Grassley Questions SEC Regarding Avon Document Validation

Mark Melin

Published onMay 29, 2015

Updated on May 13, 2021

When the stock price of Avon jumped 20 percent on May 14, those inside the financial services industry were abuzz, particularly once it was discovered the EDGAR database might have been manipulated. U.S. Senator Charles Grassley (R-IA), known in some circles for his curious mind and straight forward manner, had similar questions about an apparently fraudulent filing that caused the price spike, a topic he raised in a letter to SEC Chair Mary Jo White.

Table of Contents

Citing the SEC’s own description of the system, which states EDGAR “performs automate collection, validation… and acceptance” of information, Grassley, after emphasizing the word "validation" in a letter to White, wondered...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Grassley Questions SEC Regarding Avon Document Validation

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