘Go To’ national travel and meal subsidy programs that began in 2020 but have been put on hold amid a Covid resurgence. This should benefit East Japan Railway Co. and hotel-related actions, Smith wrote, adding that coalition partner Komeito is pushing the LDP even more to restart programs.

Technological transformation

A “digital transformation” of the paper-heavy Japanese bureaucracy was a key policy of Kishida’s predecessor, Yoshihide Suga. The LDP kept it and combined it with Kishida’s “digital garden city” idea to use new technologies to boost regional economies. Companies offering work-from-home technologies, 5G, remote medicine and a range of startups promoting the digitalization of office tasks should continue to benefit. The LDP manifesto also emphasizes cybersecurity.

Meanwhile, Japan’s belated move to boost its semiconductor industry is starting to pay off, Sony Group Corp. preparing to partner with Taiwan Semiconductor Manufacturing Co. to build a chip factory in Japan, a Kishida investment valued at 1,000 billion yen ($ 8.8 billion). . Kishida also appointed an Economic Security Minister who described the move as a first step in reviving the Japanese chip industry. Companies in the supply chain will continue to be the focus for the next few months.

Fresh energy

As Suga had said that Japan will aim to become carbon neutral by 2050, it is up to Kishida to start the implementation. The LDP is considered nuclear-friendly and aims both to restart nuclear reactors and to invest in small, new-generation modular reactors.

The biggest opposition parties tend to oppose the construction of new nuclear power plants, so a good performance for them in some districts could be bad news for utilities that depend on nuclear power.

Suga’s decision “was a major change in leadership,” said Tomo Kinoshita, global markets strategist at Invesco Asset Management in Tokyo. “Renewable energy technology and related actions will be the focus of attention. “

(Updates to add details on areas to watch from 17th paragraph)

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Securities trader charged with securities fraud in Twitter pump-and-dump scheme https://radar2014.org/2021/10/27/securities-trader-charged-with-securities-fraud-in-twitter-pump-and-dump-scheme/ Wed, 27 Oct 2021 18:40:17 +0000 https://radar2014.org/2021/10/27/securities-trader-charged-with-securities-fraud-in-twitter-pump-and-dump-scheme/ What would you like to know An Ohio OTC stock trader reportedly ran a pump-and-dump program that grossed him $ 1 million in illegal proceeds. The accused has been arrested and faces a maximum of 85 years in prison if convicted on all four counts. The SEC filed an urgent action and obtained an injunction […]]]>

What would you like to know

  • An Ohio OTC stock trader reportedly ran a pump-and-dump program that grossed him $ 1 million in illegal proceeds.
  • The accused has been arrested and faces a maximum of 85 years in prison if convicted on all four counts.
  • The SEC filed an urgent action and obtained an injunction and an asset freeze against it.

A Maumee, Ohio-based stock trader was arrested Tuesday and charged with securities fraud, wire fraud and market manipulation after using his Twitter account to operate a pump-and-dump system involving OTC stocks over the counter, according to Damian Williams, US attorney for the Southern District of New York.

Steven Gallagher, 50, was arrested in the Northern District of Ohio but has been charged in a lawsuit filed in U.S. District Court for the Southern District of New York, Williams said in a press release describing the accused as an “active day laborer”.

The accused faces a maximum of 85 years in prison if convicted on all four counts. He has been charged with two counts of securities fraud, one of which carries a maximum sentence of 20 years in prison and the other a maximum of 25 years, and one count each of fraud. electronics and market manipulation, each punishable by a maximum sentence of 20 years, according to the Justice Department.

“Alex Delarge”

Gallagher, using the aliases “Alex Delarge” and “@ AlexDelarge6553”, created an equity promotion account on Twitter in September 2019 that attracted over 70,000 followers and grossed him over $ 1 million in revenue. illegal, according to the complaint.

His pseudonym was a nod to the main character in Anthony Burgess’ novel “A Clockwork Orange” and the classic Stanley Kubrick film of the same name in which actor Malcolm McDowell played him.

Gallagher used the Twitter account to tout certain over-the-counter penny stocks and to spread false and misleading information about his trading in those stocks in order to trick his followers into buying those stocks and raising their prices, according to the complaint.

From at least May 2020 or around, to and including in or around the present, in the Southern District of New York and elsewhere, Gallagher “willfully and knowingly” designed and executed the scheme to defraud investors , according to the complaint.


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Feds: Ohio stock trader robbed Twitter users in pumping and dumping | Region https://radar2014.org/2021/10/26/feds-ohio-stock-trader-robbed-twitter-users-in-pumping-and-dumping-region/ Tue, 26 Oct 2021 20:51:15 +0000 https://radar2014.org/2021/10/26/feds-ohio-stock-trader-robbed-twitter-users-in-pumping-and-dumping-region/ NEW YORK (AP) – An Ohio penny stock trader was arrested Tuesday on charges alleging he made more than $ 1 million illegally by repeatedly lying to his 70,000 followers on Twitter for them. get them to buy shares in what authorities are calling a new social network infused with a twist on an old […]]]>

NEW YORK (AP) – An Ohio penny stock trader was arrested Tuesday on charges alleging he made more than $ 1 million illegally by repeatedly lying to his 70,000 followers on Twitter for them. get them to buy shares in what authorities are calling a new social network infused with a twist on an old game of stock manipulation.

Steven Gallagher, 50, of Maumee, Ohio, has been indicted in a New York federal court with securities fraud, wire fraud and market manipulation. He was arrested in Ohio. It was not immediately clear who would represent Gallagher in an initial Ohio court appearance.

US Attorney Damian Williams said in a statement that Gallagher “brought old-fashioned boiler room tactics to the age of Twitter and exploited a pump-and-dump social media scam that defrauded ordinary investors.” .

Ricky J. Patel, head of the New York bureau for homeland security investigations, said Gallagher had turned “lies into cash.”

“Inventory pumping and dump systems are distrustful in the market and have real victims who often invest large sums of money, only to have their hopes shattered by the greed of a fraudster,” Patel said.

Court documents in Manhattan alleged that Gallagher began defrauding followers of a Twitter account he opened in September 2019 under the pseudonym “Alex DeLarge,” a gang leader character who commits violent crimes in the novel by Anthony Burgess “A Clockwork Orange”. As of last week, the account had more than 70,000 subscribers.

Authorities have accused Gallagher of secretly buying a substantial number of shares in at least six thinly traded securities known as penny stocks, as they are typically worth less than $ 1 per share. They said he then praised them to his followers to get them to buy the stocks and increase their values.

Then Gallagher secretly sold his titles while continuing to promote them to his supporters so he could get the highest possible price for his own sales, according to a criminal complaint.

Meanwhile, he bragged about his stock picking prowess to his followers, regularly posting images of his brokerage account balance and earnings to his Twitter account to bolster his reputation and entice his followers. to do what he asked, according to the complaint.

Trading at a company Gallagher promoted online – Minnesota-based SpectraScience Inc. – was temporarily suspended in February by the Securities and Exchange Commission, which said “some social media accounts may be engaged in an attempt coordinated to artificially influence the course of action, ”the complaint said.

Kingston Moy, a Homeland Security officer who signed the lawsuit, wrote that he had spoken to at least two investors who lost thousands of dollars after taking Gallagher’s advice. The agent said investors were in awe of the number of followers Gallagher had and appeared to be posting his own financial positions.

The agent also said he interviewed Gallagher on Monday and Gallagher confirmed he controlled the DeLarge Twitter account and posted a tweet in July 2020 designed to increase the value of one of the stocks he promoted to of its subscribers.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Feds: Ohio Stock Trader Stole Twitter Users In Pump – & – Dump | Ohio News https://radar2014.org/2021/10/26/feds-ohio-stock-trader-stole-twitter-users-in-pump-dump-ohio-news/ Tue, 26 Oct 2021 20:51:00 +0000 https://radar2014.org/2021/10/26/feds-ohio-stock-trader-stole-twitter-users-in-pump-dump-ohio-news/ By LARRY NEUMEISTER, Associated Press NEW YORK (AP) – An Ohio penny stock trader was arrested Tuesday on charges alleging he made more than $ 1 million illegally by repeatedly lying to his 70,000 Twitter followers for the get them to buy shares in what authorities are calling a new social network infused with a […]]]>

By LARRY NEUMEISTER, Associated Press

NEW YORK (AP) – An Ohio penny stock trader was arrested Tuesday on charges alleging he made more than $ 1 million illegally by repeatedly lying to his 70,000 Twitter followers for the get them to buy shares in what authorities are calling a new social network infused with a twist on an old game of stock manipulation.

Steven Gallagher, 50, of Maumee, Ohio, has been indicted in a New York federal court with securities fraud, wire fraud and market manipulation. He was arrested in Ohio. It was not immediately clear who would represent Gallagher in an initial Ohio court appearance.

US Attorney Damian Williams said in a statement that Gallagher “brought old-fashioned boiler room tactics to the Twitter age and exploited a pump-and-dump social media scam that defrauded ordinary investors.” .

Ricky J. Patel, head of the New York bureau for homeland security investigations, said Gallagher had turned “lies into cash.”

Political cartoons

“Inventory pumping and dump systems are distrustful in the market and have real victims who often invest large sums of money, only to have their hopes shattered by the greed of a fraudster,” Patel said.

Court documents in Manhattan alleged that Gallagher began defrauding followers of a Twitter account he opened in September 2019 under the pseudonym “Alex DeLarge,” a gang leader character who commits violent crimes in the novel by Anthony Burgess “A Clockwork Orange”. Last week, the account had more than 70,000 subscribers.

Authorities have accused Gallagher of secretly buying a substantial number of shares in at least six thinly traded securities known as penny stocks, as they are typically worth less than $ 1 per share. They said he then praised them to his followers to get them to buy the stocks and increase their value.

Then Gallagher secretly sold his titles while continuing to promote them to his supporters so he could get the highest possible price for his own sales, according to a criminal complaint.

Meanwhile, he bragged about his stock picking prowess to his followers, regularly posting images of his brokerage account balance and earnings to his Twitter account to bolster his reputation and entice his followers. to do what he asked, according to the complaint.

Trading at a company Gallagher promoted online – Minnesota-based SpectraScience Inc. – was temporarily suspended in February by the Securities and Exchange Commission, which said “some social media accounts may be engaged in an attempt coordinated to artificially influence the course of action, ”the complaint said.

Kingston Moy, a Homeland Security officer who signed the lawsuit, wrote that he had spoken to at least two investors who lost thousands of dollars after taking Gallagher’s advice. The agent said investors were in awe of the number of followers Gallagher had and appeared to be posting his own financial positions.

The agent also said he interviewed Gallagher on Monday and Gallagher confirmed he controlled the DeLarge Twitter account and posted a tweet in July 2020 designed to increase the value of one of the stocks he promoted to of its subscribers.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Securities Trader Arrested Charged With Securities Fraud For Using His Twitter Account To Operate A Pump And Dump Program | USAO-SDNY https://radar2014.org/2021/10/26/securities-trader-arrested-charged-with-securities-fraud-for-using-his-twitter-account-to-operate-a-pump-and-dump-program-usao-sdny/ Tue, 26 Oct 2021 18:23:37 +0000 https://radar2014.org/2021/10/26/securities-trader-arrested-charged-with-securities-fraud-for-using-his-twitter-account-to-operate-a-pump-and-dump-program-usao-sdny/ Damian Williams, United States Attorney for the Southern District of New York, and Ricky J. Patel, Acting Special Agent for the local New York Homeland Security Investigations Office (“HSI”), announced today that STEVEN GALLAGHER was indicted in a lawsuit in Manhattan Federal Court for securities fraud, wire fraud and market manipulation. GALLAGHER, using the alias […]]]>

Damian Williams, United States Attorney for the Southern District of New York, and Ricky J. Patel, Acting Special Agent for the local New York Homeland Security Investigations Office (“HSI”), announced today that STEVEN GALLAGHER was indicted in a lawsuit in Manhattan Federal Court for securities fraud, wire fraud and market manipulation. GALLAGHER, using the alias “Alex DeLarge”, created an equity promotion account on Twitter which has gained over 70,000 followers. GALLAGHER used this account to tout certain publicly traded stocks and to spread false and misleading information about his trading in those stocks in order to induce his supporters to buy those stocks and raise their prices. GALLAGHER made over a million dollars in profit by then secretly selling his previously acquired holdings of these penny stocks. GALLAGHER was arrested today in the Northern Ohio District and is expected to appear before a trial judge this afternoon.

US Attorney Damian Williams said: “As alleged, Steven Gallagher introduced old-fashioned boiler room tactics in the Twitter age and exploited a pump-and-dump-type social media scam that defrauded ordinary investors. , all so that he could earn over a million dollars in profit. Gallagher’s arrest today demonstrates that this office and our law enforcement partners will be vigilant as securities fraud schemes move to Twitter and other forms of social media.

HSI Acting Special Agent Ricky J. Patel said: “Turning lies into cash, Gallagher is said to have embarked on a pump-and-dump program, in which he and his supporters manipulated the price of listed shares. in cents and guaranteed profits. The systems of pumping and emptying stocks create distrust in the market and claim real victims who often invest large sums of money, only to have their hopes shattered by the greed of a fraudster. Like so many Hollywood films that have portrayed stock market frauds, Gallagher suffered the same fate as these intrigues, he was arrested and will now face justice. Working with our partners in the USAO-SDNY and the SEC, identifying and disrupting illegal financial schemes like this is a top priority for HSI.

If you believe you are a victim of this crime, or if you have information relevant to this investigation, please send an email to TwitterOTC@ice.dhs.gov.

As alleged in the lawsuit unsealed today in Manhattan federal court:[1]

STEVEN GALLAGHER is an active day trader in over-the-counter securities, or “over-the-counter securities”. These securities are generally not traded on centralized exchanges such as the New York Stock Exchange or the NASDAQ Stock Exchange. Over-the-counter securities often trade for less than a dollar per share and are therefore often referred to as “penny stocks”. Many over-the-counter securities are lightly traded and therefore are particularly sensitive to stock manipulation patterns.

In September 2019, GALLAGHER created a Twitter account under the alias “Alex DeLarge”, a character from the novel by Anthony Burgess A clockwork orange and the Stanley Kubrick film of the same name (the “DeLarge Twitter Account”). As of October 19, 2021, the DeLarge Twitter account had more than 70,000 followers.

From 2020 to the present, GALLAGHER has implemented a fraudulent pump-and-dump scheme that has used various tactics to defraud non-professional individual investors – known as “retail investors” – in loosely traded OTC securities. GALLAGHER has repeated the pattern over and over again with respect to many titles, employing much the same means and methods. As part of his fraudulent scheme, GALLAGHER first secretly acquired a substantial volume of shares of lightly traded penny stocks (the “Subject Securities”). GALLAGHER then used the DeLarge Twitter account to artificially “inflate” the headlines, including making materially false and misleading statements about those headlines. For example, GALLAGHER has made false and misleading representations about the nature and timing of GALLAGHER’s financial interest in these securities, sometimes representing that he was purchasing or holding shares of some of the subject securities that he was touting while in fact, it was secretly selling. During the program, GALLAGHER also regularly posted images of his brokerage account balance and earnings on the Delarge Twitter account in order to bolster his reputation and encourage his followers to trade according to his suggestions.

During the “pumping” phase of this program, the prices of the submitted titles increased when Twitter followers of the DeLarge Twitter account purchased them. Next, GALLAGHER entered the ‘dump’ phase of the scheme in which he sold his shares at inflated prices while continuing to use the DeLarge Twitter account to disseminate materially false and fraudulent statements in an attempt to get the best possible sale price for itself. As a result of this fraudulent scheme, GALLAGHER made over $ 1 million in business profits.

In addition to making false and misleading statements to “inflate” the targeted securities, as part of his fraudulent scheme, GALLAGHER has also engaged in an additional form of market manipulation with at least one of the affected securities. More specifically, GALLAGHER has engaged in a series of operations aimed at artificially increasing the end-of-day price of one of the securities concerned by making purchases at prices above the market in order to reveal the action favorable to the market. potential buyers, a deceptive practice known as “marking the end”. As with GALLAGHER’s efforts to artificially increase the price of securities subject to false and misleading claims, these manipulative transactions prompted other market participants to purchase the security and continue the upward trend in its price as GALLAGHER secretly sold his shares for a profit.

* * *

GALLAGHER, 50, of Maumee, Ohio, is charged with one count of securities fraud, carrying a maximum sentence of twenty years in prison, one count of wire fraud, carrying a maximum sentence of twenty years in prison, one count of securities fraud, punishable by a maximum penalty of twenty-five years in prison, and one count of market manipulation, punishable by a maximum of twenty years in prison. The potential maximum sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any conviction of the defendant will be determined by the judge.

Mr Williams praised the work of HSI and noted that the investigation is continuing. Mr. Williams further thanked the Securities and Exchange Commission for their cooperation and assistance in this investigation.

This case is being handled by the Bureau’s Securities and Commodities Fraud Working Group. Assistant US prosecutors Richard Cooper, Daniel Tracer and Allison Nichols are in charge of the prosecution.

The allegations in the complaint are only accusations, and the defendant is presumed innocent until proven guilty.


[1] As the introductory sentence indicates, the entire text of the Indictments and the description of the Indictments set forth here constitute allegations only, and each fact described should be treated as an allegation.


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