Cani Financial Advisors Internship

PMed you.

I looked in to them last Spring and found some info on them. They were Cani Capital Management previously, and at that time they had around $150 MM AUM. The Founder/Fund Manager is Fred Smilek. He was given an order of prohibition from the Federal Reserve. Here is the actual document: http://www.scribd.com/doc/1339225/US-Federal-Reserve-Attachment

I don't know how strong the case was of the $250,000 being misappropriated, but it was enough for me to not bother with that company.

“THE U.S. LABOR MARKET has been achieving records it would have rather avoided: 2008 witnessed the highest number of unemployed in the last seven decades; and January 2009 recorded highest layoffs in a single month in last six decades” Devina Mehra, Chief Strategist-April 20th 2009 Barrons Online

“Employment in financial activities continued to decline in March (-43,000). The number of jobs in this industry has dropped by 495,000 since an employment peak in December 2006. More than half of this loss occurred in the past 7 months. In March, job losses occurred in credit intermediation (-15,000); realestate (-12,000); and securities, commodity contracts, and investments (-7,000)”. – US department of Labor Employment Situation Summary - March 2009

There are plenty of job loss stories and fledgling financial institutions making headlines in the media over the past few months. There are more and more qualified individuals fighting for fewer and fewer jobs these days. This is a scary situation for any job seeker to find them self in let alone one with little or no experience.

Cani Financial Advisors is fortunate to be experiencing success and growth during these difficult times. Thus, the opportunity is established for Cani Financial Advisors to openly and aggressively seek talented knowledgeable individuals for our internship program. Our program has been in place for 4+ years and we have successfully trained one hundred plus graduates or recent graduates looking to break into the financial services arena. Our apprentices are exposed to many different areas of the business where they can sharpen their skills and get the necessary experience that so many financial companies require.
Our intention with each candidate is to train them to be a valuable member of the Cani Financial Advisors TEAM. Due to our great success in training and developing these aspiring individuals, as a company policy we predominantly hire out of our apprentice pool. Here at Cani Financial Advisors we have found that our program pushes the apprentices to test their limits and expand their capabilities.

If you are interested in finding out more about internship program and becoming one of our apprentices please go to our website: www.canifinancial.com and click on the careers page to submit an application. You may contact the Cani Financial Advisors HR department directly via phone @ 954-376-4576

Cani Financial Advisors is a fully licensed Commodity Trading Advisor under the auspices of the National Futures Association. Please note that registration on the Cani Financial Advisors website is intended for qualified investors only, but please feel free to be in contact with me personally with any interests or questions about Cani Financial Advisors via phone (954) 653-8622 or email me [email protected].

James Putra
Chief Operations Officer
    Cani Financial Advisors

Run away....

http://www.ripoffreport.com/reports/0/227/RipOff0227123.htm

Hey guys, It is disturbing to see anyone promote a site like ripoff and it claims. After further research the guy who runs the Ripoff site Ed Magdeson has questionable practices and is linked to extortion, Fraud and even Raqueteering charges.

Please see a few of the links below about the quality of person ED is and the great service he provides. I would be very very wary of any information found on this site. Take a look a few of the wonderful things this guy Ed is related to:

(Before he created the Rip Off Report) Marijuana possession & paraphernalia, Check fraud
Assault & Battery Default Judgment $30,041.21

(Now see what he has done since creating them….) http://www.bad-business-rip-off.com/legalproblems.html http://www.ezripofflawsuit.com/ http://www.complaintsboard.com/complaints/rippoffreportcom-c108122.html http://www.scamreviewsites.com/Rip_Off_Reports-GoodBusinessBureau.htm http://www.fight-back.us/11-16-04--Federated-Financial-Magedson-arrest-… http://www.bad-business-rip-off.net/hycite.html.

We can’t let criminals kill good hard-working people’s dreams and businesses. Be critical of our sources!!!

this thread comes up in 3rd place for Cani Financial Advisors internship heh, seems like the people working there posted as james putra and tdiddywealth

My friend was an intern. They just use them for free labor. One intern was in charge of getting as many interns as possible. They never had 150 million dollars. That is not true at all. They lied to you. My friend said they don't have any money and said they don't pay the employees and was very afraid. They owe many people money. You can't use the company name for your resume because of all this bad stuff. You should find another internship. if you go to a big bank they will not hire you. yeah they are super sketchy.

This is obviously a motherfcuking scam. Tittywealth, and James Putrid are working for Cani. Careful inspection of their shitty site reveals that their site's design is a skin. They didn't even hire a REAL web designer.

NYC HERE I FCUKING COME.

Fcuk You, My post is from personal experience and hardships I have run into with Rip Off Report, I know as much about what ever or who ever these guys are as you do,….and…Judging by some of your comments and posts doesn’t seem to be that you know much of anything. LOL. I see you just like goin on and FCUKing up other blog articles submitted by professionals that know what they are talking about. Take my word, your no professional, crawl back in the hole you came from….it TDIDDYWEALTH biatch. HAhA……good luck in NYC. Peace.

It's pretty clear that you are being paid by Cani. How can you otherwise defend this scam? So you have experienced "personal hardships" by the hands of Rip Off Report? I'm not sure if you can understand this (with your Miami U education, at whatnot), but that alone means your argument is subjective. When I search up "Cani Financial Advisers internship", this post is the first result.

tdiddywealth:

I have heard some decently positive things about Chimera, that may make it worth pursuing. Not sure by what people are defining as a long-term career, but if you learn form what they have to offer and are able to move forward in a positive light. I like to think that it is well worth it.

Ohhh, what's this, are you promoting the KNOWN chop shop that goes by "Chimera Securities"

Oh, and when you said that I "don't know much about anything", you're wrong about that too. I have received offers from the likes of DE Shaw, Citadel, AQR, and a few others. Good luck with the $10 Cani's paying you for promoting them....it's FCUK_YOU beeyotch. HAHA....good luck in Ohio. Peace.

NYC HERE I FCUKING COME.

Tdiddy, ttittysucker or whatever

OK so this rip off report thing is maybe not so accurate. Maybe they attacked you too. So what.

Like FCUK says - how can you defend this Cani scam?

I already told you my friend was an intern. It was my BF. He studies finance and wanted good job. They just use people for free labor. One intern was in charge of getting as many interns as possible. They never had 150 million dollars. That is not true at all. They lied to you. My friend said they don't have any money and said they don't pay the employees and was very afraid. They owe many people money. You can't use the company name for your resume because of all this bad stuff. You should find another internship. if you go to a big bank they will not hire you. yeah they are super sketchy..........

They made someone angry and if you read the rip off report this person had their money taken. the company didn't deny it. They said it was another problem or something. An investment gone bad. They invested in the company - and they lost their money. They never got it back. How do you defend the company then? Tdiddy, what about the federal reserve problems. This is not related to rip off report. The fed reserve had something about this guy taking money. That is not the rip off report. This guy from Cani who must be your partner is writing garbage. They are not hiring anyone. They have no money. No jobs. My friend said they never paid people for many months and they were all poor.

If you are so smart why can't you see these guys are not a good company and it's a scam? If you do not work for Cani you should realize all the other problems. People are getting used and hurt. My BF was the one who was there. He wasted his time when he should have gotten a job. We were all very hurt by these people. We had many personal problems because of this company. I met other students we had drinks with that that were hurt by this company too. One guy said they had a computer intern doing some false stories and make a new identity for one of the partners Smilek. That must be illegal. Maybe you think that is OK too. If you continue to defend them we know you really work for them.

FCUK is right - how can you defend this total scam?

JDSG1 - WARNING you came out and attacked me…

For those of you that have been following along, if you notice my first post, it has nothing to do with this company. I am part of a community of business owners that firmly stand against Ripoff Report and their very questionable practices, which include extortion. JDSG1, I have debated for the last few days whether to even dignify your ridiculous post with a response. Then upon further analysis, I came to realize that not only are your arguments extremely weak and lacking any type of real substance, but that you are attacking me through them…so here we go.

Consumed by anger for this company, you completely disregarded my intent of shedding light on the unethical practices of Ripoff Report and instead made a hasty generalization that I’m defending the company. You obviously have no respect for your fellow bloggers or their points and are just hell-bent on defaming this business. It’s not fair that you totally ignore the purpose of my post, and then lump me in with your attack of your “BF’s” internship. With that being said, REMEMBER, you personally attacked me here!!! Let’s discuss your argument which is extremely weak, at best.

Point 1: “I already told you my friend was an intern. It was my BF.”… (Best friend/boyfriend?) Great so you are directly tied to someone with experience at this company. Additionally you represent that you yourself were “hurt” as a result of your BF taking an internship. This means that all this “information” you’re regurgitating on these forums is purely emotional and based on anger. You have no motivation to present any information you have in a correct or fair manner, in fact it is in your best interests to bash this company. There are always 3 sides to every story (what you think happened, what they think happened, what actually happened), and in your case 4 since you have your information through hearsay. An unfortunate reader of your posts isn’t getting a fair assessment of this company or how they conduct their business.

Point 2: “He wasted his time when he should have gotten a job. We were all very hurt by these people. We had many personal problems because of this company.” So, at very best, we can assume that this is second-hand, biased knowledge. Great! That’s really fair to users of the site that are trying to decide on an internship. You could be costing people a great opportunity because you are stubborn, ignorant, and ill-informed. It is this very thing that Ripoff Report exploits, that I am trying to educate people on. So thanks for helping to prove my point that blind and miss-guided information by a jilted individual can have serious implications for a company. If things were really as bad as you say then you could’ve gone to the department of labor, unless you have no case and you are just slandering a company because you are pissed off.

Point 3: “They never had 150 million dollars. My friend said they don't have any money and said they don't pay the employees” First of all, where does this figure of 150 million dollars come from? How can you even verify that this company claimed to possess 150 million dollars? And furthermore, why would a company share its actual financial information with interns? Your BF also did a solid job in finding a company that apparently has no money, and doesn’t pay its employees. WHAT??? If they have no money, how are they in business? If employees don’t get paid, why are they working there? These are all questions that you cannot answer because you have no idea what you are talking about. So why go on here and post out of pure anger, with no substance to back up your ridiculous claims? Also, since your BF was never an employee, and just a mere intern, he/she has only partial knowledge of the company and neither you nor he/she is really qualified to comment on this topic.

Lastly, did you stop and consider the ramifications of coming on a public forum and blasting a company? Because of your anger and haste in posting this message, you could potentially be affecting your BF’s career. The time that he spent at the internship is now useless; as I am sure no company being attacked would ever offer an endorsement of that intern to a future employer. You could be hindering your BF’s prospects in this industry. But that’s right; you are hiding behind an alias so who would really know anyway. If you had anything of value to say and you really had conviction behind what you were saying you would post your information online and let people contact you directly.

At the beginning of your post, you acknowledged that I have been impacted from the borderline illegal practices of Ripoff Report. It is my clarification of this fact, and to denounce any affiliation with your BF’s company, as to why I am forced into having this simple minded discussion with you. Understand that. You attacked me, and had no authority on the matter. For those who have been victimized by Ripoff Report or are interested in hearing about what I intended to say, feel free to message me or read more about getting rid of Ripoff Report and taking action against Ed Magedson (founder of ROR) at: http://www.ezripofflawsuit.com/

Tdiddy,

i did see this ripoff report you keep saying. Super sketchy. bro why aren't those ripoff people in jail?

Hard to see why you support this shop Cani and their behavior, bro you work there huh??? lol!!!!!!!

i tried to register for the cani site but i cant get access. i think there is no website.

http://www.ripoffreport.com/reports/0/227/RipOff0227123.htm

ripoff said Fred Smilek had a legal history before the Board of Governors of the Federal Reserve System. Misappropriation of 275,000 at the Chemical Bank of New York where he held a position. His partner Scott Raybin had some issues with the Security Exchange.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 44239 / May 1, 2001 Admin. Proc. File No. 3-10349

http://www.sec.gov/litigation/opinions/34-44239.htm

OMG! you have to much free time! Are you working for Cani? lol!! busted!!! lol!!!!! you're ridiculous bro! nobody cares what you say. BTW how can my bf use Cani as a reference? all this bad stuff shows up. he was soooooooooooooooo stupid to go there! OMG! I saw some other good openings at other companies. You can find the postings at school and better jobs. I found hedge fund lounge too. there's a lot of stuff to learn there.

tdiddy you should help people find good opportunities if you have so much experience. where should we go for a good internship and experience? not this Cani. jdsg1 peace out! ciao!

Big Polo, Absolutely, your FCUKing right.....very pathetic. /thread

Everything stated below is fictional.

I had interned there from about Nov. '08 to Feb. '09.

At first interns were actually doing real work relating to finance (like technical analysis, market news and fundamentals monitoring, market research, HF marketing, trade log analysis, and competition research). However around January 2009, the work culture started to change drastically. Interns went from doing finance related work to doing meaningless work like posting on blogs to hide the history of the CEO Fred Smilek on Google.

Funny thing is that by typing "Fred Smilek" today (8/22/09) you still see the Fed's press release about Fred Smilek on Google. The time they waste on that blog post crap doesn't help, they really need to pay professionals to do that stuff. However its probably for the best that they are unsuccessful at it, so they won't fool more potential investors and interns. I feel bad for some of the people who had worked there and did actual financial work, who now have a reputation of a crappy and meaningless internship on their resumes. I had taken Cani off my resume in March. The interns who got in after January '09 usually quit the first or second day, as all they did was posting on blogs. I have been told that one guy left to lunch and never came back.

As far at the $150M AUM comment is concerned. The only people who know that are probably the management, and the marketing guys who prepared the marketing materials. These guys were interns too, in addition to this one guy who, I think, used to worked for a big reputable hedge fund. However they were extremely tight lipped about everything they did, and they even had their own little office away from the rest of the office operations; and were outside the office most of the time doing meetings and stuff. I wondered if they were in on whatever was going on, or blind to the operations of the rest of the firm. They never hanged out with the people in the rest of the office. I don't even think that they were allowed to talked to others outside their department. From what I have been told is that they all quit at about the same time after I left. Personally I doubt they had $150M AUM or even $1M, but I don't know. Check a hedge fund database for that information, usually that kind of stuff is on there.

As of what I have seen leaving the firm, compared to my early days at the place, they are not worth your time and money to do an unpaid internship with them now. The interns who were there when I first got there that did actual work compared to the interns near my departure who were not doing any real work at all, don't waste your time and definitely don't quit your job for it. They are seriously damaging the careers of college students who are new to the business, even if they were lucky enough to do real work.

this was definitely the biggest waste of time of my life....It felt like I was walking into a chop shop everyday. nobody was paid except upper management and i'm not evern sure about that. some of the guys I interned with somehow managed to get a paycheck for there first few months and then one by one they stopped getting paid.

I can't say with absolute certainty but i think they had like 20-30 grand AUM; pretty sure it was all there own money. the main fund manager looked like he came out of a comic book, with rediculous hair. and they had other interns whose sole job was to upload false press releases to push down the negative publicity on google.

the info on this blog is pretty legitimate. I would never in my life waste time writing on a blog, but I don't think anyone should have to waste their time at a place like this. especially in this economy. The people there weren't mean, some what alright, just losers; minus the interns. We were just naive; including myself for the time; I really just wanted to use it as a resume builder; and then when i realized after 2 months I would never put this down on a resume I stopped working there.

they want free work to raise grocery money for the managers

hope this helps; stay away

Ok. Im not defending Cani or anything b/c I dont know anything about investing or any of the above blogs. I interned with Cani this past summer and I loved it. Granted I was working in IT and not in the other dept. The things most say here about what went on are true, like people creating blogs and doing other things all day. But,are you guys ignorant to how big corporations work? This was my third internship and they were all the same. I wont mention the other two b/c Im not sure if it appropriate or not, but one was a internship with a city and another large company. Guys they are all tight lipped. Can any of you reach Berkshire Hathaway and ask them about their financial situation, do you think they would give you access to their lead trader, or the systems? No, they would'nt people work at companies like this for years and never know anything beyond the scope of their job. Come on guys, maybe the history of Fred and Scott are bad but when I meet Fred and spent time w/ him teaching me about small things like speed reading and recommending books to me like Napolean Hill's "Think and Grow Rich" and many others. James is a real person as he became a friend during my time there and helped me out w/ a lot of things like dream building and handing my temper. And as far as the actual work I did, I learned more there about networking and security protocols and server maintenance than I had during my entire time in school. This is a internship where you get what you put in. I got more personal face time with Fred and James as an intern then some of the guys there who worked there permanently. But, its because I persued it and I was hungry for the knowledge these guys had and they saw that, as James told me. So maybe their practices were sub par and maybe some things in their history are sketchy. I dont know, because I didnt care, I was there to learn and learn I did. So whether or not Cani is a bad company or not, to bash the internship program is wrong. I learned a lot there and it was productive for me as a person and thats all I care about.

ummm...