Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
SEC charges NY and TX fund advisors
The Securities and Exchange Commission has charged a New York-based investment adviser, Premium Point Investments LP, with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium Point’s CEO and chief investment officer, Anilesh Ahuja, and Amin Majidi, a former partner and portfolio manager at the firm, and former trader Jeremy Shor.
In a separate action, the SEC charged Mario Hinojosa and his wholly-owned municipal advisor, Barcelona Strategies, LLC, with misrepresenting their municipal advisory experience and failing to disclose conflicts of interest to a south Texas school district in connection with multiple municipal bond offerings.