trending Market Intelligence /marketintelligence/en/news-insights/trending/__BZLb_LezSIDKD1eR6MBw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Private investor takes control of Orion Financial

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Private investor takes control of Orion Financial

Through a private transaction, Joshua Nadav has taken the control block of Orion Financial Group Inc.'s voting stock, buying 93,522,000 Orion Financial common shares from Orsus LLLP, Pegasus Motorsports LLLP, Catalyst Holding Group LLLP and The Orion Fund for $14,000.

Nadav used personal funds for the transaction. Nadav has been working with small and medium-sized businesses providing services and solutions for small businesses and with merchants offering credit card processing, personal and business credit repair, according to a regulatory filing.

Additionally, Orion Financial is looking for a new independent registered public accountant following the resignation of MaloneBailey LLP. The auditor's report in the company's financial statements for years ended Dec. 31, 2013, and 2012 did not contain an adverse opinion or disclaimer of opinion or were qualified or modified as to uncertainty, audit scope or accounting principles, other than as related to the company's ability to continue as a going concern.

The company had no disagreements with MaloneBailey on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

However, Orion Financial found that its internal controls over financial reporting were not effective due to material weaknesses in impairment determination, revenue recognition and supervisory responsibilities. The company found there were deficiencies in segregation of duties over financial reporting as of Dec. 31, 2013, as the CEO and the CFO could not provide an independent review because they were actively involved in preparing financial statements.

Kenneth Green and Lincoln Ong resigned as officers and directors of Orion Financial. Nadav was appointed CEO, treasurer, secretary and sole director of the company.