This is an archive of past discussions. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. |
Archive 1 |
Overhauled the Zero Hedge wiki article and decided to upgrade Daniel's wiki page from a re-direct to Zero Hedge, to a proper BLP in itself. There are now enough independent material and sources to be able to properly cross-reference a good number of facts about him. Britishfinance ( talk) 16:21, 9 September 2018 (UTC)
The following discussion is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.
It is possible to get confused about the details of Daniel's FINRA ban for insider-trading and some newspaper articles have done this (never mind the junk on the wider internet). He was not banned while in Miller Buckfire, he was in Wexford Capital when the sanction was applied (the NYM article makes out that he was fired from Wexford capital, and that his leaving Wexford had nothing to do with the ban, which is an unfair positioning). Also, the ban was only for USD 750, and Dan decided not to appeal it (which he can still go back and to under FINRA regs). By the time he got the ban, Lehmans was about to collapse and the world - for traders - was about to end. A few weeks after the ban, Daniel started ZH. To avoid speculation and unfair conclusions, I wanted to give more detail on the FINRA ban and cite the FINRA ruling (as you can link to the FINRA website where all the rulings are listed) and the chronology. I had a discussion with an admin editor, Salvio giuliano, who felt this could be getting close to being primary, but given the source is FINRA, and the situation, feels that it probably should be kept in [1]. Leaving this note however for others as reference. Britishfinance ( talk) 19:13, 17 September 2018 (UTC)
The following discussion is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.
There is also confusion over this 2012 litigation, which I sometimes see referred to incorrectly as evidence that Daniel was successfully sued for using ZH to manipulate market prices (some references even state that the GEROVA litigation was the SEC, and not an investor in GEROVA, prosecuting Daniel). The complaint case also listed a lot of details about Daniel and his father, Krassimir Ivandjiiski, which are unsubstantiated and taken from a compliant's view. Ultimately, the SEC never took up the GEROVA complaint (which is what the complaint, Noble Investments, were hoping for) and it was dropped. In fact, the SEC did the opposite, and ended up proving Daniel and ZH correct regarding GEROVA, and sent several investors and executives of GEROVA to jail in 2015-2016 for market manipulation. I also wanted to cite and reference the details of the 2012 GEROVA case but Salvio giuliano feels that it is very primary, and getting into OR, which I can see is a fair argument. [2] My view is that there are so few articles on ZH (and which are fair and balanced), that it is worth listing the facts of GEROVA and the complaint (which, while being primary, and possibly OR, are inspectable online, and come from a filed legal document). The subsequent 2015-16 SEC prosecutions can all be sourced from secondary sources (Reuters etc.), so it is not a complete primary affair (although those secondary sources on the 2015-16 SEC prosecutions do not refer to the earlier 2012 attempt by Noble to sue Daniel). However, we would like to hear what others think. Britishfinance ( talk)