IR Therefore I Am

Your Bucket’s Got a Hole in It

By Jim Grew, The Grew Company Clarence Williams’ song, “My Bucket’s Got a Hole in It”, a Hank Williams hit in 1949, fits many family firms remarkably. Hank sang, “…Can’t buy no beer….”, but it’s about more than beer for most family firms. Most family firms have a succession plan (What happens when Mom or…

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GMI Ratings Weighs in on Risks Associated with Combined CEO/Chair Titles

GMI Ratings, a noted independent provider of research and ratings on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies, has weighed in on the potential risk associated with companies overseen by an individual holding both CEO and chair titles.  GMI Ratings notes that it is the main duty of a…

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SEC Busts Eight in Georgia-Based Insider Trading Ring

The SEC charged eight individuals living in the Griffin, Ga., area for their involvement in an insider trading ring that generated more than $500,000 in illegal profits based on nonpublic information about an upcoming company merger. The SEC alleges that local accountant Thomas D. Melvin, Jr. exploited confidential information from a client who was on the board…

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Securities Class Action Filings Are Down in the First Half of 2012, According to Report by Stanford Law School and Cornerstone Research

By Gene Marbach, SVP, Makovsky+Co. Federal securities class action activity decreased in the first six months of 2012 compared with 2011, according to Securities Class Action Filings—2012 Mid-Year Assessment, a semiannual report prepared by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research. There were 88 filings in the first six…

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Edison Investment Research Continues Expansion, Filling Void in Equities Research

By Gene Marbach, SVP, Makovsky+Co. Headquartered in London, Edison Investment Research is a leading international investment research company. It has grown to a team of 90 including over 55 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates,…

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Bring Back the “Customer’s Man”

By Gene Marbach, SVP, Makovsky+Co. The news of late is replete with stories about how investors are fleeing the stock market. In his inimitable fashion, William H. Gross, Managing Director, Pimco, wrote recently: The cult of equity is dying. Like a once bright green aspen turning to subtle shades of yellow then red in the…

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Proxy Season ’12: Some Observations and Trends – Part 3

By Gene Marbach, SVP, Makovsky+Co. Part One Here Part Two Here We conclude our series on the recently-concluded Proxy Season ’12  with a review of recent trends in “say on pay” and corporate governance proposals taken from a presentation delivered by my good friend, Keith Gottfried, Partner at the law firm of Alston + Bird…

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SEC Charges Fund Adviser Peter Siris, Multiple Individuals and Entities For Widespread Misconduct in Connection with Chinese Reverse Merger Company

The SEC filed settled fraud charges, among others, against New York-based fund adviser Peter Siris in connection with its investigation into China Yingxia International, Inc., a now defunct Chinese reverse merger company. The illicit conduct by Siris and/or his associated entities – Guerrilla Capital Management, LLC), and Hua Mei 21st Century, – included insider trading, trading…

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Proxy Season ’12: Some Observations and Trends Part 2

By Gene Marbach, SVP, Makovsky+Co. Part One Here We continue with a look the recently-concluded Proxy Season ’12  with a review of recent trends in shareholder activism taken from a presentation delivered by my good friend, Keith Gottfried, Partner at the law firm of Alston + Bird (www.alston.com).  In his presentation, entitled, “2012 Proxy Season…

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Proxy Season ’12: Key Observations and Trends Part 1

By Gene Marbach, SVP, Makovsky+Co. Part Two Here My good friend, Keith Gottfried, Partner at the law firm of Alston + Bird (www.alston.com), shared with me the highlights of a presentation he recently gave entitled, “2012 Proxy Season Recap:  Activism, Private Ordering, and More…”  Keith is an expert on all things pertaining to shareholder activism,…

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Wall Street and Social Media: Progress, But a Long Way to Go

While many companies, most notably those dealing in consumer products, have made tremendous strides in harnessing the power of social media (read any of my friend and fellow blogger Vicki Flaugher’s postings in the Social Media Zone at  http://www.commpro.biz/social-media-zone/ to see how), the financial services industry is taking baby steps.  Of course, the financial industry,…

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SEC Alert: Insider Trading – Physicians’ Rx for Wealth?

The SEC alleges that Apparao Mukkamala learned confidential information from board meetings and other communications about the anticipated acquisition of American Physicians Capital Inc. (ACAP) by another insurance company. Mukkamala in turn shared the nonpublic information with fellow physicians and friends Suresh Anne, Jitendra Prasad Katneni and Rao A.K. Yalamanchili as well as his brother-in-law…

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Stock Selection by Astrology? Not According to the SEC

There are quite a few theories for forecasting the direction of the market.  The Hemline Theory is one. According to its devotees, when women’s hemlines are up, so goes the market and when they are lower, the market heads down. There’s also the “Super Bowl Indicator,” which posits that a Super Bowl win by a…

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Fireworks and Saverin’s Folly: Reflections on “The Land of Opportunity”

Lately, I’ve noticed various news reports about the number of Americans fleeing the country for more favorable tax havens such as Singapore, Norway, Australia, among others. One such report noted that the number of Americans renouncing their citizenship has more than doubled over the past year, from 3,805 in 2011 to about 8,000 in 2012. …

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