The U.S. Securities and Exchange Commission recently charged an investment adviser with illegal allocation of trades based on statistical results, implying that statistically eliminating chance for certain profitable trades proves a fraudulent motive. However, that is not always the case, and one should not base “intent” on statistical analyses. Click the link below to read the Law360 guest column by Tiago Duarte-Silva and Nicolas Morgan.
Overview of Insurtech companies’ stock performance and securities class action filings
In recent years, the emergence of insurance technology (Insurtech) companies has revolutionized the insurance industry through the introduction of innovative...