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ISS Discusses Largest Securities-Related Class Action Settlements of 2023

Reynolds Holding

From about 2006 to 2016, Wells Fargo allegedly enrolled more than 800,000 of its auto loan customers, without their knowledge, in insurance they did not need or want. According to the complaint, Wells Fargo was aware of the illicit practices by 2016, but purportedly concealed these issues from investors for more than a year.

Banking 59
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SEC Commissioner Speaks on IPOs and the Rise of SPACs

Reynolds Holding

SPACs – The Equity “Complex Product”. Investing in a SPAC IPO share is fundamentally different from investing in equity shares of publicly listed operating companies. [25] 13] See Joanna Makris, SPAC Market Review , March 2022, Boardroom Alpha (April 1, 2022) (“Redemptions were 82% in [March 2022], down from 89% in February.”). [14]

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AI's Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost!

Musings on Markets

Well-timed bets on gaming and crypto created a surge in the revenue growth rate to 27.19% between 2016-2020, and that growth has continued into the last two years: There are two impressive components to NVIDIA's history. Does revolutionary change help the overall economy and/or equity markets? A Net Positive for Markets?

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SEC Announces Enforcement Results for FY 2022

Reynolds Holding

LLC and three portfolio managers with a fraudulent scheme to conceal the downside risks of its “Structured Alpha” complex options trading strategy, which caused billions of dollars in losses to more than 100 institutional investors, including pension funds for teachers, clergy, bus drivers, and others.

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ESG A Valuation Framework

Value Scope

As companies continue to legitimately integrate ESG into business strategy, the ability to achieve “alpha,” which is an excess return or performance above a codified index or peer group, might become more difficult to do. We used the client’s residential customer database with 15-minute interval data for the years 2014, 2015, and 2016.