Rule 10b-5 is broadly structured to prohibit fraud, misrepresentation and deceit in the sale and purchase of securities.
In presence of modern statistical learning models, it is apparent that there are models available, superior to what is being used currently. The issue arises when the leaders in the industry have minimal understanding of how machine learning works and deny publications on such topics because it does not fit their line of belief about typical regression models.
At Forensic Economic Services, besides event studies, we have the ability to customize machine learning-based models for your financial models.
