Podcasts about securities act

Nigeria's Securities and Exchange Commission is spearheading efforts to create a more transparent, welcoming investment environment. We talk to 'Timi Agama, Director General of the SEC and one of the key architects of Nigeria's new Investments and Securities Act, about building investor confidence in Nigeria's markets, and potentially unleashing a flood of domestic and international capital.We also discuss the leading global role Nigeria hopes to play in the future of digital assets.

John is joined by Jesse Bernstein, Partner in Quinn Emanuel's New York Office and Co-Chair of the Securities Litigation Practice.  Jesse explains that the term “securities” applies not only to stocks and bonds, but arguably to any situation where a group of investors place their resources into a common entity where they expect to make profits from the efforts of others.  He describes the sources of securities law, including state blue sky laws, the Securities Act of 1933 (which focuses on initial issuances), the Securities Exchange Act of 1934 (which focuses on intentional misrepresentations in securities transactions and the Private Securities Litigation Reform Act of 1995 (which sought to curb perceived abuses in securities litigation by raising the pleading standards required to establish scienter and creating a safe harbor for forward looking statements).  They discuss the Supreme Court's recent ruling in Moab Partners v. Macquarie Infrastructure that pure omissions of material fact are not actionable under Rule 10(b)(5) because the rule only covers affirmative misstatements.  Jesse then explains how a Quinn Emanuel team obtained a jury verdict last year in Elon Musk's favor in a rare securities class action trial on a $12 billion claim based on Mr. Musk's tweet about taking Tesla private.  He describes the arguments made concerning materiality and loss causation that ultimately led to the victory.  Finally, they discuss upcoming issues in securities law including how the Macquarie decision will impact cases. Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

In the latest episode of our Deal Review Series, Drew Wahlgren from MAG Capital Investments presents the MAG Capital Industrial Fund III Deal to our LP panel: Paul Shannon, Chris Lopez, and Mauricio Rauld. The LP Panel asks questions like: - How many industrial deals have you done, and what's the performance to date? - Who handles acquisitions, asset management, and communications with investors? - How soon is the fund putting money to work, and how much has been raised so far? - How do current market conditions affect buying right now, and are we at risk of overpaying? - When do investors get their principal and pref, and when does the sponsor start participating? Want to discuss the deal with other investors? Start your FREE 7-day trial on PassivePockets: * Discover new sponsors and read real investor ratings & reviews * Find and vet deals quickly and easily * Connect with investors in private, investor-only forums * Improve your due diligence by watching our LP Panel Deal Review series * Access expert insights with on-demand courses, articles, and webinars Disclaimer: The information on this website, including any graphs, charts, ratings, reviews, videos, and other visual aids, is for informational purposes only, and is not an offering of or solicitation to purchase securities or otherwise make an investment. PassivePockets is not responsible for ensuring or verifying that sponsor and/or deal information and offering materials are compliant with applicable law, including but not limited to securities laws or investment advisory regulations. PassivePockets receives compensation from sponsors in exchange for profiling sponsors and/or their sponsored deals on this website; however, such profiles and the sponsor-provided content therein shall not be construed as, and are not, endorsements, testimonials, or recommendations by PassivePockets. Any comments, views, opinions and any forecasts of future events, returns or results expressed in video content posted to this website, whether by PassivePockets, sponsors, or website users, reflect the opinions of the given author or speaker (including the personal opinions of PassivePockets employees or contractors, as applicable), are subject to change without notice, do not reflect the views of PassivePockets or its affiliates, may not reflect actual investment results, are not guarantees of future events, returns or results and are not intended to provide financial planning, investment advice, legal advice or tax advice. The accuracy, completeness or suitability of the (i) information and offering materials provided by a sponsor and (ii) the information discussed in video content posted to this website, including any comments, views, opinions, forecasts, graphs, charts, ratings, reviews, videos, and other visual aids, cannot be guaranteed, are not reviewed by PassivePockets, are provided for informational purposes only, and should not be solely relied upon in making an investment decision. No responsibility or liability is accepted or assumed by PassivePockets or any of its officers, agents or advisors as to the accuracy, sufficiency or completeness of any such video content. Investing in real estate is inherently risky and suitable only for sophisticated and qualified investors. Prospective investors should consult with their own investment advisors, financial advisors, and tax advisors, as applicable, in connection with any decision to invest. Sponsors may only offer securities through this website pursuant to Rule 506(c) under Regulation D under the Securities Act of 1933, and the sale of such securities will be strictly limited to those persons who are qualified as “accredited investors” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933. Compliance with these requirements and other applicable securities laws is the sole responsibility of each sponsor, and not PassivePockets.

Jason is a key advisor at Great Gray Trust Company, specializing in CIT eligibility and investment-related matters. He negotiates agreements with plans, subadvisors, and service providers. Previously, Jason spent 13 years at Covington & Burling LLP, focusing on ERISA investing and policy issues. Committed to retirement policy, he has a proven track record of legislative and policy changes. Jason holds a JD from Columbia University and a BA from the University of Pennsylvania. He serves on the Pension Rights Center Board and frequently speaks at industry events, shaping the future of retirement planning.In this episode, Eric and Jason Levy discuss:The growing popularity of CITsRegulations involving CITsCIT availability Why fiduciaries should consider CITs Key Takeaways:Collective Investment Trusts (CITs) are growing in popularity as a cost-effective alternative to mutual funds for retirement plans, offering similar investment strategies at lower costs.CITs are regulated under a regime tailored specifically for retirement plans, providing enhanced investor protections compared to mutual funds.Historically, CITs were only accessible to the largest retirement plans, but minimum investment requirements have decreased, making them available to smaller and mid-sized plans as well.Plan fiduciaries and advisors should consider adding CITs to their investment lineups, as the cost savings can significantly impact participant retirement outcomes over time.“Even in the small plan market, CITs are available, even the smallest plans through those aggregators would be able to access CITs. Regardless of the size of your plan, CIT should be on your radar.” - Jason LevyConnect with Jason Levy:Website: https://greatgray.com/ Email: jason.levy@greatgray.comLinkedIn: https://www.linkedin.com/in/jason-levy-19783a17/ Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

The respondent, Dov Markowich, is a shareholder of the appellant, Lundin Mining Corporation (“Lundin”). He sought leave under s. 138.8 of Ontario's Securities Act, to bring a statutory cause of action against Lundin and its officers and directors for Lundin's alleged failure to make timely disclosure of pit wall instability and a subsequent rockslide at a mine in Chile (“events”). He also sought to certify the action as a class action under s. 5 of the Class Proceedings Act, 1992, S.O. 1992, c. 6, advancing claims on behalf of certain shareholders of Lundin. Lundin did not publicly disclose the events at the time they occurred on October 25 and October 31, 2017, respectively. It advised investors about them approximately a month later, on November 29, in its regularly scheduled update. The next day, the price of Lundin's securities fell 16 per cent on the TSX. The issue at the heart of the appeal involves the competing interpretations of whether there is a reasonable possibility that Mr. Markowich's action will be resolved in his favour at trial based on his claim that Lundin's lack of disclosure was contrary to its obligations to disclose forthwith a “material change” in its “business, operations or capital”. Argued Date 2025-01-15 Keywords Securities — Civil procedure — Commencement of proceedings — Statutory cause of action for failure to make timely disclosure — Leave to proceed — Mining company disclosing occurrence of pit wall instability and subsequent rockslide in periodic disclosure rather than at time of occurrence — Shareholder seeking to institute class action for company's failure to make timely disclosure — Commencement of action requiring leave of the court based on whether there is reasonable possibility that the action will be resolved in favour of the plaintiff at trial — Motion judge dismissing motion for leave — Court of Appeal allowing appeal and granting motion for leave — What is a “material change” for the purpose of Canadian securities law? — Should the leave requirement modify or lessen the burden to show a “material change”? — Securities Act, R.S.O. 1990, c. S.5, ss. 138.3(4) and 138.8. Notes (Ontario) (Civil) (By Leave) Language English Audio Disclaimers This podcast is created as a public service to promote public access and awareness of the workings of Canada's highest court. It is not affiliated with or endorsed by the Court. The original version of this hearing may be found on the Supreme Court of Canada's website. The above case summary was prepared by the Office of the Registrar of the Supreme Court of Canada (Law Branch).

1UNITED STATES BANKRUPTCY COURTSOUTHERN DISTRICT OF TEXASHOUSTON DIVISIONIn re:INTRUM AB, et al.,1Debtors.Chapter 11Case No. 24-90575 (CML)(Jointly Administered)NOTICE OF APPEALPursuant to 28 U.S.C. § 158(a) and Federal Rules of Bankruptcy Procedure 8002 and 8003,notice is hereby given that the Ad Hoc Committee of holders of 2025 notes issued by Intrum AB(the “AHC”) hereby appeals to the United States District Court for the Southern District of Texasfrom (i) the Order Denying Motion of the Ad Hoc Committee of Holders of Intrum AB Notes Due2025 to Dismiss Chapter 11 Cases Pursuant to 11 U.S.C. § 1112(b) and Federal Rule ofBankruptcy Procedure 1017(f)(1) (ECF No. 262) (the “Motion to Dismiss Order”) and (ii) theOrder (I) Approving Disclosure Statement and (II) Confirming Joint Prepackaged Chapter 11Plan of Intrum AB and Its Affiliated Debtor (Further Technical Modifications) (ECF No. 263) (the“Confirmation Order”). A copy of the Motion to Dismiss Order is attached as Exhibit A and acopy of the Confirmation Order is attached as Exhibit B. Additionally, the transcript of theBankruptcy Court's oral ruling accompanying the Motion to Dismiss Order and ConfirmationOrder (ECF No. 275) is attached as Exhibit C.Below are the names of all parties to this appeal and their respective counsel:1 The Debtors in these Chapter 11 Cases are Intrum AB and Intrum AB of Texas LLC. The Debtors'service address in these Chapter 11 Cases is 801 Travis Street, Ste 2101, #1312, Houston, TX 77002.Case 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 1 of 62I. APPELLANTA. Name of Appellant:The members of the AHC include:Boundary Creek Master Fund LP; CF INT Holdings Designated Activity Company; CaiusCapital Master Fund; Diameter Master Fund LP; Diameter Dislocation Master Fund II LP; FirTree Credit Opportunity Master Fund, LP; MAP 204 Segregated Portfolio, a segregated portfolioof LMA SPC; Star V Partners LLC; and TQ Master Fund LP.Attorneys for the AHC:QUINN EMANUEL URQUHART & SULLIVAN, LLPChristopher D. Porter (SBN 24070437)Joanna D. Caytas (SBN 24127230)Melanie A. Guzman (SBN 24117175)Cameron M. Kelly (SBN 24120936)700 Louisiana Street, Suite 3900Houston, TX 77002Telephone: (713) 221-7000Facsimile: (713) 221-7100Email: chrisporter@quinnemanuel.comjoannacaytas@quinnemanuel.commelanieguzman@quinnemanuel.comcameronkelly@quinnemanuel.com-and-Benjamin I. Finestone (admitted pro hac vice)Sascha N. Rand (admitted pro hac vice)Katherine A. Scherling (admitted pro hac vice)295 5th AvenueNew York, New York 10016Telephone: (212) 849-7000Facsimile: (212) 849-7100Email: benjaminfinestone@quinnemanuel.comsascharand@quinnemanuel.comkatescherling@quinnemanuel.comB. Positions of appellant in the adversary proceeding or bankruptcy case that isthe subject of this appeal:CreditorsCase 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 2 of 63II. THE SUBJECT OF THIS APPEALA. Judgment, order, or decree appealed from:The Order Denying Motion of the Ad Hoc Committee of Holders of Intrum AB Notes Due2025 to Dismiss Chapter 11 Cases Pursuant to 11 U.S.C. § 1112(b) and Federal Rule ofBankruptcy Procedure 1017(f)(1) (ECF No. 262); the Order (I) Approving Disclosure Statementand (II) Confirming Joint Prepackaged Chapter 11 Plan of Intrum AB and Its Affiliated Debtor(Further Technical Modifications) (ECF No. 263); and the December 31, 2024 Transcript of OralRuling Before the Honorable Christopher M. Lopez United States Bankruptcy Court Judge (ECFNo. 275).B. The date on which the judgment, order, or decree was entered:The Motion to Dismiss Order and the Confirmation Order were entered on December 31,2024. The Court issued its oral ruling accompanying the Motion to Dismiss Order and theConfirmation Order on December 31, 2024.III. OTHER PARTIES TO THIS APPEALIntrum AB and Intrum AB of Texas LLCMILBANK LLPDennis F. Dunne (admitted pro hac vice)Jaimie Fedell (admitted pro hac vice)55 Hudson YardsNew York, NY 10001Telephone: (212) 530-5000Facsimile: (212) 530-5219Email: ddunne@milbank.comjfedell@milbank.com–and–Andrew M. Leblanc (admitted pro hac vice)Melanie Westover Yanez (admitted pro hac vice)1850 K Street, NW, Suite 1100Washington, DC 20006Telephone: (202) 835-7500Facsimile: (202) 263-7586Email: aleblanc@milbank.commwyanez@milbank.com–and–PORTER HEDGES LLPJohn F. Higgins (SBN 09597500)Case 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 3 of 64Eric D. Wade (SBN 00794802)M. Shane Johnson (SBN 24083263)1000 Main Street, 36th FloorHouston TX 77002Telephone: (713) 226-6000Facsimile: (713) 226-6248Email: jhiggins@porterhedges.comewade@porterhedges.comsjohnson@porterhedges.comIV. OTHER PARTIES THAT MAY HAVE AN INTEREST IN THIS APPEALThe following chart lists certain parties that are not parties to this appeal, but that may havean interest in the outcome of the case. These parties should be served with notice of this appealby the Debtors who are aware of their identities and best positioned to provide notice.All Other Creditors of the Debtors, Including, But Not Limited To:• Certain funds and accounts managed by BlackRock Investment Management (UK)Limited or its affiliates;• Capital Four;• Davidson Kempner European Partners, LLP;• Intermediate Capital Managers Limited;• Mandatum Asset Management Ltd;• H.I.G. Capital, LLC;• Spiltan Hograntefond; Spiltan Rantefond Sverige; and Spiltan Aktiefond Stabil;• The RCF SteerCo Group;• Swedbank AB (publ).Any Holder of Stock of the Debtors• Any holder of stock of the Debtors, including their successors and assigns.Case 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 4 of 65Respectfully submitted this 13th day of January, 2025.QUINN EMANUEL URQUHART &SULLIVAN, LLP/s/ Christopher D. PorterChristopher D. Porter (SBN 24070437)Joanna D. Caytas (SBN 24127230)Melanie A. Guzman (SBN 24117175)Cameron M. Kelly (SBN 24120936)700 Louisiana Street, Suite 3900Houston, TX 77002Telephone: (713) 221-7000Facsimile: (713) 221-7100Email: chrisporter@quinnemanuel.comjoannacaytas@quinnemanuel.commelanieguzman@quinnemanuel.comcameronkelly@quinnemanuel.com-and-Benjamin I. Finestone (admitted pro hac vice)Sascha N. Rand (admitted pro hac vice)Katherine A. Scherling (admitted pro hac vice)295 5th AvenueNew York, New York 10016Telephone: (212) 849-7000Facsimile: (212) 849-7100Email: benjaminfinestone@quinnemanuel.comsascharand@quinnemanuel.comkatescherling@quinnemanuel.comCOUNSEL FOR THE AD HOC COMMITTEE OFINTRUM AB 2025 NOTEHOLDERSCase 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 5 of 6CERTIFICATE OF SERVICEI, Christopher D. Porter, hereby certify that on the 13th day of January, 2025, a copy ofthe foregoing document has been served via the Electronic Case Filing System for the UnitedStates Bankruptcy Court for the Southern District of Texas./s/ Christopher D. PorterBy: Christopher D. PorterCase 24-90575 Document 296 Filed in TXSB on 01/13/25 Page 6 of 6EXHIBIT ACase 24-90575 Document 296-1 Filed in TXSB on 01/13/25 Page 1 of 31IN THE UNITED STATES BANKRUPTCY COURTFOR THE SOUTHERN DISTRICT OF TEXASHOUSTON DIVISION)In re: ) Chapter 11)Intrum AB, et al.,1 ) Case No. 24-90575 (CML)))Jointly AdministeredDebtors. ))ORDER DENYING MOTION OF THE AD HOCCOMMITTEE OF HOLDERS OF INTRUM AB NOTES DUE 2025TO DISMISS CHAPTER 11 CASES PURSUANT TO 11 U.S.C. § 1112(B) ANDFEDERAL RULE OF BANKRUPTCY PROCEDURE 1017(F)(1)(Related to Docket No. 27)This matter, having come before the Court upon the Motion of the Ad Hoc Committee ofHolders of Intrum AB Notes Due 2025 to Dismiss Chapter 11 Cases Pursuant to 11 U.S.C. §1112(b) and Federal Rule of Bankruptcy Procedure 1017(f)(1) [Docket No. 27] (the “Motion toDismiss”); and this Court having considered the Debtors' Objection to the Motion of the Ad HocCommittee of Holders of Intrum AB Notes Due 2025 to Dismiss Chapter 11 Cases Pursuant to 11U.S.C. § 1112(b) and Federal Rule of Bankruptcy Procedure 1017(f)(1) (the “Objection”) andany other responses or objections to the Motion to Dismiss; and this Court having jurisdiction overthis matter pursuant to 28 U.S.C. § 1334 and the Amended Standing Order; and this Court havingfound that this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); and this Court having foundthat it may enter a final order consistent with Article III of the United States Constitution; and thisCourt having found that the relief requested in the Objection is in the best interests of the Debtors'1 The Debtors in these Chapter 11 Cases are Intrum AB and Intrum AB of Texas LLC. The Debtors' serviceaddress in these Chapter 11 Cases is 801 Travis Street, STE 2101, #1312, Houston, TX 77002.United States Bankruptcy CourtSouthern District of TexasENTEREDDecember 31, 2024Nathan Ochsner, ClerkCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29662-1 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 2 o of f2 32estates; and this Court having found that the Debtors' notice of the Objection and opportunity fora hearing on the Motion to Dismiss and Objection were appropriate and no other notice need beprovided; and this Court having reviewed the Motion to Dismiss and Objection and havingheard the statements in support of the relief requested therein at a hearing before this Court; andthis Court having determined that the legal and factual bases set forth in the Objectionestablish just cause for the relief granted herein; and upon all of the proceedings had beforethis Court; and after due deliberation and sufficient cause appearing therefor, it is HEREBYORDERED THAT:1. The Motion to Dismiss is Denied for the reasons stated at the December 31, 2024 hearing.2. This Court retains exclusive jurisdiction and exclusive venue with respect to allmatters arising from or related to the implementation, interpretation, and enforcement of this Order.DAeucegmubste 0r 23,1 2, 0210294CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29662-1 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 3 o of f2 3EXHIBIT BCase 24-90575 Document 296-2 Filed in TXSB on 01/13/25 Page 1 of 135IN THE UNITED STATES BANKRUPTCY COURTFOR THE SOUTHERN DISTRICT OF TEXASHOUSTON DIVISION)In re: ) Chapter 11)Intrum AB et al.,1 ) Case No. 24-90575 (CML)))(Jointly Administered)Debtors. ))ORDER (I) APPROVINGDISCLOSURE STATEMENT AND(II) CONFIRMING JOINT PREPACKAGED CHAPTER 11PLAN OF INTRUM AB AND ITS AFFILIATEDDEBTOR (FURTHER TECHNICAL MODIFICATIONS)The above-captioned debtors and debtors in possession (collectively, the“Debtors”), having:a. entered into that certain Lock-Up Agreement, dated as of July 10, 2024 (asamended and restated on August 15, 2024, and as further modified,supplemented, or otherwise amended from time to time in accordance with itsterms, the “the Lock-Up Agreement”) and that certain Backstop Agreement,dated as of July 10, 2024, (as amended and restated on November 15, 2024 andas further modified, supplemented, or otherwise amended from time to time inaccordance with its terms), setting out the terms of the backstop commitmentsprovided by the Backstop Providers to backstop the entirety of the issuance ofNew Money Notes (as may be further amended, restated, amended and restated,modified or supplemented from time to time in accordance with the termsthereof, the “Backstop Agreement”) which set forth the terms of a consensualfinancial restructuring of the Debtors;b. commenced, on October 17, 2024, a prepetition solicitation (the “Solicitation”)of votes on the Joint Prepackaged Chapter 11 Plan of Reorganization of IntrumAB and its Debtor Affiliate Pursuant to Chapter 11 of the Bankruptcy Code (asthe same may be further amended, modified and supplemented from time totime, the “Plan”), by causing the transmittal, through their solicitation andballoting agent, Kroll Restructuring Administration LLC (“Kroll”), to theholders of Claims entitled to vote on the Plan of, among other things: (i) the1 The Debtors in these chapter 11 cases are Intrum AB and Intrum AB of Texas LLC. The Debtors' serviceaddress in these chapter 11 cases is 801 Travis Street, STE 2102, #1312, Houston, TX 77002.United States Bankruptcy CourtSouthern District of TexasENTEREDDecember 31, 2024Nathan Ochsner, ClerkCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 2 o of f1 133452Plan, (ii) the Disclosure Statement for Joint Prepackaged Chapter 11 Plan ofReorganization of Intrum AB and its Debtor Affiliate (as the same may befurther amended, modified and supplemented from time to time, the“Disclosure Statement”), and (iii) the Ballots and Master Ballot to vote on thePlan (the “Ballots”), (iv) the Affidavit of Service of Solicitation Materials[Docket No. 7];c. commenced on November 15, 2024 (the “Petition Date”), these chapter 11 cases(these “Chapter 11 Cases”) by filing voluntary petitions in the United StatesBankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”or the “Court”) for relief under chapter 11 of title 11 of the United States Code(the “Bankruptcy Code”);d. Filed on November 15, 2024, the Affidavit of Service of Solicitation Materials[Docket No. 7] (the “Solicitation Affidavit”);e. Filed, on November 16, 2024 the Joint Prepackaged Chapter 11 Plan ofReorganization of Intrum AB and its Debtor Affiliate Pursuant to Chapter 11of the Bankruptcy Code (Technical Modifications) [Docket No. 16] and theDisclosure Statement for Joint Prepackaged Chapter 11 Plan of Intrum AB andits Debtor Affiliate [Docket No. 17];f. Filed on November 16, 2024, the Declaration of Andrés Rubio in Support of ofthe Debtors' Chapter 11 Petitions and First Day Motions [Docket No. 14] (the“First Day Declaration”);g. Filed on November 17, 2024, the Declaration of Alex Orchowski of KrollRestructuring Administration LLC Regarding the Solicitation of Votes andTabulation of Ballots Case on the Joint Prepackaged Chapter 11 Plan ofReorganization of Intrum AB and its Debtor Affiliate Pursuant to Chapter 11of the Bankruptcy Code [Docket No. 18] (the “Voting Declaration,” andtogether with the Plan, the Disclosure Statement, the Ballots, and theSolicitation Affidavit, the “Solicitation Materials”);h. obtained, on November 19, 2024, the Order(I) Scheduling a Combined Hearingon (A) Adequacy of the Disclosure Statement and (B) Confirmation of the Plan,(II) Approving Solicitation Procedures and Form and Manner of Notice ofCommencement, Combined Hearing, and Objection Deadline, (III) FixingDeadline to Object to Disclosure Statement and Plan, (IV) Conditionally (A)Directing the United States Trustee Not to Convene Section 341 Meeting ofCreditors and (B) Waiving Requirement to File Statements of Financial Affairsand Schedules of Assets and Liabilities, and (V) Granting Related Relief[Docket No. 71] (the “Scheduling Order”), which, among other things: (i)approved the prepetition solicitation and voting procedures, including theConfirmation Schedule (as defined therein); (ii) conditionally approved theDisclosure Statement and its use in the Solicitation; and (iii) scheduled theCombined Hearing on December 16, 2024, at 1:00 p.m. (prevailing CentralCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 3 o of f1 133453Time) to consider the final approval of the Disclosure Statement and theconfirmation of the Plan (the “Combined Hearing”);i. served, through Kroll, on November 20, 2025, on all known holders of Claimsand Interests, the U.S. Trustee and certain other parties in interest, the Noticeof: (I) Commencement of Chapter 11 Bankruptcy Cases; (II) Hearing on theDisclosure Statement and Confirmation of the Plan, and (III) Certain ObjectionDeadlines (the “Combined Hearing Notice”) as evidence by the Affidavit ofService [Docket No. 160];j. caused, on November 25 and 27, 2024, the Combined Hearing Notice to bepublished in the New York Times (national and international editions) and theFinancial Times (international edition), as evidenced by the Certificate ofPublication [Docket No. 148];k. Filed and served, on December 10, 2024, the Plan Supplement for the Debtors'Joint Prepackaged Chapter 11 Plan of Reorganization [Docket 165];l. Filed on December 10, 2024, the Declaration of Jeffrey Kopa in Support ofConfirmation of the Joint Prepackaged Plan of Reorganization of Intrum ABand its Debtor Affiliate Pursuant to Chapter 11 of the Bankruptcy Code [DocketNo. 155];m. Filed on December 14, 2024, the:i. Debtors' Memorandum of Law in Support of an Order: (I) Approving, on aFinal Basis, Adequacy of the Disclosure Statement; (II) Confirming theJoint Prepackaged Plan of Reorganization; and (III) Granting Related Relief[Docket No. 190] (the “Confirmation Brief”);ii. Declaration of Andrés Rubio in Support of Confirmation of the JointPrepackaged Plan of Reorganization of Intrum AB and its Debtor Affiliate.[Docket No. 189] (the “Confirmation Declaration”); andiii. Joint Prepackaged Chapter 11 Plan of Reorganization of Intrum AB and itsDebtor Affiliate Pursuant to Chapter 11 of the Bankruptcy Code (FurtherTechnical Modifications) [Docket No. 191];n. Filed on December 18, 2024, the Joint Prepackaged Chapter 11 Plan ofReorganization of Intrum AB and its Debtor Affiliate Pursuant to Chapter 11of the Bankruptcy Code (Further Technical Modifications) [Docket No. 223];CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 3 4 o of f1 133454WHEREAS, the Court having, among other things:a. set December 12, 2024, at 4:00 p.m. (prevailing Central Time) as the deadlinefor Filing objection to the adequacy of the Disclosure Statement and/orConfirmation2 of the Plan (the “Objection Deadline”);b. held, on December 16, 2024 at 1:00 p.m. (prevailing Central Time) [andcontinuing through December 17, 2024], the Combined Hearing;c. heard the statements, arguments, and any objections made at the CombinedHearing;d. reviewed the Disclosure Statement, the Plan, the Ballots, the Plan Supplement,the Confirmation Brief, the Confirmation Declaration, the SolicitationAffidavit, and the Voting Declaration;e. overruled (i) any and all objections to approval of the Disclosure Statement, thePlan, and Confirmation, except as otherwise stated or indicated on the record,and (ii) all statements and reservations of rights not consensually resolved orwithdrawn, unless otherwise indicated; andf. reviewed and taken judicial notice of all the papers and pleadings Filed(including any objections, statement, joinders, reservations of rights and otherresponses), all orders entered, and all evidence proffered or adduced and allarguments made at the hearings held before the Court during the pendency ofthese cases;NOW, THEREFORE, it appearing to the Bankruptcy Court that notice of theCombined Hearing and the opportunity for any party in interest to object to the DisclosureStatement and the Plan having been adequate and appropriate as to all parties affected or to beaffected by the Plan and the transactions contemplated thereby, and the legal and factual bases setforth in the documents Filed in support of approval of the Disclosure Statement and Confirmationand other evidence presented at the Combined Hearing establish just cause for the relief grantedherein; and after due deliberation thereon and good cause appearing therefor, the BankruptcyCourt makes and issues the following findings of fact and conclusions of law, and orders for thereasons stated on the record at the December 31, 2024 ruling on plan confirmation;2 Capitalized terms used but not otherwise defined herein have meanings given to them in the Plan and/or theDisclosure Statement. The rules of interpretation set forth in Article I.B of the Plan apply to this CombinedOrder.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 4 5 o of f1 133455I. FINDINGS OF FACT AND CONCLUSIONS OF LAWIT IS HEREBY FOUND AND DETERMINED THAT:A. Findings of Fact and Conclusions of Law.1. The findings and conclusions set forth herein and in the record of theCombined Hearing constitute the Bankruptcy Court's findings of fact and conclusions of law underRule 52 of the Federal Rules of Civil Procedure, as made applicable herein by Bankruptcy Rules7052 and 9014. To the extent any of the following conclusions of law constitute findings of fact,or vice versa, they are adopted as such.B. Jurisdiction, Venue, Core Proceeding.2. This Court has jurisdiction over these Chapter 11 Cases pursuant to28 U.S.C. § 1334. Venue of these proceedings and the Chapter 11 Cases in this district is properpursuant to 28 U.S.C. §§ 1408 and 1409. This is a core proceeding pursuant to 28 U.S.C.§ 157(b)(2) and this Court may enter a final order hereon under Article III of the United StatesConstitution.C. Eligibility for Relief.3. The Debtors were and continue to be entities eligible for relief under section109 of the Bankruptcy Code and the Debtors were and continue to be proper proponents of thePlan under section 1121(a) of the Bankruptcy Code.D. Commencement and Joint Administration of the Chapter 11 Cases.4. On the Petition Date, the Debtors commenced the Chapter 11 Cases. OnNovember 18, 2024, the Court entered an order [Docket No. 51] authorizing the jointadministration of the Chapter 11 Case in accordance with Bankruptcy Rule 1015(b). The Debtorshave operated their businesses and managed their properties as debtors in possession pursuant toCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 5 6 o of f1 133456sections 1107(a) and 1108 of the Bankruptcy Code. No trustee, examiner, or statutory committeehas been appointed in these Chapter 11 Cases.E. Adequacy of the Disclosure Statement.5. The Disclosure Statement and the exhibits contained therein (i) containssufficient information of a kind necessary to satisfy the disclosure requirements of applicablenonbankruptcy laws, rules and regulations, including the Securities Act; and (ii) contains“adequate information” as such term is defined in section 1125(a)(1) and used in section1126(b)(2) of the Bankruptcy Code, with respect to the Debtors, the Plan and the transactionscontemplated therein. The Filing of the Disclosure Statement satisfied Bankruptcy Rule 3016(b).The injunction, release, and exculpation provisions in the Plan and the Disclosure Statementdescribe, in bold font and with specific and conspicuous language, all acts to be enjoined andidentify the Entities that will be subject to the injunction, thereby satisfying Bankruptcy Rule3016(c).F. Solicitation.6. As described in and evidenced by the Voting Declaration, the Solicitationand the transmittal and service of the Solicitation Materials were: (i) timely, adequate, appropriate,and sufficient under the circumstances; and (ii) in compliance with sections 1125(g) and 1126(b)of the Bankruptcy Code, Bankruptcy Rules 3017 and 3018, the applicable Local Bankruptcy Rules,the Scheduling Order and all applicable nonbankruptcy rules, laws, and regulations applicable tothe Solicitation, including the registration requirements under the Securities Act. The SolicitationMaterials, including the Ballots and the Opt Out Form (as defined below), adequately informedthe holders of Claims entitled to vote on the Plan of the procedures and deadline for completingand submitting the Ballots.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 6 7 o of f1 1334577. The Debtors served the Combined Hearing Notice on the entire creditormatrix and served the Opt Out Form on all Non-Voting Classes. The Combined Hearing Noticeadequately informed Holders of Claims or Interests of critical information regarding voting on (ifapplicable) and objecting to the Plan, including deadlines and the inclusion of release, exculpation,and injunction provisions in the Plan, and adequately summarized the terms of the Third-PartyRelease. Further, because the form enabling stakeholders to opt out of the Third-Party Release (the“Opt Out Form”) was included in both the Ballots and the Opt Out Form, every known stakeholder,including unimpaired creditors was provided with the means by which the stakeholders could optout of the Third-Party Release. No further notice is required. The period for voting on the Planprovided a reasonable and sufficient period of time and the manner of such solicitation was anappropriate process allowing for such holders to make an informed decision.G. Tabulation.8. As described in and evidenced by the Voting Declaration, (i) the holders ofClaims in Class 3 (RCF Claims) and Class 5 (Notes Claims) are Impaired under the Plan(collectively, the “Voting Classes”) and have voted to accept the Plan in the numbers and amountsrequired by section 1126 of the Bankruptcy Code, and (ii) no Class that was entitled to vote on thePlan voted to reject the Plan. All procedures used to tabulate the votes on the Plan were in goodfaith, fair, reasonable, and conducted in accordance with the applicable provisions of theBankruptcy Code, the Bankruptcy Rules, the Local Rules, the Disclosure Statement, theScheduling Order, and all other applicable nonbankruptcy laws, rules, and regulations.H. Plan Supplement.9. On December 10, 2024, the Debtors Filed the Plan Supplement with theCourt. The Plan Supplement (including as subsequently modified, supplemented, or otherwiseCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 7 8 o of f1 133458amended pursuant to a filing with the Court), complies with the terms of the Plan, and the Debtorsprovided good and proper notice of the filing in accordance with the Bankruptcy Code, theBankruptcy Rules, the Scheduling Order, and the facts and circumstances of the Chapter 11 Cases.All documents included in the Plan Supplement are integral to, part of, and incorporated byreference into the Plan. No other or further notice is or will be required with respect to the PlanSupplement. Subject to the terms of the Plan and the Lock-Up Agreement, and only consistenttherewith, the Debtors reserve the right to alter, amend, update, or modify the Plan Supplementand any of the documents contained therein or related thereto, in accordance with the Plan, on orbefore the Effective Date.I. Modifications to the Plan.10. Pursuant to section 1127 of the Bankruptcy Code, the modifications to thePlan described or set forth in this Combined Order constitute technical or clarifying changes,changes with respect to particular Claims by agreement with holders of such Claims, ormodifications that do not otherwise materially and adversely affect or change the treatment of anyother Claim or Interest under the Plan. These modifications are consistent with the disclosurespreviously made pursuant to the Disclosure Statement and Solicitation Materials, and notice ofthese modifications was adequate and appropriate under the facts and circumstances of the Chapter11 Cases. In accordance with Bankruptcy Rule 3019, these modifications do not require additionaldisclosure under section 1125 of the Bankruptcy Code or the resolicitation of votes under section1126 of the Bankruptcy Code, and they do not require that holders of Claims or Interests beafforded an opportunity to change previously cast acceptances or rejections of the Plan.Accordingly, the Plan is properly before this Court and all votes cast with respect to the Plan priorto such modification shall be binding and shall apply with respect to the Plan.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Filieledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 8 9 o of f1 133459J. Objections Overruled.11. Any resolution or disposition of objections to Confirmation explained orotherwise ruled upon by the Court on the record at the Confirmation Hearing is herebyincorporated by reference. All unresolved objections, statements, joinders, informal objections,and reservations of rights are hereby overruled on the merits.K. Burden of Proof.12. The Debtors, as proponents of the Plan, have met their burden of provingthe elements of sections 1129(a) and 1129(b) of the Bankruptcy Code by a preponderance of theevidence, the applicable evidentiary standard for Confirmation. Further, the Debtors have proventhe elements of sections 1129(a) and 1129(b) by clear and convincing evidence. Each witness whotestified on behalf of the Debtors in connection with the Confirmation Hearing was credible,reliable, and qualified to testify as to the topics addressed in his testimony.L. Compliance with the Requirements of Section 1129 of the BankruptcyCode.13. The Plan complies with all applicable provisions of section 1129 of theBankruptcy Code as follows:a. Section 1129(a)(1) – Compliance of the Plan with Applicable Provisions of theBankruptcy Code.14. The Plan complies with all applicable provisions of the Bankruptcy Code,including sections 1122 and 1123, as required by section 1129(a)(1) of the Bankruptcy Code.i. Section 1122 and 1123(a)(1) – Proper Classification.15. The classification of Claims and Interests under the Plan is proper under theBankruptcy Code. In accordance with sections 1122(a) and 1123(a)(1) of the Bankruptcy Code,Article III of the Plan provides for the separate classification of Claims and Interests at each Debtorinto Classes, based on differences in the legal nature or priority of such Claims and Interests (otherCaCsaes e2 42-49-09507557 5 D oDcoucmumenetn 2t 9266-32 FFiilleedd iinn TTXXSSBB oonn 1021//3113//2245 PPaaggee 91 0o fo 1f 3143510than Administrative Claims, Professional Fee Claims, and Priority Tax Claims, which areaddressed in Article II of the Plan and Unimpaired, and are not required to be designated asseparate Classes in accordance with section 1123(a)(1) of the Bankruptcy Code). Valid business,factual, and legal reasons exist for the separate classification of the various Classes of Claims andInterests created under the Plan, the classifications were not implemented for any improperpurpose, and the creation of such Classes does not unfairly discriminate between or among holdersof Claims or Interests.16. In accordance with section 1122(a) of the Bankruptcy Code, each Class ofClaims or Interests contains only Claims or Interests substantially similar to the other Claims orInterests within that Class. Accordingly, the Plan satisfies the requirements of sections 1122(a),1122(b), and 1123(a)(1) of the Bankruptcy Codeii. Section 1123(a)(2) – Specifications of Unimpaired Classes.17. Article III of the Plan specifies that Claims and Interests in the classesdeemed to accept the Plan are Unimpaired under the Plan. Holders of Intercompany Claims andIntercompany Interests are either Unimpaired and conclusively presumed to have accepted thePlan, or are Impaired and deemed to reject (the “Deemed Rejecting Classes”) the Plan, and, ineither event, are not entitled to vote to accept or reject the Plan. In addition, Article II of the Planspecifies that Administrative Claims and Priority Tax Claims are Unimpaired, although the Plandoes not classify these Claims. Accordingly, the Plan satisfies the requirements of section1123(a)(2) of the Bankruptcy Code.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 101 o of f1 1334511iii. Section 1123(a)(3) – Specification of Treatment of Voting Classes18. Article III.B of the Plan specifies the treatment of each Voting Class underthe Plan – namely, Class 3 and Class 5. Accordingly, the Plan satisfies the requirements of section1123(a)(3) of the Bankruptcy Code.iv. Section 1123(a)(4) – No Discrimination.19. Article III of the Plan provides the same treatment to each Claim or Interestin any particular Class, as the case may be, unless the holder of a particular Claim or Interest hasagreed to a less favorable treatment with respect to such Claim or Interest. Accordingly, the Plansatisfies the requirements of section 1123(a)(4) of the Bankruptcy Code.v. Section 1123(a)(5) – Adequate Means for Plan Implementation.20. The Plan and the various documents included in the Plan Supplementprovide adequate and proper means for the Plan's execution and implementation, including: (a)the general settlement of Claims and Interests; (b) the restructuring of the Debtors' balance sheetand other financial transactions provided for by the Plan; (c) the consummation of the transactionscontemplated by the Plan, the Lock-Up Agreement, the Restructuring Implementation Deed andthe Agreed Steps Plan and other documents Filed as part of the Plan Supplement; (d) the issuanceof Exchange Notes, the New Money Notes, and the Noteholder Ordinary Shares pursuant to thePlan; (e) the amendment of the Intercreditor Agreement; (f) the amendment of the FacilityAgreement; (g) the amendment of the Senior Secured Term Loan Agreement; (h) theconsummation of the Rights Offering in accordance with the Plan, Rights Offering Documentsand the Lock-Up Agreement; (i) the granting of all Liens and security interests granted orconfirmed (as applicable) pursuant to, or in connection with, the Facility Agreement, the ExchangeNotes Indenture, the New Money Notes Indenture, the amended Intercreditor Agreement and theCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 112 o of f1 1334512Senior Secured Term Loan Agreement pursuant to the New Security Documents (including anyLiens and security interests granted or confirmed (as applicable) on the Reorganized Debtors'assets); (j) the vesting of the assets of the Debtors' Estates in the Reorganized Debtors; (k) theconsummation of the corporate reorganization contemplated by the Plan, the Lock-Up Agreement,the Agreed Steps Plan and the Master Reorganization Agreement (as defined in the RestructuringImplementation Deed); and (l) the execution, delivery, filing, or recording of all contracts,instruments, releases, and other agreements or documents in furtherance of the Plan. Accordingly,the Plan satisfies the requirements of section 1123(a)(5) of the Bankruptcy Codevi. Section 1123(a)(6) – Non-Voting Equity Securities.21. The Company's organizational documents in accordance with the SwedishCompanies Act, Ch. 4, Sec 5 and the Plan prohibit the issuance of non-voting securities as of theEffective Date to the extent required to comply with section 1123(a)(6) of the Bankruptcy Code.Accordingly, the Plan satisfies the requirements of section 1123(a)(6) of the Bankruptcy Code.vii. Section 1123(a)(7) – Directors, Officers, and Trustees.22. The manner of selection of any officer, director, or trustee (or any successorto and such officer, director, or trustee) of the Reorganized Debtors will be determined inaccordance with the existing organizational documents, which is consistent with the interests ofcreditors and equity holders and with public policy. Accordingly, the Plan satisfies therequirements of section 1123(a)(7) of the Bankruptcy Code.b. Section 1123(b) – Discretionary Contents of the Plan23. The Plan contains various provisions that may be construed as discretionarybut not necessary for Confirmation under the Bankruptcy Code. Any such discretionary provisionCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 123 o of f1 1334513complies with section 1123(b) of the Bankruptcy Code and is not inconsistent with the applicableprovisions of the Bankruptcy Code. Thus, the Plan satisfies section 1123(b).i. Section 1123(b)(1) – Impairment/Unimpairment of Any Class of Claims orInterests24. Article III of the Plan impairs or leaves unimpaired, as the case may be,each Class of Claims or Interests, as contemplated by section 1123(b)(1) of the Bankruptcy Code.ii. Section 1123(b)(2) – Assumption and Rejection of Executory Contracts andUnexpired Leases25. Article V of the Plan provides for the assumption of the Debtors' ExecutoryContracts and Unexpired Leases as of the Effective Date unless such Executory Contract orUnexpired Lease: (a) is identified on the Rejected Executory Contract and Unexpired Lease List;(b) has been previously rejected by a Final Order; (c) is the subject of a motion to reject ExecutoryContracts or Unexpired Leases that is pending on the Confirmation Date; or (4) is subject to amotion to reject an Executory Contract or Unexpired Lease pursuant to which the requestedeffective date of such rejection is after the Effective Date. Thus, the Plan satisfies section1123(b)(2).iii. Compromise and Settlement26. In accordance with section 1123(b)(3)(A) of the Bankruptcy Code andBankruptcy Rule 9019, and in consideration for the distributions and other benefits provided underthe Plan, the provisions of the Plan constitute a good-faith compromise of all Claims, Interests,and controversies relating to the contractual, legal, and subordination rights that all holders ofClaims or Interests may have with respect to any Allowed Claim or Interest or any distribution tobe made on account of such Allowed Claim or Interest. Such compromise and settlement is theproduct of extensive arm's-length, good faith negotiations that, in addition to the Plan, resulted inCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 134 o of f1 1334514the execution of the Lock-Up Agreement, which represents a fair and reasonable compromise ofall Claims, Interests, and controversies and entry into which represented a sound exercise of theDebtors' business judgment. Such compromise and settlement is fair, equitable, and reasonableand in the best interests of the Debtors and their Estates.27. The releases of the Debtors' directors and officers are an integral componentof the settlements and compromises embodied in the Plan. The Debtors' directors and officers: (a)made a substantial and valuable contribution to the Debtors' restructuring, including extensive preandpost-Petition Date negotiations with stakeholder groups, and ensured the uninterruptedoperation of the Debtors' businesses during the Chapter 11 Cases; (b) invested significant timeand effort to make the restructuring a success and maximize the value of the Debtors' businessesin a challenging operating environment; (c) attended and, in certain instances, testified atdepositions and Court hearings; (d) attended and participated in numerous stakeholder meetings,management meetings, and board meetings related to the restructuring; (e) are entitled toindemnification from the Debtors under applicable non-bankruptcy law, organizationaldocuments, and agreements; (f) invested significant time and effort in the preparation of the Lock-Up Agreement, the Plan, Disclosure Statement, all supporting analyses, and the numerous otherpleadings Filed in the Chapter 11 Cases, thereby ensuring the smooth administration of the Chapter11 Cases; and (g) are entitled to all other benefits under any employment contracts existing as ofthe Petition Date. Litigation by the Debtors or other Releasing Parties against the Debtors'directors and officers would be a distraction to the Debtors' business and restructuring and woulddecrease rather than increase the value of the estates. The releases of the Debtors' directors andofficers contained in the Plan have the consent of the Debtors and the Releasing Parties and are inthe best interests of the estates.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 145 o of f1 1334515iv. Debtor Release28. The releases of claims and Causes of Action by the Debtors, ReorganizedDebtors, and their Estates described in Article VIII.C of the Plan in accordance with section1123(b) of the Bankruptcy Code (the “Debtor Release”) represent a valid exercise of the Debtors'business judgment under Bankruptcy Rule 9019. The Debtors' or the Reorganized Debtors' pursuitof any such claims against the Released Parties is not in the best interests of the Estates' variousconstituencies because the costs involved would outweigh any potential benefit from pursuingsuch claims. The Debtor Release is fair and equitable and complies with the absolute priority rule.29. The Debtor Release is (a) an integral part of the Plan, and a component ofthe comprehensive settlement implemented under the Plan; (b) in exchange for the good andvaluable consideration provided by the Released Parties; (c) a good faith settlement andcompromise of the claims and Causes of Action released by the Debtor Release; (d) materiallybeneficial to, and in the best interests of, the Debtors, their Estates, and their stakeholders, and isimportant to the overall objectives of the Plan to finally resolve certain Claims among or againstcertain parties in interest in the Chapter 11 Cases; (e) fair, equitable, and reasonable; (f) given andmade after due notice and opportunity for hearing; and (g) a bar to any Debtor asserting any claimor Cause of Action released by the Debtor Release against any of the Released Parties. Theprobability of success in litigation with respect to the released claims and Causes of Action, whenweighed against the costs, supports the Debtor Release. With respect to each of these potentialCauses of Action, the parties could assert colorable defenses and the probability of success isuncertain. The Debtors' or the Reorganized Debtors' pursuit of any such claims or Causes ofAction against the Released Parties is not in the best interests of the Estates or the Debtors' variousCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 156 o of f1 1334516constituencies because the costs involved would likely outweigh any potential benefit frompursuing such claims or Causes of Action30. Holders of Claims and Interests entitled to vote have overwhelmingly votedin favor of the Plan, including the Debtor Release. The Plan, including the Debtor Release, wasnegotiated before and after the Petition Date by sophisticated parties represented by able counseland advisors, including the Consenting Creditors. The Debtor Release is therefore the result of ahard fought and arm's-length negotiation process conducted in good faith.31. The Debtor Release appropriately offers protection to parties thatparticipated in the Debtors' restructuring process, including the Consenting Creditors, whoseparticipation in the Chapter 11 Cases is critical to the Debtors' successful emergence frombankruptcy. Specifically, the Released Parties, including the Consenting Creditors, madesignificant concessions and contributions to the Chapter 11 Cases, including, entering into theLock-Up Agreement and related agreements, supporting the Plan and the Chapter 11 Cases, andwaiving or agreeing to impair substantial rights and Claims against the Debtors under the Plan (aspart of the compromises composing the settlement underlying the revised Plan) in order tofacilitate a consensual reorganization and the Debtors' emergence from chapter 11. The DebtorRelease for the Debtors' directors and officers is appropriate because the Debtors' directors andofficers share an identity of interest with the Debtors and, as previously stated, supported and madesubstantial contributions to the success of the Plan, the Chapter 11 Cases, and operation of theDebtors' business during the Chapter 11 Cases, actively participated in meetings, negotiations, andimplementation during the Chapter 11 Cases, and have provided other valuable consideration tothe Debtors to facilitate the Debtors' successful reorganization and continued operation.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 167 o of f1 133451732. The scope of the Debtor Release is appropriately tailored under the factsand circumstances of the Chapter 11 Cases. In light of, among other things, the value provided bythe Released Parties to the Debtors' Estates and the critical nature of the Debtor Release to thePlan, the Debtor Release is appropriate.v. Release by Holders of Claims and Interests33. The release by the Releasing Parties (the “Third-Party Release”), set forthin Article VIII.D of the Plan, is an essential provision of the Plan. The Third-Party Release is: (a)consensual as to those Releasing Parties that did not specifically and timely object or properly optout from the Third-Party Release; (b) within the jurisdiction of the Bankruptcy Court pursuant to28 U.S.C. § 1334; (c) in exchange for the good and valuable consideration provided by theReleased Parties; (d) a good faith settlement and compromise of the claims and Causes of Actionreleased by the Third-Party Release; (e) materially beneficial to, and in the best interests of, theDebtors, their Estates, and their stakeholders, and is important to the overall objectives of the Planto finally resolve certain Claims among or against certain parties in interest in the Chapter 11Cases; (f) fair, equitable, and reasonable; (g) given and made after due notice and opportunity forhearing; (h) appropriately narrow in scope given that it expressly excludes, among other things,any Cause of Action that is judicially determined by a Final Order to have constituted actual fraud,willful misconduct, or gross negligence; (i) a bar to any of the Releasing Parties asserting anyclaim or Cause of Action released by the Third-Party Release against any of the Released Parties;and (j) consistent with sections 105, 524, 1123, 1129, and 1141 and other applicable provisions ofthe Bankruptcy Code.34. The Third-Party Release is an integral part of the agreement embodied inthe Plan among the relevant parties in interest. Like the Debtor Release, the Third-Party ReleaseCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 178 o of f1 1334518facilitated participation in both the Debtors' Plan and the chapter 11 process generally. The Third-Party Release is instrumental to the Plan and was critical in incentivizing parties to support thePlan and preventing significant and time-consuming litigation regarding the parties' respectiverights and interests. The Third-Party Release was a core negotiation point in connection with thePlan and instrumental in developing the Plan that maximized value for all of the Debtors'stakeholders and kept the Debtors intact as a going concern. As such, the Third-Party Releaseappropriately offers certain protections to parties who constructively participated in the Debtors'restructuring process—including the Consenting Creditors (as set forth above)—by, among otherthings, facilitating the negotiation and consummation of the Plan, supporting the Plan and, in thecase of the Backstop Providers, committing to provide new capital to facilitate the Debtors'emergence from chapter 11. Specifically, the Notes Ad Hoc Group proposed and negotiated thepari passu transaction that is the basis of the restructuring proposed under the Plan and provideda much-needed deleveraging to the Debtors' business while taking a discount on their Claims (inexchange for other consideration).35. Furthermore, the Third-Party Release is consensual as to all parties ininterest, including all Releasing Parties, and such parties in interest were provided notice of thechapter 11 proceedings, the Plan, the deadline to object to confirmation of the Plan, and theCombined Hearing and were properly informed that all holders of Claims against or Interests inthe Debtors that did not file an objection with the Court in the Chapter 11 Cases that included anexpress objection to the inclusion of such holder as a Releasing Party under the provisionscontained in Article VIII of the Plan would be deemed to have expressly, unconditionally,generally, individually, and collectively consented to the release and discharge of all claims andCauses of Action against the Debtors and the Released Parties. Additionally, the release provisionsCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 189 o of f1 1334519of the Plan were conspicuous, emphasized with boldface type in the Plan, the DisclosureStatement, the Ballots, and the applicable notices. Except as set forth in the Plan, all ReleasingParties were properly informed that unless they (a) checked the “opt out” box on the applicableBallot or opt-out form and returned the same in advance of the Voting Deadline, as applicable, or(b) timely Filed an objection to the releases contained in the Plan that was not resolved beforeentry of this Confirmation Order, they would be deemed to have expressly consented to the releaseof all Claims and Causes of Action against the Released Parties.36. The Ballots sent to all holders of Claims and Interests entitled to vote, aswell as the notice of the Combined Hearing sent to all known parties in interest (including thosenot entitled to vote on the Plan), unambiguously provided in bold letters that the Third-PartyRelease was contained in the Plan.37. The scope of the Third-Party Release is appropriately tailored under thefacts and circumstances of the Chapter 11 Cases, and parties in interest received due and adequatenotice of the Third-Party Release. Among other things, the Plan provides appropriate and specificdisclosure with respect to the claims and Causes of Action that are subject to the Third-PartyRelease, and no other disclosure is necessary. The Debtors, as evidenced by the VotingDeclaration and Certificate of Publication, including by providing actual notice to all knownparties in interest, including all known holders of Claims against, and Interests in, any Debtor andpublishing notice in international and national publications for the benefit of unknown parties ininterest, provided sufficient notice of the Third-Party Release, and no further or other notice isnecessary. The Third-Party Release is designed to provide finality for the Debtors, theReorganized Debtors and the Released Parties regarding the parties' respective obligations underthe Plan. For the avoidance of doubt, and notwithstanding anything to the contrary, anyparty who timely opted-out of the Third-Party Release is not bound by the Third-PartyRelease.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 1 290 o of f1 133452038. The Third-Party Release is specific in language, integral to the Plan, andgiven for substantial consideration. The Releasing Parties were given due and adequate notice ofthe Third-Party Release, and thus the Third-Party Release is consensual under controllingprecedent as to those Releasing Parties that did not specifically and timely object. In light of,among other things, the value provided by the Released Parties to the Debtors' Estates and theconsensual and critical nature of the Third-Party Release to the Plan, the Third-Party Release isappropriatevi. Exculpation.39. The exculpation described in Article VIII.E of the Plan (the “Exculpation”)is appropriate under applicable law, including In re Highland Capital Mgmt., L.P., 48 F. 4th 419(5th Cir. 2022), because it was supported by proper evidence, proposed in good faith, wasformulated following extensive good-faith, arm's-length negotiations with key constituents, and isappropriately limited in scope.40. No Entity or Person may commence or continue any action, employ anyprocess, or take any other act to pursue, collect, recover or offset any Claim, Interest, debt,obligation, or Cause of Action relating or reasonably likely to relate to any act or commission inconnection with, relating to, or arising out of a Covered Matter (including one that alleges theactual fraud, gross negligence, or willful misconduct of a Covered Entity), unless expresslyauthorized by the Bankruptcy Court after (1) it determines, after a notice and a hearing, such Claim,Interest, debt, obligation, or Cause of Action is colorable and (2) it specifically authorizes suchEntity or Person to bring such Claim or Cause of Action. The Bankruptcy Court shall have soleand exclusive jurisdiction to determine whether any such Claim, Interest, debt, obligation or Causeof Action is colorable and, only to the extent legally permissible and as provided for in Article XI,CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 201 o of f1 1334521shall have jurisdiction to adjudicate such underlying colorable Claim, Interest, debt, obligation, orCause of Action.vii. Injunction.41. The injunction provisions set forth in Article VIII.F of the Plan are essentialto the Plan and are necessary to implement the Plan and to preserve and enforce the discharge,Debtor Release, the Third-Party Release, and the Exculpation provisions in Article VIII of thePlan. The injunction provisions are appropriately tailored to achieve those purposes.viii. Preservation of Claims and Causes of Action.42. Article IV.L of the Plan appropriately provides for the preservation by theDebtors of certain Causes of Action in accordance with section 1123(b) of the Bankruptcy Code.Causes of Action not released by the Debtors or exculpated under the Plan will be retained by theReorganized Debtors as provided by the Plan. The Plan is sufficiently specific with respect to theCauses of Action to be retained by the Debtors, and the Plan and Plan Supplement providemeaningful disclosure with respect to the potential Causes of Action that the Debtors may retain,and all parties in interest received adequate notice with respect to such retained Causes of Action.The provisions regarding Causes of Action in the Plan are appropriate and in the best interests ofthe Debtors, their respective Estates, and holders of Claims or Interests. For the avoidance of anydoubt, Causes of Action released or exculpated under the Plan will not be retained by theReorganized Debtors.c. Section 1123(d) – Cure of Defaults43. Article V.D of the Plan provides for the satisfaction of Cure Claimsassociated with each Executory Contract and Unexpired Lease to be assumed in accordance withsection 365(b)(1) of the Bankruptcy Code. Any monetary defaults under each assumed ExecutoryCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 212 o of f1 1334522Contract or Unexpired Lease shall be satisfied, pursuant to section 365(b)(1) of the BankruptcyCode, by payment of the default amount in Cash on the Effective Date, subject to the limitationsdescribed in Article V.D of the Plan, or on such other terms as the parties to such ExecutoryContracts or Unexpired Leases may otherwise agree. Any Disputed Cure Amounts will bedetermined in accordance with the procedures set forth in Article V.D of the Plan, and applicablebankruptcy and nonbankruptcy law. As such, the Plan provides that the Debtors will Cure, orprovide adequate assurance that the Debtors will promptly Cure, defaults with respect to assumedExecutory Contracts and Unexpired Leases in accordance with section 365(b)(1) of theBankruptcy Code. Thus, the Plan complies with section 1123(d) of the Bankruptcy Code.d. Section 1129(a)(2) – Compliance of the Debtors and Others with the ApplicableProvisions of the Bankruptcy Code.44. The Debtors, as proponents of the Plan, have complied with all applicableprovisions of the Bankruptcy Code as required by section 1129(a)(2) of the Bankruptcy Code,including sections 1122, 1123, 1124, 1125, 1126, and 1128, and Bankruptcy Rules 3017, 3018,and 3019.e. Section 1129(a)(3) – Proposal of Plan in Good Faith.45. The Debtors have proposed the Plan in good faith, in accordance with theBankruptcy Code requirements, and not by any means forbidden by law. In determining that thePlan has been proposed in good faith, the Court has examined the totality of the circumstancesfiling of the Chapter 11 Cases, including the formation of Intrum AB of Texas LLC (“IntrumTexas”), the Plan itself, and the process leading to its formulation. The Debtors' good faith isevident from the facts and record of the Chapter 11 Cases, the Disclosure Statement, and the recordof the Combined Hearing and other proceedings held in the Chapter 11 CasesCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 223 o of f1 133452346. The Plan (including the Plan Supplement and all other documents necessaryto effectuate the Plan) is the product of good faith, arm's-length negotiations by and among theDebtors, the Debtors' directors and officers and the Debtors' key stakeholders, including theConsenting Creditors and each of their respective professionals. The Plan itself and the processleading to its formulation provide independent evidence of the Debtors' and such other parties'good faith, serve the public interest, and assure fair treatment of holders of Claims or Interests.Consistent with the overriding purpose of chapter 11, the Debtors Filed the Chapter 11 Cases withthe belief that the Debtors were in need of reorganization and the Plan was negotiated and proposedwith the intention of accomplishing a successful reorganization and maximizing stakeholder value,and for no ulterior purpose. Accordingly, the requirements of section 1129(a)(3) of the BankruptcyCode are satisfied.f. Section 1129(a)(4) – Court Approval of Certain Payments as Reasonable.47. Any payment made or to be made by the Debtors, or by a person issuingsecurities or acquiring property under the Plan, for services or costs and expenses in connectionwith the Chapter 11 Cases, or in connection with the Plan and incident to the Chapter 11 Cases,has been approved by, or is subject to the approval of, the Court as reasonable. Accordingly, thePlan satisfies the requirements of section 1129(a)(4).g. Section 1129(a)(5)—Disclosure of Directors and Officers and Consistency with theInterests of Creditors and Public Policy.48. The identities of or process for appointment of the Reorganized Debtors'directors and officers proposed to serve after the Effective Date were disclosed in the PlanSupplement in advance of the Combined Hearing. Accordingly, the Debtors have satisfied therequirements of section 1129(a)(5) of the Bankruptcy Code.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 234 o of f1 1334524h. Section 1129(a)(6)—Rate Changes.49. The Plan does not contain any rate changes subject to the jurisdiction of anygovernmental regulatory commission and therefore will not require governmental regulatoryapproval. Therefore, section 1129(a)(6) of the Bankruptcy Code does not apply to the Plan.i. Section 1129(a)(7)—Best Interests of Holders of Claims and Interests.50. The liquidation analysis attached as Exhibit D to the Disclosure Statementand the other evidence in support of the Plan that was proffered or adduced at the CombinedHearing, and the facts and circumstances of the Chapter 11 Cases are (a) reasonable, persuasive,credible, and accurate as of the dates such analysis or evidence was prepared, presented orproffered; (b) utilize reasonable and appropriate methodologies and assumptions; (c) have not beencontroverted by other evidence; and (d) establish that each holder of Allowed Claims or Interestsin each Class will recover as much or more value under the Plan on account of such Claim orInterest, as of the Effective Date, than the amount such holder would receive if the Debtors wereliquidated on the Effective Date under chapter 7 of the Bankruptcy Code or has accepted the Plan.As a result, the Debtors have demonstrated that the Plan is in the best interests of their creditorsand equity holders and the requirements of section 1129(a)(7) of the Bankruptcy Code are satisfied.j. Section 1129(a)(8)—Conclusive Presumption of Acceptance by UnimpairedClasses; Acceptance of the Plan by Certain Voting Classes.51. The classes deemed to accept the Plan are Unimpaired under the Plan andare deemed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. EachVoting Class voted to accept the Plan. For the avoidance of doubt, however, even if section1129(a)(8) has not been satisfied with respect to all of the Debtors, the Plan is confirmable becausethe Plan does not discriminate unfairly and is fair and equitable with respect to the Voting Classesand thus satisfies section 1129(b) of the Bankruptcy Code with respect to such Classes as describedCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 245 o of f1 1334525further below. As a result, the requirements of section 1129(b) of the Bankruptcy Code are alsosatisfied.k. Section 1129(a)(9)—Treatment of Claims Entitled to Priority Pursuant to Section507(a) of the Bankruptcy Code.52. The treatment of Administrative Claims, Professional Fee Claims, andPriority Tax Claims under Article II of the Plan satisfies the requirements of, and complies in allrespects with, section 1129(a)(9) of the Bankruptcy Code.l. Section 1129(a)(10)—Acceptance by at Least One Voting Class.53. As set forth in the Voting Declaration, all Voting Classes overwhelminglyvoted to accept the Plan. As such, there is at least one Voting Class that has accepted the Plan,determined without including any acceptance of the Plan by any insider (as defined by theBankruptcy Code), for each Debtor. Accordingly, the requirements of section 1129(a)(10) of theBankruptcy Code are satisfied.m. Section 1129(a)(11)—Feasibility of the Plan.54. The Plan satisfies section 1129(a)(11) of the Bankruptcy Code. Thefinancial projections attached to the Disclosure Statement as Exhibit D and the other evidencesupporting the Plan proffered or adduced by the Debtors at or before the Combined Hearing: (a)is reasonable, persuasive, credible, and accurate as of the dates such evidence was prepared,presented, or proffered; (b) utilize reasonable and appropriate methodologies and assumptions; (c)has not been controverted by other persuasive evidence; (d) establishes that the Plan is feasibleand Confirmation of the Plan is not likely to be followed by liquidation or the need for furtherfinancial reorganization; (e) establishes that the Debtors will have sufficient funds available tomeet their obligations under the Plan and in the ordinary course of business—including sufficientamounts of Cash to reasonably ensure payment of Allowed Claims that will receive CashCCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 256 o of f1 1334526distributions pursuant to the terms of the Plan and other Cash payments required under the Plan;and (f) establishes that the Debtors or the Reorganized Debtors, as applicable, will have thefinancial wherewithal to pay any Claims that accrue, become payable, or are allowed by FinalOrder following the Effective Date. Accordingly, the Plan satisfies the requirements of section1129(a)(11) of the Bankruptcy Code.n. Section 1129(a)(12)—Payment of Statutory Fees.55. Article XII.C of the Plan provides that all fees payable pursuant to section1930(a) of the Judicial Code, as determined by the Court at the Confirmation Hearing inaccordance with section 1128 of the Bankruptcy Code, will be paid by each of the applicableReorganized Debtors for each quarter (including any fraction of a quarter) until the Chapter 11Cases are converted, dismissed, or closed, whichever occurs first. Accordingly, the Plan satisfiesthe requirements of section 1129(a)(12) of the Bankruptcy Code.o. Section 1129(a)(13)—Retiree Benefits.56. Pursuant to section 1129(a)(13) of the Bankruptcy Code, and as provided inArticle IV.K of the Plan, the Reorganized Debtors will continue to pay all obligations on accountof retiree benefits (as such term is used in section 1114 of the Bankruptcy Code) on and after theEffective Date in accordance with applicable law. As a result, the requirements of section1129(a)(13) of the Bankruptcy Code are satisfied.p. Sections 1129(a)(14), (15), and (16)—Domestic Support Obligations, Individuals,and Nonprofit Corporations.57. The Debtors do not owe any domestic support obligations, are notindividuals, and are not nonprofit corporations. Therefore, sections 1129(a)(14), 1129(a)(15), and1129(a)(16) of the Bankruptcy Code do not apply to the Chapter 11 Cases.CCaassee 2 244-9-900557755 D Dooccuummeennt t2 29663-2 F Fileiledd i nin T TXXSSBB o onn 1 021/3/113/2/245 P Paaggee 2 267 o of f1 1334527q. Section 1129(b)—Confirmation of the Plan Over Nonacceptance of VotingClasses.58. No Classes rejected the Plan, and section 1129(b) is not applicable here,but even if it were, the Plan may be confirmed pursuant to section 1129(b)(1) of the BankruptcyCode because the Plan is fair and equitable with respect to the Deemed Rejecting Classes. ThePlan has been proposed in good faith, is reasonable, and meets the requirements and all VotingClasses have voted to accept the Plan. The treatment of Intercompany Claims and IntercompanyInterests under the Plan provides for administrative convenience does not constitute a distributionunder the Plan on account of suc

This lecture excerpt comprehensively covers Limited Liability Companies (LLCs) and securities regulation, two crucial areas of corporate law. It details LLC formation, emphasizing Articles of Organization and the crucial Operating Agreement, and explores various management structures and tax implications including pass-through taxation and the option for corporate taxation. The section on securities regulation explains the Securities Act of 1933 and the Securities Exchange Act of 1934, focusing on registration requirements, disclosure obligations, and the prevention of insider trading. Hypothetical scenarios illustrate the practical application of these legal concepts, reinforcing the lecture's emphasis on compliance and the importance of understanding the legal and ethical responsibilities associated with LLCs and securities. --- Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

This Day in Legal History: Black TuesdayOn October 29, 1929, the United States experienced a significant legal and economic turning point with the stock market crash known as "Black Tuesday." This day marked the beginning of the Great Depression, a period of profound economic hardship that spurred vast changes in U.S. financial laws and regulations. The crash revealed serious flaws in the stock market, including speculative trading, inadequate banking oversight, and lack of investor protections, which led to widespread economic instability and massive unemployment. In response, the U.S. government, under President Franklin D. Roosevelt's administration, enacted substantial legislative reforms aimed at stabilizing the economy and preventing similar disasters in the future.Key legislation introduced during this period included the Securities Act of 1933 and the Securities Exchange Act of 1934, which established critical oversight mechanisms for the stock market. The 1933 Act mandated that companies provide transparent financial information before public stock offerings, while the 1934 Act created the Securities and Exchange Commission (SEC), tasked with regulating the securities industry to protect investors and maintain fair trading practices. Additional reforms under the New Deal included the Glass-Steagall Act, which separated commercial and investment banking to reduce conflicts of interest and curb risky practices in the banking sector.The legal changes initiated after Black Tuesday set foundational principles for U.S. financial regulation, significantly increasing the federal government's role in monitoring economic practices and protecting public interests. These reforms not only stabilized the U.S. economy but also introduced regulatory practices that continue to shape financial law and securities oversight to this day.The Republican National Committee and the Pennsylvania GOP have asked the U.S. Supreme Court to block a Pennsylvania court decision requiring the counting of provisional ballots for voters whose mail-in ballots were rejected due to errors. The state Supreme Court's ruling, made on October 23, supports two voters from Butler County who sought to count their provisional ballots after their mail-in votes were disqualified for lacking a secrecy envelope. The Republicans argue this decision undermines the legislature's authority to set election rules and comes too close to the November 5 presidential election, potentially influencing the results in the swing state. They have requested that, if the U.S. Supreme Court does not entirely suspend the ruling, it at least order these provisional ballots to be segregated, allowing further review post-election.This dispute highlights differences in ballot counting practices across Pennsylvania's counties, with most already counting provisional ballots in cases of rejected mail-ins, unlike Butler County. Republicans claim the state law disallows counting provisional ballots if a defective mail-in was received, while Democrats counter that voters with uncounted mail-in ballots should have their provisional ballots counted. The Pennsylvania Supreme Court sided with the Democrats, citing voter protections in the state constitution to prevent disenfranchisement.Republicans ask US Supreme Court to block Pennsylvania provisional ballots decisionCybersecurity firm CrowdStrike and Delta Air Lines are suing each other over a widespread IT outage on July 19 that disrupted multiple industries and led to significant flight cancellations. CrowdStrike filed a lawsuit in U.S. District Court in Georgia, claiming Delta wrongly blamed it for the outage and repeatedly rejected support from CrowdStrike and Microsoft. CrowdStrike seeks a declaratory judgment and coverage of legal fees. In a separate suit filed in Georgia's Fulton County Superior Court, Delta accused CrowdStrike of issuing an untested software update that caused 8.5 million Windows computers to crash globally, leading to 7,000 flight cancellations and an estimated $500 million in losses. Delta's lawsuit claims the faulty update severely impacted its operations and tarnished its reputation, and it seeks compensation for various damages including legal fees and future revenue loss.The July incident also spurred a U.S. Department of Transportation investigation. CrowdStrike countered that Delta's own technological response exacerbated delays, with both companies now contesting liability.CrowdStrike, Delta sue each other over flight disruptions | ReutersSince President Joe Biden took office, the U.S. Justice Department has initiated 12 civil rights investigations into police departments, focusing on "pattern or practice" probes of alleged systemic misconduct. Although Attorney General Merrick Garland quickly launched investigations into departments like Minneapolis and Louisville following high-profile police killings, none have reached binding reform settlements, known as consent decrees. The lack of final agreements has raised concerns, especially given the possibility of the Justice Department abandoning these cases if a Republican administration assumes office in 2025.The department has encountered obstacles, including political resistance and a slow, resource-intensive review process involving body-worn camera footage. Under former President Donald Trump, the Justice Department largely avoided using consent decrees, and though Garland has reversed this stance, progress remains slower compared to the Obama administration's efforts, which saw 17 investigations and multiple consent decrees in Obama's first term alone. Additionally, some cities, like Phoenix, openly oppose consent decrees, complicating negotiations. Experts highlight that current leadership may be less committed to aggressively pursuing these investigations than in past administrations. Meanwhile, the Justice Department faces challenges in balancing internal staffing shortages and external political pressures.Biden's Justice Dept has yet to reach accords in police misconduct casesIn my column for Bloomberg this week I lay out how green roofs, a near necessity for urban rainwater management, need to be incentivized. Green roofs have promising benefits for urban areas, including managing rainwater runoff, reducing cooling demands, and addressing urban heat. However, adoption rates are low, despite tax incentives. For instance, New York City's green roof tax credit, initiated over a decade ago, has seen minimal uptake due to insufficient financial rewards—only 14 properties have claimed credits since 2011. While some cities have tried enhancing these incentives, the results remain limited since property owners often find installation costs too high relative to the benefits.  A more impactful approach would be to introduce a tiered, time-sensitive incentive system, offering substantial early tax benefits that gradually decrease, followed by tax penalties for delays. For example, an initial tax credit of $20 per square foot in the first year could significantly reduce the installation cost, then drop annually, creating urgency. After the incentive period ends, penalties would begin, making it costly for owners to delay green roof installations. Such a model motivates property owners by balancing substantial early rewards with future penalties, ensuring that adoption increases over time without continuously high government expenditure. This combined incentive-penalty approach would likely make green roofs both a fiscally smart and environmentally beneficial option.  The general idea here is a proposed use of a “carrot-and-stick” tax policy in sequence, designed to balance fiscal encouragement with financial consequences. This approach may be a useful strategic legal framework to drive sustainable development.Developers Need Better Tax Incentives to Adopt Green Roofs This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

SIE exam overview part 1 Podcast episode   major securities regulations (Securities Acts of 1933, 1934, etc.) and their key provisions   - Detailed explanations were provided on different types of securities including stocks, bonds, options, and their characteristics   - Math concepts related to securities pricing, yields, and options were demonstrated   - Practice questions were reviewed to show how concepts may be tested on the SIE exam Topics Securities Regulations   - Securities Act of 1933 covers primary market and new securities issuance   - Securities Act of 1934 created the SEC and regulates the secondary market   - Other key acts include Investment Company Act of 1940 and Investment Advisers Act of 1940 Equity Securities   - Common stock provides ownership, voting rights, potential dividends   - Preferred stock provides fixed dividends, no voting rights   - ADRs allow trading foreign stocks on US exchanges   - Rights offerings allow existing shareholders to maintain ownership percentage Debt Securities   - Corporate bonds, municipal bonds, and US Treasuries discussed   - Key concepts: par value, coupon rate, yield, call provisions   - Risks include interest rate risk, credit risk, reinvestment risk Options   - Calls provide right to buy, puts provide right to sell   - Key terms: strike price, premium, expiration, intrinsic value   - Buying options limits risk to premium paid   - Selling options has potentially unlimited risk Calculations   - Stock splits, dividends, and rights offerings   - Bond yields - current yield, yield to maturity, yield to call   - Options pricing and breakeven points Next Steps   - Review practice questions, especially on topics like options and bond yields   - Focus on memorizing key regulatory acts and their provisions   - Practice calculations for stock splits, dividends, bond yields, etc.   - Review risks associated with different security types #sieexam  #sieexam #finra 

The God complex amongst Tech Billionaires has reached a boiling point. To be fair, Elon has taken a page out of the Zer0es playbook and clearly gave zero fucks with his jiggly puff dance at a recent Trump rally. Zuckerberg, on the other hand, is just trying way too hard and it's apparently caused him to forget the true fate of Julius Caesar. As promised, we have a special announcement here at ZFG and it comes by way of our very first sponsor. South Korea has finally announced that it will abandon the ban on short selling, but not until March of 2025. And just when short sellers thought they were given some breathing room, Spain proves that retardation – or corruption – runs through the highest levels of its market regulators. Speaking of corruption, NYC Mayor Eric Adams has been caught with his hand in the proverbial cookie jar. And after a long hiatus of Freddy's corner of terrible business ideas, we get real-time footage of a new idea that arguably lands at the top of the list.   Disclaimer Unless the context indicates otherwise, the terms “Muddy Waters”, “we”, “us”, “our” and similar terms refer to Muddy Waters Asia LLC and its respective affiliates, including Muddy Waters Capital LLC. The information provided in this podcast is being furnished for informational purposes only, and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, including any securities issued by any investment vehicle managed by Muddy Waters.  References to the “Vietnam Fund” or the “New World Order Fund” refer to the Muddy Waters New World Order Fund LP (the “Fund”), which is a private fund being offered pursuant to Rule 506(c) of the Securities Act of 1933. The information presented is subject to a more complete description and does not contain all of the information necessary to make an investment decision in the Fund, including but not limited to, the risk factors, fees, and the investment strategies of the Fund.  Any offering will only be made pursuant to additional documents, including the relevant offering memorandum, a copy of the limited partnership agreement, memorandum and articles of association, or similar organizational documents of the Fund and a subscription agreement, all of which must be read in their entirety.  No offer to purchase interests will be made or accepted prior to receipt by an offeree of these documents, the completion of all appropriate documentation, and the meeting of eligibility (and such other) requirements as may be determined by Muddy Waters.  U.S. persons must, among other requirements, be “accredited investors” and “qualified purchasers,” as defined in the applicable securities laws, before they can invest in the Fund. Please see www.muddywatersasia.com for more information.

Welcome to Supreme Court Opinions. In this episode, you'll hear the Court's opinion in Macquarie Infrastructure Corp. v Moab Partners, L. P. In this case, the court considered this issue: May a failure to make a disclosure required under Item 303 of SEC Regulation S-K support a private claim under Section 10(b) of the Securities Exchange Act of 1934, even in the absence of an otherwise misleading statement? The case was decided on April 12, 2024. The Supreme Court held that pure omissions are not actionable under SEC Rule 10b–5(b), which makes it unlawful to omit material facts in connection with buying or selling securities when that omission renders “statements made” misleading. Justice Sonia Sotomayor authored the unanimous opinion of the Court. The plain text of Rule 10b-5(b) bars only half-truths, not pure omissions. Specifically, it prohibits omitting facts necessary to make “statements made” not misleading. There must first be an affirmative statement before determining whether additional facts are needed for clarity and completeness. The Securities Act of 1933 lends further support for this understanding because it expressly creates liability for pure omissions in registration statements, while the Exchange Act and Rule 10b-5(b) lack similar language. This difference suggests Congress and the SEC intentionally chose not to create liability for pure omissions under Rule 10b-5(b). The Court rejected the argument that pure omissions are inherently misleading because investors expect full disclosure under Item 303, explaining that this interpretation would improperly shift Rule 10b-5(b)'s focus from fraud to disclosure requirements. It also dismissed concerns about creating “broad immunity” for fraudulent omissions, noting that plaintiffs can still bring claims for half-truths and the SEC retains authority to enforce disclosure rules. Rule 10b-5(b) only targets fraudulent misrepresentations and misleading statements, not the mere failure to disclose required information absent any related statements. The opinion is presented here in its entirety, but with citations omitted. If you appreciate this episode, please subscribe. Thank you.  --- Support this podcast: https://podcasters.spotify.com/pod/show/scotus-opinions/support

SIE exam overview part 1 Podcast episode   major securities regulations (Securities Acts of 1933, 1934, etc.) and their key provisions   - Detailed explanations were provided on different types of securities including stocks, bonds, options, and their characteristics   - Math concepts related to securities pricing, yields, and options were demonstrated   - Practice questions were reviewed to show how concepts may be tested on the SIE exam Topics Securities Regulations   - Securities Act of 1933 covers primary market and new securities issuance   - Securities Act of 1934 created the SEC and regulates the secondary market   - Other key acts include Investment Company Act of 1940 and Investment Advisers Act of 1940 Equity Securities   - Common stock provides ownership, voting rights, potential dividends   - Preferred stock provides fixed dividends, no voting rights   - ADRs allow trading foreign stocks on US exchanges   - Rights offerings allow existing shareholders to maintain ownership percentage Debt Securities   - Corporate bonds, municipal bonds, and US Treasuries discussed   - Key concepts: par value, coupon rate, yield, call provisions   - Risks include interest rate risk, credit risk, reinvestment risk Options   - Calls provide right to buy, puts provide right to sell   - Key terms: strike price, premium, expiration, intrinsic value   - Buying options limits risk to premium paid   - Selling options has potentially unlimited risk Calculations   - Stock splits, dividends, and rights offerings   - Bond yields - current yield, yield to maturity, yield to call   - Options pricing and breakeven points Next Steps   - Review practice questions, especially on topics like options and bond yields   - Focus on memorizing key regulatory acts and their provisions   - Practice calculations for stock splits, dividends, bond yields, etc.   - Review risks associated with different security types #sieexam  #sieexam #finra 

In this episode, Rory discusses the Global Market sell off that occurred on Monday, August 5th, and essential strategies for navigating market fluctuations using behavioral finance insights. Listen as he covers some of the recent alarming headlines that can trigger impulsive decisions among investors. Rory introduces the 4 R's framework by Doug Lennick—Recognize, Reflect, Reframe, and Respond—which helps shift decision-making from emotional to rational responses. Additionally, he highlights Samantha Lamas' Morningstar article, emphasizing the importance of focusing on long-term goals and making thoughtful decisions during market volatility. Rory also explores Vanguard's Advisor Alpha decades-long study and their philosophy of the 3 P's—Planning, Proactivity, and Positivity—for managing your mindset during market fluctuations. How can you maintain a rational mindset during periods of market volatility? What role do financial advisors play in helping investors avoid impulsive decisions? Find out the answers to these questions and more in this Global Market episode. Vanguard Market Hindsight Tool: https://advisors.vanguard.com/financial-planning/market-hindsight/ Samantha Lamas Morningstar Article: https://www.morningstar.com/personal-finance/key-surviving-global-market-selloff-be-lazy This material contains opinions of the participants but not necessarily those of Arrowroot Family Office, its affiliated companies, directors, and employees. The opinions contained herein are subject to change without notice. Forward looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is not indicative of future results. Content should not be construed as investment, legal or tax advice. The information in this communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance, or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Welcome to Supreme Court Opinions. In this episode, you'll hear the Court's opinion in Slack Technologies, LLC v Pirani In this case, the court considered this issue: Do Sections 11 and 12(a)(2) of the Securities Act of 1933 require plaintiffs to plead and prove that they bought shares registered under the registration statement they claim is misleading? The case was decided on Jun 1, 2023. The Supreme Court held that to state a claim under §11(a) of the Securities Act of 1933, a plaintiff must allege the purchase of “such security” issued pursuant to a materially misleading registration statement. Justice Neil Gorsuch authored the unanimous opinion of the Court. Section 11 of the Securities Act of 1933 authorizes an individual to sue for a material misstatement or omission in a registration statement when the individual has acquired “such security.” Normally, the word “such” refers to something that has already been described, but because there is no clear referent in Section 11, the Court looked for clues from the statutory context. First, the statute refers to “the” registration statement in imposing liability for false statements or misleading omissions. The definite article “the” suggests that the plaintiff must acquire the security. Second, the statute repeatedly uses the word “such” to narrow the law's focus, suggesting “such security” refers to a specific security registered under the particular statement that allegedly has a falsehood or misleading omission. Still other provisions further support the understanding that “such security” means a security issued pursuant to the allegedly misleading security statement. The opinion is presented here in its entirety, but with citations omitted. If you appreciate this episode, please subscribe. Thank you.  --- Support this podcast: https://podcasters.spotify.com/pod/show/scotus-opinions/support

Welcome to another episode of Passive Income Pilots! This week, your hosts Tait Duryea and Ryan Gibson are thrilled to bring you an insightful conversation with private equity mogul Collin Hathaway of Skylight Capital, a seasoned entrepreneur specializing in business acquisitions. In this episode Collin shares his journey from buying his first plumbing company in 2008 to building a multi-million-dollar business empire. Discover how pilots can capitalize on the wave of baby boomers retiring and selling their high-cashflow blue-collar businesses. Whether you're looking to invest passively or actively take over a business, this episode is packed with valuable insights and practical advice.Timestamped Show Notes(00:00) - Introduction and welcome by Tait Duryea and Ryan Gibson.(06:00) - Meet Collin Hathaway: Background and journey in business acquisitions.(10:39) - Private Equity 101: Breakdown of private equity sectors and leveraged buyouts.(14:00) - The Blue-Collar Business Opportunity: Baby boomers retiring and market dynamics.(21:53) - Finding and Evaluating Businesses: Resources and initial evaluation tips.(25:46) - Conducting Due Diligence: Steps and practical advice on due diligence.(33:35) - Financing Your Acquisition: Options including SBA loans and seller financing.(37:36) - Day-to-Day Management: Transitioning ownership and managing operations.(44:00) - Building a Positive Company Culture: Importance and Collin's approach.(49:00) - Interviewing and Hiring Best Practices: Effective interviewing tips and resources.(50:57) - Fun Stories and Final Thoughts: Memorable stories and final advice from Collin.Referenced MaterialsWho by Geoff SmartWhat You Learn Acquiring 12 Home Service CompaniesFrom False Starts To $100MM+ in Revenue...TWICEBuilding a Recession Resistant Business---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide.Timestamped Show Notes:(00:00) - Introduction to the episode with hosts Tait and Ryan.(01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops.(04:02) - Explanation of tax brackets and progressive tax systems.(05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes.(10:24) - Detailed analysis of leasing aircraft and tax implications.(17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages.(23:46) - Overview of various tax reduction strategies and charitable giving.(28:36) - Introduction to tax and legal workshops offered by Toby's firm.(32:02) - Five top tax tips for pilots including HSA benefits.(44:58) - Discussion on solo 401k benefits and other tax-deferred accounts.(53:15) - Conclusion and thanks to guest Toby Mathis.Resources Mentioned:Tax & Asset Protection WorkshopDallas Conference June 27-29Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

Series 7 Top-Off Exam Lesson 15.1 Risks of Defined Benefit Plans This is Series 7 Top-Off Exam on the Risks of Defined Benefit Plans In this Lesson we outline the many risks of Defined Benefit Plans. These risks include Market Risk Interest Rate Risks Political Risks Management Risk Actuary Risks Investment Risks and more Series 7 Top-Off Exam Quiz Lesson 6 Securities Act of 1933 The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes.   The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min   The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate's knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Website: https://telomirpharma.com/ Ticker: $TELO Forward-Looking Statements Disclaimer This communication may contain "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements potentially include statements concerning expected future events, future financial performance, business strategies, plans, future operations, industry conditions, regulatory environment, or anything else that is important. Words such as "anticipate," "estimate," "expects," "projects," "intends," "plans," "believes," "predicts," "target," "may," "could," "would," "will," "potential," "continue," and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those anticipated. Factors that might cause such differences include, but are not limited to: (i) changes in demand for our products and services; (ii) changes in the economic and regulatory environment; (iii) competition from existing and new competitors; (iv) unforeseen technical difficulties; (v) changes in market, political, or regulatory conditions; and (vi) other risks and uncertainties detailed in the company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other documents filed with the Securities and Exchange Commission. Any forward-looking statements included in this interview are based on information available to the company as of the date of this interview, and we do not undertake any obligation to update these statements in the future, except as required by law. We advise readers to consult the company's SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial conditions. General Disclaimer and No Investment Advice The information provided on the SmartMoneyCircle show is for general informational purposes only and should not be construed as investment advice or a recommendation to buy, sell, or hold any securities. No information herein is intended to provide tax, legal, or investment advice, nor is it an offer or solicitation of an offer to buy or sell any investment vehicle. Investing in the securities market involves risk, and past performance is not indicative of future results. Any results shown are not typical. No earnings claims are being made. Potential investors are urged to consult with professional investment, legal, and tax advisors before making any investment decision. The contents of this communication have not been verified by any independent source and should not be considered as guaranteed in accuracy or reliability. Readers should not place undue reliance on any statements that are made. We caution you against placing undue reliance on any forward-looking statements, which are applicable only as of the date they are made. We disclaim any obligation to update or revise any forward-looking or marketing statements to reflect any change in our expectations or any changes in the events, conditions, or circumstances on which any such statement is based, except as required by law. Invest at your own risk. This disclaimer emphasizes that no investment advice is being offered, and that information is provided for general purposes, also highlighting the inherent risks of investing, among other things. --- Support this podcast: https://podcasters.spotify.com/pod/show/smartmoneycircle/support

John is joined by Jesse Bernstein, Partner in Quinn Emanuel's New York Office and Co-Chair of the Securities Litigation Practice.  Jesse explains that the term “securities” applies not only to stocks and bonds, but arguably to any situation where a group of investors place their resources into a common entity where they expect to make profits from the efforts of others.  He describes the sources of securities law, including state blue sky laws, the Securities Act of 1933 (which focuses on initial issuances), the Securities Exchange Act of 1934 (which focuses on intentional misrepresentations in securities transactions and the Private Securities Litigation Reform Act of 1995 (which sought to curb perceived abuses in securities litigation by raising the pleading standards required to establish scienter and creating a safe harbor for forward looking statements).  They discuss the Supreme Court's recent ruling in Moab Partners v. Macquarie Infrastructure that pure omissions of material fact are not actionable under Rule 10(b)(5) because the rule only covers affirmative misstatements.  Jesse then explains how a Quinn Emanuel team obtained a jury verdict last year in Elon Musk's favor in a rare securities class action trial on a $12 billion claim based on Mr. Musk's tweet about taking Tesla private.  He describes the arguments made concerning materiality and loss causation that ultimately led to the victory.  Finally, they discuss upcoming issues in securities law including how the Macquarie decision will impact cases. Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

Series 7 Top-Off Exam Quiz Lesson 5 Securities Act of 1933 This is Series 7 Top-Off Exam Quiz Lesson 5 Securities Act of 1933 1. Which of the following is true about the Securities Exchange Act of 1934? (Select all that apply.) A. It applies to exempt securities. B. It determines what fair trading practices are. C. It regulates the secondary trading of securities. D. It was established by the Securities and Exchange Commission. 2. Which of the following is contained in a 10-K? (Select all that apply.) A. balance sheet B. cash flow statement C. compensation of officers D. income statement 3. The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission. A. True B. False 4. A ___ is filed if the company changes its name or there's a 5% or greater change in the number of shares outstanding. A. 10-C B. 13-G C. 15-B D. 8-K 5. Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934? (Select all that apply.) A. buy back stocks for customers that reneged on their transactions B. electronically deliver clients' confirmation and statements C. maintain a minimum net capital D. send customers a copy of their income statement 6. Under ___, margins are regulated from brokers to their customers. A. Regulation D B. Regulation M C. Regulation T D. Regulation U 7. Broker-dealers are allowed to disclose to customers the routing of the customers' orders. A. True B. False 8. It is a totally anonymous matching of buy and sell orders. A. alternative trading system B. electronic exchange C. electronics communication network D. physical exchange 9. Which of the following are/were physical exchanges? (Select all that apply.) A. Cincinnati Stock Exchange B. New York Stock Exchange (NYSE) C. Pacific Stock Exchange D. Philadelphia Stock Exchange 10. Which of the following is true about penny stocks? (Select all that apply.) A. They are sold on the over-the-counter bulletin board. B. They are unsolicited orders. C. They are traded on the NASDAQ and other listed exchanges. D. They sell at less than $5. 11. The broker is not required to assess a penny stock buyer's financial situation if the buyer is a/an ___. (Select all that apply.) A. accredited investor B. client whose order is unsolicited C. insider D. interstate citizen 12. It is trading on nonpublic material information on the company. A. front running B. insider trading C. pegging D. wash trade 13. This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934. A. Rule 10b-5 B. Rule 127-c C. Rule 144A D. Rule 145 14. For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery. A. six months B. one year C. two years D. three years 15. If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___. A. dribble out B. peg the stock C. short against the box D. short sell the stock 16. Anybody that has nonpublic material information on the company is considered an insider. A. True B. False 17. In the United Sates, they are exempted from the rules that prohibit insider trading. (Select all that apply.) A. congressmen B. directors of the company C. officers of the company D. senators 18. Insiders can trade on the material nonpublic information once the information has been made public. A. True B. False 19. Only the Securities and Exchange Commission can sue insider traders. A. True B. False 20. The statute of limitation for insider trading is ___. A. one year B. three years C. five years D. ten years Series 7 Top-Off Exam Quiz Lesson 5 Securities Act of 1933 The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the...

Series 65 Exam Lesson 55 Securities Act of 1933 Quiz This is a Series 65 Exam Lesson 55 Securities Act of 1933 Quiz: a free quiz for Series 65 Exam Lesson 56 Securities Act of 1933 Quiz. Try it and see how you do if you need help listen the lesson over. Series 65 Exam ... Read more The post Series 65 Exam Lesson 55 Securities Act of 1933 Quiz 2024 appeared first on Series 65 Prep Audio Lessons for the FINRA Series 65 Exam.

Join hosts Tait Duryea and Ryan Gibson on Passive Income Pilots as they engage in a profound conversation with Joe LoRusso, aviation law expert and Director of Aviation at Ramos Law. This episode takes an earnest look into pilot mental health and legal challenges, spotlighting the systemic issues and proposing a transformative approach to aviation industry norms.Joe brings invaluable dual insights from his experience in the cockpit and the courtroom. He addresses the mental health stigma, explains the intricate HIMS program, and provides expertise on dealing with DUI repercussions. This dialogue is a beacon for pilots and aviation professionals seeking to preserve their licensure, mental well-being, and explore alternative income opportunities within the aviation sector.Timestamped Show Notes:(0:00) Exploring the often overlooked subject of pilot mental health.(2:01) Joe's journey from pilot to prominent voice in aviation law.(6:35) The crucial shift to advocating for pilot rights in legal matters.(8:29) Dissecting the mental health dialogue in aviation.(18:23) The vital resources available for pilot mental health support.(25:45) Fostering pilot support networks within the aviation community.(32:42) Legal perspectives on navigating post-DUI scenarios for pilots.(37:49) Advocacy for the modernization of the HIMS program.(41:48) Tackling cardiovascular health in the context of pilot medical certifications.(43:31) Opportunities and insights within aviation law.(47:59) Connecting with Joe for guidance and advocacy.Connect with Joe LoRusso:LinkedIn: Joseph LoRussoExplore Ramos Law AviationFollow @RamosInjuryFirm on Facebook, YouTube, and Instagram.We're dedicated to guiding you along your financial flightpath. Please share this episode, leave a rating, and join us in our mission toward financial autonomy for pilots.For inquiries and feedback:Contact us at producer@passiveincomepilots.com or visit our Contact Page.https://passiveincomepilots.com/---Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

Series 7 Top-Off Exam Lesson 15.1 Risks of Defined Benefit Plans This is Series 7 Top-Off Exam on the Risks of Defined Benefit Plans In this Lesson we outline the many risks of Defined Benefit Plans. These risks include Market Risk Interest Rate Risks Political Risks Management Risk Actuary Risks Investment Risks and more Series 7 Top-Off Exam Quiz Lesson 6 Securities Act of 1933 The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes.     The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 76 lessons and a Total Length over 33 hours     The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate's knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 45 Mutual Funds pt 3 This is the Series 7 Top-Off Exam Quiz Lesson 45 Mutual Funds pt 3 Questions covered include 1. Which of the following is true about hedge funds? (Select all that apply.) A. They are not allowed to cut off withdrawals by their investors. B. They are open to any kind of investor. C. They charge a management fee. D. They have a cap on the amount that is available to be withdrawn at any given time. 2. What is the minimum capital for a hedge fund? A. $100,000 B. $200,000 C. $500,000 D. $1,000,000 3. Which of the following is qualified as an accredited investor according to the Securities Act of 1933? (Select all that apply.) A. a bank B. a charitable organization with a total asset of $5 million C. a trust with a total asset of $10 million D. an employee benefit plan that has a total asset of $3 million 4. A business is qualified to be an accredited investor if all its equity owners are accredited investors. A. True B. False 5. A natural person can be an accredited investor if that person ___. (Select all that apply.) A. has an income exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income level in the current year B. has individual net worth that exceeds $1 million including the value of the primary residence of such person C. has a joint income with the spouse exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income in the current year D. has a joint net worth with the person's spouse that exceeds $1 million excluding the value of the primary residence of such person 6. The performance of a hedge fund is always better than the market. A. True B. False 7. Which of the following strategies does a hedge fund employ? (Select all that apply.) A. global macro hedge fund strategy B. relative value arbitrage C. high-frequency trading D. currency strategies 8. A mutual fund's annual and semiannual report has an income statement similar to a regular corporate income statement. A. True B. False 9. Which of the following can be found in a mutual fund's income statement? (Select all that apply.) A. dividends B. capital gains C. expenses D. net income 10. Which of the following is true about expense ratio? (Select all that apply.) A. It applies to closed-end funds but not to open-end funds. B. It gives an overall look at how much it costs to pay the management to buy the stocks instead of buying it yourself without paying any management fee. C. It is the total net assets divided by the total expenses. D. It shows the efficiency of the fund. 11. If you're buying a fund at a very big discount but has a very high expense ratio, the discount you're buying those stocks may disappear. A. True B. False 12. An investment company should distribute at least ___ of its income in order to be regulated under the Investment Company Act of 1940. A. 80% B. 85% C. 90% D. 95% 13. If an investment company is not regulated under the Investment Company Act of 1940, ___. A. it becomes taxed as a regular corporation B. it has to pay an additional tax equivalent to 2% of the total capital gains C. it will require double management fees D. its net pass is not taxed 14. Investment companies can pass through capital gains ___. A. monthly B. quarterly C. semiannually D. at the end of the year 15. An investor buying a mutual fund at the end of the year will not be paying taxes if he has not made any money in the fund. A. True B. False 16. It is a type of mutual fund having a portfolio that is constructed to mimic the market index. A. closed-end fund B. exchange traded fund C. index fund D. open-end fund 17. These funds are traded as regular stocks on the stock exchange, but move throughout the day. A. closed-end fund B. exchange traded fund C. index fund D. open-end fund 18.

On this episode of Passive Income Pilots, Tait and Ryan interview David Phelps.Dr. David Phelps, founder of Freedom Founders, spent 27 years as a former general dentist and business owner. His life took a significant turn when his daughter Jenna faced leukemia. This personal crisis prompted Dr. Phelps to reassess his priorities and shift his focus to what truly mattered: his family. Today, Dr. David Phelps advocates for a Plan B — a strategy he has employed and helped hundreds of dentists and practice owners implement. Instead of conforming to traditional retirement advice that expects individuals to accumulate millions of dollars, he champions an alternative approach and educates others about real estate investing and financial freedom.David shares that accumulating wealth is not merely about numbers; it's about constructing a life that allows for time with loved ones and personal well-being. He emphasizes the value of having a diversified portfolio and the importance of real estate as a stable asset class. Real estate investing served as the bedrock for David's financial independence, granting him the autonomy he needed when his daughter faced a life-threatening illness. David also talks about the Freedom Founders, the community he founded that empowers professionals to invest passively while securing their financial futures. He offered valuable insights into forming capital partnerships and leveraging property equity.Enjoy the show!Show notes:(3:07) How David started investing(18:35) Teaching others to take control of their investments(24:25) The mission and vision behind Freedom Founders(29:25) Market cycle and financial planning(35:48) Understanding the capital stack: equity and debt(39:03) Understanding the risks of debt funds(49:36) What David learned in the last six months(53:08) How to connect with David(53:52) OutroConnect with David: Website: https://www.freedomfounders.com/LinkedIn: https://www.linkedin.com/in/dgphelps/ Podcast: https://dentistfreedomblueprint.com/ __Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.In this episode, Tait and Ryan reflect on past episodes and share insights on their favorites. Whether you're new to the show and would like to “catch up”, or a long time listener who could use a second listen to our most impactful episodes, this episode serves as a recap and calls out the most special episodes to scroll back for. Tune in for a look backwards, and a sneak peek of what's on the podcast's flight plan.Episodes mentioned:#2,  #3, #6, #9, #10, #11, #13, #14, #27, #31, #32, #36, #41, #42, #43, #44, and #46Show notes:(4:47) Episodes 10 & 14, expert tax strategies(7:18) Episode 32, cost-seg and depreciation(8:57) Episodes 9 & 36, self-directed IRA investing(11:10) Episode 44, End-of-the-year tax tips(13:08) Episodes 42 & 41, short-term rental loophole and AirBNBs(16:38) Other episodes(17:51) The Self-storage industry(19:57) Future episodes(20:40) Outro---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capital Ryan GibsonLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

son23 Securities Act of 1933 Quiz This is a  SIE Podcast Interview Logan Keller This is and interview with a new entrant to the financial services industry, Logan Keller.Logan talks about his background and his interesting path to become a RIA agent. Total Course 37 hours 10 Min 37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 59 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam The full course details: 37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 59 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate's knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam ________________________________________ • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance ________________________________________ Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers' Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers' financial status, financial needs and risk tolerance, and helps them identify their investment objectives” “Opens accounts, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable recommendations” “Obtains and verifies customer's purchase and sales instructions,

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.Tait and Ryan peel back the curtain on personal goal setting that actually works. This episode isn't about the fluff but the nitty-gritty of mapping out a future that aligns with your deepest ambitions in family, business, and investing. We're talking about effective goal-setting, building habits, the art of strategic 'nos', and how a Big Hairy Audacious Goal can give you the laser-focus to cut through life's clutter. Tune in and gain a treasure trove of insights to help you design a future that brings your most ambitious dreams within reach. This isn't just a conversation; it's a blueprint for success in the year ahead.Show notes:(0:00) Intro(2:53) Setting goals(5:10) Build a habit(8:56) The why(10:47) Buckets(11:59) Big hairy audacious goal(13:27) Live your life by design(17:00) The power of saying "No"(20:09) SMART goals(22:24) Lead measure vs. lag measure(23:56) Breakdown goals into chunks(29:18) Planning the year(31:39) Shared calendar(35:26) Talk about your wins(36:40) OutroSimplify your life with this habit tracker: https://bit.ly/47Qts1y ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalhttps://www.turbinecap.com/ Ryan GibsonCIO Spartan Investment Grouphttps://spartan-investors.com/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Christian Allen and Rod Zabriskie.Christian Allen and Rod Zabriskie from Money Insights Group join Tait in a riveting discussion about stepping off the beaten path of traditional investing and venturing into the world of max-funded cash value life insurance and real estate. They illustrate how the 'invest with benefits' philosophy caters to individual financial needs and integrates core wealth accumulation areas.  Christian Allen, CEO of Money Insights, established the firm in 2014 to empower high-income earners to expedite wealth growth, refine investment strategies, and transition from high-income to high net worth. An advocate for entrepreneurship, he thrives on aiding others. Beyond finance, he finds joy in pickleball, sports spectating, and cherishing moments with his family.Rod Zabriskie is the Managing Partner and COO at a financial services firm. He has worked in the financial services industry since 2009, after spending a decade working in small businesses for others. Rod holds an MBA with an emphasis in entrepreneurship and an undergraduate degree in Marketing Communications.Enjoy the show!Show notes:(0:00) Intro(4:40) Transitioning from traditional to alternative investment(7:28) How they started their business and the six core benefits(12:50) Whole life or universal life insurance(15:16) Borrowing against insurance policy vs. stock account(18:32) Utilizing cash value life insurance(20:43) IUL vs whole life insurance(31:45) How much cash flow do you need(36:08) Asset protection(41:50) Tax benefits(42:47) Finding the amount of passive income you need(48:52) How to connect with Christian and Rod(49:44) OutroConnect with Christian and Rod:Website: https://moneyinsightsgroup.com Youtube: https://www.youtube.com/channel/UCW0fBokwg09-2H2kXWK5Zfw --Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalhttps://www.turbinecap.com/ Ryan GibsonCIO Spartan Investment Grouphttps://spartan-investors.com/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

We wrap up 2023.  We have all the details about Cattle Ponzi Schemes plus we will tell y'all about an opportunity of a lifetime to lay into one of the most efficient sets of cows around.  Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC', and our crew as we bring you the latest in markets, news, and Western entertainment on this all-new episode of the Ranch It Up Radio Show.  Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. EPISODE 165 DETAILS So many of you have reached out inquiring about the latest details about the Agridime Cattle Ponzi Scheme.  It gets rather complicated, but BEC and I break it down for you.   Some of the most feed efficient cows around are coming up for sale.  Lucky 7 Angus Ranch is selling their spring calving Oklahoma cows at public auction, January 8th at Ogallala Livestock Auction in Ogallala, Nebraska.   AGRIDIME According to articles in the Bismarck Tribune and Ag Week, the U.S. Securities and Exchange Commission, which filed a civil lawsuit against the company on Dec. 11, has labeled the operation a Ponzi scheme, in which Agridime was using investor money to pay existing investors and commissions to salespeople rather than using new money to do what it said it would — purchase, feed and care for cattle to be finished and sold to consumers as beef. The SEC has received a temporary restraining order, including an asset freeze, on the company owned by Joshua Link of Arizona and Jed Wood of Texas, through Jan. 9, pending a hearing on Jan. 5. As of Sept. 5, 2023, Agridime-held cattle contracts required payment to investors of $123 million in principal, plus $24 million in guaranteed "profits." The company, as of Sept. 30, 2023, had less than $1.5 million and insufficient operating revenues, the SEC complaint said. Carl Karpinski, enforcement attorney for the North Dakota Securities Department, said there is no confirmed tally yet on investment losses in North Dakota. But he said the eventual number may be significant. "North Dakota is one of the most — if not the most — affected states" in the nation, he said. While the SEC complaint did not go into specifics about the cattle the company did purchase, other than specifying that "Defendants did not buy the number of cattle required to fulfill the Company's obligations under the Cattle Contracts," Agridime was licensed as a livestock agent in North Dakota. Agriculture Commissioner Doug Goehring announced on Dec. 15 that it no longer will be licensed in the state. “Agridime was licensed in North Dakota,” Goehring said in a statement. “Their renewal was pending based on issues with bonding. The actions taken by the SEC will support our denial of their license and we will issue a cease-and-desist order, effective (Dec. 15), to prevent further purchase of livestock.” Karpinski said the Securities Department is not working on the cattle sales side of the case, though the North Dakota Department of Agriculture and U.S. Department of Agriculture are involved. Ellingson encouraged producers involved in the case to contact the Stockmen's Association at 701-223-2522. HOW AGRIDIME OPERATED The SEC complaint said Agridime raised $191 million from more than 2,100 investors in at least 15 states since January 2021. Instead of using investor money as advertised, the SEC filing said Agridime has used at least $58 million from Dec. 1, 2022, to Sept. 30, 2023, in investor funds from new cattle contracts to make principal and profit payments to previous investors. Agridime would sell investors cattle contracts for $2,000 per calf. The company would then promise to buy the cattle back a year later at return rates of 15% to 32%, the complaint says. Agridime paid commissions to salespeople, typically 10%, for each cattle contract sold, which also was not disclosed to investors. The SEC documents say that through May 2023, commissions paid exceeded $11.1 million in total, including "at least $5.6 million to a salesperson in North Dakota," $1.3 million to Link and his wife and $1.3 million to Wood. By using the funds to make previous investor payments and to pay commissions, "Agridime has not purchased enough cattle to fulfill its Cattle Contracts. Agridime's investors, therefore, do not actually invest in specific, identifiable animals. Instead, the success of their investments depends on the success of Agridime's purported cattle operation, including its ability to attract new investors." Agridime had operations in Texas, Arizona, Kansas, North Dakota and "other states," court documents said. In North Dakota, Securities Commissioner Karen Tyler on May 24, 2023, ordered a cease and desist order against Agridime and Link. Neither Agridime nor Link were registered as an issue-dealer or a broker-dealer in North Dakota, the cease and desist order said. Despite that, Link on Sept. 7, 2022, sold an investment contract to a North Dakota resident for $250,000, the order said. The SEC complaint said Agridime sold $9 million in 18 cattle contracts to North Dakota residents since the issuance of the cease and desist order in May. Agridime also sold $1 million in cattle contracts to Arizona residents since a similar order was issued there on April 18, 2023, and an Agridime salesman there admitted under oath on Oct. 18 that he still was selling contracts in Arizona. The state of Arizona in November filed a contempt motion against Agridime and Link. Tyler issued another cease and desist order in North Dakota on Dec. 15 against Taylor Bang of Killdeer, which alleged that Bang, despite not being registered as an agent with the Securities Department, had received $6,055,390 in "transaction based commissions by selling unregistered cattle investment contracts on behalf of Agridime in or from North Dakota" from Jan. 1, 2021, through Oct. 30, 2023. Under North Dakota law, the North Dakota Securities Commissioner can assess civil penalties of $10,000 per violation of the Securities Act. Bang said he's always approached his business honestly and was simply taking direction from Agridime. “I was just doing a job.”  Bang disputes the claim that he made more than $6 million in commissions from Agridime. He said that figure is “way high” and that he wasn't sure how the Securities Department arrived at that number. The Securities Department says it calculated the figure from subpoenaed financial records. Bang said he was aware of the May cease-and-desist order the North Dakota Securities Department filed against Agridime and Link, but that as far as he could tell, the company took the legal demands outlined in the orders seriously and was working to address them. The rancher said he's worked with Agridime for roughly seven or eight years. He said he still thinks very highly of the company and is proud to support the American livestock industry.   “To date, I have not had one person that has done this, as far as the cattle-purchasing contracts, not get paid on time,” Bang said. In the Dec. 15 order, Tyler ordered Bang to turn over all commissions received from Agridime, to be deposited into the North Dakota Investor Restitution Fund and to be liable along with Agridime to Agridime investors. LUCKY 7 ANGUS In 1895 James Jensen started a five-generation ranch, from which came Lucky 7 Angus. That first winter he lived in a dug out on the side of a hill and shoveled snow off the grass to feed his 3 horses and 7 cows in what is called the Nation's Icebox, Boulder, Wyoming. We know very well the blood, sweat and tears it takes to keep the family ranch afloat. And that is why we take it very seriously that our customers are the most profitable in the livestock industry. Lucky 7 Angus was started in order to raise bulls that could hold up better for commercial cattlemen, such as ourselves. We have accomplished the goal... For the past 30 years we have been unmatched in raising cows and bulls in tougher conditions than the rest of the industry, which has made the most durable bulls for our customers. We were the first seedstock operation to set minimum standards for PAP testing. The number of animals tested with these standards, are unmatched in the industry, which helps our customers with less sickness and death loss. We were the first seedstock operation to test for feed efficiency in real world conditions. Then in 2002 we started feed efficiency testing by purchasing large vertical mixers in order to know how much every cow, calf and bull on the place ate. In 2009 we were the first Angus only seedstock producer in the U.S. to purchase a GrowSafe feed intake monitoring system. Lucky 7 Angus is unmatched in the industry by having both real world and scientific feed efficiency testing data, which allows our customers to make more pounds of beef per acre. The measures we have taken in producing our genetics gave us enough confidence in our bulls to offer the nation's first 4 year guarantee. This guarantee is unmatched in the industry and allows our producers a 33% advantage when buying bulls. What makes Lucky 7 different is our goal, to have the most profitable customers in the livestock industry. We are proud that the hard work great grandpa James put into the start of this ranch has not been in vain. FEATURING Jim Jensen Lucky 7 Angus https://www.lucky7angus.com/ @Lucky7Angus   Kirk Donsbach: Stone X Financial https://www.stonex.com/   @StoneXGroupInc      Mark Van Zee  Livestock Market, Equine Market, Auction Time https://www.auctiontime.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ @LivestockMkt @EquineMkt @AuctionTime   Shaye Koester Casual Cattle Conversation https://www.casualcattleconversations.com/ @cattleconvos Questions & Concerns From The Field? Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420 Or email RanchItUpShow@gmail.com FOLLOW Facebook/Instagram: @RanchItUpShow SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup Website: RanchItUpShow.com https://ranchitupshow.com/ The Ranch It Up Podcast available on ALL podcasting apps. Rural America is center-stage on this outfit. AND how is that? Because of Tigger & BEC... Live This Western Lifestyle. Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com https://tiggerandbec.com/ #RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming References https://www.stonex.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ https://www.auctiontime.com/ https://gelbvieh.org/ https://www.imogeneingredients.com/ https://alliedgeneticresources.com/ https://westwayfeed.com/ https://medoraboot.com/ https://www.bek.news/dakotacowboy http://www.gostockmens.com/ https://www.agridime.com/ https://www.ogallalalive.com/ https://bismarcktribune.com/news/state-regional/killdeer-rancher-accused-of-making-6m-in-illegal-cattle-sales-profits/article_a37f97e0-a033-11ee-827d-bf4468d45659.html https://www.agweek.com/livestock/cattle/north-dakota-cattle-producers-out-money-on-cattle-sold-to-agridime https://www.lucky7angus.com/ https://www.bredforbalance.com/ https://www.wasemredangus.com/

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.Derreck Long, a former Senior IRA Specialist at Quest Trust Company, recently joined Eckard Enterprises. Eckard Enterprises is a family-owned and operated alternative investment and asset management firm specializing in the U.S. oil and gas industry. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress.Derreck talks about how his transition from his role in self-directed IRAs to the energy sector reflects continuous learning and growth. He talks about the intricate process of drilling operations and the substantial tax deductions available to investors. He discusses the future of mineral rights ownership, likening it to real estate investment with the potential for an emerging secondary market. Derreck also touches on the legal intricacies, weighs in on political policies, and speculates on technological advancements that could revolutionize this niche.Enjoy the show!Show notes:(0:00) Intro(3:15) How Derreck migrated to Eckard(5:14) How oil and gas investing works(14:49) How to earn from this investment(17:14) Tax write-offs(18:43) Owning mineral rights(25:56) Opportunities in the coming year(30:01) Tax benefit on royalty interest(34:45) Mineral rights investors(39:11) Downside of mineral investments(41:40) Owning the land but not the mineral rights(43:37) Resource or book recommendations(45:44) How to reach Derreck(46:17) Outro*Connect with Derreck:* Website: https://eckardenterprises.com/Phone: 832-840-1161 (send a text/SMS first)---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalturbinecap.comRyan GibsonCIO Spartan Investment GroupLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Alan Underwood.Momentum Capital Group co-founder Alan Underwood is a successful entrepreneur who found passive income in real estate after working in numerous businesses. Alan discusses his experience attending meetups, flipping properties, and developing a 90+ unit Arizona apartment complex. Alan describes his self-discovery that led him to prioritize mental and emotional health over business. Alan touched on the joys of flying and its therapeutic effects and encouraged everyone to pursue their passions. As a Command Pilot of Angel Flight West, he talked about the commendable work carried out by this non-profit organization, which provides free flights for people needing medical care. His work with them has allowed him to give back and make a difference in the lives of others, underscoring the importance of benevolence in pursuing financial freedom.Enjoy the show!Show notes:(2:17) Alan's journey to financial freedom(7:46) His transition to real estate investments(12:35) Why people limit themselves(16:06) The absence of fear(26:22) The mindset of creating financial independence(32:06) How Alan found his network(40:50) What flying feels like to Alan(42:30) The mindset shift(53:20) Changing lives(57:34) Where to find Alan(58:36) OutroConnect with Alan:LinkedIn: https://www.linkedin.com/in/the-alan-underwood/ Company: https://bit.ly/3tg8KtH Facebook: https://www.facebook.com/alan.underwood.54 Website: https://angelflightwest.org/  ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalturbinecap.comRyan GibsonCIO Spartan Investment Groupspartan-investors.comLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

In this week's episode of the Passive Income Pilots, Ryan and Tait take on another one-on-one conversation. They discuss various year-end tax strategies to maximize deductions and reduce tax liability. They also explore the short-term rental loophole as a tax strategy and discuss the benefits of cost segregation studies and bonus depreciation. Tait shares his experience of buying a property for short-term rental purposes. He discusses the tax write-offs and deductions of owning a rental property and highlights the financial benefits.Tune in and enjoy!Show notes:(4:25) Maximizing retirement contributions(5:15) Using gains and losses strategically(7:22) Converting traditional IRA to Roth IRA and valuing IRA investments for conversion(13:20) Planning investments for the next year, extending tax returns, and preparing K-1s(16:06) Revaluating investments for depreciation(17:34) Year-end tax strategy: short-term rental loophole (27:52) Cost segregation study and bonus depreciation(36:38) The Stoke House: the overall experience(39:22) OutroJoin the Facebook group: https://www.facebook.com/groups/passivepilots ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Reach out to the hosts:Email: passiveincomepilots@gmail.comTait DuryeaCEO Turbine Capitalwww.turbinecap.comRyan GibsonCIO Spartan Investment GroupLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.Tait and Ryan talk about the lucrative world of commercial real estate investments, with a special focus on self-storage, a rising asset class rapidly gaining traction among investors. They discuss cap rates, why building is better than buying in the current market, underwriting self-storage, and rent growth. They also share some investment opportunities through Turbine Capital and Spartan Investments.Enjoy the show!Show notes:[0:00] Intro[3:34] What is a cap rate, and why does it matter[7:26] Real estate vs. stocks[8:54] Why invest in a ground-up development project[10:44] Why building is better than buying in the current market[12:47] Renters vs. buyers of self-storage[16:51] Market research before building self-storage[19:19] Why everybody wants storage[21:17] Why did Spartan Investor choose self-storage[26:18] Underwriting self-storage and rent growth[30:26] Challenges and opportunities in commercial real estate investments[36:15] Risks in ground-up development[39:19] Investment opportunities[43:24] OutroJoin the Facebook group: https://www.facebook.com/groups/passivepilots Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Billy Withers.Billy Withers, EA, MT, is a financial expert and the owner of Summit Advanced Tax Strategy. He has helped hundreds of real estate investors and business owners organize their financial systems and reduce tax liabilities. With his expertise and the flexibility of a virtual firm, he provides prompt and effective service to ensure the growth and needs of his clients are met. Billy's experience in the field has made him an invaluable asset to those looking to maximize their profits while minimizing their tax liabilities.Billy talks about the intersection of taxes and real estate investments. He discusses optimizing tax situations, qualifying as a real estate professional, tracking deductions, and dealing with late filings. Billy emphasizes treating real estate investments as a business, gathering necessary documents, and working with a tax professional experienced in real estate matters to avoid problems and stay on top of taxes.Enjoy the show!Show notes:[4:08] Billy's career journey and specialization in real estate taxes[5:52] The advantages of working with a tax strategist[7:51] Tax efficiency: planning for taxable events in real estate[11:31] What a tax strategist does[13:25] Advisory service fee structure and getting started[15:40] Quick hit opportunities, tax-advantaged strategies, and changes[22:42] Qualifying as a real estate professional and hour requirements[26:16] Keeping track of time spent as a real estate professional[28:38] Collaboration between spouses to qualify as real estate professionals[30:54] Caution against taking risks with material participation claims[32:04] Structuring LLCs for earned and passive income [34:13] Importance of tracking expenses and using dedicated accounts for real estate[40:45] The complexity and individuality of tax matters in real estate[43:57] Concerns about extending tax returns and k-1 forms[52:46] What is an enrolled agent[54:30] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis: https://www.buzzsprout.com/2143972/12653111 #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis: htLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Dan Templin.Dan Templin is a real estate investor and coach in addition to being the owner of different small businesses. He manages real estate investments from top to bottom for his busy clients.  Dan possesses an unwavering dedication to assisting investors in successfully establishing and operating their first Airbnb venture.Dan shares his journey into the short-term rental industry. He discusses his experience with rental arbitrage, building relationships with landlords, and the potential of short-term rentals. Dan also provides software recommendations and insights on managing rental units and automating the processes. He dives into these strategies and their impact on a successful short-term rental business.Enjoy the show!Show notes:[0:00] Intro[2:53] Flipping houses and owning a bar[4:38] Profitability of short-term rentals (SRT) and learning from online courses[7:28] Furnishing and equipping short-term rentals[9:05] Potential lease violations and building a good landlord relationship[12:18] Market for short-term rentals beyond vacation rentals[15:03] AirDNA and Price Labs: Tools for pricing and market analysis[17:58] How to increase occupancy on SRTs[22:32] The challenges and benefits of direct booking[26:17] Streamlining guest communications with Hospitable[29:11] Ensuring guest safety with automated locks and security cameras[36:04] Cost-segration [37:38] Building a team for property management[39:48] Writing booklets for business improvement[41:59] Automating and delegating tasks for efficiency[44:30] Setting rental duration based on property and market type[46:53] How to find out more about Dan[47:00] OutroLinks mentioned:#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis: https://www.buzzsprout.com/2143972/12766875 *Connect with Dan:* Website: https://dantemplin.com Instagram: https://www.instagram.com/thebusinessman_dan/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Anthony Geraci.Anthony Geraci is the CEO of Stratus Financial. He is a serial entrepreneur with several successful companies and a results-driven CEO and Board Member. He is also a mentor to CEOs nationwide and a team builder who is passionate about company culture. Anthony Geraci, Esq., is also the CEO and a partner at Geraci, where he is responsible for firm strategy and development of Geraci's team and culture. Anthony is skilled in mortgage lending and securities law and has authored numerous articles on real estate finance and security subjects. In 2018, he authored the book Earning Money While You Sleep.Anthony shares his insights on financing flight training and the benefits for aspiring pilots. He discusses alternative affordable options and highlights the flexibility in pilot training requirements. Anthony touches on loan rates, payment structures, and the platform's investment fund. He emphasizes their commitment to providing solutions and assistance to borrowers.  Enjoy the show!Show notes:[0:00] Intro[3:40] From attorney to pilot[6:47] Financing for aspiring aviators vs. later-in-life individuals[9:13] The current opportune time for pilot training[13:30] How to use Stratus to finance flight school[15:32] Flight school funding criteria and syllabus requirements[19:48] Flexible loan options based on creditworthiness and co-signers[27:19] Investment opportunities[30:48] Starting the fund and building a track record[37:05] Impact of single pilot system on pilot jobs[49:15] Aviation Mentors podcast[50:19] How to learn more about Stratus[51:07] OutroConnect with Anthony:Website: https://stratus.finance/ LinkedIn: https://www.linkedin.com/company/stratus-financial/LinkedIn: https://www.linkedin.com/in/anthony-geraci/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Brad Baldridge.Brad Baldridge is a Certified Financial Planner™, College Funding Consultant, and chief podcaster at Taming the High Cost of College. He has many years of experience working with families in the college planning process, where he seeks to reduce their college costs significantly. Brad provides expert guidance, customized planning services, and insights on the latest tax, cash flow, and academic strategies. He specializes in helping students earn admission to their preferred school and realize their college dreams.Brad discusses the complexity of college planning, the impact of interest rates on loans, early-stage vs. late-stage planning, the cost of attending flagship public universities, and alternatives to traditional college education. He also talks about strategies for paying for college, including 529 plans and hiring children for tax benefits. He briefly discusses navigating divorce and college planning.Enjoy the show!Show notes:[0:00] Intro[3:42] Introduction and background on college planning[6:36] Early-stage vs. late-stage college planning[8:04] Comparing public and private college costs[12:23] Introduction to 529 plans and their benefits[16:54] Trade school or flight school qualifications[18:20] Changing attitudes towards college requirements[20:56] Declining value and increasing cost of college education[25:57] Late-stage planners overlook the cost of education[28:23] Educate kids about the costs of college[31:04] Helping clients and college planning for upper-middle-income families[33:38] Real estate as a college planning strategy[36:13] Hiring kids for tax benefits in college planning and determining reasonable pay for kids working in a business[42:30] Navigating college planning for divorced couples and finding a fair solution[47:28] How to connect with Brad[48:52] OutroConnect with Brad:Website: https://tamingthehighcostofcollege.com/ Website: https://bradbaldridge.com/ LinkedIn: https://www.linkedin.com/in/bradbaldridge/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Correlate Energy just inked a contract to commence building a 40 megawatt solar and battery microgrid for one of California's largest oil and gas producers explains Correlate CEO Todd Michaels. This project's revenue will dramatically increase Correlate's forecasted EBITA and is worth multiples of Correlate's current US$30mm market cap. The 14.6 megawatt phase one build-out alone is valued around US$25mm. Construction of this microgrid is set to begin in Q4 2023. Correlate Energy Corp. (OTCQB: CIPI) employs a three-pronged strategy aimed at creating shareholder value from this multi-trillion-dollar trend. Firstly, Correlate seeks to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers. Secondly, Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow. Thirdly, Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors. Correlate's management and board consist of industry experts who, during their careers, have successfully financed, developed, and installed over two billion dollars of clean energy projects for their clients. To learn more go to: Correlate.Energy/Invest 0:00 Introduction 1:20 Correlate inks 40MW California solar microgrid project 6:14 Increased EBITA forecast 7:59 $100mm JV with eDGe Renewable Partners 9:42 Microgrid expert Bill Shevlin joins Correlate Energy 11:51 Correlate is executing on its acquisition strategy 15:30 NY big board uplisting plans 16:18 Upcoming Correlate Energy Live Investor Summit Bill's CIPI investing thesis: https://mailchi.mp/333cfe956478/we-put-a-million-dollars-into-this-small-cap-energy-stock Press release discussed: https://www.correlate.energy/news/correlate-energy-announces-major-microgrid-deal-with-leading-oil-and-gas-company-in-california Disclosure/Disclaimer: Correlate Energy's forward-looking statement found in the company's investor presentation applies to the content of this episode. MSE's standard disclaimer also applies: https://www.miningstockeducation.com/disclaimer/ In April 2023, Bill Powers led a group of investors in the Company's convertible note offering pursuant to which Bill invested $500,000 in the note offering and the total amount sold to the group was $1,000,000. The notes bear interest at a rate of 14% per annum, mature 18 months after the date of issuance and are convertible at any time into the Company's common stock at a conversion price $3.20 per share. Additionally, investors in the note offering received warrants to purchase shares of the Company's common stock for a period of 24 months at an exercise price of $0.85 per share. MSE Business Trust, of which Bill Powers is the Trustee, has entered into a consulting and advisory agreement with the Company, pursuant to which the Company has agreed to pay MSE Business Trust an aggregate of 500,000 shares of its common stock in exchange for the services rendered. The shares shall vest on a monthly basis over a period of twenty-four months. Upon the vesting of shares, the shares will be subject to the holding requirements of Rule 144 of the Securities Act of 1933, as amended, which generally requires the shareholder to have owned the shares for a period of six months prior to any sales thereof. Due to Bill's prior experience running a construction company, he has already helped recruit talent to join the Correlate Energy team. Correlate is an MSE show sponsor.

On this episode of Passive Income Pilots, Tait and Ryan interview Rich Fettke.Rich Fettke is the co-founder of Real Wealth Network, where he oversees marketing and business development. He is a licensed real estate broker, experienced investor, and Master Certified Business Coach. Rich specializes in helping the team stay aligned and inspired to fulfill the company's purpose, mission, and values. He has been featured in media outlets such as USA Today, Entrepreneur Magazine, and the Wall Street Journal. He is also an accomplished author with books like Extreme Success, Momentum, and The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. Rich's publisher, RDA Press, lists him as a Rich Dad Author and Wealth Mindset Expert. Rich shares that he focuses on lifestyle and not just numbers, cementing the idea that financial freedom is more than just about money. He discusses the importance of balance in life and investments, the role of coaches and mentors, and the concept of financial freedom. He discusses his personal investment strategies and his unique approach to personal growth. Rich also shared insights on real estate opportunities in specific markets and their investments.Enjoy the show!Show notes:[3:06] Rich Fettke's journey into real estate investing[7:52] Rich's first deal[10:44] The importance of life balance and real wealth[13:17] Living a rich life beyond money[14:21] Balancing work and personal life[18:29] How to strike the balance[20:46] The importance of health and deep work[22:05] Setting identity-based goals and evaluating sacrifices[23:48] Aligning goals with who you want to be[27:37] What financial freedom means[31:00] Difference between retirement accounts and financial freedom[32:16] The power of coaching[36:18] The value of coaching beyond business[39:31] What Real Wealth is all about[42:50] The top 3 markets Rich is looking at and other investments[45:43] OutroLinks Mentioned:Real Estate News for Investors - https://realwealth.com/learn/real-estate-news-investors-podcast/ The Real Wealth Show - https://realwealth.com/real-wealth-show-podcast/ Connect with Rich:Website: Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Alex Jarbo.Alex Jarbo is the founder and CEO of Open Atlas Investments. He is a visionary entrepreneur who is revolutionizing the vacation rental and hospitality industry, focusing on custom, unique micro-resort developments. Alex has an impressive portfolio of over $10 million in distinctive short-term rentals.Alex shares valuable insights and tips on maximizing the potential of short-term rentals. He discusses the thriving market of short-term rentals and the benefits, tax advantages, and underwriting strategies for vacation rentals. He touches on regulations, themed properties, distribution channels, software, and the importance of reliable cleaning and security measures. Enjoy the show!Show notes:[0:00] Intro[2:58] A brief background on Alex[7:30] What drew Alex to short-term rental investments[10:12] The differences between short-term rentals, midterm rentals, and vacation rentals[11:55] Regulations on vacation rentals in different locations[15:52] Vacation rental laws and hotel permits[18:49] Airbnb as a distribution channel and marketing strategy[20:09] Property management software and service fees explanation[22:11] Finding cleaners[24:00] Furnishings and themed rentals[26:44] Managing guest bookings and parties[28:51] Handling schedule changes with the cleaning company[30:01] Syndicating short-term rental properties[31:21] Where to learn more about Alex[32:45] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis - https://podcasts.apple.com/us/podcast/10-reduce-your-taxes-maximize-returns-using-proven/id1675913577?i=1000609498241 #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis - https://podcasts.apple.com/us/podcast/14-depreciation-demystified-cost-segregation-and-tax/id1675913577?i=1000611466826 Connect with Alex: Website: https://openatlas.investments/ LinkedIn: Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.Derreck Long is a Senior IRA Specialist at Quest Trust Company. Quest manages IRAs for “alternative” investments like real estate, notes, oil and gas, and private placements, among many others. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress. Derreck provided valuable insights into the workings of self-directed IRAs, including ways to get money into retirement accounts. He touches on the contribution limits for different types of retirement accounts and the process of rolling over a Thrift Savings Plan (TSP) account. He discussed the complex terminology of self-directed IRAs, like Unrelated Debt-Financed Income (UDFI) and Unrelated Business Income Tax (UBIT). Understanding these terms is vital as they can impact the taxation of IRA investments. Derreck also highlighted the potential impact of new tax laws on custodian investments. Enjoy the show!Show notes:[1:31] Self-directed IRAs and custodians[3:39] Active employer funds vs. external funds[4:53] What you can put in an IRA[7:02] Getting money into a retirement account[10:46] Setting up a self-directed IRA[12:18] Informing the old plan provider[14:52] Choosing the right custodian for self-directed investments[17:58] Specialized custodians for different types of investments[20:38] Contribution limits and consolidation of retirement accounts[21:25] Rolling over TSP to an IRA[23:10] Importance of due diligence and working with experts[25:28] Personalized customer service and assistance with IRAs[29:24] Syndicators avoiding IRAs due to plan asset regulations[33:53] IRAs and depreciation[35:21] History of UDFI[37:34] UDFI, UBIT and taxes[41:18] Introduction to retirement accounts[43:46] Choosing between Roth and traditional IRA[45:14] Custodian fees[49:03] How to reach out to Derreck[50:50] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis - https://podcasts.apple.com/us/podcast/10-reduce-your-taxes-maximize-reLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Austin Dean.Austin Dean is the founder and CEO of Waystone Advisors, a financial advisory firm that helps clients align their wealth and financial planning objectives. Since 2010, he has worked in the financial industry, and since 2012, he has advised clients. Austin holds a degree in Business and Marketing from the University of Washington. He holds four designations that he obtained to gain an in-depth understanding of the financial situations people face and the tools that can assist them. Austin is passionate about sharing his knowledge with others, and he enjoys exchanging ideas and success stories with the community of individuals seeking to build and think differently about wealth.Austin discusses the benefits of using life insurance as a stable asset in a portfolio and highlights the importance of diversification. He touches on different types of life insurance policies, the role of real estate in financial planning, and the benefits of a balanced investment approach. He also explains how Waystone Advisors handles existing life insurance policies of clients and their ability to incorporate them into a broader financial plan, highlighting the firm's global perspective and ability to fine-tune strategies.Enjoy the show!Show notes:[0:00] Intro[3:31] Investing in real estate syndications[5:00] The three pillars of wealth design[7:26] Importance of structuring life insurance plans correctly[10:06] Considerations for funding timeline and cash availability[13:44] Leveraging whole life insurance as a wealth-building tool[15:59] The power of non-market correlation in real estate investing, and leveraging retirement accounts[21:36] Timing the jailbreak for tax flexibility and market opportunities[24:25] Pilot life insurance: protecting vs. building wealth[26:53] Information for pilots interested in jailbreaking and retirement planning resources[28:33] How to reach Waynestone Advisors[29:24] Reviewing and optimizing existing life insurance policies[31:52] Fine-tuning investments for maximum efficiency[34:30] The importance of managing emotions in investing[37:15] OutroLinks mentioned:The Three Pillars (pdf): https://drive.google.com/file/d/19h6BU2Ern-aICzasq-29-xVLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Timothy Pope.Timothy Pope is a Certified Financial Planner and GA pilot who serves professional pilots across America. He has a Bachelor of Science degree from Wake Forest University. Before starting his practice in 2020, Tim worked as a financial planner at a large investment management firm for several years, followed by several years at a regional bank. Tim helps clients organize and optimize their financial lives using a straightforward planning process. He prefers an active, hands-on partnership where his clients' goals, dreams, and values are central to their plans. Tim talks about the professional pilot industry, dissecting current trends in compensation, benefits, and corporate operators. He tackles retirement planning, age requirements, benefits, and the seemingly daunting Highly Compensated Employee limit. Tim dives into the new cash balance plans some airlines are rolling out and why they could mean smooth sailing for those nearing retirement. He rounds off with an overview of his firm's full-service financial planning and wealth management approach, designed to help professional pilots make the best of life.Enjoy the show!Show notes:[0:00] Intro[3:04] Background on Timothy and his practice[4:23] Market-based cash balance plan[6:41] Cash balance plans among airlines and tax deferral benefits[7:54] Losing control of investment selection[9:36] Company and union selection of money manager[15:32] Tax implications and potential future savings[21:07] Disadvantages of limited control and lack of allocation flexibility[23:27] Cash balance plan as an alternative for pilots[25:40] Positive developments in airline contracts and pilot benefits[27:27] How pilots can benefit from Tim's financial planning firm[28:35] Tax planning and strategizing with clients[31:14] How to connect with Tim[32:40] OutroConnect with Tim:Website: https://www.tpope.ceterainvestors.com/ LinkedIn: https://www.linkedin.com/in/timothyp-pope/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview David Temko.David Temko is the President of C2 Financial, where he spearheads a highly skilled team committed to optimizing the value of C2 Financial loan officers, who serve as comprehensive real estate and financial experts. David is pivotal to the company's continued growth as the #1 Mortgage Broker in the nation with his dedication to quality. Before C2, David contributed significantly to southern California's Wells Fargo Commercial & Business Banking Group. He is a respected mortgage executive with extensive experience in commercial loans, sales, leasing, and banking.David discusses the impact of rising interest rates on the housing market and exploring opportunities despite higher rates. He talks about the benefits of buying now, the importance of considering tax benefits and potential appreciation, and the value of working with a mortgage broker like C2. David touches on refinancing, utilizing home equity, and the significance of local banks and credit unions. Overall, he stresses the value of real estate and the need to rely on experts for informed decisions.Enjoy the show!Show notes:[0:00] Intro[2:58] Less inventory and homeowners staying put due to low interest rates[3:36] Shift from underdevelopment to infill and existing homes, then to commercial brokerage[9:07] Learning from experience and finding specialists[13:48] Analyzing rent vs. buy decision and calculating costs[16:00] Long-term mortgage strategies and anticipated interest rate trends[18:29] The risk of rising interest rates[20:24] Costs of refinancing, and understanding interest rates and loan percentages[23:27] Utilizing HELOCs to consolidate debt and reduce interest rates[27:04] Blended interest rates, benefits in construction projects, and working with a mortgage broker[29:14] Uncertainty in banks and lending practices[32:23] Importance of matching complexity with the right mortgage broker[34:18] Pre-approval vs. pre-qualification[36:22] Expertise and long-term experience in the business[39:02] Understanding the factors that affect mortgage rates[41:08] Potential impact of interest rate changes on housing demand[44:30] Affordability driving people out of California into metropolitan areas[47:23] Importance of local banks and small businesses in the economy[49:11] Empowering homeownerLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Yonah Weiss.Yonah Weiss is a cost segregation expert (#CostSegKing), real estate investor, and podcast host. With a background in teaching and a passion for education, Yonah helps property owners save millions of dollars in taxes with cost segregation. He has been featured on over 300 top real estate podcasts, sharing his insights and expertise on tax strategies. He also hosts his own podcast, Weiss Advice, where he interviews successful people from various fields. Yonah talks about the intricacies of cost segregation, debunking misconceptions and sharing the evolution of this method over the years. He discusses the role of engineering or construction knowledge in breaking down property elements for cost segregation. Yonah also sheds light on the implications of cost segregation on real estate investing, like the impact of high interest rates on investments and how financing affects each investor's depreciation deduction. He also unpacks the IRS regulations needed to qualify for a real estate professional status and discusses the real-world application of cost segregation in different real estate investments.Enjoy the show!Show notes:[0:00] Intro[7:54] What is cost segregation, and how Yonah started with it[11:27] Brief history of cost segregation[13:31] Straightline depreciation and tax deductions[16:10] Cost-seg for a single-family home[19:00] Yonah's background and journey to being a cost-seg expert[23:38] Cost segregation for personal rental properties[27:12] Non-bonus depreciation[29:09] Bonus depreciation[32:34] When it is not beneficial to do a cost segregation [34:41] Real estate professional status[38:24] Exceptions to the rule (loophole)[42:20] Deciding to do a cost segregation[43:54] What properties you can run a cost seg study on[46:19] Cost segregation on a new purchase vs. adding capital improvements[49:43] Cost seg on ground-up developments[50:36] Lower leverage environment[54:26] Appetite for depreciation[56:07] One thing that stood out to Yonah[59:01] Where to find Yonah[1:00:02] OutroConnect with Yonah:Podcast: Weiss Advice - https://podcasts.apple.com/us/podcast/weiss-advice/id1515387561 LinkedIn: Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

On this episode of Passive Income Pilots, Tait and Ryan interview Ben Fraser.Ben Fraser is Aspen Funds's Managing Director and CIO, a fund manager specializing in alternative income investments. He has over 10 years of experience in the financial industry, including commercial lending, credit underwriting, and energy infrastructure asset management. Ben was a key contributor to the growth of Tortoise Capital Advisors, a leading firm in energy infrastructure investments, from $3BN to $7BN in institutional managed accounts. He has an MBA from Azusa Pacific University and a B.S. in Finance from the University of Kansas.Ben talks about the oil and gas economics and the opportunities in this sector. He explains why the demand for oil and gas could remain steady or even rise in the future despite the green energy push. Ben dives deep into the intricacies of investing in oil and gas, uncovering the potential windfalls and pitfalls. He also sheds light on the benefits of a non-operated working interest and the tax advantages tied to oil and gas investments. He gives a comprehensive run-down of potential investment avenues, and mentions that currently, you can invest through capital raisers like Turbine Capital.Enjoy the show!Show notes:[0:00] Intro[2:21] About Ben and Aspen Funds[4:14] Oil and gas macroeconomics[10:27] Big Oil and the dynamics with medium and small operators[13:22] Historical trends in investing in oil[18:09] How many years an asset has in production[19:53] Effect of environmental issues on oil and gas investments[23:10] Oil and gas investment opportunities[30:30] Industry terms walkthrough[39:51] Invest with Aspen Funds through Turbine Capital[43:27] How to connect with Ben[43:58] OutroLinks mentioned:Find out more about Turbine Capital's currently open opportunity:https://turbinecap.investnext.com/portal/offerings/4053/Connect with Ben:Podcast: https://www.thebillionairepodcast.com/ LinkedIn: https://www.linkedin.com/in/benwfraser/Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

We are ecstatic to have John Chang on this episode of Passive Income Pilots. John is the National Director of Research Services for Marcus & Millichap, the country's most dominant commercial real estate brokerage. He oversees a team of 20 analysts and produces cutting-edge market forecasts based on data and insights. He also speaks at 50+ conferences yearly and blows everyone away with his knowledge and expertise. John came to us fresh from the Fed meeting and unleashed some mind-blowing revelations in his 45-minute presentation with slides. You must watch it on Youtube and prepare to be amazed by the state of the real estate market and the best investment opportunities. This is a game-changer!Watch it on our Youtube channel: https://youtu.be/JfdRNe62fCo Show notes:[0:00] Intro[1:38] About John Chang[3:39] Why you should invest in commercial real estate[11:51] The economic outlook, recession indicators, and the key drivers of CRE[16:57] Unemployment rates, labor shortage, and employment growth[21:26] The consumer price index, producer price index, core personal consumption expenditures, and the Federal reserve[23:35] Bank shutdowns, bank reserves, and lending standards[26:27] CRE performance in different property types[43:14] The sales market[49:38] The effect of the rise of interest rates and mortgages on CRE[54:15] What John  looks at when investing[58:32] What property type John is bearish on[1:00:40] OutroConnect with Jonathan:LinkedIn: https://www.linkedin.com/in/johnchang/ Website: https://www.marcusmillichap.com/ Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.Tait and Ryan break down SEC rules and the distinctions between 506B and 506C offerings. They lay out the qualifications needed to be an accredited investor and delve into the impact of the JOBS Act in 2012. They share the process of investor accreditation, from proving your accredited status to the operator to leveraging a third-party verification company, and the role professionals like attorneys, CPAs, or financial advisors play in validating it. Enjoy the show!Show notes:[2:46] History of the regulation[4:20] The JOBS Act[5:22] Accredited investor[9:15] Proving your accreditation[12:47] What needs to be done if you're not accredited[19:21] Your information is kept confidential[21:01] OutroJoin the Facebook group: https://www.facebook.com/groups/passivepilots Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

A case in which the Court held that Sections 11 and 12(a)(2) of the Securities Act of 1933 require plaintiffs to plead and prove that they bought shares registered under the registration statement they claim is misleading.