Jeff Eberwein CEO, COB of Hudson Global traded $HSON is buying shares hand over fist see Form 4s | NOVC Message Board Posts


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Msg  157372 of 157744  at  8/12/2022 8:32:19 AM  by

poolblue3


 In response to msg 157370 by  n-tres-ted
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Re: Jeff Eberwein CEO, COB of Hudson Global traded $HSON is buying shares hand over fist see Form 4s

Answer because Novation Co $NOVC Board of Directors Chairman Barry Igdaloff, the real master mind per leading MREIT Analyst, Howard Amster are in bed with $NOVC only Note Holders Fortress/EJF Capital ID hidden behind CDOs Taberna I & II/Kodiak CDOI. They are also in bed with Jeff Eberwein, CEO/COB of Hudson Global $HSON, Chuck Gillman, David Pointer, Lee Keddie, Tim Eriksen & Robert Pearse who have driven $NOVC share price to below one cent while taking 16M RSUs at pennies 10% of NOVC 116.1M shares outstanding dilute. This there is no doubt.
 
It should be obvious to all minority shareholders that these people have manipulated $NOVC by FUD fear, uncertainty and disinformation withholding information so as to suppress the share price while they buy at attractive share prices (aka if this is not insider trading I do not know what is?). Read it in black and white https://www.sec.gov/litigation/admin/2017/34-80038.pdf
 
Motive the above investors NOVC Board of Directors past and present drive share price to below one cent then give related investors NOVC only Sr Debt holders Fortress/EJF Capital 31.3M shares at below one cent then take for yourselves 16M RSU. If they do what they all have done before split NOVC into two tax free public companies this financial engineering picks up 10/share for MREIT and say 5/share for HCS and $HSON 700M in capital plus dividends for almost no cash invested in common or PS Series C (the vehicle used by Igdaloff and most of his cabal). The 2nd motive was delaying so Wesley Edens, Peter Briger Co CEOs/COBs at Fortress can once again hold Fortress check book and balance sheet. Per WSJ articles on Softbank it is only a matter of time before these Co CEOs execute the trade. Masa Son, CEO of Softbank is quoted yesterday in WSJ saying his is working on selling Fortress. Bloomberg 7/12/2022 reports Rajeev Misra Head of new 6B Hedge Fund of Abu Dhabi's -- Mubadala Investment co MIC is in talks to buy Fortress. You can bet Edens, Briger and ergo Barry Igdaloff, Howard Amster and their cabal that own at least 91M NOVC common including MassMutual and sub Barings are aid and abetting this delay. Why their is some understanding I believe it is a promise to join MassMutual Barings and probably Jefferies which still own 20M per 13D investing in NOVC Shelf Offering defined in Oct 2018 Proxy 14A SEC form, page 12 prices one NOVC common at 2.33/share. Question how can NOVC Board take 47M of their 91M common shares at pennies in light of this PS Series F self offering. Remember PS Series F has no coupon only the right to buy one NOVC common at 2.33/share precisely Mass Mutual and Barings cost basis on 19.3M shares. At 15 per share 91M are worth over $1.35B. Mass Mutual and Barings turn $48M (24M in common and 24M in PS Series C see 7/16/2007 8K filed by NOVC aka $NFI) into $300M (19.3 x 15). 
 
Further Information as to who we are dealing with Jeff Eberwein was fined again by SEC 

https://www.sec.gov/litigation/admin/2020/ia-5448.pdf

Violations 11. Section 206(3) of the Advisers Act prohibits an investment adviser from engaging in or effecting a transaction on behalf of a client while acting either as a principal for its own account, or as broker for a person other than the client, without disclosing in writing to the client, before the completion of the transaction, the adviser’s role in the transaction, and obtaining the client’s consent. 12. Section 206(4) and Rule 206(4)-7(a) thereunder, require, among other things, that investment advisers registered with the Commission adopt and implement written policies and procedures reasonably designed to prevent violations of the Advisers Act and the rules promulgated thereunder. 13. As a result of the conduct described above, Lone Star willfully violated, and Eberwein caused Lone Star’s violations of, Sections 206(3) and 206(4) of the Advisers Act and Rule 206(4)-7. 4 IV. In view of the foregoing, the Commission deems it appropriate, in the public interest to impose the sanctions agreed to in Respondents’ Offers. Accordingly, pursuant to Sections 203(e) and 203(k) of the Advisers Act, it is hereby ORDERED that: A. Respondents cease and desist from committing or causing any violations and any future violations of Sections 206(3) and 206(4), and Rule 206(4)-7 promulgated thereunder. B. Lone Star is censured. C. Respondent Lone Star shall pay a civil money penalty in the amount of $100,000 to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, subject to Exchange Act Section 21F(g)(3). Payment by Respondent Lone Star shall be made in the following installments: (1) $25,000 within 21 days of the entry of this Order; (2) $25,000 within 180 days of the entry of this Order; (3) $25,000 within 270 days of entry of this Order; and (4) $25,000 within 360 days of entry of this Order. If timely payments are not made, additional interest shall accrue pursuant to 31 U.S.C. §3717. Prior to making the final payment set forth herein, Respondent Lone Star shall contact the staff of the Commission for the amount due. If Respondent Lone Star fails to make any payment by the date agreed and/or in the amount agreed according to the schedule set forth above, all outstanding payments under this Order, including post-order interest, minus any payments made, shall become due and payable immediately at the discretion of the staff of the Commission without further application to the Commission. D. Respondent Eberwein shall pay a civil money penalty in the amount of $25,000 for transfer to the general fund of the United States Treasury, subject to Exchange Act Section 21F(g)(3). Payment by Respondent Eberwein shall be made in the following installments: (1) $6,250 within 21 days of the entry of this Order; (2) $6,250 within 180 days of the entry of this Order; (3) $6,250 within 270 days of entry of this Order; and (4) $6,250 within 360 days of entry of this Order. If timely payments are not made, additional interest shall accrue pursuant to 31 U.S.C. §3717. Prior to making the final payment set forth herein, Respondent Eberwein shall contact the staff of the Commission for the amount due. If Respondent Eberwein fails to make any payment by the date agreed and/or in the amount agreed according to the schedule set forth above, all outstanding payments under this Order, including post-order interest, minus any payments made, shall become due and payable immediately at the discretion of the staff of the Commission without further application to the Commission. E. Payments must be made in one of the following ways: 5 (1) Respondents may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request; (2) Respondents may make direct payment from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm; or (3) Respondents may pay by certified check, bank cashier’s check, or United States postal money order, made payable to the Securities and Exchange Commission and hand-delivered or mailed to: Enterprise Services Center Accounts Receivable Branch HQ Bldg., Room 181, AMZ-341 6500 South MacArthur Boulevard Oklahoma City, OK 73169 Payments by check or money order must be accompanied by a cover letter identifying Lone Star or Eberwein as a Respondent in these proceedings, and the file number of these proceedings; a copy of the cover letter and check or money order must be sent to Glenn S. Gordon, Associate Regional Director, Miami Regional Office, Securities and Exchange Commission, 801 Brickell Avenue, Suite 1950, Miami, FL 33131. F. Amounts ordered to be paid as civil money penalties pursuant to this Order shall be treated as penalties paid to the government for all purposes, including all tax purposes. To preserve the deterrent effect of the civil penalty, Respondents agree that in any Related Investor Action, Respondents shall not argue that Respondents are entitled to, nor shall Respondents benefit by, offset or reduction of any award of compensatory damages by the amount of any part of Respondents’ payment of civil penalties in this action (“Penalty Offset”). If the court in any Related Investor Action grants such a Penalty Offset, Respondents agrees that they shall, within 30 days after entry of a final order granting the Penalty Offset, notify the Commission's counsel in this action and pay the amount of the Penalty Offset to the Securities and Exchange Commission. Such a payment shall not be deemed an additional civil penalty and shall not be deemed to change the amount of the civil penalty imposed in this proceeding. For purposes of this paragraph, a “Related Investor Action” means a private damages action brought against Respondent by or on behalf of one or more investors based on substantially the same facts as alleged in the Order instituted by the Commission in this proceeding. V. It is further Ordered that, solely for purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the findings in this Order are true and admitted by Respondent Eberwein, and further, any debt for disgorgement, prejudgment interest, civil penalty or other amounts due by Respondent Eberwein under this Order or any other judgment, order, consent order, decree or settlement agreement entered in connection with this proceeding, is a debt 6 for the violation by Respondent Eberwein of the federal securities laws or any regulation or order issued under such laws, as set forth in Section 523(a)(19) of the Bankruptcy Code, 11 U.S.C. §523(a)(19). By the Commission. Vanessa A. Countryman Secretary

https://www.jackolg.com/blog/lone-star-value-management-firm-and-founder/

Lone Star Value Management Firm and Founder Pay to Settle SEC Disclosure Charges

APRIL 15, 2020 BY

Lone Star Value Management LLC (“Lone Star”) and its owner Jeffrey Eberwein settled with the Securities and Exchange Commission (“SEC”) over charges that it executed 21 trades without disclosing they were principal trades.

Lone Star operated as an exempt reporting adviser in Connecticut. Mr. Eberwein launched the Investors Fund in 2013 with $35 million of his own money then recruited 39 investors over the next year. In 2014, he created the Co-Invest II Fund, receiving funds from approximately 19 investors.

The SEC Order states that Lone Star and Mr. Eberwein, as its founder, CEO and sole portfolio manager, effected 19 cross trades between the two funds during the period between August and November 2014. Specifically, the SEC stated that because Mr. Eberwein consistently owned more than 35% of the Investors Fund, the trades between the funds were principal trades. It alleged that Lone Star failed to disclose in writing the trades and the related conflicts of interest issues, thereby failing to secure the consent of the clients prior to the trades.

In March 2015, Lone Star registered with the SEC as a non-exempt investment adviser (and, in April 2018, withdrew from registration).

The SEC Order further states that while still acting as principal, Lone Star completed two trades between the Investors Fund and a separately managed account advised by Lone Star in June 2015, without disclosing or obtaining client consent.

Section 206(3) of the Advisers Act prohibits an investment adviser from “engaging in or effecting a transaction on behalf of a client while acting as a principal for its own account, or as a broker for a person other than the client,” without disclosing its role in the transaction to the client in writing before the transaction is completed.

Section 206(4) and Rule 206(4)-7 of the Adviser’s Act further require that investment advisers implement written policies and procedures to prevent violations, including disclosure violations. Though Lone Star’s written policies and procedures did address principal trades and require the firm to disclose to clients in writing and obtain their approvals when it was executing principal trades, the SEC alleged that the policy was not implemented.

To settle the charges, Lone Star agreed to a cease and desist order, a $100,000 fine, and a censure. Mr. Eberwein will also personally pay $25,000.

Read the full SEC Order.

Does Your Firm Properly Disclose Conflicts of Interest?

The SEC has shown commitment to protecting the retail investors, setting disclosure of conflicts of interest as one of its highest priorities. Regulatory actions have been frequently brought against firms that do not properly disclose potential or actual conflicts of interest to its investors. Firm compliance officers must be aware of all relationships of its advisers and both completely and accurately describe disclosures on the firm’s form ADV and other client documents. These documents must be updated as circumstances and relationships materially change.

Let Our Experience Work for You

Jacko Law Group can help your firm avoid similar regulatory actions. Our team of attorneys can help your firm to identify and disclose conflicts of interest, create policies and procedures to address the firm’s disclosures and further review firm documents.

There are common disclosures that firms overlook or fail to identify, and our team of attorneys will use our extensive experience to ask detailed questions designed to determine if all business activities, relationships and holdings have been accurately and completely disclosed.

Contact Jacko Law Group today at 619-298-2880.



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157376 Re: Jeff Eberwein CEO, COB of Hudson Global traded $HSON is buying shares hand over fist see Form 4s mcspazm 2 8/12/2022 10:06:17 AM




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