The piece of useful, actionable information to come from yesterday’s chain of events is that employees of brokerages are too damned lazy to read the regulatory filings. If I were a team leader in any one of the houses this morning, I’d be threatening the anal ysts in my charge with the sack if they didn’t get off their overcomforted, overpaid, overfed asses and do the basic back reading on the companies they supposedly cover. The information on SUE.to’s bonus scheme had been on SEDAR an age, but nobody with buttons to push had read it, that’s pretty clear.
The bit I like about this is that lil me and lil you, us retail investors, can get an advantage over these $1000 suit wastes of space. Read the filings, people.