Suchergebnisse

We identify the broker each corporate insider trades through, and find that analysts and mutual fund managers affiliated with such "inside brokers" have a substantial information advantage on the insider's firm. Affiliated analysts issue more accurate earnings forecasts, and affiliated mutual funds trade the insider's stock more profitably than their peers, following insider trades through their brokerage. Notably, this advantage persists well after these insider trades are publicly disclosed. Our results challenge the prevalent perception that information asymmetry arising from insider trading is acute only before trade disclosure, and suggest that brokers facilitating these trades are in a position to exploit this asymmetry.

Bombay Brokers collect thirty-six character profiles of men and women whose knowledge and labor--which is often seen as morally suspect--are essential for navigating everyday life in Bombay, one of the world's most complex, dynamic, and populous cities.

The first formal legislative package sent to Congress by the Obama Administration dealing specifically with securities law reform was not about the financial crisis issues of derivatives, securitization, or credit ratings—though these came shortly thereafter. Instead, it was about consumer protection. Having proposed a bold new Consumer Financial Product Commission but chosen to leave investment product regulation in the jurisdiction of the SEC rather than shift it to the new agency, the Administration sought to enhance the consumer protection powers of the SEC so that they would be comparable with what the proposed new agency could do with respect to non-securities financial products. Substantively, the headline reform proposal was the authorization for the SEC to promulgate rules to conform the duties owed by broker-dealers to their customers with the duties owed by investment advisers to their clients, holding both to the same fiduciary standards of conduct.

Running the World: The Inside Story of the National Security Council and the Architects of American Power, by David Rothkopf, is reviewed.

Culturally and linguistically diverse families face substantial barriers in the special education system and seek support from cultural brokers to help them navigate it. We used a qualitative design to study cultural brokering experiences among Latinx families of children with extensive support needs and cultural brokers. Through individual interviews with 10 Latinx families of children with extensive support needs, and focus groups with 10 Latinx cultural brokers, this study shows how cultural brokers inform, encourage, assist, and provide emotional support for Latinx families, and revealed their motivations, qualities, and skill sets. The findings also include recommendations for teachers and schools who want to engage in cultural brokering to improve their partnership with Latinx families.

A sweeping data broker industry sells information about millions of people to corporate and governmental actors on both sides of the Atlantic. Data brokers, and the profiling techniques often at their core, are giving large institutions more visibility than ever before into people's lives.While some data broker products are beneficial or harmless, others threaten fundamental rights. Data brokers—and the information and inferences they supply—are playing central roles in key life decisions across a growing range of areas.Police in both the United States and Europe purchase corporate assistance to profile residents based on personal data. Political parties target their digital outreach based on details of individual behavior. In the United States, prospective employers routinely turn to data brokers to purchase criminal history reports regarding job candidates (reports that are notoriously error-prone).This report explores the need for a clear regulatory agenda for data brokers, and looks at the broader issues of automated, data-driven decision making by large institutions, when it comes to the key decisions that shape people's lives and impact their rights.