A Money Market Fund is an open-minded joint fund that invests in short term securities on debts such as the United States Treasury Bills. Its main objective is to safeguard shareholders’ financial welfare by earning them more interest, and at the same time, maintaining a steady Net Asset Value (NAV) that stands at a dollar per share. The fund limits imminent exposure to the risks involved in the securities exchange that affects credit, liquid flow and markets.
Controlled by the Securities and Exchange Commission, the funds are subject to regulations as per the Rule 2a-7, which mandates the commission to dictate what investors can invest in after evaluation of the quality, maturity, and the wider scope of investments in which money market funds wish to earn revenue from.
A lot of people are easily inclined to invest in Money Market Fund practices because the market offers security to funds just like conventional bank deposits. However, mutual funds are not insured by the federal government. If the NAV falls below a dollar per share, then the investors are forced to break the buck. This is the last resolution when the investments in subject have suffered severe losses due to evasion and high fluctuations of interest rates.
About Mr. Bruce Bent II
He is the CEO, chair and President of Double Rock Corporation Inc., a leading firm in the financial technologies industry. It deals in digital cash management systems that provide financial solutions to banks, brokers, dealers and other industry retailers.
Mr. Bent II is a goal-oriented financial pioneer who not only has the right leadership qualities, but also has a vast experience in the financial market. This experience has made a him a key figure in startup incubations, business marketing, risk management and entrepreneurial positions.
Mr. Bent II holds a senior position in each of the privately owned Double Rock subsidiaries and their affiliates. Some of them include; Access Control Advantage Inc., Intrasweep Inc., LIDs Capital LLC, Island Intellectual Properties Inc., and Landing Rock Group of Companies.
Throughout his professional life, Mr. Bent II, a Northeastern University alumni and a Bachelor’s of Science degree holder in Philosophy, has served in several executive positions in various incorporations, notably the Reserve Management LLC, where he serves as the President.
A recent article from The Industry London spoke about future plans of Australian lingerie brand Honey Birdette. The brand, Honey Birdette, intends to open up 40 stores in the UK by the end of 2018. Honey Birdette is also thinking about opening other stores in premium locations in Europe, as well as in the US. This fast growing Australian lingerie brand has launched a US e-commerce site after receiving a 374% increase in their US online sales in the past year.
Honey Birdette, as has already been mentioned, is an Australian lingerie brand founded by the entrepreneur Eloise Monaghan in 2006. It all began when Eloise Monaghan got tired of not being able to find provocative lingerie back in 2006. So, she took it upon herself to start an innovative brand that, as she said in an interview, would “make guests (at her stores) feel provocative and empowered.” The fact that there wasn’t another store out there like hers is probably the reason behind her brand’s incredible success.
To this day Honey Birdette has a Facebook page with over 73,000 likes, a Twitter account with over 2,000 followers, and an Instagram account with over 174,000 followers. The reason behind its growing popularity is probably due to the incredibly sexy, seductive, and just plain provocative lingerie styles they sell, which by the way, is not all they sell. Honey Birdette sells anything from lingerie to His and Her toys to edible lubricants and even candles that will undoubtedly set up the mood for those special occasions. As if that weren’t reason enough for someone to race to their closest store, or online page, the prices of Honey Birdette are definitely competitive with desirable bras starting as low as $65.00!
If you turn on the news each and every night you will hear about a new security breach that has been broken. It is almost as if the society we live in has been programmed to think these security breaches are either okay or not important because they do not impact us. While these breaches may not impact us directly they are a cause for concern because it reminds us that flaws still remain even in the midst of some of the most technological advances out there. Now, don’t shoot the messenger but hear me out. How should a system that has been created to be perfect have so may flaws?
Recently, Securus Technologies released a statement that Global Tel Link, a company that provides technological services to inmates had not not only suffered from a security breach but from an integrity breach. According to PR Newswire reports [http://www.prnewswire.com/news-releases/securus-corrects-inaccuracies-in-global-tel-links-gtl-press-release-300282563.html] allegedly, inmates were being overcharged and billed for things they should have never been billed for. It is just another incident of how our inmates continue to be taken advantage of because of their lack of knowledge of what their actual rights are. It’s unfortunate yet sad but the only way to correct this is to address it head on.