Blog

Our experts frequently write blog posts about the findings of the research we are conducting.

English

Displaying 10 out of 66 results for "TICs".

Aegis Capital is Farm-to-Table Securities Fraud Purveyor, Harming Investors at Least $5 Billion!

(Mar 2024)

By Craig McCann and Mike Yan

You can download a PDF copy of this post to print or email here.

You can download an Excel file containing some of our analysis of Aegis' sole underwritten offerings here.

Introduction

Aegis Capital is one of the worst few retail brokerage firms based on complaints and investors should avoid it at all costs. You can see our recent post on bad brokerage firms here 2024 Brokerage Firm Risk Rankings

In addition to its retail brokerage business,...

2024 Brokerage Firm Risk Rankings

(Feb 2024)

By Craig McCann, Chuan Qin and Mike Yan

We previously published two papers ranking brokerage firms based on the complaint history associated with their current brokers and the complaints associated with brokers who they employed at the time of the conduct being complained about, wherever those brokers are currently employed.

We recently updated our analysis of complaints against brokerage firms and found that our earlier results were extremely useful for identifying brokerage firms likely...

Blackstone is Watching Us and Just Admitted a Major Misrepresentation

(May 2023)

By Craig McCann and Regina Meng

You can download a pdf of this article to print or email here.

BREIT this week eliminated a prominent marketing graphic touting inflated after-tax yields and tax-equivalent yields after we pointed out that it was false and misleading.

In December 2022 we predicted a run on BREIT and then in April 2023 we identified 7 major areas in which we believe Blackstone and BREIT have been misleading investors.

Blackstone's Choice: Let BREIT Crash or...

Blackstone Fiddles as BREIT Burns

(Apr 2023)

By Craig McCann and Regina Meng.

You can download a pdf of this article to print or email here.

Introduction

In December, we argued that Blackstone Real Estate Income Trust ("BREIT") smoothed and inflated its reported returns for years, leading to large investor inflows. [1] We predicted that a run on the bank had started because of Blackstone's prior conduct, leaving it with two very bad options. BREIT could honor redemption requests at posted NAVs and see its NAV cut in half as the NAV...

HJ Sims Reg D Offerings: Heads, HJ Sims Wins - Tails, Their Investors Lose - UPDATED December 14, 2022 with Footnote 2 and Footnote 3

(Dec 2022)

By Craig McCann, Susan Song, Chuan Qin, and Mike Yan.

Introduction

We have been researching Reg D offerings. You can read our previous posts "Reg D Offerings Summary Statistics" here and "$8 Trillion of Broker-Sold Reg D Offerings" here. You can download and print or email this post by clicking here.

In our research, we have come across thousands of interesting Reg D Offerings. HJ Sims Reg D Offerings provide great examples of potential Reg D mischief.

The Reg D exemption from...

First National Realty Partners Reg D Offerings: Muppets Do Commercial Real Estate

(Dec 2022)

By Craig McCann, Susan Song, Chuan Qin, and Mike Yan.

You can read our previous posts Reg D offerings:

1) "Reg D Offerings Summary Statistics" here,
2) "$8 Trillion of Broker-Sold Reg D Offerings" here,
3) "HJ Sims Reg D Offerings: Heads Sims Wins, Tails their Investors Lose" here, and
4) "Inactive and Delinquent Reg D Issuers" here.

You can download and print or email this post by clicking here.

Introduction

In a recent note, we explained how HJ Sims executives formed 91 separate...

Inactive and Delinquent Reg D Issuers

(Nov 2022)

By Craig McCann[1], Chuan Qin[2], and Mike Yan[3].

We have been researching Reg D offerings. You can read our previous posts "Reg D Offerings Summary Statistics" here, "$8 Trillion of Broker-Sold Reg D Offerings" here and "HJ Sims Reg D Offerings: Heads Sims Wins, Tails their Investors Lose" here. You can download and print or email this post by clicking here.

I. Introduction

Regulation D issuers are not required to provide disclosures that are mandatory in registered offerings. Not only...

$8 Trillion of Broker-Sold Reg D Offerings

(Nov 2022)

By Craig McCann[1], Mike Yan[2] and Chuan Qin[3].

We previously published Reg D Offerings Summary Statistics describing the aggregate issuance totaling over $20 trillion between 2009 and July 2022. You can read that post here.

In this post we provide summary statistics for Reg D offerings sold by broker dealers. You can get a pdf copy of this post to print or email by clicking here. Next week, we will be posting information on the extremely high failure rates for Reg D offerings.

I....

Regulation D Offerings Summary Statistics

(Aug 2022)

By Craig McCann, Chuan Qin and Mike Yan.

I. Introduction

Securities issuers can either register their securities with the Securities and Exchange Commission, making extensive information about their business and the offering publicly available, or they can sell unregistered securities making almost no information available to regulators. Issuers of unregistered securities file Form D reports with the SEC on which the issuers provide cursory information and claim an exemption from...

YES Strategies: Know to say no

(May 2019)

In recent years, low yields in the bond market and low volatility in the equity markets have combined to give brokerage firms the excuse to develop and sell "Yield Enhancement Strategies (YES)" to retail investors. These strategies almost always consist of selling options on the S&P 500. The sale of an option garners a premium but places the seller (the retail investor) in a short option position. Being short on a call or put option is a risky place to be. In the best-case scenario, the...

66 Results

1
2
3
...
7
>