Thomas John Zacchaeus Winnifrith (born January 1968) is a former British journalist, share tipster and former fund manager.
Tom Winnifrith was born in 1968 [1] He studied PPE at the University of Oxford (1987–90), graduating with a lower second degree. [2]
Tom Winnifrith is the founder and editor [3] of the website Shareprophets.com. He was at one stage chief executive and founder [4] of former ISDX listed Rivington Street Holdings (RSH) [5] [6] before stepping down in 2011. [7] [8]
He has formerly worked as a financial journalist for Investors Chronicle and the London Evening Standard . Winnifrith was the resident investment expert on the Channel 4 game show Show Me The Money . [8]
Winnifrith was expelled from the Liberal Democrat Party by Paddy Ashdown in 1993 for allegedly "pandering to racism". He was subject to an investigation by Metropolitan Police Service at the request of the Attorney General at the time, Sir Nicholas Lyell, and then Shadow Cabinet Minister Jack Straw, which found no wrongdoing. [9]
In September 2017, Winnifrith authored an article that claimed that the FCA would not be shutting down Beaufort Securities. [10] In March 2018, Beaufort Securities was shut down, declared insolvent, and charged with fraud, following a joint FCA, FBI, SEC and DOJ investigation. [11] [12] [13] [14] [15]
His time as CEO of Rivington Street Holdings (RSH) has also come under criticism, including accusations of multiple compliance failures while running a regulated company and acting "ultra vires", attempting to sell an FSA regulated entity without the approval of the RSH board [16]
Tom is married to Ranji Devadason, [17] sociology lecturer at Keele University. [18] The journalist and author Christopher Booker was his uncle. [19] [20] Winnifrith’s mother committed suicide in 1976. [21]
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing options, digital options, and fixed return options (FROs).
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The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees. Madoff avoided most direct financial scrutiny by accepting investments only through these feeder funds, while obtaining false auditing statements for his firm. The liquidation trustee of Madoff's firm has implicated managers of the feeder funds for ignoring signs of Madoff's deception.
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Benjamin Wey is a Chinese-born US Wall Street financier and CEO of New York Global Group (NYGG). He began his financial career as an investment advisor and broker in Oklahoma in the late 1990s. Wey and NYGG were among the most active "facilitators and promoters" of reverse takeovers, which created Special-Purpose Acquisition Companies (SPAC) and allowed small Chinese companies to raise capital on U.S. markets, until reverse takeovers became the subject of a U.S. Securities and Exchange Commission investigation in 2011.
The Share Centre was an independent UK retail stockbroker based in Aylesbury, Buckinghamshire, England.