Navesink International - August 2021
|
|
|
|
|
Cum/Ex is officially a money grab
|
The German Supreme Court has made it official; the Cum/Ex was not a loophole but a blatant money grab.
The two Warburg executives can expect jail time, and their firm a bankruptcy.
Many others will follow.
|
|
|
|
|
|
SOFR has a term structure now.
|
The ARRC has recommended the CME's methodology to calculate a term structure for SOFR. This is big news.
This article explains SOFR's weaknesses, what a term structure is, why we need one and how the CME calculates its own.
|
|
|
|
|
|
Transfer pricing, hedge fund edition
|
In a new version of the transfer pricing strategy, Tom Sandell virtually relocated his hedge fund from New York to Florida to avoid NY tax liabilities on his deferred comp.
The story didn't finish well. A whistleblower and the NY AG forced him to cough up $105m.
|
|
|
|
|
|
LIBOR: the most important number in the world is going away
|
LIBOR, the most important number in the world, had a good run for the last 50 years, but it is going away.
SOFR, its replacement, is not subject to manipulations but has a host of problems.
The transition is difficult.
|
|
|
|
|
|
Bye-bye, bitcoin: It's time to ban cryptocurrencies
|
Not all central bankers and diplomats have a good opinion of cryptocurrencies.
They are assessing their costs & benefits through articles in prime newspapers.
One diplomat/economist just called for their outright ban.
|
|
|
|
|
|
Visualized: The Biggest Ponzi Schemes in Modern History
|
A summary of the largest Ponzi schemes in history, with a visualization that is a pleasure to the eyes.
|
|
|
|
|
|
The SEC's specious space SPAC
|
The Momentus / Stable Road merger is the epitome of what can go wrong with SPACs. It is a story of dreams, greed, and lies.
The SEC made an example out of it. The plaintiff law firms are jumping on the bandwagon too.
|
|
|
|
|
|
SEC: Don't even think of muzzling whistleblowers
|
Guggenheim had restrictive language against whistleblowing in its compliance manual. The SEC reviewed the manual and fined the firm $209,000 - before any whistleblower was silenced.
The message is clear; the SEC will not tolerate any whistleblower muzzle.
|
|
|
|
|
|
Navesink International
|
Navesink International offers expert witness services related to financial markets. We provide legal consulting, written expert reports, depositions and testimonies for lawsuits and arbitrations.
|
Navesink International is retained by the most prominent attorneys and law firms for litigation support and expert witness services for both plaintiffs and defendants.
|
Our affiliated experts are able to cover a swath of topics and cases. We have a proven capacity to find uniquely qualified talents by drawing upon our industry network, rich of many thousands of experienced industry professionals, to answer your specific case.
|
|
Click here to reserve your call/Zoom.
|
|
|
|
|
|
|
PS: There is a real person sending this email. Feel free to reply and share your thoughts.
|
|
|
|
|
|
|
Connect/follow us on LinkedIn
|
|
|
|
|
