Word: returns
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...essence of my scheme was that I represented to clients and prospective clients who wished to open investment advisory and individual trading accounts with me that I would invest their money in shares of common stock, options and other securities of large well-known corporations, and upon request, would return to them their profits and principal. Those representations were false because for many years up and until I was arrested on December 11, 2008, I never invested those funds in the securities, as I had promised. Instead, those funds were deposited in a bank account at Chase Manhattan Bank. When...
...recession and this posed a problem for investments in the securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that those clients, like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients' expectations, at any cost. I therefore claimed that I employed an investment strategy I had developed, called a "split strike conversion strategy," to falsely give the appearance to clients that I had achieved the results I believed they expected...
Manufacturers can't count on a swift rebound once a recovery is in progress. Americans are starting to save more, and they may not return to their free-spending ways for years. "There is good reason to believe the capitulation of the American consumer has only just begun," said economist Stephen Roach, chairman of Morgan Stanley Asia. Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City, says the tigers can't expect to weather this recession by temporarily increasing government spending to boost growth until Western export markets recover. "The model where...
...help women re-enter the workforce: steer clear of the term part time. Use flexible hours instead. "Part time has a connotation of not full commitment," says Timothy Butler, who chairs the Harvard program, which cost attendees $5,000 apiece. Cheaper options include iRelaunch's $125 one-day return-to-work sessions around the country and its new $19.99 webinars. The first topic: What the heck is LinkedIn, and how can it be used as a job-search tool...
...that was commonplace in the 15th century. He claims that his interest in the subject originally “did not lie in material from the past, but in the heightened presentability of opened and mutilated bodies in close-up, in concert with political events—with the return of war in the everyday life of the European media.” While an appealing and quick read on the dark side of the Middle Ages, “Defaced” falls short of its goal: to provide a lens with which to understand the modern fascination with...