DOCSLIB.ORG

2019 BALTIMORE BUSINESS REVIEW Message from the Dean Towson University, College of Business and Economics

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 BALTIMORE BUSINESS REVIEW Message from the Dean Towson University, College of Business and Economics BALTIMORE BUSINESS REVIEW 2019 A MARYLAND JOURNAL 90/0/65/3 80/30/0/0 70/50/0/0 10/10/5/55 PMS 202 - TowsonU CBE Red - 0/100/61/43 Baltimore Business Review A Maryland Journal — 2019 Produced jointly by the CFA Society Baltimore and the Towson University College of Business and Economics Edited by Lijing Du, Ph.D., Jian Huang, Ph.D., Assistant Professors Towson University, Department of Finance and Farhan S. Mustafa, CFA, Board Member CFA Society Baltimore and Niall H. O’Malley, Advisory Board Member, CFA Society Baltimore Designed by Towson University Creative Services, Rick S. Pallansch, Director, Chris Komisar, Senior Graphic Designer For more information about the contents of this publication, contact the Towson University College of Business and Economics press contact, Jian Huang (410) 704-3547, or CFA Society Baltimore press contact, Nicola Daniel (301) 852-1648. This publication is available online at www.baltimorebusinessreview.org All opinions expressed by the contributors quoted here are solely their opinions and do not reflect the opinions of CFA Society Baltimore, Towson University, Towson University College of Business and Economics or affiliates, and may have been previously disseminated by them on television, radio, Internet or another medium. You should not treat any opinion expressed in this journal as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information the contributors consider reliable, but neither CFA Society Baltimore, Towson University, Towson University College of Business and Economics nor their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. The contributors, CFA Society Baltimore, Towson University, Towson University College of Business and Economics, its affiliates and/or subsidiaries are not under any obligation to update or correct any information available in this journal. Also, the opinions expressed by the contributors may be short-term in nature and are subject to change without notice. The contributors, and CFA Society Baltimore, Towson University, Towson University College of Business and Economics or affiliates do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this Web site. Strategies or investments discussed may fluctuate in price or value. You must make an independent decision regarding investments or strategies mentioned in this journal. Before acting on information in this journal, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. 1118.0841 Message from the Dean 2 Message from the President 3 A Beginner’s Guide to Navigating Through Lost Profits in Corporate Litigation 4 Zachary C. Reichenbach, CFA, CPA/ABV/CFF — Principal, Ellin & Tucker Cazmier Tymoch — Analyst, Ellin & Tucker Understanding the Tax Cuts and Jobs Act for Maryland Lower-Income Families 8 Zhen Zhang, Ph.D., CPA —Assistant Professor, Department of Accounting, Towson University When to Sell? How Should You Protect Yourself 18 from the Risk of Falling Values? 14 Niall H. O’Malley, MBA — Portfolio Manager, Blue Point Investment Management The Startup Ecosystem in Maryland 18 Matthew Q. Lowinger — Lead Associate of Student Launch Pad, Towson University Jan Baum — Director of Center for Innovation and Entrepreneurship, Towson University The Status of Women in Management 22 Nicola Daniel — Executive Director, CFA Society Baltimore Determinants of College Student Consumption in Maryland 28 Melissa A. Osborne Groves — Associate Professor, Department of Economics, Towson University Kai Johnson — Undergraduate Student in Economics, Towson University The New Tax Law and the Effect on Values for Privately Owned Businesses 32 By Zachary C. Reichenbach CFA, CPA/ABV/CFF — Principal, Ellin & Tucker Bradford Muir — Associate, Ellin & Tucker Protecting Maryland’s Voting Processes 36 Megan Price — Business Administration Graduate at Towson University 32 Natalie M. Scala, Ph.D.— Assistant Professor and Graduate Program Director at Towson University COL Paul L. Goethals, Ph.D. — Academy Professor at the United States Military Academy How Towson University Students Would Invest $100,000 40 Dylan Vasbinder — President, Towson University Investment Group Tyler Simonds — Portfolio Manager, Towson University Investment Group Chris Breen — Vice-President, Towson University Investment Group Contributors 44 40 2019 BALTIMORE BUSINESS REVIEW Message from the Dean Towson University, College of Business and Economics Dear Colleagues and Friends, I take great pleasure in sharing with you the annual issue of the Baltimore Business Review: A Maryland Journal. With the inaugural issue in 2010, this marks our tenth year of partner- ship with the CFA Society Baltimore. Year after year, Baltimore Business Review has made it possible for the academic and professional worlds to be fully connected to each other and to be directly involved in the Baltimore and Maryland business communities and beyond. SHOHREH A. KAYNAMA, Consistent with our vision, this issue creates a variety of topics that are relevant, challenging, PH.D., The George thought-provoking, and inclusive of a diverse range of voices and perspectives, including Washington University, 1991, scholars, local business practitioners, students, and other open-minded contributors. In this is the Dean of the College issue, we present the impact of the Tax Cuts and Jobs Act (TCJA) on low-income families in of Business and Economics Maryland, which is a very relevant and interesting reading. Further, we focus our attention on and Professor of Marketing how we can protect Maryland’s voting process and mitigate potential cyber vulnerabilities to at Towson University. be extended to industries at large. You will also find other studies collaboratively produced Her research interests by faculty and students addressing topics such as the contribution of the Maryland startup include services marketing, community to job creation and determinants of college student consumption in Maryland. e-Commerce/e-Business Finally, we are proud to showcase an update from the Towson University Investment Group solutions, marketing research, on the survey portfolio they created. international marketing, and The strength of our journal lies with a strong editorial board and with active and high-quality decision support systems in contributors and interested readers. We are delighted that you are joining us as readers, and marketing. Her work has been would like to appreciate your feedback and impressions of this publication. published extensively in many credible journals (nationally Best regards, and internationally). She was named one of the 2005 Top 100 Women in Maryland Shohreh A. Kaynama, Ph.D. by The Daily Record and Dean, College of Business and Economics is an honored member of Empire “Who’s Who of Women in Education.” In addition, she is a member of Network 2000 and serves on the boards of SBRC, the Academy of Finance (NAF), Baltimore County Chamber of Commerce, Better Business Bureau of Greater Maryland, Maryland Council on Economic Education, and the Towson University Foundation. 2 Message from the President CFA Society Baltimore Dear Colleagues and Friends, It gives me great pleasure to share with you the tenth edition of the Baltimore Business Review. This publication represents an important partnership between the business and90/0/65/3 academic80/30/0/0 70/50/0/0communities10/10/5/55 in Baltimore and its adjoining metropolitan areas. CFA Society Baltimore is grateful to have such a great partner in the Towson College of Business and Economics to make this world-classPMS 202 - Tow sonUpublication CBE Red - 0/100/61/43 possible. I want to thank the many individuals who have worked tirelessly to bring this issue to reality. I want to thank the editorial staff of Farhan Mustafa from CFA Society Baltimore and Jian Huang and Lijing Du from Towson University. I would also like to extend a special thank you to many of the contributors Top 10 Employers of to this year’s edition and to Rick Pallansch and Chris Komisar from the Towson University Creative CFA Society Baltimore Services team. Your time and efforts are warmly appreciated. Members The CFA Society Baltimore traces its history back to 1948 and serves over 750 members today. The T. Rowe Price society proudly leads the investment community locally by promoting the highest standard of ethics, Morgan Stanley Smith Barney education, and professional excellence all for the benefit of our community. Participation and member- Brown Advisory ship in the CFA Society Baltimore is open to all professionals dedicated to these standards. Adjacent to PNC Financial this message, you can see a list of the top ten employers of our society’s members. Stifel Financial Corporation Bank of America Merrill Lynch While CFA Society Baltimore advocates and promotes the principles of the CFA program, we are a Wells Fargo professional organization. Our vision for the society includes expanding membership to other finance- Legg Mason related and non-finance professional, including financial advisors, registered investment advisors, Aegon accountants, actuaries, and lawyers, just to name a few. Living in Smaltimore, we hope to create a Bank of New York Mellon Corporation mutually beneficial organization and
Load more

Recommended publications
  • Liquidity in the Street: a 1914 Innovation
    What Happened to Liquidity When World War I Shut the NYSE? William L. Silber Revised November 2003 The author is the Marcus Nadler Professor of Finance and Economics, Stern School of Business, New York University. He wishes to thank Yakov Amihud, Amit Arora, Menachem Brenner, Kenneth Garbade, William Greene, Joel Hasbrouck, Jane Hsu, Yang Lu, Anthony Saunders, Gideon Saar, Mitchell Stephens, Richard Sylla, Paul Wachtel, Ingo Walter, Steven Wheeler and Robert Whitelaw for helpful comments and assistance. Contact information: NYU, Stern School of Business, 44 West 4th Street, New York, N. Y. 10012. Telephone: 212- 998-0714. Email: [email protected] JEL Classifications: G1, N0, N2 Keywords: Liquidity, NYSE, World War I 1 Abstract What Happened to Liquidity When World War I Shut the NYSE? The suspension of trading on the New York Stock Exchange for more than four months following the outbreak of World War I fostered a substitute market on New Street as a source of liquidity. The New Street market suffered from impaired price transparency because its transactions were not disseminated on the NYSE ticker and its quotations were blacklisted at the leading newspapers. This paper shows that despite the incomplete information flow and the somewhat wider bid-ask spreads compared with the New York Stock Exchange, New Street offered economically meaningful liquidity services. The interference with price transparency turned an individual stock’s reputation for liquidity into an important added variable in explaining the structure of bid-ask spreads on New Street. 2 I. Introduction It is not so surprising that the outbreak of World War I forced the New York Stock Exchange (NYSE) to close.
    [Show full text]
  • [List of Stocks Registered on National Securities Exchanges]
    F e d e r a l R e s e r v e Ba n k O F D A LLA S Dallas, Texas, July 29, 1953 To All Banking Institutions in the Eleventh Federal Reserve District: On June 9, 1953 we sent you a copy of Amendment No. 12 to Regulation U which is to become effective August 1, 1953. A principal provision of the amendment is that a bank loan for the purpose of purchas­ ing or carrying a “redeemable security” issued by an “ open-end company” as defined in the Investment Company Act of 1940, whose assets customarily include stocks registered on a national securities exchange, shall be deemed under the regulation to be a loan for the purpose of purchasing or carrying a stock so registered. The amendment also provides that in determining whether or not a security is a “ redeemable security,” a bank may rely upon any reasonably current record of such securities that is published or specified in a publication of the Board of Governors. This, of course, adopts the same procedure as that specified in the regulation for determining whether or not a security is a “ stock registered on a national securities exchange,” and in the past the Board has published a “ List of Stocks Registered on National Securities Exchanges.” This list has now been revised and expanded to include also a list of “redeem­ able securities” of the type covered under the regulation by Amendment No. 12 thereto. A copy of this list dated June, 1953 and listing such stocks and securities as of March 31, 1953 is enclosed.
    [Show full text]
  • Century Economy for Baltimore 4
    Banking for a Baltimore Undivided Confronting Race and Class to Increase Opportunity and Equity for People and Neighborhoods For too long, Baltimore’s people and communities have had little or no say in the direction of the government or how tax dollars are spent. They do not determine how their communities are developed, and so they have watched as government has gone into debt to fund the development of downtown areas - while neglecting the very real needs of neighborhoods throughout the rest of the city. The Baltimore uprising of 2015 brought long festering problems to the forefront and showed that Baltimore needs transformational change - not tinkering with the status quo. The investment strategies and policies for the past 60 years are no longer relevant or feasible. A Joshua Harris Administration is ready to enact enabling legislation to fund investment strategies that make sense in 21st century Baltimore. This plan, based upon successful urban policies from throughout the United States and the world, will empower the residents of Baltimore to decide the future direction of their city. I recognize the community economic challenges facing Baltimore will not be fixed by the next Mayor alone, but by a Mayor who authentically involves community in every strata of a community economic development vision. It will be fixed by the people, first at the neighborhood level and then as a united city, working together for a better future. As Mayor, we will work to ensure the full participation of our residents in creating a united 21st century city. The plan will shift power from City Hall, big developers and Wall Street to people, neighborhoods and communities - because the people who are most affected by Baltimore’s problems are the ones who have the solutions.
    [Show full text]
  • Annual Report 1938
    Fourth Annual Report of the Securities and Exchange Commission Fiscal Year Ended June 30, 1938 UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1938 For lIII1eby the Superintendent of Documents. Washington. D. C. - - - - - - - - Price III ceJlts SECURITms AND EXCHANGE COMMISSION omoe: 1778 P8lUlSYlvllllla A.venue NW. Washlngton, D. O. COMMISSIONERS WILLIAM O. DOUGLAS, Chairman GEORGE C. MATHEWS ROBERT E. HEALY JEROME N. FRANK JOHN W. HANES 1 FRANCIS P. BRASSOR, Secretary Address All Communications SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. I Resigned June 30, 1938. LETTER OF TRANSMITTAL SECURITIES AND EXCHANGE COMMISSION, Washington, January 3, 1939. SIR: I have the honor to transmit to you the Fourth Annual Report of the Securities and Exchange Commission, in compliance with the provisions of Section 23 (b) of the Securities Exchange Act of 1934, approved June 6, 1934, and Section 23 of the Public Utility Holding Company Act of 1935, approved August 26, 1935. Respectfully, WILLIAM O. DOUGLAS, Ohairman. The PRESIDENT OF THE SENATE, The SPEAKER OF THE HOUSE OF REPRESENTATIVES, Washington, D. O. m CONTENTS Introduction _ P... 1 Registration of Public Utility Holding Companies .. _ 6 Orders Granting Exemptions from Registration under the Public Utility Holding Company Act of 1935 _ 8 Reorganization, Simplification, and Integration of Registered Public Util- ity Holding Companies and Subsidiaries _ 9 Rules, Regulations, and Forms under the Public Utility Holding Company Act of 1935 _ 13 Issuance of Securities by Registered Holding
    [Show full text]
  • Summary of Transcript of Proceedings in the Matter of Commission Rate Structures of Registered National Securities Exchanges
    SUMMARY OF TRANSCRIPT OF PROCEEDINGS IN THE MATTER OF COMMISSION RATE STRUCTURES OF REGISTERED NATIONAL SECURITIES EXCHANGES July 1, 1968 -- July 31, 1968 Office of Regulation Division of Trading and Markets Securities and Exchange Commission SCHEDULE OF WITNESSES MATTER OF COMMISSION RATE STRUCTURE OF REGISTERED NATIONAL SECURITIES EXCHANGES 1. Robert M. Bishop -- NYSE -- July 1, 1968 2. Pershing & Company -- July 2, 1968 3. Michael J. Heaney & Co. -- July 2, 1968 4. Jefferies & Co., Inc. -- July 3, 1968 5. Dominick & Dominick -- July 3, 1968 6. Reynolds & Company -- July 8, 1968 % Bache & Company -- July 8, 1968 8. Paine, Webber, Jackson & Curtis -- July 9, 1968 9. Salomon Brothers & Hutzler -- July 9, 1968 10. Donaldson Lufkin & Jenrette, Inc. -- July 10, 1968 11. Cantella & Company, Inc. -- July 10, 1968 12. A. I. Jablonski & Company -- July 11, 1968 13. Harry C. Dackerman & Company, Inc. -- July 11, 1968 14. A. G. Becker & Co., Inc. -- July 15, 1968 15. Ralph W. Davis & Company (Scott Davis) -- July 15, 1968 16. Mitchum, Jones & Templeton, Inc. -- July 16, 1968 1% Stifel, Nicolaus & Company, Inc. July 16, 1968 18. H. O. Peet & Company -- July 17, 1968 19. E. F. Hutton & Company, Inc. -- July 17, 1968 20. Dishy Easton & Company -- July 18, 1968 21. Weeden & Company -- July 18, 1968 22. Delafield & Delafield -- July 19, 1968 23. Maxwell Ohlman & Company -- July 19, 1968 24. Anchor Corporation -- July 22, 1968 25. Fidelity Management & Research 26. Keystone Custodian Funds, Inc. -- July 23, 1968 2% Tsai Management & Research Corporation -- July 23, 1968 28. Elkins Wetherill -- PBW -- July 24, 1968 29. INA Trading Corporation -- July 25, 1968 30.
    [Show full text]
  • Securities and 'Exchange Commission
    Twentieth Annual Report of the Securities and 'Exchange Commission Fiscal Year Ended. June.. 30, 1954 UNITED STATES GOVERNMENT PRINTING OFFICE, WASHINGTON~: 1955 For sale by the Superintendent of Documents, U. S. Governn>ent Printing Office Washington 25, D. C. - Price 4S cents (Paper cover) SECURITIES AND EXCHANGE COMMISSION Headquarters Office 425 Second Street NW. Washington 25, D. C. COMMISSIONERS RALPH H. DEMMLER, Chairman PAUL R. ROWEN CLARENCE H. ADAMS J. SINCLAIR ARMSTRONG A. JACKSON GOODWIN, JR. ORVAL L. DuBoIS, Secretary II LEITER OF TRANSMIITAL SE,CURITIES AND EXCHANGE COMMISSION, Washington, D. C., January 31,1955. SIR: I have the honor to transmit to you the Twentieth Annual . Report of the Securities and Exchange Commission, covering the fiscal year July 1, 1953 to June 30, 1954, in accordance with the pro­ visions of section 23 (b) of the Securities Exchange Act of 1934, approved June 6, 1934; section 23 of the Public Utility Holding Company Act of 1935, approved August 26, 1935; section 46 (a) of the Investment Company Act of 1940, approved August 22, 1940; section 216 of the Investment Advisers Act of 1940, approved August 22, 1940; and section 3 of the act of June 29, 1949, amending the Bretton Woods Agreements Act. Respectfully, RALPH H. DEMlIILER, Chairman. THE PRESIDENT OF THE SENATE, THE SPEAKER OF THE HOUSF OF REPRESENTATIVES, Washington, D. C. III TABLE OF CONTENTS Page Foreword_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ XI Commissioners and
    [Show full text]
  • January to March, 1929, Inclusive : Index To
    TWO SECTIONS--SECTION TWO (Issue of April 20 1929) ?' The. TTYFjnrnrutt tonwrcati I lirtintriv A WEEKIN NEWSPAPER Representing the Industrial Interests of the United States JANUARY TO MARCH, 1929, INCLUSIVE VOLUME 128—PART 1 WILLIAM B. DANA COMPANY, PUBLISHERS FRONT, PINE & DEPETSTER rs., Nair YORK. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Copyright in 1929. according to Act of Congress. by WILLIAM B. DANA COMPANY In office of Librarian of Congress, Washington, D. C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JAN.-MAR., 1929.] INDEX rer INDEX TO VOLUME 128 PART 1. JANUARY I TO MARCH 31 1929 EDITORIAL AND COMMUNICATED ARTICLES Page. Page. Page• Air, Building in the 302 Book Notices and Reviews (Coneluded.)— Cincinnati Stock Exchange for Four Years, ircraft—Permission Given to Fly Over Conduct of The British Foreign Relations Monthly Record of Sales on 066 Panama Canal and Colombia 1276 Since the Peace Settlement, The—Book Cincinnati Stock Exchange, The Record of Acceptances, Unloading, On the Federal Re- by Professor Arnold J Toynbee of Lon- The—By Kenneth P.11111 965 serve. (Editorial from The New York don University 784 Cincinnati Stock Exchange, Record of Prices "Journal of Commerce.") 17. 163 Curzon, Lord George, Life of—Book by On 963 Acceptances, Uniform Buying Rates by Fed- The Earl of Ronaldshaw 303 Clearings, Bank. See Bank Clearings. eral Reserve Banks 1284 Emperor Francis Joseph of Austria—Book Cleveland is Confident. Article by Leonard Advent of 1929, The 14 by Joseph Redlich 1112 P. Ayres 964 Afghanistan, King Amannuel Abdicates His Human Factor in Industry, The—Book by Cleveland Stock Exchange, Record of Prices Throne 296 Professor Cathcart 613 on The 948 Agricultural Classes, The Improvement in the Investment Trusts in America—Book by Cleveland Stock Exchange, Review of The Situation of the 474 Marshall H.
    [Show full text]
  • May 10, 1956: Security Traders Association of New York, Inc
    ESTABLISHED 1S39 In 2 Sections — Section 2 Reg. U. S. Pat. Office Volume 183 Number 5532 New York 7, N. Y., Thursday, May 10, 1956 Price 40 Cents a Copy OF NEW YORK, INC. 20th ANNUAL J V AT WALDORF-ASTORIA DINNER APRIL 27, 1956 President First Second Treasurer Secretary Vice-President Vice-President Edward J. Kelly Carl M. Loeb, Rhoades & Co. Daniel G.Mullin Barney Nieman Nathan A. Krumholz Henry Oetjen Tucker, Anthony A Carl Marks A Co. Siegel A Co. McGinnis & Company ~\ / Co. Inc. DIRECTORS Bernard J. Conlon Edward A. Horn George V. Hunt Reginald J. Knapp Wilbur Krisam P. F. Fox A Co. /. Kuhn, Loeb A Co. A. T. Geyer A Hunt Ira Haupt A Co. John C. Legg A Company Alfred F. Tisch Daniel D. McCarthy Harry A. Michels Lewis H. Serlen / William F. Thompson Fitzgerald A Union Securities Allen A Company Josephthal A Co. Greene and Company Company Corporation Incorporated y *■ Digitized for FRASER http://fraser.stlouisfed.org/ \ Federal Reserve Bank of St. Louis The Commercial and Financial Chronicle .. Thursday, May 10, 1956 2 With Sincere Thanks to All Well, the Twentieth Annual Dinner of STANY is to Finally, you dig into last year's Committee, pull be found in the files and in the fond memories of out Jack Barker, ask Tisch and Horn to stand by something over 1,700 attendants from all over the to advise, needle him every day. Result, he doesn't country. Pridefully I can say it make dinner for a month and comes up with the biggest "Journal" ever.
    [Show full text]
  • Securities Regulation -- Unlisted Tradings: a Vanishing Art? Steven H
    NORTH CAROLINA LAW REVIEW Volume 45 | Number 4 Article 19 6-1-1967 Securities Regulation -- Unlisted Tradings: A Vanishing Art? Steven H. Levenherz Follow this and additional works at: http://scholarship.law.unc.edu/nclr Part of the Law Commons Recommended Citation Steven H. Levenherz, Securities Regulation -- Unlisted Tradings: A Vanishing Art?, 45 N.C. L. Rev. 1085 (1967). Available at: http://scholarship.law.unc.edu/nclr/vol45/iss4/19 This Note is brought to you for free and open access by Carolina Law Scholarship Repository. It has been accepted for inclusion in North Carolina Law Review by an authorized editor of Carolina Law Scholarship Repository. For more information, please contact [email protected]. 1967] DUTY OF FAIR REPRESENTATION 1085 Regardless of the technique 8 used by the majority of the Board to conclude that it is an unfair labor practice to breach the duty of fair representation, the courts should hesitate to accept this result. Under its present course of action, apparently approved in Rubber Workers, the Board seems to have established itself as a fair employ- ment practice committee.49 This development is undesirable for the expansion of the Board's jurisdiction to include fair employment practices has an adverse effect on the primary function of the Board, that of supervising the collective bargaining process. Setting up fair employment standards to be applied by the Board while labor and management engage in collective bargaining would destroy much of the flexibility and perhaps the effectiveness of the collective bargain- ing process." The extensive supervision required might amount to little less than governmental control of labor-management relations.
    [Show full text]
  • SIFMA Insights: US Equity Market Structure Primer
    SIFMA Insights: US Equity Market Structure Primer July 2018 Executive Summary Contents Executive Summary ................................................................................................................................................................................... 4 Drivers of Market Volumes ......................................................................................................................................................................... 6 Historical Volumes ...................................................................................................................................................................................... 7 Market Volumes and the Relationship to the VIX ....................................................................................................................................... 9 Realized versus Implied Volatility ............................................................................................................................................................. 10 VIX and the Fed Funds Rate .................................................................................................................................................................... 11 Evolution of the Market Landscape .......................................................................................................................................................... 12 Markets Were Previously Dominated by a Few .......................................................................................................................................
    [Show full text]
  • JMM Biographical Vertical Files -- Summaries
    JMM Biographical Vertical Files -- Summaries Name Summary Dates Judge 1951-1973 on Baltimore’s police, municipal & district courts. Scholarship fund Aaron, Howard L. 1951-1973 of $100,000 established 1983 in his memory by brother Samuel Parents left Rumania & went to Palestine in 1831 – helped establish Zichron Yaakov. Agronomist: 1906 discovered specimens of wild wheat at Rosh Pinah which made him internationally famous in agronomy circles. MARYLAND CONNECTION: friend of Aaronsohn, Aaron 1919 Henrietta Szold. Organized “NILI” in 1915, a secret intelligence group whose goal was to assist Britain in conquering Palestine from Turks. Died in plane crash over English Channel in 1919 Author of “Broken Lights” – fiction but based entirely and accurately on his life. Author of “That the Living Might Know” – based on the life of his half-brother who died Aaronsohn, Michael fighting in World War II in the Pacific. Grew up in Hebrew Orphan Asylum - widowed 1918 mother unable to support him. Wounded, disfigured and blinded during World War I (1918 battle of Meuse-Argonne Offensive). Reform rabbi in Cincinnati, Ohio In 1915 Baltimore City Directory: Aaronson Bottle Company (Max and Meyer Aaronson, Max Aronson) 105-107 Colvin; home 1020 e Fayette. In 1926 Baltimore City Directory: 1915 Sadie (widow of Max) home 2223 Oram Ave Taught at Baltimore Hebrew College/University 1961-1989 Served as curator of Aberbach, Moses (Moshe) 1961-1989 Maryland Jewish Historical Society 1969-1982 Native of New Haven, CT, attended Yale Univ. and Medical School, graduating in Abeshouse, Benjamin S. M.D. 1924 Intern and resident at Sinai Hospital, Baltimore 1924-1927 Attending urologist at 1948-1961 Levindale Hebrew Home & Urologist-in-Chief at Sinai Hospital 1948-1961 Former Baltimore City policeman, left force 1968 to open liquor business.
    [Show full text]
  • SIFMA Insights: US Multi-Listed Options Market Structure Primer
    Executive Summary SIFMA Insights: US Multi-Listed Options Market Structure Primer September 2018 SIFMA Insights Page | 1 Executive Summary Contents Executive Summary ................................................................................................................................................................................... 4 Fundamentals of Listed Options ................................................................................................................................................................. 6 Terminology ................................................................................................................................................................................................ 6 Pricing an Option ........................................................................................................................................................................................ 8 Moneyness and Profit ................................................................................................................................................................................. 9 Mapping Options Strategies ..................................................................................................................................................................... 10 Put Option versus Stop-Loss Order .......................................................................................................................................................... 10 Writing a Covered
    [Show full text]