Posts Tagged ‘investment’

SEC finally releases Morgan Keegan settlement plan

JACKSON — After repeated requests, the Securities and Exchange Commission has finally announced the proposed plan to distribute Morgan Keegan settlement funds to Mississippi investors, according to the Office of Secretary of State. “For two years, the SEC ignored the pleas of investors to release this money. They desperately need their settlement funds,” says Secretary […] [...]

Grand jury indicts man accused of bilking investors

BATON ROUGE, La. — A federal grand jury has indicted a Louisiana man on 18 counts of mail fraud for allegedly executing a $13-million investment fraud scheme. The Advocate reports U.S. Attorney Donald J. Cazayoux Jr. announced yesterday that 57-year-old James R. Holdman, of Baker, La., operated a hedge fund called Greenwing Capital Management, LLC, […] [...]

Woman sentenced for bilking investors for bogus businesses

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on […] [...]

City puts Magnolia Bluffs money in short-term CD

NATCHEZ — The Natchez Board of Aldermen is considering in motion to put the $350,000 the city recently received from Magnolia Bluffs Casino in a certificate of deposit. The Natchez Democrat reports Alderman Dan Dillard made a motion to put money into a short-term CD until the board could finalize a plan for the money. […] [...]

Attorney reports city’s investment showing returns

OXFORD — The $30-million investment that the city of Oxford made with money from the sale of a hospital in 2011 is paying off. Attorney Robert Paine with the Oxford Municipal Reserve and Trust Fund Committee reported the market value of the trust fund assets was over $31. 2 million. That is a gain of […] [...]

Settlement checks coming, but Hosemann ‘disappointed’ in SEC

ACROSS MISSISSIPPI — The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their states’ fund distribution checks will be mailed Nov. 5. A.B. Data, Ltd., as the fund administrator, will be mailing checks to all investors who filed an […] [...]

TVA’s pension fund shortfall affecting ratepayers

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John […] [...]

Investment company acquires JBHM Education Group

JACKSON — Weld North Holdings LLC, an investment company based in New York, has acquired a 100 percent interest in JBHM Education Group. The transaction closed in September. Terms of the agreement were not disclosed. Weld North intends to combine JBHM Education Group with recently acquired Editure Professional Development Inc. of New York, creating a […] [...]

Hancock Holding launches new investment fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be […] [...]

Hardy Reed makes magazine’s national ranking of RIAs

TUPELO — Hardy Reed, LLC was recently named a top 50 fastest-growing registered investment advisory firm in the U.S. by FA (Financial Advisor) magazine. Hardy Reed was listed as the nation’s 24th fastest growing RIA. FA’s 2012 RIA ranking is based on voluntary responses from 514 registered investment advisors who completed an online survey. The […] [...]

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