#equity trader

Here's the best and worst performing stocks in the DOW JONES year to date:

Patrick McKillop, a resident of Pembroke, has spent several years working in equity trading. While he was with Rodman & Renshaw, he executed trades in equity securities on the NASDAQ and NYSE markets. He also dealt with equity valuation while he was with Summer Street Research Partners. He has a lot of experience with equity and has a two decades long career in finance.

If you love finance and want to become an equity trader, there is a specific path you should follow. Your first step is to earn an education. You will need a bachelor’s degree in business, finance, economics, or another related field. You should look for schools that have a strong business program. Once you earn your undergraduate degree, you should consider going to graduate school. A master’s degree is not required, however, you may be able to advance your career quickly if you have an advanced degree.

Some employers also require equity traders to have one or more securities licenses from the National Association of Securities Dealers (NASD). The most common licenses are the Series 7, Series 55, and Series 63 licenses. If you want to be a successful equity trader, it may be a good idea to obtain one or more of these licenses.

Your next step will be to gain experience. You should seriously consider interning with a financial firm while you are a student, this could lead to a future job offer, and it will give you some of the experience you need. Patrick Mckillop Pembroke is a skilled financial expert and is highly knowledgeable about equity valuation and trading.

New Post has been published on http://www.therakyatpost.com/business/2014/02/01/new-york-private-equity-manager-firm-charged-with-rm30-million-theft/

New York private equity manager, firm charged with RM30 million theft

The US Securities and Exchange Commission has frozen the assets of Lawrence E. Penn and his firm, Camelot Acquisitions Secondary Opportunity Management. — Reuters pic[/caption]

NEW YORK

The US Securities and Exchange Commission (SEC) announced on Thursday it has charged a New York private equity manager and his firm with stealing more than US$9 million (RM30 million) from fund investors.

The government has frozen the assets of Lawrence E. Penn and his firm, Camelot Acquisitions Secondary Opportunity Management, another individual and three entities that may be related to the theft, according to an SEC release.

The SEC alleged that Penn used about US$9 million from the fund to pay fake fees to Ssecurion, a company controlled by his longtime acquaintance, San Francisco-based Altura S. Ewers, who would then kick the money back to companies and accounts controlled by Penn.

Penn used the funds to rent luxury office space and pay commissions to third parties to secure investments from pension funds, according to the release.

Camelot’s auditors began to become suspicious of the fees last year after Penn and Ewers lied and forged documents in order to cover up their scheme, according to the SEC.

“Penn held himself out as an ultra-sophisticated and well-connected investor in the private equity world,” Andrew M. Calamari, the director of the SEC’s New York regional office said in a statement. “Behind the scenes, Penn disregarded his obligations to the fund’s investors and treated their assets as his own personal and professional slush fund.”

A Camelot representative was unavailable to comment on the SEC charges. Contact information for Penn and Ewers was not readily available.

The SEC’s complaint, which was filed in a federal court in New York, charges Penn, two Camelot entities, Ewers and Ssecurion with violating US securities laws. It seeks the disgorgement of ill-gotten gains with interest and applicable penalties.