President Trump and his alli love to talk about the importance of merits, a merit-based immigration system, a merit-based college admission COMPETITION SYSTEM, A MERIT- BASED WORKFORCE. BUT AS WE ALWAYS REMIND YOU, LOOK AT WHAT THEY DO, NOT WHAT THEY SAY BECAUSE MERIT DOES NOT APPEAR TO BE THE TOP CONSIDERATION FOR DONALD TRUMP'S OWN CABINET. A NEW REPORT FROM CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGTON FOUND THAT 20 OUT OF 23 OF THE PRESIDENT'S CABINET MEMBERS HAVE GIVEN TENS OF MILLIONS OF DOLLAR ...

Core Viewpoint - The SEC has charged three advisors for selling unregistered oil and gas securities without disclosing conflicts of interest, with one advisor soliciting clients through a radio show [1][2]. Group 1: Individuals Involved - Charles D. Oliver, a Florida-based licensed insurance agent, sold approximately $52 million in investments to around 50 retail investors between 2020 and 2021, while failing to disclose his compensation of about $4.3 million from these sales [4][5]. - David Ortiz, based in California, marketed and sold roughly $18 million of the risky investments to around 20 retail investors, utilizing mass marketing tactics including radio commercials and workshops [8]. - Kevin Richards, also from California, sold about $12 million in Resolute's oil and gas securities through his entities, earning approximately $618,794 in transaction-based compensation without disclosing this to clients [6][7]. Group 2: Investment Vehicles and Methods - The securities were sold through offerings sponsored by Resolute Capital Partners and Homebound Resources, with Resolute creating the investment vehicles and Homebound acting as the project sponsor [3]. - Oliver became a referral agent for Resolute's vehicles via Beacon Global, despite being prohibited from sales activities, and used his radio show to solicit investors [4]. - Richards and Ortiz also employed various marketing strategies, including networking events and local media, to promote the oil and gas investments [6][8].

Deutsche Bank will pay $2.5 million to resolve an industry regulator’s allegations that it failed to properly disclose conflicts of interest in debt and equity research reports https://t.co/kR2oB6fJoK ...

Group 1 - Global Partners has filed a lawsuit against the Massachusetts Department of Transportation (MassDOT) for allegedly violating the Massachusetts Public Records Law regarding a $750 million deal with Applegreen [3][4] - The lawsuit claims that state official Scott Bosworth had improper communications and undisclosed personal relationships with Applegreen's bid team, which may have influenced MassDOT's decision [4][5] - Global Partners is seeking a court order to prevent MassDOT from finalizing its deal with Applegreen, arguing that the agreement is compromised by illicit communications and conflicts of interest [5] Group 2 - Applegreen's deal with MassDOT involves the redevelopment and operation of 18 state highway service plazas, which would enhance Applegreen's presence in the U.S. market over the next 35 years [5]

Peter Mandelson’s advisory firm Global Counsel allowed the risk of conflicts of interest to persist for months after he was appointed Britain’s ambassador to the US because the loss-making company was unable to buy out his multimillion pound stake https://t.co/2thezX4VOm ...

Well… is it good for someone with no experience in allocating capital to suddenly be put in charge of allocating billions?Also, it’s not clear that career politicians actually have less in the way of conflicts-of-interest than businessmen. Career politicos have many interest groups to propitiate.vasanth (@NextVasanth):@balajis isn’t the implicit point that political billionaires are not professional capital allocators, so they would allocate their budget based on a different set of principles (not maximizin ...