Dan Taylor

Professor @Wharton; Forensic Analytics; expertise in financial data analysis, SEC filings, accounting fraud, and insider trading.

[Dan Taylor @ProfAnalytics]

This is why I study insider trading.

[Dr Sarah Sammons @drsarahsam]

“I’m guided by what I’m really outraged about and what I think I can actually try to influence. It may be that I can only influence things one case at a time, but ultimately, the plan is always to try and improve the system.”

May we all pick outrageous causes for change..

[Dan Taylor @ProfAnalytics]

For those of us that grew up loving the A-Team. Here are some smiles.

[Growing Up Retro @GrowingUpRetro]

The A-Team saves the day.

[Dan Taylor @ProfAnalytics]

As an expert in market integrity: This is correct. I would point out that @CFTC claims domain over all these markets. In order to win back the public trust, I urge @MichaelSelig to put together a blue ribbon panel that issues a report to the public.

[John Arnold @johnarnold]

Between stock trading by federal officials, insider trading in prediction markets, fixed sporting events, and suspicious moves in energy, integrity in markets feels lower today than at any point in the modern era.

[Dan Taylor @ProfAnalytics]

Agree 50/50. Defn should ban no KYC/permissionless. Tokenization needs to be issuer sponsored. But even then, token trading does not have same KYC as US broker/dealers. Unless issuer compliance department has all employee wallet addresses, unclear how they can track an officer’s trades in the tokenized security for reporting on Form 4.

[Dan Taylor @ProfAnalytics]

Tokenized securities exponentially increase insider trading risks for public companies b/c compliance officers will be unable to track employees’ trading of the tokenized security on the blockchain. e.g., Want to evade the blackout window? Just buy the tokenized security. Do purchases and sales of tokenized securities by Section 16 insiders trigger required disclosures? Would the GC even know? How?

[Bloomberg @business]

Under the Securities and Exchange Commission's proposal, platforms offering tokens would need to guarantee investors receive the same rights as regular shareholders https://t.co/Y9PniGEU5j

[Dan Taylor @ProfAnalytics]

And just like that, private companies now have an INSIDER TRADING problem. + They don’t have the same compliance functions to oversee employee trading that large pubcos do

[Polymarket @Polymarket]

We're excited to announce our exclusive partnership with Nasdaq Private Market.

Retail traders can now get exposure to private companies, one of the historically most profitable asset classes, exclusively through Polymarket.

[Peter Mallouk @PeterMallouk]

House Speaker Johnson argues that $200K isn’t enough for members of Congress to support their families, so they should either get a raise or be allowed to trade individual stocks. Otherwise, he says, America won’t attract qualified people to serve.

Whether Republican or Democrat, I think we can agree they’re in office to SERVE, it is called being a public SERVANT, and we don’t need them doing it for decades. One or two terms, max. After that, they get so captured by special interests they’ll do whatever it takes to stay in office. No thanks.

As for stock trading, the evidence is overwhelming that people picking individual stocks underperform the market. The only way a member of Congress beats it is with inside information, which both parties have shown, repeatedly, they’re willing to use and make unearned, unethical profits on the backs of the American taxpayer.

There should be no raises and no stock trading allowed for anyone in Congress

[Dan Taylor @ProfAnalytics]

The position that Congressional trading should be permitted b/c the pay is so low is an abomination. That the Speaker of the House (R) would advocate for it, reveals how tone deaf he is. It is a LOSER politically.

[Wu Tang is for the Children @WUTangKids]

Absolute insanity….here is Mike Johnson saying members of Congress need to be able to continue their insider trading because the yearly salary of $174K with healthcare and taxpayer funded vacations every other week is not enough for them

[Dan Taylor @ProfAnalytics]

John — You might be interested in the work we are doing at the Wharton Forensic Analytics Lab to detect and deter insider trading and white-collar crime. We were able to work with bipartisan groups to pass 2 SEC rules, and 1 Act of Congress. Would love to chat. https://t.co/CeYViNtsvY

[John Arnold @johnarnold]

It would take the CFTC about 5 minutes to figure out who this was and whether there was any misconduct, assuming they want to.

[Dan Taylor @ProfAnalytics]

@CodfishJohnny CFTC has Eddie Murphy Rule, the SEC does not. Makes it illegal to trade commodities or futures using misappropriated non-public government information. Sec 746 Dodd Frank.

[Dan Taylor @ProfAnalytics]

At this point I’d say getting to the bottom of these trades that keep happening is one of the few things that is existential to the CFTC’s credibility. @MichaelSelig @ChairmanSelig

[unusual_whales @unusual_whales]

BREAKING: Nearly $920 million in crude oil shorts were placed at 3:40 AM ET, about 70 minutes before Axios reported the U.S. and Iran were nearing a “14-point” deal to end the war.

Oil then plunged more than 12%, with the position gaining an estimated $125 million.

Unusual.

[Dan Taylor @ProfAnalytics]

@HudsonLabs interested to demo and see the white paper

[Dan Taylor @ProfAnalytics]

👀

[Hudson Labs @HudsonLabs]

Most fraud signals show up in the footnotes, not the financials.

We built a model that reads 800K SEC filings a year and scores them. Flagged SMCI in 2019. Flagged Credit Suisse before Archegos.

White paper has the methodology and case studies.

Reply below and we'll send it over.

[Codfish Johnny @CodfishJohnny]

Someone asked Grok about whether Nikola was a huge fraud. Love that of the three frauds Grok picked to compare, one was Steve Burns’s Lordstown Motors, yet another @HindenburgRes report.

So lucky to have worked with Nate and his team.

[Dan Taylor @ProfAnalytics]

Can confirm. This settlement is literally $0.01 per $1. This makes it economically rational to violate federal securities law, (and fight the SEC to trial)

[footnoted @footnoted]

Twitter's former investors lost $150 million and a California jury decided in March that investors were owed $2.1 billion, but the @SECGov decided in its infinite wisdom to let Elon Musk off the hook for $1.5 million over disclosure failures in 2022. https://t.co/P75jE7pq5T

[Dan Taylor @ProfAnalytics]

Love to see it

[CEO Watcher @CEOStockWatcher]

Another win for the new ADR Form 4 filing requirements.

SaverOne $SVRE up almost 80% since VisionWave started buying a month ago

[robertjdenault @robertjdenault]

My first TV appearance ever, talking about insider trading and why Kalshi has been effective at policing fraud!

My parents might still not understand exactly what I do, but at least they think it’s important now.

Big thank you @Bloomberg for having me.

[Bloomberg @business]

Prediction markets are being sold as a lucrative side hustle, but most users lose money while the bulk of profits go to a narrow slice of high-frequency traders, a Bloomberg analysis found https://t.co/XBZ5ijHSfD