ROTH Capital Partners

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Roth Capital Partners, LLC
Private
Industry Finance and insurance
Founded 1984; 34 years ago (1984)
Headquarters California, USA
Key people
Byron Roth (Chairman and CEO)
Products Investment banking
Financial services
Revenue Increase US $ 55 million (2007)
Number of employees
135 (2007)
Website www.roth.com

ROTH Capital Partners, LLC is a small investment banking firm[1] with headquarters located in Newport Beach, California.[2]

The firm was featured in the 2017 financial documentary The China Hustle for its role in underwriting Chinese reverse merger frauds and for hosting what has been described as "bacchanals" in which emerging companies woo investors amid topless models[2] and extravagant music acts such as Kid Rock and Snoop Dogg.[3]

History

Since inception in 1984, ROTH has been a small and microcap stock underwriter.[2]

Involvement with Chinese reverse mergers

Roth Capital was featured in the 2017 financial documentary The China Hustle which chronicled the firm's underwriting relationships with dubious Chinese companies that led to crisis-level losses for American stockholders in the wake of the 2008 financial crisis while making windfall profits for the firm.[4]

Parties

The firm's parties have been compared to the lavish parties of Drexel Burnham Lambert’s of the mid-1980s, which were nicknamed “The Predator’s Ball”.[2] In February 2007, The New York Post reported that after a one-day conference, Roth took several hundred of its clients to the Buddakan in the Meatpacking District of New York for a Cancun-meets-Wall Street-themed lollapalooza. The primary feature of Roth’s event was the presence of “several dozen” topless Asian models, with the ticker symbols of the companies Roth underwrote body-painted on. A firm spokeswoman confirmed that the women were topless, describing them as “part of a plan to help everyone unwind after a really long, hard day.”[2]

The firm's chairman, Byron Roth, has been described as a "frat-boy" who "performs a middle-aged man’s stage-dive".[5]

See also

External links

  • ROTH Capital Partners, LLC Corporate Website

References

  1. ^ Swann, Christopher (18 June 2014). "Elon Musk's Halo Effect". The New York Times. Retrieved 29 March 2015. 
  2. ^ a b c d e "ROTH CAPITAL'S $LEAZE TO PLEASE". New York Post. 2007-02-05. Retrieved 2018-05-19. 
  3. ^ "Conferences mix business with hip-hop, pop". msnbc.com. 2006-02-23. Retrieved 2018-05-19. 
  4. ^ Goldstein, Gary. "Financial documentary 'The China Hustle' details alleged U.S.-China collusion". latimes.com. Retrieved 2018-05-19. 
  5. ^ "Jed Rothstein's The China Hustle pulls back the curtain on a new ticking time bomb in the financial markets". Retrieved 2018-05-19. 
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