|   
 | |
If this is your first visit, be sure to check out the FAQ by clicking the link above.
You may have to register before you can post: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below.
| | Harry Potter News Latest news and rumors about the Harry Potter world! | 
04-12-2008, 09:24 AM
| | |  Headstart Fund charged with bamboozling Potter tricks
The manager of a London-based hedge fund, Headstart Advisers, is facing legal action from the Securities and Exchange Commission (SEC), the U.S. financial regulator.
Najv Nasser is charged with illicitly trading shares in U.S. mutual funds. The SEC also alleges that subsidiaries with completely unrelated names were set up by the firm's employees in an attempt to conceal their indentities and to trick the U.S. mutual funds into accepting their trades. They claim that such subsidiaries were set up with names such as "Voldemort [sic] Ltd", as well as other less inventive names.
It is claimed that the fund manager has made over £100m by breaching market timing regulations and late trading between September of 1998 and September of 2003.
Representatives of the Headstart Fund have denied the charges.
Source: The Telegraph.co.uk
Confused?  Click here! | |
04-12-2008, 10:30 AM
|
#2 (permalink)
| | Chizpurfle
Join Date: Jan 2008 Location: Forks, With Edward.
Posts: 687
Hogwarts RPG Name:
Adalia Longbottom.
Third
Ministry RPG Name:
Harmony Black.
Magical Law Enforcement |
O_o
I don't get it. xD
__________________  | 
|  | |
04-12-2008, 10:58 AM
|
#3 (permalink)
|  Sneaky LuciusBowtruckle
Join Date: May 2007 Location: With the other Death
Posts: 256
Hogwarts RPG Name:
Hannah Wheatley
|
Nither do I
__________________  *sighs*
| |
| | |
04-12-2008, 11:08 AM
|
#4 (permalink)
| | Kneazle
Join Date: Oct 2006 Location: hiding under a hat..
Posts: 3,006
| Tonks' Gum Chewer Twins' Extra Ear
Some guys was trading shares when he wasn't allowed to. I think he says that he set up a business and called it "Voldemort LTD" so that it would be legal. But he's probably lying.
__________________   s Lari
| |
| | |
04-12-2008, 11:31 AM
|
#5 (permalink)
|  Madam Malkin's Mod
Quill Editor Basilisk
Join Date: Jun 2004 Location: Azkaban
Posts: 47,615
Hogwarts RPG Name:
Garret Crocker
Fifth Year
Ministry RPG Name:
Getti Forde
| Nabs!Ama | | Honours Graduate
It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand.
| |
| | |
04-12-2008, 12:52 PM
|
#6 (permalink)
|  Portuguese ModeratorThestral
Join Date: Feb 2004 Location: Neverland
Posts: 39,861
Hogwarts RPG Name:
Melina Fay Roscoe
Fourth Year
Ministry RPG Name:
Amber Christine Thatcher
Minister's Office | Potter’s Princess A+ FangGirl
Oooh gotcha.
*pokes the dude hard*
__________________ Someday my prince will come, someday we'll meet again
And away to his castle we'll go to be happy forever, I know
Someday when my dreams come true | |
| | |
04-12-2008, 02:15 PM
|
#7 (permalink)
| FC Mod & Sponsor
LC & TP Moderator
DP Journalist Runespoor
Join Date: Nov 2006 Location: Shrieking Shack
Posts: 31,876
Ministry RPG Name:
Cole Finnegan Parker
Daily Prophet | Mrs. Macmillan SS Featured Author
Tut, tut. Such a stupid move to make.  | |
| | |
04-12-2008, 02:25 PM
|
#8 (permalink)
| | Bicorn
Join Date: Sep 2007 Location: Spinner's End
Posts: 1,985
Hogwarts RPG Name:
Skye Wood
First Year
Ministry RPG Name:
Suzanna Ming
Magical Games & Sports | Chaos Creator Twins' Conscience
Wow. Shouldn't have done that now.
__________________  | |
| | |
04-12-2008, 02:42 PM
|
#9 (permalink)
| | Doxy
Join Date: Feb 2008 Location: Canada
Posts: 409
Hogwarts RPG Name:
Gwenavere
First Year |
Wow,that's insane!!!!!
| |
| | |
04-12-2008, 04:44 PM
|
#10 (permalink)
| | Plimpy
Join Date: Mar 2008 Location: In London with Matt
Posts: 1,123
Hogwarts RPG Name:
Heidi Sparks
Second Year | Lion Pride
 Very well put Nabiya! Shame on them for using the names as well.
| |
| | |
04-12-2008, 06:01 PM
|
#11 (permalink)
| | Chizpurfle
Join Date: Jan 2008 Location: Forks, With Edward.
Posts: 687
Hogwarts RPG Name:
Adalia Longbottom.
Third
Ministry RPG Name:
Harmony Black.
Magical Law Enforcement |
Quote:
Originally Posted by Nabiya  It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. Thanks. I think I can get it now. :]
__________________ | |
| | |
04-12-2008, 06:26 PM
|
#12 (permalink)
| | Griffin
Join Date: Jun 2007 Location: in the TARDIS
Posts: 9,175
Hogwarts RPG Name:
Jack Harkness Jones, Jr.
Sixth Year  x11
Ministry RPG Name:
Available
Special Ops | SS Senile Senior
Quote:
Originally Posted by Nabiya It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. On top of that, they could sell to each other, artificially raising the price of the stock so that real investors ar paying much more than it's really worth and then reaping a windfall profit. When they sell off all their stock the price plummets and the real investors lose.
| |
| | |
04-12-2008, 07:07 PM
|
#13 (permalink)
| Ministry/DA RPG Mod
SS Quill Journalist Dragon
Join Date: Nov 2007 Location: Over the rainbow
Posts: 20,171
Hogwarts RPG Name:
LouAnn Purple
Fifth Year
Ministry RPG Name:
Bella Montez Greingoth
Magical Transportation | Hermione's Double Coocoo for Canna
The nerve of some people...
| |
| | |
04-12-2008, 10:38 PM
|
#14 (permalink)
|  HEFC Co-PresLeprechaun
Join Date: Aug 2007 Location: Cloud 9,000
Posts: 19,527
Hogwarts RPG Name:
Winnie Ferguson
Fifth Year | *snortles*
....Bwahahahahaaaa Caught in the act! Crrrrime doesn't pay  Quote:
Originally Posted by Nabiya It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. Wonderful explanation, Nabs! *applauds* 
__________________ 
Many happy returns yo <3 | |
| | |
04-13-2008, 01:33 AM
|
#15 (permalink)
| | Puffskein
Join Date: Feb 2008 Location: Philadelphia, PA
Posts: 162
Hogwarts RPG Name:
Lily Silvanus
|
What a stupid idea
| |
| | |
04-13-2008, 02:05 AM
|
#16 (permalink)
| TFFC Games Officer
DMFC Games Officer Bicorn
Join Date: Jul 2006 Location: under Tom's bed.
Posts: 1,723
|
They used a name as Voldemort. Lol.
| |
| | |
04-13-2008, 05:11 AM
|
#17 (permalink)
| | Clabbert
Join Date: Sep 2007 Location: Vacaville, Ca
Posts: 2,589
Hogwarts RPG Name:
Elizabeth Snape
Graduated
Ministry RPG Name:
Department of mysteries planet room
|
how could he do something like that? theres always two sides to every story.
__________________
Half Blood Prince | |
| | |
04-13-2008, 12:07 PM
|
#18 (permalink)
| | Giant Squid
Join Date: Feb 2006 Location: In a pineapple. <3
Posts: 18,166
Hogwarts RPG Name:
Terry Saunders
Seventh Year | G1GGL3R! *giggles* My GarBear
Lol, I don't get this either. 
__________________ Can't you see I beg and plead?___________________
________________'Cause when your eyes light up the skies at night.
♥___________________I know you're gonna find your way back to me. | |
| | |
04-13-2008, 12:38 PM
|
#19 (permalink)
| George's Ear Mooncalf
Join Date: Jun 2007 Location: Southampton/England
Posts: 528
Hogwarts RPG Name:
Narisa Carter
First Year |
Okay, call me thick, but I've read all the explanations and I STILL don't get it o.O sorry.
| |
| | |
04-13-2008, 05:26 PM
|
#20 (permalink)
| Formerly: Linda Hagrid DAFC VIP /A&MFC G.O.
DP Photojournalist
Yearbook WriterChimaera
Join Date: Sep 2006
Posts: 7,015
Hogwarts RPG Name:
Atticus Cornridge
Second Year  x1
Ministry RPG Name:
Arjuna Dilini Fonseka
Daily Prophet |
| 
| | |
04-13-2008, 05:33 PM
|
#21 (permalink)
| | Ashwinder
Join Date: Mar 2008 Location: Denmark..
Posts: 1,607
Hogwarts RPG Name:
Ashley Noir
Fourth Year
Ministry RPG Name:
Sorena Evans Malietta
Department of Mysteries |
Madness! O.o | |
| | |
04-13-2008, 06:25 PM
|
#22 (permalink)
| | Jarvey
Join Date: Dec 2007 Location: in the deep blue sea
Posts: 148
Fourth |
cheaters never win!!!
how stupid can you get?
| |
| | |
04-13-2008, 08:43 PM
|
#23 (permalink)
|
Hermione Co-President
Book Club Babe
SotS ChampionVampire
Join Date: Nov 2005 Location: Maryland
Posts: 11,293
Ministry RPG Name:
Jermey Jackston
Special Ops |
confused much
| |
| | |
04-13-2008, 09:14 PM
|
#24 (permalink)
| LPFC Pressie Runespoor
Join Date: Dec 2005 Location: Wangdoodleland.
Posts: 31,369
Hogwarts RPG Name:
Jude Alexander Maxwell
Fourth Year
Ministry RPG Name:
Aricca Jade "AJ" Silverstone
Magical Creatures | Russian Dancing Snake-Twin Jam Pony Rider
and they thought a name like Voldemort LTD wouldn't get caught and inspected???
wow. nerds. stupidest nerds ever. haha. glad they got caught.
__________________ ...........
EIGHTEEN
.....
Tookles and Ashlycan. You're just too jealous <333 | |
| | |
04-14-2008, 04:18 PM
|
#25 (permalink)
| Twins: U No Poo Ramora
Join Date: Mar 2008 Location: Neverland...
Posts: 399
Hogwarts RPG Name:
Peter Plumb Jnr
First Year
Ministry RPG Name:
Peter Plumb Snr
Department of Mysteries |
Good idea if you can get away with it i suppose... :-/
But did he really think no-one would notice??? | |
| | | Thread Tools | Search this Thread | | | | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is On
| | | All times are GMT. The time now is 11:22 AM. |
/thumb_DD10386.jpg)
Voldemort for evil 
