Hot Business News Today

Hot Business News Today

SEC Sends Accusations Of Herbalife Insider Trading

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The hedge fund world occasionally crosses a legal line when gleaning information from corporate insiders. Now, a federal investigation into Herbalife and the traders who traffic in the company’s stock reveals that hedge funds themselves produce insider secrets.
Stretching the boundaries of insider trading law, the Securities and Exchange Commission on Tuesday accused two men of possessing confidential information about a hedge fund’s plan to bet against Herbalife. One of the men, Filip Szymik, settled the case; his friend and co-defendant, Jordan Peixoto, did not.
Mr. Szymik’s problems, first detailed in a New York Times article in May, began when he learned that the billionaire William A. Ackman was planning to announce a bearish view of Herbalife, a giant diet supplements company. Mr. Szymik had an unlikely source: his roommate was a junior employee at Mr. Ackman’s hedge fund. The roommate, who did not himself trade in Herbalife, is not accused of any wrongdoing.
The S.E.C. pursued Mr. Szymik, a 29-year-old former collegiate tennis star, even though he did not trade either. Instead, according to the S.E.C., Mr. Szymik shared the insight with another friend, Mr. Peixoto, who placed his own wager against Herbalife. When Mr. Ackman announced a $1 billion bet against Herbalife, a move

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Trévo Gives Back To Oklahoma Roots

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Born and raised in Oklahoma, Trévo President and CEO, Mark Stevens, never fails to forget where he came from and the importance of giving back to his community. Stevens and his wife, Holli, make monthly contributions to Oklahoma’s City Rescue Mission and recently donated $10,000 to the City Rescue Mission of Hope 2014.
The banquet was held September 11 at the National Cowboy & Western Heritage Museum and recognized City Rescue Mission sponsors and attendees as they listened to personal testimonies of individuals’ lives touched by the Mission.
City Rescue Mission is a private, faith-based, non-profit organization providing solution-based ministry to homeless men, women and children.
In 2007 the Mission hired Rev. Tom Jones as President and CEO. Since then, the Mission, under Rev. Jones leadership, has developed the recovery program known as the Bridge to Life Program, which currently hosts 70 percent client participation. Additionally, in the last two years, City Rescue Mission has expanded its Social Services Center by partnering with over 70 local agencies offering comprehensive care free of charge to any City Rescue Mission client, including those from the community at large.
Trévo was recognized as a Pinnacle of HOPE sponsor, the third highest level of sponsorship.
Stevens was in attendance at the banquet along with

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Vísi Expands Executive Team; Adds Marketing Leadership

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Vísi, category pioneer in AC2 technology (Arctic Cloudberry + hydrolyzed collagen-based vitality products) announced a key addition to its executive team. “We’re thrilled to welcome Kristine Widtfeldt as Vice President of Marketing,” says Vísi Founder and CEO Kent Lewis. “She brings a proven track record, dedication to communications, and true innovation in marketing programs that will bring a fresh perspective to our growing company. We’re excited for the future with Kristine as a part of our executive team.”
For the past decade, Widtfeldt has served as the Vice President of Marketing and New Product Development for party-plan company Close To My Heart, with vast experience as a consultant and content developer for several other nutritional companies in network marketing. Additionally, Widtfeldt has served in leadership roles in a variety of media from public and cable television, internet development, educational publishing, magazines, and agency work. She is a popular keynote speaker and has authored more than a dozen wellness and financial publications.
“Communications and working with people are my two passions,” says Widtfeldt. “And ultimately, there is no better place to marry those two than in network marketing, where you get to connect people with possibilities every day.” 
Like many others joining Vísi right

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Youngevity Recaps Highlights Of Leadership Summit Convention

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Youngevity Essential Life Sciences, a wholly-owned subsidiary of Youngevity International, Inc., welcomed over 1,500 distributors and customers from around the globe to Youngevity’s first ever Leadership Summit Convention, which was held on September 25th through September 27th at the Red Rock Hotel in Las Vegas, Nevada.
At the Convention, speakers included Youngevity® celebrity brand ambassadors, Marilu Henner, Danny Glover, World Champion Natural Body Builder, Gene Nelson, former NBA All-Stars, Theo Ratliff and Mike Glenn, as well as special guest presenter Michael Bernoff, and nutritional pioneer and Youngevity founder Dr. Joel D. Wallach, BS, DVM, ND.
Convention highlights included:

Youngevity celebrity brand ambassador, Marilu Henner, inspired an audience of over 1,500 people with advice on how to live healthier, more active lifestyles.
Actor, producer and humanitarian, Danny Glover was introduced as our newest Celebrity Brand Ambassador. Mr. Glover’s film credits include Lethal Weapon, The Color Purple, Places in the Heart, and an Emmy nominated portrayal of Nelson Mandela in Mandela.
David Ori, VP of International Development, announced international expansion plans which included Latin America, Israel, Russia, Eastern Europe, and the Pacific Rim.
Ricardo Spilman, Director of Sales and Operations for Eastern Europe provided an update on the Company’s launch in Russia which he expected would take place

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