Public companies residing in the U.S. are required to be audited by independent auditors. U.S. public companies must also file an annual report with the SEC (Securities and Exchange Commission), generally known as a 10-K. In each 10-K there is a section entitled “Report of Independent Registered Public Accounting Firm” outlining the opinion of the auditor concerning the status of the company. Most of the time this section simply says something like: “Corporation maintained effective internal control over financial reporting” and some other miscellaneous information.
Monthly Archives: May 2006
PowerOptions attended, exhibited, and educated at optionsXpress’s first exhibition in Chicago, IL on May 4th and 5th. While the Xpo was open to the public, customers of optionsXpress primarily attended it. About 1,200 investors attended the conference with about 20 exhibitors. There were about 90 options education breakout sessions on a variety of stock option investing subjects. optionsXpress staffers presented half of the sessions. PowerOptions presented 2 sessions.
Are all you’re eggs in one basket, your home mortgage for example. For a lot of investors, their largest investment and sometimes their only investment is their home. They quietly make the mortgage payment each month and over the years the value of their home has generally appreciated, sometimes rather nicely, and their home now represents a sizable chunk of their net worth.