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MICG's hedge fund investments in peril
NEWPORT NEWS — Jeffrey A. Martinovich, the CEO of troubled investment services firm MICG Investment Management, has warned his hedge fund clients that two of their primary investments are in peril and...
View ArticleMICG ordered to limit trading
MICG Investment Management LLC has been ordered to cease buying and trading stock on behalf of its retail brokerage customers, the company's attorney confirmed Thursday. Under terms of the order issued...
View ArticleLocal judges say they can't hear MICG lawsuit
All five judges of the Seventh Judicial Circuit Court in Newport News have recused themselves from hearing a lawsuit filed by a Newport News investor against MICG Investment Management, its CEO and the...
View ArticleMICG promised a silver lining in a cloud of mounting debt
— Beleaguered Newport News financial services firm MICG Investment Management LLC lost more than $852,000 in the first 10 months of 2009 and was projecting total losses last year of $1.2 million,...
View ArticleInvestors fire MICG from one hedge fund; firm poses exit strategy for two others
A year ago, MICG Investment Management was one of few local brokerages to offer wealthy investors a chance to put money into a package of potentially high-return hedge funds. The Newport News firm...
View ArticleHead of Newport News investment firm, MICG, being investigated for fraud
NEWPORT NEWS — The top executive of the Newport News brokerage firm MICG Investment Management LLC is under investigation in a host of securities violations including fraud, according to public...
View ArticleUFL franchise introduces ex-CEO Joe Moglia as head coach
Head football coaches are often referred to figuratively as CEOs of a program or franchise. Virginia's fledgling United Football League franchise took the unusual step of hiring a CEO as its first head...
View ArticleFrom the Tarpit: Joe Moglia is an unusual hire by the UFL to coach the...
Joe Moglia's hire as head coach of the United Football League's new Virginia Destroyers isn't just out-of-the-box, it's out-of-the-factory-where-they-make-the-box. Moglia, as chronicled elsewhere, is a...
View ArticleWhat will Southwest-AirTran merger mean for Hampton Roads?
Southwest Airlines said Monday that it plans to buy fellow low-fare carrier AirTran in a $1.4 billion deal that could change the air travel landscape in Southeastern Virginia. AirTran is by far the...
View ArticleInvesting? Here's how mutual funds work
Mutual funds are a popular way for people to invest. They can be purchased through banks, brokers, financial planners, insurance agents or directly through the fund. But what are they and how do they...
View ArticleHow a company cashed in on anthrax
In a two-year span, the nation's only licensed anthrax vaccine maker went from pleading poverty to announcing $100 million in acquisitions, including other pharmaceutical companies and a new...
View ArticleTreasure hunt your way through consignment shops
Tired of the gold-leaf mirror on your dining room wall or the basic black dresses in your closet? Want pretty decorative plates for that wall or a red silk jacket for those dresses? Think consignment...
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