Tag Archives: Investment Expert

Rick Scott Allegations Made By End Citizens United

In 2015, End Citizens United was formed as a traditional PAC under the leadership of President Tiffany Muller with the aim of reversing the Citizens United decision of the U.S. Supreme Court. The wide-ranging activities of End Citizens United include the monitoring of election finance activities of candidates from every side of the political spectrum. The left-leaning PAC maintains its political independence by limiting member donations to just $5,000 per election cycle and refusing the backing of special interest groups and mega-donors.By monitoring the activities of various candidates, End Citizens United hopes to make sure no candidate is allowed to bypass the regulations of the Federal Election Commission without being held accountable.

A complaint was recently filed by the PAC about the activities of former Florida Governor Rick Scott during his bid to win election to the U.S. Senate during the 2018 Midterms. With less than six months to the election, the PAC claims Scott has been illegally using funds from his own New America Super PAC to his campaign. The New America Super PAC was formed with the aim of building support for the work of President Donald Trump among young people with Governor Scott listed as Chair of the group. In the complaint by the Washington D.C.-based PAC, Scott is accused of changing the focus of the PAC and its $78 million in funds already raised to his own campaign in a clear breach of election finance rules.

ECU Communications Director Adam Bozzi claimed the change in focus for New America was designed to afford Scott the opportunity to avoid campaign finance rules during the “testing the waters” period when fundraising is limited. Campaign staff for Governor Scott stated the Trump supporter had stepped away from the work of New America but this was shown to be false with the revelation the politician is still listed as the Chair of the Super PAC. End Citizens United alleges Rick Scott is using his own Super PAC to pay for his campaign and avoid the much-needed disclosure laws regarding the election finance.

Why Wes Edens is Retaining his Position at Fortress Investment Group

Why Wes Edens is Retaining his Position at Fortress Investment Group

From fathers, uncles, mothers and aunts among others, everyone has that close person in the family that can help him or her make viable decisions in terms of wealth creation or business management. However, there are times when family does not offer a lot in regards to professional help. Therefore, such instances call for an experienced financial advisor with vast expertise in providing financial services. Wes Edens could be that one person everyone is looking for not only in terms of the services he provides but also the manner in which he has shaped his career around the industry of financial investments.

Understanding Wes Edens

Wes Edens commenced his career by working at Merrill Lynch as well as Smith Barney. In both firms, he was a revered financial services manager who executed his roles accordingly. For instance, he would spend most of his time training clients how to invest in different financial dockets. Because he was successful in what he did, Wes Edens landed a managerial role at Lehman Brothers where he worked as the managing director. In his capacity as the managing director, he was responsible for the firm’s overall leadership, coordination and selecting the right direction for the business. It was after serving for a few years that he landed an opportunity at BlackRock Financial Management where he served as the director in charge of finance.

Services and Roles

Throughout his years of work at BlackRock, he remained an integral player focusing on the development of various programs with the aim of serving populations. Most fundamentally, he prepared the company budgets alongside maintaining a viable system for accounting and the management of funds. Given that his interests lie in connecting with clients, Wes Edens committed his career to serving in different mortgage trading division alongside private equity. It was after serving in those jurisdictions that he decided to join Peter Briger and Randal Nardone in founding Fortress Investment Group.

General Observation

Born out of the idea of helping investors to delve into the right investment channel, Fortress Investment Group has been thriving in excellent leadership provided by the likes of Wes Edens. For that reason, Softbank Group approached the company for a buyout. Just a few months ago, they both announced that Fortress Investment Group would now be manned by Softbank Group Corp even though the co-principals would still retain their positions. It evident that Wes Edens is a perfect investment portfolio manager given his dedication to remain in business even after the buyout.