Mississippi Business Journal » investor

Bank prices initial public offering at $24 per share

MBJ Staff — Mon, 13 May 2013 11:32:54 +0000

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...]

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SEC finally releases Morgan Keegan settlement plan

MBJ Staff — Tue, 23 Apr 2013 12:18:56 +0000

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 [...]

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Grand jury indicts man accused of bilking investors

Associated Press — Fri, 01 Mar 2013 13:29:58 +0000

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, [...]

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Former investors sue over fraudulent biodiesel company

Associated Press — Wed, 27 Feb 2013 18:01:07 +0000

PONTOTOC — Two former investors in a biodiesel operation in north Mississippi have sued a Tennessee partner alleging they were duped into getting involved in a scam that defrauded a federal subsidy program. The Northeast Mississippi Daily Journal reports W. Tommy Tacker II and Janey Tyner, both of Martin, Tenn., are seeking compensatory and punitive [...]

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Woman sentenced for bilking investors for bogus businesses

Associated Press — Tue, 29 Jan 2013 12:37:03 +0000

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 [...]

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Settlement checks coming, but Hosemann ‘disappointed’ in SEC

MBJ Staff — Fri, 02 Nov 2012 17:17:11 +0000

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 [...]

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Hancock Holding launches new investment fund

MBJ Staff — Wed, 26 Sep 2012 17:06:47 +0000

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 [...]

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Lawmakers urging SEC to appeal decision over Stanford victims’ compensation

MBJ Staff — Fri, 03 Aug 2012 13:57:22 +0000

WASHINGTON, D.C. — Sen. Thad Cochran (R-Miss.) is supporting a legal appeal to try to overturn a federal court ruling that would deny compensation to victims of the multi-billion fraud perpetrated by the Stanford Financial Group. Cochran is one of 14 senators who have signed a letter encouraging Mary Schapiro, chairwoman of the Securities and [...]

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Hardy Reed makes magazine’s national ranking of RIAs

MBJ Staff — Wed, 25 Jul 2012 11:39:28 +0000

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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Chain Electric Co. sold to Texas investor

Associated Press — Fri, 13 Jul 2012 12:50:46 +0000

HATTIESBURG — One of Mississippi’s oldest family owned companies has taken on an investor from outside the state. Bobby L. Chain, chairman of Chain Electric Co., tells the Hattiesburg American his family will remain at the helm of the 57-year-old company based in Hattiesburg. Chain says as a result of the mid-June “recapitalization,” the controlling [...]

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