Muscle Pharm Corporation (MSLPQ)

[deafelephant]

Damn straight...

Investors Behind Payday Lenders
On December 30, 2014, DFS served a document subpoena upon a Medley Opportunity Fund, part of
the Medley Capital Corporation, now a publicly traded investment company, which was originally
founded by the late Richard Medley as a socially conscious investment entity. The subpoena requests
documents and information regarding Medley’s payday-lending-related activities.

and

Medley Management and Their Business Practices

MDLY has found itself in the middle of a complex investigation. Benjamin Lawsky, Department of Financial Services Superintendent, sent a subpoena to one of Medleys managed funds, Medley Opportunity Fund II, in early January. The fund is under investigation for the questionable loans it made.

Bloomberg had this to say about the situation:

"Medley is among Wall Street investors who profited by backing payday lenders based offshore or associated with American Indian tribes, which some regulators say are exploiting loopholes to charge higher interest rates than state laws allow. The fund that Lawsky is probing backed Mark Curry's MacFarlane Group Inc., a company that struck a deal with a tribe in Oklahoma to set up websites that charge more than 700 percent interest a year, Bloomberg News reported in November."

One might conclude from this that MDLY may be operating in a fairly shady and risky way to generate the fee income they are demanding of investors who invest in their funds. This doesn't mean they are operating in a shady and risky way, but perhaps they may very well be if this investigation proves to be correct. My thoughts as a potential investor are focused on the future, so I took a closer look at MDLY and I have some other concerns as well.

http://seekingalpha.com/article/2938776-the-risks-of-medley-management-and-how-to-correctly-time-your-purchase