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As the saying goes, “a rising tide lifts all boats.” This expression is commonly used in the investment world to mean that in bull markets, all portfolios tend to rise, no matter how poorly constructed. However, when the market changes directions sharply, as it has over the last thirteen trading days, poorly constructed portfolios sink more precipitously than the overall market.

The stock market has never before plunged by 18% off of its all-time high over such a short time frame. The main driver of the decline had been, prior to this week, concern over the impact that the spreading Coronavirus will have on the US economy. On Monday, March 9, however, news of an oil trade war caused a further, more precipitous decline. But the 18% decline in the market in the last few trading days represents the broad equity markets. Investors whose portfolios are overconcentrated in individual stocks or market sectors are experiencing even worse declines. To continue the boat metaphor, some portfolios will be sunk or will crash against the rocks. Continue reading

Parker MacIntyre is proud to announce that it is a co-sponsor of She Leads, an upcoming financial education and empowerment workshop specifically geared to the unique needs of women in the workforce seeking to secure, protect, and grow their wealth. She Leads is a free event produced and organized by the Office of Georgia Secretary of State Brad Raffensperger in partnership with Investor Protection Trust (IPT), Investor Protection Institute (IPI) and the Association for Financial Counseling & Planning Education® (AFCPE®). The workshop will be held on Friday, May 3, 2019 in Atlanta.

In announcing the firm’s co-sponsorship of She Leads, Steve Parker, Managing Principal at Parker MacIntyre, has stated that “we at Parker MacIntyre are thrilled to be a part of this effort to enhance financial and investment awareness in Georgia, and wholly support Secretary Raffensperger’s initiatives on this front.” Secretary Raffensperger has announced a financial literacy platform, including a series of events aimed at educating Georgians on the importance of investing and money management. She Leads is the second event hosted by the Secretary since taking office in January 2019. As described in the event’s agenda, the goal of She Leads is “to empower women with an increased knowledge about money, their personal relationship with money, and financial issues and strategies that are available to increase and leverage wealth.” Continue reading

Parker MacIntyre welcomes Thomas W. Zagorsky as a guest contributor to the RIA Compliance Blog.  Tom is a long-time friend of, and collaborator with, our firm.  His wealth of legal experience includes serving as Assistant Commissioner of Securities for the State of Georgia from 2013 to 2015 and a practice of law, both with private law firms and investment banking and private funds, for nearly 15 years.  He specializes in hedge fund formation, private securities offerings and other aspects of securities and investment services law.  Tom is well-versed in the rules and regulations relating to investment advisers, including private fund advisers, managers of private equity funds and other pooled investment vehicles.

Tom has kept a keen eye on recent statutory and rule developments impacting issues such as crowdfunding, private placement reform, and other statutory and regulatory innovations relating to corporate finance and capital formation.


Parker MacIntyre provides legal and compliance services to investment advisers, broker-dealers, registered representatives, hedge funds, and issuers of securities, among others. Our regulatory practice group assists financial service providers with complex issues that arise in the course of their business, including compliance with federal and state laws and rules. Please visit our website for more information.