vania-janet/multiturn-rag-retrieval-data huggingface dataset:
&gt;He stole from other rich people.  That isn't true.  From the article: &gt;Shkreli was convicted of three of eight charges, including securities fraud. He was acquitted of fraud charges related to allegations that he looted Retrophin to pay off his hedge-fund investors.   Based on the charges in which he was convicted, it sounds like he misled investors about the nature, type, and risk of their investments and lied about the state of the company and Funds.  The interesting part is that it sounds like there were no actual victims from this.  He did return the investments with significant returns.  His malfeasance appears to be purely a result of *lying* and not following the law regarding disclosures even when regularly warned by the CCO of his firm.
In its most basic form, the losing trade, made by the bank’s chief investment office in London, was an intricate position that included a bullish bet on an index of investment-grade corporate debt. That was later combined with a bearish wager on high-yield securities.  http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/
Simple Schwaab does not have actually your securities they have leased them out and have to borrow them back. all assets are linked with derivatives now. They show on the balance sheet but have to be untangled. Thats why the market drops disproportionally fast to the actual number of shares sold.
Tradable is a much broader term than marketable.  For example, some programmers/developers sell their services online, hence programming is a tradable service.  However, it is not a security nor is it marketable since it cannot readily be converted to cash.  All marketable securities are, by definition, tradable.
Ok but to be clear, you are in favor of mortgage backed securities being bought by the FED and you agree the securitization process was screwed up beyond belief leading up to the last mess. Am I correct? And with Tbonds you want the government to cancel them once they are on the FEDs books?
IESC has a one-time, non-repeatable event in its operating income stream.  It magnifies operating income by about a factor of five.  It impacts both the numerator and the denominator.  Without knowing exactly how the adjustments are made it would take too much work for me to calculate it exactly, but I did get close to their number using a relatively crude adjustment rule. Basically, Yahoo is excluding one-time events from its definitions since, although they are classified as operating events, they distort the financial record.  I teach securities analysis and have done it as a profession.  If I had to choose between Yahoo and Marketwatch, at least for this security, I would clearly choose Yahoo.
Then we should create a derivative that allows people to bet on the bond failing, and package tons of them into securities, which you can swap for cash. You're swapping a bet on someone defaulting on their credit... Swapping a credit default... Hmm... I don't see this going wrong in any way.
Banking vs. speculating isn't a relevant dichotomy here.  If my broker-dealer goes belly-up, I'm covered for up to $500K to replace the cash and securities I had on deposit with them.  If he was doing forex investing, he fell into one of the few areas which is not covered by SIPC deposit insurance.
Yes, the Fed has made a point of buying up longer-term bonds to push down rates on that part of the curve.  That's not an indication that they're having problems selling Treasuries, in fact far from it.  But apparently there's no demand for Treasuries and Bloomberg is just making up lies to help get Obama reelected?  &gt;Investors are plowing into Treasuries (USB2YBC) at a record pace as the supply of the world’s safest securities dwindles, ensuring yields will stay low regardless of whether the Federal Reserve  undertakes more stimulus to fight unemployment. Buyers bid $3.19 for each dollar of the $538 billion in notes and bonds sold this year, the most since the government began releasing the data in 1992 and on pace to beat the high of $3.04 in 2011. The net amount of Treasuries available will decline by 30 percent once proceeds from maturing securities are reinvested, according to data from CRT Capital Group LLC.  http://www.bloomberg.com/news/2012-04-09/record-treasury-demand-keeps-yields-low-as-supply-shrinks.html
Louis Ottimo has always been a controversial character within the securities industry, cited and sanctioned for fraud and misrepresentation, who has had many liens and bankruptcies, and was officially barred for life from the industry by FIRNA in 2017.  He filed personal bankruptcy in 2016 despite being the alleged shadow president of Cold Spring Advisory Group. Just search Louis Ottimo for more information.
I was wondering if someone could recommend a textbook  I'm taking a course right now in foundations of finance and we're dealing with subjects such as utility functions, risk aversion, prudence, temperance, Arrow-Debreau securities, portfolio theory, and more  I'm finding the textbook we're using (Intermediate Finance, Danthine &amp; Donaldson) a bit hard to understand
"Pump-and-Dump strategy is happening everywhere. Less so in developed market. I can tell an experience from Emerging Market perspective. Usually several securities brokers work together to pump several ""penny"" stocks (5 - 7 stocks). They conspire together and searching for several investors, who have money and willing to participate in this scheme. These investors will then agree to invest (usually with Margin from securities) to start pumping the stocks. The stocks will be pumped until several Research Analysts take interest in it. Once the news were spread out regarding these highly speculative stocks. The investors gradually dumps the stocks (with help of their brokers). The things that you need to keep an eye for: - Low trading volume in the previous 3 - 6 months (relative to their peers) - Low P/E ratio with unremarkable earning growth - No positive catalyst or material news regarding the company - Stocks have high momentum (observe on weekly rather daily returns) Pump-and-dump usually last between 3 months to 6 months."
I am very familiar with the Bloomberg terminal service and agree that their info on securities &amp; markets, especially fixed income, is unparalleled.  However, their news and editorial departments espouse the viewpoints of Michael Bloomberg such as being permabullish in the face of data, pro gun control, pro immigration (legal+illegal), pro Israel, and pro Sunni monarchies (Saudi et al).
"I will say in advance this is not a great answer, but I had a similar experience when I owned a CIT bond that defaulted. I ended up getting stock plus 5 newly issued bonds as a replacement for my defaulted bond. My broker had no clue on cost basis and didn't even try for the new securities, I called the ""hotline"" setup about CIT default and they knew nothing, and finally I read all the paperwork around the restructuring but it was less than transparent. So in the end I ended up claiming everything as a wash, no gain/no loss - which probably screwed me in the end as I believe I ended up down. It was a very small position for me and was not worth the headache :("
"If demand for real goods &amp; services is slow, they apparently play silly-buggers with the financial system by coming up with weird new forms of securities to buy from each other to make it look like they're doing useful with the money, when they're really just pushing it around between each other &amp; not really letting any of it ""dribble down"" to the peons."
"There is probably a better way, but you can do the following: (1) Right click on the right pointing arrow next to the ""1-20 of xx rows"" message at the bottom right of the table, and select ""Copy link location"" (2) Paste that into the location (3) At the end of the pasted text there is a ""&output=json"", delete that and everything after it. (4) hit enter What you get is a page that displays the set of securities returned by and in a very similar display to the ""stock screener"" without the UI elements to change your selections. You can bookmark this page."
The Margin Account holds the funds that are MUST for any margin trades. Any funds excess of the MUST for margin trades are kept in the SMA account. These funds can be used for further Margin trades in new securities [funds get transfered into the Margin Account]. They cannot be used to met the Shortfall due to margin calls on existing trades. New funds need to be arranged. More at http://en.wikipedia.org/wiki/Special_memorandum_account
The yahoo finance API is no longer which broke the Finance:Quote perl module.  The Finance:Quote developers have been quick to fix things and have produced several new versions in the last week or two.  The short of it is that you need to update Finance:Quote, then obtain an AlphaVantage free key and tell Gnucash to use AlphaVantage as it's source for online quotes by editing your securities in the Price Editor.
great example of levered tracking error is any 2x/3x VIX etf. during periods of high volatility (like last week) you will be able to realize much higher returns on the underlying index as the levered and inverse ETFs are unable to replicate their intended performance using market securities.  it is not uncommon to see the VIX up ~30% with levered ETFs only netting ~10-12% as opposed to the intended 60 or 90%, for example
I don't get it. Are you saying they did commit fraud but it's hard to pin on any one person? You say there is little evidence there was fraud but that it's too hard to prove there was fraud. So what did they do if it wasn't fraud? This is what wikipedia says happened:   &gt;The subprime mortgage crisis arose from 'bundling' American subprime and American regular mortgages into MBSs which were traditionally isolated from, and sold in a separate market from prime loans. These 'bundles' of mixed (prime and subprime) mortgages were the basis asset-backed securities so the 'probable' rate of return looked superb (since subprime lenders pay higher premiums, and the loans were anyway secured against saleable real-estate, and so, theoretically 'could not fail').  If selling shit you know is bad but looks good to investors isn't fraud I don't know what is.   &gt;Fraud is deception deliberately practiced in order to secure unfair or unlawful gain.