Articles tagged "Howard Present"
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Judge shows Howard Present no mercy then verbally shreds him after the F-Squared founder 'fails to understand the wrongfulness of having misrepresented the strategy'
U.S. District Judge Sorokin wants the public record to show -- in no uncertain terms -- that ex-CEO is a high risk to commit further violations
April 5, 2018 at 11:22 PM
The top 10 most-read RIABiz articles of 2017 told stories about what RIAs, brokers, vendors can get away with post-DOL rule
Change is abrupt, pain is severe but most of it can be traced to custodians and advisors taking their medicine preemptively
December 28, 2017 at 8:49 PM
Guilty as charged, Howard Present retreats to no-harm, no-foul defense in sentencing phase
Back against the wall, the ex-F-Squared CEO hopes for leniency because 'no investors suffered losses' as SEC seeks $11-million disgorgement and $150K penalty
October 24, 2017 at 9:28 PM
Louis Navellier ready to present 'extremely strong defense' to daunting SEC fraud charges
The Florida-based mutual fund owner says he advertised using GIPS-compliant material such that: 'I didn't sell this at all'
September 19, 2017 at 12:19 AM
Navellier is latest to catch F-Squared affliction as SEC broadens parameters of wrongdoing
The Reno, Nev.-based $1B advisory firm and its CEO are No. 17 on the Commission's hit parade and may not be the last, experts say
March 27, 2017 at 8:11 PM
How promise to wife looms large for ex-F-Squared chief as SEC seeks to deny him court date
Docket filings tell dramatic tale of how Howard Present allegedly looked the other way on inflated backtest returns while laboring under duress of losing his dream
February 1, 2017 at 7:34 PM
Catching shareholders short, SEC lets Virtus skate with $16.5 million tax-deductible settlement after alleged 'willful blindness'
Observers say the Hartford, Conn.-based mutual fund company turned a blind eye to a fictitious track record but the SEC saw fit to mete out a not-so-big fine
November 4, 2015 at 7:13 PM
Bean Town Brahmins -- ex-Windhaven execs -- may pay as much as $100 million for F-Squared remains
The embattled Wellesley, Mass.-based ETF manager filed Chapter 11 to make a sale contingent on transitioning its remaining $5 billion of managed assets
July 10, 2015 at 5:38 PM
Virtus bites bullets with F-Squared firing, Dorsey Wright hiring and an admission that it'll likely pay a $5-million-plus SEC settlement
The Hartford fund company set aside $5.2 million, warned it may need more and is replacing interstellar algorithms with a Virginian's figurings
May 21, 2015 at 6:13 PM
In reply to SEC, Howard Present blames bad advice for any alleged wrongdoing
The F-Squared founder cries foul for what the SEC calls fraud
March 24, 2015 at 10:49 PM
Where Virtus stands after F-Squared seemingly led it astray, to mutual benefit
The Hartford, Conn. firm is raising no alarms with investors but a handful of Virtus ex-employees are expressing confusion about how it all went down
February 9, 2015 at 8:58 PM
How Howard Present parlayed an intern's algorithm into a small fortune -- and when the SEC says he knew of a mega-disconnect
The SEC alleges that the former F-Squared CEO engaged in a massive cover-up with lies, and the fabrication related to faulty backtesting
January 6, 2015 at 6:20 PM
Following serious questions about how it calculated returns, F-Squared hires a new CEO after the old one leaves
On a short Raymond James, RBC and Wells Fargo leash, the biggest ETF manager in the industry with $28 billion loses Howard Present and brings up Laura Dagan from its board of directors
