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PHOTOS: Acclaimed chef Charlie Trotter dead at 54. "Charlie always insisted on excellence of the highest order, and integrity -- integrity of pricing.
The main reason for that is a lot of tickets just get dumped and the integrity of pricing for season-ticket holders and the average fan goes way down and the most desirable tickets get sold at a maximum premium.
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This is not a "normal" market where the integrity of price signals needs to be protected.
In the economy an unstable dollar undermines the integrity of prices.
"People are disgusted with the lack of integrity on pricing," Johnson declared at a media event in New York in January.
As a result, "[a]n investor who buys or sells stock at the price set by the market does so in reliance on the integrity of that price," and "an investor's reliance on any public material misrepresentations" may therefore "be presumed for purposes of a Rule 10b-5 actId.". Id., at 247, 108 S.Ct.
Investors rely on the integrity of the price as a guide to fundamental value.
Thus, courts may presume that investors trading in efficient markets indirectly rely on public, material misrepresentations through their "reliance on the integrity of the price set by the market". Id., at 245, 108 S.Ct.
But it's the story behind AutoSlash's emergence that is so revealing: an industry with archaic rules sets itself up to have a third party threaten the integrity of its prices.
If it is right, then the sums involved could be huge, too.The authorities are tight-lipped about their focus, but they seem to be examining the integrity of benchmark prices.
The "inference and speculation" you admitted ("Riddles, mysteries and enigmas", May 5th) are hardly a sound basis for impugning the integrity of a price-assessment process that has well served the oil markets for over 20 years.You have got it wrong.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com