The Commission’s enforcement program has increasingly relied on statistical analysis. One of its initiatives, the Aberrational Performance Inquiry or API, focuses on whether performance and other metrics fell within certain limits. In some instances it has been successful; some not. …
Tag: cherry picking
SEC Files Two Cherry Picking Actions, Aided by Statistical Analysis
The Commission has continued to use statistical analysis to bolster its enforcement claims. One area in which this has been done is “cherry picking” cases. Two recently filed settled actions involving investment advisers are examples. In the Matter of Howarth …
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