Big Brown Owner Fined by NASD
 

Big Brown Owner, Fined by NASD, Plans $100 Million Hedge Fund
2008-05-28 14:15 (New York)

By David Evans

http://www.bloomberg.com/apps/news?p...IJ0&refer=home

May 28 (Bloomberg) -- Michael Iavarone, owner of Triple
Crown contender Big Brown, was fined, censured and suspended by
securities regulators for unauthorized trades in 1999.


PROVIDE LINKS.. NO FULL REPRINT OF COPYRIGHT MATERIALS PLEASE..

Hossy had no part of this.

Hossy rolls with LIEAH?

Here is the link. This stuff is hilarious. He is basically a guy like the guys in the movie boiler room. He cons people out of their retirement money.

My favorite line was

Iavarone said an imposter was responsible. ``There was no bad check ever written,'' he said. ``Somebody took out a marker in my name, illegally.''

http://www.bloomberg.com/apps/news?p...IJ0&refer=home

Didn't I write about this yesterday???

http://www.derbytrail.com/forums/sho...1&postcount=27

This guy is a real winner. I don't like the owner, trainer, or jockey. But the horse is still an incredible animal.

If this horse loses I will believe in the racing gods. If he wins it would be hard for me to believe the racing gods game a TC winner to this group.

He is as likable as Curlins owners...

Current or former?

Probably the ones in jail. :)

Yes, I should have stipulated that.. The Phen Phen gang...

Every single one of those hedge funds are as crooked as a three dollar bill. They're unregulated and totally crooked.... but that hoss is outstanding!!

Every single one?

Got any facts to back up this silliness?

LOL @ Pants. Bensonhurst every weekend.

This is pretty ridiculous ... are you in the industry?

every one that I've looked into... which is a ton of them (been investor for years and have many relatives in the industry).

If you know one on the up-and-up... I'll gladly tip my hat to them.... never seen one though.

This post is absolutely nuts.. Most hedge funds are run by brilliantly successful people who make their investors a very satisfactory return. Trust me if racing horses was 1/10 as straightforward and successful as MOST hedgefunds racing would be flourishing. The reason why Hedge fund investing is growing in popularity is because most (probably 75 to 80%) earn a profit each year.

You are an idiot.

It's kinda like saying all Irish are drunks ? A ridiculous assumption/generalization.


Name some of the funds you looked into?

the more and more i read about this guy the less and less i like him
also, never been a fan of private sales either
but that horse can run
That photo reminds me of this (around the 2 minute mark)
http://www.youtube.com/watch?v=QRO3RJ9cYSo

-bt-