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mahatmakanejeeves

(67,863 posts)
6. Jacob Wohl, Grade-A brown noser. NT
Tue Oct 30, 2018, 09:12 AM
Oct 2018
Who Is Jacob Wohl? Registered letters in administrative case don't find the answer.

President Trump alone has succeeded in bringing the Stock Market, Small Business Index and Consumer Comfort to ALL TIME HIGHS!



Jacob Wohl, Facing August 7 Regulatory Hearing, Touts Trump Tweets

By Mark Melin on July 24, 2017 4:50 pm

Who Is Jacob Wohl? That is the question, but the answer is not so simple. ... As Jacob Wohl’s August 7 administrative hearing before the Arizona Corporation Commission (ACC) approaches, the 19-year old hedge fund boy wonder told ValueWalk he is up 7% year to date while operating yet another new strategy. He is also enamored with US President Donald Trump and his son Donald Trump Jr. retweeting him, a point he wants the world to recognize.
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Who Is Jacob Wohl? Registered letters in administrative case don’t find the answer

Wohl stands accused of “Fraud in Connection with the Offer or Sale of Securities,” according to ACC documents, as previously reported in ValueWalk. The National Futures Association had previously banned the teen from membership for life after an investigation into his promotional activities and surrounding charges he improperly handled investor assets.

On July 17, registered letters from the ACC regarding the trial were returned to sender. Wohl would not publicly say if he planned on attending nor would he comment on the trial other than to say the ACC has an old address. “Communication is functioning,” he said of his dialogue with the ACC. {Update 7/27/2017: Wohl says he has retained the law firm of Tiffany and Bosco, an Arizona law firm, to represent him.}

The ACC is currently involved in a matter involving Federal investigators. In an unrelated case, the ACC is reported to be part of a wider FBI investigation, but the details in the case would not be revealed to defense attorneys unless they promised to keep them confidential.

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He tries to get in the first response to Trump's tweets.

Jacob Wohl, The Teenage-Hedge Fund Manager, Has Been Ordered To Cease And Desist

Wayne Duggan
Benzinga March 6, 2017

Editor’s note: This story has been updated to reflect that Jacob Wohl and now-defunct Nex Capital were banned by the National Futures Association and to clarify the status of an administrative action brought by the Arizona Securities Commission.

Jacob Wohl, the 19-year-old “Wohl Of Wall Street” hedge fund manager, faces a pending action by the Arizona Securities Commission that accuses Wohl’s companies of violating the state’s securities laws.

The commission cites a number instances of alleged fraudulent activities by Wohl and his companies Wohl Capital Investment Group (WCIG), Nex Capital Management, LLC (NEX) and Montgomery Assets, Inc. (MAI) in the September 27, 2016, order. A hearing is scheduled for August 7, 2017, at the regulatory agency’s Phoenix office.

In response to the action from the Arizona Commission, Wohl told Benzinga in an emailed statement, "All of the allegations made by the Arizona Corporation Commission are based on false statements made by the disgruntled former investor to the commission, and are not supported by any of the documentary evidence in the case. The investor was a well heeled, accredited investor, and was provided with and signed all of the necessary risk disclosures."

Contents Of The Order

Among the 14 alleged counts of fraud in connection with the offer or sale of securities included in the cease and desist order are the following:

{snip}

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