Monday, May 17, 2010

Shia LaBeouf SEC Investigation?

We all know the story by now. In preparation for his role in the upcoming movie, Wall Street 2: Money Never Sleeps, Shia LaBeouf spent some time hanging around the offices of various securities firms, including John Thomas Financial.

Questions have been raised by, among others, Sam Antar, about just what JTF taught LaBeouf, since quicker than a Goldman Sachs IB can say, "I have a dynamite CDO I can sell you," LaBeouf traded $20,000 into a heavy line.

Since the SEC is now in a grab the headlines investigation mode, friends tell me certain SEC people are taking a look at the LaBeouf-John Thomas Relationship. Nothing heavy yet, I'm told, just poking around. But nothing would garner the SEC more headlines then busting people around LaBeouf.


  1. Maybe they want to see if his porn links are better than the SEC's.

  2. I expect an investigation and maybe a fine. I suspect there was no wrongdoing done, but the SEC needs to look tough, and going after a movie star makes sense because of the size and visibility of the target.

  3. Very interesting to hear. Obviously will have to wait and see if anything comes out of it but I remember him touting his returns. Not to mention, he was pumping InterOil (IOC) in some magazine interview as well. That company's stock had been flying higher but then again you also have a lot of shorts flocking to it due to perceived possible fraud, etc. Thanks for the update and will watch the developments. If something were to come of it, I can just see the headlines now re: a Wall Street 2 actor. Oh, the irony.

    Great site by the way, it's my first time here and just started poking around. I run a site focused on hedge fund portfolios so it's interesting to see the other niches people are posting about. Keep up the interesting resources!