In recent years, the Securities and Exchange Commission has focused on using quantitative analysis to identify statistical outliers and anomalies through programs like the Aberrational Performance Inquiry, which evaluates hedge fund returns,and the Accounting Quality Model, which scours public company filings to estimate “peer-level risk metrics.” Using enforcement actions involving the allocation of securities as an example, Tiago Duarte- Silva and Nicolas Morgan explore issues raised by the use of statistics in SEC enforcement actions and inquiries.
To read the post on the CLS Blue Sky Blog, click here.
Securities Litigation Flash: Q4 2024
Filing trends Section 10(b) and Section 11 filings totaled 209 in 2024, 1% more than in 2023 and 13% more than in 2022. There were 47 filings in Q4 2024, 15%...