id	sid	tid	token	lemma	pos
cblr-10945	1	1	microsoft	microsoft	PROPN
cblr-10945	1	2	word	word	NOUN
cblr-10945	1	3	mainousdone.docx	mainousdone.docx	PROPN
cblr-10945	1	4	note	note	VERB
cblr-10945	1	5	the	the	DET
cblr-10945	1	6	sec	sec	PROPN
cblr-10945	1	7	’s	’s	PART
cblr-10945	1	8	vie	vie	PROPN
cblr-10945	1	9	problem	problem	NOUN
cblr-10945	1	10	:	:	PUNCT
cblr-10945	1	11	why	why	SCONJ
cblr-10945	1	12	the	the	DET
cblr-10945	1	13	agency	agency	NOUN
cblr-10945	1	14	’s	’s	PART
cblr-10945	1	15	approach	approach	NOUN
cblr-10945	1	16	contradicts	contradict	VERB
cblr-10945	1	17	its	its	PRON
cblr-10945	1	18	rhetoric	rhetoric	NOUN
cblr-10945	1	19	ryan	ryan	PROPN
cblr-10945	1	20	w.	w.	PROPN
cblr-10945	1	21	mainous	mainous	PROPN
cblr-10945	1	22	*	*	PUNCT
cblr-10945	1	23	in	in	ADP
cblr-10945	1	24	july	july	PROPN
cblr-10945	1	25	2021	2021	NUM
cblr-10945	1	26	,	,	PUNCT
cblr-10945	1	27	the	the	DET
cblr-10945	1	28	sec	sec	PROPN
cblr-10945	1	29	temporarily	temporarily	ADV
cblr-10945	1	30	banned	ban	VERB
cblr-10945	1	31	securities	security	NOUN
cblr-10945	1	32	issuances	issuance	NOUN
cblr-10945	1	33	by	by	ADP
cblr-10945	1	34	chinese	chinese	ADJ
cblr-10945	1	35	companies	company	NOUN
cblr-10945	1	36	listing	list	VERB
cblr-10945	1	37	in	in	ADP
cblr-10945	1	38	the	the	DET
cblr-10945	1	39	united	united	PROPN
cblr-10945	1	40	states	states	PROPN
cblr-10945	1	41	with	with	ADP
cblr-10945	1	42	a	a	DET
cblr-10945	1	43	stated	state	VERB
cblr-10945	1	44	rationale	rationale	NOUN
cblr-10945	1	45	of	of	ADP
cblr-10945	1	46	protecting	protect	VERB
cblr-10945	1	47	average	average	ADJ
cblr-10945	1	48	investors	investor	NOUN
cblr-10945	1	49	from	from	ADP
cblr-10945	1	50	the	the	DET
cblr-10945	1	51	complicated	complicated	ADJ
cblr-10945	1	52	and	and	CCONJ
cblr-10945	1	53	opaque	opaque	ADJ
cblr-10945	1	54	corporate	corporate	ADJ
cblr-10945	1	55	structure	structure	NOUN
cblr-10945	1	56	known	know	VERB
cblr-10945	1	57	as	as	ADP
cblr-10945	1	58	a	a	DET
cblr-10945	1	59	variable	variable	ADJ
cblr-10945	1	60	interest	interest	NOUN
cblr-10945	1	61	entity	entity	NOUN
cblr-10945	1	62	(	(	PUNCT
cblr-10945	1	63	“	"	PUNCT
cblr-10945	1	64	vie	vie	NOUN
cblr-10945	1	65	”	"	PUNCT
cblr-10945	1	66	)	)	PUNCT
cblr-10945	1	67	,	,	PUNCT
cblr-10945	1	68	often	often	ADV
cblr-10945	1	69	employed	employ	VERB
cblr-10945	1	70	by	by	ADP
cblr-10945	1	71	chinese	chinese	ADJ
cblr-10945	1	72	operating	operating	NOUN
cblr-10945	1	73	companies	company	NOUN
cblr-10945	1	74	listed	list	VERB
cblr-10945	1	75	in	in	ADP
cblr-10945	1	76	the	the	DET
cblr-10945	1	77	united	united	PROPN
cblr-10945	1	78	states	states	PROPN
cblr-10945	1	79	.	.	PUNCT
cblr-10945	2	1	the	the	DET
cblr-10945	2	2	subsequent	subsequent	ADJ
cblr-10945	2	3	rule	rule	NOUN
cblr-10945	2	4	changes	change	NOUN
cblr-10945	2	5	for	for	ADP
cblr-10945	2	6	vie	vie	PROPN
cblr-10945	2	7	disclosure	disclosure	NOUN
cblr-10945	2	8	illustrate	illustrate	VERB
cblr-10945	2	9	the	the	DET
cblr-10945	2	10	disconnect	disconnect	NOUN
cblr-10945	2	11	between	between	ADP
cblr-10945	2	12	the	the	DET
cblr-10945	2	13	agency	agency	NOUN
cblr-10945	2	14	’s	’s	PART
cblr-10945	2	15	rhetoric	rhetoric	NOUN
cblr-10945	2	16	and	and	CCONJ
cblr-10945	2	17	its	its	PRON
cblr-10945	2	18	actions	action	NOUN
cblr-10945	2	19	.	.	PUNCT
cblr-10945	3	1	the	the	DET
cblr-10945	3	2	sec	sec	PROPN
cblr-10945	3	3	’s	’s	PART
cblr-10945	3	4	continued	continue	VERB
cblr-10945	3	5	invocation	invocation	NOUN
cblr-10945	3	6	of	of	ADP
cblr-10945	3	7	retail	retail	ADJ
cblr-10945	3	8	investors	investor	NOUN
cblr-10945	3	9	rings	ring	VERB
cblr-10945	3	10	hollow	hollow	ADV
cblr-10945	3	11	when	when	SCONJ
cblr-10945	3	12	they	they	PRON
cblr-10945	3	13	are	be	AUX
cblr-10945	3	14	unlikely	unlikely	ADJ
cblr-10945	3	15	to	to	PART
cblr-10945	3	16	be	be	AUX
cblr-10945	3	17	affected	affect	VERB
cblr-10945	3	18	by	by	ADP
cblr-10945	3	19	tweaks	tweak	NOUN
cblr-10945	3	20	to	to	ADP
cblr-10945	3	21	disclosure	disclosure	NOUN
cblr-10945	3	22	rules	rule	NOUN
cblr-10945	3	23	.	.	PUNCT
cblr-10945	4	1	the	the	DET
cblr-10945	4	2	sec	sec	PROPN
cblr-10945	4	3	should	should	AUX
cblr-10945	4	4	make	make	VERB
cblr-10945	4	5	an	an	DET
cblr-10945	4	6	effort	effort	NOUN
cblr-10945	4	7	to	to	PART
cblr-10945	4	8	be	be	AUX
cblr-10945	4	9	more	more	ADV
cblr-10945	4	10	transparent	transparent	ADJ
cblr-10945	4	11	about	about	ADP
cblr-10945	4	12	whom	whom	PRON
cblr-10945	4	13	its	its	PRON
cblr-10945	4	14	disclosure	disclosure	NOUN
cblr-10945	4	15	rules	rule	NOUN
cblr-10945	4	16	serve	serve	VERB
cblr-10945	4	17	:	:	PUNCT
cblr-10945	4	18	institutional	institutional	ADJ
cblr-10945	4	19	investors	investor	NOUN
cblr-10945	4	20	,	,	PUNCT
cblr-10945	4	21	who	who	PRON
cblr-10945	4	22	are	be	AUX
cblr-10945	4	23	most	most	ADV
cblr-10945	4	24	likely	likely	ADJ
cblr-10945	4	25	to	to	PART
cblr-10945	4	26	read	read	VERB
cblr-10945	4	27	disclosure	disclosure	NOUN
cblr-10945	4	28	documents	document	NOUN
cblr-10945	4	29	and	and	CCONJ
cblr-10945	4	30	most	most	ADV
cblr-10945	4	31	able	able	ADJ
cblr-10945	4	32	to	to	PART
cblr-10945	4	33	use	use	VERB
cblr-10945	4	34	the	the	DET
cblr-10945	4	35	information	information	NOUN
cblr-10945	4	36	contained	contain	VERB
cblr-10945	4	37	within	within	ADP
cblr-10945	4	38	them	they	PRON
cblr-10945	4	39	to	to	PART
cblr-10945	4	40	price	price	VERB
cblr-10945	4	41	the	the	DET
cblr-10945	4	42	securities	security	NOUN
cblr-10945	4	43	efficiently	efficiently	ADV
cblr-10945	4	44	.	.	PUNCT
cblr-10945	5	1	academic	academic	ADJ
cblr-10945	5	2	literature	literature	PROPN
cblr-10945	5	3	suggests	suggest	VERB
cblr-10945	5	4	professional	professional	ADJ
cblr-10945	5	5	investors	investor	NOUN
cblr-10945	5	6	should	should	AUX
cblr-10945	5	7	be	be	AUX
cblr-10945	5	8	the	the	DET
cblr-10945	5	9	agency	agency	NOUN
cblr-10945	5	10	’s	’s	PART
cblr-10945	5	11	main	main	ADJ
cblr-10945	5	12	priority	priority	NOUN
cblr-10945	5	13	,	,	PUNCT
cblr-10945	5	14	and	and	CCONJ
cblr-10945	5	15	the	the	DET
cblr-10945	5	16	current	current	ADJ
cblr-10945	5	17	regime	regime	NOUN
cblr-10945	5	18	,	,	PUNCT
cblr-10945	5	19	as	as	SCONJ
cblr-10945	5	20	seen	see	VERB
cblr-10945	5	21	in	in	ADP
cblr-10945	5	22	the	the	DET
cblr-10945	5	23	case	case	NOUN
cblr-10945	5	24	of	of	ADP
cblr-10945	5	25	vie	vie	PROPN
cblr-10945	5	26	disclosure	disclosure	NOUN
cblr-10945	5	27	rules	rule	NOUN
cblr-10945	5	28	,	,	PUNCT
cblr-10945	5	29	can	can	AUX
cblr-10945	5	30	only	only	ADV
cblr-10945	5	31	make	make	VERB
cblr-10945	5	32	sense	sense	NOUN
cblr-10945	5	33	when	when	SCONJ
cblr-10945	5	34	viewed	view	VERB
cblr-10945	5	35	through	through	ADP
cblr-10945	5	36	that	that	DET
cblr-10945	5	37	lens	len	NOUN
cblr-10945	5	38	.	.	PUNCT
cblr-10945	6	1	investor	investor	NOUN
cblr-10945	6	2	confidence	confidence	NOUN
cblr-10945	6	3	,	,	PUNCT
cblr-10945	6	4	internal	internal	ADJ
cblr-10945	6	5	rulemaking	rulemaking	NOUN
cblr-10945	6	6	,	,	PUNCT
cblr-10945	6	7	and	and	CCONJ
cblr-10945	6	8	market	market	NOUN
cblr-10945	6	9	efficiency	efficiency	NOUN
cblr-10945	6	10	would	would	AUX
cblr-10945	6	11	all	all	ADV
cblr-10945	6	12	be	be	AUX
cblr-10945	6	13	improved	improve	VERB
cblr-10945	6	14	if	if	SCONJ
cblr-10945	6	15	the	the	DET
cblr-10945	6	16	sec	sec	PROPN
cblr-10945	6	17	were	be	AUX
cblr-10945	6	18	more	more	ADV
cblr-10945	6	19	transparent	transparent	ADJ
cblr-10945	6	20	about	about	ADP
cblr-10945	6	21	its	its	PRON
cblr-10945	6	22	goals	goal	NOUN
cblr-10945	6	23	and	and	CCONJ
cblr-10945	6	24	methods	method	NOUN
cblr-10945	6	25	.	.	PUNCT
cblr-10945	7	1	i.	i.	PROPN
cblr-10945	7	2	introduction	introduction	NOUN
cblr-10945	7	3	.....................................................................	.....................................................................	PUNCT
cblr-10945	8	1	1067	1067	NUM
cblr-10945	8	2	ii	ii	NOUN
cblr-10945	8	3	.	.	PUNCT
cblr-10945	9	1	legal	legal	ADJ
cblr-10945	9	2	and	and	CCONJ
cblr-10945	9	3	regulatory	regulatory	ADJ
cblr-10945	9	4	background	background	NOUN
cblr-10945	9	5	...............................	...............................	PUNCT
cblr-10945	10	1	1070	1070	NUM
cblr-10945	10	2	a.	a.	NOUN
cblr-10945	10	3	regulatory	regulatory	ADJ
cblr-10945	10	4	background	background	NOUN
cblr-10945	10	5	in	in	ADP
cblr-10945	10	6	china	china	PROPN
cblr-10945	10	7	........................	........................	PUNCT
cblr-10945	10	8	1071	1071	NUM
cblr-10945	10	9	b.	b.	PROPN
cblr-10945	10	10	u.s	u.s	PROPN
cblr-10945	10	11	.	.	PROPN
cblr-10945	10	12	congressional	congressional	ADJ
cblr-10945	10	13	and	and	CCONJ
cblr-10945	10	14	regulatory	regulatory	ADJ
cblr-10945	10	15	responses	response	NOUN
cblr-10945	10	16	..	..	PUNCT
cblr-10945	10	17	1076	1076	NUM
cblr-10945	10	18	iii	iii	NOUN
cblr-10945	10	19	.	.	PUNCT
cblr-10945	11	1	inadequacy	inadequacy	NOUN
cblr-10945	11	2	of	of	ADP
cblr-10945	11	3	current	current	ADJ
cblr-10945	11	4	disclosure	disclosure	NOUN
cblr-10945	11	5	rules	rule	NOUN
cblr-10945	11	6	....................	....................	PUNCT
cblr-10945	12	1	1083	1083	NUM
cblr-10945	12	2	*	*	PUNCT
cblr-10945	12	3	j.d	j.d	PROPN
cblr-10945	12	4	.	.	PROPN
cblr-10945	12	5	candidate	candidate	NOUN
cblr-10945	12	6	2023	2023	NUM
cblr-10945	12	7	,	,	PUNCT
cblr-10945	12	8	columbia	columbia	PROPN
cblr-10945	12	9	law	law	PROPN
cblr-10945	12	10	school	school	NOUN
cblr-10945	12	11	.	.	PUNCT
cblr-10945	13	1	no	no	INTJ
cblr-10945	13	2	.	.	PUNCT
cblr-10945	14	1	2:1066	2:1066	NUM
cblr-10945	14	2	]	]	PUNCT
cblr-10945	14	3	the	the	DET
cblr-10945	14	4	sec	sec	PROPN
cblr-10945	14	5	’s	’s	PART
cblr-10945	14	6	vie	vie	PROPN
cblr-10945	14	7	problem	problem	NOUN
cblr-10945	14	8	1067	1067	NUM
cblr-10945	14	9	a.	a.	NOUN
cblr-10945	14	10	increased	increase	VERB
cblr-10945	14	11	disclosure	disclosure	NOUN
cblr-10945	14	12	can	can	AUX
cblr-10945	14	13	be	be	AUX
cblr-10945	14	14	counterproductive	counterproductive	ADJ
cblr-10945	15	1	.............................................................................	.............................................................................	PUNCT
cblr-10945	15	2	1083	1083	NUM
cblr-10945	15	3	b.	b.	PROPN
cblr-10945	15	4	susceptibility	susceptibility	NOUN
cblr-10945	15	5	of	of	ADP
cblr-10945	15	6	new	new	ADJ
cblr-10945	15	7	retail	retail	ADJ
cblr-10945	15	8	investors	investor	NOUN
cblr-10945	15	9	................	................	PUNCT
cblr-10945	15	10	1086	1086	NUM
cblr-10945	15	11	c.	c.	PROPN
cblr-10945	15	12	particular	particular	ADJ
cblr-10945	15	13	issues	issue	NOUN
cblr-10945	15	14	with	with	ADP
cblr-10945	15	15	vie	vie	PROPN
cblr-10945	15	16	disclosure	disclosure	NOUN
cblr-10945	15	17	...............	...............	PUNCT
cblr-10945	15	18	1089	1089	NUM
cblr-10945	15	19	iv	iv	NOUN
cblr-10945	15	20	.	.	PUNCT
cblr-10945	16	1	recommendations	recommendation	NOUN
cblr-10945	16	2	for	for	ADP
cblr-10945	16	3	the	the	DET
cblr-10945	16	4	sec	sec	PROPN
cblr-10945	16	5	....................................	....................................	PUNCT
cblr-10945	16	6	1090	1090	NUM
cblr-10945	16	7	a.	a.	NOUN
cblr-10945	16	8	substantive	substantive	ADJ
cblr-10945	16	9	regulation	regulation	NOUN
cblr-10945	16	10	.......................................	.......................................	PUNCT
cblr-10945	16	11	1091	1091	NUM
cblr-10945	16	12	b.	b.	PROPN
cblr-10945	16	13	platform	platform	NOUN
cblr-10945	16	14	-	-	PUNCT
cblr-10945	16	15	based	base	VERB
cblr-10945	16	16	disclosure	disclosure	NOUN
cblr-10945	16	17	requirements	requirement	NOUN
cblr-10945	16	18	..........	..........	PUNCT
cblr-10945	16	19	1091	1091	NUM
cblr-10945	16	20	v.	v.	ADP
cblr-10945	16	21	conclusion	conclusion	NOUN
cblr-10945	16	22	......................................................................	......................................................................	PUNCT
cblr-10945	16	23	1096	1096	NUM
cblr-10945	16	24	i.	i.	PROPN
cblr-10945	16	25	introduction	introduction	NOUN
cblr-10945	16	26	any	any	DET
cblr-10945	16	27	serious	serious	ADJ
cblr-10945	16	28	examination	examination	NOUN
cblr-10945	16	29	of	of	ADP
cblr-10945	16	30	the	the	DET
cblr-10945	16	31	role	role	NOUN
cblr-10945	16	32	and	and	CCONJ
cblr-10945	16	33	function	function	NOUN
cblr-10945	16	34	of	of	ADP
cblr-10945	16	35	securities	security	NOUN
cblr-10945	16	36	regulation	regulation	NOUN
cblr-10945	16	37	must	must	AUX
cblr-10945	16	38	sidestep	sidestep	VERB
cblr-10945	16	39	the	the	DET
cblr-10945	16	40	widespread	widespread	ADJ
cblr-10945	16	41	,	,	PUNCT
cblr-10945	16	42	yet	yet	CCONJ
cblr-10945	16	43	misguided	misguided	ADJ
cblr-10945	16	44	,	,	PUNCT
cblr-10945	16	45	belief	belief	NOUN
cblr-10945	16	46	that	that	SCONJ
cblr-10945	16	47	securities	security	NOUN
cblr-10945	16	48	regulation	regulation	NOUN
cblr-10945	16	49	aims	aim	VERB
cblr-10945	16	50	at	at	ADP
cblr-10945	16	51	protecting	protect	VERB
cblr-10945	16	52	the	the	DET
cblr-10945	16	53	common	common	ADJ
cblr-10945	16	54	investor	investor	NOUN
cblr-10945	16	55	.	.	PUNCT
cblr-10945	17	1	securities	security	NOUN
cblr-10945	17	2	regulation	regulation	NOUN
cblr-10945	17	3	is	be	AUX
cblr-10945	17	4	not	not	PART
cblr-10945	17	5	a	a	DET
cblr-10945	17	6	consumer	consumer	NOUN
cblr-10945	17	7	protection	protection	NOUN
cblr-10945	17	8	law.1	law.1	PROPN
cblr-10945	17	9	in	in	ADP
cblr-10945	17	10	july	july	PROPN
cblr-10945	17	11	2021	2021	NUM
cblr-10945	17	12	,	,	PUNCT
cblr-10945	17	13	the	the	DET
cblr-10945	17	14	sec	sec	PROPN
cblr-10945	17	15	“	"	PUNCT
cblr-10945	17	16	put	put	VERB
cblr-10945	17	17	a	a	DET
cblr-10945	17	18	pause	pause	NOUN
cblr-10945	17	19	on	on	ADP
cblr-10945	17	20	new	new	ADJ
cblr-10945	17	21	offerings”2	offerings”2	NOUN
cblr-10945	17	22	from	from	ADP
cblr-10945	17	23	chinese	chinese	ADJ
cblr-10945	17	24	companies	company	NOUN
cblr-10945	17	25	listing	list	VERB
cblr-10945	17	26	in	in	ADP
cblr-10945	17	27	the	the	DET
cblr-10945	17	28	united	united	PROPN
cblr-10945	17	29	states	states	PROPN
cblr-10945	17	30	because	because	SCONJ
cblr-10945	17	31	“	"	PUNCT
cblr-10945	17	32	average	average	ADJ
cblr-10945	17	33	investors	investor	NOUN
cblr-10945	17	34	may	may	AUX
cblr-10945	17	35	not	not	PART
cblr-10945	17	36	realize	realize	VERB
cblr-10945	17	37	that	that	SCONJ
cblr-10945	17	38	they	they	PRON
cblr-10945	17	39	hold	hold	VERB
cblr-10945	17	40	stock	stock	NOUN
cblr-10945	17	41	in	in	ADP
cblr-10945	17	42	a	a	DET
cblr-10945	17	43	shell	shell	ADJ
cblr-10945	17	44	company	company	NOUN
cblr-10945	17	45	rather	rather	ADV
cblr-10945	17	46	than	than	ADP
cblr-10945	17	47	a	a	DET
cblr-10945	17	48	china	china	NOUN
cblr-10945	17	49	-	-	PUNCT
cblr-10945	17	50	based	base	VERB
cblr-10945	17	51	operating	operating	NOUN
cblr-10945	17	52	company	company	NOUN
cblr-10945	17	53	.	.	PUNCT
cblr-10945	17	54	”3	”3	PUNCT
cblr-10945	17	55	within	within	ADP
cblr-10945	17	56	a	a	DET
cblr-10945	17	57	few	few	ADJ
cblr-10945	17	58	months	month	NOUN
cblr-10945	17	59	,	,	PUNCT
cblr-10945	17	60	chinese	chinese	ADJ
cblr-10945	17	61	companies	company	NOUN
cblr-10945	17	62	began	begin	VERB
cblr-10945	17	63	conducting	conduct	VERB
cblr-10945	17	64	u.s	u.s	PROPN
cblr-10945	17	65	.	.	PROPN
cblr-10945	17	66	offerings	offering	NOUN
cblr-10945	17	67	again,4	again,4	VERB
cblr-10945	17	68	but	but	CCONJ
cblr-10945	17	69	with	with	ADP
cblr-10945	17	70	new	new	ADJ
cblr-10945	17	71	requirements	requirement	NOUN
cblr-10945	17	72	in	in	ADP
cblr-10945	17	73	place	place	NOUN
cblr-10945	17	74	for	for	ADP
cblr-10945	17	75	issuers	issuer	NOUN
cblr-10945	17	76	using	use	VERB
cblr-10945	17	77	commonplace	commonplace	ADJ
cblr-10945	17	78	shell	shell	NOUN
cblr-10945	17	79	company	company	NOUN
cblr-10945	17	80	1	1	NUM
cblr-10945	17	81	zohar	zohar	PROPN
cblr-10945	17	82	goshen	goshen	PROPN
cblr-10945	17	83	&	&	CCONJ
cblr-10945	17	84	gideon	gideon	PROPN
cblr-10945	17	85	parchomovsky	parchomovsky	PROPN
cblr-10945	17	86	,	,	PUNCT
cblr-10945	17	87	the	the	DET
cblr-10945	17	88	essential	essential	ADJ
cblr-10945	17	89	role	role	NOUN
cblr-10945	17	90	of	of	ADP
cblr-10945	17	91	securities	security	NOUN
cblr-10945	17	92	regulation	regulation	NOUN
cblr-10945	17	93	,	,	PUNCT
cblr-10945	17	94	55	55	NUM
cblr-10945	17	95	duke	duke	PROPN
cblr-10945	17	96	l.j	l.j	PROPN
cblr-10945	17	97	.	.	PROPN
cblr-10945	17	98	711	711	NUM
cblr-10945	17	99	,	,	PUNCT
cblr-10945	17	100	713	713	NUM
cblr-10945	17	101	(	(	PUNCT
cblr-10945	17	102	2006	2006	NUM
cblr-10945	17	103	)	)	PUNCT
cblr-10945	18	1	(	(	PUNCT
cblr-10945	18	2	citation	citation	NOUN
cblr-10945	18	3	omitted	omit	VERB
cblr-10945	18	4	)	)	PUNCT
cblr-10945	18	5	.	.	PUNCT
cblr-10945	19	1	2	2	NUM
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cblr-10945	19	4	,	,	PUNCT
cblr-10945	19	5	sec	sec	PROPN
cblr-10945	19	6	chair	chair	NOUN
cblr-10945	19	7	:	:	PUNCT
cblr-10945	19	8	chinese	chinese	ADJ
cblr-10945	19	9	firms	firm	NOUN
cblr-10945	19	10	need	need	VERB
cblr-10945	19	11	to	to	PART
cblr-10945	19	12	open	open	VERB
cblr-10945	19	13	their	their	PRON
cblr-10945	19	14	books	book	NOUN
cblr-10945	19	15	,	,	PUNCT
cblr-10945	20	1	wall	wall	PROPN
cblr-10945	20	2	st	st	PROPN
cblr-10945	20	3	.	.	PROPN
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cblr-10945	21	1	(	(	PUNCT
cblr-10945	22	1	sept	sept	PROPN
cblr-10945	22	2	.	.	PROPN
cblr-10945	22	3	13	13	NUM
cblr-10945	22	4	,	,	PUNCT
cblr-10945	22	5	2021	2021	NUM
cblr-10945	22	6	,	,	PUNCT
cblr-10945	22	7	6:00	6:00	NUM
cblr-10945	22	8	pm	pm	NOUN
cblr-10945	22	9	)	)	PUNCT
cblr-10945	22	10	,	,	PUNCT
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cblr-10945	23	4	.	.	PUNCT
cblr-10945	23	5	3	3	NUM
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cblr-10945	23	7	gensler	gensler	NOUN
cblr-10945	23	8	,	,	PUNCT
cblr-10945	23	9	statement	statement	NOUN
cblr-10945	23	10	on	on	ADP
cblr-10945	23	11	investor	investor	NOUN
cblr-10945	23	12	protection	protection	NOUN
cblr-10945	23	13	related	relate	VERB
cblr-10945	23	14	to	to	ADP
cblr-10945	23	15	recent	recent	ADJ
cblr-10945	23	16	developments	development	NOUN
cblr-10945	23	17	in	in	ADP
cblr-10945	23	18	china	china	PROPN
cblr-10945	23	19	,	,	PUNCT
cblr-10945	23	20	sec	sec	PROPN
cblr-10945	23	21	(	(	PUNCT
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cblr-10945	23	23	30	30	NUM
cblr-10945	23	24	,	,	PUNCT
cblr-10945	23	25	2021	2021	NUM
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cblr-10945	23	27	,	,	PUNCT
cblr-10945	23	28	https://www.sec.gov/news/public-statement/gensler-2021-07-30	https://www.sec.gov/news/public-statement/gensler-2021-07-30	NOUN
cblr-10945	24	1	[	[	X
cblr-10945	24	2	https://perma.cc/lfr5-dhck	https://perma.cc/lfr5-dhck	PROPN
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cblr-10945	24	4	.	.	PUNCT
cblr-10945	25	1	4	4	NUM
cblr-10945	25	2	see	see	VERB
cblr-10945	25	3	,	,	PUNCT
cblr-10945	25	4	e.g.	e.g.	ADV
cblr-10945	25	5	,	,	PUNCT
cblr-10945	25	6	filipe	filipe	PROPN
cblr-10945	25	7	pacheco	pacheco	PROPN
cblr-10945	25	8	,	,	PUNCT
cblr-10945	25	9	china	china	PROPN
cblr-10945	25	10	-	-	PUNCT
cblr-10945	25	11	focused	focus	VERB
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cblr-10945	25	14	raises	raise	VERB
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cblr-10945	25	16	325	325	NUM
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cblr-10945	25	20	.	.	PROPN
cblr-10945	25	21	ipo	ipo	PROPN
cblr-10945	25	22	,	,	PUNCT
cblr-10945	25	23	bloomberg	bloomberg	PROPN
cblr-10945	25	24	news	news	PROPN
cblr-10945	25	25	(	(	PUNCT
cblr-10945	25	26	oct	oct	PROPN
cblr-10945	25	27	.	.	PROPN
cblr-10945	25	28	31	31	NUM
cblr-10945	25	29	,	,	PUNCT
cblr-10945	25	30	2021	2021	NUM
cblr-10945	25	31	,	,	PUNCT
cblr-10945	25	32	9:51	9:51	NUM
cblr-10945	25	33	pm	pm	NOUN
cblr-10945	25	34	)	)	PUNCT
cblr-10945	25	35	,	,	PUNCT
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cblr-10945	26	1	[	[	X
cblr-10945	26	2	https://perma.cc/cjc7-n96x	https://perma.cc/cjc7-n96x	X
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cblr-10945	27	2	columbia	columbia	PROPN
cblr-10945	27	3	business	business	PROPN
cblr-10945	27	4	law	law	PROPN
cblr-10945	27	5	review	review	NOUN
cblr-10945	27	6	[	[	X
cblr-10945	27	7	vol	vol	NOUN
cblr-10945	27	8	.	.	PUNCT
cblr-10945	27	9	2022	2022	NUM
cblr-10945	27	10	structures.5	structures.5	NOUN
cblr-10945	27	11	known	know	VERB
cblr-10945	27	12	as	as	ADP
cblr-10945	27	13	“	"	PUNCT
cblr-10945	27	14	variable	variable	ADJ
cblr-10945	27	15	interest	interest	NOUN
cblr-10945	27	16	entities	entity	NOUN
cblr-10945	27	17	”	"	PUNCT
cblr-10945	27	18	(	(	PUNCT
cblr-10945	27	19	vies	vie	NOUN
cblr-10945	27	20	)	)	PUNCT
cblr-10945	27	21	,	,	PUNCT
cblr-10945	27	22	these	these	DET
cblr-10945	27	23	shell	shell	ADJ
cblr-10945	27	24	structures	structure	NOUN
cblr-10945	27	25	are	be	AUX
cblr-10945	27	26	now	now	ADV
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cblr-10945	27	28	by	by	ADP
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cblr-10945	27	30	sec	sec	PROPN
cblr-10945	27	31	to	to	PART
cblr-10945	27	32	disclose	disclose	VERB
cblr-10945	27	33	that	that	SCONJ
cblr-10945	27	34	“	"	PUNCT
cblr-10945	27	35	investors	investor	NOUN
cblr-10945	27	36	are	be	AUX
cblr-10945	27	37	not	not	PART
cblr-10945	27	38	buying	buy	VERB
cblr-10945	27	39	shares	share	NOUN
cblr-10945	27	40	of	of	ADP
cblr-10945	27	41	a	a	DET
cblr-10945	27	42	china	china	PROPN
cblr-10945	27	43	-	-	PUNCT
cblr-10945	27	44	based	base	VERB
cblr-10945	27	45	operating	operating	NOUN
cblr-10945	27	46	company	company	NOUN
cblr-10945	27	47	but	but	CCONJ
cblr-10945	27	48	instead	instead	ADV
cblr-10945	27	49	are	be	AUX
cblr-10945	27	50	buying	buy	VERB
cblr-10945	27	51	shares	share	NOUN
cblr-10945	27	52	of	of	ADP
cblr-10945	27	53	a	a	DET
cblr-10945	27	54	shell	shell	ADJ
cblr-10945	27	55	company	company	NOUN
cblr-10945	27	56	”	"	PUNCT
cblr-10945	27	57	along	along	ADP
cblr-10945	27	58	with	with	ADP
cblr-10945	27	59	the	the	DET
cblr-10945	27	60	uncertainty	uncertainty	NOUN
cblr-10945	27	61	risk	risk	NOUN
cblr-10945	27	62	related	relate	VERB
cblr-10945	27	63	to	to	ADP
cblr-10945	27	64	potential	potential	ADJ
cblr-10945	27	65	regulation.6	regulation.6	NOUN
cblr-10945	27	66	puzzlingly	puzzlingly	ADV
cblr-10945	27	67	,	,	PUNCT
cblr-10945	27	68	though	though	ADV
cblr-10945	27	69	,	,	PUNCT
cblr-10945	27	70	vies	vie	NOUN
cblr-10945	27	71	were	be	AUX
cblr-10945	27	72	already	already	ADV
cblr-10945	27	73	explaining	explain	VERB
cblr-10945	27	74	their	their	PRON
cblr-10945	27	75	complicated	complicated	ADJ
cblr-10945	27	76	structures	structure	NOUN
cblr-10945	27	77	and	and	CCONJ
cblr-10945	27	78	a	a	DET
cblr-10945	27	79	raft	raft	NOUN
cblr-10945	27	80	of	of	ADP
cblr-10945	27	81	associated	associated	ADJ
cblr-10945	27	82	risks	risk	NOUN
cblr-10945	27	83	at	at	ADP
cblr-10945	27	84	length	length	NOUN
cblr-10945	27	85	in	in	ADP
cblr-10945	27	86	registration	registration	NOUN
cblr-10945	28	1	statements.7	statements.7	NOUN
cblr-10945	28	2	further	far	ADV
cblr-10945	28	3	,	,	PUNCT
cblr-10945	28	4	evidence	evidence	NOUN
cblr-10945	28	5	indicates	indicate	VERB
cblr-10945	28	6	the	the	DET
cblr-10945	28	7	“	"	PUNCT
cblr-10945	28	8	average	average	ADJ
cblr-10945	28	9	investors	investor	NOUN
cblr-10945	28	10	”	"	PUNCT
cblr-10945	28	11	invoked	invoke	VERB
cblr-10945	28	12	in	in	ADP
cblr-10945	28	13	the	the	DET
cblr-10945	28	14	sec	sec	PROPN
cblr-10945	28	15	’s	’s	PART
cblr-10945	28	16	public	public	ADJ
cblr-10945	28	17	statements	statement	NOUN
cblr-10945	28	18	do	do	AUX
cblr-10945	28	19	not	not	PART
cblr-10945	28	20	even	even	ADV
cblr-10945	28	21	read	read	VERB
cblr-10945	28	22	registration	registration	NOUN
cblr-10945	28	23	statements	statement	NOUN
cblr-10945	28	24	at	at	ADP
cblr-10945	28	25	all.8	all.8	PROPN
cblr-10945	28	26	this	this	PRON
cblr-10945	28	27	all	all	PRON
cblr-10945	28	28	begs	beg	VERB
cblr-10945	28	29	the	the	DET
cblr-10945	28	30	question	question	NOUN
cblr-10945	28	31	of	of	ADP
cblr-10945	28	32	why	why	SCONJ
cblr-10945	28	33	the	the	DET
cblr-10945	28	34	sec	sec	PROPN
cblr-10945	28	35	felt	feel	VERB
cblr-10945	28	36	the	the	DET
cblr-10945	28	37	issue	issue	NOUN
cblr-10945	28	38	was	be	AUX
cblr-10945	28	39	so	so	ADV
cblr-10945	28	40	urgent	urgent	ADJ
cblr-10945	28	41	it	it	PRON
cblr-10945	28	42	needed	need	VERB
cblr-10945	28	43	to	to	PART
cblr-10945	28	44	pause	pause	VERB
cblr-10945	28	45	all	all	DET
cblr-10945	28	46	chinese	chinese	ADJ
cblr-10945	28	47	listings	listing	NOUN
cblr-10945	28	48	while	while	SCONJ
cblr-10945	28	49	it	it	PRON
cblr-10945	28	50	reformulated	reformulate	VERB
cblr-10945	28	51	disclosure	disclosure	NOUN
cblr-10945	28	52	rules	rule	NOUN
cblr-10945	28	53	when	when	SCONJ
cblr-10945	28	54	,	,	PUNCT
cblr-10945	28	55	in	in	ADP
cblr-10945	28	56	the	the	DET
cblr-10945	28	57	prior	prior	ADJ
cblr-10945	28	58	year	year	NOUN
cblr-10945	28	59	,	,	PUNCT
cblr-10945	28	60	companies	company	NOUN
cblr-10945	28	61	based	base	VERB
cblr-10945	28	62	in	in	ADP
cblr-10945	28	63	china	china	PROPN
cblr-10945	28	64	had	have	AUX
cblr-10945	28	65	raised	raise	VERB
cblr-10945	28	66	approximately	approximately	ADV
cblr-10945	28	67	$	$	SYM
cblr-10945	28	68	12	12	NUM
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cblr-10945	28	70	$	$	SYM
cblr-10945	28	71	19	19	NUM
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cblr-10945	28	79	chinese	chinese	ADJ
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cblr-10945	28	82	list	list	VERB
cblr-10945	28	83	on	on	ADP
cblr-10945	28	84	u.s	u.s	PROPN
cblr-10945	28	85	.	.	PROPN
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cblr-10945	28	87	use	use	VERB
cblr-10945	28	88	a	a	DET
cblr-10945	28	89	holding	hold	VERB
cblr-10945	28	90	company	company	NOUN
cblr-10945	28	91	to	to	PART
cblr-10945	28	92	circumvent	circumvent	VERB
cblr-10945	28	93	chinese	chinese	ADJ
cblr-10945	28	94	laws	law	NOUN
cblr-10945	28	95	prohibiting	prohibit	VERB
cblr-10945	28	96	foreign	foreign	ADJ
cblr-10945	28	97	investment	investment	NOUN
cblr-10945	28	98	in	in	ADP
cblr-10945	28	99	chinese	chinese	ADJ
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cblr-10945	28	101	and	and	CCONJ
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cblr-10945	28	103	oversight	oversight	NOUN
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cblr-10945	28	105	chinese	chinese	ADJ
cblr-10945	28	106	auditors.11	auditors.11	PROPN
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cblr-10945	28	108	see	see	VERB
cblr-10945	28	109	,	,	PUNCT
cblr-10945	28	110	e.g.	e.g.	ADV
cblr-10945	28	111	,	,	PUNCT
cblr-10945	28	112	jing	jing	PROPN
cblr-10945	28	113	yang	yang	PROPN
cblr-10945	28	114	,	,	PUNCT
cblr-10945	28	115	u.s	u.s	PROPN
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cblr-10945	28	118	chinese	chinese	ADJ
cblr-10945	28	119	regulators	regulator	NOUN
cblr-10945	28	120	are	be	AUX
cblr-10945	28	121	in	in	ADP
cblr-10945	28	122	a	a	DET
cblr-10945	28	123	bind	bind	NOUN
cblr-10945	28	124	over	over	ADP
cblr-10945	28	125	a	a	DET
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cblr-10945	29	36	;	;	PUNCT
cblr-10945	30	1	alibaba	alibaba	PROPN
cblr-10945	30	2	group	group	NOUN
cblr-10945	30	3	holding	hold	VERB
cblr-10945	30	4	limited	limited	ADJ
cblr-10945	30	5	,	,	PUNCT
cblr-10945	30	6	registration	registration	NOUN
cblr-10945	30	7	statement	statement	NOUN
cblr-10945	30	8	(	(	PUNCT
cblr-10945	30	9	form	form	NOUN
cblr-10945	30	10	f-1	f-1	NOUN
cblr-10945	30	11	)	)	PUNCT
cblr-10945	30	12	(	(	PUNCT
cblr-10945	30	13	may	may	PROPN
cblr-10945	30	14	6	6	NUM
cblr-10945	30	15	,	,	PUNCT
cblr-10945	30	16	2014	2014	NUM
cblr-10945	30	17	)	)	PUNCT
cblr-10945	30	18	,	,	PUNCT
cblr-10945	30	19	https://www.sec.gov/archives/edgar/data/1577552/000119312514184994/d7	https://www.sec.gov/archives/edgar/data/1577552/000119312514184994/d7	NOUN
cblr-10945	30	20	09111df1.htm	09111df1.htm	ADJ
cblr-10945	31	1	[	[	X
cblr-10945	31	2	https://perma.cc/dc5c-mv7d	https://perma.cc/dc5c-mv7d	X
cblr-10945	31	3	]	]	X
cblr-10945	31	4	.	.	PUNCT
cblr-10945	31	5	8	8	NUM
cblr-10945	31	6	see	see	VERB
cblr-10945	31	7	infra	infra	NOUN
cblr-10945	31	8	part	part	NOUN
cblr-10945	31	9	iii	iii	NOUN
cblr-10945	31	10	.	.	PROPN
cblr-10945	31	11	9	9	NUM
cblr-10945	31	12	karen	karen	PROPN
cblr-10945	31	13	sutter	sutter	PROPN
cblr-10945	31	14	,	,	PUNCT
cblr-10945	31	15	u.s	u.s	PROPN
cblr-10945	31	16	.	.	PROPN
cblr-10945	31	17	capital	capital	NOUN
cblr-10945	31	18	markets	market	NOUN
cblr-10945	31	19	and	and	CCONJ
cblr-10945	31	20	china	china	PROPN
cblr-10945	31	21	:	:	PUNCT
cblr-10945	31	22	issues	issue	NOUN
cblr-10945	31	23	for	for	ADP
cblr-10945	31	24	congress	congress	PROPN
cblr-10945	31	25	,	,	PUNCT
cblr-10945	31	26	cong	cong	NOUN
cblr-10945	31	27	.	.	PUNCT
cblr-10945	32	1	rsch	rsch	PROPN
cblr-10945	32	2	.	.	PUNCT
cblr-10945	33	1	serv	serv	X
cblr-10945	33	2	.	.	PUNCT
cblr-10945	34	1	(	(	PUNCT
cblr-10945	34	2	sept	sept	PROPN
cblr-10945	34	3	.	.	PROPN
cblr-10945	34	4	2	2	NUM
cblr-10945	34	5	,	,	PUNCT
cblr-10945	34	6	2021	2021	NUM
cblr-10945	34	7	)	)	PUNCT
cblr-10945	34	8	,	,	PUNCT
cblr-10945	34	9	https://sgp.fas.org/crs/row/if11803.pdf	https://sgp.fas.org/crs/row/if11803.pdf	PROPN
cblr-10945	35	1	[	[	X
cblr-10945	35	2	https://perma.cc/zq38-4mhu	https://perma.cc/zq38-4mhu	NOUN
cblr-10945	35	3	]	]	PUNCT
cblr-10945	35	4	.	.	PUNCT
cblr-10945	36	1	10	10	NUM
cblr-10945	36	2	yang	yang	PROPN
cblr-10945	36	3	,	,	PUNCT
cblr-10945	36	4	supra	supra	PROPN
cblr-10945	36	5	note	note	NOUN
cblr-10945	36	6	5	5	NUM
cblr-10945	36	7	(	(	PUNCT
cblr-10945	36	8	“	"	PUNCT
cblr-10945	36	9	vie	vie	X
cblr-10945	36	10	structures	structure	NOUN
cblr-10945	36	11	[	[	X
cblr-10945	36	12	are	be	AUX
cblr-10945	36	13	used	use	VERB
cblr-10945	36	14	]	]	PUNCT
cblr-10945	36	15	to	to	PART
cblr-10945	36	16	circumvent	circumvent	VERB
cblr-10945	36	17	chinese	chinese	ADJ
cblr-10945	36	18	restrictions	restriction	NOUN
cblr-10945	36	19	on	on	ADP
cblr-10945	36	20	foreign	foreign	ADJ
cblr-10945	36	21	investments	investment	NOUN
cblr-10945	36	22	in	in	ADP
cblr-10945	36	23	domestic	domestic	ADJ
cblr-10945	36	24	businesses	business	NOUN
cblr-10945	36	25	.	.	PUNCT
cblr-10945	36	26	”	"	PUNCT
cblr-10945	36	27	)	)	PUNCT
cblr-10945	36	28	.	.	PUNCT
cblr-10945	37	1	11	11	NUM
cblr-10945	37	2	gensler	gensler	NOUN
cblr-10945	37	3	,	,	PUNCT
cblr-10945	37	4	supra	supra	PROPN
cblr-10945	37	5	note	note	NOUN
cblr-10945	37	6	2	2	NUM
cblr-10945	37	7	.	.	PUNCT
cblr-10945	37	8	no	no	INTJ
cblr-10945	37	9	.	.	PUNCT
cblr-10945	38	1	2:1066	2:1066	NUM
cblr-10945	38	2	]	]	PUNCT
cblr-10945	38	3	the	the	DET
cblr-10945	38	4	sec	sec	PROPN
cblr-10945	38	5	’s	’s	PART
cblr-10945	38	6	vie	vie	PROPN
cblr-10945	38	7	problem	problem	NOUN
cblr-10945	38	8	1069	1069	NUM
cblr-10945	38	9	the	the	DET
cblr-10945	38	10	sec	sec	PROPN
cblr-10945	38	11	has	have	VERB
cblr-10945	38	12	a	a	DET
cblr-10945	38	13	mandate	mandate	NOUN
cblr-10945	38	14	to	to	PART
cblr-10945	38	15	craft	craft	VERB
cblr-10945	38	16	a	a	DET
cblr-10945	38	17	disclosure	disclosure	NOUN
cblr-10945	38	18	regime	regime	NOUN
cblr-10945	38	19	which	which	PRON
cblr-10945	38	20	works	work	VERB
cblr-10945	38	21	for	for	ADP
cblr-10945	38	22	the	the	DET
cblr-10945	38	23	public.12	public.12	NOUN
cblr-10945	38	24	regulators	regulator	NOUN
cblr-10945	38	25	are	be	AUX
cblr-10945	38	26	concerned	concerned	ADJ
cblr-10945	38	27	about	about	ADP
cblr-10945	38	28	the	the	DET
cblr-10945	38	29	risks	risk	NOUN
cblr-10945	38	30	vies	vie	NOUN
cblr-10945	38	31	pose	pose	VERB
cblr-10945	38	32	to	to	ADP
cblr-10945	38	33	u.s	u.s	PROPN
cblr-10945	38	34	.	.	PROPN
cblr-10945	38	35	securities	security	NOUN
cblr-10945	38	36	markets	market	NOUN
cblr-10945	38	37	.	.	PUNCT
cblr-10945	39	1	indeed	indeed	ADV
cblr-10945	39	2	,	,	PUNCT
cblr-10945	39	3	“	"	PUNCT
cblr-10945	39	4	[	[	X
cblr-10945	39	5	a]s	a]s	NOUN
cblr-10945	39	6	of	of	ADP
cblr-10945	39	7	may	may	PROPN
cblr-10945	39	8	2021	2021	NUM
cblr-10945	39	9	,	,	PUNCT
cblr-10945	39	10	there	there	PRON
cblr-10945	39	11	were	be	VERB
cblr-10945	39	12	248	248	NUM
cblr-10945	39	13	chinese	chinese	ADJ
cblr-10945	39	14	firms	firm	NOUN
cblr-10945	39	15	listed	list	VERB
cblr-10945	39	16	on	on	ADP
cblr-10945	39	17	the	the	DET
cblr-10945	39	18	three	three	NUM
cblr-10945	39	19	major	major	ADJ
cblr-10945	39	20	u.s	u.s	PROPN
cblr-10945	39	21	.	.	PROPN
cblr-10945	39	22	stock	stock	NOUN
cblr-10945	39	23	exchanges	exchange	NOUN
cblr-10945	39	24	.	.	PUNCT
cblr-10945	39	25	.	.	PUNCT
cblr-10945	39	26	.	.	PUNCT
cblr-10945	40	1	accounting	account	VERB
cblr-10945	40	2	for	for	ADP
cblr-10945	40	3	a	a	DET
cblr-10945	40	4	market	market	NOUN
cblr-10945	40	5	capitalization	capitalization	NOUN
cblr-10945	40	6	of	of	ADP
cblr-10945	40	7	$	$	SYM
cblr-10945	40	8	2.1	2.1	NUM
cblr-10945	40	9	trillion	trillion	NUM
cblr-10945	40	10	.	.	PUNCT
cblr-10945	41	1	”13	”13	NOUN
cblr-10945	41	2	these	these	DET
cblr-10945	41	3	stocks	stock	NOUN
cblr-10945	41	4	are	be	AUX
cblr-10945	41	5	subject	subject	ADJ
cblr-10945	41	6	to	to	ADP
cblr-10945	41	7	risk	risk	NOUN
cblr-10945	41	8	if	if	SCONJ
cblr-10945	41	9	chinese	chinese	ADJ
cblr-10945	41	10	regulators	regulator	NOUN
cblr-10945	41	11	determine	determine	VERB
cblr-10945	41	12	that	that	SCONJ
cblr-10945	41	13	vies	vie	NOUN
cblr-10945	41	14	violate	violate	VERB
cblr-10945	41	15	chinese	chinese	ADJ
cblr-10945	41	16	law	law	NOUN
cblr-10945	41	17	,	,	PUNCT
cblr-10945	41	18	wiping	wipe	VERB
cblr-10945	41	19	out	out	ADP
cblr-10945	41	20	their	their	PRON
cblr-10945	41	21	position	position	NOUN
cblr-10945	41	22	overnight.14	overnight.14	NOUN
cblr-10945	41	23	investors	investor	NOUN
cblr-10945	41	24	are	be	AUX
cblr-10945	41	25	also	also	ADV
cblr-10945	41	26	subject	subject	ADJ
cblr-10945	41	27	to	to	ADP
cblr-10945	41	28	jurisdictional	jurisdictional	ADJ
cblr-10945	41	29	risk	risk	NOUN
cblr-10945	41	30	,	,	PUNCT
cblr-10945	41	31	as	as	SCONJ
cblr-10945	41	32	contract	contract	NOUN
cblr-10945	41	33	disputes	dispute	NOUN
cblr-10945	41	34	may	may	AUX
cblr-10945	41	35	be	be	AUX
cblr-10945	41	36	resolved	resolve	VERB
cblr-10945	41	37	in	in	ADP
cblr-10945	41	38	a	a	DET
cblr-10945	41	39	chinese	chinese	ADJ
cblr-10945	41	40	jurisdiction	jurisdiction	NOUN
cblr-10945	41	41	,	,	PUNCT
cblr-10945	41	42	rather	rather	ADV
cblr-10945	41	43	than	than	ADP
cblr-10945	41	44	in	in	ADP
cblr-10945	41	45	the	the	DET
cblr-10945	41	46	united	united	PROPN
cblr-10945	41	47	states.15	states.15	PROPN
cblr-10945	41	48	this	this	DET
cblr-10945	41	49	risk	risk	NOUN
cblr-10945	41	50	becomes	become	VERB
cblr-10945	41	51	more	more	ADV
cblr-10945	41	52	pronounced	pronounced	ADJ
cblr-10945	41	53	because	because	SCONJ
cblr-10945	41	54	the	the	DET
cblr-10945	41	55	vie	vie	PROPN
cblr-10945	41	56	structure	structure	NOUN
cblr-10945	41	57	may	may	AUX
cblr-10945	41	58	misalign	misalign	VERB
cblr-10945	41	59	incentives	incentive	NOUN
cblr-10945	41	60	—	—	PUNCT
cblr-10945	41	61	in	in	ADP
cblr-10945	41	62	fact	fact	NOUN
cblr-10945	41	63	,	,	PUNCT
cblr-10945	41	64	“	"	PUNCT
cblr-10945	41	65	[	[	X
cblr-10945	41	66	a	a	X
cblr-10945	41	67	]	]	X
cblr-10945	41	68	dozen	dozen	NOUN
cblr-10945	41	69	u.s.-listed	u.s.-listed	ADJ
cblr-10945	41	70	chinese	chinese	ADJ
cblr-10945	41	71	internet	internet	NOUN
cblr-10945	41	72	companies	company	NOUN
cblr-10945	41	73	have	have	AUX
cblr-10945	41	74	n’t	not	PART
cblr-10945	41	75	been	be	AUX
cblr-10945	41	76	remitting	remit	VERB
cblr-10945	41	77	profits	profit	NOUN
cblr-10945	41	78	generated	generate	VERB
cblr-10945	41	79	by	by	ADP
cblr-10945	41	80	the	the	DET
cblr-10945	41	81	vies	vie	NOUN
cblr-10945	41	82	to	to	ADP
cblr-10945	41	83	the	the	DET
cblr-10945	41	84	offshore	offshore	ADV
cblr-10945	41	85	holding	hold	VERB
cblr-10945	41	86	companies	company	NOUN
cblr-10945	41	87	like	like	SCONJ
cblr-10945	41	88	they	they	PRON
cblr-10945	41	89	are	be	AUX
cblr-10945	41	90	supposed	suppose	VERB
cblr-10945	41	91	to	to	PART
cblr-10945	41	92	.	.	PUNCT
cblr-10945	42	1	”16	”16	NOUN
cblr-10945	42	2	however	however	ADV
cblr-10945	42	3	,	,	PUNCT
cblr-10945	42	4	institutional	institutional	ADJ
cblr-10945	42	5	investors	investor	NOUN
cblr-10945	42	6	comprise	comprise	VERB
cblr-10945	42	7	the	the	DET
cblr-10945	42	8	constituency	constituency	NOUN
cblr-10945	42	9	which	which	PRON
cblr-10945	42	10	should	should	AUX
cblr-10945	42	11	be	be	AUX
cblr-10945	42	12	protected	protect	VERB
cblr-10945	42	13	—	—	PUNCT
cblr-10945	42	14	in	in	ADP
cblr-10945	42	15	an	an	DET
cblr-10945	42	16	efficient	efficient	ADJ
cblr-10945	42	17	market	market	NOUN
cblr-10945	42	18	,	,	PUNCT
cblr-10945	42	19	they	they	PRON
cblr-10945	42	20	are	be	AUX
cblr-10945	42	21	the	the	DET
cblr-10945	42	22	ones	one	NOUN
cblr-10945	42	23	who	who	PRON
cblr-10945	42	24	use	use	VERB
cblr-10945	42	25	disclosure	disclosure	NOUN
cblr-10945	42	26	information	information	NOUN
cblr-10945	42	27	to	to	PART
cblr-10945	42	28	collectively	collectively	ADV
cblr-10945	42	29	determine	determine	VERB
cblr-10945	42	30	a	a	DET
cblr-10945	42	31	security	security	NOUN
cblr-10945	42	32	’s	’s	PART
cblr-10945	42	33	proper	proper	ADJ
cblr-10945	42	34	value	value	NOUN
cblr-10945	42	35	,	,	PUNCT
cblr-10945	42	36	and	and	CCONJ
cblr-10945	42	37	consequently	consequently	ADV
cblr-10945	42	38	,	,	PUNCT
cblr-10945	42	39	average	average	ADJ
cblr-10945	42	40	investors	investor	NOUN
cblr-10945	42	41	can	can	AUX
cblr-10945	42	42	not	not	PART
cblr-10945	42	43	buy	buy	VERB
cblr-10945	42	44	vie	vie	NOUN
cblr-10945	42	45	stocks	stock	NOUN
cblr-10945	42	46	for	for	ADP
cblr-10945	42	47	more	more	ADJ
cblr-10945	42	48	than	than	SCONJ
cblr-10945	42	49	they	they	PRON
cblr-10945	42	50	’re	’re	VERB
cblr-10945	42	51	worth	worth	ADJ
cblr-10945	42	52	because	because	SCONJ
cblr-10945	42	53	the	the	DET
cblr-10945	42	54	securities	security	NOUN
cblr-10945	42	55	are	be	AUX
cblr-10945	42	56	priced	price	VERB
cblr-10945	42	57	accurately.17	accurately.17	PROPN
cblr-10945	42	58	despite	despite	SCONJ
cblr-10945	42	59	its	its	PRON
cblr-10945	42	60	mandates	mandate	NOUN
cblr-10945	42	61	of	of	ADP
cblr-10945	42	62	accessibility	accessibility	NOUN
cblr-10945	42	63	,	,	PUNCT
cblr-10945	42	64	the	the	DET
cblr-10945	42	65	complex	complex	ADJ
cblr-10945	42	66	and	and	CCONJ
cblr-10945	42	67	lengthy	lengthy	ADJ
cblr-10945	42	68	documents	document	NOUN
cblr-10945	42	69	which	which	PRON
cblr-10945	42	70	are	be	AUX
cblr-10945	42	71	required	require	VERB
cblr-10945	42	72	show	show	NOUN
cblr-10945	42	73	that	that	SCONJ
cblr-10945	42	74	these	these	DET
cblr-10945	42	75	institutional	institutional	ADJ
cblr-10945	42	76	investors	investor	NOUN
cblr-10945	42	77	are	be	AUX
cblr-10945	42	78	the	the	DET
cblr-10945	42	79	ones	one	NOUN
cblr-10945	42	80	whom	whom	PRON
cblr-10945	42	81	the	the	DET
cblr-10945	42	82	sec	sec	PROPN
cblr-10945	42	83	has	have	VERB
cblr-10945	42	84	in	in	ADP
cblr-10945	42	85	mind	mind	NOUN
cblr-10945	42	86	when	when	SCONJ
cblr-10945	42	87	promulgating	promulgate	VERB
cblr-10945	42	88	rules	rule	NOUN
cblr-10945	42	89	.	.	PUNCT
cblr-10945	43	1	this	this	DET
cblr-10945	43	2	note	note	NOUN
cblr-10945	43	3	argues	argue	VERB
cblr-10945	43	4	that	that	SCONJ
cblr-10945	43	5	the	the	DET
cblr-10945	43	6	sec	sec	PROPN
cblr-10945	43	7	’s	’s	PART
cblr-10945	43	8	current	current	ADJ
cblr-10945	43	9	disclosure	disclosure	NOUN
cblr-10945	43	10	requirements	requirement	NOUN
cblr-10945	43	11	only	only	ADV
cblr-10945	43	12	make	make	VERB
cblr-10945	43	13	sense	sense	NOUN
cblr-10945	43	14	when	when	SCONJ
cblr-10945	43	15	divorced	divorce	VERB
cblr-10945	43	16	from	from	ADP
cblr-10945	43	17	the	the	DET
cblr-10945	43	18	agency	agency	NOUN
cblr-10945	43	19	’s	’s	PART
cblr-10945	43	20	rhetoric	rhetoric	NOUN
cblr-10945	43	21	.	.	PUNCT
cblr-10945	44	1	specifically	specifically	ADV
cblr-10945	44	2	,	,	PUNCT
cblr-10945	44	3	it	it	PRON
cblr-10945	44	4	proposes	propose	VERB
cblr-10945	44	5	that	that	SCONJ
cblr-10945	44	6	the	the	DET
cblr-10945	44	7	sec	sec	PROPN
cblr-10945	44	8	be	be	VERB
cblr-10945	44	9	12	12	NUM
cblr-10945	44	10	exec	exec	NOUN
cblr-10945	44	11	.	.	PUNCT
cblr-10945	45	1	order	order	NOUN
cblr-10945	45	2	no	no	INTJ
cblr-10945	45	3	.	.	NOUN
cblr-10945	45	4	13563	13563	NUM
cblr-10945	46	1	,	,	PUNCT
cblr-10945	46	2	§	§	PROPN
cblr-10945	46	3	1	1	NUM
cblr-10945	46	4	,	,	PUNCT
cblr-10945	46	5	4	4	NUM
cblr-10945	46	6	,	,	PUNCT
cblr-10945	46	7	76	76	NUM
cblr-10945	46	8	fed	fed	PROPN
cblr-10945	46	9	.	.	PUNCT
cblr-10945	47	1	reg	reg	PROPN
cblr-10945	47	2	.	.	PUNCT
cblr-10945	48	1	3821	3821	NUM
cblr-10945	48	2	-	-	SYM
cblr-10945	48	3	22	22	NUM
cblr-10945	48	4	(	(	PUNCT
cblr-10945	48	5	jan	jan	PROPN
cblr-10945	48	6	.	.	PROPN
cblr-10945	48	7	18	18	NUM
cblr-10945	48	8	,	,	PUNCT
cblr-10945	48	9	2011	2011	NUM
cblr-10945	48	10	)	)	PUNCT
cblr-10945	48	11	.	.	PUNCT
cblr-10945	49	1	(	(	PUNCT
cblr-10945	49	2	“	"	PUNCT
cblr-10945	49	3	our	our	PRON
cblr-10945	49	4	regulatory	regulatory	ADJ
cblr-10945	49	5	system	system	NOUN
cblr-10945	49	6	.	.	PUNCT
cblr-10945	49	7	.	.	PUNCT
cblr-10945	49	8	.	.	PUNCT
cblr-10945	50	1	must	must	AUX
cblr-10945	50	2	measure	measure	VERB
cblr-10945	50	3	,	,	PUNCT
cblr-10945	50	4	and	and	CCONJ
cblr-10945	50	5	seek	seek	VERB
cblr-10945	50	6	to	to	PART
cblr-10945	50	7	improve	improve	VERB
cblr-10945	50	8	,	,	PUNCT
cblr-10945	50	9	the	the	DET
cblr-10945	50	10	actual	actual	ADJ
cblr-10945	50	11	results	result	NOUN
cblr-10945	50	12	of	of	ADP
cblr-10945	50	13	regulatory	regulatory	ADJ
cblr-10945	50	14	requirements	requirement	NOUN
cblr-10945	50	15	.	.	PUNCT
cblr-10945	50	16	.	.	PUNCT
cblr-10945	50	17	.	.	PUNCT
cblr-10945	51	1	[	[	X
cblr-10945	51	2	e]ach	e]ach	NOUN
cblr-10945	51	3	agency	agency	NOUN
cblr-10945	51	4	shall	shall	AUX
cblr-10945	51	5	identify	identify	VERB
cblr-10945	51	6	and	and	CCONJ
cblr-10945	51	7	consider	consider	VERB
cblr-10945	51	8	regulatory	regulatory	ADJ
cblr-10945	51	9	approaches	approach	NOUN
cblr-10945	51	10	that	that	PRON
cblr-10945	51	11	reduce	reduce	VERB
cblr-10945	51	12	burdens	burden	NOUN
cblr-10945	51	13	and	and	CCONJ
cblr-10945	51	14	maintain	maintain	VERB
cblr-10945	51	15	flexibility	flexibility	NOUN
cblr-10945	51	16	and	and	CCONJ
cblr-10945	51	17	freedom	freedom	NOUN
cblr-10945	51	18	of	of	ADP
cblr-10945	51	19	choice	choice	NOUN
cblr-10945	51	20	for	for	ADP
cblr-10945	51	21	the	the	DET
cblr-10945	51	22	public	public	NOUN
cblr-10945	51	23	.	.	PUNCT
cblr-10945	51	24	”	"	PUNCT
cblr-10945	51	25	)	)	PUNCT
cblr-10945	51	26	.	.	PUNCT
cblr-10945	52	1	13	13	NUM
cblr-10945	52	2	sutter	sutter	NOUN
cblr-10945	52	3	,	,	PUNCT
cblr-10945	52	4	supra	supra	PROPN
cblr-10945	52	5	note	note	NOUN
cblr-10945	52	6	9	9	NUM
cblr-10945	52	7	.	.	SYM
cblr-10945	52	8	14	14	NUM
cblr-10945	52	9	chris	chris	PROPN
cblr-10945	52	10	prentice	prentice	PROPN
cblr-10945	52	11	&	&	CCONJ
cblr-10945	52	12	aurora	aurora	PROPN
cblr-10945	52	13	ellis	ellis	PROPN
cblr-10945	52	14	,	,	PUNCT
cblr-10945	52	15	u.s	u.s	PROPN
cblr-10945	52	16	.	.	PROPN
cblr-10945	52	17	sec	sec	PROPN
cblr-10945	52	18	warns	warn	VERB
cblr-10945	52	19	investors	investor	NOUN
cblr-10945	52	20	of	of	ADP
cblr-10945	52	21	risks	risk	NOUN
cblr-10945	52	22	from	from	ADP
cblr-10945	52	23	certain	certain	ADJ
cblr-10945	52	24	chinese	chinese	ADJ
cblr-10945	52	25	business	business	NOUN
cblr-10945	52	26	entities	entity	NOUN
cblr-10945	52	27	,	,	PUNCT
cblr-10945	52	28	reuters	reuters	PROPN
cblr-10945	52	29	(	(	PUNCT
cblr-10945	52	30	sept	sept	PROPN
cblr-10945	52	31	.	.	PROPN
cblr-10945	52	32	20	20	NUM
cblr-10945	52	33	,	,	PUNCT
cblr-10945	52	34	2021	2021	NUM
cblr-10945	52	35	,	,	PUNCT
cblr-10945	52	36	9:45	9:45	NUM
cblr-10945	52	37	pm	pm	NOUN
cblr-10945	52	38	)	)	PUNCT
cblr-10945	52	39	,	,	PUNCT
cblr-10945	52	40	https://www.reuters.com/business/us-sec-warns-investors-risks-certainchinese-business-entities-2021-09-20/	https://www.reuters.com/business/us-sec-warns-investors-risks-certainchinese-business-entities-2021-09-20/	PUNCT
cblr-10945	53	1	[	[	X
cblr-10945	53	2	https://perma.cc/kj4b-y758	https://perma.cc/kj4b-y758	NOUN
cblr-10945	53	3	]	]	PUNCT
cblr-10945	53	4	.	.	PUNCT
cblr-10945	54	1	15	15	NUM
cblr-10945	55	1	i	i	PRON
cblr-10945	55	2	d.	d.	PROPN
cblr-10945	55	3	16	16	NUM
cblr-10945	55	4	yang	yang	PROPN
cblr-10945	55	5	,	,	PUNCT
cblr-10945	55	6	supra	supra	PROPN
cblr-10945	55	7	note	note	NOUN
cblr-10945	55	8	5	5	NUM
cblr-10945	55	9	.	.	SYM
cblr-10945	55	10	17	17	NUM
cblr-10945	55	11	goshen	goshen	PROPN
cblr-10945	55	12	&	&	CCONJ
cblr-10945	55	13	parchomovsky	parchomovsky	PROPN
cblr-10945	55	14	,	,	PUNCT
cblr-10945	55	15	supra	supra	PROPN
cblr-10945	55	16	note	note	NOUN
cblr-10945	55	17	1	1	NUM
cblr-10945	55	18	,	,	PUNCT
cblr-10945	55	19	at	at	ADP
cblr-10945	55	20	715	715	NUM
cblr-10945	55	21	.	.	PUNCT
cblr-10945	55	22	1070	1070	NUM
cblr-10945	55	23	columbia	columbia	PROPN
cblr-10945	55	24	business	business	NOUN
cblr-10945	55	25	law	law	PROPN
cblr-10945	55	26	review	review	NOUN
cblr-10945	56	1	[	[	X
cblr-10945	56	2	vol	vol	NOUN
cblr-10945	56	3	.	.	PUNCT
cblr-10945	56	4	2022	2022	NUM
cblr-10945	56	5	more	more	ADV
cblr-10945	56	6	diligent	diligent	ADJ
cblr-10945	56	7	in	in	ADP
cblr-10945	56	8	ensuring	ensure	VERB
cblr-10945	56	9	its	its	PRON
cblr-10945	56	10	rhetoric	rhetoric	NOUN
cblr-10945	56	11	aligns	align	VERB
cblr-10945	56	12	with	with	ADP
cblr-10945	56	13	the	the	DET
cblr-10945	56	14	current	current	ADJ
cblr-10945	56	15	disclosure	disclosure	NOUN
cblr-10945	56	16	requirements	requirement	NOUN
cblr-10945	56	17	.	.	PUNCT
cblr-10945	57	1	as	as	SCONJ
cblr-10945	57	2	exemplified	exemplify	VERB
cblr-10945	57	3	by	by	ADP
cblr-10945	57	4	the	the	DET
cblr-10945	57	5	recent	recent	ADJ
cblr-10945	57	6	vie	vie	PROPN
cblr-10945	57	7	disclosure	disclosure	NOUN
cblr-10945	57	8	rule	rule	NOUN
cblr-10945	57	9	changes	change	NOUN
cblr-10945	57	10	,	,	PUNCT
cblr-10945	57	11	the	the	DET
cblr-10945	57	12	sec	sec	PROPN
cblr-10945	57	13	purports	purport	VERB
cblr-10945	57	14	to	to	PART
cblr-10945	57	15	enact	enact	VERB
cblr-10945	57	16	rules	rule	NOUN
cblr-10945	57	17	with	with	ADP
cblr-10945	57	18	average	average	ADJ
cblr-10945	57	19	investors	investor	NOUN
cblr-10945	57	20	in	in	ADP
cblr-10945	57	21	mind	mind	NOUN
cblr-10945	57	22	,	,	PUNCT
cblr-10945	57	23	but	but	CCONJ
cblr-10945	57	24	such	such	ADJ
cblr-10945	57	25	rules	rule	NOUN
cblr-10945	57	26	create	create	VERB
cblr-10945	57	27	a	a	DET
cblr-10945	57	28	disclosure	disclosure	NOUN
cblr-10945	57	29	regime	regime	NOUN
cblr-10945	57	30	incomprehensible	incomprehensible	ADJ
cblr-10945	57	31	to	to	ADP
cblr-10945	57	32	retail	retail	ADJ
cblr-10945	57	33	investors	investor	NOUN
cblr-10945	57	34	.	.	PUNCT
cblr-10945	58	1	the	the	DET
cblr-10945	58	2	agency	agency	NOUN
cblr-10945	58	3	is	be	AUX
cblr-10945	58	4	right	right	ADJ
cblr-10945	58	5	that	that	SCONJ
cblr-10945	58	6	traditional	traditional	ADJ
cblr-10945	58	7	disclosure	disclosure	NOUN
cblr-10945	58	8	requirements	requirement	NOUN
cblr-10945	58	9	fail	fail	VERB
cblr-10945	58	10	to	to	PART
cblr-10945	58	11	properly	properly	ADV
cblr-10945	58	12	apprise	apprise	VERB
cblr-10945	58	13	investors	investor	NOUN
cblr-10945	58	14	of	of	ADP
cblr-10945	58	15	the	the	DET
cblr-10945	58	16	risks	risk	NOUN
cblr-10945	58	17	inherent	inherent	ADJ
cblr-10945	58	18	to	to	ADP
cblr-10945	58	19	the	the	DET
cblr-10945	58	20	vie	vie	PROPN
cblr-10945	58	21	structure	structure	NOUN
cblr-10945	58	22	.	.	PUNCT
cblr-10945	59	1	however	however	ADV
cblr-10945	59	2	,	,	PUNCT
cblr-10945	59	3	without	without	ADP
cblr-10945	59	4	fundamentally	fundamentally	ADV
cblr-10945	59	5	changing	change	VERB
cblr-10945	59	6	investor	investor	NOUN
cblr-10945	59	7	protection	protection	NOUN
cblr-10945	59	8	mechanisms	mechanism	NOUN
cblr-10945	59	9	which	which	PRON
cblr-10945	59	10	revolve	revolve	VERB
cblr-10945	59	11	primarily	primarily	ADV
cblr-10945	59	12	around	around	ADP
cblr-10945	59	13	risk	risk	NOUN
cblr-10945	59	14	disclosures	disclosure	NOUN
cblr-10945	59	15	in	in	ADP
cblr-10945	59	16	proxy	proxy	ADJ
cblr-10945	59	17	materials	material	NOUN
cblr-10945	59	18	and	and	CCONJ
cblr-10945	59	19	annual	annual	ADJ
cblr-10945	59	20	reports	report	NOUN
cblr-10945	59	21	,	,	PUNCT
cblr-10945	59	22	the	the	DET
cblr-10945	59	23	sec	sec	PROPN
cblr-10945	59	24	’s	’s	PART
cblr-10945	59	25	rule	rule	NOUN
cblr-10945	59	26	changes	change	NOUN
cblr-10945	59	27	do	do	AUX
cblr-10945	59	28	not	not	PART
cblr-10945	59	29	serve	serve	VERB
cblr-10945	59	30	the	the	DET
cblr-10945	59	31	interests	interest	NOUN
cblr-10945	59	32	of	of	ADP
cblr-10945	59	33	retail	retail	ADJ
cblr-10945	59	34	investors	investor	NOUN
cblr-10945	59	35	.	.	PUNCT
cblr-10945	60	1	thus	thus	ADV
cblr-10945	60	2	,	,	PUNCT
cblr-10945	60	3	the	the	DET
cblr-10945	60	4	sec	sec	PROPN
cblr-10945	60	5	’s	’s	PART
cblr-10945	60	6	disclosure	disclosure	NOUN
cblr-10945	60	7	regime	regime	NOUN
cblr-10945	60	8	is	be	AUX
cblr-10945	60	9	,	,	PUNCT
cblr-10945	60	10	and	and	CCONJ
cblr-10945	60	11	indeed	indeed	ADV
cblr-10945	60	12	should	should	AUX
cblr-10945	60	13	be	be	AUX
cblr-10945	60	14	,	,	PUNCT
cblr-10945	60	15	crafted	craft	VERB
cblr-10945	60	16	with	with	ADP
cblr-10945	60	17	professional	professional	ADJ
cblr-10945	60	18	investors	investor	NOUN
cblr-10945	60	19	in	in	ADP
cblr-10945	60	20	mind	mind	NOUN
cblr-10945	60	21	—	—	PUNCT
cblr-10945	60	22	as	as	SCONJ
cblr-10945	60	23	the	the	DET
cblr-10945	60	24	sec	sec	PROPN
cblr-10945	60	25	works	work	VERB
cblr-10945	60	26	to	to	PART
cblr-10945	60	27	enhance	enhance	VERB
cblr-10945	60	28	transparency	transparency	NOUN
cblr-10945	60	29	,	,	PUNCT
cblr-10945	60	30	the	the	DET
cblr-10945	60	31	agency	agency	NOUN
cblr-10945	60	32	should	should	AUX
cblr-10945	60	33	strive	strive	VERB
cblr-10945	60	34	to	to	PART
cblr-10945	60	35	ensure	ensure	VERB
cblr-10945	60	36	its	its	PRON
cblr-10945	60	37	rhetoric	rhetoric	NOUN
cblr-10945	60	38	aligns	align	VERB
cblr-10945	60	39	with	with	ADP
cblr-10945	60	40	the	the	DET
cblr-10945	60	41	actions	action	NOUN
cblr-10945	60	42	it	it	PRON
cblr-10945	60	43	takes.18	takes.18	PROPN
cblr-10945	60	44	ii	ii	PROPN
cblr-10945	60	45	.	.	PUNCT
cblr-10945	61	1	legal	legal	ADJ
cblr-10945	61	2	and	and	CCONJ
cblr-10945	61	3	regulatory	regulatory	ADJ
cblr-10945	61	4	background	background	NOUN
cblr-10945	61	5	since	since	SCONJ
cblr-10945	61	6	its	its	PRON
cblr-10945	61	7	inception	inception	NOUN
cblr-10945	61	8	,	,	PUNCT
cblr-10945	61	9	the	the	DET
cblr-10945	61	10	sec	sec	PROPN
cblr-10945	61	11	’s	’s	PART
cblr-10945	61	12	primary	primary	ADJ
cblr-10945	61	13	method	method	NOUN
cblr-10945	61	14	of	of	ADP
cblr-10945	61	15	investor	investor	NOUN
cblr-10945	61	16	protection	protection	NOUN
cblr-10945	61	17	has	have	AUX
cblr-10945	61	18	been	be	AUX
cblr-10945	61	19	disclosure.19	disclosure.19	NOUN
cblr-10945	61	20	as	as	SCONJ
cblr-10945	61	21	one	one	NUM
cblr-10945	61	22	scholar	scholar	NOUN
cblr-10945	61	23	puts	put	VERB
cblr-10945	61	24	it	it	PRON
cblr-10945	61	25	,	,	PUNCT
cblr-10945	61	26	“	"	PUNCT
cblr-10945	61	27	[	[	X
cblr-10945	61	28	s]ecurities	s]ecuritie	NOUN
cblr-10945	61	29	regulation	regulation	NOUN
cblr-10945	61	30	is	be	AUX
cblr-10945	61	31	motivated	motivate	VERB
cblr-10945	61	32	by	by	ADP
cblr-10945	61	33	the	the	DET
cblr-10945	61	34	assumption	assumption	NOUN
cblr-10945	61	35	that	that	SCONJ
cblr-10945	61	36	more	more	ADJ
cblr-10945	61	37	information	information	NOUN
cblr-10945	61	38	is	be	AUX
cblr-10945	61	39	better	well	ADJ
cblr-10945	61	40	than	than	ADP
cblr-10945	61	41	less	less	ADJ
cblr-10945	61	42	.	.	PUNCT
cblr-10945	62	1	”20	”20	NOUN
cblr-10945	62	2	in	in	ADP
cblr-10945	62	3	regulating	regulate	VERB
cblr-10945	62	4	corporate	corporate	ADJ
cblr-10945	62	5	behavior	behavior	NOUN
cblr-10945	62	6	through	through	ADP
cblr-10945	62	7	a	a	DET
cblr-10945	62	8	regime	regime	NOUN
cblr-10945	62	9	of	of	ADP
cblr-10945	62	10	disclosure	disclosure	NOUN
cblr-10945	62	11	obligations	obligation	NOUN
cblr-10945	62	12	,	,	PUNCT
cblr-10945	62	13	investors	investor	NOUN
cblr-10945	62	14	can	can	AUX
cblr-10945	62	15	choose	choose	VERB
cblr-10945	62	16	for	for	ADP
cblr-10945	62	17	themselves	themselves	PRON
cblr-10945	62	18	which	which	DET
cblr-10945	62	19	corporate	corporate	ADJ
cblr-10945	62	20	actions	action	NOUN
cblr-10945	62	21	they	they	PRON
cblr-10945	62	22	find	find	VERB
cblr-10945	62	23	palatable.21	palatable.21	NOUN
cblr-10945	62	24	the	the	DET
cblr-10945	62	25	current	current	ADJ
cblr-10945	62	26	regulatory	regulatory	ADJ
cblr-10945	62	27	framework	framework	NOUN
cblr-10945	62	28	for	for	ADP
cblr-10945	62	29	vies	vie	NOUN
cblr-10945	62	30	exists	exist	VERB
cblr-10945	62	31	in	in	ADP
cblr-10945	62	32	a	a	DET
cblr-10945	62	33	kind	kind	NOUN
cblr-10945	62	34	of	of	ADP
cblr-10945	62	35	limbo	limbo	NOUN
cblr-10945	62	36	between	between	ADP
cblr-10945	62	37	the	the	DET
cblr-10945	62	38	competing	compete	VERB
cblr-10945	62	39	interests	interest	NOUN
cblr-10945	62	40	of	of	ADP
cblr-10945	62	41	chinese	chinese	ADJ
cblr-10945	62	42	and	and	CCONJ
cblr-10945	62	43	american	american	ADJ
cblr-10945	62	44	financial	financial	ADJ
cblr-10945	62	45	regulators	regulator	NOUN
cblr-10945	62	46	.	.	PUNCT
cblr-10945	63	1	chinese	chinese	ADJ
cblr-10945	63	2	officials	official	NOUN
cblr-10945	63	3	want	want	VERB
cblr-10945	63	4	to	to	PART
cblr-10945	63	5	protect	protect	VERB
cblr-10945	63	6	national	national	ADJ
cblr-10945	63	7	security	security	NOUN
cblr-10945	63	8	interests	interest	NOUN
cblr-10945	63	9	by	by	ADP
cblr-10945	63	10	disallowing	disallow	VERB
cblr-10945	63	11	foreign	foreign	ADJ
cblr-10945	63	12	ownership	ownership	NOUN
cblr-10945	63	13	of	of	ADP
cblr-10945	63	14	chinese	chinese	ADJ
cblr-10945	63	15	companies	company	NOUN
cblr-10945	63	16	in	in	ADP
cblr-10945	63	17	sensitive	sensitive	ADJ
cblr-10945	63	18	sectors	sector	NOUN
cblr-10945	63	19	;	;	PUNCT
cblr-10945	63	20	however	however	ADV
cblr-10945	63	21	,	,	PUNCT
cblr-10945	63	22	they	they	PRON
cblr-10945	63	23	also	also	ADV
cblr-10945	63	24	want	want	VERB
cblr-10945	63	25	those	those	DET
cblr-10945	63	26	same	same	ADJ
cblr-10945	63	27	companies	company	NOUN
cblr-10945	63	28	to	to	PART
cblr-10945	63	29	be	be	AUX
cblr-10945	63	30	able	able	ADJ
cblr-10945	63	31	to	to	PART
cblr-10945	63	32	access	access	VERB
cblr-10945	63	33	the	the	DET
cblr-10945	63	34	18	18	NUM
cblr-10945	63	35	see	see	NOUN
cblr-10945	63	36	jay	jay	PROPN
cblr-10945	63	37	clayton	clayton	PROPN
cblr-10945	63	38	,	,	PUNCT
cblr-10945	63	39	chairman	chairman	NOUN
cblr-10945	63	40	,	,	PUNCT
cblr-10945	63	41	sec	sec	PROPN
cblr-10945	64	1	.	.	PROPN
cblr-10945	64	2	exch	exch	PROPN
cblr-10945	64	3	.	.	PUNCT
cblr-10945	65	1	comm’n	comm’n	NOUN
cblr-10945	65	2	,	,	PUNCT
cblr-10945	65	3	remarks	remark	NOUN
cblr-10945	65	4	at	at	ADP
cblr-10945	65	5	the	the	DET
cblr-10945	65	6	pli	pli	PROPN
cblr-10945	65	7	49th	49th	PROPN
cblr-10945	65	8	annual	annual	ADJ
cblr-10945	65	9	institute	institute	NOUN
cblr-10945	65	10	on	on	ADP
cblr-10945	65	11	securities	security	NOUN
cblr-10945	65	12	regulation	regulation	NOUN
cblr-10945	65	13	(	(	PUNCT
cblr-10945	65	14	nov	nov	PROPN
cblr-10945	65	15	.	.	PROPN
cblr-10945	65	16	8	8	NUM
cblr-10945	65	17	,	,	PUNCT
cblr-10945	65	18	2017	2017	NUM
cblr-10945	65	19	)	)	PUNCT
cblr-10945	65	20	.	.	PUNCT
cblr-10945	66	1	19	19	NUM
cblr-10945	66	2	susanna	susanna	PROPN
cblr-10945	66	3	kim	kim	PROPN
cblr-10945	66	4	ripken	ripken	PROPN
cblr-10945	66	5	,	,	PUNCT
cblr-10945	66	6	the	the	DET
cblr-10945	66	7	dangers	danger	NOUN
cblr-10945	66	8	and	and	CCONJ
cblr-10945	66	9	drawbacks	drawback	NOUN
cblr-10945	66	10	of	of	ADP
cblr-10945	66	11	the	the	DET
cblr-10945	66	12	disclosure	disclosure	NOUN
cblr-10945	66	13	antidote	antidote	NOUN
cblr-10945	66	14	:	:	PUNCT
cblr-10945	66	15	toward	toward	ADP
cblr-10945	66	16	a	a	DET
cblr-10945	66	17	more	more	ADV
cblr-10945	66	18	substantive	substantive	ADJ
cblr-10945	66	19	approach	approach	NOUN
cblr-10945	66	20	to	to	ADP
cblr-10945	66	21	securities	security	NOUN
cblr-10945	66	22	regulation	regulation	NOUN
cblr-10945	66	23	,	,	PUNCT
cblr-10945	66	24	58	58	NUM
cblr-10945	66	25	baylor	baylor	PROPN
cblr-10945	66	26	l.	l.	PROPN
cblr-10945	66	27	rev	rev	PROPN
cblr-10945	66	28	.	.	PROPN
cblr-10945	66	29	139	139	NUM
cblr-10945	66	30	,	,	PUNCT
cblr-10945	66	31	150–51	150–51	NUM
cblr-10945	66	32	(	(	PUNCT
cblr-10945	66	33	2006	2006	NUM
cblr-10945	66	34	)	)	PUNCT
cblr-10945	66	35	.	.	PUNCT
cblr-10945	67	1	20	20	NUM
cblr-10945	68	1	i	i	PRON
cblr-10945	68	2	d.	d.	NOUN
cblr-10945	68	3	at	at	ADP
cblr-10945	68	4	147	147	NUM
cblr-10945	68	5	.	.	PUNCT
cblr-10945	68	6	21	21	NUM
cblr-10945	69	1	i	i	PRON
cblr-10945	69	2	d.	d.	PROPN
cblr-10945	69	3	at	at	ADP
cblr-10945	69	4	151	151	NUM
cblr-10945	69	5	(	(	PUNCT
cblr-10945	69	6	“	"	PUNCT
cblr-10945	69	7	so	so	ADV
cblr-10945	69	8	long	long	ADV
cblr-10945	69	9	as	as	SCONJ
cblr-10945	69	10	corporations	corporation	NOUN
cblr-10945	69	11	disclosed	disclose	VERB
cblr-10945	69	12	all	all	DET
cblr-10945	69	13	material	material	ADJ
cblr-10945	69	14	information	information	NOUN
cblr-10945	69	15	about	about	ADP
cblr-10945	69	16	their	their	PRON
cblr-10945	69	17	operations	operation	NOUN
cblr-10945	69	18	and	and	CCONJ
cblr-10945	69	19	their	their	PRON
cblr-10945	69	20	securities	security	NOUN
cblr-10945	69	21	,	,	PUNCT
cblr-10945	69	22	investors	investor	NOUN
cblr-10945	69	23	could	could	AUX
cblr-10945	69	24	make	make	VERB
cblr-10945	69	25	their	their	PRON
cblr-10945	69	26	own	own	ADJ
cblr-10945	69	27	investment	investment	NOUN
cblr-10945	69	28	decisions	decision	NOUN
cblr-10945	69	29	.	.	PUNCT
cblr-10945	69	30	”	"	PUNCT
cblr-10945	69	31	)	)	PUNCT
cblr-10945	69	32	.	.	PUNCT
cblr-10945	70	1	no	no	INTJ
cblr-10945	70	2	.	.	PUNCT
cblr-10945	71	1	2:1066	2:1066	NUM
cblr-10945	71	2	]	]	PUNCT
cblr-10945	71	3	the	the	DET
cblr-10945	71	4	sec	sec	PROPN
cblr-10945	71	5	’s	’s	PART
cblr-10945	71	6	vie	vie	PROPN
cblr-10945	71	7	problem	problem	NOUN
cblr-10945	71	8	1071	1071	NUM
cblr-10945	71	9	capital	capital	NOUN
cblr-10945	71	10	they	they	PRON
cblr-10945	71	11	need	need	VERB
cblr-10945	71	12	to	to	PART
cblr-10945	71	13	operate	operate	VERB
cblr-10945	71	14	successfully.22	successfully.22	PROPN
cblr-10945	71	15	u.s	u.s	PROPN
cblr-10945	71	16	.	.	PROPN
cblr-10945	71	17	regulators	regulator	NOUN
cblr-10945	71	18	want	want	VERB
cblr-10945	71	19	to	to	PART
cblr-10945	71	20	allow	allow	VERB
cblr-10945	71	21	investors	investor	NOUN
cblr-10945	71	22	to	to	PART
cblr-10945	71	23	take	take	VERB
cblr-10945	71	24	part	part	NOUN
cblr-10945	71	25	in	in	ADP
cblr-10945	71	26	the	the	DET
cblr-10945	71	27	growth	growth	NOUN
cblr-10945	71	28	potential	potential	NOUN
cblr-10945	71	29	of	of	ADP
cblr-10945	71	30	chinese	chinese	ADJ
cblr-10945	71	31	companies	company	NOUN
cblr-10945	71	32	while	while	SCONJ
cblr-10945	71	33	adequately	adequately	ADV
cblr-10945	71	34	protecting	protect	VERB
cblr-10945	71	35	those	those	DET
cblr-10945	71	36	investors	investor	NOUN
cblr-10945	71	37	who	who	PRON
cblr-10945	71	38	may	may	AUX
cblr-10945	71	39	be	be	AUX
cblr-10945	71	40	unaware	unaware	ADJ
cblr-10945	71	41	of	of	ADP
cblr-10945	71	42	the	the	DET
cblr-10945	71	43	risks	risk	NOUN
cblr-10945	71	44	which	which	PRON
cblr-10945	71	45	stem	stem	VERB
cblr-10945	71	46	from	from	ADP
cblr-10945	71	47	regulation	regulation	NOUN
cblr-10945	71	48	promulgated	promulgate	VERB
cblr-10945	71	49	by	by	ADP
cblr-10945	71	50	the	the	DET
cblr-10945	71	51	people	people	NOUN
cblr-10945	71	52	’s	’s	PART
cblr-10945	71	53	republic	republic	NOUN
cblr-10945	71	54	of	of	ADP
cblr-10945	71	55	china	china	PROPN
cblr-10945	71	56	(	(	PUNCT
cblr-10945	71	57	prc).23	prc).23	NOUN
cblr-10945	71	58	understanding	understand	VERB
cblr-10945	71	59	the	the	DET
cblr-10945	71	60	regulatory	regulatory	ADJ
cblr-10945	71	61	regime	regime	NOUN
cblr-10945	71	62	in	in	ADP
cblr-10945	71	63	each	each	DET
cblr-10945	71	64	country	country	NOUN
cblr-10945	71	65	illuminates	illuminate	VERB
cblr-10945	71	66	the	the	DET
cblr-10945	71	67	underlying	underlie	VERB
cblr-10945	71	68	tensions	tension	NOUN
cblr-10945	71	69	.	.	PUNCT
cblr-10945	72	1	a.	a.	NOUN
cblr-10945	72	2	regulatory	regulatory	ADJ
cblr-10945	72	3	background	background	NOUN
cblr-10945	72	4	in	in	ADP
cblr-10945	72	5	china	china	PROPN
cblr-10945	72	6	china	china	PROPN
cblr-10945	72	7	restricts	restrict	VERB
cblr-10945	72	8	foreigners	foreigner	NOUN
cblr-10945	72	9	from	from	ADP
cblr-10945	72	10	investing	invest	VERB
cblr-10945	72	11	in	in	ADP
cblr-10945	72	12	chinese	chinese	ADJ
cblr-10945	72	13	companies	company	NOUN
cblr-10945	72	14	that	that	PRON
cblr-10945	72	15	operate	operate	VERB
cblr-10945	72	16	in	in	ADP
cblr-10945	72	17	certain	certain	ADJ
cblr-10945	72	18	“	"	PUNCT
cblr-10945	72	19	sensitive	sensitive	ADJ
cblr-10945	72	20	”	"	PUNCT
cblr-10945	72	21	sectors	sector	NOUN
cblr-10945	72	22	,	,	PUNCT
cblr-10945	72	23	with	with	ADP
cblr-10945	72	24	different	different	ADJ
cblr-10945	72	25	limitations	limitation	NOUN
cblr-10945	72	26	applying	apply	VERB
cblr-10945	72	27	to	to	ADP
cblr-10945	72	28	different	different	ADJ
cblr-10945	72	29	sectors.24	sectors.24	NOUN
cblr-10945	72	30	the	the	DET
cblr-10945	72	31	country	country	NOUN
cblr-10945	72	32	’s	’s	PART
cblr-10945	72	33	“	"	PUNCT
cblr-10945	72	34	foreign	foreign	ADJ
cblr-10945	72	35	investment	investment	NOUN
cblr-10945	72	36	law	law	NOUN
cblr-10945	72	37	”	"	PUNCT
cblr-10945	72	38	spells	spell	VERB
cblr-10945	72	39	out	out	ADP
cblr-10945	72	40	what	what	PRON
cblr-10945	72	41	restrictions	restriction	NOUN
cblr-10945	72	42	apply	apply	VERB
cblr-10945	72	43	to	to	ADP
cblr-10945	72	44	which	which	PRON
cblr-10945	72	45	sectors25	sectors25	NOUN
cblr-10945	72	46	and	and	CCONJ
cblr-10945	72	47	theoretically	theoretically	ADV
cblr-10945	72	48	bans	ban	VERB
cblr-10945	72	49	any	any	DET
cblr-10945	72	50	foreign	foreign	ADJ
cblr-10945	72	51	equity	equity	NOUN
cblr-10945	72	52	ownership	ownership	NOUN
cblr-10945	72	53	of	of	ADP
cblr-10945	72	54	internet	internet	NOUN
cblr-10945	72	55	companies	company	NOUN
cblr-10945	72	56	,	,	PUNCT
cblr-10945	72	57	a	a	DET
cblr-10945	72	58	category	category	NOUN
cblr-10945	72	59	which	which	PRON
cblr-10945	72	60	includes	include	VERB
cblr-10945	72	61	some	some	DET
cblr-10945	72	62	the	the	DET
cblr-10945	72	63	country	country	NOUN
cblr-10945	72	64	’s	’s	PART
cblr-10945	72	65	largest	large	ADJ
cblr-10945	72	66	companies	company	NOUN
cblr-10945	72	67	,	,	PUNCT
cblr-10945	72	68	such	such	ADJ
cblr-10945	72	69	as	as	ADP
cblr-10945	72	70	alibaba	alibaba	PROPN
cblr-10945	72	71	,	,	PUNCT
cblr-10945	72	72	jd.com	jd.com	PROPN
cblr-10945	72	73	,	,	PUNCT
cblr-10945	72	74	and	and	CCONJ
cblr-10945	72	75	tencent.26	tencent.26	PRON
cblr-10945	72	76	however	however	ADV
cblr-10945	72	77	,	,	PUNCT
cblr-10945	72	78	these	these	DET
cblr-10945	72	79	restrictions	restriction	NOUN
cblr-10945	72	80	have	have	AUX
cblr-10945	72	81	not	not	PART
cblr-10945	72	82	stopped	stop	VERB
cblr-10945	72	83	chinese	chinese	ADJ
cblr-10945	72	84	companies	company	NOUN
cblr-10945	72	85	from	from	ADP
cblr-10945	72	86	listing	list	VERB
cblr-10945	72	87	on	on	ADP
cblr-10945	72	88	u.s	u.s	PROPN
cblr-10945	72	89	.	.	PROPN
cblr-10945	72	90	and	and	CCONJ
cblr-10945	72	91	other	other	ADJ
cblr-10945	72	92	foreign	foreign	ADJ
cblr-10945	72	93	exchanges.27	exchanges.27	PROPN
cblr-10945	72	94	the	the	DET
cblr-10945	72	95	country	country	NOUN
cblr-10945	72	96	’s	’s	PART
cblr-10945	72	97	major	major	ADJ
cblr-10945	72	98	industries	industry	NOUN
cblr-10945	72	99	have	have	AUX
cblr-10945	72	100	long	long	ADV
cblr-10945	72	101	wanted	want	VERB
cblr-10945	72	102	access	access	NOUN
cblr-10945	72	103	to	to	ADP
cblr-10945	72	104	foreign	foreign	ADJ
cblr-10945	72	105	capital	capital	NOUN
cblr-10945	72	106	,	,	PUNCT
cblr-10945	72	107	and	and	CCONJ
cblr-10945	72	108	in	in	ADP
cblr-10945	72	109	the	the	DET
cblr-10945	72	110	mid-1990s	mid-1990	NOUN
cblr-10945	72	111	,	,	PUNCT
cblr-10945	72	112	the	the	DET
cblr-10945	72	113	“	"	PUNCT
cblr-10945	72	114	china	china	ADJ
cblr-10945	72	115	-	-	PUNCT
cblr-10945	72	116	chinaforeign	chinaforeign	NOUN
cblr-10945	72	117	”	"	PUNCT
cblr-10945	72	118	(	(	PUNCT
cblr-10945	72	119	ccf	ccf	PROPN
cblr-10945	72	120	)	)	PUNCT
cblr-10945	72	121	model	model	NOUN
cblr-10945	72	122	was	be	AUX
cblr-10945	72	123	pioneered	pioneer	VERB
cblr-10945	72	124	by	by	ADP
cblr-10945	72	125	a	a	DET
cblr-10945	72	126	chinese	chinese	ADJ
cblr-10945	72	127	telecommunications	telecommunication	NOUN
cblr-10945	72	128	company	company	NOUN
cblr-10945	72	129	called	call	VERB
cblr-10945	72	130	unicom.28	unicom.28	NOUN
cblr-10945	72	131	in	in	ADP
cblr-10945	72	132	need	need	NOUN
cblr-10945	72	133	of	of	ADP
cblr-10945	72	134	22	22	NUM
cblr-10945	72	135	yang	yang	PROPN
cblr-10945	72	136	,	,	PUNCT
cblr-10945	72	137	supra	supra	PROPN
cblr-10945	72	138	note	note	NOUN
cblr-10945	72	139	5	5	NUM
cblr-10945	72	140	(	(	PUNCT
cblr-10945	72	141	“	"	PUNCT
cblr-10945	72	142	chinese	chinese	ADJ
cblr-10945	72	143	officials	official	NOUN
cblr-10945	72	144	.	.	PUNCT
cblr-10945	72	145	.	.	PUNCT
cblr-10945	72	146	.	.	PUNCT
cblr-10945	73	1	[	[	X
cblr-10945	73	2	are	be	AUX
cblr-10945	73	3	]	]	X
cblr-10945	73	4	concerned	concerned	ADJ
cblr-10945	73	5	about	about	ADP
cblr-10945	73	6	shutting	shut	VERB
cblr-10945	73	7	down	down	ADP
cblr-10945	73	8	an	an	DET
cblr-10945	73	9	avenue	avenue	NOUN
cblr-10945	73	10	that	that	PRON
cblr-10945	73	11	let[s	let[	VERB
cblr-10945	73	12	]	]	X
cblr-10945	73	13	chinese	chinese	ADJ
cblr-10945	73	14	companies	company	NOUN
cblr-10945	73	15	—	—	PUNCT
cblr-10945	73	16	and	and	CCONJ
cblr-10945	73	17	by	by	ADP
cblr-10945	73	18	extension	extension	NOUN
cblr-10945	73	19	the	the	DET
cblr-10945	73	20	chinese	chinese	ADJ
cblr-10945	73	21	economy	economy	NOUN
cblr-10945	73	22	benefit	benefit	NOUN
cblr-10945	73	23	—	—	PUNCT
cblr-10945	73	24	from	from	ADP
cblr-10945	73	25	foreign	foreign	ADJ
cblr-10945	73	26	capital	capital	NOUN
cblr-10945	73	27	.	.	PUNCT
cblr-10945	73	28	”	"	PUNCT
cblr-10945	73	29	)	)	PUNCT
cblr-10945	73	30	.	.	PUNCT
cblr-10945	74	1	23	23	NUM
cblr-10945	74	2	see	see	VERB
cblr-10945	74	3	,	,	PUNCT
cblr-10945	74	4	e.g.	e.g.	ADV
cblr-10945	74	5	,	,	PUNCT
cblr-10945	74	6	gensler	gensler	NOUN
cblr-10945	74	7	,	,	PUNCT
cblr-10945	74	8	supra	supra	PROPN
cblr-10945	74	9	note	note	NOUN
cblr-10945	74	10	2	2	NUM
cblr-10945	74	11	.	.	NUM
cblr-10945	74	12	24	24	NUM
cblr-10945	74	13	yang	yang	PROPN
cblr-10945	74	14	,	,	PUNCT
cblr-10945	74	15	supra	supra	PROPN
cblr-10945	74	16	note	note	NOUN
cblr-10945	74	17	5	5	NUM
cblr-10945	74	18	.	.	SYM
cblr-10945	74	19	25	25	NUM
cblr-10945	74	20	china	china	PROPN
cblr-10945	74	21	further	far	ADV
cblr-10945	74	22	opens	open	VERB
cblr-10945	74	23	its	its	PRON
cblr-10945	74	24	market	market	NOUN
cblr-10945	74	25	with	with	ADP
cblr-10945	74	26	new	new	ADJ
cblr-10945	74	27	“	"	PUNCT
cblr-10945	74	28	foreign	foreign	ADJ
cblr-10945	74	29	investment	investment	NOUN
cblr-10945	74	30	law	law	NOUN
cblr-10945	74	31	”	"	PUNCT
cblr-10945	74	32	,	,	PUNCT
cblr-10945	74	33	jones	jones	PROPN
cblr-10945	74	34	day	day	PROPN
cblr-10945	74	35	(	(	PUNCT
cblr-10945	74	36	feb	feb	PROPN
cblr-10945	74	37	.	.	PROPN
cblr-10945	74	38	2020	2020	NUM
cblr-10945	74	39	)	)	PUNCT
cblr-10945	74	40	,	,	PUNCT
cblr-10945	74	41	https://www.jonesday.com/en/insights/2020/02/chinas-new-foreigninvestment-law	https://www.jonesday.com/en/insights/2020/02/chinas-new-foreigninvestment-law	X
cblr-10945	75	1	[	[	X
cblr-10945	75	2	https://perma.cc/9r5s-s5pw	https://perma.cc/9r5s-s5pw	X
cblr-10945	75	3	]	]	PUNCT
cblr-10945	75	4	.	.	PUNCT
cblr-10945	76	1	26	26	NUM
cblr-10945	76	2	china	china	PROPN
cblr-10945	76	3	considers	consider	VERB
cblr-10945	76	4	closing	closing	NOUN
cblr-10945	76	5	loophole	loophole	NOUN
cblr-10945	76	6	used	use	VERB
cblr-10945	76	7	by	by	ADP
cblr-10945	76	8	tech	tech	NOUN
cblr-10945	76	9	giants	giant	NOUN
cblr-10945	76	10	for	for	ADP
cblr-10945	76	11	u.s	u.s	PROPN
cblr-10945	76	12	.	.	PROPN
cblr-10945	76	13	ipos	ipos	PROPN
cblr-10945	76	14	,	,	PUNCT
cblr-10945	76	15	bloomberg	bloomberg	PROPN
cblr-10945	76	16	(	(	PUNCT
cblr-10945	76	17	july	july	PROPN
cblr-10945	76	18	7	7	NUM
cblr-10945	76	19	,	,	PUNCT
cblr-10945	76	20	2021	2021	NUM
cblr-10945	76	21	)	)	PUNCT
cblr-10945	76	22	,	,	PUNCT
cblr-10945	76	23	https://www.bloomberg.com/news/articles/2021-07-07/china-mulls-closingloophole-used-by-tech-giants-for-u-s-ipos	https://www.bloomberg.com/news/articles/2021-07-07/china-mulls-closingloophole-used-by-tech-giants-for-u-s-ipos	NOUN
cblr-10945	77	1	[	[	X
cblr-10945	77	2	https://perma.cc/ak7j-zl8k	https://perma.cc/ak7j-zl8k	X
cblr-10945	77	3	]	]	X
cblr-10945	77	4	.	.	PUNCT
cblr-10945	78	1	27	27	NUM
cblr-10945	79	1	i	i	PRON
cblr-10945	79	2	d.	d.	PROPN
cblr-10945	79	3	28	28	NUM
cblr-10945	79	4	marcia	marcia	PROPN
cblr-10945	79	5	ellis	ellis	PROPN
cblr-10945	79	6	,	,	PUNCT
cblr-10945	79	7	gordon	gordon	PROPN
cblr-10945	79	8	milner	milner	PROPN
cblr-10945	79	9	&	&	CCONJ
cblr-10945	79	10	mark	mark	PROPN
cblr-10945	79	11	hu	hu	PROPN
cblr-10945	79	12	,	,	PUNCT
cblr-10945	79	13	the	the	DET
cblr-10945	79	14	vie	vie	PROPN
cblr-10945	79	15	structure	structure	NOUN
cblr-10945	79	16	:	:	PUNCT
cblr-10945	79	17	past	past	ADJ
cblr-10945	79	18	,	,	PUNCT
cblr-10945	79	19	present	present	ADJ
cblr-10945	79	20	and	and	CCONJ
cblr-10945	79	21	future	future	ADJ
cblr-10945	79	22	–	–	PUNCT
cblr-10945	79	23	part	part	NOUN
cblr-10945	79	24	i	i	PRON
cblr-10945	79	25	,	,	PUNCT
cblr-10945	79	26	hong	hong	PROPN
cblr-10945	79	27	kong	kong	PROPN
cblr-10945	79	28	law	law	PROPN
cblr-10945	79	29	.	.	PUNCT
cblr-10945	80	1	(	(	PUNCT
cblr-10945	80	2	june	june	PROPN
cblr-10945	80	3	2020	2020	NUM
cblr-10945	80	4	)	)	PUNCT
cblr-10945	80	5	,	,	PUNCT
cblr-10945	80	6	http://www.hk	http://www.hk	PROPN
cblr-10945	80	7	1072	1072	NUM
cblr-10945	80	8	columbia	columbia	PROPN
cblr-10945	80	9	business	business	NOUN
cblr-10945	80	10	law	law	PROPN
cblr-10945	80	11	review	review	NOUN
cblr-10945	81	1	[	[	X
cblr-10945	81	2	vol	vol	NOUN
cblr-10945	81	3	.	.	PUNCT
cblr-10945	81	4	2022	2022	NUM
cblr-10945	81	5	funds	fund	NOUN
cblr-10945	81	6	for	for	ADP
cblr-10945	81	7	capital	capital	NOUN
cblr-10945	81	8	investment	investment	NOUN
cblr-10945	81	9	,	,	PUNCT
cblr-10945	81	10	unicom	unicom	PROPN
cblr-10945	81	11	created	create	VERB
cblr-10945	81	12	subsidiaries	subsidiary	NOUN
cblr-10945	81	13	,	,	PUNCT
cblr-10945	81	14	each	each	PRON
cblr-10945	81	15	of	of	ADP
cblr-10945	81	16	which	which	PRON
cblr-10945	81	17	formed	form	VERB
cblr-10945	81	18	a	a	DET
cblr-10945	81	19	joint	joint	ADJ
cblr-10945	81	20	venture	venture	NOUN
cblr-10945	81	21	(	(	PUNCT
cblr-10945	81	22	“	"	PUNCT
cblr-10945	81	23	jv	jv	NOUN
cblr-10945	81	24	”	"	PUNCT
cblr-10945	81	25	)	)	PUNCT
cblr-10945	81	26	with	with	ADP
cblr-10945	81	27	a	a	DET
cblr-10945	81	28	foreign	foreign	ADJ
cblr-10945	81	29	telecom	telecom	NOUN
cblr-10945	81	30	company.29	company.29	NOUN
cblr-10945	81	31	each	each	DET
cblr-10945	81	32	jv	jv	NOUN
cblr-10945	81	33	then	then	ADV
cblr-10945	81	34	entered	enter	VERB
cblr-10945	81	35	contracts	contract	NOUN
cblr-10945	81	36	with	with	ADP
cblr-10945	81	37	unicom	unicom	NOUN
cblr-10945	81	38	whereby	whereby	SCONJ
cblr-10945	81	39	the	the	DET
cblr-10945	81	40	jv	jv	NOUN
cblr-10945	81	41	(	(	PUNCT
cblr-10945	81	42	using	use	VERB
cblr-10945	81	43	foreign	foreign	ADJ
cblr-10945	81	44	telecom	telecom	NOUN
cblr-10945	81	45	capital	capital	NOUN
cblr-10945	81	46	)	)	PUNCT
cblr-10945	81	47	would	would	AUX
cblr-10945	81	48	construct	construct	VERB
cblr-10945	81	49	networks	network	NOUN
cblr-10945	81	50	and	and	CCONJ
cblr-10945	81	51	purchase	purchase	NOUN
cblr-10945	81	52	equipment	equipment	NOUN
cblr-10945	81	53	to	to	PART
cblr-10945	81	54	be	be	AUX
cblr-10945	81	55	owned	own	VERB
cblr-10945	81	56	by	by	ADP
cblr-10945	81	57	unicom.30	unicom.30	PROPN
cblr-10945	81	58	chinese	chinese	ADJ
cblr-10945	81	59	regulators	regulator	NOUN
cblr-10945	81	60	never	never	ADV
cblr-10945	81	61	formally	formally	ADV
cblr-10945	81	62	declared	declare	VERB
cblr-10945	81	63	the	the	DET
cblr-10945	81	64	ccf	ccf	PROPN
cblr-10945	81	65	model	model	NOUN
cblr-10945	81	66	illegal	illegal	ADJ
cblr-10945	81	67	;	;	PUNCT
cblr-10945	81	68	however	however	ADV
cblr-10945	81	69	,	,	PUNCT
cblr-10945	81	70	the	the	DET
cblr-10945	81	71	government	government	NOUN
cblr-10945	81	72	issued	issue	VERB
cblr-10945	81	73	a	a	DET
cblr-10945	81	74	formal	formal	ADJ
cblr-10945	81	75	notice	notice	NOUN
cblr-10945	81	76	in	in	ADP
cblr-10945	81	77	1999	1999	NUM
cblr-10945	81	78	requiring	require	VERB
cblr-10945	81	79	unicom	unicom	NOUN
cblr-10945	81	80	to	to	PART
cblr-10945	81	81	rectify	rectify	VERB
cblr-10945	81	82	“	"	PUNCT
cblr-10945	81	83	accounting	accounting	NOUN
cblr-10945	81	84	irregularities	irregularity	NOUN
cblr-10945	81	85	”	"	PUNCT
cblr-10945	81	86	related	relate	VERB
cblr-10945	81	87	to	to	ADP
cblr-10945	81	88	its	its	PRON
cblr-10945	81	89	jvs.31	jvs.31	PROPN
cblr-10945	81	90	in	in	ADP
cblr-10945	81	91	response	response	NOUN
cblr-10945	81	92	,	,	PUNCT
cblr-10945	81	93	unicom	unicom	NOUN
cblr-10945	81	94	simply	simply	ADV
cblr-10945	81	95	terminated	terminate	VERB
cblr-10945	81	96	each	each	PRON
cblr-10945	81	97	of	of	ADP
cblr-10945	81	98	its	its	PRON
cblr-10945	81	99	jvs	jvs	NOUN
cblr-10945	81	100	,	,	PUNCT
cblr-10945	81	101	leaving	leave	VERB
cblr-10945	81	102	“	"	PUNCT
cblr-10945	81	103	a	a	DET
cblr-10945	81	104	significant	significant	ADJ
cblr-10945	81	105	cloud	cloud	NOUN
cblr-10945	81	106	over	over	ADP
cblr-10945	81	107	the	the	DET
cblr-10945	81	108	future	future	ADJ
cblr-10945	81	109	use	use	NOUN
cblr-10945	81	110	of	of	ADP
cblr-10945	81	111	[	[	X
cblr-10945	81	112	the	the	X
cblr-10945	81	113	]	]	PUNCT
cblr-10945	81	114	ccf	ccf	PROPN
cblr-10945	81	115	model	model	NOUN
cblr-10945	81	116	.	.	PUNCT
cblr-10945	82	1	”32	”32	ADJ
cblr-10945	82	2	a	a	DET
cblr-10945	82	3	year	year	NOUN
cblr-10945	82	4	later	later	ADV
cblr-10945	82	5	,	,	PUNCT
cblr-10945	82	6	three	three	NUM
cblr-10945	82	7	chinese	chinese	ADJ
cblr-10945	82	8	companies	company	NOUN
cblr-10945	82	9	successfully	successfully	ADV
cblr-10945	82	10	listed	list	VERB
cblr-10945	82	11	on	on	ADP
cblr-10945	82	12	foreign	foreign	ADJ
cblr-10945	82	13	exchanges	exchange	NOUN
cblr-10945	82	14	with	with	ADP
cblr-10945	82	15	a	a	DET
cblr-10945	82	16	precursor	precursor	NOUN
cblr-10945	82	17	to	to	ADP
cblr-10945	82	18	the	the	DET
cblr-10945	82	19	modern	modern	ADJ
cblr-10945	82	20	vie	vie	PROPN
cblr-10945	82	21	structure.33	structure.33	PROPN
cblr-10945	82	22	the	the	DET
cblr-10945	82	23	companies	company	NOUN
cblr-10945	82	24	included	include	VERB
cblr-10945	82	25	both	both	DET
cblr-10945	82	26	control	control	NOUN
cblr-10945	82	27	contracts	contract	NOUN
cblr-10945	82	28	and	and	CCONJ
cblr-10945	82	29	economic	economic	ADJ
cblr-10945	82	30	contracts	contract	NOUN
cblr-10945	82	31	,	,	PUNCT
cblr-10945	82	32	allowing	allow	VERB
cblr-10945	82	33	the	the	DET
cblr-10945	82	34	financial	financial	ADJ
cblr-10945	82	35	statements	statement	NOUN
cblr-10945	82	36	of	of	ADP
cblr-10945	82	37	the	the	DET
cblr-10945	82	38	operating	operate	VERB
cblr-10945	82	39	company	company	NOUN
cblr-10945	82	40	and	and	CCONJ
cblr-10945	82	41	listed	list	VERB
cblr-10945	82	42	company	company	NOUN
cblr-10945	82	43	to	to	PART
cblr-10945	82	44	be	be	AUX
cblr-10945	82	45	consolidated.34	consolidated.34	NOUN
cblr-10945	82	46	with	with	ADP
cblr-10945	82	47	financial	financial	ADJ
cblr-10945	82	48	statement	statement	NOUN
cblr-10945	82	49	consolidation	consolidation	NOUN
cblr-10945	82	50	,	,	PUNCT
cblr-10945	82	51	china	china	PROPN
cblr-10945	82	52	-	-	PUNCT
cblr-10945	82	53	based	base	VERB
cblr-10945	82	54	issuers	issuer	NOUN
cblr-10945	82	55	can	can	AUX
cblr-10945	82	56	offer	offer	VERB
cblr-10945	82	57	foreign	foreign	ADJ
cblr-10945	82	58	investors	investor	NOUN
cblr-10945	82	59	“	"	PUNCT
cblr-10945	82	60	the	the	DET
cblr-10945	82	61	rights	right	NOUN
cblr-10945	82	62	and	and	CCONJ
cblr-10945	82	63	benefits	benefit	NOUN
cblr-10945	82	64	normally	normally	ADV
cblr-10945	82	65	associated	associate	VERB
cblr-10945	82	66	with	with	ADP
cblr-10945	82	67	ownership	ownership	NOUN
cblr-10945	82	68	of	of	ADP
cblr-10945	82	69	the	the	DET
cblr-10945	82	70	vie	vie	NOUN
cblr-10945	82	71	without	without	ADP
cblr-10945	82	72	holding	hold	VERB
cblr-10945	82	73	actual	actual	ADJ
cblr-10945	82	74	equity	equity	NOUN
cblr-10945	82	75	ownership	ownership	NOUN
cblr-10945	82	76	”	"	PUNCT
cblr-10945	82	77	and	and	CCONJ
cblr-10945	82	78	evade	evade	VERB
cblr-10945	82	79	the	the	DET
cblr-10945	82	80	country	country	NOUN
cblr-10945	82	81	’s	’s	PART
cblr-10945	82	82	foreign	foreign	ADJ
cblr-10945	82	83	investment	investment	NOUN
cblr-10945	82	84	restrictions.35	restrictions.35	NOUN
cblr-10945	82	85	because	because	SCONJ
cblr-10945	82	86	the	the	DET
cblr-10945	82	87	structure	structure	NOUN
cblr-10945	82	88	provides	provide	VERB
cblr-10945	82	89	no	no	DET
cblr-10945	82	90	equity	equity	NOUN
cblr-10945	82	91	stake	stake	NOUN
cblr-10945	82	92	,	,	PUNCT
cblr-10945	82	93	accounting	accounting	NOUN
cblr-10945	82	94	rules	rule	NOUN
cblr-10945	82	95	had	have	AUX
cblr-10945	82	96	previously	previously	ADV
cblr-10945	82	97	not	not	PART
cblr-10945	82	98	required	require	VERB
cblr-10945	82	99	consolidation.36	consolidation.36	NOUN
cblr-10945	82	100	notably	notably	ADV
cblr-10945	82	101	,	,	PUNCT
cblr-10945	82	102	however	however	ADV
cblr-10945	82	103	,	,	PUNCT
cblr-10945	82	104	enron	enron	PROPN
cblr-10945	82	105	used	use	VERB
cblr-10945	82	106	the	the	DET
cblr-10945	82	107	vie	vie	PROPN
cblr-10945	82	108	structure	structure	NOUN
cblr-10945	82	109	to	to	PART
cblr-10945	82	110	hide	hide	VERB
cblr-10945	82	111	its	its	PRON
cblr-10945	82	112	liabilities	liability	NOUN
cblr-10945	82	113	offshore	offshore	ADV
cblr-10945	82	114	,	,	PUNCT
cblr-10945	82	115	and	and	CCONJ
cblr-10945	82	116	to	to	PART
cblr-10945	82	117	avoid	avoid	VERB
cblr-10945	82	118	similar	similar	ADJ
cblr-10945	82	119	chicanery	chicanery	NOUN
cblr-10945	82	120	going	go	VERB
cblr-10945	82	121	forward	forward	ADV
cblr-10945	82	122	,	,	PUNCT
cblr-10945	82	123	the	the	DET
cblr-10945	82	124	financial	financial	ADJ
cblr-10945	82	125	accounting	accounting	NOUN
cblr-10945	82	126	standards	standard	NOUN
cblr-10945	82	127	board	board	NOUN
cblr-10945	82	128	changed	change	VERB
cblr-10945	82	129	the	the	DET
cblr-10945	82	130	accounting	accounting	NOUN
cblr-10945	82	131	rules	rule	NOUN
cblr-10945	82	132	so	so	SCONJ
cblr-10945	82	133	lawyer.org/content/vie-structure-past-present-and-future-%e2%80%93part-i	lawyer.org/content/vie-structure-past-present-and-future-%e2%80%93part-i	VERB
cblr-10945	82	134	[	[	X
cblr-10945	82	135	https://perma.cc/n3kx-mplb	https://perma.cc/n3kx-mplb	NOUN
cblr-10945	82	136	]	]	X
cblr-10945	82	137	.	.	PUNCT
cblr-10945	83	1	29	29	NUM
cblr-10945	84	1	i	i	PRON
cblr-10945	84	2	d.	d.	PROPN
cblr-10945	84	3	30	30	NUM
cblr-10945	84	4	i	i	PRON
cblr-10945	84	5	d.	d.	PROPN
cblr-10945	84	6	31	31	NUM
cblr-10945	85	1	i	i	PRON
cblr-10945	85	2	d.	d.	PROPN
cblr-10945	85	3	32	32	NUM
cblr-10945	86	1	i	i	PRON
cblr-10945	86	2	d.	d.	PROPN
cblr-10945	86	3	33	33	NUM
cblr-10945	87	1	i	i	PRON
cblr-10945	87	2	d.	d.	PROPN
cblr-10945	87	3	34	34	NUM
cblr-10945	88	1	i	i	PRON
cblr-10945	88	2	d.	d.	PROPN
cblr-10945	88	3	35	35	NUM
cblr-10945	89	1	i	i	PRON
cblr-10945	89	2	d.	d.	PROPN
cblr-10945	89	3	36	36	NUM
cblr-10945	90	1	i	i	PRON
cblr-10945	90	2	d.	d.	PROPN
cblr-10945	90	3	no	no	INTJ
cblr-10945	90	4	.	.	PUNCT
cblr-10945	91	1	2:1066	2:1066	NUM
cblr-10945	91	2	]	]	PUNCT
cblr-10945	91	3	the	the	DET
cblr-10945	91	4	sec	sec	PROPN
cblr-10945	91	5	’s	’s	PART
cblr-10945	91	6	vie	vie	PROPN
cblr-10945	91	7	problem	problem	NOUN
cblr-10945	91	8	1073	1073	NUM
cblr-10945	91	9	that	that	SCONJ
cblr-10945	91	10	now	now	ADV
cblr-10945	91	11	the	the	DET
cblr-10945	91	12	structure	structure	NOUN
cblr-10945	91	13	requires	require	VERB
cblr-10945	91	14	financial	financial	ADJ
cblr-10945	91	15	statement	statement	NOUN
cblr-10945	91	16	consolidation.37	consolidation.37	VERB
cblr-10945	91	17	the	the	DET
cblr-10945	91	18	modern	modern	ADJ
cblr-10945	91	19	vie	vie	PROPN
cblr-10945	91	20	structure	structure	NOUN
cblr-10945	91	21	typically	typically	ADV
cblr-10945	91	22	involves	involve	VERB
cblr-10945	91	23	contractual	contractual	ADJ
cblr-10945	91	24	arrangements	arrangement	NOUN
cblr-10945	91	25	where	where	SCONJ
cblr-10945	91	26	an	an	DET
cblr-10945	91	27	offshore	offshore	ADV
cblr-10945	91	28	holding	hold	VERB
cblr-10945	91	29	company	company	NOUN
cblr-10945	91	30	(	(	PUNCT
cblr-10945	91	31	the	the	DET
cblr-10945	91	32	“	"	PUNCT
cblr-10945	91	33	offshore	offshore	ADJ
cblr-10945	91	34	spv	spv	NOUN
cblr-10945	91	35	,	,	PUNCT
cblr-10945	91	36	”	"	PUNCT
cblr-10945	91	37	often	often	ADV
cblr-10945	91	38	based	base	VERB
cblr-10945	91	39	in	in	ADP
cblr-10945	91	40	the	the	DET
cblr-10945	91	41	cayman	cayman	NOUN
cblr-10945	91	42	islands)38	islands)38	PROPN
cblr-10945	91	43	controls	control	NOUN
cblr-10945	91	44	and	and	CCONJ
cblr-10945	91	45	receives	receive	VERB
cblr-10945	91	46	the	the	DET
cblr-10945	91	47	economic	economic	ADJ
cblr-10945	91	48	benefits	benefit	NOUN
cblr-10945	91	49	of	of	ADP
cblr-10945	91	50	a	a	DET
cblr-10945	91	51	chinese	chinese	ADJ
cblr-10945	91	52	onshore	onshore	NOUN
cblr-10945	91	53	operating	operate	VERB
cblr-10945	91	54	entity	entity	NOUN
cblr-10945	91	55	(	(	PUNCT
cblr-10945	91	56	the	the	DET
cblr-10945	91	57	vie).39	vie).39	NOUN
cblr-10945	91	58	the	the	DET
cblr-10945	91	59	offshore	offshore	ADJ
cblr-10945	91	60	spv	spv	NOUN
cblr-10945	91	61	takes	take	VERB
cblr-10945	91	62	a	a	DET
cblr-10945	91	63	100	100	NUM
cblr-10945	91	64	%	%	NOUN
cblr-10945	91	65	direct	direct	ADJ
cblr-10945	91	66	stake	stake	NOUN
cblr-10945	91	67	in	in	ADP
cblr-10945	91	68	a	a	DET
cblr-10945	91	69	wholly	wholly	ADV
cblr-10945	91	70	foreign	foreign	ADJ
cblr-10945	91	71	-	-	PUNCT
cblr-10945	91	72	owned	own	VERB
cblr-10945	91	73	enterprise	enterprise	NOUN
cblr-10945	91	74	(	(	PUNCT
cblr-10945	91	75	wfoe	wfoe	VERB
cblr-10945	91	76	)	)	PUNCT
cblr-10945	91	77	established	establish	VERB
cblr-10945	91	78	in	in	ADP
cblr-10945	91	79	china	china	PROPN
cblr-10945	91	80	which	which	PRON
cblr-10945	91	81	contracts	contract	VERB
cblr-10945	91	82	with	with	ADP
cblr-10945	91	83	the	the	DET
cblr-10945	91	84	vie	vie	NOUN
cblr-10945	91	85	,	,	PUNCT
cblr-10945	91	86	exclusively	exclusively	ADV
cblr-10945	91	87	owned	own	VERB
cblr-10945	91	88	by	by	ADP
cblr-10945	91	89	prc	prc	PROPN
cblr-10945	91	90	nationals.40	nationals.40	PROPN
cblr-10945	91	91	the	the	DET
cblr-10945	91	92	onshore	onshore	NOUN
cblr-10945	91	93	operating	operate	VERB
cblr-10945	91	94	entity	entity	NOUN
cblr-10945	91	95	“	"	PUNCT
cblr-10945	91	96	holds	hold	VERB
cblr-10945	91	97	the	the	DET
cblr-10945	91	98	assets	asset	NOUN
cblr-10945	91	99	and	and	CCONJ
cblr-10945	91	100	licenses	license	NOUN
cblr-10945	91	101	that	that	PRON
cblr-10945	91	102	can	can	AUX
cblr-10945	91	103	not	not	PART
cblr-10945	91	104	be	be	AUX
cblr-10945	91	105	legally	legally	ADV
cblr-10945	91	106	owned	own	VERB
cblr-10945	91	107	by	by	ADP
cblr-10945	91	108	foreign	foreign	ADJ
cblr-10945	91	109	investors	investor	NOUN
cblr-10945	91	110	”	"	PUNCT
cblr-10945	91	111	while	while	SCONJ
cblr-10945	91	112	the	the	DET
cblr-10945	91	113	offshore	offshore	ADV
cblr-10945	91	114	holding	hold	VERB
cblr-10945	91	115	company	company	NOUN
cblr-10945	91	116	enters	enter	VERB
cblr-10945	91	117	contracts	contract	NOUN
cblr-10945	91	118	that	that	PRON
cblr-10945	91	119	grant	grant	VERB
cblr-10945	91	120	it	it	PRON
cblr-10945	91	121	control	control	NOUN
cblr-10945	91	122	of	of	ADP
cblr-10945	91	123	the	the	DET
cblr-10945	91	124	chinese	chinese	ADJ
cblr-10945	91	125	entity	entity	NOUN
cblr-10945	91	126	and	and	CCONJ
cblr-10945	91	127	allow	allow	VERB
cblr-10945	91	128	for	for	ADP
cblr-10945	91	129	financial	financial	ADJ
cblr-10945	91	130	statement	statement	NOUN
cblr-10945	91	131	consolidation.41	consolidation.41	NOUN
cblr-10945	91	132	the	the	DET
cblr-10945	91	133	structure	structure	NOUN
cblr-10945	91	134	allows	allow	VERB
cblr-10945	91	135	chinese	chinese	ADJ
cblr-10945	91	136	companies	company	NOUN
cblr-10945	91	137	to	to	PART
cblr-10945	91	138	access	access	VERB
cblr-10945	91	139	foreign	foreign	ADJ
cblr-10945	91	140	capital	capital	NOUN
cblr-10945	91	141	while	while	SCONJ
cblr-10945	91	142	complying	comply	VERB
cblr-10945	91	143	with	with	ADP
cblr-10945	91	144	foreign	foreign	ADJ
cblr-10945	91	145	investment	investment	NOUN
cblr-10945	91	146	restrictions	restriction	NOUN
cblr-10945	91	147	;	;	PUNCT
cblr-10945	91	148	however	however	ADV
cblr-10945	91	149	,	,	PUNCT
cblr-10945	91	150	it	it	PRON
cblr-10945	91	151	is	be	AUX
cblr-10945	91	152	not	not	PART
cblr-10945	91	153	without	without	ADP
cblr-10945	91	154	its	its	PRON
cblr-10945	91	155	risks	risk	NOUN
cblr-10945	91	156	to	to	ADP
cblr-10945	91	157	investors	investor	NOUN
cblr-10945	91	158	(	(	PUNCT
cblr-10945	91	159	and	and	CCONJ
cblr-10945	91	160	the	the	DET
cblr-10945	91	161	chinabased	chinabase	VERB
cblr-10945	91	162	operating	operating	NOUN
cblr-10945	91	163	companies	company	NOUN
cblr-10945	91	164	which	which	PRON
cblr-10945	91	165	employ	employ	VERB
cblr-10945	91	166	it	it	PRON
cblr-10945	91	167	)	)	PUNCT
cblr-10945	91	168	.	.	PUNCT
cblr-10945	92	1	first	first	ADV
cblr-10945	92	2	,	,	PUNCT
cblr-10945	92	3	the	the	DET
cblr-10945	92	4	structure	structure	NOUN
cblr-10945	92	5	itself	itself	PRON
cblr-10945	92	6	has	have	AUX
cblr-10945	92	7	never	never	ADV
cblr-10945	92	8	been	be	AUX
cblr-10945	92	9	officially	officially	ADV
cblr-10945	92	10	approved	approve	VERB
cblr-10945	92	11	by	by	ADP
cblr-10945	92	12	the	the	DET
cblr-10945	92	13	prc.42	prc.42	NOUN
cblr-10945	92	14	since	since	SCONJ
cblr-10945	92	15	the	the	DET
cblr-10945	92	16	first	first	ADJ
cblr-10945	92	17	chinese	chinese	ADJ
cblr-10945	92	18	companies	company	NOUN
cblr-10945	92	19	used	use	VERB
cblr-10945	92	20	the	the	DET
cblr-10945	92	21	vie	vie	PROPN
cblr-10945	92	22	structure	structure	NOUN
cblr-10945	92	23	to	to	PART
cblr-10945	92	24	list	list	VERB
cblr-10945	92	25	in	in	ADP
cblr-10945	92	26	the	the	DET
cblr-10945	92	27	united	united	PROPN
cblr-10945	92	28	states	states	PROPN
cblr-10945	92	29	,	,	PUNCT
cblr-10945	92	30	chinese	chinese	ADJ
cblr-10945	92	31	regulators	regulator	NOUN
cblr-10945	92	32	have	have	AUX
cblr-10945	92	33	oscillated	oscillate	VERB
cblr-10945	92	34	between	between	ADP
cblr-10945	92	35	tacit	tacit	ADJ
cblr-10945	92	36	approval	approval	NOUN
cblr-10945	92	37	of	of	ADP
cblr-10945	92	38	the	the	DET
cblr-10945	92	39	structure	structure	NOUN
cblr-10945	92	40	to	to	ADP
cblr-10945	92	41	outright	outright	ADJ
cblr-10945	92	42	attacks	attack	NOUN
cblr-10945	92	43	on	on	ADP
cblr-10945	92	44	it.43	it.43	NOUN
cblr-10945	92	45	we	we	PRON
cblr-10945	92	46	currently	currently	ADV
cblr-10945	92	47	appear	appear	VERB
cblr-10945	92	48	to	to	PART
cblr-10945	92	49	be	be	AUX
cblr-10945	92	50	in	in	ADP
cblr-10945	92	51	a	a	DET
cblr-10945	92	52	period	period	NOUN
cblr-10945	92	53	of	of	ADP
cblr-10945	92	54	tacit	tacit	ADJ
cblr-10945	92	55	37	37	NUM
cblr-10945	92	56	floyd	floyd	PROPN
cblr-10945	92	57	norris	norris	PROPN
cblr-10945	92	58	,	,	PUNCT
cblr-10945	92	59	accounting	accounting	NOUN
cblr-10945	92	60	rules	rule	NOUN
cblr-10945	92	61	changed	change	VERB
cblr-10945	92	62	to	to	ADP
cblr-10945	92	63	bar	bar	NOUN
cblr-10945	92	64	tactics	tactic	NOUN
cblr-10945	92	65	used	use	VERB
cblr-10945	92	66	by	by	ADP
cblr-10945	92	67	enron	enron	PROPN
cblr-10945	92	68	,	,	PUNCT
cblr-10945	92	69	n.y	n.y	PROPN
cblr-10945	92	70	.	.	PROPN
cblr-10945	92	71	times	times	PROPN
cblr-10945	92	72	(	(	PUNCT
cblr-10945	92	73	jan	jan	PROPN
cblr-10945	92	74	.	.	PROPN
cblr-10945	92	75	16	16	NUM
cblr-10945	92	76	,	,	PUNCT
cblr-10945	92	77	2003	2003	NUM
cblr-10945	92	78	,	,	PUNCT
cblr-10945	92	79	2:33	2:33	NUM
cblr-10945	92	80	am	am	NOUN
cblr-10945	92	81	)	)	PUNCT
cblr-10945	92	82	,	,	PUNCT
cblr-10945	92	83	https://www.nytimes.com/2003/01/16/business/accounting-rules-changedto-bar-tactics-used-by-enron.html	https://www.nytimes.com/2003/01/16/business/accounting-rules-changedto-bar-tactics-used-by-enron.html	PUNCT
cblr-10945	93	1	[	[	X
cblr-10945	93	2	https://perma.cc/wc8g-xs9k	https://perma.cc/wc8g-xs9k	X
cblr-10945	93	3	]	]	X
cblr-10945	93	4	.	.	PUNCT
cblr-10945	94	1	38	38	NUM
cblr-10945	94	2	see	see	VERB
cblr-10945	94	3	,	,	PUNCT
cblr-10945	94	4	e.g.	e.g.	ADV
cblr-10945	94	5	,	,	PUNCT
cblr-10945	94	6	yawen	yawen	PROPN
cblr-10945	94	7	chen	chen	PROPN
cblr-10945	94	8	,	,	PUNCT
cblr-10945	94	9	china	china	PROPN
cblr-10945	94	10	ipo	ipo	PROPN
cblr-10945	94	11	crackdown	crackdown	NOUN
cblr-10945	94	12	will	will	AUX
cblr-10945	94	13	cast	cast	VERB
cblr-10945	94	14	chill	chill	NOUN
cblr-10945	94	15	over	over	ADP
cblr-10945	94	16	caymans	caymans	PROPN
cblr-10945	94	17	,	,	PUNCT
cblr-10945	94	18	reuters	reuters	PROPN
cblr-10945	94	19	(	(	PUNCT
cblr-10945	94	20	july	july	PROPN
cblr-10945	94	21	27	27	NUM
cblr-10945	94	22	,	,	PUNCT
cblr-10945	94	23	2021	2021	NUM
cblr-10945	94	24	,	,	PUNCT
cblr-10945	94	25	2:33	2:33	NUM
cblr-10945	94	26	am	am	NOUN
cblr-10945	94	27	)	)	PUNCT
cblr-10945	94	28	,	,	PUNCT
cblr-10945	94	29	https://www.reuters.com/breakingviews/china-ipo-crackdown-will-castchill-over-caymans-2021-07-07	https://www.reuters.com/breakingviews/china-ipo-crackdown-will-castchill-over-caymans-2021-07-07	X
cblr-10945	95	1	[	[	X
cblr-10945	95	2	https://perma.cc/r733-8n9b	https://perma.cc/r733-8n9b	X
cblr-10945	95	3	]	]	X
cblr-10945	95	4	.	.	PUNCT
cblr-10945	96	1	39	39	NUM
cblr-10945	96	2	ellis	ellis	PROPN
cblr-10945	96	3	et	et	PROPN
cblr-10945	96	4	al	al	PROPN
cblr-10945	96	5	.	.	PROPN
cblr-10945	96	6	,	,	PUNCT
cblr-10945	96	7	supra	supra	PROPN
cblr-10945	96	8	note	note	NOUN
cblr-10945	96	9	28	28	NUM
cblr-10945	96	10	.	.	NUM
cblr-10945	97	1	40	40	NUM
cblr-10945	98	1	i	i	PRON
cblr-10945	98	2	d.	d.	PROPN
cblr-10945	98	3	41	41	NUM
cblr-10945	99	1	i	i	PRON
cblr-10945	99	2	d.	d.	PROPN
cblr-10945	99	3	42	42	NUM
cblr-10945	99	4	see	see	VERB
cblr-10945	99	5	china	china	PROPN
cblr-10945	99	6	considers	consider	VERB
cblr-10945	99	7	closing	closing	NOUN
cblr-10945	99	8	loophole	loophole	NOUN
cblr-10945	99	9	used	use	VERB
cblr-10945	99	10	by	by	ADP
cblr-10945	99	11	tech	tech	NOUN
cblr-10945	99	12	giants	giant	NOUN
cblr-10945	99	13	for	for	ADP
cblr-10945	99	14	u.s	u.s	PROPN
cblr-10945	99	15	.	.	PROPN
cblr-10945	99	16	ipos	ipos	PROPN
cblr-10945	99	17	,	,	PUNCT
cblr-10945	99	18	supra	supra	PROPN
cblr-10945	99	19	note	note	PROPN
cblr-10945	99	20	26	26	NUM
cblr-10945	99	21	.	.	NUM
cblr-10945	100	1	43	43	NUM
cblr-10945	100	2	marcia	marcia	PROPN
cblr-10945	100	3	ellis	ellis	PROPN
cblr-10945	100	4	,	,	PUNCT
cblr-10945	100	5	gordon	gordon	PROPN
cblr-10945	100	6	milner	milner	PROPN
cblr-10945	100	7	&	&	CCONJ
cblr-10945	100	8	mark	mark	PROPN
cblr-10945	100	9	hu	hu	PROPN
cblr-10945	100	10	,	,	PUNCT
cblr-10945	100	11	the	the	DET
cblr-10945	100	12	vie	vie	PROPN
cblr-10945	100	13	structure	structure	NOUN
cblr-10945	100	14	:	:	PUNCT
cblr-10945	100	15	past	past	ADJ
cblr-10945	100	16	,	,	PUNCT
cblr-10945	100	17	present	present	ADJ
cblr-10945	100	18	and	and	CCONJ
cblr-10945	100	19	future	future	ADJ
cblr-10945	100	20	–	–	PUNCT
cblr-10945	100	21	part	part	PROPN
cblr-10945	100	22	ii	ii	PROPN
cblr-10945	100	23	,	,	PUNCT
cblr-10945	100	24	hong	hong	PROPN
cblr-10945	100	25	kong	kong	PROPN
cblr-10945	100	26	law	law	PROPN
cblr-10945	100	27	.	.	PUNCT
cblr-10945	101	1	(	(	PUNCT
cblr-10945	101	2	june	june	PROPN
cblr-10945	101	3	2020	2020	NUM
cblr-10945	101	4	)	)	PUNCT
cblr-10945	101	5	,	,	PUNCT
cblr-10945	102	1	https://www.hk-lawyer.org/content/vie-structure-past-present-and-future%e2%80%93-part-ii	https://www.hk-lawyer.org/content/vie-structure-past-present-and-future%e2%80%93-part-ii	PROPN
cblr-10945	103	1	[	[	X
cblr-10945	103	2	https://perma.cc/4ptt-abvt	https://perma.cc/4ptt-abvt	PROPN
cblr-10945	103	3	]	]	SYM
cblr-10945	103	4	.	.	PUNCT
cblr-10945	104	1	1074	1074	NUM
cblr-10945	104	2	columbia	columbia	PROPN
cblr-10945	104	3	business	business	NOUN
cblr-10945	104	4	law	law	PROPN
cblr-10945	104	5	review	review	NOUN
cblr-10945	104	6	[	[	X
cblr-10945	104	7	vol	vol	NOUN
cblr-10945	104	8	.	.	PUNCT
cblr-10945	104	9	2022	2022	NUM
cblr-10945	104	10	approval	approval	NOUN
cblr-10945	104	11	—	—	PUNCT
cblr-10945	104	12	without	without	ADP
cblr-10945	104	13	addressing	address	VERB
cblr-10945	104	14	the	the	DET
cblr-10945	104	15	issue	issue	NOUN
cblr-10945	104	16	of	of	ADP
cblr-10945	104	17	vies	vie	NOUN
cblr-10945	104	18	,	,	PUNCT
cblr-10945	104	19	last	last	ADJ
cblr-10945	104	20	year	year	NOUN
cblr-10945	104	21	,	,	PUNCT
cblr-10945	104	22	china	china	PROPN
cblr-10945	104	23	’s	’s	PART
cblr-10945	104	24	state	state	PROPN
cblr-10945	104	25	administration	administration	PROPN
cblr-10945	104	26	for	for	ADP
cblr-10945	104	27	market	market	NOUN
cblr-10945	104	28	regulation	regulation	NOUN
cblr-10945	104	29	officially	officially	ADV
cblr-10945	104	30	accepted	accept	VERB
cblr-10945	104	31	a	a	DET
cblr-10945	104	32	merger	merger	NOUN
cblr-10945	104	33	control	control	NOUN
cblr-10945	104	34	filing	filing	NOUN
cblr-10945	104	35	for	for	ADP
cblr-10945	104	36	concentration	concentration	NOUN
cblr-10945	104	37	of	of	ADP
cblr-10945	104	38	operators	operator	NOUN
cblr-10945	104	39	where	where	SCONJ
cblr-10945	104	40	one	one	NUM
cblr-10945	104	41	of	of	ADP
cblr-10945	104	42	the	the	DET
cblr-10945	104	43	parties	party	NOUN
cblr-10945	104	44	uses	use	VERB
cblr-10945	104	45	the	the	DET
cblr-10945	104	46	vie	vie	PROPN
cblr-10945	104	47	structure.44	structure.44	NOUN
cblr-10945	104	48	while	while	SCONJ
cblr-10945	104	49	“	"	PUNCT
cblr-10945	104	50	there	there	PRON
cblr-10945	104	51	is	be	VERB
cblr-10945	104	52	no	no	DET
cblr-10945	104	53	doubt	doubt	NOUN
cblr-10945	104	54	that	that	SCONJ
cblr-10945	104	55	[	[	X
cblr-10945	104	56	the	the	DET
cblr-10945	104	57	vie	vie	PROPN
cblr-10945	104	58	structure	structure	NOUN
cblr-10945	104	59	]	]	PUNCT
cblr-10945	104	60	represents	represent	VERB
cblr-10945	104	61	an	an	DET
cblr-10945	104	62	attempt	attempt	NOUN
cblr-10945	104	63	to	to	PART
cblr-10945	104	64	avoid	avoid	VERB
cblr-10945	104	65	restrictions	restriction	NOUN
cblr-10945	104	66	on	on	ADP
cblr-10945	104	67	foreign	foreign	ADJ
cblr-10945	104	68	investment	investment	NOUN
cblr-10945	104	69	,	,	PUNCT
cblr-10945	104	70	”	"	PUNCT
cblr-10945	104	71	chinese	chinese	ADJ
cblr-10945	104	72	lawyers	lawyer	NOUN
cblr-10945	104	73	argue	argue	VERB
cblr-10945	104	74	that	that	SCONJ
cblr-10945	104	75	“	"	PUNCT
cblr-10945	104	76	the	the	DET
cblr-10945	104	77	legality	legality	NOUN
cblr-10945	104	78	of	of	ADP
cblr-10945	104	79	each	each	DET
cblr-10945	104	80	element	element	NOUN
cblr-10945	104	81	that	that	PRON
cblr-10945	104	82	makes	make	VERB
cblr-10945	104	83	up	up	ADP
cblr-10945	104	84	the	the	DET
cblr-10945	104	85	vie	vie	NOUN
cblr-10945	104	86	structure	structure	NOUN
cblr-10945	104	87	should	should	AUX
cblr-10945	104	88	be	be	AUX
cblr-10945	104	89	reviewed	review	VERB
cblr-10945	104	90	separately	separately	ADV
cblr-10945	104	91	,	,	PUNCT
cblr-10945	104	92	”	"	PUNCT
cblr-10945	104	93	not	not	PART
cblr-10945	104	94	as	as	ADP
cblr-10945	104	95	a	a	DET
cblr-10945	104	96	“	"	PUNCT
cblr-10945	104	97	sum	sum	NOUN
cblr-10945	104	98	of	of	ADP
cblr-10945	104	99	the	the	DET
cblr-10945	104	100	parts	part	NOUN
cblr-10945	104	101	of	of	ADP
cblr-10945	104	102	the	the	DET
cblr-10945	104	103	vie	vie	PROPN
cblr-10945	104	104	structure	structure	NOUN
cblr-10945	104	105	.	.	PUNCT
cblr-10945	105	1	”45	”45	NOUN
cblr-10945	105	2	beyond	beyond	ADP
cblr-10945	105	3	the	the	DET
cblr-10945	105	4	risk	risk	NOUN
cblr-10945	105	5	of	of	ADP
cblr-10945	105	6	illegality	illegality	NOUN
cblr-10945	105	7	,	,	PUNCT
cblr-10945	105	8	the	the	DET
cblr-10945	105	9	incentives	incentive	NOUN
cblr-10945	105	10	of	of	ADP
cblr-10945	105	11	prc	prc	PROPN
cblr-10945	105	12	shareholders	shareholder	NOUN
cblr-10945	105	13	and	and	CCONJ
cblr-10945	105	14	foreign	foreign	ADJ
cblr-10945	105	15	investors	investor	NOUN
cblr-10945	105	16	are	be	AUX
cblr-10945	105	17	often	often	ADV
cblr-10945	105	18	inherently	inherently	ADV
cblr-10945	105	19	misaligned	misalign	VERB
cblr-10945	105	20	—	—	PUNCT
cblr-10945	105	21	especially	especially	ADV
cblr-10945	105	22	when	when	SCONJ
cblr-10945	105	23	the	the	DET
cblr-10945	105	24	chinese	chinese	PROPN
cblr-10945	105	25	vie	vie	PROPN
cblr-10945	105	26	owners	owner	NOUN
cblr-10945	105	27	do	do	AUX
cblr-10945	105	28	not	not	PART
cblr-10945	105	29	have	have	VERB
cblr-10945	105	30	a	a	DET
cblr-10945	105	31	significant	significant	ADJ
cblr-10945	105	32	equity	equity	NOUN
cblr-10945	105	33	stake	stake	NOUN
cblr-10945	105	34	in	in	ADP
cblr-10945	105	35	the	the	DET
cblr-10945	105	36	offshore	offshore	ADJ
cblr-10945	105	37	spv.46	spv.46	NOUN
cblr-10945	105	38	indeed	indeed	ADV
cblr-10945	105	39	,	,	PUNCT
cblr-10945	105	40	the	the	DET
cblr-10945	105	41	structure	structure	NOUN
cblr-10945	105	42	’s	’s	PART
cblr-10945	105	43	dubious	dubious	ADJ
cblr-10945	105	44	legal	legal	ADJ
cblr-10945	105	45	status	status	NOUN
cblr-10945	105	46	may	may	AUX
cblr-10945	105	47	incentivize	incentivize	VERB
cblr-10945	105	48	a	a	DET
cblr-10945	105	49	chinese	chinese	ADJ
cblr-10945	105	50	owner	owner	NOUN
cblr-10945	105	51	of	of	ADP
cblr-10945	105	52	a	a	DET
cblr-10945	105	53	vie	vie	NOUN
cblr-10945	105	54	to	to	PART
cblr-10945	105	55	renege	renege	VERB
cblr-10945	105	56	on	on	ADP
cblr-10945	105	57	a	a	DET
cblr-10945	105	58	vie	vie	NOUN
cblr-10945	105	59	contract	contract	NOUN
cblr-10945	105	60	because	because	SCONJ
cblr-10945	105	61	there	there	PRON
cblr-10945	105	62	would	would	AUX
cblr-10945	105	63	likely	likely	ADV
cblr-10945	105	64	be	be	AUX
cblr-10945	105	65	no	no	DET
cblr-10945	105	66	enforcement	enforcement	NOUN
cblr-10945	105	67	mechanism.47	mechanism.47	NOUN
cblr-10945	105	68	aggrieved	aggrieve	VERB
cblr-10945	105	69	foreign	foreign	ADJ
cblr-10945	105	70	investors	investor	NOUN
cblr-10945	105	71	would	would	AUX
cblr-10945	105	72	have	have	VERB
cblr-10945	105	73	to	to	PART
cblr-10945	105	74	subject	subject	VERB
cblr-10945	105	75	themselves	themselves	PRON
cblr-10945	105	76	to	to	ADP
cblr-10945	105	77	chinese	chinese	ADJ
cblr-10945	105	78	courts	court	NOUN
cblr-10945	105	79	which	which	PRON
cblr-10945	105	80	may	may	AUX
cblr-10945	105	81	invalidate	invalidate	VERB
cblr-10945	105	82	the	the	DET
cblr-10945	105	83	contracts	contract	NOUN
cblr-10945	105	84	for	for	ADP
cblr-10945	105	85	subverting	subvert	VERB
cblr-10945	105	86	public	public	ADJ
cblr-10945	105	87	policy.48	policy.48	NOUN
cblr-10945	105	88	gigamedia	gigamedia	NOUN
cblr-10945	105	89	limited	limited	ADJ
cblr-10945	105	90	(	(	PUNCT
cblr-10945	105	91	“	"	PUNCT
cblr-10945	105	92	gigamedia	gigamedia	NOUN
cblr-10945	105	93	”	"	PUNCT
cblr-10945	105	94	)	)	PUNCT
cblr-10945	105	95	,	,	PUNCT
cblr-10945	105	96	an	an	DET
cblr-10945	105	97	online	online	ADJ
cblr-10945	105	98	gaming	game	VERB
cblr-10945	105	99	company	company	NOUN
cblr-10945	105	100	operated	operate	VERB
cblr-10945	105	101	through	through	ADP
cblr-10945	105	102	three	three	NUM
cblr-10945	105	103	chinese	chinese	ADJ
cblr-10945	105	104	vies	vie	NOUN
cblr-10945	105	105	,	,	PUNCT
cblr-10945	105	106	provides	provide	VERB
cblr-10945	105	107	an	an	DET
cblr-10945	105	108	example	example	NOUN
cblr-10945	105	109	of	of	ADP
cblr-10945	105	110	this	this	DET
cblr-10945	105	111	phenomenon.49	phenomenon.49	NOUN
cblr-10945	105	112	in	in	ADP
cblr-10945	105	113	2010	2010	NUM
cblr-10945	105	114	,	,	PUNCT
cblr-10945	105	115	the	the	DET
cblr-10945	105	116	company	company	NOUN
cblr-10945	105	117	’s	’s	PART
cblr-10945	105	118	foreign	foreign	ADJ
cblr-10945	105	119	investors	investor	NOUN
cblr-10945	105	120	attempted	attempt	VERB
cblr-10945	105	121	to	to	PART
cblr-10945	105	122	remove	remove	VERB
cblr-10945	105	123	its	its	PRON
cblr-10945	105	124	founder	founder	NOUN
cblr-10945	105	125	(	(	PUNCT
cblr-10945	105	126	the	the	DET
cblr-10945	105	127	owner	owner	NOUN
cblr-10945	105	128	of	of	ADP
cblr-10945	105	129	the	the	DET
cblr-10945	105	130	chinese	chinese	ADJ
cblr-10945	105	131	vies	vie	NOUN
cblr-10945	105	132	)	)	PUNCT
cblr-10945	105	133	,	,	PUNCT
cblr-10945	105	134	but	but	CCONJ
cblr-10945	105	135	he	he	PRON
cblr-10945	105	136	refused	refuse	VERB
cblr-10945	105	137	to	to	PART
cblr-10945	105	138	step	step	VERB
cblr-10945	105	139	down	down	ADP
cblr-10945	105	140	and	and	CCONJ
cblr-10945	105	141	took	take	VERB
cblr-10945	105	142	possession	possession	NOUN
cblr-10945	105	143	of	of	ADP
cblr-10945	105	144	the	the	DET
cblr-10945	105	145	vies	vie	NOUN
cblr-10945	105	146	’	'	PUNCT
cblr-10945	105	147	financial	financial	ADJ
cblr-10945	105	148	and	and	CCONJ
cblr-10945	105	149	licensing	license	VERB
cblr-10945	105	150	44	44	NUM
cblr-10945	105	151	i	i	PRON
cblr-10945	105	152	d.	d.	PROPN
cblr-10945	105	153	45	45	NUM
cblr-10945	106	1	i	i	PROPN
cblr-10945	106	2	d.	d.	NOUN
cblr-10945	106	3	46	46	NUM
cblr-10945	106	4	sue	sue	PROPN
cblr-10945	106	5	-	-	PUNCT
cblr-10945	106	6	lin	lin	PROPN
cblr-10945	106	7	wong	wong	PROPN
cblr-10945	106	8	,	,	PUNCT
cblr-10945	106	9	china	china	PROPN
cblr-10945	106	10	court	court	PROPN
cblr-10945	106	11	ruling	ruling	NOUN
cblr-10945	106	12	could	could	AUX
cblr-10945	106	13	threaten	threaten	VERB
cblr-10945	106	14	foreign	foreign	ADJ
cblr-10945	106	15	investments	investment	NOUN
cblr-10945	106	16	in	in	ADP
cblr-10945	106	17	country	country	NOUN
cblr-10945	106	18	,	,	PUNCT
cblr-10945	106	19	n.y	n.y	PROPN
cblr-10945	106	20	.	.	PROPN
cblr-10945	106	21	times	times	PROPN
cblr-10945	106	22	(	(	PUNCT
cblr-10945	106	23	june	june	PROPN
cblr-10945	106	24	17	17	NUM
cblr-10945	106	25	,	,	PUNCT
cblr-10945	106	26	2013	2013	NUM
cblr-10945	106	27	,	,	PUNCT
cblr-10945	106	28	3:09	3:09	NUM
cblr-10945	106	29	am	am	NOUN
cblr-10945	106	30	)	)	PUNCT
cblr-10945	106	31	,	,	PUNCT
cblr-10945	106	32	https://archive.nytimes.com/rendezvous.blogs.nytimes.com/2013/06/17/chin	https://archive.nytimes.com/rendezvous.blogs.nytimes.com/2013/06/17/chin	PROPN
cblr-10945	106	33	a	a	DET
cblr-10945	106	34	-	-	PUNCT
cblr-10945	106	35	court	court	NOUN
cblr-10945	106	36	-	-	PUNCT
cblr-10945	106	37	ruling	ruling	NOUN
cblr-10945	106	38	-	-	PUNCT
cblr-10945	106	39	could	could	AUX
cblr-10945	106	40	-	-	PUNCT
cblr-10945	106	41	threaten	threaten	VERB
cblr-10945	106	42	-	-	PUNCT
cblr-10945	106	43	some	some	PRON
cblr-10945	106	44	-	-	PUNCT
cblr-10945	106	45	foreign	foreign	ADJ
cblr-10945	106	46	-	-	PUNCT
cblr-10945	106	47	invested	invest	VERB
cblr-10945	106	48	-	-	PUNCT
cblr-10945	106	49	companies/	companies/	NOUN
cblr-10945	107	1	[	[	X
cblr-10945	107	2	https://perma.cc/yjf7-vtz8	https://perma.cc/yjf7-vtz8	PROPN
cblr-10945	107	3	]	]	X
cblr-10945	107	4	.	.	PUNCT
cblr-10945	108	1	47	47	NUM
cblr-10945	109	1	i	i	PRON
cblr-10945	109	2	d.	d.	PROPN
cblr-10945	109	3	48	48	NUM
cblr-10945	109	4	see	see	VERB
cblr-10945	110	1	i	i	PRON
cblr-10945	110	2	d.	d.	PROPN
cblr-10945	110	3	49	49	NUM
cblr-10945	111	1	i	i	PROPN
cblr-10945	111	2	d.	d.	PROPN
cblr-10945	111	3	;	;	PUNCT
cblr-10945	111	4	gigamedia	gigamedia	PROPN
cblr-10945	111	5	ltd	ltd	PROPN
cblr-10945	111	6	.	.	PROPN
cblr-10945	111	7	,	,	PUNCT
cblr-10945	111	8	annual	annual	ADJ
cblr-10945	111	9	and	and	CCONJ
cblr-10945	111	10	transition	transition	NOUN
cblr-10945	111	11	report	report	NOUN
cblr-10945	111	12	of	of	ADP
cblr-10945	111	13	foreign	foreign	ADJ
cblr-10945	111	14	private	private	ADJ
cblr-10945	111	15	issuers	issuer	NOUN
cblr-10945	111	16	(	(	PUNCT
cblr-10945	111	17	form	form	NOUN
cblr-10945	111	18	20	20	NUM
cblr-10945	111	19	-	-	SYM
cblr-10945	111	20	f	f	NOUN
cblr-10945	111	21	)	)	PUNCT
cblr-10945	111	22	14	14	NUM
cblr-10945	111	23	(	(	PUNCT
cblr-10945	111	24	june	june	PROPN
cblr-10945	111	25	30	30	NUM
cblr-10945	111	26	,	,	PUNCT
cblr-10945	111	27	2010	2010	NUM
cblr-10945	111	28	)	)	PUNCT
cblr-10945	111	29	,	,	PUNCT
cblr-10945	111	30	https://www.sec.gov/archives/edgar/data/1577552/000119312514184994/d7	https://www.sec.gov/archives/edgar/data/1577552/000119312514184994/d7	PROPN
cblr-10945	111	31	09111df1.htm	09111df1.htm	X
cblr-10945	112	1	[	[	X
cblr-10945	112	2	https://perma.cc/8mrq-zd3s	https://perma.cc/8mrq-zd3	NOUN
cblr-10945	112	3	]	]	PUNCT
cblr-10945	112	4	.	.	PUNCT
cblr-10945	113	1	no	no	INTJ
cblr-10945	113	2	.	.	PUNCT
cblr-10945	114	1	2:1066	2:1066	NUM
cblr-10945	114	2	]	]	PUNCT
cblr-10945	114	3	the	the	DET
cblr-10945	114	4	sec	sec	PROPN
cblr-10945	114	5	’s	’s	PART
cblr-10945	114	6	vie	vie	PROPN
cblr-10945	114	7	problem	problem	NOUN
cblr-10945	114	8	1075	1075	NUM
cblr-10945	114	9	documentation.50	documentation.50	PROPN
cblr-10945	114	10	without	without	ADP
cblr-10945	114	11	control	control	NOUN
cblr-10945	114	12	over	over	ADP
cblr-10945	114	13	the	the	DET
cblr-10945	114	14	relevant	relevant	ADJ
cblr-10945	114	15	documentation	documentation	NOUN
cblr-10945	114	16	,	,	PUNCT
cblr-10945	114	17	gigamedia	gigamedia	NOUN
cblr-10945	114	18	had	have	VERB
cblr-10945	114	19	to	to	PART
cblr-10945	114	20	deconsolidate	deconsolidate	VERB
cblr-10945	114	21	its	its	PRON
cblr-10945	114	22	financial	financial	ADJ
cblr-10945	114	23	results	result	NOUN
cblr-10945	114	24	and	and	CCONJ
cblr-10945	114	25	take	take	VERB
cblr-10945	114	26	extensive	extensive	ADJ
cblr-10945	114	27	write	write	NOUN
cblr-10945	114	28	-	-	PUNCT
cblr-10945	114	29	offs	off	NOUN
cblr-10945	114	30	,	,	PUNCT
cblr-10945	114	31	lowering	lower	VERB
cblr-10945	114	32	the	the	DET
cblr-10945	114	33	overall	overall	ADJ
cblr-10945	114	34	value	value	NOUN
cblr-10945	114	35	of	of	ADP
cblr-10945	114	36	the	the	DET
cblr-10945	114	37	company.51	company.51	NOUN
cblr-10945	114	38	more	more	ADV
cblr-10945	114	39	famous	famous	ADJ
cblr-10945	114	40	perhaps	perhaps	ADV
cblr-10945	114	41	is	be	AUX
cblr-10945	114	42	the	the	DET
cblr-10945	114	43	dispute	dispute	NOUN
cblr-10945	114	44	between	between	ADP
cblr-10945	114	45	yahoo	yahoo	PROPN
cblr-10945	114	46	and	and	CCONJ
cblr-10945	114	47	alibaba	alibaba	PROPN
cblr-10945	114	48	over	over	ADP
cblr-10945	114	49	alibaba	alibaba	PROPN
cblr-10945	114	50	’s	’s	PART
cblr-10945	114	51	lucrative	lucrative	ADJ
cblr-10945	114	52	online	online	ADJ
cblr-10945	114	53	payment	payment	NOUN
cblr-10945	114	54	business	business	NOUN
cblr-10945	114	55	,	,	PUNCT
cblr-10945	114	56	alipay.52	alipay.52	NOUN
cblr-10945	114	57	to	to	PART
cblr-10945	114	58	expedite	expedite	VERB
cblr-10945	114	59	the	the	DET
cblr-10945	114	60	process	process	NOUN
cblr-10945	114	61	of	of	ADP
cblr-10945	114	62	obtaining	obtain	VERB
cblr-10945	114	63	an	an	DET
cblr-10945	114	64	essential	essential	ADJ
cblr-10945	114	65	regulatory	regulatory	ADJ
cblr-10945	114	66	license	license	NOUN
cblr-10945	114	67	,	,	PUNCT
cblr-10945	114	68	alibaba	alibaba	PROPN
cblr-10945	114	69	group	group	NOUN
cblr-10945	114	70	transferred	transfer	VERB
cblr-10945	114	71	the	the	DET
cblr-10945	114	72	ownership	ownership	NOUN
cblr-10945	114	73	of	of	ADP
cblr-10945	114	74	alibaba	alibaba	PROPN
cblr-10945	114	75	group	group	NOUN
cblr-10945	114	76	’s	’s	PART
cblr-10945	114	77	online	online	ADJ
cblr-10945	114	78	payment	payment	NOUN
cblr-10945	114	79	business	business	NOUN
cblr-10945	114	80	,	,	PUNCT
cblr-10945	114	81	alipay	alipay	PROPN
cblr-10945	114	82	,	,	PUNCT
cblr-10945	114	83	to	to	ADP
cblr-10945	114	84	alibaba	alibaba	PROPN
cblr-10945	114	85	’s	’s	PART
cblr-10945	114	86	founder	founder	NOUN
cblr-10945	114	87	and	and	CCONJ
cblr-10945	114	88	majority	majority	NOUN
cblr-10945	114	89	shareholder	shareholder	NOUN
cblr-10945	114	90	,	,	PUNCT
cblr-10945	114	91	jack	jack	PROPN
cblr-10945	114	92	ma.53	ma.53	NOUN
cblr-10945	114	93	as	as	ADP
cblr-10945	114	94	a	a	DET
cblr-10945	114	95	result	result	NOUN
cblr-10945	114	96	,	,	PUNCT
cblr-10945	114	97	alibaba	alibaba	PROPN
cblr-10945	114	98	group	group	NOUN
cblr-10945	114	99	and	and	CCONJ
cblr-10945	114	100	yahoo	yahoo	PROPN
cblr-10945	114	101	(	(	PUNCT
cblr-10945	114	102	a	a	DET
cblr-10945	114	103	principal	principal	ADJ
cblr-10945	114	104	shareholder	shareholder	NOUN
cblr-10945	114	105	in	in	ADP
cblr-10945	114	106	alibaba	alibaba	PROPN
cblr-10945	114	107	group	group	PROPN
cblr-10945	114	108	)	)	PUNCT
cblr-10945	114	109	no	no	ADV
cblr-10945	114	110	longer	long	ADV
cblr-10945	114	111	retained	retain	VERB
cblr-10945	114	112	control	control	NOUN
cblr-10945	114	113	over	over	ADP
cblr-10945	114	114	alipay	alipay	PROPN
cblr-10945	114	115	and	and	CCONJ
cblr-10945	114	116	yahoo	yahoo	PROPN
cblr-10945	114	117	could	could	AUX
cblr-10945	114	118	no	no	ADV
cblr-10945	114	119	longer	long	ADV
cblr-10945	114	120	consolidate	consolidate	VERB
cblr-10945	114	121	alipay	alipay	PROPN
cblr-10945	114	122	into	into	ADP
cblr-10945	114	123	its	its	PRON
cblr-10945	114	124	financial	financial	ADJ
cblr-10945	114	125	statements.54	statements.54	NOUN
cblr-10945	114	126	upon	upon	SCONJ
cblr-10945	114	127	disclosing	disclose	VERB
cblr-10945	114	128	this	this	DET
cblr-10945	114	129	information	information	NOUN
cblr-10945	114	130	,	,	PUNCT
cblr-10945	114	131	yahoo	yahoo	PROPN
cblr-10945	114	132	’s	’s	PART
cblr-10945	114	133	stock	stock	NOUN
cblr-10945	114	134	price	price	NOUN
cblr-10945	114	135	dropped	drop	VERB
cblr-10945	114	136	9.8%.55	9.8%.55	NUM
cblr-10945	114	137	under	under	ADP
cblr-10945	114	138	the	the	DET
cblr-10945	114	139	vie	vie	NOUN
cblr-10945	114	140	structure	structure	NOUN
cblr-10945	114	141	used	use	VERB
cblr-10945	114	142	by	by	ADP
cblr-10945	114	143	alibaba	alibaba	PROPN
cblr-10945	114	144	,	,	PUNCT
cblr-10945	114	145	yahoo	yahoo	PROPN
cblr-10945	114	146	had	have	VERB
cblr-10945	114	147	no	no	DET
cblr-10945	114	148	ability	ability	NOUN
cblr-10945	114	149	to	to	PART
cblr-10945	114	150	restrict	restrict	VERB
cblr-10945	114	151	jack	jack	PROPN
cblr-10945	114	152	ma	ma	PROPN
cblr-10945	114	153	from	from	ADP
cblr-10945	114	154	doing	do	VERB
cblr-10945	114	155	this.56	this.56	NOUN
cblr-10945	114	156	ultimately	ultimately	ADV
cblr-10945	114	157	,	,	PUNCT
cblr-10945	114	158	alibaba	alibaba	PROPN
cblr-10945	114	159	group	group	NOUN
cblr-10945	114	160	,	,	PUNCT
cblr-10945	114	161	yahoo	yahoo	PROPN
cblr-10945	114	162	,	,	PUNCT
cblr-10945	114	163	and	and	CCONJ
cblr-10945	114	164	softbank	softbank	PROPN
cblr-10945	114	165	reached	reach	VERB
cblr-10945	114	166	a	a	DET
cblr-10945	114	167	settlement	settlement	NOUN
cblr-10945	114	168	agreement	agreement	NOUN
cblr-10945	114	169	out	out	ADP
cblr-10945	114	170	of	of	ADP
cblr-10945	114	171	court.57	court.57	PROPN
cblr-10945	114	172	50	50	NUM
cblr-10945	114	173	ma	ma	PROPN
cblr-10945	114	174	mangwei	mangwei	PROPN
cblr-10945	114	175	,	,	PUNCT
cblr-10945	114	176	the	the	DET
cblr-10945	114	177	perils	peril	NOUN
cblr-10945	114	178	and	and	CCONJ
cblr-10945	114	179	prospects	prospect	NOUN
cblr-10945	114	180	of	of	ADP
cblr-10945	114	181	china	china	PROPN
cblr-10945	114	182	’s	’s	PART
cblr-10945	114	183	variable	variable	ADJ
cblr-10945	114	184	interest	interest	NOUN
cblr-10945	114	185	entities	entity	NOUN
cblr-10945	114	186	:	:	PUNCT
cblr-10945	114	187	unraveling	unravel	VERB
cblr-10945	114	188	the	the	DET
cblr-10945	114	189	murky	murky	ADJ
cblr-10945	114	190	rules	rule	NOUN
cblr-10945	114	191	and	and	CCONJ
cblr-10945	114	192	the	the	DET
cblr-10945	114	193	institutional	institutional	ADJ
cblr-10945	114	194	challenges	challenge	NOUN
cblr-10945	114	195	posed	pose	VERB
cblr-10945	114	196	,	,	PUNCT
cblr-10945	114	197	43	43	NUM
cblr-10945	114	198	hong	hong	PROPN
cblr-10945	114	199	kong	kong	PROPN
cblr-10945	114	200	l.j	l.j	PROPN
cblr-10945	114	201	.	.	PROPN
cblr-10945	114	202	1061	1061	NUM
cblr-10945	114	203	,	,	PUNCT
cblr-10945	114	204	1069	1069	NUM
cblr-10945	114	205	(	(	PUNCT
cblr-10945	114	206	2013	2013	NUM
cblr-10945	114	207	)	)	PUNCT
cblr-10945	114	208	.	.	PUNCT
cblr-10945	115	1	51	51	NUM
cblr-10945	115	2	ellis	ellis	PROPN
cblr-10945	115	3	et	et	PROPN
cblr-10945	115	4	al	al	PROPN
cblr-10945	115	5	.	.	PROPN
cblr-10945	115	6	,	,	PUNCT
cblr-10945	115	7	supra	supra	PROPN
cblr-10945	115	8	note	note	PROPN
cblr-10945	115	9	28	28	NUM
cblr-10945	115	10	.	.	PUNCT
cblr-10945	116	1	52	52	NUM
cblr-10945	116	2	gordon	gordon	PROPN
cblr-10945	116	3	g.	g.	PROPN
cblr-10945	116	4	chang	chang	PROPN
cblr-10945	116	5	,	,	PUNCT
cblr-10945	116	6	china	china	PROPN
cblr-10945	116	7	can	can	AUX
cblr-10945	116	8	expropriate	expropriate	VERB
cblr-10945	116	9	alibaba	alibaba	PROPN
cblr-10945	116	10	’s	’s	PART
cblr-10945	116	11	business	business	NOUN
cblr-10945	116	12	—	—	PUNCT
cblr-10945	116	13	and	and	CCONJ
cblr-10945	116	14	it	it	PRON
cblr-10945	116	15	just	just	ADV
cblr-10945	116	16	might	might	AUX
cblr-10945	116	17	,	,	PUNCT
cblr-10945	116	18	forbes	forbes	X
cblr-10945	116	19	(	(	PUNCT
cblr-10945	116	20	may	may	PROPN
cblr-10945	116	21	11	11	NUM
cblr-10945	116	22	,	,	PUNCT
cblr-10945	116	23	2014	2014	NUM
cblr-10945	116	24	,	,	PUNCT
cblr-10945	116	25	6:24	6:24	NUM
cblr-10945	116	26	pm	pm	NOUN
cblr-10945	116	27	)	)	PUNCT
cblr-10945	116	28	,	,	PUNCT
cblr-10945	116	29	https://www.forbes.com/sites/gordonchang/2014/05/11/china-canexpropriate-alibabas-business-and-it-just-might/.	https://www.forbes.com/sites/gordonchang/2014/05/11/china-canexpropriate-alibabas-business-and-it-just-might/.	PROPN
cblr-10945	116	30	.	.	PUNCT
cblr-10945	116	31	.s#sh=560d613b565f	.s#sh=560d613b565f	PUNCT
cblr-10945	117	1	[	[	X
cblr-10945	117	2	https://perma.cc/hlc3-abfw	https://perma.cc/hlc3-abfw	PROPN
cblr-10945	117	3	]	]	PUNCT
cblr-10945	117	4	.	.	PUNCT
cblr-10945	118	1	53	53	NUM
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cblr-10945	119	12	entity	entity	NOUN
cblr-10945	119	13	problem	problem	NOUN
cblr-10945	119	14	:	:	PUNCT
cblr-10945	119	15	how	how	SCONJ
cblr-10945	119	16	americans	americans	PROPN
cblr-10945	119	17	have	have	AUX
cblr-10945	119	18	illegally	illegally	ADV
cblr-10945	119	19	invested	invest	VERB
cblr-10945	119	20	billions	billion	NOUN
cblr-10945	119	21	in	in	ADP
cblr-10945	119	22	china	china	PROPN
cblr-10945	119	23	and	and	CCONJ
cblr-10945	119	24	how	how	SCONJ
cblr-10945	119	25	to	to	PART
cblr-10945	119	26	fix	fix	VERB
cblr-10945	119	27	it	it	PRON
cblr-10945	119	28	,	,	PUNCT
cblr-10945	119	29	84	84	NUM
cblr-10945	119	30	geo	geo	PROPN
cblr-10945	119	31	.	.	PROPN
cblr-10945	119	32	wash	wash	PROPN
cblr-10945	119	33	.	.	PUNCT
cblr-10945	120	1	l.	l.	PROPN
cblr-10945	120	2	rev	rev	PROPN
cblr-10945	120	3	.	.	PROPN
cblr-10945	121	1	539	539	NUM
cblr-10945	121	2	,	,	PUNCT
cblr-10945	121	3	551	551	NUM
cblr-10945	121	4	(	(	PUNCT
cblr-10945	121	5	2016	2016	NUM
cblr-10945	121	6	)	)	PUNCT
cblr-10945	121	7	.	.	PUNCT
cblr-10945	122	1	55	55	NUM
cblr-10945	122	2	fa	fa	NOUN
cblr-10945	122	3	chen	chen	PROPN
cblr-10945	122	4	,	,	PUNCT
cblr-10945	122	5	china	china	PROPN
cblr-10945	122	6	’s	’s	PART
cblr-10945	122	7	recent	recent	ADJ
cblr-10945	122	8	regulation	regulation	NOUN
cblr-10945	122	9	of	of	ADP
cblr-10945	122	10	variable	variable	ADJ
cblr-10945	122	11	interest	interest	NOUN
cblr-10945	122	12	entity	entity	NOUN
cblr-10945	122	13	structures	structure	NOUN
cblr-10945	122	14	has	have	AUX
cblr-10945	122	15	led	lead	VERB
cblr-10945	122	16	to	to	ADP
cblr-10945	122	17	a	a	DET
cblr-10945	122	18	drop	drop	NOUN
cblr-10945	122	19	in	in	ADP
cblr-10945	122	20	chinese	chinese	ADJ
cblr-10945	122	21	companies	company	NOUN
cblr-10945	122	22	’	'	PUNCT
cblr-10945	122	23	us	us	PROPN
cblr-10945	122	24	listings	listing	NOUN
cblr-10945	122	25	,	,	PUNCT
cblr-10945	122	26	oxford	oxford	ADJ
cblr-10945	122	27	bus	bus	NOUN
cblr-10945	122	28	.	.	PUNCT
cblr-10945	123	1	l.	l.	PROPN
cblr-10945	123	2	blog	blog	PROPN
cblr-10945	123	3	(	(	PUNCT
cblr-10945	123	4	apr	apr	PROPN
cblr-10945	123	5	.	.	PROPN
cblr-10945	123	6	19	19	NUM
cblr-10945	123	7	,	,	PUNCT
cblr-10945	123	8	2022	2022	NUM
cblr-10945	123	9	)	)	PUNCT
cblr-10945	123	10	,	,	PUNCT
cblr-10945	123	11	https://www.law.ox.ac.uk/business-lawblog/blog/2022/04/chinas-recent-regulation-variable-interest-entitystructures-has-led	https://www.law.ox.ac.uk/business-lawblog/blog/2022/04/chinas-recent-regulation-variable-interest-entitystructures-has-le	VERB
cblr-10945	123	12	[	[	X
cblr-10945	123	13	https://perma.cc/f6af-faug	https://perma.cc/f6af-faug	X
cblr-10945	123	14	]	]	X
cblr-10945	123	15	.	.	PUNCT
cblr-10945	124	1	56	56	NUM
cblr-10945	124	2	ziegler	ziegler	NOUN
cblr-10945	124	3	,	,	PUNCT
cblr-10945	124	4	supra	supra	PROPN
cblr-10945	124	5	note	note	PROPN
cblr-10945	124	6	54	54	NUM
cblr-10945	124	7	,	,	PUNCT
cblr-10945	124	8	at	at	ADP
cblr-10945	124	9	552	552	NUM
cblr-10945	124	10	.	.	PUNCT
cblr-10945	124	11	57	57	NUM
cblr-10945	124	12	kathrin	kathrin	PROPN
cblr-10945	124	13	hille	hille	PROPN
cblr-10945	124	14	and	and	CCONJ
cblr-10945	124	15	joseph	joseph	PROPN
cblr-10945	124	16	menn	menn	PROPN
cblr-10945	124	17	,	,	PUNCT
cblr-10945	124	18	alibaba	alibaba	PROPN
cblr-10945	124	19	settles	settles	PROPN
cblr-10945	124	20	alipay	alipay	PROPN
cblr-10945	124	21	dispute	dispute	NOUN
cblr-10945	124	22	with	with	ADP
cblr-10945	124	23	yahoo	yahoo	PROPN
cblr-10945	124	24	,	,	PUNCT
cblr-10945	124	25	fin	fin	NOUN
cblr-10945	124	26	.	.	PUNCT
cblr-10945	124	27	times	times	PROPN
cblr-10945	124	28	(	(	PUNCT
cblr-10945	124	29	july	july	PROPN
cblr-10945	124	30	29	29	NUM
cblr-10945	124	31	,	,	PUNCT
cblr-10945	124	32	2011	2011	NUM
cblr-10945	124	33	)	)	PUNCT
cblr-10945	124	34	https://www.ft.com/content/40a66dd2b9ec-11e0-8171-00144feabdc0	https://www.ft.com/content/40a66dd2b9ec-11e0-8171-00144feabdc0	VERB
cblr-10945	125	1	[	[	X
cblr-10945	125	2	on	on	ADP
cblr-10945	125	3	file	file	NOUN
cblr-10945	125	4	with	with	ADP
cblr-10945	125	5	the	the	DET
cblr-10945	125	6	columbia	columbia	PROPN
cblr-10945	125	7	business	business	PROPN
cblr-10945	125	8	law	law	PROPN
cblr-10945	125	9	review	review	PROPN
cblr-10945	125	10	]	]	PUNCT
cblr-10945	125	11	.	.	PROPN
cblr-10945	126	1	1076	1076	NUM
cblr-10945	126	2	columbia	columbia	PROPN
cblr-10945	126	3	business	business	NOUN
cblr-10945	126	4	law	law	PROPN
cblr-10945	126	5	review	review	NOUN
cblr-10945	126	6	[	[	X
cblr-10945	126	7	vol	vol	NOUN
cblr-10945	126	8	.	.	PUNCT
cblr-10945	126	9	2022	2022	NUM
cblr-10945	126	10	because	because	SCONJ
cblr-10945	126	11	the	the	DET
cblr-10945	126	12	vie	vie	PROPN
cblr-10945	126	13	’s	’s	PART
cblr-10945	126	14	chinese	chinese	ADJ
cblr-10945	126	15	shareholders	shareholder	NOUN
cblr-10945	126	16	are	be	AUX
cblr-10945	126	17	often	often	ADV
cblr-10945	126	18	natural	natural	ADJ
cblr-10945	126	19	persons	person	NOUN
cblr-10945	126	20	,	,	PUNCT
cblr-10945	126	21	their	their	PRON
cblr-10945	126	22	divorce	divorce	NOUN
cblr-10945	126	23	or	or	CCONJ
cblr-10945	126	24	death	death	NOUN
cblr-10945	126	25	is	be	AUX
cblr-10945	126	26	another	another	DET
cblr-10945	126	27	risk	risk	NOUN
cblr-10945	126	28	for	for	ADP
cblr-10945	126	29	foreign	foreign	ADJ
cblr-10945	126	30	investors.58	investors.58	NOUN
cblr-10945	126	31	an	an	DET
cblr-10945	126	32	example	example	NOUN
cblr-10945	126	33	is	be	AUX
cblr-10945	126	34	the	the	DET
cblr-10945	126	35	divorce	divorce	NOUN
cblr-10945	126	36	of	of	ADP
cblr-10945	126	37	tudou	tudou	NOUN
cblr-10945	126	38	’s	’s	PART
cblr-10945	126	39	(	(	PUNCT
cblr-10945	126	40	china	china	PROPN
cblr-10945	126	41	’s	’s	PART
cblr-10945	126	42	youtube	youtube	PROPN
cblr-10945	126	43	equivalent	equivalent	NOUN
cblr-10945	126	44	)	)	PUNCT
cblr-10945	126	45	founder	founder	NOUN
cblr-10945	126	46	that	that	PRON
cblr-10945	126	47	delayed	delay	VERB
cblr-10945	126	48	tudou	tudou	NOUN
cblr-10945	126	49	’s	’s	PART
cblr-10945	126	50	listing	list	VERB
cblr-10945	126	51	abroad.59	abroad.59	NOUN
cblr-10945	126	52	the	the	DET
cblr-10945	126	53	former	former	ADJ
cblr-10945	126	54	wife	wife	NOUN
cblr-10945	126	55	of	of	ADP
cblr-10945	126	56	the	the	DET
cblr-10945	126	57	founder	founder	NOUN
cblr-10945	126	58	,	,	PUNCT
cblr-10945	126	59	chairman	chairman	NOUN
cblr-10945	126	60	,	,	PUNCT
cblr-10945	126	61	and	and	CCONJ
cblr-10945	126	62	ceo	ceo	NOUN
cblr-10945	126	63	of	of	ADP
cblr-10945	126	64	tudou	tudou	NOUN
cblr-10945	126	65	brought	bring	VERB
cblr-10945	126	66	suit	suit	NOUN
cblr-10945	126	67	in	in	ADP
cblr-10945	126	68	chinese	chinese	ADJ
cblr-10945	126	69	family	family	NOUN
cblr-10945	126	70	court	court	NOUN
cblr-10945	126	71	,	,	PUNCT
cblr-10945	126	72	claiming	claim	VERB
cblr-10945	126	73	that	that	SCONJ
cblr-10945	126	74	the	the	DET
cblr-10945	126	75	ceo	ceo	NOUN
cblr-10945	126	76	’s	’s	PART
cblr-10945	126	77	equity	equity	NOUN
cblr-10945	126	78	stake	stake	NOUN
cblr-10945	126	79	of	of	ADP
cblr-10945	126	80	the	the	DET
cblr-10945	126	81	tudou	tudou	NOUN
cblr-10945	126	82	vie	vie	PROPN
cblr-10945	126	83	constituted	constitute	VERB
cblr-10945	126	84	community	community	NOUN
cblr-10945	126	85	property.60	property.60	PROPN
cblr-10945	126	86	the	the	DET
cblr-10945	126	87	company	company	NOUN
cblr-10945	126	88	had	have	VERB
cblr-10945	126	89	to	to	PART
cblr-10945	126	90	delay	delay	VERB
cblr-10945	126	91	its	its	PRON
cblr-10945	126	92	ipo	ipo	NOUN
cblr-10945	126	93	“	"	PUNCT
cblr-10945	126	94	for	for	ADP
cblr-10945	126	95	six	six	NUM
cblr-10945	126	96	months	month	NOUN
cblr-10945	126	97	until	until	SCONJ
cblr-10945	126	98	the	the	DET
cblr-10945	126	99	ceo	ceo	NOUN
cblr-10945	126	100	had	have	AUX
cblr-10945	126	101	reached	reach	VERB
cblr-10945	126	102	a	a	DET
cblr-10945	126	103	settlement	settlement	NOUN
cblr-10945	126	104	with	with	ADP
cblr-10945	126	105	his	his	PRON
cblr-10945	126	106	former	former	ADJ
cblr-10945	126	107	wife	wife	NOUN
cblr-10945	126	108	,	,	PUNCT
cblr-10945	126	109	”	"	PUNCT
cblr-10945	126	110	likely	likely	ADV
cblr-10945	126	111	reducing	reduce	VERB
cblr-10945	126	112	“	"	PUNCT
cblr-10945	126	113	the	the	DET
cblr-10945	126	114	value	value	NOUN
cblr-10945	126	115	at	at	ADP
cblr-10945	126	116	which	which	PRON
cblr-10945	126	117	tudou	tudou	NOUN
cblr-10945	126	118	was	be	AUX
cblr-10945	126	119	ultimately	ultimately	ADV
cblr-10945	126	120	able	able	ADJ
cblr-10945	126	121	to	to	PART
cblr-10945	126	122	list	list	VERB
cblr-10945	126	123	its	its	PRON
cblr-10945	126	124	shares	share	NOUN
cblr-10945	126	125	.	.	PUNCT
cblr-10945	127	1	”61	”61	NOUN
cblr-10945	127	2	despite	despite	SCONJ
cblr-10945	127	3	the	the	DET
cblr-10945	127	4	risk	risk	NOUN
cblr-10945	127	5	posed	pose	VERB
cblr-10945	127	6	by	by	ADP
cblr-10945	127	7	the	the	DET
cblr-10945	127	8	structure	structure	NOUN
cblr-10945	127	9	’s	’s	PART
cblr-10945	127	10	dubious	dubious	ADJ
cblr-10945	127	11	legal	legal	ADJ
cblr-10945	127	12	status	status	NOUN
cblr-10945	127	13	in	in	ADP
cblr-10945	127	14	china,62	china,62	NOUN
cblr-10945	127	15	it	it	PRON
cblr-10945	127	16	has	have	AUX
cblr-10945	127	17	proliferated	proliferate	VERB
cblr-10945	127	18	:	:	PUNCT
cblr-10945	127	19	more	more	ADJ
cblr-10945	127	20	than	than	SCONJ
cblr-10945	127	21	“	"	PUNCT
cblr-10945	127	22	80	80	NUM
cblr-10945	127	23	%	%	NOUN
cblr-10945	127	24	of	of	ADP
cblr-10945	127	25	all	all	DET
cblr-10945	127	26	u.s.-listed	u.s.-listed	ADJ
cblr-10945	127	27	chinese	chinese	ADJ
cblr-10945	127	28	companies	company	NOUN
cblr-10945	127	29	operate	operate	VERB
cblr-10945	127	30	vies	vie	NOUN
cblr-10945	127	31	that	that	PRON
cblr-10945	127	32	are	be	AUX
cblr-10945	127	33	material	material	ADJ
cblr-10945	127	34	to	to	ADP
cblr-10945	127	35	their	their	PRON
cblr-10945	127	36	operations	operation	NOUN
cblr-10945	127	37	.	.	PUNCT
cblr-10945	128	1	”63	”63	PROPN
cblr-10945	128	2	further	far	ADV
cblr-10945	128	3	,	,	PUNCT
cblr-10945	128	4	nearly	nearly	ADV
cblr-10945	128	5	all	all	PRON
cblr-10945	128	6	chinese	chinese	ADJ
cblr-10945	128	7	technology	technology	NOUN
cblr-10945	128	8	company	company	NOUN
cblr-10945	128	9	use	use	VERB
cblr-10945	128	10	vie	vie	NOUN
cblr-10945	128	11	structures	structure	NOUN
cblr-10945	128	12	when	when	SCONJ
cblr-10945	128	13	listing	list	VERB
cblr-10945	128	14	on	on	ADP
cblr-10945	128	15	u.s	u.s	PROPN
cblr-10945	128	16	.	.	PROPN
cblr-10945	128	17	stock	stock	NOUN
cblr-10945	128	18	exchanges	exchange	NOUN
cblr-10945	128	19	“	"	PUNCT
cblr-10945	128	20	to	to	PART
cblr-10945	128	21	circumvent	circumvent	VERB
cblr-10945	128	22	chinese	chinese	ADJ
cblr-10945	128	23	restrictions	restriction	NOUN
cblr-10945	128	24	on	on	ADP
cblr-10945	128	25	foreign	foreign	ADJ
cblr-10945	128	26	investments	investment	NOUN
cblr-10945	128	27	in	in	ADP
cblr-10945	128	28	domestic	domestic	ADJ
cblr-10945	128	29	businesses	business	NOUN
cblr-10945	128	30	.	.	PUNCT
cblr-10945	129	1	”64	”64	PROPN
cblr-10945	129	2	b.	b.	PROPN
cblr-10945	129	3	u.s	u.s	PROPN
cblr-10945	129	4	.	.	PROPN
cblr-10945	129	5	congressional	congressional	ADJ
cblr-10945	129	6	and	and	CCONJ
cblr-10945	129	7	regulatory	regulatory	ADJ
cblr-10945	129	8	responses	response	NOUN
cblr-10945	129	9	to	to	PART
cblr-10945	129	10	mitigate	mitigate	VERB
cblr-10945	129	11	the	the	DET
cblr-10945	129	12	risk	risk	NOUN
cblr-10945	129	13	american	american	ADJ
cblr-10945	129	14	investors	investor	NOUN
cblr-10945	129	15	face	face	VERB
cblr-10945	129	16	from	from	ADP
cblr-10945	129	17	vies	vie	NOUN
cblr-10945	129	18	,	,	PUNCT
cblr-10945	129	19	financial	financial	ADJ
cblr-10945	129	20	regulatory	regulatory	ADJ
cblr-10945	129	21	agencies	agency	NOUN
cblr-10945	129	22	in	in	ADP
cblr-10945	129	23	the	the	DET
cblr-10945	129	24	united	united	PROPN
cblr-10945	129	25	states	states	PROPN
cblr-10945	129	26	have	have	AUX
cblr-10945	129	27	responded	respond	VERB
cblr-10945	129	28	in	in	ADP
cblr-10945	129	29	a	a	DET
cblr-10945	129	30	variety	variety	NOUN
cblr-10945	129	31	of	of	ADP
cblr-10945	129	32	ways	way	NOUN
cblr-10945	129	33	.	.	PUNCT
cblr-10945	130	1	the	the	DET
cblr-10945	130	2	sec	sec	PROPN
cblr-10945	130	3	has	have	AUX
cblr-10945	130	4	primarily	primarily	ADV
cblr-10945	130	5	relied	rely	VERB
cblr-10945	130	6	on	on	ADP
cblr-10945	130	7	a	a	DET
cblr-10945	130	8	system	system	NOUN
cblr-10945	130	9	of	of	ADP
cblr-10945	130	10	disclosures	disclosure	NOUN
cblr-10945	130	11	to	to	PART
cblr-10945	130	12	eliminate	eliminate	VERB
cblr-10945	130	13	abuse	abuse	NOUN
cblr-10945	130	14	and	and	CCONJ
cblr-10945	130	15	retain	retain	VERB
cblr-10945	130	16	investor	investor	NOUN
cblr-10945	130	17	confidence.65	confidence.65	NOUN
cblr-10945	130	18	by	by	ADP
cblr-10945	130	19	not	not	PART
cblr-10945	130	20	dictating	dictate	VERB
cblr-10945	130	21	corporate	corporate	ADJ
cblr-10945	130	22	action	action	NOUN
cblr-10945	130	23	but	but	CCONJ
cblr-10945	130	24	58	58	NUM
cblr-10945	130	25	ellis	ellis	PROPN
cblr-10945	130	26	et	et	PROPN
cblr-10945	130	27	al	al	PROPN
cblr-10945	130	28	.	.	PROPN
cblr-10945	130	29	,	,	PUNCT
cblr-10945	130	30	supra	supra	PROPN
cblr-10945	130	31	note	note	PROPN
cblr-10945	130	32	28	28	NUM
cblr-10945	130	33	.	.	PUNCT
cblr-10945	131	1	59	59	NUM
cblr-10945	131	2	serena	serena	PROPN
cblr-10945	131	3	y.	y.	PROPN
cblr-10945	131	4	shi	shi	PROPN
cblr-10945	131	5	,	,	PUNCT
cblr-10945	131	6	dragon	dragon	PROPN
cblr-10945	131	7	’s	’s	PART
cblr-10945	131	8	house	house	PROPN
cblr-10945	131	9	of	of	ADP
cblr-10945	131	10	cards	card	NOUN
cblr-10945	131	11	:	:	PUNCT
cblr-10945	131	12	perils	peril	NOUN
cblr-10945	131	13	of	of	ADP
cblr-10945	131	14	investing	invest	VERB
cblr-10945	131	15	in	in	ADP
cblr-10945	131	16	variable	variable	ADJ
cblr-10945	131	17	interest	interest	NOUN
cblr-10945	131	18	entities	entity	NOUN
cblr-10945	131	19	domiciled	domicile	VERB
cblr-10945	131	20	in	in	ADP
cblr-10945	131	21	the	the	DET
cblr-10945	131	22	people	people	NOUN
cblr-10945	131	23	’s	’s	PART
cblr-10945	131	24	republic	republic	NOUN
cblr-10945	131	25	of	of	ADP
cblr-10945	131	26	china	china	PROPN
cblr-10945	131	27	and	and	CCONJ
cblr-10945	131	28	listed	list	VERB
cblr-10945	131	29	in	in	ADP
cblr-10945	131	30	the	the	DET
cblr-10945	131	31	united	united	PROPN
cblr-10945	131	32	states	states	PROPN
cblr-10945	131	33	,	,	PUNCT
cblr-10945	131	34	37	37	NUM
cblr-10945	131	35	fordham	fordham	PROPN
cblr-10945	131	36	int’l	int’l	PROPN
cblr-10945	131	37	l.j	l.j	PROPN
cblr-10945	131	38	.	.	PROPN
cblr-10945	131	39	1265	1265	NUM
cblr-10945	131	40	,	,	PUNCT
cblr-10945	131	41	1293	1293	NUM
cblr-10945	131	42	(	(	PUNCT
cblr-10945	131	43	2014	2014	NUM
cblr-10945	131	44	)	)	PUNCT
cblr-10945	131	45	.	.	PUNCT
cblr-10945	132	1	60	60	NUM
cblr-10945	132	2	ellis	ellis	PROPN
cblr-10945	132	3	et	et	PROPN
cblr-10945	132	4	al	al	PROPN
cblr-10945	132	5	.	.	PROPN
cblr-10945	132	6	,	,	PUNCT
cblr-10945	132	7	supra	supra	PROPN
cblr-10945	132	8	note	note	PROPN
cblr-10945	132	9	28	28	NUM
cblr-10945	132	10	.	.	PUNCT
cblr-10945	133	1	61	61	NUM
cblr-10945	134	1	i	i	PRON
cblr-10945	134	2	d.	d.	PROPN
cblr-10945	134	3	62	62	NUM
cblr-10945	134	4	sutter	sutter	NOUN
cblr-10945	134	5	,	,	PUNCT
cblr-10945	134	6	supra	supra	PROPN
cblr-10945	134	7	note	note	NOUN
cblr-10945	134	8	9	9	NUM
cblr-10945	134	9	(	(	PUNCT
cblr-10945	134	10	“	"	PUNCT
cblr-10945	134	11	vie	vie	PROPN
cblr-10945	134	12	arrangements	arrangement	NOUN
cblr-10945	134	13	appear	appear	VERB
cblr-10945	134	14	to	to	PART
cblr-10945	134	15	have	have	VERB
cblr-10945	134	16	no	no	DET
cblr-10945	134	17	definitive	definitive	ADJ
cblr-10945	134	18	legal	legal	ADJ
cblr-10945	134	19	standing	standing	NOUN
cblr-10945	134	20	in	in	ADP
cblr-10945	134	21	china	china	PROPN
cblr-10945	134	22	,	,	PUNCT
cblr-10945	134	23	which	which	PRON
cblr-10945	134	24	may	may	AUX
cblr-10945	134	25	leave	leave	VERB
cblr-10945	134	26	u.s	u.s	PROPN
cblr-10945	134	27	.	.	PROPN
cblr-10945	134	28	investors	investor	NOUN
cblr-10945	134	29	without	without	ADP
cblr-10945	134	30	recourse	recourse	NOUN
cblr-10945	134	31	.	.	PUNCT
cblr-10945	134	32	”	"	PUNCT
cblr-10945	134	33	)	)	PUNCT
cblr-10945	134	34	.	.	PUNCT
cblr-10945	135	1	63	63	NUM
cblr-10945	135	2	yang	yang	PROPN
cblr-10945	135	3	,	,	PUNCT
cblr-10945	135	4	supra	supra	PROPN
cblr-10945	135	5	note	note	NOUN
cblr-10945	135	6	5	5	NUM
cblr-10945	135	7	.	.	NOUN
cblr-10945	135	8	64	64	NUM
cblr-10945	135	9	i	i	PRON
cblr-10945	135	10	d.	d.	PROPN
cblr-10945	135	11	65	65	NUM
cblr-10945	135	12	ripken	ripken	PROPN
cblr-10945	135	13	,	,	PUNCT
cblr-10945	135	14	supra	supra	PROPN
cblr-10945	135	15	note	note	PROPN
cblr-10945	135	16	19	19	NUM
cblr-10945	135	17	,	,	PUNCT
cblr-10945	135	18	at	at	ADP
cblr-10945	135	19	150–51	150–51	NUM
cblr-10945	135	20	.	.	PUNCT
cblr-10945	136	1	no	no	INTJ
cblr-10945	136	2	.	.	NOUN
cblr-10945	137	1	2:1066	2:1066	NUM
cblr-10945	137	2	]	]	PUNCT
cblr-10945	137	3	the	the	DET
cblr-10945	137	4	sec	sec	PROPN
cblr-10945	137	5	’s	’s	PART
cblr-10945	137	6	vie	vie	PROPN
cblr-10945	137	7	problem	problem	NOUN
cblr-10945	137	8	1077	1077	NUM
cblr-10945	137	9	merely	merely	ADV
cblr-10945	137	10	requiring	require	VERB
cblr-10945	137	11	disclosure	disclosure	NOUN
cblr-10945	137	12	,	,	PUNCT
cblr-10945	137	13	the	the	DET
cblr-10945	137	14	agency	agency	NOUN
cblr-10945	137	15	allows	allow	VERB
cblr-10945	137	16	investors	investor	NOUN
cblr-10945	137	17	to	to	PART
cblr-10945	137	18	choose	choose	VERB
cblr-10945	137	19	for	for	ADP
cblr-10945	137	20	themselves	themselves	PRON
cblr-10945	137	21	what	what	PRON
cblr-10945	137	22	they	they	PRON
cblr-10945	137	23	deem	deem	VERB
cblr-10945	137	24	acceptable.66	acceptable.66	NOUN
cblr-10945	137	25	however	however	ADV
cblr-10945	137	26	,	,	PUNCT
cblr-10945	137	27	there	there	PRON
cblr-10945	137	28	are	be	VERB
cblr-10945	137	29	exceptions	exception	NOUN
cblr-10945	137	30	to	to	ADP
cblr-10945	137	31	this	this	DET
cblr-10945	137	32	general	general	ADJ
cblr-10945	137	33	rule	rule	NOUN
cblr-10945	137	34	of	of	ADP
cblr-10945	137	35	disclosure	disclosure	NOUN
cblr-10945	137	36	.	.	PUNCT
cblr-10945	138	1	for	for	ADP
cblr-10945	138	2	example	example	NOUN
cblr-10945	138	3	,	,	PUNCT
cblr-10945	138	4	the	the	DET
cblr-10945	138	5	sarbanes	sarbanes	PROPN
cblr-10945	138	6	-	-	PUNCT
cblr-10945	138	7	oxley	oxley	ADJ
cblr-10945	138	8	act	act	NOUN
cblr-10945	138	9	of	of	ADP
cblr-10945	138	10	2002	2002	NUM
cblr-10945	138	11	created	create	VERB
cblr-10945	138	12	substantive	substantive	ADJ
cblr-10945	138	13	rules	rule	NOUN
cblr-10945	138	14	for	for	ADP
cblr-10945	138	15	public	public	ADJ
cblr-10945	138	16	securities.67	securities.67	NOUN
cblr-10945	138	17	for	for	ADP
cblr-10945	138	18	one	one	NUM
cblr-10945	138	19	,	,	PUNCT
cblr-10945	138	20	it	it	PRON
cblr-10945	138	21	created	create	VERB
cblr-10945	138	22	the	the	DET
cblr-10945	138	23	public	public	ADJ
cblr-10945	138	24	company	company	NOUN
cblr-10945	138	25	accounting	accounting	NOUN
cblr-10945	138	26	oversight	oversight	NOUN
cblr-10945	138	27	board	board	NOUN
cblr-10945	138	28	(	(	PUNCT
cblr-10945	138	29	“	"	PUNCT
cblr-10945	138	30	pcaob”).68	pcaob”).68	PROPN
cblr-10945	138	31	the	the	DET
cblr-10945	138	32	pcaob	pcaob	NOUN
cblr-10945	138	33	is	be	AUX
cblr-10945	138	34	“	"	PUNCT
cblr-10945	138	35	a	a	DET
cblr-10945	138	36	nonprofit	nonprofit	ADJ
cblr-10945	138	37	entity	entity	NOUN
cblr-10945	138	38	created	create	VERB
cblr-10945	138	39	by	by	ADP
cblr-10945	138	40	congress	congress	PROPN
cblr-10945	138	41	to	to	PART
cblr-10945	138	42	oversee	oversee	VERB
cblr-10945	138	43	audits	audits	NOUN
cblr-10945	138	44	of	of	ADP
cblr-10945	138	45	u.s.-listed	u.s.-listed	ADJ
cblr-10945	138	46	firms”—essentially	firms”—essentially	ADV
cblr-10945	138	47	auditing	audit	VERB
cblr-10945	138	48	the	the	DET
cblr-10945	138	49	auditors.69	auditors.69	NOUN
cblr-10945	138	50	the	the	DET
cblr-10945	138	51	act	act	NOUN
cblr-10945	138	52	includes	include	VERB
cblr-10945	138	53	a	a	DET
cblr-10945	138	54	prohibition	prohibition	NOUN
cblr-10945	138	55	on	on	ADP
cblr-10945	138	56	corporations	corporation	NOUN
cblr-10945	138	57	extending	extend	VERB
cblr-10945	138	58	personal	personal	ADJ
cblr-10945	138	59	loans	loan	NOUN
cblr-10945	138	60	to	to	ADP
cblr-10945	138	61	corporate	corporate	ADJ
cblr-10945	138	62	directors	director	NOUN
cblr-10945	138	63	and	and	CCONJ
cblr-10945	138	64	officers	officer	NOUN
cblr-10945	138	65	,	,	PUNCT
cblr-10945	138	66	and	and	CCONJ
cblr-10945	138	67	it	it	PRON
cblr-10945	138	68	directly	directly	ADV
cblr-10945	138	69	prohibits	prohibit	VERB
cblr-10945	138	70	auditors	auditor	NOUN
cblr-10945	138	71	from	from	ADP
cblr-10945	138	72	performing	perform	VERB
cblr-10945	138	73	other	other	ADJ
cblr-10945	138	74	non	non	ADJ
cblr-10945	138	75	-	-	ADJ
cblr-10945	138	76	audit	audit	ADJ
cblr-10945	138	77	services	service	NOUN
cblr-10945	138	78	for	for	ADP
cblr-10945	138	79	their	their	PRON
cblr-10945	138	80	corporate	corporate	ADJ
cblr-10945	138	81	clients	client	NOUN
cblr-10945	138	82	,	,	PUNCT
cblr-10945	138	83	such	such	ADJ
cblr-10945	138	84	as	as	ADP
cblr-10945	138	85	bookkeeping	bookkeeping	NOUN
cblr-10945	138	86	,	,	PUNCT
cblr-10945	138	87	appraisal	appraisal	NOUN
cblr-10945	138	88	or	or	CCONJ
cblr-10945	138	89	valuation	valuation	NOUN
cblr-10945	138	90	services.70	services.70	ADJ
cblr-10945	138	91	as	as	ADP
cblr-10945	138	92	a	a	DET
cblr-10945	138	93	hybrid	hybrid	NOUN
cblr-10945	138	94	between	between	ADP
cblr-10945	138	95	pure	pure	ADJ
cblr-10945	138	96	disclosure	disclosure	NOUN
cblr-10945	138	97	and	and	CCONJ
cblr-10945	138	98	substantive	substantive	ADJ
cblr-10945	138	99	regulation	regulation	NOUN
cblr-10945	138	100	,	,	PUNCT
cblr-10945	138	101	the	the	DET
cblr-10945	138	102	act	act	NOUN
cblr-10945	138	103	also	also	ADV
cblr-10945	138	104	includes	include	VERB
cblr-10945	138	105	adopt	adopt	VERB
cblr-10945	138	106	-	-	PUNCT
cblr-10945	138	107	or	or	CCONJ
cblr-10945	138	108	-	-	PUNCT
cblr-10945	138	109	disclose	disclose	NOUN
cblr-10945	138	110	provisions.71	provisions.71	NOUN
cblr-10945	138	111	the	the	DET
cblr-10945	138	112	act	act	NOUN
cblr-10945	138	113	requires	require	VERB
cblr-10945	138	114	corporations	corporation	NOUN
cblr-10945	138	115	to	to	PART
cblr-10945	138	116	disclose	disclose	VERB
cblr-10945	138	117	whether	whether	SCONJ
cblr-10945	138	118	they	they	PRON
cblr-10945	138	119	have	have	VERB
cblr-10945	138	120	at	at	ADV
cblr-10945	138	121	least	least	ADJ
cblr-10945	138	122	one	one	NUM
cblr-10945	138	123	“	"	PUNCT
cblr-10945	138	124	financial	financial	ADJ
cblr-10945	138	125	expert	expert	NOUN
cblr-10945	138	126	”	"	PUNCT
cblr-10945	138	127	on	on	ADP
cblr-10945	138	128	the	the	DET
cblr-10945	138	129	board	board	NOUN
cblr-10945	138	130	of	of	ADP
cblr-10945	138	131	directors	director	NOUN
cblr-10945	138	132	’	’	PART
cblr-10945	138	133	audit	audit	NOUN
cblr-10945	138	134	committee	committee	NOUN
cblr-10945	138	135	—	—	PUNCT
cblr-10945	138	136	if	if	SCONJ
cblr-10945	138	137	the	the	DET
cblr-10945	138	138	corporation	corporation	NOUN
cblr-10945	138	139	does	do	AUX
cblr-10945	138	140	not	not	PART
cblr-10945	138	141	have	have	VERB
cblr-10945	138	142	a	a	DET
cblr-10945	138	143	financial	financial	ADJ
cblr-10945	138	144	expert	expert	NOUN
cblr-10945	138	145	,	,	PUNCT
cblr-10945	138	146	the	the	DET
cblr-10945	138	147	company	company	NOUN
cblr-10945	138	148	must	must	AUX
cblr-10945	138	149	provide	provide	VERB
cblr-10945	138	150	an	an	DET
cblr-10945	138	151	explanation.72	explanation.72	NOUN
cblr-10945	138	152	the	the	DET
cblr-10945	138	153	act	act	NOUN
cblr-10945	138	154	also	also	ADV
cblr-10945	138	155	requires	require	VERB
cblr-10945	138	156	corporations	corporation	NOUN
cblr-10945	138	157	to	to	PART
cblr-10945	138	158	adopt	adopt	VERB
cblr-10945	138	159	a	a	DET
cblr-10945	138	160	code	code	NOUN
cblr-10945	138	161	of	of	ADP
cblr-10945	138	162	ethics	ethic	NOUN
cblr-10945	138	163	for	for	ADP
cblr-10945	138	164	senior	senior	ADJ
cblr-10945	138	165	financial	financial	ADJ
cblr-10945	138	166	officers	officer	NOUN
cblr-10945	138	167	—	—	PUNCT
cblr-10945	138	168	if	if	SCONJ
cblr-10945	138	169	a	a	DET
cblr-10945	138	170	code	code	NOUN
cblr-10945	138	171	of	of	ADP
cblr-10945	138	172	ethics	ethic	NOUN
cblr-10945	138	173	is	be	AUX
cblr-10945	138	174	not	not	PART
cblr-10945	138	175	adopted	adopt	VERB
cblr-10945	138	176	,	,	PUNCT
cblr-10945	138	177	the	the	DET
cblr-10945	138	178	company	company	NOUN
cblr-10945	138	179	must	must	AUX
cblr-10945	138	180	explain	explain	VERB
cblr-10945	138	181	why	why	SCONJ
cblr-10945	138	182	not.73	not.73	VERB
cblr-10945	138	183	the	the	DET
cblr-10945	138	184	regulatory	regulatory	ADJ
cblr-10945	138	185	regime	regime	NOUN
cblr-10945	138	186	for	for	ADP
cblr-10945	138	187	vies	vie	NOUN
cblr-10945	138	188	,	,	PUNCT
cblr-10945	138	189	however	however	ADV
cblr-10945	138	190	,	,	PUNCT
cblr-10945	138	191	typifies	typify	VERB
cblr-10945	138	192	the	the	DET
cblr-10945	138	193	sec	sec	PROPN
cblr-10945	138	194	’s	’s	PART
cblr-10945	138	195	pure	pure	ADJ
cblr-10945	138	196	disclosure	disclosure	NOUN
cblr-10945	138	197	approach	approach	NOUN
cblr-10945	138	198	.	.	PUNCT
cblr-10945	139	1	instead	instead	ADV
cblr-10945	139	2	of	of	ADP
cblr-10945	139	3	taking	take	VERB
cblr-10945	139	4	a	a	DET
cblr-10945	139	5	substantive	substantive	ADJ
cblr-10945	139	6	,	,	PUNCT
cblr-10945	139	7	or	or	CCONJ
cblr-10945	139	8	semi	semi	ADJ
cblr-10945	139	9	-	-	ADJ
cblr-10945	139	10	substantive	substantive	ADJ
cblr-10945	139	11	,	,	PUNCT
cblr-10945	139	12	approach	approach	NOUN
cblr-10945	139	13	to	to	ADP
cblr-10945	139	14	regulating	regulate	VERB
cblr-10945	139	15	vies	vie	NOUN
cblr-10945	139	16	,	,	PUNCT
cblr-10945	139	17	the	the	DET
cblr-10945	139	18	sec	sec	PROPN
cblr-10945	139	19	merely	merely	ADV
cblr-10945	139	20	requires	require	VERB
cblr-10945	139	21	risks	risk	NOUN
cblr-10945	139	22	be	be	AUX
cblr-10945	139	23	disclosed	disclose	VERB
cblr-10945	139	24	.	.	PUNCT
cblr-10945	140	1	buried	bury	VERB
cblr-10945	140	2	within	within	ADP
cblr-10945	140	3	dense	dense	ADJ
cblr-10945	140	4	,	,	PUNCT
cblr-10945	140	5	lengthy	lengthy	ADJ
cblr-10945	140	6	,	,	PUNCT
cblr-10945	140	7	and	and	CCONJ
cblr-10945	140	8	complicated	complicated	ADJ
cblr-10945	140	9	disclosure	disclosure	NOUN
cblr-10945	140	10	documents,74	documents,74	NOUN
cblr-10945	140	11	local	local	ADJ
cblr-10945	140	12	counsel	counsel	NOUN
cblr-10945	140	13	in	in	ADP
cblr-10945	140	14	china	china	PROPN
cblr-10945	140	15	often	often	ADV
cblr-10945	140	16	opine	opine	VERB
cblr-10945	140	17	that	that	SCONJ
cblr-10945	140	18	the	the	DET
cblr-10945	140	19	vie	vie	PROPN
cblr-10945	140	20	66	66	NUM
cblr-10945	140	21	i	i	PRON
cblr-10945	140	22	d.	d.	PROPN
cblr-10945	140	23	at	at	ADP
cblr-10945	140	24	151	151	NUM
cblr-10945	140	25	(	(	PUNCT
cblr-10945	140	26	“	"	PUNCT
cblr-10945	140	27	so	so	ADV
cblr-10945	140	28	long	long	ADV
cblr-10945	140	29	as	as	SCONJ
cblr-10945	140	30	corporations	corporation	NOUN
cblr-10945	140	31	disclosed	disclose	VERB
cblr-10945	140	32	all	all	DET
cblr-10945	140	33	material	material	ADJ
cblr-10945	140	34	information	information	NOUN
cblr-10945	140	35	about	about	ADP
cblr-10945	140	36	their	their	PRON
cblr-10945	140	37	operations	operation	NOUN
cblr-10945	140	38	and	and	CCONJ
cblr-10945	140	39	their	their	PRON
cblr-10945	140	40	securities	security	NOUN
cblr-10945	140	41	,	,	PUNCT
cblr-10945	140	42	investors	investor	NOUN
cblr-10945	140	43	could	could	AUX
cblr-10945	140	44	make	make	VERB
cblr-10945	140	45	their	their	PRON
cblr-10945	140	46	own	own	ADJ
cblr-10945	140	47	investment	investment	NOUN
cblr-10945	140	48	decisions	decision	NOUN
cblr-10945	140	49	.	.	PUNCT
cblr-10945	140	50	”	"	PUNCT
cblr-10945	140	51	)	)	PUNCT
cblr-10945	140	52	.	.	PUNCT
cblr-10945	141	1	67	67	NUM
cblr-10945	142	1	i	i	PRON
cblr-10945	142	2	d.	d.	PROPN
cblr-10945	142	3	at	at	ADP
cblr-10945	142	4	141	141	NUM
cblr-10945	142	5	.	.	PUNCT
cblr-10945	143	1	68	68	NUM
cblr-10945	143	2	15	15	NUM
cblr-10945	143	3	u.s.c	u.s.c	NOUN
cblr-10945	143	4	.	.	PUNCT
cblr-10945	144	1	§	§	PROPN
cblr-10945	144	2	7211	7211	NUM
cblr-10945	144	3	(	(	PUNCT
cblr-10945	144	4	2010	2010	NUM
cblr-10945	144	5	)	)	PUNCT
cblr-10945	144	6	.	.	PUNCT
cblr-10945	145	1	69	69	NUM
cblr-10945	145	2	sutter	sutter	NOUN
cblr-10945	145	3	,	,	PUNCT
cblr-10945	145	4	supra	supra	PROPN
cblr-10945	145	5	note	note	NOUN
cblr-10945	145	6	9	9	NUM
cblr-10945	145	7	.	.	X
cblr-10945	145	8	70	70	NUM
cblr-10945	145	9	ripken	ripken	PROPN
cblr-10945	145	10	,	,	PUNCT
cblr-10945	145	11	supra	supra	PROPN
cblr-10945	145	12	note	note	PROPN
cblr-10945	145	13	19	19	NUM
cblr-10945	145	14	,	,	PUNCT
cblr-10945	145	15	at	at	ADP
cblr-10945	145	16	142–43	142–43	NUM
cblr-10945	145	17	.	.	PUNCT
cblr-10945	145	18	71	71	NUM
cblr-10945	146	1	i	i	PRON
cblr-10945	146	2	d.	d.	PROPN
cblr-10945	146	3	at	at	ADP
cblr-10945	146	4	144	144	NUM
cblr-10945	146	5	.	.	PUNCT
cblr-10945	146	6	72	72	NUM
cblr-10945	147	1	i	i	PRON
cblr-10945	147	2	d.	d.	PROPN
cblr-10945	147	3	73	73	NUM
cblr-10945	148	1	i	i	PRON
cblr-10945	148	2	d.	d.	PROPN
cblr-10945	148	3	at	at	ADP
cblr-10945	148	4	145	145	NUM
cblr-10945	148	5	.	.	PUNCT
cblr-10945	149	1	74	74	NUM
cblr-10945	149	2	alibaba	alibaba	PROPN
cblr-10945	149	3	tweaks	tweak	VERB
cblr-10945	149	4	a	a	DET
cblr-10945	149	5	controversial	controversial	ADJ
cblr-10945	149	6	legal	legal	ADJ
cblr-10945	149	7	structure	structure	NOUN
cblr-10945	149	8	,	,	PUNCT
cblr-10945	149	9	supra	supra	PROPN
cblr-10945	149	10	note	note	NOUN
cblr-10945	149	11	7	7	NUM
cblr-10945	149	12	.	.	SYM
cblr-10945	149	13	1078	1078	NUM
cblr-10945	149	14	columbia	columbia	PROPN
cblr-10945	149	15	business	business	NOUN
cblr-10945	149	16	law	law	PROPN
cblr-10945	149	17	review	review	NOUN
cblr-10945	150	1	[	[	X
cblr-10945	150	2	vol	vol	NOUN
cblr-10945	150	3	.	.	PUNCT
cblr-10945	150	4	2022	2022	NUM
cblr-10945	150	5	structure	structure	NOUN
cblr-10945	150	6	is	be	AUX
cblr-10945	150	7	legal	legal	ADJ
cblr-10945	150	8	;	;	PUNCT
cblr-10945	150	9	with	with	ADP
cblr-10945	150	10	the	the	DET
cblr-10945	150	11	caveat	caveat	NOUN
cblr-10945	150	12	,	,	PUNCT
cblr-10945	150	13	however	however	ADV
cblr-10945	150	14	,	,	PUNCT
cblr-10945	150	15	that	that	SCONJ
cblr-10945	150	16	there	there	PRON
cblr-10945	150	17	are	be	VERB
cblr-10945	150	18	“	"	PUNCT
cblr-10945	150	19	substantial	substantial	ADJ
cblr-10945	150	20	uncertainties	uncertainty	NOUN
cblr-10945	150	21	.	.	PUNCT
cblr-10945	151	1	”75	”75	PROPN
cblr-10945	151	2	in	in	ADP
cblr-10945	151	3	other	other	ADJ
cblr-10945	151	4	words	word	NOUN
cblr-10945	151	5	,	,	PUNCT
cblr-10945	151	6	“	"	PUNCT
cblr-10945	151	7	the	the	DET
cblr-10945	151	8	vie	vie	PROPN
cblr-10945	151	9	structure	structure	NOUN
cblr-10945	151	10	is	be	AUX
cblr-10945	151	11	legal	legal	ADJ
cblr-10945	151	12	until	until	SCONJ
cblr-10945	151	13	the	the	DET
cblr-10945	151	14	relevant	relevant	ADJ
cblr-10945	151	15	regulator	regulator	NOUN
cblr-10945	151	16	responsible	responsible	ADJ
cblr-10945	151	17	for	for	ADP
cblr-10945	151	18	interpreting	interpret	VERB
cblr-10945	151	19	the	the	DET
cblr-10945	151	20	regulations	regulation	NOUN
cblr-10945	151	21	says	say	VERB
cblr-10945	151	22	that	that	SCONJ
cblr-10945	151	23	it	it	PRON
cblr-10945	151	24	is	be	AUX
cblr-10945	151	25	not	not	PART
cblr-10945	151	26	legal	legal	ADJ
cblr-10945	151	27	.	.	PUNCT
cblr-10945	152	1	”76	”76	VERB
cblr-10945	153	1	the	the	DET
cblr-10945	153	2	focus	focus	NOUN
cblr-10945	153	3	on	on	ADP
cblr-10945	153	4	regulatory	regulatory	ADJ
cblr-10945	153	5	risks	risk	NOUN
cblr-10945	153	6	associated	associate	VERB
cblr-10945	153	7	with	with	ADP
cblr-10945	153	8	investing	invest	VERB
cblr-10945	153	9	in	in	ADP
cblr-10945	153	10	chines	chines	PROPN
cblr-10945	153	11	companies	company	NOUN
cblr-10945	153	12	intensified	intensify	VERB
cblr-10945	153	13	in	in	ADP
cblr-10945	153	14	the	the	DET
cblr-10945	153	15	summer	summer	NOUN
cblr-10945	153	16	of	of	ADP
cblr-10945	153	17	2021	2021	NUM
cblr-10945	153	18	after	after	SCONJ
cblr-10945	153	19	chinese	chinese	ADJ
cblr-10945	153	20	regulators	regulator	NOUN
cblr-10945	153	21	pulled	pull	VERB
cblr-10945	153	22	the	the	DET
cblr-10945	153	23	ride	ride	NOUN
cblr-10945	153	24	-	-	PUNCT
cblr-10945	153	25	hailing	hail	VERB
cblr-10945	153	26	app	app	NOUN
cblr-10945	153	27	didi	didi	NOUN
cblr-10945	153	28	from	from	ADP
cblr-10945	153	29	app	app	NOUN
cblr-10945	153	30	stores	store	NOUN
cblr-10945	153	31	days	day	NOUN
cblr-10945	153	32	after	after	SCONJ
cblr-10945	153	33	the	the	DET
cblr-10945	153	34	company	company	NOUN
cblr-10945	153	35	’s	’s	PART
cblr-10945	153	36	ipo	ipo	NOUN
cblr-10945	153	37	in	in	ADP
cblr-10945	153	38	the	the	DET
cblr-10945	153	39	united	united	ADJ
cblr-10945	153	40	states.77	states.77	ADJ
cblr-10945	153	41	chinese	chinese	ADJ
cblr-10945	153	42	regulators	regulator	NOUN
cblr-10945	153	43	were	be	AUX
cblr-10945	153	44	concerned	concern	VERB
cblr-10945	153	45	that	that	SCONJ
cblr-10945	153	46	riders	rider	NOUN
cblr-10945	153	47	’	’	PART
cblr-10945	153	48	data	datum	NOUN
cblr-10945	153	49	privacy	privacy	NOUN
cblr-10945	153	50	might	might	AUX
cblr-10945	153	51	be	be	AUX
cblr-10945	153	52	compromised	compromise	VERB
cblr-10945	153	53	,	,	PUNCT
cblr-10945	153	54	and	and	CCONJ
cblr-10945	153	55	they	they	PRON
cblr-10945	153	56	were	be	AUX
cblr-10945	153	57	especially	especially	ADV
cblr-10945	153	58	wary	wary	ADJ
cblr-10945	153	59	of	of	ADP
cblr-10945	153	60	didi	didi	NOUN
cblr-10945	153	61	after	after	ADP
cblr-10945	153	62	circumventing	circumvent	VERB
cblr-10945	153	63	foreign	foreign	ADJ
cblr-10945	153	64	investment	investment	NOUN
cblr-10945	153	65	restrictions	restriction	NOUN
cblr-10945	153	66	by	by	ADP
cblr-10945	153	67	going	go	VERB
cblr-10945	153	68	public	public	ADJ
cblr-10945	153	69	in	in	ADP
cblr-10945	153	70	the	the	DET
cblr-10945	153	71	us.78	us.78	NOUN
cblr-10945	153	72	chinese	chinese	ADJ
cblr-10945	153	73	listings	listing	NOUN
cblr-10945	153	74	in	in	ADP
cblr-10945	153	75	the	the	DET
cblr-10945	153	76	united	united	PROPN
cblr-10945	153	77	states	states	PROPN
cblr-10945	153	78	ground	ground	VERB
cblr-10945	153	79	to	to	ADP
cblr-10945	153	80	a	a	DET
cblr-10945	153	81	halt	halt	NOUN
cblr-10945	153	82	,	,	PUNCT
cblr-10945	153	83	as	as	SCONJ
cblr-10945	153	84	u.s	u.s	PROPN
cblr-10945	153	85	.	.	PROPN
cblr-10945	153	86	investors	investor	NOUN
cblr-10945	153	87	’	'	PUNCT
cblr-10945	153	88	appetites	appetite	NOUN
cblr-10945	153	89	dried	dry	VERB
cblr-10945	153	90	up	up	ADP
cblr-10945	153	91	due	due	ADP
cblr-10945	153	92	to	to	ADP
cblr-10945	153	93	concerns	concern	NOUN
cblr-10945	153	94	of	of	ADP
cblr-10945	153	95	future	future	ADJ
cblr-10945	153	96	regulatory	regulatory	ADJ
cblr-10945	153	97	action	action	NOUN
cblr-10945	153	98	by	by	ADP
cblr-10945	153	99	china	china	PROPN
cblr-10945	153	100	.	.	PUNCT
cblr-10945	154	1	by	by	ADP
cblr-10945	154	2	the	the	DET
cblr-10945	154	3	end	end	NOUN
cblr-10945	154	4	of	of	ADP
cblr-10945	154	5	july	july	PROPN
cblr-10945	154	6	2021	2021	NUM
cblr-10945	154	7	,	,	PUNCT
cblr-10945	154	8	the	the	DET
cblr-10945	154	9	sec	sec	PROPN
cblr-10945	154	10	paused	pause	VERB
cblr-10945	154	11	all	all	DET
cblr-10945	154	12	new	new	ADJ
cblr-10945	154	13	offerings	offering	NOUN
cblr-10945	154	14	from	from	ADP
cblr-10945	154	15	chinese	chinese	ADJ
cblr-10945	154	16	operating	operating	NOUN
cblr-10945	154	17	companies	company	NOUN
cblr-10945	154	18	and	and	CCONJ
cblr-10945	154	19	their	their	PRON
cblr-10945	154	20	shell	shell	NOUN
cblr-10945	154	21	-	-	PUNCT
cblr-10945	154	22	company	company	NOUN
cblr-10945	154	23	affiliates	affiliate	NOUN
cblr-10945	154	24	as	as	SCONJ
cblr-10945	154	25	it	it	PRON
cblr-10945	154	26	re	re	VERB
cblr-10945	154	27	-	-	VERB
cblr-10945	154	28	vamped	vamp	VERB
cblr-10945	154	29	its	its	PRON
cblr-10945	154	30	disclosure	disclosure	NOUN
cblr-10945	154	31	guidance	guidance	NOUN
cblr-10945	154	32	for	for	ADP
cblr-10945	154	33	vies.79	vies.79	NOUN
cblr-10945	154	34	the	the	DET
cblr-10945	154	35	sec	sec	PROPN
cblr-10945	154	36	’s	’s	PART
cblr-10945	154	37	stated	state	VERB
cblr-10945	154	38	rationale	rationale	NOUN
cblr-10945	154	39	was	be	AUX
cblr-10945	154	40	that	that	SCONJ
cblr-10945	154	41	retail	retail	ADJ
cblr-10945	154	42	investors	investor	NOUN
cblr-10945	154	43	“	"	PUNCT
cblr-10945	154	44	may	may	AUX
cblr-10945	154	45	not	not	PART
cblr-10945	154	46	realize	realize	VERB
cblr-10945	154	47	”	"	PUNCT
cblr-10945	154	48	that	that	SCONJ
cblr-10945	154	49	the	the	DET
cblr-10945	154	50	structure	structure	NOUN
cblr-10945	154	51	entails	entail	VERB
cblr-10945	154	52	holding	hold	VERB
cblr-10945	154	53	stock	stock	NOUN
cblr-10945	154	54	in	in	ADP
cblr-10945	154	55	shell	shell	ADJ
cblr-10945	154	56	companies	company	NOUN
cblr-10945	154	57	rather	rather	ADV
cblr-10945	154	58	than	than	ADP
cblr-10945	154	59	the	the	DET
cblr-10945	154	60	underlying	underlie	VERB
cblr-10945	154	61	operating	operate	VERB
cblr-10945	154	62	companies.80	companies.80	NOUN
cblr-10945	154	63	the	the	DET
cblr-10945	154	64	sec	sec	PROPN
cblr-10945	154	65	now	now	ADV
cblr-10945	154	66	requires	require	VERB
cblr-10945	154	67	vie	vie	PROPN
cblr-10945	154	68	issuers	issuer	NOUN
cblr-10945	154	69	to	to	PART
cblr-10945	154	70	disclose	disclose	VERB
cblr-10945	154	71	that	that	SCONJ
cblr-10945	154	72	“	"	PUNCT
cblr-10945	154	73	investors	investor	NOUN
cblr-10945	154	74	are	be	AUX
cblr-10945	154	75	not	not	PART
cblr-10945	154	76	buying	buy	VERB
cblr-10945	154	77	shares	share	NOUN
cblr-10945	154	78	of	of	ADP
cblr-10945	154	79	a	a	DET
cblr-10945	154	80	china	china	PROPN
cblr-10945	154	81	-	-	PUNCT
cblr-10945	154	82	based	base	VERB
cblr-10945	154	83	operating	operating	NOUN
cblr-10945	154	84	company	company	NOUN
cblr-10945	154	85	but	but	CCONJ
cblr-10945	154	86	instead	instead	ADV
cblr-10945	154	87	are	be	AUX
cblr-10945	154	88	buying	buy	VERB
cblr-10945	154	89	shares	share	NOUN
cblr-10945	154	90	of	of	ADP
cblr-10945	154	91	a	a	DET
cblr-10945	154	92	shell	shell	NOUN
cblr-10945	154	93	company”81	company”81	PROPN
cblr-10945	154	94	and	and	CCONJ
cblr-10945	154	95	to	to	PART
cblr-10945	154	96	disclose	disclose	VERB
cblr-10945	154	97	the	the	DET
cblr-10945	154	98	significant	significant	ADJ
cblr-10945	154	99	uncertainty	uncertainty	NOUN
cblr-10945	154	100	risk	risk	NOUN
cblr-10945	154	101	related	relate	VERB
cblr-10945	154	102	to	to	ADP
cblr-10945	154	103	potential	potential	ADJ
cblr-10945	154	104	regulation.82	regulation.82	NOUN
cblr-10945	154	105	the	the	DET
cblr-10945	154	106	sec	sec	PROPN
cblr-10945	154	107	’s	’s	PART
cblr-10945	154	108	disclosure	disclosure	NOUN
cblr-10945	154	109	approach	approach	NOUN
cblr-10945	154	110	to	to	ADP
cblr-10945	154	111	vies	vie	NOUN
cblr-10945	154	112	may	may	AUX
cblr-10945	154	113	be	be	AUX
cblr-10945	154	114	advanced	advance	VERB
cblr-10945	154	115	by	by	ADP
cblr-10945	154	116	congress	congress	PROPN
cblr-10945	154	117	’s	’s	PART
cblr-10945	154	118	pending	pende	VERB
cblr-10945	154	119	holding	hold	VERB
cblr-10945	154	120	foreign	foreign	ADJ
cblr-10945	154	121	companies	company	NOUN
cblr-10945	154	122	75	75	NUM
cblr-10945	154	123	ellis	ellis	PROPN
cblr-10945	154	124	et	et	PROPN
cblr-10945	154	125	al	al	PROPN
cblr-10945	154	126	.	.	PROPN
cblr-10945	154	127	,	,	PUNCT
cblr-10945	154	128	supra	supra	PROPN
cblr-10945	154	129	note	note	NOUN
cblr-10945	154	130	28	28	NUM
cblr-10945	154	131	.	.	PUNCT
cblr-10945	155	1	76	76	NUM
cblr-10945	156	1	i	i	PRON
cblr-10945	156	2	d.	d.	PROPN
cblr-10945	156	3	77	77	NUM
cblr-10945	156	4	clay	clay	NOUN
cblr-10945	156	5	chandler	chandler	NOUN
cblr-10945	156	6	,	,	PUNCT
cblr-10945	156	7	grady	grady	PROPN
cblr-10945	156	8	mcgregor	mcgregor	PROPN
cblr-10945	156	9	&	&	CCONJ
cblr-10945	156	10	eamon	eamon	PROPN
cblr-10945	156	11	barrett	barrett	PROPN
cblr-10945	156	12	,	,	PUNCT
cblr-10945	156	13	how	how	SCONJ
cblr-10945	156	14	didi	didi	PROPN
cblr-10945	156	15	’s	’s	PART
cblr-10945	156	16	data	data	PROPN
cblr-10945	156	17	debacle	debacle	NOUN
cblr-10945	156	18	doomed	doom	VERB
cblr-10945	156	19	china	china	PROPN
cblr-10945	156	20	’s	’s	PART
cblr-10945	156	21	love	love	PROPN
cblr-10945	156	22	affair	affair	PROPN
cblr-10945	156	23	with	with	ADP
cblr-10945	156	24	wall	wall	PROPN
cblr-10945	156	25	street	street	PROPN
cblr-10945	156	26	,	,	PUNCT
cblr-10945	156	27	fortune	fortune	NOUN
cblr-10945	156	28	(	(	PUNCT
cblr-10945	156	29	july	july	PROPN
cblr-10945	156	30	9	9	NUM
cblr-10945	156	31	,	,	PUNCT
cblr-10945	156	32	2021	2021	NUM
cblr-10945	156	33	)	)	PUNCT
cblr-10945	156	34	,	,	PUNCT
cblr-10945	156	35	https://fortune.com/2021/07/09/didi-ipo-stock-data-crackdown-chinawall-street-investors/	https://fortune.com/2021/07/09/didi-ipo-stock-data-crackdown-chinawall-street-investors/	NOUN
cblr-10945	157	1	[	[	X
cblr-10945	157	2	https://perma.cc/ls4j-u9t3	https://perma.cc/ls4j-u9t3	X
cblr-10945	157	3	]	]	PUNCT
cblr-10945	157	4	.	.	PUNCT
cblr-10945	158	1	78	78	NUM
cblr-10945	159	1	i	i	PRON
cblr-10945	159	2	d.	d.	NOUN
cblr-10945	159	3	79	79	NUM
cblr-10945	159	4	gensler	gensler	NOUN
cblr-10945	159	5	,	,	PUNCT
cblr-10945	159	6	supra	supra	PROPN
cblr-10945	159	7	note	note	NOUN
cblr-10945	159	8	2	2	NUM
cblr-10945	159	9	.	.	SYM
cblr-10945	159	10	80	80	NUM
cblr-10945	160	1	i	i	NOUN
cblr-10945	160	2	d.	d.	PROPN
cblr-10945	160	3	81	81	NUM
cblr-10945	160	4	gensler	gensler	NOUN
cblr-10945	160	5	,	,	PUNCT
cblr-10945	160	6	supra	supra	PROPN
cblr-10945	160	7	note	note	NOUN
cblr-10945	160	8	3	3	NUM
cblr-10945	160	9	.	.	NUM
cblr-10945	160	10	82	82	NUM
cblr-10945	161	1	i	i	PRON
cblr-10945	161	2	d.	d.	PROPN
cblr-10945	161	3	no	no	INTJ
cblr-10945	161	4	.	.	PUNCT
cblr-10945	162	1	2:1066	2:1066	NUM
cblr-10945	162	2	]	]	PUNCT
cblr-10945	162	3	the	the	DET
cblr-10945	162	4	sec	sec	PROPN
cblr-10945	162	5	’s	’s	PART
cblr-10945	162	6	vie	vie	PROPN
cblr-10945	162	7	problem	problem	NOUN
cblr-10945	162	8	1079	1079	NUM
cblr-10945	162	9	accountable	accountable	ADJ
cblr-10945	162	10	act	act	NOUN
cblr-10945	162	11	(	(	PUNCT
cblr-10945	162	12	“	"	PUNCT
cblr-10945	162	13	hfcaa”).83	hfcaa”).83	NOUN
cblr-10945	162	14	in	in	ADP
cblr-10945	162	15	principle	principle	NOUN
cblr-10945	162	16	,	,	PUNCT
cblr-10945	162	17	the	the	DET
cblr-10945	162	18	pcaob	pcaob	NOUN
cblr-10945	162	19	should	should	AUX
cblr-10945	162	20	oversee	oversee	VERB
cblr-10945	162	21	the	the	DET
cblr-10945	162	22	audits	audits	NOUN
cblr-10945	162	23	for	for	ADP
cblr-10945	162	24	all	all	DET
cblr-10945	162	25	companies	company	NOUN
cblr-10945	162	26	listed	list	VERB
cblr-10945	162	27	in	in	ADP
cblr-10945	162	28	the	the	DET
cblr-10945	162	29	united	united	PROPN
cblr-10945	162	30	states;84	states;84	PROPN
cblr-10945	162	31	however	however	ADV
cblr-10945	162	32	,	,	PUNCT
cblr-10945	162	33	the	the	DET
cblr-10945	162	34	chinese	chinese	ADJ
cblr-10945	162	35	government	government	NOUN
cblr-10945	162	36	has	have	AUX
cblr-10945	162	37	prohibited	prohibit	VERB
cblr-10945	162	38	the	the	DET
cblr-10945	162	39	pcaob	pcaob	NOUN
cblr-10945	162	40	from	from	ADP
cblr-10945	162	41	inspecting	inspect	VERB
cblr-10945	162	42	auditors	auditor	NOUN
cblr-10945	162	43	based	base	VERB
cblr-10945	162	44	in	in	ADP
cblr-10945	162	45	china	china	PROPN
cblr-10945	162	46	and	and	CCONJ
cblr-10945	162	47	hong	hong	PROPN
cblr-10945	162	48	kong.85	kong.85	PROPN
cblr-10945	162	49	because	because	SCONJ
cblr-10945	162	50	the	the	DET
cblr-10945	162	51	pcaob	pcaob	NOUN
cblr-10945	162	52	is	be	AUX
cblr-10945	162	53	unable	unable	ADJ
cblr-10945	162	54	“	"	PUNCT
cblr-10945	162	55	to	to	PART
cblr-10945	162	56	confirm	confirm	VERB
cblr-10945	162	57	the	the	DET
cblr-10945	162	58	financial	financial	ADJ
cblr-10945	162	59	health	health	NOUN
cblr-10945	162	60	of	of	ADP
cblr-10945	162	61	u.s.-listed	u.s.-listed	ADJ
cblr-10945	162	62	chinese	chinese	ADJ
cblr-10945	162	63	firms	firm	NOUN
cblr-10945	162	64	,	,	PUNCT
cblr-10945	162	65	”	"	PUNCT
cblr-10945	162	66	congress	congress	PROPN
cblr-10945	162	67	felt	feel	VERB
cblr-10945	162	68	that	that	SCONJ
cblr-10945	162	69	u.s	u.s	PROPN
cblr-10945	162	70	.	.	PROPN
cblr-10945	162	71	investors	investor	NOUN
cblr-10945	162	72	in	in	ADP
cblr-10945	162	73	those	those	DET
cblr-10945	162	74	firms	firm	NOUN
cblr-10945	162	75	may	may	AUX
cblr-10945	162	76	be	be	AUX
cblr-10945	162	77	exposed	expose	VERB
cblr-10945	162	78	to	to	ADP
cblr-10945	162	79	material	material	NOUN
cblr-10945	162	80	risks.86	risks.86	NOUN
cblr-10945	162	81	as	as	ADP
cblr-10945	162	82	such	such	ADJ
cblr-10945	162	83	,	,	PUNCT
cblr-10945	162	84	congress	congress	PROPN
cblr-10945	162	85	passed	pass	VERB
cblr-10945	162	86	the	the	DET
cblr-10945	162	87	hfcaa	hfcaa	NOUN
cblr-10945	162	88	last	last	ADJ
cblr-10945	162	89	year	year	NOUN
cblr-10945	162	90	,	,	PUNCT
cblr-10945	162	91	which	which	PRON
cblr-10945	162	92	will	will	AUX
cblr-10945	162	93	prohibit	prohibit	VERB
cblr-10945	162	94	trading	trading	NOUN
cblr-10945	162	95	in	in	ADP
cblr-10945	162	96	an	an	DET
cblr-10945	162	97	issuer	issuer	NOUN
cblr-10945	162	98	’s	’s	PART
cblr-10945	162	99	stock	stock	NOUN
cblr-10945	162	100	if	if	SCONJ
cblr-10945	162	101	a	a	DET
cblr-10945	162	102	foreign	foreign	ADJ
cblr-10945	162	103	jurisdiction	jurisdiction	NOUN
cblr-10945	162	104	prevents	prevent	VERB
cblr-10945	162	105	the	the	DET
cblr-10945	162	106	pcaob	pcaob	NOUN
cblr-10945	162	107	from	from	ADP
cblr-10945	162	108	“	"	PUNCT
cblr-10945	162	109	inspecting	inspect	VERB
cblr-10945	162	110	the	the	DET
cblr-10945	162	111	company	company	NOUN
cblr-10945	162	112	’s	’s	PART
cblr-10945	162	113	audit	audit	NOUN
cblr-10945	162	114	firm	firm	NOUN
cblr-10945	162	115	for	for	ADP
cblr-10945	162	116	three	three	NUM
cblr-10945	162	117	consecutive	consecutive	ADJ
cblr-10945	162	118	years	year	NOUN
cblr-10945	162	119	.	.	PUNCT
cblr-10945	163	1	”87	”87	PROPN
cblr-10945	164	1	because	because	SCONJ
cblr-10945	164	2	the	the	DET
cblr-10945	164	3	clock	clock	NOUN
cblr-10945	164	4	began	begin	VERB
cblr-10945	164	5	ticking	tick	VERB
cblr-10945	164	6	in	in	ADP
cblr-10945	164	7	2021	2021	NUM
cblr-10945	164	8	,	,	PUNCT
cblr-10945	164	9	the	the	DET
cblr-10945	164	10	sec	sec	PROPN
cblr-10945	164	11	may	may	AUX
cblr-10945	164	12	be	be	AUX
cblr-10945	164	13	required	require	VERB
cblr-10945	164	14	to	to	PART
cblr-10945	164	15	halt	halt	VERB
cblr-10945	164	16	trading	trading	NOUN
cblr-10945	164	17	in	in	ADP
cblr-10945	164	18	approximately	approximately	ADV
cblr-10945	164	19	270	270	NUM
cblr-10945	164	20	chinabased	chinabase	VERB
cblr-10945	164	21	companies	company	NOUN
cblr-10945	164	22	by	by	ADP
cblr-10945	164	23	early	early	ADJ
cblr-10945	164	24	2024	2024	NUM
cblr-10945	164	25	if	if	SCONJ
cblr-10945	164	26	the	the	DET
cblr-10945	164	27	country	country	NOUN
cblr-10945	164	28	makes	make	VERB
cblr-10945	164	29	no	no	DET
cblr-10945	164	30	changes	change	NOUN
cblr-10945	164	31	to	to	ADP
cblr-10945	164	32	its	its	PRON
cblr-10945	164	33	current	current	ADJ
cblr-10945	164	34	pcaob	pcaob	NOUN
cblr-10945	164	35	inspection	inspection	NOUN
cblr-10945	164	36	prohibition.88	prohibition.88	NOUN
cblr-10945	164	37	further	far	ADV
cblr-10945	164	38	,	,	PUNCT
cblr-10945	164	39	the	the	DET
cblr-10945	164	40	senate	senate	PROPN
cblr-10945	164	41	recently	recently	ADV
cblr-10945	164	42	passed	pass	VERB
cblr-10945	164	43	the	the	DET
cblr-10945	164	44	accelerating	accelerate	VERB
cblr-10945	164	45	holding	hold	VERB
cblr-10945	164	46	foreign	foreign	ADJ
cblr-10945	164	47	companies	company	NOUN
cblr-10945	164	48	accountable	accountable	ADJ
cblr-10945	164	49	act	act	NOUN
cblr-10945	164	50	,	,	PUNCT
cblr-10945	164	51	“	"	PUNCT
cblr-10945	164	52	which	which	PRON
cblr-10945	164	53	,	,	PUNCT
cblr-10945	164	54	if	if	SCONJ
cblr-10945	164	55	enacted	enact	VERB
cblr-10945	164	56	,	,	PUNCT
cblr-10945	164	57	would	would	AUX
cblr-10945	164	58	wind	wind	VERB
cblr-10945	164	59	the	the	DET
cblr-10945	164	60	three	three	NUM
cblr-10945	164	61	-	-	PUNCT
cblr-10945	164	62	year	year	NOUN
cblr-10945	164	63	clock	clock	NOUN
cblr-10945	164	64	down	down	ADV
cblr-10945	164	65	to	to	ADP
cblr-10945	164	66	two	two	NUM
cblr-10945	164	67	,	,	PUNCT
cblr-10945	164	68	”	"	PUNCT
cblr-10945	164	69	potentially	potentially	ADV
cblr-10945	164	70	accelerating	accelerate	VERB
cblr-10945	164	71	the	the	DET
cblr-10945	164	72	decoupling	decoupling	NOUN
cblr-10945	164	73	of	of	ADP
cblr-10945	164	74	u.s	u.s	PROPN
cblr-10945	164	75	.	.	PROPN
cblr-10945	164	76	and	and	CCONJ
cblr-10945	164	77	chinese	chinese	ADJ
cblr-10945	164	78	capital	capital	NOUN
cblr-10945	164	79	markets	market	NOUN
cblr-10945	164	80	to	to	ADP
cblr-10945	164	81	early	early	ADJ
cblr-10945	164	82	2023.89	2023.89	NUM
cblr-10945	164	83	despite	despite	SCONJ
cblr-10945	164	84	these	these	DET
cblr-10945	164	85	challenges	challenge	NOUN
cblr-10945	164	86	,	,	PUNCT
cblr-10945	164	87	china	china	PROPN
cblr-10945	164	88	-	-	PUNCT
cblr-10945	164	89	based	base	VERB
cblr-10945	164	90	operating	operating	NOUN
cblr-10945	164	91	companies	company	NOUN
cblr-10945	164	92	are	be	AUX
cblr-10945	164	93	still	still	ADV
cblr-10945	164	94	seeking	seek	VERB
cblr-10945	164	95	capital	capital	NOUN
cblr-10945	164	96	from	from	ADP
cblr-10945	164	97	u.s	u.s	PROPN
cblr-10945	164	98	.	.	PROPN
cblr-10945	164	99	investors	investor	NOUN
cblr-10945	164	100	.	.	PUNCT
cblr-10945	165	1	in	in	ADP
cblr-10945	165	2	early	early	ADJ
cblr-10945	165	3	november	november	PROPN
cblr-10945	165	4	2020	2020	NUM
cblr-10945	165	5	,	,	PUNCT
cblr-10945	165	6	lianbio	lianbio	ADV
cblr-10945	165	7	launched	launch	VERB
cblr-10945	165	8	the	the	DET
cblr-10945	165	9	first	first	ADJ
cblr-10945	165	10	major	major	ADJ
cblr-10945	165	11	chinese	chinese	PROPN
cblr-10945	165	12	-	-	PUNCT
cblr-10945	165	13	based	base	VERB
cblr-10945	165	14	,	,	PUNCT
cblr-10945	165	15	u.s.-listed	u.s.-liste	VERB
cblr-10945	165	16	ipo	ipo	NOUN
cblr-10945	165	17	since	since	SCONJ
cblr-10945	165	18	the	the	DET
cblr-10945	165	19	sec	sec	PROPN
cblr-10945	165	20	’s	’s	PART
cblr-10945	165	21	pause.90	pause.90	NOUN
cblr-10945	165	22	the	the	DET
cblr-10945	165	23	biotechnology	biotechnology	NOUN
cblr-10945	165	24	company	company	NOUN
cblr-10945	165	25	,	,	PUNCT
cblr-10945	165	26	while	while	SCONJ
cblr-10945	165	27	not	not	PART
cblr-10945	165	28	a	a	DET
cblr-10945	165	29	vie	vie	NOUN
cblr-10945	165	30	,	,	PUNCT
cblr-10945	165	31	is	be	AUX
cblr-10945	165	32	incorporated	incorporate	VERB
cblr-10945	165	33	in	in	ADP
cblr-10945	165	34	the	the	DET
cblr-10945	165	35	cayman	cayman	PROPN
cblr-10945	165	36	islands	island	NOUN
cblr-10945	165	37	relying	rely	VERB
cblr-10945	165	38	on	on	ADP
cblr-10945	165	39	local	local	ADJ
cblr-10945	165	40	subsidiaries	subsidiary	NOUN
cblr-10945	165	41	to	to	PART
cblr-10945	165	42	run	run	VERB
cblr-10945	165	43	its	its	PRON
cblr-10945	165	44	china	china	PROPN
cblr-10945	165	45	83	83	NUM
cblr-10945	165	46	15	15	NUM
cblr-10945	165	47	u.s.c	u.s.c	NOUN
cblr-10945	165	48	.	.	PUNCT
cblr-10945	166	1	§	§	PROPN
cblr-10945	166	2	7214	7214	NUM
cblr-10945	166	3	(	(	PUNCT
cblr-10945	166	4	2020	2020	NUM
cblr-10945	166	5	)	)	PUNCT
cblr-10945	166	6	.	.	PUNCT
cblr-10945	167	1	84	84	NUM
cblr-10945	168	1	i	i	PRON
cblr-10945	168	2	d.	d.	PROPN
cblr-10945	168	3	§	§	PROPN
cblr-10945	168	4	7212	7212	NUM
cblr-10945	168	5	.	.	PUNCT
cblr-10945	168	6	85	85	NUM
cblr-10945	168	7	gensler	gensler	NOUN
cblr-10945	168	8	,	,	PUNCT
cblr-10945	168	9	supra	supra	PROPN
cblr-10945	168	10	note	note	NOUN
cblr-10945	168	11	2	2	NUM
cblr-10945	168	12	.	.	SYM
cblr-10945	168	13	86	86	NUM
cblr-10945	168	14	sutter	sutter	NOUN
cblr-10945	168	15	,	,	PUNCT
cblr-10945	168	16	supra	supra	PROPN
cblr-10945	168	17	note	note	NOUN
cblr-10945	168	18	9	9	NUM
cblr-10945	168	19	.	.	X
cblr-10945	168	20	87	87	NUM
cblr-10945	168	21	gensler	gensler	NOUN
cblr-10945	168	22	,	,	PUNCT
cblr-10945	168	23	supra	supra	PROPN
cblr-10945	168	24	note	note	NOUN
cblr-10945	168	25	2	2	NUM
cblr-10945	168	26	.	.	NUM
cblr-10945	168	27	88	88	NUM
cblr-10945	169	1	i	i	PRON
cblr-10945	169	2	d.	d.	PROPN
cblr-10945	169	3	89	89	NUM
cblr-10945	170	1	i	i	PRON
cblr-10945	170	2	d.	d.	PROPN
cblr-10945	170	3	90	90	NUM
cblr-10945	170	4	robyn	robyn	PROPN
cblr-10945	170	5	mak	mak	PROPN
cblr-10945	170	6	,	,	PUNCT
cblr-10945	170	7	chinese	chinese	PROPN
cblr-10945	170	8	ipos	ipos	PROPN
cblr-10945	170	9	return	return	VERB
cblr-10945	170	10	to	to	ADP
cblr-10945	170	11	new	new	PROPN
cblr-10945	170	12	york	york	PROPN
cblr-10945	170	13	with	with	ADP
cblr-10945	170	14	a	a	DET
cblr-10945	170	15	whimper	whimper	NOUN
cblr-10945	170	16	,	,	PUNCT
cblr-10945	170	17	reuters	reuters	PROPN
cblr-10945	170	18	(	(	PUNCT
cblr-10945	170	19	nov	nov	PROPN
cblr-10945	170	20	.	.	PROPN
cblr-10945	170	21	2	2	NUM
cblr-10945	170	22	,	,	PUNCT
cblr-10945	170	23	2021	2021	NUM
cblr-10945	170	24	,	,	PUNCT
cblr-10945	170	25	10:51	10:51	NUM
cblr-10945	170	26	am	am	NOUN
cblr-10945	170	27	)	)	PUNCT
cblr-10945	170	28	,	,	PUNCT
cblr-10945	170	29	https://www.reuters.com/breakingviews/chinese-ipos-return-new-yorkwith-whimper-2021-11-02/	https://www.reuters.com/breakingviews/chinese-ipos-return-new-yorkwith-whimper-2021-11-02/	X
cblr-10945	171	1	[	[	X
cblr-10945	171	2	https://perma.cc/8pmw-pyuf	https://perma.cc/8pmw-pyuf	X
cblr-10945	171	3	]	]	X
cblr-10945	171	4	.	.	PUNCT
cblr-10945	171	5	1080	1080	NUM
cblr-10945	171	6	columbia	columbia	PROPN
cblr-10945	171	7	business	business	NOUN
cblr-10945	171	8	law	law	PROPN
cblr-10945	171	9	review	review	NOUN
cblr-10945	171	10	[	[	X
cblr-10945	171	11	vol	vol	NOUN
cblr-10945	171	12	.	.	PUNCT
cblr-10945	172	1	2022	2022	NUM
cblr-10945	172	2	operations.91	operations.91	NOUN
cblr-10945	172	3	it	it	PRON
cblr-10945	172	4	does	do	AUX
cblr-10945	172	5	not	not	PART
cblr-10945	172	6	handle	handle	VERB
cblr-10945	172	7	sensitive	sensitive	ADJ
cblr-10945	172	8	data92	data92	NOUN
cblr-10945	172	9	(	(	PUNCT
cblr-10945	172	10	the	the	DET
cblr-10945	172	11	issue	issue	NOUN
cblr-10945	172	12	that	that	PRON
cblr-10945	172	13	didi	didi	PROPN
cblr-10945	172	14	ran	run	VERB
cblr-10945	172	15	into93	into93	PROPN
cblr-10945	172	16	)	)	PUNCT
cblr-10945	172	17	,	,	PUNCT
cblr-10945	172	18	uses	use	VERB
cblr-10945	172	19	american	american	ADJ
cblr-10945	172	20	auditors	auditor	NOUN
cblr-10945	172	21	subject	subject	ADJ
cblr-10945	172	22	to	to	ADP
cblr-10945	172	23	pcaob	pcaob	NOUN
cblr-10945	172	24	oversight,94	oversight,94	ADV
cblr-10945	172	25	and	and	CCONJ
cblr-10945	172	26	outlines	outline	VERB
cblr-10945	172	27	“	"	PUNCT
cblr-10945	172	28	a	a	DET
cblr-10945	172	29	deluge	deluge	NOUN
cblr-10945	172	30	of	of	ADP
cblr-10945	172	31	regulatory	regulatory	ADJ
cblr-10945	172	32	risks”95	risks”95	NOUN
cblr-10945	172	33	buried	bury	VERB
cblr-10945	172	34	in	in	ADP
cblr-10945	172	35	its	its	PRON
cblr-10945	172	36	prospectus	prospectus	NOUN
cblr-10945	172	37	among	among	ADP
cblr-10945	172	38	other	other	ADJ
cblr-10945	172	39	typical	typical	ADJ
cblr-10945	172	40	business	business	NOUN
cblr-10945	172	41	and	and	CCONJ
cblr-10945	172	42	financial	financial	ADJ
cblr-10945	172	43	risks	risk	NOUN
cblr-10945	172	44	.	.	PUNCT
cblr-10945	173	1	shares	share	NOUN
cblr-10945	173	2	in	in	ADP
cblr-10945	173	3	the	the	DET
cblr-10945	173	4	company	company	NOUN
cblr-10945	173	5	fell	fall	VERB
cblr-10945	173	6	14	14	NUM
cblr-10945	173	7	%	%	NOUN
cblr-10945	173	8	in	in	ADP
cblr-10945	173	9	their	their	PRON
cblr-10945	173	10	first	first	ADJ
cblr-10945	173	11	day	day	NOUN
cblr-10945	173	12	of	of	ADP
cblr-10945	173	13	trading	trading	NOUN
cblr-10945	173	14	,	,	PUNCT
cblr-10945	173	15	indicating	indicate	VERB
cblr-10945	173	16	institutional	institutional	ADJ
cblr-10945	173	17	investors	investor	NOUN
cblr-10945	173	18	may	may	AUX
cblr-10945	173	19	still	still	ADV
cblr-10945	173	20	be	be	AUX
cblr-10945	173	21	wary	wary	ADJ
cblr-10945	173	22	of	of	ADP
cblr-10945	173	23	chinese	chinese	PROPN
cblr-10945	173	24	regulatory	regulatory	PROPN
cblr-10945	173	25	risks.96	risks.96	PROPN
cblr-10945	173	26	other	other	ADJ
cblr-10945	173	27	smaller	small	ADJ
cblr-10945	173	28	companies	company	NOUN
cblr-10945	173	29	using	use	VERB
cblr-10945	173	30	vies	vie	NOUN
cblr-10945	173	31	have	have	AUX
cblr-10945	173	32	updated	update	VERB
cblr-10945	173	33	their	their	PRON
cblr-10945	173	34	prospectuses	prospectus	NOUN
cblr-10945	173	35	in	in	ADP
cblr-10945	173	36	response	response	NOUN
cblr-10945	173	37	to	to	ADP
cblr-10945	173	38	sec	sec	PROPN
cblr-10945	173	39	concerns	concern	NOUN
cblr-10945	173	40	as	as	SCONJ
cblr-10945	173	41	they	they	PRON
cblr-10945	173	42	seek	seek	VERB
cblr-10945	173	43	ipo	ipo	NOUN
cblr-10945	173	44	approval.97	approval.97	NOUN
cblr-10945	173	45	the	the	DET
cblr-10945	173	46	updates	update	NOUN
cblr-10945	173	47	of	of	ADP
cblr-10945	173	48	a	a	DET
cblr-10945	173	49	camelia	camelia	NOUN
cblr-10945	173	50	-	-	PUNCT
cblr-10945	173	51	seed	seed	NOUN
cblr-10945	173	52	oil	oil	NOUN
cblr-10945	173	53	producer	producer	NOUN
cblr-10945	173	54	included	include	VERB
cblr-10945	173	55	language	language	NOUN
cblr-10945	173	56	stating	state	VERB
cblr-10945	173	57	that	that	SCONJ
cblr-10945	173	58	the	the	DET
cblr-10945	173	59	“	"	PUNCT
cblr-10945	173	60	vie	vie	NOUN
cblr-10945	173	61	agreements	agreement	NOUN
cblr-10945	173	62	may	may	AUX
cblr-10945	173	63	not	not	PART
cblr-10945	173	64	be	be	AUX
cblr-10945	173	65	effective	effective	ADJ
cblr-10945	173	66	in	in	ADP
cblr-10945	173	67	providing	provide	VERB
cblr-10945	173	68	control	control	NOUN
cblr-10945	173	69	over	over	ADP
cblr-10945	173	70	[	[	X
cblr-10945	173	71	the	the	DET
cblr-10945	173	72	company	company	NOUN
cblr-10945	173	73	]	]	PUNCT
cblr-10945	173	74	”	"	PUNCT
cblr-10945	173	75	and	and	CCONJ
cblr-10945	173	76	that	that	SCONJ
cblr-10945	173	77	“	"	PUNCT
cblr-10945	173	78	prc	prc	PROPN
cblr-10945	173	79	laws	law	NOUN
cblr-10945	173	80	and	and	CCONJ
cblr-10945	173	81	regulations	regulation	NOUN
cblr-10945	173	82	governing	govern	VERB
cblr-10945	173	83	our	our	PRON
cblr-10945	173	84	current	current	ADJ
cblr-10945	173	85	business	business	NOUN
cblr-10945	173	86	operations	operation	NOUN
cblr-10945	173	87	are	be	AUX
cblr-10945	173	88	sometimes	sometimes	ADV
cblr-10945	173	89	vague	vague	ADJ
cblr-10945	173	90	and	and	CCONJ
cblr-10945	173	91	uncertain	uncertain	ADJ
cblr-10945	173	92	,	,	PUNCT
cblr-10945	173	93	and	and	CCONJ
cblr-10945	173	94	therefore	therefore	ADV
cblr-10945	173	95	,	,	PUNCT
cblr-10945	173	96	these	these	DET
cblr-10945	173	97	risks	risk	NOUN
cblr-10945	173	98	may	may	AUX
cblr-10945	173	99	result	result	VERB
cblr-10945	173	100	in	in	ADP
cblr-10945	173	101	.	.	PUNCT
cblr-10945	173	102	.	.	PUNCT
cblr-10945	173	103	.	.	PUNCT
cblr-10945	174	1	a	a	DET
cblr-10945	174	2	complete	complete	ADJ
cblr-10945	174	3	hindrance	hindrance	NOUN
cblr-10945	174	4	of	of	ADP
cblr-10945	174	5	our	our	PRON
cblr-10945	174	6	ability	ability	NOUN
cblr-10945	174	7	to	to	PART
cblr-10945	174	8	offer	offer	VERB
cblr-10945	174	9	or	or	CCONJ
cblr-10945	174	10	continue	continue	VERB
cblr-10945	174	11	to	to	PART
cblr-10945	174	12	offer	offer	VERB
cblr-10945	174	13	our	our	PRON
cblr-10945	174	14	securities	security	NOUN
cblr-10945	174	15	to	to	ADP
cblr-10945	174	16	91	91	NUM
cblr-10945	174	17	i	i	NOUN
cblr-10945	174	18	d.	d.	PROPN
cblr-10945	174	19	92	92	NUM
cblr-10945	175	1	filipe	filipe	PROPN
cblr-10945	175	2	pacheco	pacheco	PROPN
cblr-10945	175	3	,	,	PUNCT
cblr-10945	175	4	china	china	PROPN
cblr-10945	175	5	-	-	PUNCT
cblr-10945	175	6	focused	focus	VERB
cblr-10945	175	7	biotech	biotech	NOUN
cblr-10945	175	8	lianbio	lianbio	ADV
cblr-10945	175	9	raises	raise	VERB
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cblr-10945	175	13	in	in	ADP
cblr-10945	175	14	u.s	u.s	PROPN
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cblr-10945	175	16	ipo	ipo	PROPN
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cblr-10945	175	26	,	,	PUNCT
cblr-10945	175	27	9:51	9:51	NUM
cblr-10945	175	28	pm	pm	NOUN
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cblr-10945	175	30	,	,	PUNCT
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cblr-10945	176	1	[	[	X
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cblr-10945	176	4	.	.	PUNCT
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cblr-10945	177	2	chandler	chandler	PROPN
cblr-10945	177	3	et	et	PROPN
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cblr-10945	177	6	,	,	PUNCT
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cblr-10945	177	8	note	note	VERB
cblr-10945	177	9	77	77	NUM
cblr-10945	177	10	.	.	PUNCT
cblr-10945	178	1	94	94	NUM
cblr-10945	178	2	pacheco	pacheco	PROPN
cblr-10945	178	3	,	,	PUNCT
cblr-10945	178	4	supra	supra	PROPN
cblr-10945	178	5	note	note	NOUN
cblr-10945	178	6	92	92	NUM
cblr-10945	178	7	.	.	PUNCT
cblr-10945	179	1	see	see	VERB
cblr-10945	179	2	also	also	ADV
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cblr-10945	179	5	.	.	PUNCT
cblr-10945	180	1	§	§	PROPN
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cblr-10945	180	3	(	(	PUNCT
cblr-10945	180	4	2010	2010	NUM
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cblr-10945	180	6	;	;	PUNCT
cblr-10945	180	7	sutter	sutter	NOUN
cblr-10945	180	8	,	,	PUNCT
cblr-10945	180	9	supra	supra	PROPN
cblr-10945	180	10	note	note	NOUN
cblr-10945	180	11	9	9	NUM
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cblr-10945	180	13	95	95	NUM
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cblr-10945	180	15	,	,	PUNCT
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cblr-10945	180	17	note	note	PROPN
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cblr-10945	180	19	;	;	PUNCT
cblr-10945	180	20	see	see	VERB
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cblr-10945	180	23	,	,	PUNCT
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cblr-10945	180	25	statement	statement	NOUN
cblr-10945	180	26	(	(	PUNCT
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cblr-10945	180	30	(	(	PUNCT
cblr-10945	180	31	oct	oct	PROPN
cblr-10945	180	32	.	.	PROPN
cblr-10945	180	33	1	1	NUM
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cblr-10945	180	37	(	(	PUNCT
cblr-10945	180	38	outlining	outline	VERB
cblr-10945	180	39	“	"	PUNCT
cblr-10945	180	40	[	[	X
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cblr-10945	180	49	”	"	PUNCT
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cblr-10945	180	51	“	"	PUNCT
cblr-10945	180	52	[	[	X
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cblr-10945	180	58	in	in	ADP
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cblr-10945	180	60	”	"	PUNCT
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cblr-10945	180	64	twenty	twenty	NUM
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cblr-10945	184	1	[	[	X
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cblr-10945	184	5	sec	sec	PROPN
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cblr-10945	184	22	,	,	PUNCT
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cblr-10945	184	24	,	,	PUNCT
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cblr-10945	185	1	[	[	X
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cblr-10945	185	4	.	.	PUNCT
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cblr-10945	186	2	.	.	PUNCT
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cblr-10945	187	10	.	.	PUNCT
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cblr-10945	188	9	investors	investor	NOUN
cblr-10945	188	10	are	be	AUX
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cblr-10945	188	29	:	:	PUNCT
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cblr-10945	188	66	.	.	PUNCT
cblr-10945	189	1	”99	”99	PROPN
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cblr-10945	189	11	of	of	ADP
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cblr-10945	189	14	.	.	PROPN
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cblr-10945	189	20	,	,	PUNCT
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cblr-10945	190	12	“	"	PUNCT
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cblr-10945	190	27	.	.	PUNCT
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cblr-10945	190	35	,	,	PUNCT
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cblr-10945	190	37	-	-	PUNCT
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cblr-10945	190	45	,	,	PUNCT
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cblr-10945	190	52	broader	broad	ADJ
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cblr-10945	190	56	concurrent	concurrent	ADJ
cblr-10945	190	57	rise	rise	NOUN
cblr-10945	190	58	of	of	ADP
cblr-10945	190	59	app	app	NOUN
cblr-10945	190	60	-	-	PUNCT
cblr-10945	190	61	based	base	VERB
cblr-10945	190	62	mobile	mobile	NOUN
cblr-10945	190	63	trading,102	trading,102	ADP
cblr-10945	190	64	the	the	DET
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cblr-10945	190	66	of	of	ADP
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cblr-10945	190	68	and	and	CCONJ
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cblr-10945	190	70	98	98	NUM
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cblr-10945	190	72	holding	hold	VERB
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cblr-10945	190	80	no	no	INTJ
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cblr-10945	190	95	see	see	VERB
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cblr-10945	190	100	,	,	PUNCT
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cblr-10945	190	108	,	,	PUNCT
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cblr-10945	190	113	no	no	INTJ
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cblr-10945	190	118	f-1	f-1	NOUN
cblr-10945	190	119	)	)	PUNCT
cblr-10945	190	120	(	(	PUNCT
cblr-10945	190	121	aug	aug	PROPN
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cblr-10945	190	131	&	&	CCONJ
cblr-10945	190	132	fioretti	fioretti	PROPN
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cblr-10945	190	136	97	97	NUM
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cblr-10945	190	140	,	,	PUNCT
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cblr-10945	190	145	empowered	empower	VERB
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cblr-10945	190	148	1	1	NUM
cblr-10945	190	149	(	(	PUNCT
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cblr-10945	191	1	[	[	X
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cblr-10945	192	1	101	101	NUM
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cblr-10945	192	3	d.	d.	PROPN
cblr-10945	192	4	at	at	ADP
cblr-10945	192	5	4	4	NUM
cblr-10945	192	6	.	.	NOUN
cblr-10945	192	7	102	102	NUM
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cblr-10945	192	9	,	,	PUNCT
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cblr-10945	192	16	trading	trading	NOUN
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cblr-10945	192	23	on	on	ADP
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cblr-10945	192	26	,	,	PUNCT
cblr-10945	192	27	cnbc	cnbc	PROPN
cblr-10945	192	28	(	(	PUNCT
cblr-10945	192	29	jan	jan	PROPN
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cblr-10945	192	36	am	am	NOUN
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cblr-10945	193	14	of	of	ADP
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cblr-10945	193	17	,	,	PUNCT
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cblr-10945	193	20	apr	apr	PROPN
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cblr-10945	193	30	https://www.forbes.com/sites/omribarzilay/2017/04/12/new-fintechplatforms-herald-the-rise-of-mobile-trading/.	https://www.forbes.com/sites/omribarzilay/2017/04/12/new-fintechplatforms-herald-the-rise-of-mobile-trading/.	PROPN
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cblr-10945	194	1	[	[	X
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cblr-10945	194	4	.	.	PUNCT
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cblr-10945	194	7	,	,	PUNCT
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cblr-10945	197	1	[	[	X
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cblr-10945	197	5	ben	ben	PROPN
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cblr-10945	197	21	.	.	PROPN
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cblr-10945	197	25	,	,	PUNCT
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cblr-10945	199	15	-	-	PUNCT
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cblr-10945	199	22	65	65	NUM
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cblr-10945	199	38	for	for	ADP
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cblr-10945	199	50	gamification	gamification	NOUN
cblr-10945	199	51	”	"	PUNCT
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cblr-10945	201	4	.	.	PUNCT
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cblr-10945	205	10	u.s	u.s	PROPN
cblr-10945	205	11	.	.	PROPN
cblr-10945	205	12	retail	retail	ADJ
cblr-10945	205	13	investors	investor	NOUN
cblr-10945	205	14	lack	lack	VERB
cblr-10945	205	15	basic	basic	ADJ
cblr-10945	205	16	financial	financial	ADJ
cblr-10945	205	17	literacy	literacy	NOUN
cblr-10945	205	18	”	"	PUNCT
cblr-10945	205	19	and	and	CCONJ
cblr-10945	205	20	“	"	PUNCT
cblr-10945	205	21	investors	investor	NOUN
cblr-10945	205	22	have	have	VERB
cblr-10945	205	23	a	a	DET
cblr-10945	205	24	weak	weak	ADJ
cblr-10945	205	25	grasp	grasp	NOUN
cblr-10945	205	26	of	of	ADP
cblr-10945	205	27	elementary	elementary	ADJ
cblr-10945	205	28	financial	financial	ADJ
cblr-10945	205	29	concepts	concept	NOUN
cblr-10945	205	30	and	and	CCONJ
cblr-10945	205	31	lack	lack	VERB
cblr-10945	205	32	critical	critical	ADJ
cblr-10945	205	33	knowledge	knowledge	NOUN
cblr-10945	205	34	of	of	ADP
cblr-10945	205	35	ways	way	NOUN
cblr-10945	205	36	to	to	PART
cblr-10945	205	37	avoid	avoid	VERB
cblr-10945	205	38	investment	investment	NOUN
cblr-10945	205	39	fraud	fraud	NOUN
cblr-10945	205	40	.	.	PUNCT
cblr-10945	205	41	”	"	PUNCT
cblr-10945	206	1	office	office	NOUN
cblr-10945	206	2	of	of	ADP
cblr-10945	206	3	inv	inv	NOUN
cblr-10945	206	4	.	.	PUNCT
cblr-10945	207	1	educ	educ	PROPN
cblr-10945	207	2	.	.	PUNCT
cblr-10945	208	1	&	&	CCONJ
cblr-10945	208	2	advocacy	advocacy	PROPN
cblr-10945	208	3	of	of	ADP
cblr-10945	208	4	the	the	DET
cblr-10945	208	5	u.s	u.s	PROPN
cblr-10945	208	6	.	.	PROPN
cblr-10945	208	7	sec	sec	PROPN
cblr-10945	208	8	.	.	PROPN
cblr-10945	208	9	and	and	CCONJ
cblr-10945	208	10	exch	exch	PROPN
cblr-10945	208	11	.	.	PUNCT
cblr-10945	209	1	comm’n	comm’n	PROPN
cblr-10945	209	2	,	,	PUNCT
cblr-10945	210	1	study	study	NOUN
cblr-10945	210	2	regarding	regard	VERB
cblr-10945	210	3	financial	financial	ADJ
cblr-10945	210	4	literacy	literacy	NOUN
cblr-10945	210	5	among	among	ADP
cblr-10945	210	6	investors	investors	PROPN
cblr-10945	210	7	iii	iii	PROPN
cblr-10945	210	8	(	(	PUNCT
cblr-10945	210	9	aug	aug	PROPN
cblr-10945	210	10	.	.	PROPN
cblr-10945	210	11	2012	2012	NUM
cblr-10945	210	12	)	)	PUNCT
cblr-10945	210	13	,	,	PUNCT
cblr-10945	210	14	https://www.sec.gov/files/917-financial-literacy-study-part1.pdf	https://www.sec.gov/files/917-financial-literacy-study-part1.pdf	PROPN
cblr-10945	211	1	[	[	X
cblr-10945	211	2	https://perma.cc/p4lf-auzl	https://perma.cc/p4lf-auzl	ADJ
cblr-10945	211	3	]	]	X
cblr-10945	211	4	.	.	PUNCT
cblr-10945	212	1	106	106	NUM
cblr-10945	212	2	khristopher	khristopher	PROPN
cblr-10945	212	3	brooks	brooks	PROPN
cblr-10945	212	4	,	,	PUNCT
cblr-10945	212	5	robinhood	robinhood	PROPN
cblr-10945	212	6	financial	financial	PROPN
cblr-10945	212	7	fined	fine	VERB
cblr-10945	212	8	$	$	SYM
cblr-10945	212	9	65	65	NUM
cblr-10945	212	10	million	million	NUM
cblr-10945	212	11	by	by	ADP
cblr-10945	212	12	sec	sec	PROPN
cblr-10945	212	13	for	for	ADP
cblr-10945	212	14	misleading	mislead	VERB
cblr-10945	212	15	users	user	NOUN
cblr-10945	212	16	,	,	PUNCT
cblr-10945	212	17	cbs	cbs	PROPN
cblr-10945	212	18	news	news	PROPN
cblr-10945	212	19	(	(	PUNCT
cblr-10945	212	20	dec	dec	PROPN
cblr-10945	212	21	.	.	PROPN
cblr-10945	212	22	16	16	NUM
cblr-10945	212	23	,	,	PUNCT
cblr-10945	212	24	2020	2020	NUM
cblr-10945	212	25	)	)	PUNCT
cblr-10945	212	26	,	,	PUNCT
cblr-10945	212	27	https://www.cbsnews.com/news/robinhood-sec-fine-65-million	https://www.cbsnews.com/news/robinhood-sec-fine-65-million	NOUN
cblr-10945	212	28	[	[	X
cblr-10945	212	29	https://perma.cc/ung2-7a9p	https://perma.cc/ung2-7a9p	NUM
cblr-10945	212	30	]	]	X
cblr-10945	212	31	;	;	PUNCT
cblr-10945	212	32	jonathan	jonathan	PROPN
cblr-10945	212	33	ponciano	ponciano	PROPN
cblr-10945	212	34	,	,	PUNCT
cblr-10945	212	35	robinhood	robinhood	PROPN
cblr-10945	212	36	fined	fine	VERB
cblr-10945	212	37	$	$	SYM
cblr-10945	212	38	70	70	NUM
cblr-10945	212	39	million	million	NUM
cblr-10945	212	40	for	for	ADP
cblr-10945	212	41	‘	'	PUNCT
cblr-10945	212	42	significant	significant	ADJ
cblr-10945	212	43	harm	harm	NOUN
cblr-10945	212	44	’	'	PUNCT
cblr-10945	212	45	to	to	ADP
cblr-10945	212	46	customers	customer	NOUN
cblr-10945	212	47	ahead	ahead	ADV
cblr-10945	212	48	of	of	ADP
cblr-10945	212	49	ipo	ipo	PROPN
cblr-10945	212	50	,	,	PUNCT
cblr-10945	212	51	forbes	forbes	PROPN
cblr-10945	212	52	(	(	PUNCT
cblr-10945	212	53	june	june	PROPN
cblr-10945	212	54	30	30	NUM
cblr-10945	212	55	,	,	PUNCT
cblr-10945	212	56	2021	2021	NUM
cblr-10945	212	57	,	,	PUNCT
cblr-10945	212	58	11:50	11:50	NUM
cblr-10945	212	59	am	am	NOUN
cblr-10945	212	60	)	)	PUNCT
cblr-10945	212	61	,	,	PUNCT
cblr-10945	212	62	https://www.forbes.com/sites/jonathanponciano/2021/06/30/robinhoodfined-70-million-for-significant-harm-to-customers-ahead-ofipo/?sh=6e7dfb2c5757	https://www.forbes.com/sites/jonathanponciano/2021/06/30/robinhoodfined-70-million-for-significant-harm-to-customers-ahead-ofipo/?sh=6e7dfb2c5757	VERB
cblr-10945	212	63	[	[	X
cblr-10945	212	64	https://perma.cc/3l5n-7tfx	https://perma.cc/3l5n-7tfx	X
cblr-10945	212	65	]	]	X
cblr-10945	212	66	.	.	PUNCT
cblr-10945	213	1	107	107	NUM
cblr-10945	213	2	see	see	VERB
cblr-10945	213	3	chris	chris	PROPN
cblr-10945	213	4	prentice	prentice	PROPN
cblr-10945	213	5	&	&	CCONJ
cblr-10945	213	6	michelle	michelle	PROPN
cblr-10945	213	7	price	price	PROPN
cblr-10945	213	8	,	,	PUNCT
cblr-10945	213	9	explainer	explainer	PROPN
cblr-10945	213	10	:	:	PUNCT
cblr-10945	213	11	the	the	DET
cblr-10945	213	12	regulatory	regulatory	ADJ
cblr-10945	213	13	and	and	CCONJ
cblr-10945	213	14	legal	legal	ADJ
cblr-10945	213	15	headwinds	headwind	NOUN
cblr-10945	213	16	facing	face	VERB
cblr-10945	213	17	robinhood	robinhood	PROPN
cblr-10945	213	18	,	,	PUNCT
cblr-10945	213	19	reuters	reuters	PROPN
cblr-10945	213	20	(	(	PUNCT
cblr-10945	213	21	july	july	PROPN
cblr-10945	213	22	2	2	NUM
cblr-10945	213	23	,	,	PUNCT
cblr-10945	213	24	2021	2021	NUM
cblr-10945	213	25	)	)	PUNCT
cblr-10945	213	26	,	,	PUNCT
cblr-10945	213	27	https://www.reuters.com/technology/regulatory-legal-headwinds-facingrobinhood-2021-07-02/	https://www.reuters.com/technology/regulatory-legal-headwinds-facingrobinhood-2021-07-02/	X
cblr-10945	214	1	[	[	X
cblr-10945	214	2	https://perma.cc/h533-uduq	https://perma.cc/h533-uduq	X
cblr-10945	214	3	]	]	X
cblr-10945	214	4	.	.	PUNCT
cblr-10945	215	1	no	no	INTJ
cblr-10945	215	2	.	.	PUNCT
cblr-10945	216	1	2:1066	2:1066	NUM
cblr-10945	216	2	]	]	PUNCT
cblr-10945	216	3	the	the	DET
cblr-10945	216	4	sec	sec	PROPN
cblr-10945	216	5	’s	’s	PART
cblr-10945	216	6	vie	vie	PROPN
cblr-10945	216	7	problem	problem	NOUN
cblr-10945	216	8	1083	1083	NUM
cblr-10945	216	9	primarily	primarily	ADV
cblr-10945	216	10	on	on	ADP
cblr-10945	216	11	its	its	PRON
cblr-10945	216	12	existing	exist	VERB
cblr-10945	216	13	disclosure	disclosure	NOUN
cblr-10945	216	14	regime	regime	NOUN
cblr-10945	216	15	to	to	PART
cblr-10945	216	16	protect	protect	VERB
cblr-10945	216	17	these	these	DET
cblr-10945	216	18	investors	investor	NOUN
cblr-10945	216	19	from	from	ADP
cblr-10945	216	20	the	the	DET
cblr-10945	216	21	risks	risk	NOUN
cblr-10945	216	22	associated	associate	VERB
cblr-10945	216	23	with	with	ADP
cblr-10945	216	24	individual	individual	ADJ
cblr-10945	216	25	securities	security	NOUN
cblr-10945	216	26	.	.	PUNCT
cblr-10945	217	1	iii	iii	X
cblr-10945	217	2	.	.	PUNCT
cblr-10945	217	3	inadequacy	inadequacy	NOUN
cblr-10945	217	4	of	of	ADP
cblr-10945	217	5	current	current	ADJ
cblr-10945	217	6	disclosure	disclosure	NOUN
cblr-10945	217	7	rules	rule	VERB
cblr-10945	217	8	the	the	DET
cblr-10945	217	9	tension	tension	NOUN
cblr-10945	217	10	between	between	ADP
cblr-10945	217	11	the	the	DET
cblr-10945	217	12	sec	sec	PROPN
cblr-10945	217	13	’s	’s	PART
cblr-10945	217	14	institutional	institutional	ADJ
cblr-10945	217	15	-	-	PUNCT
cblr-10945	217	16	investororiented	investororiented	ADJ
cblr-10945	217	17	approach	approach	NOUN
cblr-10945	217	18	to	to	ADP
cblr-10945	217	19	disclosure	disclosure	NOUN
cblr-10945	217	20	and	and	CCONJ
cblr-10945	217	21	its	its	PRON
cblr-10945	217	22	retail	retail	NOUN
cblr-10945	217	23	-	-	PUNCT
cblr-10945	217	24	investororiented	investororiented	ADJ
cblr-10945	217	25	rhetoric	rhetoric	NOUN
cblr-10945	217	26	is	be	AUX
cblr-10945	217	27	particularly	particularly	ADV
cblr-10945	217	28	evident	evident	ADJ
cblr-10945	217	29	as	as	SCONJ
cblr-10945	217	30	it	it	PRON
cblr-10945	217	31	reformulates	reformulate	VERB
cblr-10945	217	32	its	its	PRON
cblr-10945	217	33	rules	rule	NOUN
cblr-10945	217	34	for	for	ADP
cblr-10945	217	35	china	china	PROPN
cblr-10945	217	36	-	-	PUNCT
cblr-10945	217	37	based	base	VERB
cblr-10945	217	38	issuers	issuer	NOUN
cblr-10945	217	39	.	.	PUNCT
cblr-10945	218	1	vies	vie	NOUN
cblr-10945	218	2	listed	list	VERB
cblr-10945	218	3	in	in	ADP
cblr-10945	218	4	the	the	DET
cblr-10945	218	5	united	united	PROPN
cblr-10945	218	6	states	states	PROPN
cblr-10945	218	7	already	already	ADV
cblr-10945	218	8	produce	produce	VERB
cblr-10945	218	9	substantial	substantial	ADJ
cblr-10945	218	10	disclosures	disclosure	NOUN
cblr-10945	218	11	about	about	ADP
cblr-10945	218	12	their	their	PRON
cblr-10945	218	13	control	control	NOUN
cblr-10945	218	14	and	and	CCONJ
cblr-10945	218	15	equity	equity	NOUN
cblr-10945	218	16	structure.108	structure.108	NUM
cblr-10945	218	17	while	while	SCONJ
cblr-10945	218	18	all	all	DET
cblr-10945	218	19	investors	investor	NOUN
cblr-10945	218	20	are	be	AUX
cblr-10945	218	21	subject	subject	ADJ
cblr-10945	218	22	to	to	ADP
cblr-10945	218	23	the	the	DET
cblr-10945	218	24	cognitive	cognitive	ADJ
cblr-10945	218	25	limitations	limitation	NOUN
cblr-10945	218	26	associated	associate	VERB
cblr-10945	218	27	with	with	ADP
cblr-10945	218	28	parsing	parse	VERB
cblr-10945	218	29	a	a	DET
cblr-10945	218	30	registration	registration	NOUN
cblr-10945	218	31	statement	statement	NOUN
cblr-10945	218	32	,	,	PUNCT
cblr-10945	218	33	a	a	DET
cblr-10945	218	34	reformulation	reformulation	NOUN
cblr-10945	218	35	to	to	PART
cblr-10945	218	36	protect	protect	VERB
cblr-10945	218	37	the	the	DET
cblr-10945	218	38	investors	investor	NOUN
cblr-10945	218	39	trading	trade	VERB
cblr-10945	218	40	on	on	ADP
cblr-10945	218	41	no	no	DET
cblr-10945	218	42	-	-	PUNCT
cblr-10945	218	43	account	account	NOUN
cblr-10945	218	44	-	-	PUNCT
cblr-10945	218	45	minimum	minimum	NOUN
cblr-10945	218	46	,	,	PUNCT
cblr-10945	218	47	no	no	DET
cblr-10945	218	48	-	-	PUNCT
cblr-10945	218	49	fee	fee	NOUN
cblr-10945	218	50	platforms	platform	NOUN
cblr-10945	218	51	seems	seem	VERB
cblr-10945	218	52	appropriate	appropriate	ADJ
cblr-10945	218	53	,	,	PUNCT
cblr-10945	218	54	as	as	SCONJ
cblr-10945	218	55	these	these	DET
cblr-10945	218	56	investors	investor	NOUN
cblr-10945	218	57	are	be	AUX
cblr-10945	218	58	especially	especially	ADV
cblr-10945	218	59	susceptible	susceptible	ADJ
cblr-10945	218	60	to	to	ADP
cblr-10945	218	61	misunderstanding	misunderstand	VERB
cblr-10945	218	62	the	the	DET
cblr-10945	218	63	risks	risk	NOUN
cblr-10945	218	64	of	of	ADP
cblr-10945	218	65	investing	invest	VERB
cblr-10945	218	66	in	in	ADP
cblr-10945	218	67	this	this	DET
cblr-10945	218	68	complex	complex	ADJ
cblr-10945	218	69	accounting	accounting	NOUN
cblr-10945	218	70	structure	structure	NOUN
cblr-10945	218	71	.	.	PUNCT
cblr-10945	219	1	there	there	PRON
cblr-10945	219	2	is	be	VERB
cblr-10945	219	3	ample	ample	ADJ
cblr-10945	219	4	evidence	evidence	NOUN
cblr-10945	219	5	that	that	SCONJ
cblr-10945	219	6	burying	bury	VERB
cblr-10945	219	7	these	these	DET
cblr-10945	219	8	risks	risk	NOUN
cblr-10945	219	9	in	in	ADP
cblr-10945	219	10	hundreds	hundred	NOUN
cblr-10945	219	11	of	of	ADP
cblr-10945	219	12	pages	page	NOUN
cblr-10945	219	13	of	of	ADP
cblr-10945	219	14	dense	dense	ADJ
cblr-10945	219	15	legalese	legalese	NOUN
cblr-10945	219	16	is	be	AUX
cblr-10945	219	17	ineffective	ineffective	ADJ
cblr-10945	219	18	for	for	ADP
cblr-10945	219	19	retail	retail	ADJ
cblr-10945	219	20	investors	investor	NOUN
cblr-10945	219	21	,	,	PUNCT
cblr-10945	219	22	regardless	regardless	ADV
cblr-10945	219	23	of	of	ADP
cblr-10945	219	24	the	the	DET
cblr-10945	219	25	phrasing	phrasing	NOUN
cblr-10945	219	26	of	of	ADP
cblr-10945	219	27	specific	specific	ADJ
cblr-10945	219	28	disclosures.109	disclosures.109	VERB
cblr-10945	219	29	a.	a.	NOUN
cblr-10945	219	30	increased	increase	VERB
cblr-10945	219	31	disclosure	disclosure	NOUN
cblr-10945	219	32	can	can	AUX
cblr-10945	219	33	be	be	AUX
cblr-10945	219	34	counterproductive	counterproductive	ADJ
cblr-10945	219	35	the	the	DET
cblr-10945	219	36	vast	vast	ADJ
cblr-10945	219	37	disclosure	disclosure	NOUN
cblr-10945	219	38	regime	regime	NOUN
cblr-10945	219	39	required	require	VERB
cblr-10945	219	40	by	by	ADP
cblr-10945	219	41	the	the	DET
cblr-10945	219	42	sec	sec	PROPN
cblr-10945	219	43	helps	help	VERB
cblr-10945	219	44	to	to	PART
cblr-10945	219	45	increase	increase	VERB
cblr-10945	219	46	transparency	transparency	NOUN
cblr-10945	219	47	,	,	PUNCT
cblr-10945	219	48	but	but	CCONJ
cblr-10945	219	49	works	work	VERB
cblr-10945	219	50	against	against	ADP
cblr-10945	219	51	human	human	ADJ
cblr-10945	219	52	psychology	psychology	NOUN
cblr-10945	219	53	by	by	ADP
cblr-10945	219	54	flooding	flood	VERB
cblr-10945	219	55	readers	reader	NOUN
cblr-10945	219	56	with	with	ADP
cblr-10945	219	57	more	more	ADJ
cblr-10945	219	58	information	information	NOUN
cblr-10945	219	59	than	than	SCONJ
cblr-10945	219	60	they	they	PRON
cblr-10945	219	61	could	could	AUX
cblr-10945	219	62	ever	ever	ADV
cblr-10945	219	63	hope	hope	VERB
cblr-10945	219	64	to	to	PART
cblr-10945	219	65	process	process	VERB
cblr-10945	219	66	.	.	PUNCT
cblr-10945	220	1	public	public	ADJ
cblr-10945	220	2	companies	company	NOUN
cblr-10945	220	3	that	that	PRON
cblr-10945	220	4	list	list	VERB
cblr-10945	220	5	in	in	ADP
cblr-10945	220	6	the	the	DET
cblr-10945	220	7	united	united	PROPN
cblr-10945	220	8	states	states	PROPN
cblr-10945	220	9	are	be	AUX
cblr-10945	220	10	required	require	VERB
cblr-10945	220	11	to	to	PART
cblr-10945	220	12	produce	produce	VERB
cblr-10945	220	13	copious	copious	ADJ
cblr-10945	220	14	pages	page	NOUN
cblr-10945	220	15	of	of	ADP
cblr-10945	220	16	disclosure	disclosure	NOUN
cblr-10945	220	17	on	on	ADP
cblr-10945	220	18	108	108	NUM
cblr-10945	220	19	see	see	NOUN
cblr-10945	220	20	,	,	PUNCT
cblr-10945	220	21	e.g.	e.g.	ADV
cblr-10945	220	22	,	,	PUNCT
cblr-10945	220	23	alibaba	alibaba	PROPN
cblr-10945	220	24	tweaks	tweak	VERB
cblr-10945	220	25	a	a	DET
cblr-10945	220	26	controversial	controversial	ADJ
cblr-10945	220	27	legal	legal	ADJ
cblr-10945	220	28	structure	structure	NOUN
cblr-10945	220	29	,	,	PUNCT
cblr-10945	220	30	supra	supra	PROPN
cblr-10945	220	31	note	note	NOUN
cblr-10945	220	32	7	7	NUM
cblr-10945	220	33	.	.	SYM
cblr-10945	220	34	109	109	NUM
cblr-10945	220	35	see	see	NOUN
cblr-10945	220	36	,	,	PUNCT
cblr-10945	220	37	e.g.	e.g.	ADV
cblr-10945	220	38	,	,	PUNCT
cblr-10945	220	39	tamar	tamar	PROPN
cblr-10945	220	40	frankel	frankel	PROPN
cblr-10945	220	41	,	,	PUNCT
cblr-10945	220	42	the	the	DET
cblr-10945	220	43	failure	failure	NOUN
cblr-10945	220	44	of	of	ADP
cblr-10945	220	45	investor	investor	NOUN
cblr-10945	220	46	protection	protection	NOUN
cblr-10945	220	47	by	by	ADP
cblr-10945	220	48	disclosure	disclosure	NOUN
cblr-10945	220	49	,	,	PUNCT
cblr-10945	220	50	81	81	NUM
cblr-10945	220	51	u.	u.	NOUN
cblr-10945	220	52	cin	cin	PROPN
cblr-10945	220	53	.	.	PUNCT
cblr-10945	221	1	l.	l.	PROPN
cblr-10945	221	2	rev	rev	PROPN
cblr-10945	221	3	.	.	PROPN
cblr-10945	222	1	421	421	NUM
cblr-10945	222	2	(	(	PUNCT
cblr-10945	222	3	2013	2013	NUM
cblr-10945	222	4	)	)	PUNCT
cblr-10945	222	5	;	;	PUNCT
cblr-10945	223	1	paula	paula	PROPN
cblr-10945	223	2	j.	j.	PROPN
cblr-10945	223	3	dalley	dalley	PROPN
cblr-10945	223	4	,	,	PUNCT
cblr-10945	223	5	the	the	DET
cblr-10945	223	6	use	use	NOUN
cblr-10945	223	7	and	and	CCONJ
cblr-10945	223	8	misuse	misuse	NOUN
cblr-10945	223	9	of	of	ADP
cblr-10945	223	10	disclosure	disclosure	NOUN
cblr-10945	223	11	as	as	ADP
cblr-10945	223	12	a	a	DET
cblr-10945	223	13	regulatory	regulatory	ADJ
cblr-10945	223	14	system	system	NOUN
cblr-10945	223	15	,	,	PUNCT
cblr-10945	223	16	34	34	NUM
cblr-10945	223	17	fla	fla	PROPN
cblr-10945	223	18	.	.	PUNCT
cblr-10945	224	1	st	st	PROPN
cblr-10945	224	2	.	.	PROPN
cblr-10945	224	3	u.	u.	PROPN
cblr-10945	224	4	l.	l.	PROPN
cblr-10945	224	5	rev	rev	PROPN
cblr-10945	224	6	.	.	PROPN
cblr-10945	224	7	1089	1089	NUM
cblr-10945	224	8	(	(	PUNCT
cblr-10945	224	9	2007	2007	NUM
cblr-10945	224	10	)	)	PUNCT
cblr-10945	224	11	;	;	PUNCT
cblr-10945	224	12	troy	troy	PROPN
cblr-10945	224	13	a.	a.	PROPN
cblr-10945	224	14	paredes	paredes	PROPN
cblr-10945	224	15	,	,	PUNCT
cblr-10945	224	16	blinded	blind	VERB
cblr-10945	224	17	by	by	ADP
cblr-10945	224	18	the	the	DET
cblr-10945	224	19	light	light	NOUN
cblr-10945	224	20	:	:	PUNCT
cblr-10945	224	21	information	information	NOUN
cblr-10945	224	22	overload	overload	NOUN
cblr-10945	224	23	and	and	CCONJ
cblr-10945	224	24	its	its	PRON
cblr-10945	224	25	consequences	consequence	NOUN
cblr-10945	224	26	for	for	ADP
cblr-10945	224	27	securities	security	NOUN
cblr-10945	224	28	regulation	regulation	NOUN
cblr-10945	224	29	,	,	PUNCT
cblr-10945	224	30	81	81	NUM
cblr-10945	224	31	wash	wash	NOUN
cblr-10945	224	32	.	.	PUNCT
cblr-10945	225	1	u.	u.	PROPN
cblr-10945	225	2	l.	l.	PROPN
cblr-10945	225	3	q.	q.	PROPN
cblr-10945	225	4	417	417	NUM
cblr-10945	225	5	(	(	PUNCT
cblr-10945	225	6	2003	2003	NUM
cblr-10945	225	7	)	)	PUNCT
cblr-10945	225	8	;	;	PUNCT
cblr-10945	225	9	donald	donald	PROPN
cblr-10945	225	10	c.	c.	PROPN
cblr-10945	225	11	langevoort	langevoort	PROPN
cblr-10945	225	12	,	,	PUNCT
cblr-10945	226	1	selling	sell	VERB
cblr-10945	226	2	hope	hope	NOUN
cblr-10945	226	3	,	,	PUNCT
cblr-10945	226	4	selling	sell	VERB
cblr-10945	226	5	risk	risk	NOUN
cblr-10945	226	6	:	:	PUNCT
cblr-10945	226	7	some	some	DET
cblr-10945	226	8	lessons	lesson	NOUN
cblr-10945	226	9	for	for	ADP
cblr-10945	226	10	law	law	NOUN
cblr-10945	226	11	from	from	ADP
cblr-10945	226	12	behavioral	behavioral	ADJ
cblr-10945	226	13	economics	economic	NOUN
cblr-10945	226	14	about	about	ADP
cblr-10945	226	15	stockbrokers	stockbroker	NOUN
cblr-10945	226	16	and	and	CCONJ
cblr-10945	226	17	sophisticated	sophisticated	ADJ
cblr-10945	226	18	customers	customer	NOUN
cblr-10945	226	19	,	,	PUNCT
cblr-10945	226	20	84	84	NUM
cblr-10945	226	21	calif	calif	NOUN
cblr-10945	226	22	.	.	PUNCT
cblr-10945	227	1	l.	l.	PROPN
cblr-10945	227	2	rev	rev	PROPN
cblr-10945	227	3	.	.	PROPN
cblr-10945	227	4	627	627	NUM
cblr-10945	227	5	,	,	PUNCT
cblr-10945	227	6	682	682	NUM
cblr-10945	227	7	(	(	PUNCT
cblr-10945	227	8	1996	1996	NUM
cblr-10945	227	9	)	)	PUNCT
cblr-10945	227	10	;	;	PUNCT
cblr-10945	227	11	homer	homer	NOUN
cblr-10945	227	12	kripke	kripke	PROPN
cblr-10945	227	13	,	,	PUNCT
cblr-10945	227	14	the	the	DET
cblr-10945	227	15	myth	myth	NOUN
cblr-10945	227	16	of	of	ADP
cblr-10945	227	17	the	the	DET
cblr-10945	227	18	informed	informed	ADJ
cblr-10945	227	19	layman	layman	ADJ
cblr-10945	227	20	,	,	PUNCT
cblr-10945	227	21	28	28	NUM
cblr-10945	227	22	bus	bus	NOUN
cblr-10945	227	23	.	.	PUNCT
cblr-10945	228	1	law	law	NOUN
cblr-10945	228	2	.	.	PUNCT
cblr-10945	229	1	631	631	NUM
cblr-10945	229	2	(	(	PUNCT
cblr-10945	229	3	1973	1973	NUM
cblr-10945	229	4	)	)	PUNCT
cblr-10945	229	5	.	.	PUNCT
cblr-10945	230	1	1084	1084	NUM
cblr-10945	230	2	columbia	columbia	PROPN
cblr-10945	230	3	business	business	NOUN
cblr-10945	230	4	law	law	PROPN
cblr-10945	230	5	review	review	NOUN
cblr-10945	230	6	[	[	X
cblr-10945	230	7	vol	vol	NOUN
cblr-10945	230	8	.	.	PUNCT
cblr-10945	230	9	2022	2022	NUM
cblr-10945	230	10	an	an	DET
cblr-10945	230	11	ongoing	ongoing	ADJ
cblr-10945	230	12	basis.110	basis.110	NOUN
cblr-10945	230	13	from	from	ADP
cblr-10945	230	14	the	the	DET
cblr-10945	230	15	company	company	NOUN
cblr-10945	230	16	’s	’s	PART
cblr-10945	230	17	registration	registration	NOUN
cblr-10945	230	18	statement	statement	NOUN
cblr-10945	230	19	upon	upon	SCONJ
cblr-10945	230	20	going	go	VERB
cblr-10945	230	21	public	public	ADJ
cblr-10945	230	22	to	to	ADP
cblr-10945	230	23	its	its	PRON
cblr-10945	230	24	annual	annual	ADJ
cblr-10945	230	25	form	form	NOUN
cblr-10945	230	26	10	10	NUM
cblr-10945	230	27	-	-	PUNCT
cblr-10945	230	28	k	k	NOUN
cblr-10945	230	29	to	to	ADP
cblr-10945	230	30	ongoing	ongoing	ADJ
cblr-10945	230	31	disclosures	disclosure	NOUN
cblr-10945	230	32	required	require	VERB
cblr-10945	230	33	in	in	ADP
cblr-10945	230	34	form	form	NOUN
cblr-10945	230	35	8	8	NUM
cblr-10945	230	36	-	-	SYM
cblr-10945	230	37	k	k	NOUN
cblr-10945	230	38	,	,	PUNCT
cblr-10945	230	39	investors	investor	NOUN
cblr-10945	230	40	can	can	AUX
cblr-10945	230	41	make	make	VERB
cblr-10945	230	42	investment	investment	NOUN
cblr-10945	230	43	decisions	decision	NOUN
cblr-10945	230	44	informed	inform	VERB
cblr-10945	230	45	by	by	ADP
cblr-10945	230	46	an	an	DET
cblr-10945	230	47	abundance	abundance	NOUN
cblr-10945	230	48	of	of	ADP
cblr-10945	230	49	mandatory	mandatory	ADJ
cblr-10945	230	50	disclosures	disclosure	NOUN
cblr-10945	230	51	.	.	PUNCT
cblr-10945	231	1	buried	bury	VERB
cblr-10945	231	2	within	within	ADP
cblr-10945	231	3	these	these	DET
cblr-10945	231	4	documents	document	NOUN
cblr-10945	231	5	are	be	AUX
cblr-10945	231	6	paragraphs	paragraph	NOUN
cblr-10945	231	7	of	of	ADP
cblr-10945	231	8	dense	dense	ADJ
cblr-10945	231	9	legalese111	legalese111	PROPN
cblr-10945	231	10	describing	describe	VERB
cblr-10945	231	11	the	the	DET
cblr-10945	231	12	company	company	NOUN
cblr-10945	231	13	’s	’s	PART
cblr-10945	231	14	legal	legal	ADJ
cblr-10945	231	15	structure	structure	NOUN
cblr-10945	231	16	,	,	PUNCT
cblr-10945	231	17	its	its	PRON
cblr-10945	231	18	accounting	accounting	NOUN
cblr-10945	231	19	methods	method	NOUN
cblr-10945	231	20	,	,	PUNCT
cblr-10945	231	21	and	and	CCONJ
cblr-10945	231	22	the	the	DET
cblr-10945	231	23	risks	risk	NOUN
cblr-10945	231	24	it	it	PRON
cblr-10945	231	25	faces	face	VERB
cblr-10945	231	26	.	.	PUNCT
cblr-10945	232	1	prospectuses	prospectus	NOUN
cblr-10945	232	2	are	be	AUX
cblr-10945	232	3	“	"	PUNCT
cblr-10945	232	4	so	so	ADV
cblr-10945	232	5	elaborate	elaborate	ADJ
cblr-10945	232	6	that	that	SCONJ
cblr-10945	232	7	many	many	ADJ
cblr-10945	232	8	investors	investor	NOUN
cblr-10945	232	9	[	[	X
cblr-10945	232	10	are	be	AUX
cblr-10945	232	11	]	]	X
cblr-10945	232	12	unable	unable	ADJ
cblr-10945	232	13	to	to	PART
cblr-10945	232	14	detect	detect	VERB
cblr-10945	232	15	even	even	ADV
cblr-10945	232	16	blatant	blatant	ADJ
cblr-10945	232	17	fraud	fraud	NOUN
cblr-10945	232	18	solely	solely	ADV
cblr-10945	232	19	by	by	ADP
cblr-10945	232	20	reading	read	VERB
cblr-10945	232	21	[	[	X
cblr-10945	232	22	them].”112	them].”112	PROPN
cblr-10945	232	23	securities	security	NOUN
cblr-10945	232	24	issuers	issuer	NOUN
cblr-10945	232	25	bury	bury	VERB
cblr-10945	232	26	the	the	DET
cblr-10945	232	27	most	most	ADV
cblr-10945	232	28	relevant	relevant	ADJ
cblr-10945	232	29	information	information	NOUN
cblr-10945	232	30	in	in	ADP
cblr-10945	232	31	nonessential	nonessential	ADJ
cblr-10945	232	32	but	but	CCONJ
cblr-10945	232	33	mandatory	mandatory	ADJ
cblr-10945	232	34	disclosure.113	disclosure.113	NOUN
cblr-10945	232	35	given	give	VERB
cblr-10945	232	36	this	this	DET
cblr-10945	232	37	raft	raft	NOUN
cblr-10945	232	38	of	of	ADP
cblr-10945	232	39	disclosure	disclosure	NOUN
cblr-10945	232	40	,	,	PUNCT
cblr-10945	232	41	one	one	PRON
cblr-10945	232	42	might	might	AUX
cblr-10945	232	43	expect	expect	VERB
cblr-10945	232	44	investors	investor	NOUN
cblr-10945	232	45	to	to	PART
cblr-10945	232	46	be	be	AUX
cblr-10945	232	47	fully	fully	ADV
cblr-10945	232	48	informed	inform	VERB
cblr-10945	232	49	about	about	ADP
cblr-10945	232	50	any	any	DET
cblr-10945	232	51	investment	investment	NOUN
cblr-10945	232	52	decision	decision	NOUN
cblr-10945	232	53	they	they	PRON
cblr-10945	232	54	make	make	VERB
cblr-10945	232	55	.	.	PUNCT
cblr-10945	233	1	however	however	ADV
cblr-10945	233	2	,	,	PUNCT
cblr-10945	233	3	the	the	DET
cblr-10945	233	4	investors	investor	NOUN
cblr-10945	233	5	who	who	PRON
cblr-10945	233	6	read	read	VERB
cblr-10945	233	7	these	these	DET
cblr-10945	233	8	documents	document	NOUN
cblr-10945	233	9	are	be	AUX
cblr-10945	233	10	often	often	ADV
cblr-10945	233	11	not	not	PART
cblr-10945	233	12	equipped	equip	VERB
cblr-10945	233	13	with	with	ADP
cblr-10945	233	14	the	the	DET
cblr-10945	233	15	skills	skill	NOUN
cblr-10945	233	16	to	to	PART
cblr-10945	233	17	parse	parse	VERB
cblr-10945	233	18	them.114	them.114	PROPN
cblr-10945	233	19	moreover	moreover	ADV
cblr-10945	233	20	,	,	PUNCT
cblr-10945	233	21	evidence	evidence	NOUN
cblr-10945	233	22	indicates	indicate	VERB
cblr-10945	233	23	most	most	ADJ
cblr-10945	233	24	nonprofessional	nonprofessional	ADJ
cblr-10945	233	25	investors	investor	NOUN
cblr-10945	233	26	ignore	ignore	VERB
cblr-10945	233	27	these	these	DET
cblr-10945	233	28	disclosure	disclosure	NOUN
cblr-10945	233	29	documents	document	NOUN
cblr-10945	233	30	,	,	PUNCT
cblr-10945	233	31	and	and	CCONJ
cblr-10945	233	32	if	if	SCONJ
cblr-10945	233	33	they	they	PRON
cblr-10945	233	34	do	do	AUX
cblr-10945	233	35	read	read	VERB
cblr-10945	233	36	them	they	PRON
cblr-10945	233	37	,	,	PUNCT
cblr-10945	233	38	they	they	PRON
cblr-10945	233	39	often	often	ADV
cblr-10945	233	40	do	do	AUX
cblr-10945	233	41	not	not	PART
cblr-10945	233	42	understand	understand	VERB
cblr-10945	233	43	their	their	PRON
cblr-10945	233	44	meaning.115	meaning.115	NOUN
cblr-10945	233	45	more	more	ADJ
cblr-10945	233	46	information	information	NOUN
cblr-10945	233	47	is	be	AUX
cblr-10945	233	48	not	not	PART
cblr-10945	233	49	always	always	ADV
cblr-10945	233	50	better	well	ADJ
cblr-10945	233	51	.	.	PUNCT
cblr-10945	234	1	people	people	NOUN
cblr-10945	234	2	can	can	AUX
cblr-10945	234	3	only	only	ADV
cblr-10945	234	4	handle	handle	VERB
cblr-10945	234	5	so	so	ADV
cblr-10945	234	6	much	much	ADJ
cblr-10945	234	7	complexity	complexity	NOUN
cblr-10945	234	8	,	,	PUNCT
cblr-10945	234	9	and	and	CCONJ
cblr-10945	234	10	at	at	ADP
cblr-10945	234	11	a	a	DET
cblr-10945	234	12	certain	certain	ADJ
cblr-10945	234	13	point	point	NOUN
cblr-10945	234	14	,	,	PUNCT
cblr-10945	234	15	providing	provide	VERB
cblr-10945	234	16	more	more	ADJ
cblr-10945	234	17	information	information	NOUN
cblr-10945	234	18	becomes	become	VERB
cblr-10945	234	19	counterproductive	counterproductive	ADJ
cblr-10945	234	20	,	,	PUNCT
cblr-10945	234	21	forcing	force	VERB
cblr-10945	234	22	users	user	NOUN
cblr-10945	234	23	to	to	PART
cblr-10945	234	24	use	use	VERB
cblr-10945	234	25	shortcuts	shortcut	NOUN
cblr-10945	234	26	which	which	DET
cblr-10945	234	27	risk	risk	NOUN
cblr-10945	234	28	cutting	cut	VERB
cblr-10945	234	29	valuable	valuable	ADJ
cblr-10945	234	30	information	information	NOUN
cblr-10945	234	31	in	in	ADP
cblr-10945	234	32	favor	favor	NOUN
cblr-10945	234	33	of	of	ADP
cblr-10945	234	34	irrelevant	irrelevant	ADJ
cblr-10945	234	35	information.116	information.116	NOUN
cblr-10945	234	36	if	if	SCONJ
cblr-10945	234	37	a	a	DET
cblr-10945	234	38	document	document	NOUN
cblr-10945	234	39	is	be	AUX
cblr-10945	234	40	too	too	ADV
cblr-10945	234	41	long	long	ADJ
cblr-10945	234	42	and	and	CCONJ
cblr-10945	234	43	110	110	NUM
cblr-10945	234	44	see	see	VERB
cblr-10945	234	45	,	,	PUNCT
cblr-10945	234	46	e.g.	e.g.	ADV
cblr-10945	234	47	,	,	PUNCT
cblr-10945	234	48	paredes	paredes	PROPN
cblr-10945	234	49	,	,	PUNCT
cblr-10945	234	50	supra	supra	PROPN
cblr-10945	234	51	note	note	PROPN
cblr-10945	234	52	109	109	NUM
cblr-10945	234	53	,	,	PUNCT
cblr-10945	234	54	at	at	ADP
cblr-10945	234	55	418	418	NUM
cblr-10945	234	56	.	.	PUNCT
cblr-10945	234	57	111	111	NUM
cblr-10945	234	58	see	see	NOUN
cblr-10945	234	59	,	,	PUNCT
cblr-10945	234	60	e.g.	e.g.	ADV
cblr-10945	234	61	,	,	PUNCT
cblr-10945	234	62	alan	alan	PROPN
cblr-10945	234	63	b.	b.	PROPN
cblr-10945	234	64	levenson	levenson	PROPN
cblr-10945	234	65	,	,	PUNCT
cblr-10945	234	66	the	the	DET
cblr-10945	234	67	role	role	NOUN
cblr-10945	234	68	of	of	ADP
cblr-10945	234	69	the	the	DET
cblr-10945	234	70	sec	sec	PROPN
cblr-10945	234	71	as	as	ADP
cblr-10945	234	72	a	a	DET
cblr-10945	234	73	consumer	consumer	NOUN
cblr-10945	234	74	protection	protection	NOUN
cblr-10945	234	75	agency	agency	NOUN
cblr-10945	234	76	,	,	PUNCT
cblr-10945	234	77	27	27	NUM
cblr-10945	234	78	bus	bus	NOUN
cblr-10945	234	79	.	.	PUNCT
cblr-10945	235	1	law	law	NOUN
cblr-10945	235	2	.	.	PUNCT
cblr-10945	236	1	61	61	NUM
cblr-10945	236	2	,	,	PUNCT
cblr-10945	236	3	63	63	NUM
cblr-10945	236	4	(	(	PUNCT
cblr-10945	236	5	1971	1971	NUM
cblr-10945	236	6	)	)	PUNCT
cblr-10945	236	7	.	.	PUNCT
cblr-10945	237	1	112	112	NUM
cblr-10945	237	2	see	see	VERB
cblr-10945	237	3	,	,	PUNCT
cblr-10945	237	4	e.g.	e.g.	ADV
cblr-10945	237	5	,	,	PUNCT
cblr-10945	237	6	alison	alison	PROPN
cblr-10945	237	7	grey	grey	PROPN
cblr-10945	237	8	anderson	anderson	PROPN
cblr-10945	237	9	,	,	PUNCT
cblr-10945	237	10	the	the	DET
cblr-10945	237	11	disclosure	disclosure	NOUN
cblr-10945	237	12	process	process	NOUN
cblr-10945	237	13	in	in	ADP
cblr-10945	237	14	federal	federal	ADJ
cblr-10945	237	15	securities	security	NOUN
cblr-10945	237	16	regulation	regulation	NOUN
cblr-10945	237	17	:	:	PUNCT
cblr-10945	237	18	a	a	DET
cblr-10945	237	19	brief	brief	ADJ
cblr-10945	237	20	review	review	NOUN
cblr-10945	237	21	,	,	PUNCT
cblr-10945	237	22	25	25	NUM
cblr-10945	237	23	hastings	hastings	PROPN
cblr-10945	237	24	l.j	l.j	PROPN
cblr-10945	237	25	.	.	PROPN
cblr-10945	237	26	311	311	NUM
cblr-10945	237	27	,	,	PUNCT
cblr-10945	237	28	325	325	NUM
cblr-10945	237	29	(	(	PUNCT
cblr-10945	237	30	1974	1974	NUM
cblr-10945	237	31	)	)	PUNCT
cblr-10945	237	32	.	.	PUNCT
cblr-10945	238	1	113	113	NUM
cblr-10945	238	2	see	see	VERB
cblr-10945	238	3	,	,	PUNCT
cblr-10945	238	4	e.g.	e.g.	ADV
cblr-10945	238	5	,	,	PUNCT
cblr-10945	238	6	ray	ray	PROPN
cblr-10945	238	7	j.	j.	PROPN
cblr-10945	238	8	groves	grove	NOUN
cblr-10945	238	9	,	,	PUNCT
cblr-10945	238	10	here	here	ADV
cblr-10945	238	11	’s	’	VERB
cblr-10945	238	12	the	the	DET
cblr-10945	238	13	annual	annual	ADJ
cblr-10945	238	14	report	report	NOUN
cblr-10945	238	15	.	.	PUNCT
cblr-10945	239	1	got	get	VERB
cblr-10945	239	2	a	a	DET
cblr-10945	239	3	few	few	ADJ
cblr-10945	239	4	hours	hour	NOUN
cblr-10945	239	5	?	?	PUNCT
cblr-10945	239	6	,	,	PUNCT
cblr-10945	239	7	wall	wall	PROPN
cblr-10945	239	8	st	st	PROPN
cblr-10945	239	9	.	.	PROPN
cblr-10945	239	10	j.	j.	PROPN
cblr-10945	239	11	,	,	PUNCT
cblr-10945	239	12	aug	aug	PROPN
cblr-10945	239	13	.	.	PROPN
cblr-10945	239	14	4	4	NUM
cblr-10945	239	15	,	,	PUNCT
cblr-10945	239	16	1994	1994	NUM
cblr-10945	239	17	,	,	PUNCT
cblr-10945	239	18	at	at	ADP
cblr-10945	239	19	a12	a12	PROPN
cblr-10945	239	20	.	.	PUNCT
cblr-10945	240	1	114	114	NUM
cblr-10945	240	2	see	see	VERB
cblr-10945	240	3	,	,	PUNCT
cblr-10945	240	4	e.g.	e.g.	ADV
cblr-10945	240	5	,	,	PUNCT
cblr-10945	240	6	kripke	kripke	PROPN
cblr-10945	240	7	,	,	PUNCT
cblr-10945	240	8	supra	supra	PROPN
cblr-10945	240	9	note	note	NOUN
cblr-10945	240	10	109	109	NUM
cblr-10945	240	11	.	.	SYM
cblr-10945	240	12	115	115	NUM
cblr-10945	240	13	see	see	VERB
cblr-10945	240	14	,	,	PUNCT
cblr-10945	240	15	e.g.	e.g.	ADV
cblr-10945	240	16	,	,	PUNCT
cblr-10945	240	17	donald	donald	PROPN
cblr-10945	240	18	c.	c.	PROPN
cblr-10945	240	19	langevoort	langevoort	PROPN
cblr-10945	240	20	,	,	PUNCT
cblr-10945	240	21	selling	sell	VERB
cblr-10945	240	22	hope	hope	NOUN
cblr-10945	240	23	,	,	PUNCT
cblr-10945	240	24	selling	sell	VERB
cblr-10945	240	25	risk	risk	NOUN
cblr-10945	240	26	:	:	PUNCT
cblr-10945	240	27	some	some	DET
cblr-10945	240	28	lessons	lesson	NOUN
cblr-10945	240	29	for	for	ADP
cblr-10945	240	30	law	law	NOUN
cblr-10945	240	31	from	from	ADP
cblr-10945	240	32	behavioral	behavioral	ADJ
cblr-10945	240	33	economics	economic	NOUN
cblr-10945	240	34	about	about	ADP
cblr-10945	240	35	stockbrokers	stockbroker	NOUN
cblr-10945	240	36	and	and	CCONJ
cblr-10945	240	37	sophisticated	sophisticated	ADJ
cblr-10945	240	38	customers	customer	NOUN
cblr-10945	240	39	,	,	PUNCT
cblr-10945	240	40	84	84	NUM
cblr-10945	240	41	calif	calif	NOUN
cblr-10945	240	42	.	.	PUNCT
cblr-10945	241	1	l.	l.	PROPN
cblr-10945	241	2	rev	rev	PROPN
cblr-10945	241	3	.	.	PROPN
cblr-10945	241	4	627	627	NUM
cblr-10945	241	5	,	,	PUNCT
cblr-10945	241	6	682	682	NUM
cblr-10945	241	7	(	(	PUNCT
cblr-10945	241	8	1996	1996	NUM
cblr-10945	241	9	)	)	PUNCT
cblr-10945	241	10	(	(	PUNCT
cblr-10945	241	11	“	"	PUNCT
cblr-10945	241	12	[	[	X
cblr-10945	241	13	a]necdotal	a]necdotal	ADJ
cblr-10945	241	14	evidence	evidence	NOUN
cblr-10945	241	15	,	,	PUNCT
cblr-10945	241	16	supported	support	VERB
cblr-10945	241	17	by	by	ADP
cblr-10945	241	18	many	many	ADJ
cblr-10945	241	19	people	people	NOUN
cblr-10945	241	20	’s	’s	PART
cblr-10945	241	21	assumptions	assumption	NOUN
cblr-10945	241	22	about	about	ADP
cblr-10945	241	23	investment	investment	NOUN
cblr-10945	241	24	practices	practice	NOUN
cblr-10945	241	25	,	,	PUNCT
cblr-10945	241	26	indicates	indicate	VERB
cblr-10945	241	27	that	that	SCONJ
cblr-10945	241	28	most	most	ADJ
cblr-10945	241	29	nonprofessional	nonprofessional	ADJ
cblr-10945	241	30	investors	investor	NOUN
cblr-10945	241	31	do	do	AUX
cblr-10945	241	32	not	not	PART
cblr-10945	241	33	read	read	VERB
cblr-10945	241	34	the	the	DET
cblr-10945	241	35	prospectuses	prospectus	NOUN
cblr-10945	241	36	and	and	CCONJ
cblr-10945	241	37	other	other	ADJ
cblr-10945	241	38	legal	legal	ADJ
cblr-10945	241	39	disclosure	disclosure	NOUN
cblr-10945	241	40	documents	document	NOUN
cblr-10945	241	41	they	they	PRON
cblr-10945	241	42	are	be	AUX
cblr-10945	241	43	given	give	VERB
cblr-10945	241	44	.	.	PUNCT
cblr-10945	241	45	”	"	PUNCT
cblr-10945	241	46	)	)	PUNCT
cblr-10945	241	47	(	(	PUNCT
cblr-10945	241	48	citing	cite	VERB
cblr-10945	241	49	homer	homer	NOUN
cblr-10945	241	50	kripke	kripke	PROPN
cblr-10945	241	51	,	,	PUNCT
cblr-10945	241	52	the	the	DET
cblr-10945	241	53	myth	myth	NOUN
cblr-10945	241	54	of	of	ADP
cblr-10945	241	55	the	the	DET
cblr-10945	241	56	informed	informed	ADJ
cblr-10945	241	57	layman	layman	ADJ
cblr-10945	241	58	,	,	PUNCT
cblr-10945	241	59	28	28	NUM
cblr-10945	241	60	bus	bus	NOUN
cblr-10945	241	61	.	.	PUNCT
cblr-10945	242	1	law	law	NOUN
cblr-10945	242	2	.	.	PUNCT
cblr-10945	243	1	631	631	NUM
cblr-10945	243	2	(	(	PUNCT
cblr-10945	243	3	1973	1973	NUM
cblr-10945	243	4	)	)	PUNCT
cblr-10945	243	5	)	)	PUNCT
cblr-10945	243	6	.	.	PUNCT
cblr-10945	244	1	116	116	NUM
cblr-10945	244	2	see	see	VERB
cblr-10945	244	3	,	,	PUNCT
cblr-10945	244	4	e.g.	e.g.	ADV
cblr-10945	244	5	,	,	PUNCT
cblr-10945	244	6	heuristics	heuristic	NOUN
cblr-10945	244	7	and	and	CCONJ
cblr-10945	244	8	biases	bias	NOUN
cblr-10945	244	9	:	:	PUNCT
cblr-10945	244	10	the	the	DET
cblr-10945	244	11	psychology	psychology	NOUN
cblr-10945	244	12	of	of	ADP
cblr-10945	244	13	intuitive	intuitive	ADJ
cblr-10945	244	14	judgment	judgment	NOUN
cblr-10945	244	15	49	49	NUM
cblr-10945	244	16	(	(	PUNCT
cblr-10945	244	17	thomas	thomas	PROPN
cblr-10945	244	18	gilovich	gilovich	PROPN
cblr-10945	244	19	,	,	PUNCT
cblr-10945	244	20	dale	dale	PROPN
cblr-10945	244	21	griffin	griffin	PROPN
cblr-10945	244	22	,	,	PUNCT
cblr-10945	244	23	&	&	CCONJ
cblr-10945	244	24	daniel	daniel	PROPN
cblr-10945	244	25	kahneman	kahneman	PROPN
cblr-10945	244	26	eds	eds	PROPN
cblr-10945	244	27	.	.	PROPN
cblr-10945	244	28	,	,	PUNCT
cblr-10945	244	29	no	no	INTJ
cblr-10945	244	30	.	.	PUNCT
cblr-10945	245	1	2:1066	2:1066	NUM
cblr-10945	245	2	]	]	PUNCT
cblr-10945	245	3	the	the	DET
cblr-10945	245	4	sec	sec	PROPN
cblr-10945	245	5	’s	’s	PART
cblr-10945	245	6	vie	vie	PROPN
cblr-10945	245	7	problem	problem	PROPN
cblr-10945	245	8	1085	1085	NUM
cblr-10945	245	9	complex	complex	ADJ
cblr-10945	245	10	,	,	PUNCT
cblr-10945	245	11	retail	retail	ADJ
cblr-10945	245	12	investors	investor	NOUN
cblr-10945	245	13	may	may	AUX
cblr-10945	245	14	forego	forego	ADV
cblr-10945	245	15	reading	read	VERB
cblr-10945	245	16	it	it	PRON
cblr-10945	245	17	at	at	ADV
cblr-10945	245	18	all	all	ADV
cblr-10945	245	19	,	,	PUNCT
cblr-10945	245	20	preferring	prefer	VERB
cblr-10945	245	21	not	not	PART
cblr-10945	245	22	to	to	PART
cblr-10945	245	23	waste	waste	VERB
cblr-10945	245	24	their	their	PRON
cblr-10945	245	25	time	time	NOUN
cblr-10945	245	26	with	with	ADP
cblr-10945	245	27	a	a	DET
cblr-10945	245	28	document	document	NOUN
cblr-10945	245	29	they	they	PRON
cblr-10945	245	30	know	know	VERB
cblr-10945	245	31	they	they	PRON
cblr-10945	245	32	will	will	AUX
cblr-10945	245	33	not	not	PART
cblr-10945	245	34	understand.117	understand.117	ADJ
cblr-10945	245	35	when	when	SCONJ
cblr-10945	245	36	presented	present	VERB
cblr-10945	245	37	with	with	ADP
cblr-10945	245	38	more	more	ADJ
cblr-10945	245	39	information	information	NOUN
cblr-10945	245	40	,	,	PUNCT
cblr-10945	245	41	the	the	DET
cblr-10945	245	42	quality	quality	NOUN
cblr-10945	245	43	of	of	ADP
cblr-10945	245	44	decision	decision	NOUN
cblr-10945	245	45	making	make	VERB
cblr-10945	245	46	initially	initially	ADV
cblr-10945	245	47	increases	increase	NOUN
cblr-10945	245	48	and	and	CCONJ
cblr-10945	245	49	then	then	ADV
cblr-10945	245	50	plateaus	plateaus	NOUN
cblr-10945	245	51	,	,	PUNCT
cblr-10945	245	52	but	but	CCONJ
cblr-10945	245	53	the	the	DET
cblr-10945	245	54	quality	quality	NOUN
cblr-10945	245	55	of	of	ADP
cblr-10945	245	56	decision	decision	NOUN
cblr-10945	245	57	making	making	NOUN
cblr-10945	245	58	will	will	AUX
cblr-10945	245	59	eventually	eventually	ADV
cblr-10945	245	60	decline	decline	VERB
cblr-10945	245	61	once	once	SCONJ
cblr-10945	245	62	the	the	DET
cblr-10945	245	63	decisionmaker	decisionmaker	NOUN
cblr-10945	245	64	is	be	AUX
cblr-10945	245	65	overloaded	overload	VERB
cblr-10945	245	66	with	with	ADP
cblr-10945	245	67	information.118	information.118	NOUN
cblr-10945	245	68	more	more	ADV
cblr-10945	245	69	effective	effective	ADJ
cblr-10945	245	70	disclosure	disclosure	NOUN
cblr-10945	245	71	does	do	AUX
cblr-10945	245	72	not	not	PART
cblr-10945	245	73	simply	simply	ADV
cblr-10945	245	74	mean	mean	VERB
cblr-10945	245	75	more	more	ADJ
cblr-10945	245	76	disclosure	disclosure	NOUN
cblr-10945	245	77	.	.	PUNCT
cblr-10945	246	1	exacerbating	exacerbate	VERB
cblr-10945	246	2	this	this	DET
cblr-10945	246	3	problem	problem	NOUN
cblr-10945	246	4	is	be	AUX
cblr-10945	246	5	the	the	DET
cblr-10945	246	6	fact	fact	NOUN
cblr-10945	246	7	that	that	SCONJ
cblr-10945	246	8	people	people	NOUN
cblr-10945	246	9	consistently	consistently	ADV
cblr-10945	246	10	exhibit	exhibit	VERB
cblr-10945	246	11	overconfidence	overconfidence	NOUN
cblr-10945	246	12	in	in	ADP
cblr-10945	246	13	their	their	PRON
cblr-10945	246	14	ability	ability	NOUN
cblr-10945	246	15	to	to	PART
cblr-10945	246	16	avoid	avoid	VERB
cblr-10945	246	17	future	future	ADJ
cblr-10945	246	18	risks.119	risks.119	PROPN
cblr-10945	246	19	in	in	ADP
cblr-10945	246	20	the	the	DET
cblr-10945	246	21	investing	investing	NOUN
cblr-10945	246	22	context	context	NOUN
cblr-10945	246	23	,	,	PUNCT
cblr-10945	246	24	a	a	DET
cblr-10945	246	25	feedback	feedback	NOUN
cblr-10945	246	26	loop	loop	NOUN
cblr-10945	246	27	reinforces	reinforce	VERB
cblr-10945	246	28	this	this	DET
cblr-10945	246	29	overconfidence	overconfidence	NOUN
cblr-10945	246	30	.	.	PUNCT
cblr-10945	247	1	as	as	SCONJ
cblr-10945	247	2	certain	certain	ADJ
cblr-10945	247	3	picks	pick	NOUN
cblr-10945	247	4	do	do	VERB
cblr-10945	247	5	well	well	ADV
cblr-10945	247	6	,	,	PUNCT
cblr-10945	247	7	investors	investor	NOUN
cblr-10945	247	8	attribute	attribute	VERB
cblr-10945	247	9	their	their	PRON
cblr-10945	247	10	success	success	NOUN
cblr-10945	247	11	to	to	ADP
cblr-10945	247	12	their	their	PRON
cblr-10945	247	13	stock	stock	NOUN
cblr-10945	247	14	-	-	PUNCT
cblr-10945	247	15	picking	pick	VERB
cblr-10945	247	16	ability	ability	NOUN
cblr-10945	247	17	.	.	PUNCT
cblr-10945	248	1	if	if	SCONJ
cblr-10945	248	2	investments	investment	NOUN
cblr-10945	248	3	lose	lose	VERB
cblr-10945	248	4	value	value	NOUN
cblr-10945	248	5	,	,	PUNCT
cblr-10945	248	6	people	people	NOUN
cblr-10945	248	7	tend	tend	VERB
cblr-10945	248	8	to	to	PART
cblr-10945	248	9	ignore	ignore	VERB
cblr-10945	248	10	them	they	PRON
cblr-10945	248	11	as	as	ADP
cblr-10945	248	12	outliers	outlier	NOUN
cblr-10945	248	13	,	,	PUNCT
cblr-10945	248	14	blaming	blame	VERB
cblr-10945	248	15	the	the	DET
cblr-10945	248	16	results	result	NOUN
cblr-10945	248	17	on	on	ADP
cblr-10945	248	18	chance	chance	NOUN
cblr-10945	248	19	and	and	CCONJ
cblr-10945	248	20	outside	outside	ADJ
cblr-10945	248	21	factors	factor	NOUN
cblr-10945	248	22	beyond	beyond	ADP
cblr-10945	248	23	their	their	PRON
cblr-10945	248	24	control.120	control.120	NOUN
cblr-10945	248	25	this	this	DET
cblr-10945	248	26	feedback	feedback	NOUN
cblr-10945	248	27	loop	loop	NOUN
cblr-10945	248	28	strengthens	strengthen	VERB
cblr-10945	248	29	as	as	SCONJ
cblr-10945	248	30	bull	bull	NOUN
cblr-10945	248	31	markets	market	NOUN
cblr-10945	248	32	assure	assure	VERB
cblr-10945	248	33	investors	investor	NOUN
cblr-10945	248	34	with	with	ADP
cblr-10945	248	35	positive	positive	ADJ
cblr-10945	248	36	results	result	NOUN
cblr-10945	248	37	,	,	PUNCT
cblr-10945	248	38	which	which	PRON
cblr-10945	248	39	distort	distort	VERB
cblr-10945	248	40	their	their	PRON
cblr-10945	248	41	evaluation.121	evaluation.121	ADJ
cblr-10945	248	42	these	these	DET
cblr-10945	248	43	behavioral	behavioral	ADJ
cblr-10945	248	44	factors	factor	NOUN
cblr-10945	248	45	combine	combine	VERB
cblr-10945	248	46	to	to	PART
cblr-10945	248	47	spell	spell	VERB
cblr-10945	248	48	doom	doom	NOUN
cblr-10945	248	49	for	for	ADP
cblr-10945	248	50	the	the	DET
cblr-10945	248	51	current	current	ADJ
cblr-10945	248	52	disclosure	disclosure	NOUN
cblr-10945	248	53	system	system	NOUN
cblr-10945	248	54	’s	’s	PART
cblr-10945	248	55	ability	ability	NOUN
cblr-10945	248	56	to	to	PART
cblr-10945	248	57	protect	protect	VERB
cblr-10945	248	58	the	the	DET
cblr-10945	248	59	average	average	ADJ
cblr-10945	248	60	investor	investor	NOUN
cblr-10945	248	61	from	from	ADP
cblr-10945	248	62	a	a	DET
cblr-10945	248	63	company	company	NOUN
cblr-10945	248	64	’s	’s	PART
cblr-10945	248	65	most	most	ADJ
cblr-10945	248	66	salient	salient	ADJ
cblr-10945	248	67	risks	risk	NOUN
cblr-10945	248	68	.	.	PUNCT
cblr-10945	249	1	an	an	DET
cblr-10945	249	2	issuer	issuer	NOUN
cblr-10945	249	3	’s	’s	PART
cblr-10945	249	4	discussion	discussion	NOUN
cblr-10945	249	5	of	of	ADP
cblr-10945	249	6	risk	risk	NOUN
cblr-10945	249	7	factors	factor	NOUN
cblr-10945	249	8	is	be	AUX
cblr-10945	249	9	too	too	ADV
cblr-10945	249	10	dense	dense	ADJ
cblr-10945	249	11	to	to	PART
cblr-10945	249	12	penetrate	penetrate	VERB
cblr-10945	249	13	,	,	PUNCT
cblr-10945	249	14	and	and	CCONJ
cblr-10945	249	15	its	its	PRON
cblr-10945	249	16	discussion	discussion	NOUN
cblr-10945	249	17	of	of	ADP
cblr-10945	249	18	mundane	mundane	ADJ
cblr-10945	249	19	,	,	PUNCT
cblr-10945	249	20	catch	catch	NOUN
cblr-10945	249	21	-	-	PUNCT
cblr-10945	249	22	all	all	DET
cblr-10945	249	23	risks	risk	NOUN
cblr-10945	249	24	assumed	assume	VERB
cblr-10945	249	25	to	to	PART
cblr-10945	249	26	apply	apply	VERB
cblr-10945	249	27	to	to	ADP
cblr-10945	249	28	all	all	DET
cblr-10945	249	29	2002	2002	NUM
cblr-10945	249	30	)	)	PUNCT
cblr-10945	249	31	;	;	PUNCT
cblr-10945	249	32	kevin	kevin	PROPN
cblr-10945	249	33	lane	lane	PROPN
cblr-10945	249	34	keller	keller	PROPN
cblr-10945	249	35	&	&	CCONJ
cblr-10945	249	36	richard	richard	PROPN
cblr-10945	249	37	staelin	staelin	PROPN
cblr-10945	249	38	,	,	PUNCT
cblr-10945	249	39	effects	effect	NOUN
cblr-10945	249	40	of	of	ADP
cblr-10945	249	41	quality	quality	NOUN
cblr-10945	249	42	and	and	CCONJ
cblr-10945	249	43	quantity	quantity	NOUN
cblr-10945	249	44	of	of	ADP
cblr-10945	249	45	information	information	NOUN
cblr-10945	249	46	on	on	ADP
cblr-10945	249	47	decision	decision	NOUN
cblr-10945	249	48	effectiveness	effectiveness	NOUN
cblr-10945	249	49	,	,	PUNCT
cblr-10945	249	50	14	14	NUM
cblr-10945	249	51	j.	j.	PROPN
cblr-10945	249	52	consumer	consumer	NOUN
cblr-10945	249	53	res	re	NOUN
cblr-10945	249	54	.	.	PUNCT
cblr-10945	250	1	200	200	NUM
cblr-10945	250	2	,	,	PUNCT
cblr-10945	250	3	200–01	200–01	PROPN
cblr-10945	250	4	(	(	PUNCT
cblr-10945	250	5	1987	1987	NUM
cblr-10945	250	6	)	)	PUNCT
cblr-10945	250	7	(	(	PUNCT
cblr-10945	250	8	including	include	VERB
cblr-10945	250	9	a	a	DET
cblr-10945	250	10	review	review	NOUN
cblr-10945	250	11	of	of	ADP
cblr-10945	250	12	the	the	DET
cblr-10945	250	13	literature	literature	NOUN
cblr-10945	250	14	)	)	PUNCT
cblr-10945	250	15	.	.	PUNCT
cblr-10945	251	1	117	117	NUM
cblr-10945	251	2	see	see	NOUN
cblr-10945	251	3	,	,	PUNCT
cblr-10945	251	4	e.g.	e.g.	ADV
cblr-10945	251	5	,	,	PUNCT
cblr-10945	251	6	norman	norman	PROPN
cblr-10945	251	7	i.	i.	PROPN
cblr-10945	251	8	silber	silber	PROPN
cblr-10945	251	9	,	,	PUNCT
cblr-10945	251	10	observing	observe	VERB
cblr-10945	251	11	reasonable	reasonable	ADJ
cblr-10945	251	12	consumers	consumer	NOUN
cblr-10945	251	13	:	:	PUNCT
cblr-10945	251	14	cognitive	cognitive	ADJ
cblr-10945	251	15	psychology	psychology	NOUN
cblr-10945	251	16	,	,	PUNCT
cblr-10945	251	17	consumer	consumer	NOUN
cblr-10945	251	18	behavior	behavior	NOUN
cblr-10945	251	19	and	and	CCONJ
cblr-10945	251	20	consumer	consumer	NOUN
cblr-10945	251	21	law	law	NOUN
cblr-10945	251	22	,	,	PUNCT
cblr-10945	251	23	2	2	NUM
cblr-10945	251	24	loy	loy	PROPN
cblr-10945	251	25	.	.	PUNCT
cblr-10945	252	1	consumer	consumer	PROPN
cblr-10945	252	2	l.	l.	PROPN
cblr-10945	252	3	rep	rep	PROPN
cblr-10945	252	4	.	.	PROPN
cblr-10945	252	5	69	69	NUM
cblr-10945	252	6	,	,	PUNCT
cblr-10945	252	7	72	72	NUM
cblr-10945	252	8	(	(	PUNCT
cblr-10945	252	9	1990	1990	NUM
cblr-10945	252	10	)	)	PUNCT
cblr-10945	252	11	.	.	PUNCT
cblr-10945	253	1	118	118	NUM
cblr-10945	253	2	see	see	VERB
cblr-10945	253	3	,	,	PUNCT
cblr-10945	253	4	e.g.	e.g.	ADV
cblr-10945	253	5	,	,	PUNCT
cblr-10945	253	6	brad	brad	PROPN
cblr-10945	253	7	tuttle	tuttle	PROPN
cblr-10945	253	8	&	&	CCONJ
cblr-10945	253	9	f.	f.	PROPN
cblr-10945	253	10	greg	greg	PROPN
cblr-10945	253	11	burton	burton	PROPN
cblr-10945	253	12	,	,	PUNCT
cblr-10945	253	13	the	the	DET
cblr-10945	253	14	effect	effect	NOUN
cblr-10945	253	15	of	of	ADP
cblr-10945	253	16	a	a	DET
cblr-10945	253	17	modest	modest	ADJ
cblr-10945	253	18	incentive	incentive	NOUN
cblr-10945	253	19	on	on	ADP
cblr-10945	253	20	information	information	NOUN
cblr-10945	253	21	overload	overload	NOUN
cblr-10945	253	22	in	in	ADP
cblr-10945	253	23	an	an	DET
cblr-10945	253	24	investment	investment	NOUN
cblr-10945	253	25	analysis	analysis	NOUN
cblr-10945	253	26	task	task	NOUN
cblr-10945	253	27	,	,	PUNCT
cblr-10945	253	28	24	24	NUM
cblr-10945	253	29	acct	acct	NOUN
cblr-10945	253	30	.	.	PUNCT
cblr-10945	253	31	,	,	PUNCT
cblr-10945	253	32	org	org	PROPN
cblr-10945	253	33	.	.	PROPN
cblr-10945	253	34	&	&	CCONJ
cblr-10945	253	35	society	society	PROPN
cblr-10945	253	36	673	673	NUM
cblr-10945	253	37	,	,	PUNCT
cblr-10945	253	38	673–74	673–74	NUM
cblr-10945	253	39	(	(	PUNCT
cblr-10945	253	40	1999	1999	NUM
cblr-10945	253	41	)	)	PUNCT
cblr-10945	253	42	.	.	PUNCT
cblr-10945	254	1	119	119	NUM
cblr-10945	254	2	baruch	baruch	ADJ
cblr-10945	254	3	fischhoff	fischhoff	PROPN
cblr-10945	254	4	et	et	PROPN
cblr-10945	254	5	al	al	PROPN
cblr-10945	254	6	.	.	PROPN
cblr-10945	254	7	,	,	PUNCT
cblr-10945	254	8	knowing	know	VERB
cblr-10945	254	9	with	with	ADP
cblr-10945	254	10	certainty	certainty	NOUN
cblr-10945	254	11	:	:	PUNCT
cblr-10945	254	12	the	the	DET
cblr-10945	254	13	appropriateness	appropriateness	NOUN
cblr-10945	254	14	of	of	ADP
cblr-10945	254	15	extreme	extreme	ADJ
cblr-10945	254	16	confidence	confidence	NOUN
cblr-10945	254	17	,	,	PUNCT
cblr-10945	254	18	3	3	NUM
cblr-10945	254	19	j.	j.	PROPN
cblr-10945	254	20	experimental	experimental	PROPN
cblr-10945	254	21	psychol	psychol	PROPN
cblr-10945	254	22	.	.	PUNCT
cblr-10945	254	23	:	:	PUNCT
cblr-10945	255	1	hum	hum	ADJ
cblr-10945	255	2	.	.	PUNCT
cblr-10945	256	1	perception	perception	NOUN
cblr-10945	256	2	&	&	CCONJ
cblr-10945	256	3	performance	performance	NOUN
cblr-10945	256	4	552	552	NUM
cblr-10945	256	5	(	(	PUNCT
cblr-10945	256	6	1977	1977	NUM
cblr-10945	256	7	)	)	PUNCT
cblr-10945	256	8	.	.	PUNCT
cblr-10945	257	1	120	120	NUM
cblr-10945	257	2	donald	donald	PROPN
cblr-10945	257	3	c.	c.	PROPN
cblr-10945	257	4	langevoort	langevoort	PROPN
cblr-10945	257	5	,	,	PUNCT
cblr-10945	257	6	selling	sell	VERB
cblr-10945	257	7	hope	hope	NOUN
cblr-10945	257	8	,	,	PUNCT
cblr-10945	257	9	selling	sell	VERB
cblr-10945	257	10	risk	risk	NOUN
cblr-10945	257	11	:	:	PUNCT
cblr-10945	257	12	some	some	DET
cblr-10945	257	13	lessons	lesson	NOUN
cblr-10945	257	14	for	for	ADP
cblr-10945	257	15	law	law	NOUN
cblr-10945	257	16	from	from	ADP
cblr-10945	257	17	behavioral	behavioral	ADJ
cblr-10945	257	18	economics	economic	NOUN
cblr-10945	257	19	about	about	ADP
cblr-10945	257	20	stockbrokers	stockbroker	NOUN
cblr-10945	257	21	and	and	CCONJ
cblr-10945	257	22	sophisticated	sophisticated	ADJ
cblr-10945	257	23	customers	customer	NOUN
cblr-10945	257	24	,	,	PUNCT
cblr-10945	257	25	84	84	NUM
cblr-10945	257	26	cal	cal	PROPN
cblr-10945	257	27	l.	l.	PROPN
cblr-10945	257	28	rev	rev	PROPN
cblr-10945	257	29	.	.	PROPN
cblr-10945	257	30	627	627	NUM
cblr-10945	257	31	,	,	PUNCT
cblr-10945	257	32	639	639	NUM
cblr-10945	257	33	(	(	PUNCT
cblr-10945	257	34	1996	1996	NUM
cblr-10945	257	35	)	)	PUNCT
cblr-10945	257	36	.	.	PUNCT
cblr-10945	258	1	121	121	NUM
cblr-10945	258	2	donald	donald	PROPN
cblr-10945	258	3	c.	c.	PROPN
cblr-10945	258	4	langevoort	langevoort	PROPN
cblr-10945	258	5	,	,	PUNCT
cblr-10945	258	6	taming	tame	VERB
cblr-10945	258	7	the	the	DET
cblr-10945	258	8	animal	animal	NOUN
cblr-10945	258	9	spirits	spirit	NOUN
cblr-10945	258	10	of	of	ADP
cblr-10945	258	11	the	the	DET
cblr-10945	258	12	stock	stock	NOUN
cblr-10945	258	13	markets	market	NOUN
cblr-10945	258	14	:	:	PUNCT
cblr-10945	258	15	a	a	DET
cblr-10945	258	16	behavioral	behavioral	ADJ
cblr-10945	258	17	approach	approach	NOUN
cblr-10945	258	18	to	to	ADP
cblr-10945	258	19	securities	security	NOUN
cblr-10945	258	20	regulation	regulation	NOUN
cblr-10945	258	21	,	,	PUNCT
cblr-10945	258	22	97	97	NUM
cblr-10945	258	23	nw	nw	NOUN
cblr-10945	258	24	.	.	PUNCT
cblr-10945	258	25	u.	u.	PROPN
cblr-10945	258	26	l.	l.	PROPN
cblr-10945	258	27	rev	rev	PROPN
cblr-10945	258	28	.	.	PROPN
cblr-10945	258	29	135	135	NUM
cblr-10945	258	30	,	,	PUNCT
cblr-10945	258	31	159	159	NUM
cblr-10945	258	32	(	(	PUNCT
cblr-10945	258	33	2002	2002	NUM
cblr-10945	258	34	)	)	PUNCT
cblr-10945	258	35	.	.	PUNCT
cblr-10945	259	1	1086	1086	NUM
cblr-10945	259	2	columbia	columbia	PROPN
cblr-10945	259	3	business	business	NOUN
cblr-10945	259	4	law	law	PROPN
cblr-10945	259	5	review	review	NOUN
cblr-10945	259	6	[	[	X
cblr-10945	259	7	vol	vol	NOUN
cblr-10945	259	8	.	.	PUNCT
cblr-10945	260	1	2022	2022	NUM
cblr-10945	260	2	companies	company	NOUN
cblr-10945	260	3	works	work	VERB
cblr-10945	260	4	to	to	PART
cblr-10945	260	5	hide	hide	VERB
cblr-10945	260	6	unusual	unusual	ADJ
cblr-10945	260	7	or	or	CCONJ
cblr-10945	260	8	extraordinary	extraordinary	ADJ
cblr-10945	260	9	risks	risk	NOUN
cblr-10945	260	10	drafted	draft	VERB
cblr-10945	260	11	in	in	ADP
cblr-10945	260	12	legalese	legalese	PROPN
cblr-10945	260	13	.	.	PUNCT
cblr-10945	261	1	combine	combine	VERB
cblr-10945	261	2	this	this	PRON
cblr-10945	261	3	with	with	ADP
cblr-10945	261	4	investor	investor	NOUN
cblr-10945	261	5	overconfidence	overconfidence	NOUN
cblr-10945	261	6	and	and	CCONJ
cblr-10945	261	7	the	the	DET
cblr-10945	261	8	fact	fact	NOUN
cblr-10945	261	9	that	that	SCONJ
cblr-10945	261	10	people	people	NOUN
cblr-10945	261	11	tend	tend	VERB
cblr-10945	261	12	to	to	PART
cblr-10945	261	13	disregard	disregard	VERB
cblr-10945	261	14	non	non	ADJ
cblr-10945	261	15	-	-	ADJ
cblr-10945	261	16	salient	salient	ADJ
cblr-10945	261	17	risks	risk	NOUN
cblr-10945	261	18	whose	whose	DET
cblr-10945	261	19	occurrence	occurrence	NOUN
cblr-10945	261	20	may	may	AUX
cblr-10945	261	21	be	be	AUX
cblr-10945	261	22	far	far	ADV
cblr-10945	261	23	in	in	ADP
cblr-10945	261	24	the	the	DET
cblr-10945	261	25	future	future	NOUN
cblr-10945	261	26	,	,	PUNCT
cblr-10945	261	27	and	and	CCONJ
cblr-10945	261	28	the	the	DET
cblr-10945	261	29	result	result	NOUN
cblr-10945	261	30	is	be	AUX
cblr-10945	261	31	that	that	SCONJ
cblr-10945	261	32	,	,	PUNCT
cblr-10945	261	33	if	if	SCONJ
cblr-10945	261	34	an	an	DET
cblr-10945	261	35	investor	investor	NOUN
cblr-10945	261	36	does	do	AUX
cblr-10945	261	37	open	open	VERB
cblr-10945	261	38	a	a	DET
cblr-10945	261	39	disclosure	disclosure	NOUN
cblr-10945	261	40	document	document	NOUN
cblr-10945	261	41	,	,	PUNCT
cblr-10945	261	42	they	they	PRON
cblr-10945	261	43	are	be	AUX
cblr-10945	261	44	almost	almost	ADV
cblr-10945	261	45	certain	certain	ADJ
cblr-10945	261	46	to	to	PART
cblr-10945	261	47	miss	miss	VERB
cblr-10945	261	48	the	the	DET
cblr-10945	261	49	company	company	NOUN
cblr-10945	261	50	’s	’s	PART
cblr-10945	261	51	most	most	ADJ
cblr-10945	261	52	salient	salient	ADJ
cblr-10945	261	53	risk	risk	NOUN
cblr-10945	261	54	factors	factor	NOUN
cblr-10945	261	55	.	.	PUNCT
cblr-10945	262	1	b.	b.	PROPN
cblr-10945	262	2	susceptibility	susceptibility	NOUN
cblr-10945	262	3	of	of	ADP
cblr-10945	262	4	new	new	ADJ
cblr-10945	262	5	retail	retail	ADJ
cblr-10945	262	6	investors	investor	NOUN
cblr-10945	262	7	current	current	ADJ
cblr-10945	262	8	disclosure	disclosure	NOUN
cblr-10945	262	9	mechanisms	mechanism	NOUN
cblr-10945	262	10	’	'	PUNCT
cblr-10945	262	11	failures	failure	NOUN
cblr-10945	262	12	are	be	AUX
cblr-10945	262	13	more	more	ADV
cblr-10945	262	14	pronounced	pronounced	ADJ
cblr-10945	262	15	in	in	ADP
cblr-10945	262	16	the	the	DET
cblr-10945	262	17	context	context	NOUN
cblr-10945	262	18	of	of	ADP
cblr-10945	262	19	retail	retail	ADJ
cblr-10945	262	20	investors	investor	NOUN
cblr-10945	262	21	,	,	PUNCT
cblr-10945	262	22	whose	whose	DET
cblr-10945	262	23	prominence	prominence	NOUN
cblr-10945	262	24	has	have	AUX
cblr-10945	262	25	been	be	AUX
cblr-10945	262	26	growing	grow	VERB
cblr-10945	262	27	in	in	ADP
cblr-10945	262	28	recent	recent	ADJ
cblr-10945	262	29	years.122	years.122	NOUN
cblr-10945	262	30	as	as	SCONJ
cblr-10945	262	31	future	future	ADJ
cblr-10945	262	32	supreme	supreme	PROPN
cblr-10945	262	33	court	court	PROPN
cblr-10945	262	34	justice	justice	PROPN
cblr-10945	262	35	william	william	PROPN
cblr-10945	262	36	o.	o.	PROPN
cblr-10945	262	37	douglas	douglas	PROPN
cblr-10945	262	38	noted	note	VERB
cblr-10945	262	39	nearly	nearly	ADV
cblr-10945	262	40	90	90	NUM
cblr-10945	262	41	years	year	NOUN
cblr-10945	262	42	ago	ago	ADV
cblr-10945	262	43	:	:	PUNCT
cblr-10945	263	1	[	[	X
cblr-10945	263	2	t]hose	t]hose	ADP
cblr-10945	263	3	needing	need	VERB
cblr-10945	263	4	investment	investment	NOUN
cblr-10945	263	5	guidance	guidance	NOUN
cblr-10945	263	6	will	will	AUX
cblr-10945	263	7	receive	receive	VERB
cblr-10945	263	8	small	small	ADJ
cblr-10945	263	9	comfort	comfort	NOUN
cblr-10945	263	10	from	from	ADP
cblr-10945	263	11	the	the	DET
cblr-10945	263	12	balance	balance	NOUN
cblr-10945	263	13	sheets	sheet	NOUN
cblr-10945	263	14	,	,	PUNCT
cblr-10945	263	15	contracts	contract	NOUN
cblr-10945	263	16	,	,	PUNCT
cblr-10945	263	17	or	or	CCONJ
cblr-10945	263	18	compilation	compilation	NOUN
cblr-10945	263	19	of	of	ADP
cblr-10945	263	20	other	other	ADJ
cblr-10945	263	21	data	datum	NOUN
cblr-10945	263	22	revealed	reveal	VERB
cblr-10945	263	23	in	in	ADP
cblr-10945	263	24	the	the	DET
cblr-10945	263	25	registration	registration	NOUN
cblr-10945	263	26	statement	statement	NOUN
cblr-10945	263	27	.	.	PUNCT
cblr-10945	264	1	they	they	PRON
cblr-10945	264	2	either	either	CCONJ
cblr-10945	264	3	lack	lack	VERB
cblr-10945	264	4	the	the	DET
cblr-10945	264	5	training	training	NOUN
cblr-10945	264	6	or	or	CCONJ
cblr-10945	264	7	intelligence	intelligence	NOUN
cblr-10945	264	8	to	to	PART
cblr-10945	264	9	assimilate	assimilate	VERB
cblr-10945	264	10	them	they	PRON
cblr-10945	264	11	and	and	CCONJ
cblr-10945	264	12	find	find	VERB
cblr-10945	264	13	them	they	PRON
cblr-10945	264	14	useful	useful	ADJ
cblr-10945	264	15	,	,	PUNCT
cblr-10945	264	16	or	or	CCONJ
cblr-10945	264	17	are	be	AUX
cblr-10945	264	18	so	so	ADV
cblr-10945	264	19	concerned	concerned	ADJ
cblr-10945	264	20	with	with	ADP
cblr-10945	264	21	a	a	DET
cblr-10945	264	22	speculative	speculative	ADJ
cblr-10945	264	23	profit	profit	NOUN
cblr-10945	264	24	as	as	SCONJ
cblr-10945	264	25	to	to	PART
cblr-10945	264	26	consider	consider	VERB
cblr-10945	264	27	them	they	PRON
cblr-10945	264	28	irrelevant.123	irrelevant.123	VERB
cblr-10945	264	29	much	much	ADJ
cblr-10945	264	30	of	of	ADP
cblr-10945	264	31	the	the	DET
cblr-10945	264	32	sec	sec	PROPN
cblr-10945	264	33	’s	’s	PART
cblr-10945	264	34	work	work	NOUN
cblr-10945	264	35	is	be	AUX
cblr-10945	264	36	in	in	ADP
cblr-10945	264	37	the	the	DET
cblr-10945	264	38	name	name	NOUN
cblr-10945	264	39	of	of	ADP
cblr-10945	264	40	making	make	VERB
cblr-10945	264	41	disclosure	disclosure	NOUN
cblr-10945	264	42	accessible	accessible	ADJ
cblr-10945	264	43	to	to	ADP
cblr-10945	264	44	the	the	DET
cblr-10945	264	45	average	average	ADJ
cblr-10945	264	46	investor.124	investor.124	NOUN
cblr-10945	264	47	certainly	certainly	ADV
cblr-10945	264	48	,	,	PUNCT
cblr-10945	264	49	the	the	DET
cblr-10945	264	50	sec	sec	PROPN
cblr-10945	264	51	invoked	invoke	VERB
cblr-10945	264	52	retail	retail	ADJ
cblr-10945	264	53	investors	investor	NOUN
cblr-10945	264	54	to	to	PART
cblr-10945	264	55	justify	justify	VERB
cblr-10945	264	56	its	its	PRON
cblr-10945	264	57	revisiting	revisiting	NOUN
cblr-10945	264	58	of	of	ADP
cblr-10945	264	59	vie	vie	PROPN
cblr-10945	264	60	disclosure.125	disclosure.125	PROPN
cblr-10945	264	61	however	however	ADV
cblr-10945	264	62	,	,	PUNCT
cblr-10945	264	63	it	it	PRON
cblr-10945	264	64	is	be	AUX
cblr-10945	264	65	something	something	PRON
cblr-10945	264	66	of	of	ADP
cblr-10945	264	67	a	a	DET
cblr-10945	264	68	paradox	paradox	NOUN
cblr-10945	264	69	that	that	SCONJ
cblr-10945	264	70	sec	sec	PROPN
cblr-10945	264	71	rules	rule	NOUN
cblr-10945	264	72	operate	operate	VERB
cblr-10945	264	73	through	through	ADP
cblr-10945	264	74	a	a	DET
cblr-10945	264	75	regime	regime	NOUN
cblr-10945	264	76	illegible	illegible	ADJ
cblr-10945	264	77	to	to	PART
cblr-10945	264	78	lay	lay	VERB
cblr-10945	264	79	investors	investor	NOUN
cblr-10945	264	80	.	.	PUNCT
cblr-10945	265	1	the	the	DET
cblr-10945	265	2	“	"	PUNCT
cblr-10945	265	3	myth	myth	NOUN
cblr-10945	265	4	of	of	ADP
cblr-10945	265	5	the	the	DET
cblr-10945	265	6	informed	informed	ADJ
cblr-10945	265	7	layman	layman	NOUN
cblr-10945	265	8	”	"	PUNCT
cblr-10945	265	9	has	have	AUX
cblr-10945	265	10	long	long	ADV
cblr-10945	265	11	been	be	AUX
cblr-10945	265	12	noted,126	noted,126	NOUN
cblr-10945	265	13	and	and	CCONJ
cblr-10945	265	14	as	as	SCONJ
cblr-10945	265	15	retail	retail	ADJ
cblr-10945	265	16	investing	investing	NOUN
cblr-10945	265	17	’s	’s	PART
cblr-10945	265	18	importance	importance	NOUN
cblr-10945	265	19	faded	fade	VERB
cblr-10945	265	20	with	with	ADP
cblr-10945	265	21	the	the	DET
cblr-10945	265	22	rise	rise	NOUN
cblr-10945	265	23	of	of	ADP
cblr-10945	265	24	institutional	institutional	ADJ
cblr-10945	265	25	investors	investor	NOUN
cblr-10945	265	26	,	,	PUNCT
cblr-10945	265	27	commentators	commentator	NOUN
cblr-10945	265	28	have	have	AUX
cblr-10945	265	29	called	call	VERB
cblr-10945	265	30	on	on	ADP
cblr-10945	265	31	the	the	DET
cblr-10945	265	32	sec	sec	PROPN
cblr-10945	265	33	to	to	PART
cblr-10945	265	34	change	change	VERB
cblr-10945	265	35	its	its	PRON
cblr-10945	265	36	rules	rule	NOUN
cblr-10945	265	37	to	to	PART
cblr-10945	265	38	reflect	reflect	VERB
cblr-10945	265	39	the	the	DET
cblr-10945	265	40	professionalization	professionalization	NOUN
cblr-10945	265	41	of	of	ADP
cblr-10945	265	42	investing	investing	NOUN
cblr-10945	265	43	—	—	PUNCT
cblr-10945	265	44	today	today	NOUN
cblr-10945	265	45	’s	’s	PART
cblr-10945	265	46	“	"	PUNCT
cblr-10945	265	47	capital	capital	NOUN
cblr-10945	265	48	marketplace	marketplace	NOUN
cblr-10945	265	49	[	[	X
cblr-10945	265	50	is	be	AUX
cblr-10945	265	51	]	]	X
cblr-10945	265	52	very	very	ADV
cblr-10945	265	53	different	different	ADJ
cblr-10945	265	54	122	122	NUM
cblr-10945	265	55	deloitte	deloitte	NOUN
cblr-10945	265	56	,	,	PUNCT
cblr-10945	265	57	supra	supra	PROPN
cblr-10945	265	58	note	note	PROPN
cblr-10945	265	59	100	100	NUM
cblr-10945	265	60	,	,	PUNCT
cblr-10945	265	61	at	at	ADP
cblr-10945	265	62	1	1	NUM
cblr-10945	265	63	,	,	PUNCT
cblr-10945	265	64	3	3	NUM
cblr-10945	265	65	.	.	SYM
cblr-10945	265	66	123	123	NUM
cblr-10945	265	67	william	william	PROPN
cblr-10945	265	68	o.	o.	PROPN
cblr-10945	265	69	douglas	douglas	PROPN
cblr-10945	265	70	,	,	PUNCT
cblr-10945	265	71	protecting	protect	VERB
cblr-10945	265	72	the	the	DET
cblr-10945	265	73	investor	investor	NOUN
cblr-10945	265	74	,	,	PUNCT
cblr-10945	265	75	23	23	NUM
cblr-10945	265	76	yale	yale	PROPN
cblr-10945	265	77	l.	l.	PROPN
cblr-10945	265	78	rev	rev	PROPN
cblr-10945	265	79	.	.	PROPN
cblr-10945	265	80	521	521	NUM
cblr-10945	265	81	,	,	PUNCT
cblr-10945	265	82	523	523	NUM
cblr-10945	265	83	-	-	SYM
cblr-10945	265	84	24	24	NUM
cblr-10945	265	85	(	(	PUNCT
cblr-10945	265	86	1934	1934	NUM
cblr-10945	265	87	)	)	PUNCT
cblr-10945	265	88	.	.	PUNCT
cblr-10945	266	1	124	124	NUM
cblr-10945	266	2	see	see	VERB
cblr-10945	266	3	,	,	PUNCT
cblr-10945	266	4	e.g.	e.g.	ADV
cblr-10945	266	5	,	,	PUNCT
cblr-10945	266	6	langevoort	langevoort	NOUN
cblr-10945	266	7	,	,	PUNCT
cblr-10945	266	8	supra	supra	PROPN
cblr-10945	266	9	note	note	NOUN
cblr-10945	266	10	121	121	NUM
cblr-10945	266	11	,	,	PUNCT
cblr-10945	266	12	at	at	ADP
cblr-10945	266	13	173	173	NUM
cblr-10945	266	14	.	.	PUNCT
cblr-10945	267	1	125	125	NUM
cblr-10945	267	2	see	see	VERB
cblr-10945	267	3	supra	supra	PROPN
cblr-10945	267	4	section	section	PROPN
cblr-10945	267	5	ii.b	ii.b	PROPN
cblr-10945	267	6	.	.	PUNCT
cblr-10945	268	1	126	126	NUM
cblr-10945	268	2	see	see	VERB
cblr-10945	268	3	,	,	PUNCT
cblr-10945	268	4	e.g.	e.g.	ADV
cblr-10945	268	5	,	,	PUNCT
cblr-10945	268	6	kripke	kripke	PROPN
cblr-10945	268	7	,	,	PUNCT
cblr-10945	268	8	supra	supra	PROPN
cblr-10945	268	9	note	note	PROPN
cblr-10945	268	10	113	113	NUM
cblr-10945	268	11	,	,	PUNCT
cblr-10945	268	12	at	at	ADP
cblr-10945	268	13	631	631	NUM
cblr-10945	268	14	.	.	PUNCT
cblr-10945	269	1	no	no	INTJ
cblr-10945	269	2	.	.	PUNCT
cblr-10945	270	1	2:1066	2:1066	NUM
cblr-10945	270	2	]	]	PUNCT
cblr-10945	270	3	the	the	DET
cblr-10945	270	4	sec	sec	PROPN
cblr-10945	270	5	’s	’s	PART
cblr-10945	270	6	vie	vie	PROPN
cblr-10945	270	7	problem	problem	NOUN
cblr-10945	270	8	1087	1087	NUM
cblr-10945	270	9	from	from	ADP
cblr-10945	270	10	that	that	PRON
cblr-10945	270	11	of	of	ADP
cblr-10945	270	12	the	the	DET
cblr-10945	270	13	1930s	1930	NOUN
cblr-10945	270	14	.	.	PUNCT
cblr-10945	271	1	”127	”127	PUNCT
cblr-10945	271	2	it	it	PRON
cblr-10945	271	3	is	be	AUX
cblr-10945	271	4	important	important	ADJ
cblr-10945	271	5	that	that	SCONJ
cblr-10945	271	6	the	the	DET
cblr-10945	271	7	sec	sec	PROPN
cblr-10945	271	8	adjusts	adjust	VERB
cblr-10945	271	9	its	its	PRON
cblr-10945	271	10	rules	rule	NOUN
cblr-10945	271	11	according	accord	VERB
cblr-10945	271	12	to	to	ADP
cblr-10945	271	13	the	the	DET
cblr-10945	271	14	environment	environment	NOUN
cblr-10945	271	15	in	in	ADP
cblr-10945	271	16	which	which	PRON
cblr-10945	271	17	it	it	PRON
cblr-10945	271	18	operates	operate	VERB
cblr-10945	271	19	.	.	PUNCT
cblr-10945	272	1	even	even	ADV
cblr-10945	272	2	though	though	SCONJ
cblr-10945	272	3	retail	retail	ADJ
cblr-10945	272	4	investing	investing	NOUN
cblr-10945	272	5	’s	’s	PART
cblr-10945	272	6	importance	importance	NOUN
cblr-10945	272	7	is	be	AUX
cblr-10945	272	8	now	now	ADV
cblr-10945	272	9	trending	trend	VERB
cblr-10945	272	10	in	in	ADP
cblr-10945	272	11	the	the	DET
cblr-10945	272	12	opposite	opposite	ADJ
cblr-10945	272	13	direction	direction	NOUN
cblr-10945	272	14	,	,	PUNCT
cblr-10945	272	15	lay	lie	VERB
cblr-10945	272	16	investors	investor	NOUN
cblr-10945	272	17	should	should	AUX
cblr-10945	272	18	not	not	PART
cblr-10945	272	19	be	be	AUX
cblr-10945	272	20	a	a	DET
cblr-10945	272	21	focus	focus	NOUN
cblr-10945	272	22	for	for	ADP
cblr-10945	272	23	the	the	DET
cblr-10945	272	24	agency.128	agency.128	NOUN
cblr-10945	272	25	any	any	DET
cblr-10945	272	26	disclosure	disclosure	NOUN
cblr-10945	272	27	rule	rule	NOUN
cblr-10945	272	28	change	change	NOUN
cblr-10945	272	29	is	be	AUX
cblr-10945	272	30	unlikely	unlikely	ADJ
cblr-10945	272	31	to	to	PART
cblr-10945	272	32	reach	reach	VERB
cblr-10945	272	33	lay	lie	VERB
cblr-10945	272	34	investors	investor	NOUN
cblr-10945	272	35	who	who	PRON
cblr-10945	272	36	are	be	AUX
cblr-10945	272	37	less	less	ADV
cblr-10945	272	38	likely	likely	ADJ
cblr-10945	272	39	to	to	PART
cblr-10945	272	40	read	read	VERB
cblr-10945	272	41	or	or	CCONJ
cblr-10945	272	42	understand	understand	VERB
cblr-10945	272	43	disclosure	disclosure	NOUN
cblr-10945	272	44	documents	document	NOUN
cblr-10945	272	45	than	than	SCONJ
cblr-10945	272	46	professional	professional	ADJ
cblr-10945	272	47	investors.129	investors.129	PROPN
cblr-10945	272	48	investors	investor	NOUN
cblr-10945	272	49	feel	feel	VERB
cblr-10945	272	50	more	more	ADV
cblr-10945	272	51	empowered	empower	VERB
cblr-10945	272	52	and	and	CCONJ
cblr-10945	272	53	in	in	ADP
cblr-10945	272	54	control	control	NOUN
cblr-10945	272	55	of	of	ADP
cblr-10945	272	56	their	their	PRON
cblr-10945	272	57	investments	investment	NOUN
cblr-10945	272	58	when	when	SCONJ
cblr-10945	272	59	they	they	PRON
cblr-10945	272	60	eschew	eschew	VERB
cblr-10945	272	61	an	an	DET
cblr-10945	272	62	intermediary,130	intermediary,130	NOUN
cblr-10945	272	63	and	and	CCONJ
cblr-10945	273	1	because	because	SCONJ
cblr-10945	273	2	these	these	DET
cblr-10945	273	3	investors	investor	NOUN
cblr-10945	273	4	gather	gather	VERB
cblr-10945	273	5	their	their	PRON
cblr-10945	273	6	investment	investment	NOUN
cblr-10945	273	7	information	information	NOUN
cblr-10945	273	8	online	online	ADV
cblr-10945	273	9	,	,	PUNCT
cblr-10945	273	10	the	the	DET
cblr-10945	273	11	overwhelming	overwhelming	ADJ
cblr-10945	273	12	amount	amount	NOUN
cblr-10945	273	13	of	of	ADP
cblr-10945	273	14	information	information	NOUN
cblr-10945	273	15	(	(	PUNCT
cblr-10945	273	16	and	and	CCONJ
cblr-10945	273	17	disinformation131	disinformation131	PROPN
cblr-10945	273	18	)	)	PUNCT
cblr-10945	273	19	available	available	ADJ
cblr-10945	273	20	online	online	ADJ
cblr-10945	273	21	bolsters	bolster	NOUN
cblr-10945	273	22	investors	investor	NOUN
cblr-10945	273	23	’	'	PUNCT
cblr-10945	273	24	illusion	illusion	NOUN
cblr-10945	273	25	of	of	ADP
cblr-10945	273	26	control.132	control.132	NOUN
cblr-10945	273	27	even	even	ADV
cblr-10945	273	28	if	if	SCONJ
cblr-10945	273	29	retail	retail	ADJ
cblr-10945	273	30	investors	investor	NOUN
cblr-10945	273	31	did	do	AUX
cblr-10945	273	32	read	read	VERB
cblr-10945	273	33	issuers	issuer	NOUN
cblr-10945	273	34	’	'	PUNCT
cblr-10945	273	35	filings	filing	NOUN
cblr-10945	273	36	,	,	PUNCT
cblr-10945	273	37	the	the	DET
cblr-10945	273	38	sec	sec	PROPN
cblr-10945	273	39	should	should	AUX
cblr-10945	273	40	still	still	ADV
cblr-10945	273	41	prioritize	prioritize	VERB
cblr-10945	273	42	institutional	institutional	ADJ
cblr-10945	273	43	investors	investor	NOUN
cblr-10945	273	44	who	who	PRON
cblr-10945	273	45	create	create	VERB
cblr-10945	273	46	the	the	DET
cblr-10945	273	47	efficient	efficient	ADJ
cblr-10945	273	48	market	market	NOUN
cblr-10945	273	49	that	that	PRON
cblr-10945	273	50	provides	provide	VERB
cblr-10945	273	51	accurate	accurate	ADJ
cblr-10945	273	52	price	price	NOUN
cblr-10945	273	53	information	information	NOUN
cblr-10945	273	54	as	as	SCONJ
cblr-10945	273	55	the	the	DET
cblr-10945	273	56	prices	price	NOUN
cblr-10945	273	57	reflects	reflect	VERB
cblr-10945	273	58	all	all	DET
cblr-10945	273	59	available	available	ADJ
cblr-10945	273	60	information	information	NOUN
cblr-10945	273	61	with	with	ADP
cblr-10945	273	62	no	no	DET
cblr-10945	273	63	127	127	NUM
cblr-10945	273	64	donald	donald	PROPN
cblr-10945	273	65	c.	c.	PROPN
cblr-10945	273	66	langevoort	langevoort	PROPN
cblr-10945	273	67	,	,	PUNCT
cblr-10945	273	68	the	the	DET
cblr-10945	273	69	sec	sec	PROPN
cblr-10945	273	70	,	,	PUNCT
cblr-10945	273	71	retail	retail	ADJ
cblr-10945	273	72	investors	investor	NOUN
cblr-10945	273	73	,	,	PUNCT
cblr-10945	273	74	and	and	CCONJ
cblr-10945	273	75	the	the	DET
cblr-10945	273	76	institutionalization	institutionalization	NOUN
cblr-10945	273	77	of	of	ADP
cblr-10945	273	78	the	the	DET
cblr-10945	273	79	securities	security	NOUN
cblr-10945	273	80	markets	market	NOUN
cblr-10945	273	81	,	,	PUNCT
cblr-10945	273	82	95	95	NUM
cblr-10945	273	83	va	va	NOUN
cblr-10945	273	84	.	.	PUNCT
cblr-10945	274	1	l.	l.	PROPN
cblr-10945	274	2	rev	rev	PROPN
cblr-10945	274	3	.	.	PROPN
cblr-10945	274	4	1025	1025	NUM
cblr-10945	274	5	,	,	PUNCT
cblr-10945	274	6	1026–27	1026–27	NUM
cblr-10945	274	7	(	(	PUNCT
cblr-10945	274	8	2009	2009	NUM
cblr-10945	274	9	)	)	PUNCT
cblr-10945	274	10	.	.	PUNCT
cblr-10945	275	1	128	128	NUM
cblr-10945	275	2	deloitte	deloitte	PROPN
cblr-10945	275	3	,	,	PUNCT
cblr-10945	275	4	supra	supra	PROPN
cblr-10945	275	5	note	note	NOUN
cblr-10945	275	6	104	104	NUM
cblr-10945	275	7	,	,	PUNCT
cblr-10945	275	8	at	at	ADP
cblr-10945	275	9	3	3	NUM
cblr-10945	275	10	.	.	NOUN
cblr-10945	275	11	129	129	NUM
cblr-10945	275	12	recommendation	recommendation	NOUN
cblr-10945	275	13	on	on	ADP
cblr-10945	275	14	disclosure	disclosure	NOUN
cblr-10945	275	15	effectiveness	effectiveness	NOUN
cblr-10945	275	16	:	:	PUNCT
cblr-10945	275	17	as	as	SCONJ
cblr-10945	275	18	approved	approve	VERB
cblr-10945	275	19	by	by	ADP
cblr-10945	275	20	investor	investor	NOUN
cblr-10945	275	21	as	as	ADP
cblr-10945	275	22	purchaser	purchaser	NOUN
cblr-10945	275	23	subcommittee	subcommittee	NOUN
cblr-10945	275	24	,	,	PUNCT
cblr-10945	275	25	sec	sec	PROPN
cblr-10945	275	26	.	.	PROPN
cblr-10945	275	27	exch	exch	PROPN
cblr-10945	275	28	.	.	PUNCT
cblr-10945	275	29	comm’n	comm’n	PROPN
cblr-10945	275	30	(	(	PUNCT
cblr-10945	275	31	apr	apr	NOUN
cblr-10945	275	32	.	.	NOUN
cblr-10945	275	33	2020	2020	NUM
cblr-10945	275	34	)	)	PUNCT
cblr-10945	275	35	,	,	PUNCT
cblr-10945	275	36	https://www.sec.gov/spotlight/investor-advisory-committee2012/disclosure-effectiveness-recommendation.pdf	https://www.sec.gov/spotlight/investor-advisory-committee2012/disclosure-effectiveness-recommendation.pdf	X
cblr-10945	275	37	[	[	X
cblr-10945	275	38	https://perma.cc/gsh7tr2n	https://perma.cc/gsh7tr2n	X
cblr-10945	275	39	]	]	X
cblr-10945	275	40	.	.	PUNCT
cblr-10945	276	1	130	130	NUM
cblr-10945	276	2	brad	brad	PROPN
cblr-10945	276	3	m.	m.	PROPN
cblr-10945	276	4	barber	barber	PROPN
cblr-10945	276	5	&	&	CCONJ
cblr-10945	276	6	terrance	terrance	PROPN
cblr-10945	276	7	odean	odean	PROPN
cblr-10945	276	8	,	,	PUNCT
cblr-10945	276	9	the	the	DET
cblr-10945	276	10	internet	internet	NOUN
cblr-10945	276	11	and	and	CCONJ
cblr-10945	276	12	the	the	DET
cblr-10945	276	13	investor	investor	NOUN
cblr-10945	276	14	,	,	PUNCT
cblr-10945	276	15	15	15	NUM
cblr-10945	276	16	j.	j.	PROPN
cblr-10945	276	17	econ	econ	PROPN
cblr-10945	276	18	.	.	PUNCT
cblr-10945	277	1	persp	persp	PROPN
cblr-10945	277	2	.	.	PUNCT
cblr-10945	278	1	41	41	NUM
cblr-10945	278	2	,	,	PUNCT
cblr-10945	278	3	42	42	NUM
cblr-10945	278	4	(	(	PUNCT
cblr-10945	278	5	2001	2001	NUM
cblr-10945	278	6	)	)	PUNCT
cblr-10945	278	7	.	.	PUNCT
cblr-10945	279	1	131	131	NUM
cblr-10945	279	2	as	as	ADV
cblr-10945	279	3	early	early	ADV
cblr-10945	279	4	as	as	ADP
cblr-10945	279	5	2000	2000	NUM
cblr-10945	279	6	,	,	PUNCT
cblr-10945	279	7	the	the	DET
cblr-10945	279	8	sec	sec	PROPN
cblr-10945	279	9	was	be	AUX
cblr-10945	279	10	pursuing	pursue	VERB
cblr-10945	279	11	enforcement	enforcement	NOUN
cblr-10945	279	12	against	against	ADP
cblr-10945	279	13	those	those	PRON
cblr-10945	279	14	who	who	PRON
cblr-10945	279	15	posted	post	VERB
cblr-10945	279	16	misleading	mislead	VERB
cblr-10945	279	17	investment	investment	NOUN
cblr-10945	279	18	advice	advice	NOUN
cblr-10945	279	19	on	on	ADP
cblr-10945	279	20	the	the	DET
cblr-10945	279	21	internet	internet	NOUN
cblr-10945	279	22	.	.	PUNCT
cblr-10945	280	1	then	then	ADV
cblr-10945	280	2	-	-	PUNCT
cblr-10945	280	3	teenager	teenager	NOUN
cblr-10945	280	4	“	"	PUNCT
cblr-10945	280	5	jonathan	jonathan	PROPN
cblr-10945	280	6	lebed	lebed	PROPN
cblr-10945	280	7	,	,	PUNCT
cblr-10945	280	8	allegedly	allegedly	ADV
cblr-10945	280	9	bought	buy	VERB
cblr-10945	280	10	stock	stock	NOUN
cblr-10945	280	11	in	in	ADP
cblr-10945	280	12	small	small	ADJ
cblr-10945	280	13	,	,	PUNCT
cblr-10945	280	14	thinly	thinly	ADV
cblr-10945	280	15	traded	trade	VERB
cblr-10945	280	16	high	high	ADJ
cblr-10945	280	17	-	-	PUNCT
cblr-10945	280	18	tech	tech	NOUN
cblr-10945	280	19	companies	company	NOUN
cblr-10945	280	20	.	.	PUNCT
cblr-10945	281	1	he	he	PRON
cblr-10945	281	2	then	then	ADV
cblr-10945	281	3	would	would	AUX
cblr-10945	281	4	make	make	VERB
cblr-10945	281	5	multiple	multiple	ADJ
cblr-10945	281	6	postings	posting	NOUN
cblr-10945	281	7	on	on	ADP
cblr-10945	281	8	various	various	ADJ
cblr-10945	281	9	investment	investment	NOUN
cblr-10945	281	10	web	web	NOUN
cblr-10945	281	11	sites	site	NOUN
cblr-10945	281	12	,	,	PUNCT
cblr-10945	281	13	under	under	ADP
cblr-10945	281	14	different	different	ADJ
cblr-10945	281	15	web	web	NOUN
cblr-10945	281	16	addresses	address	NOUN
cblr-10945	281	17	,	,	PUNCT
cblr-10945	281	18	extolling	extoll	VERB
cblr-10945	281	19	these	these	DET
cblr-10945	281	20	stocks	stock	NOUN
cblr-10945	281	21	.	.	PUNCT
cblr-10945	281	22	.	.	PUNCT
cblr-10945	281	23	.	.	PUNCT
cblr-10945	282	1	he	he	PRON
cblr-10945	282	2	would	would	AUX
cblr-10945	282	3	provide	provide	VERB
cblr-10945	282	4	some	some	DET
cblr-10945	282	5	basic	basic	ADJ
cblr-10945	282	6	,	,	PUNCT
cblr-10945	282	7	presumably	presumably	ADV
cblr-10945	282	8	accurate	accurate	ADJ
cblr-10945	282	9	information	information	NOUN
cblr-10945	282	10	about	about	ADP
cblr-10945	282	11	the	the	DET
cblr-10945	282	12	company	company	NOUN
cblr-10945	282	13	in	in	ADP
cblr-10945	282	14	question	question	NOUN
cblr-10945	282	15	.	.	PUNCT
cblr-10945	283	1	the	the	DET
cblr-10945	283	2	hype	hype	NOUN
cblr-10945	283	3	,	,	PUNCT
cblr-10945	283	4	in	in	ADP
cblr-10945	283	5	bold	bold	ADJ
cblr-10945	283	6	and	and	CCONJ
cblr-10945	283	7	billed	bill	VERB
cblr-10945	283	8	with	with	ADP
cblr-10945	283	9	exclamations	exclamation	NOUN
cblr-10945	283	10	,	,	PUNCT
cblr-10945	283	11	would	would	AUX
cblr-10945	283	12	be	be	AUX
cblr-10945	283	13	phrased	phrase	VERB
cblr-10945	283	14	in	in	ADP
cblr-10945	283	15	recommendations	recommendation	NOUN
cblr-10945	283	16	like	like	ADP
cblr-10945	283	17	‘	'	PUNCT
cblr-10945	283	18	next	next	ADJ
cblr-10945	283	19	stock	stock	NOUN
cblr-10945	283	20	to	to	PART
cblr-10945	283	21	gain	gain	VERB
cblr-10945	283	22	1000	1000	NUM
cblr-10945	283	23	%	%	NOUN
cblr-10945	283	24	,	,	PUNCT
cblr-10945	283	25	’	'	PUNCT
cblr-10945	283	26	or	or	CCONJ
cblr-10945	283	27	‘	'	PUNCT
cblr-10945	283	28	the	the	DET
cblr-10945	283	29	most	most	ADV
cblr-10945	283	30	undervalued	undervalued	ADJ
cblr-10945	283	31	stock	stock	NOUN
cblr-10945	283	32	ever	ever	ADV
cblr-10945	283	33	.	.	PUNCT
cblr-10945	283	34	’	'	PUNCT
cblr-10945	283	35	.	.	PUNCT
cblr-10945	284	1	.	.	PUNCT
cblr-10945	284	2	.	.	PUNCT
cblr-10945	285	1	lebed	lebed	PROPN
cblr-10945	285	2	,	,	PUNCT
cblr-10945	285	3	according	accord	VERB
cblr-10945	285	4	to	to	ADP
cblr-10945	285	5	the	the	DET
cblr-10945	285	6	sec	sec	PROPN
cblr-10945	285	7	,	,	PUNCT
cblr-10945	285	8	amassed	amass	VERB
cblr-10945	285	9	a	a	DET
cblr-10945	285	10	sufficient	sufficient	ADJ
cblr-10945	285	11	presence	presence	NOUN
cblr-10945	285	12	on	on	ADP
cblr-10945	285	13	the	the	DET
cblr-10945	285	14	internet	internet	NOUN
cblr-10945	285	15	such	such	ADJ
cblr-10945	285	16	that	that	SCONJ
cblr-10945	285	17	online	online	ADJ
cblr-10945	285	18	investors	investor	NOUN
cblr-10945	285	19	would	would	AUX
cblr-10945	285	20	buy	buy	VERB
cblr-10945	285	21	the	the	DET
cblr-10945	285	22	stock	stock	NOUN
cblr-10945	285	23	,	,	PUNCT
cblr-10945	285	24	causing	cause	VERB
cblr-10945	285	25	its	its	PRON
cblr-10945	285	26	price	price	NOUN
cblr-10945	285	27	to	to	PART
cblr-10945	285	28	rise	rise	VERB
cblr-10945	285	29	.	.	PUNCT
cblr-10945	286	1	lebed	lebed	PROPN
cblr-10945	286	2	would	would	AUX
cblr-10945	286	3	then	then	ADV
cblr-10945	286	4	sell	sell	VERB
cblr-10945	286	5	out	out	ADP
cblr-10945	286	6	.	.	PUNCT
cblr-10945	286	7	”	"	PUNCT
cblr-10945	287	1	see	see	VERB
cblr-10945	287	2	langevoort	langevoort	NOUN
cblr-10945	287	3	,	,	PUNCT
cblr-10945	287	4	supra	supra	PROPN
cblr-10945	287	5	note	note	NOUN
cblr-10945	287	6	121	121	NUM
cblr-10945	287	7	,	,	PUNCT
cblr-10945	287	8	at	at	ADP
cblr-10945	287	9	156	156	NUM
cblr-10945	287	10	.	.	PUNCT
cblr-10945	288	1	132	132	NUM
cblr-10945	288	2	barber	barber	PROPN
cblr-10945	288	3	&	&	CCONJ
cblr-10945	288	4	odean	odean	ADJ
cblr-10945	288	5	,	,	PUNCT
cblr-10945	288	6	supra	supra	ADJ
cblr-10945	288	7	note	note	NOUN
cblr-10945	288	8	130	130	NUM
cblr-10945	288	9	,	,	PUNCT
cblr-10945	288	10	at	at	ADP
cblr-10945	288	11	42	42	NUM
cblr-10945	288	12	,	,	PUNCT
cblr-10945	288	13	47	47	NUM
cblr-10945	288	14	.	.	PUNCT
cblr-10945	288	15	1088	1088	NUM
cblr-10945	288	16	columbia	columbia	PROPN
cblr-10945	288	17	business	business	PROPN
cblr-10945	288	18	law	law	PROPN
cblr-10945	288	19	review	review	NOUN
cblr-10945	288	20	[	[	X
cblr-10945	288	21	vol	vol	NOUN
cblr-10945	288	22	.	.	PUNCT
cblr-10945	289	1	2022	2022	NUM
cblr-10945	289	2	opportunity	opportunity	NOUN
cblr-10945	289	3	for	for	SCONJ
cblr-10945	289	4	investment	investment	NOUN
cblr-10945	289	5	gain.133	gain.133	NOUN
cblr-10945	289	6	academics	academic	NOUN
cblr-10945	289	7	theorize	theorize	VERB
cblr-10945	289	8	that	that	SCONJ
cblr-10945	289	9	securities	security	NOUN
cblr-10945	289	10	markets	market	NOUN
cblr-10945	289	11	are	be	AUX
cblr-10945	289	12	more	more	ADV
cblr-10945	289	13	efficient	efficient	ADJ
cblr-10945	289	14	,	,	PUNCT
cblr-10945	289	15	if	if	SCONJ
cblr-10945	289	16	institutional	institutional	ADJ
cblr-10945	289	17	investors	investor	NOUN
cblr-10945	289	18	are	be	AUX
cblr-10945	289	19	credited	credit	VERB
cblr-10945	289	20	with	with	ADP
cblr-10945	289	21	achieving	achieve	VERB
cblr-10945	289	22	accurate	accurate	ADJ
cblr-10945	289	23	prices	price	NOUN
cblr-10945	289	24	for	for	ADP
cblr-10945	289	25	the	the	DET
cblr-10945	289	26	market.134	market.134	PROPN
cblr-10945	289	27	the	the	DET
cblr-10945	289	28	“	"	PUNCT
cblr-10945	289	29	professionally	professionally	ADV
cblr-10945	289	30	informed	informed	ADJ
cblr-10945	289	31	trading	trading	NOUN
cblr-10945	289	32	”	"	PUNCT
cblr-10945	289	33	mechanism	mechanism	NOUN
cblr-10945	289	34	allows	allow	VERB
cblr-10945	289	35	for	for	ADP
cblr-10945	289	36	rapid	rapid	ADJ
cblr-10945	289	37	price	price	NOUN
cblr-10945	289	38	equilibration	equilibration	NOUN
cblr-10945	289	39	without	without	ADP
cblr-10945	289	40	widespread	widespread	ADJ
cblr-10945	289	41	dissemination	dissemination	NOUN
cblr-10945	289	42	of	of	ADP
cblr-10945	289	43	information.135	information.135	NOUN
cblr-10945	289	44	once	once	ADV
cblr-10945	289	45	only	only	ADV
cblr-10945	289	46	a	a	DET
cblr-10945	289	47	minority	minority	NOUN
cblr-10945	289	48	of	of	ADP
cblr-10945	289	49	knowledgeable	knowledgeable	ADJ
cblr-10945	289	50	traders	trader	NOUN
cblr-10945	289	51	have	have	VERB
cblr-10945	289	52	access	access	NOUN
cblr-10945	289	53	to	to	ADP
cblr-10945	289	54	the	the	DET
cblr-10945	289	55	information	information	NOUN
cblr-10945	289	56	,	,	PUNCT
cblr-10945	289	57	that	that	DET
cblr-10945	289	58	information	information	NOUN
cblr-10945	289	59	is	be	AUX
cblr-10945	289	60	rapidly	rapidly	ADV
cblr-10945	289	61	assimilated	assimilate	VERB
cblr-10945	289	62	into	into	ADP
cblr-10945	289	63	price	price	NOUN
cblr-10945	289	64	because	because	SCONJ
cblr-10945	289	65	these	these	DET
cblr-10945	289	66	professional	professional	ADJ
cblr-10945	289	67	investors	investor	NOUN
cblr-10945	289	68	control	control	VERB
cblr-10945	289	69	a	a	DET
cblr-10945	289	70	critical	critical	ADJ
cblr-10945	289	71	volume	volume	NOUN
cblr-10945	289	72	of	of	ADP
cblr-10945	289	73	trading	trade	VERB
cblr-10945	289	74	activity.136	activity.136	NOUN
cblr-10945	289	75	information	information	NOUN
cblr-10945	289	76	traders	trader	NOUN
cblr-10945	289	77	detect	detect	VERB
cblr-10945	289	78	discrepancies	discrepancy	NOUN
cblr-10945	289	79	between	between	ADP
cblr-10945	289	80	value	value	NOUN
cblr-10945	289	81	and	and	CCONJ
cblr-10945	289	82	price	price	NOUN
cblr-10945	289	83	and	and	CCONJ
cblr-10945	289	84	then	then	ADV
cblr-10945	289	85	trade	trade	VERB
cblr-10945	289	86	to	to	PART
cblr-10945	289	87	capture	capture	VERB
cblr-10945	289	88	the	the	DET
cblr-10945	289	89	value	value	NOUN
cblr-10945	289	90	of	of	ADP
cblr-10945	289	91	their	their	PRON
cblr-10945	289	92	informational	informational	ADJ
cblr-10945	289	93	advantage.137	advantage.137	NOUN
cblr-10945	289	94	these	these	DET
cblr-10945	289	95	professional	professional	ADJ
cblr-10945	289	96	investors	investor	NOUN
cblr-10945	289	97	provide	provide	VERB
cblr-10945	289	98	efficiency	efficiency	NOUN
cblr-10945	289	99	to	to	ADP
cblr-10945	289	100	financial	financial	ADJ
cblr-10945	289	101	markets	market	NOUN
cblr-10945	289	102	by	by	ADP
cblr-10945	289	103	searching	search	VERB
cblr-10945	289	104	for	for	ADP
cblr-10945	289	105	information	information	NOUN
cblr-10945	289	106	,	,	PUNCT
cblr-10945	289	107	verifying	verify	VERB
cblr-10945	289	108	its	its	PRON
cblr-10945	289	109	accuracy	accuracy	NOUN
cblr-10945	289	110	,	,	PUNCT
cblr-10945	289	111	and	and	CCONJ
cblr-10945	289	112	analyzing	analyze	VERB
cblr-10945	289	113	it	it	PRON
cblr-10945	289	114	—	—	PUNCT
cblr-10945	289	115	leading	lead	VERB
cblr-10945	289	116	to	to	ADP
cblr-10945	289	117	a	a	DET
cblr-10945	289	118	price	price	NOUN
cblr-10945	289	119	determination	determination	NOUN
cblr-10945	289	120	for	for	ADP
cblr-10945	289	121	the	the	DET
cblr-10945	289	122	security	security	NOUN
cblr-10945	289	123	in	in	ADP
cblr-10945	289	124	question	question	NOUN
cblr-10945	289	125	.	.	PUNCT
cblr-10945	290	1	these	these	PRON
cblr-10945	290	2	can	can	AUX
cblr-10945	290	3	be	be	AUX
cblr-10945	290	4	costly	costly	ADJ
cblr-10945	290	5	activities	activity	NOUN
cblr-10945	290	6	,	,	PUNCT
cblr-10945	290	7	and	and	CCONJ
cblr-10945	290	8	the	the	DET
cblr-10945	290	9	sec	sec	PROPN
cblr-10945	290	10	can	can	AUX
cblr-10945	290	11	lower	lower	VERB
cblr-10945	290	12	that	that	SCONJ
cblr-10945	290	13	cost	cost	NOUN
cblr-10945	290	14	by	by	ADP
cblr-10945	290	15	mandating	mandate	VERB
cblr-10945	290	16	disclosure	disclosure	NOUN
cblr-10945	290	17	,	,	PUNCT
cblr-10945	290	18	helping	help	VERB
cblr-10945	290	19	to	to	PART
cblr-10945	290	20	increase	increase	VERB
cblr-10945	290	21	market	market	NOUN
cblr-10945	290	22	efficiency	efficiency	NOUN
cblr-10945	290	23	.	.	PUNCT
cblr-10945	291	1	since	since	SCONJ
cblr-10945	291	2	information	information	NOUN
cblr-10945	291	3	traders	trader	NOUN
cblr-10945	291	4	do	do	AUX
cblr-10945	291	5	not	not	PART
cblr-10945	291	6	have	have	VERB
cblr-10945	291	7	to	to	PART
cblr-10945	291	8	engage	engage	VERB
cblr-10945	291	9	in	in	ADP
cblr-10945	291	10	high	high	ADJ
cblr-10945	291	11	-	-	PUNCT
cblr-10945	291	12	cost	cost	NOUN
cblr-10945	291	13	efforts	effort	NOUN
cblr-10945	291	14	to	to	PART
cblr-10945	291	15	uncover	uncover	VERB
cblr-10945	291	16	nonpublic	nonpublic	ADJ
cblr-10945	291	17	information	information	NOUN
cblr-10945	291	18	,	,	PUNCT
cblr-10945	291	19	disclosure	disclosure	NOUN
cblr-10945	291	20	duties	duty	NOUN
cblr-10945	291	21	lower	lower	VERB
cblr-10945	291	22	the	the	DET
cblr-10945	291	23	cost	cost	NOUN
cblr-10945	291	24	of	of	ADP
cblr-10945	291	25	obtaining	obtain	VERB
cblr-10945	291	26	firm	firm	ADJ
cblr-10945	291	27	-	-	PUNCT
cblr-10945	291	28	specific	specific	ADJ
cblr-10945	291	29	information	information	NOUN
cblr-10945	291	30	—	—	PUNCT
cblr-10945	291	31	it	it	PRON
cblr-10945	291	32	“	"	PUNCT
cblr-10945	291	33	is	be	AUX
cblr-10945	291	34	a	a	DET
cblr-10945	291	35	mere	mere	ADJ
cblr-10945	291	36	by	by	ADP
cblr-10945	291	37	-	-	PUNCT
cblr-10945	291	38	product	product	NOUN
cblr-10945	291	39	of	of	ADP
cblr-10945	291	40	managing	manage	VERB
cblr-10945	291	41	the	the	DET
cblr-10945	291	42	firm	firm	NOUN
cblr-10945	291	43	.	.	PUNCT
cblr-10945	292	1	”138	”138	PROPN
cblr-10945	292	2	retail	retail	ADJ
cblr-10945	292	3	investors	investor	NOUN
cblr-10945	292	4	,	,	PUNCT
cblr-10945	292	5	on	on	ADP
cblr-10945	292	6	the	the	DET
cblr-10945	292	7	other	other	ADJ
cblr-10945	292	8	hand	hand	NOUN
cblr-10945	292	9	,	,	PUNCT
cblr-10945	292	10	“	"	PUNCT
cblr-10945	292	11	rely	rely	VERB
cblr-10945	292	12	on	on	ADP
cblr-10945	292	13	old	old	ADJ
cblr-10945	292	14	information	information	NOUN
cblr-10945	292	15	that	that	PRON
cblr-10945	292	16	is	be	AUX
cblr-10945	292	17	already	already	ADV
cblr-10945	292	18	reflected	reflect	VERB
cblr-10945	292	19	in	in	ADP
cblr-10945	292	20	[	[	PUNCT
cblr-10945	292	21	the	the	DET
cblr-10945	292	22	security	security	NOUN
cblr-10945	292	23	’s	’s	PART
cblr-10945	292	24	]	]	PUNCT
cblr-10945	292	25	price	price	NOUN
cblr-10945	292	26	.	.	PUNCT
cblr-10945	292	27	”139	”139	PUNCT
cblr-10945	293	1	any	any	DET
cblr-10945	293	2	information	information	NOUN
cblr-10945	293	3	that	that	PRON
cblr-10945	293	4	is	be	AUX
cblr-10945	293	5	disclosed	disclose	VERB
cblr-10945	293	6	to	to	ADP
cblr-10945	293	7	these	these	DET
cblr-10945	293	8	investors	investor	NOUN
cblr-10945	293	9	“	"	PUNCT
cblr-10945	293	10	does	do	VERB
cblr-10945	293	11	them	they	PRON
cblr-10945	293	12	no	no	ADV
cblr-10945	293	13	good	good	ADJ
cblr-10945	293	14	because	because	SCONJ
cblr-10945	293	15	it	it	PRON
cblr-10945	293	16	is	be	AUX
cblr-10945	293	17	all	all	DET
cblr-10945	293	18	old	old	ADJ
cblr-10945	293	19	hat	hat	NOUN
cblr-10945	293	20	to	to	ADP
cblr-10945	293	21	professional	professional	ADJ
cblr-10945	293	22	traders	trader	NOUN
cblr-10945	293	23	.	.	PUNCT
cblr-10945	294	1	”140	”140	ADJ
cblr-10945	294	2	retail	retail	ADJ
cblr-10945	294	3	investors	investor	NOUN
cblr-10945	294	4	do	do	AUX
cblr-10945	294	5	not	not	PART
cblr-10945	294	6	have	have	VERB
cblr-10945	294	7	the	the	DET
cblr-10945	294	8	resources	resource	NOUN
cblr-10945	294	9	or	or	CCONJ
cblr-10945	294	10	133	133	NUM
cblr-10945	294	11	ronald	ronald	PROPN
cblr-10945	294	12	j.	j.	PROPN
cblr-10945	294	13	gilson	gilson	PROPN
cblr-10945	294	14	&	&	CCONJ
cblr-10945	294	15	reinier	reinier	PROPN
cblr-10945	294	16	h.	h.	PROPN
cblr-10945	294	17	kraakman	kraakman	PROPN
cblr-10945	294	18	,	,	PUNCT
cblr-10945	294	19	the	the	DET
cblr-10945	294	20	mechanisms	mechanism	NOUN
cblr-10945	294	21	of	of	ADP
cblr-10945	294	22	market	market	NOUN
cblr-10945	294	23	efficiency	efficiency	NOUN
cblr-10945	294	24	,	,	PUNCT
cblr-10945	294	25	70	70	NUM
cblr-10945	294	26	va	va	NOUN
cblr-10945	294	27	.	.	PUNCT
cblr-10945	295	1	l.	l.	PROPN
cblr-10945	295	2	rev	rev	PROPN
cblr-10945	295	3	.	.	PROPN
cblr-10945	295	4	549	549	NUM
cblr-10945	295	5	,	,	PUNCT
cblr-10945	295	6	554–65	554–65	NUM
cblr-10945	295	7	(	(	PUNCT
cblr-10945	295	8	1984	1984	NUM
cblr-10945	295	9	)	)	PUNCT
cblr-10945	295	10	.	.	PUNCT
cblr-10945	296	1	134	134	NUM
cblr-10945	296	2	see	see	VERB
cblr-10945	296	3	,	,	PUNCT
cblr-10945	296	4	e.g.	e.g.	ADV
cblr-10945	296	5	,	,	PUNCT
cblr-10945	296	6	i	i	PRON
cblr-10945	296	7	d.	d.	VERB
cblr-10945	296	8	at	at	ADP
cblr-10945	296	9	569–72	569–72	NUM
cblr-10945	296	10	;	;	PUNCT
cblr-10945	296	11	frank	frank	PROPN
cblr-10945	296	12	h.	h.	PROPN
cblr-10945	296	13	easterbrook	easterbrook	PROPN
cblr-10945	296	14	&	&	CCONJ
cblr-10945	296	15	daniel	daniel	PROPN
cblr-10945	296	16	r.	r.	PROPN
cblr-10945	296	17	fischel	fischel	PROPN
cblr-10945	296	18	,	,	PUNCT
cblr-10945	296	19	mandatory	mandatory	ADJ
cblr-10945	296	20	disclosure	disclosure	NOUN
cblr-10945	296	21	and	and	CCONJ
cblr-10945	296	22	the	the	DET
cblr-10945	296	23	protection	protection	NOUN
cblr-10945	296	24	of	of	ADP
cblr-10945	296	25	investors	investor	NOUN
cblr-10945	296	26	,	,	PUNCT
cblr-10945	296	27	70	70	NUM
cblr-10945	296	28	va	va	NOUN
cblr-10945	296	29	.	.	PUNCT
cblr-10945	297	1	l.	l.	PROPN
cblr-10945	297	2	rev	rev	PROPN
cblr-10945	297	3	.	.	PROPN
cblr-10945	297	4	669	669	NUM
cblr-10945	297	5	,	,	PUNCT
cblr-10945	297	6	694	694	NUM
cblr-10945	297	7	(	(	PUNCT
cblr-10945	297	8	1984	1984	NUM
cblr-10945	297	9	)	)	PUNCT
cblr-10945	297	10	;	;	PUNCT
cblr-10945	297	11	goshen	goshen	PROPN
cblr-10945	297	12	&	&	CCONJ
cblr-10945	297	13	parchomovsky	parchomovsky	PROPN
cblr-10945	297	14	,	,	PUNCT
cblr-10945	297	15	supra	supra	PROPN
cblr-10945	297	16	note	note	NOUN
cblr-10945	297	17	1	1	NUM
cblr-10945	297	18	,	,	PUNCT
cblr-10945	297	19	at	at	ADP
cblr-10945	297	20	720–32	720–32	NOUN
cblr-10945	297	21	(	(	PUNCT
cblr-10945	297	22	2006	2006	NUM
cblr-10945	297	23	)	)	PUNCT
cblr-10945	297	24	.	.	PUNCT
cblr-10945	298	1	135	135	NUM
cblr-10945	298	2	gilson	gilson	PROPN
cblr-10945	298	3	&	&	CCONJ
cblr-10945	298	4	kraakman	kraakman	PROPN
cblr-10945	298	5	,	,	PUNCT
cblr-10945	298	6	supra	supra	PROPN
cblr-10945	298	7	note	note	PROPN
cblr-10945	298	8	133	133	NUM
cblr-10945	298	9	,	,	PUNCT
cblr-10945	298	10	at	at	ADP
cblr-10945	298	11	569	569	NUM
cblr-10945	298	12	.	.	PUNCT
cblr-10945	298	13	136	136	NUM
cblr-10945	299	1	i	i	PRON
cblr-10945	299	2	d.	d.	NOUN
cblr-10945	299	3	at	at	ADP
cblr-10945	299	4	569–71	569–71	PROPN
cblr-10945	299	5	.	.	PUNCT
cblr-10945	300	1	137	137	NUM
cblr-10945	300	2	goshen	goshen	PROPN
cblr-10945	300	3	&	&	CCONJ
cblr-10945	300	4	parchomovsky	parchomovsky	PROPN
cblr-10945	300	5	,	,	PUNCT
cblr-10945	300	6	supra	supra	PROPN
cblr-10945	300	7	note	note	NOUN
cblr-10945	300	8	1	1	NUM
cblr-10945	300	9	,	,	PUNCT
cblr-10945	300	10	at	at	ADP
cblr-10945	300	11	726	726	NUM
cblr-10945	300	12	.	.	PUNCT
cblr-10945	300	13	138	138	NUM
cblr-10945	300	14	i	i	PRON
cblr-10945	300	15	d.	d.	PROPN
cblr-10945	300	16	at	at	ADP
cblr-10945	300	17	738	738	NUM
cblr-10945	300	18	.	.	PUNCT
cblr-10945	300	19	139	139	NUM
cblr-10945	301	1	i	i	PRON
cblr-10945	301	2	d.	d.	NOUN
cblr-10945	301	3	at	at	ADP
cblr-10945	301	4	725	725	NUM
cblr-10945	301	5	.	.	PUNCT
cblr-10945	301	6	140	140	NUM
cblr-10945	301	7	easterbrook	easterbrook	PROPN
cblr-10945	301	8	&	&	CCONJ
cblr-10945	301	9	fischel	fischel	PROPN
cblr-10945	301	10	,	,	PUNCT
cblr-10945	301	11	supra	supra	PROPN
cblr-10945	301	12	note	note	NOUN
cblr-10945	301	13	134	134	NUM
cblr-10945	301	14	,	,	PUNCT
cblr-10945	301	15	at	at	ADP
cblr-10945	301	16	694	694	NUM
cblr-10945	301	17	.	.	PUNCT
cblr-10945	302	1	no	no	INTJ
cblr-10945	302	2	.	.	PUNCT
cblr-10945	303	1	2:1066	2:1066	NUM
cblr-10945	303	2	]	]	PUNCT
cblr-10945	303	3	the	the	DET
cblr-10945	303	4	sec	sec	PROPN
cblr-10945	303	5	’s	’s	PART
cblr-10945	303	6	vie	vie	PROPN
cblr-10945	303	7	problem	problem	NOUN
cblr-10945	303	8	1089	1089	NUM
cblr-10945	303	9	expertise	expertise	NOUN
cblr-10945	303	10	to	to	PART
cblr-10945	303	11	underwrite	underwrite	VERB
cblr-10945	303	12	efficient	efficient	ADJ
cblr-10945	303	13	markets.141	markets.141	NOUN
cblr-10945	303	14	nor	nor	CCONJ
cblr-10945	303	15	are	be	AUX
cblr-10945	303	16	they	they	PRON
cblr-10945	303	17	at	at	ADP
cblr-10945	303	18	risk	risk	NOUN
cblr-10945	303	19	of	of	ADP
cblr-10945	303	20	being	be	AUX
cblr-10945	303	21	swindled	swindle	VERB
cblr-10945	303	22	by	by	ADP
cblr-10945	303	23	issuers	issuer	NOUN
cblr-10945	303	24	—	—	PUNCT
cblr-10945	303	25	professional	professional	ADJ
cblr-10945	303	26	investors	investor	NOUN
cblr-10945	303	27	have	have	AUX
cblr-10945	303	28	incorporated	incorporate	VERB
cblr-10945	303	29	all	all	DET
cblr-10945	303	30	the	the	DET
cblr-10945	303	31	information	information	NOUN
cblr-10945	303	32	to	to	PART
cblr-10945	303	33	reflect	reflect	VERB
cblr-10945	303	34	an	an	DET
cblr-10945	303	35	accurate	accurate	ADJ
cblr-10945	303	36	price.142	price.142	NOUN
cblr-10945	303	37	in	in	ADP
cblr-10945	303	38	other	other	ADJ
cblr-10945	303	39	words	word	NOUN
cblr-10945	303	40	,	,	PUNCT
cblr-10945	303	41	even	even	ADV
cblr-10945	303	42	if	if	SCONJ
cblr-10945	303	43	a	a	DET
cblr-10945	303	44	retail	retail	ADJ
cblr-10945	303	45	investor	investor	NOUN
cblr-10945	303	46	valued	value	VERB
cblr-10945	303	47	a	a	DET
cblr-10945	303	48	security	security	NOUN
cblr-10945	303	49	for	for	ADP
cblr-10945	303	50	much	much	ADV
cblr-10945	303	51	more	more	ADJ
cblr-10945	303	52	than	than	ADP
cblr-10945	303	53	its	its	PRON
cblr-10945	303	54	true	true	ADJ
cblr-10945	303	55	worth	worth	NOUN
cblr-10945	303	56	,	,	PUNCT
cblr-10945	303	57	such	such	DET
cblr-10945	303	58	an	an	DET
cblr-10945	303	59	investor	investor	NOUN
cblr-10945	303	60	can	can	AUX
cblr-10945	303	61	only	only	ADV
cblr-10945	303	62	buy	buy	VERB
cblr-10945	303	63	at	at	ADP
cblr-10945	303	64	the	the	DET
cblr-10945	303	65	prevailing	prevail	VERB
cblr-10945	303	66	market	market	NOUN
cblr-10945	303	67	(	(	PUNCT
cblr-10945	303	68	i.e.	i.e.	X
cblr-10945	303	69	,	,	PUNCT
cblr-10945	303	70	accurate	accurate	ADJ
cblr-10945	303	71	,	,	PUNCT
cblr-10945	303	72	assuming	assume	VERB
cblr-10945	303	73	efficient	efficient	ADJ
cblr-10945	303	74	markets	market	NOUN
cblr-10945	303	75	)	)	PUNCT
cblr-10945	303	76	price	price	NOUN
cblr-10945	303	77	.	.	PUNCT
cblr-10945	304	1	while	while	SCONJ
cblr-10945	304	2	the	the	DET
cblr-10945	304	3	sec	sec	PROPN
cblr-10945	304	4	is	be	AUX
cblr-10945	304	5	right	right	ADJ
cblr-10945	304	6	to	to	PART
cblr-10945	304	7	create	create	VERB
cblr-10945	304	8	a	a	DET
cblr-10945	304	9	disclosure	disclosure	NOUN
cblr-10945	304	10	regime	regime	NOUN
cblr-10945	304	11	for	for	SCONJ
cblr-10945	304	12	issuers	issuer	NOUN
cblr-10945	304	13	to	to	PART
cblr-10945	304	14	follow	follow	VERB
cblr-10945	304	15	,	,	PUNCT
cblr-10945	304	16	it	it	PRON
cblr-10945	304	17	should	should	AUX
cblr-10945	304	18	not	not	PART
cblr-10945	304	19	be	be	AUX
cblr-10945	304	20	(	(	PUNCT
cblr-10945	304	21	and	and	CCONJ
cblr-10945	304	22	is	be	AUX
cblr-10945	304	23	not	not	PART
cblr-10945	304	24	)	)	PUNCT
cblr-10945	304	25	doing	do	VERB
cblr-10945	304	26	so	so	ADV
cblr-10945	304	27	with	with	ADP
cblr-10945	304	28	retail	retail	ADJ
cblr-10945	304	29	investors	investor	NOUN
cblr-10945	304	30	in	in	ADP
cblr-10945	304	31	mind	mind	NOUN
cblr-10945	304	32	.	.	PUNCT
cblr-10945	305	1	retail	retail	ADJ
cblr-10945	305	2	investors	investor	NOUN
cblr-10945	305	3	are	be	AUX
cblr-10945	305	4	not	not	PART
cblr-10945	305	5	able	able	ADJ
cblr-10945	305	6	to	to	PART
cblr-10945	305	7	read	read	VERB
cblr-10945	305	8	and	and	CCONJ
cblr-10945	305	9	understand	understand	VERB
cblr-10945	305	10	complex	complex	ADJ
cblr-10945	305	11	disclosure	disclosure	NOUN
cblr-10945	305	12	documents	document	NOUN
cblr-10945	305	13	,	,	PUNCT
cblr-10945	305	14	and	and	CCONJ
cblr-10945	305	15	as	as	SCONJ
cblr-10945	305	16	such	such	ADJ
cblr-10945	305	17	are	be	AUX
cblr-10945	305	18	incapable	incapable	ADJ
cblr-10945	305	19	of	of	ADP
cblr-10945	305	20	creating	create	VERB
cblr-10945	305	21	a	a	DET
cblr-10945	305	22	more	more	ADV
cblr-10945	305	23	efficient	efficient	ADJ
cblr-10945	305	24	market	market	NOUN
cblr-10945	305	25	for	for	ADP
cblr-10945	305	26	securities	security	NOUN
cblr-10945	305	27	.	.	PUNCT
cblr-10945	306	1	institutional	institutional	ADJ
cblr-10945	306	2	investors	investor	NOUN
cblr-10945	306	3	,	,	PUNCT
cblr-10945	306	4	however	however	ADV
cblr-10945	306	5	,	,	PUNCT
cblr-10945	306	6	can	can	AUX
cblr-10945	306	7	rapidly	rapidly	ADV
cblr-10945	306	8	incorporate	incorporate	VERB
cblr-10945	306	9	any	any	DET
cblr-10945	306	10	new	new	ADJ
cblr-10945	306	11	information	information	NOUN
cblr-10945	306	12	into	into	ADP
cblr-10945	306	13	the	the	DET
cblr-10945	306	14	price	price	NOUN
cblr-10945	306	15	of	of	ADP
cblr-10945	306	16	a	a	DET
cblr-10945	306	17	security	security	NOUN
cblr-10945	306	18	—	—	PUNCT
cblr-10945	306	19	it	it	PRON
cblr-10945	306	20	is	be	AUX
cblr-10945	306	21	for	for	ADP
cblr-10945	306	22	them	they	PRON
cblr-10945	306	23	that	that	SCONJ
cblr-10945	306	24	issuers	issuer	NOUN
cblr-10945	306	25	should	should	AUX
cblr-10945	306	26	be	be	AUX
cblr-10945	306	27	required	require	VERB
cblr-10945	306	28	to	to	PART
cblr-10945	306	29	craft	craft	VERB
cblr-10945	306	30	their	their	PRON
cblr-10945	306	31	disclosure	disclosure	NOUN
cblr-10945	306	32	documents	document	NOUN
cblr-10945	306	33	.	.	PUNCT
cblr-10945	307	1	c.	c.	PROPN
cblr-10945	307	2	particular	particular	ADJ
cblr-10945	307	3	issues	issue	NOUN
cblr-10945	307	4	with	with	ADP
cblr-10945	307	5	vie	vie	PROPN
cblr-10945	307	6	disclosure	disclosure	VERB
cblr-10945	307	7	the	the	DET
cblr-10945	307	8	paradox	paradox	NOUN
cblr-10945	307	9	of	of	ADP
cblr-10945	307	10	the	the	DET
cblr-10945	307	11	sec	sec	PROPN
cblr-10945	307	12	’s	’s	PART
cblr-10945	307	13	current	current	ADJ
cblr-10945	307	14	disclosure	disclosure	NOUN
cblr-10945	307	15	regime	regime	NOUN
cblr-10945	307	16	is	be	AUX
cblr-10945	307	17	magnified	magnify	VERB
cblr-10945	307	18	as	as	ADP
cblr-10945	307	19	the	the	DET
cblr-10945	307	20	sec	sec	PROPN
cblr-10945	307	21	finalizes	finalize	NOUN
cblr-10945	307	22	its	its	PRON
cblr-10945	307	23	updated	update	VERB
cblr-10945	307	24	guidance	guidance	NOUN
cblr-10945	307	25	for	for	ADP
cblr-10945	307	26	china	china	PROPN
cblr-10945	307	27	-	-	PUNCT
cblr-10945	307	28	based	base	VERB
cblr-10945	307	29	issuers	issuer	NOUN
cblr-10945	307	30	.	.	PUNCT
cblr-10945	308	1	as	as	SCONJ
cblr-10945	308	2	the	the	DET
cblr-10945	308	3	sec	sec	PROPN
cblr-10945	308	4	acknowledges	acknowledge	VERB
cblr-10945	308	5	,	,	PUNCT
cblr-10945	308	6	few	few	ADJ
cblr-10945	308	7	investors	investor	NOUN
cblr-10945	308	8	are	be	AUX
cblr-10945	308	9	aware	aware	ADJ
cblr-10945	308	10	that	that	SCONJ
cblr-10945	308	11	the	the	DET
cblr-10945	308	12	chinese	chinese	ADJ
cblr-10945	308	13	companies	company	NOUN
cblr-10945	308	14	they	they	PRON
cblr-10945	308	15	invest	invest	VERB
cblr-10945	308	16	in	in	ADP
cblr-10945	308	17	are	be	AUX
cblr-10945	308	18	shell	shell	ADJ
cblr-10945	308	19	companies	company	NOUN
cblr-10945	308	20	in	in	ADP
cblr-10945	308	21	the	the	DET
cblr-10945	308	22	cayman	cayman	PROPN
cblr-10945	308	23	islands	island	NOUN
cblr-10945	308	24	with	with	ADP
cblr-10945	308	25	no	no	DET
cblr-10945	308	26	equity	equity	NOUN
cblr-10945	308	27	ownership	ownership	NOUN
cblr-10945	308	28	of	of	ADP
cblr-10945	308	29	the	the	DET
cblr-10945	308	30	listed	list	VERB
cblr-10945	308	31	company.143	company.143	NOUN
cblr-10945	308	32	even	even	ADV
cblr-10945	308	33	when	when	SCONJ
cblr-10945	308	34	informed	inform	VERB
cblr-10945	308	35	of	of	ADP
cblr-10945	308	36	the	the	DET
cblr-10945	308	37	situation	situation	NOUN
cblr-10945	308	38	,	,	PUNCT
cblr-10945	308	39	though	though	ADV
cblr-10945	308	40	,	,	PUNCT
cblr-10945	308	41	retail	retail	ADJ
cblr-10945	308	42	investors	investor	NOUN
cblr-10945	308	43	are	be	AUX
cblr-10945	308	44	unlikely	unlikely	ADJ
cblr-10945	308	45	to	to	PART
cblr-10945	308	46	fully	fully	ADV
cblr-10945	308	47	apprise	apprise	VERB
cblr-10945	308	48	themselves	themselves	PRON
cblr-10945	308	49	of	of	ADP
cblr-10945	308	50	the	the	DET
cblr-10945	308	51	various	various	ADJ
cblr-10945	308	52	risks	risk	NOUN
cblr-10945	308	53	involved	involve	VERB
cblr-10945	308	54	given	give	VERB
cblr-10945	308	55	the	the	DET
cblr-10945	308	56	structure	structure	NOUN
cblr-10945	308	57	’s	’s	PART
cblr-10945	308	58	complexity	complexity	NOUN
cblr-10945	308	59	and	and	CCONJ
cblr-10945	308	60	unique	unique	ADJ
cblr-10945	308	61	legal	legal	ADJ
cblr-10945	308	62	status.144	status.144	PROPN
cblr-10945	308	63	additionally	additionally	ADV
cblr-10945	308	64	,	,	PUNCT
cblr-10945	308	65	these	these	DET
cblr-10945	308	66	companies	company	NOUN
cblr-10945	308	67	already	already	ADV
cblr-10945	308	68	often	often	ADV
cblr-10945	308	69	describe	describe	VERB
cblr-10945	308	70	in	in	ADP
cblr-10945	308	71	detail	detail	NOUN
cblr-10945	308	72	the	the	DET
cblr-10945	308	73	specifics	specific	NOUN
cblr-10945	308	74	of	of	ADP
cblr-10945	308	75	their	their	PRON
cblr-10945	308	76	ownership	ownership	NOUN
cblr-10945	308	77	and	and	CCONJ
cblr-10945	308	78	control	control	NOUN
cblr-10945	308	79	along	along	ADP
cblr-10945	308	80	with	with	ADP
cblr-10945	308	81	the	the	DET
cblr-10945	308	82	wide	wide	ADJ
cblr-10945	308	83	variety	variety	NOUN
cblr-10945	308	84	of	of	ADP
cblr-10945	308	85	risks	risk	NOUN
cblr-10945	308	86	associated	associate	VERB
cblr-10945	308	87	with	with	ADP
cblr-10945	308	88	the	the	DET
cblr-10945	308	89	vie	vie	PROPN
cblr-10945	308	90	structure.145	structure.145	PROPN
cblr-10945	308	91	updated	update	VERB
cblr-10945	308	92	guidance	guidance	NOUN
cblr-10945	308	93	to	to	ADP
cblr-10945	308	94	141	141	NUM
cblr-10945	308	95	charles	charle	NOUN
cblr-10945	308	96	korsmo	korsmo	PROPN
cblr-10945	308	97	,	,	PUNCT
cblr-10945	308	98	the	the	DET
cblr-10945	308	99	audience	audience	NOUN
cblr-10945	308	100	for	for	ADP
cblr-10945	308	101	corporate	corporate	ADJ
cblr-10945	308	102	disclosure	disclosure	NOUN
cblr-10945	308	103	,	,	PUNCT
cblr-10945	308	104	102	102	NUM
cblr-10945	308	105	iowa	iowa	PROPN
cblr-10945	308	106	l.	l.	PROPN
cblr-10945	308	107	rev	rev	PROPN
cblr-10945	308	108	.	.	PROPN
cblr-10945	308	109	1581	1581	NUM
cblr-10945	308	110	,	,	PUNCT
cblr-10945	308	111	1604	1604	NUM
cblr-10945	308	112	(	(	PUNCT
cblr-10945	308	113	2017	2017	NUM
cblr-10945	308	114	)	)	PUNCT
cblr-10945	308	115	(	(	PUNCT
cblr-10945	308	116	“	"	PUNCT
cblr-10945	308	117	ordinary	ordinary	ADJ
cblr-10945	308	118	retail	retail	ADJ
cblr-10945	308	119	investors	investor	NOUN
cblr-10945	308	120	will	will	AUX
cblr-10945	308	121	almost	almost	ADV
cblr-10945	308	122	never	never	ADV
cblr-10945	308	123	possess	possess	VERB
cblr-10945	308	124	speed	speed	NOUN
cblr-10945	308	125	or	or	CCONJ
cblr-10945	308	126	analytical	analytical	ADJ
cblr-10945	308	127	advantages	advantage	NOUN
cblr-10945	308	128	over	over	ADP
cblr-10945	308	129	sophisticated	sophisticated	ADJ
cblr-10945	308	130	information	information	NOUN
cblr-10945	308	131	investors	investor	NOUN
cblr-10945	308	132	.	.	PUNCT
cblr-10945	308	133	”	"	PUNCT
cblr-10945	308	134	)	)	PUNCT
cblr-10945	308	135	.	.	PUNCT
cblr-10945	309	1	142	142	NUM
cblr-10945	309	2	easterbrook	easterbrook	NOUN
cblr-10945	309	3	and	and	CCONJ
cblr-10945	309	4	fischel	fischel	PROPN
cblr-10945	309	5	,	,	PUNCT
cblr-10945	309	6	supra	supra	PROPN
cblr-10945	309	7	note	note	NOUN
cblr-10945	309	8	134	134	NUM
cblr-10945	309	9	,	,	PUNCT
cblr-10945	309	10	at	at	ADP
cblr-10945	309	11	694	694	NUM
cblr-10945	309	12	.	.	PUNCT
cblr-10945	309	13	143	143	NUM
cblr-10945	309	14	gensler	gensler	NOUN
cblr-10945	309	15	,	,	PUNCT
cblr-10945	309	16	supra	supra	PROPN
cblr-10945	309	17	note	note	NOUN
cblr-10945	309	18	2	2	NUM
cblr-10945	309	19	.	.	X
cblr-10945	309	20	144	144	NUM
cblr-10945	309	21	see	see	VERB
cblr-10945	309	22	generally	generally	ADV
cblr-10945	309	23	office	office	NOUN
cblr-10945	309	24	of	of	ADP
cblr-10945	309	25	investor	investor	NOUN
cblr-10945	309	26	education	education	NOUN
cblr-10945	309	27	&	&	CCONJ
cblr-10945	309	28	advocacy	advocacy	PROPN
cblr-10945	309	29	,	,	PUNCT
cblr-10945	309	30	supra	supra	PROPN
cblr-10945	309	31	note	note	NOUN
cblr-10945	310	1	109	109	NUM
cblr-10945	310	2	.	.	NUM
cblr-10945	310	3	145	145	NUM
cblr-10945	310	4	ripken	ripken	PROPN
cblr-10945	310	5	,	,	PUNCT
cblr-10945	310	6	supra	supra	PROPN
cblr-10945	310	7	note	note	PROPN
cblr-10945	310	8	19	19	NUM
cblr-10945	310	9	,	,	PUNCT
cblr-10945	310	10	at	at	ADP
cblr-10945	310	11	186–87	186–87	NUM
cblr-10945	310	12	.	.	PUNCT
cblr-10945	310	13	1090	1090	NUM
cblr-10945	310	14	columbia	columbia	PROPN
cblr-10945	310	15	business	business	NOUN
cblr-10945	310	16	law	law	PROPN
cblr-10945	310	17	review	review	NOUN
cblr-10945	310	18	[	[	X
cblr-10945	310	19	vol	vol	NOUN
cblr-10945	310	20	.	.	PUNCT
cblr-10945	310	21	2022	2022	NUM
cblr-10945	310	22	ensure	ensure	VERB
cblr-10945	310	23	clarity	clarity	NOUN
cblr-10945	310	24	when	when	SCONJ
cblr-10945	310	25	issuers	issuer	NOUN
cblr-10945	310	26	inform	inform	VERB
cblr-10945	310	27	investors	investor	NOUN
cblr-10945	310	28	that	that	SCONJ
cblr-10945	310	29	they	they	PRON
cblr-10945	310	30	will	will	AUX
cblr-10945	310	31	own	own	VERB
cblr-10945	310	32	no	no	DET
cblr-10945	310	33	equity	equity	NOUN
cblr-10945	310	34	stake	stake	NOUN
cblr-10945	310	35	in	in	ADP
cblr-10945	310	36	the	the	DET
cblr-10945	310	37	underlying	underlie	VERB
cblr-10945	310	38	company	company	NOUN
cblr-10945	310	39	is	be	AUX
cblr-10945	310	40	certainly	certainly	ADV
cblr-10945	310	41	laudable.146	laudable.146	VERB
cblr-10945	310	42	however	however	ADV
cblr-10945	310	43	,	,	PUNCT
cblr-10945	310	44	this	this	DET
cblr-10945	310	45	approach	approach	NOUN
cblr-10945	310	46	fails	fail	VERB
cblr-10945	310	47	to	to	PART
cblr-10945	310	48	advance	advance	VERB
cblr-10945	310	49	the	the	DET
cblr-10945	310	50	sec	sec	PROPN
cblr-10945	310	51	’s	’s	PART
cblr-10945	310	52	stated	state	VERB
cblr-10945	310	53	goal	goal	NOUN
cblr-10945	310	54	because	because	SCONJ
cblr-10945	310	55	it	it	PRON
cblr-10945	310	56	ignores	ignore	VERB
cblr-10945	310	57	the	the	DET
cblr-10945	310	58	fact	fact	NOUN
cblr-10945	310	59	that	that	SCONJ
cblr-10945	310	60	these	these	DET
cblr-10945	310	61	disclosure	disclosure	NOUN
cblr-10945	310	62	statements	statement	NOUN
cblr-10945	310	63	are	be	AUX
cblr-10945	310	64	not	not	PART
cblr-10945	310	65	read	read	VERB
cblr-10945	310	66	by	by	ADP
cblr-10945	310	67	much	much	ADJ
cblr-10945	310	68	of	of	ADP
cblr-10945	310	69	the	the	DET
cblr-10945	310	70	retail	retail	ADJ
cblr-10945	310	71	investing	invest	VERB
cblr-10945	310	72	public.147	public.147	PROPN
cblr-10945	310	73	the	the	DET
cblr-10945	310	74	sec	sec	PROPN
cblr-10945	310	75	is	be	AUX
cblr-10945	310	76	right	right	ADJ
cblr-10945	310	77	to	to	PART
cblr-10945	310	78	address	address	VERB
cblr-10945	310	79	vie	vie	PROPN
cblr-10945	310	80	disclosure	disclosure	NOUN
cblr-10945	310	81	.	.	PUNCT
cblr-10945	311	1	it	it	PRON
cblr-10945	311	2	is	be	AUX
cblr-10945	311	3	arguably	arguably	ADV
cblr-10945	311	4	misleading	misleading	ADJ
cblr-10945	311	5	for	for	ADP
cblr-10945	311	6	an	an	DET
cblr-10945	311	7	issuer	issuer	NOUN
cblr-10945	311	8	to	to	PART
cblr-10945	311	9	name	name	VERB
cblr-10945	311	10	itself	itself	PRON
cblr-10945	311	11	after	after	ADP
cblr-10945	311	12	an	an	DET
cblr-10945	311	13	operating	operate	VERB
cblr-10945	311	14	company	company	NOUN
cblr-10945	311	15	in	in	ADP
cblr-10945	311	16	which	which	PRON
cblr-10945	311	17	it	it	PRON
cblr-10945	311	18	has	have	VERB
cblr-10945	311	19	no	no	DET
cblr-10945	311	20	equity	equity	NOUN
cblr-10945	311	21	stake	stake	NOUN
cblr-10945	311	22	,	,	PUNCT
cblr-10945	311	23	only	only	ADV
cblr-10945	311	24	control	control	NOUN
cblr-10945	311	25	contracts	contract	NOUN
cblr-10945	311	26	.	.	PUNCT
cblr-10945	312	1	further	far	ADV
cblr-10945	312	2	,	,	PUNCT
cblr-10945	312	3	the	the	DET
cblr-10945	312	4	hfca	hfca	ADJ
cblr-10945	312	5	act	act	NOUN
cblr-10945	312	6	creates	create	VERB
cblr-10945	312	7	delisting	delist	VERB
cblr-10945	312	8	risk	risk	NOUN
cblr-10945	312	9	for	for	ADP
cblr-10945	312	10	chinese	chinese	ADJ
cblr-10945	312	11	companies	company	NOUN
cblr-10945	312	12	if	if	SCONJ
cblr-10945	312	13	china	china	PROPN
cblr-10945	312	14	continues	continue	VERB
cblr-10945	312	15	to	to	PART
cblr-10945	312	16	refuse	refuse	VERB
cblr-10945	312	17	to	to	PART
cblr-10945	312	18	allow	allow	VERB
cblr-10945	312	19	the	the	DET
cblr-10945	312	20	pcaob	pcaob	NOUN
cblr-10945	312	21	to	to	PART
cblr-10945	312	22	oversee	oversee	VERB
cblr-10945	312	23	the	the	DET
cblr-10945	312	24	audits	audits	NOUN
cblr-10945	312	25	of	of	ADP
cblr-10945	312	26	chinese	chinese	ADJ
cblr-10945	312	27	companies.148	companies.148	PROPN
cblr-10945	312	28	with	with	ADP
cblr-10945	312	29	the	the	DET
cblr-10945	312	30	vie	vie	PROPN
cblr-10945	312	31	structure	structure	NOUN
cblr-10945	312	32	’s	’s	PART
cblr-10945	312	33	dubious	dubious	ADJ
cblr-10945	312	34	legal	legal	ADJ
cblr-10945	312	35	status	status	NOUN
cblr-10945	312	36	in	in	ADP
cblr-10945	312	37	the	the	DET
cblr-10945	312	38	operating	operate	VERB
cblr-10945	312	39	company	company	NOUN
cblr-10945	312	40	’s	’s	PART
cblr-10945	312	41	home	home	NOUN
cblr-10945	312	42	country	country	NOUN
cblr-10945	312	43	and	and	CCONJ
cblr-10945	312	44	the	the	DET
cblr-10945	312	45	resulting	result	VERB
cblr-10945	312	46	contractual	contractual	ADJ
cblr-10945	312	47	fragility	fragility	NOUN
cblr-10945	312	48	,	,	PUNCT
cblr-10945	312	49	there	there	PRON
cblr-10945	312	50	is	be	VERB
cblr-10945	312	51	a	a	DET
cblr-10945	312	52	raft	raft	NOUN
cblr-10945	312	53	of	of	ADP
cblr-10945	312	54	information	information	NOUN
cblr-10945	312	55	in	in	ADP
cblr-10945	312	56	need	need	NOUN
cblr-10945	312	57	of	of	ADP
cblr-10945	312	58	disclosure.149	disclosure.149	NOUN
cblr-10945	312	59	but	but	CCONJ
cblr-10945	312	60	the	the	DET
cblr-10945	312	61	sec	sec	PROPN
cblr-10945	312	62	must	must	AUX
cblr-10945	312	63	also	also	ADV
cblr-10945	312	64	be	be	AUX
cblr-10945	312	65	mindful	mindful	ADJ
cblr-10945	312	66	of	of	ADP
cblr-10945	312	67	the	the	DET
cblr-10945	312	68	ways	way	NOUN
cblr-10945	312	69	in	in	ADP
cblr-10945	312	70	which	which	PRON
cblr-10945	312	71	investors	investor	NOUN
cblr-10945	312	72	use	use	VERB
cblr-10945	312	73	and	and	CCONJ
cblr-10945	312	74	process	process	NOUN
cblr-10945	312	75	disclosures	disclosure	NOUN
cblr-10945	312	76	—	—	PUNCT
cblr-10945	312	77	and	and	CCONJ
cblr-10945	312	78	it	it	PRON
cblr-10945	312	79	should	should	AUX
cblr-10945	312	80	be	be	AUX
cblr-10945	312	81	more	more	ADV
cblr-10945	312	82	transparent	transparent	ADJ
cblr-10945	312	83	about	about	ADP
cblr-10945	312	84	how	how	SCONJ
cblr-10945	312	85	the	the	DET
cblr-10945	312	86	rule	rule	NOUN
cblr-10945	312	87	changes	change	NOUN
cblr-10945	312	88	which	which	PRON
cblr-10945	312	89	expose	expose	VERB
cblr-10945	312	90	these	these	DET
cblr-10945	312	91	risks	risk	NOUN
cblr-10945	312	92	are	be	AUX
cblr-10945	312	93	made	make	VERB
cblr-10945	312	94	with	with	ADP
cblr-10945	312	95	institutional	institutional	ADJ
cblr-10945	312	96	investors	investor	NOUN
cblr-10945	312	97	in	in	ADP
cblr-10945	312	98	mind	mind	NOUN
cblr-10945	312	99	.	.	PUNCT
cblr-10945	313	1	iv	iv	X
cblr-10945	313	2	.	.	PUNCT
cblr-10945	313	3	recommendations	recommendation	NOUN
cblr-10945	313	4	for	for	ADP
cblr-10945	313	5	the	the	DET
cblr-10945	313	6	sec	sec	PROPN
cblr-10945	313	7	if	if	SCONJ
cblr-10945	313	8	the	the	DET
cblr-10945	313	9	sec	sec	PROPN
cblr-10945	313	10	meant	mean	VERB
cblr-10945	313	11	what	what	PRON
cblr-10945	313	12	it	it	PRON
cblr-10945	313	13	said	say	VERB
cblr-10945	313	14	about	about	ADP
cblr-10945	313	15	informing	inform	VERB
cblr-10945	313	16	retail	retail	ADJ
cblr-10945	313	17	investors	investor	NOUN
cblr-10945	313	18	about	about	ADP
cblr-10945	313	19	the	the	DET
cblr-10945	313	20	risks	risk	NOUN
cblr-10945	313	21	vies	vie	NOUN
cblr-10945	313	22	pose	pose	VERB
cblr-10945	313	23	,	,	PUNCT
cblr-10945	313	24	it	it	PRON
cblr-10945	313	25	should	should	AUX
cblr-10945	313	26	incorporate	incorporate	VERB
cblr-10945	313	27	teachings	teaching	NOUN
cblr-10945	313	28	from	from	ADP
cblr-10945	313	29	behavioral	behavioral	ADJ
cblr-10945	313	30	psychology	psychology	NOUN
cblr-10945	313	31	into	into	ADP
cblr-10945	313	32	its	its	PRON
cblr-10945	313	33	regulatory	regulatory	ADJ
cblr-10945	313	34	structure	structure	NOUN
cblr-10945	313	35	.	.	PUNCT
cblr-10945	314	1	instead	instead	ADV
cblr-10945	314	2	of	of	ADP
cblr-10945	314	3	retooling	retool	VERB
cblr-10945	314	4	the	the	DET
cblr-10945	314	5	wording	wording	NOUN
cblr-10945	314	6	a	a	DET
cblr-10945	314	7	vie	vie	PROPN
cblr-10945	314	8	uses	use	VERB
cblr-10945	314	9	in	in	ADP
cblr-10945	314	10	its	its	PRON
cblr-10945	314	11	risk	risk	NOUN
cblr-10945	314	12	factor	factor	NOUN
cblr-10945	314	13	discussion	discussion	NOUN
cblr-10945	314	14	,	,	PUNCT
cblr-10945	314	15	the	the	DET
cblr-10945	314	16	sec	sec	PROPN
cblr-10945	314	17	should	should	AUX
cblr-10945	314	18	work	work	VERB
cblr-10945	314	19	to	to	PART
cblr-10945	314	20	ensure	ensure	VERB
cblr-10945	314	21	the	the	DET
cblr-10945	314	22	disclosure	disclosure	NOUN
cblr-10945	314	23	is	be	AUX
cblr-10945	314	24	both	both	CCONJ
cblr-10945	314	25	visible	visible	ADJ
cblr-10945	314	26	and	and	CCONJ
cblr-10945	314	27	comprehensible	comprehensible	ADJ
cblr-10945	314	28	to	to	ADP
cblr-10945	314	29	the	the	DET
cblr-10945	314	30	average	average	ADJ
cblr-10945	314	31	investor	investor	NOUN
cblr-10945	314	32	.	.	PUNCT
cblr-10945	315	1	the	the	DET
cblr-10945	315	2	disclosure	disclosure	NOUN
cblr-10945	315	3	would	would	AUX
cblr-10945	315	4	be	be	AUX
cblr-10945	315	5	more	more	ADV
cblr-10945	315	6	effective	effective	ADJ
cblr-10945	315	7	if	if	SCONJ
cblr-10945	315	8	made	make	VERB
cblr-10945	315	9	at	at	ADP
cblr-10945	315	10	the	the	DET
cblr-10945	315	11	point	point	NOUN
cblr-10945	315	12	of	of	ADP
cblr-10945	315	13	sale	sale	NOUN
cblr-10945	315	14	by	by	ADP
cblr-10945	315	15	either	either	CCONJ
cblr-10945	315	16	a	a	DET
cblr-10945	315	17	broker	broker	NOUN
cblr-10945	315	18	or	or	CCONJ
cblr-10945	315	19	platform	platform	NOUN
cblr-10945	315	20	,	,	PUNCT
cblr-10945	315	21	akin	akin	ADJ
cblr-10945	315	22	to	to	ADP
cblr-10945	315	23	disclosures	disclosure	NOUN
cblr-10945	315	24	required	require	VERB
cblr-10945	315	25	for	for	ADP
cblr-10945	315	26	penny	penny	NOUN
cblr-10945	315	27	stocks	stock	NOUN
cblr-10945	315	28	,	,	PUNCT
cblr-10945	315	29	than	than	ADP
cblr-10945	315	30	by	by	ADP
cblr-10945	315	31	the	the	DET
cblr-10945	315	32	issuer	issuer	NOUN
cblr-10945	315	33	itself	itself	PRON
cblr-10945	315	34	.	.	PUNCT
cblr-10945	316	1	and	and	CCONJ
cblr-10945	316	2	if	if	SCONJ
cblr-10945	316	3	the	the	DET
cblr-10945	316	4	risks	risk	NOUN
cblr-10945	316	5	are	be	AUX
cblr-10945	316	6	so	so	ADV
cblr-10945	316	7	great	great	ADJ
cblr-10945	316	8	as	as	SCONJ
cblr-10945	316	9	to	to	PART
cblr-10945	316	10	need	need	VERB
cblr-10945	316	11	elevated	elevated	ADJ
cblr-10945	316	12	visibility	visibility	NOUN
cblr-10945	316	13	,	,	PUNCT
cblr-10945	316	14	the	the	DET
cblr-10945	316	15	agency	agency	NOUN
cblr-10945	316	16	146	146	NUM
cblr-10945	316	17	pacheco	pacheco	PROPN
cblr-10945	316	18	&	&	CCONJ
cblr-10945	316	19	fioretti	fioretti	PROPN
cblr-10945	316	20	,	,	PUNCT
cblr-10945	316	21	supra	supra	PROPN
cblr-10945	316	22	note	note	NOUN
cblr-10945	316	23	97	97	NUM
cblr-10945	316	24	.	.	PUNCT
cblr-10945	317	1	147	147	NUM
cblr-10945	317	2	korsmo	korsmo	NOUN
cblr-10945	317	3	,	,	PUNCT
cblr-10945	317	4	supra	supra	PROPN
cblr-10945	317	5	note	note	NOUN
cblr-10945	317	6	141	141	NUM
cblr-10945	317	7	,	,	PUNCT
cblr-10945	317	8	at	at	ADP
cblr-10945	317	9	1595	1595	NUM
cblr-10945	317	10	(	(	PUNCT
cblr-10945	317	11	“	"	PUNCT
cblr-10945	317	12	perhaps	perhaps	ADV
cblr-10945	317	13	the	the	DET
cblr-10945	317	14	oldest	old	ADJ
cblr-10945	317	15	and	and	CCONJ
cblr-10945	317	16	most	most	ADV
cblr-10945	317	17	obvious	obvious	ADJ
cblr-10945	317	18	criticism	criticism	NOUN
cblr-10945	317	19	of	of	ADP
cblr-10945	317	20	targeting	target	VERB
cblr-10945	317	21	disclosures	disclosure	NOUN
cblr-10945	317	22	to	to	ADP
cblr-10945	317	23	ordinary	ordinary	ADJ
cblr-10945	317	24	investors	investor	NOUN
cblr-10945	317	25	is	be	AUX
cblr-10945	317	26	that	that	SCONJ
cblr-10945	317	27	it	it	PRON
cblr-10945	317	28	is	be	AUX
cblr-10945	317	29	simply	simply	ADV
cblr-10945	317	30	unrealistic	unrealistic	ADJ
cblr-10945	317	31	because	because	SCONJ
cblr-10945	317	32	they	they	PRON
cblr-10945	317	33	do	do	AUX
cblr-10945	317	34	not	not	PART
cblr-10945	317	35	read	read	VERB
cblr-10945	317	36	them	they	PRON
cblr-10945	317	37	and	and	CCONJ
cblr-10945	317	38	,	,	PUNCT
cblr-10945	317	39	moreover	moreover	ADV
cblr-10945	317	40	,	,	PUNCT
cblr-10945	317	41	would	would	AUX
cblr-10945	317	42	be	be	AUX
cblr-10945	317	43	wasting	waste	VERB
cblr-10945	317	44	their	their	PRON
cblr-10945	317	45	time	time	NOUN
cblr-10945	317	46	and	and	CCONJ
cblr-10945	317	47	effort	effort	NOUN
cblr-10945	317	48	if	if	SCONJ
cblr-10945	317	49	they	they	PRON
cblr-10945	317	50	did	do	VERB
cblr-10945	317	51	.	.	PUNCT
cblr-10945	317	52	”	"	PUNCT
cblr-10945	317	53	)	)	PUNCT
cblr-10945	317	54	.	.	PUNCT
cblr-10945	318	1	148	148	NUM
cblr-10945	318	2	15	15	NUM
cblr-10945	318	3	u.s.c	u.s.c	NOUN
cblr-10945	318	4	.	.	PUNCT
cblr-10945	319	1	§	§	PROPN
cblr-10945	319	2	7214	7214	NUM
cblr-10945	319	3	(	(	PUNCT
cblr-10945	319	4	2020	2020	NUM
cblr-10945	319	5	)	)	PUNCT
cblr-10945	319	6	.	.	PUNCT
cblr-10945	320	1	149	149	NUM
cblr-10945	320	2	gensler	gensler	NOUN
cblr-10945	320	3	,	,	PUNCT
cblr-10945	320	4	supra	supra	PROPN
cblr-10945	320	5	note	note	NOUN
cblr-10945	320	6	3	3	X
cblr-10945	320	7	.	.	PUNCT
cblr-10945	321	1	no	no	INTJ
cblr-10945	321	2	.	.	PUNCT
cblr-10945	322	1	2:1066	2:1066	NUM
cblr-10945	322	2	]	]	PUNCT
cblr-10945	322	3	the	the	DET
cblr-10945	322	4	sec	sec	PROPN
cblr-10945	322	5	’s	’s	PART
cblr-10945	322	6	vie	vie	PROPN
cblr-10945	322	7	problem	problem	NOUN
cblr-10945	322	8	1091	1091	NUM
cblr-10945	322	9	should	should	AUX
cblr-10945	322	10	consider	consider	VERB
cblr-10945	322	11	substantive	substantive	ADJ
cblr-10945	322	12	regulation	regulation	NOUN
cblr-10945	322	13	—	—	PUNCT
cblr-10945	322	14	disallowing	disallow	VERB
cblr-10945	322	15	the	the	DET
cblr-10945	322	16	practice	practice	NOUN
cblr-10945	322	17	entirely	entirely	ADV
cblr-10945	322	18	amongst	amongst	ADP
cblr-10945	322	19	issuers	issuer	NOUN
cblr-10945	322	20	.	.	PUNCT
cblr-10945	323	1	however	however	ADV
cblr-10945	323	2	,	,	PUNCT
cblr-10945	323	3	the	the	DET
cblr-10945	323	4	agency	agency	NOUN
cblr-10945	323	5	’s	’s	PART
cblr-10945	323	6	actions	action	NOUN
cblr-10945	323	7	speak	speak	VERB
cblr-10945	323	8	louder	louder	ADV
cblr-10945	323	9	than	than	ADP
cblr-10945	323	10	its	its	PRON
cblr-10945	323	11	words	word	NOUN
cblr-10945	323	12	.	.	PUNCT
cblr-10945	324	1	the	the	DET
cblr-10945	324	2	sec	sec	PROPN
cblr-10945	324	3	prioritizes	prioritize	VERB
cblr-10945	324	4	institutional	institutional	ADJ
cblr-10945	324	5	investors	investor	NOUN
cblr-10945	324	6	in	in	ADP
cblr-10945	324	7	its	its	PRON
cblr-10945	324	8	disclosure	disclosure	NOUN
cblr-10945	324	9	regime	regime	NOUN
cblr-10945	324	10	,	,	PUNCT
cblr-10945	324	11	as	as	SCONJ
cblr-10945	324	12	the	the	DET
cblr-10945	324	13	academic	academic	ADJ
cblr-10945	324	14	literature	literature	NOUN
cblr-10945	324	15	suggests	suggest	VERB
cblr-10945	324	16	it	it	PRON
cblr-10945	324	17	should	should	AUX
cblr-10945	324	18	.	.	PUNCT
cblr-10945	325	1	instead	instead	ADV
cblr-10945	325	2	of	of	ADP
cblr-10945	325	3	continuing	continue	VERB
cblr-10945	325	4	to	to	PART
cblr-10945	325	5	invoke	invoke	VERB
cblr-10945	325	6	the	the	DET
cblr-10945	325	7	average	average	ADJ
cblr-10945	325	8	investor	investor	NOUN
cblr-10945	325	9	during	during	ADP
cblr-10945	325	10	the	the	DET
cblr-10945	325	11	rulemaking	rulemaking	NOUN
cblr-10945	325	12	process	process	NOUN
cblr-10945	325	13	,	,	PUNCT
cblr-10945	325	14	the	the	DET
cblr-10945	325	15	agency	agency	NOUN
cblr-10945	325	16	should	should	AUX
cblr-10945	325	17	adopt	adopt	VERB
cblr-10945	325	18	a	a	DET
cblr-10945	325	19	more	more	ADV
cblr-10945	325	20	transparent	transparent	ADJ
cblr-10945	325	21	approach	approach	NOUN
cblr-10945	325	22	which	which	PRON
cblr-10945	325	23	acknowledges	acknowledge	VERB
cblr-10945	325	24	the	the	DET
cblr-10945	325	25	importance	importance	NOUN
cblr-10945	325	26	of	of	ADP
cblr-10945	325	27	institutional	institutional	ADJ
cblr-10945	325	28	investor	investor	NOUN
cblr-10945	325	29	access	access	NOUN
cblr-10945	325	30	to	to	ADP
cblr-10945	325	31	full	full	ADJ
cblr-10945	325	32	and	and	CCONJ
cblr-10945	325	33	fair	fair	ADJ
cblr-10945	325	34	disclosure	disclosure	NOUN
cblr-10945	325	35	.	.	PUNCT
cblr-10945	326	1	a.	a.	NOUN
cblr-10945	326	2	substantive	substantive	ADJ
cblr-10945	326	3	regulation	regulation	NOUN
cblr-10945	326	4	the	the	DET
cblr-10945	326	5	sec	sec	PROPN
cblr-10945	326	6	has	have	AUX
cblr-10945	326	7	adopted	adopt	VERB
cblr-10945	326	8	a	a	DET
cblr-10945	326	9	general	general	ADJ
cblr-10945	326	10	policy	policy	NOUN
cblr-10945	326	11	of	of	ADP
cblr-10945	326	12	disclosure	disclosure	NOUN
cblr-10945	326	13	over	over	ADP
cblr-10945	326	14	substantive	substantive	ADJ
cblr-10945	326	15	regulation	regulation	NOUN
cblr-10945	326	16	;	;	PUNCT
cblr-10945	326	17	though	though	ADV
cblr-10945	326	18	,	,	PUNCT
cblr-10945	326	19	as	as	SCONJ
cblr-10945	326	20	noted	note	VERB
cblr-10945	326	21	above	above	ADV
cblr-10945	326	22	,	,	PUNCT
cblr-10945	326	23	there	there	PRON
cblr-10945	326	24	are	be	VERB
cblr-10945	326	25	exceptions.150	exceptions.150	ADP
cblr-10945	326	26	congress	congress	PROPN
cblr-10945	326	27	may	may	AUX
cblr-10945	326	28	choose	choose	VERB
cblr-10945	326	29	to	to	PART
cblr-10945	326	30	address	address	VERB
cblr-10945	326	31	its	its	PRON
cblr-10945	326	32	concerns	concern	NOUN
cblr-10945	326	33	with	with	ADP
cblr-10945	326	34	the	the	DET
cblr-10945	326	35	vie	vie	PROPN
cblr-10945	326	36	structure	structure	NOUN
cblr-10945	326	37	in	in	ADP
cblr-10945	326	38	the	the	DET
cblr-10945	326	39	same	same	ADJ
cblr-10945	326	40	way	way	NOUN
cblr-10945	326	41	it	it	PRON
cblr-10945	326	42	has	have	VERB
cblr-10945	326	43	pcaob	pcaob	NOUN
cblr-10945	326	44	oversight	oversight	NOUN
cblr-10945	326	45	—	—	PUNCT
cblr-10945	326	46	threaten	threaten	VERB
cblr-10945	326	47	to	to	PART
cblr-10945	326	48	delist	delist	VERB
cblr-10945	326	49	if	if	SCONJ
cblr-10945	326	50	china	china	PROPN
cblr-10945	326	51	does	do	AUX
cblr-10945	326	52	not	not	PART
cblr-10945	326	53	change	change	VERB
cblr-10945	326	54	its	its	PRON
cblr-10945	326	55	rules	rule	NOUN
cblr-10945	326	56	to	to	PART
cblr-10945	326	57	allow	allow	VERB
cblr-10945	326	58	foreign	foreign	ADJ
cblr-10945	326	59	ownership	ownership	NOUN
cblr-10945	326	60	of	of	ADP
cblr-10945	326	61	its	its	PRON
cblr-10945	326	62	companies	company	NOUN
cblr-10945	326	63	in	in	ADP
cblr-10945	326	64	“	"	PUNCT
cblr-10945	326	65	sensitive	sensitive	ADJ
cblr-10945	326	66	sectors	sector	NOUN
cblr-10945	326	67	.	.	PUNCT
cblr-10945	326	68	”151	”151	PUNCT
cblr-10945	327	1	and	and	CCONJ
cblr-10945	327	2	perhaps	perhaps	ADV
cblr-10945	327	3	the	the	DET
cblr-10945	327	4	u.s	u.s	PROPN
cblr-10945	327	5	.	.	PROPN
cblr-10945	327	6	will	will	AUX
cblr-10945	327	7	adopt	adopt	VERB
cblr-10945	327	8	this	this	DET
cblr-10945	327	9	strategy	strategy	NOUN
cblr-10945	327	10	if	if	SCONJ
cblr-10945	327	11	congress	congress	PROPN
cblr-10945	327	12	views	view	VERB
cblr-10945	327	13	the	the	DET
cblr-10945	327	14	vie	vie	PROPN
cblr-10945	327	15	as	as	ADV
cblr-10945	327	16	comparable	comparable	ADJ
cblr-10945	327	17	in	in	ADP
cblr-10945	327	18	risk	risk	NOUN
cblr-10945	327	19	and	and	CCONJ
cblr-10945	327	20	disrespectful	disrespectful	ADJ
cblr-10945	327	21	toward	toward	ADP
cblr-10945	327	22	u.s	u.s	PROPN
cblr-10945	327	23	.	.	PROPN
cblr-10945	327	24	law	law	PROPN
cblr-10945	327	25	as	as	ADP
cblr-10945	327	26	china	china	PROPN
cblr-10945	327	27	’s	’s	PART
cblr-10945	327	28	pcaob	pcaob	PROPN
cblr-10945	327	29	ban	ban	NOUN
cblr-10945	327	30	.	.	PUNCT
cblr-10945	328	1	alternatively	alternatively	ADV
cblr-10945	328	2	,	,	PUNCT
cblr-10945	328	3	the	the	DET
cblr-10945	328	4	sec	sec	PROPN
cblr-10945	328	5	could	could	AUX
cblr-10945	328	6	change	change	VERB
cblr-10945	328	7	its	its	PRON
cblr-10945	328	8	accounting	accounting	NOUN
cblr-10945	328	9	guidance	guidance	NOUN
cblr-10945	328	10	to	to	AUX
cblr-10945	328	11	disallow	disallow	VERB
cblr-10945	328	12	financial	financial	ADJ
cblr-10945	328	13	statement	statement	NOUN
cblr-10945	328	14	consolidation	consolidation	NOUN
cblr-10945	328	15	for	for	ADP
cblr-10945	328	16	vies	vie	NOUN
cblr-10945	328	17	.	.	PUNCT
cblr-10945	329	1	however	however	ADV
cblr-10945	329	2	,	,	PUNCT
cblr-10945	329	3	this	this	PRON
cblr-10945	329	4	reintroduces	reintroduce	VERB
cblr-10945	329	5	the	the	DET
cblr-10945	329	6	potential	potential	NOUN
cblr-10945	329	7	to	to	PART
cblr-10945	329	8	hide	hide	VERB
cblr-10945	329	9	liabilities	liability	NOUN
cblr-10945	329	10	offshore	offshore	ADV
cblr-10945	329	11	—	—	PUNCT
cblr-10945	329	12	a	a	DET
cblr-10945	329	13	risk	risk	NOUN
cblr-10945	329	14	that	that	SCONJ
cblr-10945	329	15	consolidation	consolidation	NOUN
cblr-10945	329	16	rules	rule	NOUN
cblr-10945	329	17	tried	try	VERB
cblr-10945	329	18	to	to	PART
cblr-10945	329	19	eliminate.152	eliminate.152	VERB
cblr-10945	329	20	given	give	VERB
cblr-10945	329	21	the	the	DET
cblr-10945	329	22	sec	sec	PROPN
cblr-10945	329	23	’s	’s	PART
cblr-10945	329	24	incentives	incentive	NOUN
cblr-10945	329	25	against	against	ADP
cblr-10945	329	26	cutting	cut	VERB
cblr-10945	329	27	investors	investor	NOUN
cblr-10945	329	28	off	off	ADP
cblr-10945	329	29	from	from	ADP
cblr-10945	329	30	the	the	DET
cblr-10945	329	31	growth	growth	NOUN
cblr-10945	329	32	potential	potential	NOUN
cblr-10945	329	33	of	of	ADP
cblr-10945	329	34	chinese	chinese	ADJ
cblr-10945	329	35	stocks	stock	NOUN
cblr-10945	329	36	,	,	PUNCT
cblr-10945	329	37	especially	especially	ADV
cblr-10945	329	38	in	in	ADP
cblr-10945	329	39	the	the	DET
cblr-10945	329	40	technology	technology	NOUN
cblr-10945	329	41	sector	sector	NOUN
cblr-10945	329	42	,	,	PUNCT
cblr-10945	329	43	disallowing	disallow	VERB
cblr-10945	329	44	the	the	DET
cblr-10945	329	45	structure	structure	NOUN
cblr-10945	329	46	’s	’s	PART
cblr-10945	329	47	use	use	NOUN
cblr-10945	329	48	is	be	AUX
cblr-10945	329	49	likely	likely	ADJ
cblr-10945	329	50	not	not	PART
cblr-10945	329	51	feasible.153	feasible.153	VERB
cblr-10945	329	52	ultimately	ultimately	ADV
cblr-10945	329	53	,	,	PUNCT
cblr-10945	329	54	the	the	DET
cblr-10945	329	55	sec	sec	PROPN
cblr-10945	329	56	should	should	AUX
cblr-10945	329	57	not	not	PART
cblr-10945	329	58	substantively	substantively	ADV
cblr-10945	329	59	disallow	disallow	VERB
cblr-10945	329	60	the	the	DET
cblr-10945	329	61	vie	vie	PROPN
cblr-10945	329	62	structure	structure	NOUN
cblr-10945	329	63	without	without	ADP
cblr-10945	329	64	direct	direct	ADJ
cblr-10945	329	65	guidance	guidance	NOUN
cblr-10945	329	66	from	from	ADP
cblr-10945	329	67	congress	congress	PROPN
cblr-10945	329	68	.	.	PUNCT
cblr-10945	330	1	disclosure	disclosure	NOUN
cblr-10945	330	2	is	be	AUX
cblr-10945	330	3	the	the	DET
cblr-10945	330	4	appropriate	appropriate	ADJ
cblr-10945	330	5	remedy	remedy	NOUN
cblr-10945	330	6	for	for	ADP
cblr-10945	330	7	investor	investor	NOUN
cblr-10945	330	8	protection	protection	NOUN
cblr-10945	330	9	as	as	SCONJ
cblr-10945	330	10	it	it	PRON
cblr-10945	330	11	relates	relate	VERB
cblr-10945	330	12	to	to	ADP
cblr-10945	330	13	vies	vie	NOUN
cblr-10945	330	14	.	.	PUNCT
cblr-10945	331	1	however	however	ADV
cblr-10945	331	2	,	,	PUNCT
cblr-10945	331	3	this	this	DET
cblr-10945	331	4	disclosure	disclosure	NOUN
cblr-10945	331	5	should	should	AUX
cblr-10945	331	6	target	target	VERB
cblr-10945	331	7	those	those	PRON
cblr-10945	331	8	most	most	ADV
cblr-10945	331	9	likely	likely	ADJ
cblr-10945	331	10	to	to	PART
cblr-10945	331	11	read	read	VERB
cblr-10945	331	12	it	it	PRON
cblr-10945	331	13	and	and	CCONJ
cblr-10945	331	14	those	those	PRON
cblr-10945	331	15	capable	capable	ADJ
cblr-10945	331	16	of	of	ADP
cblr-10945	331	17	incorporating	incorporate	VERB
cblr-10945	331	18	that	that	DET
cblr-10945	331	19	information	information	NOUN
cblr-10945	331	20	into	into	ADP
cblr-10945	331	21	the	the	DET
cblr-10945	331	22	security	security	NOUN
cblr-10945	331	23	’s	’s	PART
cblr-10945	331	24	price	price	NOUN
cblr-10945	331	25	—	—	PUNCT
cblr-10945	331	26	institutional	institutional	ADJ
cblr-10945	331	27	investors	investor	NOUN
cblr-10945	331	28	,	,	PUNCT
cblr-10945	331	29	not	not	PART
cblr-10945	331	30	retail	retail	ADJ
cblr-10945	331	31	investors	investor	NOUN
cblr-10945	331	32	.	.	PUNCT
cblr-10945	332	1	150	150	NUM
cblr-10945	332	2	see	see	VERB
cblr-10945	332	3	ripken	ripken	PROPN
cblr-10945	332	4	,	,	PUNCT
cblr-10945	332	5	supra	supra	PROPN
cblr-10945	332	6	note	note	PROPN
cblr-10945	332	7	19	19	NUM
cblr-10945	332	8	,	,	PUNCT
cblr-10945	332	9	at	at	ADP
cblr-10945	332	10	151	151	NUM
cblr-10945	332	11	,	,	PUNCT
cblr-10945	332	12	202	202	NUM
cblr-10945	332	13	.	.	NOUN
cblr-10945	332	14	151	151	NUM
cblr-10945	332	15	see	see	VERB
cblr-10945	332	16	supra	supra	PROPN
cblr-10945	332	17	section	section	PROPN
cblr-10945	332	18	iii.c	iii.c	PROPN
cblr-10945	332	19	.	.	PUNCT
cblr-10945	333	1	152	152	NUM
cblr-10945	333	2	see	see	VERB
cblr-10945	333	3	supra	supra	PROPN
cblr-10945	333	4	notes	note	NOUN
cblr-10945	333	5	36–37	36–37	PROPN
cblr-10945	333	6	.	.	PUNCT
cblr-10945	334	1	153	153	NUM
cblr-10945	334	2	gensler	gensler	NOUN
cblr-10945	334	3	,	,	PUNCT
cblr-10945	334	4	supra	supra	PROPN
cblr-10945	334	5	note	note	NOUN
cblr-10945	334	6	2	2	NUM
cblr-10945	334	7	.	.	NOUN
cblr-10945	334	8	1092	1092	NUM
cblr-10945	334	9	columbia	columbia	PROPN
cblr-10945	334	10	business	business	NOUN
cblr-10945	334	11	law	law	PROPN
cblr-10945	334	12	review	review	NOUN
cblr-10945	334	13	[	[	X
cblr-10945	334	14	vol	vol	NOUN
cblr-10945	334	15	.	.	PUNCT
cblr-10945	334	16	2022	2022	NUM
cblr-10945	334	17	b.	b.	PROPN
cblr-10945	334	18	platform	platform	NOUN
cblr-10945	334	19	-	-	PUNCT
cblr-10945	334	20	based	base	VERB
cblr-10945	334	21	disclosure	disclosure	NOUN
cblr-10945	334	22	requirements	requirement	NOUN
cblr-10945	334	23	if	if	SCONJ
cblr-10945	334	24	the	the	DET
cblr-10945	334	25	sec	sec	PROPN
cblr-10945	334	26	were	be	AUX
cblr-10945	334	27	to	to	PART
cblr-10945	334	28	create	create	VERB
cblr-10945	334	29	a	a	DET
cblr-10945	334	30	disclosure	disclosure	NOUN
cblr-10945	334	31	regime	regime	NOUN
cblr-10945	334	32	with	with	ADP
cblr-10945	334	33	retail	retail	ADJ
cblr-10945	334	34	investors	investor	NOUN
cblr-10945	334	35	in	in	ADP
cblr-10945	334	36	mind	mind	NOUN
cblr-10945	334	37	,	,	PUNCT
cblr-10945	334	38	it	it	PRON
cblr-10945	334	39	should	should	AUX
cblr-10945	334	40	not	not	PART
cblr-10945	334	41	only	only	ADV
cblr-10945	334	42	require	require	VERB
cblr-10945	334	43	the	the	DET
cblr-10945	334	44	issuer	issuer	NOUN
cblr-10945	334	45	to	to	PART
cblr-10945	334	46	disclose	disclose	VERB
cblr-10945	334	47	risks	risk	NOUN
cblr-10945	334	48	in	in	ADP
cblr-10945	334	49	official	official	ADJ
cblr-10945	334	50	filings	filing	NOUN
cblr-10945	334	51	—	—	PUNCT
cblr-10945	334	52	it	it	PRON
cblr-10945	334	53	should	should	AUX
cblr-10945	334	54	also	also	ADV
cblr-10945	334	55	require	require	VERB
cblr-10945	334	56	risks	risk	NOUN
cblr-10945	334	57	related	relate	VERB
cblr-10945	334	58	to	to	ADP
cblr-10945	334	59	the	the	DET
cblr-10945	334	60	vie	vie	PROPN
cblr-10945	334	61	structure	structure	NOUN
cblr-10945	334	62	and	and	CCONJ
cblr-10945	334	63	lack	lack	NOUN
cblr-10945	334	64	of	of	ADP
cblr-10945	334	65	pcaob	pcaob	NOUN
cblr-10945	334	66	oversight	oversight	NOUN
cblr-10945	334	67	be	be	AUX
cblr-10945	334	68	disclosed	disclose	VERB
cblr-10945	334	69	at	at	ADP
cblr-10945	334	70	the	the	DET
cblr-10945	334	71	point	point	NOUN
cblr-10945	334	72	of	of	ADP
cblr-10945	334	73	sale	sale	NOUN
cblr-10945	334	74	.	.	PUNCT
cblr-10945	335	1	requiring	require	VERB
cblr-10945	335	2	brokers	broker	NOUN
cblr-10945	335	3	,	,	PUNCT
cblr-10945	335	4	dealers	dealer	NOUN
cblr-10945	335	5	,	,	PUNCT
cblr-10945	335	6	and	and	CCONJ
cblr-10945	335	7	platforms	platform	NOUN
cblr-10945	335	8	(	(	PUNCT
cblr-10945	335	9	not	not	PART
cblr-10945	335	10	just	just	ADV
cblr-10945	335	11	the	the	DET
cblr-10945	335	12	issuer	issuer	NOUN
cblr-10945	335	13	)	)	PUNCT
cblr-10945	335	14	to	to	PART
cblr-10945	335	15	disclose	disclose	VERB
cblr-10945	335	16	these	these	DET
cblr-10945	335	17	categorical	categorical	ADJ
cblr-10945	335	18	risks	risk	NOUN
cblr-10945	335	19	would	would	AUX
cblr-10945	335	20	substantially	substantially	ADV
cblr-10945	335	21	increase	increase	VERB
cblr-10945	335	22	the	the	DET
cblr-10945	335	23	likelihood	likelihood	NOUN
cblr-10945	335	24	that	that	SCONJ
cblr-10945	335	25	investors	investor	NOUN
cblr-10945	335	26	will	will	AUX
cblr-10945	335	27	be	be	AUX
cblr-10945	335	28	made	make	VERB
cblr-10945	335	29	aware	aware	ADJ
cblr-10945	335	30	of	of	ADP
cblr-10945	335	31	them.154	them.154	NOUN
cblr-10945	335	32	while	while	SCONJ
cblr-10945	335	33	most	most	ADJ
cblr-10945	335	34	lay	lie	VERB
cblr-10945	335	35	investors	investor	NOUN
cblr-10945	335	36	are	be	AUX
cblr-10945	335	37	unlikely	unlikely	ADJ
cblr-10945	335	38	to	to	PART
cblr-10945	335	39	read	read	VERB
cblr-10945	335	40	an	an	DET
cblr-10945	335	41	issuer	issuer	NOUN
cblr-10945	335	42	’s	’s	PART
cblr-10945	335	43	filings	filing	NOUN
cblr-10945	335	44	,	,	PUNCT
cblr-10945	335	45	they	they	PRON
cblr-10945	335	46	may	may	AUX
cblr-10945	335	47	be	be	AUX
cblr-10945	335	48	more	more	ADV
cblr-10945	335	49	engaged	engaged	ADJ
cblr-10945	335	50	with	with	ADP
cblr-10945	335	51	the	the	DET
cblr-10945	335	52	investment	investment	NOUN
cblr-10945	335	53	decision	decision	NOUN
cblr-10945	335	54	at	at	ADP
cblr-10945	335	55	the	the	DET
cblr-10945	335	56	point	point	NOUN
cblr-10945	335	57	of	of	ADP
cblr-10945	335	58	sale	sale	NOUN
cblr-10945	335	59	and	and	CCONJ
cblr-10945	335	60	thus	thus	ADV
cblr-10945	335	61	more	more	ADV
cblr-10945	335	62	amenable	amenable	ADJ
cblr-10945	335	63	to	to	ADP
cblr-10945	335	64	reading	read	VERB
cblr-10945	335	65	disclosure	disclosure	NOUN
cblr-10945	335	66	documents	document	NOUN
cblr-10945	335	67	then	then	ADV
cblr-10945	335	68	.	.	PUNCT
cblr-10945	336	1	there	there	PRON
cblr-10945	336	2	is	be	VERB
cblr-10945	336	3	precedent	precedent	NOUN
cblr-10945	336	4	for	for	ADP
cblr-10945	336	5	this	this	DET
cblr-10945	336	6	platform	platform	NOUN
cblr-10945	336	7	-	-	PUNCT
cblr-10945	336	8	based	base	VERB
cblr-10945	336	9	disclosure	disclosure	NOUN
cblr-10945	336	10	.	.	PUNCT
cblr-10945	337	1	penny	penny	NOUN
cblr-10945	337	2	stocks	stock	NOUN
cblr-10945	337	3	are	be	AUX
cblr-10945	337	4	another	another	DET
cblr-10945	337	5	class	class	NOUN
cblr-10945	337	6	of	of	ADP
cblr-10945	337	7	securities	security	NOUN
cblr-10945	337	8	which	which	PRON
cblr-10945	337	9	regulators	regulator	NOUN
cblr-10945	337	10	have	have	AUX
cblr-10945	337	11	decided	decide	VERB
cblr-10945	337	12	pose	pose	VERB
cblr-10945	337	13	a	a	DET
cblr-10945	337	14	special	special	ADJ
cblr-10945	337	15	risk	risk	NOUN
cblr-10945	337	16	to	to	PART
cblr-10945	337	17	lay	lay	VERB
cblr-10945	337	18	investors	investor	NOUN
cblr-10945	337	19	.	.	PUNCT
cblr-10945	338	1	any	any	DET
cblr-10945	338	2	investor	investor	NOUN
cblr-10945	338	3	who	who	PRON
cblr-10945	338	4	purchases	purchase	VERB
cblr-10945	338	5	a	a	DET
cblr-10945	338	6	penny	penny	NOUN
cblr-10945	338	7	stock	stock	NOUN
cblr-10945	338	8	must	must	AUX
cblr-10945	338	9	receive	receive	VERB
cblr-10945	338	10	a	a	DET
cblr-10945	338	11	schedule	schedule	NOUN
cblr-10945	338	12	15	15	NUM
cblr-10945	338	13	g	g	NOUN
cblr-10945	338	14	document	document	NOUN
cblr-10945	338	15	from	from	ADP
cblr-10945	338	16	their	their	PRON
cblr-10945	338	17	broker	broker	NOUN
cblr-10945	338	18	before	before	ADP
cblr-10945	338	19	their	their	PRON
cblr-10945	338	20	first	first	ADJ
cblr-10945	338	21	penny	penny	NOUN
cblr-10945	338	22	stock	stock	NOUN
cblr-10945	338	23	trade.155	trade.155	DET
cblr-10945	338	24	the	the	DET
cblr-10945	338	25	form	form	NOUN
cblr-10945	338	26	warns	warn	VERB
cblr-10945	338	27	of	of	ADP
cblr-10945	338	28	the	the	DET
cblr-10945	338	29	general	general	ADJ
cblr-10945	338	30	risks	risk	NOUN
cblr-10945	338	31	associated	associate	VERB
cblr-10945	338	32	with	with	ADP
cblr-10945	338	33	investing	invest	VERB
cblr-10945	338	34	in	in	ADP
cblr-10945	338	35	penny	penny	NOUN
cblr-10945	338	36	stocks	stock	NOUN
cblr-10945	338	37	.	.	PUNCT
cblr-10945	339	1	these	these	DET
cblr-10945	339	2	warnings	warning	NOUN
cblr-10945	339	3	include	include	VERB
cblr-10945	339	4	statements	statement	NOUN
cblr-10945	339	5	such	such	ADJ
cblr-10945	339	6	as	as	ADP
cblr-10945	339	7	,	,	PUNCT
cblr-10945	339	8	“	"	PUNCT
cblr-10945	339	9	it	it	PRON
cblr-10945	339	10	may	may	AUX
cblr-10945	339	11	be	be	AUX
cblr-10945	339	12	difficult	difficult	ADJ
cblr-10945	339	13	to	to	PART
cblr-10945	339	14	sell	sell	VERB
cblr-10945	339	15	penny	penny	NOUN
cblr-10945	339	16	stock	stock	NOUN
cblr-10945	339	17	shares	share	NOUN
cblr-10945	339	18	once	once	SCONJ
cblr-10945	339	19	you	you	PRON
cblr-10945	339	20	have	have	VERB
cblr-10945	339	21	them	they	PRON
cblr-10945	339	22	,	,	PUNCT
cblr-10945	339	23	”	"	PUNCT
cblr-10945	339	24	“	"	PUNCT
cblr-10945	339	25	be	be	AUX
cblr-10945	339	26	prepared	prepare	VERB
cblr-10945	339	27	for	for	ADP
cblr-10945	339	28	the	the	DET
cblr-10945	339	29	possibility	possibility	NOUN
cblr-10945	339	30	that	that	SCONJ
cblr-10945	339	31	[	[	X
cblr-10945	339	32	you	you	PRON
cblr-10945	339	33	]	]	PUNCT
cblr-10945	339	34	may	may	AUX
cblr-10945	339	35	lose	lose	VERB
cblr-10945	339	36	[	[	PUNCT
cblr-10945	339	37	your	your	PRON
cblr-10945	339	38	]	]	X
cblr-10945	339	39	whole	whole	ADJ
cblr-10945	339	40	investment	investment	NOUN
cblr-10945	339	41	,	,	PUNCT
cblr-10945	339	42	”	"	PUNCT
cblr-10945	339	43	and	and	CCONJ
cblr-10945	339	44	“	"	PUNCT
cblr-10945	339	45	remember	remember	VERB
cblr-10945	339	46	that	that	SCONJ
cblr-10945	339	47	your	your	PRON
cblr-10945	339	48	salesperson	salesperson	NOUN
cblr-10945	339	49	is	be	AUX
cblr-10945	339	50	not	not	PART
cblr-10945	339	51	an	an	DET
cblr-10945	339	52	impartial	impartial	ADJ
cblr-10945	339	53	advisor	advisor	NOUN
cblr-10945	339	54	,	,	PUNCT
cblr-10945	339	55	”	"	PUNCT
cblr-10945	339	56	among	among	ADP
cblr-10945	339	57	others.156	others.156	PROPN
cblr-10945	339	58	further	far	ADV
cblr-10945	339	59	,	,	PUNCT
cblr-10945	339	60	brokers	broker	NOUN
cblr-10945	339	61	must	must	AUX
cblr-10945	339	62	wait	wait	VERB
cblr-10945	339	63	at	at	ADV
cblr-10945	339	64	least	least	ADV
cblr-10945	339	65	two	two	NUM
cblr-10945	339	66	days	day	NOUN
cblr-10945	339	67	before	before	ADP
cblr-10945	339	68	executing	execute	VERB
cblr-10945	339	69	the	the	DET
cblr-10945	339	70	customer	customer	NOUN
cblr-10945	339	71	’s	’s	PART
cblr-10945	339	72	first	first	ADJ
cblr-10945	339	73	trade	trade	NOUN
cblr-10945	339	74	to	to	PART
cblr-10945	339	75	allow	allow	VERB
cblr-10945	339	76	the	the	DET
cblr-10945	339	77	customer	customer	NOUN
cblr-10945	339	78	ample	ample	ADJ
cblr-10945	339	79	time	time	NOUN
cblr-10945	339	80	to	to	PART
cblr-10945	339	81	weigh	weigh	VERB
cblr-10945	339	82	the	the	DET
cblr-10945	339	83	risks	risk	NOUN
cblr-10945	339	84	and	and	CCONJ
cblr-10945	339	85	rewards	reward	NOUN
cblr-10945	339	86	of	of	ADP
cblr-10945	339	87	investing	invest	VERB
cblr-10945	339	88	in	in	ADP
cblr-10945	339	89	penny	penny	NOUN
cblr-10945	339	90	stocks	stock	NOUN
cblr-10945	339	91	generally.157	generally.157	PROPN
cblr-10945	339	92	china	china	PROPN
cblr-10945	339	93	-	-	PUNCT
cblr-10945	339	94	based	base	VERB
cblr-10945	339	95	equity	equity	NOUN
cblr-10945	339	96	securities	security	NOUN
cblr-10945	339	97	also	also	ADV
cblr-10945	339	98	pose	pose	VERB
cblr-10945	339	99	a	a	DET
cblr-10945	339	100	unique	unique	ADJ
cblr-10945	339	101	risk	risk	NOUN
cblr-10945	339	102	to	to	PART
cblr-10945	339	103	lay	lay	VERB
cblr-10945	339	104	investors.158	investors.158	ADV
cblr-10945	339	105	like	like	ADP
cblr-10945	339	106	penny	penny	NOUN
cblr-10945	339	107	stocks	stock	NOUN
cblr-10945	339	108	,	,	PUNCT
cblr-10945	339	109	these	these	DET
cblr-10945	339	110	securities	security	NOUN
cblr-10945	339	111	are	be	AUX
cblr-10945	339	112	subject	subject	ADJ
cblr-10945	339	113	to	to	ADP
cblr-10945	339	114	certain	certain	ADJ
cblr-10945	339	115	risks	risk	NOUN
cblr-10945	339	116	as	as	ADP
cblr-10945	339	117	a	a	DET
cblr-10945	339	118	class	class	NOUN
cblr-10945	339	119	of	of	ADP
cblr-10945	339	120	investment	investment	NOUN
cblr-10945	339	121	beyond	beyond	ADP
cblr-10945	339	122	the	the	DET
cblr-10945	339	123	154	154	NUM
cblr-10945	339	124	see	see	NOUN
cblr-10945	339	125	,	,	PUNCT
cblr-10945	339	126	e.g.	e.g.	ADV
cblr-10945	339	127	,	,	PUNCT
cblr-10945	339	128	donald	donald	PROPN
cblr-10945	339	129	c.	c.	PROPN
cblr-10945	339	130	langevoort	langevoort	PROPN
cblr-10945	339	131	,	,	PUNCT
cblr-10945	339	132	selling	sell	VERB
cblr-10945	339	133	hope	hope	NOUN
cblr-10945	339	134	,	,	PUNCT
cblr-10945	339	135	selling	sell	VERB
cblr-10945	339	136	risk	risk	NOUN
cblr-10945	339	137	:	:	PUNCT
cblr-10945	339	138	some	some	DET
cblr-10945	339	139	lessons	lesson	NOUN
cblr-10945	339	140	for	for	ADP
cblr-10945	339	141	law	law	NOUN
cblr-10945	339	142	from	from	ADP
cblr-10945	339	143	behavioral	behavioral	ADJ
cblr-10945	339	144	economics	economic	NOUN
cblr-10945	339	145	about	about	ADP
cblr-10945	339	146	stockbrokers	stockbroker	NOUN
cblr-10945	339	147	and	and	CCONJ
cblr-10945	339	148	sophisticated	sophisticated	ADJ
cblr-10945	339	149	customers	customer	NOUN
cblr-10945	339	150	,	,	PUNCT
cblr-10945	339	151	84	84	NUM
cblr-10945	339	152	cal	cal	PROPN
cblr-10945	339	153	l.	l.	PROPN
cblr-10945	339	154	rev	rev	PROPN
cblr-10945	339	155	.	.	PROPN
cblr-10945	339	156	627	627	NUM
cblr-10945	339	157	,	,	PUNCT
cblr-10945	339	158	693	693	NUM
cblr-10945	339	159	(	(	PUNCT
cblr-10945	339	160	1996	1996	NUM
cblr-10945	339	161	)	)	PUNCT
cblr-10945	339	162	.	.	PUNCT
cblr-10945	340	1	155	155	NUM
cblr-10945	340	2	17	17	NUM
cblr-10945	340	3	c.f.r	c.f.r	NOUN
cblr-10945	340	4	.	.	PUNCT
cblr-10945	341	1	§	§	PROPN
cblr-10945	341	2	240.15g-2	240.15g-2	NUM
cblr-10945	341	3	(	(	PUNCT
cblr-10945	341	4	2005	2005	NUM
cblr-10945	341	5	)	)	PUNCT
cblr-10945	341	6	.	.	PUNCT
cblr-10945	342	1	156	156	NUM
cblr-10945	343	1	i	i	PRON
cblr-10945	343	2	d.	d.	PROPN
cblr-10945	343	3	§	§	PROPN
cblr-10945	343	4	240.15g-100	240.15g-100	NUM
cblr-10945	343	5	.	.	PUNCT
cblr-10945	344	1	157	157	NUM
cblr-10945	344	2	i	i	PROPN
cblr-10945	344	3	d.	d.	PROPN
cblr-10945	344	4	§	§	PROPN
cblr-10945	344	5	240.15g-2	240.15g-2	NUM
cblr-10945	344	6	.	.	PUNCT
cblr-10945	344	7	158	158	NUM
cblr-10945	344	8	see	see	VERB
cblr-10945	344	9	supra	supra	PROPN
cblr-10945	344	10	part	part	PROPN
cblr-10945	344	11	ii	ii	PROPN
cblr-10945	344	12	.	.	PUNCT
cblr-10945	345	1	no	no	INTJ
cblr-10945	345	2	.	.	PUNCT
cblr-10945	346	1	2:1066	2:1066	NUM
cblr-10945	346	2	]	]	PUNCT
cblr-10945	346	3	the	the	DET
cblr-10945	346	4	sec	sec	PROPN
cblr-10945	346	5	’s	’s	PART
cblr-10945	346	6	vie	vie	PROPN
cblr-10945	346	7	problem	problem	PROPN
cblr-10945	346	8	1093	1093	NUM
cblr-10945	346	9	particularized	particularize	VERB
cblr-10945	346	10	risks	risk	NOUN
cblr-10945	346	11	associated	associate	VERB
cblr-10945	346	12	with	with	ADP
cblr-10945	346	13	each	each	DET
cblr-10945	346	14	operating	operate	VERB
cblr-10945	346	15	company.159	company.159	PRON
cblr-10945	346	16	in	in	ADP
cblr-10945	346	17	both	both	DET
cblr-10945	346	18	cases	case	NOUN
cblr-10945	346	19	,	,	PUNCT
cblr-10945	346	20	the	the	DET
cblr-10945	346	21	risk	risk	NOUN
cblr-10945	346	22	to	to	ADP
cblr-10945	346	23	investors	investor	NOUN
cblr-10945	346	24	both	both	CCONJ
cblr-10945	346	25	allows	allow	VERB
cblr-10945	346	26	for	for	ADP
cblr-10945	346	27	and	and	CCONJ
cblr-10945	346	28	requires	require	VERB
cblr-10945	346	29	a	a	DET
cblr-10945	346	30	warning	warning	NOUN
cblr-10945	346	31	mechanism	mechanism	NOUN
cblr-10945	346	32	which	which	PRON
cblr-10945	346	33	departs	depart	VERB
cblr-10945	346	34	from	from	ADP
cblr-10945	346	35	the	the	DET
cblr-10945	346	36	agency	agency	NOUN
cblr-10945	346	37	’s	’s	PART
cblr-10945	346	38	traditional	traditional	ADJ
cblr-10945	346	39	disclosure	disclosure	NOUN
cblr-10945	346	40	regime	regime	NOUN
cblr-10945	346	41	.	.	PUNCT
cblr-10945	347	1	specifications	specification	NOUN
cblr-10945	347	2	about	about	ADP
cblr-10945	347	3	the	the	DET
cblr-10945	347	4	presentation	presentation	NOUN
cblr-10945	347	5	of	of	ADP
cblr-10945	347	6	the	the	DET
cblr-10945	347	7	disclosure	disclosure	NOUN
cblr-10945	347	8	can	can	AUX
cblr-10945	347	9	greatly	greatly	ADV
cblr-10945	347	10	influence	influence	VERB
cblr-10945	347	11	the	the	DET
cblr-10945	347	12	effectiveness	effectiveness	NOUN
cblr-10945	347	13	of	of	ADP
cblr-10945	347	14	the	the	DET
cblr-10945	347	15	disclosure	disclosure	NOUN
cblr-10945	347	16	.	.	PUNCT
cblr-10945	348	1	how	how	SCONJ
cblr-10945	348	2	information	information	NOUN
cblr-10945	348	3	is	be	AUX
cblr-10945	348	4	presented	present	VERB
cblr-10945	348	5	is	be	AUX
cblr-10945	348	6	often	often	ADV
cblr-10945	348	7	more	more	ADV
cblr-10945	348	8	important	important	ADJ
cblr-10945	348	9	than	than	ADP
cblr-10945	348	10	what	what	PRON
cblr-10945	348	11	is	be	AUX
cblr-10945	348	12	presented.160	presented.160	ADJ
cblr-10945	348	13	whether	whether	SCONJ
cblr-10945	348	14	information	information	NOUN
cblr-10945	348	15	is	be	AUX
cblr-10945	348	16	pictorial	pictorial	ADJ
cblr-10945	348	17	(	(	PUNCT
cblr-10945	348	18	such	such	ADJ
cblr-10945	348	19	as	as	ADP
cblr-10945	348	20	a	a	DET
cblr-10945	348	21	chart	chart	NOUN
cblr-10945	348	22	or	or	CCONJ
cblr-10945	348	23	graph	graph	NOUN
cblr-10945	348	24	)	)	PUNCT
cblr-10945	348	25	,	,	PUNCT
cblr-10945	348	26	verbal	verbal	ADJ
cblr-10945	348	27	,	,	PUNCT
cblr-10945	348	28	or	or	CCONJ
cblr-10945	348	29	numerical	numerical	PROPN
cblr-10945	348	30	has	have	AUX
cblr-10945	348	31	an	an	DET
cblr-10945	348	32	impact;161	impact;161	ADJ
cblr-10945	348	33	whether	whether	SCONJ
cblr-10945	348	34	the	the	DET
cblr-10945	348	35	information	information	NOUN
cblr-10945	348	36	is	be	AUX
cblr-10945	348	37	presented	present	VERB
cblr-10945	348	38	as	as	ADP
cblr-10945	348	39	abstract	abstract	ADJ
cblr-10945	348	40	or	or	CCONJ
cblr-10945	348	41	concrete	concrete	NOUN
cblr-10945	348	42	makes	make	VERB
cblr-10945	348	43	a	a	DET
cblr-10945	348	44	difference;162	difference;162	NOUN
cblr-10945	348	45	and	and	CCONJ
cblr-10945	348	46	the	the	DET
cblr-10945	348	47	size	size	NOUN
cblr-10945	348	48	and	and	CCONJ
cblr-10945	348	49	wording	wording	NOUN
cblr-10945	348	50	of	of	ADP
cblr-10945	348	51	any	any	DET
cblr-10945	348	52	information	information	NOUN
cblr-10945	348	53	are	be	AUX
cblr-10945	348	54	important	important	ADJ
cblr-10945	348	55	.	.	PUNCT
cblr-10945	349	1	clarity	clarity	NOUN
cblr-10945	349	2	and	and	CCONJ
cblr-10945	349	3	simplicity	simplicity	NOUN
cblr-10945	349	4	can	can	AUX
cblr-10945	349	5	be	be	AUX
cblr-10945	349	6	the	the	DET
cblr-10945	349	7	most	most	ADV
cblr-10945	349	8	important	important	ADJ
cblr-10945	349	9	factors	factor	NOUN
cblr-10945	349	10	—	—	PUNCT
cblr-10945	349	11	information	information	NOUN
cblr-10945	349	12	that	that	PRON
cblr-10945	349	13	is	be	AUX
cblr-10945	349	14	accurate	accurate	ADJ
cblr-10945	349	15	will	will	AUX
cblr-10945	349	16	be	be	AUX
cblr-10945	349	17	ineffective	ineffective	ADJ
cblr-10945	349	18	if	if	SCONJ
cblr-10945	349	19	it	it	PRON
cblr-10945	349	20	is	be	AUX
cblr-10945	349	21	too	too	ADV
cblr-10945	349	22	“	"	PUNCT
cblr-10945	349	23	abstract	abstract	ADJ
cblr-10945	349	24	,	,	PUNCT
cblr-10945	349	25	vague	vague	ADJ
cblr-10945	349	26	,	,	PUNCT
cblr-10945	349	27	detailed	detailed	ADJ
cblr-10945	349	28	,	,	PUNCT
cblr-10945	349	29	complex	complex	ADJ
cblr-10945	349	30	,	,	PUNCT
cblr-10945	349	31	poorly	poorly	ADV
cblr-10945	349	32	framed	frame	VERB
cblr-10945	349	33	,	,	PUNCT
cblr-10945	349	34	or	or	CCONJ
cblr-10945	349	35	overwhelming	overwhelming	ADJ
cblr-10945	349	36	to	to	PART
cblr-10945	349	37	be	be	AUX
cblr-10945	349	38	useful	useful	ADJ
cblr-10945	349	39	.	.	PUNCT
cblr-10945	350	1	”163	”163	VERB
cblr-10945	350	2	improving	improve	VERB
cblr-10945	350	3	a	a	DET
cblr-10945	350	4	warning	warning	NOUN
cblr-10945	350	5	’s	’s	PART
cblr-10945	350	6	visibility	visibility	NOUN
cblr-10945	350	7	or	or	CCONJ
cblr-10945	350	8	salience	salience	NOUN
cblr-10945	350	9	can	can	AUX
cblr-10945	350	10	have	have	VERB
cblr-10945	350	11	a	a	DET
cblr-10945	350	12	marked	mark	VERB
cblr-10945	350	13	impact	impact	NOUN
cblr-10945	350	14	on	on	ADP
cblr-10945	350	15	behavior	behavior	NOUN
cblr-10945	350	16	.	.	PUNCT
cblr-10945	351	1	u.s	u.s	PROPN
cblr-10945	351	2	.	.	PROPN
cblr-10945	351	3	agencies	agency	NOUN
cblr-10945	351	4	incorporate	incorporate	VERB
cblr-10945	351	5	these	these	DET
cblr-10945	351	6	findings	finding	NOUN
cblr-10945	351	7	in	in	ADP
cblr-10945	351	8	a	a	DET
cblr-10945	351	9	variety	variety	NOUN
cblr-10945	351	10	of	of	ADP
cblr-10945	351	11	ways	way	NOUN
cblr-10945	351	12	:	:	PUNCT
cblr-10945	351	13	the	the	DET
cblr-10945	351	14	credit	credit	NOUN
cblr-10945	351	15	card	card	NOUN
cblr-10945	351	16	accountability	accountability	NOUN
cblr-10945	351	17	,	,	PUNCT
cblr-10945	351	18	responsibility	responsibility	NOUN
cblr-10945	351	19	,	,	PUNCT
cblr-10945	351	20	and	and	CCONJ
cblr-10945	351	21	disclosure	disclosure	NOUN
cblr-10945	351	22	act	act	NOUN
cblr-10945	351	23	of	of	ADP
cblr-10945	351	24	2009	2009	NUM
cblr-10945	351	25	requires	require	VERB
cblr-10945	351	26	clear	clear	ADJ
cblr-10945	351	27	and	and	CCONJ
cblr-10945	351	28	conspicuous	conspicuous	ADJ
cblr-10945	351	29	disclosure	disclosure	NOUN
cblr-10945	351	30	of	of	ADP
cblr-10945	351	31	annual	annual	ADJ
cblr-10945	351	32	percentage	percentage	NOUN
cblr-10945	351	33	rates	rate	NOUN
cblr-10945	351	34	(	(	PUNCT
cblr-10945	351	35	apr	apr	NOUN
cblr-10945	351	36	)	)	PUNCT
cblr-10945	351	37	and	and	CCONJ
cblr-10945	351	38	finance	finance	NOUN
cblr-10945	351	39	charges	charge	NOUN
cblr-10945	351	40	;	;	PUNCT
cblr-10945	351	41	the	the	DET
cblr-10945	351	42	family	family	NOUN
cblr-10945	351	43	smoking	smoking	NOUN
cblr-10945	351	44	prevention	prevention	NOUN
cblr-10945	351	45	and	and	CCONJ
cblr-10945	351	46	tobacco	tobacco	NOUN
cblr-10945	351	47	control	control	PROPN
cblr-10945	351	48	act	act	PROPN
cblr-10945	351	49	of	of	ADP
cblr-10945	351	50	2009	2009	NUM
cblr-10945	351	51	requires	require	VERB
cblr-10945	351	52	vivid	vivid	ADJ
cblr-10945	351	53	pictures	picture	NOUN
cblr-10945	351	54	of	of	ADP
cblr-10945	351	55	the	the	DET
cblr-10945	351	56	adverse	adverse	ADJ
cblr-10945	351	57	outcomes	outcome	NOUN
cblr-10945	351	58	associated	associate	VERB
cblr-10945	351	59	with	with	ADP
cblr-10945	351	60	smoking;164	smoking;164	NOUN
cblr-10945	351	61	and	and	CCONJ
cblr-10945	351	62	the	the	DET
cblr-10945	351	63	sec	sec	PROPN
cblr-10945	351	64	itself	itself	PRON
cblr-10945	351	65	has	have	AUX
cblr-10945	351	66	undertaken	undertake	VERB
cblr-10945	351	67	various	various	ADJ
cblr-10945	351	68	initiatives	initiative	NOUN
cblr-10945	351	69	to	to	PART
cblr-10945	351	70	incorporate	incorporate	VERB
cblr-10945	351	71	these	these	DET
cblr-10945	351	72	principles	principle	NOUN
cblr-10945	351	73	,	,	PUNCT
cblr-10945	351	74	from	from	ADP
cblr-10945	351	75	the	the	DET
cblr-10945	351	76	“	"	PUNCT
cblr-10945	351	77	plain	plain	ADJ
cblr-10945	351	78	english	english	ADJ
cblr-10945	351	79	”	"	PUNCT
cblr-10945	351	80	initiative	initiative	NOUN
cblr-10945	351	81	in	in	ADP
cblr-10945	351	82	official	official	ADJ
cblr-10945	351	83	filings	filing	NOUN
cblr-10945	351	84	to	to	ADP
cblr-10945	351	85	the	the	DET
cblr-10945	351	86	requirement	requirement	NOUN
cblr-10945	351	87	that	that	SCONJ
cblr-10945	351	88	executive	executive	PROPN
cblr-10945	351	89	compensation	compensation	NOUN
cblr-10945	351	90	information	information	NOUN
cblr-10945	351	91	be	be	AUX
cblr-10945	351	92	disclosed	disclose	VERB
cblr-10945	351	93	in	in	ADP
cblr-10945	351	94	tables.165	tables.165	NOUN
cblr-10945	351	95	informing	inform	VERB
cblr-10945	351	96	investors	investor	NOUN
cblr-10945	351	97	at	at	ADP
cblr-10945	351	98	the	the	DET
cblr-10945	351	99	point	point	NOUN
cblr-10945	351	100	of	of	ADP
cblr-10945	351	101	decision	decision	NOUN
cblr-10945	351	102	with	with	ADP
cblr-10945	351	103	a	a	DET
cblr-10945	351	104	brief	brief	ADJ
cblr-10945	351	105	summary	summary	NOUN
cblr-10945	351	106	of	of	ADP
cblr-10945	351	107	relevant	relevant	ADJ
cblr-10945	351	108	information	information	NOUN
cblr-10945	351	109	would	would	AUX
cblr-10945	351	110	interrupt	interrupt	VERB
cblr-10945	351	111	the	the	DET
cblr-10945	351	112	decision	decision	NOUN
cblr-10945	351	113	-	-	PUNCT
cblr-10945	351	114	making	make	VERB
cblr-10945	351	115	process	process	NOUN
cblr-10945	351	116	,	,	PUNCT
cblr-10945	351	117	forcing	force	VERB
cblr-10945	351	118	the	the	DET
cblr-10945	351	119	investor	investor	NOUN
cblr-10945	351	120	to	to	PART
cblr-10945	351	121	stop	stop	VERB
cblr-10945	351	122	and	and	CCONJ
cblr-10945	351	123	159	159	NUM
cblr-10945	351	124	i	i	PROPN
cblr-10945	351	125	d.	d.	PROPN
cblr-10945	351	126	160	160	NUM
cblr-10945	351	127	see	see	VERB
cblr-10945	351	128	,	,	PUNCT
cblr-10945	351	129	e.g.	e.g.	ADV
cblr-10945	351	130	,	,	PUNCT
cblr-10945	351	131	paredes	paredes	PROPN
cblr-10945	351	132	,	,	PUNCT
cblr-10945	351	133	supra	supra	PROPN
cblr-10945	351	134	note	note	PROPN
cblr-10945	351	135	113	113	NUM
cblr-10945	351	136	,	,	PUNCT
cblr-10945	351	137	at	at	ADP
cblr-10945	351	138	475	475	NUM
cblr-10945	351	139	.	.	PUNCT
cblr-10945	352	1	161	161	NUM
cblr-10945	353	1	i	i	PROPN
cblr-10945	353	2	d.	d.	PROPN
cblr-10945	353	3	162	162	NUM
cblr-10945	353	4	cass	cass	PROPN
cblr-10945	353	5	r.	r.	PROPN
cblr-10945	353	6	sunstein	sunstein	PROPN
cblr-10945	353	7	,	,	PUNCT
cblr-10945	353	8	empirically	empirically	ADV
cblr-10945	353	9	informed	inform	VERB
cblr-10945	353	10	regulation	regulation	NOUN
cblr-10945	353	11	,	,	PUNCT
cblr-10945	353	12	78	78	NUM
cblr-10945	353	13	u.	u.	NOUN
cblr-10945	353	14	chi	chi	PROPN
cblr-10945	353	15	.	.	PUNCT
cblr-10945	354	1	l.	l.	PROPN
cblr-10945	354	2	rev	rev	PROPN
cblr-10945	354	3	.	.	PROPN
cblr-10945	354	4	1349	1349	NUM
cblr-10945	354	5	,	,	PUNCT
cblr-10945	354	6	1352	1352	NUM
cblr-10945	354	7	(	(	PUNCT
cblr-10945	354	8	2011	2011	NUM
cblr-10945	354	9	)	)	PUNCT
cblr-10945	354	10	.	.	PUNCT
cblr-10945	355	1	163	163	NUM
cblr-10945	356	1	i	i	PRON
cblr-10945	356	2	d.	d.	NOUN
cblr-10945	356	3	at	at	ADP
cblr-10945	356	4	1369	1369	NUM
cblr-10945	356	5	.	.	PUNCT
cblr-10945	357	1	164	164	NUM
cblr-10945	357	2	i	i	PRON
cblr-10945	357	3	d.	d.	PROPN
cblr-10945	357	4	at	at	ADP
cblr-10945	357	5	1367	1367	NUM
cblr-10945	357	6	,	,	PUNCT
cblr-10945	357	7	1381	1381	NUM
cblr-10945	357	8	.	.	PUNCT
cblr-10945	358	1	165	165	NUM
cblr-10945	358	2	paredes	parede	NOUN
cblr-10945	358	3	,	,	PUNCT
cblr-10945	358	4	supra	supra	PROPN
cblr-10945	358	5	note	note	PROPN
cblr-10945	358	6	113	113	NUM
cblr-10945	358	7	,	,	PUNCT
cblr-10945	358	8	at	at	ADP
cblr-10945	358	9	475–76	475–76	PROPN
cblr-10945	358	10	.	.	PUNCT
cblr-10945	358	11	1094	1094	NUM
cblr-10945	358	12	columbia	columbia	PROPN
cblr-10945	358	13	business	business	PROPN
cblr-10945	358	14	law	law	PROPN
cblr-10945	358	15	review	review	NOUN
cblr-10945	358	16	[	[	X
cblr-10945	358	17	vol	vol	NOUN
cblr-10945	358	18	.	.	PUNCT
cblr-10945	358	19	2022	2022	NUM
cblr-10945	358	20	consider	consider	VERB
cblr-10945	358	21	the	the	DET
cblr-10945	358	22	choice	choice	NOUN
cblr-10945	358	23	more	more	ADJ
cblr-10945	358	24	carefully.166	carefully.166	NOUN
cblr-10945	358	25	for	for	ADP
cblr-10945	358	26	instance	instance	NOUN
cblr-10945	358	27	,	,	PUNCT
cblr-10945	358	28	alcohol	alcohol	NOUN
cblr-10945	358	29	taxes	taxis	NOUN
cblr-10945	358	30	identified	identify	VERB
cblr-10945	358	31	in	in	ADP
cblr-10945	358	32	the	the	DET
cblr-10945	358	33	posted	post	VERB
cblr-10945	358	34	price	price	NOUN
cblr-10945	358	35	tend	tend	VERB
cblr-10945	358	36	to	to	PART
cblr-10945	358	37	decrease	decrease	VERB
cblr-10945	358	38	alcohol	alcohol	NOUN
cblr-10945	358	39	consumption	consumption	NOUN
cblr-10945	358	40	more	more	ADJ
cblr-10945	358	41	than	than	ADP
cblr-10945	358	42	when	when	SCONJ
cblr-10945	358	43	alcohol	alcohol	NOUN
cblr-10945	358	44	taxes	taxis	NOUN
cblr-10945	358	45	applied	apply	VERB
cblr-10945	358	46	at	at	ADP
cblr-10945	358	47	the	the	DET
cblr-10945	358	48	register	register	NOUN
cblr-10945	358	49	after	after	SCONJ
cblr-10945	358	50	the	the	DET
cblr-10945	358	51	customer	customer	NOUN
cblr-10945	358	52	has	have	AUX
cblr-10945	358	53	already	already	ADV
cblr-10945	358	54	decided	decide	VERB
cblr-10945	358	55	to	to	PART
cblr-10945	358	56	make	make	VERB
cblr-10945	358	57	the	the	DET
cblr-10945	358	58	purchase.167	purchase.167	NOUN
cblr-10945	358	59	these	these	DET
cblr-10945	358	60	summary	summary	NOUN
cblr-10945	358	61	disclosures	disclosure	NOUN
cblr-10945	358	62	should	should	AUX
cblr-10945	358	63	be	be	AUX
cblr-10945	358	64	brief	brief	ADJ
cblr-10945	358	65	and	and	CCONJ
cblr-10945	358	66	simple	simple	ADJ
cblr-10945	358	67	,	,	PUNCT
cblr-10945	358	68	only	only	ADV
cblr-10945	358	69	emphasizing	emphasize	VERB
cblr-10945	358	70	the	the	DET
cblr-10945	358	71	most	most	ADV
cblr-10945	358	72	relevant	relevant	ADJ
cblr-10945	358	73	information	information	NOUN
cblr-10945	358	74	with	with	ADP
cblr-10945	358	75	full	full	ADJ
cblr-10945	358	76	disclosure	disclosure	NOUN
cblr-10945	358	77	complementing	complement	VERB
cblr-10945	358	78	the	the	DET
cblr-10945	358	79	summary	summary	NOUN
cblr-10945	358	80	elsewhere.168	elsewhere.168	NOUN
cblr-10945	358	81	applying	apply	VERB
cblr-10945	358	82	these	these	DET
cblr-10945	358	83	principles	principle	NOUN
cblr-10945	358	84	,	,	PUNCT
cblr-10945	358	85	the	the	DET
cblr-10945	358	86	sec	sec	PROPN
cblr-10945	358	87	could	could	AUX
cblr-10945	358	88	require	require	VERB
cblr-10945	358	89	brokers	broker	NOUN
cblr-10945	358	90	and	and	CCONJ
cblr-10945	358	91	platforms	platform	NOUN
cblr-10945	358	92	to	to	PART
cblr-10945	358	93	clearly	clearly	ADV
cblr-10945	358	94	identify	identify	VERB
cblr-10945	358	95	to	to	ADP
cblr-10945	358	96	customers	customer	NOUN
cblr-10945	358	97	at	at	ADP
cblr-10945	358	98	the	the	DET
cblr-10945	358	99	point	point	NOUN
cblr-10945	358	100	of	of	ADP
cblr-10945	358	101	sale	sale	NOUN
cblr-10945	358	102	that	that	PRON
cblr-10945	358	103	vie	vie	PROPN
cblr-10945	358	104	shares	share	NOUN
cblr-10945	358	105	offer	offer	VERB
cblr-10945	358	106	no	no	DET
cblr-10945	358	107	equity	equity	NOUN
cblr-10945	358	108	interest	interest	NOUN
cblr-10945	358	109	in	in	ADP
cblr-10945	358	110	the	the	DET
cblr-10945	358	111	underlying	underlying	ADJ
cblr-10945	358	112	operating	operate	VERB
cblr-10945	358	113	company	company	NOUN
cblr-10945	358	114	.	.	PUNCT
cblr-10945	359	1	regulations	regulation	NOUN
cblr-10945	359	2	can	can	AUX
cblr-10945	359	3	accomplish	accomplish	VERB
cblr-10945	359	4	this	this	PRON
cblr-10945	359	5	in	in	ADP
cblr-10945	359	6	a	a	DET
cblr-10945	359	7	variety	variety	NOUN
cblr-10945	359	8	of	of	ADP
cblr-10945	359	9	ways	way	NOUN
cblr-10945	359	10	.	.	PUNCT
cblr-10945	360	1	a	a	DET
cblr-10945	360	2	“	"	PUNCT
cblr-10945	360	3	vie	vie	NOUN
cblr-10945	360	4	”	"	PUNCT
cblr-10945	360	5	callout	callout	NOUN
cblr-10945	360	6	before	before	SCONJ
cblr-10945	360	7	the	the	DET
cblr-10945	360	8	ticker	ticker	NOUN
cblr-10945	360	9	would	would	AUX
cblr-10945	360	10	alert	alert	VERB
cblr-10945	360	11	investors	investor	NOUN
cblr-10945	360	12	to	to	ADP
cblr-10945	360	13	the	the	DET
cblr-10945	360	14	stock	stock	NOUN
cblr-10945	360	15	’s	’s	PART
cblr-10945	360	16	ownership	ownership	NOUN
cblr-10945	360	17	structure	structure	NOUN
cblr-10945	360	18	.	.	PUNCT
cblr-10945	361	1	alternatively	alternatively	ADV
cblr-10945	361	2	,	,	PUNCT
cblr-10945	361	3	the	the	DET
cblr-10945	361	4	description	description	NOUN
cblr-10945	361	5	of	of	ADP
cblr-10945	361	6	the	the	DET
cblr-10945	361	7	security	security	NOUN
cblr-10945	361	8	could	could	AUX
cblr-10945	361	9	begin	begin	VERB
cblr-10945	361	10	with	with	ADP
cblr-10945	361	11	a	a	DET
cblr-10945	361	12	short	short	ADJ
cblr-10945	361	13	sentence	sentence	NOUN
cblr-10945	361	14	informing	inform	VERB
cblr-10945	361	15	investors	investor	NOUN
cblr-10945	361	16	that	that	SCONJ
cblr-10945	361	17	they	they	PRON
cblr-10945	361	18	will	will	AUX
cblr-10945	361	19	not	not	PART
cblr-10945	361	20	be	be	AUX
cblr-10945	361	21	purchasing	purchase	VERB
cblr-10945	361	22	any	any	DET
cblr-10945	361	23	equity	equity	NOUN
cblr-10945	361	24	stake	stake	NOUN
cblr-10945	361	25	in	in	ADP
cblr-10945	361	26	the	the	DET
cblr-10945	361	27	operating	operate	VERB
cblr-10945	361	28	company	company	NOUN
cblr-10945	361	29	and	and	CCONJ
cblr-10945	361	30	providing	provide	VERB
cblr-10945	361	31	links	link	NOUN
cblr-10945	361	32	for	for	ADP
cblr-10945	361	33	resources	resource	NOUN
cblr-10945	361	34	to	to	PART
cblr-10945	361	35	learn	learn	VERB
cblr-10945	361	36	more	more	ADJ
cblr-10945	361	37	(	(	PUNCT
cblr-10945	361	38	likely	likely	ADJ
cblr-10945	361	39	the	the	DET
cblr-10945	361	40	company	company	NOUN
cblr-10945	361	41	’s	’s	PART
cblr-10945	361	42	own	own	ADJ
cblr-10945	361	43	disclosure	disclosure	NOUN
cblr-10945	361	44	documents	document	NOUN
cblr-10945	361	45	or	or	CCONJ
cblr-10945	361	46	agency	agency	NOUN
cblr-10945	361	47	-	-	PUNCT
cblr-10945	361	48	published	publish	VERB
cblr-10945	361	49	materials	material	NOUN
cblr-10945	361	50	on	on	ADP
cblr-10945	361	51	vies	vie	NOUN
cblr-10945	361	52	generally	generally	ADV
cblr-10945	361	53	)	)	PUNCT
cblr-10945	361	54	.	.	PUNCT
cblr-10945	362	1	however	however	ADV
cblr-10945	362	2	,	,	PUNCT
cblr-10945	362	3	copying	copy	VERB
cblr-10945	362	4	the	the	DET
cblr-10945	362	5	schedule	schedule	NOUN
cblr-10945	362	6	15	15	NUM
cblr-10945	362	7	g	g	NOUN
cblr-10945	362	8	strategy	strategy	NOUN
cblr-10945	362	9	for	for	ADP
cblr-10945	362	10	penny	penny	NOUN
cblr-10945	362	11	stocks	stock	NOUN
cblr-10945	362	12	would	would	AUX
cblr-10945	362	13	likely	likely	ADV
cblr-10945	362	14	prove	prove	VERB
cblr-10945	362	15	ineffective	ineffective	ADJ
cblr-10945	362	16	because	because	SCONJ
cblr-10945	362	17	the	the	DET
cblr-10945	362	18	schedule	schedule	NOUN
cblr-10945	362	19	15	15	NUM
cblr-10945	362	20	g	g	NOUN
cblr-10945	362	21	strategy	strategy	NOUN
cblr-10945	362	22	protects	protect	VERB
cblr-10945	362	23	customers	customer	NOUN
cblr-10945	362	24	from	from	ADP
cblr-10945	362	25	their	their	PRON
cblr-10945	362	26	brokers	broker	NOUN
cblr-10945	362	27	as	as	ADV
cblr-10945	362	28	much	much	ADV
cblr-10945	362	29	as	as	ADP
cblr-10945	362	30	from	from	ADP
cblr-10945	362	31	the	the	DET
cblr-10945	362	32	securities	security	NOUN
cblr-10945	362	33	themselves.169	themselves.169	PROPN
cblr-10945	362	34	here	here	ADV
cblr-10945	362	35	,	,	PUNCT
cblr-10945	362	36	the	the	DET
cblr-10945	362	37	investor	investor	NOUN
cblr-10945	362	38	is	be	AUX
cblr-10945	362	39	likely	likely	ADJ
cblr-10945	362	40	not	not	PART
cblr-10945	362	41	operating	operate	VERB
cblr-10945	362	42	through	through	ADP
cblr-10945	362	43	a	a	DET
cblr-10945	362	44	broker	broker	NOUN
cblr-10945	362	45	at	at	ADV
cblr-10945	362	46	all	all	ADV
cblr-10945	362	47	,	,	PUNCT
cblr-10945	362	48	and	and	CCONJ
cblr-10945	362	49	if	if	SCONJ
cblr-10945	362	50	he	he	PRON
cblr-10945	362	51	is	be	AUX
cblr-10945	362	52	,	,	PUNCT
cblr-10945	362	53	it	it	PRON
cblr-10945	362	54	is	be	AUX
cblr-10945	362	55	unlikely	unlikely	ADJ
cblr-10945	362	56	that	that	SCONJ
cblr-10945	362	57	the	the	DET
cblr-10945	362	58	broker	broker	NOUN
cblr-10945	362	59	is	be	AUX
cblr-10945	362	60	specifically	specifically	ADV
cblr-10945	362	61	pushing	push	VERB
cblr-10945	362	62	vie	vie	NOUN
cblr-10945	362	63	shares	share	NOUN
cblr-10945	362	64	on	on	ADP
cblr-10945	362	65	customers	customer	NOUN
cblr-10945	362	66	.	.	PUNCT
cblr-10945	363	1	the	the	DET
cblr-10945	363	2	sec	sec	PROPN
cblr-10945	363	3	should	should	AUX
cblr-10945	363	4	thus	thus	ADV
cblr-10945	363	5	tailor	tailor	VERB
cblr-10945	363	6	the	the	DET
cblr-10945	363	7	rules	rule	NOUN
cblr-10945	363	8	to	to	ADP
cblr-10945	363	9	the	the	DET
cblr-10945	363	10	reality	reality	NOUN
cblr-10945	363	11	of	of	ADP
cblr-10945	363	12	today	today	NOUN
cblr-10945	363	13	’s	’s	PART
cblr-10945	363	14	capital	capital	NOUN
cblr-10945	363	15	marketplace	marketplace	NOUN
cblr-10945	363	16	,	,	PUNCT
cblr-10945	363	17	and	and	CCONJ
cblr-10945	363	18	that	that	PRON
cblr-10945	363	19	means	mean	VERB
cblr-10945	363	20	ensuring	ensure	VERB
cblr-10945	363	21	that	that	SCONJ
cblr-10945	363	22	online	online	ADJ
cblr-10945	363	23	platforms	platform	NOUN
cblr-10945	363	24	adequately	adequately	ADV
cblr-10945	363	25	represent	represent	VERB
cblr-10945	363	26	the	the	DET
cblr-10945	363	27	securities	security	NOUN
cblr-10945	363	28	that	that	PRON
cblr-10945	363	29	are	be	AUX
cblr-10945	363	30	available	available	ADJ
cblr-10945	363	31	for	for	ADP
cblr-10945	363	32	trading	trading	NOUN
cblr-10945	363	33	.	.	PUNCT
cblr-10945	364	1	this	this	DET
cblr-10945	364	2	strategy	strategy	NOUN
cblr-10945	364	3	is	be	AUX
cblr-10945	364	4	less	less	ADV
cblr-10945	364	5	costly	costly	ADJ
cblr-10945	364	6	than	than	ADP
cblr-10945	364	7	many	many	ADJ
cblr-10945	364	8	of	of	ADP
cblr-10945	364	9	the	the	DET
cblr-10945	364	10	current	current	ADJ
cblr-10945	364	11	disclosure	disclosure	NOUN
cblr-10945	364	12	requirements	requirement	NOUN
cblr-10945	364	13	.	.	PUNCT
cblr-10945	365	1	the	the	DET
cblr-10945	365	2	current	current	ADJ
cblr-10945	365	3	disclosure	disclosure	NOUN
cblr-10945	365	4	regime	regime	NOUN
cblr-10945	365	5	is	be	AUX
cblr-10945	365	6	incredibly	incredibly	ADV
cblr-10945	365	7	costly	costly	ADJ
cblr-10945	365	8	for	for	ADP
cblr-10945	365	9	issuers	issuer	NOUN
cblr-10945	365	10	,	,	PUNCT
cblr-10945	365	11	requiring	require	VERB
cblr-10945	365	12	many	many	ADJ
cblr-10945	365	13	man	man	NOUN
cblr-10945	365	14	-	-	PUNCT
cblr-10945	365	15	hours	hour	NOUN
cblr-10945	365	16	to	to	PART
cblr-10945	365	17	compile	compile	VERB
cblr-10945	365	18	and	and	CCONJ
cblr-10945	365	19	publish	publish	VERB
cblr-10945	365	20	the	the	DET
cblr-10945	365	21	required	require	VERB
cblr-10945	365	22	data.170	data.170	PROPN
cblr-10945	365	23	instead	instead	ADV
cblr-10945	365	24	of	of	ADP
cblr-10945	365	25	requiring	require	VERB
cblr-10945	365	26	166	166	NUM
cblr-10945	365	27	langevoort	langevoort	NOUN
cblr-10945	365	28	,	,	PUNCT
cblr-10945	365	29	supra	supra	PROPN
cblr-10945	365	30	note	note	NOUN
cblr-10945	365	31	131	131	NUM
cblr-10945	365	32	,	,	PUNCT
cblr-10945	365	33	at	at	ADP
cblr-10945	365	34	693	693	NUM
cblr-10945	365	35	.	.	PUNCT
cblr-10945	365	36	167	167	NUM
cblr-10945	365	37	raj	raj	PROPN
cblr-10945	365	38	chetty	chetty	PROPN
cblr-10945	365	39	,	,	PUNCT
cblr-10945	365	40	adam	adam	PROPN
cblr-10945	365	41	looney	looney	PROPN
cblr-10945	365	42	&	&	CCONJ
cblr-10945	365	43	kory	kory	PROPN
cblr-10945	365	44	kroft	kroft	PROPN
cblr-10945	365	45	,	,	PUNCT
cblr-10945	365	46	salience	salience	NOUN
cblr-10945	365	47	and	and	CCONJ
cblr-10945	365	48	taxation	taxation	NOUN
cblr-10945	365	49	:	:	PUNCT
cblr-10945	365	50	theory	theory	NOUN
cblr-10945	365	51	and	and	CCONJ
cblr-10945	365	52	evidence	evidence	NOUN
cblr-10945	365	53	,	,	PUNCT
cblr-10945	365	54	99	99	NUM
cblr-10945	365	55	am	am	NOUN
cblr-10945	365	56	.	.	PUNCT
cblr-10945	366	1	econ	econ	PROPN
cblr-10945	366	2	.	.	PUNCT
cblr-10945	367	1	rev	rev	PROPN
cblr-10945	367	2	.	.	PROPN
cblr-10945	367	3	1145	1145	NUM
cblr-10945	367	4	,	,	PUNCT
cblr-10945	367	5	1163	1163	NUM
cblr-10945	367	6	(	(	PUNCT
cblr-10945	367	7	2009	2009	NUM
cblr-10945	367	8	)	)	PUNCT
cblr-10945	367	9	.	.	PUNCT
cblr-10945	368	1	168	168	NUM
cblr-10945	368	2	sunstein	sunstein	NOUN
cblr-10945	368	3	,	,	PUNCT
cblr-10945	368	4	supra	supra	PROPN
cblr-10945	368	5	note	note	NOUN
cblr-10945	368	6	162	162	NUM
cblr-10945	368	7	,	,	PUNCT
cblr-10945	368	8	at	at	ADP
cblr-10945	368	9	1383	1383	NUM
cblr-10945	368	10	.	.	PUNCT
cblr-10945	369	1	169	169	NUM
cblr-10945	369	2	17	17	NUM
cblr-10945	369	3	c.f.r	c.f.r	NOUN
cblr-10945	369	4	.	.	PUNCT
cblr-10945	370	1	§	§	PROPN
cblr-10945	370	2	240.15g-100	240.15g-100	NUM
cblr-10945	370	3	(	(	PUNCT
cblr-10945	370	4	2005	2005	NUM
cblr-10945	370	5	)	)	PUNCT
cblr-10945	370	6	.	.	PUNCT
cblr-10945	371	1	170	170	NUM
cblr-10945	371	2	william	william	PROPN
cblr-10945	371	3	m.	m.	NOUN
cblr-10945	371	4	sage	sage	NOUN
cblr-10945	371	5	,	,	PUNCT
cblr-10945	371	6	regulating	regulate	VERB
cblr-10945	371	7	through	through	ADP
cblr-10945	371	8	information	information	NOUN
cblr-10945	371	9	:	:	PUNCT
cblr-10945	371	10	disclosure	disclosure	NOUN
cblr-10945	371	11	laws	law	NOUN
cblr-10945	371	12	and	and	CCONJ
cblr-10945	371	13	american	american	ADJ
cblr-10945	371	14	health	health	PROPN
cblr-10945	371	15	care	care	NOUN
cblr-10945	371	16	,	,	PUNCT
cblr-10945	371	17	99	99	NUM
cblr-10945	371	18	colum	colum	NOUN
cblr-10945	371	19	.	.	PUNCT
cblr-10945	372	1	l.	l.	PROPN
cblr-10945	372	2	rev	rev	PROPN
cblr-10945	372	3	.	.	PROPN
cblr-10945	372	4	1701	1701	NUM
cblr-10945	372	5	,	,	PUNCT
cblr-10945	372	6	1721–22	1721–22	NUM
cblr-10945	372	7	(	(	PUNCT
cblr-10945	372	8	1999	1999	NUM
cblr-10945	372	9	)	)	PUNCT
cblr-10945	372	10	.	.	PUNCT
cblr-10945	373	1	no	no	INTJ
cblr-10945	373	2	.	.	PUNCT
cblr-10945	374	1	2:1066	2:1066	NUM
cblr-10945	374	2	]	]	PUNCT
cblr-10945	374	3	the	the	DET
cblr-10945	374	4	sec	sec	PROPN
cblr-10945	374	5	’s	’s	PART
cblr-10945	374	6	vie	vie	PROPN
cblr-10945	374	7	problem	problem	PROPN
cblr-10945	374	8	1095	1095	NUM
cblr-10945	374	9	companies	company	NOUN
cblr-10945	374	10	to	to	PART
cblr-10945	374	11	hire	hire	VERB
cblr-10945	374	12	teams	team	NOUN
cblr-10945	374	13	of	of	ADP
cblr-10945	374	14	accountants	accountant	NOUN
cblr-10945	374	15	and	and	CCONJ
cblr-10945	374	16	attorneys	attorney	NOUN
cblr-10945	374	17	to	to	PART
cblr-10945	374	18	comply	comply	VERB
cblr-10945	374	19	with	with	ADP
cblr-10945	374	20	disclosure	disclosure	NOUN
cblr-10945	374	21	regulations	regulation	NOUN
cblr-10945	374	22	,	,	PUNCT
cblr-10945	374	23	here	here	ADV
cblr-10945	374	24	,	,	PUNCT
cblr-10945	374	25	platforms	platform	NOUN
cblr-10945	374	26	and	and	CCONJ
cblr-10945	374	27	brokers	broker	NOUN
cblr-10945	374	28	would	would	AUX
cblr-10945	374	29	need	need	VERB
cblr-10945	374	30	only	only	ADV
cblr-10945	374	31	add	add	VERB
cblr-10945	374	32	a	a	DET
cblr-10945	374	33	short	short	ADJ
cblr-10945	374	34	sentence	sentence	NOUN
cblr-10945	374	35	or	or	CCONJ
cblr-10945	374	36	label	label	NOUN
cblr-10945	374	37	to	to	ADP
cblr-10945	374	38	certain	certain	ADJ
cblr-10945	374	39	products	product	NOUN
cblr-10945	374	40	.	.	PUNCT
cblr-10945	375	1	the	the	DET
cblr-10945	375	2	warning	warning	NOUN
cblr-10945	375	3	would	would	AUX
cblr-10945	375	4	be	be	AUX
cblr-10945	375	5	a	a	DET
cblr-10945	375	6	pre	pre	ADJ
cblr-10945	375	7	-	-	ADJ
cblr-10945	375	8	written	written	ADJ
cblr-10945	375	9	risk	risk	NOUN
cblr-10945	375	10	summary	summary	NOUN
cblr-10945	375	11	written	write	VERB
cblr-10945	375	12	by	by	ADP
cblr-10945	375	13	the	the	DET
cblr-10945	375	14	sec	sec	PROPN
cblr-10945	375	15	with	with	ADP
cblr-10945	375	16	specific	specific	ADJ
cblr-10945	375	17	securities	security	NOUN
cblr-10945	375	18	flagged	flag	VERB
cblr-10945	375	19	by	by	ADP
cblr-10945	375	20	the	the	DET
cblr-10945	375	21	agency	agency	NOUN
cblr-10945	375	22	.	.	PUNCT
cblr-10945	376	1	the	the	DET
cblr-10945	376	2	sec	sec	PROPN
cblr-10945	376	3	should	should	AUX
cblr-10945	376	4	limit	limit	VERB
cblr-10945	376	5	these	these	DET
cblr-10945	376	6	platform	platform	NOUN
cblr-10945	376	7	-	-	PUNCT
cblr-10945	376	8	issued	issue	VERB
cblr-10945	376	9	disclosures	disclosure	NOUN
cblr-10945	376	10	in	in	ADP
cblr-10945	376	11	both	both	PRON
cblr-10945	376	12	length	length	NOUN
cblr-10945	376	13	and	and	CCONJ
cblr-10945	376	14	number	number	NOUN
cblr-10945	376	15	.	.	PUNCT
cblr-10945	377	1	customers	customer	NOUN
cblr-10945	377	2	should	should	AUX
cblr-10945	377	3	not	not	PART
cblr-10945	377	4	be	be	AUX
cblr-10945	377	5	inundated	inundate	VERB
cblr-10945	377	6	at	at	ADP
cblr-10945	377	7	the	the	DET
cblr-10945	377	8	point	point	NOUN
cblr-10945	377	9	of	of	ADP
cblr-10945	377	10	sale	sale	NOUN
cblr-10945	377	11	(	(	PUNCT
cblr-10945	377	12	like	like	INTJ
cblr-10945	377	13	they	they	PRON
cblr-10945	377	14	are	be	AUX
cblr-10945	377	15	when	when	SCONJ
cblr-10945	377	16	reading	read	VERB
cblr-10945	377	17	sec	sec	PROPN
cblr-10945	377	18	filings	filing	NOUN
cblr-10945	377	19	)	)	PUNCT
cblr-10945	377	20	—	—	PUNCT
cblr-10945	377	21	otherwise	otherwise	ADV
cblr-10945	377	22	,	,	PUNCT
cblr-10945	377	23	the	the	DET
cblr-10945	377	24	disclosure	disclosure	NOUN
cblr-10945	377	25	’s	’s	PART
cblr-10945	377	26	purpose	purpose	NOUN
cblr-10945	377	27	is	be	AUX
cblr-10945	377	28	undone	undo	VERB
cblr-10945	377	29	.	.	PUNCT
cblr-10945	378	1	if	if	SCONJ
cblr-10945	378	2	platforms	platform	NOUN
cblr-10945	378	3	require	require	VERB
cblr-10945	378	4	traders	trader	NOUN
cblr-10945	378	5	to	to	PART
cblr-10945	378	6	review	review	VERB
cblr-10945	378	7	a	a	DET
cblr-10945	378	8	dense	dense	ADJ
cblr-10945	378	9	,	,	PUNCT
cblr-10945	378	10	lengthy	lengthy	ADJ
cblr-10945	378	11	form	form	NOUN
cblr-10945	378	12	disclosure	disclosure	NOUN
cblr-10945	378	13	before	before	ADP
cblr-10945	378	14	every	every	DET
cblr-10945	378	15	trade	trade	NOUN
cblr-10945	378	16	,	,	PUNCT
cblr-10945	378	17	investors	investor	NOUN
cblr-10945	378	18	will	will	AUX
cblr-10945	378	19	learn	learn	VERB
cblr-10945	378	20	to	to	PART
cblr-10945	378	21	ignore	ignore	VERB
cblr-10945	378	22	it	it	PRON
cblr-10945	378	23	,	,	PUNCT
cblr-10945	378	24	rendering	render	VERB
cblr-10945	378	25	the	the	DET
cblr-10945	378	26	warning	warning	NOUN
cblr-10945	378	27	useless.171	useless.171	VERB
cblr-10945	378	28	the	the	DET
cblr-10945	378	29	disclosure	disclosure	NOUN
cblr-10945	378	30	warnings	warning	NOUN
cblr-10945	378	31	issued	issue	VERB
cblr-10945	378	32	by	by	ADP
cblr-10945	378	33	platforms	platform	NOUN
cblr-10945	378	34	should	should	AUX
cblr-10945	378	35	be	be	AUX
cblr-10945	378	36	limited	limit	VERB
cblr-10945	378	37	to	to	ADP
cblr-10945	378	38	only	only	ADV
cblr-10945	378	39	unique	unique	ADJ
cblr-10945	378	40	,	,	PUNCT
cblr-10945	378	41	class	class	NOUN
cblr-10945	378	42	-	-	PUNCT
cblr-10945	378	43	based	base	VERB
cblr-10945	378	44	characteristics	characteristic	NOUN
cblr-10945	378	45	which	which	PRON
cblr-10945	378	46	pose	pose	VERB
cblr-10945	378	47	great	great	ADJ
cblr-10945	378	48	risk	risk	NOUN
cblr-10945	378	49	to	to	ADP
cblr-10945	378	50	investors	investor	NOUN
cblr-10945	378	51	and	and	CCONJ
cblr-10945	378	52	are	be	AUX
cblr-10945	378	53	not	not	PART
cblr-10945	378	54	commonly	commonly	ADV
cblr-10945	378	55	known	know	VERB
cblr-10945	378	56	.	.	PUNCT
cblr-10945	379	1	the	the	DET
cblr-10945	379	2	vie	vie	PROPN
cblr-10945	379	3	structure	structure	NOUN
cblr-10945	379	4	and	and	CCONJ
cblr-10945	379	5	lack	lack	NOUN
cblr-10945	379	6	of	of	ADP
cblr-10945	379	7	pcaob	pcaob	NOUN
cblr-10945	379	8	oversight	oversight	NOUN
cblr-10945	379	9	are	be	AUX
cblr-10945	379	10	exactly	exactly	ADV
cblr-10945	379	11	the	the	DET
cblr-10945	379	12	type	type	NOUN
cblr-10945	379	13	of	of	ADP
cblr-10945	379	14	risks	risk	NOUN
cblr-10945	379	15	that	that	PRON
cblr-10945	379	16	would	would	AUX
cblr-10945	379	17	qualify	qualify	VERB
cblr-10945	379	18	for	for	ADP
cblr-10945	379	19	platform	platform	NOUN
cblr-10945	379	20	-	-	PUNCT
cblr-10945	379	21	issued	issue	VERB
cblr-10945	379	22	disclosures	disclosure	NOUN
cblr-10945	379	23	.	.	PUNCT
cblr-10945	380	1	the	the	DET
cblr-10945	380	2	sec	sec	PROPN
cblr-10945	380	3	put	put	VERB
cblr-10945	380	4	a	a	DET
cblr-10945	380	5	pause	pause	NOUN
cblr-10945	380	6	on	on	ADP
cblr-10945	380	7	new	new	ADJ
cblr-10945	380	8	china	china	PROPN
cblr-10945	380	9	-	-	PUNCT
cblr-10945	380	10	based	base	VERB
cblr-10945	380	11	listings	listing	NOUN
cblr-10945	380	12	while	while	SCONJ
cblr-10945	380	13	it	it	PRON
cblr-10945	380	14	refined	refine	VERB
cblr-10945	380	15	disclosure	disclosure	NOUN
cblr-10945	380	16	requirements	requirement	NOUN
cblr-10945	380	17	,	,	PUNCT
cblr-10945	380	18	and	and	CCONJ
cblr-10945	380	19	congress	congress	PROPN
cblr-10945	380	20	has	have	AUX
cblr-10945	380	21	even	even	ADV
cblr-10945	380	22	acted	act	VERB
cblr-10945	380	23	to	to	ADP
cblr-10945	380	24	delist	delist	ADJ
cblr-10945	380	25	securities	security	NOUN
cblr-10945	380	26	in	in	ADP
cblr-10945	380	27	the	the	DET
cblr-10945	380	28	future	future	NOUN
cblr-10945	380	29	if	if	SCONJ
cblr-10945	380	30	china	china	PROPN
cblr-10945	380	31	does	do	AUX
cblr-10945	380	32	not	not	PART
cblr-10945	380	33	change	change	VERB
cblr-10945	380	34	its	its	PRON
cblr-10945	380	35	policy.172	policy.172	NOUN
cblr-10945	380	36	these	these	DET
cblr-10945	380	37	issues	issue	NOUN
cblr-10945	380	38	are	be	AUX
cblr-10945	380	39	complex	complex	ADJ
cblr-10945	380	40	and	and	CCONJ
cblr-10945	380	41	arcane	arcane	ADJ
cblr-10945	380	42	,	,	PUNCT
cblr-10945	380	43	and	and	CCONJ
cblr-10945	380	44	the	the	DET
cblr-10945	380	45	securities	security	NOUN
cblr-10945	380	46	at	at	ADP
cblr-10945	380	47	issue	issue	NOUN
cblr-10945	380	48	involve	involve	VERB
cblr-10945	380	49	some	some	PRON
cblr-10945	380	50	of	of	ADP
cblr-10945	380	51	the	the	DET
cblr-10945	380	52	largest	large	ADJ
cblr-10945	380	53	companies	company	NOUN
cblr-10945	380	54	from	from	ADP
cblr-10945	380	55	one	one	NUM
cblr-10945	380	56	of	of	ADP
cblr-10945	380	57	the	the	DET
cblr-10945	380	58	world	world	NOUN
cblr-10945	380	59	’s	’s	PART
cblr-10945	380	60	largest	large	ADJ
cblr-10945	380	61	and	and	CCONJ
cblr-10945	380	62	fastest	fast	ADV
cblr-10945	380	63	-	-	PUNCT
cblr-10945	380	64	growing	grow	VERB
cblr-10945	380	65	economies	economy	NOUN
cblr-10945	380	66	.	.	PUNCT
cblr-10945	381	1	there	there	PRON
cblr-10945	381	2	is	be	VERB
cblr-10945	381	3	a	a	DET
cblr-10945	381	4	real	real	ADJ
cblr-10945	381	5	disconnect	disconnect	NOUN
cblr-10945	381	6	between	between	ADP
cblr-10945	381	7	these	these	DET
cblr-10945	381	8	operating	operate	VERB
cblr-10945	381	9	companies	company	NOUN
cblr-10945	381	10	’	'	PUNCT
cblr-10945	381	11	appeal	appeal	VERB
cblr-10945	381	12	hold	hold	NOUN
cblr-10945	381	13	and	and	CCONJ
cblr-10945	381	14	lay	lie	VERB
cblr-10945	381	15	knowledge	knowledge	NOUN
cblr-10945	381	16	of	of	ADP
cblr-10945	381	17	their	their	PRON
cblr-10945	381	18	investing	investing	NOUN
cblr-10945	381	19	risks	risk	NOUN
cblr-10945	381	20	.	.	PUNCT
cblr-10945	382	1	yet	yet	ADV
cblr-10945	382	2	the	the	DET
cblr-10945	382	3	sec	sec	PROPN
cblr-10945	382	4	is	be	AUX
cblr-10945	382	5	not	not	PART
cblr-10945	382	6	moving	move	VERB
cblr-10945	382	7	in	in	ADP
cblr-10945	382	8	this	this	DET
cblr-10945	382	9	direction	direction	NOUN
cblr-10945	382	10	at	at	ADV
cblr-10945	382	11	all	all	ADV
cblr-10945	382	12	.	.	PUNCT
cblr-10945	383	1	despite	despite	SCONJ
cblr-10945	383	2	the	the	DET
cblr-10945	383	3	penny	penny	NOUN
cblr-10945	383	4	stock	stock	NOUN
cblr-10945	383	5	example	example	NOUN
cblr-10945	383	6	,	,	PUNCT
cblr-10945	383	7	the	the	DET
cblr-10945	383	8	agency	agency	NOUN
cblr-10945	383	9	has	have	AUX
cblr-10945	383	10	made	make	VERB
cblr-10945	383	11	little	little	ADJ
cblr-10945	383	12	effort	effort	NOUN
cblr-10945	383	13	to	to	PART
cblr-10945	383	14	bring	bring	VERB
cblr-10945	383	15	disclosure	disclosure	NOUN
cblr-10945	383	16	to	to	ADP
cblr-10945	383	17	retail	retail	ADJ
cblr-10945	383	18	investors	investor	NOUN
cblr-10945	383	19	in	in	ADP
cblr-10945	383	20	ways	way	NOUN
cblr-10945	383	21	other	other	ADJ
cblr-10945	383	22	than	than	ADP
cblr-10945	383	23	through	through	ADP
cblr-10945	383	24	traditional	traditional	ADJ
cblr-10945	383	25	filings	filing	NOUN
cblr-10945	383	26	,	,	PUNCT
cblr-10945	383	27	even	even	ADV
cblr-10945	383	28	with	with	ADP
cblr-10945	383	29	the	the	DET
cblr-10945	383	30	full	full	ADJ
cblr-10945	383	31	knowledge	knowledge	NOUN
cblr-10945	383	32	that	that	SCONJ
cblr-10945	383	33	it	it	PRON
cblr-10945	383	34	is	be	AUX
cblr-10945	383	35	often	often	ADV
cblr-10945	383	36	171	171	NUM
cblr-10945	383	37	see	see	NOUN
cblr-10945	383	38	,	,	PUNCT
cblr-10945	383	39	e.g.	e.g.	ADV
cblr-10945	383	40	,	,	PUNCT
cblr-10945	383	41	herbert	herbert	PROPN
cblr-10945	383	42	a.	a.	PROPN
cblr-10945	383	43	simon	simon	PROPN
cblr-10945	383	44	,	,	PUNCT
cblr-10945	383	45	a	a	DET
cblr-10945	383	46	behavioral	behavioral	ADJ
cblr-10945	383	47	model	model	NOUN
cblr-10945	383	48	of	of	ADP
cblr-10945	383	49	rational	rational	ADJ
cblr-10945	383	50	choice	choice	NOUN
cblr-10945	383	51	,	,	PUNCT
cblr-10945	383	52	69	69	NUM
cblr-10945	383	53	q.j	q.j	PROPN
cblr-10945	383	54	.	.	PROPN
cblr-10945	383	55	econ	econ	PROPN
cblr-10945	383	56	.	.	PUNCT
cblr-10945	384	1	99	99	NUM
cblr-10945	384	2	,	,	PUNCT
cblr-10945	384	3	101	101	NUM
cblr-10945	384	4	(	(	PUNCT
cblr-10945	384	5	1955	1955	NUM
cblr-10945	384	6	)	)	PUNCT
cblr-10945	384	7	;	;	PUNCT
cblr-10945	384	8	brad	brad	PROPN
cblr-10945	384	9	tuttle	tuttle	PROPN
cblr-10945	384	10	&	&	CCONJ
cblr-10945	384	11	f.	f.	PROPN
cblr-10945	384	12	greg	greg	PROPN
cblr-10945	384	13	burton	burton	PROPN
cblr-10945	384	14	,	,	PUNCT
cblr-10945	384	15	the	the	DET
cblr-10945	384	16	effects	effect	NOUN
cblr-10945	384	17	of	of	ADP
cblr-10945	384	18	a	a	DET
cblr-10945	384	19	modest	modest	ADJ
cblr-10945	384	20	incentive	incentive	NOUN
cblr-10945	384	21	on	on	ADP
cblr-10945	384	22	information	information	NOUN
cblr-10945	384	23	overload	overload	NOUN
cblr-10945	384	24	in	in	ADP
cblr-10945	384	25	an	an	DET
cblr-10945	384	26	investment	investment	NOUN
cblr-10945	384	27	analysis	analysis	NOUN
cblr-10945	384	28	task	task	NOUN
cblr-10945	384	29	,	,	PUNCT
cblr-10945	384	30	24	24	NUM
cblr-10945	384	31	acct	acct	NOUN
cblr-10945	384	32	.	.	PUNCT
cblr-10945	384	33	,	,	PUNCT
cblr-10945	384	34	org	org	PROPN
cblr-10945	384	35	.	.	PROPN
cblr-10945	384	36	&	&	CCONJ
cblr-10945	384	37	society	society	PROPN
cblr-10945	384	38	673	673	NUM
cblr-10945	384	39	,	,	PUNCT
cblr-10945	384	40	674	674	NUM
cblr-10945	384	41	(	(	PUNCT
cblr-10945	384	42	1999	1999	NUM
cblr-10945	384	43	)	)	PUNCT
cblr-10945	384	44	;	;	PUNCT
cblr-10945	384	45	richard	richard	PROPN
cblr-10945	384	46	e.	e.	PROPN
cblr-10945	384	47	nisbett	nisbett	PROPN
cblr-10945	384	48	,	,	PUNCT
cblr-10945	384	49	henry	henry	PROPN
cblr-10945	384	50	zukier	zukier	PROPN
cblr-10945	384	51	&	&	CCONJ
cblr-10945	384	52	ronald	ronald	PROPN
cblr-10945	384	53	e.	e.	PROPN
cblr-10945	384	54	lemley	lemley	PROPN
cblr-10945	384	55	,	,	PUNCT
cblr-10945	384	56	the	the	DET
cblr-10945	384	57	dilution	dilution	NOUN
cblr-10945	384	58	effect	effect	NOUN
cblr-10945	384	59	:	:	PUNCT
cblr-10945	384	60	nondiagnostic	nondiagnostic	ADJ
cblr-10945	384	61	information	information	NOUN
cblr-10945	384	62	weakens	weaken	VERB
cblr-10945	384	63	the	the	DET
cblr-10945	384	64	implications	implication	NOUN
cblr-10945	384	65	of	of	ADP
cblr-10945	384	66	diagnostic	diagnostic	ADJ
cblr-10945	384	67	information	information	NOUN
cblr-10945	384	68	,	,	PUNCT
cblr-10945	384	69	13	13	NUM
cblr-10945	384	70	cognitive	cognitive	ADJ
cblr-10945	384	71	psychol	psychol	NOUN
cblr-10945	384	72	.	.	PUNCT
cblr-10945	384	73	248	248	NUM
cblr-10945	384	74	,	,	PUNCT
cblr-10945	384	75	248	248	NUM
cblr-10945	384	76	(	(	PUNCT
cblr-10945	384	77	1981	1981	NUM
cblr-10945	384	78	)	)	PUNCT
cblr-10945	384	79	;	;	PUNCT
cblr-10945	384	80	philip	philip	PROPN
cblr-10945	384	81	e.	e.	PROPN
cblr-10945	384	82	tetlock	tetlock	PROPN
cblr-10945	384	83	&	&	CCONJ
cblr-10945	384	84	richard	richard	PROPN
cblr-10945	384	85	boettger	boettger	NOUN
cblr-10945	384	86	,	,	PUNCT
cblr-10945	384	87	accountability	accountability	NOUN
cblr-10945	384	88	:	:	PUNCT
cblr-10945	384	89	a	a	DET
cblr-10945	384	90	social	social	ADJ
cblr-10945	384	91	magnifier	magnifier	NOUN
cblr-10945	384	92	of	of	ADP
cblr-10945	384	93	the	the	DET
cblr-10945	384	94	dilution	dilution	NOUN
cblr-10945	384	95	effect	effect	NOUN
cblr-10945	384	96	,	,	PUNCT
cblr-10945	384	97	57	57	NUM
cblr-10945	384	98	j.	j.	PROPN
cblr-10945	384	99	personality	personality	PROPN
cblr-10945	384	100	&	&	CCONJ
cblr-10945	384	101	soc	soc	PROPN
cblr-10945	384	102	.	.	PUNCT
cblr-10945	385	1	psychol	psychol	NOUN
cblr-10945	385	2	.	.	PUNCT
cblr-10945	386	1	388	388	NUM
cblr-10945	386	2	(	(	PUNCT
cblr-10945	386	3	1989	1989	NUM
cblr-10945	386	4	)	)	PUNCT
cblr-10945	386	5	(	(	PUNCT
cblr-10945	386	6	discussing	discuss	VERB
cblr-10945	386	7	the	the	DET
cblr-10945	386	8	“	"	PUNCT
cblr-10945	386	9	dilution	dilution	NOUN
cblr-10945	386	10	effect	effect	NOUN
cblr-10945	386	11	”	"	PUNCT
cblr-10945	386	12	)	)	PUNCT
cblr-10945	386	13	.	.	PUNCT
cblr-10945	387	1	172	172	NUM
cblr-10945	387	2	15	15	NUM
cblr-10945	387	3	u.s.c	u.s.c	NOUN
cblr-10945	387	4	.	.	PUNCT
cblr-10945	388	1	§	§	PROPN
cblr-10945	388	2	7214	7214	NUM
cblr-10945	388	3	(	(	PUNCT
cblr-10945	388	4	2020	2020	NUM
cblr-10945	388	5	)	)	PUNCT
cblr-10945	388	6	.	.	PUNCT
cblr-10945	389	1	1096	1096	NUM
cblr-10945	389	2	columbia	columbia	PROPN
cblr-10945	389	3	business	business	NOUN
cblr-10945	389	4	law	law	PROPN
cblr-10945	389	5	review	review	NOUN
cblr-10945	389	6	[	[	X
cblr-10945	389	7	vol	vol	NOUN
cblr-10945	389	8	.	.	PUNCT
cblr-10945	389	9	2022	2022	NUM
cblr-10945	389	10	only	only	ADV
cblr-10945	389	11	professional	professional	ADJ
cblr-10945	389	12	investors	investor	NOUN
cblr-10945	389	13	who	who	PRON
cblr-10945	389	14	actually	actually	ADV
cblr-10945	389	15	read	read	VERB
cblr-10945	389	16	these	these	DET
cblr-10945	389	17	documents	document	NOUN
cblr-10945	389	18	.	.	PUNCT
cblr-10945	390	1	the	the	DET
cblr-10945	390	2	agency	agency	NOUN
cblr-10945	390	3	simultaneously	simultaneously	ADV
cblr-10945	390	4	invokes	invoke	VERB
cblr-10945	390	5	retail	retail	ADJ
cblr-10945	390	6	investors	investor	NOUN
cblr-10945	390	7	while	while	SCONJ
cblr-10945	390	8	crafting	craft	VERB
cblr-10945	390	9	a	a	DET
cblr-10945	390	10	disclosure	disclosure	NOUN
cblr-10945	390	11	regime	regime	NOUN
cblr-10945	390	12	that	that	PRON
cblr-10945	390	13	ignores	ignore	VERB
cblr-10945	390	14	them	they	PRON
cblr-10945	390	15	.	.	PUNCT
cblr-10945	391	1	v.	v.	ADP
cblr-10945	391	2	conclusion	conclusion	NOUN
cblr-10945	391	3	the	the	DET
cblr-10945	391	4	sec	sec	PROPN
cblr-10945	391	5	’s	’s	PART
cblr-10945	391	6	rule	rule	NOUN
cblr-10945	391	7	changes	change	NOUN
cblr-10945	391	8	for	for	ADP
cblr-10945	391	9	vie	vie	PROPN
cblr-10945	391	10	disclosure	disclosure	PROPN
cblr-10945	391	11	introduced	introduce	VERB
cblr-10945	391	12	last	last	ADJ
cblr-10945	391	13	summer	summer	NOUN
cblr-10945	391	14	perfectly	perfectly	ADV
cblr-10945	391	15	encapsulate	encapsulate	VERB
cblr-10945	391	16	the	the	DET
cblr-10945	391	17	disconnect	disconnect	NOUN
cblr-10945	391	18	between	between	ADP
cblr-10945	391	19	the	the	DET
cblr-10945	391	20	agency	agency	NOUN
cblr-10945	391	21	’s	’s	PART
cblr-10945	391	22	rhetoric	rhetoric	NOUN
cblr-10945	391	23	and	and	CCONJ
cblr-10945	391	24	its	its	PRON
cblr-10945	391	25	actions	action	NOUN
cblr-10945	391	26	.	.	PUNCT
cblr-10945	392	1	when	when	SCONJ
cblr-10945	392	2	it	it	PRON
cblr-10945	392	3	determined	determine	VERB
cblr-10945	392	4	that	that	SCONJ
cblr-10945	392	5	the	the	DET
cblr-10945	392	6	structure	structure	NOUN
cblr-10945	392	7	’s	’s	PART
cblr-10945	392	8	details	detail	NOUN
cblr-10945	392	9	and	and	CCONJ
cblr-10945	392	10	risks	risk	NOUN
cblr-10945	392	11	were	be	AUX
cblr-10945	392	12	not	not	PART
cblr-10945	392	13	adequately	adequately	ADV
cblr-10945	392	14	disclosed	disclose	VERB
cblr-10945	392	15	to	to	ADP
cblr-10945	392	16	investors	investor	NOUN
cblr-10945	392	17	,	,	PUNCT
cblr-10945	392	18	the	the	DET
cblr-10945	392	19	sec	sec	PROPN
cblr-10945	392	20	invoked	invoke	VERB
cblr-10945	392	21	the	the	DET
cblr-10945	392	22	retail	retail	ADJ
cblr-10945	392	23	investors	investor	NOUN
cblr-10945	392	24	unlikely	unlikely	ADJ
cblr-10945	392	25	to	to	PART
cblr-10945	392	26	be	be	AUX
cblr-10945	392	27	affected	affect	VERB
cblr-10945	392	28	by	by	ADP
cblr-10945	392	29	any	any	DET
cblr-10945	392	30	change	change	NOUN
cblr-10945	392	31	in	in	ADP
cblr-10945	392	32	disclosure	disclosure	NOUN
cblr-10945	392	33	requirements	requirement	NOUN
cblr-10945	392	34	,	,	PUNCT
cblr-10945	392	35	not	not	PART
cblr-10945	392	36	the	the	DET
cblr-10945	392	37	institutional	institutional	ADJ
cblr-10945	392	38	investors	investor	NOUN
cblr-10945	392	39	who	who	PRON
cblr-10945	392	40	are	be	AUX
cblr-10945	392	41	most	most	ADV
cblr-10945	392	42	likely	likely	ADJ
cblr-10945	392	43	to	to	PART
cblr-10945	392	44	read	read	VERB
cblr-10945	392	45	the	the	DET
cblr-10945	392	46	documents	document	NOUN
cblr-10945	392	47	and	and	CCONJ
cblr-10945	392	48	use	use	VERB
cblr-10945	392	49	the	the	DET
cblr-10945	392	50	information	information	NOUN
cblr-10945	392	51	to	to	PART
cblr-10945	392	52	price	price	VERB
cblr-10945	392	53	the	the	DET
cblr-10945	392	54	securities	security	NOUN
cblr-10945	392	55	.	.	PUNCT
cblr-10945	393	1	the	the	DET
cblr-10945	393	2	sec	sec	PROPN
cblr-10945	393	3	has	have	AUX
cblr-10945	393	4	identified	identify	VERB
cblr-10945	393	5	the	the	DET
cblr-10945	393	6	vie	vie	PROPN
cblr-10945	393	7	structure	structure	NOUN
cblr-10945	393	8	as	as	ADP
cblr-10945	393	9	one	one	NUM
cblr-10945	393	10	with	with	ADP
cblr-10945	393	11	the	the	DET
cblr-10945	393	12	potential	potential	NOUN
cblr-10945	393	13	to	to	PART
cblr-10945	393	14	be	be	AUX
cblr-10945	393	15	particularly	particularly	ADV
cblr-10945	393	16	misleading	misleading	ADJ
cblr-10945	393	17	and	and	CCONJ
cblr-10945	393	18	risky	risky	ADJ
cblr-10945	393	19	for	for	ADP
cblr-10945	393	20	investors	investor	NOUN
cblr-10945	393	21	.	.	PUNCT
cblr-10945	394	1	instead	instead	ADV
cblr-10945	394	2	of	of	ADP
cblr-10945	394	3	engaging	engage	VERB
cblr-10945	394	4	in	in	ADP
cblr-10945	394	5	merit	merit	NOUN
cblr-10945	394	6	regulation	regulation	NOUN
cblr-10945	394	7	to	to	PART
cblr-10945	394	8	ban	ban	VERB
cblr-10945	394	9	the	the	DET
cblr-10945	394	10	structure	structure	NOUN
cblr-10945	394	11	’s	’s	PART
cblr-10945	394	12	use	use	NOUN
cblr-10945	394	13	in	in	ADP
cblr-10945	394	14	u.s	u.s	PROPN
cblr-10945	394	15	.	.	PROPN
cblr-10945	394	16	securities	security	NOUN
cblr-10945	394	17	market	market	NOUN
cblr-10945	394	18	or	or	CCONJ
cblr-10945	394	19	adopting	adopt	VERB
cblr-10945	394	20	a	a	DET
cblr-10945	394	21	new	new	ADJ
cblr-10945	394	22	,	,	PUNCT
cblr-10945	394	23	empiricallyinformed	empiricallyinforme	VERB
cblr-10945	394	24	approach	approach	NOUN
cblr-10945	394	25	to	to	ADP
cblr-10945	394	26	disclosure	disclosure	NOUN
cblr-10945	394	27	,	,	PUNCT
cblr-10945	394	28	which	which	PRON
cblr-10945	394	29	would	would	AUX
cblr-10945	394	30	reach	reach	VERB
cblr-10945	394	31	average	average	ADJ
cblr-10945	394	32	investors	investor	NOUN
cblr-10945	394	33	,	,	PUNCT
cblr-10945	394	34	the	the	DET
cblr-10945	394	35	agency	agency	NOUN
cblr-10945	394	36	continued	continue	VERB
cblr-10945	394	37	down	down	ADP
cblr-10945	394	38	its	its	PRON
cblr-10945	394	39	well	well	ADV
cblr-10945	394	40	-	-	PUNCT
cblr-10945	394	41	trodden	tread	VERB
cblr-10945	394	42	path	path	NOUN
cblr-10945	394	43	of	of	ADP
cblr-10945	394	44	filing	filing	NOUN
cblr-10945	394	45	disclosures	disclosure	NOUN
cblr-10945	394	46	—	—	PUNCT
cblr-10945	394	47	an	an	DET
cblr-10945	394	48	approach	approach	NOUN
cblr-10945	394	49	that	that	PRON
cblr-10945	394	50	can	can	AUX
cblr-10945	394	51	only	only	ADV
cblr-10945	394	52	benefit	benefit	VERB
cblr-10945	394	53	institutional	institutional	ADJ
cblr-10945	394	54	investors	investor	NOUN
cblr-10945	394	55	.	.	PUNCT
cblr-10945	395	1	the	the	DET
cblr-10945	395	2	sec	sec	PROPN
cblr-10945	395	3	should	should	AUX
cblr-10945	395	4	continue	continue	VERB
cblr-10945	395	5	its	its	PRON
cblr-10945	395	6	transparency	transparency	NOUN
cblr-10945	395	7	efforts173	efforts173	PROPN
cblr-10945	395	8	and	and	CCONJ
cblr-10945	395	9	be	be	AUX
cblr-10945	395	10	more	more	ADV
cblr-10945	395	11	honest	honest	ADJ
cblr-10945	395	12	about	about	ADP
cblr-10945	395	13	who	who	PRON
cblr-10945	395	14	its	its	PRON
cblr-10945	395	15	disclosure	disclosure	NOUN
cblr-10945	395	16	rules	rule	NOUN
cblr-10945	395	17	serve	serve	VERB
cblr-10945	395	18	.	.	PUNCT
cblr-10945	396	1	the	the	DET
cblr-10945	396	2	academic	academic	ADJ
cblr-10945	396	3	literature	literature	NOUN
cblr-10945	396	4	suggests	suggest	VERB
cblr-10945	396	5	institutional	institutional	ADJ
cblr-10945	396	6	investors	investor	NOUN
cblr-10945	396	7	should	should	AUX
cblr-10945	396	8	be	be	AUX
cblr-10945	396	9	the	the	DET
cblr-10945	396	10	agency	agency	NOUN
cblr-10945	396	11	’s	’s	PART
cblr-10945	396	12	main	main	ADJ
cblr-10945	396	13	priority.174	priority.174	ADV
cblr-10945	396	14	in	in	ADP
cblr-10945	396	15	fact	fact	NOUN
cblr-10945	396	16	,	,	PUNCT
cblr-10945	396	17	current	current	ADJ
cblr-10945	396	18	rules	rule	NOUN
cblr-10945	396	19	only	only	ADV
cblr-10945	396	20	make	make	VERB
cblr-10945	396	21	sense	sense	NOUN
cblr-10945	396	22	viewed	view	VERB
cblr-10945	396	23	through	through	ADP
cblr-10945	396	24	that	that	DET
cblr-10945	396	25	lens	len	NOUN
cblr-10945	396	26	.	.	PUNCT
cblr-10945	397	1	investor	investor	NOUN
cblr-10945	397	2	confidence	confidence	NOUN
cblr-10945	397	3	,	,	PUNCT
cblr-10945	397	4	internal	internal	ADJ
cblr-10945	397	5	rulemaking	rulemaking	NOUN
cblr-10945	397	6	,	,	PUNCT
cblr-10945	397	7	and	and	CCONJ
cblr-10945	397	8	market	market	NOUN
cblr-10945	397	9	efficiency	efficiency	NOUN
cblr-10945	397	10	would	would	AUX
cblr-10945	397	11	all	all	ADV
cblr-10945	397	12	be	be	AUX
cblr-10945	397	13	improved	improve	VERB
cblr-10945	397	14	if	if	SCONJ
cblr-10945	397	15	the	the	DET
cblr-10945	397	16	sec	sec	PROPN
cblr-10945	397	17	were	be	AUX
cblr-10945	397	18	more	more	ADV
cblr-10945	397	19	transparent	transparent	ADJ
cblr-10945	397	20	about	about	ADP
cblr-10945	397	21	its	its	PRON
cblr-10945	397	22	goals	goal	NOUN
cblr-10945	397	23	and	and	CCONJ
cblr-10945	397	24	methods	method	NOUN
cblr-10945	397	25	.	.	PUNCT
cblr-10945	398	1	173	173	NUM
cblr-10945	398	2	jay	jay	PROPN
cblr-10945	398	3	clayton	clayton	PROPN
cblr-10945	398	4	,	,	PUNCT
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cblr-10945	398	26	(	(	PUNCT
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cblr-10945	398	31	[	[	X
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