Category Archive: Capital Markets

Apr 15

Cautionary Language is Key in Securities Litigation Dismissal

Investor claims were recently dismissed by a California district court against Mellanox Technologies Ltd. (“Mellanox”) for allegedly providing false or misleading statements related to the company’s prominence in the interconnect market and its prospects for future growth and revenue generation.  The Court found that Mellanox had adequately cautioned investors regarding the risks associated with the …

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Permanent link to this article: http://betweenthenumbers.net/2014/04/cautionary-language-is-key-in-securities-litigation-dismissal/

Apr 14

SEC Director Speaks to Root Causes of Investor Harm

Andrew Barton, Director of the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently gave a speech entitled “People Handling Other People’s Money”, where he drew on his experience to make assessments of the sources of investor harm.  He described how, despite people “trying to do the right thing by their clients, colleagues, owners and…even …

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Permanent link to this article: http://betweenthenumbers.net/2014/04/sec-director-speaks-to-root-causes-of-investor-harm/

Apr 07

EU Requires 10-Year Auditor Rotation Amid Other Efforts to Improve Audit Quality

The European Parliament has adopted new rules regarding the statutory audit of public-interest entities in an effort to “considerably improve audit quality across the European Union and … ensure that auditors are key contributors to economic and financial stability….by strengthening of the independence of statutory auditors, making the audit report more informative, and improving audit supervision …

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Permanent link to this article: http://betweenthenumbers.net/2014/04/eu-requires-10-year-auditor-rotation-and-other-efforts-to-improve-audit-quality/

Feb 05

Recovering Investor Confidence After a Restatement

When a financial restatement is necessary, it is not surprising that investors will take some time to regain trust and give full credit to future earnings announcements.  A recent study, developed through a collaboration of professors from Singapore Management University and Boston College, suggests that the three quarter rebuilding period described in prior research may be …

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Permanent link to this article: http://betweenthenumbers.net/2014/02/recovering-investor-confidence-after-a-restatement/

Jan 24

From Hoops to Riches?

Forbes recently released its annual business valuations of National Basketball Association teams, concluding that most teams became much more valuable since last year (average annual growth of roughly 24%). At $1.35 billion, the LA Lakers for example, are reportedly worth 35% more today than they were a year ago. This year’s growth among all 30 …

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Permanent link to this article: http://betweenthenumbers.net/2014/01/from-hoops-to-riches/

Dec 18

No GAAP yet for Bit Coins

Bit Coins are increasingly in the news.  Denise Lugo of Bloomberg BNA describes “Bit Coins” as: a type of virtual currency, which loosely put, is created when a complex mathematical algorithm is solved using high power computers.  It seems like overnight bit coins have become legitimate.” Ms. Lugo also summarized the FASB’s recent position at a …

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Permanent link to this article: http://betweenthenumbers.net/2013/12/no-gaap-yet-for-bit-coins/

Jun 14

Time to start teaching basic personal finance in high schools

A recent survey discussed here found that a surprising number of college graduates regret their decision to attend college. Not that it wasn’t lots of fun. Plenty of that. Not that lectures lacked stimulating learning. Ample stimulation. It was all good, just obscenely overpriced. The world has no shortage of buyer’s remorse. But typically the …

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Permanent link to this article: http://betweenthenumbers.net/2013/06/time-to-start-teaching-basic-personal-finance-in-high-schools/

May 17

Sell in May and Go Away?

A common adage in Wall Street circles is “sell in May and stay away,” which is based on the notion that the stock market tends to perform poorly between May and October relative to other portions of the calendar year. This trading advice is also known as the “Halloween Indicator” because the period to avoid …

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Permanent link to this article: http://betweenthenumbers.net/2013/05/sell-in-may-and-go-away/

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