Navesink International - September 2021
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SEC charging option traders for arbing the maker-taker model
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Option traders were charged by the SEC for 'painting the tape' on meme stock options after arbitraging exchanges on their Maker-Taker model. Explanations.
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How about using options for your next insider trades?
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Somebody gave you an insider tip and you want to use options? Think again.
The SEC sees you coming. Good luck justifying yourself to a jury. The stick will hurt.
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Cryptocrook: 7½ years of jail. More like him to come.
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You remember our cryptocrook? Quant WizKid, market-neutral hedge fund, Cryptocurrency arbitrage great returns, $90m AUM... Except that it was a Ponzi.
His sentence just came out: 7½ years of jail. Here are the explanation & the context.
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Why is Goldman getting into BNPL?
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Goldman is paying $2.24 bn in stock to acquire GreenSky, another Buy-Now-Pay-Later provider, at a 50% premium.
Why pay such a premium?
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Insider trading, Mr. Branson?
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Virgin Galactic's successful flight may have brought joy to Mr. Branson, but it will also bring some after-party headaches.
The entrepreneur and space explorer is accused of basic earthly financial misgivings for this same flight - a pretty serious insider trading issue.
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Infinity Q is a warning to investors
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Investors are not happy with Infinity-Q, the derivatives hedge fund that had a slight 'mismarking' and is now in a wind-down. We've learnt a few more things since the announcement.
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$7bn tax due - Renaissance Technology
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Renaissance Technologies has agreed to pay $7bn in tax to the IRS. That's a nice chunk of change, even for them.
Here is the issue at stake.
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The long term expected value of your ETNs is zero
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UBS got flack for recommending VIX ETFs to its clients. This suitability case has in fact deep roots in a significant ETF classification challenge: many product databases are mishandling the wide diversity of ETNs. Significant litigation is to be expected as a result.
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Golden Clink - Spoofing doesn't pay
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When you are spoofing gold futures, don't brag about it in chat rooms.
A few gold futures traders got one year in the clink for market manipulation.
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Navesink International
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Navesink International offers expert witness services related to financial markets. We provide legal consulting, written expert reports, depositions and testimonies for lawsuits and arbitrations.
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Navesink International is retained by the most prominent attorneys and law firms for litigation support and expert witness services for both plaintiffs and defendants.
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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.
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