Securus Technologies recently released a scathing report that highlights the lack of integrity and highly unethical behavior by Global Tel Link an inmate communications provider. Securus plans to release a series of articles over the next six months that will bring to light many of the unethical acts of Global Tel Link in an effort to shame the company into acting in a more ethical manor.
The first of these reports is a summary of a report issued by the Louisiana Public Service Commission on January 21, 1998. This indicates a pattern unethical behavior that goes back nearly two decades at Global Tel Link.
The report by the Louisiana Public Service Commission brings to light the unethical behavior Global Tel Link while the company provided outbound call services for thousands of inmates incarcerated in Louisiana Department of Corrections facilities. Many of the actions committed by Global Tel Link in the 17 page report by Louisiana Public Service Commission will be listed below.
The report showed that Global Tel Link phones used by correctional institutions were programmed to add either 15 or 36 seconds to the length of each call. Global Tel Link programmed their phones to rate calls at a higher rate than what was permitted under the rate caps set by the Louisiana Public Service Commission.
Global Tel Link was also found to be artificially inflating charges to its customers by adding various sums of money to calls it processed after the calls were rated. Anther infraction Global Tel Link was found to be engaged in was the practice of double billing customers for calls. The report concluded that the taxpayers of Louisiana were overcharged $1,243,000 by Global Tel Link.
Securus Technologies hope to use these reports to shame Global Tel Link into acting with more integrity in the future. I for one hope they are successful in influencing Global Tel Link to change their behavior.
Securus Video Visitation – Everyday from Securus Technologies on Vimeo.
Will plays a big role in making a company successful, but there is an important factor that some startup companies forget, which is diligent research. Understand that giving potential customers information that is not easily found is a good way to go. Potential customers will immediately trust a business that they feel is looking out for them and giving them good information. But some small businesses have a hard time doing research because they have so many other things to worry about. This makes it imperative that small companies find experts to help them find the right research. One of the most renowned companies is the Midas Legacy.
The Midas Legacy is a research services company that has several experts on all kinds of subjects from wealth management to natural cures. In short, the team behind Midas Legacy is ready to tackle your needs no matter what they are.
One expert on the team has been eyed by financial experts as someone to look at. For one, he was able to predict the 10 percent rise of Toyota’s stock before they got that exact rise. This is the kind of foresight and expertise that a small business can expect from the Midas Legacy. Another expert has been noted to speak on natural remedies and foods before they became popular.
Read more: Working at The Midas Legacy
The reason this team is so effective is because they rely on information from more than just a simple internet research. The team is in touch with inside scoops or look through books and other publications that are simply not known on the internet. Keep in mind that some of the experts in this company are authors, journalists, investors, and advisors to successful entrepreneurs. All of this expertise is brought to small companies if they choose to trust the Midas Legacy.
Small companies can expect fresh, accurate, useful information from the Midas Legacy that will be helpful against competition. Not to mention that people respond well when they are presented with new information. It is important to note that the Midas Legacy also helps in other ways like planning retirement, calculating a renovation, planning an improvement, researching demographics, analyzing new trends, and any other research that an entrepreneur might need. The key is that the Midas Legacy is a team that will take care of all the research needs of a small company so that they will no longer have to worry about them.
Learn more about The Midas Legacy:
Sanjay Shah has the Business Background
Sanjay Shay is the Chief Executive Officer at Solo Capital. He is also the founder of this financial service company. He is indeed a qualified businessman who has a large impact on autism. Business and financial experience is on his side.
New Members of the Board
The PRNewswire has reported the story of the newest additions to the Board of Trustees for the charity Autism Rocks. This is an organization that is growing in every way. Autism Rocks is highly involved with raising awareness and donations for autism. Included in this is research for this disorder. The two new members that have been appointed are Pete and Will Best. Mr. Shah, the founder of Autism Rocks, is very familiar with the Best brothers. Shah has known these two since their university days. He holds the belief that both of them have the experience along with the professional skills to greatly add to the goal and mission of Autism, Rocks.
A Clear Understanding of Autism Rocks
Autism Rocks is an organization that is considered to be an invitation-only live concert charity. The idea of this is to raise awareness, ensure that research is in place, and obtain donations for Autism. This organization has grown all through the world. Autism Rocks is located and based in London. This lifelong disorder has the following characteristics:
* development difficulties of social relationships
* difficulties with communication skills
* the disorder affects one in 68 children on a yearly basis
Shanjay Shah is the Caring Founder
Shanjay Shah is the one who founded Autism Rocks. He founded this in the year 2014. He is an individual who fully participates in philanthropy. He had very personal reasons for starting and founding Autism Rocks. He has experienced first-hand the effects of autism. His son Nikhil had been diagnosed with autism. Mr. Shah saw the need for assistance for this affliction. There are many families who have children with this disorder. These are families who are in need of support. He felt a need to take action and play a role in assisting these families while providing funding for the research of this disorder. Solo Capital and Autism Rocks are priorities for Shanjay Shah. Business and philanthropy are intertwined in many ways.
Highland Capital Management is a Dallas-based investment firm that holds billions of dollars in assets from both private as well as from public institutes. The company has an estimation of around $20 billion of assets circulating within the firm. The leader of Highland Capital Management is James Dondero who holds over 30 years of experience within the investment industry. He founded Highland Capital Management in 1993 under the premise that the company would help both corporations as well as private individuals with credit-based solutions. The many individualized solutions as well as the results and expertise that this company provides is what has helped this company grow over the past 20 years.
In recent news, James Dondero has announced the new hiring of the president of institutional products. This new president will be Terry Jones and will directly work under James Dondero. Mr. Jones was chosen as a new leader for this sector due to his decades of experience within the financial services industry. Mr. Jones will be tasked specifically with leading discussions with strategic institutional allocates. The purpose of this will be to drive solutions that are oriented around business development. In addition to this, Mr. Jones will be optimizing Highland Capital Management’s risk management infrastructure. This will be done through assessing as well as mitigating potential risks.
Terry Jones has praised James Dondero for his current positive position in the market that can easily face the changing market dynamic. Mr. Jones also states that thanks to James Dondero, that company has experience, infrastructure, as well as great investment capabilities that create a positive result within the market cycle. In addition to this, the company also provides a transparency that is necessary for the client to understand both risk as well as opportunity within the investment industry. Terry Jones, as seen by James Dondero, has become a valuable asset to Highland Capital Management and will help secure the company even further into the future.
Highland Capital Management is an investment firm that was founded in 1993 by James Dondero and Mark Okada. Highland Capital has grown over the years in popularity due to the fact that it is one of the most experienced global alternative credit managers that offers great solutions to any customer. Highland Capital Management has a diversified client list that includes public pension plans, endowments, financial institutes and much more. The company’s wide range experience is what continues to grow their success.
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The long awaited return of Argentina to the European stock market is almost here. The country is returning with a huge sellout of $12 million which will cover all the debts the country has with a couple of creditors like Paul Singer. Highland Capital Management a hedge fund dealing with stock in different holdings is one of the firms that have made a promise through its co-founder James Dondero to buy Argentina’s securities. The country is undergoing reformation with its current president who is determined to make a huge come back to the stock market after the experienced period of debt by the poor management of the former president.
James Dondero says that once the lawyers are holding the case drop off the ban, the country will with time regain back its status like other American sovereign countries. Dondero seems to be running with optimism that most likely once the creditors are cleared off their debts there is a high probability of them getting back into partnership with Argentina. His hedge fund Highland Capital Management is one of the top holds of Argentina notes worth $4 billion. For the past six months, Jim says that the notes were able to help recover the firm partially from the losses made in the energy sector holdings.
Jims experience in the financial credit analysis industry warrants hi such a move. Apparently with his Highland Capital Management Dondero has always taken tough investments that are pressuring like niche products. Such investments have made his hedge fund obtain great success in the financial analysis industry. Jim founded Highland capital management in 1993 and was working as a credit manager back then with the American Express. His financial credit analysis career started after his graduation from the University of Virginia; he joined Morgan Guaranty Training Program and grew to be the most effective financial credit analyst.
Jim has also received financial certification in addition to his dual majors in accounting and finance. He is a certified CMA, CPA, and CFA analyst who has more than 30 years’ experience in the industry. He is also a financial advisor and chairperson at Nexbank and has been trusted to partner in more than 12 public and private institutions as a board member. His optimism certainly could lead Highland Capital Management to greater heights especially once Argentina makes the long-awaited comeback to the market. Jim has also been awarded recognitions for his products at Highland capital management especially the Collateralized Loan Obligation (CLO).
Sanjay Shah is the founder of Solo Capital, a famous boutique company that found in London. The company was started several years ago in a very small rented room that used to operate as the office. There were several new graduates operating as the employees of the newly opened company found in northern London. The small company was specialized in brokerage activities in the area. The company did very well, and in a short span of time, it was a big organization that could afford to build its own luxurious offices and also take over new companies. In September 2011, Solo Capital was incorporated, and things got better for the institution.
The organization has grown significantly since its formation and incorporation. Recently, it managed to acquire a very powerful company in London that focuses on natural resources. The company bought is known as Old Lane Park Capital. Before the acquisition took place, Old Lane Capital was continuously getting loses every passing year. It was difficult to run the day to day activities of the institution without help. Experts advised them to sell the company to a powerful company or maybe partner with another institution to make things better. Old Lane Park has improved its performance after the acquisition. Better revenue has been achieved, and the institution has a bright future under the new management.
Sanjay Shah was born to Kenyan parents. However, his parents moved from Kenya and settled in London. They were looking for greener pastures and a good place to raise their children. They settled in a good neighborhood in central London. Their children went to the best schools and lived a good life. Shah went to school and graduated as a medical doctor. He, however, did not like the idea of treating patients. He abandoned medicine, settling for another option. He became an accountant.
In his new career in the financial industry, Shah worked for several banks, all located in London. He would, however, have to spend a lot of time in the morning and afternoon traveling to his workstation, something he never liked. He would also be forced to spend many hours sited in the office by his employer. He did not like this idea, and this made him quite the job during the 2008 financial crisis that affected the finance sector tremendously. He, however, did not want any further employment, and he moved on to start his own brokerage company that has grown to become Solo capital. The company is one of the biggest in the country, and it is very popular all over the world. He has his offices in Dubai and London. The British millionaire is currently forty-three years, and he is already tired.
You can follow them on Linkedin.
James Dondero, a financial expert with many years of effective experience in the financial industry, founded the Highland Capital Management LP. It is a hedge fund located in Texas. James Dondero is the not only the founder but also the president of the company. He was at the University of Virginia whereby he graduated with a Bachelor of Science degree (B.S) in Commerce. He is a Chartered Financial Analyst as well and has a Certified Management Accountant designation.
On completion of his financial training program at JP Morgan, his career at American Express began. James worked for American Express from 1985 to 1989 as he rose his investment value to a net worth of approximately $1billion in fixed income funds. From American Express, he went to Protective Life’s GIC and became the Chief Investment Officer.
Finally, he co-founded Highland Capital that gained its fame when James Dondero formed the Collateralised Loan Obligation (CLO) to deal with private equity funds, hedge funds, institutional separate accounts, ETFs and REITs, which were his specialty.
On 03/02/2016, Highland Capital Management LP that was founded by James Dondero filed 13F in that quarter. The value of the portfolio according to the most recent news is $3.42billion which is a decrease of $1.49 in comparison to the previous records. The fact that this is the averagely quarter of the assets owned by Highland Capital Management LP leaves no room for ignorance. The approximate average of the entire worth of the company’s assets is valued at $15.04billion. In other words, the filing only represents 22.7% of the company’s assets. Additionally, the records do not showcase Highland Capital Management LP’s net worth or its shorts.
In the quarter mentioned, the company invested in 69new purchases. Some of the most substantial include$67.06million for SPDR S&P500 ETF, $23.35million for Amazon.com Inc., $17.24million for Danaher Corp Del, $17.73million for stakes available in Eagle Pharmaceuticals Inc. and $25.9million for Intracellular Therapies Inc. among other smaller significant purchases. All these purchases are strategic and intimated.
The hedge fund increased its incentives in several companies such as American Airls Group, Kinder Morgan Inc., Corning Inc., Salesforce Company Inc. as well as Patterson Companies Inc. To top it off, the fund managed to sell out all of its stakes in other companies. Without any particular reason. However, it is assumed that the sales were to add value, drive or to strategically position Highland Capital Management LP i a better financial state.
This article recapped http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/
On 3rd, February 2016, Jim Dondero’s Highland Capital Management (HCM) filed its quarterly with a portfolio valued at $3.42 billion. The filing only represents 22.73% of HCM assets that are listed in the United States. In that quarter, HCM made the following purchases Spdr S7P for $67.07 million, Amazon Inc for $23.35 million, Danaher Corp for $17.24 million, Intra Cellular Therapies Inc for $15.90 million and Eagle Pharmaceuticals for $17.73 million. Those are the top 5 biggest stocks totaling to 69 new stocks bought by James Dondero’s HCM.
Highland Capital Management also increased the value of its shares these quarter financial year. In the American Airls Group, they increased their stake by 60% to $204.25 million while in the Patterson Inc they purchased extra 16% at a value of $87.91. Other stakes that were raised include the Salesforce Inc by 18% to $54.85m, Corning Inc by 18% to $54.86 million and 173% of Kinder Morgan Inc at $5.38 million. Other smaller purchases include the Burlington Inc by 10.10% and Ldr Holding Corp by 68.98%.
The company is an investment adviser which is registered by SEC and together with the affiliates, HCM commands an asset value of approximately $21 billion. It was started by Jim Dondero as the founder and president in 1993. Its headquarters is located in Dallas, Texas with branches spread throughout the country. Jim has over 30 years in credit and equity markets, and his main focus lies solely on high yields and distressed investments. HCM is the pioneer in the improvement of Collateralized Loan Obligation (CLO) and in the development of credit oriented solutions that are practical in today’s world either in an institution or in retail investment.
James Dondero is also the head of the Cornerstone Healthcare, Nexbank and CCS Medical. He is also an active philanthropist supporting ingenuities in education, public policy, and veteran’s affairs. Before starting HCM, he worked for a GIC subsidiary. He began his career as an analyst in 1984 at the Morgan Guaranty training. Jim graduated top of his class from the University of Virginia with a degree in accounting and finance. He is also a holder of Certified Management Accountant (CMA) certificate and also the Chartered Financial Analyst (CFA) that helped him grow Highland Capital Management to great heights. Other achievements that Jim has achieved include the stewardship that led to a $2 billion growth of the GIC subsidiary in a span of 2 years. Click here for more information.
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The Gramm-Leach-Bliley Act is a law that says all businesses that offer customers any kind of financial products or services of any kind such as any type of insurance, investment advice, financial advice or a loan, are required to explain and release any kind of details or information that have to do with the transaction that they are doing with their customers and to make sure that they keep their customers information safe and protect it from being stolen.
There are three types of laws that have been put in place to protect small businesses and their financial interests as investors. Those are Securities laws, Bankruptcy laws, and Antitrust laws. Sam Tabar is someone who knows all about this. He is not only an attorney; he is a qualified professional Capital Strategist that has an office in New York that can help businesses in this area.
Antitrust Laws – Antitrust laws promote heavy competition between businesses but protect people and businesses from other businesses running their companies unfairly, and mergers that are not done legally and fairly when competing against others.
Bankruptcy – bankruptcy is an option given to people and businesses when they are not able to meet their commitments that they have made financially. It gives them legal options to handle this problem and to study the process and how it is done, as well as learning the tax consequences involved.
Securities Law–If your business is involved in selling publicly traded securities then there are specifically certain financial and reporting criteria that must be complied with. This criterion includes making clear documents of disclosure to the Securities and Exchange Commission (SEC) and making sure you comply with the Sarbanes-Oxley rules. If you need help in this area or if you have any questions, call Sam Tabar, he is a qualified specialist in this area who can help you with an y questions or problems you might have.
Guide to Antitrust Laws
A great economy is because of the freedom and openness of being able to compete in a legal and fair market. Being able to compete in an aggressive way with other businesses gives their customers and other businesses more innovative and quality products, lower prices, better service, and an assortment of choices. The Federal Trade Commission’s purpose is to make sure that competitive laws are enforced meaning the Antitrust laws. These laws are also put in place to protect customers from illegal and unfair business operations and mergers. The Bureau of Competition, which is under The Federal Trade Commission, works together with the Bureau of Economics to make sure the antitrust laws are enforced to protect consumers.
Mr. Sam Tabar is a Capital Strategist and an important attorney who is officed in New York City, he’s also the Chief Executive Officer of Full Cycle Fund in New York. Sam started his career working at a large law firm before moving to Capital Strategy and Business Development. He then started working for SPARX Group Co. as not only their Managing Director but also as the Co-Head of Business Development. He later moved to Bank of America-Merrill Lynch and then went back to his original love of being an attorney in the Finance industry. More information can be sought on LinkedIn.