Tamer Moumenspecifically, between andallegedly encouraged dozens of clients, including many who were close to retirement age, to sell off their other investments and retirement accounts and to invest with him, according to the aforementioned Statement under review by attorney Alan Rosca.
Moumen allegedly faces a maximum penalty of 20 years in prison when sentenced on July 28, the Statement notes.
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The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www. Do I have a Case? Free Case Evaluation.Get the membership of Decypha Premium Package to access more exciting features including advanced analytical tools and the Pro 10 package.
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Go back Continue. Home Company Screener Profile. Tamer Investment Co. Country : Saudi Arabia. Sub-Industry :. Request Company Profile Update. Basic Information. No of Employees :.
Data Not Available. Login x. Login attempt was not successful. Please try again. Enter Characters:.When a customer complaint is received by a broker-dealer, the appropriate personnel at the member firm must promptly be notified. This is also the case when a red flag is spotted concerning a customer account. Personnel who may require notification include the account representative, the principal over that account, the branch manager, or member of the compliance team.
The process of alerting the appropriate "higher ups" is referred to as escalation. Like an escalator, this process raises something to a higher level. A complaint is a written statement by a customer-or a person acting on behalf of a customer-that alleges any grievance or dispute connected to a securities transaction or the handling of the account.
Maybe a customer was recommended an investment that has suffered a large loss, an investment she now feels was unsuitable. Or, maybe the customer checks her monthly account statement and sees three purchases she doesn't recognize, with the agent claiming she told him to execute the trades. And, if the complaint involves an allegation of theft, forgery, or misappropriation of customer assets, it must be reported within 10 business days at the latest.
Broker-dealers must maintain files for customer complaints, with notes indicating what happened and how it was resolved, endorsed by a principal. Copies of customer complaints are maintained at the supervising OSJ. Copies of customer complaints, and the quarterly filings, are required to be maintained for three years, as are many broker-dealer records. Red flags include anything that looks suspicious to broker-dealer personnel. For example, excessive customer complaints against a registered representative often signal a pattern that should be brought to the attention of the firm's management.
Any suspicious activity involving the movement of funds or securities should be taken as a red flag. Also, if the back office finds discrepancies between the address where customer account documents are delivered and the street address provided by the customer, they should treat this is a red flag.
In such a case, a registered representative engaging in excessive or inappropriate transactions may be trying to mail all documents to a PO box he controls. Maybe he is engaging in expensive annuity switches he doesn't want his customer to know about. If he signs the customer's name to the paperwork and sends all the paperwork to his own PO box, he might get away with it. For a while. The broker-dealer's procedures for handling red flags, including the proper steps for escalation to the appropriate supervisors, are designed to prevent and detect such fraudulent sales practices.
Political Contributions Municipal securities are issued by states, cities, counties, school districts, etc. Therefore, many elected officials are in a position to influence which firms get to underwrite certain offerings. They could either rig the bidding process for a competitive, sealed bid, or they could manipulate the negotiated underwritings in a way that benefits those firms willing to donate to their campaign funds.
Fortunately, the securities regulators are interested in maintaining the integrity of the municipal bond underwriting process. The tax payers supporting all the school bond issues should not have to worry that some politically-connected broker-dealer is gouging them every time another bond is sold. Therefore, if any firm makes a large political contribution, they are prohibited from doing securities business with the related issuer for a period of two years.
The same would apply if a political action committee controlled by your firm funneled the money to the mayor's campaign, or if one of your "municipal finance professionals" made the contribution with her own money. For purposes of this rule, a "municipal finance professional" includes principals, registered representatives, and any paid solicitors who help firms land underwriting deals. Firms must keep records on all contributions by the firm, their municipal finance professionals, and any associated PACs political action committees.The Tamer Fund for Social Ventures provides seed grants to nonprofit, for-profit, and hybrid early-stage Columbia University affiliated social and environmental ventures.
Please click here to begin the application process. Funding will be made available to around seven ventures each year three to four ventures each cycle.
For questions, please reach out to tamersvfund gmail. Social or environmental ventures are defined as those working to solve a social or environmental problem. Ventures must be led by Columbia University students, alumni, faculty or researchers, or be advised and have significant involvement by Columbia University faculty or researchers.
There is no time limit after graduation for alumni to apply.
Tamer Moumen—Investment Fraud
The entire team need not be Columbia University affiliated; one founding member or significantly involved faculty or research advisor is sufficient.
If the venture has a Tamer Center affiliation, the venture must also have an additional Columbia University affiliation in order to be eligible for the Tamer Fund for Social Ventures. The University is committed to support all members of the Columbia community, including those formerly incarcerated, who are encouraged to apply to the fund.
To be eligible for the Tamer Fund for Social Ventures, ventures must not have closed their seed funding round at the time of application. Current students may not enroll in the Investing in Social Ventures course in the same semester in which they apply to the Fund for their venture. Preference will be given to ventures that have the potential to be financially self-sustaining in the longer term.
Overview of Tamer Investment Co
This preference includes nonprofits that can be sustained by generating revenues via fee-for-service models, for example. Typically, ventures can only apply once for funding from the Tamer Fund for Social Ventures. We strongly recommend current students take advantage of the courses offered at Columbia before applying to the Fund see the Other Resources for Social Venture Teams tab for more information on courses available. We encourage you to apply when your application can clearly address the following questions:.
Read more about the process for selection for the Tamer Fund for Social Ventures. We suggest using your LinkedIn profile to create your login. Applicants selected for screening will be contacted shortly after these deadlines.Navneet is a Vice President at H.Capt Tamer talks of the Fujairah Offshore Anchorage Area
BioHealth Partners and focuses on investment opportunities in the healthcare sector including biopharmaceuticals, medical devices, and diagnostics. His research was focused on discovering novel therapeutic targets to overcome drug resistance in non-small cell lung cancer.
Navneet led pre-clinical research for multiple early stage molecules by developing mouse models to generate critical in vivo data that enabled progression of NMEs from research to development stage.
During his time at Genentech, Navneet co-authored multiple publications on tumor resistance in peer reviewed scientific journals. Jens Alsleben, Senior Advisor, Germany. Prior to joining H. Prior to that, he was the CFO for a leading European embedded software company. Jens began his business career at Deutsche Bank, where he spent ten years in Mergers and Acquisitions and Corporate Finance.
Luciano Anzanello is a Principal in our Milan office. As partner at Atlantis Partners in Milan, the leading independent institutional investment firm focused on Italian mid-size companies in Special Situations, Luciano focused on investments in Manufacturing, Consumer Products, Media and Green Energy companies. Previously, Luciano worked in Camuzzi Group, a multinational utility company. Stuart joined H. Direct Lending Platform to build and broaden the range of customized debt solutions provided to Non-Sponsor and Sponsor borrowers in the middle market.
Stuart began his career in the Syndications group of Chemical Bank. Stuart received an M. Tuna is a Director of H. Realty Partners based in London.
He is responsible for originating, structuring and executing real estate transactions across Europe. Antoine Baudesson, Director, Paris. He was also involved in the Fund of Funds activity of the Quilvest Group with coverage of the French territory. Adam Belfer joined H. Realty Partners. Adam is located in the Los Angeles office and is involved in all aspects of the investment process, including sourcing, transaction structuring, financing, and post-closing execution.
Prior to H. Jaime Bergel, Managing Director, Spain. Prior to founding Gala Capital inJaime was Country Chairman of Merrill Lynch for Spain and Portugal and headed the largest investment banking operation and broker-dealer in the Iberian Peninsula with over professionals. Jaime has served on several Boards of public and non-public companies, including the Madrid Stock Exchange, and is currently a member of the Board of Directors of Bacardi Limited.
Berman is the Head of H. Capital's U. He joined the firm inand has served as an Executive Managing Director since He assumed responsibility for H. Capital Partners V, L. Before that, Mr. Berman led the acquisition of more than 30 businesses for H.
While at Bain, he managed a variety of projects for Fortune clients, developing expertise in manufacturing, telecommunications, and financial services.
Mark is responsible for sourcing and structuring middle market financings, including senior loans, unitranche, second lien, mezzanine and structured equity for private equity sponsored and non-sponsored transactions. He has over 20 years of leverage finance experience across a broad range of sectors including telecom, software, media, tech enabled, internet and business services. Wolfgang, a German national, was prior to H. Previously, he was a Managing Director of Thomas J.According to the statement of facts filed with the plea agreement, Tamer Moumen, 39, defrauded over 50 clients between and Moumen encouraged dozens of clients, including many who were nearing retirement age, to liquidate their other investments and retirement accounts, and invest with him.
Moumen did not tell investors that he actually had no experience managing a hedge fund, had a history of losing money in the securities market, and was relying on investor money to support his lifestyle and pay personal expenses. According to the statement of facts filed with the plea agreement, beginning inMoumen was involved with two fundraising efforts that solicited donations to benefit refugees, including a GoFundMe campaign and the Northern Virginia Refugee Fund.
Moumen had sole control of the donated funds, some of which he transferred into accounts in his name, where the money was commingled with investor funds. Moumen used money in these accounts to pay personal expenses. Moumen faces a maximum penalty of 20 years in prison when sentenced on July Actual sentences for federal crimes are typically less than the maximum penalties.
A federal district court judge will determine any sentence after taking into account the U. Sentencing Guidelines and other statutory factors. Dana J. Boente, U. District Judge Anthony J. Trenga accepted the plea. Assistant U. Attorney Katherine L. Wong is prosecuting the case. A copy of this press release is located on the website of the U. You are here U. Department of Justice. Friday, May 12, Topic s :. Component s :.A company importing, marketing and distributing pharmaceuticals, medical supplies and consumer goods.
A company investing in industrial projects related to healthcare and consumer goods. A company investing in new projects as well as established enterprises working in various industrial, trading, finance, and real estate fields. A company importing, marketing and distributing healthcare products providing an additional platform to enable suppliers to offer competing product lines thru AMPC legal entity capitalizing on the resources of the Group.
The new branch has great potential to grow fast leveraging all available resources and partnering with best in class international and regional IT services. IMC is a bed multi-specialty healthcare facility established by prominent businessmen. It has obtained JCI accreditation with a score of It has an affiliation with Klinik Hirslanden AG for transfer and referrals of patients. Arabio is a project to produce vaccines and serum developed by Jeddah Bio City and prominent Saudi businessmen and institutions.
Arabio Steering Committee has concluded a technology transfer with Novartis and is looking at other deals.
In fact, Sukoon is the first company in Saudi Arabia to specialise in healthcare real estate. United Gulf Health UGH Chain Pharmacies: partnership between Tamer and two of the major pharmaceutical distribution companies to invest in retail pharmacies starting with the acquisition of a chain of 60 pharmacies.
It is primarily involved in tending to patients requiring life activity support, medical and nursing care, critical and acute care, assisted respiration, rehabilitation physical and occupational therapyand nutritional therapy. Tamer Group. Tamer Group A company importing, marketing and distributing pharmaceuticals, medical supplies and consumer goods. Tamer Industries. Tamer Industries A company investing in industrial projects related to healthcare and consumer goods.
Tamer Logistics. Tamer Investments. Tamer Investments A company investing in new projects as well as established enterprises working in various industrial, trading, finance, and real estate fields. AMPC LTD A company importing, marketing and distributing healthcare products providing an additional platform to enable suppliers to offer competing product lines thru AMPC legal entity capitalizing on the resources of the Group. Tamer Companies IMC is a bed multi-specialty healthcare facility established by prominent businessmen.