St. Joe Says SEC Is Probing Financial Reports, Berkowitz

The U.S. Securities and Exchange Commission has started a formal investigation of St. Joe Co., Northern Florida’s largest landowner, and Chairman Bruce Berkowitz, its biggest shareholder, the company said today. John Gittlesohn reports on Bloomberg Television’s “Taking Stock.”

St. Joe Says SEC Is Probing Financial Reports… by Bloomberg

July 5 (Bloomberg) — Bruce Berkowitz, founder of Fairholme Capital Management LLC and chairman of St. Joe Co., discusses the U.S. Securities and Exchange Commission’s formal investigation of him and St. Joe. The probe “covers a variety of matters” including securities-law anti-fraud provisions for corporate officers and board members, internal controls and financial reports, Watersound, Florida-based St. Joe said in a filing with the SEC on July 1. Berkowitz, St. Joe’s biggest shareholder, speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

Morningstar Investment Conference: Using Annuities In A Portfolio For Added Stability

portfolioOver the past decade, annuities have fallen out of favor with investors. These retirement products became popular in the US during the Great Depression when potential retirees were looking for a secure income stream that would be unaffected by stock market volatility. Q2 2020 hedge fund letters, conferences and more If you’re looking for value Read More