footnoted*

Every now and then, I come across a disclosure that strikes me as being pretty unique, which, given how long I’ve been reading SEC filings, is definitely worth paying attention to. That was the case when I read this 8-K filed by Church & Dwight (ticker: CHD) last Friday evening just after 4:30 pm. In […]

Like a lot of people, I spent a good chunk of the pandemic on Zoom, between my son’s online classes, my own meetings and just catching up with family and friends. Indeed, Zoom stock soared to over $550 a share by October 2020, roughly six months after everything shut down. Since then, however, the stock […]

Yesterday, Meta Platforms, the parent company for Facebook, Instagram, among others, announced yet another big layoff. This time, it was 4,000 jobs. In mid-March, Meta CEO Mark Zuckerberg told employees to expect 10,000 job cuts and another 5,000 positions that would remain unfilled. Back in November, 11,000 jobs were cut, or roughly 13% of the […]

Less than 10 minutes before the SEC closed on Friday night — Good Friday, in fact, when markets had already been closed for more than 24 hours for the holiday — Capital One filed this interesting little chestnut: Walmart Stores was suing the banking giant to end its multi-billion credit card collaboration. The deal, which […]

n nearly 20 years of reading SEC filings, I came across a disclosure for the very first time last Friday: DraftKings Inc. (ticker: DKNG) paid over $130K for its CEO, Jason Robins and an unspecified number of family members to go to the Super Bowl last year in my (adopted) hometown: Los Angeles. This was […]

We don’t typically write on Fridays because we’re so focused on the #fridaynightdump. But today’s decision by the FDIC to put Silicon Valley Bank (SIVB) into receivership really couldn’t wait until next week. That’s because it’s a critical lesson in what happens when a company fails to disclose something pretty important. I’m riffing a bit […]

The rules (all 24 pages of them!) on when you need to file an 8-K are pretty clear: you need to file within 4 business days of a significant event. Many times that’s often interpreted as a “material event” as in materially important to the company. But that’s actually a much narrower definition and the […]

With 10-K season still a few weeks away, it’s a good time to brush up on reading these hefty docs. Paying attention to specific words or phrases is one good trick to tell what’s on the company’s mind.

Regulators seem to be spending more time on FinTwit trying to flush out the bad actors who pump and dump small, thinly traded stocks to their thousands of followers. My latest piece for Bloomberg Opinion.

Robinhood, set to go public next week, has hired enough former FINRA and SEC employees to field a baseball team and still have 3 additional players.