1995 Rolls Royce Silver Spur IIIEver wanted to own a luxury car that's usually reserved for royalty and foreign dignitaries? Now you can get the chance at a beautiful 1995 Rolls Royce Silver Spur III now currently available for online auction courtesy of the U.S. Marshals. This handcrafted luxury vehicle comes standard with power windows, power windows, power seats, power door locks, power brakes, cruise control, air conditioning, leather seating, hardtop roof, AM/FM radio, CD changer in the trunk, factory brand stereo, alarm system, premium factory wheels, and just over 31k miles. The vehicle itself is in fantastic aesthetic condition both inside and out, but only requires a new battery in order to be up and running again. The current asking price for this Rolls Royce is just $23,500 with no bids as of yet. The car is currently being held in Las Vegas, and the auction will be ending in just a few short weeks so be sure to activate your 3-day free trial account now.

Thursday, May 21, 2015

Construction Up, How Banks Are Supervised, CFTC Meeting Agenda, NDDF & Sethi Petroleum

Residential construction statistics for April 
 Supervising Large, Complex Financial Companies: What Do Supervisors Do? 
The CFTC Market Risk Committee Agenda
NDDF, Sethi Petroleum, & Sameer Praveen Sethi's fraudulent oil and gas investments

The U.S. Census Bureau and the Department of Housing and Urban Development published residential construction statistics for April. Permits were up a staggering 10.1% from March and up 6.4% from April 2014. Housing starts were up 20.2 % from March and 9.2% from last year.

The Federal Reserve published a working paper titled Supervising Large, Complex Financial Companies: What Do Supervisors Do? The paper describes the Fed's "supervisory approach for large, complex financial companies and how prudential supervisory activities are structured, staffed, and implemented on a day‐to‐day basis at the Federal Reserve Bank of New York as part of the broader supervisory program of the Federal Reserve System." The ultimate goal of the paper is to provide an overview of what supervision is in order to determine its impact.  

The CFTC Market Risk Committee is having a meeting on June 2. The agenda is published on the website.

The SEC filed an emergency civil action against Sethi Petroleum, LLC and its president, Sameer Praveen Sethi. The action accuses the firm of offering fraudulent oil and gas investments. Since January 2014 the firm raised ~$4 million "through the fraudulent offer and sale of securities in the Sethi-North Dakota Drilling Fund-LVIII Joint Venture ("NDDF")". The offering materials were for oil and gas wells in the Bakken Shale formation in North Dakota. The firm spent less than 25% for these purposes. The suit accuses the SEC of spending more than 75% of investor funds on unapproved expenditures. As a result "less than $1 million of the funds raised went to NDDF's actual oil and gas operations."

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.