Mitt has so many scandals attached to him, he will do whatever the NWO tells him to. You would think that the new owner of The Weather Channel would be found guilty of fraud for such insane statements.
Mitt Romney, Bain Capital Insider Trading Scandal?http://www.moneyteachers.org/Bain+Mitt+Romney+EDGAR.htmBain Capital has come a long way since the hostile takeovers it was known for when Mitt Romney founded the company in 1984. Today, with a reported 65 billion in assets the company owns industry giants like Toys R Us, Clear Channel Communications (Rush Limbaugh, Sean Hannity, Glenn Beck), Dunkin Brands, Burlington, Warner Music Group, and even the Weather Channel. For a complete list of companies in the Bain Portfolio Click Here
One Company, which is not listed on Bain's Website as a company holding is EDGAR online.
"Bain Capital said Friday that it has invested $12 million in Edgar Online, a publicly traded data services company that helps businesses prepare regulatory filings in a new format that will be mandatory by 2012...Edgar Online's main offering is helping companies prepare filings for the Securities and Exchange Commission in a computer format known as XBRL, which is used for the S.E.C.'s Edgar tool. It also offers data analysis products for regulatory filings." (Source)
Bain paid $12 million dollars for EDGAR stock and the right to name two Board Members with the company. The question is why.
"EDGAR, the Electronic Data-Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (the "SEC"). The database is freely available to the public via the Internet (Web or FTP)." (Source)
Approximately 3,000 company filings are made with EDGAR each and every day. In fact, if you wish to search for company filings on the Securities and Exchange Commission's website, you will be redirected to the EDGAR database (Source)
So, Mitt Romney's Bain Capital has the ability to monitor every company filing with the SEC before anyone else can see them. Its what is known as a competative advantage. Its also known as Trading on Insider Information if Bain Capital is perusing these financial filings and using them to decide what to buy and sell within its portfolio.
According to SEC Guidelines:
"The SEC adopted new Rules 10b5-1 and 10b5-2 to resolve two insider trading issues where the courts have disagreed. Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if a trader is "aware" of the material nonpublic information when making the purchase or sale. The rule also sets forth several affirmative defenses or exceptions to liability. The rule permits persons to trade in certain specified circumstances where it is clear that the information they are aware of is not a factor in the decision to trade, such as pursuant to a pre-existing plan, contract, or instruction that was made in good faith.
Rule 10b5-2 clarifies how the misappropriation theory applies to certain non-business relationships. This rule provides that a person receiving confidential information under circumstances specified in the rule would owe a duty of trust or confidence and thus could be liable under the misappropriation theory." (SEC.gov)
In what could be viewed as a huge advantage over the average investor, this scandal would make the movie "Wall Street" look like "Sesame Street". An investigation of Bain Capital's internal documents by any enforcement agency, including the SEC or Congress, could make Michael Milkin look like a boy scout activity.
"Milken was indicted on 98 counts of racketeering and securities fraud in 1989 as the result of an insider trading investigation. After a plea bargain, he pled guilty to six securities and reporting violations but was never convicted of racketeering or insider trading. Milken was sentenced to ten years in prison and permanently barred from the securities industry by the Securities and Exchange Commission. After the presiding judge reduced his sentence for cooperating with testimony against his former colleagues and good behavior, he was released after less than two years. (Source)
Milkin could only wish that he had access to every company's financial reports and SEC filings before anyone else knew about them. Mitt Romney's company, Bain Capital, should be investigated at the very least. This article should be front-page news and talked about on every radio show in America.
Bain Capitalhttp://en.wikipedia.org/wiki/Bain_CapitalIndustry Private alternative asset management
Founded 1984
Founder(s) Mitt Romney, T. Coleman Andrews III, Eric Kriss
Headquarters Boston, Massachusetts, U.S. with offices in Chicago, New York, London, Tokyo, Hong Kong, Shanghai and Mumbai
Key people Joshua Bekenstein, John Connaughton, Paul Edgerley, Robert C. Gay, Mark Nunnelly, Stephen Pagliuca
Products
Private equity, venture capital, public equity, high-yield assets and mezzanine capital funds
assets = ~$65 billion
Employees ~375 (December 2010)
Website
www.baincapital.comBain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private equity, venture capital, public equity, high-yield assets and mezzanine capital funds.
History
Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In addition to the three founding partners, the early team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, and Geoffrey S. Rehnert. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984.
The firm includes a large group of investment professionals with consulting or operating experience, and takes an intensive, analytical approach to the investment process. This allows the firm's teams to pursue a wide range of equity investment opportunities, and to conduct extensive diligence, to do a fact-based analysis of the business and competitive industry dynamics, and to identify a winning business model.[citation needed] One of the fund's first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006.
More than twenty five years after its inception, Bain Capital manages approximately $65 billion in assets, and has founded, acquired, or invested in hundreds of companies including AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Domino's Pizza, DoubleClick, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Toys R Us, Unisource, Warner Music Group and The Weather Channel.
Recent Notable InvestmentsSome recent proposed and actual Bain Capital investments include (in reverse chronological order):
2010, Oct – Acquires Gymboree for $1.8 Billion USD.[1]
2010, Mar – Wall Street Journal reports that
Psychiatric Solutions is in talks to be purchased by Bain.[2]
2010, Mar – Purchases
Styron (polystyrene, latex), a division of The Dow Chemical Company, for $1.6 billion.[3]2009, Jun – Bain Capital announces a deal to
acquire a 16% stake in Chinese electronics manufacturer GOME Electrical Appliances for $300 million.2008, Jul – Joins with Thomas H. Lee Partners to purchase Clear Channel Communications.[4]
2007, Sep –
Joins with the Chinese networking company Huawei Technologies in an attempt to acquire 3Com for $2.2 billion in cash.[5] However, they were unable to structure the deal to satisfy constraints set by Committee on Foreign Investment in the United States (CFIUS). In March 2008, Bain and Huawei abandoned the transaction.[6]
2007, Jun – Signs an agreement with Guitar Center to purchase the music retailer for $1.9 billion, plus $200 million in debt. The buyout will be for $63 per share, a 26% premium on June 26's closing price. The deal was approved by shareholders on September 18, 2007 and closed October 9, 2007.[7]
2007, Jun – Agrees to
acquire Home Depot Supply for $10.3 billion, along with Carlyle Group and Clayton, Dubilier & Rice (with each agreeing to buy a one-third stake in the division). Home Depot sold their wholesale construction supply business to fund a stock repurchase estimated at $40 billion.[8]
2007, Jun – Acquires Bavaria Yachtbau for a price rumored to be about €1.3B Euros.[9]
2007, May –
Acquires Edgars Department Stores (Edcon Limited) of Zimbabwe and South Africa.[10]2006, Aug –
Joins the enlarged private equity consortium headed by KKR that agreed to acquire an 80.1% stake in the Semiconductor Division of Royal Philips Electronics. The new company is called NXP Semiconductors.
2006, Apr – Acquires Burlington Coat Factory Warehouse Corp., which operates more than 360 retail stores.
2005, Jun –
Teams up with Haier Group, China's largest appliance maker, and private equity firm Blackstone Group in an attempt to acquire Maytag for over $1 billion. The bid was dropped a month later.
2005, Mar – Proposes a
$3.5 billion buyout of all 30 teams in the National Hockey League during the league's lockout. The offer was rejected. In June 2005, the company made a revised bid of $4.3 billion for the 30 teams and allow the current owners to maintain a stake in the league. This bid was also rejected.
2004, Nov – Purchases the Dollarama chain of dollar stores, based in Montreal, Quebec, Canada and operating stores in the provinces of Eastern Canada for $1.05 billion CAD.
2004, Mar – Acquires Brenntag Group from Deutsche Bahn AG (Exited in 2006; sold to BC Partners for $4B).
2003, Nov – Invests in Warner Music Group.
2003, Aug – Purchases Bombardier Inc.'s recreational products division , along with the Bombardier family and the Caisse de dépôt et de placement du Québec, and created Bombardier Recreational Products or BRP. Bain Capital took a 50% interest in the new company.
2002, Jul – Acquires Burger King in July in a leveraged buyout with TPG Capital and Goldman Sachs Capital Partners.
AffiliatesBain Capital's family of funds includes private equity, venture capital, public equity and leveraged debt assets.
Absolute Return Capital (ARC) is the absolute return affiliate of Bain Capital managing approximately $600 million of capital. ARC manages assets in fixed income, equity, and commodity markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.[11]
Bain Capital Private Equity has raised ten funds and invested in more than 200 companies. The private equity activity includes leveraged buyouts and growth capital in a wide variety of industries.[12]
Bain Capital (Europe) Limited, an affiliate of Bain Capital, LLC, is dedicated to investment opportunities in the European market. Based in London, with an advisory office in Munich, Bain Capital has a successful European investment track record dating back to 1989.[13]
Bain Capital Ventures is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity, investing in business services, consumer, healthcare, internet & mobile, and software companies.[14]
Brookside Capital is the public equity affiliate of Bain Capital. Brookside's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation.[15]
Sankaty Advisors, the fixed income affiliate of Bain Capital, is one of the nation's leading private managers of high yield debt obligations. With $19.1 billion of committed capital, Sankaty invests in a wide variety of securities, including leveraged loans, high-yield bonds, distressed securities, mezzanine debt, convertible bonds, structured products and equity investments.[16]
References
Making of Mitt Romney: The Businessman. Boston Globe, June 26, 2007
^ Dagher, Veronica; Holmes, Elizabeth (October 12, 2010). "Bain Pays .8 Billion for Gymboree". The Wall Street Journal. http://online.wsj.com/article/SB10001424052748703794104575545880678080828.html.
^ Mccracken, Jeffrey; Lattman, Peter (2010-03-11). "Psychiatric Solutions in Talks with Bain Capital". Wall Street Journal. http://online.wsj.com/article/SB10001424052748703701004575113740606169092.html. Retrieved 2010-05-14. "Psychiatric Solutions Inc., a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by private-equity firm Bain Capital, according to several people familiar with the matter."
^ [1]
^ Reuters. http://today.reuters.com/news/articlenews.aspx?type=newsOne&storyID=2006-11-16T130113Z_01_N16247497_RTRUKOC_0_US-MEDIA-CLEARCHANNEL.xml.
^ "Bain Capital buying 3Com for $2.2 billion". The Boston Globe. September 28, 2007. http://www.boston.com/business/ticker/2007/09/bain_capital_bu.html.
^ [2]
^ [3]
^ Zimmerman, Ann; Berman, Dennis K. (June 20, 2007). "Home Depot Boosts Buyback, Sets Unit Sale". The Wall Street Journal. http://online.wsj.com/article/SB118226545165740543.html?mod=home_whats_news_us.
^ [4]
^ Business Day, 'Retail giant Edgars starts a new chapter'
^ Absolute Return Capital (company website)
^ Bain Capital Private Equity (company website)
^ Bain Capital Europe (company website)
^ Bain Capital Ventures (company website)
^ Brookside Capital (company website)
^ Sankaty Advisors (company website)
