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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: rsie who wrote (5348)	7/5/2010 6:46:02 PM
From: Boca_PETE	1 Recommendation Respond to of 10065

rsei, SOME OBSERVATIONS: - It lashes out with mendatious self-importance when it feels threatened. - It's intolerant of the views of others. - LIKE THE LOCUST, IT CAME FROM OVER THERE. Ignore it - maybe it will go away with its' friend. P

To: rsie who wrote (5348)	7/5/2010 10:09:29 PM
From: Kirk ©	2 Recommendations Read Replies (2) \| Respond to of 10065

"i have found that most are competitors trying to get even, their arguments are sour, old and no longer of interest." I find competitors of Bernie Madoff were also upset at what he was doing. It is too bad more of them didn't push the issue with the SEC to get them to stop watching porn and do their jobs. Usually once you see one roach... there are thousands in the walls.... Did you know there is a suit against the firm that Brinker advertised to manage money in his newsletter? I started to warn folks about this relationship back in 2003 when they advertised returns with different starting dates so they didn't have to show the lousy returns for the aggressive portfolio that was loaded up with the QQQs. GENWORTH FINANCIAL WEALTH MANAGEMENT (BJ GROUP SERVICES) Class Period: Dec 22, 2003 to Dec 22, 2009 Lead Plaintiff Deadline: Mar 8, 2010 Summary of Case: A securities class action has been filed against Genworth Financial Wealth Management (BJ Group Services Portfolios) ("Genworth" or the "Company") on behalf of all securities purchasers from December 22, 2003 through December 22, 2009, inclusive ("Class Period"), in the United States District Court for the Eastern District of New York. The claims arise from the fraudulent scheme perpetrated by Defendants through Genworth's marketing, solicitation, sale and management of the Portfolio. The complaint alleges that the scheme was facilitated by Defendants, who knowingly, recklessly and/or with intent to deceive disseminated to prospective and current investors materially misleading representations regarding the Portfolio and its "exclusive" management agreement with Robert "Bob" Brinker. The complaint alleges that According to all of its sales, marketing and disclosure materials disseminated to prospective and current investors in Genworth's Private Client Group, "The BJ Group Service offers clients tactical asset allocation by implementing recommendations from Robert ("Bob") J. Brinker, author of Marketimer newsletter." Defendants represented that "Bob recommends asset allocations and fund selection for GF AM's management of accounts for the BJ Group Advisory Services." The materials explicitly state: "This portfolio is based on the Bob Brinker model, offered through our exclusive partnership with him" and that "[o]ur experienced professionals work to implement Bob's investment strategy utilizing his proprietary tactical asset allocation model." The complaint further alleges that Contrary to Defendants' representations that the Portfolio was being managed based upon the Brinker recommendations, the percentage of non-Brinker recommended Funds being purchased for the Portfolio routinely exceeded 50%. By not implementing Brinker's tactical asset allocation and fund selection, Genworth was able to generate for itself extra revenues by selecting alternate mutual funds that paid higher administrative and service fees. Defendants purchased these funds, instead of purchasing funds recommended by Brinker, notwithstanding that these funds routinely underperformed Funds recommended by Brinker. If you purchased this company's shares during the Class Period and suffered a loss, please contact Scott + Scott LLP..... 3.bp.blogspot.com 1.bp.blogspot.com scott-scott.com