As her broker and presumably with access to all her trades, one would have thought that Sosnoff would have checked out her claims before allowing her to be interviewed by him! A few piles of egg on his face now!
As her broker and presumably with access to all her trades, one would have thought that Sosnoff would have checked out her claims before allowing her to be interviewed by him! A few piles of egg on his face now!
Interesting, I understood he was her broker at Think or Swim and possibly said close when he sold to Amritrade and then TDW, but I stand corrected if that wasn't the case. Can you enlighten us?
"For example, in October of 2014, Hope experienced massive trading losses as a result of volatility in the market. The HI Fund and the HDB Fund collectively ended the month with unrealized losses of approximately $100 million, most of which resulted from the October trading losses. Nevertheless, Hope reported to investors that the Funds had millions of dollars’ worth of “realized” gains in October and collected incentive fees of more than $600,000."