AACG Addresses Mutual Fund and Hedge Fund Regulatory Compliance with New Product Offering.Scientific Fraud Detection helps identify fraudulent behavior related to trade allocation, portfolio pumping portfolio pumping The end-of-period trading by a mutual fund in order to raise the fund's performance results. For example, a mutual fund may purchase additional shares of a thinly traded stock it already owns with the intention of driving up the stock price , front running and late trading Late trading Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. These late traders can use the information revealed after 4 PM to guide their trades: buying funds when their current value is greater than their 4 PM value and BOSTON -- In the wake of the financial sector meltdown and heightened concerns about financial fraud, Advanced Analytical Consulting Group, Inc. (AACG AACG American Association for Crystal Growth AACG Art Alliance for Contemporary Glass AACG Arrival Airfield Control Group AACG Acute Angle Closure Glaucoma ) introduces a new product, Scientific Fraud Detection, designed to help funds monitor regulatory compliance and identify fraudulent behavior. AACG now offers customized, rigorous statistical tests that help identify fraudulent behavior, including behavior related to trade allocation, portfolio pumping, front running and late trading. AACG's experienced economists apply a unique methodology which uses internal and external data to detect aberrant trading patterns. The regulatory environment for investment management companies is becoming increasingly demanding. Regulators no longer consider spot checks sufficient to demonstrate compliance. The SEC has expressed clear preference for reliable compliance programs that allow companies to monitor their own activities. SEC Chairman Schapiro recently announced that she is seeking increased payments to whistleblowers who identify violations that internal monitoring systems have missed. The U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. is demanding greater oversight of hedge funds. Clients, in light of the Madoff Scandal, require credible assurance that their investments are safe from fraudulent activity. "Our rigorous statistical tests help investors and investment management companies meet the challenges of this demanding regulatory environment," says AACG founder, Daniel Levy, Ph.D. "AACG assists investors in determining the kinds of tests they should require of their fund managers. AACG works with investment management companies to implement a robust compliance program that will address the needs of both regulators and investors. Companies that can demonstrate effective, ongoing self-monitoring of investment behavior through rigorous statistical analysis are better positioned to satisfy examination by regulators." "Our economists have the necessary industry knowledge and experience to assist investors and investment management companies by implementing statistical testing to address regulatory or litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. concerns," says Dr. Levy. "For over 25 years, economists now at AACG have studied trading behavior. Our economists, statisticians and programmers have run monitoring tests at major hedge funds and mutual funds. AACG economists have testified in legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. involving trading behavior for the SEC and involving statistical sampling litigations for the DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. . AACG complements its team with academic and industry experts." About Advanced Analytical Consulting Group, Inc. Founded by former Senior Managers and national leadership of the Economics and Statistical Consulting Group of Deloitte's Financial Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal in 2009, AACG provides economic, statistical and computing consulting for business decisions and litigation. AACG provides expert testimony Testimony about a scientific, technical, or professional issue given by a person qualified to testify because of familiarity with the subject or special training in the field. , support for academic experts, and advice and assistance in identifying the right expert from academic and business settings. AACG assists business clients with strategic and operational consulting based on in-depth quantitative analysis of corporate data and the client's position in the market. From offices in Boston and San Francisco, AACG serves clients in Canada, Mexico, the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. , the U.K. and the U.S. For more information, visit www.AdvancedAnalytical.com. |
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