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.
PROMESA turns 10: Puerto Rico's new start, unclear future
By implementing standard accounting practices, safeguarding public pension benefits through an innovative trust, and dramatically cutting tens of billions in...