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lol! "Hope" is not a strategy. :D

There's probably a lot more complexities to the story outside of the public realm. We'll just have to see how it plays out. My guess is it will eventually become old news as another scam gets discovered and makes the headlines. It just shows, however, that if you're running OPM, you're going...

Don't bet on a criminal prosecution, however anything is possible. I'm not sure either regarding the clients going after her in a civil suit. According to the complaint, the SEC just wants money, and her investors will probably make claims from the restitution fund. Ya, I see your point...

I haven't read that story. Do you have a link/source? That sure seems like a hefty referral fee, and it would probably have to be disclosed somewhere. Even if someone did open an account after watching TT, their disclaimers clearly state that it's an educational site and NOT financial advice.

Agreed, the SEC isn't likely going to forward the case to the U.S. Attorney for criminal prosecution. Other than permanently barring her from further securities violations, The SEC is asking for relief through monetary penalties. (See complaint at page 32 and 33). "Order Defendants and the...

You are actually correct. IF you were a superstar and bought on the LOW TICK on 2009 and sold on the HIGH tick on 2015, yes, it's almost a 20 bagger, or close to a 2,000% return. But hindsight is 20/20. The price chart will factor in the SPLIT, and it did in fact split 2 for 1 in 2013 as...

The writer has 30 years of options trading experience and was head of Risk Management on the ICE exchange. According to the article, the writer claims the following: "It is likely that these substantial losses may have caused her to respond with deceptive trading practices. She may have made a...

In fact, USLV has already done a reverse split, "1 for 10" as described below: "NEW YORK, Aug. 22, 2013 /PRNewswire/ -- Credit Suisse AG announced today that effective August 30, 2013, it will implement 1-for-10 reverse splits of its VelocityShares™ Daily 2x VIX Short Term ETN ("TVIX"), Daily...

These leveraged ETFs have tremendous decay, so they routinely do a REVERSE SPLIT. This means if it's trading at say 5 bucks and they do a "1 for 10" reverse split, the price jumps to 50, BUT the float gets reduced by 90%. So if you had 100 shares at $5, you would then have TEN shares at $50...

USLV is an ETN (exchange traded note) and states the following in the prospectus: "The ETNs are intended to be daily trading tools for sophisticated investors to manage daily trading risks. They are designed to achieve their stated investment objectives on a daily basis, but their performance...

What I've found is that unless you are in the sweet spot of a triple leveraged ETFs run (usually just after a reverse split), it's really not worth holding beyond a day, or perhaps a few days/weeks for a swing trade. These are DAY TRADING vehicles. Where do you get those return metrics for...

Good points. It turns out, TT is actually owned by Dough, Inc. From tastytrade.com: Tom Sosnoff and Kristi Ross are the co-CEOs of dough, Inc., which includes tastytrade and dough.com. dough’s platform was built by the world-class technology team behind thinkorswim, which was sold to TD...

You're right, they have advisors. However, it's the investor who was given the PPM and signed off on it, not the advisor. Apparently, "Investor A" claims he didn't understand the accounting. From the complaint, paragraph 52: "Investor A understood that Hope was taking a 20% share of monthly...

The trades only became fraudulent because she designed them to specifically collect the incentive fee even though she hadn't passed the high water mark. The spread sheet designed by her employees will probably be used at trial as a key piece of evidence. The complaint at paragraph 16 says her...

If her plan was to make money the "old fashioned way" then she wouldn't have booked the premium as a gain to collect the incentive fees. She FIRST had to beat the high water mark, but she was in a draw, and simply didn't recover. She can't say "my intention to defraud is genuine because I'm...

I would not be surprised if any of the investors will try to sue TD Ameritrade for promoting her services and putting her on a pedestal for so many years.

Yes, they may be naive, however if they spread out their investments over various funds, various asset classes, some do just fine. That doesn't mean they won't get taken. The complaint's focal point is regarding high water mark, disclosure, and the ability to generate an incentive fee with...

The SEC doesn't care whether it made sense or not, or whether she "counted on making money." They don't give a rat's ass if you win or lose, it's all about disclosure as I mentioned. Think about it, you make incentive fees, then place them in a TAX EXEMPT charity, which then invests back into...

No, what's laughable is the high net worth accredited investor who doesn't seem to understand this, yet forks over a minimum $250,000 to invest in her fund. It has nothing to do with people on ET.

Ok, yes, that's correct. The function of the "scheme trades" was to create the illusion that she was owed her 20% fees. My guess is the SEC will make this a focal point of the trial.