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Describes an AI (Artificial Intelligence) system whose goal is for the Securities and Exchange Commission (SEC) to discover public companies who are misleading investors BEFORE such companies go bankrupt or their shares loose significant value when the truth becomes known to the wider market. Objectives include: annual 98% reduction in surprise bankruptcies; annual 90% reduction in accounting fraud; US public markets viewed by global investors as honest and fair market in which to invest capital.
14 Pages
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01/06/2009 |
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I would really enjoy building this system. I can't believe the accounting games that the SEC lets some public corporations get away with. A corporate charter is supposed to be granted to only those companies who meet conditions that deserve the public's trust. The system could only identify those companies that warrant further investigation. It would still take a good analyst and investigation to determine exactly how the company/executives were cheating.