Data pulls for media: Due to the small size of our team, kindly only make requests for stories that are scheduled to be published in the next 2-3 weeks.
Available Bedrock data on request:
Material weakness and/or going concern issues (bankruptcy risk) data
Examples: Why More Than 40% of Ex-SPACs Are Running Out of Cash, Spacs confess to accounting weaknesses as year-end audits loom and Accounting Red Flags Are Common Among Public Crypto Companies.
SEC activity and trends i.e. number of comment letters, new enforcement actions
Example: The SEC in 2021 - A Year in Review
SEC filing timing and trends
Example: Filing after hours: When it matters, Non-timely filings increase by 40%+ in 2022, fueled by SPACs and The inaugural 2021 Bedrock AI Rocky Awards
Auditor and audit partner data and trend analysis
Example: Withum and Marcum audited over 78% of all SPACs since 2020
Company name and/or sector change data
Example: That’s not my name - fraud risk and corporate name changes
Other qualitative data found in SEC filings (management turnover, related party transactions, accounting policy changes) - note that there should not be a completeness expectation for this type of data
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Expert interviews with Bedrock staff:
Ask Suhas Pai, CTO about AI research, applied AI in finance, NLP, large language models, AI ethics, model bias
Here are a few of Suhas’ recent media engagements: Keynote at the Toronto Machine Learning Summit, How language models are disrupting equity research
Ask Kris Bennatti, CEO about Fraud, forensic analytics, audit and the role of auditors, the role of shortsellers, securities regulation, internal controls, text analytics
Here are a few of Kris recent media engagements: Spacs confess to accounting weaknesses as year-end audits loom, Berkeley Fraud Fest - Forensic Analytics, The Vision Research Investing Conference, and Fixing Audit Won’t Fix Fraud
Ask Andre Castillo, Head of Forensic Research about accounting, forensic accounting, audit, valuation
Here are a few examples of Andre’s analysis and commentary: FTX: Anomaly or norm? Field notes on the crypto mining space, Failed SPAC mergers increased by 320% in 2022