The existence and current operations of Public Company Accountability Oversight Board (the "PCAOB"; which was created pursuant to the Sarbanes Oxley Act of 2002) is un-constitutional. PCAOB monitors and regulates the accounting firms that conduct external audits of companies in the US, and hence...

There are significant economic policy issues inherent in the use of REITs, and in operations of some companies that own substantial commercial real estate. This article identifies and analyses these issues and develops relevant theories about why REITs are inefficient and should be eliminated or...

While Indices, Index tracking funds and ETFs have grown in popularity during then last ten years, there are many structural problems inherent in Index calculation methodologies and the legal/economic structure of ETFs. These problems raise actionable issues of “Suitability” and “fraud”...

While Indices, Index tracking funds and ETFs have grown in popularity during then last ten years, there are many structural problems inherent in Index calculation methodologies and the legal/economic structure of ETFs. These problems raise actionable issues of “Suitability” and “fraud”...

This article analyzes several problems and psychological issues pertaining to the enforcement and efficiency of the US Goodwill and Intangibles accounting regulations (SFAS #141RR, Business Combinations, and SFAS #142, Accounting for Goodwill and Intangible Assets). These regulations are likely...

The LIBOR rate-setting scandal of 2012-2013 illustrated weaknesses inherent in LIBOR and similar benchmarks such as the Euro Interbank Offered Rate (“EURIBOR” - the analogous benchmark rate for interbank lending in Euros) and the Shanghai Interbank Offer Rate (“SHIBOR” - the analogous...

While Leveraged/Inverse ETFs, synthetic funds and synthetic ETFs have grown in popularity during the last fifteen years, there are many structural problems inherent in the legal/economic structure of these ETFs. These problems raise actionable issues of “Suitability” and “fraud” under US...

Investment returns are a core element of decisions in various “end-uses”. Investment returns are often calculated in different ways and over different horizons, and regardless of the method of computation, they often contain substantial Biases which distort results in the “end-uses”....

This article introduces new theories of financial contracting, and analyzes critical economic and public policy issues either not raised or not analyzed fully in current academic and practitioner literatures. A series of transactions by Encompass Services Inc. (Nwogugu (2004)), is used to...