id	sid	tid	token	lemma	pos
cblr-14251	1	1	5	5	X
cblr-14251	1	2	.	.	X
cblr-14251	1	3	guan	guan	PROPN
cblr-14251	1	4	securities	securities	PROPN
cblr-14251	1	5	fraud	fraud	PROPN
cblr-14251	1	6	and	and	CCONJ
cblr-14251	1	7	the	the	DET
cblr-14251	1	8	market	market	NOUN
cblr-14251	1	9	for	for	ADP
cblr-14251	1	10	individual	individual	ADJ
cblr-14251	1	11	stocks	stock	NOUN
cblr-14251	1	12	article	article	NOUN
cblr-14251	1	13	securities	security	NOUN
cblr-14251	1	14	fraud	fraud	NOUN
cblr-14251	1	15	and	and	CCONJ
cblr-14251	1	16	the	the	DET
cblr-14251	1	17	market	market	NOUN
cblr-14251	1	18	for	for	ADP
cblr-14251	1	19	individual	individual	ADJ
cblr-14251	1	20	stocks	stock	NOUN
cblr-14251	1	21	sue	sue	VERB
cblr-14251	1	22	s.	s.	PROPN
cblr-14251	1	23	guan	guan	PROPN
cblr-14251	2	1	*	*	PUNCT
cblr-14251	2	2	as	as	ADV
cblr-14251	2	3	long	long	ADV
cblr-14251	2	4	as	as	SCONJ
cblr-14251	2	5	stock	stock	NOUN
cblr-14251	2	6	markets	market	NOUN
cblr-14251	2	7	have	have	AUX
cblr-14251	2	8	existed	exist	VERB
cblr-14251	2	9	,	,	PUNCT
cblr-14251	2	10	so	so	ADV
cblr-14251	2	11	too	too	ADV
cblr-14251	2	12	have	have	VERB
cblr-14251	2	13	those	those	PRON
cblr-14251	2	14	who	who	PRON
cblr-14251	2	15	invest	invest	VERB
cblr-14251	2	16	for	for	ADP
cblr-14251	2	17	idiosyncratic	idiosyncratic	ADJ
cblr-14251	2	18	reasons	reason	NOUN
cblr-14251	2	19	unrelated	unrelated	ADJ
cblr-14251	2	20	to	to	ADP
cblr-14251	2	21	achieving	achieve	VERB
cblr-14251	2	22	financial	financial	ADJ
cblr-14251	2	23	returns	return	NOUN
cblr-14251	2	24	.	.	PUNCT
cblr-14251	3	1	some	some	DET
cblr-14251	3	2	investors	investor	NOUN
cblr-14251	3	3	may	may	AUX
cblr-14251	3	4	be	be	AUX
cblr-14251	3	5	motivated	motivate	VERB
cblr-14251	3	6	by	by	ADP
cblr-14251	3	7	personal	personal	ADJ
cblr-14251	3	8	utility	utility	NOUN
cblr-14251	3	9	,	,	PUNCT
cblr-14251	3	10	others	other	NOUN
cblr-14251	3	11	seek	seek	VERB
cblr-14251	3	12	to	to	PART
cblr-14251	3	13	signal	signal	VERB
cblr-14251	3	14	loyalty	loyalty	NOUN
cblr-14251	3	15	to	to	ADP
cblr-14251	3	16	corporations	corporation	NOUN
cblr-14251	3	17	,	,	PUNCT
cblr-14251	3	18	some	some	PRON
cblr-14251	3	19	might	might	AUX
cblr-14251	3	20	see	see	VERB
cblr-14251	3	21	their	their	PRON
cblr-14251	3	22	investments	investment	NOUN
cblr-14251	3	23	as	as	ADP
cblr-14251	3	24	an	an	DET
cblr-14251	3	25	expression	expression	NOUN
cblr-14251	3	26	of	of	ADP
cblr-14251	3	27	their	their	PRON
cblr-14251	3	28	faith	faith	NOUN
cblr-14251	3	29	,	,	PUNCT
cblr-14251	3	30	others	other	NOUN
cblr-14251	3	31	chase	chase	VERB
cblr-14251	3	32	the	the	DET
cblr-14251	3	33	latest	late	ADJ
cblr-14251	3	34	fads	fad	NOUN
cblr-14251	3	35	,	,	PUNCT
cblr-14251	3	36	and	and	CCONJ
cblr-14251	3	37	still	still	ADV
cblr-14251	3	38	others	other	NOUN
cblr-14251	3	39	simply	simply	ADV
cblr-14251	3	40	make	make	VERB
cblr-14251	3	41	uninformed	uninformed	ADJ
cblr-14251	3	42	investment	investment	NOUN
cblr-14251	3	43	choices	choice	NOUN
cblr-14251	3	44	.	.	PUNCT
cblr-14251	4	1	yet	yet	ADV
cblr-14251	4	2	until	until	ADP
cblr-14251	4	3	relatively	relatively	ADV
cblr-14251	4	4	recently	recently	ADV
cblr-14251	4	5	,	,	PUNCT
cblr-14251	4	6	these	these	DET
cblr-14251	4	7	forms	form	NOUN
cblr-14251	4	8	of	of	ADP
cblr-14251	4	9	demand	demand	NOUN
cblr-14251	4	10	-	-	PUNCT
cblr-14251	4	11	driven	drive	VERB
cblr-14251	4	12	investing	investing	NOUN
cblr-14251	4	13	have	have	AUX
cblr-14251	4	14	received	receive	VERB
cblr-14251	4	15	little	little	ADJ
cblr-14251	4	16	attention	attention	NOUN
cblr-14251	4	17	.	.	PUNCT
cblr-14251	5	1	most	most	ADJ
cblr-14251	5	2	commentary	commentary	NOUN
cblr-14251	5	3	has	have	AUX
cblr-14251	5	4	either	either	CCONJ
cblr-14251	5	5	dismissed	dismiss	VERB
cblr-14251	5	6	the	the	DET
cblr-14251	5	7	phenomenon	phenomenon	NOUN
cblr-14251	5	8	as	as	ADP
cblr-14251	5	9	noise	noise	NOUN
cblr-14251	5	10	or	or	CCONJ
cblr-14251	5	11	attempted	attempt	VERB
cblr-14251	5	12	to	to	PART
cblr-14251	5	13	absorb	absorb	VERB
cblr-14251	5	14	it	it	PRON
cblr-14251	5	15	into	into	ADP
cblr-14251	5	16	existing	exist	VERB
cblr-14251	5	17	models	model	NOUN
cblr-14251	5	18	of	of	ADP
cblr-14251	5	19	fundamental	fundamental	ADJ
cblr-14251	5	20	value	value	NOUN
cblr-14251	5	21	-	-	PUNCT
cblr-14251	5	22	based	base	VERB
cblr-14251	5	23	investing	investing	NOUN
cblr-14251	5	24	.	.	PUNCT
cblr-14251	6	1	this	this	DET
cblr-14251	6	2	article	article	NOUN
cblr-14251	6	3	counters	counter	VERB
cblr-14251	6	4	that	that	SCONJ
cblr-14251	6	5	understanding	understanding	NOUN
cblr-14251	6	6	.	.	PUNCT
cblr-14251	7	1	it	it	PRON
cblr-14251	7	2	argues	argue	VERB
cblr-14251	7	3	that	that	SCONJ
cblr-14251	7	4	demand	demand	NOUN
cblr-14251	7	5	-	-	PUNCT
cblr-14251	7	6	driven	drive	VERB
cblr-14251	7	7	investing	investing	NOUN
cblr-14251	7	8	can	can	AUX
cblr-14251	7	9	create	create	VERB
cblr-14251	7	10	a	a	DET
cblr-14251	7	11	market	market	NOUN
cblr-14251	7	12	for	for	ADP
cblr-14251	7	13	individual	individual	ADJ
cblr-14251	7	14	stocks	stock	NOUN
cblr-14251	7	15	that	that	PRON
cblr-14251	7	16	is	be	AUX
cblr-14251	7	17	distinct	distinct	ADJ
cblr-14251	7	18	from	from	ADP
cblr-14251	7	19	noisy	noisy	ADJ
cblr-14251	7	20	trading	trading	NOUN
cblr-14251	7	21	as	as	ADV
cblr-14251	7	22	well	well	ADV
cblr-14251	7	23	as	as	ADP
cblr-14251	7	24	from	from	ADP
cblr-14251	7	25	fundamental	fundamental	ADJ
cblr-14251	7	26	-	-	PUNCT
cblr-14251	7	27	value	value	NOUN
cblr-14251	7	28	-	-	PUNCT
cblr-14251	7	29	driven	drive	VERB
cblr-14251	7	30	trading	trading	NOUN
cblr-14251	7	31	.	.	PUNCT
cblr-14251	8	1	this	this	PRON
cblr-14251	8	2	is	be	AUX
cblr-14251	8	3	especially	especially	ADV
cblr-14251	8	4	so	so	ADV
cblr-14251	8	5	as	as	ADP
cblr-14251	8	6	the	the	DET
cblr-14251	8	7	voices	voice	NOUN
cblr-14251	8	8	of	of	ADP
cblr-14251	8	9	retail	retail	ADJ
cblr-14251	8	10	investors	investor	NOUN
cblr-14251	8	11	,	,	PUNCT
cblr-14251	8	12	social	social	ADJ
cblr-14251	8	13	media	medium	NOUN
cblr-14251	8	14	influencers	influencer	NOUN
cblr-14251	8	15	(	(	PUNCT
cblr-14251	8	16	“	"	PUNCT
cblr-14251	8	17	finfluencers	finfluencer	NOUN
cblr-14251	8	18	”	"	PUNCT
cblr-14251	8	19	)	)	PUNCT
cblr-14251	8	20	,	,	PUNCT
cblr-14251	8	21	and	and	CCONJ
cblr-14251	8	22	other	other	ADJ
cblr-14251	8	23	non	non	ADJ
cblr-14251	8	24	-	-	ADJ
cblr-14251	8	25	traditional	traditional	ADJ
cblr-14251	8	26	,	,	PUNCT
cblr-14251	8	27	values	value	NOUN
cblr-14251	8	28	-	-	PUNCT
cblr-14251	8	29	driven	drive	VERB
cblr-14251	8	30	*	*	PUNCT
cblr-14251	8	31	albert	albert	PROPN
cblr-14251	8	32	j.	j.	PROPN
cblr-14251	8	33	ruffo	ruffo	PROPN
cblr-14251	8	34	assistant	assistant	PROPN
cblr-14251	8	35	professor	professor	NOUN
cblr-14251	8	36	of	of	ADP
cblr-14251	8	37	law	law	NOUN
cblr-14251	8	38	,	,	PUNCT
cblr-14251	8	39	santa	santa	PROPN
cblr-14251	8	40	clara	clara	PROPN
cblr-14251	8	41	university	university	PROPN
cblr-14251	8	42	school	school	NOUN
cblr-14251	8	43	of	of	ADP
cblr-14251	8	44	law	law	NOUN
cblr-14251	8	45	.	.	PUNCT
cblr-14251	9	1	for	for	ADP
cblr-14251	9	2	helpful	helpful	ADJ
cblr-14251	9	3	comments	comment	NOUN
cblr-14251	9	4	and	and	CCONJ
cblr-14251	9	5	discussions	discussion	NOUN
cblr-14251	9	6	,	,	PUNCT
cblr-14251	9	7	i	i	PRON
cblr-14251	9	8	am	be	AUX
cblr-14251	9	9	grateful	grateful	ADJ
cblr-14251	9	10	to	to	ADP
cblr-14251	9	11	tom	tom	PROPN
cblr-14251	9	12	brower	brower	PROPN
cblr-14251	9	13	,	,	PUNCT
cblr-14251	9	14	quinn	quinn	PROPN
cblr-14251	9	15	curtis	curtis	PROPN
cblr-14251	9	16	,	,	PUNCT
cblr-14251	9	17	jill	jill	PROPN
cblr-14251	9	18	fisch	fisch	PROPN
cblr-14251	9	19	,	,	PUNCT
cblr-14251	9	20	merritt	merritt	PROPN
cblr-14251	9	21	fox	fox	PROPN
cblr-14251	9	22	,	,	PUNCT
cblr-14251	9	23	elisabeth	elisabeth	PROPN
cblr-14251	9	24	de	de	PROPN
cblr-14251	9	25	fontenay	fontenay	PROPN
cblr-14251	9	26	,	,	PUNCT
cblr-14251	9	27	jessica	jessica	PROPN
cblr-14251	9	28	erickson	erickson	PROPN
cblr-14251	9	29	,	,	PUNCT
cblr-14251	9	30	kevin	kevin	PROPN
cblr-14251	9	31	haeberle	haeberle	PROPN
cblr-14251	9	32	,	,	PUNCT
cblr-14251	9	33	geeyoung	geeyoung	PROPN
cblr-14251	9	34	min	min	PROPN
cblr-14251	9	35	,	,	PUNCT
cblr-14251	9	36	peter	peter	PROPN
cblr-14251	9	37	molk	molk	PROPN
cblr-14251	9	38	,	,	PUNCT
cblr-14251	9	39	alex	alex	PROPN
cblr-14251	9	40	platt	platt	PROPN
cblr-14251	9	41	,	,	PUNCT
cblr-14251	9	42	and	and	CCONJ
cblr-14251	9	43	participants	participant	NOUN
cblr-14251	9	44	at	at	ADP
cblr-14251	9	45	the	the	DET
cblr-14251	9	46	eleventh	eleventh	ADJ
cblr-14251	9	47	annual	annual	ADJ
cblr-14251	9	48	corporate	corporate	ADJ
cblr-14251	9	49	and	and	CCONJ
cblr-14251	9	50	securities	security	NOUN
cblr-14251	9	51	litigation	litigation	NOUN
cblr-14251	9	52	workshop	workshop	NOUN
cblr-14251	9	53	,	,	PUNCT
cblr-14251	9	54	the	the	DET
cblr-14251	9	55	2024	2024	NUM
cblr-14251	9	56	american	american	ADJ
cblr-14251	9	57	law	law	NOUN
cblr-14251	9	58	and	and	CCONJ
cblr-14251	9	59	economics	economics	PROPN
cblr-14251	9	60	association	association	PROPN
cblr-14251	9	61	(	(	PUNCT
cblr-14251	9	62	alea	alea	PROPN
cblr-14251	9	63	)	)	PUNCT
cblr-14251	9	64	annual	annual	ADJ
cblr-14251	9	65	meeting	meeting	NOUN
cblr-14251	9	66	,	,	PUNCT
cblr-14251	9	67	the	the	DET
cblr-14251	9	68	northeastern	northeastern	ADJ
cblr-14251	9	69	university	university	PROPN
cblr-14251	9	70	junior	junior	ADJ
cblr-14251	9	71	scholars	scholars	PROPN
cblr-14251	9	72	conference	conference	NOUN
cblr-14251	9	73	,	,	PUNCT
cblr-14251	9	74	and	and	CCONJ
cblr-14251	9	75	faculty	faculty	NOUN
cblr-14251	9	76	workshops	workshop	NOUN
cblr-14251	9	77	at	at	ADP
cblr-14251	9	78	santa	santa	PROPN
cblr-14251	9	79	clara	clara	PROPN
cblr-14251	9	80	university	university	PROPN
cblr-14251	9	81	school	school	NOUN
cblr-14251	9	82	of	of	ADP
cblr-14251	9	83	law	law	NOUN
cblr-14251	9	84	and	and	CCONJ
cblr-14251	9	85	university	university	PROPN
cblr-14251	9	86	of	of	ADP
cblr-14251	9	87	san	san	PROPN
cblr-14251	9	88	diego	diego	PROPN
cblr-14251	9	89	school	school	PROPN
cblr-14251	9	90	of	of	ADP
cblr-14251	9	91	law	law	NOUN
cblr-14251	9	92	.	.	PUNCT
cblr-14251	10	1	andy	andy	PROPN
cblr-14251	10	2	strader	strader	PROPN
cblr-14251	10	3	and	and	CCONJ
cblr-14251	10	4	michael	michael	PROPN
cblr-14251	10	5	tran	tran	PROPN
cblr-14251	10	6	provided	provide	VERB
cblr-14251	10	7	excellent	excellent	ADJ
cblr-14251	10	8	research	research	NOUN
cblr-14251	10	9	assistance	assistance	NOUN
cblr-14251	10	10	.	.	PUNCT
cblr-14251	11	1	226	226	NUM
cblr-14251	11	2	columbia	columbia	PROPN
cblr-14251	11	3	business	business	NOUN
cblr-14251	11	4	law	law	PROPN
cblr-14251	11	5	review	review	NOUN
cblr-14251	11	6	[	[	X
cblr-14251	11	7	vol	vol	NOUN
cblr-14251	11	8	.	.	PUNCT
cblr-14251	12	1	2025	2025	NUM
cblr-14251	12	2	investors	investor	NOUN
cblr-14251	12	3	in	in	ADP
cblr-14251	12	4	today	today	NOUN
cblr-14251	12	5	’s	’s	PART
cblr-14251	12	6	capital	capital	NOUN
cblr-14251	12	7	markets	market	NOUN
cblr-14251	12	8	have	have	AUX
cblr-14251	12	9	grown	grow	VERB
cblr-14251	12	10	in	in	ADP
cblr-14251	12	11	volume	volume	NOUN
cblr-14251	12	12	and	and	CCONJ
cblr-14251	12	13	strength	strength	NOUN
cblr-14251	12	14	.	.	PUNCT
cblr-14251	13	1	it	it	PRON
cblr-14251	13	2	is	be	AUX
cblr-14251	13	3	increasingly	increasingly	ADV
cblr-14251	13	4	difficult	difficult	ADJ
cblr-14251	13	5	to	to	PART
cblr-14251	13	6	ignore	ignore	VERB
cblr-14251	13	7	the	the	DET
cblr-14251	13	8	investors	investor	NOUN
cblr-14251	13	9	who	who	PRON
cblr-14251	13	10	systematically	systematically	ADV
cblr-14251	13	11	choose	choose	VERB
cblr-14251	13	12	companies	company	NOUN
cblr-14251	13	13	to	to	PART
cblr-14251	13	14	invest	invest	VERB
cblr-14251	13	15	in	in	ADP
cblr-14251	13	16	based	base	VERB
cblr-14251	13	17	on	on	ADP
cblr-14251	13	18	demand	demand	NOUN
cblr-14251	13	19	-	-	PUNCT
cblr-14251	13	20	driven	drive	VERB
cblr-14251	13	21	factors	factor	NOUN
cblr-14251	13	22	such	such	ADJ
cblr-14251	13	23	as	as	ADP
cblr-14251	13	24	alignment	alignment	NOUN
cblr-14251	13	25	on	on	ADP
cblr-14251	13	26	environmental	environmental	ADJ
cblr-14251	13	27	,	,	PUNCT
cblr-14251	13	28	social	social	ADJ
cblr-14251	13	29	and	and	CCONJ
cblr-14251	13	30	governance	governance	NOUN
cblr-14251	13	31	(	(	PUNCT
cblr-14251	13	32	esg	esg	NOUN
cblr-14251	13	33	)	)	PUNCT
cblr-14251	13	34	issues	issue	NOUN
cblr-14251	13	35	,	,	PUNCT
cblr-14251	13	36	an	an	DET
cblr-14251	13	37	influential	influential	ADJ
cblr-14251	13	38	investor	investor	NOUN
cblr-14251	13	39	’s	’s	PART
cblr-14251	13	40	commentary	commentary	NOUN
cblr-14251	13	41	on	on	ADP
cblr-14251	13	42	a	a	DET
cblr-14251	13	43	security	security	NOUN
cblr-14251	13	44	,	,	PUNCT
cblr-14251	13	45	and	and	CCONJ
cblr-14251	13	46	preferences	preference	NOUN
cblr-14251	13	47	between	between	ADP
cblr-14251	13	48	cultural	cultural	ADJ
cblr-14251	13	49	and	and	CCONJ
cblr-14251	13	50	political	political	ADJ
cblr-14251	13	51	values	value	NOUN
cblr-14251	13	52	—	—	PUNCT
cblr-14251	13	53	in	in	ADP
cblr-14251	13	54	addition	addition	NOUN
cblr-14251	13	55	to	to	ADP
cblr-14251	13	56	seeking	seek	VERB
cblr-14251	13	57	financial	financial	ADJ
cblr-14251	13	58	returns	return	NOUN
cblr-14251	13	59	.	.	PUNCT
cblr-14251	14	1	understanding	understand	VERB
cblr-14251	14	2	the	the	DET
cblr-14251	14	3	demand	demand	NOUN
cblr-14251	14	4	-	-	PUNCT
cblr-14251	14	5	driven	drive	VERB
cblr-14251	14	6	component	component	NOUN
cblr-14251	14	7	of	of	ADP
cblr-14251	14	8	investor	investor	NOUN
cblr-14251	14	9	decision	decision	NOUN
cblr-14251	14	10	-	-	PUNCT
cblr-14251	14	11	making	making	NOUN
cblr-14251	14	12	as	as	ADP
cblr-14251	14	13	creating	create	VERB
cblr-14251	14	14	a	a	DET
cblr-14251	14	15	market	market	NOUN
cblr-14251	14	16	for	for	ADP
cblr-14251	14	17	individual	individual	ADJ
cblr-14251	14	18	stocks	stock	NOUN
cblr-14251	14	19	yields	yield	VERB
cblr-14251	14	20	fresh	fresh	ADJ
cblr-14251	14	21	insights	insight	NOUN
cblr-14251	14	22	for	for	ADP
cblr-14251	14	23	today	today	NOUN
cblr-14251	14	24	’s	’s	PART
cblr-14251	14	25	stock	stock	NOUN
cblr-14251	14	26	market	market	PROPN
cblr-14251	14	27	information	information	NOUN
cblr-14251	14	28	ecosystem	ecosystem	NOUN
cblr-14251	14	29	and	and	CCONJ
cblr-14251	14	30	the	the	DET
cblr-14251	14	31	securities	security	NOUN
cblr-14251	14	32	laws	law	NOUN
cblr-14251	14	33	’	'	PUNCT
cblr-14251	14	34	ability	ability	NOUN
cblr-14251	14	35	to	to	PART
cblr-14251	14	36	respond	respond	VERB
cblr-14251	14	37	to	to	ADP
cblr-14251	14	38	misinformation	misinformation	NOUN
cblr-14251	14	39	within	within	ADP
cblr-14251	14	40	that	that	DET
cblr-14251	14	41	ecosystem	ecosystem	NOUN
cblr-14251	14	42	.	.	PUNCT
cblr-14251	15	1	specifically	specifically	ADV
cblr-14251	15	2	,	,	PUNCT
cblr-14251	15	3	this	this	DET
cblr-14251	15	4	article	article	NOUN
cblr-14251	15	5	offers	offer	VERB
cblr-14251	15	6	a	a	DET
cblr-14251	15	7	framework	framework	NOUN
cblr-14251	15	8	to	to	PART
cblr-14251	15	9	explain	explain	VERB
cblr-14251	15	10	how	how	SCONJ
cblr-14251	15	11	demand	demand	NOUN
cblr-14251	15	12	-	-	PUNCT
cblr-14251	15	13	driven	drive	VERB
cblr-14251	15	14	investing	investing	NOUN
cblr-14251	15	15	motivates	motivate	VERB
cblr-14251	15	16	investors	investor	NOUN
cblr-14251	15	17	and	and	CCONJ
cblr-14251	15	18	affects	affect	VERB
cblr-14251	15	19	price	price	NOUN
cblr-14251	15	20	discovery	discovery	NOUN
cblr-14251	15	21	.	.	PUNCT
cblr-14251	16	1	this	this	PRON
cblr-14251	16	2	then	then	ADV
cblr-14251	16	3	challenges	challenge	VERB
cblr-14251	16	4	the	the	DET
cblr-14251	16	5	limits	limit	NOUN
cblr-14251	16	6	of	of	ADP
cblr-14251	16	7	existing	exist	VERB
cblr-14251	16	8	defenses	defense	NOUN
cblr-14251	16	9	against	against	ADP
cblr-14251	16	10	misinformation	misinformation	NOUN
cblr-14251	16	11	in	in	ADP
cblr-14251	16	12	the	the	DET
cblr-14251	16	13	securities	security	NOUN
cblr-14251	16	14	markets	market	NOUN
cblr-14251	16	15	,	,	PUNCT
cblr-14251	16	16	in	in	ADP
cblr-14251	16	17	particular	particular	ADJ
cblr-14251	16	18	the	the	DET
cblr-14251	16	19	scope	scope	NOUN
cblr-14251	16	20	of	of	ADP
cblr-14251	16	21	rule	rule	NOUN
cblr-14251	16	22	10b-5	10b-5	NUM
cblr-14251	16	23	.	.	PUNCT
cblr-14251	17	1	solely	solely	ADV
cblr-14251	17	2	protecting	protect	VERB
cblr-14251	17	3	financial	financial	ADJ
cblr-14251	17	4	information	information	NOUN
cblr-14251	17	5	results	result	NOUN
cblr-14251	17	6	in	in	ADP
cblr-14251	17	7	an	an	DET
cblr-14251	17	8	incomplete	incomplete	ADJ
cblr-14251	17	9	understanding	understanding	NOUN
cblr-14251	17	10	of	of	ADP
cblr-14251	17	11	investor	investor	NOUN
cblr-14251	17	12	motivations	motivation	NOUN
cblr-14251	17	13	.	.	PUNCT
cblr-14251	18	1	on	on	ADP
cblr-14251	18	2	the	the	DET
cblr-14251	18	3	other	other	ADJ
cblr-14251	18	4	hand	hand	NOUN
cblr-14251	18	5	,	,	PUNCT
cblr-14251	18	6	the	the	DET
cblr-14251	18	7	idiosyncratic	idiosyncratic	ADJ
cblr-14251	18	8	nature	nature	NOUN
cblr-14251	18	9	of	of	ADP
cblr-14251	18	10	demand	demand	NOUN
cblr-14251	18	11	-	-	PUNCT
cblr-14251	18	12	driven	drive	VERB
cblr-14251	18	13	investing	investing	NOUN
cblr-14251	18	14	can	can	AUX
cblr-14251	18	15	make	make	VERB
cblr-14251	18	16	determinations	determination	NOUN
cblr-14251	18	17	of	of	ADP
cblr-14251	18	18	liability	liability	NOUN
cblr-14251	18	19	inconsistent	inconsistent	ADJ
cblr-14251	18	20	and	and	CCONJ
cblr-14251	18	21	unpredictable	unpredictable	ADJ
cblr-14251	18	22	.	.	PUNCT
cblr-14251	19	1	this	this	DET
cblr-14251	19	2	article	article	NOUN
cblr-14251	19	3	explores	explore	VERB
cblr-14251	19	4	the	the	DET
cblr-14251	19	5	complex	complex	ADJ
cblr-14251	19	6	doctrinal	doctrinal	ADJ
cblr-14251	19	7	and	and	CCONJ
cblr-14251	19	8	policy	policy	NOUN
cblr-14251	19	9	questions	question	NOUN
cblr-14251	19	10	that	that	PRON
cblr-14251	19	11	are	be	AUX
cblr-14251	19	12	implicated	implicate	VERB
cblr-14251	19	13	.	.	PUNCT
cblr-14251	20	1	introduction	introduction	NOUN
cblr-14251	20	2	..................................................................	..................................................................	PUNCT
cblr-14251	21	1	227	227	NUM
cblr-14251	21	2	i.	i.	NOUN
cblr-14251	21	3	a	a	DET
cblr-14251	21	4	“	"	PUNCT
cblr-14251	21	5	generation	generation	NOUN
cblr-14251	21	6	of	of	ADP
cblr-14251	21	7	stock	stock	NOUN
cblr-14251	21	8	pickers	picker	NOUN
cblr-14251	21	9	”	"	PUNCT
cblr-14251	21	10	.........................	.........................	PUNCT
cblr-14251	21	11	230	230	NUM
cblr-14251	21	12	a.	a.	NOUN
cblr-14251	21	13	environmental	environmental	NOUN
cblr-14251	21	14	,	,	PUNCT
cblr-14251	21	15	social	social	ADJ
cblr-14251	21	16	,	,	PUNCT
cblr-14251	21	17	and	and	CCONJ
cblr-14251	21	18	governance	governance	NOUN
cblr-14251	21	19	(	(	PUNCT
cblr-14251	21	20	“	"	PUNCT
cblr-14251	21	21	esg	esg	PROPN
cblr-14251	21	22	”	"	PUNCT
cblr-14251	21	23	)	)	PUNCT
cblr-14251	21	24	issues	issue	NOUN
cblr-14251	21	25	................................................................	................................................................	PUNCT
cblr-14251	21	26	233	233	NUM
cblr-14251	21	27	b.	b.	NOUN
cblr-14251	21	28	political	political	ADJ
cblr-14251	21	29	values	value	NOUN
cblr-14251	21	30	.................................................	.................................................	PUNCT
cblr-14251	22	1	235	235	NUM
cblr-14251	22	2	c.	c.	NOUN
cblr-14251	22	3	the	the	DET
cblr-14251	22	4	retail	retail	ADJ
cblr-14251	22	5	premium	premium	NOUN
cblr-14251	22	6	.........................................	.........................................	PUNCT
cblr-14251	22	7	237	237	NUM
cblr-14251	22	8	d.	d.	NOUN
cblr-14251	22	9	finfluencers	finfluencer	NOUN
cblr-14251	22	10	......................................................	......................................................	PUNCT
cblr-14251	22	11	239	239	NUM
cblr-14251	22	12	e.	e.	PROPN
cblr-14251	22	13	a	a	DET
cblr-14251	22	14	demand	demand	NOUN
cblr-14251	22	15	-	-	PUNCT
cblr-14251	22	16	driven	drive	VERB
cblr-14251	22	17	market	market	NOUN
cblr-14251	22	18	...............................	...............................	PUNCT
cblr-14251	23	1	246	246	NUM
cblr-14251	23	2	ii	ii	NOUN
cblr-14251	23	3	.	.	PUNCT
cblr-14251	24	1	the	the	DET
cblr-14251	24	2	traditional	traditional	ADJ
cblr-14251	24	3	stock	stock	NOUN
cblr-14251	24	4	market	market	NOUN
cblr-14251	24	5	............................	............................	PUNCT
cblr-14251	24	6	248	248	NUM
cblr-14251	24	7	a.	a.	NOUN
cblr-14251	24	8	foundational	foundational	ADJ
cblr-14251	24	9	finance	finance	NOUN
cblr-14251	24	10	and	and	CCONJ
cblr-14251	24	11	no	no	DET
cblr-14251	24	12	individual	individual	ADJ
cblr-14251	24	13	demand	demand	NOUN
cblr-14251	24	14	for	for	ADP
cblr-14251	24	15	stocks	stock	NOUN
cblr-14251	24	16	...........................................	...........................................	PUNCT
cblr-14251	24	17	249	249	NUM
cblr-14251	24	18	b.	b.	NOUN
cblr-14251	24	19	limitations	limitation	NOUN
cblr-14251	24	20	of	of	ADP
cblr-14251	24	21	the	the	DET
cblr-14251	24	22	theory	theory	NOUN
cblr-14251	24	23	................................	................................	PUNCT
cblr-14251	24	24	252	252	NUM
cblr-14251	24	25	iii	iii	NOUN
cblr-14251	24	26	.	.	PUNCT
cblr-14251	25	1	the	the	DET
cblr-14251	25	2	market	market	NOUN
cblr-14251	25	3	for	for	ADP
cblr-14251	25	4	individual	individual	ADJ
cblr-14251	25	5	stocks	stock	NOUN
cblr-14251	25	6	......................	......................	PUNCT
cblr-14251	26	1	257	257	NUM
cblr-14251	26	2	no	no	NOUN
cblr-14251	26	3	.	.	NOUN
cblr-14251	27	1	1	1	NUM
cblr-14251	27	2	]	]	PUNCT
cblr-14251	27	3	securities	security	NOUN
cblr-14251	27	4	fraud	fraud	NOUN
cblr-14251	27	5	and	and	CCONJ
cblr-14251	27	6	the	the	DET
cblr-14251	27	7	market	market	NOUN
cblr-14251	27	8	for	for	ADP
cblr-14251	27	9	individual	individual	ADJ
cblr-14251	27	10	stocks	stock	NOUN
cblr-14251	27	11	227	227	NUM
cblr-14251	27	12	a.	a.	NOUN
cblr-14251	27	13	the	the	DET
cblr-14251	27	14	new	new	ADJ
cblr-14251	27	15	information	information	NOUN
cblr-14251	27	16	marketplace	marketplace	NOUN
cblr-14251	27	17	.................	.................	PUNCT
cblr-14251	27	18	258	258	NUM
cblr-14251	27	19	b.	b.	NOUN
cblr-14251	27	20	demand	demand	NOUN
cblr-14251	27	21	-	-	PUNCT
cblr-14251	27	22	driven	drive	VERB
cblr-14251	27	23	price	price	NOUN
cblr-14251	27	24	discovery	discovery	NOUN
cblr-14251	27	25	.....................	.....................	PUNCT
cblr-14251	27	26	261	261	NUM
cblr-14251	27	27	c.	c.	NOUN
cblr-14251	27	28	demand	demand	NOUN
cblr-14251	27	29	and	and	CCONJ
cblr-14251	27	30	the	the	DET
cblr-14251	27	31	market	market	NOUN
cblr-14251	27	32	for	for	ADP
cblr-14251	27	33	individual	individual	ADJ
cblr-14251	27	34	stocks	stock	NOUN
cblr-14251	27	35	...........................................................................	...........................................................................	PUNCT
cblr-14251	27	36	263	263	NUM
cblr-14251	27	37	d.	d.	NOUN
cblr-14251	27	38	competition	competition	NOUN
cblr-14251	27	39	,	,	PUNCT
cblr-14251	27	40	firm	firm	ADJ
cblr-14251	27	41	incentives	incentive	NOUN
cblr-14251	27	42	,	,	PUNCT
cblr-14251	27	43	and	and	CCONJ
cblr-14251	27	44	the	the	DET
cblr-14251	27	45	market	market	NOUN
cblr-14251	27	46	for	for	ADP
cblr-14251	27	47	individual	individual	ADJ
cblr-14251	27	48	stocks	stock	NOUN
cblr-14251	27	49	........................................	........................................	PUNCT
cblr-14251	28	1	265	265	NUM
cblr-14251	28	2	e.	e.	PROPN
cblr-14251	28	3	human	human	PROPN
cblr-14251	28	4	investors	investor	NOUN
cblr-14251	28	5	..............................................	..............................................	PUNCT
cblr-14251	28	6	267	267	NUM
cblr-14251	28	7	iv	iv	NOUN
cblr-14251	28	8	.	.	PUNCT
cblr-14251	28	9	securities	security	NOUN
cblr-14251	28	10	fraud	fraud	NOUN
cblr-14251	28	11	and	and	CCONJ
cblr-14251	28	12	the	the	DET
cblr-14251	28	13	market	market	NOUN
cblr-14251	28	14	for	for	ADP
cblr-14251	28	15	individual	individual	ADJ
cblr-14251	28	16	stocks	stock	NOUN
cblr-14251	28	17	...................................................................	...................................................................	PUNCT
cblr-14251	28	18	269	269	NUM
cblr-14251	28	19	a.	a.	NOUN
cblr-14251	28	20	what	what	PRON
cblr-14251	28	21	do	do	AUX
cblr-14251	28	22	the	the	DET
cblr-14251	28	23	securities	security	NOUN
cblr-14251	28	24	fraud	fraud	NOUN
cblr-14251	28	25	laws	law	NOUN
cblr-14251	28	26	protect	protect	VERB
cblr-14251	28	27	?	?	PUNCT
cblr-14251	29	1	270	270	NUM
cblr-14251	29	2	b.	b.	PROPN
cblr-14251	29	3	falsity	falsity	NOUN
cblr-14251	29	4	...............................................................	...............................................................	PUNCT
cblr-14251	29	5	273	273	NUM
cblr-14251	29	6	c.	c.	NOUN
cblr-14251	29	7	materiality	materiality	NOUN
cblr-14251	29	8	........................................................	........................................................	PUNCT
cblr-14251	29	9	276	276	NUM
cblr-14251	29	10	d.	d.	NOUN
cblr-14251	29	11	“	"	PUNCT
cblr-14251	29	12	in	in	ADP
cblr-14251	29	13	connection	connection	NOUN
cblr-14251	29	14	with	with	ADP
cblr-14251	29	15	”	"	PUNCT
cblr-14251	29	16	.......................................	.......................................	PROPN
cblr-14251	29	17	283	283	NUM
cblr-14251	29	18	e.	e.	PROPN
cblr-14251	29	19	reliance	reliance	PROPN
cblr-14251	29	20	.............................................................	.............................................................	PUNCT
cblr-14251	30	1	285	285	NUM
cblr-14251	30	2	f.	f.	NOUN
cblr-14251	30	3	the	the	DET
cblr-14251	30	4	limits	limit	NOUN
cblr-14251	30	5	of	of	ADP
cblr-14251	30	6	securities	security	NOUN
cblr-14251	30	7	fraud	fraud	NOUN
cblr-14251	30	8	doctrine	doctrine	NOUN
cblr-14251	30	9	........	........	PUNCT
cblr-14251	31	1	289	289	NUM
cblr-14251	32	1	v.	v.	ADP
cblr-14251	32	2	how	how	SCONJ
cblr-14251	32	3	should	should	AUX
cblr-14251	32	4	the	the	DET
cblr-14251	32	5	securities	security	NOUN
cblr-14251	32	6	laws	law	NOUN
cblr-14251	32	7	respond	respond	VERB
cblr-14251	32	8	?	?	PUNCT
cblr-14251	32	9	.......	.......	PUNCT
cblr-14251	33	1	290	290	NUM
cblr-14251	33	2	a.	a.	NOUN
cblr-14251	33	3	a	a	DET
cblr-14251	33	4	demand	demand	NOUN
cblr-14251	33	5	-	-	PUNCT
cblr-14251	33	6	driven	drive	VERB
cblr-14251	33	7	gray	gray	ADJ
cblr-14251	33	8	area	area	NOUN
cblr-14251	33	9	..........................	..........................	PUNCT
cblr-14251	33	10	291	291	NUM
cblr-14251	33	11	b.	b.	PROPN
cblr-14251	33	12	demand	demand	NOUN
cblr-14251	33	13	as	as	ADP
cblr-14251	33	14	information	information	NOUN
cblr-14251	33	15	...................................	...................................	PUNCT
cblr-14251	33	16	295	295	NUM
cblr-14251	33	17	c.	c.	NOUN
cblr-14251	33	18	possible	possible	ADJ
cblr-14251	33	19	responses	response	NOUN
cblr-14251	33	20	...........................................	...........................................	PUNCT
cblr-14251	33	21	296	296	NUM
cblr-14251	33	22	conclusion	conclusion	NOUN
cblr-14251	33	23	.....................................................................	.....................................................................	PUNCT
cblr-14251	33	24	306	306	NUM
cblr-14251	33	25	introduction	introduction	NOUN
cblr-14251	33	26	since	since	SCONJ
cblr-14251	33	27	their	their	PRON
cblr-14251	33	28	enactment	enactment	NOUN
cblr-14251	33	29	nearly	nearly	ADV
cblr-14251	33	30	a	a	PRON
cblr-14251	33	31	century	century	NOUN
cblr-14251	33	32	ago	ago	ADV
cblr-14251	33	33	,	,	PUNCT
cblr-14251	33	34	securities	security	NOUN
cblr-14251	33	35	fraud	fraud	NOUN
cblr-14251	33	36	laws	law	NOUN
cblr-14251	33	37	have	have	AUX
cblr-14251	33	38	provided	provide	VERB
cblr-14251	33	39	a	a	DET
cblr-14251	33	40	primary	primary	ADJ
cblr-14251	33	41	defense	defense	NOUN
cblr-14251	33	42	against	against	ADP
cblr-14251	33	43	misinformation	misinformation	NOUN
cblr-14251	33	44	in	in	ADP
cblr-14251	33	45	the	the	DET
cblr-14251	33	46	stock	stock	NOUN
cblr-14251	33	47	markets	market	NOUN
cblr-14251	33	48	.	.	PUNCT
cblr-14251	34	1	and	and	CCONJ
cblr-14251	34	2	for	for	ADP
cblr-14251	34	3	nearly	nearly	ADV
cblr-14251	34	4	a	a	PRON
cblr-14251	34	5	century	century	NOUN
cblr-14251	34	6	,	,	PUNCT
cblr-14251	34	7	these	these	DET
cblr-14251	34	8	laws	law	NOUN
cblr-14251	34	9	have	have	AUX
cblr-14251	34	10	adapted	adapt	VERB
cblr-14251	34	11	to	to	ADP
cblr-14251	34	12	emerging	emerge	VERB
cblr-14251	34	13	technologies	technology	NOUN
cblr-14251	34	14	and	and	CCONJ
cblr-14251	34	15	iterative	iterative	ADJ
cblr-14251	34	16	developments	development	NOUN
cblr-14251	34	17	in	in	ADP
cblr-14251	34	18	financial	financial	ADJ
cblr-14251	34	19	crime.1	crime.1	INTJ
cblr-14251	34	20	yet	yet	ADV
cblr-14251	34	21	for	for	ADP
cblr-14251	34	22	all	all	DET
cblr-14251	34	23	their	their	PRON
cblr-14251	34	24	expansiveness	expansiveness	NOUN
cblr-14251	34	25	,	,	PUNCT
cblr-14251	34	26	the	the	DET
cblr-14251	34	27	securities	security	NOUN
cblr-14251	34	28	fraud	fraud	NOUN
cblr-14251	34	29	laws	law	NOUN
cblr-14251	34	30	do	do	AUX
cblr-14251	34	31	not	not	PART
cblr-14251	34	32	protect	protect	VERB
cblr-14251	34	33	against	against	ADP
cblr-14251	34	34	any	any	PRON
cblr-14251	34	35	and	and	CCONJ
cblr-14251	34	36	all	all	DET
cblr-14251	34	37	statements	statement	NOUN
cblr-14251	34	38	.	.	PUNCT
cblr-14251	35	1	section	section	NOUN
cblr-14251	35	2	10(b	10(b	NUM
cblr-14251	35	3	)	)	PUNCT
cblr-14251	35	4	of	of	ADP
cblr-14251	35	5	the	the	DET
cblr-14251	35	6	securities	securities	PROPN
cblr-14251	35	7	exchange	exchange	PROPN
cblr-14251	35	8	act	act	PROPN
cblr-14251	35	9	and	and	CCONJ
cblr-14251	35	10	its	its	PRON
cblr-14251	35	11	accompanying	accompany	VERB
cblr-14251	35	12	rule	rule	NOUN
cblr-14251	35	13	10b-5,2	10b-5,2	NUM
cblr-14251	35	14	under	under	ADP
cblr-14251	35	15	which	which	PRON
cblr-14251	35	16	1	1	NUM
cblr-14251	35	17	see	see	VERB
cblr-14251	35	18	generally	generally	ADV
cblr-14251	35	19	a.c	a.c	PROPN
cblr-14251	35	20	.	.	PROPN
cblr-14251	35	21	pritchard	pritchard	PROPN
cblr-14251	35	22	&	&	CCONJ
cblr-14251	35	23	robert	robert	PROPN
cblr-14251	35	24	b.	b.	PROPN
cblr-14251	35	25	thompson	thompson	PROPN
cblr-14251	35	26	,	,	PUNCT
cblr-14251	35	27	a	a	DET
cblr-14251	35	28	history	history	NOUN
cblr-14251	35	29	of	of	ADP
cblr-14251	35	30	securities	security	NOUN
cblr-14251	35	31	law	law	NOUN
cblr-14251	35	32	in	in	ADP
cblr-14251	35	33	the	the	DET
cblr-14251	35	34	supreme	supreme	PROPN
cblr-14251	35	35	court	court	PROPN
cblr-14251	35	36	(	(	PUNCT
cblr-14251	35	37	2023	2023	NUM
cblr-14251	35	38	)	)	PUNCT
cblr-14251	35	39	(	(	PUNCT
cblr-14251	35	40	providing	provide	VERB
cblr-14251	35	41	a	a	DET
cblr-14251	35	42	history	history	NOUN
cblr-14251	35	43	of	of	ADP
cblr-14251	35	44	the	the	DET
cblr-14251	35	45	development	development	NOUN
cblr-14251	35	46	of	of	ADP
cblr-14251	35	47	federal	federal	ADJ
cblr-14251	35	48	securities	security	NOUN
cblr-14251	35	49	laws	law	NOUN
cblr-14251	35	50	)	)	PUNCT
cblr-14251	35	51	.	.	PUNCT
cblr-14251	36	1	2	2	NUM
cblr-14251	36	2	securities	security	NOUN
cblr-14251	36	3	exchange	exchange	PROPN
cblr-14251	36	4	act	act	NOUN
cblr-14251	36	5	of	of	ADP
cblr-14251	36	6	1934	1934	NUM
cblr-14251	36	7	,	,	PUNCT
cblr-14251	36	8	15	15	NUM
cblr-14251	36	9	u.s.c	u.s.c	NOUN
cblr-14251	36	10	.	.	PUNCT
cblr-14251	36	11	,	,	PUNCT
cblr-14251	36	12	§	§	PROPN
cblr-14251	36	13	78j(b	78j(b	NUM
cblr-14251	36	14	)	)	PUNCT
cblr-14251	36	15	.	.	PUNCT
cblr-14251	37	1	rule	rule	NOUN
cblr-14251	37	2	10b-5	10b-5	NUM
cblr-14251	37	3	makes	make	VERB
cblr-14251	37	4	it	it	PRON
cblr-14251	37	5	illegal	illegal	ADJ
cblr-14251	37	6	:	:	PUNCT
cblr-14251	37	7	(	(	PUNCT
cblr-14251	37	8	a	a	X
cblr-14251	37	9	)	)	PUNCT
cblr-14251	37	10	to	to	PART
cblr-14251	37	11	employ	employ	VERB
cblr-14251	37	12	any	any	DET
cblr-14251	37	13	device	device	NOUN
cblr-14251	37	14	,	,	PUNCT
cblr-14251	37	15	scheme	scheme	NOUN
cblr-14251	37	16	,	,	PUNCT
cblr-14251	37	17	or	or	CCONJ
cblr-14251	37	18	artifice	artifice	VERB
cblr-14251	37	19	to	to	PART
cblr-14251	37	20	defraud	defraud	VERB
cblr-14251	37	21	,	,	PUNCT
cblr-14251	37	22	(	(	PUNCT
cblr-14251	37	23	b	b	X
cblr-14251	37	24	)	)	PUNCT
cblr-14251	37	25	to	to	PART
cblr-14251	37	26	make	make	VERB
cblr-14251	37	27	any	any	DET
cblr-14251	37	28	untrue	untrue	ADJ
cblr-14251	37	29	statement	statement	NOUN
cblr-14251	37	30	of	of	ADP
cblr-14251	37	31	a	a	DET
cblr-14251	37	32	material	material	ADJ
cblr-14251	37	33	fact	fact	NOUN
cblr-14251	37	34	or	or	CCONJ
cblr-14251	37	35	to	to	PART
cblr-14251	37	36	omit	omit	VERB
cblr-14251	37	37	to	to	PART
cblr-14251	37	38	state	state	VERB
cblr-14251	37	39	a	a	DET
cblr-14251	37	40	material	material	ADJ
cblr-14251	37	41	fact	fact	NOUN
cblr-14251	37	42	necessary	necessary	ADJ
cblr-14251	37	43	in	in	ADP
cblr-14251	37	44	order	order	NOUN
cblr-14251	37	45	to	to	PART
cblr-14251	37	46	make	make	VERB
cblr-14251	37	47	the	the	DET
cblr-14251	37	48	statements	statement	NOUN
cblr-14251	37	49	made	make	VERB
cblr-14251	37	50	,	,	PUNCT
cblr-14251	37	51	in	in	ADP
cblr-14251	37	52	the	the	DET
cblr-14251	37	53	light	light	NOUN
cblr-14251	37	54	of	of	ADP
cblr-14251	37	55	the	the	DET
cblr-14251	37	56	circumstances	circumstance	NOUN
cblr-14251	37	57	under	under	ADP
cblr-14251	37	58	which	which	PRON
cblr-14251	37	59	they	they	PRON
cblr-14251	37	60	were	be	AUX
cblr-14251	37	61	made	make	VERB
cblr-14251	37	62	,	,	PUNCT
cblr-14251	37	63	not	not	PART
cblr-14251	37	64	228	228	NUM
cblr-14251	37	65	columbia	columbia	PROPN
cblr-14251	37	66	business	business	NOUN
cblr-14251	37	67	law	law	PROPN
cblr-14251	37	68	review	review	NOUN
cblr-14251	37	69	[	[	X
cblr-14251	37	70	vol	vol	NOUN
cblr-14251	37	71	.	.	PUNCT
cblr-14251	38	1	2025	2025	NUM
cblr-14251	38	2	the	the	DET
cblr-14251	38	3	majority	majority	NOUN
cblr-14251	38	4	of	of	ADP
cblr-14251	38	5	securities	security	NOUN
cblr-14251	38	6	fraud	fraud	NOUN
cblr-14251	38	7	lawsuits	lawsuit	NOUN
cblr-14251	38	8	are	be	AUX
cblr-14251	38	9	brought	bring	VERB
cblr-14251	38	10	by	by	ADP
cblr-14251	38	11	private	private	ADJ
cblr-14251	38	12	plaintiffs	plaintiff	NOUN
cblr-14251	38	13	,	,	PUNCT
cblr-14251	38	14	protect	protect	VERB
cblr-14251	38	15	against	against	ADP
cblr-14251	38	16	statements	statement	NOUN
cblr-14251	38	17	that	that	PRON
cblr-14251	38	18	are	be	AUX
cblr-14251	38	19	false	false	ADJ
cblr-14251	38	20	,	,	PUNCT
cblr-14251	38	21	material	material	NOUN
cblr-14251	38	22	,	,	PUNCT
cblr-14251	38	23	and	and	CCONJ
cblr-14251	38	24	made	make	VERB
cblr-14251	38	25	in	in	ADP
cblr-14251	38	26	connection	connection	NOUN
cblr-14251	38	27	with	with	ADP
cblr-14251	38	28	the	the	DET
cblr-14251	38	29	purchase	purchase	NOUN
cblr-14251	38	30	or	or	CCONJ
cblr-14251	38	31	sale	sale	NOUN
cblr-14251	38	32	of	of	ADP
cblr-14251	38	33	a	a	DET
cblr-14251	38	34	security	security	NOUN
cblr-14251	38	35	(	(	PUNCT
cblr-14251	38	36	among	among	ADP
cblr-14251	38	37	other	other	ADJ
cblr-14251	38	38	requirements).3	requirements).3	PROPN
cblr-14251	38	39	but	but	CCONJ
cblr-14251	38	40	what	what	PRON
cblr-14251	38	41	are	be	AUX
cblr-14251	38	42	the	the	DET
cblr-14251	38	43	boundaries	boundary	NOUN
cblr-14251	38	44	around	around	ADP
cblr-14251	38	45	actionable	actionable	ADJ
cblr-14251	38	46	misinformation	misinformation	NOUN
cblr-14251	38	47	?	?	PUNCT
cblr-14251	39	1	as	as	ADP
cblr-14251	39	2	the	the	DET
cblr-14251	39	3	voices	voice	NOUN
cblr-14251	39	4	of	of	ADP
cblr-14251	39	5	retail	retail	ADJ
cblr-14251	39	6	investors	investor	NOUN
cblr-14251	39	7	,	,	PUNCT
cblr-14251	39	8	social	social	ADJ
cblr-14251	39	9	media	medium	NOUN
cblr-14251	39	10	influencers	influencer	NOUN
cblr-14251	39	11	(	(	PUNCT
cblr-14251	39	12	“	"	PUNCT
cblr-14251	39	13	finfluencers	finfluencer	NOUN
cblr-14251	39	14	”	"	PUNCT
cblr-14251	39	15	)	)	PUNCT
cblr-14251	39	16	,	,	PUNCT
cblr-14251	39	17	and	and	CCONJ
cblr-14251	39	18	other	other	ADJ
cblr-14251	39	19	non	non	ADJ
cblr-14251	39	20	-	-	ADJ
cblr-14251	39	21	traditional	traditional	ADJ
cblr-14251	39	22	,	,	PUNCT
cblr-14251	39	23	values	value	NOUN
cblr-14251	39	24	-	-	PUNCT
cblr-14251	39	25	driven	drive	VERB
cblr-14251	39	26	investors	investor	NOUN
cblr-14251	39	27	in	in	ADP
cblr-14251	39	28	today	today	NOUN
cblr-14251	39	29	’s	’s	PART
cblr-14251	39	30	capital	capital	NOUN
cblr-14251	39	31	markets	market	NOUN
cblr-14251	39	32	have	have	AUX
cblr-14251	39	33	grown	grow	VERB
cblr-14251	39	34	in	in	ADP
cblr-14251	39	35	volume	volume	NOUN
cblr-14251	39	36	and	and	CCONJ
cblr-14251	39	37	strength	strength	NOUN
cblr-14251	39	38	,	,	PUNCT
cblr-14251	39	39	the	the	DET
cblr-14251	39	40	answer	answer	NOUN
cblr-14251	39	41	to	to	ADP
cblr-14251	39	42	this	this	DET
cblr-14251	39	43	question	question	NOUN
cblr-14251	39	44	has	have	AUX
cblr-14251	39	45	become	become	VERB
cblr-14251	39	46	increasingly	increasingly	ADV
cblr-14251	39	47	fraught	fraught	ADJ
cblr-14251	39	48	.	.	PUNCT
cblr-14251	40	1	do	do	VERB
cblr-14251	40	2	certain	certain	ADJ
cblr-14251	40	3	forms	form	NOUN
cblr-14251	40	4	of	of	ADP
cblr-14251	40	5	non	non	ADJ
cblr-14251	40	6	-	-	ADJ
cblr-14251	40	7	traditional	traditional	ADJ
cblr-14251	40	8	,	,	PUNCT
cblr-14251	40	9	non	non	ADJ
cblr-14251	40	10	-	-	ADJ
cblr-14251	40	11	financial	financial	ADJ
cblr-14251	40	12	information	information	NOUN
cblr-14251	40	13	move	move	NOUN
cblr-14251	40	14	markets	market	NOUN
cblr-14251	40	15	and	and	CCONJ
cblr-14251	40	16	cause	cause	VERB
cblr-14251	40	17	the	the	DET
cblr-14251	40	18	same	same	ADJ
cblr-14251	40	19	sort	sort	NOUN
cblr-14251	40	20	of	of	ADP
cblr-14251	40	21	harms	harm	NOUN
cblr-14251	40	22	that	that	PRON
cblr-14251	40	23	false	false	ADJ
cblr-14251	40	24	financial	financial	ADJ
cblr-14251	40	25	information	information	NOUN
cblr-14251	40	26	does	do	VERB
cblr-14251	40	27	?	?	PUNCT
cblr-14251	41	1	and	and	CCONJ
cblr-14251	41	2	,	,	PUNCT
cblr-14251	41	3	how	how	SCONJ
cblr-14251	41	4	well	well	ADV
cblr-14251	41	5	equipped	equip	VERB
cblr-14251	41	6	are	be	AUX
cblr-14251	41	7	the	the	DET
cblr-14251	41	8	securities	security	NOUN
cblr-14251	41	9	fraud	fraud	NOUN
cblr-14251	41	10	laws	law	NOUN
cblr-14251	41	11	to	to	PART
cblr-14251	41	12	respond	respond	VERB
cblr-14251	41	13	?	?	PUNCT
cblr-14251	42	1	while	while	SCONJ
cblr-14251	42	2	these	these	DET
cblr-14251	42	3	questions	question	NOUN
cblr-14251	42	4	are	be	AUX
cblr-14251	42	5	not	not	PART
cblr-14251	42	6	new	new	ADJ
cblr-14251	42	7	,	,	PUNCT
cblr-14251	42	8	recent	recent	ADJ
cblr-14251	42	9	trends	trend	NOUN
cblr-14251	42	10	in	in	ADP
cblr-14251	42	11	stock	stock	NOUN
cblr-14251	42	12	market	market	NOUN
cblr-14251	42	13	trading	trading	NOUN
cblr-14251	42	14	,	,	PUNCT
cblr-14251	42	15	especially	especially	ADV
cblr-14251	42	16	with	with	ADP
cblr-14251	42	17	respect	respect	NOUN
cblr-14251	42	18	to	to	ADP
cblr-14251	42	19	retail	retail	ADJ
cblr-14251	42	20	investors	investor	NOUN
cblr-14251	42	21	,	,	PUNCT
cblr-14251	42	22	make	make	VERB
cblr-14251	42	23	them	they	PRON
cblr-14251	42	24	more	more	ADV
cblr-14251	42	25	salient	salient	NOUN
cblr-14251	42	26	than	than	ADP
cblr-14251	42	27	ever	ever	ADV
cblr-14251	42	28	before	before	ADV
cblr-14251	42	29	.	.	PUNCT
cblr-14251	43	1	this	this	PRON
cblr-14251	43	2	is	be	AUX
cblr-14251	43	3	because	because	SCONJ
cblr-14251	43	4	today	today	NOUN
cblr-14251	43	5	’s	’s	PART
cblr-14251	43	6	stock	stock	NOUN
cblr-14251	43	7	market	market	PROPN
cblr-14251	43	8	information	information	NOUN
cblr-14251	43	9	ecosystem	ecosystem	NOUN
cblr-14251	43	10	is	be	AUX
cblr-14251	43	11	changing	change	VERB
cblr-14251	43	12	.	.	PUNCT
cblr-14251	44	1	different	different	ADJ
cblr-14251	44	2	stocks	stock	NOUN
cblr-14251	44	3	experience	experience	VERB
cblr-14251	44	4	different	different	ADJ
cblr-14251	44	5	demand	demand	NOUN
cblr-14251	44	6	across	across	ADP
cblr-14251	44	7	investors	investor	NOUN
cblr-14251	44	8	—	—	PUNCT
cblr-14251	44	9	as	as	ADP
cblr-14251	44	10	a	a	DET
cblr-14251	44	11	result	result	NOUN
cblr-14251	44	12	of	of	ADP
cblr-14251	44	13	non	non	ADJ
cblr-14251	44	14	-	-	ADJ
cblr-14251	44	15	financial	financial	ADJ
cblr-14251	44	16	characteristics	characteristic	NOUN
cblr-14251	44	17	.	.	PUNCT
cblr-14251	45	1	investors	investor	NOUN
cblr-14251	45	2	increasingly	increasingly	ADV
cblr-14251	45	3	choose	choose	VERB
cblr-14251	45	4	companies	company	NOUN
cblr-14251	45	5	to	to	PART
cblr-14251	45	6	invest	invest	VERB
cblr-14251	45	7	in	in	ADP
cblr-14251	45	8	based	base	VERB
cblr-14251	45	9	on	on	ADP
cblr-14251	45	10	demand	demand	NOUN
cblr-14251	45	11	-	-	PUNCT
cblr-14251	45	12	driven	drive	VERB
cblr-14251	45	13	factors	factor	NOUN
cblr-14251	45	14	such	such	ADJ
cblr-14251	45	15	as	as	ADP
cblr-14251	45	16	alignment	alignment	NOUN
cblr-14251	45	17	on	on	ADP
cblr-14251	45	18	environmental	environmental	ADJ
cblr-14251	45	19	,	,	PUNCT
cblr-14251	45	20	social	social	ADJ
cblr-14251	45	21	and	and	CCONJ
cblr-14251	45	22	governance	governance	NOUN
cblr-14251	45	23	(	(	PUNCT
cblr-14251	45	24	esg	esg	NOUN
cblr-14251	45	25	)	)	PUNCT
cblr-14251	45	26	issues	issue	NOUN
cblr-14251	45	27	,	,	PUNCT
cblr-14251	45	28	an	an	DET
cblr-14251	45	29	influential	influential	ADJ
cblr-14251	45	30	investor	investor	NOUN
cblr-14251	45	31	’s	’s	PART
cblr-14251	45	32	commentary	commentary	NOUN
cblr-14251	45	33	on	on	ADP
cblr-14251	45	34	a	a	DET
cblr-14251	45	35	security	security	NOUN
cblr-14251	45	36	,	,	PUNCT
cblr-14251	45	37	and	and	CCONJ
cblr-14251	45	38	preferences	preference	NOUN
cblr-14251	45	39	between	between	ADP
cblr-14251	45	40	cultural	cultural	ADJ
cblr-14251	45	41	and	and	CCONJ
cblr-14251	45	42	political	political	ADJ
cblr-14251	45	43	values	value	NOUN
cblr-14251	45	44	—	—	PUNCT
cblr-14251	45	45	in	in	ADP
cblr-14251	45	46	addition	addition	NOUN
cblr-14251	45	47	to	to	ADP
cblr-14251	45	48	seeking	seek	VERB
cblr-14251	45	49	financial	financial	ADJ
cblr-14251	45	50	returns	return	NOUN
cblr-14251	45	51	.	.	PUNCT
cblr-14251	46	1	these	these	DET
cblr-14251	46	2	demand	demand	NOUN
cblr-14251	46	3	-	-	PUNCT
cblr-14251	46	4	driven	drive	VERB
cblr-14251	46	5	factors	factor	NOUN
cblr-14251	46	6	differ	differ	VERB
cblr-14251	46	7	from	from	ADP
cblr-14251	46	8	the	the	DET
cblr-14251	46	9	kinds	kind	NOUN
cblr-14251	46	10	of	of	ADP
cblr-14251	46	11	information	information	NOUN
cblr-14251	46	12	traditionally	traditionally	ADV
cblr-14251	46	13	believed	believe	VERB
cblr-14251	46	14	to	to	PART
cblr-14251	46	15	move	move	VERB
cblr-14251	46	16	stock	stock	NOUN
cblr-14251	46	17	prices	price	NOUN
cblr-14251	46	18	—	—	PUNCT
cblr-14251	46	19	primarily	primarily	ADV
cblr-14251	46	20	financial	financial	ADJ
cblr-14251	46	21	information	information	NOUN
cblr-14251	46	22	related	relate	VERB
cblr-14251	46	23	to	to	ADP
cblr-14251	46	24	an	an	DET
cblr-14251	46	25	issuer	issuer	NOUN
cblr-14251	46	26	’s	’s	PART
cblr-14251	46	27	cash	cash	NOUN
cblr-14251	46	28	flows	flow	NOUN
cblr-14251	46	29	.	.	PUNCT
cblr-14251	47	1	traditional	traditional	ADJ
cblr-14251	47	2	corporate	corporate	ADJ
cblr-14251	47	3	finance	finance	NOUN
cblr-14251	47	4	theory	theory	NOUN
cblr-14251	47	5	misleading	misleading	ADJ
cblr-14251	47	6	,	,	PUNCT
cblr-14251	47	7	or	or	CCONJ
cblr-14251	47	8	(	(	PUNCT
cblr-14251	47	9	c	c	X
cblr-14251	47	10	)	)	PUNCT
cblr-14251	47	11	to	to	PART
cblr-14251	47	12	engage	engage	VERB
cblr-14251	47	13	in	in	ADP
cblr-14251	47	14	any	any	DET
cblr-14251	47	15	act	act	NOUN
cblr-14251	47	16	,	,	PUNCT
cblr-14251	47	17	practice	practice	NOUN
cblr-14251	47	18	,	,	PUNCT
cblr-14251	47	19	or	or	CCONJ
cblr-14251	47	20	course	course	NOUN
cblr-14251	47	21	of	of	ADP
cblr-14251	47	22	business	business	NOUN
cblr-14251	47	23	which	which	PRON
cblr-14251	47	24	operates	operate	VERB
cblr-14251	47	25	or	or	CCONJ
cblr-14251	47	26	would	would	AUX
cblr-14251	47	27	operate	operate	VERB
cblr-14251	47	28	as	as	ADP
cblr-14251	47	29	a	a	DET
cblr-14251	47	30	fraud	fraud	NOUN
cblr-14251	47	31	or	or	CCONJ
cblr-14251	47	32	deceit	deceit	NOUN
cblr-14251	47	33	upon	upon	SCONJ
cblr-14251	47	34	any	any	DET
cblr-14251	47	35	person	person	NOUN
cblr-14251	47	36	.	.	PUNCT
cblr-14251	48	1	employment	employment	NOUN
cblr-14251	48	2	of	of	ADP
cblr-14251	48	3	manipulative	manipulative	ADJ
cblr-14251	48	4	and	and	CCONJ
cblr-14251	48	5	deceptive	deceptive	ADJ
cblr-14251	48	6	devices	device	NOUN
cblr-14251	48	7	,	,	PUNCT
cblr-14251	48	8	17	17	NUM
cblr-14251	48	9	c.f.r	c.f.r	NOUN
cblr-14251	48	10	.	.	PUNCT
cblr-14251	49	1	§	§	PROPN
cblr-14251	49	2	240.10b-5	240.10b-5	NUM
cblr-14251	49	3	(	(	PUNCT
cblr-14251	49	4	2023	2023	NUM
cblr-14251	49	5	)	)	PUNCT
cblr-14251	49	6	.	.	PUNCT
cblr-14251	50	1	3	3	NUM
cblr-14251	50	2	a	a	DET
cblr-14251	50	3	private	private	ADJ
cblr-14251	50	4	claim	claim	NOUN
cblr-14251	50	5	under	under	ADP
cblr-14251	50	6	section	section	NOUN
cblr-14251	50	7	10(b	10(b	NUM
cblr-14251	50	8	)	)	PUNCT
cblr-14251	50	9	must	must	AUX
cblr-14251	50	10	show	show	VERB
cblr-14251	50	11	:	:	PUNCT
cblr-14251	50	12	a	a	DET
cblr-14251	50	13	materially	materially	ADV
cblr-14251	50	14	manipulative	manipulative	ADJ
cblr-14251	50	15	or	or	CCONJ
cblr-14251	50	16	deceptive	deceptive	ADJ
cblr-14251	50	17	misstatement	misstatement	NOUN
cblr-14251	50	18	;	;	PUNCT
cblr-14251	50	19	made	make	VERB
cblr-14251	50	20	with	with	ADP
cblr-14251	50	21	scienter	scienter	NOUN
cblr-14251	50	22	;	;	PUNCT
cblr-14251	50	23	in	in	ADP
cblr-14251	50	24	connection	connection	NOUN
cblr-14251	50	25	with	with	ADP
cblr-14251	50	26	a	a	DET
cblr-14251	50	27	securities	security	NOUN
cblr-14251	50	28	transaction	transaction	NOUN
cblr-14251	50	29	;	;	PUNCT
cblr-14251	50	30	that	that	SCONJ
cblr-14251	50	31	the	the	DET
cblr-14251	50	32	plaintiff	plaintiff	NOUN
cblr-14251	50	33	relied	rely	VERB
cblr-14251	50	34	on	on	ADP
cblr-14251	50	35	the	the	DET
cblr-14251	50	36	statement	statement	NOUN
cblr-14251	50	37	;	;	PUNCT
cblr-14251	50	38	economic	economic	ADJ
cblr-14251	50	39	losses	loss	NOUN
cblr-14251	50	40	;	;	PUNCT
cblr-14251	50	41	and	and	CCONJ
cblr-14251	50	42	loss	loss	NOUN
cblr-14251	50	43	causation	causation	NOUN
cblr-14251	50	44	.	.	PUNCT
cblr-14251	51	1	see	see	VERB
cblr-14251	51	2	ann	ann	PROPN
cblr-14251	51	3	m.	m.	PROPN
cblr-14251	51	4	lipton	lipton	PROPN
cblr-14251	51	5	,	,	PUNCT
cblr-14251	51	6	fact	fact	NOUN
cblr-14251	51	7	or	or	CCONJ
cblr-14251	51	8	fiction	fiction	NOUN
cblr-14251	51	9	:	:	PUNCT
cblr-14251	51	10	flawed	flaw	VERB
cblr-14251	51	11	approaches	approach	NOUN
cblr-14251	51	12	to	to	ADP
cblr-14251	51	13	evaluating	evaluate	VERB
cblr-14251	51	14	market	market	NOUN
cblr-14251	51	15	behavior	behavior	NOUN
cblr-14251	51	16	in	in	ADP
cblr-14251	51	17	securities	security	NOUN
cblr-14251	51	18	litigation	litigation	NOUN
cblr-14251	51	19	,	,	PUNCT
cblr-14251	51	20	20	20	NUM
cblr-14251	51	21	tenn	tenn	PROPN
cblr-14251	51	22	.	.	PUNCT
cblr-14251	52	1	j.	j.	PROPN
cblr-14251	52	2	bus	bus	PROPN
cblr-14251	52	3	.	.	PUNCT
cblr-14251	53	1	l.	l.	PROPN
cblr-14251	53	2	741	741	NUM
cblr-14251	53	3	(	(	PUNCT
cblr-14251	53	4	2019	2019	NUM
cblr-14251	53	5	)	)	PUNCT
cblr-14251	53	6	(	(	PUNCT
cblr-14251	53	7	citing	cite	VERB
cblr-14251	53	8	dura	dura	NOUN
cblr-14251	53	9	pharm	pharm	PROPN
cblr-14251	53	10	.	.	PUNCT
cblr-14251	54	1	v.	v.	ADP
cblr-14251	54	2	broudo	broudo	PROPN
cblr-14251	54	3	,	,	PUNCT
cblr-14251	54	4	544	544	NUM
cblr-14251	54	5	u.s	u.s	PROPN
cblr-14251	54	6	.	.	PROPN
cblr-14251	54	7	336	336	NUM
cblr-14251	54	8	,	,	PUNCT
cblr-14251	54	9	341–42	341–42	NUM
cblr-14251	54	10	(	(	PUNCT
cblr-14251	54	11	2005	2005	NUM
cblr-14251	54	12	)	)	PUNCT
cblr-14251	54	13	)	)	PUNCT
cblr-14251	54	14	.	.	PUNCT
cblr-14251	55	1	government	government	NOUN
cblr-14251	55	2	-	-	PUNCT
cblr-14251	55	3	based	base	VERB
cblr-14251	55	4	actions	action	NOUN
cblr-14251	55	5	do	do	AUX
cblr-14251	55	6	not	not	PART
cblr-14251	55	7	require	require	VERB
cblr-14251	55	8	a	a	DET
cblr-14251	55	9	showing	showing	NOUN
cblr-14251	55	10	of	of	ADP
cblr-14251	55	11	reliance	reliance	NOUN
cblr-14251	55	12	.	.	PUNCT
cblr-14251	56	1	see	see	VERB
cblr-14251	56	2	adam	adam	PROPN
cblr-14251	56	3	c.	c.	PROPN
cblr-14251	56	4	pritchard	pritchard	PROPN
cblr-14251	56	5	&	&	CCONJ
cblr-14251	56	6	robert	robert	PROPN
cblr-14251	56	7	b.	b.	PROPN
cblr-14251	56	8	thompson	thompson	PROPN
cblr-14251	56	9	,	,	PUNCT
cblr-14251	56	10	texas	texas	PROPN
cblr-14251	56	11	gulf	gulf	PROPN
cblr-14251	56	12	sulphur	sulphur	NOUN
cblr-14251	56	13	and	and	CCONJ
cblr-14251	56	14	the	the	DET
cblr-14251	56	15	genesis	genesis	NOUN
cblr-14251	56	16	of	of	ADP
cblr-14251	56	17	corporate	corporate	ADJ
cblr-14251	56	18	liability	liability	NOUN
cblr-14251	56	19	under	under	ADP
cblr-14251	56	20	rule	rule	NOUN
cblr-14251	56	21	10b-5	10b-5	NUM
cblr-14251	56	22	,	,	PUNCT
cblr-14251	56	23	71	71	NUM
cblr-14251	56	24	smu	smu	PROPN
cblr-14251	56	25	l.	l.	PROPN
cblr-14251	56	26	rev	rev	PROPN
cblr-14251	56	27	.	.	PROPN
cblr-14251	56	28	927	927	NUM
cblr-14251	56	29	,	,	PUNCT
cblr-14251	56	30	939–42	939–42	NUM
cblr-14251	56	31	(	(	PUNCT
cblr-14251	56	32	2018	2018	NUM
cblr-14251	56	33	)	)	PUNCT
cblr-14251	56	34	.	.	PUNCT
cblr-14251	57	1	no	no	INTJ
cblr-14251	57	2	.	.	NOUN
cblr-14251	57	3	1	1	NUM
cblr-14251	57	4	]	]	PUNCT
cblr-14251	57	5	securities	security	NOUN
cblr-14251	57	6	fraud	fraud	NOUN
cblr-14251	57	7	and	and	CCONJ
cblr-14251	57	8	the	the	DET
cblr-14251	57	9	market	market	NOUN
cblr-14251	57	10	for	for	ADP
cblr-14251	57	11	individual	individual	ADJ
cblr-14251	57	12	stocks	stock	NOUN
cblr-14251	57	13	229	229	NUM
cblr-14251	57	14	indicates	indicate	VERB
cblr-14251	57	15	that	that	SCONJ
cblr-14251	57	16	investors	investor	NOUN
cblr-14251	57	17	should	should	AUX
cblr-14251	57	18	be	be	AUX
cblr-14251	57	19	indifferent	indifferent	ADJ
cblr-14251	57	20	between	between	ADP
cblr-14251	57	21	individual	individual	ADJ
cblr-14251	57	22	stocks	stock	NOUN
cblr-14251	57	23	due	due	ADP
cblr-14251	57	24	to	to	ADP
cblr-14251	57	25	their	their	PRON
cblr-14251	57	26	high	high	ADJ
cblr-14251	57	27	substitutability	substitutability	NOUN
cblr-14251	57	28	and	and	CCONJ
cblr-14251	57	29	should	should	AUX
cblr-14251	57	30	accordingly	accordingly	ADV
cblr-14251	57	31	make	make	VERB
cblr-14251	57	32	investment	investment	NOUN
cblr-14251	57	33	decisions	decision	NOUN
cblr-14251	57	34	to	to	PART
cblr-14251	57	35	achieve	achieve	VERB
cblr-14251	57	36	a	a	DET
cblr-14251	57	37	portfolio	portfolio	NOUN
cblr-14251	57	38	with	with	ADP
cblr-14251	57	39	specific	specific	ADJ
cblr-14251	57	40	financial	financial	ADJ
cblr-14251	57	41	characteristics	characteristic	NOUN
cblr-14251	57	42	.	.	PUNCT
cblr-14251	58	1	this	this	DET
cblr-14251	58	2	article	article	NOUN
cblr-14251	58	3	counters	counter	VERB
cblr-14251	58	4	that	that	SCONJ
cblr-14251	58	5	understanding	understanding	NOUN
cblr-14251	58	6	.	.	PUNCT
cblr-14251	59	1	it	it	PRON
cblr-14251	59	2	argues	argue	VERB
cblr-14251	59	3	that	that	SCONJ
cblr-14251	59	4	demand	demand	NOUN
cblr-14251	59	5	-	-	PUNCT
cblr-14251	59	6	driven	drive	VERB
cblr-14251	59	7	investing	investing	NOUN
cblr-14251	59	8	can	can	AUX
cblr-14251	59	9	create	create	VERB
cblr-14251	59	10	a	a	DET
cblr-14251	59	11	market	market	NOUN
cblr-14251	59	12	for	for	ADP
cblr-14251	59	13	individual	individual	ADJ
cblr-14251	59	14	stocks	stock	NOUN
cblr-14251	59	15	and	and	CCONJ
cblr-14251	59	16	offers	offer	VERB
cblr-14251	59	17	a	a	DET
cblr-14251	59	18	framework	framework	NOUN
cblr-14251	59	19	to	to	PART
cblr-14251	59	20	explain	explain	VERB
cblr-14251	59	21	how	how	SCONJ
cblr-14251	59	22	demand	demand	NOUN
cblr-14251	59	23	-	-	PUNCT
cblr-14251	59	24	driven	drive	VERB
cblr-14251	59	25	investing	investing	NOUN
cblr-14251	59	26	motivates	motivate	VERB
cblr-14251	59	27	investors	investor	NOUN
cblr-14251	59	28	and	and	CCONJ
cblr-14251	59	29	affects	affect	VERB
cblr-14251	59	30	price	price	NOUN
cblr-14251	59	31	discovery	discovery	NOUN
cblr-14251	59	32	.	.	PUNCT
cblr-14251	60	1	while	while	SCONJ
cblr-14251	60	2	demand	demand	NOUN
cblr-14251	60	3	-	-	PUNCT
cblr-14251	60	4	driven	drive	VERB
cblr-14251	60	5	investing	investing	NOUN
cblr-14251	60	6	has	have	AUX
cblr-14251	60	7	long	long	ADV
cblr-14251	60	8	been	be	AUX
cblr-14251	60	9	understood	understand	VERB
cblr-14251	60	10	to	to	PART
cblr-14251	60	11	exist	exist	VERB
cblr-14251	60	12	,	,	PUNCT
cblr-14251	60	13	most	most	ADJ
cblr-14251	60	14	commentary	commentary	NOUN
cblr-14251	60	15	has	have	AUX
cblr-14251	60	16	either	either	CCONJ
cblr-14251	60	17	dismissed	dismiss	VERB
cblr-14251	60	18	the	the	DET
cblr-14251	60	19	phenomenon	phenomenon	NOUN
cblr-14251	60	20	as	as	ADP
cblr-14251	60	21	noise	noise	NOUN
cblr-14251	60	22	or	or	CCONJ
cblr-14251	60	23	attempted	attempt	VERB
cblr-14251	60	24	to	to	PART
cblr-14251	60	25	absorb	absorb	VERB
cblr-14251	60	26	it	it	PRON
cblr-14251	60	27	into	into	ADP
cblr-14251	60	28	existing	exist	VERB
cblr-14251	60	29	models	model	NOUN
cblr-14251	60	30	of	of	ADP
cblr-14251	60	31	fundamental	fundamental	ADJ
cblr-14251	60	32	value	value	NOUN
cblr-14251	60	33	-	-	PUNCT
cblr-14251	60	34	based	base	VERB
cblr-14251	60	35	investing	investing	NOUN
cblr-14251	60	36	.	.	PUNCT
cblr-14251	61	1	this	this	DET
cblr-14251	61	2	article	article	NOUN
cblr-14251	61	3	argues	argue	VERB
cblr-14251	61	4	instead	instead	ADV
cblr-14251	61	5	that	that	SCONJ
cblr-14251	61	6	demand	demand	NOUN
cblr-14251	61	7	-	-	PUNCT
cblr-14251	61	8	driven	drive	VERB
cblr-14251	61	9	investing	investing	NOUN
cblr-14251	61	10	can	can	AUX
cblr-14251	61	11	create	create	VERB
cblr-14251	61	12	a	a	DET
cblr-14251	61	13	market	market	NOUN
cblr-14251	61	14	for	for	ADP
cblr-14251	61	15	individual	individual	ADJ
cblr-14251	61	16	stocks	stock	NOUN
cblr-14251	61	17	that	that	PRON
cblr-14251	61	18	is	be	AUX
cblr-14251	61	19	distinct	distinct	ADJ
cblr-14251	61	20	from	from	ADP
cblr-14251	61	21	noisy	noisy	ADJ
cblr-14251	61	22	trading	trading	NOUN
cblr-14251	61	23	as	as	ADV
cblr-14251	61	24	well	well	ADV
cblr-14251	61	25	as	as	ADP
cblr-14251	61	26	from	from	ADP
cblr-14251	61	27	fundamental	fundamental	ADJ
cblr-14251	61	28	value	value	NOUN
cblr-14251	61	29	-	-	PUNCT
cblr-14251	61	30	driven	drive	VERB
cblr-14251	61	31	trading	trading	NOUN
cblr-14251	61	32	.	.	PUNCT
cblr-14251	62	1	understanding	understand	VERB
cblr-14251	62	2	the	the	DET
cblr-14251	62	3	market	market	NOUN
cblr-14251	62	4	as	as	ADP
cblr-14251	62	5	encompassing	encompass	VERB
cblr-14251	62	6	demand	demand	NOUN
cblr-14251	62	7	for	for	ADP
cblr-14251	62	8	individual	individual	ADJ
cblr-14251	62	9	stocks	stock	NOUN
cblr-14251	62	10	yields	yield	VERB
cblr-14251	62	11	important	important	ADJ
cblr-14251	62	12	insights	insight	NOUN
cblr-14251	62	13	for	for	ADP
cblr-14251	62	14	the	the	DET
cblr-14251	62	15	reach	reach	NOUN
cblr-14251	62	16	and	and	CCONJ
cblr-14251	62	17	limits	limit	NOUN
cblr-14251	62	18	of	of	ADP
cblr-14251	62	19	securities	security	NOUN
cblr-14251	62	20	fraud	fraud	NOUN
cblr-14251	62	21	laws	law	NOUN
cblr-14251	62	22	.	.	PUNCT
cblr-14251	63	1	in	in	ADP
cblr-14251	63	2	a	a	DET
cblr-14251	63	3	world	world	NOUN
cblr-14251	63	4	where	where	SCONJ
cblr-14251	63	5	stocks	stock	NOUN
cblr-14251	63	6	and	and	CCONJ
cblr-14251	63	7	investors	investor	NOUN
cblr-14251	63	8	respond	respond	VERB
cblr-14251	63	9	primarily	primarily	ADV
cblr-14251	63	10	to	to	ADP
cblr-14251	63	11	financial	financial	ADJ
cblr-14251	63	12	information	information	NOUN
cblr-14251	63	13	,	,	PUNCT
cblr-14251	63	14	securities	security	NOUN
cblr-14251	63	15	fraud	fraud	NOUN
cblr-14251	63	16	laws	law	NOUN
cblr-14251	63	17	are	be	AUX
cblr-14251	63	18	sensibly	sensibly	ADV
cblr-14251	63	19	designed	design	VERB
cblr-14251	63	20	to	to	PART
cblr-14251	63	21	protect	protect	VERB
cblr-14251	63	22	the	the	DET
cblr-14251	63	23	informational	informational	ADJ
cblr-14251	63	24	integrity	integrity	NOUN
cblr-14251	63	25	of	of	ADP
cblr-14251	63	26	stock	stock	NOUN
cblr-14251	63	27	prices	price	NOUN
cblr-14251	63	28	and	and	CCONJ
cblr-14251	63	29	investors	investor	NOUN
cblr-14251	63	30	’	’	PART
cblr-14251	63	31	reliance	reliance	NOUN
cblr-14251	63	32	thereon	thereon	NOUN
cblr-14251	63	33	.	.	PUNCT
cblr-14251	64	1	securities	security	NOUN
cblr-14251	64	2	fraud	fraud	NOUN
cblr-14251	64	3	laws	law	NOUN
cblr-14251	64	4	prohibit	prohibit	VERB
cblr-14251	64	5	materially	materially	ADV
cblr-14251	64	6	misleading	mislead	VERB
cblr-14251	64	7	information	information	NOUN
cblr-14251	64	8	,	,	PUNCT
cblr-14251	64	9	which	which	PRON
cblr-14251	64	10	is	be	AUX
cblr-14251	64	11	typically	typically	ADV
cblr-14251	64	12	information	information	NOUN
cblr-14251	64	13	about	about	ADP
cblr-14251	64	14	an	an	DET
cblr-14251	64	15	issuer	issuer	NOUN
cblr-14251	64	16	’s	’s	PART
cblr-14251	64	17	financials	financial	NOUN
cblr-14251	64	18	.	.	PUNCT
cblr-14251	65	1	the	the	DET
cblr-14251	65	2	final	final	ADJ
cblr-14251	65	3	inquiry	inquiry	NOUN
cblr-14251	65	4	has	have	AUX
cblr-14251	65	5	always	always	ADV
cblr-14251	65	6	been	be	AUX
cblr-14251	65	7	somewhat	somewhat	ADV
cblr-14251	65	8	factspecific	factspecific	ADJ
cblr-14251	65	9	,	,	PUNCT
cblr-14251	65	10	but	but	CCONJ
cblr-14251	65	11	the	the	DET
cblr-14251	65	12	underlying	underlie	VERB
cblr-14251	65	13	theory	theory	NOUN
cblr-14251	65	14	reflects	reflect	VERB
cblr-14251	65	15	a	a	DET
cblr-14251	65	16	relatively	relatively	ADV
cblr-14251	65	17	linear	linear	ADJ
cblr-14251	65	18	relationship	relationship	NOUN
cblr-14251	65	19	between	between	ADP
cblr-14251	65	20	stock	stock	NOUN
cblr-14251	65	21	price	price	NOUN
cblr-14251	65	22	,	,	PUNCT
cblr-14251	65	23	investor	investor	NOUN
cblr-14251	65	24	demand	demand	NOUN
cblr-14251	65	25	,	,	PUNCT
cblr-14251	65	26	and	and	CCONJ
cblr-14251	65	27	financial	financial	ADJ
cblr-14251	65	28	information	information	NOUN
cblr-14251	65	29	.	.	PUNCT
cblr-14251	66	1	in	in	ADP
cblr-14251	66	2	other	other	ADJ
cblr-14251	66	3	words	word	NOUN
cblr-14251	66	4	,	,	PUNCT
cblr-14251	66	5	securities	security	NOUN
cblr-14251	66	6	fraud	fraud	NOUN
cblr-14251	66	7	laws	law	NOUN
cblr-14251	66	8	generally	generally	ADV
cblr-14251	66	9	assume	assume	VERB
cblr-14251	66	10	no	no	DET
cblr-14251	66	11	market	market	NOUN
cblr-14251	66	12	for	for	ADP
cblr-14251	66	13	individual	individual	ADJ
cblr-14251	66	14	stocks	stock	NOUN
cblr-14251	66	15	.	.	PUNCT
cblr-14251	67	1	shifting	shift	VERB
cblr-14251	67	2	the	the	DET
cblr-14251	67	3	assumption	assumption	NOUN
cblr-14251	67	4	around	around	ADP
cblr-14251	67	5	the	the	DET
cblr-14251	67	6	existence	existence	NOUN
cblr-14251	67	7	of	of	ADP
cblr-14251	67	8	a	a	DET
cblr-14251	67	9	market	market	NOUN
cblr-14251	67	10	for	for	ADP
cblr-14251	67	11	individual	individual	ADJ
cblr-14251	67	12	stocks	stock	NOUN
cblr-14251	67	13	challenges	challenge	VERB
cblr-14251	67	14	the	the	DET
cblr-14251	67	15	limits	limit	NOUN
cblr-14251	67	16	of	of	ADP
cblr-14251	67	17	existing	exist	VERB
cblr-14251	67	18	defenses	defense	NOUN
cblr-14251	67	19	against	against	ADP
cblr-14251	67	20	misinformation	misinformation	NOUN
cblr-14251	67	21	in	in	ADP
cblr-14251	67	22	the	the	DET
cblr-14251	67	23	securities	security	NOUN
cblr-14251	67	24	markets	market	NOUN
cblr-14251	67	25	by	by	ADP
cblr-14251	67	26	raising	raise	VERB
cblr-14251	67	27	both	both	DET
cblr-14251	67	28	doctrinal	doctrinal	ADJ
cblr-14251	67	29	and	and	CCONJ
cblr-14251	67	30	policy	policy	NOUN
cblr-14251	67	31	questions	question	NOUN
cblr-14251	67	32	.	.	PUNCT
cblr-14251	68	1	this	this	DET
cblr-14251	68	2	article	article	NOUN
cblr-14251	68	3	explores	explore	VERB
cblr-14251	68	4	the	the	DET
cblr-14251	68	5	doctrinal	doctrinal	ADJ
cblr-14251	68	6	questions	question	NOUN
cblr-14251	68	7	by	by	ADP
cblr-14251	68	8	considering	consider	VERB
cblr-14251	68	9	the	the	DET
cblr-14251	68	10	elements	element	NOUN
cblr-14251	68	11	of	of	ADP
cblr-14251	68	12	a	a	DET
cblr-14251	68	13	securities	security	NOUN
cblr-14251	68	14	fraud	fraud	NOUN
cblr-14251	68	15	action	action	NOUN
cblr-14251	68	16	in	in	ADP
cblr-14251	68	17	cases	case	NOUN
cblr-14251	68	18	where	where	SCONJ
cblr-14251	68	19	investing	investing	NOUN
cblr-14251	68	20	is	be	AUX
cblr-14251	68	21	driven	drive	VERB
cblr-14251	68	22	by	by	ADP
cblr-14251	68	23	demandrelated	demandrelate	VERB
cblr-14251	68	24	factors	factor	NOUN
cblr-14251	68	25	either	either	CCONJ
cblr-14251	68	26	in	in	ADP
cblr-14251	68	27	addition	addition	NOUN
cblr-14251	68	28	to	to	ADP
cblr-14251	68	29	or	or	CCONJ
cblr-14251	68	30	in	in	ADP
cblr-14251	68	31	place	place	NOUN
cblr-14251	68	32	of	of	ADP
cblr-14251	68	33	traditional	traditional	ADJ
cblr-14251	68	34	financial	financial	ADJ
cblr-14251	68	35	factors	factor	NOUN
cblr-14251	68	36	.	.	PUNCT
cblr-14251	69	1	in	in	ADP
cblr-14251	69	2	a	a	DET
cblr-14251	69	3	world	world	NOUN
cblr-14251	69	4	where	where	SCONJ
cblr-14251	69	5	there	there	PRON
cblr-14251	69	6	is	be	VERB
cblr-14251	69	7	a	a	DET
cblr-14251	69	8	market	market	NOUN
cblr-14251	69	9	for	for	ADP
cblr-14251	69	10	individual	individual	ADJ
cblr-14251	69	11	stocks	stock	NOUN
cblr-14251	69	12	,	,	PUNCT
cblr-14251	69	13	and	and	CCONJ
cblr-14251	69	14	demand	demand	NOUN
cblr-14251	69	15	-	-	PUNCT
cblr-14251	69	16	driven	drive	VERB
cblr-14251	69	17	factors	factor	NOUN
cblr-14251	69	18	drive	drive	VERB
cblr-14251	69	19	stock	stock	NOUN
cblr-14251	69	20	price	price	NOUN
cblr-14251	69	21	movements	movement	NOUN
cblr-14251	69	22	and	and	CCONJ
cblr-14251	69	23	investor	investor	NOUN
cblr-14251	69	24	behavior	behavior	NOUN
cblr-14251	69	25	,	,	PUNCT
cblr-14251	69	26	traditional	traditional	ADJ
cblr-14251	69	27	elements	element	NOUN
cblr-14251	69	28	of	of	ADP
cblr-14251	69	29	securities	security	NOUN
cblr-14251	69	30	fraud	fraud	NOUN
cblr-14251	69	31	fit	fit	ADJ
cblr-14251	69	32	rather	rather	ADV
cblr-14251	69	33	awkwardly	awkwardly	ADV
cblr-14251	69	34	.	.	PUNCT
cblr-14251	70	1	for	for	ADP
cblr-14251	70	2	example	example	NOUN
cblr-14251	70	3	,	,	PUNCT
cblr-14251	70	4	while	while	SCONJ
cblr-14251	70	5	230	230	NUM
cblr-14251	70	6	columbia	columbia	PROPN
cblr-14251	70	7	business	business	NOUN
cblr-14251	70	8	law	law	PROPN
cblr-14251	70	9	review	review	NOUN
cblr-14251	70	10	[	[	X
cblr-14251	70	11	vol	vol	NOUN
cblr-14251	70	12	.	.	PUNCT
cblr-14251	70	13	2025	2025	NUM
cblr-14251	70	14	demand	demand	NOUN
cblr-14251	70	15	-	-	PUNCT
cblr-14251	70	16	driven	drive	VERB
cblr-14251	70	17	investing	investing	NOUN
cblr-14251	70	18	may	may	AUX
cblr-14251	70	19	expand	expand	VERB
cblr-14251	70	20	the	the	DET
cblr-14251	70	21	boundaries	boundary	NOUN
cblr-14251	70	22	of	of	ADP
cblr-14251	70	23	material	material	NOUN
cblr-14251	70	24	information	information	NOUN
cblr-14251	70	25	,	,	PUNCT
cblr-14251	70	26	idiosyncratic	idiosyncratic	ADJ
cblr-14251	70	27	investment	investment	NOUN
cblr-14251	70	28	reasons	reason	NOUN
cblr-14251	70	29	may	may	AUX
cblr-14251	70	30	make	make	VERB
cblr-14251	70	31	class	class	NOUN
cblr-14251	70	32	-	-	PUNCT
cblr-14251	70	33	wide	wide	ADJ
cblr-14251	70	34	reliance	reliance	NOUN
cblr-14251	70	35	more	more	ADV
cblr-14251	70	36	difficult	difficult	ADJ
cblr-14251	70	37	to	to	PART
cblr-14251	70	38	prove	prove	VERB
cblr-14251	70	39	.	.	PUNCT
cblr-14251	71	1	the	the	DET
cblr-14251	71	2	policy	policy	NOUN
cblr-14251	71	3	questions	question	NOUN
cblr-14251	71	4	are	be	AUX
cblr-14251	71	5	also	also	ADV
cblr-14251	71	6	complex	complex	ADJ
cblr-14251	71	7	.	.	PUNCT
cblr-14251	72	1	should	should	AUX
cblr-14251	72	2	the	the	DET
cblr-14251	72	3	securities	security	NOUN
cblr-14251	72	4	laws	law	NOUN
cblr-14251	72	5	protect	protect	VERB
cblr-14251	72	6	investors	investor	NOUN
cblr-14251	72	7	who	who	PRON
cblr-14251	72	8	make	make	VERB
cblr-14251	72	9	decisions	decision	NOUN
cblr-14251	72	10	based	base	VERB
cblr-14251	72	11	on	on	ADP
cblr-14251	72	12	demand	demand	NOUN
cblr-14251	72	13	or	or	CCONJ
cblr-14251	72	14	non	non	ADJ
cblr-14251	72	15	-	-	ADJ
cblr-14251	72	16	traditional	traditional	ADJ
cblr-14251	72	17	types	type	NOUN
cblr-14251	72	18	of	of	ADP
cblr-14251	72	19	information	information	NOUN
cblr-14251	72	20	?	?	PUNCT
cblr-14251	73	1	solely	solely	ADV
cblr-14251	73	2	protecting	protect	VERB
cblr-14251	73	3	financial	financial	ADJ
cblr-14251	73	4	information	information	NOUN
cblr-14251	73	5	results	result	NOUN
cblr-14251	73	6	in	in	ADP
cblr-14251	73	7	an	an	DET
cblr-14251	73	8	incomplete	incomplete	ADJ
cblr-14251	73	9	understanding	understanding	NOUN
cblr-14251	73	10	of	of	ADP
cblr-14251	73	11	investor	investor	NOUN
cblr-14251	73	12	motivations	motivation	NOUN
cblr-14251	73	13	.	.	PUNCT
cblr-14251	74	1	an	an	DET
cblr-14251	74	2	obvious	obvious	ADJ
cblr-14251	74	3	risk	risk	NOUN
cblr-14251	74	4	is	be	AUX
cblr-14251	74	5	the	the	DET
cblr-14251	74	6	actor	actor	NOUN
cblr-14251	74	7	who	who	PRON
cblr-14251	74	8	intentionally	intentionally	ADV
cblr-14251	74	9	posts	post	VERB
cblr-14251	74	10	communications	communication	NOUN
cblr-14251	74	11	that	that	PRON
cblr-14251	74	12	contain	contain	VERB
cblr-14251	74	13	non	non	ADJ
cblr-14251	74	14	-	-	ADJ
cblr-14251	74	15	financial	financial	ADJ
cblr-14251	74	16	and	and	CCONJ
cblr-14251	74	17	non	non	ADJ
cblr-14251	74	18	-	-	ADJ
cblr-14251	74	19	falsifiable	falsifiable	ADJ
cblr-14251	74	20	information	information	NOUN
cblr-14251	74	21	.	.	PUNCT
cblr-14251	75	1	under	under	ADP
cblr-14251	75	2	most	most	ADJ
cblr-14251	75	3	interpretations	interpretation	NOUN
cblr-14251	75	4	of	of	ADP
cblr-14251	75	5	the	the	DET
cblr-14251	75	6	securities	security	NOUN
cblr-14251	75	7	laws	law	NOUN
cblr-14251	75	8	,	,	PUNCT
cblr-14251	75	9	those	those	PRON
cblr-14251	75	10	harmed	harm	VERB
cblr-14251	75	11	by	by	ADP
cblr-14251	75	12	such	such	ADJ
cblr-14251	75	13	behavior	behavior	NOUN
cblr-14251	75	14	(	(	PUNCT
cblr-14251	75	15	those	those	PRON
cblr-14251	75	16	who	who	PRON
cblr-14251	75	17	traded	trade	VERB
cblr-14251	75	18	and	and	CCONJ
cblr-14251	75	19	lost	lose	VERB
cblr-14251	75	20	money	money	NOUN
cblr-14251	75	21	as	as	ADP
cblr-14251	75	22	a	a	DET
cblr-14251	75	23	result	result	NOUN
cblr-14251	75	24	of	of	ADP
cblr-14251	75	25	such	such	ADJ
cblr-14251	75	26	behavior	behavior	NOUN
cblr-14251	75	27	)	)	PUNCT
cblr-14251	75	28	would	would	AUX
cblr-14251	75	29	likely	likely	ADV
cblr-14251	75	30	not	not	PART
cblr-14251	75	31	be	be	AUX
cblr-14251	75	32	protected	protect	VERB
cblr-14251	75	33	.	.	PUNCT
cblr-14251	76	1	such	such	ADJ
cblr-14251	76	2	trading	trading	NOUN
cblr-14251	76	3	would	would	AUX
cblr-14251	76	4	most	most	ADV
cblr-14251	76	5	likely	likely	ADV
cblr-14251	76	6	be	be	AUX
cblr-14251	76	7	chalked	chalk	VERB
cblr-14251	76	8	up	up	ADP
cblr-14251	76	9	to	to	ADP
cblr-14251	76	10	noise	noise	NOUN
cblr-14251	76	11	and	and	CCONJ
cblr-14251	76	12	imprudence	imprudence	NOUN
cblr-14251	76	13	,	,	PUNCT
cblr-14251	76	14	neither	neither	PRON
cblr-14251	76	15	of	of	ADP
cblr-14251	76	16	which	which	PRON
cblr-14251	76	17	is	be	AUX
cblr-14251	76	18	,	,	PUNCT
cblr-14251	76	19	by	by	ADP
cblr-14251	76	20	itself	itself	PRON
cblr-14251	76	21	,	,	PUNCT
cblr-14251	76	22	actionable	actionable	ADJ
cblr-14251	76	23	under	under	ADP
cblr-14251	76	24	the	the	DET
cblr-14251	76	25	securities	security	NOUN
cblr-14251	76	26	laws	law	NOUN
cblr-14251	76	27	.	.	PUNCT
cblr-14251	77	1	on	on	ADP
cblr-14251	77	2	the	the	DET
cblr-14251	77	3	other	other	ADJ
cblr-14251	77	4	hand	hand	NOUN
cblr-14251	77	5	,	,	PUNCT
cblr-14251	77	6	the	the	DET
cblr-14251	77	7	idiosyncratic	idiosyncratic	ADJ
cblr-14251	77	8	nature	nature	NOUN
cblr-14251	77	9	of	of	ADP
cblr-14251	77	10	demand	demand	NOUN
cblr-14251	77	11	-	-	PUNCT
cblr-14251	77	12	driven	drive	VERB
cblr-14251	77	13	investing	investing	NOUN
cblr-14251	77	14	can	can	AUX
cblr-14251	77	15	make	make	VERB
cblr-14251	77	16	determinations	determination	NOUN
cblr-14251	77	17	of	of	ADP
cblr-14251	77	18	liability	liability	NOUN
cblr-14251	77	19	inconsistent	inconsistent	ADJ
cblr-14251	77	20	,	,	PUNCT
cblr-14251	77	21	unpredictable	unpredictable	ADJ
cblr-14251	77	22	,	,	PUNCT
cblr-14251	77	23	and	and	CCONJ
cblr-14251	77	24	perhaps	perhaps	ADV
cblr-14251	77	25	too	too	ADV
cblr-14251	77	26	fact	fact	NOUN
cblr-14251	77	27	-	-	PUNCT
cblr-14251	77	28	bound	bind	VERB
cblr-14251	77	29	.	.	PUNCT
cblr-14251	78	1	after	after	ADV
cblr-14251	78	2	all	all	ADV
cblr-14251	78	3	,	,	PUNCT
cblr-14251	78	4	the	the	DET
cblr-14251	78	5	stock	stock	NOUN
cblr-14251	78	6	market	market	NOUN
cblr-14251	78	7	is	be	AUX
cblr-14251	78	8	not	not	PART
cblr-14251	78	9	the	the	DET
cblr-14251	78	10	traditional	traditional	ADJ
cblr-14251	78	11	market	market	NOUN
cblr-14251	78	12	for	for	ADP
cblr-14251	78	13	consumer	consumer	NOUN
cblr-14251	78	14	goods	good	NOUN
cblr-14251	78	15	and	and	CCONJ
cblr-14251	78	16	services	service	NOUN
cblr-14251	78	17	,	,	PUNCT
cblr-14251	78	18	even	even	ADV
cblr-14251	78	19	if	if	SCONJ
cblr-14251	78	20	the	the	DET
cblr-14251	78	21	market	market	NOUN
cblr-14251	78	22	for	for	ADP
cblr-14251	78	23	individual	individual	ADJ
cblr-14251	78	24	stocks	stock	NOUN
cblr-14251	78	25	shares	share	VERB
cblr-14251	78	26	some	some	DET
cblr-14251	78	27	common	common	ADJ
cblr-14251	78	28	characteristics	characteristic	NOUN
cblr-14251	78	29	.	.	PUNCT
cblr-14251	79	1	the	the	DET
cblr-14251	79	2	remainder	remainder	NOUN
cblr-14251	79	3	of	of	ADP
cblr-14251	79	4	this	this	DET
cblr-14251	79	5	article	article	NOUN
cblr-14251	79	6	proceeds	proceed	VERB
cblr-14251	79	7	as	as	SCONJ
cblr-14251	79	8	follows	follow	VERB
cblr-14251	79	9	.	.	PUNCT
cblr-14251	80	1	section	section	NOUN
cblr-14251	80	2	i	i	PRON
cblr-14251	80	3	identifies	identify	VERB
cblr-14251	80	4	four	four	NUM
cblr-14251	80	5	areas	area	NOUN
cblr-14251	80	6	where	where	SCONJ
cblr-14251	80	7	evidence	evidence	NOUN
cblr-14251	80	8	supports	support	VERB
cblr-14251	80	9	the	the	DET
cblr-14251	80	10	existence	existence	NOUN
cblr-14251	80	11	of	of	ADP
cblr-14251	80	12	a	a	DET
cblr-14251	80	13	market	market	NOUN
cblr-14251	80	14	for	for	ADP
cblr-14251	80	15	individual	individual	ADJ
cblr-14251	80	16	stocks	stock	NOUN
cblr-14251	80	17	:	:	PUNCT
cblr-14251	80	18	(	(	PUNCT
cblr-14251	80	19	a	a	X
cblr-14251	80	20	)	)	PUNCT
cblr-14251	80	21	esg	esg	NOUN
cblr-14251	80	22	factors	factor	NOUN
cblr-14251	80	23	,	,	PUNCT
cblr-14251	80	24	(	(	PUNCT
cblr-14251	80	25	b	b	X
cblr-14251	80	26	)	)	PUNCT
cblr-14251	80	27	political	political	ADJ
cblr-14251	80	28	issues	issue	NOUN
cblr-14251	80	29	,	,	PUNCT
cblr-14251	80	30	(	(	PUNCT
cblr-14251	80	31	c	c	X
cblr-14251	80	32	)	)	PUNCT
cblr-14251	80	33	retail	retail	ADJ
cblr-14251	80	34	trading	trading	NOUN
cblr-14251	80	35	,	,	PUNCT
cblr-14251	80	36	(	(	PUNCT
cblr-14251	80	37	d	d	NOUN
cblr-14251	80	38	)	)	PUNCT
cblr-14251	80	39	and	and	CCONJ
cblr-14251	80	40	finfluencers	finfluencer	NOUN
cblr-14251	80	41	.	.	PUNCT
cblr-14251	81	1	section	section	PROPN
cblr-14251	81	2	ii	ii	PROPN
cblr-14251	81	3	summarizes	summarize	VERB
cblr-14251	81	4	traditional	traditional	ADJ
cblr-14251	81	5	finance	finance	NOUN
cblr-14251	81	6	theory	theory	NOUN
cblr-14251	81	7	.	.	PUNCT
cblr-14251	82	1	section	section	NOUN
cblr-14251	82	2	iii	iii	PROPN
cblr-14251	82	3	situates	situate	VERB
cblr-14251	82	4	the	the	DET
cblr-14251	82	5	market	market	NOUN
cblr-14251	82	6	for	for	ADP
cblr-14251	82	7	individual	individual	ADJ
cblr-14251	82	8	stocks	stock	NOUN
cblr-14251	82	9	against	against	ADP
cblr-14251	82	10	the	the	DET
cblr-14251	82	11	traditional	traditional	ADJ
cblr-14251	82	12	theory	theory	NOUN
cblr-14251	82	13	.	.	PUNCT
cblr-14251	83	1	section	section	NOUN
cblr-14251	83	2	iv	iv	NUM
cblr-14251	83	3	applies	apply	VERB
cblr-14251	83	4	existing	exist	VERB
cblr-14251	83	5	securities	security	NOUN
cblr-14251	83	6	fraud	fraud	NOUN
cblr-14251	83	7	doctrine	doctrine	NOUN
cblr-14251	83	8	to	to	ADP
cblr-14251	83	9	a	a	DET
cblr-14251	83	10	market	market	NOUN
cblr-14251	83	11	for	for	ADP
cblr-14251	83	12	individual	individual	ADJ
cblr-14251	83	13	stocks	stock	NOUN
cblr-14251	83	14	.	.	PUNCT
cblr-14251	84	1	section	section	NOUN
cblr-14251	84	2	v	v	PROPN
cblr-14251	84	3	considers	consider	VERB
cblr-14251	84	4	implications	implication	NOUN
cblr-14251	84	5	for	for	ADP
cblr-14251	84	6	securities	security	NOUN
cblr-14251	84	7	fraud	fraud	NOUN
cblr-14251	84	8	doctrine	doctrine	NOUN
cblr-14251	84	9	and	and	CCONJ
cblr-14251	84	10	policy	policy	NOUN
cblr-14251	84	11	.	.	PUNCT
cblr-14251	85	1	a	a	DET
cblr-14251	85	2	brief	brief	ADJ
cblr-14251	85	3	conclusion	conclusion	NOUN
cblr-14251	85	4	follows	follow	VERB
cblr-14251	85	5	.	.	PUNCT
cblr-14251	86	1	i.	i.	PROPN
cblr-14251	86	2	a	a	DET
cblr-14251	86	3	“	"	PUNCT
cblr-14251	86	4	generation	generation	NOUN
cblr-14251	86	5	of	of	ADP
cblr-14251	86	6	stock	stock	NOUN
cblr-14251	86	7	pickers	picker	NOUN
cblr-14251	86	8	”	"	PUNCT
cblr-14251	86	9	on	on	ADP
cblr-14251	86	10	february	february	PROPN
cblr-14251	86	11	8	8	NUM
cblr-14251	86	12	,	,	PUNCT
cblr-14251	86	13	2021	2021	NUM
cblr-14251	86	14	,	,	PUNCT
cblr-14251	86	15	shortly	shortly	ADV
cblr-14251	86	16	after	after	SCONJ
cblr-14251	86	17	investors	investor	NOUN
cblr-14251	86	18	on	on	ADP
cblr-14251	86	19	the	the	DET
cblr-14251	86	20	reddit.com	reddit.com	X
cblr-14251	86	21	/wallstreetbets	/wallstreetbet	VERB
cblr-14251	87	1	forum	forum	PROPN
cblr-14251	87	2	coordinated	coordinate	VERB
cblr-14251	87	3	to	to	PART
cblr-14251	87	4	drive	drive	VERB
cblr-14251	87	5	up	up	ADP
cblr-14251	87	6	the	the	DET
cblr-14251	87	7	share	share	NOUN
cblr-14251	87	8	price	price	NOUN
cblr-14251	87	9	of	of	ADP
cblr-14251	87	10	gamestop	gamestop	NOUN
cblr-14251	87	11	from	from	ADP
cblr-14251	87	12	around	around	ADP
cblr-14251	87	13	$	$	SYM
cblr-14251	87	14	4	4	NUM
cblr-14251	87	15	per	per	ADP
cblr-14251	87	16	share	share	NOUN
cblr-14251	87	17	to	to	ADP
cblr-14251	87	18	$	$	SYM
cblr-14251	87	19	483	483	NUM
cblr-14251	87	20	per	per	ADP
cblr-14251	87	21	no	no	NOUN
cblr-14251	87	22	.	.	NOUN
cblr-14251	87	23	1	1	NUM
cblr-14251	87	24	]	]	PUNCT
cblr-14251	87	25	securities	security	NOUN
cblr-14251	87	26	fraud	fraud	NOUN
cblr-14251	87	27	and	and	CCONJ
cblr-14251	87	28	the	the	DET
cblr-14251	87	29	market	market	NOUN
cblr-14251	87	30	for	for	ADP
cblr-14251	87	31	individual	individual	ADJ
cblr-14251	87	32	stocks	stock	NOUN
cblr-14251	87	33	231	231	NUM
cblr-14251	87	34	share	share	NOUN
cblr-14251	87	35	at	at	ADP
cblr-14251	87	36	one	one	NUM
cblr-14251	87	37	point,4	point,4	NOUN
cblr-14251	87	38	forbes	forbe	NOUN
cblr-14251	87	39	ran	run	VERB
cblr-14251	87	40	a	a	DET
cblr-14251	87	41	story	story	NOUN
cblr-14251	87	42	titled	title	VERB
cblr-14251	87	43	millennials	millennial	NOUN
cblr-14251	87	44	will	will	AUX
cblr-14251	87	45	propel	propel	VERB
cblr-14251	87	46	stocks	stock	NOUN
cblr-14251	87	47	higher	high	ADJ
cblr-14251	87	48	for	for	ADP
cblr-14251	87	49	years.5	years.5	PROPN
cblr-14251	87	50	the	the	DET
cblr-14251	87	51	author	author	NOUN
cblr-14251	87	52	argued	argue	VERB
cblr-14251	87	53	that	that	SCONJ
cblr-14251	87	54	younger	young	ADJ
cblr-14251	87	55	investors	investor	NOUN
cblr-14251	87	56	have	have	AUX
cblr-14251	87	57	been	be	AUX
cblr-14251	87	58	and	and	CCONJ
cblr-14251	87	59	will	will	AUX
cblr-14251	87	60	continue	continue	VERB
cblr-14251	87	61	to	to	PART
cblr-14251	87	62	enter	enter	VERB
cblr-14251	87	63	the	the	DET
cblr-14251	87	64	stock	stock	NOUN
cblr-14251	87	65	market	market	NOUN
cblr-14251	87	66	,	,	PUNCT
cblr-14251	87	67	and	and	CCONJ
cblr-14251	87	68	that	that	SCONJ
cblr-14251	87	69	they	they	PRON
cblr-14251	87	70	“	"	PUNCT
cblr-14251	87	71	want	want	VERB
cblr-14251	87	72	to	to	PART
cblr-14251	87	73	own	own	VERB
cblr-14251	87	74	companies	company	NOUN
cblr-14251	87	75	changing	change	VERB
cblr-14251	87	76	the	the	DET
cblr-14251	87	77	world	world	NOUN
cblr-14251	87	78	.	.	PUNCT
cblr-14251	88	1	”6	”6	PUNCT
cblr-14251	88	2	according	accord	VERB
cblr-14251	88	3	to	to	ADP
cblr-14251	88	4	the	the	DET
cblr-14251	88	5	author	author	NOUN
cblr-14251	88	6	,	,	PUNCT
cblr-14251	88	7	“	"	PUNCT
cblr-14251	88	8	[	[	X
cblr-14251	88	9	t]his	t]his	X
cblr-14251	88	10	is	be	AUX
cblr-14251	88	11	a	a	DET
cblr-14251	88	12	generation	generation	NOUN
cblr-14251	88	13	of	of	ADP
cblr-14251	88	14	stock	stock	NOUN
cblr-14251	88	15	pickers	picker	NOUN
cblr-14251	88	16	.	.	PUNCT
cblr-14251	88	17	”7	”7	X
cblr-14251	89	1	a	a	DET
cblr-14251	89	2	“	"	PUNCT
cblr-14251	89	3	stock	stock	NOUN
cblr-14251	89	4	picker	picker	NOUN
cblr-14251	89	5	,	,	PUNCT
cblr-14251	89	6	”	"	PUNCT
cblr-14251	89	7	or	or	CCONJ
cblr-14251	89	8	someone	someone	PRON
cblr-14251	89	9	who	who	PRON
cblr-14251	89	10	selects	select	VERB
cblr-14251	89	11	individual	individual	ADJ
cblr-14251	89	12	stocks	stock	NOUN
cblr-14251	89	13	for	for	ADP
cblr-14251	89	14	any	any	DET
cblr-14251	89	15	number	number	NOUN
cblr-14251	89	16	of	of	ADP
cblr-14251	89	17	particular	particular	ADJ
cblr-14251	89	18	reasons	reason	NOUN
cblr-14251	89	19	,	,	PUNCT
cblr-14251	89	20	differs	differ	VERB
cblr-14251	89	21	from	from	ADP
cblr-14251	89	22	the	the	DET
cblr-14251	89	23	traditional	traditional	ADJ
cblr-14251	89	24	picture	picture	NOUN
cblr-14251	89	25	of	of	ADP
cblr-14251	89	26	an	an	DET
cblr-14251	89	27	investor	investor	NOUN
cblr-14251	89	28	.	.	PUNCT
cblr-14251	90	1	the	the	DET
cblr-14251	90	2	traditional	traditional	ADJ
cblr-14251	90	3	picture	picture	NOUN
cblr-14251	90	4	of	of	ADP
cblr-14251	90	5	an	an	DET
cblr-14251	90	6	investor	investor	NOUN
cblr-14251	90	7	is	be	AUX
cblr-14251	90	8	of	of	ADP
cblr-14251	90	9	a	a	DET
cblr-14251	90	10	person	person	NOUN
cblr-14251	90	11	who	who	PRON
cblr-14251	90	12	invests	invest	VERB
cblr-14251	90	13	in	in	ADP
cblr-14251	90	14	the	the	DET
cblr-14251	90	15	stock	stock	NOUN
cblr-14251	90	16	market	market	NOUN
cblr-14251	90	17	largely	largely	ADV
cblr-14251	90	18	to	to	PART
cblr-14251	90	19	achieve	achieve	VERB
cblr-14251	90	20	a	a	DET
cblr-14251	90	21	particular	particular	ADJ
cblr-14251	90	22	financial	financial	ADJ
cblr-14251	90	23	profile.8	profile.8	NOUN
cblr-14251	90	24	that	that	PRON
cblr-14251	90	25	person	person	NOUN
cblr-14251	90	26	invests	invest	VERB
cblr-14251	90	27	to	to	PART
cblr-14251	90	28	grow	grow	VERB
cblr-14251	90	29	their	their	PRON
cblr-14251	90	30	wealth	wealth	NOUN
cblr-14251	90	31	or	or	CCONJ
cblr-14251	90	32	to	to	PART
cblr-14251	90	33	manage	manage	VERB
cblr-14251	90	34	their	their	PRON
cblr-14251	90	35	money	money	NOUN
cblr-14251	90	36	and	and	CCONJ
cblr-14251	90	37	is	be	AUX
cblr-14251	90	38	typically	typically	ADV
cblr-14251	90	39	indifferent	indifferent	ADJ
cblr-14251	90	40	between	between	ADP
cblr-14251	90	41	individual	individual	ADJ
cblr-14251	90	42	stocks	stock	NOUN
cblr-14251	90	43	given	give	VERB
cblr-14251	90	44	their	their	PRON
cblr-14251	90	45	high	high	ADJ
cblr-14251	90	46	substitutability	substitutability	NOUN
cblr-14251	90	47	in	in	ADP
cblr-14251	90	48	a	a	DET
cblr-14251	90	49	portfolio	portfolio	NOUN
cblr-14251	90	50	targeted	target	VERB
cblr-14251	90	51	at	at	ADP
cblr-14251	90	52	a	a	DET
cblr-14251	90	53	particular	particular	ADJ
cblr-14251	90	54	risk	risk	NOUN
cblr-14251	90	55	and	and	CCONJ
cblr-14251	90	56	return	return	VERB
cblr-14251	90	57	profile.9	profile.9	NOUN
cblr-14251	90	58	this	this	DET
cblr-14251	90	59	person	person	NOUN
cblr-14251	90	60	’s	’s	PART
cblr-14251	90	61	portfolio	portfolio	NOUN
cblr-14251	90	62	might	might	AUX
cblr-14251	90	63	consist	consist	VERB
cblr-14251	90	64	mostly	mostly	ADV
cblr-14251	90	65	of	of	ADP
cblr-14251	90	66	broad	broad	ADJ
cblr-14251	90	67	index	index	NOUN
cblr-14251	90	68	funds	fund	NOUN
cblr-14251	90	69	,	,	PUNCT
cblr-14251	90	70	rather	rather	ADV
cblr-14251	90	71	than	than	ADP
cblr-14251	90	72	individually	individually	ADV
cblr-14251	90	73	selected	select	VERB
cblr-14251	90	74	stocks	stock	NOUN
cblr-14251	90	75	.	.	PUNCT
cblr-14251	91	1	4	4	NUM
cblr-14251	91	2	see	see	VERB
cblr-14251	91	3	nathaniel	nathaniel	PROPN
cblr-14251	91	4	popper	popper	PROPN
cblr-14251	91	5	&	&	CCONJ
cblr-14251	91	6	kellen	kellen	PROPN
cblr-14251	91	7	browning	browning	PROPN
cblr-14251	91	8	,	,	PUNCT
cblr-14251	91	9	the	the	DET
cblr-14251	91	10	‘	'	PUNCT
cblr-14251	91	11	roaring	roaring	ADJ
cblr-14251	91	12	kitty	kitty	NOUN
cblr-14251	91	13	’	'	PUNCT
cblr-14251	91	14	rally	rally	NOUN
cblr-14251	91	15	:	:	PUNCT
cblr-14251	91	16	how	how	SCONJ
cblr-14251	91	17	a	a	DET
cblr-14251	91	18	reddit	reddit	NOUN
cblr-14251	91	19	user	user	NOUN
cblr-14251	91	20	and	and	CCONJ
cblr-14251	91	21	his	his	PRON
cblr-14251	91	22	friends	friend	NOUN
cblr-14251	91	23	roiled	roil	VERB
cblr-14251	91	24	the	the	DET
cblr-14251	91	25	markets	market	NOUN
cblr-14251	91	26	,	,	PUNCT
cblr-14251	91	27	n.y	n.y	PROPN
cblr-14251	91	28	.	.	PROPN
cblr-14251	91	29	times	times	PROPN
cblr-14251	91	30	(	(	PUNCT
cblr-14251	91	31	jan	jan	PROPN
cblr-14251	91	32	.	.	PROPN
cblr-14251	91	33	29	29	NUM
cblr-14251	91	34	,	,	PUNCT
cblr-14251	91	35	2021	2021	NUM
cblr-14251	91	36	)	)	PUNCT
cblr-14251	91	37	,	,	PUNCT
cblr-14251	91	38	https://www.nytimes.com/2021/01/29/technology/roaring-kitty-reddit-gamestopmarkets.html	https://www.nytimes.com/2021/01/29/technology/roaring-kitty-reddit-gamestopmarkets.html	PROPN
cblr-14251	91	39	;	;	PUNCT
cblr-14251	91	40	nicolas	nicolas	PROPN
cblr-14251	91	41	vega	vega	PROPN
cblr-14251	91	42	,	,	PUNCT
cblr-14251	91	43	here	here	ADV
cblr-14251	91	44	’s	’	VERB
cblr-14251	91	45	how	how	SCONJ
cblr-14251	91	46	much	much	ADJ
cblr-14251	91	47	money	money	NOUN
cblr-14251	91	48	you	you	PRON
cblr-14251	91	49	’d	’d	AUX
cblr-14251	91	50	have	have	VERB
cblr-14251	91	51	if	if	SCONJ
cblr-14251	91	52	you	you	PRON
cblr-14251	91	53	invested	invest	VERB
cblr-14251	91	54	$	$	SYM
cblr-14251	91	55	1,000	1,000	NUM
cblr-14251	91	56	in	in	ADP
cblr-14251	91	57	gamestop	gamestop	NOUN
cblr-14251	91	58	during	during	ADP
cblr-14251	91	59	last	last	ADJ
cblr-14251	91	60	year	year	NOUN
cblr-14251	91	61	’s	’s	PART
cblr-14251	91	62	rally	rally	NOUN
cblr-14251	91	63	,	,	PUNCT
cblr-14251	91	64	cnbc	cnbc	PROPN
cblr-14251	91	65	(	(	PUNCT
cblr-14251	91	66	jan	jan	PROPN
cblr-14251	91	67	.	.	PROPN
cblr-14251	91	68	19	19	NUM
cblr-14251	91	69	,	,	PUNCT
cblr-14251	91	70	2022	2022	NUM
cblr-14251	91	71	)	)	PUNCT
cblr-14251	91	72	,	,	PUNCT
cblr-14251	91	73	https://www.cnbc.com/2022/01/19/how-much-money-youd-have-if-you-invested1000-dollars-in-gamestop-in-2021.html	https://www.cnbc.com/2022/01/19/how-much-money-youd-have-if-you-invested1000-dollars-in-gamestop-in-2021.html	X
cblr-14251	92	1	[	[	X
cblr-14251	92	2	https://perma.cc/th7l-a35s	https://perma.cc/th7l-a35s	X
cblr-14251	92	3	]	]	X
cblr-14251	92	4	.	.	PUNCT
cblr-14251	93	1	5	5	NUM
cblr-14251	93	2	stephen	stephen	PROPN
cblr-14251	93	3	mcbride	mcbride	PROPN
cblr-14251	93	4	,	,	PUNCT
cblr-14251	93	5	millennials	millennial	NOUN
cblr-14251	93	6	will	will	AUX
cblr-14251	93	7	propel	propel	VERB
cblr-14251	93	8	stocks	stock	NOUN
cblr-14251	93	9	higher	high	ADJ
cblr-14251	93	10	for	for	ADP
cblr-14251	93	11	years	year	NOUN
cblr-14251	93	12	,	,	PUNCT
cblr-14251	93	13	forbes	forbes	X
cblr-14251	93	14	(	(	PUNCT
cblr-14251	93	15	feb	feb	PROPN
cblr-14251	93	16	.	.	PROPN
cblr-14251	93	17	8	8	NUM
cblr-14251	93	18	,	,	PUNCT
cblr-14251	93	19	2021	2021	NUM
cblr-14251	93	20	,	,	PUNCT
cblr-14251	93	21	9:33	9:33	NUM
cblr-14251	93	22	am	am	NOUN
cblr-14251	93	23	)	)	PUNCT
cblr-14251	93	24	,	,	PUNCT
cblr-14251	93	25	https://www.forbes.com/sites/stephenmcbride1/2021/02/08/millennials-willpropel-stocks-higher-for-years/	https://www.forbes.com/sites/stephenmcbride1/2021/02/08/millennials-willpropel-stocks-higher-for-years/	VERB
cblr-14251	93	26	[	[	X
cblr-14251	93	27	https://perma.cc/cnh4-zk3a	https://perma.cc/cnh4-zk3a	NOUN
cblr-14251	93	28	]	]	X
cblr-14251	93	29	.	.	PUNCT
cblr-14251	94	1	6	6	NUM
cblr-14251	95	1	i	i	PRON
cblr-14251	95	2	d.	d.	PROPN
cblr-14251	95	3	7	7	NUM
cblr-14251	95	4	i	i	PROPN
cblr-14251	95	5	d.	d.	PROPN
cblr-14251	95	6	8	8	NUM
cblr-14251	95	7	see	see	VERB
cblr-14251	95	8	infra	infra	NOUN
cblr-14251	95	9	section	section	NOUN
cblr-14251	95	10	ii.a	ii.a	PROPN
cblr-14251	95	11	.	.	PROPN
cblr-14251	96	1	9	9	NUM
cblr-14251	96	2	see	see	VERB
cblr-14251	96	3	lynn	lynn	PROPN
cblr-14251	96	4	a.	a.	PROPN
cblr-14251	96	5	stout	stout	PROPN
cblr-14251	96	6	,	,	PUNCT
cblr-14251	96	7	inefficient	inefficient	ADJ
cblr-14251	96	8	markets	market	NOUN
cblr-14251	96	9	and	and	CCONJ
cblr-14251	96	10	the	the	DET
cblr-14251	96	11	new	new	ADJ
cblr-14251	96	12	finance	finance	NOUN
cblr-14251	96	13	,	,	PUNCT
cblr-14251	96	14	j.	j.	PROPN
cblr-14251	96	15	fin	fin	PROPN
cblr-14251	96	16	.	.	PUNCT
cblr-14251	97	1	transformation	transformation	NOUN
cblr-14251	97	2	,	,	PUNCT
cblr-14251	97	3	may	may	PROPN
cblr-14251	97	4	2005	2005	NUM
cblr-14251	97	5	,	,	PUNCT
cblr-14251	97	6	at	at	ADP
cblr-14251	97	7	5	5	NUM
cblr-14251	97	8	,	,	PUNCT
cblr-14251	97	9	https://ssrn.com/abstract=729224	https://ssrn.com/abstract=729224	NOUN
cblr-14251	97	10	(	(	PUNCT
cblr-14251	97	11	explaining	explain	VERB
cblr-14251	97	12	that	that	SCONJ
cblr-14251	97	13	the	the	DET
cblr-14251	97	14	standard	standard	ADJ
cblr-14251	97	15	capital	capital	NOUN
cblr-14251	97	16	asset	asset	NOUN
cblr-14251	97	17	pricing	pricing	NOUN
cblr-14251	97	18	model	model	NOUN
cblr-14251	97	19	combined	combine	VERB
cblr-14251	97	20	with	with	ADP
cblr-14251	97	21	the	the	DET
cblr-14251	97	22	efficient	efficient	ADJ
cblr-14251	97	23	capital	capital	NOUN
cblr-14251	97	24	markets	market	NOUN
cblr-14251	97	25	hypothesis	hypothesis	NOUN
cblr-14251	97	26	predicts	predict	VERB
cblr-14251	97	27	that	that	SCONJ
cblr-14251	97	28	securities	security	NOUN
cblr-14251	97	29	are	be	AUX
cblr-14251	97	30	all	all	ADV
cblr-14251	97	31	accurately	accurately	ADV
cblr-14251	97	32	priced	price	VERB
cblr-14251	97	33	,	,	PUNCT
cblr-14251	97	34	which	which	PRON
cblr-14251	97	35	means	mean	VERB
cblr-14251	97	36	that	that	SCONJ
cblr-14251	97	37	all	all	DET
cblr-14251	97	38	securities	security	NOUN
cblr-14251	97	39	should	should	AUX
cblr-14251	97	40	be	be	AUX
cblr-14251	97	41	perfect	perfect	ADJ
cblr-14251	97	42	substitutes	substitute	NOUN
cblr-14251	97	43	for	for	ADP
cblr-14251	97	44	one	one	NUM
cblr-14251	97	45	another	another	DET
cblr-14251	97	46	,	,	PUNCT
cblr-14251	97	47	and	and	CCONJ
cblr-14251	97	48	accordingly	accordingly	ADV
cblr-14251	97	49	,	,	PUNCT
cblr-14251	97	50	“	"	PUNCT
cblr-14251	97	51	[	[	X
cblr-14251	97	52	t]he	t]he	ADV
cblr-14251	97	53	demand	demand	NOUN
cblr-14251	97	54	for	for	ADP
cblr-14251	97	55	any	any	DET
cblr-14251	97	56	particular	particular	ADJ
cblr-14251	97	57	stock	stock	NOUN
cblr-14251	97	58	accordingly	accordingly	ADV
cblr-14251	97	59	should	should	AUX
cblr-14251	97	60	be	be	AUX
cblr-14251	97	61	perfectly	perfectly	ADV
cblr-14251	97	62	flat	flat	ADJ
cblr-14251	97	63	.	.	PUNCT
cblr-14251	98	1	raising	raise	VERB
cblr-14251	98	2	price	price	NOUN
cblr-14251	98	3	above	above	ADP
cblr-14251	98	4	the	the	DET
cblr-14251	98	5	level	level	NOUN
cblr-14251	98	6	set	set	VERB
cblr-14251	98	7	by	by	ADP
cblr-14251	98	8	an	an	DET
cblr-14251	98	9	efficient	efficient	ADJ
cblr-14251	98	10	market	market	NOUN
cblr-14251	98	11	causes	cause	VERB
cblr-14251	98	12	investors	investor	NOUN
cblr-14251	98	13	to	to	PART
cblr-14251	98	14	refuse	refuse	VERB
cblr-14251	98	15	to	to	PART
cblr-14251	98	16	purchase	purchase	VERB
cblr-14251	98	17	any	any	DET
cblr-14251	98	18	shares	share	NOUN
cblr-14251	98	19	,	,	PUNCT
cblr-14251	98	20	while	while	SCONJ
cblr-14251	98	21	lowering	lower	VERB
cblr-14251	98	22	price	price	NOUN
cblr-14251	98	23	below	below	ADP
cblr-14251	98	24	market	market	NOUN
cblr-14251	98	25	creates	create	VERB
cblr-14251	98	26	infinite	infinite	ADJ
cblr-14251	98	27	demand	demand	NOUN
cblr-14251	98	28	.	.	PUNCT
cblr-14251	98	29	”	"	PUNCT
cblr-14251	98	30	)	)	PUNCT
cblr-14251	98	31	;	;	PUNCT
cblr-14251	98	32	caleb	caleb	PROPN
cblr-14251	98	33	n.	n.	PROPN
cblr-14251	98	34	griffin	griffin	PROPN
cblr-14251	98	35	,	,	PUNCT
cblr-14251	98	36	extrinsic	extrinsic	ADJ
cblr-14251	98	37	value	value	NOUN
cblr-14251	98	38	,	,	PUNCT
cblr-14251	98	39	75	75	NUM
cblr-14251	98	40	ala	ala	NOUN
cblr-14251	98	41	.	.	PUNCT
cblr-14251	99	1	l.	l.	PROPN
cblr-14251	99	2	rev	rev	PROPN
cblr-14251	99	3	.	.	PROPN
cblr-14251	99	4	423	423	NUM
cblr-14251	99	5	,	,	PUNCT
cblr-14251	99	6	430	430	NUM
cblr-14251	99	7	(	(	PUNCT
cblr-14251	99	8	2023	2023	NUM
cblr-14251	99	9	)	)	PUNCT
cblr-14251	99	10	(	(	PUNCT
cblr-14251	99	11	“	"	PUNCT
cblr-14251	99	12	since	since	SCONJ
cblr-14251	99	13	there	there	PRON
cblr-14251	99	14	are	be	VERB
cblr-14251	99	15	several	several	ADJ
cblr-14251	99	16	thousand	thousand	NUM
cblr-14251	99	17	stocks	stock	NOUN
cblr-14251	99	18	that	that	PRON
cblr-14251	99	19	can	can	AUX
cblr-14251	99	20	be	be	AUX
cblr-14251	99	21	combined	combine	VERB
cblr-14251	99	22	in	in	ADP
cblr-14251	99	23	nearly	nearly	ADV
cblr-14251	99	24	infinite	infinite	ADJ
cblr-14251	99	25	ways	way	NOUN
cblr-14251	99	26	to	to	PART
cblr-14251	99	27	provide	provide	VERB
cblr-14251	99	28	an	an	DET
cblr-14251	99	29	investor	investor	NOUN
cblr-14251	99	30	’s	’s	PART
cblr-14251	99	31	desired	desire	VERB
cblr-14251	99	32	risk	risk	NOUN
cblr-14251	99	33	and	and	CCONJ
cblr-14251	99	34	return	return	NOUN
cblr-14251	99	35	characteristics	characteristic	NOUN
cblr-14251	99	36	,	,	PUNCT
cblr-14251	99	37	no	no	DET
cblr-14251	99	38	one	one	NUM
cblr-14251	99	39	stock	stock	NOUN
cblr-14251	99	40	is	be	AUX
cblr-14251	99	41	essential	essential	ADJ
cblr-14251	99	42	.	.	PUNCT
cblr-14251	99	43	”	"	PUNCT
cblr-14251	99	44	)	)	PUNCT
cblr-14251	99	45	.	.	PUNCT
cblr-14251	100	1	232	232	NUM
cblr-14251	100	2	columbia	columbia	PROPN
cblr-14251	100	3	business	business	NOUN
cblr-14251	100	4	law	law	PROPN
cblr-14251	100	5	review	review	NOUN
cblr-14251	100	6	[	[	X
cblr-14251	100	7	vol	vol	NOUN
cblr-14251	100	8	.	.	PUNCT
cblr-14251	100	9	2025	2025	NUM
cblr-14251	100	10	by	by	ADP
cblr-14251	100	11	contrast	contrast	NOUN
cblr-14251	100	12	,	,	PUNCT
cblr-14251	100	13	a	a	DET
cblr-14251	100	14	stock	stock	NOUN
cblr-14251	100	15	picker	picker	NOUN
cblr-14251	100	16	shares	share	VERB
cblr-14251	100	17	some	some	DET
cblr-14251	100	18	characteristics	characteristic	NOUN
cblr-14251	100	19	with	with	ADP
cblr-14251	100	20	a	a	DET
cblr-14251	100	21	consumer	consumer	NOUN
cblr-14251	100	22	in	in	ADP
cblr-14251	100	23	the	the	DET
cblr-14251	100	24	traditional	traditional	ADJ
cblr-14251	100	25	market	market	NOUN
cblr-14251	100	26	for	for	ADP
cblr-14251	100	27	goods	good	NOUN
cblr-14251	100	28	and	and	CCONJ
cblr-14251	100	29	services	service	NOUN
cblr-14251	100	30	.	.	PUNCT
cblr-14251	101	1	the	the	DET
cblr-14251	101	2	traditional	traditional	ADJ
cblr-14251	101	3	picture	picture	NOUN
cblr-14251	101	4	of	of	ADP
cblr-14251	101	5	a	a	DET
cblr-14251	101	6	consumer	consumer	NOUN
cblr-14251	101	7	in	in	ADP
cblr-14251	101	8	the	the	DET
cblr-14251	101	9	market	market	NOUN
cblr-14251	101	10	for	for	ADP
cblr-14251	101	11	goods	good	NOUN
cblr-14251	101	12	and	and	CCONJ
cblr-14251	101	13	services	service	NOUN
cblr-14251	101	14	is	be	AUX
cblr-14251	101	15	of	of	ADP
cblr-14251	101	16	a	a	DET
cblr-14251	101	17	person	person	NOUN
cblr-14251	101	18	who	who	PRON
cblr-14251	101	19	makes	make	VERB
cblr-14251	101	20	consumption	consumption	NOUN
cblr-14251	101	21	choices	choice	NOUN
cblr-14251	101	22	for	for	ADP
cblr-14251	101	23	a	a	DET
cblr-14251	101	24	host	host	NOUN
cblr-14251	101	25	of	of	ADP
cblr-14251	101	26	idiosyncratic	idiosyncratic	ADJ
cblr-14251	101	27	reasons	reason	NOUN
cblr-14251	101	28	driven	drive	VERB
cblr-14251	101	29	by	by	ADP
cblr-14251	101	30	personal	personal	ADJ
cblr-14251	101	31	utility	utility	NOUN
cblr-14251	101	32	:	:	PUNCT
cblr-14251	101	33	personal	personal	ADJ
cblr-14251	101	34	preferences	preference	NOUN
cblr-14251	101	35	,	,	PUNCT
cblr-14251	101	36	brand	brand	NOUN
cblr-14251	101	37	awareness	awareness	NOUN
cblr-14251	101	38	,	,	PUNCT
cblr-14251	101	39	signaling	signal	VERB
cblr-14251	101	40	,	,	PUNCT
cblr-14251	101	41	and	and	CCONJ
cblr-14251	101	42	so	so	ADV
cblr-14251	101	43	on.10	on.10	ADJ
cblr-14251	101	44	consumer	consumer	NOUN
cblr-14251	101	45	demand	demand	NOUN
cblr-14251	101	46	varies	vary	VERB
cblr-14251	101	47	widely	widely	ADV
cblr-14251	101	48	across	across	ADP
cblr-14251	101	49	individual	individual	ADJ
cblr-14251	101	50	,	,	PUNCT
cblr-14251	101	51	product	product	NOUN
cblr-14251	101	52	,	,	PUNCT
cblr-14251	101	53	and	and	CCONJ
cblr-14251	101	54	industry	industry	NOUN
cblr-14251	101	55	—	—	PUNCT
cblr-14251	101	56	and	and	CCONJ
cblr-14251	101	57	companies	company	NOUN
cblr-14251	101	58	compete	compete	VERB
cblr-14251	101	59	fiercely	fiercely	ADV
cblr-14251	101	60	to	to	PART
cblr-14251	101	61	capture	capture	VERB
cblr-14251	101	62	consumer	consumer	NOUN
cblr-14251	101	63	demand.11	demand.11	NOUN
cblr-14251	101	64	increasing	increase	VERB
cblr-14251	101	65	evidence	evidence	NOUN
cblr-14251	101	66	demonstrates	demonstrate	VERB
cblr-14251	101	67	that	that	SCONJ
cblr-14251	101	68	at	at	ADV
cblr-14251	101	69	least	least	ADJ
cblr-14251	101	70	some	some	PRON
cblr-14251	101	71	investors	investor	NOUN
cblr-14251	101	72	today	today	NOUN
cblr-14251	101	73	behave	behave	VERB
cblr-14251	101	74	like	like	ADP
cblr-14251	101	75	stock	stock	NOUN
cblr-14251	101	76	pickers.12	pickers.12	NOUN
cblr-14251	101	77	specifically	specifically	ADV
cblr-14251	101	78	,	,	PUNCT
cblr-14251	101	79	investors	investor	NOUN
cblr-14251	101	80	increasingly	increasingly	ADV
cblr-14251	101	81	trade	trade	VERB
cblr-14251	101	82	based	base	VERB
cblr-14251	101	83	on	on	ADP
cblr-14251	101	84	demand	demand	NOUN
cblr-14251	101	85	-	-	PUNCT
cblr-14251	101	86	related	relate	VERB
cblr-14251	101	87	factors	factor	NOUN
cblr-14251	101	88	,	,	PUNCT
cblr-14251	101	89	in	in	ADP
cblr-14251	101	90	addition	addition	NOUN
cblr-14251	101	91	to	to	ADP
cblr-14251	101	92	seeking	seek	VERB
cblr-14251	101	93	financial	financial	ADJ
cblr-14251	101	94	returns.13	returns.13	NOUN
cblr-14251	101	95	like	like	SCONJ
cblr-14251	101	96	they	they	PRON
cblr-14251	101	97	would	would	AUX
cblr-14251	101	98	with	with	ADP
cblr-14251	101	99	traditional	traditional	ADJ
cblr-14251	101	100	consumer	consumer	NOUN
cblr-14251	101	101	goods	good	NOUN
cblr-14251	101	102	,	,	PUNCT
cblr-14251	101	103	investors	investor	NOUN
cblr-14251	101	104	expect	expect	VERB
cblr-14251	101	105	—	—	PUNCT
cblr-14251	101	106	at	at	ADP
cblr-14251	101	107	least	least	ADJ
cblr-14251	101	108	to	to	ADP
cblr-14251	101	109	some	some	DET
cblr-14251	101	110	degree	degree	NOUN
cblr-14251	101	111	—	—	PUNCT
cblr-14251	101	112	that	that	SCONJ
cblr-14251	101	113	their	their	PRON
cblr-14251	101	114	financial	financial	ADJ
cblr-14251	101	115	investments	investment	NOUN
cblr-14251	101	116	also	also	ADV
cblr-14251	101	117	reflect	reflect	VERB
cblr-14251	101	118	their	their	PRON
cblr-14251	101	119	preferences	preference	NOUN
cblr-14251	101	120	and	and	CCONJ
cblr-14251	101	121	values.14	values.14	PRON
cblr-14251	101	122	some	some	PRON
cblr-14251	101	123	of	of	ADP
cblr-14251	101	124	those	those	DET
cblr-14251	101	125	preferences	preference	NOUN
cblr-14251	101	126	and	and	CCONJ
cblr-14251	101	127	values	value	NOUN
cblr-14251	101	128	may	may	AUX
cblr-14251	101	129	be	be	AUX
cblr-14251	101	130	financial	financial	ADJ
cblr-14251	101	131	,	,	PUNCT
cblr-14251	101	132	and	and	CCONJ
cblr-14251	101	133	indeed	indeed	ADV
cblr-14251	101	134	may	may	AUX
cblr-14251	101	135	be	be	AUX
cblr-14251	101	136	primarily	primarily	ADV
cblr-14251	101	137	financial.15	financial.15	NOUN
cblr-14251	101	138	but	but	CCONJ
cblr-14251	101	139	at	at	ADP
cblr-14251	101	140	least	least	ADJ
cblr-14251	101	141	some	some	PRON
cblr-14251	101	142	,	,	PUNCT
cblr-14251	101	143	some	some	PRON
cblr-14251	101	144	of	of	ADP
cblr-14251	101	145	the	the	DET
cblr-14251	101	146	time	time	NOUN
cblr-14251	101	147	,	,	PUNCT
cblr-14251	101	148	are	be	AUX
cblr-14251	101	149	not.16	not.16	PROPN
cblr-14251	101	150	when	when	SCONJ
cblr-14251	101	151	strong	strong	ADJ
cblr-14251	101	152	enough	enough	ADV
cblr-14251	101	153	,	,	PUNCT
cblr-14251	101	154	individual	individual	ADJ
cblr-14251	101	155	investor	investor	NOUN
cblr-14251	101	156	demand	demand	NOUN
cblr-14251	101	157	can	can	AUX
cblr-14251	101	158	affect	affect	VERB
cblr-14251	101	159	stock	stock	NOUN
cblr-14251	101	160	prices	price	NOUN
cblr-14251	101	161	and	and	CCONJ
cblr-14251	101	162	behave	behave	VERB
cblr-14251	101	163	like	like	ADP
cblr-14251	101	164	traditional	traditional	ADJ
cblr-14251	101	165	forms	form	NOUN
cblr-14251	101	166	of	of	ADP
cblr-14251	101	167	market	market	NOUN
cblr-14251	101	168	-	-	PUNCT
cblr-14251	101	169	moving	move	VERB
cblr-14251	101	170	information.17	information.17	NOUN
cblr-14251	101	171	in	in	ADP
cblr-14251	101	172	doing	do	VERB
cblr-14251	101	173	so	so	ADV
cblr-14251	101	174	,	,	PUNCT
cblr-14251	101	175	demand	demand	NOUN
cblr-14251	101	176	can	can	AUX
cblr-14251	101	177	shape	shape	VERB
cblr-14251	101	178	a	a	DET
cblr-14251	101	179	market	market	NOUN
cblr-14251	101	180	for	for	ADP
cblr-14251	101	181	individual	individual	ADJ
cblr-14251	101	182	stocks	stock	NOUN
cblr-14251	101	183	,	,	PUNCT
cblr-14251	101	184	where	where	SCONJ
cblr-14251	101	185	stocks	stock	NOUN
cblr-14251	101	186	can	can	AUX
cblr-14251	101	187	trade	trade	VERB
cblr-14251	101	188	at	at	ADP
cblr-14251	101	189	a	a	DET
cblr-14251	101	190	sustained	sustained	ADJ
cblr-14251	101	191	premium	premium	NOUN
cblr-14251	101	192	(	(	PUNCT
cblr-14251	101	193	or	or	CCONJ
cblr-14251	101	194	discount	discount	NOUN
cblr-14251	101	195	)	)	PUNCT
cblr-14251	101	196	to	to	ADP
cblr-14251	101	197	the	the	DET
cblr-14251	101	198	price	price	NOUN
cblr-14251	101	199	that	that	PRON
cblr-14251	101	200	would	would	AUX
cblr-14251	101	201	otherwise	otherwise	ADV
cblr-14251	101	202	be	be	AUX
cblr-14251	101	203	dictated	dictate	VERB
cblr-14251	101	204	by	by	ADP
cblr-14251	101	205	their	their	PRON
cblr-14251	101	206	fundamental	fundamental	ADJ
cblr-14251	101	207	value.18	value.18	NOUN
cblr-14251	101	208	this	this	DET
cblr-14251	101	209	section	section	NOUN
cblr-14251	101	210	identifies	identify	VERB
cblr-14251	101	211	four	four	NUM
cblr-14251	101	212	areas	area	NOUN
cblr-14251	101	213	where	where	SCONJ
cblr-14251	101	214	evidence	evidence	NOUN
cblr-14251	101	215	supports	support	VERB
cblr-14251	101	216	the	the	DET
cblr-14251	101	217	10	10	NUM
cblr-14251	101	218	see	see	NOUN
cblr-14251	101	219	infra	infra	NOUN
cblr-14251	101	220	section	section	NOUN
cblr-14251	101	221	iii.c	iii.c	PROPN
cblr-14251	101	222	-	-	PUNCT
cblr-14251	101	223	d.	d.	PROPN
cblr-14251	101	224	11	11	NUM
cblr-14251	101	225	see	see	VERB
cblr-14251	101	226	merritt	merritt	PROPN
cblr-14251	101	227	b.	b.	PROPN
cblr-14251	101	228	fox	fox	PROPN
cblr-14251	101	229	et	et	PROPN
cblr-14251	101	230	al	al	PROPN
cblr-14251	101	231	.	.	PROPN
cblr-14251	101	232	,	,	PUNCT
cblr-14251	101	233	the	the	DET
cblr-14251	101	234	new	new	ADJ
cblr-14251	101	235	stock	stock	NOUN
cblr-14251	101	236	market	market	NOUN
cblr-14251	101	237	:	:	PUNCT
cblr-14251	101	238	law	law	NOUN
cblr-14251	101	239	,	,	PUNCT
cblr-14251	101	240	economics	economic	NOUN
cblr-14251	101	241	,	,	PUNCT
cblr-14251	101	242	and	and	CCONJ
cblr-14251	101	243	policy	policy	NOUN
cblr-14251	101	244	1	1	NUM
cblr-14251	101	245	(	(	PUNCT
cblr-14251	101	246	2019	2019	NUM
cblr-14251	101	247	)	)	PUNCT
cblr-14251	101	248	(	(	PUNCT
cblr-14251	101	249	“	"	PUNCT
cblr-14251	101	250	whereas	whereas	SCONJ
cblr-14251	101	251	many	many	ADJ
cblr-14251	101	252	market	market	NOUN
cblr-14251	101	253	transactions	transaction	NOUN
cblr-14251	101	254	involve	involve	VERB
cblr-14251	101	255	the	the	DET
cblr-14251	101	256	consumption	consumption	NOUN
cblr-14251	101	257	of	of	ADP
cblr-14251	101	258	goods	good	NOUN
cblr-14251	101	259	that	that	PRON
cblr-14251	101	260	provide	provide	VERB
cblr-14251	101	261	personal	personal	ADJ
cblr-14251	101	262	utility	utility	NOUN
cblr-14251	101	263	,	,	PUNCT
cblr-14251	101	264	transactions	transaction	NOUN
cblr-14251	101	265	in	in	ADP
cblr-14251	101	266	financial	financial	ADJ
cblr-14251	101	267	markets	market	NOUN
cblr-14251	101	268	involve	involve	VERB
cblr-14251	101	269	the	the	DET
cblr-14251	101	270	pursuit	pursuit	NOUN
cblr-14251	101	271	of	of	ADP
cblr-14251	101	272	claims	claim	NOUN
cblr-14251	101	273	on	on	ADP
cblr-14251	101	274	future	future	ADJ
cblr-14251	101	275	cash	cash	NOUN
cblr-14251	101	276	flows	flow	NOUN
cblr-14251	101	277	and	and	CCONJ
cblr-14251	101	278	control	control	NOUN
cblr-14251	101	279	rights	right	NOUN
cblr-14251	101	280	.	.	PUNCT
cblr-14251	101	281	”	"	PUNCT
cblr-14251	101	282	)	)	PUNCT
cblr-14251	101	283	;	;	PUNCT
cblr-14251	101	284	alexandra	alexandra	PROPN
cblr-14251	101	285	roberts	roberts	PROPN
cblr-14251	101	286	,	,	PUNCT
cblr-14251	101	287	false	false	ADJ
cblr-14251	101	288	influencing	influencing	NOUN
cblr-14251	101	289	,	,	PUNCT
cblr-14251	101	290	109	109	NUM
cblr-14251	101	291	geo	geo	PROPN
cblr-14251	101	292	.	.	PROPN
cblr-14251	101	293	l.	l.	PROPN
cblr-14251	101	294	j.	j.	PROPN
cblr-14251	101	295	81	81	PROPN
cblr-14251	101	296	,	,	PUNCT
cblr-14251	101	297	82–85	82–85	NUM
cblr-14251	101	298	(	(	PUNCT
cblr-14251	101	299	2020	2020	NUM
cblr-14251	101	300	)	)	PUNCT
cblr-14251	101	301	(	(	PUNCT
cblr-14251	101	302	describing	describe	VERB
cblr-14251	101	303	myriad	myriad	ADJ
cblr-14251	101	304	ways	way	NOUN
cblr-14251	101	305	in	in	ADP
cblr-14251	101	306	which	which	PRON
cblr-14251	101	307	companies	company	NOUN
cblr-14251	101	308	market	market	VERB
cblr-14251	101	309	and	and	CCONJ
cblr-14251	101	310	advertise	advertise	NOUN
cblr-14251	101	311	products	product	NOUN
cblr-14251	101	312	,	,	PUNCT
cblr-14251	101	313	especially	especially	ADV
cblr-14251	101	314	through	through	ADP
cblr-14251	101	315	the	the	DET
cblr-14251	101	316	use	use	NOUN
cblr-14251	101	317	of	of	ADP
cblr-14251	101	318	influencers	influencer	NOUN
cblr-14251	101	319	)	)	PUNCT
cblr-14251	101	320	.	.	PUNCT
cblr-14251	102	1	12	12	NUM
cblr-14251	102	2	see	see	NOUN
cblr-14251	102	3	infra	infra	NOUN
cblr-14251	102	4	section	section	NOUN
cblr-14251	102	5	ii.a	ii.a	PROPN
cblr-14251	102	6	-	-	PROPN
cblr-14251	102	7	e.	e.	PROPN
cblr-14251	102	8	13	13	NUM
cblr-14251	102	9	see	see	VERB
cblr-14251	102	10	infra	infra	NOUN
cblr-14251	102	11	section	section	NOUN
cblr-14251	102	12	ii.a	ii.a	PROPN
cblr-14251	102	13	-	-	PROPN
cblr-14251	102	14	e.	e.	PROPN
cblr-14251	102	15	14	14	NUM
cblr-14251	102	16	see	see	VERB
cblr-14251	102	17	infra	infra	NOUN
cblr-14251	102	18	section	section	NOUN
cblr-14251	102	19	ii.a	ii.a	PROPN
cblr-14251	102	20	-	-	PROPN
cblr-14251	102	21	e.	e.	PROPN
cblr-14251	102	22	15	15	NUM
cblr-14251	102	23	see	see	VERB
cblr-14251	102	24	infra	infra	NOUN
cblr-14251	102	25	section	section	NOUN
cblr-14251	102	26	ii.a	ii.a	PROPN
cblr-14251	102	27	-	-	PROPN
cblr-14251	102	28	e.	e.	PROPN
cblr-14251	102	29	16	16	NUM
cblr-14251	102	30	see	see	VERB
cblr-14251	102	31	infra	infra	NOUN
cblr-14251	102	32	section	section	NOUN
cblr-14251	102	33	ii.a	ii.a	PROPN
cblr-14251	102	34	-	-	PROPN
cblr-14251	102	35	e.	e.	PROPN
cblr-14251	102	36	17	17	NUM
cblr-14251	102	37	see	see	VERB
cblr-14251	102	38	infra	infra	NOUN
cblr-14251	102	39	section	section	NOUN
cblr-14251	102	40	iii.b	iii.b	PROPN
cblr-14251	102	41	-	-	PROPN
cblr-14251	102	42	c.	c.	NOUN
cblr-14251	102	43	18	18	NUM
cblr-14251	102	44	see	see	NOUN
cblr-14251	102	45	infra	infra	NOUN
cblr-14251	102	46	section	section	NOUN
cblr-14251	102	47	iii.b	iii.b	PROPN
cblr-14251	102	48	-	-	PROPN
cblr-14251	102	49	c.	c.	NOUN
cblr-14251	102	50	no	no	NOUN
cblr-14251	102	51	.	.	NOUN
cblr-14251	103	1	1	1	NUM
cblr-14251	103	2	]	]	PUNCT
cblr-14251	103	3	securities	security	NOUN
cblr-14251	103	4	fraud	fraud	NOUN
cblr-14251	103	5	and	and	CCONJ
cblr-14251	103	6	the	the	DET
cblr-14251	103	7	market	market	NOUN
cblr-14251	103	8	for	for	ADP
cblr-14251	103	9	individual	individual	ADJ
cblr-14251	103	10	stocks	stock	NOUN
cblr-14251	103	11	233	233	NUM
cblr-14251	103	12	existence	existence	NOUN
cblr-14251	103	13	of	of	ADP
cblr-14251	103	14	a	a	DET
cblr-14251	103	15	market	market	NOUN
cblr-14251	103	16	for	for	ADP
cblr-14251	103	17	individual	individual	ADJ
cblr-14251	103	18	stocks	stock	NOUN
cblr-14251	103	19	.	.	PUNCT
cblr-14251	104	1	part	part	NOUN
cblr-14251	104	2	a	a	DET
cblr-14251	104	3	describes	describe	NOUN
cblr-14251	104	4	environmental	environmental	ADJ
cblr-14251	104	5	,	,	PUNCT
cblr-14251	104	6	social	social	ADJ
cblr-14251	104	7	,	,	PUNCT
cblr-14251	104	8	and	and	CCONJ
cblr-14251	104	9	governance	governance	NOUN
cblr-14251	104	10	(	(	PUNCT
cblr-14251	104	11	“	"	PUNCT
cblr-14251	104	12	esg	esg	PROPN
cblr-14251	104	13	”	"	PUNCT
cblr-14251	104	14	)	)	PUNCT
cblr-14251	104	15	factors	factor	NOUN
cblr-14251	104	16	,	,	PUNCT
cblr-14251	104	17	part	part	NOUN
cblr-14251	104	18	b	b	PROPN
cblr-14251	104	19	discusses	discuss	VERB
cblr-14251	104	20	political	political	ADJ
cblr-14251	104	21	values	value	NOUN
cblr-14251	104	22	,	,	PUNCT
cblr-14251	104	23	part	part	NOUN
cblr-14251	104	24	c	c	PROPN
cblr-14251	104	25	evaluates	evaluate	VERB
cblr-14251	104	26	the	the	DET
cblr-14251	104	27	retail	retail	ADJ
cblr-14251	104	28	premium	premium	NOUN
cblr-14251	104	29	,	,	PUNCT
cblr-14251	104	30	and	and	CCONJ
cblr-14251	104	31	part	part	NOUN
cblr-14251	104	32	d	d	NOUN
cblr-14251	104	33	looks	look	VERB
cblr-14251	104	34	at	at	ADP
cblr-14251	104	35	finfluencers	finfluencer	NOUN
cblr-14251	104	36	.	.	PUNCT
cblr-14251	105	1	part	part	NOUN
cblr-14251	105	2	e	e	NOUN
cblr-14251	105	3	then	then	ADV
cblr-14251	105	4	provides	provide	VERB
cblr-14251	105	5	overarching	overarching	ADJ
cblr-14251	105	6	observations	observation	NOUN
cblr-14251	105	7	.	.	PUNCT
cblr-14251	106	1	a.	a.	PROPN
cblr-14251	106	2	environmental	environmental	PROPN
cblr-14251	106	3	,	,	PUNCT
cblr-14251	106	4	social	social	ADJ
cblr-14251	106	5	,	,	PUNCT
cblr-14251	106	6	and	and	CCONJ
cblr-14251	106	7	governance	governance	NOUN
cblr-14251	106	8	(	(	PUNCT
cblr-14251	106	9	“	"	PUNCT
cblr-14251	106	10	esg	esg	PROPN
cblr-14251	106	11	”	"	PUNCT
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cblr-14251	106	13	issues	issue	NOUN
cblr-14251	106	14	in	in	ADP
cblr-14251	106	15	recent	recent	ADJ
cblr-14251	106	16	years	year	NOUN
cblr-14251	106	17	,	,	PUNCT
cblr-14251	106	18	stocks	stock	NOUN
cblr-14251	106	19	associated	associate	VERB
cblr-14251	106	20	with	with	ADP
cblr-14251	106	21	environmental	environmental	ADJ
cblr-14251	106	22	,	,	PUNCT
cblr-14251	106	23	social	social	ADJ
cblr-14251	106	24	,	,	PUNCT
cblr-14251	106	25	and	and	CCONJ
cblr-14251	106	26	governance	governance	NOUN
cblr-14251	106	27	(	(	PUNCT
cblr-14251	106	28	“	"	PUNCT
cblr-14251	106	29	esg	esg	PROPN
cblr-14251	106	30	”	"	PUNCT
cblr-14251	106	31	)	)	PUNCT
cblr-14251	106	32	factors	factor	NOUN
cblr-14251	106	33	have	have	AUX
cblr-14251	106	34	tended	tend	VERB
cblr-14251	106	35	to	to	PART
cblr-14251	106	36	exhibit	exhibit	VERB
cblr-14251	106	37	sustained	sustain	VERB
cblr-14251	106	38	,	,	PUNCT
cblr-14251	106	39	abnormally	abnormally	ADV
cblr-14251	106	40	high	high	ADJ
cblr-14251	106	41	returns.19	returns.19	PROPN
cblr-14251	106	42	bloomberg	bloomberg	PROPN
cblr-14251	106	43	has	have	AUX
cblr-14251	106	44	forecast	forecast	VERB
cblr-14251	106	45	that	that	SCONJ
cblr-14251	106	46	global	global	ADJ
cblr-14251	106	47	esg	esg	PROPN
cblr-14251	106	48	assets	asset	NOUN
cblr-14251	106	49	will	will	AUX
cblr-14251	106	50	reach	reach	VERB
cblr-14251	106	51	$	$	SYM
cblr-14251	106	52	40	40	NUM
cblr-14251	106	53	trillion	trillion	NUM
cblr-14251	106	54	by	by	ADP
cblr-14251	106	55	2030,20	2030,20	NUM
cblr-14251	106	56	and	and	CCONJ
cblr-14251	106	57	a	a	DET
cblr-14251	106	58	morgan	morgan	PROPN
cblr-14251	106	59	stanley	stanley	PROPN
cblr-14251	106	60	report	report	PROPN
cblr-14251	106	61	in	in	ADP
cblr-14251	106	62	january	january	PROPN
cblr-14251	106	63	2024	2024	NUM
cblr-14251	106	64	found	find	VERB
cblr-14251	106	65	that	that	SCONJ
cblr-14251	106	66	more	more	ADJ
cblr-14251	106	67	than	than	ADP
cblr-14251	106	68	50	50	NUM
cblr-14251	106	69	%	%	NOUN
cblr-14251	106	70	of	of	ADP
cblr-14251	106	71	individuals	individual	NOUN
cblr-14251	106	72	surveyed	survey	VERB
cblr-14251	106	73	planned	plan	VERB
cblr-14251	106	74	to	to	PART
cblr-14251	106	75	increase	increase	VERB
cblr-14251	106	76	allocations	allocation	NOUN
cblr-14251	106	77	to	to	ADP
cblr-14251	106	78	sustainable	sustainable	ADJ
cblr-14251	106	79	investments	investment	NOUN
cblr-14251	106	80	over	over	ADP
cblr-14251	106	81	the	the	DET
cblr-14251	106	82	next	next	ADJ
cblr-14251	106	83	year.21	year.21	NOUN
cblr-14251	106	84	a	a	DET
cblr-14251	106	85	multitude	multitude	NOUN
cblr-14251	106	86	of	of	ADP
cblr-14251	106	87	19	19	NUM
cblr-14251	106	88	see	see	NOUN
cblr-14251	106	89	griffin	griffin	NOUN
cblr-14251	106	90	,	,	PUNCT
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cblr-14251	106	92	note	note	NOUN
cblr-14251	106	93	9	9	NUM
cblr-14251	106	94	at	at	ADP
cblr-14251	106	95	443	443	NUM
cblr-14251	106	96	;	;	PUNCT
cblr-14251	106	97	tensie	tensie	PROPN
cblr-14251	106	98	whelan	whelan	PROPN
cblr-14251	106	99	,	,	PUNCT
cblr-14251	106	100	et	et	PROPN
cblr-14251	106	101	al	al	PROPN
cblr-14251	106	102	.	.	PROPN
cblr-14251	106	103	,	,	PUNCT
cblr-14251	106	104	nyu	nyu	PROPN
cblr-14251	106	105	stern	stern	PROPN
cblr-14251	106	106	ctr	ctr	PROPN
cblr-14251	106	107	.	.	PUNCT
cblr-14251	107	1	for	for	ADP
cblr-14251	107	2	sustainable	sustainable	ADJ
cblr-14251	107	3	bus	bus	NOUN
cblr-14251	107	4	.	.	PUNCT
cblr-14251	107	5	,	,	PUNCT
cblr-14251	107	6	esg	esg	PROPN
cblr-14251	107	7	and	and	CCONJ
cblr-14251	107	8	financial	financial	ADJ
cblr-14251	107	9	performance	performance	NOUN
cblr-14251	107	10	:	:	PUNCT
cblr-14251	107	11	uncovering	uncover	VERB
cblr-14251	107	12	the	the	DET
cblr-14251	107	13	relationship	relationship	NOUN
cblr-14251	107	14	by	by	ADP
cblr-14251	107	15	aggregating	aggregate	VERB
cblr-14251	107	16	evidence	evidence	NOUN
cblr-14251	107	17	from	from	ADP
cblr-14251	107	18	1,000	1,000	NUM
cblr-14251	107	19	plus	plus	CCONJ
cblr-14251	107	20	studies	study	NOUN
cblr-14251	107	21	published	publish	VERB
cblr-14251	107	22	between	between	ADP
cblr-14251	107	23	2015	2015	NUM
cblr-14251	107	24	–	–	PUNCT
cblr-14251	107	25	2020	2020	NUM
cblr-14251	107	26	(	(	PUNCT
cblr-14251	107	27	2021	2021	NUM
cblr-14251	107	28	)	)	PUNCT
cblr-14251	107	29	,	,	PUNCT
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cblr-14251	108	4	(	(	PUNCT
cblr-14251	108	5	finding	find	VERB
cblr-14251	108	6	positive	positive	ADJ
cblr-14251	108	7	returns	return	NOUN
cblr-14251	108	8	associated	associate	VERB
cblr-14251	108	9	with	with	ADP
cblr-14251	108	10	esg	esg	NOUN
cblr-14251	108	11	strategies	strategy	NOUN
cblr-14251	108	12	based	base	VERB
cblr-14251	108	13	on	on	ADP
cblr-14251	108	14	evidence	evidence	NOUN
cblr-14251	108	15	from	from	ADP
cblr-14251	108	16	1,000	1,000	NUM
cblr-14251	108	17	studies	study	NOUN
cblr-14251	108	18	)	)	PUNCT
cblr-14251	108	19	;	;	PUNCT
cblr-14251	108	20	mark	mark	PROPN
cblr-14251	108	21	fulton	fulton	PROPN
cblr-14251	108	22	et	et	PROPN
cblr-14251	108	23	al	al	PROPN
cblr-14251	108	24	.	.	PROPN
cblr-14251	108	25	,	,	PUNCT
cblr-14251	108	26	deutsche	deutsche	PROPN
cblr-14251	108	27	bank	bank	PROPN
cblr-14251	108	28	grp	grp	PROPN
cblr-14251	108	29	.	.	PROPN
cblr-14251	108	30	,	,	PUNCT
cblr-14251	108	31	sustainable	sustainable	ADJ
cblr-14251	108	32	investing	investing	NOUN
cblr-14251	108	33	:	:	PUNCT
cblr-14251	108	34	establishing	establish	VERB
cblr-14251	108	35	long	long	ADJ
cblr-14251	108	36	-	-	PUNCT
cblr-14251	108	37	term	term	NOUN
cblr-14251	108	38	value	value	NOUN
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cblr-14251	108	40	performance	performance	NOUN
cblr-14251	108	41	8	8	NUM
cblr-14251	108	42	(	(	PUNCT
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cblr-14251	108	44	)	)	PUNCT
cblr-14251	108	45	(	(	PUNCT
cblr-14251	108	46	surveying	survey	VERB
cblr-14251	108	47	over	over	ADP
cblr-14251	108	48	100	100	NUM
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cblr-14251	108	50	studies	study	NOUN
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cblr-14251	108	53	that	that	DET
cblr-14251	108	54	superior	superior	ADJ
cblr-14251	108	55	risk	risk	NOUN
cblr-14251	108	56	-	-	PUNCT
cblr-14251	108	57	adjusted	adjust	VERB
cblr-14251	108	58	returns	return	NOUN
cblr-14251	108	59	are	be	AUX
cblr-14251	108	60	correlated	correlate	VERB
cblr-14251	108	61	with	with	ADP
cblr-14251	108	62	corporate	corporate	ADJ
cblr-14251	108	63	social	social	ADJ
cblr-14251	108	64	responsibility	responsibility	NOUN
cblr-14251	108	65	(	(	PUNCT
cblr-14251	108	66	csr	csr	NOUN
cblr-14251	108	67	)	)	PUNCT
cblr-14251	108	68	and	and	CCONJ
cblr-14251	108	69	esg	esg	NOUN
cblr-14251	108	70	factors	factor	NOUN
cblr-14251	108	71	)	)	PUNCT
cblr-14251	108	72	.	.	PUNCT
cblr-14251	109	1	20	20	NUM
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cblr-14251	109	3	esg	esg	PROPN
cblr-14251	109	4	assets	asset	NOUN
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cblr-14251	109	6	to	to	PART
cblr-14251	109	7	hit	hit	VERB
cblr-14251	109	8	$	$	SYM
cblr-14251	109	9	40	40	NUM
cblr-14251	109	10	trillion	trillion	NUM
cblr-14251	109	11	by	by	ADP
cblr-14251	109	12	2030	2030	NUM
cblr-14251	109	13	,	,	PUNCT
cblr-14251	109	14	despite	despite	SCONJ
cblr-14251	109	15	challenging	challenge	VERB
cblr-14251	109	16	environment	environment	NOUN
cblr-14251	109	17	,	,	PUNCT
cblr-14251	109	18	forecasts	forecast	VERB
cblr-14251	109	19	bloomberg	bloomberg	PROPN
cblr-14251	109	20	intelligence	intelligence	PROPN
cblr-14251	109	21	,	,	PUNCT
cblr-14251	109	22	bloomberg	bloomberg	PROPN
cblr-14251	109	23	(	(	PUNCT
cblr-14251	109	24	feb	feb	PROPN
cblr-14251	109	25	.	.	PROPN
cblr-14251	109	26	8	8	NUM
cblr-14251	109	27	,	,	PUNCT
cblr-14251	109	28	2024	2024	NUM
cblr-14251	109	29	)	)	PUNCT
cblr-14251	109	30	,	,	PUNCT
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cblr-14251	109	35	.	.	PUNCT
cblr-14251	110	1	21	21	NUM
cblr-14251	110	2	individual	individual	ADJ
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cblr-14251	110	6	in	in	ADP
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cblr-14251	110	8	is	be	AUX
cblr-14251	110	9	on	on	ADP
cblr-14251	110	10	the	the	DET
cblr-14251	110	11	rise	rise	NOUN
cblr-14251	110	12	,	,	PUNCT
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cblr-14251	110	14	stanley	stanley	PROPN
cblr-14251	110	15	(	(	PUNCT
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cblr-14251	110	22	,	,	PUNCT
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cblr-14251	110	27	.	.	PUNCT
cblr-14251	111	1	see	see	VERB
cblr-14251	111	2	also	also	ADV
cblr-14251	111	3	morgan	morgan	PROPN
cblr-14251	111	4	stanley	stanley	PROPN
cblr-14251	111	5	inst	inst	PROPN
cblr-14251	111	6	.	.	PUNCT
cblr-14251	112	1	sustainable	sustainable	ADJ
cblr-14251	112	2	inv	inv	NOUN
cblr-14251	112	3	.	.	PUNCT
cblr-14251	112	4	&	&	CCONJ
cblr-14251	112	5	morgan	morgan	PROPN
cblr-14251	112	6	stanley	stanley	PROPN
cblr-14251	112	7	wealth	wealth	PROPN
cblr-14251	112	8	mgmt	mgmt	PROPN
cblr-14251	112	9	.	.	PROPN
cblr-14251	112	10	,	,	PUNCT
cblr-14251	112	11	sustainable	sustainable	ADJ
cblr-14251	112	12	signals	signal	NOUN
cblr-14251	112	13	understanding	understand	VERB
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cblr-14251	112	15	investors	investor	NOUN
cblr-14251	112	16	’	’	PART
cblr-14251	112	17	interests	interest	NOUN
cblr-14251	112	18	and	and	CCONJ
cblr-14251	112	19	priorities	priority	NOUN
cblr-14251	112	20	5	5	NUM
cblr-14251	112	21	(	(	PUNCT
cblr-14251	112	22	2022	2022	NUM
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cblr-14251	112	24	,	,	PUNCT
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cblr-14251	112	30	(	(	PUNCT
cblr-14251	112	31	finding	find	VERB
cblr-14251	112	32	that	that	SCONJ
cblr-14251	112	33	“	"	PUNCT
cblr-14251	112	34	77	77	NUM
cblr-14251	112	35	%	%	NOUN
cblr-14251	112	36	of	of	ADP
cblr-14251	112	37	surveyed	survey	VERB
cblr-14251	112	38	individual	individual	ADJ
cblr-14251	112	39	investors	investor	NOUN
cblr-14251	112	40	globally	globally	ADV
cblr-14251	112	41	are	be	AUX
cblr-14251	112	42	interested	interested	ADJ
cblr-14251	112	43	in	in	ADP
cblr-14251	112	44	sustainable	sustainable	ADJ
cblr-14251	112	45	investing	investing	NOUN
cblr-14251	112	46	”	"	PUNCT
cblr-14251	112	47	)	)	PUNCT
cblr-14251	112	48	.	.	PUNCT
cblr-14251	113	1	234	234	NUM
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cblr-14251	113	3	business	business	NOUN
cblr-14251	113	4	law	law	PROPN
cblr-14251	113	5	review	review	NOUN
cblr-14251	113	6	[	[	X
cblr-14251	113	7	vol	vol	NOUN
cblr-14251	113	8	.	.	PUNCT
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cblr-14251	114	5	etfs	etfs	NOUN
cblr-14251	114	6	and	and	CCONJ
cblr-14251	114	7	funds	fund	NOUN
cblr-14251	114	8	have	have	AUX
cblr-14251	114	9	cropped	crop	VERB
cblr-14251	114	10	up	up	ADP
cblr-14251	114	11	in	in	ADP
cblr-14251	114	12	response.22	response.22	NOUN
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cblr-14251	114	14	examples	example	NOUN
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cblr-14251	114	17	theories	theory	NOUN
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cblr-14251	114	20	law	law	NOUN
cblr-14251	114	21	do	do	AUX
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cblr-14251	114	23	cleanly	cleanly	ADV
cblr-14251	114	24	explain	explain	VERB
cblr-14251	114	25	the	the	DET
cblr-14251	114	26	rise	rise	NOUN
cblr-14251	114	27	of	of	ADP
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cblr-14251	115	1	esg	esg	NOUN
cblr-14251	115	2	factors	factor	NOUN
cblr-14251	115	3	do	do	AUX
cblr-14251	115	4	not	not	PART
cblr-14251	115	5	necessarily	necessarily	ADV
cblr-14251	115	6	convey	convey	VERB
cblr-14251	115	7	financial	financial	ADJ
cblr-14251	115	8	information	information	NOUN
cblr-14251	115	9	related	relate	VERB
cblr-14251	115	10	to	to	ADP
cblr-14251	115	11	an	an	DET
cblr-14251	115	12	issuer	issuer	NOUN
cblr-14251	115	13	’s	’s	PART
cblr-14251	115	14	fundamental	fundamental	ADJ
cblr-14251	115	15	value	value	NOUN
cblr-14251	115	16	—	—	PUNCT
cblr-14251	115	17	the	the	DET
cblr-14251	115	18	traditional	traditional	ADJ
cblr-14251	115	19	category	category	NOUN
cblr-14251	115	20	of	of	ADP
cblr-14251	115	21	market	market	NOUN
cblr-14251	115	22	-	-	PUNCT
cblr-14251	115	23	moving	move	VERB
cblr-14251	115	24	information	information	NOUN
cblr-14251	115	25	that	that	PRON
cblr-14251	115	26	primarily	primarily	ADV
cblr-14251	115	27	determines	determine	VERB
cblr-14251	115	28	share	share	NOUN
cblr-14251	115	29	prices	price	NOUN
cblr-14251	115	30	and	and	CCONJ
cblr-14251	115	31	drives	drive	VERB
cblr-14251	115	32	investor	investor	NOUN
cblr-14251	115	33	decision	decision	NOUN
cblr-14251	115	34	-	-	PUNCT
cblr-14251	115	35	making.24	making.24	NOUN
cblr-14251	115	36	a	a	DET
cblr-14251	115	37	number	number	NOUN
cblr-14251	115	38	of	of	ADP
cblr-14251	115	39	viewpoints	viewpoint	NOUN
cblr-14251	115	40	have	have	AUX
cblr-14251	115	41	been	be	AUX
cblr-14251	115	42	offered	offer	VERB
cblr-14251	115	43	in	in	ADP
cblr-14251	115	44	response	response	NOUN
cblr-14251	115	45	:	:	PUNCT
cblr-14251	115	46	those	those	PRON
cblr-14251	115	47	who	who	PRON
cblr-14251	115	48	seek	seek	VERB
cblr-14251	115	49	to	to	PART
cblr-14251	115	50	explain	explain	VERB
cblr-14251	115	51	esg	esg	PROPN
cblr-14251	115	52	via	via	ADP
cblr-14251	115	53	traditional	traditional	ADJ
cblr-14251	115	54	shareholder	shareholder	NOUN
cblr-14251	115	55	primacy	primacy	NOUN
cblr-14251	115	56	theories	theory	NOUN
cblr-14251	115	57	,	,	PUNCT
cblr-14251	115	58	those	those	PRON
cblr-14251	115	59	who	who	PRON
cblr-14251	115	60	believe	believe	VERB
cblr-14251	115	61	that	that	SCONJ
cblr-14251	115	62	esg	esg	PROPN
cblr-14251	115	63	will	will	AUX
cblr-14251	115	64	promote	promote	VERB
cblr-14251	115	65	long	long	ADJ
cblr-14251	115	66	term	term	NOUN
cblr-14251	115	67	value	value	NOUN
cblr-14251	115	68	,	,	PUNCT
cblr-14251	115	69	and	and	CCONJ
cblr-14251	115	70	those	those	PRON
cblr-14251	115	71	who	who	PRON
cblr-14251	115	72	believe	believe	VERB
cblr-14251	115	73	esg	esg	PROPN
cblr-14251	115	74	and	and	CCONJ
cblr-14251	115	75	stakeholderism	stakeholderism	NOUN
cblr-14251	115	76	will	will	AUX
cblr-14251	115	77	lead	lead	VERB
cblr-14251	115	78	to	to	ADP
cblr-14251	115	79	further	further	ADJ
cblr-14251	115	80	managerial	managerial	ADJ
cblr-14251	115	81	entrenchment.25	entrenchment.25	PROPN
cblr-14251	115	82	professors	professor	NOUN
cblr-14251	115	83	michal	michal	PROPN
cblr-14251	115	84	barzuza	barzuza	PROPN
cblr-14251	115	85	,	,	PUNCT
cblr-14251	115	86	quinn	quinn	NOUN
cblr-14251	115	87	curtis	curtis	PROPN
cblr-14251	115	88	,	,	PUNCT
cblr-14251	115	89	and	and	CCONJ
cblr-14251	115	90	david	david	PROPN
cblr-14251	115	91	webber	webber	PROPN
cblr-14251	115	92	have	have	AUX
cblr-14251	115	93	identified	identify	VERB
cblr-14251	115	94	a	a	DET
cblr-14251	115	95	key	key	ADJ
cblr-14251	115	96	drawback	drawback	NOUN
cblr-14251	115	97	of	of	ADP
cblr-14251	115	98	these	these	DET
cblr-14251	115	99	theories	theory	NOUN
cblr-14251	115	100	;	;	PUNCT
cblr-14251	115	101	namely	namely	ADV
cblr-14251	115	102	,	,	PUNCT
cblr-14251	115	103	“	"	PUNCT
cblr-14251	115	104	they	they	PRON
cblr-14251	115	105	do	do	AUX
cblr-14251	115	106	not	not	PART
cblr-14251	115	107	fully	fully	ADV
cblr-14251	115	108	account	account	VERB
cblr-14251	115	109	for	for	ADP
cblr-14251	115	110	the	the	DET
cblr-14251	115	111	rising	rise	VERB
cblr-14251	115	112	social	social	ADJ
cblr-14251	115	113	pressure	pressure	NOUN
cblr-14251	115	114	on	on	ADP
cblr-14251	115	115	firms	firm	NOUN
cblr-14251	115	116	to	to	PART
cblr-14251	115	117	act	act	VERB
cblr-14251	115	118	responsibly	responsibly	ADV
cblr-14251	115	119	.	.	PUNCT
cblr-14251	116	1	”26	”26	VERB
cblr-14251	116	2	that	that	PRON
cblr-14251	116	3	is	be	AUX
cblr-14251	116	4	,	,	PUNCT
cblr-14251	116	5	there	there	PRON
cblr-14251	116	6	is	be	VERB
cblr-14251	116	7	a	a	DET
cblr-14251	116	8	demand	demand	NOUN
cblr-14251	116	9	element	element	NOUN
cblr-14251	116	10	to	to	ADP
cblr-14251	116	11	the	the	DET
cblr-14251	116	12	rise	rise	NOUN
cblr-14251	116	13	of	of	ADP
cblr-14251	116	14	esg	esg	PROPN
cblr-14251	116	15	for	for	ADP
cblr-14251	116	16	which	which	PRON
cblr-14251	116	17	current	current	ADJ
cblr-14251	116	18	theories	theory	NOUN
cblr-14251	116	19	fail	fail	VERB
cblr-14251	116	20	to	to	PART
cblr-14251	116	21	account	account	VERB
cblr-14251	116	22	.	.	PUNCT
cblr-14251	117	1	professors	professor	NOUN
cblr-14251	117	2	barzuza	barzuza	PROPN
cblr-14251	117	3	,	,	PUNCT
cblr-14251	117	4	curtis	curtis	PROPN
cblr-14251	117	5	,	,	PUNCT
cblr-14251	117	6	and	and	CCONJ
cblr-14251	117	7	webber	webber	PROPN
cblr-14251	117	8	show	show	VERB
cblr-14251	117	9	that	that	SCONJ
cblr-14251	117	10	growing	grow	VERB
cblr-14251	117	11	demand	demand	NOUN
cblr-14251	117	12	for	for	ADP
cblr-14251	117	13	socially	socially	ADV
cblr-14251	117	14	responsible	responsible	ADJ
cblr-14251	117	15	corporate	corporate	ADJ
cblr-14251	117	16	behavior	behavior	NOUN
cblr-14251	117	17	has	have	AUX
cblr-14251	117	18	generated	generate	VERB
cblr-14251	117	19	strong	strong	ADJ
cblr-14251	117	20	incentives	incentive	NOUN
cblr-14251	117	21	for	for	ADP
cblr-14251	117	22	22	22	NUM
cblr-14251	117	23	see	see	NOUN
cblr-14251	117	24	jill	jill	PROPN
cblr-14251	117	25	fisch	fisch	PROPN
cblr-14251	117	26	&	&	CCONJ
cblr-14251	117	27	robert	robert	PROPN
cblr-14251	117	28	eccles	eccles	PROPN
cblr-14251	117	29	,	,	PUNCT
cblr-14251	117	30	the	the	DET
cblr-14251	117	31	politics	politic	NOUN
cblr-14251	117	32	of	of	ADP
cblr-14251	117	33	values	value	NOUN
cblr-14251	117	34	-	-	PUNCT
cblr-14251	117	35	based	base	VERB
cblr-14251	117	36	investing	investing	NOUN
cblr-14251	117	37	,	,	PUNCT
cblr-14251	117	38	harv	harv	PROPN
cblr-14251	117	39	.	.	PUNCT
cblr-14251	118	1	l.	l.	PROPN
cblr-14251	118	2	sch	sch	PROPN
cblr-14251	118	3	.	.	PUNCT
cblr-14251	119	1	f.	f.	PROPN
cblr-14251	119	2	on	on	ADP
cblr-14251	119	3	corp	corp	PROPN
cblr-14251	119	4	.	.	PROPN
cblr-14251	119	5	governance	governance	PROPN
cblr-14251	119	6	(	(	PUNCT
cblr-14251	119	7	sep	sep	PROPN
cblr-14251	119	8	.	.	PROPN
cblr-14251	119	9	7	7	NUM
cblr-14251	119	10	,	,	PUNCT
cblr-14251	119	11	2022	2022	NUM
cblr-14251	119	12	)	)	PUNCT
cblr-14251	119	13	https://corpgov.law.harvard.edu/2022/09/07/the-politics-of-values-based-investing/	https://corpgov.law.harvard.edu/2022/09/07/the-politics-of-values-based-investing/	VERB
cblr-14251	120	1	[	[	X
cblr-14251	120	2	https://perma.cc/2r7m-j4ad	https://perma.cc/2r7m-j4ad	ADP
cblr-14251	120	3	]	]	PUNCT
cblr-14251	120	4	.	.	PUNCT
cblr-14251	121	1	23	23	NUM
cblr-14251	121	2	one	one	NUM
cblr-14251	121	3	noteworthy	noteworthy	ADJ
cblr-14251	121	4	example	example	NOUN
cblr-14251	121	5	involved	involve	VERB
cblr-14251	121	6	a	a	DET
cblr-14251	121	7	small	small	ADJ
cblr-14251	121	8	hedge	hedge	NOUN
cblr-14251	121	9	fund	fund	NOUN
cblr-14251	121	10	called	call	VERB
cblr-14251	121	11	engine	engine	NOUN
cblr-14251	121	12	no	no	NOUN
cblr-14251	121	13	.	.	NOUN
cblr-14251	121	14	1	1	NUM
cblr-14251	121	15	successfully	successfully	ADV
cblr-14251	121	16	installing	instal	VERB
cblr-14251	121	17	three	three	NUM
cblr-14251	121	18	directors	director	NOUN
cblr-14251	121	19	on	on	ADP
cblr-14251	121	20	exxon	exxon	PROPN
cblr-14251	121	21	’s	’s	PART
cblr-14251	121	22	board	board	NOUN
cblr-14251	121	23	in	in	ADP
cblr-14251	121	24	a	a	DET
cblr-14251	121	25	push	push	NOUN
cblr-14251	121	26	for	for	SCONJ
cblr-14251	121	27	exxon	exxon	PROPN
cblr-14251	121	28	to	to	PART
cblr-14251	121	29	reduce	reduce	VERB
cblr-14251	121	30	its	its	PRON
cblr-14251	121	31	carbon	carbon	NOUN
cblr-14251	121	32	footprint	footprint	NOUN
cblr-14251	121	33	after	after	ADP
cblr-14251	121	34	blackrock	blackrock	NOUN
cblr-14251	121	35	,	,	PUNCT
cblr-14251	121	36	vanguard	vanguard	PROPN
cblr-14251	121	37	and	and	CCONJ
cblr-14251	121	38	state	state	PROPN
cblr-14251	121	39	street	street	NOUN
cblr-14251	121	40	supported	support	VERB
cblr-14251	121	41	engine	engine	NOUN
cblr-14251	121	42	no	no	NOUN
cblr-14251	121	43	.	.	NOUN
cblr-14251	122	1	1	1	X
cblr-14251	122	2	.	.	X
cblr-14251	122	3	see	see	PROPN
cblr-14251	122	4	matt	matt	PROPN
cblr-14251	122	5	phillips	phillips	PROPN
cblr-14251	122	6	,	,	PUNCT
cblr-14251	122	7	exxon	exxon	PROPN
cblr-14251	122	8	’s	’s	PART
cblr-14251	122	9	board	board	PROPN
cblr-14251	122	10	defeat	defeat	NOUN
cblr-14251	122	11	signals	signal	VERB
cblr-14251	122	12	the	the	DET
cblr-14251	122	13	rise	rise	NOUN
cblr-14251	122	14	of	of	ADP
cblr-14251	122	15	social	social	ADJ
cblr-14251	122	16	-	-	PUNCT
cblr-14251	122	17	good	good	ADJ
cblr-14251	122	18	activists	activist	NOUN
cblr-14251	122	19	,	,	PUNCT
cblr-14251	122	20	n.y	n.y	PROPN
cblr-14251	122	21	.	.	PROPN
cblr-14251	122	22	times	times	PROPN
cblr-14251	122	23	(	(	PUNCT
cblr-14251	122	24	june	june	PROPN
cblr-14251	122	25	9	9	NUM
cblr-14251	122	26	,	,	PUNCT
cblr-14251	122	27	2021	2021	NUM
cblr-14251	122	28	)	)	PUNCT
cblr-14251	122	29	,	,	PUNCT
cblr-14251	122	30	https://www.nytimes.com/2021/06/09/business/exxonmobil-engine-no1-activist.html	https://www.nytimes.com/2021/06/09/business/exxonmobil-engine-no1-activist.html	PROPN
cblr-14251	122	31	.	.	PUNCT
cblr-14251	123	1	24	24	NUM
cblr-14251	123	2	see	see	NOUN
cblr-14251	123	3	infra	infra	NOUN
cblr-14251	123	4	section	section	NOUN
cblr-14251	123	5	ii.a	ii.a	PROPN
cblr-14251	123	6	.	.	PUNCT
cblr-14251	124	1	see	see	VERB
cblr-14251	124	2	also	also	ADV
cblr-14251	124	3	,	,	PUNCT
cblr-14251	124	4	e.g.	e.g.	ADV
cblr-14251	124	5	,	,	PUNCT
cblr-14251	124	6	kevin	kevin	PROPN
cblr-14251	124	7	s.	s.	PROPN
cblr-14251	124	8	haeberle	haeberle	PROPN
cblr-14251	124	9	,	,	PUNCT
cblr-14251	124	10	fraud	fraud	NOUN
cblr-14251	124	11	-	-	PUNCT
cblr-14251	124	12	on	on	ADP
cblr-14251	124	13	-	-	PUNCT
cblr-14251	124	14	the	the	DET
cblr-14251	124	15	-	-	PUNCT
cblr-14251	124	16	market	market	NOUN
cblr-14251	124	17	liability	liability	NOUN
cblr-14251	124	18	in	in	ADP
cblr-14251	124	19	the	the	DET
cblr-14251	124	20	esg	esg	PROPN
cblr-14251	124	21	era	era	NOUN
cblr-14251	124	22	,	,	PUNCT
cblr-14251	124	23	98	98	NUM
cblr-14251	124	24	tul	tul	NOUN
cblr-14251	124	25	.	.	PUNCT
cblr-14251	124	26	l.	l.	PROPN
cblr-14251	124	27	rev	rev	PROPN
cblr-14251	124	28	.	.	PROPN
cblr-14251	124	29	641	641	NUM
cblr-14251	124	30	,	,	PUNCT
cblr-14251	124	31	651	651	NUM
cblr-14251	124	32	(	(	PUNCT
cblr-14251	124	33	2024	2024	NUM
cblr-14251	124	34	)	)	PUNCT
cblr-14251	124	35	(	(	PUNCT
cblr-14251	124	36	arguing	argue	VERB
cblr-14251	124	37	that	that	SCONJ
cblr-14251	124	38	“	"	PUNCT
cblr-14251	124	39	esg	esg	NOUN
cblr-14251	124	40	disclosure	disclosure	NOUN
cblr-14251	124	41	represents	represent	VERB
cblr-14251	124	42	a	a	DET
cblr-14251	124	43	significant	significant	ADJ
cblr-14251	124	44	new	new	ADJ
cblr-14251	124	45	type	type	NOUN
cblr-14251	124	46	of	of	ADP
cblr-14251	124	47	public	public	ADJ
cblr-14251	124	48	-	-	PUNCT
cblr-14251	124	49	company	company	NOUN
cblr-14251	124	50	disclosure	disclosure	NOUN
cblr-14251	124	51	”	"	PUNCT
cblr-14251	124	52	and	and	CCONJ
cblr-14251	124	53	explaining	explain	VERB
cblr-14251	124	54	that	that	SCONJ
cblr-14251	124	55	“	"	PUNCT
cblr-14251	124	56	[	[	X
cblr-14251	124	57	i]n	i]n	VERB
cblr-14251	124	58	the	the	DET
cblr-14251	124	59	esg	esg	PROPN
cblr-14251	124	60	area	area	NOUN
cblr-14251	124	61	we	we	PRON
cblr-14251	124	62	thus	thus	ADV
cblr-14251	124	63	find	find	VERB
cblr-14251	124	64	a	a	DET
cblr-14251	124	65	notable	notable	ADJ
cblr-14251	124	66	movement	movement	NOUN
cblr-14251	124	67	motivated	motivate	VERB
cblr-14251	124	68	by	by	ADP
cblr-14251	124	69	broad	broad	ADJ
cblr-14251	124	70	social	social	ADJ
cblr-14251	124	71	concerns	concern	NOUN
cblr-14251	124	72	intersecting	intersect	VERB
cblr-14251	124	73	with	with	ADP
cblr-14251	124	74	what	what	PRON
cblr-14251	124	75	has	have	AUX
cblr-14251	124	76	been	be	AUX
cblr-14251	124	77	to	to	ADP
cblr-14251	124	78	date	date	NOUN
cblr-14251	124	79	a	a	DET
cblr-14251	124	80	very	very	ADV
cblr-14251	124	81	cash	cash	NOUN
cblr-14251	124	82	-	-	PUNCT
cblr-14251	124	83	flow	flow	NOUN
cblr-14251	124	84	-	-	PUNCT
cblr-14251	124	85	oriented	orient	VERB
cblr-14251	124	86	,	,	PUNCT
cblr-14251	124	87	specialized	specialized	ADJ
cblr-14251	124	88	area	area	NOUN
cblr-14251	124	89	of	of	ADP
cblr-14251	124	90	law	law	NOUN
cblr-14251	124	91	”	"	PUNCT
cblr-14251	124	92	)	)	PUNCT
cblr-14251	124	93	.	.	PUNCT
cblr-14251	125	1	25	25	NUM
cblr-14251	125	2	see	see	VERB
cblr-14251	125	3	michal	michal	PROPN
cblr-14251	125	4	barzuza	barzuza	PROPN
cblr-14251	125	5	et	et	PROPN
cblr-14251	125	6	al	al	PROPN
cblr-14251	125	7	.	.	PROPN
cblr-14251	125	8	,	,	PUNCT
cblr-14251	125	9	the	the	DET
cblr-14251	125	10	millennial	millennial	ADJ
cblr-14251	125	11	corporation	corporation	NOUN
cblr-14251	125	12	:	:	PUNCT
cblr-14251	125	13	strong	strong	ADJ
cblr-14251	125	14	stakeholders	stakeholder	NOUN
cblr-14251	125	15	,	,	PUNCT
cblr-14251	125	16	weak	weak	ADJ
cblr-14251	125	17	managers	manager	NOUN
cblr-14251	125	18	,	,	PUNCT
cblr-14251	125	19	28	28	NUM
cblr-14251	125	20	stan	stan	PROPN
cblr-14251	125	21	.	.	PUNCT
cblr-14251	126	1	j.l	j.l	PROPN
cblr-14251	126	2	.	.	PROPN
cblr-14251	126	3	bus	bus	PROPN
cblr-14251	126	4	.	.	PUNCT
cblr-14251	126	5	&	&	CCONJ
cblr-14251	126	6	fin	fin	PROPN
cblr-14251	126	7	.	.	PUNCT
cblr-14251	127	1	257	257	NUM
cblr-14251	127	2	,	,	PUNCT
cblr-14251	127	3	268–69	268–69	X
cblr-14251	127	4	(	(	PUNCT
cblr-14251	127	5	2023	2023	NUM
cblr-14251	127	6	)	)	PUNCT
cblr-14251	127	7	(	(	PUNCT
cblr-14251	127	8	surveying	survey	VERB
cblr-14251	127	9	various	various	ADJ
cblr-14251	127	10	theories	theory	NOUN
cblr-14251	127	11	that	that	PRON
cblr-14251	127	12	seek	seek	VERB
cblr-14251	127	13	to	to	PART
cblr-14251	127	14	explain	explain	VERB
cblr-14251	127	15	the	the	DET
cblr-14251	127	16	rise	rise	NOUN
cblr-14251	127	17	of	of	ADP
cblr-14251	127	18	esg	esg	PROPN
cblr-14251	127	19	)	)	PUNCT
cblr-14251	127	20	.	.	PUNCT
cblr-14251	128	1	26	26	NUM
cblr-14251	129	1	i	i	PRON
cblr-14251	129	2	d.	d.	PROPN
cblr-14251	129	3	at	at	ADP
cblr-14251	129	4	270	270	NUM
cblr-14251	129	5	.	.	PUNCT
cblr-14251	130	1	no	no	INTJ
cblr-14251	130	2	.	.	NOUN
cblr-14251	130	3	1	1	NUM
cblr-14251	130	4	]	]	PUNCT
cblr-14251	130	5	securities	security	NOUN
cblr-14251	130	6	fraud	fraud	NOUN
cblr-14251	130	7	and	and	CCONJ
cblr-14251	130	8	the	the	DET
cblr-14251	130	9	market	market	NOUN
cblr-14251	130	10	for	for	ADP
cblr-14251	130	11	individual	individual	ADJ
cblr-14251	130	12	stocks	stock	NOUN
cblr-14251	130	13	235	235	NUM
cblr-14251	130	14	managers	manager	NOUN
cblr-14251	130	15	to	to	PART
cblr-14251	130	16	prioritize	prioritize	VERB
cblr-14251	130	17	esg	esg	PROPN
cblr-14251	130	18	goals.27	goals.27	PROPN
cblr-14251	130	19	it	it	PRON
cblr-14251	130	20	can	can	AUX
cblr-14251	130	21	also	also	ADV
cblr-14251	130	22	shape	shape	VERB
cblr-14251	130	23	the	the	DET
cblr-14251	130	24	behavior	behavior	NOUN
cblr-14251	130	25	of	of	ADP
cblr-14251	130	26	index	index	NOUN
cblr-14251	130	27	funds	fund	NOUN
cblr-14251	130	28	,	,	PUNCT
cblr-14251	130	29	who	who	PRON
cblr-14251	130	30	should	should	AUX
cblr-14251	130	31	be	be	AUX
cblr-14251	130	32	indifferent	indifferent	ADJ
cblr-14251	130	33	to	to	ADP
cblr-14251	130	34	the	the	DET
cblr-14251	130	35	performance	performance	NOUN
cblr-14251	130	36	of	of	ADP
cblr-14251	130	37	individual	individual	ADJ
cblr-14251	130	38	firms	firm	NOUN
cblr-14251	130	39	yet	yet	ADV
cblr-14251	130	40	aggressively	aggressively	ADV
cblr-14251	130	41	vote	vote	VERB
cblr-14251	130	42	against	against	ADP
cblr-14251	130	43	boards	board	NOUN
cblr-14251	130	44	with	with	ADP
cblr-14251	130	45	poor	poor	ADJ
cblr-14251	130	46	esg	esg	NOUN
cblr-14251	130	47	records.28	records.28	NOUN
cblr-14251	130	48	this	this	DET
cblr-14251	130	49	demand	demand	NOUN
cblr-14251	130	50	element	element	NOUN
cblr-14251	130	51	can	can	AUX
cblr-14251	130	52	also	also	ADV
cblr-14251	130	53	shape	shape	VERB
cblr-14251	130	54	investors	investor	NOUN
cblr-14251	130	55	’	'	PUNCT
cblr-14251	130	56	desired	desire	VERB
cblr-14251	130	57	stock	stock	NOUN
cblr-14251	130	58	portfolios	portfolio	NOUN
cblr-14251	130	59	,	,	PUNCT
cblr-14251	130	60	and	and	CCONJ
cblr-14251	130	61	it	it	PRON
cblr-14251	130	62	does	do	AUX
cblr-14251	130	63	not	not	PART
cblr-14251	130	64	necessarily	necessarily	ADV
cblr-14251	130	65	reflect	reflect	VERB
cblr-14251	130	66	the	the	DET
cblr-14251	130	67	desire	desire	NOUN
cblr-14251	130	68	to	to	PART
cblr-14251	130	69	achieve	achieve	VERB
cblr-14251	130	70	a	a	DET
cblr-14251	130	71	particular	particular	ADJ
cblr-14251	130	72	risk	risk	NOUN
cblr-14251	130	73	and	and	CCONJ
cblr-14251	130	74	return	return	VERB
cblr-14251	130	75	profile	profile	NOUN
cblr-14251	130	76	.	.	PUNCT
cblr-14251	131	1	it	it	PRON
cblr-14251	131	2	turns	turn	VERB
cblr-14251	131	3	out	out	ADP
cblr-14251	131	4	that	that	SCONJ
cblr-14251	131	5	investors	investor	NOUN
cblr-14251	131	6	can	can	AUX
cblr-14251	131	7	have	have	VERB
cblr-14251	131	8	significant	significant	ADJ
cblr-14251	131	9	prosocial	prosocial	ADJ
cblr-14251	131	10	goals	goal	NOUN
cblr-14251	131	11	,	,	PUNCT
cblr-14251	131	12	and	and	CCONJ
cblr-14251	131	13	evidence	evidence	NOUN
cblr-14251	131	14	accordingly	accordingly	ADV
cblr-14251	131	15	reflects	reflect	VERB
cblr-14251	131	16	the	the	DET
cblr-14251	131	17	non	non	ADJ
cblr-14251	131	18	-	-	ADJ
cblr-14251	131	19	insignificant	insignificant	ADJ
cblr-14251	131	20	role	role	NOUN
cblr-14251	131	21	played	play	VERB
cblr-14251	131	22	by	by	ADP
cblr-14251	131	23	rising	rise	VERB
cblr-14251	131	24	investor	investor	NOUN
cblr-14251	131	25	demand	demand	NOUN
cblr-14251	131	26	for	for	ADP
cblr-14251	131	27	esg	esg	PROPN
cblr-14251	131	28	in	in	ADP
cblr-14251	131	29	its	its	PRON
cblr-14251	131	30	anomalous	anomalous	ADJ
cblr-14251	131	31	historical	historical	ADJ
cblr-14251	131	32	outperformance	outperformance	NOUN
cblr-14251	131	33	of	of	ADP
cblr-14251	131	34	the	the	DET
cblr-14251	131	35	broader	broad	ADJ
cblr-14251	131	36	stock	stock	NOUN
cblr-14251	131	37	market	market	NOUN
cblr-14251	131	38	.	.	PUNCT
cblr-14251	132	1	b.	b.	PROPN
cblr-14251	132	2	political	political	ADJ
cblr-14251	132	3	values	value	NOUN
cblr-14251	132	4	while	while	SCONJ
cblr-14251	132	5	corporations	corporation	NOUN
cblr-14251	132	6	have	have	AUX
cblr-14251	132	7	long	long	ADV
cblr-14251	132	8	been	be	AUX
cblr-14251	132	9	involved	involve	VERB
cblr-14251	132	10	in	in	ADP
cblr-14251	132	11	politics,29	politics,29	NOUN
cblr-14251	132	12	in	in	ADP
cblr-14251	132	13	recent	recent	ADJ
cblr-14251	132	14	years	year	NOUN
cblr-14251	132	15	,	,	PUNCT
cblr-14251	132	16	the	the	DET
cblr-14251	132	17	line	line	NOUN
cblr-14251	132	18	between	between	ADP
cblr-14251	132	19	business	business	NOUN
cblr-14251	132	20	and	and	CCONJ
cblr-14251	132	21	politics	politic	NOUN
cblr-14251	132	22	has	have	AUX
cblr-14251	132	23	blurred	blur	VERB
cblr-14251	132	24	significantly	significantly	ADV
cblr-14251	132	25	.	.	PUNCT
cblr-14251	133	1	for	for	ADP
cblr-14251	133	2	example	example	NOUN
cblr-14251	133	3	,	,	PUNCT
cblr-14251	133	4	firms	firm	NOUN
cblr-14251	133	5	withdrew	withdraw	VERB
cblr-14251	133	6	from	from	ADP
cblr-14251	133	7	russia	russia	PROPN
cblr-14251	133	8	following	follow	VERB
cblr-14251	133	9	its	its	PRON
cblr-14251	133	10	2022	2022	NUM
cblr-14251	133	11	invasion	invasion	NOUN
cblr-14251	133	12	of	of	ADP
cblr-14251	133	13	ukraine.30	ukraine.30	NOUN
cblr-14251	133	14	in	in	ADP
cblr-14251	133	15	response	response	NOUN
cblr-14251	133	16	to	to	ADP
cblr-14251	133	17	the	the	DET
cblr-14251	133	18	2020	2020	NUM
cblr-14251	133	19	murder	murder	NOUN
cblr-14251	133	20	of	of	ADP
cblr-14251	133	21	george	george	PROPN
cblr-14251	133	22	floyd	floyd	PROPN
cblr-14251	133	23	,	,	PUNCT
cblr-14251	133	24	firms	firm	NOUN
cblr-14251	133	25	dramatically	dramatically	ADV
cblr-14251	133	26	increased	increase	VERB
cblr-14251	133	27	the	the	DET
cblr-14251	133	28	number	number	NOUN
cblr-14251	133	29	of	of	ADP
cblr-14251	133	30	directors	director	NOUN
cblr-14251	133	31	from	from	ADP
cblr-14251	133	32	underrepresented	underrepresented	ADJ
cblr-14251	133	33	groups.31	groups.31	PROPN
cblr-14251	133	34	in	in	ADP
cblr-14251	133	35	2023	2023	NUM
cblr-14251	133	36	,	,	PUNCT
cblr-14251	133	37	the	the	DET
cblr-14251	133	38	state	state	NOUN
cblr-14251	133	39	government	government	NOUN
cblr-14251	133	40	of	of	ADP
cblr-14251	133	41	florida	florida	PROPN
cblr-14251	133	42	retaliated	retaliate	VERB
cblr-14251	133	43	against	against	ADP
cblr-14251	133	44	disney	disney	PROPN
cblr-14251	133	45	after	after	SCONJ
cblr-14251	133	46	disney	disney	PROPN
cblr-14251	133	47	denounced	denounce	VERB
cblr-14251	133	48	florida	florida	PROPN
cblr-14251	133	49	’s	’s	PART
cblr-14251	133	50	anti	anti	PROPN
cblr-14251	133	51	27	27	NUM
cblr-14251	133	52	i	i	PROPN
cblr-14251	133	53	d.	d.	PROPN
cblr-14251	133	54	at	at	ADP
cblr-14251	133	55	255	255	NUM
cblr-14251	133	56	(	(	PUNCT
cblr-14251	133	57	identifying	identify	VERB
cblr-14251	133	58	five	five	NUM
cblr-14251	133	59	channels	channel	NOUN
cblr-14251	133	60	of	of	ADP
cblr-14251	133	61	social	social	ADJ
cblr-14251	133	62	demand	demand	NOUN
cblr-14251	133	63	:	:	PUNCT
cblr-14251	133	64	markets	market	NOUN
cblr-14251	133	65	(	(	PUNCT
cblr-14251	133	66	investors	investor	NOUN
cblr-14251	133	67	,	,	PUNCT
cblr-14251	133	68	consumers	consumer	NOUN
cblr-14251	133	69	,	,	PUNCT
cblr-14251	133	70	employees	employee	NOUN
cblr-14251	133	71	)	)	PUNCT
cblr-14251	133	72	;	;	PUNCT
cblr-14251	133	73	risk	risk	NOUN
cblr-14251	133	74	averse	averse	ADJ
cblr-14251	133	75	ceos	ceo	NOUN
cblr-14251	133	76	seeking	seek	VERB
cblr-14251	133	77	to	to	PART
cblr-14251	133	78	reduce	reduce	VERB
cblr-14251	133	79	personal	personal	ADJ
cblr-14251	133	80	risk	risk	NOUN
cblr-14251	133	81	from	from	ADP
cblr-14251	133	82	events	event	NOUN
cblr-14251	133	83	such	such	ADJ
cblr-14251	133	84	as	as	ADP
cblr-14251	133	85	boycotts	boycott	NOUN
cblr-14251	133	86	;	;	PUNCT
cblr-14251	133	87	index	index	NOUN
cblr-14251	133	88	fund	fund	NOUN
cblr-14251	133	89	managers	manager	NOUN
cblr-14251	133	90	seeking	seek	VERB
cblr-14251	133	91	to	to	PART
cblr-14251	133	92	attract	attract	VERB
cblr-14251	133	93	esg	esg	NOUN
cblr-14251	133	94	-	-	PUNCT
cblr-14251	133	95	focused	focus	VERB
cblr-14251	133	96	investors	investor	NOUN
cblr-14251	133	97	;	;	PUNCT
cblr-14251	133	98	activist	activist	ADJ
cblr-14251	133	99	hedge	hedge	NOUN
cblr-14251	133	100	funds	fund	NOUN
cblr-14251	133	101	;	;	PUNCT
cblr-14251	133	102	and	and	CCONJ
cblr-14251	133	103	regulatory	regulatory	ADJ
cblr-14251	133	104	pressures	pressure	NOUN
cblr-14251	133	105	)	)	PUNCT
cblr-14251	133	106	.	.	PUNCT
cblr-14251	134	1	28	28	NUM
cblr-14251	135	1	i	i	PRON
cblr-14251	135	2	d.	d.	PROPN
cblr-14251	135	3	at	at	ADP
cblr-14251	135	4	271	271	NUM
cblr-14251	135	5	.	.	NUM
cblr-14251	135	6	29	29	NUM
cblr-14251	135	7	jill	jill	PROPN
cblr-14251	135	8	fisch	fisch	PROPN
cblr-14251	135	9	&	&	CCONJ
cblr-14251	135	10	jeff	jeff	PROPN
cblr-14251	135	11	schwartz	schwartz	PROPN
cblr-14251	135	12	,	,	PUNCT
cblr-14251	135	13	how	how	SCONJ
cblr-14251	135	14	did	do	AUX
cblr-14251	135	15	corporations	corporation	NOUN
cblr-14251	135	16	get	get	AUX
cblr-14251	135	17	stuck	stick	VERB
cblr-14251	135	18	in	in	ADP
cblr-14251	135	19	politics	politic	NOUN
cblr-14251	135	20	and	and	CCONJ
cblr-14251	135	21	can	can	AUX
cblr-14251	135	22	they	they	PRON
cblr-14251	135	23	escape	escape	VERB
cblr-14251	135	24	?	?	PUNCT
cblr-14251	135	25	,	,	PUNCT
cblr-14251	135	26	3	3	NUM
cblr-14251	135	27	u.	u.	PROPN
cblr-14251	135	28	chi	chi	PROPN
cblr-14251	135	29	.	.	PUNCT
cblr-14251	136	1	bus	bus	NOUN
cblr-14251	136	2	.	.	PUNCT
cblr-14251	137	1	l.	l.	PROPN
cblr-14251	137	2	rev	rev	PROPN
cblr-14251	137	3	.	.	PROPN
cblr-14251	137	4	325	325	NUM
cblr-14251	137	5	,	,	PUNCT
cblr-14251	137	6	332–38	332–38	NUM
cblr-14251	137	7	(	(	PUNCT
cblr-14251	137	8	2024	2024	NUM
cblr-14251	137	9	)	)	PUNCT
cblr-14251	137	10	(	(	PUNCT
cblr-14251	137	11	describing	describe	VERB
cblr-14251	137	12	the	the	DET
cblr-14251	137	13	rise	rise	NOUN
cblr-14251	137	14	of	of	ADP
cblr-14251	137	15	political	political	ADJ
cblr-14251	137	16	posturing	posturing	NOUN
cblr-14251	137	17	by	by	ADP
cblr-14251	137	18	corporations	corporation	NOUN
cblr-14251	137	19	)	)	PUNCT
cblr-14251	137	20	.	.	PUNCT
cblr-14251	138	1	political	political	ADJ
cblr-14251	138	2	spending	spending	NOUN
cblr-14251	138	3	has	have	AUX
cblr-14251	138	4	also	also	ADV
cblr-14251	138	5	long	long	ADV
cblr-14251	138	6	been	be	AUX
cblr-14251	138	7	a	a	DET
cblr-14251	138	8	part	part	NOUN
cblr-14251	138	9	of	of	ADP
cblr-14251	138	10	corporate	corporate	ADJ
cblr-14251	138	11	behavior	behavior	NOUN
cblr-14251	138	12	.	.	PUNCT
cblr-14251	139	1	see	see	VERB
cblr-14251	139	2	,	,	PUNCT
cblr-14251	139	3	e.g.	e.g.	ADV
cblr-14251	139	4	,	,	PUNCT
cblr-14251	139	5	jill	jill	PROPN
cblr-14251	139	6	e.	e.	PROPN
cblr-14251	139	7	fisch	fisch	PROPN
cblr-14251	139	8	,	,	PUNCT
cblr-14251	139	9	frankenstein	frankenstein	PROPN
cblr-14251	139	10	’s	’s	PART
cblr-14251	139	11	monster	monster	NOUN
cblr-14251	139	12	hits	hit	VERB
cblr-14251	139	13	the	the	DET
cblr-14251	139	14	campaign	campaign	NOUN
cblr-14251	139	15	trail	trail	NOUN
cblr-14251	139	16	:	:	PUNCT
cblr-14251	139	17	an	an	DET
cblr-14251	139	18	approach	approach	NOUN
cblr-14251	139	19	to	to	ADP
cblr-14251	139	20	regulation	regulation	NOUN
cblr-14251	139	21	of	of	ADP
cblr-14251	139	22	corporate	corporate	ADJ
cblr-14251	139	23	political	political	ADJ
cblr-14251	139	24	expenditures	expenditure	NOUN
cblr-14251	139	25	,	,	PUNCT
cblr-14251	139	26	32	32	NUM
cblr-14251	139	27	wm	wm	PROPN
cblr-14251	139	28	.	.	PROPN
cblr-14251	139	29	&	&	CCONJ
cblr-14251	139	30	mary	mary	PROPN
cblr-14251	139	31	l.	l.	PROPN
cblr-14251	139	32	rev	rev	PROPN
cblr-14251	139	33	.	.	PROPN
cblr-14251	139	34	587	587	NUM
cblr-14251	139	35	(	(	PUNCT
cblr-14251	139	36	1991	1991	NUM
cblr-14251	139	37	)	)	PUNCT
cblr-14251	139	38	;	;	PUNCT
cblr-14251	139	39	dorothy	dorothy	PROPN
cblr-14251	139	40	s.	s.	PROPN
cblr-14251	139	41	lund	lund	PROPN
cblr-14251	139	42	&	&	CCONJ
cblr-14251	139	43	leo	leo	PROPN
cblr-14251	139	44	e.	e.	PROPN
cblr-14251	139	45	strine	strine	PROPN
cblr-14251	139	46	,	,	PUNCT
cblr-14251	139	47	jr	jr	PROPN
cblr-14251	139	48	.	.	PROPN
cblr-14251	139	49	,	,	PUNCT
cblr-14251	139	50	corporate	corporate	ADJ
cblr-14251	139	51	political	political	ADJ
cblr-14251	139	52	spending	spending	NOUN
cblr-14251	139	53	is	be	AUX
cblr-14251	139	54	bad	bad	ADJ
cblr-14251	139	55	business	business	NOUN
cblr-14251	139	56	,	,	PUNCT
cblr-14251	139	57	harv	harv	PROPN
cblr-14251	139	58	.	.	PUNCT
cblr-14251	140	1	bus	bus	NOUN
cblr-14251	140	2	.	.	PUNCT
cblr-14251	141	1	rev	rev	PROPN
cblr-14251	141	2	.	.	PROPN
cblr-14251	142	1	(	(	PUNCT
cblr-14251	142	2	2022	2022	NUM
cblr-14251	142	3	)	)	PUNCT
cblr-14251	142	4	.	.	PUNCT
cblr-14251	143	1	30	30	NUM
cblr-14251	143	2	see	see	VERB
cblr-14251	143	3	peter	peter	PROPN
cblr-14251	143	4	stiff	stiff	PROPN
cblr-14251	143	5	,	,	PUNCT
cblr-14251	143	6	from	from	ADP
cblr-14251	143	7	apple	apple	NOUN
cblr-14251	143	8	to	to	ADP
cblr-14251	143	9	mcdonald	mcdonald	PROPN
cblr-14251	143	10	’s	’s	PROPN
cblr-14251	143	11	,	,	PUNCT
cblr-14251	143	12	what	what	PRON
cblr-14251	143	13	companies	company	NOUN
cblr-14251	143	14	have	have	AUX
cblr-14251	143	15	pulled	pull	VERB
cblr-14251	143	16	back	back	ADV
cblr-14251	143	17	from	from	ADP
cblr-14251	143	18	russia	russia	PROPN
cblr-14251	143	19	?	?	PUNCT
cblr-14251	143	20	,	,	PUNCT
cblr-14251	143	21	wall	wall	PROPN
cblr-14251	143	22	st	st	PROPN
cblr-14251	143	23	.	.	PROPN
cblr-14251	143	24	j.	j.	PROPN
cblr-14251	143	25	(	(	PUNCT
cblr-14251	143	26	mar	mar	PROPN
cblr-14251	143	27	.	.	PROPN
cblr-14251	143	28	4	4	NUM
cblr-14251	143	29	,	,	PUNCT
cblr-14251	143	30	2022	2022	NUM
cblr-14251	143	31	)	)	PUNCT
cblr-14251	143	32	,	,	PUNCT
cblr-14251	143	33	https://www.wsj.com/articles/whatcompanies-have-pulled-back-fromrussia-11646425481	https://www.wsj.com/articles/whatcompanies-have-pulled-back-fromrussia-11646425481	X
cblr-14251	143	34	.	.	PUNCT
cblr-14251	143	35	31	31	NUM
cblr-14251	143	36	see	see	VERB
cblr-14251	143	37	barzuza	barzuza	PROPN
cblr-14251	143	38	et	et	PROPN
cblr-14251	143	39	al	al	PROPN
cblr-14251	143	40	.	.	PROPN
cblr-14251	143	41	,	,	PUNCT
cblr-14251	143	42	supra	supra	PROPN
cblr-14251	143	43	note	note	PROPN
cblr-14251	143	44	25	25	NUM
cblr-14251	143	45	,	,	PUNCT
cblr-14251	143	46	at	at	ADP
cblr-14251	143	47	258	258	NUM
cblr-14251	143	48	.	.	PUNCT
cblr-14251	143	49	236	236	NUM
cblr-14251	143	50	columbia	columbia	PROPN
cblr-14251	143	51	business	business	NOUN
cblr-14251	143	52	law	law	PROPN
cblr-14251	143	53	review	review	NOUN
cblr-14251	144	1	[	[	X
cblr-14251	144	2	vol	vol	NOUN
cblr-14251	144	3	.	.	PUNCT
cblr-14251	144	4	2025	2025	NUM
cblr-14251	144	5	lgbtq+	lgbtq+	VERB
cblr-14251	144	6	laws.32	laws.32	PROPN
cblr-14251	144	7	and	and	CCONJ
cblr-14251	144	8	the	the	DET
cblr-14251	144	9	overturning	overturning	NOUN
cblr-14251	144	10	of	of	ADP
cblr-14251	144	11	roe	roe	PROPN
cblr-14251	144	12	v.	v.	PROPN
cblr-14251	144	13	wade	wade	PROPN
cblr-14251	144	14	spurred	spur	VERB
cblr-14251	144	15	many	many	ADJ
cblr-14251	144	16	businesses	business	NOUN
cblr-14251	144	17	to	to	PART
cblr-14251	144	18	offer	offer	VERB
cblr-14251	144	19	employees	employee	NOUN
cblr-14251	144	20	financial	financial	ADJ
cblr-14251	144	21	support	support	NOUN
cblr-14251	144	22	for	for	ADP
cblr-14251	144	23	reproductive	reproductive	ADJ
cblr-14251	144	24	care	care	NOUN
cblr-14251	144	25	access.33	access.33	PROPN
cblr-14251	144	26	terming	term	VERB
cblr-14251	144	27	this	this	PRON
cblr-14251	144	28	the	the	DET
cblr-14251	144	29	“	"	PUNCT
cblr-14251	144	30	new	new	ADJ
cblr-14251	144	31	corporate	corporate	ADJ
cblr-14251	144	32	social	social	ADJ
cblr-14251	144	33	and	and	CCONJ
cblr-14251	144	34	political	political	ADJ
cblr-14251	144	35	activism	activism	NOUN
cblr-14251	144	36	,	,	PUNCT
cblr-14251	144	37	”	"	PUNCT
cblr-14251	144	38	professor	professor	NOUN
cblr-14251	144	39	tom	tom	PROPN
cblr-14251	144	40	lin	lin	PROPN
cblr-14251	144	41	explains	explain	VERB
cblr-14251	144	42	that	that	SCONJ
cblr-14251	144	43	consumers	consumer	NOUN
cblr-14251	144	44	,	,	PUNCT
cblr-14251	144	45	employees	employee	NOUN
cblr-14251	144	46	,	,	PUNCT
cblr-14251	144	47	and	and	CCONJ
cblr-14251	144	48	various	various	ADJ
cblr-14251	144	49	stakeholders	stakeholder	NOUN
cblr-14251	144	50	“	"	PUNCT
cblr-14251	144	51	now	now	ADV
cblr-14251	144	52	expect	expect	VERB
cblr-14251	144	53	and	and	CCONJ
cblr-14251	144	54	demand	demand	VERB
cblr-14251	144	55	that	that	SCONJ
cblr-14251	144	56	businesses	business	NOUN
cblr-14251	144	57	express	express	VERB
cblr-14251	144	58	their	their	PRON
cblr-14251	144	59	social	social	ADJ
cblr-14251	144	60	values	value	NOUN
cblr-14251	144	61	as	as	SCONJ
cblr-14251	144	62	they	they	PRON
cblr-14251	144	63	relate	relate	VERB
cblr-14251	144	64	to	to	ADP
cblr-14251	144	65	critical	critical	ADJ
cblr-14251	144	66	issues	issue	NOUN
cblr-14251	144	67	of	of	ADP
cblr-14251	144	68	the	the	DET
cblr-14251	144	69	times	time	NOUN
cblr-14251	144	70	.	.	PUNCT
cblr-14251	145	1	”34	”34	PROPN
cblr-14251	145	2	professors	professor	NOUN
cblr-14251	145	3	jill	jill	PROPN
cblr-14251	145	4	fisch	fisch	PROPN
cblr-14251	145	5	and	and	CCONJ
cblr-14251	145	6	jeff	jeff	PROPN
cblr-14251	145	7	schwartz	schwartz	PROPN
cblr-14251	145	8	term	term	NOUN
cblr-14251	145	9	this	this	DET
cblr-14251	145	10	“	"	PUNCT
cblr-14251	145	11	corporate	corporate	ADJ
cblr-14251	145	12	political	political	ADJ
cblr-14251	145	13	posturing	posturing	NOUN
cblr-14251	145	14	”	"	PUNCT
cblr-14251	145	15	and	and	CCONJ
cblr-14251	145	16	argue	argue	VERB
cblr-14251	145	17	that	that	SCONJ
cblr-14251	145	18	corporations	corporation	NOUN
cblr-14251	145	19	are	be	AUX
cblr-14251	145	20	responding	respond	VERB
cblr-14251	145	21	to	to	ADP
cblr-14251	145	22	competitive	competitive	ADJ
cblr-14251	145	23	pressure	pressure	NOUN
cblr-14251	145	24	and	and	CCONJ
cblr-14251	145	25	demand	demand	NOUN
cblr-14251	145	26	from	from	ADP
cblr-14251	145	27	customers	customer	NOUN
cblr-14251	145	28	,	,	PUNCT
cblr-14251	145	29	employees	employee	NOUN
cblr-14251	145	30	,	,	PUNCT
cblr-14251	145	31	and	and	CCONJ
cblr-14251	145	32	investors.35	investors.35	NOUN
cblr-14251	145	33	esg	esg	PROPN
cblr-14251	145	34	itself	itself	PRON
cblr-14251	145	35	has	have	AUX
cblr-14251	145	36	been	be	AUX
cblr-14251	145	37	politicized.36	politicized.36	NOUN
cblr-14251	145	38	and	and	CCONJ
cblr-14251	145	39	similarly	similarly	ADV
cblr-14251	145	40	to	to	ADP
cblr-14251	145	41	esg	esg	PROPN
cblr-14251	145	42	,	,	PUNCT
cblr-14251	145	43	a	a	DET
cblr-14251	145	44	firm	firm	NOUN
cblr-14251	145	45	’s	’s	PART
cblr-14251	145	46	political	political	ADJ
cblr-14251	145	47	actions	action	NOUN
cblr-14251	145	48	do	do	AUX
cblr-14251	145	49	not	not	PART
cblr-14251	145	50	obviously	obviously	ADV
cblr-14251	145	51	convey	convey	VERB
cblr-14251	145	52	financial	financial	ADJ
cblr-14251	145	53	information	information	NOUN
cblr-14251	145	54	related	relate	VERB
cblr-14251	145	55	to	to	ADP
cblr-14251	145	56	the	the	DET
cblr-14251	145	57	firm	firm	NOUN
cblr-14251	145	58	’s	’s	PART
cblr-14251	145	59	fundamental	fundamental	ADJ
cblr-14251	145	60	value	value	NOUN
cblr-14251	145	61	.	.	PUNCT
cblr-14251	146	1	yet	yet	ADV
cblr-14251	146	2	investors	investor	NOUN
cblr-14251	146	3	can	can	AUX
cblr-14251	146	4	also	also	ADV
cblr-14251	146	5	seek	seek	VERB
cblr-14251	146	6	to	to	PART
cblr-14251	146	7	align	align	VERB
cblr-14251	146	8	their	their	PRON
cblr-14251	146	9	portfolios	portfolio	NOUN
cblr-14251	146	10	along	along	ADP
cblr-14251	146	11	political	political	ADJ
cblr-14251	146	12	values	value	NOUN
cblr-14251	146	13	,	,	PUNCT
cblr-14251	146	14	and	and	CCONJ
cblr-14251	146	15	these	these	DET
cblr-14251	146	16	values	value	NOUN
cblr-14251	146	17	may	may	AUX
cblr-14251	146	18	themselves	themselves	PRON
cblr-14251	146	19	reflect	reflect	VERB
cblr-14251	146	20	esg	esg	NOUN
cblr-14251	146	21	factors	factor	NOUN
cblr-14251	146	22	.	.	PUNCT
cblr-14251	147	1	professors	professor	NOUN
cblr-14251	147	2	robert	robert	PROPN
cblr-14251	147	3	eccles	eccles	PROPN
cblr-14251	147	4	and	and	CCONJ
cblr-14251	147	5	jill	jill	PROPN
cblr-14251	147	6	fisch	fisch	PROPN
cblr-14251	147	7	have	have	AUX
cblr-14251	147	8	pointed	point	VERB
cblr-14251	147	9	out	out	ADP
cblr-14251	147	10	the	the	DET
cblr-14251	147	11	degree	degree	NOUN
cblr-14251	147	12	to	to	PART
cblr-14251	147	13	which	which	PRON
cblr-14251	147	14	both	both	CCONJ
cblr-14251	147	15	conservatives	conservative	NOUN
cblr-14251	147	16	and	and	CCONJ
cblr-14251	147	17	liberals	liberal	NOUN
cblr-14251	147	18	utilize	utilize	VERB
cblr-14251	147	19	“	"	PUNCT
cblr-14251	147	20	values	value	NOUN
cblr-14251	147	21	-	-	PUNCT
cblr-14251	147	22	based	base	VERB
cblr-14251	147	23	strategies	strategy	NOUN
cblr-14251	147	24	—	—	PUNCT
cblr-14251	147	25	that	that	PRON
cblr-14251	147	26	is	is	ADV
cblr-14251	147	27	,	,	PUNCT
cblr-14251	147	28	investing	invest	VERB
cblr-14251	147	29	according	accord	VERB
cblr-14251	147	30	to	to	ADP
cblr-14251	147	31	a	a	DET
cblr-14251	147	32	set	set	NOUN
cblr-14251	147	33	of	of	ADP
cblr-14251	147	34	principles	principle	NOUN
cblr-14251	147	35	irrespective	irrespective	ADV
cblr-14251	147	36	of	of	ADP
cblr-14251	147	37	any	any	DET
cblr-14251	147	38	link	link	NOUN
cblr-14251	147	39	between	between	ADP
cblr-14251	147	40	those	those	DET
cblr-14251	147	41	principles	principle	NOUN
cblr-14251	147	42	and	and	CCONJ
cblr-14251	147	43	economic	economic	ADJ
cblr-14251	147	44	value	value	NOUN
cblr-14251	147	45	.	.	PUNCT
cblr-14251	148	1	”37	”37	PROPN
cblr-14251	148	2	one	one	NUM
cblr-14251	148	3	example	example	NOUN
cblr-14251	148	4	is	be	AUX
cblr-14251	148	5	the	the	DET
cblr-14251	148	6	s&p	s&p	PROPN
cblr-14251	148	7	500	500	NUM
cblr-14251	148	8	catholic	catholic	ADJ
cblr-14251	148	9	values	value	NOUN
cblr-14251	148	10	etf	etf	NOUN
cblr-14251	148	11	(	(	PUNCT
cblr-14251	148	12	ticker	ticker	NOUN
cblr-14251	148	13	symbol	symbol	NOUN
cblr-14251	148	14	cath	cath	NOUN
cblr-14251	148	15	)	)	PUNCT
cblr-14251	148	16	,	,	PUNCT
cblr-14251	148	17	which	which	PRON
cblr-14251	148	18	“	"	PUNCT
cblr-14251	148	19	is	be	AUX
cblr-14251	148	20	designed	design	VERB
cblr-14251	148	21	to	to	PART
cblr-14251	148	22	provide	provide	VERB
cblr-14251	148	23	exposure	exposure	NOUN
cblr-14251	148	24	to	to	ADP
cblr-14251	148	25	u.s	u.s	PROPN
cblr-14251	148	26	.	.	PROPN
cblr-14251	148	27	32	32	NUM
cblr-14251	148	28	see	see	VERB
cblr-14251	148	29	jesus	jesus	PROPN
cblr-14251	148	30	jiménez	jiménez	PROPN
cblr-14251	148	31	&	&	CCONJ
cblr-14251	148	32	brooks	brooks	PROPN
cblr-14251	148	33	barnes	barnes	PROPN
cblr-14251	148	34	,	,	PUNCT
cblr-14251	148	35	what	what	PRON
cblr-14251	148	36	we	we	PRON
cblr-14251	148	37	know	know	VERB
cblr-14251	148	38	about	about	ADP
cblr-14251	148	39	the	the	DET
cblr-14251	148	40	desantis	desantis	PROPN
cblr-14251	148	41	-	-	PUNCT
cblr-14251	148	42	disney	disney	NOUN
cblr-14251	148	43	dispute	dispute	NOUN
cblr-14251	148	44	,	,	PUNCT
cblr-14251	148	45	n.y	n.y	PROPN
cblr-14251	148	46	.	.	PROPN
cblr-14251	148	47	times	times	PROPN
cblr-14251	148	48	(	(	PUNCT
cblr-14251	148	49	may	may	PROPN
cblr-14251	148	50	19	19	NUM
cblr-14251	148	51	,	,	PUNCT
cblr-14251	148	52	2023	2023	NUM
cblr-14251	148	53	)	)	PUNCT
cblr-14251	148	54	,	,	PUNCT
cblr-14251	148	55	https://www.nytimes.com/article/disney-floridadesantis.html	https://www.nytimes.com/article/disney-floridadesantis.html	PROPN
cblr-14251	148	56	.	.	PUNCT
cblr-14251	149	1	33	33	NUM
cblr-14251	149	2	see	see	VERB
cblr-14251	149	3	emma	emma	PROPN
cblr-14251	149	4	goldberg	goldberg	PROPN
cblr-14251	149	5	,	,	PUNCT
cblr-14251	149	6	these	these	DET
cblr-14251	149	7	companies	company	NOUN
cblr-14251	149	8	will	will	AUX
cblr-14251	149	9	cover	cover	VERB
cblr-14251	149	10	travel	travel	NOUN
cblr-14251	149	11	expenses	expense	NOUN
cblr-14251	149	12	for	for	ADP
cblr-14251	149	13	employee	employee	NOUN
cblr-14251	149	14	abortions	abortion	NOUN
cblr-14251	149	15	,	,	PUNCT
cblr-14251	149	16	n.y	n.y	PROPN
cblr-14251	149	17	.	.	PROPN
cblr-14251	149	18	times	times	PROPN
cblr-14251	149	19	(	(	PUNCT
cblr-14251	149	20	aug	aug	PROPN
cblr-14251	149	21	.	.	PROPN
cblr-14251	149	22	19	19	NUM
cblr-14251	149	23	,	,	PUNCT
cblr-14251	149	24	2022	2022	NUM
cblr-14251	149	25	)	)	PUNCT
cblr-14251	149	26	,	,	PUNCT
cblr-14251	149	27	https://www.nytimes.com/article/abortion-companies-travel-expenses.html	https://www.nytimes.com/article/abortion-companies-travel-expenses.html	PROPN
cblr-14251	149	28	;	;	PUNCT
cblr-14251	149	29	anna	anna	PROPN
cblr-14251	149	30	toniolo	toniolo	PROPN
cblr-14251	149	31	,	,	PUNCT
cblr-14251	149	32	corporate	corporate	ADJ
cblr-14251	149	33	participation	participation	NOUN
cblr-14251	149	34	in	in	ADP
cblr-14251	149	35	social	social	ADJ
cblr-14251	149	36	debates	debate	NOUN
cblr-14251	149	37	,	,	PUNCT
cblr-14251	149	38	3	3	NUM
cblr-14251	149	39	u.	u.	PROPN
cblr-14251	149	40	chi	chi	PROPN
cblr-14251	149	41	.	.	PUNCT
cblr-14251	150	1	bus	bus	NOUN
cblr-14251	150	2	.	.	PUNCT
cblr-14251	151	1	l.	l.	PROPN
cblr-14251	151	2	rev	rev	PROPN
cblr-14251	151	3	.	.	PUNCT
cblr-14251	152	1	(	(	PUNCT
cblr-14251	152	2	2024	2024	NUM
cblr-14251	152	3	)	)	PUNCT
cblr-14251	152	4	(	(	PUNCT
cblr-14251	152	5	examining	examine	VERB
cblr-14251	152	6	public	public	ADJ
cblr-14251	152	7	companies	company	NOUN
cblr-14251	152	8	’	'	PUNCT
cblr-14251	152	9	responses	response	NOUN
cblr-14251	152	10	to	to	ADP
cblr-14251	152	11	the	the	DET
cblr-14251	152	12	reversal	reversal	NOUN
cblr-14251	152	13	of	of	ADP
cblr-14251	152	14	roe	roe	PROPN
cblr-14251	152	15	v.	v.	PROPN
cblr-14251	152	16	wade	wade	PROPN
cblr-14251	152	17	and	and	CCONJ
cblr-14251	152	18	finding	find	VERB
cblr-14251	152	19	that	that	SCONJ
cblr-14251	152	20	corporations	corporation	NOUN
cblr-14251	152	21	speak	speak	VERB
cblr-14251	152	22	for	for	ADP
cblr-14251	152	23	strategic	strategic	ADJ
cblr-14251	152	24	reasons	reason	NOUN
cblr-14251	152	25	and	and	CCONJ
cblr-14251	152	26	may	may	AUX
cblr-14251	152	27	do	do	VERB
cblr-14251	152	28	so	so	ADV
cblr-14251	152	29	inconsistently	inconsistently	ADV
cblr-14251	152	30	,	,	PUNCT
cblr-14251	152	31	such	such	ADJ
cblr-14251	152	32	that	that	SCONJ
cblr-14251	152	33	“	"	PUNCT
cblr-14251	152	34	corporate	corporate	ADJ
cblr-14251	152	35	statements	statement	NOUN
cblr-14251	152	36	on	on	ADP
cblr-14251	152	37	social	social	ADJ
cblr-14251	152	38	and	and	CCONJ
cblr-14251	152	39	political	political	ADJ
cblr-14251	152	40	issues	issue	NOUN
cblr-14251	152	41	do	do	AUX
cblr-14251	152	42	not	not	PART
cblr-14251	152	43	represent	represent	VERB
cblr-14251	152	44	a	a	DET
cblr-14251	152	45	meaningful	meaningful	ADJ
cblr-14251	152	46	signal	signal	NOUN
cblr-14251	152	47	of	of	ADP
cblr-14251	152	48	companies	company	NOUN
cblr-14251	152	49	’	’	PART
cblr-14251	152	50	values	value	NOUN
cblr-14251	152	51	”	"	PUNCT
cblr-14251	152	52	)	)	PUNCT
cblr-14251	152	53	.	.	PUNCT
cblr-14251	153	1	34	34	NUM
cblr-14251	153	2	tom	tom	PROPN
cblr-14251	153	3	c.w	c.w	PROPN
cblr-14251	153	4	.	.	PROPN
cblr-14251	153	5	lin	lin	PROPN
cblr-14251	153	6	,	,	PUNCT
cblr-14251	153	7	the	the	DET
cblr-14251	153	8	new	new	ADJ
cblr-14251	153	9	corporate	corporate	ADJ
cblr-14251	153	10	political	political	ADJ
cblr-14251	153	11	governance	governance	NOUN
cblr-14251	153	12	,	,	PUNCT
cblr-14251	153	13	65	65	NUM
cblr-14251	153	14	b.c	b.c	PROPN
cblr-14251	153	15	.	.	PROPN
cblr-14251	153	16	l.	l.	PROPN
cblr-14251	153	17	rev	rev	PROPN
cblr-14251	153	18	.	.	PROPN
cblr-14251	153	19	833	833	NUM
cblr-14251	153	20	,	,	PUNCT
cblr-14251	153	21	843	843	NUM
cblr-14251	153	22	(	(	PUNCT
cblr-14251	153	23	2024	2024	NUM
cblr-14251	153	24	)	)	PUNCT
cblr-14251	153	25	.	.	PUNCT
cblr-14251	154	1	35	35	NUM
cblr-14251	154	2	fisch	fisch	PROPN
cblr-14251	154	3	&	&	CCONJ
cblr-14251	154	4	schwartz	schwartz	PROPN
cblr-14251	154	5	,	,	PUNCT
cblr-14251	154	6	supra	supra	PROPN
cblr-14251	154	7	note	note	PROPN
cblr-14251	154	8	29	29	NUM
cblr-14251	154	9	,	,	PUNCT
cblr-14251	154	10	at	at	ADP
cblr-14251	154	11	325	325	NUM
cblr-14251	154	12	(	(	PUNCT
cblr-14251	154	13	arguing	argue	VERB
cblr-14251	154	14	that	that	SCONJ
cblr-14251	154	15	“	"	PUNCT
cblr-14251	154	16	corporations	corporation	NOUN
cblr-14251	154	17	themselves	themselves	PRON
cblr-14251	154	18	are	be	AUX
cblr-14251	154	19	ambivalent	ambivalent	ADJ
cblr-14251	154	20	about	about	ADP
cblr-14251	154	21	taking	take	VERB
cblr-14251	154	22	policy	policy	NOUN
cblr-14251	154	23	positions	position	NOUN
cblr-14251	154	24	but	but	CCONJ
cblr-14251	154	25	are	be	AUX
cblr-14251	154	26	caught	catch	VERB
cblr-14251	154	27	in	in	ADP
cblr-14251	154	28	a	a	DET
cblr-14251	154	29	feedback	feedback	NOUN
cblr-14251	154	30	loop	loop	NOUN
cblr-14251	154	31	in	in	ADP
cblr-14251	154	32	which	which	PRON
cblr-14251	154	33	customers	customer	NOUN
cblr-14251	154	34	,	,	PUNCT
cblr-14251	154	35	employees	employee	NOUN
cblr-14251	154	36	,	,	PUNCT
cblr-14251	154	37	and	and	CCONJ
cblr-14251	154	38	investors	investor	NOUN
cblr-14251	154	39	demand	demand	VERB
cblr-14251	154	40	political	political	ADJ
cblr-14251	154	41	involvement	involvement	NOUN
cblr-14251	154	42	”	"	PUNCT
cblr-14251	154	43	)	)	PUNCT
cblr-14251	154	44	.	.	PUNCT
cblr-14251	155	1	36	36	NUM
cblr-14251	155	2	see	see	VERB
cblr-14251	155	3	lin	lin	PROPN
cblr-14251	155	4	,	,	PUNCT
cblr-14251	155	5	supra	supra	PROPN
cblr-14251	155	6	note	note	PROPN
cblr-14251	155	7	34	34	NUM
cblr-14251	155	8	,	,	PUNCT
cblr-14251	155	9	at	at	ADP
cblr-14251	155	10	850–52	850–52	NUM
cblr-14251	155	11	(	(	PUNCT
cblr-14251	155	12	describing	describe	VERB
cblr-14251	155	13	the	the	DET
cblr-14251	155	14	politicization	politicization	NOUN
cblr-14251	155	15	of	of	ADP
cblr-14251	155	16	esg	esg	PROPN
cblr-14251	155	17	)	)	PUNCT
cblr-14251	155	18	.	.	PUNCT
cblr-14251	156	1	37	37	NUM
cblr-14251	156	2	fisch	fisch	PROPN
cblr-14251	156	3	&	&	CCONJ
cblr-14251	156	4	eccles	eccles	PROPN
cblr-14251	156	5	,	,	PUNCT
cblr-14251	156	6	supra	supra	PROPN
cblr-14251	156	7	note	note	NOUN
cblr-14251	156	8	22	22	NUM
cblr-14251	156	9	.	.	PUNCT
cblr-14251	157	1	no	no	INTJ
cblr-14251	157	2	.	.	NOUN
cblr-14251	157	3	1	1	NUM
cblr-14251	157	4	]	]	PUNCT
cblr-14251	157	5	securities	security	NOUN
cblr-14251	157	6	fraud	fraud	NOUN
cblr-14251	157	7	and	and	CCONJ
cblr-14251	157	8	the	the	DET
cblr-14251	157	9	market	market	NOUN
cblr-14251	157	10	for	for	ADP
cblr-14251	157	11	individual	individual	ADJ
cblr-14251	157	12	stocks	stock	NOUN
cblr-14251	157	13	237	237	NUM
cblr-14251	157	14	equity	equity	NOUN
cblr-14251	157	15	securities	security	NOUN
cblr-14251	157	16	included	include	VERB
cblr-14251	157	17	in	in	ADP
cblr-14251	157	18	the	the	DET
cblr-14251	157	19	s&p	s&p	PROPN
cblr-14251	157	20	500	500	NUM
cblr-14251	157	21	®	®	NOUN
cblr-14251	157	22	index	index	NOUN
cblr-14251	157	23	while	while	SCONJ
cblr-14251	157	24	maintaining	maintain	VERB
cblr-14251	157	25	alignment	alignment	NOUN
cblr-14251	157	26	with	with	ADP
cblr-14251	157	27	the	the	DET
cblr-14251	157	28	moral	moral	ADJ
cblr-14251	157	29	and	and	CCONJ
cblr-14251	157	30	social	social	ADJ
cblr-14251	157	31	teachings	teaching	NOUN
cblr-14251	157	32	of	of	ADP
cblr-14251	157	33	the	the	DET
cblr-14251	157	34	catholic	catholic	PROPN
cblr-14251	157	35	church	church	PROPN
cblr-14251	157	36	.	.	PUNCT
cblr-14251	158	1	”38	”38	NOUN
cblr-14251	158	2	another	another	PRON
cblr-14251	158	3	is	be	AUX
cblr-14251	158	4	the	the	DET
cblr-14251	158	5	point	point	NOUN
cblr-14251	158	6	bridge	bridge	PROPN
cblr-14251	158	7	america	america	PROPN
cblr-14251	158	8	first	first	PROPN
cblr-14251	158	9	etf	etf	PROPN
cblr-14251	158	10	(	(	PUNCT
cblr-14251	158	11	ticker	ticker	NOUN
cblr-14251	158	12	symbol	symbol	NOUN
cblr-14251	158	13	maga	maga	PROPN
cblr-14251	158	14	)	)	PUNCT
cblr-14251	158	15	,	,	PUNCT
cblr-14251	158	16	which	which	PRON
cblr-14251	158	17	advertises	advertise	VERB
cblr-14251	158	18	for	for	ADP
cblr-14251	158	19	investors	investor	NOUN
cblr-14251	158	20	to	to	ADP
cblr-14251	158	21	“	"	PUNCT
cblr-14251	158	22	[	[	X
cblr-14251	158	23	b]ring	b]re	VERB
cblr-14251	158	24	republican	republican	PROPN
cblr-14251	159	1	[	[	X
cblr-14251	159	2	i]nvestment	i]nvestment	X
cblr-14251	159	3	[	[	X
cblr-14251	159	4	v]alues	v]alue	NOUN
cblr-14251	159	5	to	to	ADP
cblr-14251	159	6	[	[	X
cblr-14251	159	7	l]ife	l]ife	NOUN
cblr-14251	159	8	by	by	ADP
cblr-14251	159	9	[	[	X
cblr-14251	159	10	i]nvesting	i]nveste	VERB
cblr-14251	159	11	in	in	ADP
cblr-14251	159	12	the	the	DET
cblr-14251	159	13	maga	maga	PROPN
cblr-14251	159	14	etf	etf	PROPN
cblr-14251	159	15	.	.	PUNCT
cblr-14251	159	16	”39	”39	PROPN
cblr-14251	159	17	professor	professor	PROPN
cblr-14251	159	18	amelia	amelia	PROPN
cblr-14251	159	19	miazad	miazad	PROPN
cblr-14251	159	20	has	have	AUX
cblr-14251	159	21	explored	explore	VERB
cblr-14251	159	22	what	what	PRON
cblr-14251	159	23	she	she	PRON
cblr-14251	159	24	terms	term	VERB
cblr-14251	159	25	“	"	PUNCT
cblr-14251	159	26	faith	faith	NOUN
cblr-14251	159	27	investors	investor	NOUN
cblr-14251	159	28	,	,	PUNCT
cblr-14251	159	29	”	"	PUNCT
cblr-14251	159	30	or	or	CCONJ
cblr-14251	159	31	investors	investor	NOUN
cblr-14251	159	32	who	who	PRON
cblr-14251	159	33	understand	understand	VERB
cblr-14251	159	34	their	their	PRON
cblr-14251	159	35	investments	investment	NOUN
cblr-14251	159	36	to	to	PART
cblr-14251	159	37	be	be	AUX
cblr-14251	159	38	direct	direct	ADJ
cblr-14251	159	39	expressions	expression	NOUN
cblr-14251	159	40	of	of	ADP
cblr-14251	159	41	their	their	PRON
cblr-14251	159	42	faith.40	faith.40	PROPN
cblr-14251	159	43	c.	c.	PROPN
cblr-14251	159	44	the	the	DET
cblr-14251	159	45	retail	retail	ADJ
cblr-14251	159	46	premium	premium	NOUN
cblr-14251	159	47	one	one	NUM
cblr-14251	159	48	subset	subset	NOUN
cblr-14251	159	49	of	of	ADP
cblr-14251	159	50	investors	investor	NOUN
cblr-14251	159	51	—	—	PUNCT
cblr-14251	159	52	retail	retail	ADJ
cblr-14251	159	53	investors	investor	NOUN
cblr-14251	159	54	—	—	PUNCT
cblr-14251	159	55	seems	seem	VERB
cblr-14251	159	56	to	to	PART
cblr-14251	159	57	especially	especially	ADV
cblr-14251	159	58	care	care	VERB
cblr-14251	159	59	about	about	ADP
cblr-14251	159	60	the	the	DET
cblr-14251	159	61	companies	company	NOUN
cblr-14251	159	62	they	they	PRON
cblr-14251	159	63	are	be	AUX
cblr-14251	159	64	invested	invest	VERB
cblr-14251	159	65	in	in	ADP
cblr-14251	159	66	.	.	PUNCT
cblr-14251	160	1	one	one	NUM
cblr-14251	160	2	dramatic	dramatic	ADJ
cblr-14251	160	3	example	example	NOUN
cblr-14251	160	4	involved	involve	VERB
cblr-14251	160	5	retail	retail	ADJ
cblr-14251	160	6	investors	investor	NOUN
cblr-14251	160	7	coordinating	coordinate	VERB
cblr-14251	160	8	in	in	ADP
cblr-14251	160	9	january	january	PROPN
cblr-14251	160	10	2021	2021	NUM
cblr-14251	160	11	to	to	PART
cblr-14251	160	12	drive	drive	VERB
cblr-14251	160	13	up	up	ADP
cblr-14251	160	14	the	the	DET
cblr-14251	160	15	share	share	NOUN
cblr-14251	160	16	price	price	NOUN
cblr-14251	160	17	of	of	ADP
cblr-14251	160	18	gamestop	gamestop	NOUN
cblr-14251	160	19	,	,	PUNCT
cblr-14251	160	20	seeking	seek	VERB
cblr-14251	160	21	to	to	PART
cblr-14251	160	22	“	"	PUNCT
cblr-14251	160	23	punish	punish	VERB
cblr-14251	160	24	”	"	PUNCT
cblr-14251	160	25	wall	wall	PROPN
cblr-14251	160	26	street	street	PROPN
cblr-14251	160	27	institutions	institution	NOUN
cblr-14251	160	28	.	.	PUNCT
cblr-14251	161	1	another	another	PRON
cblr-14251	161	2	saw	see	VERB
cblr-14251	161	3	retail	retail	ADJ
cblr-14251	161	4	investors	investor	NOUN
cblr-14251	161	5	coming	come	VERB
cblr-14251	161	6	together	together	ADV
cblr-14251	161	7	to	to	PART
cblr-14251	161	8	“	"	PUNCT
cblr-14251	161	9	save	save	VERB
cblr-14251	161	10	”	"	PUNCT
cblr-14251	161	11	amc	amc	PROPN
cblr-14251	161	12	from	from	ADP
cblr-14251	161	13	bankruptcy	bankruptcy	NOUN
cblr-14251	161	14	for	for	ADP
cblr-14251	161	15	nostalgia	nostalgia	NOUN
cblr-14251	161	16	-	-	PUNCT
cblr-14251	161	17	related	relate	VERB
cblr-14251	161	18	reasons	reason	NOUN
cblr-14251	161	19	in	in	ADP
cblr-14251	161	20	2020.41	2020.41	NUM
cblr-14251	161	21	one	one	NUM
cblr-14251	161	22	result	result	NOUN
cblr-14251	161	23	of	of	ADP
cblr-14251	161	24	the	the	DET
cblr-14251	161	25	rise	rise	NOUN
cblr-14251	161	26	in	in	ADP
cblr-14251	161	27	retail	retail	ADJ
cblr-14251	161	28	trading	trading	NOUN
cblr-14251	161	29	has	have	AUX
cblr-14251	161	30	been	be	AUX
cblr-14251	161	31	the	the	DET
cblr-14251	161	32	apparent	apparent	ADJ
cblr-14251	161	33	stickiness	stickiness	NOUN
cblr-14251	161	34	of	of	ADP
cblr-14251	161	35	a	a	DET
cblr-14251	161	36	retail	retail	ADJ
cblr-14251	161	37	premium	premium	NOUN
cblr-14251	161	38	.	.	PUNCT
cblr-14251	162	1	as	as	SCONJ
cblr-14251	162	2	one	one	NUM
cblr-14251	162	3	commentator	commentator	NOUN
cblr-14251	162	4	observed	observe	VERB
cblr-14251	162	5	,	,	PUNCT
cblr-14251	162	6	“	"	PUNCT
cblr-14251	162	7	if	if	SCONJ
cblr-14251	162	8	there	there	PRON
cblr-14251	162	9	is	be	VERB
cblr-14251	162	10	one	one	NUM
cblr-14251	162	11	single	single	ADJ
cblr-14251	162	12	most	most	ADV
cblr-14251	162	13	important	important	ADJ
cblr-14251	162	14	lesson	lesson	NOUN
cblr-14251	162	15	from	from	ADP
cblr-14251	162	16	38	38	NUM
cblr-14251	162	17	global	global	ADJ
cblr-14251	162	18	x	x	ADJ
cblr-14251	162	19	s&p	s&p	PROPN
cblr-14251	162	20	500	500	NUM
cblr-14251	162	21	®	®	NOUN
cblr-14251	162	22	catholic	catholic	ADJ
cblr-14251	162	23	values	value	NOUN
cblr-14251	162	24	etf	etf	PROPN
cblr-14251	162	25	2024	2024	NUM
cblr-14251	162	26	summary	summary	NOUN
cblr-14251	162	27	prospectus	prospectus	NOUN
cblr-14251	162	28	,	,	PUNCT
cblr-14251	162	29	global	global	ADJ
cblr-14251	162	30	x	x	SYM
cblr-14251	162	31	(	(	PUNCT
cblr-14251	162	32	mar	mar	PROPN
cblr-14251	162	33	.	.	PROPN
cblr-14251	162	34	1	1	NUM
cblr-14251	162	35	,	,	PUNCT
cblr-14251	162	36	2024	2024	NUM
cblr-14251	162	37	)	)	PUNCT
cblr-14251	162	38	,	,	PUNCT
cblr-14251	162	39	https://www.globalxetfs.com/prospectus-regulatory/?id=547	https://www.globalxetfs.com/prospectus-regulatory/?id=547	X
cblr-14251	163	1	[	[	X
cblr-14251	163	2	https://perma.cc/6pug-daql	https://perma.cc/6pug-daql	NOUN
cblr-14251	163	3	]	]	X
cblr-14251	163	4	(	(	PUNCT
cblr-14251	163	5	“	"	PUNCT
cblr-14251	163	6	[	[	X
cblr-14251	163	7	a]s	a]s	NOUN
cblr-14251	163	8	of	of	ADP
cblr-14251	163	9	september	september	PROPN
cblr-14251	163	10	18th	18th	NOUN
cblr-14251	163	11	,	,	PUNCT
cblr-14251	163	12	2023	2023	NUM
cblr-14251	163	13	,	,	PUNCT
cblr-14251	163	14	the	the	DET
cblr-14251	163	15	activities	activity	NOUN
cblr-14251	163	16	screened	screen	VERB
cblr-14251	163	17	for	for	ADP
cblr-14251	163	18	constituents	constituent	NOUN
cblr-14251	163	19	’	'	PUNCT
cblr-14251	163	20	exclusion	exclusion	NOUN
cblr-14251	163	21	by	by	ADP
cblr-14251	163	22	the	the	DET
cblr-14251	163	23	s&p	s&p	PROPN
cblr-14251	163	24	500	500	NUM
cblr-14251	163	25	®	®	NOUN
cblr-14251	163	26	catholic	catholic	ADJ
cblr-14251	163	27	values	value	NOUN
cblr-14251	163	28	index	index	NOUN
cblr-14251	163	29	included	include	VERB
cblr-14251	163	30	abortion	abortion	NOUN
cblr-14251	163	31	,	,	PUNCT
cblr-14251	163	32	contraceptives	contraceptive	NOUN
cblr-14251	163	33	,	,	PUNCT
cblr-14251	163	34	human	human	ADJ
cblr-14251	163	35	embryonic	embryonic	ADJ
cblr-14251	163	36	stem	stem	NOUN
cblr-14251	163	37	cells	cell	NOUN
cblr-14251	163	38	,	,	PUNCT
cblr-14251	163	39	adult	adult	NOUN
cblr-14251	163	40	entertainment	entertainment	NOUN
cblr-14251	163	41	,	,	PUNCT
cblr-14251	163	42	controversial	controversial	ADJ
cblr-14251	163	43	weapons	weapon	NOUN
cblr-14251	163	44	,	,	PUNCT
cblr-14251	163	45	military	military	ADJ
cblr-14251	163	46	contracting	contracting	NOUN
cblr-14251	163	47	,	,	PUNCT
cblr-14251	163	48	gambling	gambling	NOUN
cblr-14251	163	49	,	,	PUNCT
cblr-14251	163	50	tobacco	tobacco	NOUN
cblr-14251	163	51	,	,	PUNCT
cblr-14251	163	52	cannabis	cannabis	NOUN
cblr-14251	163	53	,	,	PUNCT
cblr-14251	163	54	and	and	CCONJ
cblr-14251	163	55	child	child	NOUN
cblr-14251	163	56	labor	labor	NOUN
cblr-14251	163	57	”	"	PUNCT
cblr-14251	163	58	)	)	PUNCT
cblr-14251	163	59	.	.	PUNCT
cblr-14251	164	1	39	39	NUM
cblr-14251	164	2	invest	invest	VERB
cblr-14251	164	3	politically	politically	ADV
cblr-14251	164	4	,	,	PUNCT
cblr-14251	164	5	https://www.investpolitically.com	https://www.investpolitically.com	X
cblr-14251	165	1	[	[	X
cblr-14251	165	2	https://perma.cc/n4wd-y9up	https://perma.cc/n4wd-y9up	X
cblr-14251	165	3	]	]	X
cblr-14251	165	4	(	(	PUNCT
cblr-14251	165	5	last	last	ADV
cblr-14251	165	6	visited	visit	VERB
cblr-14251	165	7	mar	mar	PROPN
cblr-14251	165	8	.	.	PROPN
cblr-14251	165	9	4	4	NUM
cblr-14251	165	10	,	,	PUNCT
cblr-14251	165	11	2025	2025	NUM
cblr-14251	165	12	)	)	PUNCT
cblr-14251	165	13	.	.	PUNCT
cblr-14251	166	1	40	40	NUM
cblr-14251	166	2	see	see	VERB
cblr-14251	166	3	amelia	amelia	PROPN
cblr-14251	166	4	miazad	miazad	PROPN
cblr-14251	166	5	,	,	PUNCT
cblr-14251	166	6	faith	faith	NOUN
cblr-14251	166	7	investors	investor	NOUN
cblr-14251	166	8	(	(	PUNCT
cblr-14251	166	9	nov	nov	PROPN
cblr-14251	166	10	.	.	PROPN
cblr-14251	166	11	1	1	NUM
cblr-14251	166	12	,	,	PUNCT
cblr-14251	166	13	2024	2024	NUM
cblr-14251	166	14	)	)	PUNCT
cblr-14251	166	15	(	(	PUNCT
cblr-14251	166	16	unpublished	unpublished	ADJ
cblr-14251	166	17	manuscript	manuscript	NOUN
cblr-14251	166	18	)	)	PUNCT
cblr-14251	166	19	,	,	PUNCT
cblr-14251	166	20	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5152567	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5152567	PROPN
cblr-14251	166	21	[	[	SYM
cblr-14251	166	22	https://perma.cc/ksm3-umwl	https://perma.cc/ksm3-umwl	PROPN
cblr-14251	166	23	]	]	PUNCT
cblr-14251	166	24	.	.	PUNCT
cblr-14251	167	1	41	41	NUM
cblr-14251	167	2	see	see	VERB
cblr-14251	167	3	,	,	PUNCT
cblr-14251	167	4	e.g.	e.g.	ADV
cblr-14251	167	5	,	,	PUNCT
cblr-14251	167	6	matt	matt	PROPN
cblr-14251	167	7	turner	turner	PROPN
cblr-14251	167	8	,	,	PUNCT
cblr-14251	167	9	a	a	DET
cblr-14251	167	10	meme	meme	NOUN
cblr-14251	167	11	stock	stock	NOUN
cblr-14251	167	12	is	be	AUX
cblr-14251	167	13	born	bear	VERB
cblr-14251	167	14	:	:	PUNCT
cblr-14251	167	15	how	how	SCONJ
cblr-14251	167	16	to	to	PART
cblr-14251	167	17	spot	spot	VERB
cblr-14251	167	18	the	the	DET
cblr-14251	167	19	next	next	ADJ
cblr-14251	167	20	reddit	reddit	NOUN
cblr-14251	167	21	favorite	favorite	NOUN
cblr-14251	167	22	,	,	PUNCT
cblr-14251	167	23	bloomberg	bloomberg	PROPN
cblr-14251	167	24	(	(	PUNCT
cblr-14251	167	25	june	june	PROPN
cblr-14251	167	26	13	13	NUM
cblr-14251	167	27	,	,	PUNCT
cblr-14251	167	28	2021	2021	NUM
cblr-14251	167	29	)	)	PUNCT
cblr-14251	167	30	,	,	PUNCT
cblr-14251	167	31	https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-tospot-the-next-reddit-favorite	https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-tospot-the-next-reddit-favorite	PROPN
cblr-14251	167	32	[	[	X
cblr-14251	167	33	https://perma.cc/s5lt-eqlw	https://perma.cc/s5lt-eqlw	X
cblr-14251	167	34	]	]	X
cblr-14251	167	35	;	;	PUNCT
cblr-14251	167	36	erin	erin	PROPN
cblr-14251	167	37	griffith	griffith	PROPN
cblr-14251	167	38	,	,	PUNCT
cblr-14251	167	39	no	no	DET
cblr-14251	167	40	end	end	NOUN
cblr-14251	167	41	to	to	PART
cblr-14251	167	42	whiplash	whiplash	VERB
cblr-14251	167	43	in	in	ADP
cblr-14251	167	44	meme	meme	NOUN
cblr-14251	167	45	stocks	stock	NOUN
cblr-14251	167	46	,	,	PUNCT
cblr-14251	167	47	crypto	crypto	NOUN
cblr-14251	167	48	and	and	CCONJ
cblr-14251	167	49	more	more	ADJ
cblr-14251	167	50	,	,	PUNCT
cblr-14251	167	51	n.y	n.y	PROPN
cblr-14251	167	52	.	.	PROPN
cblr-14251	167	53	times	times	PROPN
cblr-14251	167	54	(	(	PUNCT
cblr-14251	167	55	nov	nov	PROPN
cblr-14251	167	56	.	.	PROPN
cblr-14251	167	57	8	8	NUM
cblr-14251	167	58	,	,	PUNCT
cblr-14251	167	59	2021	2021	NUM
cblr-14251	167	60	)	)	PUNCT
cblr-14251	167	61	,	,	PUNCT
cblr-14251	167	62	https://www.nytimes.com/2021/06/23/technology/no-end-to-whiplash-in-memestocks-crypto-and-more.html	https://www.nytimes.com/2021/06/23/technology/no-end-to-whiplash-in-memestocks-crypto-and-more.html	PROPN
cblr-14251	167	63	.	.	PROPN
cblr-14251	168	1	238	238	NUM
cblr-14251	168	2	columbia	columbia	PROPN
cblr-14251	168	3	business	business	NOUN
cblr-14251	168	4	law	law	PROPN
cblr-14251	168	5	review	review	NOUN
cblr-14251	168	6	[	[	X
cblr-14251	168	7	vol	vol	NOUN
cblr-14251	168	8	.	.	PUNCT
cblr-14251	168	9	2025	2025	NUM
cblr-14251	168	10	the	the	DET
cblr-14251	168	11	last	last	ADJ
cblr-14251	168	12	few	few	ADJ
cblr-14251	168	13	years	year	NOUN
cblr-14251	168	14	in	in	ADP
cblr-14251	168	15	financial	financial	ADJ
cblr-14251	168	16	markets	market	NOUN
cblr-14251	168	17	,	,	PUNCT
cblr-14251	168	18	it	it	PRON
cblr-14251	168	19	is	be	AUX
cblr-14251	168	20	that	that	SCONJ
cblr-14251	168	21	stocks	stock	NOUN
cblr-14251	168	22	with	with	ADP
cblr-14251	168	23	large	large	ADJ
cblr-14251	168	24	retail	retail	ADJ
cblr-14251	168	25	followings	following	NOUN
cblr-14251	168	26	on	on	ADP
cblr-14251	168	27	social	social	ADJ
cblr-14251	168	28	media	medium	NOUN
cblr-14251	168	29	can	can	AUX
cblr-14251	168	30	sustainably	sustainably	ADV
cblr-14251	168	31	trade	trade	VERB
cblr-14251	168	32	at	at	ADP
cblr-14251	168	33	a	a	DET
cblr-14251	168	34	large	large	ADJ
cblr-14251	168	35	premium	premium	NOUN
cblr-14251	168	36	to	to	ADP
cblr-14251	168	37	their	their	PRON
cblr-14251	168	38	intrinsic	intrinsic	ADJ
cblr-14251	168	39	value	value	NOUN
cblr-14251	168	40	.	.	PUNCT
cblr-14251	169	1	”42	”42	NOUN
cblr-14251	169	2	in	in	ADP
cblr-14251	169	3	previous	previous	ADJ
cblr-14251	169	4	work	work	NOUN
cblr-14251	169	5	,	,	PUNCT
cblr-14251	169	6	i	i	PRON
cblr-14251	169	7	have	have	AUX
cblr-14251	169	8	explored	explore	VERB
cblr-14251	169	9	the	the	DET
cblr-14251	169	10	mechanisms	mechanism	NOUN
cblr-14251	169	11	by	by	ADP
cblr-14251	169	12	which	which	PRON
cblr-14251	169	13	retail	retail	ADJ
cblr-14251	169	14	investors	investor	NOUN
cblr-14251	169	15	,	,	PUNCT
cblr-14251	169	16	when	when	SCONJ
cblr-14251	169	17	trading	trade	VERB
cblr-14251	169	18	in	in	ADP
cblr-14251	169	19	coordinated	coordinated	ADJ
cblr-14251	169	20	fashion	fashion	NOUN
cblr-14251	169	21	,	,	PUNCT
cblr-14251	169	22	can	can	AUX
cblr-14251	169	23	predictably	predictably	ADV
cblr-14251	169	24	and	and	CCONJ
cblr-14251	169	25	sustainably	sustainably	ADV
cblr-14251	169	26	move	move	VERB
cblr-14251	169	27	stock	stock	NOUN
cblr-14251	169	28	prices.43	prices.43	NOUN
cblr-14251	169	29	to	to	ADP
cblr-14251	169	30	the	the	DET
cblr-14251	169	31	extent	extent	NOUN
cblr-14251	169	32	that	that	SCONJ
cblr-14251	169	33	retail	retail	ADJ
cblr-14251	169	34	traders	trader	NOUN
cblr-14251	169	35	are	be	AUX
cblr-14251	169	36	motivated	motivate	VERB
cblr-14251	169	37	by	by	ADP
cblr-14251	169	38	cultural	cultural	ADJ
cblr-14251	169	39	values	value	NOUN
cblr-14251	169	40	or	or	CCONJ
cblr-14251	169	41	other	other	ADJ
cblr-14251	169	42	non	non	ADJ
cblr-14251	169	43	-	-	ADJ
cblr-14251	169	44	financial	financial	ADJ
cblr-14251	169	45	reasons	reason	NOUN
cblr-14251	169	46	,	,	PUNCT
cblr-14251	169	47	the	the	DET
cblr-14251	169	48	resulting	result	VERB
cblr-14251	169	49	price	price	NOUN
cblr-14251	169	50	movements	movement	NOUN
cblr-14251	169	51	will	will	AUX
cblr-14251	169	52	reflect	reflect	VERB
cblr-14251	169	53	those	those	DET
cblr-14251	169	54	non	non	ADJ
cblr-14251	169	55	-	-	ADJ
cblr-14251	169	56	financial	financial	ADJ
cblr-14251	169	57	values	value	NOUN
cblr-14251	169	58	—	—	PUNCT
cblr-14251	169	59	i.e.	i.e.	X
cblr-14251	169	60	,	,	PUNCT
cblr-14251	169	61	non	non	ADJ
cblr-14251	169	62	-	-	ADJ
cblr-14251	169	63	fundamental	fundamental	ADJ
cblr-14251	169	64	value.44	value.44	NOUN
cblr-14251	169	65	in	in	ADP
cblr-14251	169	66	other	other	ADJ
cblr-14251	169	67	words	word	NOUN
cblr-14251	169	68	,	,	PUNCT
cblr-14251	169	69	the	the	DET
cblr-14251	169	70	resulting	result	VERB
cblr-14251	169	71	price	price	NOUN
cblr-14251	169	72	movements	movement	NOUN
cblr-14251	169	73	will	will	AUX
cblr-14251	169	74	reflect	reflect	VERB
cblr-14251	169	75	retail	retail	ADJ
cblr-14251	169	76	traders	trader	NOUN
cblr-14251	169	77	’	’	PART
cblr-14251	169	78	demand	demand	NOUN
cblr-14251	169	79	premium	premium	NOUN
cblr-14251	169	80	.	.	PUNCT
cblr-14251	170	1	firm	firm	ADJ
cblr-14251	170	2	behavior	behavior	NOUN
cblr-14251	170	3	also	also	ADV
cblr-14251	170	4	implicitly	implicitly	ADV
cblr-14251	170	5	acknowledges	acknowledge	VERB
cblr-14251	170	6	the	the	DET
cblr-14251	170	7	retail	retail	ADJ
cblr-14251	170	8	demand	demand	NOUN
cblr-14251	170	9	premium	premium	NOUN
cblr-14251	170	10	.	.	PUNCT
cblr-14251	171	1	as	as	SCONJ
cblr-14251	171	2	firms	firm	NOUN
cblr-14251	171	3	have	have	AUX
cblr-14251	171	4	responded	respond	VERB
cblr-14251	171	5	to	to	ADP
cblr-14251	171	6	investors	investor	NOUN
cblr-14251	171	7	’	’	PART
cblr-14251	171	8	esg	esg	PROPN
cblr-14251	171	9	and	and	CCONJ
cblr-14251	171	10	political	political	ADJ
cblr-14251	171	11	demands	demand	NOUN
cblr-14251	171	12	,	,	PUNCT
cblr-14251	171	13	they	they	PRON
cblr-14251	171	14	have	have	AUX
cblr-14251	171	15	also	also	ADV
cblr-14251	171	16	responded	respond	VERB
cblr-14251	171	17	to	to	ADP
cblr-14251	171	18	the	the	DET
cblr-14251	171	19	rise	rise	NOUN
cblr-14251	171	20	in	in	ADP
cblr-14251	171	21	retail	retail	ADJ
cblr-14251	171	22	investing	investing	NOUN
cblr-14251	171	23	.	.	PUNCT
cblr-14251	172	1	issuers	issuer	NOUN
cblr-14251	172	2	are	be	AUX
cblr-14251	172	3	increasingly	increasingly	ADV
cblr-14251	172	4	reaching	reach	VERB
cblr-14251	172	5	out	out	ADP
cblr-14251	172	6	to	to	ADP
cblr-14251	172	7	retail	retail	ADJ
cblr-14251	172	8	investors	investor	NOUN
cblr-14251	172	9	through	through	ADP
cblr-14251	172	10	social	social	ADJ
cblr-14251	172	11	media	medium	NOUN
cblr-14251	172	12	and	and	CCONJ
cblr-14251	172	13	responding	respond	VERB
cblr-14251	172	14	to	to	ADP
cblr-14251	172	15	concerns	concern	NOUN
cblr-14251	172	16	raised	raise	VERB
cblr-14251	172	17	by	by	ADP
cblr-14251	172	18	retail	retail	ADJ
cblr-14251	172	19	investors.45	investors.45	NOUN
cblr-14251	172	20	certain	certain	ADJ
cblr-14251	172	21	firms	firm	NOUN
cblr-14251	172	22	offer	offer	VERB
cblr-14251	172	23	promotions	promotion	NOUN
cblr-14251	172	24	and	and	CCONJ
cblr-14251	172	25	inducements	inducement	NOUN
cblr-14251	172	26	to	to	ADP
cblr-14251	172	27	their	their	PRON
cblr-14251	172	28	shareholders	shareholder	NOUN
cblr-14251	172	29	,	,	PUNCT
cblr-14251	172	30	which	which	PRON
cblr-14251	172	31	should	should	AUX
cblr-14251	172	32	not	not	PART
cblr-14251	172	33	affect	affect	VERB
cblr-14251	172	34	demand	demand	NOUN
cblr-14251	172	35	for	for	ADP
cblr-14251	172	36	the	the	DET
cblr-14251	172	37	firms	firm	NOUN
cblr-14251	172	38	’	’	PART
cblr-14251	172	39	stock	stock	NOUN
cblr-14251	172	40	(	(	PUNCT
cblr-14251	172	41	since	since	SCONJ
cblr-14251	172	42	such	such	ADJ
cblr-14251	172	43	promotions	promotion	NOUN
cblr-14251	172	44	and	and	CCONJ
cblr-14251	172	45	inducements	inducement	NOUN
cblr-14251	172	46	have	have	VERB
cblr-14251	172	47	nothing	nothing	PRON
cblr-14251	172	48	to	to	PART
cblr-14251	172	49	do	do	VERB
cblr-14251	172	50	with	with	ADP
cblr-14251	172	51	the	the	DET
cblr-14251	172	52	firm	firm	NOUN
cblr-14251	172	53	’s	’s	PART
cblr-14251	172	54	fundamental	fundamental	ADJ
cblr-14251	172	55	value	value	NOUN
cblr-14251	172	56	)	)	PUNCT
cblr-14251	172	57	—	—	PUNCT
cblr-14251	172	58	yet	yet	CCONJ
cblr-14251	172	59	they	they	PRON
cblr-14251	172	60	seem	seem	VERB
cblr-14251	172	61	to.46	to.46	PROPN
cblr-14251	172	62	if	if	SCONJ
cblr-14251	172	63	such	such	ADJ
cblr-14251	172	64	inducements	inducement	NOUN
cblr-14251	172	65	increase	increase	AUX
cblr-14251	172	66	demand	demand	NOUN
cblr-14251	172	67	42	42	NUM
cblr-14251	172	68	matt	matt	PROPN
cblr-14251	172	69	levine	levine	PROPN
cblr-14251	172	70	,	,	PUNCT
cblr-14251	172	71	bill	bill	PROPN
cblr-14251	172	72	ackman	ackman	PROPN
cblr-14251	172	73	can	can	AUX
cblr-14251	172	74	tweet	tweet	VERB
cblr-14251	172	75	his	his	PRON
cblr-14251	172	76	new	new	ADJ
cblr-14251	172	77	fund	fund	NOUN
cblr-14251	172	78	,	,	PUNCT
cblr-14251	172	79	bloomberg	bloomberg	PROPN
cblr-14251	172	80	(	(	PUNCT
cblr-14251	172	81	july	july	PROPN
cblr-14251	172	82	16	16	NUM
cblr-14251	172	83	,	,	PUNCT
cblr-14251	172	84	2024	2024	NUM
cblr-14251	172	85	)	)	PUNCT
cblr-14251	172	86	,	,	PUNCT
cblr-14251	172	87	https://www.bloomberg.com/opinion/articles/2024-07-16/bill-ackman-cantweet-his-new-fund	https://www.bloomberg.com/opinion/articles/2024-07-16/bill-ackman-cantweet-his-new-fund	NOUN
cblr-14251	173	1	[	[	X
cblr-14251	173	2	https://perma.cc/8xs9-g47u	https://perma.cc/8xs9-g47u	X
cblr-14251	173	3	]	]	X
cblr-14251	173	4	.	.	PUNCT
cblr-14251	174	1	43	43	NUM
cblr-14251	174	2	see	see	VERB
cblr-14251	174	3	sue	sue	PROPN
cblr-14251	174	4	s.	s.	PROPN
cblr-14251	174	5	guan	guan	PROPN
cblr-14251	174	6	,	,	PUNCT
cblr-14251	174	7	meme	meme	PROPN
cblr-14251	174	8	investors	investor	NOUN
cblr-14251	174	9	and	and	CCONJ
cblr-14251	174	10	retail	retail	ADJ
cblr-14251	174	11	risk	risk	NOUN
cblr-14251	174	12	,	,	PUNCT
cblr-14251	174	13	63	63	NUM
cblr-14251	174	14	b.c	b.c	PROPN
cblr-14251	174	15	.	.	PROPN
cblr-14251	174	16	l.	l.	PROPN
cblr-14251	174	17	rev	rev	PROPN
cblr-14251	174	18	.	.	PROPN
cblr-14251	174	19	2051	2051	NUM
cblr-14251	174	20	(	(	PUNCT
cblr-14251	174	21	2022	2022	NUM
cblr-14251	174	22	)	)	PUNCT
cblr-14251	174	23	;	;	PUNCT
cblr-14251	174	24	see	see	VERB
cblr-14251	174	25	also	also	ADV
cblr-14251	174	26	dhruv	dhruv	PROPN
cblr-14251	174	27	aggarwal	aggarwal	PROPN
cblr-14251	174	28	et	et	PROPN
cblr-14251	174	29	al	al	PROPN
cblr-14251	174	30	.	.	PROPN
cblr-14251	174	31	,	,	PUNCT
cblr-14251	174	32	the	the	DET
cblr-14251	174	33	meme	meme	NOUN
cblr-14251	174	34	stock	stock	NOUN
cblr-14251	174	35	frenzy	frenzy	NOUN
cblr-14251	174	36	:	:	PUNCT
cblr-14251	174	37	origins	origin	NOUN
cblr-14251	174	38	and	and	CCONJ
cblr-14251	174	39	implications	implication	NOUN
cblr-14251	174	40	,	,	PUNCT
cblr-14251	174	41	96	96	NUM
cblr-14251	174	42	s.	s.	PROPN
cblr-14251	174	43	cal	cal	PROPN
cblr-14251	174	44	.	.	PUNCT
cblr-14251	175	1	l.	l.	PROPN
cblr-14251	175	2	rev	rev	PROPN
cblr-14251	175	3	.	.	PROPN
cblr-14251	175	4	1387	1387	NUM
cblr-14251	175	5	(	(	PUNCT
cblr-14251	175	6	2024	2024	NUM
cblr-14251	175	7	)	)	PUNCT
cblr-14251	175	8	(	(	PUNCT
cblr-14251	175	9	arguing	argue	VERB
cblr-14251	175	10	that	that	SCONJ
cblr-14251	175	11	“	"	PUNCT
cblr-14251	175	12	the	the	DET
cblr-14251	175	13	emergence	emergence	NOUN
cblr-14251	175	14	of	of	ADP
cblr-14251	175	15	meme	meme	NOUN
cblr-14251	175	16	stocks	stock	NOUN
cblr-14251	175	17	is	be	AUX
cblr-14251	175	18	part	part	NOUN
cblr-14251	175	19	of	of	ADP
cblr-14251	175	20	longer	long	ADV
cblr-14251	175	21	-	-	PUNCT
cblr-14251	175	22	running	run	VERB
cblr-14251	175	23	digital	digital	ADJ
cblr-14251	175	24	transformations	transformation	NOUN
cblr-14251	175	25	in	in	ADP
cblr-14251	175	26	trading	trading	NOUN
cblr-14251	175	27	,	,	PUNCT
cblr-14251	175	28	investing	investing	NOUN
cblr-14251	175	29	,	,	PUNCT
cblr-14251	175	30	and	and	CCONJ
cblr-14251	175	31	governance	governance	NOUN
cblr-14251	175	32	”	"	PUNCT
cblr-14251	175	33	)	)	PUNCT
cblr-14251	175	34	.	.	PUNCT
cblr-14251	176	1	44	44	NUM
cblr-14251	176	2	see	see	VERB
cblr-14251	176	3	i	i	PRON
cblr-14251	176	4	d.	d.	PROPN
cblr-14251	176	5	45	45	NUM
cblr-14251	176	6	see	see	VERB
cblr-14251	176	7	,	,	PUNCT
cblr-14251	176	8	e.g.	e.g.	ADV
cblr-14251	176	9	,	,	PUNCT
cblr-14251	176	10	nina	nina	PROPN
cblr-14251	176	11	trentmann	trentmann	NOUN
cblr-14251	176	12	,	,	PUNCT
cblr-14251	176	13	connecting	connect	VERB
cblr-14251	176	14	with	with	ADP
cblr-14251	176	15	small	small	ADJ
cblr-14251	176	16	shareholders	shareholder	NOUN
cblr-14251	176	17	remains	remain	VERB
cblr-14251	176	18	a	a	DET
cblr-14251	176	19	challenge	challenge	NOUN
cblr-14251	176	20	for	for	ADP
cblr-14251	176	21	companies	company	NOUN
cblr-14251	176	22	,	,	PUNCT
cblr-14251	177	1	wall	wall	PROPN
cblr-14251	177	2	st	st	PROPN
cblr-14251	177	3	.	.	PROPN
cblr-14251	177	4	j.	j.	PROPN
cblr-14251	177	5	(	(	PUNCT
cblr-14251	177	6	feb	feb	PROPN
cblr-14251	177	7	.	.	PROPN
cblr-14251	177	8	7	7	NUM
cblr-14251	177	9	,	,	PUNCT
cblr-14251	177	10	2022	2022	NUM
cblr-14251	177	11	)	)	PUNCT
cblr-14251	177	12	,	,	PUNCT
cblr-14251	177	13	https://www.wsj.com/articles/connecting-with-small-shareholders-remains-achallenge-for-companies-11644229801	https://www.wsj.com/articles/connecting-with-small-shareholders-remains-achallenge-for-companies-11644229801	X
cblr-14251	177	14	(	(	PUNCT
cblr-14251	177	15	“	"	PUNCT
cblr-14251	177	16	executives	executive	NOUN
cblr-14251	177	17	are	be	AUX
cblr-14251	177	18	turning	turn	VERB
cblr-14251	177	19	to	to	ADP
cblr-14251	177	20	new	new	ADJ
cblr-14251	177	21	methods	method	NOUN
cblr-14251	177	22	,	,	PUNCT
cblr-14251	177	23	such	such	ADJ
cblr-14251	177	24	as	as	ADP
cblr-14251	177	25	tools	tool	NOUN
cblr-14251	177	26	that	that	PRON
cblr-14251	177	27	analyze	analyze	VERB
cblr-14251	177	28	reams	ream	NOUN
cblr-14251	177	29	of	of	ADP
cblr-14251	177	30	data	datum	NOUN
cblr-14251	177	31	and	and	CCONJ
cblr-14251	177	32	social	social	ADJ
cblr-14251	177	33	-	-	PUNCT
cblr-14251	177	34	media	medium	NOUN
cblr-14251	177	35	platforms	platform	NOUN
cblr-14251	177	36	,	,	PUNCT
cblr-14251	177	37	to	to	PART
cblr-14251	177	38	determine	determine	VERB
cblr-14251	177	39	just	just	ADV
cblr-14251	177	40	who	who	PRON
cblr-14251	177	41	their	their	PRON
cblr-14251	177	42	small	small	ADJ
cblr-14251	177	43	investors	investor	NOUN
cblr-14251	177	44	are	be	AUX
cblr-14251	177	45	and	and	CCONJ
cblr-14251	177	46	how	how	SCONJ
cblr-14251	177	47	to	to	PART
cblr-14251	177	48	reach	reach	VERB
cblr-14251	177	49	them	they	PRON
cblr-14251	177	50	,	,	PUNCT
cblr-14251	177	51	while	while	SCONJ
cblr-14251	177	52	also	also	ADV
cblr-14251	177	53	using	use	VERB
cblr-14251	177	54	traditional	traditional	ADJ
cblr-14251	177	55	approaches	approach	NOUN
cblr-14251	177	56	like	like	ADP
cblr-14251	177	57	shareholder	shareholder	NOUN
cblr-14251	177	58	letters	letter	NOUN
cblr-14251	177	59	and	and	CCONJ
cblr-14251	177	60	meetings	meeting	NOUN
cblr-14251	177	61	.	.	PUNCT
cblr-14251	177	62	”	"	PUNCT
cblr-14251	177	63	)	)	PUNCT
cblr-14251	177	64	.	.	PUNCT
cblr-14251	178	1	46	46	NUM
cblr-14251	178	2	see	see	VERB
cblr-14251	178	3	griffin	griffin	NOUN
cblr-14251	178	4	,	,	PUNCT
cblr-14251	178	5	supra	supra	PROPN
cblr-14251	178	6	note	note	NOUN
cblr-14251	178	7	9	9	NUM
cblr-14251	178	8	,	,	PUNCT
cblr-14251	178	9	at	at	ADP
cblr-14251	178	10	26–27	26–27	NUM
cblr-14251	178	11	.	.	PUNCT
cblr-14251	179	1	these	these	DET
cblr-14251	179	2	promotions	promotion	NOUN
cblr-14251	179	3	range	range	VERB
cblr-14251	179	4	from	from	ADP
cblr-14251	179	5	discounts	discount	NOUN
cblr-14251	179	6	on	on	ADP
cblr-14251	179	7	new	new	ADJ
cblr-14251	179	8	cars	car	NOUN
cblr-14251	179	9	for	for	ADP
cblr-14251	179	10	ford	ford	PROPN
cblr-14251	179	11	shareholders	shareholder	NOUN
cblr-14251	179	12	to	to	PART
cblr-14251	179	13	collectible	collectible	VERB
cblr-14251	179	14	shareholder	shareholder	NOUN
cblr-14251	179	15	certificates	certificate	NOUN
cblr-14251	179	16	that	that	PRON
cblr-14251	179	17	only	only	ADV
cblr-14251	179	18	disney	disney	NOUN
cblr-14251	179	19	shareholders	shareholder	NOUN
cblr-14251	179	20	can	can	AUX
cblr-14251	179	21	purchase	purchase	VERB
cblr-14251	179	22	.	.	PUNCT
cblr-14251	180	1	i	i	PRON
cblr-14251	180	2	d.	d.	PROPN
cblr-14251	180	3	no	no	INTJ
cblr-14251	180	4	.	.	NOUN
cblr-14251	181	1	1	1	NUM
cblr-14251	181	2	]	]	PUNCT
cblr-14251	181	3	securities	security	NOUN
cblr-14251	181	4	fraud	fraud	NOUN
cblr-14251	181	5	and	and	CCONJ
cblr-14251	181	6	the	the	DET
cblr-14251	181	7	market	market	NOUN
cblr-14251	181	8	for	for	ADP
cblr-14251	181	9	individual	individual	ADJ
cblr-14251	181	10	stocks	stock	NOUN
cblr-14251	181	11	239	239	NUM
cblr-14251	181	12	for	for	ADP
cblr-14251	181	13	a	a	DET
cblr-14251	181	14	firm	firm	NOUN
cblr-14251	181	15	’s	’s	PART
cblr-14251	181	16	stock	stock	NOUN
cblr-14251	181	17	,	,	PUNCT
cblr-14251	181	18	and	and	CCONJ
cblr-14251	181	19	that	that	SCONJ
cblr-14251	181	20	demand	demand	NOUN
cblr-14251	181	21	can	can	AUX
cblr-14251	181	22	affect	affect	VERB
cblr-14251	181	23	the	the	DET
cblr-14251	181	24	firm	firm	NOUN
cblr-14251	181	25	’s	’s	PART
cblr-14251	181	26	share	share	NOUN
cblr-14251	181	27	price	price	NOUN
cblr-14251	181	28	,	,	PUNCT
cblr-14251	181	29	offering	offer	VERB
cblr-14251	181	30	such	such	ADJ
cblr-14251	181	31	inducements	inducement	NOUN
cblr-14251	181	32	makes	make	VERB
cblr-14251	181	33	perfect	perfect	ADJ
cblr-14251	181	34	sense	sense	NOUN
cblr-14251	181	35	.	.	PUNCT
cblr-14251	182	1	and	and	CCONJ
cblr-14251	182	2	other	other	ADJ
cblr-14251	182	3	firms	firm	NOUN
cblr-14251	182	4	deliberately	deliberately	ADV
cblr-14251	182	5	gear	gear	VERB
cblr-14251	182	6	corporate	corporate	ADJ
cblr-14251	182	7	decisions	decision	NOUN
cblr-14251	182	8	and	and	CCONJ
cblr-14251	182	9	communications	communication	NOUN
cblr-14251	182	10	to	to	ADP
cblr-14251	182	11	retail	retail	ADJ
cblr-14251	182	12	investors	investor	NOUN
cblr-14251	182	13	.	.	PUNCT
cblr-14251	183	1	in	in	ADP
cblr-14251	183	2	november	november	PROPN
cblr-14251	183	3	2024	2024	NUM
cblr-14251	183	4	,	,	PUNCT
cblr-14251	183	5	palantir	palantir	NOUN
cblr-14251	183	6	technologies	technology	NOUN
cblr-14251	183	7	announced	announce	VERB
cblr-14251	183	8	a	a	DET
cblr-14251	183	9	move	move	NOUN
cblr-14251	183	10	from	from	ADP
cblr-14251	183	11	the	the	DET
cblr-14251	183	12	nyse	nyse	PROPN
cblr-14251	183	13	to	to	ADP
cblr-14251	183	14	the	the	DET
cblr-14251	183	15	nasdaq	nasdaq	NOUN
cblr-14251	183	16	,	,	PUNCT
cblr-14251	183	17	which	which	PRON
cblr-14251	183	18	led	lead	VERB
cblr-14251	183	19	to	to	ADP
cblr-14251	183	20	a	a	DET
cblr-14251	183	21	more	more	ADJ
cblr-14251	183	22	than	than	ADP
cblr-14251	183	23	10	10	NUM
cblr-14251	183	24	%	%	NOUN
cblr-14251	183	25	jump	jump	NOUN
cblr-14251	183	26	in	in	ADP
cblr-14251	183	27	stock	stock	NOUN
cblr-14251	183	28	price.47	price.47	PROPN
cblr-14251	183	29	in	in	ADP
cblr-14251	183	30	a	a	DET
cblr-14251	183	31	later	later	ADV
cblr-14251	183	32	-	-	PUNCT
cblr-14251	183	33	deleted	delete	VERB
cblr-14251	183	34	tweet	tweet	NOUN
cblr-14251	183	35	,	,	PUNCT
cblr-14251	183	36	a	a	DET
cblr-14251	183	37	board	board	NOUN
cblr-14251	183	38	member	member	NOUN
cblr-14251	183	39	said	say	VERB
cblr-14251	183	40	,	,	PUNCT
cblr-14251	183	41	“	"	PUNCT
cblr-14251	183	42	we	we	PRON
cblr-14251	183	43	are	be	AUX
cblr-14251	183	44	moving	move	VERB
cblr-14251	183	45	@palantirtech	@palantirtech	PROPN
cblr-14251	183	46	to	to	ADP
cblr-14251	183	47	nasdaq	nasdaq	PRON
cblr-14251	183	48	because	because	SCONJ
cblr-14251	183	49	it	it	PRON
cblr-14251	183	50	will	will	AUX
cblr-14251	183	51	force	force	VERB
cblr-14251	183	52	billions	billion	NOUN
cblr-14251	183	53	in	in	ADP
cblr-14251	183	54	etf	etf	NOUN
cblr-14251	183	55	buying	buying	NOUN
cblr-14251	183	56	and	and	CCONJ
cblr-14251	183	57	deliver	deliver	VERB
cblr-14251	183	58	‘	'	PUNCT
cblr-14251	183	59	tendies	tendie	NOUN
cblr-14251	183	60	’	'	PUNCT
cblr-14251	183	61	to	to	ADP
cblr-14251	183	62	our	our	PRON
cblr-14251	183	63	retail	retail	ADJ
cblr-14251	183	64	investors	investor	NOUN
cblr-14251	183	65	.	.	PUNCT
cblr-14251	184	1	player	player	NOUN
cblr-14251	184	2	haters	hater	NOUN
cblr-14251	184	3	be	be	AUX
cblr-14251	184	4	aware	aware	ADJ
cblr-14251	184	5	that	that	SCONJ
cblr-14251	184	6	we	we	PRON
cblr-14251	184	7	’ve	’ve	AUX
cblr-14251	184	8	been	be	AUX
cblr-14251	184	9	hated	hate	VERB
cblr-14251	184	10	for	for	ADP
cblr-14251	184	11	decades	decade	NOUN
cblr-14251	184	12	(	(	PUNCT
cblr-14251	184	13	plural	plural	ADJ
cblr-14251	184	14	)	)	PUNCT
cblr-14251	184	15	.	.	PUNCT
cblr-14251	185	1	everything	everything	PRON
cblr-14251	185	2	we	we	PRON
cblr-14251	185	3	do	do	VERB
cblr-14251	185	4	is	be	AUX
cblr-14251	185	5	to	to	PART
cblr-14251	185	6	reward	reward	VERB
cblr-14251	185	7	and	and	CCONJ
cblr-14251	185	8	support	support	VERB
cblr-14251	185	9	our	our	PRON
cblr-14251	185	10	retail	retail	ADJ
cblr-14251	185	11	diamondhands	diamondhand	NOUN
cblr-14251	185	12	following	follow	VERB
cblr-14251	185	13	.	.	PUNCT
cblr-14251	186	1	”48	”48	PROPN
cblr-14251	186	2	as	as	ADP
cblr-14251	186	3	a	a	DET
cblr-14251	186	4	“	"	PUNCT
cblr-14251	186	5	retail	retail	ADJ
cblr-14251	186	6	darling	darling	NOUN
cblr-14251	186	7	,	,	PUNCT
cblr-14251	186	8	”	"	PUNCT
cblr-14251	186	9	the	the	DET
cblr-14251	186	10	tweet	tweet	NOUN
cblr-14251	186	11	and	and	CCONJ
cblr-14251	186	12	its	its	PRON
cblr-14251	186	13	use	use	NOUN
cblr-14251	186	14	of	of	ADP
cblr-14251	186	15	language	language	NOUN
cblr-14251	186	16	such	such	ADJ
cblr-14251	186	17	as	as	ADP
cblr-14251	186	18	“	"	PUNCT
cblr-14251	186	19	tendies	tendie	NOUN
cblr-14251	186	20	”	"	PUNCT
cblr-14251	186	21	and	and	CCONJ
cblr-14251	186	22	“	"	PUNCT
cblr-14251	186	23	diamondhands	diamondhand	NOUN
cblr-14251	186	24	”	"	PUNCT
cblr-14251	186	25	suggests	suggest	VERB
cblr-14251	186	26	that	that	SCONJ
cblr-14251	186	27	palantir	palantir	NOUN
cblr-14251	186	28	made	make	VERB
cblr-14251	186	29	the	the	DET
cblr-14251	186	30	listing	listing	NOUN
cblr-14251	186	31	decision	decision	NOUN
cblr-14251	186	32	specifically	specifically	ADV
cblr-14251	186	33	to	to	PART
cblr-14251	186	34	cater	cater	VERB
cblr-14251	186	35	to	to	ADP
cblr-14251	186	36	retail	retail	ADJ
cblr-14251	186	37	investors	investor	NOUN
cblr-14251	186	38	and	and	CCONJ
cblr-14251	186	39	to	to	PART
cblr-14251	186	40	tap	tap	VERB
cblr-14251	186	41	into	into	ADP
cblr-14251	186	42	the	the	DET
cblr-14251	186	43	retail	retail	PROPN
cblr-14251	186	44	premium.49	premium.49	PROPN
cblr-14251	186	45	d.	d.	PROPN
cblr-14251	186	46	finfluencers	finfluencer	NOUN
cblr-14251	186	47	47	47	NUM
cblr-14251	186	48	see	see	VERB
cblr-14251	186	49	ari	ari	PROPN
cblr-14251	186	50	levy	levy	PROPN
cblr-14251	186	51	,	,	PUNCT
cblr-14251	186	52	palantir	palantir	NOUN
cblr-14251	186	53	jumps	jump	VERB
cblr-14251	186	54	11	11	NUM
cblr-14251	186	55	%	%	NOUN
cblr-14251	186	56	to	to	ADP
cblr-14251	186	57	a	a	DET
cblr-14251	186	58	record	record	NOUN
cblr-14251	186	59	after	after	ADP
cblr-14251	186	60	announcing	announce	VERB
cblr-14251	186	61	move	move	NOUN
cblr-14251	186	62	to	to	ADP
cblr-14251	186	63	nasdaq	nasdaq	PROPN
cblr-14251	186	64	,	,	PUNCT
cblr-14251	186	65	cnbc	cnbc	PROPN
cblr-14251	186	66	(	(	PUNCT
cblr-14251	186	67	nov	nov	PROPN
cblr-14251	186	68	.	.	PROPN
cblr-14251	186	69	15	15	NUM
cblr-14251	186	70	,	,	PUNCT
cblr-14251	186	71	2024	2024	NUM
cblr-14251	186	72	)	)	PUNCT
cblr-14251	186	73	,	,	PUNCT
cblr-14251	186	74	https://www.cnbc.com/2024/11/15/palantir-jumps9percent-to-a-record-after-announcing-move-to-nasdaq.html	https://www.cnbc.com/2024/11/15/palantir-jumps9percent-to-a-record-after-announcing-move-to-nasdaq.html	VERB
cblr-14251	187	1	[	[	X
cblr-14251	187	2	https://perma.cc/6zhpz6u2	https://perma.cc/6zhpz6u2	X
cblr-14251	187	3	]	]	X
cblr-14251	187	4	.	.	PUNCT
cblr-14251	188	1	48	48	NUM
cblr-14251	188	2	see	see	VERB
cblr-14251	188	3	luke	luke	PROPN
cblr-14251	188	4	kawa	kawa	PROPN
cblr-14251	188	5	,	,	PUNCT
cblr-14251	188	6	tweet	tweet	NOUN
cblr-14251	188	7	from	from	ADP
cblr-14251	188	8	palantir	palantir	PROPN
cblr-14251	188	9	board	board	PROPN
cblr-14251	188	10	member	member	PROPN
cblr-14251	188	11	’s	’s	PART
cblr-14251	188	12	account	account	NOUN
cblr-14251	188	13	says	say	VERB
cblr-14251	188	14	move	move	VERB
cblr-14251	188	15	to	to	ADP
cblr-14251	188	16	nasdaq	nasdaq	PROPN
cblr-14251	188	17	“	"	PUNCT
cblr-14251	188	18	to	to	PART
cblr-14251	188	19	force	force	VERB
cblr-14251	188	20	billions	billion	NOUN
cblr-14251	188	21	in	in	ADP
cblr-14251	188	22	etf	etf	NOUN
cblr-14251	188	23	buying	buying	NOUN
cblr-14251	188	24	”	"	PUNCT
cblr-14251	188	25	and	and	CCONJ
cblr-14251	188	26	reward	reward	VERB
cblr-14251	188	27	investors	investor	NOUN
cblr-14251	188	28	,	,	PUNCT
cblr-14251	188	29	sherwood	sherwood	PROPN
cblr-14251	188	30	(	(	PUNCT
cblr-14251	188	31	nov	nov	PROPN
cblr-14251	188	32	.	.	PROPN
cblr-14251	188	33	15	15	NUM
cblr-14251	188	34	,	,	PUNCT
cblr-14251	188	35	2024	2024	NUM
cblr-14251	188	36	)	)	PUNCT
cblr-14251	188	37	,	,	PUNCT
cblr-14251	188	38	https://sherwood.news/markets/palantir-board-member-tweet-nasdaq-etfbuying-move/	https://sherwood.news/markets/palantir-board-member-tweet-nasdaq-etfbuying-move/	PROPN
cblr-14251	189	1	[	[	X
cblr-14251	189	2	https://perma.cc/8c9t-2utx	https://perma.cc/8c9t-2utx	PROPN
cblr-14251	189	3	]	]	PUNCT
cblr-14251	189	4	.	.	PUNCT
cblr-14251	190	1	49	49	NUM
cblr-14251	191	1	i	i	PRON
cblr-14251	191	2	d.	d.	PROPN
cblr-14251	191	3	(	(	PUNCT
cblr-14251	191	4	calling	call	VERB
cblr-14251	191	5	palantir	palantir	VERB
cblr-14251	191	6	a	a	DET
cblr-14251	191	7	“	"	PUNCT
cblr-14251	191	8	retail	retail	ADJ
cblr-14251	191	9	darling	darling	NOUN
cblr-14251	191	10	”	"	PUNCT
cblr-14251	191	11	and	and	CCONJ
cblr-14251	191	12	describing	describe	VERB
cblr-14251	191	13	“	"	PUNCT
cblr-14251	191	14	tendies	tendie	NOUN
cblr-14251	191	15	”	"	PUNCT
cblr-14251	191	16	as	as	ADP
cblr-14251	191	17	“	"	PUNCT
cblr-14251	191	18	chicken	chicken	NOUN
cblr-14251	191	19	tenders	tender	NOUN
cblr-14251	191	20	,	,	PUNCT
cblr-14251	191	21	the	the	PRON
cblr-14251	191	22	treat	treat	VERB
cblr-14251	191	23	an	an	DET
cblr-14251	191	24	overgrown	overgrown	ADJ
cblr-14251	191	25	man	man	NOUN
cblr-14251	191	26	-	-	PUNCT
cblr-14251	191	27	child	child	NOUN
cblr-14251	191	28	receives	receive	VERB
cblr-14251	191	29	for	for	ADP
cblr-14251	191	30	being	be	AUX
cblr-14251	191	31	a	a	DET
cblr-14251	191	32	‘	'	PUNCT
cblr-14251	191	33	good	good	ADJ
cblr-14251	191	34	boy	boy	NOUN
cblr-14251	191	35	.	.	PUNCT
cblr-14251	191	36	’	'	PUNCT
cblr-14251	192	1	figuratively	figuratively	ADV
cblr-14251	192	2	speaking	speak	VERB
cblr-14251	192	3	,	,	PUNCT
cblr-14251	192	4	tendies	tendie	NOUN
cblr-14251	192	5	are	be	AUX
cblr-14251	192	6	the	the	DET
cblr-14251	192	7	financial	financial	ADJ
cblr-14251	192	8	rewards	reward	NOUN
cblr-14251	192	9	that	that	PRON
cblr-14251	192	10	follow	follow	VERB
cblr-14251	192	11	from	from	ADP
cblr-14251	192	12	a	a	DET
cblr-14251	192	13	successful	successful	ADJ
cblr-14251	192	14	bold	bold	ADJ
cblr-14251	192	15	wager	wager	NOUN
cblr-14251	192	16	”	"	PUNCT
cblr-14251	192	17	)	)	PUNCT
cblr-14251	192	18	.	.	PUNCT
cblr-14251	193	1	“	"	PUNCT
cblr-14251	193	2	diamond	diamond	NOUN
cblr-14251	193	3	hands	hand	NOUN
cblr-14251	193	4	”	"	PUNCT
cblr-14251	193	5	refers	refer	VERB
cblr-14251	193	6	to	to	ADP
cblr-14251	193	7	retail	retail	ADJ
cblr-14251	193	8	investors	investor	NOUN
cblr-14251	193	9	who	who	PRON
cblr-14251	193	10	hold	hold	VERB
cblr-14251	193	11	stock	stock	NOUN
cblr-14251	193	12	persistently	persistently	ADV
cblr-14251	193	13	despite	despite	SCONJ
cblr-14251	193	14	high	high	ADJ
cblr-14251	193	15	volatility	volatility	NOUN
cblr-14251	193	16	or	or	CCONJ
cblr-14251	193	17	other	other	ADJ
cblr-14251	193	18	rational	rational	ADJ
cblr-14251	193	19	reasons	reason	NOUN
cblr-14251	193	20	to	to	PART
cblr-14251	193	21	sell	sell	VERB
cblr-14251	193	22	.	.	PUNCT
cblr-14251	194	1	see	see	VERB
cblr-14251	194	2	lyle	lyle	PROPN
cblr-14251	194	3	daly	daly	PROPN
cblr-14251	194	4	,	,	PUNCT
cblr-14251	194	5	what	what	PRON
cblr-14251	194	6	does	do	AUX
cblr-14251	194	7	diamond	diamond	NOUN
cblr-14251	194	8	hands	hand	NOUN
cblr-14251	194	9	mean	mean	VERB
cblr-14251	194	10	?	?	PUNCT
cblr-14251	194	11	,	,	PUNCT
cblr-14251	194	12	the	the	DET
cblr-14251	194	13	motley	motley	ADJ
cblr-14251	194	14	fool	fool	NOUN
cblr-14251	194	15	(	(	PUNCT
cblr-14251	194	16	june	june	PROPN
cblr-14251	194	17	18	18	NUM
cblr-14251	194	18	,	,	PUNCT
cblr-14251	194	19	2024	2024	NUM
cblr-14251	194	20	)	)	PUNCT
cblr-14251	194	21	,	,	PUNCT
cblr-14251	194	22	https://www.fool.com/terms/d/diamondhands/.	https://www.fool.com/terms/d/diamondhands/.	PROPN
cblr-14251	194	23	other	other	ADJ
cblr-14251	194	24	examples	example	NOUN
cblr-14251	194	25	of	of	ADP
cblr-14251	194	26	corporations	corporation	NOUN
cblr-14251	194	27	deliberately	deliberately	ADV
cblr-14251	194	28	leaning	lean	VERB
cblr-14251	194	29	into	into	ADP
cblr-14251	194	30	the	the	DET
cblr-14251	194	31	retail	retail	ADJ
cblr-14251	194	32	premium	premium	NOUN
cblr-14251	194	33	include	include	VERB
cblr-14251	194	34	adam	adam	PROPN
cblr-14251	194	35	aron	aron	PROPN
cblr-14251	194	36	,	,	PUNCT
cblr-14251	194	37	the	the	DET
cblr-14251	194	38	ceo	ceo	NOUN
cblr-14251	194	39	of	of	ADP
cblr-14251	194	40	amcs	amcs	NOUN
cblr-14251	194	41	purchasing	purchase	VERB
cblr-14251	194	42	a	a	DET
cblr-14251	194	43	gold	gold	NOUN
cblr-14251	194	44	mine	mine	NOUN
cblr-14251	194	45	,	,	PUNCT
cblr-14251	194	46	conducting	conduct	VERB
cblr-14251	194	47	interviews	interview	NOUN
cblr-14251	194	48	without	without	ADP
cblr-14251	194	49	wearing	wear	VERB
cblr-14251	194	50	pants	pant	NOUN
cblr-14251	194	51	,	,	PUNCT
cblr-14251	194	52	and	and	CCONJ
cblr-14251	194	53	giving	give	VERB
cblr-14251	194	54	out	out	ADP
cblr-14251	194	55	free	free	ADJ
cblr-14251	194	56	popcorn	popcorn	NOUN
cblr-14251	194	57	to	to	ADP
cblr-14251	194	58	shareholders	shareholder	NOUN
cblr-14251	194	59	.	.	PUNCT
cblr-14251	195	1	see	see	VERB
cblr-14251	195	2	matt	matt	PROPN
cblr-14251	195	3	levine	levine	PROPN
cblr-14251	195	4	,	,	PUNCT
cblr-14251	195	5	palantir	palantir	NOUN
cblr-14251	195	6	delivers	deliver	VERB
cblr-14251	195	7	the	the	DET
cblr-14251	195	8	tendies	tendie	NOUN
cblr-14251	195	9	,	,	PUNCT
cblr-14251	195	10	bloomberg	bloomberg	PROPN
cblr-14251	195	11	(	(	PUNCT
cblr-14251	195	12	nov	nov	PROPN
cblr-14251	195	13	.	.	PROPN
cblr-14251	195	14	18	18	NUM
cblr-14251	195	15	,	,	PUNCT
cblr-14251	195	16	2024	2024	NUM
cblr-14251	195	17	)	)	PUNCT
cblr-14251	195	18	,	,	PUNCT
cblr-14251	195	19	https://www.bloomberg.com/opinion/articles/2024-11-18/palantir-delivers-thetendies	https://www.bloomberg.com/opinion/articles/2024-11-18/palantir-delivers-thetendie	NOUN
cblr-14251	195	20	.	.	PUNCT
cblr-14251	195	21	240	240	NUM
cblr-14251	195	22	columbia	columbia	PROPN
cblr-14251	195	23	business	business	NOUN
cblr-14251	195	24	law	law	PROPN
cblr-14251	195	25	review	review	NOUN
cblr-14251	196	1	[	[	X
cblr-14251	196	2	vol	vol	NOUN
cblr-14251	196	3	.	.	PUNCT
cblr-14251	196	4	2025	2025	NUM
cblr-14251	196	5	powerful	powerful	ADJ
cblr-14251	196	6	voices	voice	NOUN
cblr-14251	196	7	can	can	AUX
cblr-14251	196	8	directly	directly	ADV
cblr-14251	196	9	shape	shape	VERB
cblr-14251	196	10	investor	investor	NOUN
cblr-14251	196	11	demand	demand	NOUN
cblr-14251	196	12	.	.	PUNCT
cblr-14251	197	1	related	relate	VERB
cblr-14251	197	2	to	to	ADP
cblr-14251	197	3	the	the	DET
cblr-14251	197	4	rise	rise	NOUN
cblr-14251	197	5	of	of	ADP
cblr-14251	197	6	retail	retail	ADJ
cblr-14251	197	7	trading	trading	NOUN
cblr-14251	197	8	is	be	AUX
cblr-14251	197	9	the	the	DET
cblr-14251	197	10	significant	significant	ADJ
cblr-14251	197	11	influence	influence	NOUN
cblr-14251	197	12	exerted	exert	VERB
cblr-14251	197	13	by	by	ADP
cblr-14251	197	14	certain	certain	ADJ
cblr-14251	197	15	persons	person	NOUN
cblr-14251	197	16	on	on	ADP
cblr-14251	197	17	social	social	ADJ
cblr-14251	197	18	media	medium	NOUN
cblr-14251	197	19	who	who	PRON
cblr-14251	197	20	can	can	AUX
cblr-14251	197	21	help	help	VERB
cblr-14251	197	22	create	create	VERB
cblr-14251	197	23	markets	market	NOUN
cblr-14251	197	24	for	for	ADP
cblr-14251	197	25	individual	individual	ADJ
cblr-14251	197	26	stocks	stock	NOUN
cblr-14251	197	27	—	—	PUNCT
cblr-14251	197	28	because	because	SCONJ
cblr-14251	197	29	they	they	PRON
cblr-14251	197	30	can	can	AUX
cblr-14251	197	31	drum	drum	VERB
cblr-14251	197	32	up	up	ADP
cblr-14251	197	33	demand	demand	NOUN
cblr-14251	197	34	.	.	PUNCT
cblr-14251	198	1	in	in	ADP
cblr-14251	198	2	previous	previous	ADJ
cblr-14251	198	3	work	work	NOUN
cblr-14251	198	4	,	,	PUNCT
cblr-14251	198	5	i	i	PRON
cblr-14251	198	6	have	have	AUX
cblr-14251	198	7	called	call	VERB
cblr-14251	198	8	these	these	DET
cblr-14251	198	9	persons	person	NOUN
cblr-14251	198	10	“	"	PUNCT
cblr-14251	198	11	finfluencers	finfluencer	NOUN
cblr-14251	198	12	,	,	PUNCT
cblr-14251	198	13	”	"	PUNCT
cblr-14251	198	14	social	social	ADJ
cblr-14251	198	15	media	medium	NOUN
cblr-14251	198	16	influencers	influencer	NOUN
cblr-14251	198	17	who	who	PRON
cblr-14251	198	18	disseminate	disseminate	VERB
cblr-14251	198	19	financial	financial	ADJ
cblr-14251	198	20	information	information	NOUN
cblr-14251	198	21	,	,	PUNCT
cblr-14251	198	22	and	and	CCONJ
cblr-14251	198	23	i	i	PRON
cblr-14251	198	24	have	have	AUX
cblr-14251	198	25	offered	offer	VERB
cblr-14251	198	26	a	a	DET
cblr-14251	198	27	framework	framework	NOUN
cblr-14251	198	28	to	to	PART
cblr-14251	198	29	explain	explain	VERB
cblr-14251	198	30	their	their	PRON
cblr-14251	198	31	impact	impact	NOUN
cblr-14251	198	32	on	on	ADP
cblr-14251	198	33	price	price	NOUN
cblr-14251	198	34	discovery	discovery	NOUN
cblr-14251	198	35	and	and	CCONJ
cblr-14251	198	36	stock	stock	NOUN
cblr-14251	198	37	markets.50	markets.50	PROPN
cblr-14251	198	38	three	three	NUM
cblr-14251	198	39	examples	example	NOUN
cblr-14251	198	40	of	of	ADP
cblr-14251	198	41	the	the	DET
cblr-14251	198	42	interaction	interaction	NOUN
cblr-14251	198	43	between	between	ADP
cblr-14251	198	44	finfluencer	finfluencer	NOUN
cblr-14251	198	45	-	-	PUNCT
cblr-14251	198	46	driven	drive	VERB
cblr-14251	198	47	demand	demand	NOUN
cblr-14251	198	48	and	and	CCONJ
cblr-14251	198	49	stock	stock	NOUN
cblr-14251	198	50	prices	price	NOUN
cblr-14251	198	51	are	be	AUX
cblr-14251	198	52	described	describe	VERB
cblr-14251	198	53	below	below	ADP
cblr-14251	199	1	:	:	PUNCT
cblr-14251	199	2	1	1	X
cblr-14251	199	3	.	.	X
cblr-14251	199	4	ryan	ryan	PROPN
cblr-14251	199	5	cohen	cohen	PROPN
cblr-14251	199	6	.	.	PUNCT
cblr-14251	200	1	ryan	ryan	PROPN
cblr-14251	200	2	cohen	cohen	PROPN
cblr-14251	200	3	,	,	PUNCT
cblr-14251	200	4	chair	chair	NOUN
cblr-14251	200	5	of	of	ADP
cblr-14251	200	6	gamestop	gamestop	PROPN
cblr-14251	200	7	’s	’s	PART
cblr-14251	200	8	board	board	NOUN
cblr-14251	200	9	and	and	CCONJ
cblr-14251	200	10	founder	founder	NOUN
cblr-14251	200	11	of	of	ADP
cblr-14251	200	12	chewy.com	chewy.com	X
cblr-14251	200	13	,	,	PUNCT
cblr-14251	200	14	is	be	AUX
cblr-14251	200	15	a	a	DET
cblr-14251	200	16	powerful	powerful	ADJ
cblr-14251	200	17	finfluencer	finfluencer	NOUN
cblr-14251	200	18	.	.	PUNCT
cblr-14251	201	1	cohen	cohen	PROPN
cblr-14251	201	2	’s	’s	PART
cblr-14251	201	3	followers	follower	NOUN
cblr-14251	201	4	call	call	VERB
cblr-14251	201	5	him	he	PRON
cblr-14251	201	6	“	"	PUNCT
cblr-14251	201	7	papa	papa	NOUN
cblr-14251	201	8	cohen,”51	cohen,”51	NOUN
cblr-14251	201	9	he	he	PRON
cblr-14251	201	10	has	have	AUX
cblr-14251	201	11	been	be	AUX
cblr-14251	201	12	referred	refer	VERB
cblr-14251	201	13	to	to	ADP
cblr-14251	201	14	as	as	ADP
cblr-14251	201	15	a	a	DET
cblr-14251	201	16	“	"	PUNCT
cblr-14251	201	17	meme	meme	NOUN
cblr-14251	201	18	stock	stock	NOUN
cblr-14251	201	19	king,”52	king,”52	PROPN
cblr-14251	201	20	and	and	CCONJ
cblr-14251	201	21	his	his	PRON
cblr-14251	201	22	nearly	nearly	ADV
cblr-14251	201	23	400,000	400,000	NUM
cblr-14251	201	24	followers	follower	NOUN
cblr-14251	201	25	seek	seek	VERB
cblr-14251	201	26	to	to	PART
cblr-14251	201	27	mine	mine	VERB
cblr-14251	201	28	hidden	hide	VERB
cblr-14251	201	29	information	information	NOUN
cblr-14251	201	30	from	from	ADP
cblr-14251	201	31	his	his	PRON
cblr-14251	201	32	social	social	ADJ
cblr-14251	201	33	media	medium	NOUN
cblr-14251	201	34	activity	activity	NOUN
cblr-14251	201	35	regarding	regard	VERB
cblr-14251	201	36	stock	stock	NOUN
cblr-14251	201	37	price	price	NOUN
cblr-14251	201	38	movements	movement	NOUN
cblr-14251	201	39	and	and	CCONJ
cblr-14251	201	40	future	future	ADJ
cblr-14251	201	41	corporate	corporate	ADJ
cblr-14251	201	42	decisions.53	decisions.53	NOUN
cblr-14251	201	43	on	on	ADP
cblr-14251	201	44	august	august	PROPN
cblr-14251	201	45	12	12	NUM
cblr-14251	201	46	,	,	PUNCT
cblr-14251	201	47	2022	2022	NUM
cblr-14251	201	48	,	,	PUNCT
cblr-14251	201	49	after	after	SCONJ
cblr-14251	201	50	cnbc	cnbc	PROPN
cblr-14251	201	51	tweeted	tweet	VERB
cblr-14251	201	52	a	a	DET
cblr-14251	201	53	story	story	NOUN
cblr-14251	201	54	50	50	NUM
cblr-14251	201	55	for	for	ADP
cblr-14251	201	56	a	a	DET
cblr-14251	201	57	framework	framework	NOUN
cblr-14251	201	58	to	to	PART
cblr-14251	201	59	explain	explain	VERB
cblr-14251	201	60	finfluencers	finfluencer	NOUN
cblr-14251	201	61	’	’	PART
cblr-14251	201	62	impact	impact	NOUN
cblr-14251	201	63	on	on	ADP
cblr-14251	201	64	price	price	NOUN
cblr-14251	201	65	discovery	discovery	NOUN
cblr-14251	201	66	and	and	CCONJ
cblr-14251	201	67	stock	stock	NOUN
cblr-14251	201	68	markets	market	NOUN
cblr-14251	201	69	,	,	PUNCT
cblr-14251	201	70	see	see	VERB
cblr-14251	201	71	sue	sue	PROPN
cblr-14251	201	72	s.	s.	PROPN
cblr-14251	201	73	guan	guan	PROPN
cblr-14251	201	74	,	,	PUNCT
cblr-14251	201	75	the	the	DET
cblr-14251	201	76	rise	rise	NOUN
cblr-14251	201	77	of	of	ADP
cblr-14251	201	78	the	the	DET
cblr-14251	201	79	finfluencer	finfluencer	NOUN
cblr-14251	201	80	,	,	PUNCT
cblr-14251	201	81	19	19	NUM
cblr-14251	201	82	n.y.u	n.y.u	NOUN
cblr-14251	201	83	.	.	PUNCT
cblr-14251	202	1	j.l	j.l	PROPN
cblr-14251	202	2	.	.	PROPN
cblr-14251	202	3	&	&	CCONJ
cblr-14251	202	4	bus	bus	PROPN
cblr-14251	202	5	.	.	PUNCT
cblr-14251	203	1	489	489	NUM
cblr-14251	203	2	(	(	PUNCT
cblr-14251	203	3	2023	2023	NUM
cblr-14251	203	4	)	)	PUNCT
cblr-14251	203	5	.	.	PUNCT
cblr-14251	204	1	various	various	ADJ
cblr-14251	204	2	types	type	NOUN
cblr-14251	204	3	of	of	ADP
cblr-14251	204	4	finfluencers	finfluencer	NOUN
cblr-14251	204	5	pervade	pervade	VERB
cblr-14251	204	6	today	today	NOUN
cblr-14251	204	7	’s	’s	PART
cblr-14251	204	8	markets	market	NOUN
cblr-14251	204	9	,	,	PUNCT
cblr-14251	204	10	including	include	VERB
cblr-14251	204	11	celebrities	celebrity	NOUN
cblr-14251	204	12	(	(	PUNCT
cblr-14251	204	13	e.g.	e.g.	ADV
cblr-14251	204	14	,	,	PUNCT
cblr-14251	204	15	kim	kim	PROPN
cblr-14251	204	16	kardashian	kardashian	PROPN
cblr-14251	204	17	)	)	PUNCT
cblr-14251	204	18	,	,	PUNCT
cblr-14251	204	19	corporate	corporate	ADJ
cblr-14251	204	20	personalities	personality	NOUN
cblr-14251	204	21	(	(	PUNCT
cblr-14251	204	22	e.g.	e.g.	ADV
cblr-14251	204	23	,	,	PUNCT
cblr-14251	204	24	elon	elon	PROPN
cblr-14251	204	25	musk	musk	PROPN
cblr-14251	204	26	or	or	CCONJ
cblr-14251	204	27	ryan	ryan	PROPN
cblr-14251	204	28	cohen	cohen	PROPN
cblr-14251	204	29	)	)	PUNCT
cblr-14251	204	30	,	,	PUNCT
cblr-14251	204	31	and	and	CCONJ
cblr-14251	204	32	ordinary	ordinary	ADJ
cblr-14251	204	33	investors	investor	NOUN
cblr-14251	204	34	who	who	PRON
cblr-14251	204	35	cultivate	cultivate	VERB
cblr-14251	204	36	social	social	ADJ
cblr-14251	204	37	media	medium	NOUN
cblr-14251	204	38	followings	following	NOUN
cblr-14251	204	39	on	on	ADP
cblr-14251	204	40	youtube	youtube	NOUN
cblr-14251	204	41	,	,	PUNCT
cblr-14251	204	42	tiktok	tiktok	ADJ
cblr-14251	204	43	,	,	PUNCT
cblr-14251	204	44	and	and	CCONJ
cblr-14251	204	45	other	other	ADJ
cblr-14251	204	46	platforms	platform	NOUN
cblr-14251	204	47	.	.	PUNCT
cblr-14251	205	1	see	see	VERB
cblr-14251	205	2	i	i	PRON
cblr-14251	205	3	d.	d.	PROPN
cblr-14251	205	4	at	at	ADP
cblr-14251	205	5	497–508	497–508	NUM
cblr-14251	205	6	.	.	PUNCT
cblr-14251	206	1	51	51	NUM
cblr-14251	206	2	caitlin	caitlin	PROPN
cblr-14251	206	3	mccabe	mccabe	PROPN
cblr-14251	206	4	,	,	PUNCT
cblr-14251	206	5	the	the	DET
cblr-14251	206	6	meme	meme	NOUN
cblr-14251	206	7	lords	lord	NOUN
cblr-14251	206	8	who	who	PRON
cblr-14251	206	9	are	be	AUX
cblr-14251	206	10	taking	take	VERB
cblr-14251	206	11	over	over	ADP
cblr-14251	206	12	the	the	DET
cblr-14251	206	13	c	c	NOUN
cblr-14251	206	14	-	-	PUNCT
cblr-14251	206	15	suite	suite	NOUN
cblr-14251	206	16	,	,	PUNCT
cblr-14251	206	17	wall	wall	PROPN
cblr-14251	206	18	st	st	PROPN
cblr-14251	206	19	.	.	PROPN
cblr-14251	206	20	j.	j.	PROPN
cblr-14251	206	21	(	(	PUNCT
cblr-14251	206	22	aug	aug	PROPN
cblr-14251	206	23	.	.	PROPN
cblr-14251	206	24	27	27	NUM
cblr-14251	206	25	,	,	PUNCT
cblr-14251	206	26	2021	2021	NUM
cblr-14251	206	27	,	,	PUNCT
cblr-14251	206	28	5:30	5:30	NUM
cblr-14251	206	29	am	am	NOUN
cblr-14251	206	30	)	)	PUNCT
cblr-14251	206	31	,	,	PUNCT
cblr-14251	206	32	https://www.wsj.com/articles/the-meme-lords-who-aretaking-over-the-c-suite-11630056603	https://www.wsj.com/articles/the-meme-lords-who-aretaking-over-the-c-suite-11630056603	VERB
cblr-14251	206	33	[	[	X
cblr-14251	206	34	https://perma.cc/c95e-9rc9	https://perma.cc/c95e-9rc9	NOUN
cblr-14251	206	35	]	]	X
cblr-14251	206	36	.	.	PUNCT
cblr-14251	207	1	52	52	NUM
cblr-14251	207	2	see	see	VERB
cblr-14251	207	3	miriam	miriam	PROPN
cblr-14251	207	4	gottfried	gottfried	PROPN
cblr-14251	207	5	&	&	CCONJ
cblr-14251	207	6	caitlin	caitlin	PROPN
cblr-14251	207	7	mccabe	mccabe	PROPN
cblr-14251	207	8	,	,	PUNCT
cblr-14251	207	9	gamestop	gamestop	PROPN
cblr-14251	207	10	’s	’s	PART
cblr-14251	207	11	ryan	ryan	PROPN
cblr-14251	207	12	cohen	cohen	PROPN
cblr-14251	207	13	wants	want	VERB
cblr-14251	207	14	to	to	PART
cblr-14251	207	15	be	be	AUX
cblr-14251	207	16	more	more	ADJ
cblr-14251	207	17	than	than	ADP
cblr-14251	207	18	a	a	DET
cblr-14251	207	19	meme	meme	NOUN
cblr-14251	207	20	-	-	PUNCT
cblr-14251	207	21	stock	stock	NOUN
cblr-14251	207	22	king	king	NOUN
cblr-14251	207	23	,	,	PUNCT
cblr-14251	208	1	wall	wall	PROPN
cblr-14251	208	2	st	st	PROPN
cblr-14251	208	3	.	.	PROPN
cblr-14251	208	4	j.	j.	PROPN
cblr-14251	208	5	(	(	PUNCT
cblr-14251	208	6	nov	nov	PROPN
cblr-14251	208	7	.	.	PROPN
cblr-14251	208	8	19	19	NUM
cblr-14251	208	9	,	,	PUNCT
cblr-14251	208	10	2022	2022	NUM
cblr-14251	208	11	,	,	PUNCT
cblr-14251	208	12	12:00	12:00	NUM
cblr-14251	208	13	am	am	NOUN
cblr-14251	208	14	)	)	PUNCT
cblr-14251	208	15	,	,	PUNCT
cblr-14251	208	16	https://www.wsj.com/articles/gamestops-ryan-cohen-wants-to-be-more-than-a-memestock-king-11668834015	https://www.wsj.com/articles/gamestops-ryan-cohen-wants-to-be-more-than-a-memestock-king-11668834015	PROPN
cblr-14251	209	1	[	[	X
cblr-14251	209	2	https://perma.cc/6m2r-grjq	https://perma.cc/6m2r-grjq	PROPN
cblr-14251	209	3	]	]	X
cblr-14251	209	4	;	;	PUNCT
cblr-14251	209	5	amanda	amanda	PROPN
cblr-14251	209	6	winograd	winograd	PROPN
cblr-14251	209	7	,	,	PUNCT
cblr-14251	209	8	how	how	SCONJ
cblr-14251	209	9	gamestop	gamestop	NOUN
cblr-14251	209	10	’s	’s	PART
cblr-14251	209	11	ryan	ryan	PROPN
cblr-14251	209	12	cohen	cohen	PROPN
cblr-14251	209	13	became	become	VERB
cblr-14251	209	14	the	the	DET
cblr-14251	209	15	‘	'	PUNCT
cblr-14251	209	16	meme	meme	NOUN
cblr-14251	209	17	king	king	NOUN
cblr-14251	209	18	’	'	PUNCT
cblr-14251	209	19	,	,	PUNCT
cblr-14251	209	20	cnbc	cnbc	PROPN
cblr-14251	209	21	(	(	PUNCT
cblr-14251	209	22	sep	sep	PROPN
cblr-14251	209	23	.	.	PROPN
cblr-14251	209	24	28	28	NUM
cblr-14251	209	25	,	,	PUNCT
cblr-14251	209	26	2023	2023	NUM
cblr-14251	209	27	)	)	PUNCT
cblr-14251	209	28	,	,	PUNCT
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cblr-14251	209	30	[	[	X
cblr-14251	209	31	https://perma.cc/6m8x-hynj	https://perma.cc/6m8x-hynj	X
cblr-14251	209	32	]	]	X
cblr-14251	209	33	.	.	PUNCT
cblr-14251	210	1	53	53	NUM
cblr-14251	210	2	see	see	VERB
cblr-14251	210	3	mccabe	mccabe	NOUN
cblr-14251	210	4	,	,	PUNCT
cblr-14251	210	5	supra	supra	PROPN
cblr-14251	210	6	note	note	NOUN
cblr-14251	210	7	51	51	NUM
cblr-14251	210	8	;	;	PUNCT
cblr-14251	210	9	gottfried	gottfried	PROPN
cblr-14251	210	10	&	&	CCONJ
cblr-14251	210	11	mccabe	mccabe	PROPN
cblr-14251	210	12	,	,	PUNCT
cblr-14251	210	13	supra	supra	PROPN
cblr-14251	210	14	note	note	NOUN
cblr-14251	210	15	52	52	NUM
cblr-14251	210	16	(	(	PUNCT
cblr-14251	210	17	noting	note	VERB
cblr-14251	210	18	many	many	ADJ
cblr-14251	210	19	investors	investor	NOUN
cblr-14251	210	20	search	search	VERB
cblr-14251	210	21	for	for	ADP
cblr-14251	210	22	clues	clue	NOUN
cblr-14251	210	23	in	in	ADP
cblr-14251	210	24	cohen	cohen	PROPN
cblr-14251	210	25	’s	’s	PART
cblr-14251	210	26	social	social	ADJ
cblr-14251	210	27	media	medium	NOUN
cblr-14251	210	28	posts	post	NOUN
cblr-14251	210	29	for	for	ADP
cblr-14251	210	30	future	future	ADJ
cblr-14251	210	31	stock	stock	NOUN
cblr-14251	210	32	price	price	NOUN
cblr-14251	210	33	indications	indication	NOUN
cblr-14251	210	34	)	)	PUNCT
cblr-14251	210	35	;	;	PUNCT
cblr-14251	210	36	joe	joe	PROPN
cblr-14251	210	37	fonicello	fonicello	PROPN
cblr-14251	210	38	,	,	PUNCT
cblr-14251	210	39	ryan	ryan	PROPN
cblr-14251	210	40	cohen	cohen	PROPN
cblr-14251	210	41	splits	split	VERB
cblr-14251	210	42	chopsticks	chopstick	NOUN
cblr-14251	210	43	2:1	2:1	NUM
cblr-14251	210	44	;	;	PUNCT
cblr-14251	210	45	pg-13	pg-13	NUM
cblr-14251	210	46	,	,	PUNCT
cblr-14251	210	47	gme’dd	gme’dd	ADJ
cblr-14251	210	48	(	(	PUNCT
cblr-14251	210	49	july	july	PROPN
cblr-14251	210	50	20	20	NUM
cblr-14251	210	51	,	,	PUNCT
cblr-14251	210	52	2021	2021	NUM
cblr-14251	210	53	)	)	PUNCT
cblr-14251	210	54	,	,	PUNCT
cblr-14251	211	1	https://www.gmedd.com/tw/ryan-cohen-splits-chopsticks-21-pg-13/	https://www.gmedd.com/tw/ryan-cohen-splits-chopsticks-21-pg-13/	PROPN
cblr-14251	211	2	[	[	X
cblr-14251	211	3	https://perma.cc/x6fj-8gau	https://perma.cc/x6fj-8gau	NOUN
cblr-14251	211	4	]	]	PUNCT
cblr-14251	211	5	(	(	PUNCT
cblr-14251	211	6	“	"	PUNCT
cblr-14251	211	7	speculative	speculative	ADJ
cblr-14251	211	8	investors	investor	NOUN
cblr-14251	211	9	were	be	AUX
cblr-14251	211	10	quick	quick	ADJ
cblr-14251	211	11	to	to	PART
cblr-14251	211	12	draw	draw	VERB
cblr-14251	211	13	assumptions	assumption	NOUN
cblr-14251	211	14	as	as	ADP
cblr-14251	211	15	to	to	ADP
cblr-14251	211	16	what	what	PRON
cblr-14251	211	17	a	a	DET
cblr-14251	211	18	deeper	deep	ADJ
cblr-14251	211	19	meaning	meaning	NOUN
cblr-14251	211	20	of	of	ADP
cblr-14251	211	21	the	the	DET
cblr-14251	211	22	tweet	tweet	NOUN
cblr-14251	211	23	could	could	AUX
cblr-14251	211	24	entail	entail	VERB
cblr-14251	211	25	,	,	PUNCT
cblr-14251	211	26	largely	largely	ADV
cblr-14251	211	27	rooted	root	VERB
cblr-14251	211	28	in	in	ADP
cblr-14251	211	29	the	the	DET
cblr-14251	211	30	odd	odd	ADJ
cblr-14251	211	31	text	text	NOUN
cblr-14251	211	32	and	and	CCONJ
cblr-14251	211	33	the	the	DET
cblr-14251	211	34	split	split	ADJ
cblr-14251	211	35	chopsticks	chopstick	NOUN
cblr-14251	211	36	.	.	PUNCT
cblr-14251	211	37	”	"	PUNCT
cblr-14251	211	38	)	)	PUNCT
cblr-14251	211	39	.	.	PUNCT
cblr-14251	212	1	no	no	INTJ
cblr-14251	212	2	.	.	NOUN
cblr-14251	212	3	1	1	NUM
cblr-14251	212	4	]	]	PUNCT
cblr-14251	212	5	securities	security	NOUN
cblr-14251	212	6	fraud	fraud	NOUN
cblr-14251	212	7	and	and	CCONJ
cblr-14251	212	8	the	the	DET
cblr-14251	212	9	market	market	NOUN
cblr-14251	212	10	for	for	ADP
cblr-14251	212	11	individual	individual	ADJ
cblr-14251	212	12	stocks	stock	NOUN
cblr-14251	212	13	241	241	NUM
cblr-14251	212	14	about	about	ADP
cblr-14251	212	15	bed	bed	NOUN
cblr-14251	212	16	bath	bath	NOUN
cblr-14251	212	17	&	&	CCONJ
cblr-14251	212	18	beyond	beyond	ADP
cblr-14251	212	19	’s	’s	PART
cblr-14251	212	20	poor	poor	ADJ
cblr-14251	212	21	financial	financial	ADJ
cblr-14251	212	22	prospects,54	prospects,54	NOUN
cblr-14251	212	23	including	include	VERB
cblr-14251	212	24	a	a	DET
cblr-14251	212	25	photograph	photograph	NOUN
cblr-14251	212	26	of	of	ADP
cblr-14251	212	27	a	a	DET
cblr-14251	212	28	woman	woman	NOUN
cblr-14251	212	29	with	with	ADP
cblr-14251	212	30	a	a	DET
cblr-14251	212	31	shopping	shopping	NOUN
cblr-14251	212	32	cart	cart	NOUN
cblr-14251	212	33	at	at	ADP
cblr-14251	212	34	bed	bed	NOUN
cblr-14251	212	35	bath	bath	NOUN
cblr-14251	212	36	&	&	CCONJ
cblr-14251	212	37	beyond	beyond	ADV
cblr-14251	212	38	,	,	PUNCT
cblr-14251	212	39	cohen	cohen	PROPN
cblr-14251	212	40	tweeted	tweet	VERB
cblr-14251	212	41	the	the	DET
cblr-14251	212	42	following	follow	VERB
cblr-14251	212	43	statement	statement	NOUN
cblr-14251	212	44	,	,	PUNCT
cblr-14251	212	45	which	which	PRON
cblr-14251	212	46	included	include	VERB
cblr-14251	212	47	a	a	DET
cblr-14251	212	48	smiling	smile	VERB
cblr-14251	212	49	moon	moon	NOUN
cblr-14251	212	50	emoji:55	emoji:55	NOUN
cblr-14251	212	51	on	on	ADP
cblr-14251	212	52	august	august	PROPN
cblr-14251	212	53	16	16	NUM
cblr-14251	212	54	,	,	PUNCT
cblr-14251	212	55	2022	2022	NUM
cblr-14251	212	56	,	,	PUNCT
cblr-14251	212	57	four	four	NUM
cblr-14251	212	58	days	day	NOUN
cblr-14251	212	59	later	later	ADV
cblr-14251	212	60	,	,	PUNCT
cblr-14251	212	61	cohen	cohen	PROPN
cblr-14251	212	62	filed	file	VERB
cblr-14251	212	63	a	a	DET
cblr-14251	212	64	schedule	schedule	NOUN
cblr-14251	212	65	13d	13d	NOUN
cblr-14251	212	66	with	with	ADP
cblr-14251	212	67	the	the	DET
cblr-14251	212	68	sec	sec	PROPN
cblr-14251	212	69	reiterating	reiterate	VERB
cblr-14251	212	70	his	his	PRON
cblr-14251	212	71	holdings	holding	NOUN
cblr-14251	212	72	in	in	ADP
cblr-14251	212	73	bed	bed	NOUN
cblr-14251	212	74	bath	bath	NOUN
cblr-14251	212	75	&	&	CCONJ
cblr-14251	212	76	beyond	beyond	ADV
cblr-14251	212	77	,	,	PUNCT
cblr-14251	212	78	including	include	VERB
cblr-14251	212	79	a	a	DET
cblr-14251	212	80	roughly	roughly	ADV
cblr-14251	212	81	10	10	NUM
cblr-14251	212	82	%	%	NOUN
cblr-14251	212	83	stake.56	stake.56	NOUN
cblr-14251	212	84	cohen	cohen	NOUN
cblr-14251	212	85	had	have	AUX
cblr-14251	212	86	previously	previously	ADV
cblr-14251	212	87	reported	report	VERB
cblr-14251	212	88	essentially	essentially	ADV
cblr-14251	212	89	this	this	DET
cblr-14251	212	90	same	same	ADJ
cblr-14251	212	91	position	position	NOUN
cblr-14251	212	92	in	in	ADP
cblr-14251	212	93	march	march	PROPN
cblr-14251	212	94	2022.57	2022.57	PROPN
cblr-14251	212	95	nevertheless	nevertheless	ADV
cblr-14251	212	96	,	,	PUNCT
cblr-14251	212	97	in	in	ADP
cblr-14251	212	98	response	response	NOUN
cblr-14251	212	99	,	,	PUNCT
cblr-14251	212	100	retail	retail	ADJ
cblr-14251	212	101	investors	investor	NOUN
cblr-14251	212	102	immediately	immediately	ADV
cblr-14251	212	103	bought	buy	VERB
cblr-14251	212	104	around	around	ADV
cblr-14251	212	105	$	$	SYM
cblr-14251	212	106	73	73	NUM
cblr-14251	212	107	million	million	NUM
cblr-14251	212	108	in	in	ADP
cblr-14251	212	109	bed	bed	NOUN
cblr-14251	212	110	bath	bath	NOUN
cblr-14251	212	111	&	&	CCONJ
cblr-14251	212	112	beyond	beyond	ADP
cblr-14251	212	113	,	,	PUNCT
cblr-14251	212	114	causing	cause	VERB
cblr-14251	212	115	its	its	PRON
cblr-14251	212	116	share	share	NOUN
cblr-14251	212	117	price	price	NOUN
cblr-14251	212	118	to	to	PART
cblr-14251	212	119	rise	rise	VERB
cblr-14251	212	120	nearly	nearly	ADV
cblr-14251	212	121	70%.58	70%.58	NUM
cblr-14251	212	122	that	that	DET
cblr-14251	212	123	same	same	ADJ
cblr-14251	212	124	day	day	NOUN
cblr-14251	212	125	,	,	PUNCT
cblr-14251	212	126	cohen	cohen	PROPN
cblr-14251	212	127	sold	sell	VERB
cblr-14251	212	128	his	his	PRON
cblr-14251	212	129	entire	entire	ADJ
cblr-14251	212	130	stake	stake	NOUN
cblr-14251	212	131	in	in	ADP
cblr-14251	212	132	bed	bed	NOUN
cblr-14251	212	133	bath	bath	NOUN
cblr-14251	212	134	&	&	CCONJ
cblr-14251	212	135	beyond	beyond	ADP
cblr-14251	212	136	,	,	PUNCT
cblr-14251	212	137	54	54	NUM
cblr-14251	212	138	cnbc	cnbc	PROPN
cblr-14251	212	139	(	(	PUNCT
cblr-14251	212	140	@cnbc	@cnbc	PROPN
cblr-14251	212	141	)	)	PUNCT
cblr-14251	212	142	,	,	PUNCT
cblr-14251	212	143	twitter	twitter	NOUN
cblr-14251	212	144	(	(	PUNCT
cblr-14251	212	145	aug	aug	PROPN
cblr-14251	212	146	.	.	PROPN
cblr-14251	212	147	12	12	NUM
cblr-14251	212	148	,	,	PUNCT
cblr-14251	212	149	2022	2022	NUM
cblr-14251	212	150	,	,	PUNCT
cblr-14251	212	151	7:04	7:04	NUM
cblr-14251	212	152	am	am	NOUN
cblr-14251	212	153	)	)	PUNCT
cblr-14251	212	154	,	,	PUNCT
cblr-14251	212	155	https://twitter.com/cnbc/status/1558046723053953025	https://twitter.com/cnbc/status/1558046723053953025	PUNCT
cblr-14251	212	156	[	[	X
cblr-14251	212	157	https://perma.cc/y26b-wj6h	https://perma.cc/y26b-wj6h	NOUN
cblr-14251	212	158	]	]	X
cblr-14251	212	159	.	.	PUNCT
cblr-14251	213	1	55ryan	55ryan	NUM
cblr-14251	213	2	cohen	cohen	NOUN
cblr-14251	213	3	(	(	PUNCT
cblr-14251	213	4	@ryancohen	@ryancohen	PROPN
cblr-14251	213	5	)	)	PUNCT
cblr-14251	213	6	,	,	PUNCT
cblr-14251	213	7	twitter	twitter	NOUN
cblr-14251	213	8	(	(	PUNCT
cblr-14251	213	9	aug	aug	PROPN
cblr-14251	213	10	.	.	PROPN
cblr-14251	213	11	12	12	NUM
cblr-14251	213	12	,	,	PUNCT
cblr-14251	213	13	2022	2022	NUM
cblr-14251	213	14	10:42	10:42	NUM
cblr-14251	213	15	am	am	NOUN
cblr-14251	213	16	)	)	PUNCT
cblr-14251	213	17	,	,	PUNCT
cblr-14251	213	18	https://twitter.com/ryancohen/status/1558101541453795329	https://twitter.com/ryancohen/status/1558101541453795329	X
cblr-14251	213	19	[	[	X
cblr-14251	213	20	https://perma.cc/cae6ylam	https://perma.cc/cae6ylam	X
cblr-14251	213	21	]	]	X
cblr-14251	213	22	.	.	PUNCT
cblr-14251	214	1	56	56	NUM
cblr-14251	214	2	in	in	ADP
cblr-14251	214	3	re	re	NOUN
cblr-14251	214	4	bed	bed	NOUN
cblr-14251	214	5	bath	bath	NOUN
cblr-14251	214	6	&	&	CCONJ
cblr-14251	214	7	beyond	beyond	ADP
cblr-14251	214	8	corp	corp	PROPN
cblr-14251	214	9	.	.	PROPN
cblr-14251	214	10	sec	sec	PROPN
cblr-14251	214	11	.	.	PROPN
cblr-14251	214	12	litig	litig	PROPN
cblr-14251	214	13	.	.	PUNCT
cblr-14251	215	1	,	,	PUNCT
cblr-14251	215	2	no	no	INTJ
cblr-14251	215	3	.	.	PUNCT
cblr-14251	216	1	1:22	1:22	NUM
cblr-14251	216	2	-	-	PUNCT
cblr-14251	216	3	cv-2541	cv-2541	NOUN
cblr-14251	216	4	,	,	PUNCT
cblr-14251	216	5	2023	2023	NUM
cblr-14251	216	6	wl	wl	NOUN
cblr-14251	216	7	4824734	4824734	NUM
cblr-14251	216	8	,	,	PUNCT
cblr-14251	216	9	at	at	ADP
cblr-14251	216	10	*	*	PUNCT
cblr-14251	216	11	1–2	1–2	NUM
cblr-14251	216	12	(	(	PUNCT
cblr-14251	216	13	d.c.c	d.c.c	NOUN
cblr-14251	216	14	.	.	PUNCT
cblr-14251	216	15	july	july	PROPN
cblr-14251	216	16	27	27	NUM
cblr-14251	216	17	,	,	PUNCT
cblr-14251	216	18	2023	2023	NUM
cblr-14251	216	19	)	)	PUNCT
cblr-14251	216	20	.	.	PUNCT
cblr-14251	217	1	an	an	DET
cblr-14251	217	2	investor	investor	NOUN
cblr-14251	217	3	who	who	PRON
cblr-14251	217	4	acquires	acquire	VERB
cblr-14251	217	5	more	more	ADJ
cblr-14251	217	6	than	than	ADP
cblr-14251	217	7	five	five	NUM
cblr-14251	217	8	percent	percent	NOUN
cblr-14251	217	9	of	of	ADP
cblr-14251	217	10	a	a	DET
cblr-14251	217	11	company	company	NOUN
cblr-14251	217	12	’s	’s	PART
cblr-14251	217	13	stock	stock	NOUN
cblr-14251	217	14	must	must	AUX
cblr-14251	217	15	file	file	VERB
cblr-14251	217	16	a	a	DET
cblr-14251	217	17	schedule	schedule	NOUN
cblr-14251	217	18	13d	13d	NOUN
cblr-14251	217	19	.	.	PUNCT
cblr-14251	218	1	see	see	VERB
cblr-14251	218	2	17	17	NUM
cblr-14251	218	3	c.f.r	c.f.r	NOUN
cblr-14251	218	4	.	.	PUNCT
cblr-14251	219	1	§	§	PROPN
cblr-14251	219	2	240.13d-1	240.13d-1	NUM
cblr-14251	219	3	.	.	PUNCT
cblr-14251	220	1	57	57	NUM
cblr-14251	220	2	caitlin	caitlin	PROPN
cblr-14251	220	3	mccabe	mccabe	PROPN
cblr-14251	220	4	,	,	PUNCT
cblr-14251	220	5	bed	bed	NOUN
cblr-14251	220	6	bath	bath	NOUN
cblr-14251	220	7	&	&	CCONJ
cblr-14251	220	8	beyond	beyond	ADP
cblr-14251	220	9	stock	stock	NOUN
cblr-14251	220	10	price	price	NOUN
cblr-14251	220	11	soars	soar	NOUN
cblr-14251	220	12	more	more	ADJ
cblr-14251	220	13	than	than	ADP
cblr-14251	220	14	60	60	NUM
cblr-14251	220	15	%	%	NOUN
cblr-14251	220	16	on	on	ADP
cblr-14251	220	17	ryan	ryan	PROPN
cblr-14251	220	18	cohen	cohen	PROPN
cblr-14251	220	19	’s	’s	PROPN
cblr-14251	220	20	stake	stake	NOUN
cblr-14251	220	21	,	,	PUNCT
cblr-14251	220	22	wall	wall	PROPN
cblr-14251	220	23	st	st	PROPN
cblr-14251	220	24	.	.	PROPN
cblr-14251	220	25	j.	j.	PROPN
cblr-14251	220	26	(	(	PUNCT
cblr-14251	220	27	mar	mar	PROPN
cblr-14251	220	28	.	.	PROPN
cblr-14251	220	29	7	7	NUM
cblr-14251	220	30	,	,	PUNCT
cblr-14251	220	31	2022	2022	NUM
cblr-14251	220	32	,	,	PUNCT
cblr-14251	220	33	4:31	4:31	NUM
cblr-14251	220	34	pm	pm	NOUN
cblr-14251	220	35	)	)	PUNCT
cblr-14251	220	36	,	,	PUNCT
cblr-14251	220	37	https://www.wsj.com/articles/bed-bath-beyond-stock-price-soars-premarket-on-ryancohens-stake-11646652094?mod=article_inline	https://www.wsj.com/articles/bed-bath-beyond-stock-price-soars-premarket-on-ryancohens-stake-11646652094?mod=article_inline	VERB
cblr-14251	221	1	[	[	X
cblr-14251	221	2	https://perma.cc/h9up-hfby	https://perma.cc/h9up-hfby	NOUN
cblr-14251	221	3	]	]	PUNCT
cblr-14251	221	4	.	.	PUNCT
cblr-14251	222	1	58	58	NUM
cblr-14251	222	2	see	see	VERB
cblr-14251	222	3	yun	yun	PROPN
cblr-14251	222	4	li	li	PROPN
cblr-14251	222	5	&	&	CCONJ
cblr-14251	222	6	lauren	lauren	PROPN
cblr-14251	222	7	thomas	thomas	PROPN
cblr-14251	222	8	,	,	PUNCT
cblr-14251	222	9	bed	bed	NOUN
cblr-14251	222	10	bath	bath	NOUN
cblr-14251	222	11	&	&	CCONJ
cblr-14251	222	12	beyond	beyond	ADP
cblr-14251	222	13	soars	soar	NOUN
cblr-14251	222	14	as	as	ADV
cblr-14251	222	15	much	much	ADJ
cblr-14251	222	16	as	as	ADP
cblr-14251	222	17	70	70	NUM
cblr-14251	222	18	%	%	NOUN
cblr-14251	222	19	as	as	SCONJ
cblr-14251	222	20	meme	meme	NOUN
cblr-14251	222	21	traders	trader	NOUN
cblr-14251	222	22	talk	talk	VERB
cblr-14251	222	23	up	up	ADP
cblr-14251	222	24	ryan	ryan	PROPN
cblr-14251	222	25	cohen	cohen	PROPN
cblr-14251	222	26	’s	’s	PART
cblr-14251	222	27	call	call	PROPN
cblr-14251	222	28	options	option	NOUN
cblr-14251	222	29	purchase	purchase	NOUN
cblr-14251	222	30	,	,	PUNCT
cblr-14251	222	31	cnbc	cnbc	PROPN
cblr-14251	222	32	(	(	PUNCT
cblr-14251	222	33	aug	aug	PROPN
cblr-14251	222	34	.	.	PROPN
cblr-14251	222	35	16	16	NUM
cblr-14251	222	36	,	,	PUNCT
cblr-14251	222	37	2022	2022	NUM
cblr-14251	222	38	,	,	PUNCT
cblr-14251	222	39	12:16	12:16	NUM
cblr-14251	222	40	pm	pm	NOUN
cblr-14251	222	41	)	)	PUNCT
cblr-14251	222	42	,	,	PUNCT
cblr-14251	222	43	https://www.cnbc.com/2022/08/16/bed-bath-beyond-soars-70percent-asmeme-traders-bet-on-ryan-cohen.html	https://www.cnbc.com/2022/08/16/bed-bath-beyond-soars-70percent-asmeme-traders-bet-on-ryan-cohen.html	VERB
cblr-14251	223	1	[	[	X
cblr-14251	223	2	https://perma.cc/hck7-f76a	https://perma.cc/hck7-f76a	X
cblr-14251	223	3	]	]	X
cblr-14251	223	4	(	(	PUNCT
cblr-14251	223	5	discussing	discuss	VERB
cblr-14251	223	6	how	how	SCONJ
cblr-14251	223	7	information	information	NOUN
cblr-14251	223	8	about	about	ADP
cblr-14251	223	9	cohen	cohen	PROPN
cblr-14251	223	10	’s	’s	PART
cblr-14251	223	11	call	call	NOUN
cblr-14251	223	12	options	option	NOUN
cblr-14251	223	13	generated	generate	VERB
cblr-14251	223	14	a	a	DET
cblr-14251	223	15	surge	surge	NOUN
cblr-14251	223	16	in	in	ADP
cblr-14251	223	17	bed	bed	NOUN
cblr-14251	223	18	bath	bath	NOUN
cblr-14251	223	19	&	&	CCONJ
cblr-14251	223	20	beyond	beyond	ADP
cblr-14251	223	21	’s	’s	PART
cblr-14251	223	22	stock	stock	NOUN
cblr-14251	223	23	’s	’s	PART
cblr-14251	223	24	trading	trading	NOUN
cblr-14251	223	25	volume	volume	NOUN
cblr-14251	223	26	)	)	PUNCT
cblr-14251	223	27	.	.	PUNCT
cblr-14251	224	1	242	242	NUM
cblr-14251	224	2	columbia	columbia	PROPN
cblr-14251	224	3	business	business	NOUN
cblr-14251	224	4	law	law	PROPN
cblr-14251	224	5	review	review	NOUN
cblr-14251	224	6	[	[	X
cblr-14251	224	7	vol	vol	NOUN
cblr-14251	224	8	.	.	PUNCT
cblr-14251	224	9	2025	2025	NUM
cblr-14251	224	10	reaping	reap	VERB
cblr-14251	224	11	profits	profit	NOUN
cblr-14251	224	12	of	of	ADP
cblr-14251	224	13	about	about	ADV
cblr-14251	224	14	$	$	SYM
cblr-14251	224	15	68	68	NUM
cblr-14251	224	16	million.59	million.59	NOUN
cblr-14251	224	17	the	the	DET
cblr-14251	224	18	share	share	NOUN
cblr-14251	224	19	price	price	NOUN
cblr-14251	224	20	of	of	ADP
cblr-14251	224	21	bed	bed	NOUN
cblr-14251	224	22	bath	bath	NOUN
cblr-14251	224	23	&	&	CCONJ
cblr-14251	224	24	beyond	beyond	ADP
cblr-14251	224	25	nosedived	nosedive	VERB
cblr-14251	224	26	once	once	ADV
cblr-14251	224	27	cohen	cohen	PROPN
cblr-14251	224	28	disclosed	disclose	VERB
cblr-14251	224	29	his	his	PRON
cblr-14251	224	30	sale.60	sale.60	PROPN
cblr-14251	224	31	2	2	NUM
cblr-14251	224	32	.	.	PUNCT
cblr-14251	224	33	bill	bill	PROPN
cblr-14251	224	34	ackman	ackman	PROPN
cblr-14251	224	35	.	.	PUNCT
cblr-14251	225	1	in	in	ADP
cblr-14251	225	2	early	early	ADJ
cblr-14251	225	3	2024	2024	NUM
cblr-14251	225	4	,	,	PUNCT
cblr-14251	225	5	billionaire	billionaire	ADJ
cblr-14251	225	6	hedge	hedge	NOUN
cblr-14251	225	7	fund	fund	NOUN
cblr-14251	225	8	manager	manager	NOUN
cblr-14251	225	9	bill	bill	PROPN
cblr-14251	225	10	ackman	ackman	PROPN
cblr-14251	225	11	announced	announce	VERB
cblr-14251	225	12	plans	plan	NOUN
cblr-14251	225	13	for	for	ADP
cblr-14251	225	14	a	a	DET
cblr-14251	225	15	new	new	ADJ
cblr-14251	225	16	fund	fund	NOUN
cblr-14251	225	17	called	call	VERB
cblr-14251	225	18	pershing	pershing	PROPN
cblr-14251	225	19	square	square	PROPN
cblr-14251	225	20	usa	usa	PROPN
cblr-14251	225	21	targeted	target	VERB
cblr-14251	225	22	at	at	ADP
cblr-14251	225	23	retail	retail	ADJ
cblr-14251	225	24	investors.61	investors.61	NOUN
cblr-14251	225	25	the	the	DET
cblr-14251	225	26	fund	fund	NOUN
cblr-14251	225	27	would	would	AUX
cblr-14251	225	28	trade	trade	VERB
cblr-14251	225	29	on	on	ADP
cblr-14251	225	30	the	the	DET
cblr-14251	225	31	new	new	PROPN
cblr-14251	225	32	york	york	PROPN
cblr-14251	225	33	stock	stock	PROPN
cblr-14251	225	34	exchange	exchange	PROPN
cblr-14251	225	35	(	(	PUNCT
cblr-14251	225	36	nyse).62	nyse).62	VERB
cblr-14251	225	37	according	accord	VERB
cblr-14251	225	38	to	to	ADP
cblr-14251	225	39	the	the	DET
cblr-14251	225	40	prospectus	prospectus	NOUN
cblr-14251	225	41	,	,	PUNCT
cblr-14251	225	42	ackman	ackman	PROPN
cblr-14251	225	43	’s	’s	PART
cblr-14251	225	44	investment	investment	NOUN
cblr-14251	225	45	firm	firm	NOUN
cblr-14251	225	46	,	,	PUNCT
cblr-14251	225	47	pershing	pershing	PROPN
cblr-14251	225	48	square	square	PROPN
cblr-14251	225	49	capital	capital	NOUN
cblr-14251	225	50	management	management	NOUN
cblr-14251	225	51	(	(	PUNCT
cblr-14251	225	52	the	the	DET
cblr-14251	225	53	“	"	PUNCT
cblr-14251	225	54	adviser	adviser	NOUN
cblr-14251	225	55	”	"	PUNCT
cblr-14251	225	56	)	)	PUNCT
cblr-14251	225	57	“	"	PUNCT
cblr-14251	225	58	believes	believe	VERB
cblr-14251	225	59	that	that	SCONJ
cblr-14251	225	60	the	the	DET
cblr-14251	225	61	fund	fund	NOUN
cblr-14251	225	62	has	have	VERB
cblr-14251	225	63	the	the	DET
cblr-14251	225	64	potential	potential	NOUN
cblr-14251	225	65	to	to	PART
cblr-14251	225	66	be	be	AUX
cblr-14251	225	67	one	one	NUM
cblr-14251	225	68	of	of	ADP
cblr-14251	225	69	the	the	DET
cblr-14251	225	70	largest	large	ADJ
cblr-14251	225	71	,	,	PUNCT
cblr-14251	225	72	if	if	SCONJ
cblr-14251	225	73	not	not	PART
cblr-14251	225	74	the	the	DET
cblr-14251	225	75	largest	large	ADJ
cblr-14251	225	76	,	,	PUNCT
cblr-14251	225	77	listed	list	VERB
cblr-14251	225	78	closed	close	VERB
cblr-14251	225	79	-	-	PUNCT
cblr-14251	225	80	end	end	NOUN
cblr-14251	225	81	funds	fund	NOUN
cblr-14251	225	82	and	and	CCONJ
cblr-14251	225	83	expects	expect	VERB
cblr-14251	225	84	that	that	SCONJ
cblr-14251	225	85	the	the	DET
cblr-14251	225	86	adviser	adviser	NOUN
cblr-14251	225	87	’s	’s	PART
cblr-14251	225	88	brand	brand	NOUN
cblr-14251	225	89	-	-	PUNCT
cblr-14251	225	90	name	name	NOUN
cblr-14251	225	91	profile	profile	NOUN
cblr-14251	225	92	and	and	CCONJ
cblr-14251	225	93	broad	broad	ADJ
cblr-14251	225	94	retail	retail	ADJ
cblr-14251	225	95	following	following	NOUN
cblr-14251	225	96	will	will	AUX
cblr-14251	225	97	drive	drive	VERB
cblr-14251	225	98	substantial	substantial	ADJ
cblr-14251	225	99	investor	investor	NOUN
cblr-14251	225	100	interest	interest	NOUN
cblr-14251	225	101	and	and	CCONJ
cblr-14251	225	102	liquidity	liquidity	NOUN
cblr-14251	225	103	in	in	ADP
cblr-14251	225	104	the	the	DET
cblr-14251	225	105	secondary	secondary	ADJ
cblr-14251	225	106	market	market	NOUN
cblr-14251	225	107	.	.	PUNCT
cblr-14251	226	1	”63	”63	NOUN
cblr-14251	226	2	in	in	ADP
cblr-14251	226	3	addition	addition	NOUN
cblr-14251	226	4	,	,	PUNCT
cblr-14251	226	5	ackman	ackman	NOUN
cblr-14251	226	6	reportedly	reportedly	ADV
cblr-14251	226	7	intended	intend	VERB
cblr-14251	226	8	to	to	PART
cblr-14251	226	9	discuss	discuss	VERB
cblr-14251	226	10	the	the	DET
cblr-14251	226	11	retail	retail	ADJ
cblr-14251	226	12	fund	fund	NOUN
cblr-14251	226	13	’s	’s	PART
cblr-14251	226	14	investments	investment	NOUN
cblr-14251	226	15	on	on	ADP
cblr-14251	226	16	x	x	SYM
cblr-14251	226	17	,	,	PUNCT
cblr-14251	226	18	once	once	SCONJ
cblr-14251	226	19	the	the	DET
cblr-14251	226	20	fund	fund	NOUN
cblr-14251	226	21	was	be	AUX
cblr-14251	226	22	approved.64	approved.64	NOUN
cblr-14251	226	23	one	one	NUM
cblr-14251	226	24	commentator	commentator	NOUN
cblr-14251	226	25	noted	note	VERB
cblr-14251	226	26	the	the	DET
cblr-14251	226	27	“	"	PUNCT
cblr-14251	226	28	meme	meme	NOUN
cblr-14251	226	29	-	-	PUNCT
cblr-14251	226	30	stock	stock	NOUN
cblr-14251	226	31	element	element	NOUN
cblr-14251	226	32	”	"	PUNCT
cblr-14251	226	33	to	to	ADP
cblr-14251	226	34	ackman	ackman	PROPN
cblr-14251	226	35	’s	’s	PART
cblr-14251	226	36	proposal	proposal	NOUN
cblr-14251	226	37	:	:	PUNCT
cblr-14251	226	38	investors	investor	NOUN
cblr-14251	226	39	would	would	AUX
cblr-14251	226	40	be	be	AUX
cblr-14251	226	41	“	"	PUNCT
cblr-14251	226	42	betting	bet	VERB
cblr-14251	226	43	on	on	ADP
cblr-14251	226	44	ackman	ackman	NOUN
cblr-14251	226	45	’s	’s	PART
cblr-14251	226	46	ability	ability	NOUN
cblr-14251	226	47	to	to	PART
cblr-14251	226	48	raise	raise	VERB
cblr-14251	226	49	money	money	NOUN
cblr-14251	226	50	by	by	ADP
cblr-14251	226	51	tweeting	tweet	VERB
cblr-14251	226	52	and	and	CCONJ
cblr-14251	226	53	going	go	VERB
cblr-14251	226	54	on	on	ADP
cblr-14251	226	55	television	television	NOUN
cblr-14251	226	56	,	,	PUNCT
cblr-14251	226	57	to	to	PART
cblr-14251	226	58	build	build	VERB
cblr-14251	226	59	his	his	PRON
cblr-14251	226	60	public	public	ADJ
cblr-14251	226	61	profile	profile	NOUN
cblr-14251	226	62	by	by	ADP
cblr-14251	226	63	doing	do	VERB
cblr-14251	226	64	controversial	controversial	ADJ
cblr-14251	226	65	stuff	stuff	NOUN
cblr-14251	226	66	on	on	ADP
cblr-14251	226	67	social	social	ADJ
cblr-14251	226	68	59	59	NUM
cblr-14251	226	69	see	see	NOUN
cblr-14251	226	70	in	in	ADP
cblr-14251	226	71	re	re	NOUN
cblr-14251	226	72	bed	bed	NOUN
cblr-14251	226	73	bath	bath	NOUN
cblr-14251	226	74	&	&	CCONJ
cblr-14251	226	75	beyond	beyond	ADP
cblr-14251	226	76	,	,	PUNCT
cblr-14251	226	77	2023	2023	NUM
cblr-14251	226	78	wl	wl	NOUN
cblr-14251	226	79	4824734	4824734	NUM
cblr-14251	226	80	,	,	PUNCT
cblr-14251	226	81	at	at	ADP
cblr-14251	226	82	*	*	NOUN
cblr-14251	226	83	8	8	NUM
cblr-14251	226	84	.	.	X
cblr-14251	227	1	60	60	NUM
cblr-14251	228	1	i	i	PRON
cblr-14251	228	2	d.	d.	PROPN
cblr-14251	228	3	61	61	NUM
cblr-14251	228	4	annie	annie	NOUN
cblr-14251	228	5	massa	massa	PROPN
cblr-14251	228	6	,	,	PUNCT
cblr-14251	228	7	bill	bill	PROPN
cblr-14251	228	8	ackman	ackman	PROPN
cblr-14251	228	9	’s	’s	PART
cblr-14251	228	10	pershing	pershing	PROPN
cblr-14251	228	11	square	square	PROPN
cblr-14251	228	12	targets	target	NOUN
cblr-14251	228	13	us	we	PRON
cblr-14251	228	14	retail	retail	ADJ
cblr-14251	228	15	investors	investor	NOUN
cblr-14251	228	16	in	in	ADP
cblr-14251	228	17	new	new	ADJ
cblr-14251	228	18	fund	fund	PROPN
cblr-14251	228	19	,	,	PUNCT
cblr-14251	228	20	bloomberg	bloomberg	PROPN
cblr-14251	228	21	,	,	PUNCT
cblr-14251	228	22	(	(	PUNCT
cblr-14251	228	23	fed	feed	VERB
cblr-14251	228	24	.	.	PROPN
cblr-14251	228	25	7	7	NUM
cblr-14251	228	26	,	,	PUNCT
cblr-14251	228	27	2024	2024	NUM
cblr-14251	228	28	)	)	PUNCT
cblr-14251	228	29	,	,	PUNCT
cblr-14251	228	30	https://www.bloomberg.com/news/articles/2024-02-07/ackman-s-pershing-squaretargets-us-retail-investors-in-newfund?cmpid=bbd020824_moneystuff&utm_medium=email&utm_source=news	https://www.bloomberg.com/news/articles/2024-02-07/ackman-s-pershing-squaretargets-us-retail-investors-in-newfund?cmpid=bbd020824_moneystuff&utm_medium=email&utm_source=new	VERB
cblr-14251	228	31	letter&utm_term=240208&utm_campaign	letter&utm_term=240208&utm_campaign	NOUN
cblr-14251	228	32	=	=	SYM
cblr-14251	228	33	moneystuff	moneystuff	NOUN
cblr-14251	228	34	[	[	X
cblr-14251	228	35	https://perma.cc/v6v5udd7	https://perma.cc/v6v5udd7	X
cblr-14251	228	36	]	]	PUNCT
cblr-14251	228	37	.	.	PUNCT
cblr-14251	229	1	the	the	DET
cblr-14251	229	2	fund	fund	NOUN
cblr-14251	229	3	initially	initially	ADV
cblr-14251	229	4	set	set	VERB
cblr-14251	229	5	a	a	DET
cblr-14251	229	6	goal	goal	NOUN
cblr-14251	229	7	of	of	ADP
cblr-14251	229	8	raising	raise	VERB
cblr-14251	229	9	$	$	SYM
cblr-14251	229	10	25	25	NUM
cblr-14251	229	11	billion	billion	NUM
cblr-14251	229	12	,	,	PUNCT
cblr-14251	229	13	which	which	PRON
cblr-14251	229	14	was	be	AUX
cblr-14251	229	15	then	then	ADV
cblr-14251	229	16	revised	revise	VERB
cblr-14251	229	17	down	down	ADP
cblr-14251	229	18	to	to	ADP
cblr-14251	229	19	under	under	ADP
cblr-14251	229	20	$	$	SYM
cblr-14251	229	21	10	10	NUM
cblr-14251	229	22	billion	billion	NUM
cblr-14251	229	23	.	.	PUNCT
cblr-14251	230	1	ackman	ackman	PROPN
cblr-14251	230	2	has	have	AUX
cblr-14251	230	3	since	since	SCONJ
cblr-14251	230	4	withdrawn	withdraw	VERB
cblr-14251	230	5	the	the	DET
cblr-14251	230	6	fund	fund	NOUN
cblr-14251	230	7	’s	’s	PART
cblr-14251	230	8	ipo	ipo	NOUN
cblr-14251	230	9	,	,	PUNCT
cblr-14251	230	10	saying	say	VERB
cblr-14251	230	11	that	that	SCONJ
cblr-14251	230	12	they	they	PRON
cblr-14251	230	13	will	will	AUX
cblr-14251	230	14	“	"	PUNCT
cblr-14251	230	15	report	report	VERB
cblr-14251	230	16	back	back	ADV
cblr-14251	230	17	once	once	SCONJ
cblr-14251	230	18	we	we	PRON
cblr-14251	230	19	are	be	AUX
cblr-14251	230	20	ready	ready	ADJ
cblr-14251	230	21	to	to	PART
cblr-14251	230	22	launch	launch	VERB
cblr-14251	230	23	a	a	DET
cblr-14251	230	24	revised	revise	VERB
cblr-14251	230	25	transaction	transaction	NOUN
cblr-14251	230	26	.	.	PUNCT
cblr-14251	230	27	”	"	PUNCT
cblr-14251	231	1	pershing	pershing	PROPN
cblr-14251	231	2	square	square	PROPN
cblr-14251	231	3	usa	usa	PROPN
cblr-14251	231	4	,	,	PUNCT
cblr-14251	231	5	ltd	ltd	PROPN
cblr-14251	231	6	.	.	PROPN
cblr-14251	231	7	withdraws	withdraws	PROPN
cblr-14251	231	8	ipo	ipo	PROPN
cblr-14251	231	9	,	,	PUNCT
cblr-14251	231	10	businesswire	businesswire	NOUN
cblr-14251	231	11	(	(	PUNCT
cblr-14251	231	12	july	july	PROPN
cblr-14251	231	13	31	31	NUM
cblr-14251	231	14	,	,	PUNCT
cblr-14251	231	15	2024	2024	NUM
cblr-14251	231	16	)	)	PUNCT
cblr-14251	231	17	,	,	PUNCT
cblr-14251	231	18	https://www.businesswire.com/news/home/20240731346413/en/pershing-squareusa-ltd.-withdraws-ipo	https://www.businesswire.com/news/home/20240731346413/en/pershing-squareusa-ltd.-withdraws-ipo	PROPN
cblr-14251	231	19	.	.	PROPN
cblr-14251	231	20	62	62	NUM
cblr-14251	231	21	see	see	VERB
cblr-14251	231	22	massa	massa	NOUN
cblr-14251	231	23	,	,	PUNCT
cblr-14251	231	24	supra	supra	PROPN
cblr-14251	231	25	note	note	PROPN
cblr-14251	231	26	61	61	NUM
cblr-14251	231	27	.	.	PUNCT
cblr-14251	231	28	63	63	NUM
cblr-14251	231	29	pershing	pershing	PROPN
cblr-14251	231	30	square	square	PROPN
cblr-14251	231	31	usa	usa	PROPN
cblr-14251	231	32	,	,	PUNCT
cblr-14251	231	33	ltd	ltd	PROPN
cblr-14251	231	34	.	.	PROPN
cblr-14251	231	35	,	,	PUNCT
cblr-14251	231	36	registration	registration	NOUN
cblr-14251	231	37	statement	statement	NOUN
cblr-14251	231	38	(	(	PUNCT
cblr-14251	231	39	form	form	NOUN
cblr-14251	231	40	n-2	n-2	NUM
cblr-14251	231	41	)	)	PUNCT
cblr-14251	231	42	,	,	PUNCT
cblr-14251	231	43	at	at	ADP
cblr-14251	231	44	28	28	NUM
cblr-14251	231	45	(	(	PUNCT
cblr-14251	231	46	feb	feb	PROPN
cblr-14251	231	47	.	.	PROPN
cblr-14251	231	48	7	7	NUM
cblr-14251	231	49	,	,	PUNCT
cblr-14251	231	50	2024	2024	NUM
cblr-14251	231	51	)	)	PUNCT
cblr-14251	231	52	,	,	PUNCT
cblr-14251	232	1	https://www.sec.gov/archives/edgar/data/2002660/000119312524026301/d623781dn	https://www.sec.gov/archives/edgar/data/2002660/000119312524026301/d623781dn	PROPN
cblr-14251	232	2	2.htm	2.htm	NOUN
cblr-14251	232	3	.	.	PROPN
cblr-14251	232	4	64	64	NUM
cblr-14251	233	1	i	i	PRON
cblr-14251	233	2	d.	d.	PROPN
cblr-14251	233	3	no	no	INTJ
cblr-14251	233	4	.	.	NOUN
cblr-14251	233	5	1	1	NUM
cblr-14251	233	6	]	]	PUNCT
cblr-14251	233	7	securities	security	NOUN
cblr-14251	233	8	fraud	fraud	NOUN
cblr-14251	233	9	and	and	CCONJ
cblr-14251	233	10	the	the	DET
cblr-14251	233	11	market	market	NOUN
cblr-14251	233	12	for	for	ADP
cblr-14251	233	13	individual	individual	ADJ
cblr-14251	233	14	stocks	stock	NOUN
cblr-14251	233	15	243	243	NUM
cblr-14251	233	16	media	medium	NOUN
cblr-14251	233	17	and	and	CCONJ
cblr-14251	233	18	to	to	PART
cblr-14251	233	19	convert	convert	VERB
cblr-14251	233	20	that	that	DET
cblr-14251	233	21	profile	profile	NOUN
cblr-14251	233	22	into	into	ADP
cblr-14251	233	23	investor	investor	NOUN
cblr-14251	233	24	interest	interest	NOUN
cblr-14251	233	25	.	.	PUNCT
cblr-14251	234	1	”65	”65	NOUN
cblr-14251	234	2	indeed	indeed	ADV
cblr-14251	234	3	,	,	PUNCT
cblr-14251	234	4	ackman	ackman	NOUN
cblr-14251	234	5	evidently	evidently	ADV
cblr-14251	234	6	claimed	claim	VERB
cblr-14251	234	7	that	that	SCONJ
cblr-14251	234	8	his	his	PRON
cblr-14251	234	9	“	"	PUNCT
cblr-14251	234	10	prolific	prolific	ADJ
cblr-14251	234	11	social	social	ADJ
cblr-14251	234	12	media	medium	NOUN
cblr-14251	234	13	presence	presence	NOUN
cblr-14251	234	14	”	"	PUNCT
cblr-14251	234	15	would	would	AUX
cblr-14251	234	16	allow	allow	VERB
cblr-14251	234	17	the	the	DET
cblr-14251	234	18	fund	fund	NOUN
cblr-14251	234	19	to	to	PART
cblr-14251	234	20	trade	trade	VERB
cblr-14251	234	21	at	at	ADP
cblr-14251	234	22	a	a	DET
cblr-14251	234	23	premium.66	premium.66	NOUN
cblr-14251	234	24	as	as	SCONJ
cblr-14251	234	25	one	one	NUM
cblr-14251	234	26	investor	investor	NOUN
cblr-14251	234	27	stated	state	VERB
cblr-14251	234	28	,	,	PUNCT
cblr-14251	234	29	“	"	PUNCT
cblr-14251	234	30	this	this	PRON
cblr-14251	234	31	is	be	AUX
cblr-14251	234	32	n’t	not	PART
cblr-14251	234	33	a	a	DET
cblr-14251	234	34	closed	close	VERB
cblr-14251	234	35	-	-	PUNCT
cblr-14251	234	36	end	end	NOUN
cblr-14251	234	37	fund	fund	NOUN
cblr-14251	234	38	,	,	PUNCT
cblr-14251	234	39	this	this	PRON
cblr-14251	234	40	is	be	AUX
cblr-14251	234	41	bill	bill	NOUN
cblr-14251	234	42	ackman	ackman	NOUN
cblr-14251	234	43	incorporated	incorporate	VERB
cblr-14251	234	44	.	.	PUNCT
cblr-14251	235	1	”67	”67	PROPN
cblr-14251	235	2	that	that	SCONJ
cblr-14251	235	3	the	the	DET
cblr-14251	235	4	fund	fund	NOUN
cblr-14251	235	5	would	would	AUX
cblr-14251	235	6	trade	trade	VERB
cblr-14251	235	7	at	at	ADP
cblr-14251	235	8	a	a	DET
cblr-14251	235	9	premium	premium	NOUN
cblr-14251	235	10	does	do	AUX
cblr-14251	235	11	not	not	PART
cblr-14251	235	12	necessarily	necessarily	ADV
cblr-14251	235	13	follow	follow	VERB
cblr-14251	235	14	from	from	ADP
cblr-14251	235	15	its	its	PRON
cblr-14251	235	16	financial	financial	ADJ
cblr-14251	235	17	characteristics	characteristic	NOUN
cblr-14251	235	18	.	.	PUNCT
cblr-14251	236	1	the	the	DET
cblr-14251	236	2	fund	fund	NOUN
cblr-14251	236	3	’s	’s	PART
cblr-14251	236	4	holdings	holding	NOUN
cblr-14251	236	5	would	would	AUX
cblr-14251	236	6	be	be	AUX
cblr-14251	236	7	disclosed	disclose	VERB
cblr-14251	236	8	,	,	PUNCT
cblr-14251	236	9	and	and	CCONJ
cblr-14251	236	10	ackman	ackman	NOUN
cblr-14251	236	11	also	also	ADV
cblr-14251	236	12	plans	plan	VERB
cblr-14251	236	13	on	on	ADP
cblr-14251	236	14	tweeting	tweet	VERB
cblr-14251	236	15	about	about	ADP
cblr-14251	236	16	the	the	DET
cblr-14251	236	17	holdings.68	holdings.68	NOUN
cblr-14251	236	18	this	this	PRON
cblr-14251	236	19	means	mean	VERB
cblr-14251	236	20	that	that	SCONJ
cblr-14251	236	21	investors	investor	NOUN
cblr-14251	236	22	could	could	AUX
cblr-14251	236	23	purchase	purchase	VERB
cblr-14251	236	24	the	the	DET
cblr-14251	236	25	holdings	holding	NOUN
cblr-14251	236	26	themselves	themselves	PRON
cblr-14251	236	27	rather	rather	ADV
cblr-14251	236	28	than	than	ADP
cblr-14251	236	29	purchase	purchase	VERB
cblr-14251	236	30	the	the	DET
cblr-14251	236	31	fund	fund	NOUN
cblr-14251	236	32	at	at	ADP
cblr-14251	236	33	a	a	DET
cblr-14251	236	34	premium	premium	NOUN
cblr-14251	236	35	.	.	PUNCT
cblr-14251	237	1	yet	yet	CCONJ
cblr-14251	237	2	it	it	PRON
cblr-14251	237	3	is	be	AUX
cblr-14251	237	4	not	not	PART
cblr-14251	237	5	out	out	ADP
cblr-14251	237	6	of	of	ADP
cblr-14251	237	7	the	the	DET
cblr-14251	237	8	question	question	NOUN
cblr-14251	237	9	that	that	SCONJ
cblr-14251	237	10	the	the	DET
cblr-14251	237	11	fund	fund	NOUN
cblr-14251	237	12	would	would	AUX
cblr-14251	237	13	nevertheless	nevertheless	ADV
cblr-14251	237	14	trade	trade	VERB
cblr-14251	237	15	at	at	ADP
cblr-14251	237	16	a	a	DET
cblr-14251	237	17	premium	premium	NOUN
cblr-14251	237	18	,	,	PUNCT
cblr-14251	237	19	due	due	ADJ
cblr-14251	237	20	in	in	ADP
cblr-14251	237	21	particular	particular	ADJ
cblr-14251	237	22	to	to	ADP
cblr-14251	237	23	ackman	ackman	PROPN
cblr-14251	237	24	’s	’s	PART
cblr-14251	237	25	popularity	popularity	NOUN
cblr-14251	237	26	with	with	ADP
cblr-14251	237	27	retail	retail	ADJ
cblr-14251	237	28	investors	investor	NOUN
cblr-14251	237	29	.	.	PUNCT
cblr-14251	238	1	as	as	SCONJ
cblr-14251	238	2	one	one	NUM
cblr-14251	238	3	commentator	commentator	NOUN
cblr-14251	238	4	put	put	VERB
cblr-14251	238	5	it	it	PRON
cblr-14251	238	6	:	:	PUNCT
cblr-14251	238	7	ackman	ackman	NOUN
cblr-14251	238	8	is	be	AUX
cblr-14251	238	9	good	good	ADJ
cblr-14251	238	10	at	at	ADP
cblr-14251	238	11	social	social	ADJ
cblr-14251	238	12	media	medium	NOUN
cblr-14251	238	13	and	and	CCONJ
cblr-14251	238	14	has	have	VERB
cblr-14251	238	15	a	a	DET
cblr-14251	238	16	large	large	ADJ
cblr-14251	238	17	retail	retail	ADJ
cblr-14251	238	18	following	following	NOUN
cblr-14251	238	19	,	,	PUNCT
cblr-14251	238	20	and	and	CCONJ
cblr-14251	238	21	if	if	SCONJ
cblr-14251	238	22	there	there	PRON
cblr-14251	238	23	is	be	VERB
cblr-14251	238	24	one	one	NUM
cblr-14251	238	25	single	single	ADJ
cblr-14251	238	26	most	most	ADV
cblr-14251	238	27	important	important	ADJ
cblr-14251	238	28	lesson	lesson	NOUN
cblr-14251	238	29	from	from	ADP
cblr-14251	238	30	the	the	DET
cblr-14251	238	31	last	last	ADJ
cblr-14251	238	32	few	few	ADJ
cblr-14251	238	33	years	year	NOUN
cblr-14251	238	34	in	in	ADP
cblr-14251	238	35	financial	financial	ADJ
cblr-14251	238	36	markets	market	NOUN
cblr-14251	238	37	,	,	PUNCT
cblr-14251	238	38	it	it	PRON
cblr-14251	238	39	is	be	AUX
cblr-14251	238	40	that	that	SCONJ
cblr-14251	238	41	stocks	stock	NOUN
cblr-14251	238	42	with	with	ADP
cblr-14251	238	43	large	large	ADJ
cblr-14251	238	44	retail	retail	ADJ
cblr-14251	238	45	followings	following	NOUN
cblr-14251	238	46	on	on	ADP
cblr-14251	238	47	social	social	ADJ
cblr-14251	238	48	media	medium	NOUN
cblr-14251	238	49	can	can	AUX
cblr-14251	238	50	sustainably	sustainably	ADV
cblr-14251	238	51	trade	trade	VERB
cblr-14251	238	52	at	at	ADP
cblr-14251	238	53	a	a	DET
cblr-14251	238	54	large	large	ADJ
cblr-14251	238	55	premium	premium	NOUN
cblr-14251	238	56	to	to	ADP
cblr-14251	238	57	their	their	PRON
cblr-14251	238	58	intrinsic	intrinsic	ADJ
cblr-14251	238	59	value.69	value.69	NOUN
cblr-14251	238	60	ackman	ackman	NOUN
cblr-14251	238	61	himself	himself	PRON
cblr-14251	238	62	has	have	AUX
cblr-14251	238	63	stated	state	VERB
cblr-14251	238	64	,	,	PUNCT
cblr-14251	238	65	“	"	PUNCT
cblr-14251	238	66	i	i	PRON
cblr-14251	238	67	have	have	AUX
cblr-14251	238	68	built	build	VERB
cblr-14251	238	69	up	up	ADP
cblr-14251	238	70	a	a	DET
cblr-14251	238	71	large	large	ADJ
cblr-14251	238	72	base	base	NOUN
cblr-14251	238	73	of	of	ADP
cblr-14251	238	74	institutional	institutional	ADJ
cblr-14251	238	75	and	and	CCONJ
cblr-14251	238	76	retail	retail	ADJ
cblr-14251	238	77	followers	follower	NOUN
cblr-14251	238	78	that	that	PRON
cblr-14251	238	79	follow	follow	VERB
cblr-14251	238	80	our	our	PRON
cblr-14251	238	81	every	every	DET
cblr-14251	238	82	move	move	NOUN
cblr-14251	238	83	.	.	PUNCT
cblr-14251	239	1	65	65	NUM
cblr-14251	239	2	matt	matt	PROPN
cblr-14251	239	3	levine	levine	PROPN
cblr-14251	239	4	,	,	PUNCT
cblr-14251	239	5	bill	bill	PROPN
cblr-14251	239	6	ackman	ackman	PROPN
cblr-14251	239	7	wants	want	VERB
cblr-14251	239	8	a	a	DET
cblr-14251	239	9	lot	lot	NOUN
cblr-14251	239	10	of	of	ADP
cblr-14251	239	11	your	your	PRON
cblr-14251	239	12	money	money	NOUN
cblr-14251	239	13	,	,	PUNCT
cblr-14251	239	14	bloomberg	bloomberg	PROPN
cblr-14251	239	15	(	(	PUNCT
cblr-14251	239	16	june	june	PROPN
cblr-14251	239	17	6	6	NUM
cblr-14251	239	18	,	,	PUNCT
cblr-14251	239	19	2024	2024	NUM
cblr-14251	239	20	)	)	PUNCT
cblr-14251	239	21	,	,	PUNCT
cblr-14251	239	22	https://www.bloomberg.com/opinion/articles/2024-06-06/bill-ackman-wants-alot-of-your-money	https://www.bloomberg.com/opinion/articles/2024-06-06/bill-ackman-wants-alot-of-your-money	PROPN
cblr-14251	239	23	[	[	X
cblr-14251	239	24	https://perma.cc/r3bk-4r79	https://perma.cc/r3bk-4r79	NOUN
cblr-14251	239	25	]	]	PUNCT
cblr-14251	239	26	.	.	PUNCT
cblr-14251	240	1	66	66	NUM
cblr-14251	240	2	bill	bill	NOUN
cblr-14251	240	3	ackman	ackman	NOUN
cblr-14251	240	4	tells	tell	VERB
cblr-14251	240	5	investors	investor	NOUN
cblr-14251	240	6	his	his	PRON
cblr-14251	240	7	‘	'	PUNCT
cblr-14251	240	8	notoriety	notoriety	NOUN
cblr-14251	240	9	’	'	PUNCT
cblr-14251	240	10	will	will	AUX
cblr-14251	240	11	boost	boost	VERB
cblr-14251	240	12	new	new	ADJ
cblr-14251	240	13	fund	fund	NOUN
cblr-14251	240	14	,	,	PUNCT
cblr-14251	240	15	fin	fin	NOUN
cblr-14251	240	16	.	.	PUNCT
cblr-14251	240	17	times	times	PROPN
cblr-14251	240	18	,	,	PUNCT
cblr-14251	240	19	https://www.ft.com/content/13277e79-3f89-4294-aee1-f1c2a40afbfb	https://www.ft.com/content/13277e79-3f89-4294-aee1-f1c2a40afbfb	PROPN
cblr-14251	241	1	[	[	X
cblr-14251	241	2	https://perma.cc/p42g-4efw	https://perma.cc/p42g-4efw	PROPN
cblr-14251	241	3	]	]	PUNCT
cblr-14251	241	4	.	.	PUNCT
cblr-14251	242	1	see	see	VERB
cblr-14251	242	2	also	also	ADV
cblr-14251	242	3	juliet	juliet	PROPN
cblr-14251	242	4	chung	chung	PROPN
cblr-14251	242	5	&	&	CCONJ
cblr-14251	242	6	peter	peter	PROPN
cblr-14251	242	7	rudegeair	rudegeair	PROPN
cblr-14251	242	8	,	,	PUNCT
cblr-14251	242	9	bill	bill	PROPN
cblr-14251	242	10	ackman	ackman	PROPN
cblr-14251	242	11	eyes	eye	VERB
cblr-14251	242	12	ipo	ipo	PROPN
cblr-14251	242	13	of	of	ADP
cblr-14251	242	14	pershing	pershing	PROPN
cblr-14251	242	15	square	square	PROPN
cblr-14251	242	16	,	,	PUNCT
cblr-14251	242	17	wall	wall	PROPN
cblr-14251	242	18	st	st	PROPN
cblr-14251	242	19	.	.	PROPN
cblr-14251	242	20	j.	j.	PROPN
cblr-14251	242	21	(	(	PUNCT
cblr-14251	242	22	may	may	PROPN
cblr-14251	242	23	31	31	NUM
cblr-14251	242	24	,	,	PUNCT
cblr-14251	242	25	2024	2024	NUM
cblr-14251	242	26	)	)	PUNCT
cblr-14251	242	27	,	,	PUNCT
cblr-14251	242	28	https://www.wsj.com/finance/investing/bill-ackman-pershing-square-ipo-0c34b44f	https://www.wsj.com/finance/investing/bill-ackman-pershing-square-ipo-0c34b44f	PROPN
cblr-14251	243	1	[	[	X
cblr-14251	243	2	https://perma.cc/adx7-pv84	https://perma.cc/adx7-pv84	NOUN
cblr-14251	243	3	]	]	X
cblr-14251	243	4	(	(	PUNCT
cblr-14251	243	5	ackman	ackman	NOUN
cblr-14251	243	6	has	have	AUX
cblr-14251	243	7	“	"	PUNCT
cblr-14251	243	8	supercharged	supercharge	VERB
cblr-14251	243	9	his	his	PRON
cblr-14251	243	10	profile	profile	NOUN
cblr-14251	243	11	with	with	ADP
cblr-14251	243	12	social	social	ADJ
cblr-14251	243	13	crusades	crusade	NOUN
cblr-14251	243	14	on	on	ADP
cblr-14251	243	15	x	x	NOUN
cblr-14251	243	16	,	,	PUNCT
cblr-14251	243	17	formerly	formerly	ADV
cblr-14251	243	18	known	know	VERB
cblr-14251	243	19	as	as	ADP
cblr-14251	243	20	twitter	twitter	NOUN
cblr-14251	243	21	”	"	PUNCT
cblr-14251	243	22	)	)	PUNCT
cblr-14251	243	23	.	.	PUNCT
cblr-14251	244	1	67	67	NUM
cblr-14251	244	2	see	see	PROPN
cblr-14251	244	3	levine	levine	PROPN
cblr-14251	244	4	,	,	PUNCT
cblr-14251	244	5	supra	supra	PROPN
cblr-14251	244	6	note	note	NOUN
cblr-14251	244	7	65	65	NUM
cblr-14251	244	8	.	.	PUNCT
cblr-14251	244	9	68	68	NUM
cblr-14251	244	10	see	see	VERB
cblr-14251	244	11	matt	matt	PROPN
cblr-14251	244	12	levine	levine	PROPN
cblr-14251	244	13	,	,	PUNCT
cblr-14251	244	14	bill	bill	PROPN
cblr-14251	244	15	ackman	ackman	PROPN
cblr-14251	244	16	can	can	AUX
cblr-14251	244	17	tweet	tweet	VERB
cblr-14251	244	18	his	his	PRON
cblr-14251	244	19	new	new	ADJ
cblr-14251	244	20	fund	fund	NOUN
cblr-14251	244	21	,	,	PUNCT
cblr-14251	244	22	bloomberg	bloomberg	PROPN
cblr-14251	244	23	(	(	PUNCT
cblr-14251	244	24	july	july	PROPN
cblr-14251	244	25	16	16	NUM
cblr-14251	244	26	,	,	PUNCT
cblr-14251	244	27	2024	2024	NUM
cblr-14251	244	28	)	)	PUNCT
cblr-14251	244	29	,	,	PUNCT
cblr-14251	244	30	https://www.bloomberg.com/opinion/articles/2024-07-16/bill-ackman-cantweet-his-new-fund	https://www.bloomberg.com/opinion/articles/2024-07-16/bill-ackman-cantweet-his-new-fund	NOUN
cblr-14251	245	1	[	[	X
cblr-14251	245	2	https://perma.cc/yf65-h42d	https://perma.cc/yf65-h42d	NOUN
cblr-14251	245	3	]	]	X
cblr-14251	245	4	.	.	PUNCT
cblr-14251	246	1	69	69	NUM
cblr-14251	247	1	i	i	PRON
cblr-14251	247	2	d.	d.	PROPN
cblr-14251	247	3	244	244	NUM
cblr-14251	247	4	columbia	columbia	PROPN
cblr-14251	247	5	business	business	NOUN
cblr-14251	247	6	law	law	PROPN
cblr-14251	247	7	review	review	NOUN
cblr-14251	247	8	[	[	X
cblr-14251	247	9	vol	vol	NOUN
cblr-14251	247	10	.	.	PUNCT
cblr-14251	247	11	2025	2025	NUM
cblr-14251	247	12	.	.	PUNCT
cblr-14251	247	13	.	.	PUNCT
cblr-14251	248	1	media	medium	NOUN
cblr-14251	248	2	interest	interest	NOUN
cblr-14251	248	3	is	be	AUX
cblr-14251	248	4	valuable	valuable	ADJ
cblr-14251	248	5	in	in	ADP
cblr-14251	248	6	attracting	attract	VERB
cblr-14251	248	7	investor	investor	NOUN
cblr-14251	248	8	interest	interest	NOUN
cblr-14251	248	9	and	and	CCONJ
cblr-14251	248	10	also	also	ADV
cblr-14251	248	11	in	in	ADP
cblr-14251	248	12	creating	create	VERB
cblr-14251	248	13	liquidity	liquidity	NOUN
cblr-14251	248	14	for	for	ADP
cblr-14251	248	15	our	our	PRON
cblr-14251	248	16	shareholders	shareholder	NOUN
cblr-14251	248	17	.	.	PUNCT
cblr-14251	248	18	”70	”70	PROPN
cblr-14251	249	1	3	3	NUM
cblr-14251	249	2	.	.	PUNCT
cblr-14251	249	3	andrew	andrew	PROPN
cblr-14251	249	4	left	leave	VERB
cblr-14251	249	5	.	.	PUNCT
cblr-14251	250	1	on	on	ADP
cblr-14251	250	2	july	july	PROPN
cblr-14251	250	3	26	26	NUM
cblr-14251	250	4	,	,	PUNCT
cblr-14251	250	5	2024	2024	NUM
cblr-14251	250	6	,	,	PUNCT
cblr-14251	250	7	the	the	DET
cblr-14251	250	8	sec	sec	PROPN
cblr-14251	250	9	and	and	CCONJ
cblr-14251	250	10	doj	doj	PROPN
cblr-14251	250	11	announced	announce	VERB
cblr-14251	250	12	securities	security	NOUN
cblr-14251	250	13	fraud	fraud	NOUN
cblr-14251	250	14	charges	charge	NOUN
cblr-14251	250	15	against	against	ADP
cblr-14251	250	16	andrew	andrew	PROPN
cblr-14251	250	17	left	left	PROPN
cblr-14251	250	18	,	,	PUNCT
cblr-14251	250	19	an	an	DET
cblr-14251	250	20	activist	activist	ADJ
cblr-14251	250	21	short	short	ADJ
cblr-14251	250	22	seller	seller	NOUN
cblr-14251	250	23	who	who	PRON
cblr-14251	250	24	published	publish	VERB
cblr-14251	250	25	investment	investment	NOUN
cblr-14251	250	26	reports	report	NOUN
cblr-14251	250	27	and	and	CCONJ
cblr-14251	250	28	recommendations	recommendation	NOUN
cblr-14251	250	29	as	as	ADP
cblr-14251	250	30	citron	citron	NOUN
cblr-14251	250	31	research.71	research.71	NOUN
cblr-14251	250	32	according	accord	VERB
cblr-14251	250	33	to	to	ADP
cblr-14251	250	34	the	the	DET
cblr-14251	250	35	charges	charge	NOUN
cblr-14251	250	36	,	,	PUNCT
cblr-14251	250	37	left	leave	VERB
cblr-14251	250	38	used	use	VERB
cblr-14251	250	39	his	his	PRON
cblr-14251	250	40	social	social	ADJ
cblr-14251	250	41	media	medium	NOUN
cblr-14251	250	42	presence	presence	NOUN
cblr-14251	250	43	and	and	CCONJ
cblr-14251	250	44	his	his	PRON
cblr-14251	250	45	citron	citron	NOUN
cblr-14251	250	46	research	research	NOUN
cblr-14251	250	47	website	website	NOUN
cblr-14251	250	48	to	to	PART
cblr-14251	250	49	recommend	recommend	VERB
cblr-14251	250	50	that	that	SCONJ
cblr-14251	250	51	his	his	PRON
cblr-14251	250	52	followers	follower	NOUN
cblr-14251	250	53	take	take	VERB
cblr-14251	250	54	certain	certain	ADJ
cblr-14251	250	55	positions	position	NOUN
cblr-14251	250	56	in	in	ADP
cblr-14251	250	57	various	various	ADJ
cblr-14251	250	58	companies.72	companies.72	NOUN
cblr-14251	250	59	although	although	SCONJ
cblr-14251	250	60	left	leave	VERB
cblr-14251	250	61	apparently	apparently	ADV
cblr-14251	250	62	held	hold	VERB
cblr-14251	250	63	out	out	ADP
cblr-14251	250	64	that	that	SCONJ
cblr-14251	250	65	the	the	DET
cblr-14251	250	66	recommendations	recommendation	NOUN
cblr-14251	250	67	were	be	AUX
cblr-14251	250	68	consistent	consistent	ADJ
cblr-14251	250	69	with	with	ADP
cblr-14251	250	70	his	his	PRON
cblr-14251	250	71	own	own	ADJ
cblr-14251	250	72	trading	trading	NOUN
cblr-14251	250	73	positions	position	NOUN
cblr-14251	250	74	,	,	PUNCT
cblr-14251	250	75	left	leave	VERB
cblr-14251	250	76	and	and	CCONJ
cblr-14251	250	77	citron	citron	NOUN
cblr-14251	250	78	capital	capital	NOUN
cblr-14251	250	79	would	would	AUX
cblr-14251	250	80	reverse	reverse	VERB
cblr-14251	250	81	their	their	PRON
cblr-14251	250	82	positions	position	NOUN
cblr-14251	250	83	after	after	SCONJ
cblr-14251	250	84	stock	stock	NOUN
cblr-14251	250	85	prices	price	NOUN
cblr-14251	250	86	moved	move	VERB
cblr-14251	250	87	in	in	ADP
cblr-14251	250	88	response	response	NOUN
cblr-14251	250	89	to	to	PART
cblr-14251	250	90	left	left	VERB
cblr-14251	250	91	’s	’s	PART
cblr-14251	250	92	recommendations	recommendation	NOUN
cblr-14251	250	93	—	—	PUNCT
cblr-14251	250	94	on	on	ADP
cblr-14251	250	95	average	average	ADJ
cblr-14251	250	96	,	,	PUNCT
cblr-14251	250	97	moving	move	VERB
cblr-14251	250	98	70	70	NUM
cblr-14251	250	99	bill	bill	NOUN
cblr-14251	250	100	ackman	ackman	NOUN
cblr-14251	250	101	tells	tell	VERB
cblr-14251	250	102	investors	investor	NOUN
cblr-14251	250	103	his	his	PRON
cblr-14251	250	104	‘	'	PUNCT
cblr-14251	250	105	notoriety	notoriety	NOUN
cblr-14251	250	106	’	'	PUNCT
cblr-14251	250	107	will	will	AUX
cblr-14251	250	108	boost	boost	VERB
cblr-14251	250	109	new	new	ADJ
cblr-14251	250	110	fund	fund	NOUN
cblr-14251	250	111	,	,	PUNCT
cblr-14251	250	112	fin	fin	NOUN
cblr-14251	250	113	.	.	PUNCT
cblr-14251	251	1	times	times	PROPN
cblr-14251	251	2	(	(	PUNCT
cblr-14251	251	3	july	july	PROPN
cblr-14251	251	4	15	15	NUM
cblr-14251	251	5	,	,	PUNCT
cblr-14251	251	6	2024	2024	NUM
cblr-14251	251	7	)	)	PUNCT
cblr-14251	251	8	,	,	PUNCT
cblr-14251	252	1	https://www.ft.com/content/13277e79-3f89-4294-aee1-f1c2a40afbfb	https://www.ft.com/content/13277e79-3f89-4294-aee1-f1c2a40afbfb	PROPN
cblr-14251	253	1	[	[	X
cblr-14251	253	2	https://perma.cc/dy7j-gmac	https://perma.cc/dy7j-gmac	X
cblr-14251	253	3	]	]	X
cblr-14251	253	4	.	.	PUNCT
cblr-14251	254	1	in	in	ADP
cblr-14251	254	2	a	a	DET
cblr-14251	254	3	letter	letter	NOUN
cblr-14251	254	4	ackman	ackman	NOUN
cblr-14251	254	5	sent	send	VERB
cblr-14251	254	6	,	,	PUNCT
cblr-14251	254	7	he	he	PRON
cblr-14251	254	8	also	also	ADV
cblr-14251	254	9	discussed	discuss	VERB
cblr-14251	254	10	retail	retail	ADJ
cblr-14251	254	11	interest	interest	NOUN
cblr-14251	254	12	and	and	CCONJ
cblr-14251	254	13	aftermarket	aftermarket	NOUN
cblr-14251	254	14	demand	demand	NOUN
cblr-14251	254	15	.	.	PUNCT
cblr-14251	255	1	pershing	pershing	PROPN
cblr-14251	255	2	square	square	PROPN
cblr-14251	255	3	usa	usa	PROPN
cblr-14251	255	4	,	,	PUNCT
cblr-14251	255	5	ltd	ltd	PROPN
cblr-14251	255	6	.	.	PROPN
cblr-14251	255	7	,	,	PUNCT
cblr-14251	255	8	issuer	issuer	NOUN
cblr-14251	255	9	free	free	ADJ
cblr-14251	255	10	writing	writing	NOUN
cblr-14251	255	11	prospectus	prospectus	NOUN
cblr-14251	255	12	(	(	PUNCT
cblr-14251	255	13	2024	2024	NUM
cblr-14251	255	14	)	)	PUNCT
cblr-14251	255	15	,	,	PUNCT
cblr-14251	255	16	https://www.sec.gov/archives/edgar/data/2002660/000119312524184256/d813540df	https://www.sec.gov/archives/edgar/data/2002660/000119312524184256/d813540df	NOUN
cblr-14251	255	17	wp.htm	wp.htm	NOUN
cblr-14251	255	18	(	(	PUNCT
cblr-14251	255	19	“	"	PUNCT
cblr-14251	255	20	[	[	X
cblr-14251	255	21	w]e	w]e	NOUN
cblr-14251	255	22	believe	believe	VERB
cblr-14251	255	23	that	that	SCONJ
cblr-14251	255	24	u.s	u.s	PROPN
cblr-14251	255	25	.	.	PROPN
cblr-14251	255	26	retail	retail	NOUN
cblr-14251	255	27	will	will	AUX
cblr-14251	255	28	be	be	AUX
cblr-14251	255	29	huge	huge	ADJ
cblr-14251	255	30	source	source	NOUN
cblr-14251	255	31	of	of	ADP
cblr-14251	255	32	aftermarket	aftermarket	NOUN
cblr-14251	255	33	demand	demand	NOUN
cblr-14251	255	34	.	.	PUNCT
cblr-14251	255	35	”	"	PUNCT
cblr-14251	255	36	)	)	PUNCT
cblr-14251	255	37	.	.	PUNCT
cblr-14251	256	1	presumably	presumably	ADV
cblr-14251	256	2	this	this	PRON
cblr-14251	256	3	is	be	AUX
cblr-14251	256	4	due	due	ADJ
cblr-14251	256	5	to	to	ADP
cblr-14251	256	6	the	the	DET
cblr-14251	256	7	fact	fact	NOUN
cblr-14251	256	8	that	that	SCONJ
cblr-14251	256	9	most	most	ADJ
cblr-14251	256	10	retail	retail	ADJ
cblr-14251	256	11	investors	investor	NOUN
cblr-14251	256	12	will	will	AUX
cblr-14251	256	13	likely	likely	ADV
cblr-14251	256	14	not	not	PART
cblr-14251	256	15	get	get	VERB
cblr-14251	256	16	shares	share	NOUN
cblr-14251	256	17	in	in	ADP
cblr-14251	256	18	the	the	DET
cblr-14251	256	19	ipo	ipo	NOUN
cblr-14251	256	20	;	;	PUNCT
cblr-14251	256	21	instead	instead	ADV
cblr-14251	256	22	,	,	PUNCT
cblr-14251	256	23	they	they	PRON
cblr-14251	256	24	will	will	AUX
cblr-14251	256	25	buy	buy	VERB
cblr-14251	256	26	shares	share	NOUN
cblr-14251	256	27	in	in	ADP
cblr-14251	256	28	the	the	DET
cblr-14251	256	29	aftermarket	aftermarket	NOUN
cblr-14251	256	30	,	,	PUNCT
cblr-14251	256	31	which	which	PRON
cblr-14251	256	32	will	will	AUX
cblr-14251	256	33	drive	drive	VERB
cblr-14251	256	34	demand	demand	NOUN
cblr-14251	256	35	and	and	CCONJ
cblr-14251	256	36	therefore	therefore	ADV
cblr-14251	256	37	the	the	DET
cblr-14251	256	38	share	share	NOUN
cblr-14251	256	39	price	price	NOUN
cblr-14251	256	40	up	up	ADP
cblr-14251	256	41	.	.	PUNCT
cblr-14251	257	1	see	see	VERB
cblr-14251	257	2	matt	matt	PROPN
cblr-14251	257	3	levine	levine	PROPN
cblr-14251	257	4	,	,	PUNCT
cblr-14251	257	5	bill	bill	PROPN
cblr-14251	257	6	ackman	ackman	PROPN
cblr-14251	257	7	wants	want	VERB
cblr-14251	257	8	less	less	ADJ
cblr-14251	257	9	money	money	NOUN
cblr-14251	257	10	,	,	PUNCT
cblr-14251	257	11	bloomberg	bloomberg	PROPN
cblr-14251	257	12	(	(	PUNCT
cblr-14251	257	13	july	july	PROPN
cblr-14251	257	14	25	25	NUM
cblr-14251	257	15	,	,	PUNCT
cblr-14251	257	16	2024	2024	NUM
cblr-14251	257	17	)	)	PUNCT
cblr-14251	257	18	,	,	PUNCT
cblr-14251	257	19	https://www.bloomberg.com/opinion/articles/2024-0725/bill-ackman-wants-less-money	https://www.bloomberg.com/opinion/articles/2024-0725/bill-ackman-wants-less-money	NOUN
cblr-14251	258	1	[	[	X
cblr-14251	258	2	https://perma.cc/2t84-8vnc	https://perma.cc/2t84-8vnc	X
cblr-14251	258	3	]	]	PUNCT
cblr-14251	258	4	.	.	PUNCT
cblr-14251	259	1	71	71	NUM
cblr-14251	259	2	press	press	NOUN
cblr-14251	259	3	release	release	NOUN
cblr-14251	259	4	,	,	PUNCT
cblr-14251	259	5	sec	sec	PROPN
cblr-14251	259	6	,	,	PUNCT
cblr-14251	259	7	sec	sec	PROPN
cblr-14251	259	8	charges	charge	NOUN
cblr-14251	259	9	andrew	andrew	PROPN
cblr-14251	259	10	left	leave	VERB
cblr-14251	259	11	and	and	CCONJ
cblr-14251	259	12	citron	citron	NOUN
cblr-14251	259	13	capital	capital	NOUN
cblr-14251	259	14	for	for	ADP
cblr-14251	259	15	$	$	SYM
cblr-14251	259	16	20	20	NUM
cblr-14251	259	17	million	million	NUM
cblr-14251	259	18	fraud	fraud	NOUN
cblr-14251	259	19	scheme	scheme	NOUN
cblr-14251	259	20	(	(	PUNCT
cblr-14251	259	21	july	july	PROPN
cblr-14251	259	22	26	26	NUM
cblr-14251	259	23	,	,	PUNCT
cblr-14251	259	24	2024	2024	NUM
cblr-14251	259	25	)	)	PUNCT
cblr-14251	259	26	,	,	PUNCT
cblr-14251	259	27	https://www.sec.gov/newsroom/pressreleases/2024-89	https://www.sec.gov/newsroom/pressreleases/2024-89	NUM
cblr-14251	259	28	;	;	PUNCT
cblr-14251	259	29	press	press	NOUN
cblr-14251	259	30	release	release	NOUN
cblr-14251	259	31	,	,	PUNCT
cblr-14251	259	32	dep’t	dep’t	NOUN
cblr-14251	259	33	of	of	ADP
cblr-14251	259	34	just	just	ADV
cblr-14251	259	35	.	.	PUNCT
cblr-14251	260	1	,	,	PUNCT
cblr-14251	260	2	activist	activist	ADJ
cblr-14251	260	3	short	short	ADJ
cblr-14251	260	4	seller	seller	NOUN
cblr-14251	260	5	charged	charge	VERB
cblr-14251	260	6	for	for	ADP
cblr-14251	260	7	$	$	SYM
cblr-14251	260	8	16	16	NUM
cblr-14251	260	9	m	m	NOUN
cblr-14251	260	10	stock	stock	NOUN
cblr-14251	260	11	market	market	NOUN
cblr-14251	260	12	manipulation	manipulation	NOUN
cblr-14251	260	13	scheme	scheme	NOUN
cblr-14251	260	14	(	(	PUNCT
cblr-14251	260	15	july	july	PROPN
cblr-14251	260	16	26	26	NUM
cblr-14251	260	17	,	,	PUNCT
cblr-14251	260	18	2024	2024	NUM
cblr-14251	260	19	)	)	PUNCT
cblr-14251	260	20	,	,	PUNCT
cblr-14251	260	21	https://www.justice.gov/opa/pr/activist-short-seller-charged-16m-stock-marketmanipulation-scheme	https://www.justice.gov/opa/pr/activist-short-seller-charged-16m-stock-marketmanipulation-scheme	PROPN
cblr-14251	261	1	[	[	X
cblr-14251	261	2	https://perma.cc/urh7-uyhz	https://perma.cc/urh7-uyhz	PROPN
cblr-14251	261	3	]	]	PUNCT
cblr-14251	261	4	.	.	PUNCT
cblr-14251	261	5	72	72	NUM
cblr-14251	261	6	press	press	NOUN
cblr-14251	261	7	release	release	NOUN
cblr-14251	261	8	,	,	PUNCT
cblr-14251	261	9	sec	sec	PROPN
cblr-14251	261	10	,	,	PUNCT
cblr-14251	261	11	sec	sec	PROPN
cblr-14251	261	12	charges	charge	NOUN
cblr-14251	261	13	andrew	andrew	PROPN
cblr-14251	261	14	left	leave	VERB
cblr-14251	261	15	and	and	CCONJ
cblr-14251	261	16	citron	citron	NOUN
cblr-14251	261	17	capital	capital	NOUN
cblr-14251	261	18	for	for	ADP
cblr-14251	261	19	$	$	SYM
cblr-14251	261	20	20	20	NUM
cblr-14251	261	21	million	million	NUM
cblr-14251	261	22	fraud	fraud	NOUN
cblr-14251	261	23	scheme	scheme	NOUN
cblr-14251	261	24	(	(	PUNCT
cblr-14251	261	25	july	july	PROPN
cblr-14251	261	26	26	26	NUM
cblr-14251	261	27	,	,	PUNCT
cblr-14251	261	28	2024	2024	NUM
cblr-14251	261	29	)	)	PUNCT
cblr-14251	261	30	,	,	PUNCT
cblr-14251	261	31	https://www.sec.gov/newsroom/pressreleases/2024-89	https://www.sec.gov/newsroom/pressreleases/2024-89	X
cblr-14251	261	32	.	.	PUNCT
cblr-14251	262	1	no	no	INTJ
cblr-14251	262	2	.	.	NOUN
cblr-14251	262	3	1	1	NUM
cblr-14251	262	4	]	]	PUNCT
cblr-14251	262	5	securities	security	NOUN
cblr-14251	262	6	fraud	fraud	NOUN
cblr-14251	262	7	and	and	CCONJ
cblr-14251	262	8	the	the	DET
cblr-14251	262	9	market	market	NOUN
cblr-14251	262	10	for	for	ADP
cblr-14251	262	11	individual	individual	ADJ
cblr-14251	262	12	stocks	stock	NOUN
cblr-14251	262	13	245	245	NUM
cblr-14251	262	14	more	more	ADJ
cblr-14251	262	15	than	than	ADP
cblr-14251	262	16	12%.73	12%.73	NUM
cblr-14251	262	17	left	leave	VERB
cblr-14251	262	18	allegedly	allegedly	ADV
cblr-14251	262	19	generated	generate	VERB
cblr-14251	262	20	approximately	approximately	ADV
cblr-14251	262	21	$	$	SYM
cblr-14251	262	22	20	20	NUM
cblr-14251	262	23	million	million	NUM
cblr-14251	262	24	in	in	ADP
cblr-14251	262	25	profits	profit	NOUN
cblr-14251	262	26	as	as	ADP
cblr-14251	262	27	a	a	DET
cblr-14251	262	28	result.74	result.74	NOUN
cblr-14251	262	29	left	leave	VERB
cblr-14251	262	30	was	be	AUX
cblr-14251	262	31	active	active	ADJ
cblr-14251	262	32	on	on	ADP
cblr-14251	262	33	social	social	ADJ
cblr-14251	262	34	media	medium	NOUN
cblr-14251	262	35	,	,	PUNCT
cblr-14251	262	36	news	news	NOUN
cblr-14251	262	37	programs	program	NOUN
cblr-14251	262	38	,	,	PUNCT
cblr-14251	262	39	podcasts	podcast	NOUN
cblr-14251	262	40	,	,	PUNCT
cblr-14251	262	41	and	and	CCONJ
cblr-14251	262	42	other	other	ADJ
cblr-14251	262	43	outlets	outlet	NOUN
cblr-14251	262	44	,	,	PUNCT
cblr-14251	262	45	on	on	ADP
cblr-14251	262	46	which	which	PRON
cblr-14251	262	47	he	he	PRON
cblr-14251	262	48	cultivated	cultivate	VERB
cblr-14251	262	49	a	a	DET
cblr-14251	262	50	public	public	ADJ
cblr-14251	262	51	persona.75	persona.75	NOUN
cblr-14251	262	52	as	as	ADP
cblr-14251	262	53	a	a	DET
cblr-14251	262	54	result	result	NOUN
cblr-14251	262	55	,	,	PUNCT
cblr-14251	262	56	left	leave	VERB
cblr-14251	262	57	was	be	AUX
cblr-14251	262	58	allegedly	allegedly	ADV
cblr-14251	262	59	able	able	ADJ
cblr-14251	262	60	to	to	PART
cblr-14251	262	61	influence	influence	VERB
cblr-14251	262	62	his	his	PRON
cblr-14251	262	63	followers	follower	NOUN
cblr-14251	262	64	’	’	PART
cblr-14251	262	65	trading	trading	NOUN
cblr-14251	262	66	behavior	behavior	NOUN
cblr-14251	262	67	.	.	PUNCT
cblr-14251	263	1	this	this	PRON
cblr-14251	263	2	then	then	ADV
cblr-14251	263	3	allowed	allow	VERB
cblr-14251	263	4	left	leave	VERB
cblr-14251	263	5	to	to	PART
cblr-14251	263	6	profit	profit	VERB
cblr-14251	263	7	off	off	ADP
cblr-14251	263	8	of	of	ADP
cblr-14251	263	9	their	their	PRON
cblr-14251	263	10	trades	trade	NOUN
cblr-14251	263	11	in	in	ADP
cblr-14251	263	12	a	a	DET
cblr-14251	263	13	predictable	predictable	ADJ
cblr-14251	263	14	manner	manner	NOUN
cblr-14251	263	15	—	—	PUNCT
cblr-14251	263	16	especially	especially	ADV
cblr-14251	263	17	as	as	SCONJ
cblr-14251	263	18	his	his	PRON
cblr-14251	263	19	social	social	ADJ
cblr-14251	263	20	media	medium	NOUN
cblr-14251	263	21	activity	activity	NOUN
cblr-14251	263	22	and	and	CCONJ
cblr-14251	263	23	investment	investment	NOUN
cblr-14251	263	24	reports	report	NOUN
cblr-14251	263	25	would	would	AUX
cblr-14251	263	26	often	often	ADV
cblr-14251	263	27	be	be	AUX
cblr-14251	263	28	reposted	reposte	VERB
cblr-14251	263	29	and	and	CCONJ
cblr-14251	263	30	disseminated	disseminate	VERB
cblr-14251	263	31	by	by	ADP
cblr-14251	263	32	other	other	ADJ
cblr-14251	263	33	news	news	NOUN
cblr-14251	263	34	media.76	media.76	PROPN
cblr-14251	263	35	according	accord	VERB
cblr-14251	263	36	to	to	ADP
cblr-14251	263	37	the	the	DET
cblr-14251	263	38	doj	doj	PROPN
cblr-14251	263	39	,	,	PUNCT
cblr-14251	263	40	left	leave	VERB
cblr-14251	263	41	“	"	PUNCT
cblr-14251	263	42	routinely	routinely	ADV
cblr-14251	263	43	included	include	VERB
cblr-14251	263	44	sensationalized	sensationalize	VERB
cblr-14251	263	45	headlines	headline	NOUN
cblr-14251	263	46	and	and	CCONJ
cblr-14251	263	47	exaggerated	exaggerated	ADJ
cblr-14251	263	48	language	language	NOUN
cblr-14251	263	49	to	to	PART
cblr-14251	263	50	maximize	maximize	VERB
cblr-14251	263	51	the	the	DET
cblr-14251	263	52	reaction	reaction	NOUN
cblr-14251	263	53	it	it	PRON
cblr-14251	263	54	would	would	AUX
cblr-14251	263	55	get	get	VERB
cblr-14251	263	56	73	73	NUM
cblr-14251	263	57	i	i	PRON
cblr-14251	263	58	d.	d.	PROPN
cblr-14251	263	59	(	(	PUNCT
cblr-14251	263	60	alleging	allege	VERB
cblr-14251	263	61	that	that	PRON
cblr-14251	263	62	left	leave	VERB
cblr-14251	263	63	“	"	PUNCT
cblr-14251	263	64	bought	buy	VERB
cblr-14251	263	65	back	back	ADP
cblr-14251	263	66	stock	stock	NOUN
cblr-14251	263	67	immediately	immediately	ADV
cblr-14251	263	68	after	after	ADP
cblr-14251	263	69	telling	tell	VERB
cblr-14251	263	70	his	his	PRON
cblr-14251	263	71	readers	reader	NOUN
cblr-14251	263	72	to	to	PART
cblr-14251	263	73	sell	sell	VERB
cblr-14251	263	74	,	,	PUNCT
cblr-14251	263	75	and	and	CCONJ
cblr-14251	263	76	he	he	PRON
cblr-14251	263	77	sold	sell	VERB
cblr-14251	263	78	stock	stock	NOUN
cblr-14251	263	79	immediately	immediately	ADV
cblr-14251	263	80	after	after	ADP
cblr-14251	263	81	telling	tell	VERB
cblr-14251	263	82	his	his	PRON
cblr-14251	263	83	readers	reader	NOUN
cblr-14251	263	84	to	to	PART
cblr-14251	263	85	buy	buy	VERB
cblr-14251	263	86	”	"	PUNCT
cblr-14251	263	87	)	)	PUNCT
cblr-14251	263	88	.	.	PUNCT
cblr-14251	264	1	one	one	NUM
cblr-14251	264	2	representative	representative	ADJ
cblr-14251	264	3	example	example	NOUN
cblr-14251	264	4	involves	involve	VERB
cblr-14251	264	5	cronos	cronos	PROPN
cblr-14251	264	6	group	group	PROPN
cblr-14251	264	7	,	,	PUNCT
cblr-14251	264	8	a	a	DET
cblr-14251	264	9	canadian	canadian	ADJ
cblr-14251	264	10	cannabis	cannabis	NOUN
cblr-14251	264	11	company	company	NOUN
cblr-14251	264	12	with	with	ADP
cblr-14251	264	13	the	the	DET
cblr-14251	264	14	ticker	ticker	PROPN
cblr-14251	264	15	cron	cron	PROPN
cblr-14251	264	16	.	.	PUNCT
cblr-14251	265	1	complaint	complaint	NOUN
cblr-14251	265	2	,	,	PUNCT
cblr-14251	265	3	sec	sec	PROPN
cblr-14251	265	4	v.	v.	PROPN
cblr-14251	265	5	left	leave	VERB
cblr-14251	265	6	,	,	PUNCT
cblr-14251	265	7	no	no	INTJ
cblr-14251	265	8	.	.	NOUN
cblr-14251	265	9	24	24	NUM
cblr-14251	265	10	-	-	PUNCT
cblr-14251	265	11	cv-06311	cv-06311	NOUN
cblr-14251	265	12	,	,	PUNCT
cblr-14251	265	13	at	at	ADP
cblr-14251	265	14	20–21	20–21	NUM
cblr-14251	265	15	(	(	PUNCT
cblr-14251	265	16	c.d	c.d	PROPN
cblr-14251	265	17	.	.	PROPN
cblr-14251	265	18	cal	cal	PROPN
cblr-14251	265	19	.	.	PUNCT
cblr-14251	266	1	july	july	PROPN
cblr-14251	266	2	27	27	NUM
cblr-14251	266	3	,	,	PUNCT
cblr-14251	266	4	2024	2024	NUM
cblr-14251	266	5	)	)	PUNCT
cblr-14251	266	6	.	.	PUNCT
cblr-14251	267	1	left	leave	VERB
cblr-14251	267	2	published	publish	VERB
cblr-14251	267	3	a	a	DET
cblr-14251	267	4	report	report	NOUN
cblr-14251	267	5	on	on	ADP
cblr-14251	267	6	cronos	cronos	PROPN
cblr-14251	267	7	group	group	NOUN
cblr-14251	267	8	and	and	CCONJ
cblr-14251	267	9	tweeted	tweet	VERB
cblr-14251	267	10	:	:	PUNCT
cblr-14251	267	11	“	"	PUNCT
cblr-14251	267	12	$	$	SYM
cblr-14251	267	13	cron	cron	NOUN
cblr-14251	267	14	tgt	tgt	X
cblr-14251	267	15	price	price	PROPN
cblr-14251	267	16	$	$	SYM
cblr-14251	267	17	3.5	3.5	NUM
cblr-14251	267	18	.	.	PUNCT
cblr-14251	268	1	everything	everything	PRON
cblr-14251	268	2	that	that	PRON
cblr-14251	268	3	is	be	AUX
cblr-14251	268	4	contaminated	contaminate	VERB
cblr-14251	268	5	about	about	ADP
cblr-14251	268	6	the	the	DET
cblr-14251	268	7	cannabis	cannabis	NOUN
cblr-14251	268	8	space	space	NOUN
cblr-14251	268	9	.	.	PUNCT
cblr-14251	269	1	all	all	DET
cblr-14251	269	2	hype	hype	NOUN
cblr-14251	269	3	with	with	ADP
cblr-14251	269	4	possible	possible	ADJ
cblr-14251	269	5	securities	security	NOUN
cblr-14251	269	6	fraud	fraud	NOUN
cblr-14251	269	7	.	.	PUNCT
cblr-14251	269	8	”	"	PUNCT
cblr-14251	270	1	i	i	PRON
cblr-14251	270	2	d.	d.	PROPN
cblr-14251	270	3	at	at	ADP
cblr-14251	270	4	21	21	NUM
cblr-14251	270	5	.	.	PUNCT
cblr-14251	271	1	then	then	ADV
cblr-14251	271	2	,	,	PUNCT
cblr-14251	271	3	on	on	ADP
cblr-14251	271	4	cnbc	cnbc	PROPN
cblr-14251	271	5	’s	’s	PART
cblr-14251	271	6	fast	fast	ADJ
cblr-14251	271	7	money	money	NOUN
cblr-14251	271	8	,	,	PUNCT
cblr-14251	271	9	left	leave	VERB
cblr-14251	271	10	was	be	AUX
cblr-14251	271	11	asked	ask	VERB
cblr-14251	271	12	whether	whether	SCONJ
cblr-14251	271	13	he	he	PRON
cblr-14251	271	14	was	be	AUX
cblr-14251	271	15	“	"	PUNCT
cblr-14251	271	16	just	just	ADV
cblr-14251	271	17	as	as	ADV
cblr-14251	271	18	short	short	ADJ
cblr-14251	271	19	the	the	DET
cblr-14251	271	20	stock	stock	NOUN
cblr-14251	271	21	right	right	ADV
cblr-14251	271	22	now	now	ADV
cblr-14251	271	23	as	as	SCONJ
cblr-14251	271	24	you	you	PRON
cblr-14251	271	25	were	be	AUX
cblr-14251	271	26	at	at	ADP
cblr-14251	271	27	the	the	DET
cblr-14251	271	28	beginning	beginning	NOUN
cblr-14251	271	29	of	of	ADP
cblr-14251	271	30	the	the	DET
cblr-14251	271	31	day	day	NOUN
cblr-14251	271	32	,	,	PUNCT
cblr-14251	271	33	”	"	PUNCT
cblr-14251	271	34	and	and	CCONJ
cblr-14251	271	35	left	leave	VERB
cblr-14251	271	36	said	say	VERB
cblr-14251	271	37	that	that	SCONJ
cblr-14251	271	38	he	he	PRON
cblr-14251	271	39	“	"	PUNCT
cblr-14251	271	40	took	take	VERB
cblr-14251	271	41	a	a	DET
cblr-14251	271	42	small	small	ADJ
cblr-14251	271	43	size	size	NOUN
cblr-14251	271	44	position	position	NOUN
cblr-14251	271	45	off	off	ADP
cblr-14251	271	46	today	today	NOUN
cblr-14251	271	47	but	but	CCONJ
cblr-14251	271	48	i	i	PRON
cblr-14251	271	49	am	be	AUX
cblr-14251	271	50	still	still	ADV
cblr-14251	271	51	extremely	extremely	ADV
cblr-14251	271	52	short	short	ADJ
cblr-14251	271	53	the	the	DET
cblr-14251	271	54	stock	stock	NOUN
cblr-14251	271	55	.	.	PUNCT
cblr-14251	271	56	”	"	PUNCT
cblr-14251	272	1	i	i	PRON
cblr-14251	272	2	d.	d.	PROPN
cblr-14251	272	3	he	he	PRON
cblr-14251	272	4	also	also	ADV
cblr-14251	272	5	restated	restate	VERB
cblr-14251	272	6	that	that	SCONJ
cblr-14251	272	7	he	he	PRON
cblr-14251	272	8	believed	believe	VERB
cblr-14251	272	9	that	that	SCONJ
cblr-14251	272	10	cron	cron	NOUN
cblr-14251	272	11	would	would	AUX
cblr-14251	272	12	fall	fall	VERB
cblr-14251	272	13	to	to	ADP
cblr-14251	272	14	$	$	SYM
cblr-14251	272	15	3.50	3.50	NUM
cblr-14251	272	16	.	.	PUNCT
cblr-14251	273	1	i	i	PRON
cblr-14251	273	2	d.	d.	PROPN
cblr-14251	273	3	however	however	ADV
cblr-14251	273	4	,	,	PUNCT
cblr-14251	273	5	left	leave	VERB
cblr-14251	273	6	had	have	AUX
cblr-14251	273	7	in	in	ADP
cblr-14251	273	8	fact	fact	NOUN
cblr-14251	273	9	already	already	ADV
cblr-14251	273	10	exited	exit	VERB
cblr-14251	273	11	more	more	ADJ
cblr-14251	273	12	than	than	ADP
cblr-14251	273	13	75	75	NUM
cblr-14251	273	14	%	%	NOUN
cblr-14251	273	15	of	of	ADP
cblr-14251	273	16	his	his	PRON
cblr-14251	273	17	exposure	exposure	NOUN
cblr-14251	273	18	at	at	ADP
cblr-14251	273	19	prices	price	NOUN
cblr-14251	273	20	significantly	significantly	ADV
cblr-14251	273	21	higher	high	ADJ
cblr-14251	273	22	than	than	ADP
cblr-14251	273	23	$	$	SYM
cblr-14251	273	24	3.50	3.50	NUM
cblr-14251	273	25	.	.	PUNCT
cblr-14251	274	1	i	i	PRON
cblr-14251	274	2	d.	d.	PROPN
cblr-14251	274	3	left	leave	VERB
cblr-14251	274	4	apparently	apparently	ADV
cblr-14251	274	5	then	then	ADV
cblr-14251	274	6	said	say	VERB
cblr-14251	274	7	to	to	ADP
cblr-14251	274	8	a	a	DET
cblr-14251	274	9	portfolio	portfolio	NOUN
cblr-14251	274	10	manager	manager	NOUN
cblr-14251	274	11	that	that	SCONJ
cblr-14251	274	12	“	"	PUNCT
cblr-14251	274	13	could	could	AUX
cblr-14251	274	14	write	write	VERB
cblr-14251	274	15	a	a	DET
cblr-14251	274	16	tweet	tweet	NOUN
cblr-14251	274	17	about	about	ADP
cblr-14251	274	18	a	a	DET
cblr-14251	274	19	part	part	NOUN
cblr-14251	274	20	2	2	NUM
cblr-14251	274	21	and	and	CCONJ
cblr-14251	274	22	get	get	VERB
cblr-14251	274	23	another	another	DET
cblr-14251	274	24	$	$	SYM
cblr-14251	274	25	1	1	NUM
cblr-14251	274	26	.	.	PUNCT
cblr-14251	274	27	”	"	PUNCT
cblr-14251	275	1	i	i	PRON
cblr-14251	275	2	d.	d.	PROPN
cblr-14251	275	3	in	in	ADP
cblr-14251	275	4	another	another	DET
cblr-14251	275	5	example	example	NOUN
cblr-14251	275	6	involving	involve	VERB
cblr-14251	275	7	invitae	invitae	NOUN
cblr-14251	275	8	corporation	corporation	NOUN
cblr-14251	275	9	(	(	PUNCT
cblr-14251	275	10	nvta	nvta	PROPN
cblr-14251	275	11	)	)	PUNCT
cblr-14251	275	12	,	,	PUNCT
cblr-14251	275	13	left	leave	VERB
cblr-14251	275	14	told	tell	VERB
cblr-14251	275	15	a	a	DET
cblr-14251	275	16	colleague	colleague	NOUN
cblr-14251	275	17	that	that	PRON
cblr-14251	275	18	left	leave	VERB
cblr-14251	275	19	hoped	hope	VERB
cblr-14251	275	20	to	to	PART
cblr-14251	275	21	“	"	PUNCT
cblr-14251	275	22	get	get	VERB
cblr-14251	275	23	stock	stock	NOUN
cblr-14251	275	24	to	to	ADP
cblr-14251	275	25	30	30	NUM
cblr-14251	275	26	”	"	PUNCT
cblr-14251	275	27	and	and	CCONJ
cblr-14251	275	28	asked	ask	VERB
cblr-14251	275	29	“	"	PUNCT
cblr-14251	275	30	[	[	X
cblr-14251	275	31	w]hat	w]hat	PRON
cblr-14251	275	32	can	can	AUX
cblr-14251	275	33	i	i	PRON
cblr-14251	275	34	put	put	VERB
cblr-14251	275	35	in	in	ADP
cblr-14251	275	36	a	a	DET
cblr-14251	275	37	tweet	tweet	NOUN
cblr-14251	275	38	to	to	PART
cblr-14251	275	39	juice	juice	VERB
cblr-14251	275	40	it	it	PRON
cblr-14251	275	41	[	[	X
cblr-14251	275	42	?	?	PUNCT
cblr-14251	275	43	]	]	X
cblr-14251	275	44	”	"	PUNCT
cblr-14251	275	45	i	i	PRON
cblr-14251	275	46	d.	d.	PROPN
cblr-14251	275	47	at	at	ADP
cblr-14251	275	48	18	18	NUM
cblr-14251	275	49	.	.	PUNCT
cblr-14251	276	1	left	leave	VERB
cblr-14251	276	2	later	later	ADV
cblr-14251	276	3	tweeted	tweet	VERB
cblr-14251	276	4	that	that	SCONJ
cblr-14251	276	5	he	he	PRON
cblr-14251	276	6	was	be	AUX
cblr-14251	276	7	“	"	PUNCT
cblr-14251	276	8	certain	certain	ADJ
cblr-14251	276	9	that	that	DET
cblr-14251	276	10	invitae	invitae	NOUN
cblr-14251	276	11	is	be	AUX
cblr-14251	276	12	on	on	ADP
cblr-14251	276	13	its	its	PRON
cblr-14251	276	14	way	way	NOUN
cblr-14251	276	15	to	to	ADP
cblr-14251	276	16	$	$	SYM
cblr-14251	276	17	100	100	NUM
cblr-14251	276	18	”	"	PUNCT
cblr-14251	276	19	and	and	CCONJ
cblr-14251	276	20	“	"	PUNCT
cblr-14251	276	21	will	will	AUX
cblr-14251	276	22	continue	continue	VERB
cblr-14251	276	23	to	to	PART
cblr-14251	276	24	stay	stay	VERB
cblr-14251	276	25	long	long	ADV
cblr-14251	276	26	until	until	SCONJ
cblr-14251	276	27	the	the	DET
cblr-14251	276	28	stock	stock	NOUN
cblr-14251	276	29	hits	hit	VERB
cblr-14251	276	30	at	at	ADV
cblr-14251	276	31	least	least	ADV
cblr-14251	276	32	$	$	SYM
cblr-14251	276	33	65	65	NUM
cblr-14251	276	34	as	as	SCONJ
cblr-14251	276	35	we	we	PRON
cblr-14251	276	36	believe	believe	VERB
cblr-14251	276	37	it	it	PRON
cblr-14251	276	38	is	be	AUX
cblr-14251	276	39	on	on	ADP
cblr-14251	276	40	its	its	PRON
cblr-14251	276	41	way	way	NOUN
cblr-14251	276	42	to	to	ADP
cblr-14251	276	43	$	$	SYM
cblr-14251	276	44	100	100	NUM
cblr-14251	276	45	.	.	PUNCT
cblr-14251	276	46	”	"	PUNCT
cblr-14251	277	1	i	i	PRON
cblr-14251	277	2	d.	d.	PROPN
cblr-14251	277	3	he	he	PRON
cblr-14251	277	4	nevertheless	nevertheless	ADV
cblr-14251	277	5	sold	sell	VERB
cblr-14251	277	6	nvta	nvta	ADV
cblr-14251	277	7	that	that	DET
cblr-14251	277	8	same	same	ADJ
cblr-14251	277	9	day	day	NOUN
cblr-14251	277	10	at	at	ADP
cblr-14251	277	11	prices	price	NOUN
cblr-14251	277	12	ranging	range	VERB
cblr-14251	277	13	from	from	ADP
cblr-14251	277	14	$	$	SYM
cblr-14251	277	15	27	27	NUM
cblr-14251	277	16	to	to	PART
cblr-14251	277	17	$	$	SYM
cblr-14251	277	18	28	28	NUM
cblr-14251	277	19	.	.	PUNCT
cblr-14251	278	1	i	i	PRON
cblr-14251	278	2	d.	d.	PROPN
cblr-14251	278	3	74	74	NUM
cblr-14251	278	4	complaint	complaint	NOUN
cblr-14251	278	5	,	,	PUNCT
cblr-14251	278	6	sec	sec	PROPN
cblr-14251	278	7	v.	v.	PROPN
cblr-14251	278	8	left	leave	VERB
cblr-14251	278	9	,	,	PUNCT
cblr-14251	278	10	no	no	INTJ
cblr-14251	278	11	.	.	NOUN
cblr-14251	278	12	24	24	NUM
cblr-14251	278	13	-	-	PUNCT
cblr-14251	278	14	cv-06311	cv-06311	NOUN
cblr-14251	278	15	,	,	PUNCT
cblr-14251	278	16	at	at	ADP
cblr-14251	278	17	2	2	NUM
cblr-14251	278	18	(	(	PUNCT
cblr-14251	278	19	c.d	c.d	PROPN
cblr-14251	278	20	.	.	PROPN
cblr-14251	278	21	cal	cal	PROPN
cblr-14251	278	22	.	.	PUNCT
cblr-14251	279	1	july	july	PROPN
cblr-14251	279	2	27	27	NUM
cblr-14251	279	3	,	,	PUNCT
cblr-14251	279	4	2024	2024	NUM
cblr-14251	279	5	)	)	PUNCT
cblr-14251	279	6	.	.	PUNCT
cblr-14251	280	1	75	75	NUM
cblr-14251	280	2	press	press	NOUN
cblr-14251	280	3	release	release	NOUN
cblr-14251	280	4	,	,	PUNCT
cblr-14251	280	5	dep’t	dep’t	NOUN
cblr-14251	280	6	of	of	ADP
cblr-14251	280	7	just	just	ADV
cblr-14251	280	8	.	.	PUNCT
cblr-14251	280	9	,	,	PUNCT
cblr-14251	280	10	activist	activist	ADJ
cblr-14251	280	11	short	short	ADJ
cblr-14251	280	12	seller	seller	NOUN
cblr-14251	280	13	charged	charge	VERB
cblr-14251	280	14	for	for	ADP
cblr-14251	280	15	$	$	SYM
cblr-14251	280	16	16	16	NUM
cblr-14251	280	17	m	m	NOUN
cblr-14251	280	18	stock	stock	NOUN
cblr-14251	280	19	market	market	NOUN
cblr-14251	280	20	manipulation	manipulation	NOUN
cblr-14251	280	21	scheme	scheme	NOUN
cblr-14251	280	22	(	(	PUNCT
cblr-14251	280	23	july	july	PROPN
cblr-14251	280	24	26	26	NUM
cblr-14251	280	25	,	,	PUNCT
cblr-14251	280	26	2024	2024	NUM
cblr-14251	280	27	)	)	PUNCT
cblr-14251	280	28	,	,	PUNCT
cblr-14251	280	29	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	PROPN
cblr-14251	280	30	[	[	X
cblr-14251	280	31	https://perma.cc/urh7-uyhz	https://perma.cc/urh7-uyhz	PROPN
cblr-14251	280	32	]	]	PUNCT
cblr-14251	280	33	.	.	PUNCT
cblr-14251	281	1	the	the	DET
cblr-14251	281	2	sec	sec	PROPN
cblr-14251	281	3	complaint	complaint	NOUN
cblr-14251	281	4	mentions	mention	VERB
cblr-14251	281	5	that	that	PRON
cblr-14251	281	6	left	leave	VERB
cblr-14251	281	7	had	have	VERB
cblr-14251	281	8	more	more	ADJ
cblr-14251	281	9	than	than	ADP
cblr-14251	281	10	100,000	100,000	NUM
cblr-14251	281	11	followers	follower	NOUN
cblr-14251	281	12	on	on	ADP
cblr-14251	281	13	twitter	twitter	NOUN
cblr-14251	281	14	.	.	PUNCT
cblr-14251	282	1	complaint	complaint	NOUN
cblr-14251	282	2	,	,	PUNCT
cblr-14251	282	3	sec	sec	PROPN
cblr-14251	282	4	v.	v.	PROPN
cblr-14251	282	5	left	leave	VERB
cblr-14251	282	6	,	,	PUNCT
cblr-14251	282	7	no	no	INTJ
cblr-14251	282	8	.	.	NOUN
cblr-14251	282	9	24	24	NUM
cblr-14251	282	10	-	-	PUNCT
cblr-14251	282	11	cv-06311	cv-06311	NOUN
cblr-14251	282	12	,	,	PUNCT
cblr-14251	282	13	at	at	ADP
cblr-14251	282	14	2	2	NUM
cblr-14251	282	15	(	(	PUNCT
cblr-14251	282	16	july	july	PROPN
cblr-14251	282	17	27	27	NUM
cblr-14251	282	18	,	,	PUNCT
cblr-14251	282	19	2024	2024	NUM
cblr-14251	282	20	)	)	PUNCT
cblr-14251	282	21	.	.	PUNCT
cblr-14251	283	1	76	76	NUM
cblr-14251	283	2	complaint	complaint	NOUN
cblr-14251	283	3	,	,	PUNCT
cblr-14251	283	4	sec	sec	PROPN
cblr-14251	283	5	v.	v.	PROPN
cblr-14251	283	6	left	leave	VERB
cblr-14251	283	7	,	,	PUNCT
cblr-14251	283	8	no	no	INTJ
cblr-14251	283	9	.	.	NOUN
cblr-14251	283	10	24	24	NUM
cblr-14251	283	11	-	-	PUNCT
cblr-14251	283	12	cv-06311	cv-06311	NOUN
cblr-14251	283	13	,	,	PUNCT
cblr-14251	283	14	at	at	ADP
cblr-14251	283	15	12	12	NUM
cblr-14251	283	16	(	(	PUNCT
cblr-14251	283	17	c.d	c.d	PROPN
cblr-14251	283	18	.	.	PROPN
cblr-14251	283	19	cal	cal	PROPN
cblr-14251	283	20	.	.	PUNCT
cblr-14251	284	1	july	july	PROPN
cblr-14251	284	2	27	27	NUM
cblr-14251	284	3	,	,	PUNCT
cblr-14251	284	4	2024	2024	NUM
cblr-14251	284	5	)	)	PUNCT
cblr-14251	284	6	(	(	PUNCT
cblr-14251	284	7	“	"	PUNCT
cblr-14251	284	8	when	when	SCONJ
cblr-14251	284	9	paired	pair	VERB
cblr-14251	284	10	with	with	ADP
cblr-14251	284	11	the	the	DET
cblr-14251	284	12	inflammatory	inflammatory	ADJ
cblr-14251	284	13	language	language	NOUN
cblr-14251	284	14	in	in	ADP
cblr-14251	284	15	the	the	DET
cblr-14251	284	16	citron	citron	NOUN
cblr-14251	284	17	research	research	NOUN
cblr-14251	284	18	publications	publication	NOUN
cblr-14251	284	19	,	,	PUNCT
cblr-14251	284	20	the	the	DET
cblr-14251	284	21	target	target	NOUN
cblr-14251	284	22	prices	price	NOUN
cblr-14251	284	23	captured	capture	VERB
cblr-14251	284	24	the	the	DET
cblr-14251	284	25	immediate	immediate	ADJ
cblr-14251	284	26	attention	attention	NOUN
cblr-14251	284	27	of	of	ADP
cblr-14251	284	28	the	the	DET
cblr-14251	284	29	press	press	NOUN
cblr-14251	284	30	,	,	PUNCT
cblr-14251	284	31	which	which	PRON
cblr-14251	284	32	led	lead	VERB
cblr-14251	284	33	to	to	ADP
cblr-14251	284	34	further	further	ADJ
cblr-14251	284	35	dissemination	dissemination	NOUN
cblr-14251	284	36	of	of	ADP
cblr-14251	284	37	the	the	DET
cblr-14251	284	38	reports	report	NOUN
cblr-14251	284	39	and	and	CCONJ
cblr-14251	284	40	tweets	tweet	NOUN
cblr-14251	284	41	.	.	PUNCT
cblr-14251	284	42	”	"	PUNCT
cblr-14251	284	43	)	)	PUNCT
cblr-14251	284	44	.	.	PUNCT
cblr-14251	285	1	246	246	NUM
cblr-14251	285	2	columbia	columbia	PROPN
cblr-14251	285	3	business	business	NOUN
cblr-14251	285	4	law	law	PROPN
cblr-14251	285	5	review	review	NOUN
cblr-14251	285	6	[	[	X
cblr-14251	285	7	vol	vol	NOUN
cblr-14251	285	8	.	.	PUNCT
cblr-14251	285	9	2025	2025	NUM
cblr-14251	285	10	from	from	ADP
cblr-14251	285	11	the	the	DET
cblr-14251	285	12	stock	stock	NOUN
cblr-14251	285	13	market	market	NOUN
cblr-14251	285	14	.	.	PUNCT
cblr-14251	285	15	”77	”77	VERB
cblr-14251	286	1	the	the	DET
cblr-14251	286	2	sec	sec	PROPN
cblr-14251	286	3	described	describe	VERB
cblr-14251	286	4	left	leave	VERB
cblr-14251	286	5	’s	’s	PART
cblr-14251	286	6	publications	publication	NOUN
cblr-14251	286	7	as	as	ADP
cblr-14251	286	8	having	have	VERB
cblr-14251	286	9	a	a	DET
cblr-14251	286	10	“	"	PUNCT
cblr-14251	286	11	sensationalist	sensationalist	ADJ
cblr-14251	286	12	exposé	exposé	NOUN
cblr-14251	286	13	style	style	NOUN
cblr-14251	286	14	.	.	PUNCT
cblr-14251	287	1	”78	”78	ADV
cblr-14251	287	2	further	far	ADV
cblr-14251	287	3	,	,	PUNCT
cblr-14251	287	4	left	leave	VERB
cblr-14251	287	5	“	"	PUNCT
cblr-14251	287	6	knowingly	knowingly	ADV
cblr-14251	287	7	exploited	exploit	VERB
cblr-14251	287	8	his	his	PRON
cblr-14251	287	9	ability	ability	NOUN
cblr-14251	287	10	to	to	PART
cblr-14251	287	11	move	move	VERB
cblr-14251	287	12	stock	stock	NOUN
cblr-14251	287	13	prices	price	NOUN
cblr-14251	287	14	by	by	ADP
cblr-14251	287	15	targeting	target	VERB
cblr-14251	287	16	stocks	stock	NOUN
cblr-14251	287	17	popular	popular	ADJ
cblr-14251	287	18	with	with	ADP
cblr-14251	287	19	retail	retail	ADJ
cblr-14251	287	20	investors	investor	NOUN
cblr-14251	287	21	and	and	CCONJ
cblr-14251	287	22	posting	post	VERB
cblr-14251	287	23	recommendations	recommendation	NOUN
cblr-14251	287	24	on	on	ADP
cblr-14251	287	25	social	social	ADJ
cblr-14251	287	26	media	medium	NOUN
cblr-14251	287	27	to	to	PART
cblr-14251	287	28	manipulate	manipulate	VERB
cblr-14251	287	29	the	the	DET
cblr-14251	287	30	market	market	NOUN
cblr-14251	287	31	and	and	CCONJ
cblr-14251	287	32	make	make	VERB
cblr-14251	287	33	fast	fast	ADJ
cblr-14251	287	34	,	,	PUNCT
cblr-14251	287	35	easy	easy	ADJ
cblr-14251	287	36	money	money	NOUN
cblr-14251	287	37	.	.	PUNCT
cblr-14251	288	1	”79	”79	PROPN
cblr-14251	288	2	e.	e.	PROPN
cblr-14251	288	3	a	a	DET
cblr-14251	288	4	demand	demand	NOUN
cblr-14251	288	5	-	-	PUNCT
cblr-14251	288	6	driven	drive	VERB
cblr-14251	288	7	market	market	NOUN
cblr-14251	288	8	in	in	ADP
cblr-14251	288	9	the	the	DET
cblr-14251	288	10	scenarios	scenario	NOUN
cblr-14251	288	11	described	describe	VERB
cblr-14251	288	12	above	above	ADP
cblr-14251	288	13	,	,	PUNCT
cblr-14251	288	14	investors	investor	NOUN
cblr-14251	288	15	—	—	PUNCT
cblr-14251	288	16	and	and	CCONJ
cblr-14251	288	17	stock	stock	NOUN
cblr-14251	288	18	prices	price	NOUN
cblr-14251	288	19	—	—	PUNCT
cblr-14251	288	20	respond	respond	VERB
cblr-14251	288	21	to	to	ADP
cblr-14251	288	22	financial	financial	ADJ
cblr-14251	288	23	information	information	NOUN
cblr-14251	288	24	—	—	PUNCT
cblr-14251	288	25	but	but	CCONJ
cblr-14251	288	26	not	not	PART
cblr-14251	288	27	solely	solely	ADV
cblr-14251	288	28	to	to	ADP
cblr-14251	288	29	financial	financial	ADJ
cblr-14251	288	30	information	information	NOUN
cblr-14251	288	31	.	.	PUNCT
cblr-14251	289	1	demand	demand	NOUN
cblr-14251	289	2	plays	play	VERB
cblr-14251	289	3	a	a	DET
cblr-14251	289	4	role	role	NOUN
cblr-14251	289	5	as	as	ADV
cblr-14251	289	6	well	well	ADV
cblr-14251	289	7	.	.	PUNCT
cblr-14251	290	1	as	as	SCONJ
cblr-14251	290	2	they	they	PRON
cblr-14251	290	3	would	would	AUX
cblr-14251	290	4	with	with	ADP
cblr-14251	290	5	traditional	traditional	ADJ
cblr-14251	290	6	consumer	consumer	NOUN
cblr-14251	290	7	goods	good	NOUN
cblr-14251	290	8	,	,	PUNCT
cblr-14251	290	9	investors	investor	NOUN
cblr-14251	290	10	expect	expect	VERB
cblr-14251	290	11	that	that	SCONJ
cblr-14251	290	12	at	at	ADV
cblr-14251	290	13	least	least	ADJ
cblr-14251	290	14	some	some	PRON
cblr-14251	290	15	of	of	ADP
cblr-14251	290	16	their	their	PRON
cblr-14251	290	17	financial	financial	ADJ
cblr-14251	290	18	investments	investment	NOUN
cblr-14251	290	19	also	also	ADV
cblr-14251	290	20	reflect	reflect	VERB
cblr-14251	290	21	their	their	PRON
cblr-14251	290	22	personal	personal	ADJ
cblr-14251	290	23	,	,	PUNCT
cblr-14251	290	24	non	non	ADJ
cblr-14251	290	25	-	-	ADJ
cblr-14251	290	26	financial	financial	ADJ
cblr-14251	290	27	values	value	NOUN
cblr-14251	290	28	.	.	PUNCT
cblr-14251	291	1	the	the	PRON
cblr-14251	291	2	larger	large	ADJ
cblr-14251	291	3	the	the	DET
cblr-14251	291	4	role	role	NOUN
cblr-14251	291	5	of	of	ADP
cblr-14251	291	6	demand	demand	NOUN
cblr-14251	291	7	,	,	PUNCT
cblr-14251	291	8	the	the	PRON
cblr-14251	291	9	more	more	ADV
cblr-14251	291	10	the	the	DET
cblr-14251	291	11	stock	stock	NOUN
cblr-14251	291	12	market	market	NOUN
cblr-14251	291	13	behaves	behave	VERB
cblr-14251	291	14	as	as	ADP
cblr-14251	291	15	one	one	NUM
cblr-14251	291	16	with	with	ADP
cblr-14251	291	17	individual	individual	ADJ
cblr-14251	291	18	stocks	stock	NOUN
cblr-14251	291	19	.	.	PUNCT
cblr-14251	292	1	and	and	CCONJ
cblr-14251	292	2	in	in	ADP
cblr-14251	292	3	the	the	DET
cblr-14251	292	4	market	market	NOUN
cblr-14251	292	5	for	for	ADP
cblr-14251	292	6	individual	individual	ADJ
cblr-14251	292	7	stocks	stock	NOUN
cblr-14251	292	8	,	,	PUNCT
cblr-14251	292	9	the	the	DET
cblr-14251	292	10	values	value	NOUN
cblr-14251	292	11	—	—	PUNCT
cblr-14251	292	12	not	not	PART
cblr-14251	292	13	simply	simply	ADV
cblr-14251	292	14	the	the	DET
cblr-14251	292	15	financial	financial	ADJ
cblr-14251	292	16	interests	interest	NOUN
cblr-14251	292	17	—	—	PUNCT
cblr-14251	292	18	of	of	ADP
cblr-14251	292	19	investors	investor	NOUN
cblr-14251	292	20	play	play	VERB
cblr-14251	292	21	a	a	DET
cblr-14251	292	22	role.80	role.80	NOUN
cblr-14251	292	23	of	of	ADP
cblr-14251	292	24	course	course	NOUN
cblr-14251	292	25	,	,	PUNCT
cblr-14251	292	26	investor	investor	NOUN
cblr-14251	292	27	77	77	NUM
cblr-14251	292	28	press	press	NOUN
cblr-14251	292	29	release	release	NOUN
cblr-14251	292	30	,	,	PUNCT
cblr-14251	292	31	dep’t	dep’t	NOUN
cblr-14251	292	32	of	of	ADP
cblr-14251	292	33	just	just	ADV
cblr-14251	292	34	.	.	PUNCT
cblr-14251	293	1	,	,	PUNCT
cblr-14251	293	2	activist	activist	ADJ
cblr-14251	293	3	short	short	ADJ
cblr-14251	293	4	seller	seller	NOUN
cblr-14251	293	5	charged	charge	VERB
cblr-14251	293	6	for	for	ADP
cblr-14251	293	7	$	$	SYM
cblr-14251	293	8	16	16	NUM
cblr-14251	293	9	m	m	NOUN
cblr-14251	293	10	stock	stock	NOUN
cblr-14251	293	11	market	market	NOUN
cblr-14251	293	12	manipulation	manipulation	NOUN
cblr-14251	293	13	scheme	scheme	NOUN
cblr-14251	293	14	(	(	PUNCT
cblr-14251	293	15	july	july	PROPN
cblr-14251	293	16	26	26	NUM
cblr-14251	293	17	,	,	PUNCT
cblr-14251	293	18	2024	2024	NUM
cblr-14251	293	19	)	)	PUNCT
cblr-14251	293	20	,	,	PUNCT
cblr-14251	293	21	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	PROPN
cblr-14251	294	1	[	[	X
cblr-14251	294	2	https://perma.cc/urh7-uyhz	https://perma.cc/urh7-uyhz	PROPN
cblr-14251	294	3	]	]	PUNCT
cblr-14251	294	4	.	.	PUNCT
cblr-14251	295	1	78	78	NUM
cblr-14251	295	2	complaint	complaint	NOUN
cblr-14251	295	3	,	,	PUNCT
cblr-14251	295	4	sec	sec	PROPN
cblr-14251	295	5	v.	v.	PROPN
cblr-14251	295	6	left	leave	VERB
cblr-14251	295	7	,	,	PUNCT
cblr-14251	295	8	no	no	INTJ
cblr-14251	295	9	.	.	NOUN
cblr-14251	295	10	24	24	NUM
cblr-14251	295	11	-	-	PUNCT
cblr-14251	295	12	cv-06311	cv-06311	NOUN
cblr-14251	295	13	,	,	PUNCT
cblr-14251	295	14	at	at	ADP
cblr-14251	295	15	27	27	NUM
cblr-14251	295	16	(	(	PUNCT
cblr-14251	295	17	c.d	c.d	PROPN
cblr-14251	295	18	.	.	PROPN
cblr-14251	295	19	cal	cal	PROPN
cblr-14251	295	20	.	.	PUNCT
cblr-14251	296	1	july	july	PROPN
cblr-14251	296	2	27	27	NUM
cblr-14251	296	3	,	,	PUNCT
cblr-14251	296	4	2024	2024	NUM
cblr-14251	296	5	)	)	PUNCT
cblr-14251	296	6	.	.	PUNCT
cblr-14251	297	1	79	79	NUM
cblr-14251	297	2	press	press	NOUN
cblr-14251	297	3	release	release	NOUN
cblr-14251	297	4	,	,	PUNCT
cblr-14251	297	5	dep’t	dep’t	NOUN
cblr-14251	297	6	of	of	ADP
cblr-14251	297	7	just	just	ADV
cblr-14251	297	8	.	.	PUNCT
cblr-14251	297	9	,	,	PUNCT
cblr-14251	297	10	activist	activist	ADJ
cblr-14251	297	11	short	short	ADJ
cblr-14251	297	12	seller	seller	NOUN
cblr-14251	297	13	charged	charge	VERB
cblr-14251	297	14	for	for	ADP
cblr-14251	297	15	$	$	SYM
cblr-14251	297	16	16	16	NUM
cblr-14251	297	17	m	m	NOUN
cblr-14251	297	18	stock	stock	NOUN
cblr-14251	297	19	market	market	NOUN
cblr-14251	297	20	manipulation	manipulation	NOUN
cblr-14251	297	21	scheme	scheme	NOUN
cblr-14251	297	22	(	(	PUNCT
cblr-14251	297	23	july	july	PROPN
cblr-14251	297	24	26	26	NUM
cblr-14251	297	25	,	,	PUNCT
cblr-14251	297	26	2024	2024	NUM
cblr-14251	297	27	)	)	PUNCT
cblr-14251	297	28	,	,	PUNCT
cblr-14251	297	29	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	https://www.justice.gov/opa/pr/activistshort-seller-charged-16m-stock-market-manipulation-scheme	PROPN
cblr-14251	297	30	[	[	X
cblr-14251	297	31	https://perma.cc/urh7-uyhz	https://perma.cc/urh7-uyhz	PROPN
cblr-14251	297	32	]	]	PUNCT
cblr-14251	297	33	.	.	PUNCT
cblr-14251	298	1	the	the	DET
cblr-14251	298	2	sec	sec	PROPN
cblr-14251	298	3	also	also	ADV
cblr-14251	298	4	faulted	fault	VERB
cblr-14251	298	5	left	leave	VERB
cblr-14251	298	6	for	for	ADP
cblr-14251	298	7	changing	change	VERB
cblr-14251	298	8	the	the	DET
cblr-14251	298	9	price	price	NOUN
cblr-14251	298	10	targets	target	NOUN
cblr-14251	298	11	in	in	ADP
cblr-14251	298	12	his	his	PRON
cblr-14251	298	13	reports	report	NOUN
cblr-14251	298	14	:	:	PUNCT
cblr-14251	298	15	“	"	PUNCT
cblr-14251	298	16	left	leave	VERB
cblr-14251	298	17	’s	’s	PART
cblr-14251	298	18	actions	action	NOUN
cblr-14251	298	19	of	of	ADP
cblr-14251	298	20	internally	internally	ADV
cblr-14251	298	21	changing	change	VERB
cblr-14251	298	22	the	the	DET
cblr-14251	298	23	amounts	amount	NOUN
cblr-14251	298	24	of	of	ADP
cblr-14251	298	25	the	the	DET
cblr-14251	298	26	target	target	NOUN
cblr-14251	298	27	price	price	NOUN
cblr-14251	298	28	from	from	ADP
cblr-14251	298	29	$	$	SYM
cblr-14251	298	30	60	60	NUM
cblr-14251	298	31	to	to	PART
cblr-14251	298	32	$	$	SYM
cblr-14251	298	33	100	100	NUM
cblr-14251	298	34	,	,	PUNCT
cblr-14251	298	35	at	at	ADP
cblr-14251	298	36	a	a	DET
cblr-14251	298	37	time	time	NOUN
cblr-14251	298	38	when	when	SCONJ
cblr-14251	298	39	he	he	PRON
cblr-14251	298	40	was	be	AUX
cblr-14251	298	41	privately	privately	ADV
cblr-14251	298	42	discussing	discuss	VERB
cblr-14251	298	43	his	his	PRON
cblr-14251	298	44	hope	hope	NOUN
cblr-14251	298	45	to	to	PART
cblr-14251	298	46	move	move	VERB
cblr-14251	298	47	the	the	DET
cblr-14251	298	48	stock	stock	NOUN
cblr-14251	298	49	to	to	ADP
cblr-14251	298	50	$	$	SYM
cblr-14251	298	51	30	30	NUM
cblr-14251	298	52	,	,	PUNCT
cblr-14251	298	53	demonstrates	demonstrate	VERB
cblr-14251	298	54	that	that	SCONJ
cblr-14251	298	55	his	his	PRON
cblr-14251	298	56	selection	selection	NOUN
cblr-14251	298	57	of	of	ADP
cblr-14251	298	58	a	a	DET
cblr-14251	298	59	target	target	NOUN
cblr-14251	298	60	price	price	NOUN
cblr-14251	298	61	was	be	AUX
cblr-14251	298	62	not	not	PART
cblr-14251	298	63	tied	tie	VERB
cblr-14251	298	64	to	to	ADP
cblr-14251	298	65	any	any	DET
cblr-14251	298	66	specific	specific	ADJ
cblr-14251	298	67	analysis	analysis	NOUN
cblr-14251	298	68	but	but	CCONJ
cblr-14251	298	69	rather	rather	ADV
cblr-14251	298	70	was	be	AUX
cblr-14251	298	71	used	use	VERB
cblr-14251	298	72	to	to	PART
cblr-14251	298	73	manipulate	manipulate	VERB
cblr-14251	298	74	and	and	CCONJ
cblr-14251	298	75	influence	influence	VERB
cblr-14251	298	76	a	a	DET
cblr-14251	298	77	target	target	NOUN
cblr-14251	298	78	company	company	NOUN
cblr-14251	298	79	’s	’s	PART
cblr-14251	298	80	stock	stock	NOUN
cblr-14251	298	81	price	price	NOUN
cblr-14251	298	82	in	in	ADP
cblr-14251	298	83	a	a	DET
cblr-14251	298	84	way	way	NOUN
cblr-14251	298	85	that	that	PRON
cblr-14251	298	86	benefitted	benefit	VERB
cblr-14251	298	87	defendants	defendant	NOUN
cblr-14251	298	88	.	.	PUNCT
cblr-14251	298	89	”	"	PUNCT
cblr-14251	299	1	complaint	complaint	NOUN
cblr-14251	299	2	,	,	PUNCT
cblr-14251	299	3	sec	sec	PROPN
cblr-14251	299	4	v.	v.	PROPN
cblr-14251	299	5	left	leave	VERB
cblr-14251	299	6	,	,	PUNCT
cblr-14251	299	7	no	no	INTJ
cblr-14251	299	8	.	.	NOUN
cblr-14251	299	9	24	24	NUM
cblr-14251	299	10	-	-	PUNCT
cblr-14251	299	11	cv06311	cv06311	NOUN
cblr-14251	299	12	,	,	PUNCT
cblr-14251	299	13	at	at	ADP
cblr-14251	299	14	19	19	NUM
cblr-14251	299	15	(	(	PUNCT
cblr-14251	299	16	c.d	c.d	PROPN
cblr-14251	299	17	.	.	PROPN
cblr-14251	299	18	cal	cal	PROPN
cblr-14251	299	19	.	.	PUNCT
cblr-14251	300	1	july	july	PROPN
cblr-14251	300	2	27	27	NUM
cblr-14251	300	3	,	,	PUNCT
cblr-14251	300	4	2024	2024	NUM
cblr-14251	300	5	)	)	PUNCT
cblr-14251	300	6	.	.	PUNCT
cblr-14251	301	1	80	80	NUM
cblr-14251	301	2	of	of	ADP
cblr-14251	301	3	course	course	NOUN
cblr-14251	301	4	,	,	PUNCT
cblr-14251	301	5	the	the	DET
cblr-14251	301	6	debate	debate	NOUN
cblr-14251	301	7	over	over	ADP
cblr-14251	301	8	values	value	NOUN
cblr-14251	301	9	-	-	PUNCT
cblr-14251	301	10	based	base	VERB
cblr-14251	301	11	vs.	vs.	ADP
cblr-14251	301	12	value	value	NOUN
cblr-14251	301	13	-	-	PUNCT
cblr-14251	301	14	based	base	VERB
cblr-14251	301	15	investing	investing	NOUN
cblr-14251	301	16	is	be	AUX
cblr-14251	301	17	a	a	DET
cblr-14251	301	18	longstanding	longstanding	ADJ
cblr-14251	301	19	one	one	NUM
cblr-14251	301	20	.	.	PUNCT
cblr-14251	302	1	see	see	VERB
cblr-14251	302	2	,	,	PUNCT
cblr-14251	302	3	e.g.	e.g.	ADV
cblr-14251	302	4	,	,	PUNCT
cblr-14251	302	5	barzuza	barzuza	PROPN
cblr-14251	302	6	et	et	PROPN
cblr-14251	302	7	al	al	PROPN
cblr-14251	302	8	.	.	PROPN
cblr-14251	302	9	,	,	PUNCT
cblr-14251	302	10	supra	supra	PROPN
cblr-14251	302	11	note	note	PROPN
cblr-14251	302	12	25	25	NUM
cblr-14251	302	13	;	;	PUNCT
cblr-14251	302	14	aneil	aneil	PROPN
cblr-14251	302	15	kovvali	kovvali	PROPN
cblr-14251	302	16	&	&	CCONJ
cblr-14251	302	17	yair	yair	PROPN
cblr-14251	302	18	listokin	listokin	PROPN
cblr-14251	302	19	,	,	PUNCT
cblr-14251	302	20	valuing	value	VERB
cblr-14251	302	21	esg	esg	PROPN
cblr-14251	302	22	,	,	PUNCT
cblr-14251	302	23	49	49	NUM
cblr-14251	302	24	byu	byu	PROPN
cblr-14251	302	25	l.	l.	PROPN
cblr-14251	302	26	rev	rev	PROPN
cblr-14251	302	27	.	.	PROPN
cblr-14251	302	28	705	705	NUM
cblr-14251	302	29	(	(	PUNCT
cblr-14251	302	30	2024	2024	NUM
cblr-14251	302	31	)	)	PUNCT
cblr-14251	302	32	;	;	PUNCT
cblr-14251	302	33	fisch	fisch	PROPN
cblr-14251	302	34	&	&	CCONJ
cblr-14251	302	35	eccles	eccles	PROPN
cblr-14251	302	36	,	,	PUNCT
cblr-14251	302	37	supra	supra	PROPN
cblr-14251	302	38	note	note	PROPN
cblr-14251	302	39	22	22	NUM
cblr-14251	302	40	;	;	PUNCT
cblr-14251	302	41	lauren	lauren	PROPN
cblr-14251	302	42	mason	mason	PROPN
cblr-14251	302	43	,	,	PUNCT
cblr-14251	302	44	sustainable	sustainable	ADJ
cblr-14251	302	45	investing	invest	VERB
cblr-14251	302	46	101	101	NUM
cblr-14251	302	47	:	:	PUNCT
cblr-14251	302	48	what	what	PRON
cblr-14251	302	49	is	be	AUX
cblr-14251	302	50	values	value	NOUN
cblr-14251	302	51	-	-	PUNCT
cblr-14251	302	52	based	base	VERB
cblr-14251	302	53	investing	investing	NOUN
cblr-14251	302	54	?	?	PROPN
cblr-14251	302	55	,	,	PUNCT
cblr-14251	302	56	jpmorgan	jpmorgan	PROPN
cblr-14251	302	57	(	(	PUNCT
cblr-14251	302	58	apr	apr	PROPN
cblr-14251	302	59	.	.	PROPN
cblr-14251	302	60	19	19	NUM
cblr-14251	302	61	,	,	PUNCT
cblr-14251	302	62	2024	2024	NUM
cblr-14251	302	63	)	)	PUNCT
cblr-14251	302	64	,	,	PUNCT
cblr-14251	302	65	https://www.chase.com/personal/investments/learningand-insights/article/what-is-values-based-investing	https://www.chase.com/personal/investments/learningand-insights/article/what-is-values-based-investe	VERB
cblr-14251	302	66	(	(	PUNCT
cblr-14251	302	67	describing	describe	VERB
cblr-14251	302	68	various	various	ADJ
cblr-14251	302	69	types	type	NOUN
cblr-14251	302	70	of	of	ADP
cblr-14251	302	71	no	no	NOUN
cblr-14251	302	72	.	.	NOUN
cblr-14251	302	73	1	1	NUM
cblr-14251	302	74	]	]	PUNCT
cblr-14251	302	75	securities	security	NOUN
cblr-14251	302	76	fraud	fraud	NOUN
cblr-14251	302	77	and	and	CCONJ
cblr-14251	302	78	the	the	DET
cblr-14251	302	79	market	market	NOUN
cblr-14251	302	80	for	for	ADP
cblr-14251	302	81	individual	individual	ADJ
cblr-14251	302	82	stocks	stock	NOUN
cblr-14251	302	83	247	247	NUM
cblr-14251	302	84	demand	demand	NOUN
cblr-14251	302	85	is	be	AUX
cblr-14251	302	86	not	not	PART
cblr-14251	302	87	uniform	uniform	ADJ
cblr-14251	302	88	.	.	PUNCT
cblr-14251	303	1	investor	investor	NOUN
cblr-14251	303	2	demand	demand	NOUN
cblr-14251	303	3	might	might	AUX
cblr-14251	303	4	be	be	AUX
cblr-14251	303	5	stronger	strong	ADJ
cblr-14251	303	6	for	for	ADP
cblr-14251	303	7	some	some	DET
cblr-14251	303	8	stocks	stock	NOUN
cblr-14251	303	9	over	over	ADP
cblr-14251	303	10	others	other	NOUN
cblr-14251	303	11	,	,	PUNCT
cblr-14251	303	12	and	and	CCONJ
cblr-14251	303	13	it	it	PRON
cblr-14251	303	14	can	can	AUX
cblr-14251	303	15	change	change	VERB
cblr-14251	303	16	over	over	ADP
cblr-14251	303	17	time	time	NOUN
cblr-14251	303	18	.	.	PUNCT
cblr-14251	304	1	recognizing	recognize	VERB
cblr-14251	304	2	the	the	DET
cblr-14251	304	3	role	role	NOUN
cblr-14251	304	4	of	of	ADP
cblr-14251	304	5	investor	investor	NOUN
cblr-14251	304	6	demand	demand	NOUN
cblr-14251	304	7	helps	help	VERB
cblr-14251	304	8	explain	explain	VERB
cblr-14251	304	9	the	the	DET
cblr-14251	304	10	behavior	behavior	NOUN
cblr-14251	304	11	of	of	ADP
cblr-14251	304	12	firms	firm	NOUN
cblr-14251	304	13	,	,	PUNCT
cblr-14251	304	14	institutions	institution	NOUN
cblr-14251	304	15	,	,	PUNCT
cblr-14251	304	16	and	and	CCONJ
cblr-14251	304	17	finfluencers	finfluencer	NOUN
cblr-14251	304	18	.	.	PUNCT
cblr-14251	305	1	when	when	SCONJ
cblr-14251	305	2	stocks	stock	NOUN
cblr-14251	305	3	act	act	VERB
cblr-14251	305	4	solely	solely	ADV
cblr-14251	305	5	to	to	PART
cblr-14251	305	6	compose	compose	VERB
cblr-14251	305	7	a	a	DET
cblr-14251	305	8	certain	certain	ADJ
cblr-14251	305	9	financial	financial	ADJ
cblr-14251	305	10	risk	risk	NOUN
cblr-14251	305	11	and	and	CCONJ
cblr-14251	305	12	return	return	VERB
cblr-14251	305	13	profile	profile	NOUN
cblr-14251	305	14	,	,	PUNCT
cblr-14251	305	15	the	the	DET
cblr-14251	305	16	esg	esg	PROPN
cblr-14251	305	17	premium	premium	NOUN
cblr-14251	305	18	,	,	PUNCT
cblr-14251	305	19	investor	investor	NOUN
cblr-14251	305	20	inducements	inducement	NOUN
cblr-14251	305	21	,	,	PUNCT
cblr-14251	305	22	and	and	CCONJ
cblr-14251	305	23	the	the	DET
cblr-14251	305	24	retail	retail	ADJ
cblr-14251	305	25	premium	premium	NOUN
cblr-14251	305	26	are	be	AUX
cblr-14251	305	27	all	all	ADV
cblr-14251	305	28	difficult	difficult	ADJ
cblr-14251	305	29	to	to	PART
cblr-14251	305	30	explain	explain	VERB
cblr-14251	305	31	.	.	PUNCT
cblr-14251	306	1	when	when	SCONJ
cblr-14251	306	2	demand	demand	NOUN
cblr-14251	306	3	is	be	AUX
cblr-14251	306	4	factored	factor	VERB
cblr-14251	306	5	in	in	ADP
cblr-14251	306	6	,	,	PUNCT
cblr-14251	306	7	however	however	ADV
cblr-14251	306	8	,	,	PUNCT
cblr-14251	306	9	these	these	DET
cblr-14251	306	10	features	feature	NOUN
cblr-14251	306	11	are	be	AUX
cblr-14251	306	12	not	not	PART
cblr-14251	306	13	so	so	ADV
cblr-14251	306	14	surprising	surprising	ADJ
cblr-14251	306	15	—	—	PUNCT
cblr-14251	306	16	just	just	ADV
cblr-14251	306	17	as	as	SCONJ
cblr-14251	306	18	they	they	PRON
cblr-14251	306	19	would	would	AUX
cblr-14251	306	20	not	not	PART
cblr-14251	306	21	be	be	AUX
cblr-14251	306	22	surprising	surprising	ADJ
cblr-14251	306	23	if	if	SCONJ
cblr-14251	306	24	they	they	PRON
cblr-14251	306	25	existed	exist	VERB
cblr-14251	306	26	in	in	ADP
cblr-14251	306	27	the	the	DET
cblr-14251	306	28	market	market	NOUN
cblr-14251	306	29	for	for	ADP
cblr-14251	306	30	traditional	traditional	ADJ
cblr-14251	306	31	goods	good	NOUN
cblr-14251	306	32	and	and	CCONJ
cblr-14251	306	33	services	service	NOUN
cblr-14251	306	34	.	.	PUNCT
cblr-14251	307	1	there	there	ADV
cblr-14251	307	2	,	,	PUNCT
cblr-14251	307	3	consumers	consumer	NOUN
cblr-14251	307	4	are	be	AUX
cblr-14251	307	5	expected	expect	VERB
cblr-14251	307	6	to	to	PART
cblr-14251	307	7	make	make	VERB
cblr-14251	307	8	choices	choice	NOUN
cblr-14251	307	9	based	base	VERB
cblr-14251	307	10	on	on	ADP
cblr-14251	307	11	personal	personal	ADJ
cblr-14251	307	12	utility	utility	NOUN
cblr-14251	307	13	and	and	CCONJ
cblr-14251	307	14	individual	individual	ADJ
cblr-14251	307	15	values	value	NOUN
cblr-14251	307	16	,	,	PUNCT
cblr-14251	307	17	and	and	CCONJ
cblr-14251	307	18	companies	company	NOUN
cblr-14251	307	19	are	be	AUX
cblr-14251	307	20	expected	expect	VERB
cblr-14251	307	21	to	to	PART
cblr-14251	307	22	compete	compete	VERB
cblr-14251	307	23	fiercely	fiercely	ADV
cblr-14251	307	24	to	to	PART
cblr-14251	307	25	maximize	maximize	VERB
cblr-14251	307	26	consumer	consumer	NOUN
cblr-14251	307	27	demand.81	demand.81	PROPN
cblr-14251	307	28	investor	investor	NOUN
cblr-14251	307	29	demand	demand	NOUN
cblr-14251	307	30	should	should	AUX
cblr-14251	307	31	also	also	ADV
cblr-14251	307	32	be	be	AUX
cblr-14251	307	33	contextualized	contextualize	VERB
cblr-14251	307	34	.	.	PUNCT
cblr-14251	308	1	in	in	ADP
cblr-14251	308	2	some	some	DET
cblr-14251	308	3	ways	way	NOUN
cblr-14251	308	4	,	,	PUNCT
cblr-14251	308	5	that	that	SCONJ
cblr-14251	308	6	investment	investment	NOUN
cblr-14251	308	7	decisions	decision	NOUN
cblr-14251	308	8	might	might	AUX
cblr-14251	308	9	be	be	AUX
cblr-14251	308	10	driven	drive	VERB
cblr-14251	308	11	by	by	ADP
cblr-14251	308	12	investor	investor	NOUN
cblr-14251	308	13	values	value	NOUN
cblr-14251	308	14	reflects	reflect	VERB
cblr-14251	308	15	an	an	DET
cblr-14251	308	16	outpost	outpost	NOUN
cblr-14251	308	17	of	of	ADP
cblr-14251	308	18	the	the	DET
cblr-14251	308	19	larger	large	ADJ
cblr-14251	308	20	stakeholder	stakeholder	NOUN
cblr-14251	308	21	governance	governance	NOUN
cblr-14251	308	22	conversation	conversation	NOUN
cblr-14251	308	23	.	.	PUNCT
cblr-14251	309	1	if	if	SCONJ
cblr-14251	309	2	stakeholders	stakeholder	NOUN
cblr-14251	309	3	express	express	VERB
cblr-14251	309	4	preferences	preference	NOUN
cblr-14251	309	5	via	via	ADP
cblr-14251	309	6	shareholder	shareholder	NOUN
cblr-14251	309	7	proposals82	proposals82	NOUN
cblr-14251	309	8	and	and	CCONJ
cblr-14251	309	9	personal	personal	ADJ
cblr-14251	309	10	consumption	consumption	NOUN
cblr-14251	309	11	choices	choice	NOUN
cblr-14251	309	12	,	,	PUNCT
cblr-14251	309	13	why	why	SCONJ
cblr-14251	309	14	should	should	AUX
cblr-14251	309	15	they	they	PRON
cblr-14251	309	16	also	also	ADV
cblr-14251	309	17	not	not	PART
cblr-14251	309	18	express	express	VERB
cblr-14251	309	19	preferences	preference	NOUN
cblr-14251	309	20	via	via	ADP
cblr-14251	309	21	their	their	PRON
cblr-14251	309	22	investment	investment	NOUN
cblr-14251	309	23	choices	choice	NOUN
cblr-14251	309	24	as	as	ADV
cblr-14251	309	25	well	well	ADV
cblr-14251	309	26	?	?	PUNCT
cblr-14251	310	1	professor	professor	PROPN
cblr-14251	310	2	lynn	lynn	PROPN
cblr-14251	310	3	stout	stout	PROPN
cblr-14251	310	4	argued	argue	VERB
cblr-14251	310	5	nearly	nearly	ADV
cblr-14251	310	6	two	two	NUM
cblr-14251	310	7	decades	decade	NOUN
cblr-14251	310	8	ago	ago	ADV
cblr-14251	310	9	that	that	SCONJ
cblr-14251	310	10	shareholders	shareholder	NOUN
cblr-14251	310	11	are	be	AUX
cblr-14251	310	12	not	not	PART
cblr-14251	310	13	monolithic	monolithic	ADJ
cblr-14251	310	14	,	,	PUNCT
cblr-14251	310	15	and	and	CCONJ
cblr-14251	310	16	instead	instead	ADV
cblr-14251	310	17	that	that	SCONJ
cblr-14251	310	18	they	they	PRON
cblr-14251	310	19	have	have	VERB
cblr-14251	310	20	widely	widely	ADV
cblr-14251	310	21	varying	vary	VERB
cblr-14251	310	22	values	value	NOUN
cblr-14251	310	23	,	,	PUNCT
cblr-14251	310	24	ranging	range	VERB
cblr-14251	310	25	from	from	ADP
cblr-14251	310	26	wealth	wealth	NOUN
cblr-14251	310	27	maximization	maximization	NOUN
cblr-14251	310	28	to	to	ADP
cblr-14251	310	29	prosocial	prosocial	ADJ
cblr-14251	310	30	goals.83	goals.83	NOUN
cblr-14251	310	31	in	in	ADP
cblr-14251	310	32	addition	addition	NOUN
cblr-14251	310	33	,	,	PUNCT
cblr-14251	310	34	sustainable	sustainable	ADJ
cblr-14251	310	35	investing	investing	NOUN
cblr-14251	310	36	and	and	CCONJ
cblr-14251	310	37	defining	define	VERB
cblr-14251	310	38	values	value	NOUN
cblr-14251	310	39	-	-	PUNCT
cblr-14251	310	40	based	base	VERB
cblr-14251	310	41	investing	investing	NOUN
cblr-14251	310	42	as	as	ADP
cblr-14251	310	43	“	"	PUNCT
cblr-14251	310	44	reflecting	reflect	VERB
cblr-14251	310	45	your	your	PRON
cblr-14251	310	46	values	value	NOUN
cblr-14251	310	47	through	through	ADP
cblr-14251	310	48	an	an	DET
cblr-14251	310	49	investment	investment	NOUN
cblr-14251	310	50	strategy	strategy	NOUN
cblr-14251	310	51	that	that	PRON
cblr-14251	310	52	avoids	avoid	VERB
cblr-14251	310	53	or	or	CCONJ
cblr-14251	310	54	increases	increase	VERB
cblr-14251	310	55	exposures	exposure	NOUN
cblr-14251	310	56	to	to	ADP
cblr-14251	310	57	specific	specific	ADJ
cblr-14251	310	58	companies	company	NOUN
cblr-14251	310	59	,	,	PUNCT
cblr-14251	310	60	sectors	sector	NOUN
cblr-14251	310	61	or	or	CCONJ
cblr-14251	310	62	business	business	NOUN
cblr-14251	310	63	practices	practice	NOUN
cblr-14251	310	64	”	"	PUNCT
cblr-14251	310	65	)	)	PUNCT
cblr-14251	310	66	.	.	PUNCT
cblr-14251	311	1	81	81	NUM
cblr-14251	311	2	see	see	VERB
cblr-14251	311	3	,	,	PUNCT
cblr-14251	311	4	e.g.	e.g.	ADV
cblr-14251	311	5	,	,	PUNCT
cblr-14251	311	6	jill	jill	PROPN
cblr-14251	311	7	fisch	fisch	PROPN
cblr-14251	311	8	,	,	PUNCT
cblr-14251	311	9	gamestop	gamestop	NOUN
cblr-14251	311	10	and	and	CCONJ
cblr-14251	311	11	the	the	DET
cblr-14251	311	12	reemergence	reemergence	NOUN
cblr-14251	311	13	of	of	ADP
cblr-14251	311	14	the	the	DET
cblr-14251	311	15	retail	retail	ADJ
cblr-14251	311	16	investor	investor	NOUN
cblr-14251	311	17	,	,	PUNCT
cblr-14251	311	18	102	102	NUM
cblr-14251	311	19	b.u	b.u	PROPN
cblr-14251	311	20	.	.	PROPN
cblr-14251	311	21	l.	l.	PROPN
cblr-14251	311	22	rev	rev	PROPN
cblr-14251	311	23	.	.	PROPN
cblr-14251	311	24	1799	1799	NUM
cblr-14251	311	25	,	,	PUNCT
cblr-14251	311	26	1855	1855	NUM
cblr-14251	311	27	(	(	PUNCT
cblr-14251	311	28	2022	2022	NUM
cblr-14251	311	29	)	)	PUNCT
cblr-14251	311	30	(	(	PUNCT
cblr-14251	311	31	pointing	point	VERB
cblr-14251	311	32	out	out	ADP
cblr-14251	311	33	that	that	SCONJ
cblr-14251	311	34	“	"	PUNCT
cblr-14251	311	35	credit	credit	NOUN
cblr-14251	311	36	card	card	NOUN
cblr-14251	311	37	companies	company	NOUN
cblr-14251	311	38	encourage	encourage	VERB
cblr-14251	311	39	their	their	PRON
cblr-14251	311	40	customers	customer	NOUN
cblr-14251	311	41	to	to	PART
cblr-14251	311	42	borrow	borrow	VERB
cblr-14251	311	43	,	,	PUNCT
cblr-14251	311	44	even	even	ADV
cblr-14251	311	45	to	to	ADP
cblr-14251	311	46	the	the	DET
cblr-14251	311	47	point	point	NOUN
cblr-14251	311	48	of	of	ADP
cblr-14251	311	49	incurring	incur	VERB
cblr-14251	311	50	excessive	excessive	ADJ
cblr-14251	311	51	debt	debt	NOUN
cblr-14251	311	52	,	,	PUNCT
cblr-14251	311	53	so	so	SCONJ
cblr-14251	311	54	they	they	PRON
cblr-14251	311	55	can	can	AUX
cblr-14251	311	56	make	make	VERB
cblr-14251	311	57	money	money	NOUN
cblr-14251	311	58	from	from	ADP
cblr-14251	311	59	the	the	DET
cblr-14251	311	60	high	high	ADJ
cblr-14251	311	61	interest	interest	NOUN
cblr-14251	311	62	rates	rate	NOUN
cblr-14251	311	63	they	they	PRON
cblr-14251	311	64	charge	charge	VERB
cblr-14251	311	65	on	on	ADP
cblr-14251	311	66	that	that	DET
cblr-14251	311	67	debt	debt	NOUN
cblr-14251	311	68	,	,	PUNCT
cblr-14251	311	69	”	"	PUNCT
cblr-14251	311	70	and	and	CCONJ
cblr-14251	311	71	“	"	PUNCT
cblr-14251	311	72	pharmaceutical	pharmaceutical	ADJ
cblr-14251	311	73	companies	company	NOUN
cblr-14251	311	74	hope	hope	VERB
cblr-14251	311	75	that	that	SCONJ
cblr-14251	311	76	people	people	NOUN
cblr-14251	311	77	will	will	AUX
cblr-14251	311	78	demand	demand	VERB
cblr-14251	311	79	costly	costly	ADJ
cblr-14251	311	80	prescription	prescription	NOUN
cblr-14251	311	81	drugs	drug	NOUN
cblr-14251	311	82	from	from	ADP
cblr-14251	311	83	their	their	PRON
cblr-14251	311	84	doctors	doctor	NOUN
cblr-14251	311	85	based	base	VERB
cblr-14251	311	86	on	on	ADP
cblr-14251	311	87	what	what	PRON
cblr-14251	311	88	they	they	PRON
cblr-14251	311	89	see	see	VERB
cblr-14251	311	90	on	on	ADP
cblr-14251	311	91	television	television	NOUN
cblr-14251	311	92	”	"	PUNCT
cblr-14251	311	93	)	)	PUNCT
cblr-14251	311	94	.	.	PUNCT
cblr-14251	312	1	82	82	NUM
cblr-14251	312	2	see	see	VERB
cblr-14251	312	3	i	i	PRON
cblr-14251	312	4	d.	d.	PROPN
cblr-14251	312	5	at	at	ADP
cblr-14251	312	6	1849	1849	NUM
cblr-14251	312	7	(	(	PUNCT
cblr-14251	312	8	studying	study	VERB
cblr-14251	312	9	the	the	DET
cblr-14251	312	10	role	role	NOUN
cblr-14251	312	11	of	of	ADP
cblr-14251	312	12	shareholders	shareholder	NOUN
cblr-14251	312	13	as	as	ADP
cblr-14251	312	14	stakeholders	stakeholder	NOUN
cblr-14251	312	15	who	who	PRON
cblr-14251	312	16	have	have	AUX
cblr-14251	312	17	brought	bring	VERB
cblr-14251	312	18	shareholder	shareholder	NOUN
cblr-14251	312	19	proposals	proposal	NOUN
cblr-14251	312	20	on	on	ADP
cblr-14251	312	21	social	social	ADJ
cblr-14251	312	22	policy	policy	NOUN
cblr-14251	312	23	issues	issue	NOUN
cblr-14251	312	24	and	and	CCONJ
cblr-14251	312	25	explaining	explain	VERB
cblr-14251	312	26	that	that	SCONJ
cblr-14251	312	27	“	"	PUNCT
cblr-14251	312	28	[	[	PUNCT
cblr-14251	312	29	s]hareholders	s]hareholder	NOUN
cblr-14251	312	30	can	can	AUX
cblr-14251	312	31	choose	choose	VERB
cblr-14251	312	32	which	which	DET
cblr-14251	312	33	companies	company	NOUN
cblr-14251	312	34	to	to	PART
cblr-14251	312	35	invest	invest	VERB
cblr-14251	312	36	in	in	ADP
cblr-14251	312	37	.	.	PUNCT
cblr-14251	313	1	they	they	PRON
cblr-14251	313	2	can	can	AUX
cblr-14251	313	3	avoid	avoid	VERB
cblr-14251	313	4	companies	company	NOUN
cblr-14251	313	5	whose	whose	DET
cblr-14251	313	6	policies	policy	NOUN
cblr-14251	313	7	they	they	PRON
cblr-14251	313	8	disagree	disagree	VERB
cblr-14251	313	9	with	with	ADP
cblr-14251	313	10	,	,	PUNCT
cblr-14251	313	11	or	or	CCONJ
cblr-14251	313	12	they	they	PRON
cblr-14251	313	13	can	can	AUX
cblr-14251	313	14	invest	invest	VERB
cblr-14251	313	15	in	in	ADP
cblr-14251	313	16	those	those	DET
cblr-14251	313	17	companies	company	NOUN
cblr-14251	313	18	and	and	CCONJ
cblr-14251	313	19	push	push	VERB
cblr-14251	313	20	their	their	PRON
cblr-14251	313	21	fellow	fellow	ADJ
cblr-14251	313	22	shareholders	shareholder	NOUN
cblr-14251	313	23	to	to	PART
cblr-14251	313	24	support	support	VERB
cblr-14251	313	25	change	change	NOUN
cblr-14251	313	26	”	"	PUNCT
cblr-14251	313	27	)	)	PUNCT
cblr-14251	313	28	.	.	PUNCT
cblr-14251	314	1	83	83	NUM
cblr-14251	314	2	stout	stout	ADJ
cblr-14251	314	3	,	,	PUNCT
cblr-14251	314	4	supra	supra	ADJ
cblr-14251	314	5	note	note	NOUN
cblr-14251	314	6	9	9	NUM
cblr-14251	314	7	,	,	PUNCT
cblr-14251	314	8	at	at	ADP
cblr-14251	314	9	5	5	NUM
cblr-14251	314	10	(	(	PUNCT
cblr-14251	314	11	pointing	point	VERB
cblr-14251	314	12	out	out	ADP
cblr-14251	314	13	that	that	SCONJ
cblr-14251	314	14	the	the	DET
cblr-14251	314	15	“	"	PUNCT
cblr-14251	314	16	prediction	prediction	NOUN
cblr-14251	314	17	of	of	ADP
cblr-14251	314	18	perfectly	perfectly	ADV
cblr-14251	314	19	flat	flat	ADJ
cblr-14251	314	20	demand	demand	NOUN
cblr-14251	314	21	ultimately	ultimately	ADV
cblr-14251	314	22	is	be	AUX
cblr-14251	314	23	an	an	DET
cblr-14251	314	24	artifact	artifact	NOUN
cblr-14251	314	25	of	of	ADP
cblr-14251	314	26	its	its	PRON
cblr-14251	314	27	investor	investor	NOUN
cblr-14251	314	28	homogeneity	homogeneity	NOUN
cblr-14251	314	29	assumption	assumption	NOUN
cblr-14251	314	30	”	"	PUNCT
cblr-14251	314	31	)	)	PUNCT
cblr-14251	314	32	.	.	PUNCT
cblr-14251	315	1	see	see	VERB
cblr-14251	315	2	also	also	ADV
cblr-14251	315	3	caleb	caleb	PROPN
cblr-14251	315	4	n.	n.	PROPN
cblr-14251	315	5	griffin	griffin	PROPN
cblr-14251	315	6	,	,	PUNCT
cblr-14251	315	7	humanizing	humanize	VERB
cblr-14251	315	8	corporate	corporate	ADJ
cblr-14251	315	9	governance	governance	NOUN
cblr-14251	315	10	,	,	PUNCT
cblr-14251	315	11	75	75	NUM
cblr-14251	315	12	fla	fla	NOUN
cblr-14251	315	13	.	.	PUNCT
cblr-14251	316	1	l.	l.	PROPN
cblr-14251	316	2	rev	rev	PROPN
cblr-14251	316	3	.	.	PROPN
cblr-14251	317	1	689	689	NUM
cblr-14251	317	2	(	(	PUNCT
cblr-14251	317	3	2023	2023	NUM
cblr-14251	317	4	)	)	PUNCT
cblr-14251	317	5	.	.	PUNCT
cblr-14251	318	1	248	248	NUM
cblr-14251	318	2	columbia	columbia	PROPN
cblr-14251	318	3	business	business	NOUN
cblr-14251	318	4	law	law	PROPN
cblr-14251	318	5	review	review	NOUN
cblr-14251	318	6	[	[	X
cblr-14251	318	7	vol	vol	NOUN
cblr-14251	318	8	.	.	PUNCT
cblr-14251	318	9	2025	2025	NUM
cblr-14251	318	10	professors	professor	NOUN
cblr-14251	318	11	sergio	sergio	PROPN
cblr-14251	318	12	alberto	alberto	PROPN
cblr-14251	318	13	gramitto	gramitto	PROPN
cblr-14251	318	14	ricci	ricci	PROPN
cblr-14251	318	15	and	and	CCONJ
cblr-14251	318	16	christina	christina	PROPN
cblr-14251	318	17	m.	m.	PROPN
cblr-14251	318	18	sautter	sautter	PROPN
cblr-14251	318	19	have	have	AUX
cblr-14251	318	20	written	write	VERB
cblr-14251	318	21	extensively	extensively	ADV
cblr-14251	318	22	on	on	ADP
cblr-14251	318	23	the	the	DET
cblr-14251	318	24	growing	grow	VERB
cblr-14251	318	25	power	power	NOUN
cblr-14251	318	26	of	of	ADP
cblr-14251	318	27	retail	retail	ADJ
cblr-14251	318	28	shareholder	shareholder	NOUN
cblr-14251	318	29	governance.84	governance.84	NOUN
cblr-14251	318	30	and	and	CCONJ
cblr-14251	318	31	in	in	ADP
cblr-14251	318	32	2017	2017	NUM
cblr-14251	318	33	,	,	PUNCT
cblr-14251	318	34	professor	professor	PROPN
cblr-14251	318	35	ann	ann	PROPN
cblr-14251	318	36	lipton	lipton	PROPN
cblr-14251	318	37	observed	observe	VERB
cblr-14251	318	38	that	that	SCONJ
cblr-14251	318	39	the	the	DET
cblr-14251	318	40	role	role	NOUN
cblr-14251	318	41	of	of	ADP
cblr-14251	318	42	disclosures	disclosure	NOUN
cblr-14251	318	43	was	be	AUX
cblr-14251	318	44	shifting	shift	VERB
cblr-14251	318	45	to	to	PART
cblr-14251	318	46	enable	enable	VERB
cblr-14251	318	47	investors	investor	NOUN
cblr-14251	318	48	to	to	PART
cblr-14251	318	49	participate	participate	VERB
cblr-14251	318	50	in	in	ADP
cblr-14251	318	51	shareholder	shareholder	NOUN
cblr-14251	318	52	governance	governance	NOUN
cblr-14251	318	53	and	and	CCONJ
cblr-14251	318	54	influence	influence	NOUN
cblr-14251	318	55	managers	manager	NOUN
cblr-14251	318	56	’	’	PART
cblr-14251	318	57	behavior	behavior	NOUN
cblr-14251	318	58	,	,	PUNCT
cblr-14251	318	59	while	while	SCONJ
cblr-14251	318	60	historically	historically	ADV
cblr-14251	318	61	,	,	PUNCT
cblr-14251	318	62	disclosures	disclosure	NOUN
cblr-14251	318	63	were	be	AUX
cblr-14251	318	64	designed	design	VERB
cblr-14251	318	65	to	to	PART
cblr-14251	318	66	help	help	VERB
cblr-14251	318	67	investors	investor	NOUN
cblr-14251	318	68	and	and	CCONJ
cblr-14251	318	69	the	the	DET
cblr-14251	318	70	market	market	NOUN
cblr-14251	318	71	set	set	VERB
cblr-14251	318	72	appropriate	appropriate	ADJ
cblr-14251	318	73	prices	price	NOUN
cblr-14251	318	74	for	for	ADP
cblr-14251	318	75	publicly	publicly	ADV
cblr-14251	318	76	traded	trade	VERB
cblr-14251	318	77	stock.85	stock.85	ADV
cblr-14251	318	78	that	that	ADV
cblr-14251	318	79	is	be	AUX
cblr-14251	318	80	,	,	PUNCT
cblr-14251	318	81	investment	investment	NOUN
cblr-14251	318	82	choices	choice	NOUN
cblr-14251	318	83	may	may	AUX
cblr-14251	318	84	simply	simply	ADV
cblr-14251	318	85	reflect	reflect	VERB
cblr-14251	318	86	an	an	DET
cblr-14251	318	87	additional	additional	ADJ
cblr-14251	318	88	avenue	avenue	NOUN
cblr-14251	318	89	through	through	ADP
cblr-14251	318	90	which	which	PRON
cblr-14251	318	91	investors	investor	NOUN
cblr-14251	318	92	can	can	AUX
cblr-14251	318	93	express	express	VERB
cblr-14251	318	94	their	their	PRON
cblr-14251	318	95	values	value	NOUN
cblr-14251	318	96	.	.	PUNCT
cblr-14251	319	1	if	if	SCONJ
cblr-14251	319	2	so	so	ADV
cblr-14251	319	3	,	,	PUNCT
cblr-14251	319	4	it	it	PRON
cblr-14251	319	5	is	be	AUX
cblr-14251	319	6	only	only	ADV
cblr-14251	319	7	natural	natural	ADJ
cblr-14251	319	8	for	for	SCONJ
cblr-14251	319	9	firms	firm	NOUN
cblr-14251	319	10	,	,	PUNCT
cblr-14251	319	11	institutions	institution	NOUN
cblr-14251	319	12	and	and	CCONJ
cblr-14251	319	13	other	other	ADJ
cblr-14251	319	14	market	market	NOUN
cblr-14251	319	15	players	player	NOUN
cblr-14251	319	16	to	to	PART
cblr-14251	319	17	respond.86	respond.86	VERB
cblr-14251	319	18	the	the	DET
cblr-14251	319	19	growing	grow	VERB
cblr-14251	319	20	importance	importance	NOUN
cblr-14251	319	21	of	of	ADP
cblr-14251	319	22	investor	investor	NOUN
cblr-14251	319	23	demand	demand	NOUN
cblr-14251	319	24	should	should	AUX
cblr-14251	319	25	not	not	PART
cblr-14251	319	26	be	be	AUX
cblr-14251	319	27	overstated	overstate	VERB
cblr-14251	319	28	.	.	PUNCT
cblr-14251	320	1	it	it	PRON
cblr-14251	320	2	does	do	AUX
cblr-14251	320	3	not	not	PART
cblr-14251	320	4	completely	completely	ADV
cblr-14251	320	5	decouple	decouple	VERB
cblr-14251	320	6	the	the	DET
cblr-14251	320	7	link	link	NOUN
cblr-14251	320	8	between	between	ADP
cblr-14251	320	9	stock	stock	NOUN
cblr-14251	320	10	price	price	NOUN
cblr-14251	320	11	and	and	CCONJ
cblr-14251	320	12	fundamental	fundamental	ADJ
cblr-14251	320	13	value	value	NOUN
cblr-14251	320	14	.	.	PUNCT
cblr-14251	321	1	nor	nor	CCONJ
cblr-14251	321	2	is	be	AUX
cblr-14251	321	3	it	it	PRON
cblr-14251	321	4	completely	completely	ADV
cblr-14251	321	5	new	new	ADJ
cblr-14251	321	6	.	.	PUNCT
cblr-14251	322	1	rather	rather	ADV
cblr-14251	322	2	,	,	PUNCT
cblr-14251	322	3	recent	recent	ADJ
cblr-14251	322	4	events	event	NOUN
cblr-14251	322	5	have	have	AUX
cblr-14251	322	6	sharpened	sharpen	VERB
cblr-14251	322	7	and	and	CCONJ
cblr-14251	322	8	systematized	systematized	ADJ
cblr-14251	322	9	demand	demand	NOUN
cblr-14251	322	10	-	-	PUNCT
cblr-14251	322	11	driven	drive	VERB
cblr-14251	322	12	investing	investing	NOUN
cblr-14251	322	13	,	,	PUNCT
cblr-14251	322	14	making	make	VERB
cblr-14251	322	15	it	it	PRON
cblr-14251	322	16	not	not	PART
cblr-14251	322	17	only	only	ADV
cblr-14251	322	18	more	more	ADV
cblr-14251	322	19	visible	visible	ADJ
cblr-14251	322	20	,	,	PUNCT
cblr-14251	322	21	but	but	CCONJ
cblr-14251	322	22	more	more	ADV
cblr-14251	322	23	powerful	powerful	ADJ
cblr-14251	322	24	.	.	PUNCT
cblr-14251	323	1	it	it	PRON
cblr-14251	323	2	thus	thus	ADV
cblr-14251	323	3	can	can	AUX
cblr-14251	323	4	play	play	VERB
cblr-14251	323	5	a	a	DET
cblr-14251	323	6	role	role	NOUN
cblr-14251	323	7	in	in	ADP
cblr-14251	323	8	driving	drive	VERB
cblr-14251	323	9	stock	stock	NOUN
cblr-14251	323	10	price	price	NOUN
cblr-14251	323	11	that	that	PRON
cblr-14251	323	12	is	be	AUX
cblr-14251	323	13	important	important	ADJ
cblr-14251	323	14	both	both	PRON
cblr-14251	323	15	for	for	ADP
cblr-14251	323	16	theoretical	theoretical	ADJ
cblr-14251	323	17	and	and	CCONJ
cblr-14251	323	18	practical	practical	ADJ
cblr-14251	323	19	reasons	reason	NOUN
cblr-14251	323	20	,	,	PUNCT
cblr-14251	323	21	as	as	SCONJ
cblr-14251	323	22	discussed	discuss	VERB
cblr-14251	323	23	in	in	ADP
cblr-14251	323	24	the	the	DET
cblr-14251	323	25	next	next	ADJ
cblr-14251	323	26	sections	section	NOUN
cblr-14251	323	27	.	.	PUNCT
cblr-14251	324	1	ii	ii	PROPN
cblr-14251	324	2	.	.	PUNCT
cblr-14251	325	1	the	the	DET
cblr-14251	325	2	traditional	traditional	ADJ
cblr-14251	325	3	stock	stock	NOUN
cblr-14251	325	4	market	market	NOUN
cblr-14251	325	5	84	84	NUM
cblr-14251	325	6	see	see	VERB
cblr-14251	325	7	sergio	sergio	PROPN
cblr-14251	325	8	alberto	alberto	PROPN
cblr-14251	325	9	gramitto	gramitto	PROPN
cblr-14251	325	10	ricci	ricci	PROPN
cblr-14251	325	11	&	&	CCONJ
cblr-14251	325	12	christina	christina	PROPN
cblr-14251	325	13	m.	m.	PROPN
cblr-14251	325	14	sautter	sautter	PROPN
cblr-14251	325	15	,	,	PUNCT
cblr-14251	325	16	corporate	corporate	ADJ
cblr-14251	325	17	governance	governance	NOUN
cblr-14251	325	18	gaming	gaming	NOUN
cblr-14251	325	19	:	:	PUNCT
cblr-14251	325	20	the	the	DET
cblr-14251	325	21	collective	collective	ADJ
cblr-14251	325	22	power	power	NOUN
cblr-14251	325	23	of	of	ADP
cblr-14251	325	24	retail	retail	ADJ
cblr-14251	325	25	investors	investor	NOUN
cblr-14251	325	26	,	,	PUNCT
cblr-14251	325	27	22	22	NUM
cblr-14251	325	28	nev	nev	NOUN
cblr-14251	325	29	.	.	PROPN
cblr-14251	326	1	l.j	l.j	PROPN
cblr-14251	326	2	.	.	PROPN
cblr-14251	326	3	51	51	NUM
cblr-14251	326	4	,	,	PUNCT
cblr-14251	326	5	53–54	53–54	NUM
cblr-14251	326	6	(	(	PUNCT
cblr-14251	326	7	2021	2021	NUM
cblr-14251	326	8	)	)	PUNCT
cblr-14251	326	9	(	(	PUNCT
cblr-14251	326	10	analyzing	analyze	VERB
cblr-14251	326	11	the	the	DET
cblr-14251	326	12	growing	grow	VERB
cblr-14251	326	13	involvement	involvement	NOUN
cblr-14251	326	14	of	of	ADP
cblr-14251	326	15	retail	retail	ADJ
cblr-14251	326	16	shareholders	shareholder	NOUN
cblr-14251	326	17	in	in	ADP
cblr-14251	326	18	shareholder	shareholder	NOUN
cblr-14251	326	19	governance	governance	NOUN
cblr-14251	326	20	,	,	PUNCT
cblr-14251	326	21	driven	drive	VERB
cblr-14251	326	22	in	in	ADP
cblr-14251	326	23	part	part	NOUN
cblr-14251	326	24	by	by	ADP
cblr-14251	326	25	new	new	ADJ
cblr-14251	326	26	technology	technology	NOUN
cblr-14251	326	27	that	that	PRON
cblr-14251	326	28	facilitates	facilitate	VERB
cblr-14251	326	29	coordination	coordination	NOUN
cblr-14251	326	30	and	and	CCONJ
cblr-14251	326	31	communication	communication	NOUN
cblr-14251	326	32	)	)	PUNCT
cblr-14251	326	33	.	.	PUNCT
cblr-14251	327	1	85	85	NUM
cblr-14251	327	2	ann	ann	PROPN
cblr-14251	327	3	lipton	lipton	PROPN
cblr-14251	327	4	,	,	PUNCT
cblr-14251	327	5	reviving	revive	VERB
cblr-14251	327	6	reliance	reliance	NOUN
cblr-14251	327	7	,	,	PUNCT
cblr-14251	327	8	86	86	NUM
cblr-14251	327	9	fordham	fordham	PROPN
cblr-14251	327	10	l.	l.	PROPN
cblr-14251	327	11	rev	rev	PROPN
cblr-14251	327	12	.	.	PROPN
cblr-14251	327	13	91	91	NUM
cblr-14251	327	14	,	,	PUNCT
cblr-14251	327	15	91	91	NUM
cblr-14251	327	16	(	(	PUNCT
cblr-14251	327	17	2017	2017	NUM
cblr-14251	327	18	)	)	PUNCT
cblr-14251	327	19	(	(	PUNCT
cblr-14251	327	20	“	"	PUNCT
cblr-14251	327	21	historically	historically	ADV
cblr-14251	327	22	,	,	PUNCT
cblr-14251	327	23	federally	federally	ADV
cblr-14251	327	24	mandated	mandate	VERB
cblr-14251	327	25	disclosures	disclosure	NOUN
cblr-14251	327	26	were	be	AUX
cblr-14251	327	27	designed	design	VERB
cblr-14251	327	28	to	to	PART
cblr-14251	327	29	allow	allow	VERB
cblr-14251	327	30	investors	investor	NOUN
cblr-14251	327	31	to	to	PART
cblr-14251	327	32	set	set	VERB
cblr-14251	327	33	an	an	DET
cblr-14251	327	34	appropriate	appropriate	ADJ
cblr-14251	327	35	price	price	NOUN
cblr-14251	327	36	for	for	ADP
cblr-14251	327	37	publicly	publicly	ADV
cblr-14251	327	38	traded	trade	VERB
cblr-14251	327	39	securities	security	NOUN
cblr-14251	327	40	.	.	PUNCT
cblr-14251	328	1	today	today	NOUN
cblr-14251	328	2	’s	’s	PART
cblr-14251	328	3	disclosures	disclosure	NOUN
cblr-14251	328	4	,	,	PUNCT
cblr-14251	328	5	however	however	ADV
cblr-14251	328	6	,	,	PUNCT
cblr-14251	328	7	also	also	ADV
cblr-14251	328	8	enable	enable	VERB
cblr-14251	328	9	stockholders	stockholder	NOUN
cblr-14251	328	10	to	to	PART
cblr-14251	328	11	participate	participate	VERB
cblr-14251	328	12	in	in	ADP
cblr-14251	328	13	corporate	corporate	ADJ
cblr-14251	328	14	governance	governance	NOUN
cblr-14251	328	15	and	and	CCONJ
cblr-14251	328	16	act	act	VERB
cblr-14251	328	17	as	as	ADP
cblr-14251	328	18	a	a	DET
cblr-14251	328	19	check	check	NOUN
cblr-14251	328	20	on	on	ADP
cblr-14251	328	21	managerial	managerial	ADJ
cblr-14251	328	22	behavior	behavior	NOUN
cblr-14251	328	23	”	"	PUNCT
cblr-14251	328	24	)	)	PUNCT
cblr-14251	328	25	.	.	PUNCT
cblr-14251	329	1	86	86	NUM
cblr-14251	329	2	see	see	VERB
cblr-14251	329	3	barzuza	barzuza	PROPN
cblr-14251	329	4	et	et	PROPN
cblr-14251	329	5	al	al	PROPN
cblr-14251	329	6	.	.	PROPN
cblr-14251	329	7	,	,	PUNCT
cblr-14251	329	8	supra	supra	PROPN
cblr-14251	329	9	note	note	PROPN
cblr-14251	329	10	25	25	NUM
cblr-14251	329	11	,	,	PUNCT
cblr-14251	329	12	at	at	ADP
cblr-14251	329	13	295–98	295–98	NOUN
cblr-14251	329	14	(	(	PUNCT
cblr-14251	329	15	analyzing	analyze	VERB
cblr-14251	329	16	corporate	corporate	ADJ
cblr-14251	329	17	incentives	incentive	NOUN
cblr-14251	329	18	to	to	PART
cblr-14251	329	19	promote	promote	VERB
cblr-14251	329	20	esg	esg	PROPN
cblr-14251	329	21	as	as	ADP
cblr-14251	329	22	a	a	DET
cblr-14251	329	23	product	product	NOUN
cblr-14251	329	24	of	of	ADP
cblr-14251	329	25	social	social	ADJ
cblr-14251	329	26	demand	demand	NOUN
cblr-14251	329	27	)	)	PUNCT
cblr-14251	329	28	.	.	PUNCT
cblr-14251	330	1	others	other	NOUN
cblr-14251	330	2	have	have	AUX
cblr-14251	330	3	pointed	point	VERB
cblr-14251	330	4	out	out	ADP
cblr-14251	330	5	more	more	ADV
cblr-14251	330	6	broadly	broadly	ADV
cblr-14251	330	7	how	how	SCONJ
cblr-14251	330	8	investor	investor	NOUN
cblr-14251	330	9	demand	demand	NOUN
cblr-14251	330	10	can	can	AUX
cblr-14251	330	11	shape	shape	VERB
cblr-14251	330	12	market	market	NOUN
cblr-14251	330	13	development	development	NOUN
cblr-14251	330	14	.	.	PUNCT
cblr-14251	331	1	see	see	VERB
cblr-14251	331	2	,	,	PUNCT
cblr-14251	331	3	e.g.	e.g.	ADV
cblr-14251	331	4	,	,	PUNCT
cblr-14251	331	5	kathryn	kathryn	PROPN
cblr-14251	331	6	judge	judge	PROPN
cblr-14251	331	7	,	,	PUNCT
cblr-14251	331	8	investor	investor	NOUN
cblr-14251	331	9	-	-	PUNCT
cblr-14251	331	10	driven	drive	VERB
cblr-14251	331	11	innovation	innovation	NOUN
cblr-14251	331	12	,	,	PUNCT
cblr-14251	331	13	8	8	NUM
cblr-14251	331	14	harv	harv	NOUN
cblr-14251	331	15	.	.	PUNCT
cblr-14251	332	1	bus	bus	NOUN
cblr-14251	332	2	.	.	PUNCT
cblr-14251	333	1	l.	l.	PROPN
cblr-14251	333	2	rev	rev	PROPN
cblr-14251	333	3	.	.	PROPN
cblr-14251	333	4	291	291	NUM
cblr-14251	333	5	,	,	PUNCT
cblr-14251	333	6	319–20	319–20	PROPN
cblr-14251	333	7	(	(	PUNCT
cblr-14251	333	8	2018	2018	NUM
cblr-14251	333	9	)	)	PUNCT
cblr-14251	333	10	(	(	PUNCT
cblr-14251	333	11	analyzing	analyze	VERB
cblr-14251	333	12	how	how	SCONJ
cblr-14251	333	13	investor	investor	NOUN
cblr-14251	333	14	demand	demand	NOUN
cblr-14251	333	15	generates	generate	VERB
cblr-14251	333	16	financial	financial	ADJ
cblr-14251	333	17	innovation	innovation	NOUN
cblr-14251	333	18	and	and	CCONJ
cblr-14251	333	19	explaining	explain	VERB
cblr-14251	333	20	that	that	SCONJ
cblr-14251	333	21	the	the	DET
cblr-14251	333	22	“	"	PUNCT
cblr-14251	333	23	rapid	rapid	ADJ
cblr-14251	333	24	rise	rise	NOUN
cblr-14251	333	25	of	of	ADP
cblr-14251	333	26	funds	fund	NOUN
cblr-14251	333	27	catering	cater	VERB
cblr-14251	333	28	to	to	ADP
cblr-14251	333	29	investors	investor	NOUN
cblr-14251	333	30	’	’	PART
cblr-14251	333	31	interests	interest	NOUN
cblr-14251	333	32	in	in	ADP
cblr-14251	333	33	integrating	integrate	VERB
cblr-14251	333	34	[	[	X
cblr-14251	333	35	environmental	environmental	ADJ
cblr-14251	333	36	or	or	CCONJ
cblr-14251	333	37	social	social	ADJ
cblr-14251	333	38	]	]	PUNCT
cblr-14251	333	39	values	value	NOUN
cblr-14251	333	40	into	into	ADP
cblr-14251	333	41	their	their	PRON
cblr-14251	333	42	investment	investment	NOUN
cblr-14251	333	43	strategies	strategy	NOUN
cblr-14251	333	44	is	be	AUX
cblr-14251	333	45	a	a	DET
cblr-14251	333	46	prime	prime	ADJ
cblr-14251	333	47	example	example	NOUN
cblr-14251	333	48	of	of	ADP
cblr-14251	333	49	an	an	DET
cblr-14251	333	50	investor	investor	NOUN
cblr-14251	333	51	-	-	PUNCT
cblr-14251	333	52	driven	drive	VERB
cblr-14251	333	53	innovation	innovation	NOUN
cblr-14251	333	54	.	.	PUNCT
cblr-14251	333	55	”	"	PUNCT
cblr-14251	333	56	)	)	PUNCT
cblr-14251	333	57	.	.	PUNCT
cblr-14251	334	1	no	no	INTJ
cblr-14251	334	2	.	.	NOUN
cblr-14251	334	3	1	1	NUM
cblr-14251	334	4	]	]	PUNCT
cblr-14251	334	5	securities	security	NOUN
cblr-14251	334	6	fraud	fraud	NOUN
cblr-14251	334	7	and	and	CCONJ
cblr-14251	334	8	the	the	DET
cblr-14251	334	9	market	market	NOUN
cblr-14251	334	10	for	for	ADP
cblr-14251	334	11	individual	individual	ADJ
cblr-14251	334	12	stocks	stock	NOUN
cblr-14251	334	13	249	249	NUM
cblr-14251	334	14	these	these	DET
cblr-14251	334	15	next	next	ADJ
cblr-14251	334	16	two	two	NUM
cblr-14251	334	17	sections	section	NOUN
cblr-14251	334	18	situate	situate	VERB
cblr-14251	334	19	the	the	DET
cblr-14251	334	20	evidence	evidence	NOUN
cblr-14251	334	21	of	of	ADP
cblr-14251	334	22	demanddriven	demanddriven	VERB
cblr-14251	334	23	trading	trading	NOUN
cblr-14251	334	24	and	and	CCONJ
cblr-14251	334	25	a	a	DET
cblr-14251	334	26	market	market	NOUN
cblr-14251	334	27	for	for	ADP
cblr-14251	334	28	individual	individual	ADJ
cblr-14251	334	29	stocks	stock	NOUN
cblr-14251	334	30	against	against	ADP
cblr-14251	334	31	a	a	DET
cblr-14251	334	32	primary	primary	ADJ
cblr-14251	334	33	theory	theory	NOUN
cblr-14251	334	34	of	of	ADP
cblr-14251	334	35	information	information	NOUN
cblr-14251	334	36	and	and	CCONJ
cblr-14251	334	37	price	price	NOUN
cblr-14251	334	38	discovery	discovery	NOUN
cblr-14251	334	39	in	in	ADP
cblr-14251	334	40	stock	stock	NOUN
cblr-14251	334	41	markets	market	NOUN
cblr-14251	334	42	.	.	PUNCT
cblr-14251	335	1	this	this	DET
cblr-14251	335	2	section	section	NOUN
cblr-14251	335	3	draws	draw	VERB
cblr-14251	335	4	on	on	ADP
cblr-14251	335	5	results	result	NOUN
cblr-14251	335	6	in	in	ADP
cblr-14251	335	7	corporate	corporate	ADJ
cblr-14251	335	8	finance	finance	NOUN
cblr-14251	335	9	as	as	ADV
cblr-14251	335	10	well	well	ADV
cblr-14251	335	11	as	as	ADP
cblr-14251	335	12	market	market	NOUN
cblr-14251	335	13	microstructure	microstructure	NOUN
cblr-14251	335	14	and	and	CCONJ
cblr-14251	335	15	financial	financial	ADJ
cblr-14251	335	16	economics	economic	NOUN
cblr-14251	335	17	to	to	PART
cblr-14251	335	18	highlight	highlight	VERB
cblr-14251	335	19	the	the	DET
cblr-14251	335	20	prevailing	prevail	VERB
cblr-14251	335	21	understanding	understanding	NOUN
cblr-14251	335	22	that	that	SCONJ
cblr-14251	335	23	both	both	CCONJ
cblr-14251	335	24	stock	stock	NOUN
cblr-14251	335	25	prices	price	NOUN
cblr-14251	335	26	and	and	CCONJ
cblr-14251	335	27	investors	investor	NOUN
cblr-14251	335	28	respond	respond	VERB
cblr-14251	335	29	primarily	primarily	ADV
cblr-14251	335	30	to	to	ADP
cblr-14251	335	31	financial	financial	ADJ
cblr-14251	335	32	information	information	NOUN
cblr-14251	335	33	in	in	ADP
cblr-14251	335	34	objective	objective	ADJ
cblr-14251	335	35	,	,	PUNCT
cblr-14251	335	36	measurable	measurable	ADJ
cblr-14251	335	37	ways	way	NOUN
cblr-14251	335	38	.	.	PUNCT
cblr-14251	336	1	part	part	NOUN
cblr-14251	336	2	a	a	DET
cblr-14251	336	3	lays	lay	VERB
cblr-14251	336	4	out	out	ADP
cblr-14251	336	5	the	the	DET
cblr-14251	336	6	traditional	traditional	ADJ
cblr-14251	336	7	assumptions	assumption	NOUN
cblr-14251	336	8	,	,	PUNCT
cblr-14251	336	9	while	while	SCONJ
cblr-14251	336	10	part	part	NOUN
cblr-14251	336	11	b	b	PROPN
cblr-14251	336	12	summarizes	summarize	NOUN
cblr-14251	336	13	several	several	ADJ
cblr-14251	336	14	longstanding	longstanding	ADJ
cblr-14251	336	15	criticisms	criticism	NOUN
cblr-14251	336	16	of	of	ADP
cblr-14251	336	17	the	the	DET
cblr-14251	336	18	traditional	traditional	ADJ
cblr-14251	336	19	assumptions	assumption	NOUN
cblr-14251	336	20	.	.	PUNCT
cblr-14251	337	1	the	the	DET
cblr-14251	337	2	following	follow	VERB
cblr-14251	337	3	section	section	NOUN
cblr-14251	337	4	then	then	ADV
cblr-14251	337	5	shows	show	VERB
cblr-14251	337	6	how	how	SCONJ
cblr-14251	337	7	growing	grow	VERB
cblr-14251	337	8	evidence	evidence	NOUN
cblr-14251	337	9	of	of	ADP
cblr-14251	337	10	demand	demand	NOUN
cblr-14251	337	11	-	-	PUNCT
cblr-14251	337	12	driven	drive	VERB
cblr-14251	337	13	trading	trading	NOUN
cblr-14251	337	14	and	and	CCONJ
cblr-14251	337	15	a	a	DET
cblr-14251	337	16	market	market	NOUN
cblr-14251	337	17	for	for	ADP
cblr-14251	337	18	individual	individual	ADJ
cblr-14251	337	19	stocks	stock	NOUN
cblr-14251	337	20	complicates	complicate	VERB
cblr-14251	337	21	this	this	DET
cblr-14251	337	22	understanding	understanding	NOUN
cblr-14251	337	23	.	.	PUNCT
cblr-14251	338	1	a.	a.	PROPN
cblr-14251	338	2	foundational	foundational	PROPN
cblr-14251	338	3	finance	finance	PROPN
cblr-14251	338	4	and	and	CCONJ
cblr-14251	338	5	no	no	DET
cblr-14251	338	6	individual	individual	ADJ
cblr-14251	338	7	demand	demand	NOUN
cblr-14251	338	8	for	for	ADP
cblr-14251	338	9	stocks	stock	NOUN
cblr-14251	338	10	foundational	foundational	ADJ
cblr-14251	338	11	financial	financial	ADJ
cblr-14251	338	12	theory	theory	NOUN
cblr-14251	338	13	teaches	teach	VERB
cblr-14251	338	14	that	that	SCONJ
cblr-14251	338	15	that	that	SCONJ
cblr-14251	338	16	stock	stock	NOUN
cblr-14251	338	17	prices	price	NOUN
cblr-14251	338	18	should	should	AUX
cblr-14251	338	19	be	be	AUX
cblr-14251	338	20	affected	affect	VERB
cblr-14251	338	21	only	only	ADV
cblr-14251	338	22	by	by	ADP
cblr-14251	338	23	information	information	NOUN
cblr-14251	338	24	relating	relate	VERB
cblr-14251	338	25	to	to	ADP
cblr-14251	338	26	an	an	DET
cblr-14251	338	27	issuer	issuer	NOUN
cblr-14251	338	28	’s	’s	PART
cblr-14251	338	29	future	future	ADJ
cblr-14251	338	30	cash	cash	NOUN
cblr-14251	338	31	flows	flow	NOUN
cblr-14251	338	32	that	that	PRON
cblr-14251	338	33	is	be	AUX
cblr-14251	338	34	not	not	PART
cblr-14251	338	35	yet	yet	ADV
cblr-14251	338	36	reflected	reflect	VERB
cblr-14251	338	37	in	in	ADP
cblr-14251	338	38	its	its	PRON
cblr-14251	338	39	stock	stock	NOUN
cblr-14251	338	40	price.87	price.87	VERB
cblr-14251	338	41	that	that	PRON
cblr-14251	338	42	is	be	AUX
cblr-14251	338	43	,	,	PUNCT
cblr-14251	338	44	financial	financial	ADJ
cblr-14251	338	45	information	information	NOUN
cblr-14251	338	46	affects	affect	VERB
cblr-14251	338	47	stock	stock	NOUN
cblr-14251	338	48	prices	price	NOUN
cblr-14251	338	49	.	.	PUNCT
cblr-14251	339	1	investors	investor	NOUN
cblr-14251	339	2	invest	invest	VERB
cblr-14251	339	3	to	to	PART
cblr-14251	339	4	achieve	achieve	VERB
cblr-14251	339	5	an	an	DET
cblr-14251	339	6	allocation	allocation	NOUN
cblr-14251	339	7	of	of	ADP
cblr-14251	339	8	financial	financial	ADJ
cblr-14251	339	9	risk	risk	NOUN
cblr-14251	339	10	and	and	CCONJ
cblr-14251	339	11	return	return	NOUN
cblr-14251	339	12	,	,	PUNCT
cblr-14251	339	13	and	and	CCONJ
cblr-14251	339	14	investors	investor	NOUN
cblr-14251	339	15	should	should	AUX
cblr-14251	339	16	accordingly	accordingly	ADV
cblr-14251	339	17	be	be	AUX
cblr-14251	339	18	indifferent	indifferent	ADJ
cblr-14251	339	19	between	between	ADP
cblr-14251	339	20	individual	individual	ADJ
cblr-14251	339	21	stocks	stock	NOUN
cblr-14251	339	22	given	give	VERB
cblr-14251	339	23	their	their	PRON
cblr-14251	339	24	high	high	ADJ
cblr-14251	339	25	substitutability.88	substitutability.88	PROPN
cblr-14251	339	26	87	87	NUM
cblr-14251	339	27	see	see	VERB
cblr-14251	339	28	new	new	ADJ
cblr-14251	339	29	stock	stock	NOUN
cblr-14251	339	30	market	market	NOUN
cblr-14251	339	31	,	,	PUNCT
cblr-14251	339	32	supra	supra	PROPN
cblr-14251	339	33	note	note	PROPN
cblr-14251	339	34	11	11	NUM
cblr-14251	339	35	,	,	PUNCT
cblr-14251	339	36	at	at	ADP
cblr-14251	339	37	1	1	NUM
cblr-14251	339	38	,	,	PUNCT
cblr-14251	339	39	34	34	NUM
cblr-14251	339	40	(	(	PUNCT
cblr-14251	339	41	explaining	explain	VERB
cblr-14251	339	42	that	that	SCONJ
cblr-14251	339	43	“	"	PUNCT
cblr-14251	339	44	[	[	X
cblr-14251	339	45	w]hereas	w]herea	VERB
cblr-14251	339	46	many	many	ADJ
cblr-14251	339	47	market	market	NOUN
cblr-14251	339	48	transactions	transaction	NOUN
cblr-14251	339	49	involve	involve	VERB
cblr-14251	339	50	the	the	DET
cblr-14251	339	51	consumption	consumption	NOUN
cblr-14251	339	52	of	of	ADP
cblr-14251	339	53	goods	good	NOUN
cblr-14251	339	54	that	that	PRON
cblr-14251	339	55	provide	provide	VERB
cblr-14251	339	56	personal	personal	ADJ
cblr-14251	339	57	utility	utility	NOUN
cblr-14251	339	58	,	,	PUNCT
cblr-14251	339	59	transactions	transaction	NOUN
cblr-14251	339	60	in	in	ADP
cblr-14251	339	61	financial	financial	ADJ
cblr-14251	339	62	markets	market	NOUN
cblr-14251	339	63	involve	involve	VERB
cblr-14251	339	64	the	the	DET
cblr-14251	339	65	pursuit	pursuit	NOUN
cblr-14251	339	66	of	of	ADP
cblr-14251	339	67	claims	claim	NOUN
cblr-14251	339	68	on	on	ADP
cblr-14251	339	69	future	future	ADJ
cblr-14251	339	70	cash	cash	NOUN
cblr-14251	339	71	flows	flow	NOUN
cblr-14251	339	72	and	and	CCONJ
cblr-14251	339	73	control	control	NOUN
cblr-14251	339	74	rights	right	NOUN
cblr-14251	339	75	”	"	PUNCT
cblr-14251	339	76	and	and	CCONJ
cblr-14251	339	77	defining	define	VERB
cblr-14251	339	78	price	price	NOUN
cblr-14251	339	79	accuracy	accuracy	NOUN
cblr-14251	339	80	as	as	ADP
cblr-14251	339	81	the	the	DET
cblr-14251	339	82	accuracy	accuracy	NOUN
cblr-14251	339	83	with	with	ADP
cblr-14251	339	84	which	which	PRON
cblr-14251	339	85	stock	stock	NOUN
cblr-14251	339	86	price	price	NOUN
cblr-14251	339	87	predicts	predict	VERB
cblr-14251	339	88	the	the	DET
cblr-14251	339	89	future	future	ADJ
cblr-14251	339	90	cash	cash	NOUN
cblr-14251	339	91	flows	flow	NOUN
cblr-14251	339	92	of	of	ADP
cblr-14251	339	93	the	the	DET
cblr-14251	339	94	issuer	issuer	NOUN
cblr-14251	339	95	)	)	PUNCT
cblr-14251	339	96	;	;	PUNCT
cblr-14251	339	97	see	see	VERB
cblr-14251	339	98	also	also	ADV
cblr-14251	339	99	myron	myron	PROPN
cblr-14251	339	100	scholes	scholes	PROPN
cblr-14251	339	101	,	,	PUNCT
cblr-14251	339	102	the	the	DET
cblr-14251	339	103	market	market	NOUN
cblr-14251	339	104	for	for	ADP
cblr-14251	339	105	securities	security	NOUN
cblr-14251	339	106	:	:	PUNCT
cblr-14251	339	107	substitution	substitution	NOUN
cblr-14251	339	108	versus	versus	ADP
cblr-14251	339	109	price	price	NOUN
cblr-14251	339	110	pressure	pressure	NOUN
cblr-14251	339	111	and	and	CCONJ
cblr-14251	339	112	the	the	DET
cblr-14251	339	113	effects	effect	NOUN
cblr-14251	339	114	of	of	ADP
cblr-14251	339	115	information	information	NOUN
cblr-14251	339	116	on	on	ADP
cblr-14251	339	117	share	share	NOUN
cblr-14251	339	118	prices	price	NOUN
cblr-14251	339	119	,	,	PUNCT
cblr-14251	339	120	45	45	NUM
cblr-14251	339	121	j.	j.	PROPN
cblr-14251	339	122	bus	bus	PROPN
cblr-14251	339	123	.	.	PUNCT
cblr-14251	340	1	179	179	NUM
cblr-14251	340	2	,	,	PUNCT
cblr-14251	340	3	183	183	NUM
cblr-14251	340	4	(	(	PUNCT
cblr-14251	340	5	1972	1972	NUM
cblr-14251	340	6	)	)	PUNCT
cblr-14251	341	1	(	(	PUNCT
cblr-14251	341	2	explaining	explain	VERB
cblr-14251	341	3	that	that	SCONJ
cblr-14251	341	4	expected	expect	VERB
cblr-14251	341	5	rates	rate	NOUN
cblr-14251	341	6	of	of	ADP
cblr-14251	341	7	return	return	NOUN
cblr-14251	341	8	and	and	CCONJ
cblr-14251	341	9	risk	risk	NOUN
cblr-14251	341	10	determine	determine	VERB
cblr-14251	341	11	stock	stock	NOUN
cblr-14251	341	12	prices	price	NOUN
cblr-14251	341	13	)	)	PUNCT
cblr-14251	341	14	.	.	PUNCT
cblr-14251	342	1	88	88	NUM
cblr-14251	342	2	see	see	VERB
cblr-14251	342	3	griffin	griffin	NOUN
cblr-14251	342	4	,	,	PUNCT
cblr-14251	342	5	supra	supra	PROPN
cblr-14251	342	6	note	note	NOUN
cblr-14251	342	7	9	9	NUM
cblr-14251	342	8	,	,	PUNCT
cblr-14251	342	9	at	at	ADP
cblr-14251	342	10	430	430	NUM
cblr-14251	342	11	(	(	PUNCT
cblr-14251	342	12	“	"	PUNCT
cblr-14251	342	13	individuals	individual	NOUN
cblr-14251	342	14	have	have	VERB
cblr-14251	342	15	no	no	DET
cblr-14251	342	16	particular	particular	ADJ
cblr-14251	342	17	attachment	attachment	NOUN
cblr-14251	342	18	to	to	ADP
cblr-14251	342	19	their	their	PRON
cblr-14251	342	20	individual	individual	ADJ
cblr-14251	342	21	stocks	stock	NOUN
cblr-14251	342	22	,	,	PUNCT
cblr-14251	342	23	and	and	CCONJ
cblr-14251	342	24	there	there	PRON
cblr-14251	342	25	are	be	VERB
cblr-14251	342	26	other	other	ADJ
cblr-14251	342	27	stocks	stock	NOUN
cblr-14251	342	28	that	that	PRON
cblr-14251	342	29	would	would	AUX
cblr-14251	342	30	,	,	PUNCT
cblr-14251	342	31	in	in	ADP
cblr-14251	342	32	the	the	DET
cblr-14251	342	33	right	right	ADJ
cblr-14251	342	34	combination	combination	NOUN
cblr-14251	342	35	,	,	PUNCT
cblr-14251	342	36	provide	provide	VERB
cblr-14251	342	37	their	their	PRON
cblr-14251	342	38	desired	desire	VERB
cblr-14251	342	39	level	level	NOUN
cblr-14251	342	40	of	of	ADP
cblr-14251	342	41	risk	risk	NOUN
cblr-14251	342	42	and	and	CCONJ
cblr-14251	342	43	return	return	NOUN
cblr-14251	342	44	”	"	PUNCT
cblr-14251	342	45	)	)	PUNCT
cblr-14251	342	46	;	;	PUNCT
cblr-14251	342	47	richard	richard	PROPN
cblr-14251	342	48	a.	a.	PROPN
cblr-14251	342	49	booth	booth	PROPN
cblr-14251	342	50	,	,	PUNCT
cblr-14251	342	51	discounts	discount	NOUN
cblr-14251	342	52	and	and	CCONJ
cblr-14251	342	53	other	other	ADJ
cblr-14251	342	54	mysteries	mystery	NOUN
cblr-14251	342	55	of	of	ADP
cblr-14251	342	56	corporate	corporate	ADJ
cblr-14251	342	57	finance	finance	NOUN
cblr-14251	342	58	,	,	PUNCT
cblr-14251	342	59	79	79	NUM
cblr-14251	342	60	calif	calif	PROPN
cblr-14251	342	61	.	.	PUNCT
cblr-14251	343	1	l.	l.	PROPN
cblr-14251	343	2	rev	rev	PROPN
cblr-14251	343	3	.	.	PROPN
cblr-14251	343	4	1053	1053	NUM
cblr-14251	343	5	,	,	PUNCT
cblr-14251	343	6	1059	1059	NUM
cblr-14251	343	7	(	(	PUNCT
cblr-14251	343	8	1991	1991	NUM
cblr-14251	343	9	)	)	PUNCT
cblr-14251	343	10	(	(	PUNCT
cblr-14251	343	11	“	"	PUNCT
cblr-14251	343	12	it	it	PRON
cblr-14251	343	13	is	be	AUX
cblr-14251	343	14	generally	generally	ADV
cblr-14251	343	15	assumed	assume	VERB
cblr-14251	343	16	within	within	ADP
cblr-14251	343	17	the	the	DET
cblr-14251	343	18	academic	academic	ADJ
cblr-14251	343	19	community	community	NOUN
cblr-14251	343	20	that	that	PRON
cblr-14251	343	21	a	a	DET
cblr-14251	343	22	well	well	ADV
cblr-14251	343	23	-	-	PUNCT
cblr-14251	343	24	diversified	diversify	VERB
cblr-14251	343	25	investor	investor	NOUN
cblr-14251	343	26	who	who	PRON
cblr-14251	343	27	follows	follow	VERB
cblr-14251	343	28	the	the	DET
cblr-14251	343	29	dictates	dictate	NOUN
cblr-14251	343	30	of	of	ADP
cblr-14251	343	31	the	the	DET
cblr-14251	343	32	efficient	efficient	ADJ
cblr-14251	343	33	market	market	NOUN
cblr-14251	343	34	theory	theory	NOUN
cblr-14251	343	35	will	will	AUX
cblr-14251	343	36	be	be	AUX
cblr-14251	343	37	indifferent	indifferent	ADJ
cblr-14251	343	38	among	among	ADP
cblr-14251	343	39	various	various	ADJ
cblr-14251	343	40	stocks	stock	NOUN
cblr-14251	343	41	.	.	PUNCT
cblr-14251	343	42	”	"	PUNCT
cblr-14251	343	43	)	)	PUNCT
cblr-14251	343	44	.	.	PUNCT
cblr-14251	344	1	250	250	NUM
cblr-14251	344	2	columbia	columbia	PROPN
cblr-14251	344	3	business	business	NOUN
cblr-14251	344	4	law	law	NOUN
cblr-14251	344	5	review	review	NOUN
cblr-14251	344	6	[	[	X
cblr-14251	344	7	vol	vol	NOUN
cblr-14251	344	8	.	.	PUNCT
cblr-14251	344	9	2025	2025	NUM
cblr-14251	344	10	as	as	ADP
cblr-14251	344	11	a	a	DET
cblr-14251	344	12	result	result	NOUN
cblr-14251	344	13	,	,	PUNCT
cblr-14251	344	14	stocks	stock	NOUN
cblr-14251	344	15	exhibit	exhibit	VERB
cblr-14251	344	16	a	a	DET
cblr-14251	344	17	horizontal	horizontal	ADJ
cblr-14251	344	18	demand	demand	NOUN
cblr-14251	344	19	curve	curve	NOUN
cblr-14251	344	20	and	and	CCONJ
cblr-14251	344	21	no	no	DET
cblr-14251	344	22	market	market	NOUN
cblr-14251	344	23	for	for	ADP
cblr-14251	344	24	individual	individual	ADJ
cblr-14251	344	25	stocks	stock	NOUN
cblr-14251	344	26	should	should	AUX
cblr-14251	344	27	exist.89	exist.89	VERB
cblr-14251	344	28	the	the	DET
cblr-14251	344	29	primary	primary	ADJ
cblr-14251	344	30	microstructure	microstructure	NOUN
cblr-14251	344	31	-	-	PUNCT
cblr-14251	344	32	driven	drive	VERB
cblr-14251	344	33	understanding	understanding	NOUN
cblr-14251	344	34	of	of	ADP
cblr-14251	344	35	price	price	NOUN
cblr-14251	344	36	discovery	discovery	NOUN
cblr-14251	344	37	in	in	ADP
cblr-14251	344	38	stock	stock	NOUN
cblr-14251	344	39	markets	market	NOUN
cblr-14251	344	40	also	also	ADV
cblr-14251	344	41	reflects	reflect	VERB
cblr-14251	344	42	this	this	DET
cblr-14251	344	43	linear	linear	ADJ
cblr-14251	344	44	relationship	relationship	NOUN
cblr-14251	344	45	between	between	ADP
cblr-14251	344	46	financial	financial	ADJ
cblr-14251	344	47	,	,	PUNCT
cblr-14251	344	48	material	material	ADJ
cblr-14251	344	49	information	information	NOUN
cblr-14251	344	50	and	and	CCONJ
cblr-14251	344	51	investor	investor	NOUN
cblr-14251	344	52	behavior	behavior	NOUN
cblr-14251	344	53	.	.	PUNCT
cblr-14251	345	1	as	as	ADP
cblr-14251	345	2	a	a	DET
cblr-14251	345	3	starting	starting	NOUN
cblr-14251	345	4	point	point	NOUN
cblr-14251	345	5	,	,	PUNCT
cblr-14251	345	6	the	the	DET
cblr-14251	345	7	primary	primary	ADJ
cblr-14251	345	8	economic	economic	ADJ
cblr-14251	345	9	and	and	CCONJ
cblr-14251	345	10	social	social	ADJ
cblr-14251	345	11	goals	goal	NOUN
cblr-14251	345	12	motivating	motivate	VERB
cblr-14251	345	13	stock	stock	NOUN
cblr-14251	345	14	market	market	NOUN
cblr-14251	345	15	regulation	regulation	NOUN
cblr-14251	345	16	are	be	AUX
cblr-14251	345	17	:	:	PUNCT
cblr-14251	345	18	(	(	PUNCT
cblr-14251	345	19	1	1	X
cblr-14251	345	20	)	)	PUNCT
cblr-14251	345	21	promoting	promote	VERB
cblr-14251	345	22	the	the	DET
cblr-14251	345	23	efficient	efficient	ADJ
cblr-14251	345	24	allocation	allocation	NOUN
cblr-14251	345	25	of	of	ADP
cblr-14251	345	26	capital	capital	NOUN
cblr-14251	345	27	to	to	ADP
cblr-14251	345	28	the	the	DET
cblr-14251	345	29	best	good	ADJ
cblr-14251	345	30	new	new	ADJ
cblr-14251	345	31	investment	investment	NOUN
cblr-14251	345	32	projects	project	NOUN
cblr-14251	345	33	in	in	ADP
cblr-14251	345	34	the	the	DET
cblr-14251	345	35	economy	economy	NOUN
cblr-14251	345	36	;	;	PUNCT
cblr-14251	345	37	(	(	PUNCT
cblr-14251	345	38	2	2	X
cblr-14251	345	39	)	)	PUNCT
cblr-14251	345	40	promoting	promote	VERB
cblr-14251	345	41	the	the	DET
cblr-14251	345	42	efficient	efficient	ADJ
cblr-14251	345	43	operation	operation	NOUN
cblr-14251	345	44	of	of	ADP
cblr-14251	345	45	the	the	DET
cblr-14251	345	46	economy	economy	NOUN
cblr-14251	345	47	’s	’s	PART
cblr-14251	345	48	existing	exist	VERB
cblr-14251	345	49	productive	productive	ADJ
cblr-14251	345	50	capacity	capacity	NOUN
cblr-14251	345	51	;	;	PUNCT
cblr-14251	345	52	(	(	PUNCT
cblr-14251	345	53	3	3	X
cblr-14251	345	54	)	)	PUNCT
cblr-14251	345	55	promoting	promote	VERB
cblr-14251	345	56	the	the	DET
cblr-14251	345	57	efficient	efficient	ADJ
cblr-14251	345	58	allocation	allocation	NOUN
cblr-14251	345	59	of	of	ADP
cblr-14251	345	60	resources	resource	NOUN
cblr-14251	345	61	between	between	ADP
cblr-14251	345	62	current	current	ADJ
cblr-14251	345	63	and	and	CCONJ
cblr-14251	345	64	future	future	ADJ
cblr-14251	345	65	periods	period	NOUN
cblr-14251	345	66	so	so	SCONJ
cblr-14251	345	67	as	as	SCONJ
cblr-14251	345	68	to	to	PART
cblr-14251	345	69	best	well	ADV
cblr-14251	345	70	satisfy	satisfy	VERB
cblr-14251	345	71	the	the	DET
cblr-14251	345	72	needs	need	NOUN
cblr-14251	345	73	of	of	ADP
cblr-14251	345	74	firms	firm	NOUN
cblr-14251	345	75	seeking	seek	VERB
cblr-14251	345	76	financing	financing	NOUN
cblr-14251	345	77	for	for	ADP
cblr-14251	345	78	real	real	ADJ
cblr-14251	345	79	investments	investment	NOUN
cblr-14251	346	1	[	[	X
cblr-14251	346	2	trading	trade	VERB
cblr-14251	346	3	the	the	DET
cblr-14251	346	4	promise	promise	NOUN
cblr-14251	346	5	of	of	ADP
cblr-14251	346	6	future	future	ADJ
cblr-14251	346	7	dollars	dollar	NOUN
cblr-14251	346	8	to	to	PART
cblr-14251	346	9	obtain	obtain	VERB
cblr-14251	346	10	current	current	ADJ
cblr-14251	346	11	dollars	dollar	NOUN
cblr-14251	346	12	]	]	PUNCT
cblr-14251	346	13	,	,	PUNCT
cblr-14251	346	14	and	and	CCONJ
cblr-14251	346	15	the	the	DET
cblr-14251	346	16	needs	need	NOUN
cblr-14251	346	17	of	of	ADP
cblr-14251	346	18	savers	saver	NOUN
cblr-14251	346	19	seeking	seek	VERB
cblr-14251	346	20	to	to	PART
cblr-14251	346	21	forgo	forgo	VERB
cblr-14251	346	22	current	current	ADJ
cblr-14251	346	23	consumption	consumption	NOUN
cblr-14251	346	24	in	in	ADP
cblr-14251	346	25	order	order	NOUN
cblr-14251	346	26	to	to	PART
cblr-14251	346	27	enjoy	enjoy	VERB
cblr-14251	346	28	future	future	ADJ
cblr-14251	346	29	consumption	consumption	NOUN
cblr-14251	346	30	[	[	X
cblr-14251	346	31	trading	trade	VERB
cblr-14251	346	32	current	current	ADJ
cblr-14251	346	33	dollars	dollar	NOUN
cblr-14251	346	34	to	to	PART
cblr-14251	346	35	obtain	obtain	VERB
cblr-14251	346	36	the	the	DET
cblr-14251	346	37	promise	promise	NOUN
cblr-14251	346	38	of	of	ADP
cblr-14251	346	39	future	future	ADJ
cblr-14251	346	40	dollars	dollar	NOUN
cblr-14251	346	41	]	]	PUNCT
cblr-14251	346	42	;	;	PUNCT
cblr-14251	346	43	(	(	PUNCT
cblr-14251	346	44	4	4	X
cblr-14251	346	45	)	)	PUNCT
cblr-14251	346	46	promoting	promote	VERB
cblr-14251	346	47	the	the	DET
cblr-14251	346	48	efficient	efficient	ADJ
cblr-14251	346	49	allocation	allocation	NOUN
cblr-14251	346	50	among	among	ADP
cblr-14251	346	51	investors	investor	NOUN
cblr-14251	346	52	of	of	ADP
cblr-14251	346	53	the	the	DET
cblr-14251	346	54	risks	risk	NOUN
cblr-14251	346	55	associated	associate	VERB
cblr-14251	346	56	with	with	ADP
cblr-14251	346	57	holding	hold	VERB
cblr-14251	346	58	securities	security	NOUN
cblr-14251	346	59	so	so	SCONJ
cblr-14251	346	60	that	that	SCONJ
cblr-14251	346	61	risk	risk	NOUN
cblr-14251	346	62	-	-	PUNCT
cblr-14251	346	63	averse	averse	ADJ
cblr-14251	346	64	investors	investor	NOUN
cblr-14251	346	65	bear	bear	VERB
cblr-14251	346	66	their	their	PRON
cblr-14251	346	67	volatility	volatility	NOUN
cblr-14251	346	68	with	with	ADP
cblr-14251	346	69	minimal	minimal	ADJ
cblr-14251	346	70	disutility	disutility	NOUN
cblr-14251	346	71	;	;	PUNCT
cblr-14251	346	72	and	and	CCONJ
cblr-14251	346	73	(	(	PUNCT
cblr-14251	346	74	5	5	X
cblr-14251	346	75	)	)	PUNCT
cblr-14251	346	76	operating	operate	VERB
cblr-14251	346	77	fairly	fairly	ADV
cblr-14251	346	78	and	and	CCONJ
cblr-14251	346	79	fostering	foster	VERB
cblr-14251	346	80	an	an	DET
cblr-14251	346	81	overall	overall	ADJ
cblr-14251	346	82	sense	sense	NOUN
cblr-14251	346	83	of	of	ADP
cblr-14251	346	84	fairness.90	fairness.90	ADV
cblr-14251	346	85	greater	great	ADJ
cblr-14251	346	86	share	share	NOUN
cblr-14251	346	87	price	price	NOUN
cblr-14251	346	88	accuracy	accuracy	NOUN
cblr-14251	346	89	furthers	further	VERB
cblr-14251	346	90	these	these	DET
cblr-14251	346	91	goals	goal	NOUN
cblr-14251	346	92	,	,	PUNCT
cblr-14251	346	93	as	as	SCONJ
cblr-14251	346	94	does	do	AUX
cblr-14251	346	95	greater	great	ADJ
cblr-14251	346	96	liquidity.91	liquidity.91	NOUN
cblr-14251	346	97	price	price	NOUN
cblr-14251	346	98	accuracy	accuracy	NOUN
cblr-14251	346	99	contemplates	contemplate	VERB
cblr-14251	346	100	how	how	SCONJ
cblr-14251	346	101	accurately	accurately	ADV
cblr-14251	346	102	the	the	DET
cblr-14251	346	103	stock	stock	NOUN
cblr-14251	346	104	price	price	NOUN
cblr-14251	346	105	estimates	estimate	VERB
cblr-14251	346	106	the	the	DET
cblr-14251	346	107	future	future	ADJ
cblr-14251	346	108	cash	cash	NOUN
cblr-14251	346	109	89	89	NUM
cblr-14251	346	110	see	see	VERB
cblr-14251	346	111	stout	stout	NOUN
cblr-14251	346	112	,	,	PUNCT
cblr-14251	346	113	supra	supra	ADJ
cblr-14251	346	114	note	note	NOUN
cblr-14251	346	115	9	9	NUM
cblr-14251	346	116	,	,	PUNCT
cblr-14251	346	117	at	at	ADP
cblr-14251	346	118	5	5	NUM
cblr-14251	346	119	(	(	PUNCT
cblr-14251	346	120	explaining	explain	VERB
cblr-14251	346	121	that	that	SCONJ
cblr-14251	346	122	all	all	DET
cblr-14251	346	123	securities	security	NOUN
cblr-14251	346	124	should	should	AUX
cblr-14251	346	125	be	be	AUX
cblr-14251	346	126	perfect	perfect	ADJ
cblr-14251	346	127	substitutes	substitute	NOUN
cblr-14251	346	128	for	for	ADP
cblr-14251	346	129	one	one	NUM
cblr-14251	346	130	another	another	DET
cblr-14251	346	131	and	and	CCONJ
cblr-14251	346	132	demand	demand	NOUN
cblr-14251	346	133	for	for	ADP
cblr-14251	346	134	any	any	DET
cblr-14251	346	135	stock	stock	NOUN
cblr-14251	346	136	should	should	AUX
cblr-14251	346	137	be	be	AUX
cblr-14251	346	138	flat	flat	ADJ
cblr-14251	346	139	)	)	PUNCT
cblr-14251	346	140	.	.	PUNCT
cblr-14251	347	1	90	90	NUM
cblr-14251	347	2	merritt	merritt	PROPN
cblr-14251	347	3	b.	b.	PROPN
cblr-14251	347	4	fox	fox	PROPN
cblr-14251	347	5	et	et	PROPN
cblr-14251	347	6	al	al	PROPN
cblr-14251	347	7	.	.	PROPN
cblr-14251	347	8	,	,	PUNCT
cblr-14251	347	9	informed	inform	VERB
cblr-14251	347	10	trading	trading	NOUN
cblr-14251	347	11	and	and	CCONJ
cblr-14251	347	12	its	its	PRON
cblr-14251	347	13	regulation	regulation	NOUN
cblr-14251	347	14	,	,	PUNCT
cblr-14251	347	15	43	43	NUM
cblr-14251	347	16	j.	j.	PROPN
cblr-14251	347	17	corp	corp	PROPN
cblr-14251	347	18	.	.	PROPN
cblr-14251	347	19	l.	l.	PROPN
cblr-14251	347	20	817	817	NUM
cblr-14251	347	21	,	,	PUNCT
cblr-14251	347	22	833	833	NUM
cblr-14251	347	23	(	(	PUNCT
cblr-14251	347	24	2018	2018	NUM
cblr-14251	347	25	)	)	PUNCT
cblr-14251	347	26	.	.	PUNCT
cblr-14251	348	1	91	91	NUM
cblr-14251	348	2	see	see	VERB
cblr-14251	348	3	i	i	PRON
cblr-14251	348	4	d.	d.	PROPN
cblr-14251	348	5	(	(	PUNCT
cblr-14251	348	6	citing	cite	VERB
cblr-14251	348	7	thierry	thierry	PROPN
cblr-14251	348	8	foucault	foucault	PROPN
cblr-14251	348	9	et	et	PROPN
cblr-14251	348	10	al	al	PROPN
cblr-14251	348	11	.	.	PROPN
cblr-14251	348	12	,	,	PUNCT
cblr-14251	348	13	market	market	NOUN
cblr-14251	348	14	liquidity	liquidity	NOUN
cblr-14251	348	15	:	:	PUNCT
cblr-14251	348	16	theory	theory	NOUN
cblr-14251	348	17	,	,	PUNCT
cblr-14251	348	18	evidence	evidence	NOUN
cblr-14251	348	19	,	,	PUNCT
cblr-14251	348	20	and	and	CCONJ
cblr-14251	348	21	policy	policy	NOUN
cblr-14251	348	22	31	31	NUM
cblr-14251	348	23	(	(	PUNCT
cblr-14251	348	24	2013	2013	NUM
cblr-14251	348	25	)	)	PUNCT
cblr-14251	348	26	)	)	PUNCT
cblr-14251	348	27	.	.	PUNCT
cblr-14251	349	1	no	no	INTJ
cblr-14251	349	2	.	.	NOUN
cblr-14251	349	3	1	1	NUM
cblr-14251	349	4	]	]	PUNCT
cblr-14251	349	5	securities	security	NOUN
cblr-14251	349	6	fraud	fraud	NOUN
cblr-14251	349	7	and	and	CCONJ
cblr-14251	349	8	the	the	DET
cblr-14251	349	9	market	market	NOUN
cblr-14251	349	10	for	for	ADP
cblr-14251	349	11	individual	individual	ADJ
cblr-14251	349	12	stocks	stock	NOUN
cblr-14251	349	13	251	251	NUM
cblr-14251	349	14	flows	flow	NOUN
cblr-14251	349	15	of	of	ADP
cblr-14251	349	16	the	the	DET
cblr-14251	349	17	issuer.92	issuer.92	PROPN
cblr-14251	349	18	liquidity	liquidity	NOUN
cblr-14251	349	19	generally	generally	ADV
cblr-14251	349	20	refers	refer	VERB
cblr-14251	349	21	to	to	ADP
cblr-14251	349	22	transaction	transaction	NOUN
cblr-14251	349	23	costs	cost	NOUN
cblr-14251	349	24	and	and	CCONJ
cblr-14251	349	25	the	the	DET
cblr-14251	349	26	ease	ease	NOUN
cblr-14251	349	27	with	with	ADP
cblr-14251	349	28	which	which	PRON
cblr-14251	349	29	trades	trade	VERB
cblr-14251	349	30	occur.93	occur.93	NOUN
cblr-14251	349	31	price	price	NOUN
cblr-14251	349	32	discovery	discovery	NOUN
cblr-14251	349	33	in	in	ADP
cblr-14251	349	34	the	the	DET
cblr-14251	349	35	stock	stock	NOUN
cblr-14251	349	36	market	market	NOUN
cblr-14251	349	37	is	be	AUX
cblr-14251	349	38	largely	largely	ADV
cblr-14251	349	39	a	a	DET
cblr-14251	349	40	product	product	NOUN
cblr-14251	349	41	of	of	ADP
cblr-14251	349	42	information	information	NOUN
cblr-14251	349	43	asymmetries	asymmetry	NOUN
cblr-14251	349	44	between	between	ADP
cblr-14251	349	45	informed	inform	VERB
cblr-14251	349	46	traders	trader	NOUN
cblr-14251	349	47	and	and	CCONJ
cblr-14251	349	48	the	the	DET
cblr-14251	349	49	liquidity	liquidity	NOUN
cblr-14251	349	50	suppliers	supplier	NOUN
cblr-14251	349	51	with	with	ADP
cblr-14251	349	52	whom	whom	PRON
cblr-14251	349	53	they	they	PRON
cblr-14251	349	54	interact.94	interact.94	VERB
cblr-14251	349	55	with	with	ADP
cblr-14251	349	56	information	information	NOUN
cblr-14251	349	57	about	about	ADP
cblr-14251	349	58	the	the	DET
cblr-14251	349	59	underlying	underlie	VERB
cblr-14251	349	60	company	company	NOUN
cblr-14251	349	61	,	,	PUNCT
cblr-14251	349	62	informed	inform	VERB
cblr-14251	349	63	traders	trader	NOUN
cblr-14251	349	64	identify	identify	VERB
cblr-14251	349	65	underor	underor	NOUN
cblr-14251	349	66	overvalued	overvalue	VERB
cblr-14251	349	67	stocks	stock	NOUN
cblr-14251	349	68	and	and	CCONJ
cblr-14251	349	69	trade	trade	NOUN
cblr-14251	349	70	to	to	PART
cblr-14251	349	71	make	make	VERB
cblr-14251	349	72	profits	profit	NOUN
cblr-14251	349	73	based	base	VERB
cblr-14251	349	74	on	on	ADP
cblr-14251	349	75	their	their	PRON
cblr-14251	349	76	information.95	information.95	NOUN
cblr-14251	349	77	prices	price	NOUN
cblr-14251	349	78	move	move	VERB
cblr-14251	349	79	to	to	ADP
cblr-14251	349	80	a	a	DET
cblr-14251	349	81	more	more	ADV
cblr-14251	349	82	accurate	accurate	ADJ
cblr-14251	349	83	value	value	NOUN
cblr-14251	349	84	by	by	ADP
cblr-14251	349	85	impounding	impound	VERB
cblr-14251	349	86	this	this	DET
cblr-14251	349	87	information.96	information.96	NOUN
cblr-14251	349	88	by	by	ADP
cblr-14251	349	89	contrast	contrast	NOUN
cblr-14251	349	90	,	,	PUNCT
cblr-14251	349	91	uninformed	uninformed	ADJ
cblr-14251	349	92	traders	trader	NOUN
cblr-14251	349	93	trade	trade	VERB
cblr-14251	349	94	for	for	ADP
cblr-14251	349	95	reasons	reason	NOUN
cblr-14251	349	96	unrelated	unrelated	ADJ
cblr-14251	349	97	to	to	ADP
cblr-14251	349	98	information	information	NOUN
cblr-14251	349	99	about	about	ADP
cblr-14251	349	100	an	an	DET
cblr-14251	349	101	issuer.97	issuer.97	NOUN
cblr-14251	349	102	retail	retail	ADJ
cblr-14251	349	103	investors	investor	NOUN
cblr-14251	349	104	are	be	AUX
cblr-14251	349	105	typically	typically	ADV
cblr-14251	349	106	categorized	categorize	VERB
cblr-14251	349	107	as	as	ADP
cblr-14251	349	108	uninformed	uninformed	ADJ
cblr-14251	349	109	traders.98	traders.98	NOUN
cblr-14251	349	110	because	because	SCONJ
cblr-14251	349	111	their	their	PRON
cblr-14251	349	112	reasons	reason	NOUN
cblr-14251	349	113	for	for	ADP
cblr-14251	349	114	trading	trading	NOUN
cblr-14251	349	115	are	be	AUX
cblr-14251	349	116	idiosyncratic	idiosyncratic	ADJ
cblr-14251	349	117	,	,	PUNCT
cblr-14251	349	118	theory	theory	NOUN
cblr-14251	349	119	assumes	assume	VERB
cblr-14251	349	120	uninformed	uninformed	ADJ
cblr-14251	349	121	purchase	purchase	NOUN
cblr-14251	349	122	orders	order	NOUN
cblr-14251	349	123	will	will	AUX
cblr-14251	349	124	approximately	approximately	ADV
cblr-14251	349	125	net	net	VERB
cblr-14251	349	126	out	out	ADP
cblr-14251	349	127	against	against	ADP
cblr-14251	349	128	uninformed	uninformed	ADJ
cblr-14251	349	129	sell	sell	NOUN
cblr-14251	349	130	orders	order	NOUN
cblr-14251	349	131	in	in	ADP
cblr-14251	349	132	aggregate.99	aggregate.99	NOUN
cblr-14251	349	133	further	far	ADV
cblr-14251	349	134	,	,	PUNCT
cblr-14251	349	135	more	more	ADV
cblr-14251	349	136	sophisticated	sophisticated	ADJ
cblr-14251	349	137	92	92	NUM
cblr-14251	349	138	i	i	PROPN
cblr-14251	349	139	d.	d.	NOUN
cblr-14251	349	140	at	at	ADP
cblr-14251	349	141	833–34	833–34	PROPN
cblr-14251	349	142	(	(	PUNCT
cblr-14251	349	143	noting	note	VERB
cblr-14251	349	144	that	that	SCONJ
cblr-14251	349	145	greater	great	ADJ
cblr-14251	349	146	stock	stock	NOUN
cblr-14251	349	147	price	price	NOUN
cblr-14251	349	148	accuracy	accuracy	NOUN
cblr-14251	349	149	also	also	ADV
cblr-14251	349	150	improves	improve	VERB
cblr-14251	349	151	management	management	NOUN
cblr-14251	349	152	decisions	decision	NOUN
cblr-14251	349	153	as	as	ADV
cblr-14251	349	154	well	well	ADV
cblr-14251	349	155	as	as	ADP
cblr-14251	349	156	investors	investor	NOUN
cblr-14251	349	157	’	'	PUNCT
cblr-14251	349	158	sense	sense	NOUN
cblr-14251	349	159	of	of	ADP
cblr-14251	349	160	fairness	fairness	NOUN
cblr-14251	349	161	)	)	PUNCT
cblr-14251	349	162	.	.	PUNCT
cblr-14251	350	1	see	see	VERB
cblr-14251	350	2	also	also	ADV
cblr-14251	350	3	merritt	merritt	PROPN
cblr-14251	350	4	b.	b.	PROPN
cblr-14251	350	5	fox	fox	PROPN
cblr-14251	350	6	et	et	PROPN
cblr-14251	350	7	al	al	PROPN
cblr-14251	350	8	.	.	PROPN
cblr-14251	350	9	,	,	PUNCT
cblr-14251	350	10	stock	stock	NOUN
cblr-14251	350	11	market	market	NOUN
cblr-14251	350	12	manipulation	manipulation	NOUN
cblr-14251	350	13	and	and	CCONJ
cblr-14251	350	14	its	its	PRON
cblr-14251	350	15	regulation	regulation	NOUN
cblr-14251	350	16	,	,	PUNCT
cblr-14251	350	17	35	35	NUM
cblr-14251	350	18	yale	yale	NOUN
cblr-14251	350	19	j.	j.	PROPN
cblr-14251	350	20	on	on	ADP
cblr-14251	350	21	regul	regul	NOUN
cblr-14251	350	22	.	.	PUNCT
cblr-14251	351	1	67	67	NUM
cblr-14251	351	2	,	,	PUNCT
cblr-14251	351	3	83	83	NUM
cblr-14251	351	4	(	(	PUNCT
cblr-14251	351	5	2018	2018	NUM
cblr-14251	351	6	)	)	PUNCT
cblr-14251	352	1	(	(	PUNCT
cblr-14251	352	2	explaining	explain	VERB
cblr-14251	352	3	that	that	SCONJ
cblr-14251	352	4	higher	high	ADJ
cblr-14251	352	5	stock	stock	NOUN
cblr-14251	352	6	price	price	NOUN
cblr-14251	352	7	accuracy	accuracy	NOUN
cblr-14251	352	8	helps	help	VERB
cblr-14251	352	9	funnel	funnel	VERB
cblr-14251	352	10	capital	capital	NOUN
cblr-14251	352	11	toward	toward	ADP
cblr-14251	352	12	more	more	ADV
cblr-14251	352	13	socially	socially	ADV
cblr-14251	352	14	beneficial	beneficial	ADJ
cblr-14251	352	15	investment	investment	NOUN
cblr-14251	352	16	projects	project	NOUN
cblr-14251	352	17	)	)	PUNCT
cblr-14251	352	18	.	.	PUNCT
cblr-14251	353	1	93	93	NUM
cblr-14251	353	2	new	new	ADJ
cblr-14251	353	3	stock	stock	NOUN
cblr-14251	353	4	market	market	NOUN
cblr-14251	353	5	,	,	PUNCT
cblr-14251	353	6	supra	supra	PROPN
cblr-14251	353	7	note	note	PROPN
cblr-14251	353	8	11	11	NUM
cblr-14251	353	9	,	,	PUNCT
cblr-14251	353	10	at	at	ADP
cblr-14251	353	11	34	34	NUM
cblr-14251	353	12	.	.	PUNCT
cblr-14251	353	13	94	94	NUM
cblr-14251	354	1	i	i	PRON
cblr-14251	354	2	d.	d.	PROPN
cblr-14251	354	3	at	at	ADP
cblr-14251	354	4	65–66	65–66	NUM
cblr-14251	354	5	.	.	PUNCT
cblr-14251	355	1	95	95	NUM
cblr-14251	356	1	i	i	PRON
cblr-14251	356	2	d.	d.	PROPN
cblr-14251	356	3	at	at	ADP
cblr-14251	356	4	60	60	NUM
cblr-14251	356	5	.	.	PUNCT
cblr-14251	357	1	96	96	NUM
cblr-14251	357	2	see	see	VERB
cblr-14251	357	3	i	i	PRON
cblr-14251	357	4	d.	d.	PROPN
cblr-14251	357	5	at	at	ADP
cblr-14251	357	6	70	70	NUM
cblr-14251	357	7	(	(	PUNCT
cblr-14251	357	8	showing	show	VERB
cblr-14251	357	9	how	how	SCONJ
cblr-14251	357	10	informed	informed	ADJ
cblr-14251	357	11	trading	trading	NOUN
cblr-14251	357	12	increases	increase	VERB
cblr-14251	357	13	price	price	NOUN
cblr-14251	357	14	accuracy	accuracy	NOUN
cblr-14251	357	15	)	)	PUNCT
cblr-14251	357	16	.	.	PUNCT
cblr-14251	358	1	97	97	NUM
cblr-14251	359	1	i	i	PRON
cblr-14251	359	2	d.	d.	PROPN
cblr-14251	359	3	at	at	ADP
cblr-14251	359	4	80	80	NUM
cblr-14251	359	5	.	.	PUNCT
cblr-14251	360	1	98	98	NUM
cblr-14251	360	2	see	see	VERB
cblr-14251	360	3	i	i	PRON
cblr-14251	360	4	d.	d.	PROPN
cblr-14251	360	5	at	at	ADP
cblr-14251	360	6	62–63	62–63	NUM
cblr-14251	360	7	.	.	PUNCT
cblr-14251	361	1	this	this	DET
cblr-14251	361	2	article	article	NOUN
cblr-14251	361	3	generally	generally	ADV
cblr-14251	361	4	uses	use	VERB
cblr-14251	361	5	the	the	DET
cblr-14251	361	6	term	term	NOUN
cblr-14251	361	7	retail	retail	ADJ
cblr-14251	361	8	investors	investor	NOUN
cblr-14251	361	9	or	or	CCONJ
cblr-14251	361	10	retail	retail	ADJ
cblr-14251	361	11	traders	trader	NOUN
cblr-14251	361	12	to	to	PART
cblr-14251	361	13	reference	reference	VERB
cblr-14251	361	14	those	those	PRON
cblr-14251	361	15	who	who	PRON
cblr-14251	361	16	trade	trade	VERB
cblr-14251	361	17	in	in	ADP
cblr-14251	361	18	stock	stock	NOUN
cblr-14251	361	19	for	for	ADP
cblr-14251	361	20	individual	individual	ADJ
cblr-14251	361	21	accounts	account	NOUN
cblr-14251	361	22	,	,	PUNCT
cblr-14251	361	23	as	as	SCONJ
cblr-14251	361	24	distinguished	distinguish	VERB
cblr-14251	361	25	from	from	ADP
cblr-14251	361	26	institutional	institutional	ADJ
cblr-14251	361	27	investors	investor	NOUN
cblr-14251	361	28	.	.	PUNCT
cblr-14251	362	1	see	see	VERB
cblr-14251	362	2	adam	adam	PROPN
cblr-14251	362	3	hayes	hayes	PROPN
cblr-14251	362	4	,	,	PUNCT
cblr-14251	362	5	retail	retail	ADJ
cblr-14251	362	6	investor	investor	NOUN
cblr-14251	362	7	:	:	PUNCT
cblr-14251	362	8	definition	definition	NOUN
cblr-14251	362	9	,	,	PUNCT
cblr-14251	362	10	what	what	PRON
cblr-14251	362	11	they	they	PRON
cblr-14251	362	12	do	do	VERB
cblr-14251	362	13	,	,	PUNCT
cblr-14251	362	14	and	and	CCONJ
cblr-14251	362	15	market	market	NOUN
cblr-14251	362	16	impact	impact	NOUN
cblr-14251	362	17	,	,	PUNCT
cblr-14251	362	18	investopedia	investopedia	PROPN
cblr-14251	362	19	(	(	PUNCT
cblr-14251	362	20	updated	update	VERB
cblr-14251	362	21	feb	feb	PROPN
cblr-14251	362	22	.	.	PROPN
cblr-14251	362	23	17	17	NUM
cblr-14251	362	24	,	,	PUNCT
cblr-14251	362	25	2021	2021	NUM
cblr-14251	362	26	)	)	PUNCT
cblr-14251	362	27	,	,	PUNCT
cblr-14251	362	28	https://www.investopedia.com/terms/r/retailinvestor.asp	https://www.investopedia.com/terms/r/retailinvestor.asp	X
cblr-14251	363	1	[	[	X
cblr-14251	363	2	https://perma.cc/a8k5-eucl	https://perma.cc/a8k5-eucl	X
cblr-14251	363	3	]	]	PUNCT
cblr-14251	363	4	(	(	PUNCT
cblr-14251	363	5	defining	define	VERB
cblr-14251	363	6	retail	retail	ADJ
cblr-14251	363	7	investors	investor	NOUN
cblr-14251	363	8	as	as	ADP
cblr-14251	363	9	“	"	PUNCT
cblr-14251	363	10	nonprofessional	nonprofessional	ADJ
cblr-14251	363	11	market	market	NOUN
cblr-14251	363	12	participants	participant	NOUN
cblr-14251	363	13	who	who	PRON
cblr-14251	363	14	generally	generally	ADV
cblr-14251	363	15	invest	invest	VERB
cblr-14251	363	16	smaller	small	ADJ
cblr-14251	363	17	amounts	amount	NOUN
cblr-14251	363	18	than	than	ADP
cblr-14251	363	19	larger	large	ADJ
cblr-14251	363	20	,	,	PUNCT
cblr-14251	363	21	institutional	institutional	ADJ
cblr-14251	363	22	investors	investor	NOUN
cblr-14251	363	23	”	"	PUNCT
cblr-14251	363	24	)	)	PUNCT
cblr-14251	363	25	;	;	PUNCT
cblr-14251	363	26	donald	donald	PROPN
cblr-14251	363	27	c.	c.	PROPN
cblr-14251	363	28	langevoort	langevoort	PROPN
cblr-14251	363	29	,	,	PUNCT
cblr-14251	363	30	the	the	DET
cblr-14251	363	31	sec	sec	PROPN
cblr-14251	363	32	,	,	PUNCT
cblr-14251	363	33	retail	retail	ADJ
cblr-14251	363	34	investors	investor	NOUN
cblr-14251	363	35	,	,	PUNCT
cblr-14251	363	36	and	and	CCONJ
cblr-14251	363	37	the	the	DET
cblr-14251	363	38	institutionalization	institutionalization	NOUN
cblr-14251	363	39	of	of	ADP
cblr-14251	363	40	the	the	DET
cblr-14251	363	41	securities	security	NOUN
cblr-14251	363	42	markets	market	NOUN
cblr-14251	363	43	,	,	PUNCT
cblr-14251	363	44	95	95	NUM
cblr-14251	363	45	va	va	NOUN
cblr-14251	363	46	.	.	PUNCT
cblr-14251	363	47	l.	l.	PROPN
cblr-14251	363	48	rev	rev	PROPN
cblr-14251	363	49	.	.	PROPN
cblr-14251	363	50	1025	1025	NUM
cblr-14251	363	51	,	,	PUNCT
cblr-14251	363	52	1025	1025	NUM
cblr-14251	363	53	(	(	PUNCT
cblr-14251	363	54	2009	2009	NUM
cblr-14251	363	55	)	)	PUNCT
cblr-14251	363	56	(	(	PUNCT
cblr-14251	363	57	differentiating	differentiate	VERB
cblr-14251	363	58	retail	retail	ADJ
cblr-14251	363	59	investors	investor	NOUN
cblr-14251	363	60	(	(	PUNCT
cblr-14251	363	61	individuals	individual	NOUN
cblr-14251	363	62	and	and	CCONJ
cblr-14251	363	63	households	household	NOUN
cblr-14251	363	64	)	)	PUNCT
cblr-14251	363	65	from	from	ADP
cblr-14251	363	66	institutional	institutional	ADJ
cblr-14251	363	67	investors	investor	NOUN
cblr-14251	363	68	)	)	PUNCT
cblr-14251	363	69	.	.	PUNCT
cblr-14251	364	1	99	99	NUM
cblr-14251	364	2	new	new	ADJ
cblr-14251	364	3	stock	stock	NOUN
cblr-14251	364	4	market	market	NOUN
cblr-14251	364	5	,	,	PUNCT
cblr-14251	364	6	supra	supra	PROPN
cblr-14251	364	7	note	note	PROPN
cblr-14251	364	8	11	11	NUM
cblr-14251	364	9	,	,	PUNCT
cblr-14251	364	10	at	at	ADP
cblr-14251	364	11	62	62	NUM
cblr-14251	364	12	,	,	PUNCT
cblr-14251	364	13	67	67	NUM
cblr-14251	364	14	.	.	PUNCT
cblr-14251	364	15	252	252	NUM
cblr-14251	364	16	columbia	columbia	PROPN
cblr-14251	364	17	business	business	NOUN
cblr-14251	364	18	law	law	NOUN
cblr-14251	364	19	review	review	NOUN
cblr-14251	364	20	[	[	X
cblr-14251	364	21	vol	vol	NOUN
cblr-14251	364	22	.	.	PUNCT
cblr-14251	364	23	2025	2025	NUM
cblr-14251	364	24	traders	trader	NOUN
cblr-14251	364	25	can	can	AUX
cblr-14251	364	26	arbitrage	arbitrage	VERB
cblr-14251	364	27	away	away	ADV
cblr-14251	364	28	any	any	DET
cblr-14251	364	29	price	price	NOUN
cblr-14251	364	30	movement	movement	NOUN
cblr-14251	364	31	caused	cause	VERB
cblr-14251	364	32	by	by	ADP
cblr-14251	364	33	uninformed	uninformed	ADJ
cblr-14251	364	34	traders.100	traders.100	NOUN
cblr-14251	364	35	the	the	DET
cblr-14251	364	36	foregoing	foregoing	NOUN
cblr-14251	364	37	is	be	AUX
cblr-14251	364	38	a	a	DET
cblr-14251	364	39	simplified	simplified	ADJ
cblr-14251	364	40	explanation	explanation	NOUN
cblr-14251	364	41	of	of	ADP
cblr-14251	364	42	complex	complex	ADJ
cblr-14251	364	43	economic	economic	ADJ
cblr-14251	364	44	principles	principle	NOUN
cblr-14251	364	45	.	.	PUNCT
cblr-14251	365	1	however	however	ADV
cblr-14251	365	2	,	,	PUNCT
cblr-14251	365	3	one	one	NUM
cblr-14251	365	4	key	key	ADJ
cblr-14251	365	5	implication	implication	NOUN
cblr-14251	365	6	is	be	AUX
cblr-14251	365	7	that	that	SCONJ
cblr-14251	365	8	stock	stock	NOUN
cblr-14251	365	9	prices	price	NOUN
cblr-14251	365	10	serve	serve	VERB
cblr-14251	365	11	as	as	ADP
cblr-14251	365	12	“	"	PUNCT
cblr-14251	365	13	information	information	NOUN
cblr-14251	365	14	transmission	transmission	NOUN
cblr-14251	365	15	mechanism[s],”101	mechanism[s],”101	NOUN
cblr-14251	365	16	and	and	CCONJ
cblr-14251	365	17	investors	investor	NOUN
cblr-14251	365	18	treat	treat	VERB
cblr-14251	365	19	them	they	PRON
cblr-14251	365	20	as	as	ADP
cblr-14251	365	21	such	such	ADJ
cblr-14251	365	22	.	.	PUNCT
cblr-14251	366	1	investors	investor	NOUN
cblr-14251	366	2	respond	respond	VERB
cblr-14251	366	3	to	to	ADP
cblr-14251	366	4	information	information	NOUN
cblr-14251	366	5	about	about	ADP
cblr-14251	366	6	an	an	DET
cblr-14251	366	7	issuer	issuer	NOUN
cblr-14251	366	8	,	,	PUNCT
cblr-14251	366	9	trade	trade	NOUN
cblr-14251	366	10	accordingly	accordingly	ADV
cblr-14251	366	11	,	,	PUNCT
cblr-14251	366	12	and	and	CCONJ
cblr-14251	366	13	the	the	DET
cblr-14251	366	14	resulting	result	VERB
cblr-14251	366	15	price	price	NOUN
cblr-14251	366	16	movement	movement	NOUN
cblr-14251	366	17	makes	make	VERB
cblr-14251	366	18	stock	stock	NOUN
cblr-14251	366	19	prices	price	NOUN
cblr-14251	366	20	(	(	PUNCT
cblr-14251	366	21	hopefully	hopefully	ADV
cblr-14251	366	22	)	)	PUNCT
cblr-14251	366	23	more	more	ADV
cblr-14251	366	24	accurate	accurate	ADJ
cblr-14251	366	25	.	.	PUNCT
cblr-14251	367	1	the	the	DET
cblr-14251	367	2	more	more	ADV
cblr-14251	367	3	accurate	accurate	ADJ
cblr-14251	367	4	stock	stock	NOUN
cblr-14251	367	5	prices	price	NOUN
cblr-14251	367	6	are	be	AUX
cblr-14251	367	7	,	,	PUNCT
cblr-14251	367	8	the	the	DET
cblr-14251	367	9	more	more	ADV
cblr-14251	367	10	informative	informative	ADJ
cblr-14251	367	11	they	they	PRON
cblr-14251	367	12	will	will	AUX
cblr-14251	367	13	be	be	AUX
cblr-14251	367	14	,	,	PUNCT
cblr-14251	367	15	and	and	CCONJ
cblr-14251	367	16	the	the	DET
cblr-14251	367	17	more	more	ADV
cblr-14251	367	18	efficiently	efficiently	ADV
cblr-14251	367	19	stock	stock	NOUN
cblr-14251	367	20	markets	market	NOUN
cblr-14251	367	21	can	can	AUX
cblr-14251	367	22	promote	promote	VERB
cblr-14251	367	23	efficient	efficient	ADJ
cblr-14251	367	24	capital	capital	NOUN
cblr-14251	367	25	allocation	allocation	NOUN
cblr-14251	367	26	across	across	ADP
cblr-14251	367	27	the	the	DET
cblr-14251	367	28	economy.102	economy.102	PROPN
cblr-14251	367	29	individual	individual	ADJ
cblr-14251	367	30	demand	demand	NOUN
cblr-14251	367	31	factors	factor	NOUN
cblr-14251	367	32	do	do	AUX
cblr-14251	367	33	not	not	PART
cblr-14251	367	34	play	play	VERB
cblr-14251	367	35	a	a	DET
cblr-14251	367	36	role	role	NOUN
cblr-14251	367	37	in	in	ADP
cblr-14251	367	38	this	this	DET
cblr-14251	367	39	story	story	NOUN
cblr-14251	367	40	.	.	PUNCT
cblr-14251	368	1	b.	b.	PROPN
cblr-14251	368	2	limitations	limitation	NOUN
cblr-14251	368	3	of	of	ADP
cblr-14251	368	4	the	the	DET
cblr-14251	368	5	theory	theory	NOUN
cblr-14251	368	6	the	the	DET
cblr-14251	368	7	preceding	precede	VERB
cblr-14251	368	8	section	section	NOUN
cblr-14251	368	9	paints	paint	VERB
cblr-14251	368	10	a	a	DET
cblr-14251	368	11	fairly	fairly	ADV
cblr-14251	368	12	linear	linear	ADJ
cblr-14251	368	13	picture	picture	NOUN
cblr-14251	368	14	of	of	ADP
cblr-14251	368	15	stock	stock	NOUN
cblr-14251	368	16	price	price	NOUN
cblr-14251	368	17	movements	movement	NOUN
cblr-14251	368	18	.	.	PUNCT
cblr-14251	369	1	new	new	ADJ
cblr-14251	369	2	information	information	NOUN
cblr-14251	369	3	about	about	ADP
cblr-14251	369	4	an	an	DET
cblr-14251	369	5	issuer	issuer	NOUN
cblr-14251	369	6	becomes	become	VERB
cblr-14251	369	7	public	public	ADJ
cblr-14251	369	8	,	,	PUNCT
cblr-14251	369	9	which	which	PRON
cblr-14251	369	10	leads	lead	VERB
cblr-14251	369	11	to	to	ADP
cblr-14251	369	12	a	a	DET
cblr-14251	369	13	corresponding	corresponding	ADJ
cblr-14251	369	14	change	change	NOUN
cblr-14251	369	15	in	in	ADP
cblr-14251	369	16	the	the	DET
cblr-14251	369	17	issuer	issuer	NOUN
cblr-14251	369	18	’s	’s	PART
cblr-14251	369	19	stock	stock	NOUN
cblr-14251	369	20	price	price	NOUN
cblr-14251	369	21	.	.	PUNCT
cblr-14251	370	1	both	both	DET
cblr-14251	370	2	stock	stock	NOUN
cblr-14251	370	3	prices	price	NOUN
cblr-14251	370	4	and	and	CCONJ
cblr-14251	370	5	investors	investor	NOUN
cblr-14251	370	6	respond	respond	VERB
cblr-14251	370	7	to	to	ADP
cblr-14251	370	8	financial	financial	ADJ
cblr-14251	370	9	information	information	NOUN
cblr-14251	370	10	in	in	ADP
cblr-14251	370	11	primarily	primarily	ADV
cblr-14251	370	12	objective	objective	ADJ
cblr-14251	370	13	,	,	PUNCT
cblr-14251	370	14	measurable	measurable	ADJ
cblr-14251	370	15	ways	way	NOUN
cblr-14251	370	16	.	.	PUNCT
cblr-14251	371	1	however	however	ADV
cblr-14251	371	2	,	,	PUNCT
cblr-14251	371	3	much	much	ADJ
cblr-14251	371	4	commentary	commentary	NOUN
cblr-14251	371	5	has	have	AUX
cblr-14251	371	6	pointed	point	VERB
cblr-14251	371	7	out	out	ADP
cblr-14251	371	8	the	the	DET
cblr-14251	371	9	limits	limit	NOUN
cblr-14251	371	10	of	of	ADP
cblr-14251	371	11	objectivity	objectivity	NOUN
cblr-14251	371	12	and	and	CCONJ
cblr-14251	371	13	rationality	rationality	NOUN
cblr-14251	371	14	in	in	ADP
cblr-14251	371	15	the	the	DET
cblr-14251	371	16	behavior	behavior	NOUN
cblr-14251	371	17	of	of	ADP
cblr-14251	371	18	stock	stock	NOUN
cblr-14251	371	19	prices	price	NOUN
cblr-14251	371	20	and	and	CCONJ
cblr-14251	371	21	investors	investor	NOUN
cblr-14251	371	22	.	.	PUNCT
cblr-14251	372	1	at	at	ADP
cblr-14251	372	2	its	its	PRON
cblr-14251	372	3	core	core	NOUN
cblr-14251	372	4	,	,	PUNCT
cblr-14251	372	5	the	the	DET
cblr-14251	372	6	objective	objective	ADJ
cblr-14251	372	7	theory	theory	NOUN
cblr-14251	372	8	teaches	teach	VERB
cblr-14251	372	9	that	that	SCONJ
cblr-14251	372	10	stock	stock	NOUN
cblr-14251	372	11	prices	price	NOUN
cblr-14251	372	12	behave	behave	VERB
cblr-14251	372	13	rationally	rationally	ADV
cblr-14251	372	14	,	,	PUNCT
cblr-14251	372	15	and	and	CCONJ
cblr-14251	372	16	investors	investor	NOUN
cblr-14251	372	17	process	process	VERB
cblr-14251	372	18	information	information	NOUN
cblr-14251	372	19	rationally	rationally	ADV
cblr-14251	372	20	.	.	PUNCT
cblr-14251	373	1	the	the	DET
cblr-14251	373	2	criticism	criticism	NOUN
cblr-14251	373	3	can	can	AUX
cblr-14251	373	4	be	be	AUX
cblr-14251	373	5	similarly	similarly	ADV
cblr-14251	373	6	catalogued	catalogue	VERB
cblr-14251	373	7	:	:	PUNCT
cblr-14251	373	8	the	the	DET
cblr-14251	373	9	market	market	NOUN
cblr-14251	373	10	has	have	VERB
cblr-14251	373	11	only	only	ADV
cblr-14251	373	12	a	a	DET
cblr-14251	373	13	limited	limited	ADJ
cblr-14251	373	14	ability	ability	NOUN
cblr-14251	373	15	to	to	PART
cblr-14251	373	16	behave	behave	VERB
cblr-14251	373	17	rationally	rationally	ADV
cblr-14251	373	18	,	,	PUNCT
cblr-14251	373	19	and	and	CCONJ
cblr-14251	373	20	investors	investor	NOUN
cblr-14251	373	21	have	have	VERB
cblr-14251	373	22	only	only	ADV
cblr-14251	373	23	a	a	DET
cblr-14251	373	24	limited	limited	ADJ
cblr-14251	373	25	ability	ability	NOUN
cblr-14251	373	26	to	to	PART
cblr-14251	373	27	process	process	VERB
cblr-14251	373	28	information	information	NOUN
cblr-14251	373	29	rationally	rationally	ADV
cblr-14251	373	30	.	.	PUNCT
cblr-14251	374	1	three	three	NUM
cblr-14251	374	2	common	common	ADJ
cblr-14251	374	3	criticisms	criticism	NOUN
cblr-14251	374	4	are	be	AUX
cblr-14251	374	5	catalogued	catalogue	VERB
cblr-14251	374	6	below	below	ADV
cblr-14251	374	7	.	.	PUNCT
cblr-14251	375	1	first	first	ADV
cblr-14251	375	2	,	,	PUNCT
cblr-14251	375	3	trading	trading	NOUN
cblr-14251	375	4	is	be	AUX
cblr-14251	375	5	noisy	noisy	ADJ
cblr-14251	375	6	,	,	PUNCT
cblr-14251	375	7	and	and	CCONJ
cblr-14251	375	8	noise	noise	NOUN
cblr-14251	375	9	is	be	AUX
cblr-14251	375	10	sticky	sticky	ADJ
cblr-14251	375	11	.	.	PUNCT
cblr-14251	376	1	substantial	substantial	ADJ
cblr-14251	376	2	literature	literature	NOUN
cblr-14251	376	3	has	have	AUX
cblr-14251	376	4	explored	explore	VERB
cblr-14251	376	5	the	the	DET
cblr-14251	376	6	difficulty	difficulty	NOUN
cblr-14251	376	7	of	of	ADP
cblr-14251	376	8	eradicating	eradicate	VERB
cblr-14251	376	9	noise	noise	NOUN
cblr-14251	376	10	from	from	ADP
cblr-14251	376	11	100	100	NUM
cblr-14251	376	12	i	i	PROPN
cblr-14251	376	13	d.	d.	PROPN
cblr-14251	376	14	at	at	ADP
cblr-14251	376	15	63	63	NUM
cblr-14251	376	16	(	(	PUNCT
cblr-14251	376	17	discussing	discuss	VERB
cblr-14251	376	18	mistake	mistake	NOUN
cblr-14251	376	19	traders	trader	NOUN
cblr-14251	376	20	and	and	CCONJ
cblr-14251	376	21	anti	anti	ADJ
cblr-14251	376	22	-	-	ADJ
cblr-14251	376	23	mistake	mistake	ADJ
cblr-14251	376	24	traders	trader	NOUN
cblr-14251	376	25	)	)	PUNCT
cblr-14251	376	26	.	.	PUNCT
cblr-14251	377	1	101	101	NUM
cblr-14251	377	2	menesh	menesh	PROPN
cblr-14251	377	3	patel	patel	NOUN
cblr-14251	377	4	,	,	PUNCT
cblr-14251	377	5	fraud	fraud	NOUN
cblr-14251	377	6	on	on	ADP
cblr-14251	377	7	the	the	DET
cblr-14251	377	8	crypto	crypto	NOUN
cblr-14251	377	9	market	market	NOUN
cblr-14251	377	10	,	,	PUNCT
cblr-14251	377	11	36	36	NUM
cblr-14251	377	12	harv	harv	NOUN
cblr-14251	377	13	.	.	PUNCT
cblr-14251	378	1	j.	j.	PROPN
cblr-14251	378	2	l.	l.	PROPN
cblr-14251	378	3	&	&	CCONJ
cblr-14251	378	4	tech	tech	PROPN
cblr-14251	378	5	.	.	PUNCT
cblr-14251	379	1	171	171	NUM
cblr-14251	379	2	,	,	PUNCT
cblr-14251	379	3	208	208	NUM
cblr-14251	379	4	(	(	PUNCT
cblr-14251	379	5	2022	2022	NUM
cblr-14251	379	6	)	)	PUNCT
cblr-14251	379	7	.	.	PUNCT
cblr-14251	380	1	102	102	NUM
cblr-14251	380	2	fox	fox	NOUN
cblr-14251	380	3	et	et	PROPN
cblr-14251	380	4	al	al	PROPN
cblr-14251	380	5	.	.	PROPN
cblr-14251	380	6	,	,	PUNCT
cblr-14251	380	7	supra	supra	PROPN
cblr-14251	380	8	note	note	PROPN
cblr-14251	380	9	11	11	NUM
cblr-14251	380	10	,	,	PUNCT
cblr-14251	380	11	at	at	ADP
cblr-14251	380	12	33–34	33–34	NUM
cblr-14251	380	13	.	.	PUNCT
cblr-14251	381	1	no	no	INTJ
cblr-14251	381	2	.	.	NOUN
cblr-14251	381	3	1	1	NUM
cblr-14251	381	4	]	]	PUNCT
cblr-14251	381	5	securities	security	NOUN
cblr-14251	381	6	fraud	fraud	NOUN
cblr-14251	381	7	and	and	CCONJ
cblr-14251	381	8	the	the	DET
cblr-14251	381	9	market	market	NOUN
cblr-14251	381	10	for	for	ADP
cblr-14251	381	11	individual	individual	ADJ
cblr-14251	381	12	stocks	stock	NOUN
cblr-14251	381	13	253	253	NUM
cblr-14251	381	14	the	the	DET
cblr-14251	381	15	stock	stock	NOUN
cblr-14251	381	16	market.103	market.103	NOUN
cblr-14251	381	17	for	for	ADP
cblr-14251	381	18	example	example	NOUN
cblr-14251	381	19	,	,	PUNCT
cblr-14251	381	20	professors	professor	NOUN
cblr-14251	381	21	brad	brad	PROPN
cblr-14251	381	22	de	de	PROPN
cblr-14251	381	23	long	long	PROPN
cblr-14251	381	24	and	and	CCONJ
cblr-14251	381	25	others	other	NOUN
cblr-14251	381	26	have	have	AUX
cblr-14251	381	27	shown	show	VERB
cblr-14251	381	28	that	that	SCONJ
cblr-14251	381	29	arbitrageurs	arbitrageur	NOUN
cblr-14251	381	30	are	be	AUX
cblr-14251	381	31	limited	limit	VERB
cblr-14251	381	32	in	in	ADP
cblr-14251	381	33	their	their	PRON
cblr-14251	381	34	ability	ability	NOUN
cblr-14251	381	35	to	to	PART
cblr-14251	381	36	bet	bet	VERB
cblr-14251	381	37	against	against	ADP
cblr-14251	381	38	noise	noise	NOUN
cblr-14251	381	39	traders	trader	NOUN
cblr-14251	381	40	,	,	PUNCT
cblr-14251	381	41	because	because	SCONJ
cblr-14251	381	42	noise	noise	NOUN
cblr-14251	381	43	is	be	AUX
cblr-14251	381	44	unpredictable	unpredictable	ADJ
cblr-14251	381	45	and	and	CCONJ
cblr-14251	381	46	potentially	potentially	ADV
cblr-14251	381	47	long	long	ADV
cblr-14251	381	48	-	-	PUNCT
cblr-14251	381	49	lasting	last	VERB
cblr-14251	381	50	,	,	PUNCT
cblr-14251	381	51	both	both	PRON
cblr-14251	381	52	of	of	ADP
cblr-14251	381	53	which	which	PRON
cblr-14251	381	54	create	create	VERB
cblr-14251	381	55	risk	risk	NOUN
cblr-14251	381	56	for	for	ADP
cblr-14251	381	57	arbitrageurs.104	arbitrageurs.104	PROPN
cblr-14251	381	58	professors	professor	NOUN
cblr-14251	381	59	grossman	grossman	PROPN
cblr-14251	381	60	and	and	CCONJ
cblr-14251	381	61	stiglitz	stiglitz	PROPN
cblr-14251	381	62	pointed	point	VERB
cblr-14251	381	63	out	out	ADP
cblr-14251	381	64	decades	decade	NOUN
cblr-14251	381	65	ago	ago	ADV
cblr-14251	381	66	that	that	SCONJ
cblr-14251	381	67	markets	market	NOUN
cblr-14251	381	68	do	do	AUX
cblr-14251	381	69	not	not	PART
cblr-14251	381	70	exhibit	exhibit	VERB
cblr-14251	381	71	perfect	perfect	ADJ
cblr-14251	381	72	competitive	competitive	ADJ
cblr-14251	381	73	equilibrium	equilibrium	NOUN
cblr-14251	381	74	—	—	PUNCT
cblr-14251	381	75	rather	rather	ADV
cblr-14251	381	76	,	,	PUNCT
cblr-14251	381	77	they	they	PRON
cblr-14251	381	78	described	describe	VERB
cblr-14251	381	79	“	"	PUNCT
cblr-14251	381	80	an	an	DET
cblr-14251	381	81	equilibrium	equilibrium	NOUN
cblr-14251	381	82	degree	degree	NOUN
cblr-14251	381	83	of	of	ADP
cblr-14251	381	84	disequilibrium	disequilibrium	NOUN
cblr-14251	381	85	,	,	PUNCT
cblr-14251	381	86	”	"	PUNCT
cblr-14251	381	87	where	where	SCONJ
cblr-14251	381	88	prices	price	NOUN
cblr-14251	381	89	reflect	reflect	VERB
cblr-14251	381	90	the	the	DET
cblr-14251	381	91	information	information	NOUN
cblr-14251	381	92	of	of	ADP
cblr-14251	381	93	informed	informed	ADJ
cblr-14251	381	94	individuals	individual	NOUN
cblr-14251	381	95	(	(	PUNCT
cblr-14251	381	96	arbitrageurs	arbitrageur	NOUN
cblr-14251	381	97	)	)	PUNCT
cblr-14251	381	98	only	only	ADV
cblr-14251	381	99	partially	partially	ADV
cblr-14251	381	100	,	,	PUNCT
cblr-14251	381	101	as	as	SCONJ
cblr-14251	381	102	those	those	DET
cblr-14251	381	103	individuals	individual	NOUN
cblr-14251	381	104	would	would	AUX
cblr-14251	381	105	otherwise	otherwise	ADV
cblr-14251	381	106	make	make	VERB
cblr-14251	381	107	no	no	DET
cblr-14251	381	108	profits.105	profits.105	NOUN
cblr-14251	381	109	relatedly	relatedly	ADV
cblr-14251	381	110	,	,	PUNCT
cblr-14251	381	111	professor	professor	PROPN
cblr-14251	381	112	lynn	lynn	PROPN
cblr-14251	381	113	stout	stout	PROPN
cblr-14251	381	114	has	have	AUX
cblr-14251	381	115	pointed	point	VERB
cblr-14251	381	116	out	out	ADP
cblr-14251	381	117	that	that	SCONJ
cblr-14251	381	118	beating	beat	VERB
cblr-14251	381	119	the	the	DET
cblr-14251	381	120	market	market	NOUN
cblr-14251	381	121	in	in	ADP
cblr-14251	381	122	some	some	DET
cblr-14251	381	123	situations	situation	NOUN
cblr-14251	381	124	is	be	AUX
cblr-14251	381	125	possible	possible	ADJ
cblr-14251	381	126	,	,	PUNCT
cblr-14251	381	127	103	103	NUM
cblr-14251	381	128	see	see	NOUN
cblr-14251	381	129	,	,	PUNCT
cblr-14251	381	130	e.g.	e.g.	ADV
cblr-14251	381	131	,	,	PUNCT
cblr-14251	381	132	donald	donald	PROPN
cblr-14251	381	133	c.	c.	PROPN
cblr-14251	381	134	langevoort	langevoort	PROPN
cblr-14251	381	135	,	,	PUNCT
cblr-14251	381	136	basic	basic	ADJ
cblr-14251	381	137	at	at	ADP
cblr-14251	381	138	twenty	twenty	NUM
cblr-14251	381	139	:	:	PUNCT
cblr-14251	381	140	rethinking	rethink	VERB
cblr-14251	381	141	fraudon	fraudon	NOUN
cblr-14251	381	142	-	-	PUNCT
cblr-14251	381	143	the	the	DET
cblr-14251	381	144	-	-	PUNCT
cblr-14251	381	145	market	market	NOUN
cblr-14251	381	146	24	24	NUM
cblr-14251	381	147	(	(	PUNCT
cblr-14251	381	148	oct	oct	PROPN
cblr-14251	381	149	.	.	PROPN
cblr-14251	381	150	2007	2007	NUM
cblr-14251	381	151	)	)	PUNCT
cblr-14251	381	152	,	,	PUNCT
cblr-14251	381	153	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1026316	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1026316	PROPN
cblr-14251	381	154	(	(	PUNCT
cblr-14251	381	155	gathering	gather	VERB
cblr-14251	381	156	sources	source	NOUN
cblr-14251	381	157	and	and	CCONJ
cblr-14251	381	158	pointing	point	VERB
cblr-14251	381	159	out	out	ADP
cblr-14251	381	160	that	that	SCONJ
cblr-14251	381	161	“	"	PUNCT
cblr-14251	381	162	the	the	DET
cblr-14251	381	163	contemporary	contemporary	ADJ
cblr-14251	381	164	literature	literature	PROPN
cblr-14251	381	165	suggests	suggest	VERB
cblr-14251	381	166	that	that	SCONJ
cblr-14251	381	167	even	even	ADV
cblr-14251	381	168	for	for	ADP
cblr-14251	381	169	widely	widely	ADV
cblr-14251	381	170	-	-	PUNCT
cblr-14251	381	171	traded	trade	VERB
cblr-14251	381	172	stocks	stock	NOUN
cblr-14251	381	173	,	,	PUNCT
cblr-14251	381	174	significant	significant	ADJ
cblr-14251	381	175	deviations	deviation	NOUN
cblr-14251	381	176	from	from	ADP
cblr-14251	381	177	the	the	DET
cblr-14251	381	178	efficiency	efficiency	NOUN
cblr-14251	381	179	ideal	ideal	NOUN
cblr-14251	381	180	are	be	AUX
cblr-14251	381	181	quite	quite	ADV
cblr-14251	381	182	possible	possible	ADJ
cblr-14251	381	183	,	,	PUNCT
cblr-14251	381	184	”	"	PUNCT
cblr-14251	381	185	including	include	VERB
cblr-14251	381	186	evidence	evidence	NOUN
cblr-14251	381	187	of	of	ADP
cblr-14251	381	188	persistent	persistent	ADJ
cblr-14251	381	189	abnormal	abnormal	ADJ
cblr-14251	381	190	returns	return	NOUN
cblr-14251	381	191	even	even	ADV
cblr-14251	381	192	for	for	ADP
cblr-14251	381	193	bigger	big	ADJ
cblr-14251	381	194	issuers	issuer	NOUN
cblr-14251	381	195	,	,	PUNCT
cblr-14251	381	196	evidence	evidence	NOUN
cblr-14251	381	197	of	of	ADP
cblr-14251	381	198	fundamental	fundamental	ADJ
cblr-14251	381	199	and	and	CCONJ
cblr-14251	381	200	informational	informational	ADJ
cblr-14251	381	201	inefficiency	inefficiency	NOUN
cblr-14251	381	202	resulting	result	VERB
cblr-14251	381	203	from	from	ADP
cblr-14251	381	204	noise	noise	NOUN
cblr-14251	381	205	and	and	CCONJ
cblr-14251	381	206	sentiment	sentiment	NOUN
cblr-14251	381	207	,	,	PUNCT
cblr-14251	381	208	and	and	CCONJ
cblr-14251	381	209	evidence	evidence	NOUN
cblr-14251	381	210	that	that	SCONJ
cblr-14251	381	211	even	even	ADV
cblr-14251	381	212	professional	professional	ADJ
cblr-14251	381	213	market	market	NOUN
cblr-14251	381	214	actors	actor	NOUN
cblr-14251	381	215	pay	pay	VERB
cblr-14251	381	216	insufficient	insufficient	ADJ
cblr-14251	381	217	attention	attention	NOUN
cblr-14251	381	218	to	to	ADP
cblr-14251	381	219	less	less	ADJ
cblr-14251	381	220	salient	salient	ADJ
cblr-14251	381	221	facts	fact	NOUN
cblr-14251	381	222	)	)	PUNCT
cblr-14251	381	223	.	.	PUNCT
cblr-14251	382	1	104	104	NUM
cblr-14251	382	2	see	see	VERB
cblr-14251	382	3	,	,	PUNCT
cblr-14251	382	4	e.g.	e.g.	ADV
cblr-14251	382	5	,	,	PUNCT
cblr-14251	382	6	j.	j.	PROPN
cblr-14251	382	7	bradford	bradford	PROPN
cblr-14251	382	8	de	de	PROPN
cblr-14251	382	9	long	long	PROPN
cblr-14251	382	10	et	et	PROPN
cblr-14251	382	11	al	al	PROPN
cblr-14251	382	12	.	.	PROPN
cblr-14251	382	13	,	,	PUNCT
cblr-14251	382	14	noise	noise	NOUN
cblr-14251	382	15	trader	trader	NOUN
cblr-14251	382	16	risk	risk	NOUN
cblr-14251	382	17	in	in	ADP
cblr-14251	382	18	financial	financial	ADJ
cblr-14251	382	19	markets	market	NOUN
cblr-14251	382	20	,	,	PUNCT
cblr-14251	382	21	98	98	NUM
cblr-14251	382	22	j.	j.	PROPN
cblr-14251	382	23	pol	pol	PROPN
cblr-14251	382	24	.	.	PUNCT
cblr-14251	383	1	econ	econ	PROPN
cblr-14251	383	2	.	.	PUNCT
cblr-14251	384	1	703	703	NUM
cblr-14251	384	2	,	,	PUNCT
cblr-14251	384	3	705	705	NUM
cblr-14251	384	4	(	(	PUNCT
cblr-14251	384	5	1990	1990	NUM
cblr-14251	384	6	)	)	PUNCT
cblr-14251	384	7	.	.	PUNCT
cblr-14251	385	1	arbitrageurs	arbitrageurs	PROPN
cblr-14251	385	2	’	'	PUNCT
cblr-14251	385	3	short	short	ADJ
cblr-14251	385	4	time	time	NOUN
cblr-14251	385	5	horizons	horizon	NOUN
cblr-14251	385	6	and	and	CCONJ
cblr-14251	385	7	risk	risk	NOUN
cblr-14251	385	8	aversion	aversion	NOUN
cblr-14251	385	9	reduce	reduce	VERB
cblr-14251	385	10	their	their	PRON
cblr-14251	385	11	ability	ability	NOUN
cblr-14251	385	12	to	to	PART
cblr-14251	385	13	bet	bet	VERB
cblr-14251	385	14	against	against	ADP
cblr-14251	385	15	noise	noise	NOUN
cblr-14251	385	16	traders	trader	NOUN
cblr-14251	385	17	.	.	PUNCT
cblr-14251	386	1	noise	noise	NOUN
cblr-14251	386	2	traders	trader	NOUN
cblr-14251	386	3	are	be	AUX
cblr-14251	386	4	unpredictable	unpredictable	ADJ
cblr-14251	386	5	,	,	PUNCT
cblr-14251	386	6	they	they	PRON
cblr-14251	386	7	may	may	AUX
cblr-14251	386	8	act	act	VERB
cblr-14251	386	9	irrationally	irrationally	ADV
cblr-14251	386	10	for	for	ADP
cblr-14251	386	11	longer	long	ADJ
cblr-14251	386	12	than	than	SCONJ
cblr-14251	386	13	the	the	DET
cblr-14251	386	14	arbitrageur	arbitrageur	NOUN
cblr-14251	386	15	can	can	AUX
cblr-14251	386	16	maintain	maintain	VERB
cblr-14251	386	17	their	their	PRON
cblr-14251	386	18	position	position	NOUN
cblr-14251	386	19	,	,	PUNCT
cblr-14251	386	20	and	and	CCONJ
cblr-14251	386	21	fear	fear	NOUN
cblr-14251	386	22	of	of	ADP
cblr-14251	386	23	any	any	DET
cblr-14251	386	24	resulting	result	VERB
cblr-14251	386	25	loss	loss	NOUN
cblr-14251	386	26	will	will	AUX
cblr-14251	386	27	rationally	rationally	ADV
cblr-14251	386	28	limit	limit	VERB
cblr-14251	386	29	the	the	DET
cblr-14251	386	30	arbitrageur	arbitrageur	NOUN
cblr-14251	386	31	’s	’s	PART
cblr-14251	386	32	activity	activity	NOUN
cblr-14251	386	33	.	.	PUNCT
cblr-14251	387	1	this	this	PRON
cblr-14251	387	2	can	can	AUX
cblr-14251	387	3	allow	allow	VERB
cblr-14251	387	4	prices	price	NOUN
cblr-14251	387	5	to	to	PART
cblr-14251	387	6	shift	shift	VERB
cblr-14251	387	7	substantially	substantially	ADV
cblr-14251	387	8	away	away	ADV
cblr-14251	387	9	from	from	ADP
cblr-14251	387	10	fundamental	fundamental	ADJ
cblr-14251	387	11	values	value	NOUN
cblr-14251	387	12	(	(	PUNCT
cblr-14251	387	13	without	without	ADP
cblr-14251	387	14	fundamental	fundamental	ADJ
cblr-14251	387	15	risk	risk	NOUN
cblr-14251	387	16	)	)	PUNCT
cblr-14251	387	17	.	.	PUNCT
cblr-14251	388	1	thus	thus	ADV
cblr-14251	388	2	,	,	PUNCT
cblr-14251	388	3	“	"	PUNCT
cblr-14251	388	4	arbitrage	arbitrage	NOUN
cblr-14251	388	5	does	do	AUX
cblr-14251	388	6	not	not	PART
cblr-14251	388	7	eliminate	eliminate	VERB
cblr-14251	388	8	the	the	DET
cblr-14251	388	9	effects	effect	NOUN
cblr-14251	388	10	of	of	ADP
cblr-14251	388	11	noise	noise	NOUN
cblr-14251	388	12	because	because	SCONJ
cblr-14251	388	13	noise	noise	NOUN
cblr-14251	388	14	itself	itself	PRON
cblr-14251	388	15	creates	create	VERB
cblr-14251	388	16	risk	risk	NOUN
cblr-14251	388	17	.	.	PUNCT
cblr-14251	388	18	”	"	PUNCT
cblr-14251	389	1	i	i	PRON
cblr-14251	389	2	d.	d.	PROPN
cblr-14251	389	3	(	(	PUNCT
cblr-14251	389	4	first	first	ADV
cblr-14251	389	5	citing	cite	VERB
cblr-14251	389	6	oliver	oliver	PROPN
cblr-14251	389	7	d.	d.	PROPN
cblr-14251	389	8	hart	hart	PROPN
cblr-14251	389	9	&	&	CCONJ
cblr-14251	389	10	david	david	PROPN
cblr-14251	389	11	m.	m.	PROPN
cblr-14251	389	12	kreps	kreps	PROPN
cblr-14251	389	13	,	,	PUNCT
cblr-14251	389	14	price	price	NOUN
cblr-14251	389	15	destabilizing	destabilizing	ADJ
cblr-14251	389	16	speculation	speculation	NOUN
cblr-14251	389	17	,	,	PUNCT
cblr-14251	389	18	94	94	NUM
cblr-14251	389	19	j.	j.	PROPN
cblr-14251	389	20	pol	pol	PROPN
cblr-14251	389	21	.	.	PUNCT
cblr-14251	389	22	econ	econ	PROPN
cblr-14251	389	23	.	.	PUNCT
cblr-14251	390	1	927	927	NUM
cblr-14251	390	2	(	(	PUNCT
cblr-14251	390	3	1986	1986	NUM
cblr-14251	390	4	)	)	PUNCT
cblr-14251	390	5	;	;	PUNCT
cblr-14251	390	6	then	then	ADV
cblr-14251	390	7	citing	cite	VERB
cblr-14251	390	8	beth	beth	PROPN
cblr-14251	390	9	fisher	fisher	PROPN
cblr-14251	390	10	ingram	ingram	PROPN
cblr-14251	390	11	,	,	PUNCT
cblr-14251	390	12	equilibrium	equilibrium	NOUN
cblr-14251	390	13	modeling	modeling	NOUN
cblr-14251	390	14	of	of	ADP
cblr-14251	390	15	asset	asset	NOUN
cblr-14251	390	16	prices	price	NOUN
cblr-14251	390	17	;	;	PUNCT
cblr-14251	390	18	rationality	rationality	NOUN
cblr-14251	390	19	versus	versus	ADP
cblr-14251	390	20	rules	rule	NOUN
cblr-14251	390	21	of	of	ADP
cblr-14251	390	22	thumb	thumb	NOUN
cblr-14251	390	23	,	,	PUNCT
cblr-14251	390	24	8	8	NUM
cblr-14251	390	25	j.	j.	PROPN
cblr-14251	390	26	bus	bus	PROPN
cblr-14251	390	27	.	.	PROPN
cblr-14251	390	28	&	&	CCONJ
cblr-14251	390	29	econ	econ	PROPN
cblr-14251	390	30	.	.	PUNCT
cblr-14251	390	31	stat	stat	PROPN
cblr-14251	390	32	.	.	PUNCT
cblr-14251	391	1	115	115	NUM
cblr-14251	391	2	(	(	PUNCT
cblr-14251	391	3	1990	1990	NUM
cblr-14251	391	4	)	)	PUNCT
cblr-14251	391	5	;	;	PUNCT
cblr-14251	392	1	then	then	ADV
cblr-14251	392	2	citing	cite	VERB
cblr-14251	392	3	jeremy	jeremy	PROPN
cblr-14251	392	4	c.	c.	PROPN
cblr-14251	392	5	stein	stein	PROPN
cblr-14251	392	6	,	,	PUNCT
cblr-14251	392	7	information	information	NOUN
cblr-14251	392	8	externalities	externality	NOUN
cblr-14251	392	9	and	and	CCONJ
cblr-14251	392	10	welfare	welfare	NOUN
cblr-14251	392	11	-	-	PUNCT
cblr-14251	392	12	reducing	reduce	VERB
cblr-14251	392	13	speculation	speculation	NOUN
cblr-14251	392	14	,	,	PUNCT
cblr-14251	392	15	95	95	NUM
cblr-14251	392	16	j.	j.	PROPN
cblr-14251	392	17	pol	pol	PROPN
cblr-14251	392	18	.	.	PUNCT
cblr-14251	392	19	econ	econ	PROPN
cblr-14251	392	20	.	.	PUNCT
cblr-14251	393	1	1123	1123	NUM
cblr-14251	393	2	(	(	PUNCT
cblr-14251	393	3	1987	1987	NUM
cblr-14251	393	4	)	)	PUNCT
cblr-14251	393	5	;	;	PUNCT
cblr-14251	393	6	then	then	ADV
cblr-14251	393	7	citing	cite	VERB
cblr-14251	393	8	john	john	PROPN
cblr-14251	393	9	c.	c.	PROPN
cblr-14251	393	10	haltiwanger	haltiwanger	PROPN
cblr-14251	393	11	&	&	CCONJ
cblr-14251	393	12	michael	michael	PROPN
cblr-14251	393	13	waldman	waldman	PROPN
cblr-14251	393	14	,	,	PUNCT
cblr-14251	393	15	rational	rational	ADJ
cblr-14251	393	16	expectations	expectation	NOUN
cblr-14251	393	17	and	and	CCONJ
cblr-14251	393	18	the	the	DET
cblr-14251	393	19	limits	limit	NOUN
cblr-14251	393	20	of	of	ADP
cblr-14251	393	21	rationality	rationality	NOUN
cblr-14251	393	22	:	:	PUNCT
cblr-14251	393	23	an	an	DET
cblr-14251	393	24	analysis	analysis	NOUN
cblr-14251	393	25	of	of	ADP
cblr-14251	393	26	heterogeneity	heterogeneity	NOUN
cblr-14251	393	27	,	,	PUNCT
cblr-14251	393	28	75	75	NUM
cblr-14251	393	29	am	am	NOUN
cblr-14251	393	30	.	.	PUNCT
cblr-14251	394	1	econ	econ	AUX
cblr-14251	394	2	.	.	PUNCT
cblr-14251	394	3	rev	rev	PROPN
cblr-14251	394	4	.	.	PROPN
cblr-14251	395	1	326	326	NUM
cblr-14251	395	2	(	(	PUNCT
cblr-14251	395	3	1985	1985	NUM
cblr-14251	395	4	)	)	PUNCT
cblr-14251	395	5	;	;	PUNCT
cblr-14251	395	6	and	and	CCONJ
cblr-14251	395	7	then	then	ADV
cblr-14251	395	8	citing	cite	VERB
cblr-14251	395	9	thomas	thomas	PROPN
cblr-14251	395	10	russell	russell	PROPN
cblr-14251	395	11	&	&	CCONJ
cblr-14251	395	12	richard	richard	PROPN
cblr-14251	395	13	h.	h.	PROPN
cblr-14251	395	14	thaler	thaler	PROPN
cblr-14251	395	15	,	,	PUNCT
cblr-14251	395	16	the	the	DET
cblr-14251	395	17	relevance	relevance	NOUN
cblr-14251	395	18	of	of	ADP
cblr-14251	395	19	quasi	quasi	ADJ
cblr-14251	395	20	rationality	rationality	NOUN
cblr-14251	395	21	in	in	ADP
cblr-14251	395	22	competitive	competitive	ADJ
cblr-14251	395	23	markets	market	NOUN
cblr-14251	395	24	,	,	PUNCT
cblr-14251	395	25	75	75	NUM
cblr-14251	395	26	am	am	NOUN
cblr-14251	395	27	.	.	PUNCT
cblr-14251	396	1	econ	econ	PROPN
cblr-14251	396	2	.	.	PUNCT
cblr-14251	397	1	rev	rev	PROPN
cblr-14251	397	2	.	.	PROPN
cblr-14251	397	3	1071	1071	NUM
cblr-14251	397	4	(	(	PUNCT
cblr-14251	397	5	1985	1985	NUM
cblr-14251	397	6	)	)	PUNCT
cblr-14251	397	7	)	)	PUNCT
cblr-14251	397	8	.	.	PUNCT
cblr-14251	398	1	105	105	NUM
cblr-14251	398	2	sanford	sanford	PROPN
cblr-14251	398	3	j.	j.	PROPN
cblr-14251	398	4	grossman	grossman	PROPN
cblr-14251	398	5	and	and	CCONJ
cblr-14251	398	6	joseph	joseph	PROPN
cblr-14251	398	7	e.	e.	PROPN
cblr-14251	398	8	stiglitz	stiglitz	PROPN
cblr-14251	398	9	,	,	PUNCT
cblr-14251	398	10	on	on	ADP
cblr-14251	398	11	the	the	DET
cblr-14251	398	12	impossibility	impossibility	NOUN
cblr-14251	398	13	of	of	ADP
cblr-14251	398	14	informationally	informationally	ADV
cblr-14251	398	15	efficient	efficient	ADJ
cblr-14251	398	16	markets	market	NOUN
cblr-14251	398	17	,	,	PUNCT
cblr-14251	398	18	am	be	AUX
cblr-14251	398	19	.	.	PUNCT
cblr-14251	399	1	econ	econ	PROPN
cblr-14251	399	2	.	.	PUNCT
cblr-14251	400	1	rev	rev	PROPN
cblr-14251	400	2	.	.	PROPN
cblr-14251	400	3	393	393	NUM
cblr-14251	400	4	,	,	PUNCT
cblr-14251	400	5	393	393	NUM
cblr-14251	400	6	(	(	PUNCT
cblr-14251	400	7	1980	1980	NUM
cblr-14251	400	8	)	)	PUNCT
cblr-14251	400	9	.	.	PUNCT
cblr-14251	401	1	254	254	NUM
cblr-14251	401	2	columbia	columbia	PROPN
cblr-14251	401	3	business	business	NOUN
cblr-14251	401	4	law	law	NOUN
cblr-14251	401	5	review	review	NOUN
cblr-14251	401	6	[	[	X
cblr-14251	401	7	vol	vol	NOUN
cblr-14251	401	8	.	.	PUNCT
cblr-14251	401	9	2025	2025	NUM
cblr-14251	401	10	whereas	whereas	SCONJ
cblr-14251	401	11	it	it	PRON
cblr-14251	401	12	should	should	AUX
cblr-14251	401	13	be	be	AUX
cblr-14251	401	14	impossible	impossible	ADJ
cblr-14251	401	15	to	to	PART
cblr-14251	401	16	do	do	VERB
cblr-14251	401	17	so	so	ADV
cblr-14251	401	18	if	if	SCONJ
cblr-14251	401	19	profits	profit	NOUN
cblr-14251	401	20	are	be	AUX
cblr-14251	401	21	immediately	immediately	ADV
cblr-14251	401	22	arbitraged	arbitrage	VERB
cblr-14251	401	23	away.106	away.106	NOUN
cblr-14251	401	24	and	and	CCONJ
cblr-14251	401	25	more	more	ADV
cblr-14251	401	26	recently	recently	ADV
cblr-14251	401	27	,	,	PUNCT
cblr-14251	401	28	i	i	PRON
cblr-14251	401	29	have	have	AUX
cblr-14251	401	30	explored	explore	VERB
cblr-14251	401	31	how	how	SCONJ
cblr-14251	401	32	retail	retail	ADJ
cblr-14251	401	33	trading	trading	NOUN
cblr-14251	401	34	,	,	PUNCT
cblr-14251	401	35	when	when	SCONJ
cblr-14251	401	36	coordinated	coordinate	VERB
cblr-14251	401	37	—	—	PUNCT
cblr-14251	401	38	even	even	ADV
cblr-14251	401	39	when	when	SCONJ
cblr-14251	401	40	trading	trade	VERB
cblr-14251	401	41	purely	purely	ADV
cblr-14251	401	42	on	on	ADP
cblr-14251	401	43	noise	noise	NOUN
cblr-14251	401	44	—	—	PUNCT
cblr-14251	401	45	can	can	AUX
cblr-14251	401	46	lead	lead	VERB
cblr-14251	401	47	to	to	ADP
cblr-14251	401	48	sustained	sustained	ADJ
cblr-14251	401	49	deviations	deviation	NOUN
cblr-14251	401	50	in	in	ADP
cblr-14251	401	51	stock	stock	NOUN
cblr-14251	401	52	prices.107	prices.107	NOUN
cblr-14251	401	53	these	these	PRON
cblr-14251	401	54	are	be	AUX
cblr-14251	401	55	just	just	ADV
cblr-14251	401	56	a	a	DET
cblr-14251	401	57	few	few	ADJ
cblr-14251	401	58	examples.108	examples.108	NOUN
cblr-14251	401	59	relatedly	relatedly	ADV
cblr-14251	401	60	,	,	PUNCT
cblr-14251	401	61	corporate	corporate	ADJ
cblr-14251	401	62	finance	finance	NOUN
cblr-14251	401	63	teaches	teach	VERB
cblr-14251	401	64	that	that	SCONJ
cblr-14251	401	65	stocks	stock	NOUN
cblr-14251	401	66	should	should	AUX
cblr-14251	401	67	experience	experience	VERB
cblr-14251	401	68	a	a	DET
cblr-14251	401	69	perfectly	perfectly	ADV
cblr-14251	401	70	horizontal	horizontal	ADJ
cblr-14251	401	71	demand	demand	NOUN
cblr-14251	401	72	curve	curve	NOUN
cblr-14251	401	73	,	,	PUNCT
cblr-14251	401	74	because	because	SCONJ
cblr-14251	401	75	investors	investor	NOUN
cblr-14251	401	76	are	be	AUX
cblr-14251	401	77	indifferent	indifferent	ADJ
cblr-14251	401	78	between	between	ADP
cblr-14251	401	79	stocks	stock	NOUN
cblr-14251	401	80	given	give	VERB
cblr-14251	401	81	their	their	PRON
cblr-14251	401	82	high	high	ADJ
cblr-14251	401	83	substitutability.109	substitutability.109	ADJ
cblr-14251	401	84	but	but	CCONJ
cblr-14251	401	85	as	as	SCONJ
cblr-14251	401	86	professor	professor	NOUN
cblr-14251	401	87	stout	stout	NOUN
cblr-14251	401	88	has	have	AUX
cblr-14251	401	89	pointed	point	VERB
cblr-14251	401	90	out	out	ADP
cblr-14251	401	91	,	,	PUNCT
cblr-14251	401	92	this	this	PRON
cblr-14251	401	93	assumes	assume	VERB
cblr-14251	401	94	a	a	DET
cblr-14251	401	95	certain	certain	ADJ
cblr-14251	401	96	degree	degree	NOUN
cblr-14251	401	97	of	of	ADP
cblr-14251	401	98	homogeneity	homogeneity	NOUN
cblr-14251	401	99	in	in	ADP
cblr-14251	401	100	investor	investor	NOUN
cblr-14251	401	101	assessment	assessment	NOUN
cblr-14251	401	102	of	of	ADP
cblr-14251	401	103	stock	stock	NOUN
cblr-14251	401	104	risk	risk	NOUN
cblr-14251	401	105	and	and	CCONJ
cblr-14251	401	106	return	return	NOUN
cblr-14251	401	107	,	,	PUNCT
cblr-14251	401	108	which	which	PRON
cblr-14251	401	109	is	be	AUX
cblr-14251	401	110	not	not	PART
cblr-14251	401	111	realistic.110	realistic.110	PROPN
cblr-14251	401	112	investors	investor	NOUN
cblr-14251	401	113	certainly	certainly	ADV
cblr-14251	401	114	disagree	disagree	VERB
cblr-14251	401	115	about	about	ADP
cblr-14251	401	116	stock	stock	NOUN
cblr-14251	401	117	valuations	valuation	NOUN
cblr-14251	401	118	—	—	PUNCT
cblr-14251	401	119	that	that	PRON
cblr-14251	401	120	is	be	AUX
cblr-14251	401	121	the	the	DET
cblr-14251	401	122	entire	entire	ADJ
cblr-14251	401	123	basis	basis	NOUN
cblr-14251	401	124	of	of	ADP
cblr-14251	401	125	the	the	DET
cblr-14251	401	126	securities	security	NOUN
cblr-14251	401	127	trading	trading	NOUN
cblr-14251	401	128	industry	industry	NOUN
cblr-14251	401	129	.	.	PUNCT
cblr-14251	402	1	some	some	PRON
cblr-14251	402	2	have	have	AUX
cblr-14251	402	3	even	even	ADV
cblr-14251	402	4	argued	argue	VERB
cblr-14251	402	5	that	that	SCONJ
cblr-14251	402	6	the	the	DET
cblr-14251	402	7	optimal	optimal	ADJ
cblr-14251	402	8	strategy	strategy	NOUN
cblr-14251	402	9	in	in	ADP
cblr-14251	402	10	a	a	DET
cblr-14251	402	11	speculative	speculative	ADJ
cblr-14251	402	12	market	market	NOUN
cblr-14251	402	13	is	be	AUX
cblr-14251	402	14	to	to	PART
cblr-14251	402	15	treat	treat	VERB
cblr-14251	402	16	the	the	DET
cblr-14251	402	17	market	market	NOUN
cblr-14251	402	18	like	like	ADP
cblr-14251	402	19	a	a	DET
cblr-14251	402	20	keynesian	keynesian	ADJ
cblr-14251	402	21	beauty	beauty	NOUN
cblr-14251	402	22	contest	contest	NOUN
cblr-14251	402	23	:	:	PUNCT
cblr-14251	402	24	choose	choose	VERB
cblr-14251	402	25	the	the	DET
cblr-14251	402	26	stocks	stock	NOUN
cblr-14251	402	27	that	that	PRON
cblr-14251	402	28	others	other	NOUN
cblr-14251	402	29	will	will	AUX
cblr-14251	402	30	choose	choose	VERB
cblr-14251	402	31	,	,	PUNCT
cblr-14251	402	32	the	the	DET
cblr-14251	402	33	stocks	stock	NOUN
cblr-14251	402	34	that	that	PRON
cblr-14251	402	35	those	those	DET
cblr-14251	402	36	others	other	NOUN
cblr-14251	402	37	believe	believe	VERB
cblr-14251	402	38	still	still	ADV
cblr-14251	402	39	others	other	NOUN
cblr-14251	402	40	will	will	AUX
cblr-14251	402	41	choose	choose	VERB
cblr-14251	402	42	,	,	PUNCT
cblr-14251	402	43	and	and	CCONJ
cblr-14251	402	44	so	so	ADV
cblr-14251	402	45	on.111	on.111	PROPN
cblr-14251	402	46	more	more	ADV
cblr-14251	402	47	recently	recently	ADV
cblr-14251	402	48	,	,	PUNCT
cblr-14251	402	49	a	a	DET
cblr-14251	402	50	106	106	NUM
cblr-14251	402	51	see	see	NOUN
cblr-14251	402	52	,	,	PUNCT
cblr-14251	402	53	e.g.	e.g.	ADV
cblr-14251	402	54	,	,	PUNCT
cblr-14251	402	55	stout	stout	ADJ
cblr-14251	402	56	,	,	PUNCT
cblr-14251	402	57	supra	supra	ADJ
cblr-14251	402	58	note	note	NOUN
cblr-14251	402	59	9	9	NUM
cblr-14251	402	60	,	,	PUNCT
cblr-14251	402	61	at	at	ADP
cblr-14251	402	62	9–10	9–10	NOUN
cblr-14251	402	63	.	.	PUNCT
cblr-14251	403	1	107	107	NUM
cblr-14251	403	2	see	see	VERB
cblr-14251	403	3	guan	guan	PROPN
cblr-14251	403	4	,	,	PUNCT
cblr-14251	403	5	supra	supra	PROPN
cblr-14251	403	6	note	note	PROPN
cblr-14251	403	7	43	43	NUM
cblr-14251	403	8	,	,	PUNCT
cblr-14251	403	9	at	at	ADP
cblr-14251	403	10	2073–89	2073–89	NUM
cblr-14251	403	11	.	.	PUNCT
cblr-14251	404	1	108	108	NUM
cblr-14251	404	2	see	see	VERB
cblr-14251	404	3	,	,	PUNCT
cblr-14251	404	4	e.g.	e.g.	ADV
cblr-14251	404	5	,	,	PUNCT
cblr-14251	404	6	griffin	griffin	NOUN
cblr-14251	404	7	,	,	PUNCT
cblr-14251	404	8	supra	supra	PROPN
cblr-14251	404	9	note	note	NOUN
cblr-14251	404	10	9	9	NUM
cblr-14251	404	11	,	,	PUNCT
cblr-14251	404	12	at	at	ADP
cblr-14251	404	13	455–56	455–56	PROPN
cblr-14251	404	14	(	(	PUNCT
cblr-14251	404	15	describing	describe	VERB
cblr-14251	404	16	the	the	DET
cblr-14251	404	17	problem	problem	NOUN
cblr-14251	404	18	as	as	ADP
cblr-14251	404	19	one	one	NUM
cblr-14251	404	20	of	of	ADP
cblr-14251	404	21	requiring	require	VERB
cblr-14251	404	22	a	a	DET
cblr-14251	404	23	“	"	PUNCT
cblr-14251	404	24	numerosity	numerosity	NOUN
cblr-14251	404	25	of	of	ADP
cblr-14251	404	26	consensus	consensus	NOUN
cblr-14251	404	27	,	,	PUNCT
cblr-14251	404	28	”	"	PUNCT
cblr-14251	404	29	where	where	SCONJ
cblr-14251	404	30	arbitrageurs	arbitrageur	NOUN
cblr-14251	404	31	require	require	VERB
cblr-14251	404	32	some	some	DET
cblr-14251	404	33	level	level	NOUN
cblr-14251	404	34	of	of	ADP
cblr-14251	404	35	consensus	consensus	NOUN
cblr-14251	404	36	in	in	ADP
cblr-14251	404	37	order	order	NOUN
cblr-14251	404	38	to	to	PART
cblr-14251	404	39	successfully	successfully	ADV
cblr-14251	404	40	benefit	benefit	VERB
cblr-14251	404	41	from	from	ADP
cblr-14251	404	42	arbitrage	arbitrage	NOUN
cblr-14251	404	43	;	;	PUNCT
cblr-14251	404	44	otherwise	otherwise	ADV
cblr-14251	404	45	,	,	PUNCT
cblr-14251	404	46	their	their	PRON
cblr-14251	404	47	arbitrage	arbitrage	NOUN
cblr-14251	404	48	attempts	attempt	NOUN
cblr-14251	404	49	will	will	AUX
cblr-14251	404	50	fail	fail	VERB
cblr-14251	404	51	)	)	PUNCT
cblr-14251	404	52	;	;	PUNCT
cblr-14251	405	1	clifford	clifford	PROPN
cblr-14251	405	2	asness	asness	PROPN
cblr-14251	405	3	,	,	PUNCT
cblr-14251	405	4	the	the	DET
cblr-14251	405	5	less	less	ADV
cblr-14251	405	6	efficient	efficient	ADJ
cblr-14251	405	7	market	market	NOUN
cblr-14251	405	8	hypothesis	hypothesis	NOUN
cblr-14251	405	9	,	,	PUNCT
cblr-14251	405	10	j.	j.	PROPN
cblr-14251	405	11	portfolio	portfolio	PROPN
cblr-14251	405	12	mgmt	mgmt	PROPN
cblr-14251	405	13	.	.	PUNCT
cblr-14251	406	1	(	(	PUNCT
cblr-14251	406	2	forthcoming	forthcoming	ADJ
cblr-14251	406	3	)	)	PUNCT
cblr-14251	406	4	(	(	PUNCT
cblr-14251	406	5	arguing	argue	VERB
cblr-14251	406	6	that	that	SCONJ
cblr-14251	406	7	markets	market	NOUN
cblr-14251	406	8	have	have	AUX
cblr-14251	406	9	become	become	VERB
cblr-14251	406	10	less	less	ADV
cblr-14251	406	11	efficient	efficient	ADJ
cblr-14251	406	12	,	,	PUNCT
cblr-14251	406	13	in	in	ADP
cblr-14251	406	14	large	large	ADJ
cblr-14251	406	15	part	part	NOUN
cblr-14251	406	16	due	due	ADP
cblr-14251	406	17	to	to	ADP
cblr-14251	406	18	the	the	DET
cblr-14251	406	19	rise	rise	NOUN
cblr-14251	406	20	of	of	ADP
cblr-14251	406	21	social	social	ADJ
cblr-14251	406	22	media	medium	NOUN
cblr-14251	406	23	)	)	PUNCT
cblr-14251	406	24	;	;	PUNCT
cblr-14251	406	25	valentin	valentin	PROPN
cblr-14251	406	26	haddad	haddad	PROPN
cblr-14251	406	27	et	et	PROPN
cblr-14251	406	28	al	al	PROPN
cblr-14251	406	29	.	.	PROPN
cblr-14251	406	30	,	,	PUNCT
cblr-14251	406	31	how	how	SCONJ
cblr-14251	406	32	competitive	competitive	ADJ
cblr-14251	406	33	is	be	AUX
cblr-14251	406	34	the	the	DET
cblr-14251	406	35	stock	stock	NOUN
cblr-14251	406	36	market	market	NOUN
cblr-14251	406	37	?	?	PUNCT
cblr-14251	407	1	theory	theory	NOUN
cblr-14251	407	2	,	,	PUNCT
cblr-14251	407	3	evidence	evidence	NOUN
cblr-14251	407	4	from	from	ADP
cblr-14251	407	5	portfolios	portfolio	NOUN
cblr-14251	407	6	,	,	PUNCT
cblr-14251	407	7	and	and	CCONJ
cblr-14251	407	8	implications	implication	NOUN
cblr-14251	407	9	for	for	ADP
cblr-14251	407	10	the	the	DET
cblr-14251	407	11	rise	rise	NOUN
cblr-14251	407	12	of	of	ADP
cblr-14251	407	13	passive	passive	ADJ
cblr-14251	407	14	investing	investing	NOUN
cblr-14251	407	15	,	,	PUNCT
cblr-14251	407	16	amer	amer	PROPN
cblr-14251	407	17	.	.	PROPN
cblr-14251	408	1	econ	econ	PROPN
cblr-14251	408	2	.	.	PUNCT
cblr-14251	409	1	rev	rev	PROPN
cblr-14251	409	2	.	.	PROPN
cblr-14251	410	1	6–7	6–7	NUM
cblr-14251	410	2	(	(	PUNCT
cblr-14251	410	3	forthcoming	forthcoming	ADJ
cblr-14251	410	4	2025	2025	NUM
cblr-14251	410	5	)	)	PUNCT
cblr-14251	410	6	(	(	PUNCT
cblr-14251	410	7	gathering	gather	VERB
cblr-14251	410	8	sources	source	NOUN
cblr-14251	410	9	)	)	PUNCT
cblr-14251	410	10	.	.	PUNCT
cblr-14251	411	1	109	109	NUM
cblr-14251	411	2	see	see	VERB
cblr-14251	411	3	stout	stout	NOUN
cblr-14251	411	4	,	,	PUNCT
cblr-14251	411	5	supra	supra	ADJ
cblr-14251	411	6	note	note	NOUN
cblr-14251	411	7	9	9	NUM
cblr-14251	411	8	,	,	PUNCT
cblr-14251	411	9	at	at	ADP
cblr-14251	411	10	5	5	NUM
cblr-14251	411	11	.	.	PUNCT
cblr-14251	411	12	110	110	NUM
cblr-14251	411	13	see	see	VERB
cblr-14251	411	14	i	i	PROPN
cblr-14251	411	15	d.	d.	PROPN
cblr-14251	411	16	111	111	NUM
cblr-14251	411	17	see	see	NOUN
cblr-14251	411	18	,	,	PUNCT
cblr-14251	411	19	e.g.	e.g.	ADV
cblr-14251	411	20	,	,	PUNCT
cblr-14251	411	21	robert	robert	PROPN
cblr-14251	411	22	j.	j.	PROPN
cblr-14251	411	23	shiller	shiller	PROPN
cblr-14251	411	24	,	,	PUNCT
cblr-14251	411	25	the	the	DET
cblr-14251	411	26	beauty	beauty	NOUN
cblr-14251	411	27	contest	contest	NOUN
cblr-14251	411	28	that	that	PRON
cblr-14251	411	29	’s	’s	AUX
cblr-14251	411	30	shaking	shake	VERB
cblr-14251	411	31	wall	wall	PROPN
cblr-14251	411	32	st	st	PROPN
cblr-14251	411	33	.	.	PROPN
cblr-14251	411	34	,	,	PUNCT
cblr-14251	411	35	n.y	n.y	PROPN
cblr-14251	411	36	.	.	PROPN
cblr-14251	411	37	times	times	PROPN
cblr-14251	411	38	(	(	PUNCT
cblr-14251	411	39	sept	sept	PROPN
cblr-14251	411	40	.	.	PROPN
cblr-14251	411	41	3	3	NUM
cblr-14251	411	42	,	,	PUNCT
cblr-14251	411	43	2011	2011	NUM
cblr-14251	411	44	)	)	PUNCT
cblr-14251	411	45	,	,	PUNCT
cblr-14251	411	46	https://www.nytimes.com/2011/09/04/business/economy/on-wall-st-akeynesian-beauty-contest.html	https://www.nytimes.com/2011/09/04/business/economy/on-wall-st-akeynesian-beauty-contest.html	PROPN
cblr-14251	411	47	;	;	PUNCT
cblr-14251	411	48	maryam	maryam	PROPN
cblr-14251	411	49	farboodi	farboodi	PROPN
cblr-14251	411	50	and	and	CCONJ
cblr-14251	411	51	laura	laura	PROPN
cblr-14251	411	52	veldkamp	veldkamp	PROPN
cblr-14251	411	53	,	,	PUNCT
cblr-14251	411	54	long	long	ADJ
cblr-14251	411	55	run	run	NOUN
cblr-14251	411	56	growth	growth	NOUN
cblr-14251	411	57	of	of	ADP
cblr-14251	411	58	financial	financial	ADJ
cblr-14251	411	59	data	datum	NOUN
cblr-14251	411	60	technology	technology	NOUN
cblr-14251	411	61	,	,	PUNCT
cblr-14251	411	62	110	110	NUM
cblr-14251	411	63	amer	amer	PROPN
cblr-14251	411	64	.	.	PUNCT
cblr-14251	411	65	econ	econ	PROPN
cblr-14251	411	66	.	.	PUNCT
cblr-14251	411	67	rev	rev	PROPN
cblr-14251	411	68	.	.	PROPN
cblr-14251	412	1	(	(	PUNCT
cblr-14251	412	2	2020	2020	NUM
cblr-14251	412	3	)	)	PUNCT
cblr-14251	412	4	(	(	PUNCT
cblr-14251	412	5	“	"	PUNCT
cblr-14251	412	6	structural	structural	ADJ
cblr-14251	412	7	change	change	NOUN
cblr-14251	412	8	in	in	ADP
cblr-14251	412	9	the	the	DET
cblr-14251	412	10	financial	financial	ADJ
cblr-14251	412	11	sector	sector	NOUN
cblr-14251	412	12	arises	arise	VERB
cblr-14251	412	13	because	because	SCONJ
cblr-14251	412	14	improvements	improvement	NOUN
cblr-14251	412	15	in	in	ADP
cblr-14251	412	16	data	data	NOUN
cblr-14251	412	17	processing	processing	NOUN
cblr-14251	412	18	trigger	trigger	NOUN
cblr-14251	412	19	a	a	DET
cblr-14251	412	20	shift	shift	NOUN
cblr-14251	412	21	in	in	ADP
cblr-14251	412	22	the	the	DET
cblr-14251	412	23	type	type	NOUN
cblr-14251	412	24	of	of	ADP
cblr-14251	412	25	data	datum	NOUN
cblr-14251	412	26	investors	investor	NOUN
cblr-14251	412	27	process	process	NOUN
cblr-14251	412	28	.	.	PUNCT
cblr-14251	413	1	instead	instead	ADV
cblr-14251	413	2	of	of	ADP
cblr-14251	413	3	processing	process	VERB
cblr-14251	413	4	data	datum	NOUN
cblr-14251	413	5	about	about	ADP
cblr-14251	413	6	firm	firm	ADJ
cblr-14251	413	7	fundamentals	fundamental	NOUN
cblr-14251	413	8	,	,	PUNCT
cblr-14251	413	9	firms	firm	NOUN
cblr-14251	413	10	choose	choose	VERB
cblr-14251	413	11	to	to	ADP
cblr-14251	413	12	processing	process	VERB
cblr-14251	413	13	more	more	ADJ
cblr-14251	413	14	and	and	CCONJ
cblr-14251	413	15	more	more	ADJ
cblr-14251	413	16	data	datum	NOUN
cblr-14251	413	17	about	about	ADP
cblr-14251	413	18	other	other	ADJ
cblr-14251	413	19	investors	investor	NOUN
cblr-14251	413	20	’	'	PUNCT
cblr-14251	413	21	demand	demand	NOUN
cblr-14251	413	22	.	.	PUNCT
cblr-14251	414	1	each	each	DET
cblr-14251	414	2	data	datum	NOUN
cblr-14251	414	3	choice	choice	NOUN
cblr-14251	414	4	gives	give	VERB
cblr-14251	414	5	rise	rise	NOUN
cblr-14251	414	6	to	to	ADP
cblr-14251	414	7	an	an	DET
cblr-14251	414	8	optimal	optimal	ADJ
cblr-14251	414	9	trading	trading	NOUN
cblr-14251	414	10	strategy	strategy	NOUN
cblr-14251	414	11	.	.	PUNCT
cblr-14251	415	1	the	the	DET
cblr-14251	415	2	resulting	result	VERB
cblr-14251	415	3	shift	shift	NOUN
cblr-14251	415	4	in	in	ADP
cblr-14251	415	5	strategies	strategy	NOUN
cblr-14251	415	6	resembles	resemble	VERB
cblr-14251	415	7	an	an	DET
cblr-14251	415	8	abandonment	abandonment	NOUN
cblr-14251	415	9	of	of	ADP
cblr-14251	415	10	value	value	NOUN
cblr-14251	415	11	investing	investing	NOUN
cblr-14251	415	12	and	and	CCONJ
cblr-14251	415	13	a	a	DET
cblr-14251	415	14	rise	rise	NOUN
cblr-14251	415	15	in	in	ADP
cblr-14251	415	16	a	a	DET
cblr-14251	415	17	no	no	NOUN
cblr-14251	415	18	.	.	NOUN
cblr-14251	415	19	1	1	NUM
cblr-14251	415	20	]	]	PUNCT
cblr-14251	415	21	securities	security	NOUN
cblr-14251	415	22	fraud	fraud	NOUN
cblr-14251	415	23	and	and	CCONJ
cblr-14251	415	24	the	the	DET
cblr-14251	415	25	market	market	NOUN
cblr-14251	415	26	for	for	ADP
cblr-14251	415	27	individual	individual	ADJ
cblr-14251	415	28	stocks	stock	NOUN
cblr-14251	415	29	255	255	NUM
cblr-14251	415	30	paper	paper	NOUN
cblr-14251	415	31	by	by	ADP
cblr-14251	415	32	professors	professor	NOUN
cblr-14251	415	33	xavier	xavier	PROPN
cblr-14251	415	34	gabaix	gabaix	PROPN
cblr-14251	415	35	and	and	CCONJ
cblr-14251	415	36	ralph	ralph	PROPN
cblr-14251	415	37	koijen	koijen	PROPN
cblr-14251	415	38	argues	argue	VERB
cblr-14251	415	39	that	that	SCONJ
cblr-14251	415	40	markets	market	NOUN
cblr-14251	415	41	are	be	AUX
cblr-14251	415	42	inelastic	inelastic	ADJ
cblr-14251	415	43	and	and	CCONJ
cblr-14251	415	44	that	that	SCONJ
cblr-14251	415	45	prices	price	NOUN
cblr-14251	415	46	are	be	AUX
cblr-14251	415	47	affected	affect	VERB
cblr-14251	415	48	by	by	ADP
cblr-14251	415	49	flows	flow	NOUN
cblr-14251	415	50	as	as	ADV
cblr-14251	415	51	well	well	ADV
cblr-14251	415	52	as	as	ADP
cblr-14251	415	53	demand	demand	NOUN
cblr-14251	415	54	shocks.112	shocks.112	NOUN
cblr-14251	415	55	they	they	PRON
cblr-14251	415	56	construct	construct	VERB
cblr-14251	415	57	a	a	DET
cblr-14251	415	58	model	model	NOUN
cblr-14251	415	59	showing	show	VERB
cblr-14251	415	60	that	that	SCONJ
cblr-14251	415	61	“	"	PUNCT
cblr-14251	415	62	determinants	determinant	NOUN
cblr-14251	415	63	of	of	ADP
cblr-14251	415	64	asset	asset	NOUN
cblr-14251	415	65	prices	price	NOUN
cblr-14251	415	66	can	can	AUX
cblr-14251	415	67	be	be	AUX
cblr-14251	415	68	traced	trace	VERB
cblr-14251	415	69	back	back	ADV
cblr-14251	415	70	to	to	ADP
cblr-14251	415	71	measurable	measurable	ADJ
cblr-14251	415	72	demand	demand	NOUN
cblr-14251	415	73	shocks	shock	NOUN
cblr-14251	415	74	and	and	CCONJ
cblr-14251	415	75	flows	flow	NOUN
cblr-14251	415	76	of	of	ADP
cblr-14251	415	77	concrete	concrete	ADJ
cblr-14251	415	78	investors	investor	NOUN
cblr-14251	415	79	.	.	PUNCT
cblr-14251	416	1	”113	”113	PUNCT
cblr-14251	417	1	in	in	ADP
cblr-14251	417	2	another	another	DET
cblr-14251	417	3	recent	recent	ADJ
cblr-14251	417	4	paper	paper	NOUN
cblr-14251	417	5	,	,	PUNCT
cblr-14251	417	6	professor	professor	NOUN
cblr-14251	417	7	caleb	caleb	PROPN
cblr-14251	417	8	griffin	griffin	PROPN
cblr-14251	417	9	has	have	AUX
cblr-14251	417	10	explored	explore	VERB
cblr-14251	417	11	the	the	DET
cblr-14251	417	12	role	role	NOUN
cblr-14251	417	13	of	of	ADP
cblr-14251	417	14	what	what	PRON
cblr-14251	417	15	he	he	PRON
cblr-14251	417	16	terms	term	VERB
cblr-14251	417	17	“	"	PUNCT
cblr-14251	417	18	extrinsic	extrinsic	ADJ
cblr-14251	417	19	value	value	NOUN
cblr-14251	417	20	,	,	PUNCT
cblr-14251	417	21	”	"	PUNCT
cblr-14251	417	22	or	or	CCONJ
cblr-14251	417	23	the	the	DET
cblr-14251	417	24	demand	demand	NOUN
cblr-14251	417	25	premium	premium	NOUN
cblr-14251	417	26	more	more	ADV
cblr-14251	417	27	broadly	broadly	ADV
cblr-14251	417	28	,	,	PUNCT
cblr-14251	417	29	in	in	ADP
cblr-14251	417	30	determining	determine	VERB
cblr-14251	417	31	share	share	NOUN
cblr-14251	417	32	value.114	value.114	NOUN
cblr-14251	417	33	there	there	ADV
cblr-14251	417	34	,	,	PUNCT
cblr-14251	417	35	professor	professor	NOUN
cblr-14251	417	36	griffin	griffin	NOUN
cblr-14251	417	37	sets	set	VERB
cblr-14251	417	38	forth	forth	ADP
cblr-14251	417	39	the	the	DET
cblr-14251	417	40	“	"	PUNCT
cblr-14251	417	41	share	share	NOUN
cblr-14251	417	42	value	value	NOUN
cblr-14251	417	43	triad	triad	ADJ
cblr-14251	417	44	,	,	PUNCT
cblr-14251	417	45	”	"	PUNCT
cblr-14251	417	46	in	in	SCONJ
cblr-14251	417	47	which	which	DET
cblr-14251	417	48	share	share	NOUN
cblr-14251	417	49	value	value	NOUN
cblr-14251	417	50	is	be	AUX
cblr-14251	417	51	determined	determine	VERB
cblr-14251	417	52	by	by	ADP
cblr-14251	417	53	intrinsic	intrinsic	ADJ
cblr-14251	417	54	value	value	NOUN
cblr-14251	417	55	(	(	PUNCT
cblr-14251	417	56	fundamental	fundamental	ADJ
cblr-14251	417	57	value	value	NOUN
cblr-14251	417	58	)	)	PUNCT
cblr-14251	417	59	,	,	PUNCT
cblr-14251	417	60	control	control	NOUN
cblr-14251	417	61	,	,	PUNCT
cblr-14251	417	62	and	and	CCONJ
cblr-14251	417	63	extrinsic	extrinsic	ADJ
cblr-14251	417	64	value	value	NOUN
cblr-14251	417	65	(	(	PUNCT
cblr-14251	417	66	demand	demand	NOUN
cblr-14251	417	67	-	-	PUNCT
cblr-14251	417	68	driven	drive	VERB
cblr-14251	417	69	factors).115	factors).115	PROPN
cblr-14251	417	70	finally	finally	ADV
cblr-14251	417	71	,	,	PUNCT
cblr-14251	417	72	the	the	DET
cblr-14251	417	73	assumption	assumption	NOUN
cblr-14251	417	74	of	of	ADP
cblr-14251	417	75	investor	investor	NOUN
cblr-14251	417	76	rationality	rationality	NOUN
cblr-14251	417	77	has	have	AUX
cblr-14251	417	78	experienced	experience	VERB
cblr-14251	417	79	robust	robust	ADJ
cblr-14251	417	80	attack	attack	NOUN
cblr-14251	417	81	.	.	PUNCT
cblr-14251	418	1	stock	stock	NOUN
cblr-14251	418	2	market	market	NOUN
cblr-14251	418	3	bubbles	bubble	NOUN
cblr-14251	418	4	present	present	VERB
cblr-14251	418	5	dramatic	dramatic	ADJ
cblr-14251	418	6	evidence	evidence	NOUN
cblr-14251	418	7	of	of	ADP
cblr-14251	418	8	this.116	this.116	ADJ
cblr-14251	418	9	ample	ample	ADJ
cblr-14251	418	10	evidence	evidence	NOUN
cblr-14251	418	11	exists	exist	VERB
cblr-14251	418	12	strategy	strategy	NOUN
cblr-14251	418	13	that	that	PRON
cblr-14251	418	14	is	be	AUX
cblr-14251	418	15	part	part	ADJ
cblr-14251	418	16	statistical	statistical	ADJ
cblr-14251	418	17	arbitrage	arbitrage	NOUN
cblr-14251	418	18	,	,	PUNCT
cblr-14251	418	19	part	part	NOUN
cblr-14251	418	20	retail	retail	ADJ
cblr-14251	418	21	market	market	NOUN
cblr-14251	418	22	making	making	NOUN
cblr-14251	418	23	,	,	PUNCT
cblr-14251	418	24	and	and	CCONJ
cblr-14251	418	25	part	part	NOUN
cblr-14251	418	26	strategies	strategy	NOUN
cblr-14251	418	27	designed	design	VERB
cblr-14251	418	28	to	to	PART
cblr-14251	418	29	extract	extract	VERB
cblr-14251	418	30	what	what	PRON
cblr-14251	418	31	others	other	NOUN
cblr-14251	418	32	know	know	VERB
cblr-14251	418	33	.	.	PUNCT
cblr-14251	418	34	”	"	PUNCT
cblr-14251	418	35	)	)	PUNCT
cblr-14251	418	36	.	.	PUNCT
cblr-14251	419	1	112	112	NUM
cblr-14251	419	2	xavier	xavier	PROPN
cblr-14251	419	3	gabaix	gabaix	PROPN
cblr-14251	419	4	&	&	CCONJ
cblr-14251	419	5	ralph	ralph	PROPN
cblr-14251	419	6	s.	s.	PROPN
cblr-14251	419	7	j.	j.	PROPN
cblr-14251	419	8	koijen	koijen	PROPN
cblr-14251	419	9	,	,	PUNCT
cblr-14251	419	10	in	in	ADP
cblr-14251	419	11	search	search	NOUN
cblr-14251	419	12	of	of	ADP
cblr-14251	419	13	the	the	DET
cblr-14251	419	14	origins	origin	NOUN
cblr-14251	419	15	of	of	ADP
cblr-14251	419	16	financial	financial	ADJ
cblr-14251	419	17	fluctuations	fluctuation	NOUN
cblr-14251	419	18	:	:	PUNCT
cblr-14251	419	19	the	the	DET
cblr-14251	419	20	inelastic	inelastic	ADJ
cblr-14251	419	21	markets	market	NOUN
cblr-14251	419	22	hypothesis	hypothesis	NOUN
cblr-14251	419	23	1	1	NUM
cblr-14251	419	24	,	,	PUNCT
cblr-14251	419	25	3	3	NUM
cblr-14251	419	26	(	(	PUNCT
cblr-14251	419	27	dec	dec	PROPN
cblr-14251	419	28	.	.	PROPN
cblr-14251	419	29	23	23	NUM
cblr-14251	419	30	,	,	PUNCT
cblr-14251	419	31	2023	2023	NUM
cblr-14251	419	32	)	)	PUNCT
cblr-14251	419	33	(	(	PUNCT
cblr-14251	419	34	unpublished	unpublished	ADJ
cblr-14251	419	35	manuscript	manuscript	NOUN
cblr-14251	419	36	)	)	PUNCT
cblr-14251	419	37	,	,	PUNCT
cblr-14251	419	38	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3686935	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3686935	PROPN
cblr-14251	419	39	[	[	X
cblr-14251	419	40	https://perma.cc/ke5n-7dm4	https://perma.cc/ke5n-7dm4	X
cblr-14251	419	41	]	]	PUNCT
cblr-14251	419	42	.	.	PUNCT
cblr-14251	420	1	others	other	NOUN
cblr-14251	420	2	have	have	AUX
cblr-14251	420	3	recently	recently	ADV
cblr-14251	420	4	argued	argue	VERB
cblr-14251	420	5	that	that	SCONJ
cblr-14251	420	6	the	the	DET
cblr-14251	420	7	demand	demand	NOUN
cblr-14251	420	8	for	for	ADP
cblr-14251	420	9	individual	individual	ADJ
cblr-14251	420	10	stocks	stock	NOUN
cblr-14251	420	11	has	have	AUX
cblr-14251	420	12	become	become	VERB
cblr-14251	420	13	11	11	NUM
cblr-14251	420	14	%	%	NOUN
cblr-14251	420	15	more	more	ADV
cblr-14251	420	16	inelastic	inelastic	ADJ
cblr-14251	420	17	due	due	ADP
cblr-14251	420	18	to	to	ADP
cblr-14251	420	19	the	the	DET
cblr-14251	420	20	rise	rise	NOUN
cblr-14251	420	21	in	in	ADP
cblr-14251	420	22	passive	passive	ADJ
cblr-14251	420	23	investing	investing	NOUN
cblr-14251	420	24	,	,	PUNCT
cblr-14251	420	25	which	which	PRON
cblr-14251	420	26	would	would	AUX
cblr-14251	420	27	likely	likely	ADV
cblr-14251	420	28	lead	lead	VERB
cblr-14251	420	29	to	to	ADP
cblr-14251	420	30	“	"	PUNCT
cblr-14251	420	31	less	less	ADV
cblr-14251	420	32	informative	informative	ADJ
cblr-14251	420	33	and	and	CCONJ
cblr-14251	420	34	more	more	ADV
cblr-14251	420	35	volatile	volatile	ADJ
cblr-14251	420	36	prices	price	NOUN
cblr-14251	420	37	.	.	PUNCT
cblr-14251	420	38	”	"	PUNCT
cblr-14251	421	1	haddad	haddad	PROPN
cblr-14251	421	2	et	et	PROPN
cblr-14251	421	3	al	al	PROPN
cblr-14251	421	4	.	.	PROPN
cblr-14251	421	5	,	,	PUNCT
cblr-14251	421	6	supra	supra	PROPN
cblr-14251	421	7	note	note	PROPN
cblr-14251	421	8	108	108	NUM
cblr-14251	421	9	,	,	PUNCT
cblr-14251	421	10	at	at	ADP
cblr-14251	421	11	5	5	NUM
cblr-14251	421	12	;	;	PUNCT
cblr-14251	421	13	justina	justina	PROPN
cblr-14251	421	14	lee	lee	PROPN
cblr-14251	421	15	,	,	PUNCT
cblr-14251	421	16	‘	'	PUNCT
cblr-14251	421	17	magical	magical	ADJ
cblr-14251	421	18	’	'	PUNCT
cblr-14251	421	19	efficient	efficient	ADJ
cblr-14251	421	20	-	-	PUNCT
cblr-14251	421	21	market	market	NOUN
cblr-14251	421	22	theory	theory	NOUN
cblr-14251	421	23	rebuked	rebuke	VERB
cblr-14251	421	24	in	in	ADP
cblr-14251	421	25	era	era	NOUN
cblr-14251	421	26	of	of	ADP
cblr-14251	421	27	passive	passive	ADJ
cblr-14251	421	28	investing	investing	NOUN
cblr-14251	421	29	,	,	PUNCT
cblr-14251	421	30	bloomberg	bloomberg	PROPN
cblr-14251	421	31	(	(	PUNCT
cblr-14251	421	32	jan	jan	PROPN
cblr-14251	421	33	.	.	PROPN
cblr-14251	421	34	31	31	NUM
cblr-14251	421	35	,	,	PUNCT
cblr-14251	421	36	2025	2025	NUM
cblr-14251	421	37	)	)	PUNCT
cblr-14251	421	38	,	,	PUNCT
cblr-14251	421	39	https://www.bloomberg.com/news/articles/2025-01-31/-magical-efficient-markettheory-rebuked-in-era-of-big-passive	https://www.bloomberg.com/news/articles/2025-01-31/-magical-efficient-markettheory-rebuked-in-era-of-big-passive	ADV
cblr-14251	421	40	(	(	PUNCT
cblr-14251	421	41	discussing	discuss	VERB
cblr-14251	421	42	the	the	DET
cblr-14251	421	43	haddad	haddad	PROPN
cblr-14251	421	44	et	et	PROPN
cblr-14251	421	45	al	al	PROPN
cblr-14251	421	46	.	.	PROPN
cblr-14251	421	47	article	article	PROPN
cblr-14251	421	48	and	and	CCONJ
cblr-14251	421	49	quoting	quote	VERB
cblr-14251	421	50	haddad	haddad	PROPN
cblr-14251	421	51	explaining	explain	VERB
cblr-14251	421	52	that	that	SCONJ
cblr-14251	421	53	“	"	PUNCT
cblr-14251	421	54	if	if	SCONJ
cblr-14251	421	55	the	the	DET
cblr-14251	421	56	price	price	NOUN
cblr-14251	421	57	drops	drop	VERB
cblr-14251	421	58	for	for	ADP
cblr-14251	421	59	non	non	ADJ
cblr-14251	421	60	-	-	ADJ
cblr-14251	421	61	fundamental	fundamental	ADJ
cblr-14251	421	62	reason	reason	NOUN
cblr-14251	421	63	,	,	PUNCT
cblr-14251	421	64	somebody	somebody	PRON
cblr-14251	421	65	’s	’s	AUX
cblr-14251	421	66	going	go	VERB
cblr-14251	421	67	to	to	PART
cblr-14251	421	68	come	come	VERB
cblr-14251	421	69	in	in	ADP
cblr-14251	421	70	and	and	CCONJ
cblr-14251	421	71	buy	buy	VERB
cblr-14251	421	72	and	and	CCONJ
cblr-14251	421	73	that	that	PRON
cblr-14251	421	74	’s	’s	AUX
cblr-14251	421	75	going	go	VERB
cblr-14251	421	76	to	to	PART
cblr-14251	421	77	stabilize	stabilize	VERB
cblr-14251	421	78	prices	price	NOUN
cblr-14251	421	79	–	–	PUNCT
cblr-14251	421	80	that	that	PRON
cblr-14251	421	81	’s	’	VERB
cblr-14251	421	82	the	the	DET
cblr-14251	421	83	basic	basic	ADJ
cblr-14251	421	84	idea	idea	NOUN
cblr-14251	421	85	of	of	ADP
cblr-14251	421	86	how	how	SCONJ
cblr-14251	421	87	prices	price	NOUN
cblr-14251	421	88	stay	stay	VERB
cblr-14251	421	89	stable	stable	ADJ
cblr-14251	421	90	and	and	CCONJ
cblr-14251	421	91	close	close	ADJ
cblr-14251	421	92	to	to	ADP
cblr-14251	421	93	fundamentals	fundamental	NOUN
cblr-14251	421	94	in	in	ADP
cblr-14251	421	95	finance	finance	NOUN
cblr-14251	421	96	.	.	PUNCT
cblr-14251	421	97	.	.	PUNCT
cblr-14251	421	98	.	.	PUNCT
cblr-14251	422	1	the	the	DET
cblr-14251	422	2	less	less	ADJ
cblr-14251	422	3	of	of	ADP
cblr-14251	422	4	this	this	DET
cblr-14251	422	5	elasticity	elasticity	NOUN
cblr-14251	422	6	you	you	PRON
cblr-14251	422	7	have	have	VERB
cblr-14251	422	8	,	,	PUNCT
cblr-14251	422	9	the	the	PRON
cblr-14251	422	10	less	less	ADV
cblr-14251	422	11	the	the	DET
cblr-14251	422	12	market	market	NOUN
cblr-14251	422	13	is	be	AUX
cblr-14251	422	14	going	go	VERB
cblr-14251	422	15	to	to	PART
cblr-14251	422	16	absorb	absorb	VERB
cblr-14251	422	17	this	this	PRON
cblr-14251	422	18	because	because	SCONJ
cblr-14251	422	19	passive	passive	ADJ
cblr-14251	422	20	do	do	AUX
cblr-14251	422	21	n’t	not	PART
cblr-14251	422	22	react	react	VERB
cblr-14251	422	23	to	to	ADP
cblr-14251	422	24	anything	anything	PRON
cblr-14251	422	25	”	"	PUNCT
cblr-14251	422	26	)	)	PUNCT
cblr-14251	422	27	.	.	PUNCT
cblr-14251	423	1	113	113	NUM
cblr-14251	423	2	gabaix	gabaix	NOUN
cblr-14251	423	3	&	&	CCONJ
cblr-14251	423	4	koijen	koijen	PROPN
cblr-14251	423	5	,	,	PUNCT
cblr-14251	423	6	supra	supra	PROPN
cblr-14251	423	7	note	note	NOUN
cblr-14251	423	8	112	112	NUM
cblr-14251	423	9	.	.	NOUN
cblr-14251	423	10	114	114	NUM
cblr-14251	423	11	griffin	griffin	NOUN
cblr-14251	423	12	,	,	PUNCT
cblr-14251	423	13	supra	supra	PROPN
cblr-14251	423	14	note	note	NOUN
cblr-14251	423	15	9	9	NUM
cblr-14251	423	16	,	,	PUNCT
cblr-14251	423	17	at	at	ADP
cblr-14251	423	18	441	441	NUM
cblr-14251	423	19	(	(	PUNCT
cblr-14251	423	20	arguing	argue	VERB
cblr-14251	423	21	that	that	SCONJ
cblr-14251	423	22	“	"	PUNCT
cblr-14251	423	23	different	different	ADJ
cblr-14251	423	24	stocks	stock	NOUN
cblr-14251	423	25	have	have	VERB
cblr-14251	423	26	different	different	ADJ
cblr-14251	423	27	elasticities	elasticity	NOUN
cblr-14251	423	28	,	,	PUNCT
cblr-14251	423	29	with	with	ADP
cblr-14251	423	30	some	some	DET
cblr-14251	423	31	stocks	stock	NOUN
cblr-14251	423	32	having	have	VERB
cblr-14251	423	33	far	far	ADV
cblr-14251	423	34	higher	high	ADJ
cblr-14251	423	35	multipliers	multiplier	NOUN
cblr-14251	423	36	than	than	ADP
cblr-14251	423	37	others	other	NOUN
cblr-14251	423	38	”	"	PUNCT
cblr-14251	423	39	)	)	PUNCT
cblr-14251	423	40	.	.	PUNCT
cblr-14251	424	1	115	115	NUM
cblr-14251	425	1	i	i	PRON
cblr-14251	425	2	d.	d.	NOUN
cblr-14251	425	3	at	at	ADP
cblr-14251	425	4	448–49	448–49	NUM
cblr-14251	425	5	.	.	PUNCT
cblr-14251	426	1	116	116	NUM
cblr-14251	426	2	see	see	NOUN
cblr-14251	426	3	,	,	PUNCT
cblr-14251	426	4	e.g.	e.g.	ADV
cblr-14251	426	5	,	,	PUNCT
cblr-14251	426	6	ryan	ryan	PROPN
cblr-14251	426	7	bubb	bubb	PROPN
cblr-14251	426	8	&	&	CCONJ
cblr-14251	426	9	prasad	prasad	PROPN
cblr-14251	426	10	krishnamurthy	krishnamurthy	PROPN
cblr-14251	426	11	,	,	PUNCT
cblr-14251	426	12	regulating	regulate	VERB
cblr-14251	426	13	against	against	ADP
cblr-14251	426	14	bubbles	bubble	NOUN
cblr-14251	426	15	:	:	PUNCT
cblr-14251	426	16	how	how	SCONJ
cblr-14251	426	17	mortgage	mortgage	NOUN
cblr-14251	426	18	regulation	regulation	NOUN
cblr-14251	426	19	can	can	AUX
cblr-14251	426	20	keep	keep	VERB
cblr-14251	426	21	main	main	ADJ
cblr-14251	426	22	street	street	NOUN
cblr-14251	426	23	and	and	CCONJ
cblr-14251	426	24	wall	wall	PROPN
cblr-14251	426	25	street	street	PROPN
cblr-14251	426	26	safe	safe	ADJ
cblr-14251	426	27	—	—	PUNCT
cblr-14251	426	28	from	from	ADP
cblr-14251	426	29	themselves	themselves	PRON
cblr-14251	426	30	,	,	PUNCT
cblr-14251	426	31	163	163	NUM
cblr-14251	426	32	u.	u.	NOUN
cblr-14251	426	33	pa	pa	PROPN
cblr-14251	426	34	.	.	PUNCT
cblr-14251	426	35	l.	l.	PROPN
cblr-14251	426	36	rev	rev	PROPN
cblr-14251	426	37	.	.	PROPN
cblr-14251	426	38	1539	1539	NUM
cblr-14251	426	39	,	,	PUNCT
cblr-14251	426	40	1545–48	1545–48	NUM
cblr-14251	426	41	(	(	PUNCT
cblr-14251	426	42	2015	2015	NUM
cblr-14251	426	43	)	)	PUNCT
cblr-14251	426	44	(	(	PUNCT
cblr-14251	426	45	discussing	discuss	VERB
cblr-14251	426	46	the	the	DET
cblr-14251	426	47	limits	limit	NOUN
cblr-14251	426	48	of	of	ADP
cblr-14251	426	49	rational	rational	ADJ
cblr-14251	426	50	behavior	behavior	NOUN
cblr-14251	426	51	during	during	ADP
cblr-14251	426	52	bubbles	bubble	NOUN
cblr-14251	426	53	)	)	PUNCT
cblr-14251	426	54	;	;	PUNCT
cblr-14251	427	1	stefan	stefan	PROPN
cblr-14251	427	2	nagel	nagel	PROPN
cblr-14251	427	3	&	&	CCONJ
cblr-14251	427	4	markus	markus	PROPN
cblr-14251	427	5	konrad	konrad	PROPN
cblr-14251	427	6	brunnermeier	brunnermeier	PROPN
cblr-14251	427	7	,	,	PUNCT
cblr-14251	427	8	hedge	hedge	NOUN
cblr-14251	427	9	funds	fund	NOUN
cblr-14251	427	10	and	and	CCONJ
cblr-14251	427	11	the	the	DET
cblr-14251	427	12	technology	technology	NOUN
cblr-14251	427	13	bubble	bubble	NOUN
cblr-14251	427	14	(	(	PUNCT
cblr-14251	427	15	june	june	PROPN
cblr-14251	427	16	2003	2003	NUM
cblr-14251	427	17	)	)	PUNCT
cblr-14251	427	18	(	(	PUNCT
cblr-14251	427	19	unpublished	unpublished	ADJ
cblr-14251	427	20	manuscript	manuscript	NOUN
cblr-14251	427	21	)	)	PUNCT
cblr-14251	427	22	,	,	PUNCT
cblr-14251	427	23	https://ssrn.com/abstract=423940	https://ssrn.com/abstract=423940	NOUN
cblr-14251	428	1	[	[	X
cblr-14251	428	2	https://perma.cc/3u39-2f4n	https://perma.cc/3u39-2f4n	X
cblr-14251	428	3	]	]	X
cblr-14251	428	4	(	(	PUNCT
cblr-14251	428	5	showing	show	VERB
cblr-14251	428	6	that	that	SCONJ
cblr-14251	428	7	256	256	NUM
cblr-14251	428	8	columbia	columbia	PROPN
cblr-14251	428	9	business	business	NOUN
cblr-14251	428	10	law	law	NOUN
cblr-14251	428	11	review	review	NOUN
cblr-14251	428	12	[	[	X
cblr-14251	428	13	vol	vol	NOUN
cblr-14251	428	14	.	.	PUNCT
cblr-14251	428	15	2025	2025	NUM
cblr-14251	428	16	demonstrating	demonstrate	VERB
cblr-14251	428	17	that	that	SCONJ
cblr-14251	428	18	investors	investor	NOUN
cblr-14251	428	19	do	do	AUX
cblr-14251	428	20	not	not	PART
cblr-14251	428	21	process	process	VERB
cblr-14251	428	22	information	information	NOUN
cblr-14251	428	23	rationally.117	rationally.117	NOUN
cblr-14251	428	24	more	more	ADV
cblr-14251	428	25	often	often	ADV
cblr-14251	428	26	than	than	ADP
cblr-14251	428	27	not	not	PART
cblr-14251	428	28	,	,	PUNCT
cblr-14251	428	29	investors	investor	NOUN
cblr-14251	428	30	are	be	AUX
cblr-14251	428	31	(	(	PUNCT
cblr-14251	428	32	understandably	understandably	ADV
cblr-14251	428	33	)	)	PUNCT
cblr-14251	428	34	overloaded	overload	VERB
cblr-14251	428	35	with	with	ADP
cblr-14251	428	36	huge	huge	ADJ
cblr-14251	428	37	amounts	amount	NOUN
cblr-14251	428	38	of	of	ADP
cblr-14251	428	39	information	information	NOUN
cblr-14251	428	40	that	that	PRON
cblr-14251	428	41	is	be	AUX
cblr-14251	428	42	presented	present	VERB
cblr-14251	428	43	in	in	ADP
cblr-14251	428	44	obtuse	obtuse	NOUN
cblr-14251	428	45	,	,	PUNCT
cblr-14251	428	46	complex	complex	ADJ
cblr-14251	428	47	ways	way	NOUN
cblr-14251	428	48	,	,	PUNCT
cblr-14251	428	49	written	write	VERB
cblr-14251	428	50	about	about	ADP
cblr-14251	428	51	ever	ever	ADV
cblr-14251	428	52	-	-	PUNCT
cblr-14251	428	53	more	more	ADV
cblr-14251	428	54	complicated	complicated	ADJ
cblr-14251	428	55	financial	financial	ADJ
cblr-14251	428	56	products	product	NOUN
cblr-14251	428	57	and	and	CCONJ
cblr-14251	428	58	risks.118	risks.118	PROPN
cblr-14251	428	59	investors	investor	NOUN
cblr-14251	428	60	experience	experience	VERB
cblr-14251	428	61	loss	loss	NOUN
cblr-14251	428	62	aversion	aversion	NOUN
cblr-14251	428	63	,	,	PUNCT
cblr-14251	428	64	the	the	DET
cblr-14251	428	65	representation	representation	NOUN
cblr-14251	428	66	effect	effect	NOUN
cblr-14251	428	67	,	,	PUNCT
cblr-14251	428	68	reluctance	reluctance	NOUN
cblr-14251	428	69	to	to	PART
cblr-14251	428	70	shift	shift	VERB
cblr-14251	428	71	beliefs	belief	NOUN
cblr-14251	428	72	in	in	ADP
cblr-14251	428	73	face	face	NOUN
cblr-14251	428	74	of	of	ADP
cblr-14251	428	75	persuasive	persuasive	ADJ
cblr-14251	428	76	evidence	evidence	NOUN
cblr-14251	428	77	,	,	PUNCT
cblr-14251	428	78	and	and	CCONJ
cblr-14251	428	79	overconfidence	overconfidence	NOUN
cblr-14251	428	80	,	,	PUNCT
cblr-14251	428	81	among	among	ADP
cblr-14251	428	82	many	many	ADJ
cblr-14251	428	83	other	other	ADJ
cblr-14251	428	84	cognitive	cognitive	NOUN
cblr-14251	428	85	and	and	CCONJ
cblr-14251	428	86	behavioral	behavioral	ADJ
cblr-14251	428	87	biases.119	biases.119	ADV
cblr-14251	428	88	they	they	PRON
cblr-14251	428	89	exhibit	exhibit	VERB
cblr-14251	428	90	hindsight	hindsight	ADJ
cblr-14251	428	91	bias	bias	NOUN
cblr-14251	428	92	,	,	PUNCT
cblr-14251	428	93	are	be	AUX
cblr-14251	428	94	susceptible	susceptible	ADJ
cblr-14251	428	95	to	to	PART
cblr-14251	428	96	draw	draw	VERB
cblr-14251	428	97	different	different	ADJ
cblr-14251	428	98	conclusions	conclusion	NOUN
cblr-14251	428	99	based	base	VERB
cblr-14251	428	100	on	on	ADP
cblr-14251	428	101	the	the	DET
cblr-14251	428	102	same	same	ADJ
cblr-14251	428	103	evidence	evidence	NOUN
cblr-14251	428	104	that	that	PRON
cblr-14251	428	105	is	be	AUX
cblr-14251	428	106	framed	frame	VERB
cblr-14251	428	107	differently	differently	ADV
cblr-14251	428	108	,	,	PUNCT
cblr-14251	428	109	and	and	CCONJ
cblr-14251	428	110	are	be	AUX
cblr-14251	428	111	overloaded	overload	VERB
cblr-14251	428	112	with	with	ADP
cblr-14251	428	113	vast	vast	ADJ
cblr-14251	428	114	amounts	amount	NOUN
cblr-14251	428	115	of	of	ADP
cblr-14251	428	116	information	information	NOUN
cblr-14251	428	117	,	,	PUNCT
cblr-14251	428	118	leading	lead	VERB
cblr-14251	428	119	to	to	ADP
cblr-14251	428	120	an	an	DET
cblr-14251	428	121	even	even	ADV
cblr-14251	428	122	greater	great	ADJ
cblr-14251	428	123	likelihood	likelihood	NOUN
cblr-14251	428	124	that	that	SCONJ
cblr-14251	428	125	investors	investor	NOUN
cblr-14251	428	126	rely	rely	VERB
cblr-14251	428	127	on	on	ADP
cblr-14251	428	128	heuristics	heuristic	NOUN
cblr-14251	428	129	to	to	PART
cblr-14251	428	130	make	make	VERB
cblr-14251	428	131	decisions.120	decisions.120	ADJ
cblr-14251	428	132	social	social	ADJ
cblr-14251	428	133	biases	bias	NOUN
cblr-14251	428	134	are	be	AUX
cblr-14251	428	135	also	also	ADV
cblr-14251	428	136	pervasive	pervasive	ADJ
cblr-14251	428	137	,	,	PUNCT
cblr-14251	428	138	including	include	VERB
cblr-14251	428	139	herding	herd	VERB
cblr-14251	428	140	and	and	CCONJ
cblr-14251	428	141	related	related	ADJ
cblr-14251	428	142	behavior	behavior	NOUN
cblr-14251	428	143	,	,	PUNCT
cblr-14251	428	144	such	such	ADJ
cblr-14251	428	145	as	as	ADP
cblr-14251	428	146	attention	attention	NOUN
cblr-14251	428	147	-	-	PUNCT
cblr-14251	428	148	driven	drive	VERB
cblr-14251	428	149	trading	trading	NOUN
cblr-14251	428	150	or	or	CCONJ
cblr-14251	428	151	feedback	feedback	NOUN
cblr-14251	428	152	trading.121	trading.121	NOUN
cblr-14251	428	153	these	these	DET
cblr-14251	428	154	biases	bias	NOUN
cblr-14251	428	155	are	be	AUX
cblr-14251	428	156	exhibited	exhibit	VERB
cblr-14251	428	157	by	by	ADP
cblr-14251	428	158	all	all	DET
cblr-14251	428	159	investors	investor	NOUN
cblr-14251	428	160	—	—	PUNCT
cblr-14251	428	161	both	both	CCONJ
cblr-14251	428	162	sophisticated	sophisticated	ADJ
cblr-14251	428	163	and	and	CCONJ
cblr-14251	428	164	unsophisticated.122	unsophisticated.122	NOUN
cblr-14251	428	165	investors	investor	NOUN
cblr-14251	428	166	may	may	AUX
cblr-14251	428	167	rationally	rationally	ADV
cblr-14251	428	168	choose	choose	VERB
cblr-14251	428	169	to	to	PART
cblr-14251	428	170	ride	ride	VERB
cblr-14251	428	171	bubbles	bubble	NOUN
cblr-14251	428	172	because	because	SCONJ
cblr-14251	428	173	of	of	ADP
cblr-14251	428	174	predictable	predictable	ADJ
cblr-14251	428	175	investor	investor	NOUN
cblr-14251	428	176	sentiment	sentiment	NOUN
cblr-14251	428	177	and	and	CCONJ
cblr-14251	428	178	limits	limit	NOUN
cblr-14251	428	179	to	to	ADP
cblr-14251	428	180	arbitrage	arbitrage	NOUN
cblr-14251	428	181	)	)	PUNCT
cblr-14251	428	182	.	.	PUNCT
cblr-14251	429	1	117	117	NUM
cblr-14251	429	2	see	see	VERB
cblr-14251	429	3	tom	tom	PROPN
cblr-14251	429	4	c.w	c.w	PROPN
cblr-14251	429	5	.	.	PROPN
cblr-14251	429	6	lin	lin	PROPN
cblr-14251	429	7	,	,	PUNCT
cblr-14251	429	8	reasonable	reasonable	ADJ
cblr-14251	429	9	investor(s	investor(s	NOUN
cblr-14251	429	10	)	)	PUNCT
cblr-14251	429	11	,	,	PUNCT
cblr-14251	429	12	95	95	NUM
cblr-14251	429	13	b.u	b.u	PROPN
cblr-14251	429	14	.	.	PROPN
cblr-14251	429	15	l.	l.	PROPN
cblr-14251	429	16	rev	rev	PROPN
cblr-14251	429	17	.	.	PROPN
cblr-14251	429	18	461	461	NUM
cblr-14251	429	19	,	,	PUNCT
cblr-14251	429	20	468–71	468–71	PROPN
cblr-14251	429	21	(	(	PUNCT
cblr-14251	429	22	2015	2015	NUM
cblr-14251	429	23	)	)	PUNCT
cblr-14251	429	24	(	(	PUNCT
cblr-14251	429	25	describing	describe	VERB
cblr-14251	429	26	the	the	DET
cblr-14251	429	27	“	"	PUNCT
cblr-14251	429	28	irrational	irrational	ADJ
cblr-14251	429	29	investor	investor	NOUN
cblr-14251	429	30	”	"	PUNCT
cblr-14251	429	31	as	as	ADP
cblr-14251	429	32	one	one	NUM
cblr-14251	429	33	who	who	PRON
cblr-14251	429	34	is	be	AUX
cblr-14251	429	35	“	"	PUNCT
cblr-14251	429	36	predictably	predictably	ADV
cblr-14251	429	37	flawed	flawed	ADJ
cblr-14251	429	38	and	and	CCONJ
cblr-14251	429	39	cognitively	cognitively	ADV
cblr-14251	429	40	bounded	bound	VERB
cblr-14251	429	41	,	,	PUNCT
cblr-14251	429	42	as	as	ADP
cblr-14251	429	43	an	an	DET
cblr-14251	429	44	alternative	alternative	ADJ
cblr-14251	429	45	profile	profile	NOUN
cblr-14251	429	46	to	to	ADP
cblr-14251	429	47	the	the	DET
cblr-14251	429	48	rational	rational	ADJ
cblr-14251	429	49	actor	actor	NOUN
cblr-14251	429	50	profile	profile	NOUN
cblr-14251	429	51	of	of	ADP
cblr-14251	429	52	the	the	DET
cblr-14251	429	53	conventional	conventional	ADJ
cblr-14251	429	54	reasonable	reasonable	ADJ
cblr-14251	429	55	investor	investor	NOUN
cblr-14251	429	56	paradigm	paradigm	NOUN
cblr-14251	429	57	”	"	PUNCT
cblr-14251	429	58	and	and	CCONJ
cblr-14251	429	59	collecting	collect	VERB
cblr-14251	429	60	sources	source	NOUN
cblr-14251	429	61	)	)	PUNCT
cblr-14251	429	62	.	.	PUNCT
cblr-14251	430	1	118	118	NUM
cblr-14251	430	2	see	see	VERB
cblr-14251	430	3	i	i	PRON
cblr-14251	430	4	d.	d.	PROPN
cblr-14251	430	5	at	at	ADP
cblr-14251	430	6	509–11	509–11	PROPN
cblr-14251	430	7	(	(	PUNCT
cblr-14251	430	8	describing	describe	VERB
cblr-14251	430	9	the	the	DET
cblr-14251	430	10	complexity	complexity	NOUN
cblr-14251	430	11	and	and	CCONJ
cblr-14251	430	12	information	information	NOUN
cblr-14251	430	13	overload	overload	NOUN
cblr-14251	430	14	of	of	ADP
cblr-14251	430	15	modern	modern	ADJ
cblr-14251	430	16	-	-	PUNCT
cblr-14251	430	17	day	day	NOUN
cblr-14251	430	18	corporate	corporate	ADJ
cblr-14251	430	19	disclosures	disclosure	NOUN
cblr-14251	430	20	)	)	PUNCT
cblr-14251	430	21	.	.	PUNCT
cblr-14251	431	1	see	see	VERB
cblr-14251	431	2	also	also	ADV
cblr-14251	431	3	i	i	PROPN
cblr-14251	431	4	d.	d.	PROPN
cblr-14251	431	5	at	at	ADP
cblr-14251	431	6	489	489	NUM
cblr-14251	431	7	(	(	PUNCT
cblr-14251	431	8	noting	note	VERB
cblr-14251	431	9	that	that	SCONJ
cblr-14251	431	10	“	"	PUNCT
cblr-14251	431	11	between	between	ADP
cblr-14251	431	12	1950	1950	NUM
cblr-14251	431	13	and	and	CCONJ
cblr-14251	431	14	2004	2004	NUM
cblr-14251	431	15	,	,	PUNCT
cblr-14251	431	16	annual	annual	ADJ
cblr-14251	431	17	reports	report	NOUN
cblr-14251	431	18	of	of	ADP
cblr-14251	431	19	fortune	fortune	NOUN
cblr-14251	431	20	500	500	NUM
cblr-14251	431	21	companies	company	NOUN
cblr-14251	431	22	increased	increase	VERB
cblr-14251	431	23	in	in	ADP
cblr-14251	431	24	length	length	NOUN
cblr-14251	431	25	from	from	ADP
cblr-14251	431	26	approximately	approximately	ADV
cblr-14251	431	27	16	16	NUM
cblr-14251	431	28	pages	page	NOUN
cblr-14251	431	29	per	per	ADP
cblr-14251	431	30	firm	firm	NOUN
cblr-14251	431	31	to	to	ADP
cblr-14251	431	32	over	over	ADP
cblr-14251	431	33	165	165	NUM
cblr-14251	431	34	pages	page	NOUN
cblr-14251	431	35	per	per	ADP
cblr-14251	431	36	firm	firm	NOUN
cblr-14251	431	37	”	"	PUNCT
cblr-14251	431	38	)	)	PUNCT
cblr-14251	431	39	.	.	PUNCT
cblr-14251	432	1	119	119	NUM
cblr-14251	432	2	see	see	VERB
cblr-14251	432	3	,	,	PUNCT
cblr-14251	432	4	e.g.	e.g.	ADV
cblr-14251	432	5	,	,	PUNCT
cblr-14251	432	6	donald	donald	PROPN
cblr-14251	432	7	langevoort	langevoort	PROPN
cblr-14251	432	8	,	,	PUNCT
cblr-14251	432	9	taming	tame	VERB
cblr-14251	432	10	the	the	DET
cblr-14251	432	11	animal	animal	NOUN
cblr-14251	432	12	spirits	spirit	NOUN
cblr-14251	432	13	of	of	ADP
cblr-14251	432	14	the	the	DET
cblr-14251	432	15	stock	stock	NOUN
cblr-14251	432	16	market	market	NOUN
cblr-14251	432	17	:	:	PUNCT
cblr-14251	432	18	a	a	DET
cblr-14251	432	19	behavioral	behavioral	ADJ
cblr-14251	432	20	approach	approach	NOUN
cblr-14251	432	21	to	to	ADP
cblr-14251	432	22	securities	security	NOUN
cblr-14251	432	23	regulation	regulation	NOUN
cblr-14251	432	24	,	,	PUNCT
cblr-14251	432	25	97	97	NUM
cblr-14251	432	26	nw	nw	NOUN
cblr-14251	432	27	.	.	PUNCT
cblr-14251	432	28	u.	u.	PROPN
cblr-14251	432	29	l.	l.	PROPN
cblr-14251	432	30	rev	rev	PROPN
cblr-14251	432	31	.	.	PROPN
cblr-14251	432	32	135	135	NUM
cblr-14251	432	33	,	,	PUNCT
cblr-14251	432	34	143–48	143–48	NUM
cblr-14251	432	35	(	(	PUNCT
cblr-14251	432	36	2002	2002	NUM
cblr-14251	432	37	)	)	PUNCT
cblr-14251	432	38	.	.	PUNCT
cblr-14251	433	1	120	120	NUM
cblr-14251	433	2	david	david	PROPN
cblr-14251	433	3	a.	a.	PROPN
cblr-14251	433	4	hoffman	hoffman	PROPN
cblr-14251	433	5	,	,	PUNCT
cblr-14251	433	6	the	the	DET
cblr-14251	433	7	“	"	PUNCT
cblr-14251	433	8	duty	duty	NOUN
cblr-14251	433	9	”	"	PUNCT
cblr-14251	433	10	to	to	PART
cblr-14251	433	11	be	be	AUX
cblr-14251	433	12	a	a	DET
cblr-14251	433	13	rational	rational	ADJ
cblr-14251	433	14	shareholder	shareholder	NOUN
cblr-14251	433	15	,	,	PUNCT
cblr-14251	433	16	90	90	NUM
cblr-14251	433	17	minn	minn	NOUN
cblr-14251	433	18	.	.	PUNCT
cblr-14251	434	1	l.	l.	PROPN
cblr-14251	434	2	rev	rev	PROPN
cblr-14251	434	3	.	.	PROPN
cblr-14251	434	4	537	537	NUM
cblr-14251	434	5	,	,	PUNCT
cblr-14251	434	6	549–60	549–60	PROPN
cblr-14251	434	7	(	(	PUNCT
cblr-14251	434	8	2006	2006	NUM
cblr-14251	434	9	)	)	PUNCT
cblr-14251	434	10	(	(	PUNCT
cblr-14251	434	11	describing	describe	VERB
cblr-14251	434	12	ways	way	NOUN
cblr-14251	434	13	in	in	ADP
cblr-14251	434	14	which	which	PRON
cblr-14251	434	15	behavioral	behavioral	ADJ
cblr-14251	434	16	law	law	NOUN
cblr-14251	434	17	and	and	CCONJ
cblr-14251	434	18	economics	economic	NOUN
cblr-14251	434	19	undermines	undermine	VERB
cblr-14251	434	20	the	the	DET
cblr-14251	434	21	market	market	NOUN
cblr-14251	434	22	’s	’s	PART
cblr-14251	434	23	rationality	rationality	NOUN
cblr-14251	434	24	premise	premise	NOUN
cblr-14251	434	25	)	)	PUNCT
cblr-14251	434	26	.	.	PUNCT
cblr-14251	435	1	121	121	NUM
cblr-14251	435	2	see	see	VERB
cblr-14251	435	3	generally	generally	ADV
cblr-14251	435	4	sushil	sushil	PROPN
cblr-14251	435	5	bikhchandani	bikhchandani	PROPN
cblr-14251	435	6	&	&	CCONJ
cblr-14251	435	7	sunil	sunil	PROPN
cblr-14251	435	8	sharma	sharma	PROPN
cblr-14251	435	9	,	,	PUNCT
cblr-14251	435	10	herd	herd	NOUN
cblr-14251	435	11	behavior	behavior	NOUN
cblr-14251	435	12	in	in	ADP
cblr-14251	435	13	financial	financial	ADJ
cblr-14251	435	14	markets	market	NOUN
cblr-14251	435	15	,	,	PUNCT
cblr-14251	435	16	47	47	NUM
cblr-14251	435	17	imf	imf	PROPN
cblr-14251	435	18	staff	staff	NOUN
cblr-14251	435	19	papers	paper	NOUN
cblr-14251	435	20	279	279	NUM
cblr-14251	435	21	(	(	PUNCT
cblr-14251	435	22	2001	2001	NUM
cblr-14251	435	23	)	)	PUNCT
cblr-14251	435	24	(	(	PUNCT
cblr-14251	435	25	discussing	discuss	VERB
cblr-14251	435	26	herd	herd	NOUN
cblr-14251	435	27	behavior	behavior	NOUN
cblr-14251	435	28	in	in	ADP
cblr-14251	435	29	the	the	DET
cblr-14251	435	30	market	market	NOUN
cblr-14251	435	31	)	)	PUNCT
cblr-14251	435	32	;	;	PUNCT
cblr-14251	435	33	donald	donald	PROPN
cblr-14251	435	34	c.	c.	PROPN
cblr-14251	435	35	langevoort	langevoort	PROPN
cblr-14251	435	36	,	,	PUNCT
cblr-14251	435	37	behavioral	behavioral	ADJ
cblr-14251	435	38	approaches	approach	NOUN
cblr-14251	435	39	to	to	ADP
cblr-14251	435	40	corporate	corporate	ADJ
cblr-14251	435	41	law	law	NOUN
cblr-14251	435	42	,	,	PUNCT
cblr-14251	435	43	in	in	ADP
cblr-14251	435	44	research	research	NOUN
cblr-14251	435	45	handbook	handbook	NOUN
cblr-14251	435	46	on	on	ADP
cblr-14251	435	47	the	the	DET
cblr-14251	435	48	economics	economic	NOUN
cblr-14251	435	49	of	of	ADP
cblr-14251	435	50	corporate	corporate	ADJ
cblr-14251	435	51	law	law	NOUN
cblr-14251	435	52	442	442	NUM
cblr-14251	435	53	(	(	PUNCT
cblr-14251	435	54	claire	claire	PROPN
cblr-14251	435	55	a.	a.	PROPN
cblr-14251	435	56	hill	hill	PROPN
cblr-14251	435	57	&	&	CCONJ
cblr-14251	435	58	brett	brett	PROPN
cblr-14251	435	59	h.	h.	PROPN
cblr-14251	435	60	mcdonell	mcdonell	PROPN
cblr-14251	435	61	eds	eds	PROPN
cblr-14251	435	62	.	.	PROPN
cblr-14251	435	63	,	,	PUNCT
cblr-14251	435	64	2012	2012	NUM
cblr-14251	435	65	)	)	PUNCT
cblr-14251	435	66	(	(	PUNCT
cblr-14251	435	67	discussing	discuss	VERB
cblr-14251	435	68	behavioral	behavioral	ADJ
cblr-14251	435	69	biases	bias	NOUN
cblr-14251	435	70	in	in	ADP
cblr-14251	435	71	corporate	corporate	ADJ
cblr-14251	435	72	law	law	NOUN
cblr-14251	435	73	)	)	PUNCT
cblr-14251	435	74	.	.	PUNCT
cblr-14251	436	1	122	122	NUM
cblr-14251	436	2	see	see	VERB
cblr-14251	436	3	,	,	PUNCT
cblr-14251	436	4	e.g.	e.g.	ADV
cblr-14251	436	5	,	,	PUNCT
cblr-14251	436	6	bikhchandani	bikhchandani	PROPN
cblr-14251	436	7	&	&	CCONJ
cblr-14251	436	8	sharma	sharma	PROPN
cblr-14251	436	9	,	,	PUNCT
cblr-14251	436	10	supra	supra	PROPN
cblr-14251	436	11	note	note	NOUN
cblr-14251	436	12	121	121	NUM
cblr-14251	436	13	,	,	PUNCT
cblr-14251	436	14	at	at	ADP
cblr-14251	436	15	290–300	290–300	NUM
cblr-14251	436	16	(	(	PUNCT
cblr-14251	436	17	examining	examine	VERB
cblr-14251	436	18	how	how	SCONJ
cblr-14251	436	19	and	and	CCONJ
cblr-14251	436	20	why	why	SCONJ
cblr-14251	436	21	investment	investment	NOUN
cblr-14251	436	22	managers	manager	NOUN
cblr-14251	436	23	herd	herd	NOUN
cblr-14251	436	24	)	)	PUNCT
cblr-14251	436	25	;	;	PUNCT
cblr-14251	436	26	nerissa	nerissa	PROPN
cblr-14251	436	27	c.	c.	PROPN
cblr-14251	436	28	brown	brown	PROPN
cblr-14251	436	29	et	et	PROPN
cblr-14251	436	30	al	al	PROPN
cblr-14251	436	31	.	.	PROPN
cblr-14251	436	32	,	,	PUNCT
cblr-14251	436	33	analyst	analyst	NOUN
cblr-14251	436	34	recommendations	recommendation	NOUN
cblr-14251	436	35	,	,	PUNCT
cblr-14251	436	36	mutual	mutual	ADJ
cblr-14251	436	37	fund	fund	NOUN
cblr-14251	436	38	herding	herding	NOUN
cblr-14251	436	39	,	,	PUNCT
cblr-14251	436	40	and	and	CCONJ
cblr-14251	436	41	overreaction	overreaction	NOUN
cblr-14251	436	42	in	in	ADP
cblr-14251	436	43	stock	stock	NOUN
cblr-14251	436	44	prices	price	NOUN
cblr-14251	436	45	,	,	PUNCT
cblr-14251	436	46	60	60	NUM
cblr-14251	436	47	mgmt	mgmt	NOUN
cblr-14251	436	48	.	.	PUNCT
cblr-14251	437	1	no	no	INTJ
cblr-14251	437	2	.	.	NOUN
cblr-14251	437	3	1	1	NUM
cblr-14251	437	4	]	]	PUNCT
cblr-14251	437	5	securities	security	NOUN
cblr-14251	437	6	fraud	fraud	NOUN
cblr-14251	437	7	and	and	CCONJ
cblr-14251	437	8	the	the	DET
cblr-14251	437	9	market	market	NOUN
cblr-14251	437	10	for	for	ADP
cblr-14251	437	11	individual	individual	ADJ
cblr-14251	437	12	stocks	stock	NOUN
cblr-14251	437	13	257	257	NUM
cblr-14251	437	14	iii	iii	NOUN
cblr-14251	437	15	.	.	PUNCT
cblr-14251	438	1	the	the	DET
cblr-14251	438	2	market	market	NOUN
cblr-14251	438	3	for	for	ADP
cblr-14251	438	4	individual	individual	ADJ
cblr-14251	438	5	stocks	stock	NOUN
cblr-14251	438	6	understanding	understand	VERB
cblr-14251	438	7	the	the	DET
cblr-14251	438	8	demand	demand	NOUN
cblr-14251	438	9	-	-	PUNCT
cblr-14251	438	10	driven	drive	VERB
cblr-14251	438	11	component	component	NOUN
cblr-14251	438	12	of	of	ADP
cblr-14251	438	13	investor	investor	NOUN
cblr-14251	438	14	decision	decision	NOUN
cblr-14251	438	15	-	-	PUNCT
cblr-14251	438	16	making	make	VERB
cblr-14251	438	17	yields	yield	NOUN
cblr-14251	438	18	fresh	fresh	ADJ
cblr-14251	438	19	insights	insight	NOUN
cblr-14251	438	20	when	when	SCONJ
cblr-14251	438	21	considering	consider	VERB
cblr-14251	438	22	the	the	DET
cblr-14251	438	23	criticisms	criticism	NOUN
cblr-14251	438	24	discussed	discuss	VERB
cblr-14251	438	25	in	in	ADP
cblr-14251	438	26	the	the	DET
cblr-14251	438	27	previous	previous	ADJ
cblr-14251	438	28	section	section	NOUN
cblr-14251	438	29	.	.	PUNCT
cblr-14251	439	1	demand	demand	NOUN
cblr-14251	439	2	may	may	AUX
cblr-14251	439	3	be	be	AUX
cblr-14251	439	4	unrelated	unrelated	ADJ
cblr-14251	439	5	to	to	ADP
cblr-14251	439	6	an	an	DET
cblr-14251	439	7	issuer	issuer	NOUN
cblr-14251	439	8	’s	’s	PART
cblr-14251	439	9	financials	financial	NOUN
cblr-14251	439	10	,	,	PUNCT
cblr-14251	439	11	which	which	PRON
cblr-14251	439	12	makes	make	VERB
cblr-14251	439	13	it	it	PRON
cblr-14251	439	14	difficult	difficult	ADJ
cblr-14251	439	15	and	and	CCONJ
cblr-14251	439	16	potentially	potentially	ADV
cblr-14251	439	17	impossible	impossible	ADJ
cblr-14251	439	18	to	to	PART
cblr-14251	439	19	arbitrage	arbitrage	VERB
cblr-14251	439	20	away	away	ADV
cblr-14251	439	21	.	.	PUNCT
cblr-14251	440	1	demand	demand	NOUN
cblr-14251	440	2	is	be	AUX
cblr-14251	440	3	heterogeneous	heterogeneous	ADJ
cblr-14251	440	4	and	and	CCONJ
cblr-14251	440	5	idiosyncratic	idiosyncratic	ADJ
cblr-14251	440	6	between	between	ADP
cblr-14251	440	7	individual	individual	ADJ
cblr-14251	440	8	investors	investor	NOUN
cblr-14251	440	9	and	and	CCONJ
cblr-14251	440	10	individual	individual	ADJ
cblr-14251	440	11	stocks	stock	NOUN
cblr-14251	440	12	.	.	PUNCT
cblr-14251	441	1	and	and	CCONJ
cblr-14251	441	2	finally	finally	ADV
cblr-14251	441	3	,	,	PUNCT
cblr-14251	441	4	what	what	PRON
cblr-14251	441	5	is	be	AUX
cblr-14251	441	6	perceived	perceive	VERB
cblr-14251	441	7	as	as	ADP
cblr-14251	441	8	“	"	PUNCT
cblr-14251	441	9	cognitive	cognitive	ADJ
cblr-14251	441	10	error	error	NOUN
cblr-14251	441	11	”	"	PUNCT
cblr-14251	441	12	may	may	AUX
cblr-14251	441	13	simply	simply	ADV
cblr-14251	441	14	reflect	reflect	VERB
cblr-14251	441	15	deliberately	deliberately	ADV
cblr-14251	441	16	non“rational	non“rational	ADJ
cblr-14251	441	17	”	"	PUNCT
cblr-14251	441	18	decision	decision	NOUN
cblr-14251	441	19	-	-	PUNCT
cblr-14251	441	20	making	making	NOUN
cblr-14251	441	21	due	due	ADJ
cblr-14251	441	22	to	to	ADP
cblr-14251	441	23	individual	individual	ADJ
cblr-14251	441	24	investor	investor	NOUN
cblr-14251	441	25	preferences	preference	NOUN
cblr-14251	441	26	.	.	PUNCT
cblr-14251	442	1	while	while	SCONJ
cblr-14251	442	2	demand	demand	NOUN
cblr-14251	442	3	-	-	PUNCT
cblr-14251	442	4	driven	drive	VERB
cblr-14251	442	5	investing	investing	NOUN
cblr-14251	442	6	has	have	AUX
cblr-14251	442	7	long	long	ADV
cblr-14251	442	8	been	be	AUX
cblr-14251	442	9	understood	understand	VERB
cblr-14251	442	10	to	to	PART
cblr-14251	442	11	exist	exist	VERB
cblr-14251	442	12	,	,	PUNCT
cblr-14251	442	13	most	most	ADJ
cblr-14251	442	14	commentary	commentary	NOUN
cblr-14251	442	15	has	have	AUX
cblr-14251	442	16	either	either	CCONJ
cblr-14251	442	17	dismissed	dismiss	VERB
cblr-14251	442	18	the	the	DET
cblr-14251	442	19	phenomenon	phenomenon	NOUN
cblr-14251	442	20	as	as	ADP
cblr-14251	442	21	noise	noise	NOUN
cblr-14251	442	22	or	or	CCONJ
cblr-14251	442	23	attempted	attempt	VERB
cblr-14251	442	24	to	to	PART
cblr-14251	442	25	absorb	absorb	VERB
cblr-14251	442	26	it	it	PRON
cblr-14251	442	27	into	into	ADP
cblr-14251	442	28	existing	exist	VERB
cblr-14251	442	29	models	model	NOUN
cblr-14251	442	30	of	of	ADP
cblr-14251	442	31	traditional	traditional	ADJ
cblr-14251	442	32	,	,	PUNCT
cblr-14251	442	33	fundamental	fundamental	ADJ
cblr-14251	442	34	value	value	NOUN
cblr-14251	442	35	-	-	PUNCT
cblr-14251	442	36	based	base	VERB
cblr-14251	442	37	investing	investing	NOUN
cblr-14251	442	38	.	.	PUNCT
cblr-14251	443	1	this	this	DET
cblr-14251	443	2	section	section	NOUN
cblr-14251	443	3	challenges	challenge	VERB
cblr-14251	443	4	that	that	SCONJ
cblr-14251	443	5	understanding	understanding	NOUN
cblr-14251	443	6	and	and	CCONJ
cblr-14251	443	7	argues	argue	VERB
cblr-14251	443	8	that	that	SCONJ
cblr-14251	443	9	demand	demand	NOUN
cblr-14251	443	10	-	-	PUNCT
cblr-14251	443	11	driven	drive	VERB
cblr-14251	443	12	investing	investing	NOUN
cblr-14251	443	13	can	can	AUX
cblr-14251	443	14	create	create	VERB
cblr-14251	443	15	a	a	DET
cblr-14251	443	16	market	market	NOUN
cblr-14251	443	17	for	for	ADP
cblr-14251	443	18	individual	individual	ADJ
cblr-14251	443	19	stocks	stock	NOUN
cblr-14251	443	20	that	that	PRON
cblr-14251	443	21	is	be	AUX
cblr-14251	443	22	distinct	distinct	ADJ
cblr-14251	443	23	from	from	ADP
cblr-14251	443	24	noisy	noisy	ADJ
cblr-14251	443	25	trading	trading	NOUN
cblr-14251	443	26	as	as	ADV
cblr-14251	443	27	well	well	ADV
cblr-14251	443	28	as	as	ADP
cblr-14251	443	29	from	from	ADP
cblr-14251	443	30	fundamental	fundamental	ADJ
cblr-14251	443	31	value	value	NOUN
cblr-14251	443	32	-	-	PUNCT
cblr-14251	443	33	driven	drive	VERB
cblr-14251	443	34	trading	trading	NOUN
cblr-14251	443	35	.	.	PUNCT
cblr-14251	444	1	when	when	SCONJ
cblr-14251	444	2	strong	strong	ADJ
cblr-14251	444	3	enough	enough	ADV
cblr-14251	444	4	,	,	PUNCT
cblr-14251	444	5	individual	individual	ADJ
cblr-14251	444	6	investor	investor	NOUN
cblr-14251	444	7	demand	demand	NOUN
cblr-14251	444	8	can	can	AUX
cblr-14251	444	9	shape	shape	VERB
cblr-14251	444	10	a	a	DET
cblr-14251	444	11	market	market	NOUN
cblr-14251	444	12	for	for	ADP
cblr-14251	444	13	individual	individual	ADJ
cblr-14251	444	14	stocks	stock	NOUN
cblr-14251	444	15	.	.	PUNCT
cblr-14251	445	1	demand	demand	NOUN
cblr-14251	445	2	may	may	AUX
cblr-14251	445	3	cause	cause	VERB
cblr-14251	445	4	stocks	stock	NOUN
cblr-14251	445	5	to	to	PART
cblr-14251	445	6	trade	trade	VERB
cblr-14251	445	7	at	at	ADP
cblr-14251	445	8	a	a	DET
cblr-14251	445	9	premium	premium	NOUN
cblr-14251	445	10	(	(	PUNCT
cblr-14251	445	11	or	or	CCONJ
cblr-14251	445	12	discount	discount	NOUN
cblr-14251	445	13	)	)	PUNCT
cblr-14251	445	14	to	to	ADP
cblr-14251	445	15	the	the	DET
cblr-14251	445	16	price	price	NOUN
cblr-14251	445	17	that	that	PRON
cblr-14251	445	18	would	would	AUX
cblr-14251	445	19	otherwise	otherwise	ADV
cblr-14251	445	20	be	be	AUX
cblr-14251	445	21	dictated	dictate	VERB
cblr-14251	445	22	by	by	ADP
cblr-14251	445	23	their	their	PRON
cblr-14251	445	24	fundamental	fundamental	ADJ
cblr-14251	445	25	value	value	NOUN
cblr-14251	445	26	or	or	CCONJ
cblr-14251	445	27	otherwise	otherwise	ADV
cblr-14251	445	28	lead	lead	VERB
cblr-14251	445	29	to	to	ADP
cblr-14251	445	30	deviations	deviation	NOUN
cblr-14251	445	31	from	from	ADP
cblr-14251	445	32	fundamental	fundamental	ADJ
cblr-14251	445	33	value	value	NOUN
cblr-14251	445	34	.	.	PUNCT
cblr-14251	446	1	demand	demand	NOUN
cblr-14251	446	2	can	can	AUX
cblr-14251	446	3	also	also	ADV
cblr-14251	446	4	shift	shift	VERB
cblr-14251	446	5	the	the	DET
cblr-14251	446	6	behavior	behavior	NOUN
cblr-14251	446	7	of	of	ADP
cblr-14251	446	8	corporations	corporation	NOUN
cblr-14251	446	9	by	by	ADP
cblr-14251	446	10	incentivizing	incentivize	VERB
cblr-14251	446	11	them	they	PRON
cblr-14251	446	12	to	to	PART
cblr-14251	446	13	try	try	VERB
cblr-14251	446	14	and	and	CCONJ
cblr-14251	446	15	galvanize	galvanize	VERB
cblr-14251	446	16	investor	investor	NOUN
cblr-14251	446	17	demand	demand	NOUN
cblr-14251	446	18	through	through	ADP
cblr-14251	446	19	perks	perk	NOUN
cblr-14251	446	20	in	in	ADP
cblr-14251	446	21	the	the	DET
cblr-14251	446	22	same	same	ADJ
cblr-14251	446	23	way	way	NOUN
cblr-14251	446	24	a	a	DET
cblr-14251	446	25	clothing	clothing	NOUN
cblr-14251	446	26	brand	brand	NOUN
cblr-14251	446	27	might	might	AUX
cblr-14251	446	28	hire	hire	VERB
cblr-14251	446	29	a	a	DET
cblr-14251	446	30	celebrity	celebrity	NOUN
cblr-14251	446	31	endorser	endorser	NOUN
cblr-14251	446	32	,	,	PUNCT
cblr-14251	446	33	and	and	CCONJ
cblr-14251	446	34	it	it	PRON
cblr-14251	446	35	can	can	AUX
cblr-14251	446	36	pressure	pressure	VERB
cblr-14251	446	37	institutional	institutional	ADJ
cblr-14251	446	38	investors	investor	NOUN
cblr-14251	446	39	to	to	PART
cblr-14251	446	40	divest	divest	VERB
cblr-14251	446	41	from	from	ADP
cblr-14251	446	42	socially	socially	ADV
cblr-14251	446	43	problematic	problematic	ADJ
cblr-14251	446	44	regions	region	NOUN
cblr-14251	446	45	or	or	CCONJ
cblr-14251	446	46	companies	company	NOUN
cblr-14251	446	47	.	.	PUNCT
cblr-14251	447	1	this	this	DET
cblr-14251	447	2	section	section	NOUN
cblr-14251	447	3	offers	offer	VERB
cblr-14251	447	4	a	a	DET
cblr-14251	447	5	theoretical	theoretical	ADJ
cblr-14251	447	6	framework	framework	NOUN
cblr-14251	447	7	for	for	ADP
cblr-14251	447	8	how	how	SCONJ
cblr-14251	447	9	demand	demand	NOUN
cblr-14251	447	10	-	-	PUNCT
cblr-14251	447	11	driven	drive	VERB
cblr-14251	447	12	investing	investing	NOUN
cblr-14251	447	13	creates	create	VERB
cblr-14251	447	14	a	a	DET
cblr-14251	447	15	market	market	NOUN
cblr-14251	447	16	for	for	ADP
cblr-14251	447	17	individual	individual	ADJ
cblr-14251	447	18	stocks	stock	NOUN
cblr-14251	447	19	.	.	PUNCT
cblr-14251	448	1	part	part	NOUN
cblr-14251	448	2	a	a	DET
cblr-14251	448	3	discusses	discuss	VERB
cblr-14251	448	4	the	the	DET
cblr-14251	448	5	increasing	increase	VERB
cblr-14251	448	6	heterogeneity	heterogeneity	NOUN
cblr-14251	448	7	of	of	ADP
cblr-14251	448	8	information	information	NOUN
cblr-14251	448	9	production	production	NOUN
cblr-14251	448	10	in	in	ADP
cblr-14251	448	11	today	today	NOUN
cblr-14251	448	12	’s	’s	PART
cblr-14251	448	13	stock	stock	NOUN
cblr-14251	448	14	markets	market	NOUN
cblr-14251	448	15	.	.	PUNCT
cblr-14251	449	1	part	part	NOUN
cblr-14251	449	2	b	b	PROPN
cblr-14251	449	3	shows	show	VERB
cblr-14251	449	4	sci	sci	PROPN
cblr-14251	449	5	.	.	PROPN
cblr-14251	449	6	1	1	NUM
cblr-14251	449	7	,	,	PUNCT
cblr-14251	449	8	4	4	NUM
cblr-14251	449	9	(	(	PUNCT
cblr-14251	449	10	2014	2014	NUM
cblr-14251	449	11	)	)	PUNCT
cblr-14251	449	12	(	(	PUNCT
cblr-14251	449	13	showing	show	VERB
cblr-14251	449	14	price	price	NOUN
cblr-14251	449	15	-	-	PUNCT
cblr-14251	449	16	destabilizing	destabilize	VERB
cblr-14251	449	17	effect	effect	NOUN
cblr-14251	449	18	of	of	ADP
cblr-14251	449	19	fund	fund	NOUN
cblr-14251	449	20	managers	manager	NOUN
cblr-14251	449	21	that	that	PRON
cblr-14251	449	22	herd	herd	NOUN
cblr-14251	449	23	in	in	ADP
cblr-14251	449	24	response	response	NOUN
cblr-14251	449	25	to	to	ADP
cblr-14251	449	26	analyst	analyst	NOUN
cblr-14251	449	27	revisions	revision	NOUN
cblr-14251	449	28	due	due	ADP
cblr-14251	449	29	to	to	ADP
cblr-14251	449	30	reputational	reputational	ADJ
cblr-14251	449	31	concerns	concern	NOUN
cblr-14251	449	32	)	)	PUNCT
cblr-14251	449	33	.	.	PUNCT
cblr-14251	450	1	258	258	NUM
cblr-14251	450	2	columbia	columbia	PROPN
cblr-14251	450	3	business	business	NOUN
cblr-14251	450	4	law	law	PROPN
cblr-14251	450	5	review	review	NOUN
cblr-14251	450	6	[	[	X
cblr-14251	450	7	vol	vol	NOUN
cblr-14251	450	8	.	.	PUNCT
cblr-14251	450	9	2025	2025	NUM
cblr-14251	450	10	how	how	SCONJ
cblr-14251	450	11	demand	demand	NOUN
cblr-14251	450	12	-	-	PUNCT
cblr-14251	450	13	driven	drive	VERB
cblr-14251	450	14	factors	factor	NOUN
cblr-14251	450	15	can	can	AUX
cblr-14251	450	16	drive	drive	VERB
cblr-14251	450	17	stock	stock	NOUN
cblr-14251	450	18	price	price	NOUN
cblr-14251	450	19	movements	movement	NOUN
cblr-14251	450	20	.	.	PUNCT
cblr-14251	451	1	part	part	NOUN
cblr-14251	451	2	c	c	PROPN
cblr-14251	451	3	argues	argue	VERB
cblr-14251	451	4	that	that	SCONJ
cblr-14251	451	5	individual	individual	ADJ
cblr-14251	451	6	investor	investor	NOUN
cblr-14251	451	7	demand	demand	NOUN
cblr-14251	451	8	helps	help	VERB
cblr-14251	451	9	create	create	VERB
cblr-14251	451	10	a	a	DET
cblr-14251	451	11	market	market	NOUN
cblr-14251	451	12	for	for	ADP
cblr-14251	451	13	individual	individual	ADJ
cblr-14251	451	14	stocks	stock	NOUN
cblr-14251	451	15	.	.	PUNCT
cblr-14251	452	1	part	part	NOUN
cblr-14251	453	1	d	d	PROPN
cblr-14251	453	2	explores	explore	VERB
cblr-14251	453	3	firm	firm	ADJ
cblr-14251	453	4	responses	response	NOUN
cblr-14251	453	5	and	and	CCONJ
cblr-14251	453	6	competition	competition	NOUN
cblr-14251	453	7	in	in	ADP
cblr-14251	453	8	this	this	DET
cblr-14251	453	9	market	market	NOUN
cblr-14251	453	10	.	.	PUNCT
cblr-14251	454	1	part	part	NOUN
cblr-14251	454	2	e	e	NOUN
cblr-14251	454	3	connects	connect	VERB
cblr-14251	454	4	the	the	DET
cblr-14251	454	5	market	market	NOUN
cblr-14251	454	6	for	for	ADP
cblr-14251	454	7	individual	individual	ADJ
cblr-14251	454	8	stocks	stock	NOUN
cblr-14251	454	9	to	to	ADP
cblr-14251	454	10	the	the	DET
cblr-14251	454	11	heterogeneity	heterogeneity	NOUN
cblr-14251	454	12	of	of	ADP
cblr-14251	454	13	individual	individual	ADJ
cblr-14251	454	14	investors	investor	NOUN
cblr-14251	454	15	.	.	PUNCT
cblr-14251	455	1	a.	a.	NOUN
cblr-14251	456	1	the	the	DET
cblr-14251	456	2	new	new	ADJ
cblr-14251	456	3	information	information	NOUN
cblr-14251	456	4	marketplace	marketplace	NOUN
cblr-14251	456	5	information	information	NOUN
cblr-14251	456	6	generation	generation	NOUN
cblr-14251	456	7	in	in	ADP
cblr-14251	456	8	today	today	NOUN
cblr-14251	456	9	’s	’s	PART
cblr-14251	456	10	stock	stock	NOUN
cblr-14251	456	11	markets	market	NOUN
cblr-14251	456	12	is	be	AUX
cblr-14251	456	13	increasingly	increasingly	ADV
cblr-14251	456	14	decentralized	decentralize	VERB
cblr-14251	456	15	and	and	CCONJ
cblr-14251	456	16	multidirectional	multidirectional	ADJ
cblr-14251	456	17	.	.	PUNCT
cblr-14251	457	1	to	to	ADP
cblr-14251	457	2	the	the	DET
cblr-14251	457	3	extent	extent	NOUN
cblr-14251	457	4	“	"	PUNCT
cblr-14251	457	5	democratization	democratization	NOUN
cblr-14251	457	6	”	"	PUNCT
cblr-14251	457	7	of	of	ADP
cblr-14251	457	8	information	information	NOUN
cblr-14251	457	9	is	be	AUX
cblr-14251	457	10	occurring	occur	VERB
cblr-14251	457	11	,	,	PUNCT
cblr-14251	457	12	it	it	PRON
cblr-14251	457	13	can	can	AUX
cblr-14251	457	14	be	be	AUX
cblr-14251	457	15	thought	think	VERB
cblr-14251	457	16	of	of	ADP
cblr-14251	457	17	as	as	ADP
cblr-14251	457	18	“	"	PUNCT
cblr-14251	457	19	decentralization	decentralization	NOUN
cblr-14251	457	20	”	"	PUNCT
cblr-14251	457	21	of	of	ADP
cblr-14251	457	22	information	information	NOUN
cblr-14251	457	23	production	production	NOUN
cblr-14251	457	24	.	.	PUNCT
cblr-14251	458	1	as	as	SCONJ
cblr-14251	458	2	summarized	summarize	VERB
cblr-14251	458	3	above	above	ADV
cblr-14251	458	4	,	,	PUNCT
cblr-14251	458	5	stock	stock	NOUN
cblr-14251	458	6	market	market	NOUN
cblr-14251	458	7	trading	trading	NOUN
cblr-14251	458	8	is	be	AUX
cblr-14251	458	9	commonly	commonly	ADV
cblr-14251	458	10	divided	divide	VERB
cblr-14251	458	11	into	into	ADP
cblr-14251	458	12	two	two	NUM
cblr-14251	458	13	categories	category	NOUN
cblr-14251	458	14	:	:	PUNCT
cblr-14251	458	15	informed	informed	ADJ
cblr-14251	458	16	and	and	CCONJ
cblr-14251	458	17	uninformed	uninformed	ADJ
cblr-14251	458	18	.	.	PUNCT
cblr-14251	459	1	informed	informed	ADJ
cblr-14251	459	2	trading	trading	NOUN
cblr-14251	459	3	is	be	AUX
cblr-14251	459	4	based	base	VERB
cblr-14251	459	5	on	on	ADP
cblr-14251	459	6	information	information	NOUN
cblr-14251	459	7	relating	relate	VERB
cblr-14251	459	8	to	to	ADP
cblr-14251	459	9	a	a	DET
cblr-14251	459	10	company	company	NOUN
cblr-14251	459	11	’s	’s	PART
cblr-14251	459	12	fundamentals	fundamental	NOUN
cblr-14251	459	13	,	,	PUNCT
cblr-14251	459	14	economic	economic	ADJ
cblr-14251	459	15	data	datum	NOUN
cblr-14251	459	16	,	,	PUNCT
cblr-14251	459	17	and	and	CCONJ
cblr-14251	459	18	so	so	ADV
cblr-14251	459	19	forth	forth	ADV
cblr-14251	459	20	,	,	PUNCT
cblr-14251	459	21	all	all	PRON
cblr-14251	459	22	of	of	ADP
cblr-14251	459	23	which	which	PRON
cblr-14251	459	24	make	make	VERB
cblr-14251	459	25	stock	stock	NOUN
cblr-14251	459	26	prices	price	NOUN
cblr-14251	459	27	more	more	ADJ
cblr-14251	459	28	accurate.123	accurate.123	PROPN
cblr-14251	459	29	uninformed	uninformed	ADJ
cblr-14251	459	30	trading	trading	NOUN
cblr-14251	459	31	is	be	AUX
cblr-14251	459	32	not	not	PART
cblr-14251	459	33	driven	drive	VERB
cblr-14251	459	34	by	by	ADP
cblr-14251	459	35	information.124	information.124	X
cblr-14251	459	36	in	in	ADP
cblr-14251	459	37	this	this	DET
cblr-14251	459	38	framework	framework	NOUN
cblr-14251	459	39	,	,	PUNCT
cblr-14251	459	40	information	information	NOUN
cblr-14251	459	41	is	be	AUX
cblr-14251	459	42	most	most	ADV
cblr-14251	459	43	commonly	commonly	ADV
cblr-14251	459	44	produced	produce	VERB
cblr-14251	459	45	by	by	ADP
cblr-14251	459	46	the	the	DET
cblr-14251	459	47	company	company	NOUN
cblr-14251	459	48	itself	itself	PRON
cblr-14251	459	49	(	(	PUNCT
cblr-14251	459	50	through	through	ADP
cblr-14251	459	51	disclosure	disclosure	NOUN
cblr-14251	459	52	)	)	PUNCT
cblr-14251	459	53	and	and	CCONJ
cblr-14251	459	54	by	by	ADP
cblr-14251	459	55	sophisticated	sophisticated	ADJ
cblr-14251	459	56	market	market	NOUN
cblr-14251	459	57	participants	participant	NOUN
cblr-14251	459	58	,	,	PUNCT
cblr-14251	459	59	often	often	ADV
cblr-14251	459	60	professionals	professional	NOUN
cblr-14251	459	61	who	who	PRON
cblr-14251	459	62	seek	seek	VERB
cblr-14251	459	63	out	out	ADP
cblr-14251	459	64	publicly	publicly	ADV
cblr-14251	459	65	available	available	ADJ
cblr-14251	459	66	information	information	NOUN
cblr-14251	459	67	about	about	ADP
cblr-14251	459	68	an	an	DET
cblr-14251	459	69	issuer	issuer	NOUN
cblr-14251	459	70	.	.	PUNCT
cblr-14251	460	1	in	in	ADP
cblr-14251	460	2	other	other	ADJ
cblr-14251	460	3	words	word	NOUN
cblr-14251	460	4	,	,	PUNCT
cblr-14251	460	5	information	information	NOUN
cblr-14251	460	6	largely	largely	ADV
cblr-14251	460	7	flows	flow	VERB
cblr-14251	460	8	in	in	ADP
cblr-14251	460	9	one	one	NUM
cblr-14251	460	10	direction	direction	NOUN
cblr-14251	460	11	:	:	PUNCT
cblr-14251	460	12	from	from	ADP
cblr-14251	460	13	corporations	corporation	NOUN
cblr-14251	460	14	,	,	PUNCT
cblr-14251	460	15	analysts	analyst	NOUN
cblr-14251	460	16	,	,	PUNCT
cblr-14251	460	17	and	and	CCONJ
cblr-14251	460	18	institutions	institution	NOUN
cblr-14251	460	19	to	to	ADP
cblr-14251	460	20	the	the	DET
cblr-14251	460	21	rest	rest	NOUN
cblr-14251	460	22	of	of	ADP
cblr-14251	460	23	the	the	DET
cblr-14251	460	24	market	market	NOUN
cblr-14251	460	25	.	.	PUNCT
cblr-14251	461	1	other	other	ADJ
cblr-14251	461	2	market	market	NOUN
cblr-14251	461	3	participants	participant	NOUN
cblr-14251	461	4	—	—	PUNCT
cblr-14251	461	5	other	other	ADJ
cblr-14251	461	6	investors	investor	NOUN
cblr-14251	461	7	,	,	PUNCT
cblr-14251	461	8	institutions	institution	NOUN
cblr-14251	461	9	and	and	CCONJ
cblr-14251	461	10	observers	observer	NOUN
cblr-14251	461	11	—	—	PUNCT
cblr-14251	461	12	act	act	VERB
cblr-14251	461	13	as	as	ADP
cblr-14251	461	14	largely	largely	ADV
cblr-14251	461	15	passive	passive	ADJ
cblr-14251	461	16	consumers	consumer	NOUN
cblr-14251	461	17	of	of	ADP
cblr-14251	461	18	information	information	NOUN
cblr-14251	461	19	,	,	PUNCT
cblr-14251	461	20	treating	treat	VERB
cblr-14251	461	21	some	some	PRON
cblr-14251	461	22	as	as	ADV
cblr-14251	461	23	informative	informative	ADJ
cblr-14251	461	24	and	and	CCONJ
cblr-14251	461	25	some	some	PRON
cblr-14251	461	26	as	as	ADV
cblr-14251	461	27	noisy	noisy	ADJ
cblr-14251	461	28	,	,	PUNCT
cblr-14251	461	29	with	with	ADP
cblr-14251	461	30	varying	vary	VERB
cblr-14251	461	31	degrees	degree	NOUN
cblr-14251	461	32	of	of	ADP
cblr-14251	461	33	accuracy	accuracy	NOUN
cblr-14251	461	34	.	.	PUNCT
cblr-14251	462	1	today	today	NOUN
cblr-14251	462	2	,	,	PUNCT
cblr-14251	462	3	this	this	DET
cblr-14251	462	4	unidirectional	unidirectional	ADJ
cblr-14251	462	5	framework	framework	NOUN
cblr-14251	462	6	fails	fail	VERB
cblr-14251	462	7	to	to	PART
cblr-14251	462	8	tell	tell	VERB
cblr-14251	462	9	the	the	DET
cblr-14251	462	10	whole	whole	ADJ
cblr-14251	462	11	story	story	NOUN
cblr-14251	462	12	.	.	PUNCT
cblr-14251	463	1	certainly	certainly	ADV
cblr-14251	463	2	,	,	PUNCT
cblr-14251	463	3	platforms	platform	NOUN
cblr-14251	463	4	to	to	PART
cblr-14251	463	5	disseminate	disseminate	VERB
cblr-14251	463	6	information	information	NOUN
cblr-14251	463	7	still	still	ADV
cblr-14251	463	8	include	include	VERB
cblr-14251	463	9	traditional	traditional	ADJ
cblr-14251	463	10	vehicles	vehicle	NOUN
cblr-14251	463	11	such	such	ADJ
cblr-14251	463	12	as	as	ADP
cblr-14251	463	13	earnings	earning	NOUN
cblr-14251	463	14	calls	call	NOUN
cblr-14251	463	15	,	,	PUNCT
cblr-14251	463	16	disclosure	disclosure	NOUN
cblr-14251	463	17	documents	document	NOUN
cblr-14251	463	18	,	,	PUNCT
cblr-14251	463	19	analyst	analyst	NOUN
cblr-14251	463	20	reports	report	NOUN
cblr-14251	463	21	,	,	PUNCT
cblr-14251	463	22	and	and	CCONJ
cblr-14251	463	23	analyst	analyst	NOUN
cblr-14251	463	24	interviews.125	interviews.125	PROPN
cblr-14251	463	25	yet	yet	CCONJ
cblr-14251	463	26	the	the	DET
cblr-14251	463	27	internet	internet	NOUN
cblr-14251	463	28	and	and	CCONJ
cblr-14251	463	29	social	social	ADJ
cblr-14251	463	30	media	medium	NOUN
cblr-14251	463	31	have	have	AUX
cblr-14251	463	32	vastly	vastly	ADV
cblr-14251	463	33	expanded	expand	VERB
cblr-14251	463	34	sources	source	NOUN
cblr-14251	463	35	and	and	CCONJ
cblr-14251	463	36	123	123	NUM
cblr-14251	463	37	see	see	VERB
cblr-14251	463	38	new	new	ADJ
cblr-14251	463	39	stock	stock	NOUN
cblr-14251	463	40	market	market	NOUN
cblr-14251	463	41	,	,	PUNCT
cblr-14251	463	42	supra	supra	PROPN
cblr-14251	463	43	note	note	PROPN
cblr-14251	463	44	11	11	NUM
cblr-14251	463	45	,	,	PUNCT
cblr-14251	463	46	at	at	ADP
cblr-14251	463	47	60	60	NUM
cblr-14251	463	48	.	.	PUNCT
cblr-14251	464	1	124	124	NUM
cblr-14251	465	1	i	i	PRON
cblr-14251	465	2	d.	d.	PROPN
cblr-14251	465	3	at	at	ADP
cblr-14251	465	4	62	62	NUM
cblr-14251	465	5	.	.	PUNCT
cblr-14251	466	1	125	125	NUM
cblr-14251	466	2	see	see	VERB
cblr-14251	466	3	christine	christine	PROPN
cblr-14251	466	4	hurt	hurt	PROPN
cblr-14251	466	5	,	,	PUNCT
cblr-14251	466	6	socially	socially	ADV
cblr-14251	466	7	acceptable	acceptable	ADJ
cblr-14251	466	8	securities	security	NOUN
cblr-14251	466	9	fraud	fraud	NOUN
cblr-14251	466	10	,	,	PUNCT
cblr-14251	466	11	49	49	NUM
cblr-14251	466	12	j.	j.	PROPN
cblr-14251	466	13	corp	corp	PROPN
cblr-14251	466	14	.	.	PROPN
cblr-14251	466	15	l.	l.	PROPN
cblr-14251	466	16	785	785	NUM
cblr-14251	466	17	,	,	PUNCT
cblr-14251	466	18	786–87	786–87	NUM
cblr-14251	466	19	(	(	PUNCT
cblr-14251	466	20	2024	2024	NUM
cblr-14251	466	21	)	)	PUNCT
cblr-14251	466	22	(	(	PUNCT
cblr-14251	466	23	describing	describe	VERB
cblr-14251	466	24	various	various	ADJ
cblr-14251	466	25	ways	way	NOUN
cblr-14251	466	26	issuers	issuer	NOUN
cblr-14251	466	27	can	can	AUX
cblr-14251	466	28	disseminate	disseminate	VERB
cblr-14251	466	29	information	information	NOUN
cblr-14251	466	30	)	)	PUNCT
cblr-14251	466	31	.	.	PUNCT
cblr-14251	467	1	no	no	INTJ
cblr-14251	467	2	.	.	NOUN
cblr-14251	467	3	1	1	NUM
cblr-14251	467	4	]	]	PUNCT
cblr-14251	467	5	securities	security	NOUN
cblr-14251	467	6	fraud	fraud	NOUN
cblr-14251	467	7	and	and	CCONJ
cblr-14251	467	8	the	the	DET
cblr-14251	467	9	market	market	NOUN
cblr-14251	467	10	for	for	ADP
cblr-14251	467	11	individual	individual	ADJ
cblr-14251	467	12	stocks	stock	NOUN
cblr-14251	467	13	259	259	NUM
cblr-14251	467	14	accessibility	accessibility	NOUN
cblr-14251	467	15	of	of	ADP
cblr-14251	467	16	information.126	information.126	NOUN
cblr-14251	467	17	for	for	ADP
cblr-14251	467	18	example	example	NOUN
cblr-14251	467	19	,	,	PUNCT
cblr-14251	467	20	retail	retail	ADJ
cblr-14251	467	21	traders	trader	NOUN
cblr-14251	467	22	commonly	commonly	ADV
cblr-14251	467	23	look	look	VERB
cblr-14251	467	24	to	to	ADP
cblr-14251	467	25	peer	peer	NOUN
cblr-14251	467	26	-	-	PUNCT
cblr-14251	467	27	to	to	ADP
cblr-14251	467	28	-	-	PUNCT
cblr-14251	467	29	peer	peer	NOUN
cblr-14251	467	30	online	online	ADJ
cblr-14251	467	31	social	social	ADJ
cblr-14251	467	32	platforms	platform	NOUN
cblr-14251	467	33	for	for	ADP
cblr-14251	467	34	investing	invest	VERB
cblr-14251	467	35	information	information	NOUN
cblr-14251	467	36	,	,	PUNCT
cblr-14251	467	37	including	include	VERB
cblr-14251	467	38	social	social	ADJ
cblr-14251	467	39	media	medium	NOUN
cblr-14251	467	40	,	,	PUNCT
cblr-14251	467	41	discussion	discussion	NOUN
cblr-14251	467	42	fora	fora	PROPN
cblr-14251	467	43	,	,	PUNCT
cblr-14251	467	44	other	other	ADJ
cblr-14251	467	45	retail	retail	ADJ
cblr-14251	467	46	traders	trader	NOUN
cblr-14251	467	47	,	,	PUNCT
cblr-14251	467	48	and	and	CCONJ
cblr-14251	467	49	finfluencers	finfluencer	NOUN
cblr-14251	467	50	—	—	PUNCT
cblr-14251	467	51	social	social	ADJ
cblr-14251	467	52	media	medium	NOUN
cblr-14251	467	53	influencers	influencer	NOUN
cblr-14251	467	54	who	who	PRON
cblr-14251	467	55	disseminate	disseminate	VERB
cblr-14251	467	56	financial	financial	ADJ
cblr-14251	467	57	information.127	information.127	ADJ
cblr-14251	467	58	social	social	ADJ
cblr-14251	467	59	media	medium	NOUN
cblr-14251	467	60	platforms	platform	NOUN
cblr-14251	467	61	such	such	ADJ
cblr-14251	467	62	as	as	ADP
cblr-14251	467	63	reddit	reddit	NOUN
cblr-14251	467	64	,	,	PUNCT
cblr-14251	467	65	youtube	youtube	NOUN
cblr-14251	467	66	,	,	PUNCT
cblr-14251	467	67	and	and	CCONJ
cblr-14251	467	68	tiktok	tiktok	NOUN
cblr-14251	467	69	and	and	CCONJ
cblr-14251	467	70	websites	website	NOUN
cblr-14251	467	71	such	such	ADJ
cblr-14251	467	72	as	as	ADP
cblr-14251	467	73	seeking	seek	VERB
cblr-14251	467	74	alpha	alpha	NOUN
cblr-14251	467	75	mediate	mediate	ADJ
cblr-14251	467	76	information	information	NOUN
cblr-14251	467	77	for	for	ADP
cblr-14251	467	78	retail	retail	ADJ
cblr-14251	467	79	investors,128	investors,128	ADP
cblr-14251	467	80	increasingly	increasingly	ADV
cblr-14251	467	81	replacing	replace	VERB
cblr-14251	467	82	traditional	traditional	ADJ
cblr-14251	467	83	sources	source	NOUN
cblr-14251	467	84	like	like	ADP
cblr-14251	467	85	sell	sell	NOUN
cblr-14251	467	86	-	-	PUNCT
cblr-14251	467	87	side	side	NOUN
cblr-14251	467	88	equity	equity	NOUN
cblr-14251	467	89	analysts.129	analysts.129	ADP
cblr-14251	467	90	one	one	NUM
cblr-14251	467	91	study	study	NOUN
cblr-14251	467	92	found	find	VERB
cblr-14251	467	93	that	that	SCONJ
cblr-14251	467	94	a	a	DET
cblr-14251	467	95	majority	majority	NOUN
cblr-14251	467	96	of	of	ADP
cblr-14251	467	97	gen	gen	PROPN
cblr-14251	467	98	z	z	PROPN
cblr-14251	467	99	and	and	CCONJ
cblr-14251	467	100	millennials	millennial	NOUN
cblr-14251	467	101	say	say	VERB
cblr-14251	467	102	they	they	PRON
cblr-14251	467	103	receive	receive	VERB
cblr-14251	467	104	financial	financial	ADJ
cblr-14251	467	105	advice	advice	NOUN
cblr-14251	467	106	from	from	ADP
cblr-14251	467	107	sites	site	NOUN
cblr-14251	467	108	such	such	ADJ
cblr-14251	467	109	as	as	ADP
cblr-14251	467	110	tiktok	tiktok	NOUN
cblr-14251	467	111	and	and	CCONJ
cblr-14251	467	112	instagram	instagram	PROPN
cblr-14251	467	113	,	,	PUNCT
cblr-14251	467	114	many	many	ADJ
cblr-14251	467	115	of	of	ADP
cblr-14251	467	116	whom	whom	PRON
cblr-14251	467	117	also	also	ADV
cblr-14251	467	118	depend	depend	VERB
cblr-14251	467	119	on	on	ADP
cblr-14251	467	120	finfluencers	finfluencer	NOUN
cblr-14251	467	121	for	for	ADP
cblr-14251	467	122	financial	financial	ADJ
cblr-14251	467	123	advice.130	advice.130	PROPN
cblr-14251	467	124	as	as	ADP
cblr-14251	467	125	a	a	DET
cblr-14251	467	126	result	result	NOUN
cblr-14251	467	127	,	,	PUNCT
cblr-14251	467	128	information	information	NOUN
cblr-14251	467	129	is	be	AUX
cblr-14251	467	130	increasingly	increasingly	ADV
cblr-14251	467	131	produced	produce	VERB
cblr-14251	467	132	in	in	ADP
cblr-14251	467	133	multidirectional	multidirectional	ADJ
cblr-14251	467	134	ways	way	NOUN
cblr-14251	467	135	.	.	PUNCT
cblr-14251	468	1	consumers	consumer	NOUN
cblr-14251	468	2	of	of	ADP
cblr-14251	468	3	information	information	NOUN
cblr-14251	468	4	can	can	AUX
cblr-14251	468	5	also	also	ADV
cblr-14251	468	6	126	126	NUM
cblr-14251	468	7	see	see	VERB
cblr-14251	468	8	i	i	PROPN
cblr-14251	468	9	d.	d.	PROPN
cblr-14251	468	10	;	;	PUNCT
cblr-14251	468	11	guan	guan	PROPN
cblr-14251	468	12	,	,	PUNCT
cblr-14251	468	13	supra	supra	PROPN
cblr-14251	468	14	note	note	PROPN
cblr-14251	468	15	43	43	NUM
cblr-14251	468	16	,	,	PUNCT
cblr-14251	468	17	at	at	ADP
cblr-14251	468	18	2060–72	2060–72	NUM
cblr-14251	468	19	;	;	PUNCT
cblr-14251	468	20	guan	guan	PROPN
cblr-14251	468	21	,	,	PUNCT
cblr-14251	468	22	supra	supra	PROPN
cblr-14251	468	23	note	note	VERB
cblr-14251	468	24	50	50	NUM
cblr-14251	468	25	,	,	PUNCT
cblr-14251	468	26	at	at	ADP
cblr-14251	468	27	497–508	497–508	NUM
cblr-14251	468	28	.	.	PUNCT
cblr-14251	469	1	127	127	NUM
cblr-14251	469	2	see	see	VERB
cblr-14251	469	3	guan	guan	PROPN
cblr-14251	469	4	,	,	PUNCT
cblr-14251	469	5	supra	supra	PROPN
cblr-14251	469	6	note	note	VERB
cblr-14251	469	7	50	50	NUM
cblr-14251	469	8	,	,	PUNCT
cblr-14251	469	9	at	at	ADP
cblr-14251	469	10	497–508	497–508	NUM
cblr-14251	469	11	.	.	PUNCT
cblr-14251	470	1	128	128	NUM
cblr-14251	470	2	see	see	VERB
cblr-14251	470	3	hailiang	hailiang	PROPN
cblr-14251	470	4	chen	chen	PROPN
cblr-14251	470	5	et	et	PROPN
cblr-14251	470	6	al	al	PROPN
cblr-14251	470	7	.	.	PROPN
cblr-14251	470	8	,	,	PUNCT
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cblr-14251	470	10	of	of	ADP
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cblr-14251	470	12	:	:	PUNCT
cblr-14251	470	13	the	the	DET
cblr-14251	470	14	value	value	NOUN
cblr-14251	470	15	of	of	ADP
cblr-14251	470	16	stock	stock	NOUN
cblr-14251	470	17	opinions	opinion	NOUN
cblr-14251	470	18	transmitted	transmit	VERB
cblr-14251	470	19	through	through	ADP
cblr-14251	470	20	social	social	ADJ
cblr-14251	470	21	media	medium	NOUN
cblr-14251	470	22	,	,	PUNCT
cblr-14251	470	23	27	27	NUM
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cblr-14251	470	25	.	.	PROPN
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cblr-14251	470	27	.	.	PUNCT
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cblr-14251	470	29	.	.	PUNCT
cblr-14251	471	1	1367	1367	NUM
cblr-14251	471	2	,	,	PUNCT
cblr-14251	471	3	1386	1386	NUM
cblr-14251	471	4	(	(	PUNCT
cblr-14251	471	5	2014	2014	NUM
cblr-14251	471	6	)	)	PUNCT
cblr-14251	472	1	(	(	PUNCT
cblr-14251	472	2	considering	consider	VERB
cblr-14251	472	3	social	social	ADJ
cblr-14251	472	4	media	medium	NOUN
cblr-14251	472	5	investing	invest	VERB
cblr-14251	472	6	sources	source	NOUN
cblr-14251	472	7	)	)	PUNCT
cblr-14251	472	8	.	.	PUNCT
cblr-14251	473	1	129	129	NUM
cblr-14251	473	2	see	see	VERB
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cblr-14251	473	6	et	et	PROPN
cblr-14251	474	1	al	al	PROPN
cblr-14251	474	2	.	.	PROPN
cblr-14251	474	3	,	,	PUNCT
cblr-14251	474	4	social	social	ADJ
cblr-14251	474	5	media	medium	NOUN
cblr-14251	474	6	analysts	analyst	NOUN
cblr-14251	474	7	and	and	CCONJ
cblr-14251	474	8	sell	sell	NOUN
cblr-14251	474	9	-	-	PUNCT
cblr-14251	474	10	side	side	NOUN
cblr-14251	474	11	analyst	analyst	NOUN
cblr-14251	474	12	research	research	NOUN
cblr-14251	474	13	,	,	PUNCT
cblr-14251	474	14	27	27	NUM
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cblr-14251	475	2	.	.	PUNCT
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cblr-14251	476	1	(	(	PUNCT
cblr-14251	476	2	manuscript	manuscript	NOUN
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cblr-14251	476	4	1	1	NUM
cblr-14251	476	5	,	,	PUNCT
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cblr-14251	476	8	http://www.utahwac.org/2020/papers/moon_uwac.pdf	http://www.utahwac.org/2020/papers/moon_uwac.pdf	NOUN
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cblr-14251	477	4	(	(	PUNCT
cblr-14251	477	5	examining	examine	VERB
cblr-14251	477	6	social	social	ADJ
cblr-14251	477	7	media	medium	NOUN
cblr-14251	477	8	’s	’s	PART
cblr-14251	477	9	“	"	PUNCT
cblr-14251	477	10	evolving	evolve	VERB
cblr-14251	477	11	role	role	NOUN
cblr-14251	477	12	”	"	PUNCT
cblr-14251	477	13	in	in	ADP
cblr-14251	477	14	markets	market	NOUN
cblr-14251	477	15	and	and	CCONJ
cblr-14251	477	16	social	social	ADJ
cblr-14251	477	17	media	medium	NOUN
cblr-14251	477	18	equity	equity	NOUN
cblr-14251	477	19	research	research	PROPN
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cblr-14251	477	21	impact	impact	NOUN
cblr-14251	477	22	on	on	ADP
cblr-14251	477	23	sell	sell	NOUN
cblr-14251	477	24	-	-	PUNCT
cblr-14251	477	25	side	side	NOUN
cblr-14251	477	26	equity	equity	NOUN
cblr-14251	477	27	research	research	NOUN
cblr-14251	477	28	)	)	PUNCT
cblr-14251	477	29	;	;	PUNCT
cblr-14251	477	30	see	see	VERB
cblr-14251	477	31	also	also	ADV
cblr-14251	477	32	theresa	theresa	PROPN
cblr-14251	477	33	kuchler	kuchler	PROPN
cblr-14251	477	34	&	&	CCONJ
cblr-14251	477	35	johannes	johannes	PROPN
cblr-14251	477	36	stroebel	stroebel	PROPN
cblr-14251	477	37	,	,	PUNCT
cblr-14251	477	38	social	social	ADJ
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cblr-14251	477	40	,	,	PUNCT
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cblr-14251	479	2	.	.	PUNCT
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cblr-14251	480	2	.	.	PUNCT
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cblr-14251	481	4	(	(	PUNCT
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cblr-14251	481	7	(	(	PUNCT
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cblr-14251	481	11	between	between	ADP
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cblr-14251	481	14	and	and	CCONJ
cblr-14251	481	15	financial	financial	ADJ
cblr-14251	481	16	decisions	decision	NOUN
cblr-14251	481	17	)	)	PUNCT
cblr-14251	481	18	;	;	PUNCT
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cblr-14251	481	20	chartier	chartier	PROPN
cblr-14251	481	21	et	et	PROPN
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cblr-14251	481	26	finance	finance	NOUN
cblr-14251	481	27	:	:	PUNCT
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cblr-14251	481	29	impact	impact	NOUN
cblr-14251	481	30	of	of	ADP
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cblr-14251	481	32	intelligence	intelligence	NOUN
cblr-14251	481	33	and	and	CCONJ
cblr-14251	481	34	social	social	ADJ
cblr-14251	481	35	media	medium	NOUN
cblr-14251	481	36	analytics	analytic	NOUN
cblr-14251	481	37	2–3	2–3	NUM
cblr-14251	481	38	(	(	PUNCT
cblr-14251	481	39	feb	feb	PROPN
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cblr-14251	481	41	27	27	NUM
cblr-14251	481	42	,	,	PUNCT
cblr-14251	481	43	2021	2021	NUM
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cblr-14251	481	45	(	(	PUNCT
cblr-14251	481	46	unpublished	unpublished	ADJ
cblr-14251	481	47	manuscript	manuscript	NOUN
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cblr-14251	481	49	,	,	PUNCT
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cblr-14251	482	2	https://perma.cc/f8pehl3e	https://perma.cc/f8pehl3e	X
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cblr-14251	482	4	(	(	PUNCT
cblr-14251	482	5	evaluating	evaluate	VERB
cblr-14251	482	6	social	social	ADJ
cblr-14251	482	7	media	medium	NOUN
cblr-14251	482	8	influencers	influencer	NOUN
cblr-14251	482	9	in	in	ADP
cblr-14251	482	10	the	the	DET
cblr-14251	482	11	stock	stock	NOUN
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cblr-14251	482	14	.	.	PUNCT
cblr-14251	483	1	130	130	NUM
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cblr-14251	483	6	tiktok	tiktok	NOUN
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cblr-14251	483	11	advice	advice	NOUN
cblr-14251	483	12	and	and	CCONJ
cblr-14251	483	13	actually	actually	ADV
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cblr-14251	484	17	“	"	PUNCT
cblr-14251	484	18	81	81	NUM
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cblr-14251	484	26	have	have	AUX
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cblr-14251	484	29	recommendation	recommendation	NOUN
cblr-14251	484	30	or	or	CCONJ
cblr-14251	484	31	decision	decision	NOUN
cblr-14251	484	32	after	after	ADP
cblr-14251	484	33	initially	initially	ADV
cblr-14251	484	34	sourcing	source	VERB
cblr-14251	484	35	information	information	NOUN
cblr-14251	484	36	on	on	ADP
cblr-14251	484	37	digital	digital	ADJ
cblr-14251	484	38	or	or	CCONJ
cblr-14251	484	39	social	social	ADJ
cblr-14251	484	40	media	medium	NOUN
cblr-14251	484	41	.	.	PUNCT
cblr-14251	484	42	.	.	PUNCT
cblr-14251	484	43	.	.	PUNCT
cblr-14251	485	1	[	[	X
cblr-14251	485	2	and	and	CCONJ
cblr-14251	485	3	]	]	PUNCT
cblr-14251	485	4	88	88	NUM
cblr-14251	485	5	%	%	NOUN
cblr-14251	485	6	have	have	AUX
cblr-14251	485	7	investigated	investigate	VERB
cblr-14251	485	8	a	a	DET
cblr-14251	485	9	company	company	NOUN
cblr-14251	485	10	based	base	VERB
cblr-14251	485	11	on	on	ADP
cblr-14251	485	12	information	information	NOUN
cblr-14251	485	13	posted	post	VERB
cblr-14251	485	14	on	on	ADP
cblr-14251	485	15	digital	digital	ADJ
cblr-14251	485	16	or	or	CCONJ
cblr-14251	485	17	social	social	ADJ
cblr-14251	485	18	media	medium	NOUN
cblr-14251	485	19	”	"	PUNCT
cblr-14251	485	20	)	)	PUNCT
cblr-14251	485	21	(	(	PUNCT
cblr-14251	485	22	citing	cite	VERB
cblr-14251	485	23	2023	2023	NUM
cblr-14251	485	24	digital	digital	ADJ
cblr-14251	485	25	investor	investor	NOUN
cblr-14251	485	26	survey	survey	NOUN
cblr-14251	485	27	:	:	PUNCT
cblr-14251	485	28	the	the	DET
cblr-14251	485	29	age	age	NOUN
cblr-14251	485	30	of	of	ADP
cblr-14251	485	31	information	information	NOUN
cblr-14251	485	32	without	without	ADP
cblr-14251	485	33	limitation	limitation	NOUN
cblr-14251	485	34	,	,	PUNCT
cblr-14251	485	35	brunswick	brunswick	PROPN
cblr-14251	485	36	grp	grp	PROPN
cblr-14251	485	37	.	.	PROPN
cblr-14251	485	38	,	,	PUNCT
cblr-14251	485	39	https://www.brunswickgroup.com/media/10867/brunswick-digital-investor-survey2023-summary.pdf	https://www.brunswickgroup.com/media/10867/brunswick-digital-investor-survey2023-summary.pdf	PROPN
cblr-14251	485	40	[	[	X
cblr-14251	485	41	https://perma.cc/4aye-ss75	https://perma.cc/4aye-ss75	PROPN
cblr-14251	485	42	]	]	PUNCT
cblr-14251	485	43	)	)	PUNCT
cblr-14251	485	44	.	.	PUNCT
cblr-14251	486	1	260	260	NUM
cblr-14251	486	2	columbia	columbia	PROPN
cblr-14251	486	3	business	business	NOUN
cblr-14251	486	4	law	law	PROPN
cblr-14251	486	5	review	review	NOUN
cblr-14251	486	6	[	[	X
cblr-14251	486	7	vol	vol	NOUN
cblr-14251	486	8	.	.	PUNCT
cblr-14251	486	9	2025	2025	NUM
cblr-14251	486	10	become	become	VERB
cblr-14251	486	11	producers	producer	NOUN
cblr-14251	486	12	of	of	ADP
cblr-14251	486	13	information	information	NOUN
cblr-14251	486	14	for	for	ADP
cblr-14251	486	15	others	other	NOUN
cblr-14251	486	16	.	.	PUNCT
cblr-14251	487	1	trading	trading	NOUN
cblr-14251	487	2	platforms	platform	NOUN
cblr-14251	487	3	like	like	ADP
cblr-14251	487	4	commonstock	commonstock	NOUN
cblr-14251	487	5	,	,	PUNCT
cblr-14251	487	6	public	public	ADJ
cblr-14251	487	7	,	,	PUNCT
cblr-14251	487	8	and	and	CCONJ
cblr-14251	487	9	zulutrade	zulutrade	ADJ
cblr-14251	487	10	encourage	encourage	VERB
cblr-14251	487	11	this	this	PRON
cblr-14251	487	12	as	as	ADV
cblr-14251	487	13	well	well	ADV
cblr-14251	487	14	.	.	PUNCT
cblr-14251	488	1	by	by	ADP
cblr-14251	488	2	allowing	allow	VERB
cblr-14251	488	3	retail	retail	ADJ
cblr-14251	488	4	investors	investor	NOUN
cblr-14251	488	5	to	to	PART
cblr-14251	488	6	form	form	VERB
cblr-14251	488	7	communities	community	NOUN
cblr-14251	488	8	,	,	PUNCT
cblr-14251	488	9	they	they	PRON
cblr-14251	488	10	encourage	encourage	VERB
cblr-14251	488	11	social	social	ADJ
cblr-14251	488	12	trading	trading	NOUN
cblr-14251	488	13	and	and	CCONJ
cblr-14251	488	14	the	the	DET
cblr-14251	488	15	mimicking	mimicking	NOUN
cblr-14251	488	16	of	of	ADP
cblr-14251	488	17	others	other	NOUN
cblr-14251	488	18	’	'	PUNCT
cblr-14251	488	19	trades	trade	NOUN
cblr-14251	488	20	,	,	PUNCT
cblr-14251	488	21	typically	typically	ADV
cblr-14251	488	22	through	through	ADP
cblr-14251	488	23	seamless	seamless	ADJ
cblr-14251	488	24	“	"	PUNCT
cblr-14251	488	25	copy	copy	VERB
cblr-14251	488	26	trading	trading	NOUN
cblr-14251	488	27	”	"	PUNCT
cblr-14251	488	28	or	or	CCONJ
cblr-14251	488	29	“	"	PUNCT
cblr-14251	488	30	mirror	mirror	NOUN
cblr-14251	488	31	trading	trading	NOUN
cblr-14251	488	32	.	.	PUNCT
cblr-14251	488	33	”131	”131	PUNCT
cblr-14251	489	1	unlike	unlike	ADP
cblr-14251	489	2	traditional	traditional	ADJ
cblr-14251	489	3	investment	investment	NOUN
cblr-14251	489	4	platforms	platform	NOUN
cblr-14251	489	5	,	,	PUNCT
cblr-14251	489	6	these	these	DET
cblr-14251	489	7	trading	trading	NOUN
cblr-14251	489	8	platforms	platform	NOUN
cblr-14251	489	9	foster	foster	VERB
cblr-14251	489	10	direct	direct	ADJ
cblr-14251	489	11	information	information	NOUN
cblr-14251	489	12	exchange	exchange	NOUN
cblr-14251	489	13	and	and	CCONJ
cblr-14251	489	14	feedback	feedback	NOUN
cblr-14251	489	15	,	,	PUNCT
cblr-14251	489	16	allowing	allow	VERB
cblr-14251	489	17	millions	million	NOUN
cblr-14251	489	18	of	of	ADP
cblr-14251	489	19	retail	retail	ADJ
cblr-14251	489	20	investors	investor	NOUN
cblr-14251	489	21	to	to	PART
cblr-14251	489	22	connect	connect	VERB
cblr-14251	489	23	with	with	ADP
cblr-14251	489	24	each	each	DET
cblr-14251	489	25	other	other	ADJ
cblr-14251	489	26	and	and	CCONJ
cblr-14251	489	27	with	with	ADP
cblr-14251	489	28	finfluencers.132	finfluencers.132	PROPN
cblr-14251	489	29	trading	trading	NOUN
cblr-14251	489	30	platforms	platform	NOUN
cblr-14251	489	31	also	also	ADV
cblr-14251	489	32	encourage	encourage	VERB
cblr-14251	489	33	retail	retail	ADJ
cblr-14251	489	34	information	information	NOUN
cblr-14251	489	35	production	production	NOUN
cblr-14251	489	36	in	in	ADP
cblr-14251	489	37	more	more	ADV
cblr-14251	489	38	subtle	subtle	ADJ
cblr-14251	489	39	ways	way	NOUN
cblr-14251	489	40	.	.	PUNCT
cblr-14251	490	1	for	for	ADP
cblr-14251	490	2	example	example	NOUN
cblr-14251	490	3	,	,	PUNCT
cblr-14251	490	4	retail	retail	ADJ
cblr-14251	490	5	investors	investor	NOUN
cblr-14251	490	6	often	often	ADV
cblr-14251	490	7	buy	buy	VERB
cblr-14251	490	8	stocks	stock	NOUN
cblr-14251	490	9	based	base	VERB
cblr-14251	490	10	on	on	ADP
cblr-14251	490	11	robinhood	robinhood	PROPN
cblr-14251	490	12	’s	’s	PART
cblr-14251	490	13	list	list	NOUN
cblr-14251	490	14	of	of	ADP
cblr-14251	490	15	its	its	PRON
cblr-14251	490	16	one	one	NUM
cblr-14251	490	17	hundred	hundred	NUM
cblr-14251	490	18	most	most	ADV
cblr-14251	490	19	popular	popular	ADJ
cblr-14251	490	20	stocks	stock	NOUN
cblr-14251	490	21	,	,	PUNCT
cblr-14251	490	22	in	in	ADP
cblr-14251	490	23	essence	essence	NOUN
cblr-14251	490	24	copying	copy	VERB
cblr-14251	490	25	other	other	ADJ
cblr-14251	490	26	robinhood	robinhood	PROPN
cblr-14251	490	27	users	user	NOUN
cblr-14251	490	28	’	'	PUNCT
cblr-14251	490	29	trades.133	trades.133	NOUN
cblr-14251	490	30	this	this	DET
cblr-14251	490	31	highlights	highlight	NOUN
cblr-14251	490	32	an	an	DET
cblr-14251	490	33	important	important	ADJ
cblr-14251	490	34	point	point	NOUN
cblr-14251	490	35	:	:	PUNCT
cblr-14251	490	36	market	market	NOUN
cblr-14251	490	37	participants	participant	NOUN
cblr-14251	490	38	previously	previously	ADV
cblr-14251	490	39	deemed	deem	VERB
cblr-14251	490	40	passive	passive	ADJ
cblr-14251	490	41	information	information	NOUN
cblr-14251	490	42	recipients	recipient	NOUN
cblr-14251	490	43	increasingly	increasingly	ADV
cblr-14251	490	44	and	and	CCONJ
cblr-14251	490	45	persistently	persistently	ADV
cblr-14251	490	46	produce	produce	VERB
cblr-14251	490	47	information.134	information.134	PROPN
cblr-14251	490	48	as	as	SCONJ
cblr-14251	490	49	i	i	PRON
cblr-14251	490	50	have	have	AUX
cblr-14251	490	51	developed	develop	VERB
cblr-14251	490	52	in	in	ADP
cblr-14251	490	53	other	other	ADJ
cblr-14251	490	54	work	work	NOUN
cblr-14251	490	55	,	,	PUNCT
cblr-14251	490	56	finfluencers	finfluencer	NOUN
cblr-14251	490	57	present	present	VERB
cblr-14251	490	58	a	a	DET
cblr-14251	490	59	stark	stark	ADJ
cblr-14251	490	60	example	example	NOUN
cblr-14251	490	61	of	of	ADP
cblr-14251	490	62	this.135	this.135	NOUN
cblr-14251	490	63	various	various	ADJ
cblr-14251	490	64	types	type	NOUN
cblr-14251	490	65	of	of	ADP
cblr-14251	490	66	finfluencers	finfluencer	NOUN
cblr-14251	490	67	pervade	pervade	VERB
cblr-14251	490	68	today	today	NOUN
cblr-14251	490	69	’s	’s	PART
cblr-14251	490	70	markets	market	NOUN
cblr-14251	490	71	,	,	PUNCT
cblr-14251	490	72	including	include	VERB
cblr-14251	490	73	celebrities	celebrity	NOUN
cblr-14251	490	74	(	(	PUNCT
cblr-14251	490	75	e.g.	e.g.	ADV
cblr-14251	490	76	,	,	PUNCT
cblr-14251	490	77	kim	kim	PROPN
cblr-14251	490	78	kardashian	kardashian	PROPN
cblr-14251	490	79	)	)	PUNCT
cblr-14251	490	80	,	,	PUNCT
cblr-14251	490	81	131	131	NUM
cblr-14251	490	82	see	see	VERB
cblr-14251	490	83	dirk	dirk	PROPN
cblr-14251	490	84	a.	a.	PROPN
cblr-14251	490	85	zetzsche	zetzsche	PROPN
cblr-14251	490	86	et	et	PROPN
cblr-14251	490	87	al	al	PROPN
cblr-14251	490	88	.	.	PROPN
cblr-14251	490	89	,	,	PUNCT
cblr-14251	490	90	from	from	ADP
cblr-14251	490	91	fintech	fintech	NOUN
cblr-14251	490	92	to	to	ADP
cblr-14251	490	93	techfin	techfin	NOUN
cblr-14251	490	94	:	:	PUNCT
cblr-14251	490	95	the	the	DET
cblr-14251	490	96	regulatory	regulatory	ADJ
cblr-14251	490	97	challenges	challenge	NOUN
cblr-14251	490	98	of	of	ADP
cblr-14251	490	99	data	data	NOUN
cblr-14251	490	100	-	-	PUNCT
cblr-14251	490	101	driven	drive	VERB
cblr-14251	490	102	finance	finance	NOUN
cblr-14251	490	103	,	,	PUNCT
cblr-14251	490	104	14	14	NUM
cblr-14251	490	105	n.y.u	n.y.u	NOUN
cblr-14251	490	106	.	.	PUNCT
cblr-14251	491	1	j.l	j.l	PROPN
cblr-14251	491	2	.	.	PROPN
cblr-14251	491	3	&	&	CCONJ
cblr-14251	491	4	bus	bus	PROPN
cblr-14251	491	5	.	.	PUNCT
cblr-14251	492	1	393	393	NUM
cblr-14251	492	2	,	,	PUNCT
cblr-14251	492	3	417	417	NUM
cblr-14251	492	4	(	(	PUNCT
cblr-14251	492	5	2018	2018	NUM
cblr-14251	492	6	)	)	PUNCT
cblr-14251	492	7	(	(	PUNCT
cblr-14251	492	8	evaluating	evaluate	VERB
cblr-14251	492	9	customer	customer	NOUN
cblr-14251	492	10	engagement	engagement	NOUN
cblr-14251	492	11	opportunities	opportunity	NOUN
cblr-14251	492	12	on	on	ADP
cblr-14251	492	13	newer	new	ADJ
cblr-14251	492	14	financial	financial	ADJ
cblr-14251	492	15	platforms	platform	NOUN
cblr-14251	492	16	)	)	PUNCT
cblr-14251	492	17	;	;	PUNCT
cblr-14251	492	18	jiaying	jiaying	PROPN
cblr-14251	492	19	deng	deng	PROPN
cblr-14251	492	20	et	et	PROPN
cblr-14251	492	21	al	al	PROPN
cblr-14251	492	22	.	.	PROPN
cblr-14251	492	23	,	,	PUNCT
cblr-14251	492	24	social	social	ADJ
cblr-14251	492	25	trading	trading	NOUN
cblr-14251	492	26	,	,	PUNCT
cblr-14251	492	27	communication	communication	NOUN
cblr-14251	492	28	,	,	PUNCT
cblr-14251	492	29	and	and	CCONJ
cblr-14251	492	30	networks	network	VERB
cblr-14251	492	31	1–2	1–2	NUM
cblr-14251	492	32	(	(	PUNCT
cblr-14251	492	33	paderborn	paderborn	PROPN
cblr-14251	492	34	univ	univ	PROPN
cblr-14251	492	35	.	.	PUNCT
cblr-14251	493	1	ctr	ctr	PROPN
cblr-14251	493	2	.	.	PUNCT
cblr-14251	494	1	for	for	ADP
cblr-14251	494	2	tax	tax	NOUN
cblr-14251	494	3	&	&	CCONJ
cblr-14251	494	4	acct	acct	NOUN
cblr-14251	494	5	.	.	PUNCT
cblr-14251	495	1	rsch	rsch	PROPN
cblr-14251	495	2	.	.	PUNCT
cblr-14251	495	3	,	,	PUNCT
cblr-14251	495	4	taxation	taxation	NOUN
cblr-14251	495	5	,	,	PUNCT
cblr-14251	495	6	acct	acct	NOUN
cblr-14251	495	7	.	.	PUNCT
cblr-14251	495	8	&	&	CCONJ
cblr-14251	495	9	fin	fin	PROPN
cblr-14251	495	10	.	.	PUNCT
cblr-14251	496	1	working	work	VERB
cblr-14251	496	2	paper	paper	NOUN
cblr-14251	496	3	,	,	PUNCT
cblr-14251	496	4	paper	paper	NOUN
cblr-14251	496	5	no	no	NOUN
cblr-14251	496	6	.	.	PROPN
cblr-14251	496	7	74	74	NUM
cblr-14251	496	8	,	,	PUNCT
cblr-14251	496	9	2022	2022	NUM
cblr-14251	496	10	)	)	PUNCT
cblr-14251	496	11	,	,	PUNCT
cblr-14251	496	12	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3802038	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3802038	PROPN
cblr-14251	497	1	[	[	X
cblr-14251	497	2	https://perma.cc/k6c5-5w2e	https://perma.cc/k6c5-5w2e	NOUN
cblr-14251	497	3	]	]	PUNCT
cblr-14251	497	4	(	(	PUNCT
cblr-14251	497	5	discussing	discuss	VERB
cblr-14251	497	6	“	"	PUNCT
cblr-14251	497	7	copy	copy	VERB
cblr-14251	497	8	trading	trading	NOUN
cblr-14251	497	9	”	"	PUNCT
cblr-14251	497	10	and	and	CCONJ
cblr-14251	497	11	“	"	PUNCT
cblr-14251	497	12	mirror	mirror	NOUN
cblr-14251	497	13	trading	trading	NOUN
cblr-14251	497	14	,	,	PUNCT
cblr-14251	497	15	”	"	PUNCT
cblr-14251	497	16	where	where	SCONJ
cblr-14251	497	17	investors	investor	NOUN
cblr-14251	497	18	to	to	PART
cblr-14251	497	19	link	link	VERB
cblr-14251	497	20	their	their	PRON
cblr-14251	497	21	accounts	account	NOUN
cblr-14251	497	22	to	to	ADP
cblr-14251	497	23	other	other	ADJ
cblr-14251	497	24	investors	investor	NOUN
cblr-14251	497	25	)	)	PUNCT
cblr-14251	497	26	.	.	PUNCT
cblr-14251	498	1	132	132	NUM
cblr-14251	498	2	deng	deng	PROPN
cblr-14251	498	3	,	,	PUNCT
cblr-14251	498	4	supra	supra	PROPN
cblr-14251	498	5	note	note	PROPN
cblr-14251	498	6	131	131	NUM
cblr-14251	498	7	,	,	PUNCT
cblr-14251	498	8	at	at	ADP
cblr-14251	498	9	2	2	NUM
cblr-14251	498	10	.	.	NUM
cblr-14251	498	11	133	133	NUM
cblr-14251	498	12	robinhood	robinhood	PROPN
cblr-14251	498	13	users	user	NOUN
cblr-14251	498	14	have	have	AUX
cblr-14251	498	15	been	be	AUX
cblr-14251	498	16	shown	show	VERB
cblr-14251	498	17	to	to	PART
cblr-14251	498	18	be	be	AUX
cblr-14251	498	19	five	five	NUM
cblr-14251	498	20	to	to	PART
cblr-14251	498	21	seven	seven	NUM
cblr-14251	498	22	times	time	NOUN
cblr-14251	498	23	more	more	ADV
cblr-14251	498	24	likely	likely	ADJ
cblr-14251	498	25	to	to	PART
cblr-14251	498	26	buy	buy	VERB
cblr-14251	498	27	stocks	stock	NOUN
cblr-14251	498	28	just	just	ADV
cblr-14251	498	29	added	add	VERB
cblr-14251	498	30	to	to	ADP
cblr-14251	498	31	robinhood	robinhood	PROPN
cblr-14251	498	32	’s	’s	PART
cblr-14251	498	33	“	"	PUNCT
cblr-14251	498	34	top	top	ADJ
cblr-14251	498	35	100	100	NUM
cblr-14251	498	36	”	"	PUNCT
cblr-14251	498	37	list	list	NOUN
cblr-14251	498	38	.	.	PUNCT
cblr-14251	499	1	see	see	VERB
cblr-14251	499	2	roberto	roberto	PROPN
cblr-14251	499	3	stein	stein	PROPN
cblr-14251	499	4	,	,	PUNCT
cblr-14251	499	5	the	the	DET
cblr-14251	499	6	top	top	ADJ
cblr-14251	499	7	5	5	NUM
cblr-14251	499	8	predictable	predictable	ADJ
cblr-14251	499	9	effects	effect	NOUN
cblr-14251	499	10	of	of	ADP
cblr-14251	499	11	new	new	ADJ
cblr-14251	499	12	entries	entry	NOUN
cblr-14251	499	13	in	in	ADP
cblr-14251	499	14	robinhood	robinhood	PROPN
cblr-14251	499	15	’s	’s	PART
cblr-14251	499	16	‘	'	PUNCT
cblr-14251	499	17	100	100	NUM
cblr-14251	499	18	most	most	ADV
cblr-14251	499	19	popular	popular	ADJ
cblr-14251	499	20	’	'	PUNCT
cblr-14251	499	21	list	list	NOUN
cblr-14251	499	22	1	1	NUM
cblr-14251	499	23	(	(	PUNCT
cblr-14251	499	24	sept	sept	PROPN
cblr-14251	499	25	.	.	PROPN
cblr-14251	499	26	17	17	NUM
cblr-14251	499	27	,	,	PUNCT
cblr-14251	499	28	2020	2020	NUM
cblr-14251	499	29	)	)	PUNCT
cblr-14251	499	30	(	(	PUNCT
cblr-14251	499	31	unpublished	unpublished	ADJ
cblr-14251	499	32	manuscript	manuscript	NOUN
cblr-14251	499	33	)	)	PUNCT
cblr-14251	499	34	,	,	PUNCT
cblr-14251	499	35	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3694588	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3694588	X
cblr-14251	500	1	[	[	X
cblr-14251	500	2	https://perma.cc/zu3u-37l2	https://perma.cc/zu3u-37l2	X
cblr-14251	500	3	]	]	X
cblr-14251	500	4	.	.	PUNCT
cblr-14251	501	1	134	134	NUM
cblr-14251	501	2	see	see	VERB
cblr-14251	501	3	guan	guan	PROPN
cblr-14251	501	4	,	,	PUNCT
cblr-14251	501	5	supra	supra	PROPN
cblr-14251	501	6	note	note	VERB
cblr-14251	501	7	50	50	NUM
cblr-14251	501	8	,	,	PUNCT
cblr-14251	501	9	at	at	ADP
cblr-14251	501	10	497–530	497–530	NUM
cblr-14251	501	11	(	(	PUNCT
cblr-14251	501	12	demonstrating	demonstrate	VERB
cblr-14251	501	13	how	how	SCONJ
cblr-14251	501	14	finfluencers	finfluencer	NOUN
cblr-14251	501	15	produce	produce	VERB
cblr-14251	501	16	information	information	NOUN
cblr-14251	501	17	and	and	CCONJ
cblr-14251	501	18	impact	impact	NOUN
cblr-14251	501	19	price	price	NOUN
cblr-14251	501	20	discovery	discovery	NOUN
cblr-14251	501	21	as	as	ADP
cblr-14251	501	22	a	a	DET
cblr-14251	501	23	result	result	NOUN
cblr-14251	501	24	)	)	PUNCT
cblr-14251	501	25	;	;	PUNCT
cblr-14251	501	26	hurt	hurt	VERB
cblr-14251	501	27	,	,	PUNCT
cblr-14251	501	28	supra	supra	PROPN
cblr-14251	501	29	note	note	NOUN
cblr-14251	501	30	125	125	NUM
cblr-14251	501	31	,	,	PUNCT
cblr-14251	501	32	at	at	ADP
cblr-14251	501	33	803	803	NUM
cblr-14251	501	34	(	(	PUNCT
cblr-14251	501	35	explaining	explain	VERB
cblr-14251	501	36	that	that	SCONJ
cblr-14251	501	37	today	today	NOUN
cblr-14251	501	38	,	,	PUNCT
cblr-14251	501	39	“	"	PUNCT
cblr-14251	501	40	marketplace	marketplace	NOUN
cblr-14251	501	41	speech	speech	NOUN
cblr-14251	501	42	,	,	PUNCT
cblr-14251	501	43	which	which	PRON
cblr-14251	501	44	takes	take	VERB
cblr-14251	501	45	place	place	NOUN
cblr-14251	501	46	outside	outside	ADP
cblr-14251	501	47	of	of	ADP
cblr-14251	501	48	traditional	traditional	ADJ
cblr-14251	501	49	sec	sec	PROPN
cblr-14251	501	50	filings	filing	NOUN
cblr-14251	501	51	and	and	CCONJ
cblr-14251	501	52	press	press	NOUN
cblr-14251	501	53	releases	release	NOUN
cblr-14251	501	54	,	,	PUNCT
cblr-14251	501	55	can	can	AUX
cblr-14251	501	56	be	be	AUX
cblr-14251	501	57	interactive	interactive	ADJ
cblr-14251	501	58	,	,	PUNCT
cblr-14251	501	59	community	community	NOUN
cblr-14251	501	60	-	-	PUNCT
cblr-14251	501	61	based	base	VERB
cblr-14251	501	62	,	,	PUNCT
cblr-14251	501	63	and	and	CCONJ
cblr-14251	501	64	produced	produce	VERB
cblr-14251	501	65	by	by	ADP
cblr-14251	501	66	anyone	anyone	PRON
cblr-14251	501	67	,	,	PUNCT
cblr-14251	501	68	from	from	ADP
cblr-14251	501	69	professional	professional	ADJ
cblr-14251	501	70	investment	investment	NOUN
cblr-14251	501	71	advisors	advisor	NOUN
cblr-14251	501	72	to	to	ADP
cblr-14251	501	73	anonymous	anonymous	ADJ
cblr-14251	501	74	agents	agent	NOUN
cblr-14251	501	75	of	of	ADP
cblr-14251	501	76	chaos	chaos	NOUN
cblr-14251	501	77	”	"	PUNCT
cblr-14251	501	78	)	)	PUNCT
cblr-14251	501	79	.	.	PUNCT
cblr-14251	502	1	135	135	NUM
cblr-14251	502	2	guan	guan	PROPN
cblr-14251	502	3	,	,	PUNCT
cblr-14251	502	4	supra	supra	PROPN
cblr-14251	502	5	note	note	VERB
cblr-14251	502	6	50	50	NUM
cblr-14251	502	7	,	,	PUNCT
cblr-14251	502	8	at	at	ADP
cblr-14251	502	9	497–530	497–530	NUM
cblr-14251	502	10	.	.	PUNCT
cblr-14251	503	1	no	no	INTJ
cblr-14251	503	2	.	.	NOUN
cblr-14251	503	3	1	1	NUM
cblr-14251	503	4	]	]	PUNCT
cblr-14251	503	5	securities	security	NOUN
cblr-14251	503	6	fraud	fraud	NOUN
cblr-14251	503	7	and	and	CCONJ
cblr-14251	503	8	the	the	DET
cblr-14251	503	9	market	market	NOUN
cblr-14251	503	10	for	for	ADP
cblr-14251	503	11	individual	individual	ADJ
cblr-14251	503	12	stocks	stock	NOUN
cblr-14251	503	13	261	261	NUM
cblr-14251	503	14	corporate	corporate	ADJ
cblr-14251	503	15	personalities	personality	NOUN
cblr-14251	503	16	(	(	PUNCT
cblr-14251	503	17	e.g.	e.g.	ADV
cblr-14251	503	18	,	,	PUNCT
cblr-14251	503	19	elon	elon	PROPN
cblr-14251	503	20	musk	musk	PROPN
cblr-14251	503	21	or	or	CCONJ
cblr-14251	503	22	ryan	ryan	PROPN
cblr-14251	503	23	cohen	cohen	PROPN
cblr-14251	503	24	)	)	PUNCT
cblr-14251	503	25	,	,	PUNCT
cblr-14251	503	26	and	and	CCONJ
cblr-14251	503	27	ordinary	ordinary	ADJ
cblr-14251	503	28	investors	investor	NOUN
cblr-14251	503	29	who	who	PRON
cblr-14251	503	30	cultivate	cultivate	VERB
cblr-14251	503	31	social	social	ADJ
cblr-14251	503	32	media	medium	NOUN
cblr-14251	503	33	followings	following	NOUN
cblr-14251	503	34	on	on	ADP
cblr-14251	503	35	youtube	youtube	NOUN
cblr-14251	503	36	,	,	PUNCT
cblr-14251	503	37	tiktok	tiktok	ADJ
cblr-14251	503	38	,	,	PUNCT
cblr-14251	503	39	and	and	CCONJ
cblr-14251	503	40	other	other	ADJ
cblr-14251	503	41	platforms.136	platforms.136	NOUN
cblr-14251	503	42	these	these	DET
cblr-14251	503	43	finfluencers	finfluencer	NOUN
cblr-14251	503	44	differ	differ	VERB
cblr-14251	503	45	from	from	ADP
cblr-14251	503	46	traditional	traditional	ADJ
cblr-14251	503	47	financial	financial	ADJ
cblr-14251	503	48	professionals	professional	NOUN
cblr-14251	503	49	and	and	CCONJ
cblr-14251	503	50	analysts	analyst	NOUN
cblr-14251	503	51	.	.	PUNCT
cblr-14251	504	1	instead	instead	ADV
cblr-14251	504	2	,	,	PUNCT
cblr-14251	504	3	retail	retail	ADJ
cblr-14251	504	4	investors	investor	NOUN
cblr-14251	504	5	comprise	comprise	VERB
cblr-14251	504	6	the	the	DET
cblr-14251	504	7	majority	majority	NOUN
cblr-14251	504	8	of	of	ADP
cblr-14251	504	9	their	their	PRON
cblr-14251	504	10	audience	audience	NOUN
cblr-14251	504	11	,	,	PUNCT
cblr-14251	504	12	and	and	CCONJ
cblr-14251	504	13	their	their	PRON
cblr-14251	504	14	message	message	NOUN
cblr-14251	504	15	,	,	PUNCT
cblr-14251	504	16	if	if	SCONJ
cblr-14251	504	17	they	they	PRON
cblr-14251	504	18	have	have	VERB
cblr-14251	504	19	one	one	NUM
cblr-14251	504	20	,	,	PUNCT
cblr-14251	504	21	often	often	ADV
cblr-14251	504	22	seeks	seek	VERB
cblr-14251	504	23	to	to	PART
cblr-14251	504	24	“	"	PUNCT
cblr-14251	504	25	democratize	democratize	VERB
cblr-14251	504	26	”	"	PUNCT
cblr-14251	504	27	finance	finance	NOUN
cblr-14251	504	28	or	or	CCONJ
cblr-14251	504	29	equalize	equalize	VERB
cblr-14251	504	30	access	access	NOUN
cblr-14251	504	31	to	to	ADP
cblr-14251	504	32	financial	financial	ADJ
cblr-14251	504	33	information	information	NOUN
cblr-14251	504	34	.	.	PUNCT
cblr-14251	505	1	and	and	CCONJ
cblr-14251	505	2	,	,	PUNCT
cblr-14251	505	3	due	due	ADP
cblr-14251	505	4	to	to	ADP
cblr-14251	505	5	their	their	PRON
cblr-14251	505	6	social	social	ADJ
cblr-14251	505	7	media	medium	NOUN
cblr-14251	505	8	influence	influence	NOUN
cblr-14251	505	9	,	,	PUNCT
cblr-14251	505	10	finfluencers	finfluencer	NOUN
cblr-14251	505	11	post	post	VERB
cblr-14251	505	12	(	(	PUNCT
cblr-14251	505	13	not	not	PART
cblr-14251	505	14	necessarily	necessarily	ADV
cblr-14251	505	15	about	about	ADP
cblr-14251	505	16	financials	financial	NOUN
cblr-14251	505	17	)	)	PUNCT
cblr-14251	505	18	,	,	PUNCT
cblr-14251	505	19	their	their	PRON
cblr-14251	505	20	followers	follower	NOUN
cblr-14251	505	21	trade	trade	VERB
cblr-14251	505	22	,	,	PUNCT
cblr-14251	505	23	and	and	CCONJ
cblr-14251	505	24	stock	stock	NOUN
cblr-14251	505	25	prices	price	NOUN
cblr-14251	505	26	move	move	VERB
cblr-14251	505	27	.	.	PUNCT
cblr-14251	506	1	in	in	ADP
cblr-14251	506	2	doing	do	VERB
cblr-14251	506	3	so	so	ADV
cblr-14251	506	4	,	,	PUNCT
cblr-14251	506	5	these	these	DET
cblr-14251	506	6	market	market	NOUN
cblr-14251	506	7	participants	participant	NOUN
cblr-14251	506	8	-	-	PUNCT
cblr-14251	506	9	turned	turn	VERB
cblr-14251	506	10	-	-	PUNCT
cblr-14251	506	11	information	information	NOUN
cblr-14251	506	12	producers	producer	NOUN
cblr-14251	506	13	can	can	AUX
cblr-14251	506	14	shape	shape	VERB
cblr-14251	506	15	individual	individual	ADJ
cblr-14251	506	16	investors	investor	NOUN
cblr-14251	506	17	’	'	PUNCT
cblr-14251	506	18	demand	demand	NOUN
cblr-14251	506	19	for	for	ADP
cblr-14251	506	20	stocks	stock	NOUN
cblr-14251	506	21	in	in	ADP
cblr-14251	506	22	ways	way	NOUN
cblr-14251	506	23	unrelated	unrelated	ADJ
cblr-14251	506	24	to	to	ADP
cblr-14251	506	25	seeking	seek	VERB
cblr-14251	506	26	out	out	ADP
cblr-14251	506	27	particular	particular	ADJ
cblr-14251	506	28	financial	financial	ADJ
cblr-14251	506	29	risk	risk	NOUN
cblr-14251	506	30	and	and	CCONJ
cblr-14251	506	31	return	return	VERB
cblr-14251	506	32	characteristics	characteristic	NOUN
cblr-14251	506	33	.	.	PUNCT
cblr-14251	507	1	they	they	PRON
cblr-14251	507	2	can	can	AUX
cblr-14251	507	3	shape	shape	VERB
cblr-14251	507	4	and	and	CCONJ
cblr-14251	507	5	influence	influence	VERB
cblr-14251	507	6	personal	personal	ADJ
cblr-14251	507	7	utility	utility	NOUN
cblr-14251	507	8	for	for	ADP
cblr-14251	507	9	stocks	stock	NOUN
cblr-14251	507	10	along	along	ADP
cblr-14251	507	11	non	non	ADJ
cblr-14251	507	12	-	-	ADJ
cblr-14251	507	13	financial	financial	ADJ
cblr-14251	507	14	characteristics	characteristic	NOUN
cblr-14251	507	15	,	,	PUNCT
cblr-14251	507	16	from	from	ADP
cblr-14251	507	17	cultural	cultural	ADJ
cblr-14251	507	18	preferences	preference	NOUN
cblr-14251	507	19	to	to	ADP
cblr-14251	507	20	simple	simple	ADJ
cblr-14251	507	21	hype	hype	NOUN
cblr-14251	507	22	—	—	PUNCT
cblr-14251	507	23	as	as	SCONJ
cblr-14251	507	24	one	one	PRON
cblr-14251	507	25	might	might	AUX
cblr-14251	507	26	see	see	VERB
cblr-14251	507	27	more	more	ADV
cblr-14251	507	28	commonly	commonly	ADV
cblr-14251	507	29	in	in	ADP
cblr-14251	507	30	the	the	DET
cblr-14251	507	31	market	market	NOUN
cblr-14251	507	32	for	for	ADP
cblr-14251	507	33	consumer	consumer	NOUN
cblr-14251	507	34	goods	good	NOUN
cblr-14251	507	35	and	and	CCONJ
cblr-14251	507	36	services	service	NOUN
cblr-14251	507	37	.	.	PUNCT
cblr-14251	508	1	b.	b.	PROPN
cblr-14251	508	2	demand	demand	NOUN
cblr-14251	508	3	-	-	PUNCT
cblr-14251	508	4	driven	drive	VERB
cblr-14251	508	5	price	price	NOUN
cblr-14251	508	6	discovery	discovery	NOUN
cblr-14251	508	7	demand	demand	NOUN
cblr-14251	508	8	-	-	PUNCT
cblr-14251	508	9	driven	drive	VERB
cblr-14251	508	10	factors	factor	NOUN
cblr-14251	508	11	can	can	AUX
cblr-14251	508	12	be	be	AUX
cblr-14251	508	13	important	important	ADJ
cblr-14251	508	14	determinants	determinant	NOUN
cblr-14251	508	15	of	of	ADP
cblr-14251	508	16	stock	stock	NOUN
cblr-14251	508	17	price	price	NOUN
cblr-14251	508	18	movements	movement	NOUN
cblr-14251	508	19	.	.	PUNCT
cblr-14251	509	1	to	to	PART
cblr-14251	509	2	understand	understand	VERB
cblr-14251	509	3	this	this	PRON
cblr-14251	509	4	,	,	PUNCT
cblr-14251	509	5	consider	consider	VERB
cblr-14251	509	6	the	the	DET
cblr-14251	509	7	following	follow	VERB
cblr-14251	509	8	example	example	NOUN
cblr-14251	509	9	:	:	PUNCT
cblr-14251	509	10	imagine	imagine	VERB
cblr-14251	509	11	a	a	DET
cblr-14251	509	12	hypothetical	hypothetical	ADJ
cblr-14251	509	13	company	company	NOUN
cblr-14251	509	14	that	that	PRON
cblr-14251	509	15	manufactures	manufacture	VERB
cblr-14251	509	16	sustainable	sustainable	ADJ
cblr-14251	509	17	clothing	clothing	NOUN
cblr-14251	509	18	.	.	PUNCT
cblr-14251	510	1	the	the	DET
cblr-14251	510	2	company	company	NOUN
cblr-14251	510	3	is	be	AUX
cblr-14251	510	4	fictionally	fictionally	ADV
cblr-14251	510	5	called	call	VERB
cblr-14251	510	6	nostalgiable	nostalgiable	ADJ
cblr-14251	510	7	(	(	PUNCT
cblr-14251	510	8	a	a	DET
cblr-14251	510	9	combination	combination	NOUN
cblr-14251	510	10	of	of	ADP
cblr-14251	510	11	the	the	DET
cblr-14251	510	12	word	word	NOUN
cblr-14251	510	13	“	"	PUNCT
cblr-14251	510	14	nostalgia	nostalgia	NOUN
cblr-14251	510	15	”	"	PUNCT
cblr-14251	510	16	and	and	CCONJ
cblr-14251	510	17	the	the	DET
cblr-14251	510	18	suffix	suffix	ADJ
cblr-14251	510	19	“	"	PUNCT
cblr-14251	510	20	-able	-able	NOUN
cblr-14251	510	21	”	"	PUNCT
cblr-14251	510	22	)	)	PUNCT
cblr-14251	510	23	.	.	PUNCT
cblr-14251	511	1	the	the	DET
cblr-14251	511	2	company	company	NOUN
cblr-14251	511	3	’s	’s	PART
cblr-14251	511	4	founder	founder	NOUN
cblr-14251	511	5	and	and	CCONJ
cblr-14251	511	6	ceo	ceo	NOUN
cblr-14251	511	7	is	be	AUX
cblr-14251	511	8	a	a	DET
cblr-14251	511	9	former	former	ADJ
cblr-14251	511	10	youtube	youtube	NOUN
cblr-14251	511	11	sensation	sensation	NOUN
cblr-14251	511	12	who	who	PRON
cblr-14251	511	13	became	become	VERB
cblr-14251	511	14	famous	famous	ADJ
cblr-14251	511	15	for	for	ADP
cblr-14251	511	16	her	her	PRON
cblr-14251	511	17	videos	video	NOUN
cblr-14251	511	18	of	of	ADP
cblr-14251	511	19	homemade	homemade	ADJ
cblr-14251	511	20	hand	hand	NOUN
cblr-14251	511	21	-	-	PUNCT
cblr-14251	511	22	sewn	sew	VERB
cblr-14251	511	23	clothes	clothe	NOUN
cblr-14251	511	24	on	on	ADP
cblr-14251	511	25	youtube	youtube	NOUN
cblr-14251	511	26	.	.	PUNCT
cblr-14251	512	1	the	the	DET
cblr-14251	512	2	clothing	clothing	NOUN
cblr-14251	512	3	is	be	AUX
cblr-14251	512	4	marketed	market	VERB
cblr-14251	512	5	as	as	ADP
cblr-14251	512	6	“	"	PUNCT
cblr-14251	512	7	nostalgic	nostalgic	ADJ
cblr-14251	512	8	,	,	PUNCT
cblr-14251	512	9	sustainable	sustainable	ADJ
cblr-14251	512	10	creations	creation	NOUN
cblr-14251	512	11	made	make	VERB
cblr-14251	512	12	from	from	ADP
cblr-14251	512	13	organic	organic	ADJ
cblr-14251	512	14	,	,	PUNCT
cblr-14251	512	15	recycled	recycle	VERB
cblr-14251	512	16	materials	material	NOUN
cblr-14251	512	17	that	that	PRON
cblr-14251	512	18	celebrate	celebrate	VERB
cblr-14251	512	19	our	our	PRON
cblr-14251	512	20	shared	share	VERB
cblr-14251	512	21	love	love	NOUN
cblr-14251	512	22	of	of	ADP
cblr-14251	512	23	the	the	DET
cblr-14251	512	24	planet	planet	NOUN
cblr-14251	512	25	.	.	PUNCT
cblr-14251	512	26	”	"	PUNCT
cblr-14251	513	1	nostalgiable	nostalgiable	ADJ
cblr-14251	513	2	is	be	AUX
cblr-14251	513	3	publicly	publicly	ADV
cblr-14251	513	4	-	-	PUNCT
cblr-14251	513	5	traded	trade	VERB
cblr-14251	513	6	and	and	CCONJ
cblr-14251	513	7	its	its	PRON
cblr-14251	513	8	share	share	NOUN
cblr-14251	513	9	price	price	NOUN
cblr-14251	513	10	is	be	AUX
cblr-14251	513	11	currently	currently	ADV
cblr-14251	513	12	$	$	SYM
cblr-14251	513	13	15	15	NUM
cblr-14251	513	14	.	.	PUNCT
cblr-14251	514	1	a	a	DET
cblr-14251	514	2	conventional	conventional	ADJ
cblr-14251	514	3	discounted	discount	VERB
cblr-14251	514	4	cash	cash	NOUN
cblr-14251	514	5	flow	flow	NOUN
cblr-14251	514	6	analysis	analysis	NOUN
cblr-14251	514	7	prices	price	NOUN
cblr-14251	514	8	the	the	DET
cblr-14251	514	9	stock	stock	NOUN
cblr-14251	514	10	at	at	ADP
cblr-14251	514	11	$	$	SYM
cblr-14251	514	12	13	13	NUM
cblr-14251	514	13	per	per	ADP
cblr-14251	514	14	share	share	NOUN
cblr-14251	514	15	,	,	PUNCT
cblr-14251	514	16	indicating	indicate	VERB
cblr-14251	514	17	that	that	SCONJ
cblr-14251	514	18	the	the	DET
cblr-14251	514	19	stock	stock	NOUN
cblr-14251	514	20	is	be	AUX
cblr-14251	514	21	overvalued	overvalue	VERB
cblr-14251	514	22	based	base	VERB
cblr-14251	514	23	on	on	ADP
cblr-14251	514	24	traditional	traditional	ADJ
cblr-14251	514	25	metrics	metric	NOUN
cblr-14251	514	26	.	.	PUNCT
cblr-14251	515	1	136	136	NUM
cblr-14251	516	1	i	i	PRON
cblr-14251	516	2	d.	d.	VERB
cblr-14251	516	3	at	at	ADP
cblr-14251	516	4	497–508	497–508	NUM
cblr-14251	516	5	.	.	PUNCT
cblr-14251	517	1	262	262	NUM
cblr-14251	517	2	columbia	columbia	PROPN
cblr-14251	517	3	business	business	NOUN
cblr-14251	517	4	law	law	PROPN
cblr-14251	517	5	review	review	NOUN
cblr-14251	517	6	[	[	X
cblr-14251	517	7	vol	vol	NOUN
cblr-14251	517	8	.	.	PUNCT
cblr-14251	517	9	2025	2025	NUM
cblr-14251	517	10	now	now	ADV
cblr-14251	517	11	imagine	imagine	VERB
cblr-14251	517	12	that	that	SCONJ
cblr-14251	517	13	a	a	DET
cblr-14251	517	14	well	well	ADV
cblr-14251	517	15	-	-	PUNCT
cblr-14251	517	16	known	know	VERB
cblr-14251	517	17	esg	esg	PROPN
cblr-14251	517	18	-	-	PUNCT
cblr-14251	517	19	focused	focus	VERB
cblr-14251	517	20	index	index	NOUN
cblr-14251	517	21	announces	announce	VERB
cblr-14251	517	22	that	that	SCONJ
cblr-14251	517	23	nostalgiable	nostalgiable	NOUN
cblr-14251	517	24	will	will	AUX
cblr-14251	517	25	be	be	AUX
cblr-14251	517	26	added	add	VERB
cblr-14251	517	27	to	to	ADP
cblr-14251	517	28	the	the	DET
cblr-14251	517	29	index	index	NOUN
cblr-14251	517	30	at	at	ADP
cblr-14251	517	31	the	the	DET
cblr-14251	517	32	end	end	NOUN
cblr-14251	517	33	of	of	ADP
cblr-14251	517	34	the	the	DET
cblr-14251	517	35	month	month	NOUN
cblr-14251	517	36	.	.	PUNCT
cblr-14251	518	1	esg	esg	PROPN
cblr-14251	518	2	-	-	PUNCT
cblr-14251	518	3	focused	focus	VERB
cblr-14251	518	4	investors	investor	NOUN
cblr-14251	518	5	respond	respond	VERB
cblr-14251	518	6	and	and	CCONJ
cblr-14251	518	7	purchase	purchase	VERB
cblr-14251	518	8	the	the	DET
cblr-14251	518	9	stock	stock	NOUN
cblr-14251	518	10	.	.	PUNCT
cblr-14251	519	1	the	the	DET
cblr-14251	519	2	resulting	result	VERB
cblr-14251	519	3	buying	buying	NOUN
cblr-14251	519	4	pressure	pressure	NOUN
cblr-14251	519	5	moves	move	VERB
cblr-14251	519	6	the	the	DET
cblr-14251	519	7	share	share	NOUN
cblr-14251	519	8	price	price	NOUN
cblr-14251	519	9	up	up	ADP
cblr-14251	519	10	to	to	PART
cblr-14251	519	11	$	$	SYM
cblr-14251	519	12	17	17	NUM
cblr-14251	519	13	from	from	ADP
cblr-14251	519	14	$	$	SYM
cblr-14251	519	15	15	15	NUM
cblr-14251	519	16	.	.	PUNCT
cblr-14251	520	1	this	this	PRON
cblr-14251	520	2	is	be	AUX
cblr-14251	520	3	not	not	PART
cblr-14251	520	4	unrealistic	unrealistic	ADJ
cblr-14251	520	5	.	.	PUNCT
cblr-14251	521	1	evidence	evidence	NOUN
cblr-14251	521	2	has	have	AUX
cblr-14251	521	3	repeatedly	repeatedly	ADV
cblr-14251	521	4	demonstrated	demonstrate	VERB
cblr-14251	521	5	outsize	outsize	ADJ
cblr-14251	521	6	positive	positive	ADJ
cblr-14251	521	7	returns	return	NOUN
cblr-14251	521	8	when	when	SCONJ
cblr-14251	521	9	a	a	DET
cblr-14251	521	10	company	company	NOUN
cblr-14251	521	11	is	be	AUX
cblr-14251	521	12	added	add	VERB
cblr-14251	521	13	to	to	ADP
cblr-14251	521	14	an	an	DET
cblr-14251	521	15	index	index	NOUN
cblr-14251	521	16	,	,	PUNCT
cblr-14251	521	17	and	and	CCONJ
cblr-14251	521	18	conversely	conversely	ADV
cblr-14251	521	19	,	,	PUNCT
cblr-14251	521	20	outsize	outsize	ADJ
cblr-14251	521	21	negative	negative	ADJ
cblr-14251	521	22	impact	impact	NOUN
cblr-14251	521	23	when	when	SCONJ
cblr-14251	521	24	a	a	DET
cblr-14251	521	25	company	company	NOUN
cblr-14251	521	26	is	be	AUX
cblr-14251	521	27	removed	remove	VERB
cblr-14251	521	28	from	from	ADP
cblr-14251	521	29	an	an	DET
cblr-14251	521	30	index.137	index.137	NOUN
cblr-14251	521	31	imagine	imagine	VERB
cblr-14251	521	32	further	far	ADV
cblr-14251	521	33	that	that	SCONJ
cblr-14251	521	34	an	an	DET
cblr-14251	521	35	influential	influential	ADJ
cblr-14251	521	36	celebrity	celebrity	NOUN
cblr-14251	521	37	like	like	ADP
cblr-14251	521	38	taylor	taylor	PROPN
cblr-14251	521	39	swift	swift	NOUN
cblr-14251	521	40	is	be	AUX
cblr-14251	521	41	seen	see	VERB
cblr-14251	521	42	wearing	wear	VERB
cblr-14251	521	43	nostalgiable	nostalgiable	ADJ
cblr-14251	521	44	’s	’s	PART
cblr-14251	521	45	clothing	clothing	NOUN
cblr-14251	521	46	.	.	PUNCT
cblr-14251	522	1	swift	swift	PROPN
cblr-14251	522	2	’s	’s	PART
cblr-14251	522	3	influence	influence	NOUN
cblr-14251	522	4	might	might	AUX
cblr-14251	522	5	have	have	VERB
cblr-14251	522	6	two	two	NUM
cblr-14251	522	7	effects	effect	NOUN
cblr-14251	522	8	.	.	PUNCT
cblr-14251	523	1	first	first	ADV
cblr-14251	523	2	,	,	PUNCT
cblr-14251	523	3	it	it	PRON
cblr-14251	523	4	may	may	AUX
cblr-14251	523	5	drive	drive	VERB
cblr-14251	523	6	up	up	ADP
cblr-14251	523	7	the	the	DET
cblr-14251	523	8	demand	demand	NOUN
cblr-14251	523	9	for	for	ADP
cblr-14251	523	10	the	the	DET
cblr-14251	523	11	clothing	clothing	NOUN
cblr-14251	523	12	product	product	NOUN
cblr-14251	523	13	.	.	PUNCT
cblr-14251	524	1	second	second	ADJ
cblr-14251	524	2	,	,	PUNCT
cblr-14251	524	3	it	it	PRON
cblr-14251	524	4	may	may	AUX
cblr-14251	524	5	drive	drive	VERB
cblr-14251	524	6	up	up	ADP
cblr-14251	524	7	demand	demand	NOUN
cblr-14251	524	8	for	for	ADP
cblr-14251	524	9	the	the	DET
cblr-14251	524	10	clothing	clothing	NOUN
cblr-14251	524	11	brand	brand	NOUN
cblr-14251	524	12	’s	’s	PART
cblr-14251	524	13	stock	stock	NOUN
cblr-14251	524	14	.	.	PUNCT
cblr-14251	525	1	the	the	DET
cblr-14251	525	2	first	first	ADJ
cblr-14251	525	3	effect	effect	NOUN
cblr-14251	525	4	(	(	PUNCT
cblr-14251	525	5	demand	demand	NOUN
cblr-14251	525	6	for	for	ADP
cblr-14251	525	7	the	the	DET
cblr-14251	525	8	product	product	NOUN
cblr-14251	525	9	)	)	PUNCT
cblr-14251	525	10	is	be	AUX
cblr-14251	525	11	clearly	clearly	ADV
cblr-14251	525	12	relevant	relevant	ADJ
cblr-14251	525	13	to	to	ADP
cblr-14251	525	14	the	the	DET
cblr-14251	525	15	company	company	NOUN
cblr-14251	525	16	’s	’s	PART
cblr-14251	525	17	fundamental	fundamental	ADJ
cblr-14251	525	18	financial	financial	ADJ
cblr-14251	525	19	value	value	NOUN
cblr-14251	525	20	.	.	PUNCT
cblr-14251	526	1	more	more	ADJ
cblr-14251	526	2	consumer	consumer	NOUN
cblr-14251	526	3	demand	demand	NOUN
cblr-14251	526	4	will	will	AUX
cblr-14251	526	5	increase	increase	VERB
cblr-14251	526	6	revenue	revenue	NOUN
cblr-14251	526	7	.	.	PUNCT
cblr-14251	527	1	the	the	DET
cblr-14251	527	2	second	second	ADJ
cblr-14251	527	3	effect	effect	NOUN
cblr-14251	527	4	is	be	AUX
cblr-14251	527	5	more	more	ADV
cblr-14251	527	6	complex	complex	ADJ
cblr-14251	527	7	.	.	PUNCT
cblr-14251	528	1	some	some	DET
cblr-14251	528	2	portion	portion	NOUN
cblr-14251	528	3	of	of	ADP
cblr-14251	528	4	increased	increase	VERB
cblr-14251	528	5	demand	demand	NOUN
cblr-14251	528	6	for	for	ADP
cblr-14251	528	7	the	the	DET
cblr-14251	528	8	stock	stock	NOUN
cblr-14251	528	9	may	may	AUX
cblr-14251	528	10	derive	derive	VERB
cblr-14251	528	11	from	from	ADP
cblr-14251	528	12	the	the	DET
cblr-14251	528	13	rosier	rosy	ADJ
cblr-14251	528	14	picture	picture	NOUN
cblr-14251	528	15	of	of	ADP
cblr-14251	528	16	future	future	ADJ
cblr-14251	528	17	cash	cash	NOUN
cblr-14251	528	18	flows	flow	NOUN
cblr-14251	528	19	indicated	indicate	VERB
cblr-14251	528	20	by	by	ADP
cblr-14251	528	21	increased	increase	VERB
cblr-14251	528	22	demand	demand	NOUN
cblr-14251	528	23	for	for	ADP
cblr-14251	528	24	the	the	DET
cblr-14251	528	25	product	product	NOUN
cblr-14251	528	26	.	.	PUNCT
cblr-14251	529	1	the	the	DET
cblr-14251	529	2	other	other	ADJ
cblr-14251	529	3	portion	portion	NOUN
cblr-14251	529	4	may	may	AUX
cblr-14251	529	5	derive	derive	VERB
cblr-14251	529	6	from	from	ADP
cblr-14251	529	7	simple	simple	ADJ
cblr-14251	529	8	increase	increase	NOUN
cblr-14251	529	9	in	in	ADP
cblr-14251	529	10	demand	demand	NOUN
cblr-14251	529	11	for	for	ADP
cblr-14251	529	12	owning	own	VERB
cblr-14251	529	13	the	the	DET
cblr-14251	529	14	stock	stock	NOUN
cblr-14251	529	15	merely	merely	ADV
cblr-14251	529	16	because	because	SCONJ
cblr-14251	529	17	of	of	ADP
cblr-14251	529	18	its	its	PRON
cblr-14251	529	19	association	association	NOUN
cblr-14251	529	20	with	with	ADP
cblr-14251	529	21	swift	swift	PROPN
cblr-14251	529	22	.	.	PUNCT
cblr-14251	530	1	imagine	imagine	VERB
cblr-14251	530	2	that	that	SCONJ
cblr-14251	530	3	as	as	ADP
cblr-14251	530	4	a	a	DET
cblr-14251	530	5	result	result	NOUN
cblr-14251	530	6	,	,	PUNCT
cblr-14251	530	7	the	the	DET
cblr-14251	530	8	stock	stock	NOUN
cblr-14251	530	9	price	price	NOUN
cblr-14251	530	10	increases	increase	NOUN
cblr-14251	530	11	from	from	ADP
cblr-14251	530	12	$	$	SYM
cblr-14251	530	13	17	17	NUM
cblr-14251	530	14	to	to	PART
cblr-14251	530	15	$	$	SYM
cblr-14251	530	16	20	20	NUM
cblr-14251	530	17	per	per	ADP
cblr-14251	530	18	share	share	NOUN
cblr-14251	530	19	.	.	PUNCT
cblr-14251	531	1	what	what	DET
cblr-14251	531	2	portion	portion	NOUN
cblr-14251	531	3	of	of	ADP
cblr-14251	531	4	this	this	DET
cblr-14251	531	5	increase	increase	NOUN
cblr-14251	531	6	is	be	AUX
cblr-14251	531	7	due	due	ADJ
cblr-14251	531	8	to	to	ADP
cblr-14251	531	9	a	a	DET
cblr-14251	531	10	change	change	NOUN
cblr-14251	531	11	in	in	ADP
cblr-14251	531	12	fundamentals	fundamental	NOUN
cblr-14251	531	13	,	,	PUNCT
cblr-14251	531	14	and	and	CCONJ
cblr-14251	531	15	what	what	DET
cblr-14251	531	16	portion	portion	NOUN
cblr-14251	531	17	is	be	AUX
cblr-14251	531	18	due	due	ADJ
cblr-14251	531	19	to	to	ADP
cblr-14251	531	20	demand	demand	NOUN
cblr-14251	531	21	-	-	PUNCT
cblr-14251	531	22	driven	drive	VERB
cblr-14251	531	23	factors	factor	NOUN
cblr-14251	531	24	?	?	PUNCT
cblr-14251	532	1	the	the	DET
cblr-14251	532	2	effect	effect	NOUN
cblr-14251	532	3	is	be	AUX
cblr-14251	532	4	even	even	ADV
cblr-14251	532	5	murkier	murky	ADJ
cblr-14251	532	6	when	when	SCONJ
cblr-14251	532	7	factoring	factor	VERB
cblr-14251	532	8	in	in	ADP
cblr-14251	532	9	an	an	DET
cblr-14251	532	10	esg	esg	NOUN
cblr-14251	532	11	-	-	PUNCT
cblr-14251	532	12	related	relate	VERB
cblr-14251	532	13	premium	premium	NOUN
cblr-14251	532	14	.	.	PUNCT
cblr-14251	533	1	in	in	ADP
cblr-14251	533	2	addition	addition	NOUN
cblr-14251	533	3	,	,	PUNCT
cblr-14251	533	4	the	the	PRON
cblr-14251	533	5	greater	great	ADJ
cblr-14251	533	6	the	the	DET
cblr-14251	533	7	demand	demand	NOUN
cblr-14251	533	8	-	-	PUNCT
cblr-14251	533	9	driven	drive	VERB
cblr-14251	533	10	portion	portion	NOUN
cblr-14251	533	11	of	of	ADP
cblr-14251	533	12	a	a	DET
cblr-14251	533	13	stock	stock	NOUN
cblr-14251	533	14	price	price	NOUN
cblr-14251	533	15	’s	’s	PART
cblr-14251	533	16	movement	movement	NOUN
cblr-14251	533	17	,	,	PUNCT
cblr-14251	533	18	the	the	DET
cblr-14251	533	19	less	less	ADV
cblr-14251	533	20	“	"	PUNCT
cblr-14251	533	21	rational	rational	ADJ
cblr-14251	533	22	”	"	PUNCT
cblr-14251	533	23	it	it	PRON
cblr-14251	533	24	may	may	AUX
cblr-14251	533	25	become	become	VERB
cblr-14251	533	26	for	for	SCONJ
cblr-14251	533	27	the	the	DET
cblr-14251	533	28	informed	informed	ADJ
cblr-14251	533	29	traders	trader	NOUN
cblr-14251	533	30	of	of	ADP
cblr-14251	533	31	the	the	DET
cblr-14251	533	32	classic	classic	ADJ
cblr-14251	533	33	narrative	narrative	NOUN
cblr-14251	533	34	to	to	PART
cblr-14251	533	35	attempt	attempt	VERB
cblr-14251	533	36	to	to	PART
cblr-14251	533	37	arbitrage	arbitrage	VERB
cblr-14251	533	38	the	the	DET
cblr-14251	533	39	price	price	NOUN
cblr-14251	533	40	deviation	deviation	NOUN
cblr-14251	533	41	away	away	ADV
cblr-14251	533	42	.	.	PUNCT
cblr-14251	534	1	in	in	ADP
cblr-14251	534	2	the	the	DET
cblr-14251	534	3	story	story	NOUN
cblr-14251	534	4	above	above	ADV
cblr-14251	534	5	,	,	PUNCT
cblr-14251	534	6	nostalgiable	nostalgiable	PROPN
cblr-14251	534	7	’s	’s	PART
cblr-14251	534	8	stock	stock	NOUN
cblr-14251	534	9	is	be	AUX
cblr-14251	534	10	now	now	ADV
cblr-14251	534	11	trading	trade	VERB
cblr-14251	534	12	at	at	ADP
cblr-14251	534	13	$	$	SYM
cblr-14251	534	14	20	20	NUM
cblr-14251	534	15	per	per	ADP
cblr-14251	534	16	share	share	NOUN
cblr-14251	534	17	.	.	PUNCT
cblr-14251	535	1	assume	assume	VERB
cblr-14251	535	2	that	that	SCONJ
cblr-14251	535	3	the	the	DET
cblr-14251	535	4	increased	increase	VERB
cblr-14251	535	5	consumer	consumer	NOUN
cblr-14251	535	6	demand	demand	NOUN
cblr-14251	535	7	for	for	ADP
cblr-14251	535	8	the	the	DET
cblr-14251	535	9	clothing	clothing	NOUN
cblr-14251	535	10	itself	itself	PRON
cblr-14251	535	11	(	(	PUNCT
cblr-14251	535	12	originating	originate	VERB
cblr-14251	535	13	with	with	ADP
cblr-14251	535	14	swift	swift	ADJ
cblr-14251	535	15	wearing	wear	VERB
cblr-14251	535	16	the	the	DET
cblr-14251	535	17	clothing	clothing	NOUN
cblr-14251	535	18	)	)	PUNCT
cblr-14251	535	19	led	lead	VERB
cblr-14251	535	20	to	to	ADP
cblr-14251	535	21	a	a	DET
cblr-14251	535	22	revision	revision	NOUN
cblr-14251	535	23	upward	upward	ADV
cblr-14251	535	24	of	of	ADP
cblr-14251	535	25	the	the	DET
cblr-14251	535	26	stock	stock	NOUN
cblr-14251	535	27	’s	’s	PART
cblr-14251	535	28	fundamental	fundamental	ADJ
cblr-14251	535	29	value	value	NOUN
cblr-14251	535	30	,	,	PUNCT
cblr-14251	535	31	which	which	PRON
cblr-14251	535	32	is	be	AUX
cblr-14251	535	33	now	now	ADV
cblr-14251	535	34	$	$	SYM
cblr-14251	535	35	15	15	NUM
cblr-14251	535	36	per	per	ADP
cblr-14251	535	37	share	share	NOUN
cblr-14251	535	38	based	base	VERB
cblr-14251	535	39	on	on	ADP
cblr-14251	535	40	a	a	DET
cblr-14251	535	41	conventional	conventional	ADJ
cblr-14251	535	42	cash	cash	NOUN
cblr-14251	535	43	flow	flow	NOUN
cblr-14251	535	44	analysis	analysis	NOUN
cblr-14251	535	45	.	.	PUNCT
cblr-14251	536	1	but	but	CCONJ
cblr-14251	536	2	$	$	SYM
cblr-14251	536	3	15	15	NUM
cblr-14251	536	4	137	137	NUM
cblr-14251	536	5	this	this	PRON
cblr-14251	536	6	has	have	AUX
cblr-14251	536	7	been	be	AUX
cblr-14251	536	8	found	find	VERB
cblr-14251	536	9	to	to	PART
cblr-14251	536	10	be	be	AUX
cblr-14251	536	11	true	true	ADJ
cblr-14251	536	12	for	for	ADP
cblr-14251	536	13	a	a	DET
cblr-14251	536	14	number	number	NOUN
cblr-14251	536	15	of	of	ADP
cblr-14251	536	16	indices	index	NOUN
cblr-14251	536	17	,	,	PUNCT
cblr-14251	536	18	both	both	PRON
cblr-14251	536	19	domestically	domestically	ADV
cblr-14251	536	20	and	and	CCONJ
cblr-14251	536	21	abroad	abroad	ADV
cblr-14251	536	22	.	.	PUNCT
cblr-14251	537	1	see	see	VERB
cblr-14251	537	2	griffin	griffin	PROPN
cblr-14251	537	3	,	,	PUNCT
cblr-14251	537	4	supra	supra	PROPN
cblr-14251	537	5	note	note	NOUN
cblr-14251	537	6	9	9	NUM
cblr-14251	537	7	,	,	PUNCT
cblr-14251	537	8	at	at	ADP
cblr-14251	537	9	14–15	14–15	NUM
cblr-14251	537	10	.	.	PUNCT
cblr-14251	538	1	no	no	INTJ
cblr-14251	538	2	.	.	NOUN
cblr-14251	538	3	1	1	NUM
cblr-14251	538	4	]	]	PUNCT
cblr-14251	538	5	securities	security	NOUN
cblr-14251	538	6	fraud	fraud	NOUN
cblr-14251	538	7	and	and	CCONJ
cblr-14251	538	8	the	the	DET
cblr-14251	538	9	market	market	NOUN
cblr-14251	538	10	for	for	ADP
cblr-14251	538	11	individual	individual	ADJ
cblr-14251	538	12	stocks	stock	NOUN
cblr-14251	538	13	263	263	NUM
cblr-14251	538	14	is	be	AUX
cblr-14251	538	15	still	still	ADV
cblr-14251	538	16	well	well	ADV
cblr-14251	538	17	below	below	ADP
cblr-14251	538	18	the	the	DET
cblr-14251	538	19	current	current	ADJ
cblr-14251	538	20	trading	trading	NOUN
cblr-14251	538	21	level	level	NOUN
cblr-14251	538	22	of	of	ADP
cblr-14251	538	23	$	$	SYM
cblr-14251	538	24	20	20	NUM
cblr-14251	538	25	per	per	ADP
cblr-14251	538	26	share	share	NOUN
cblr-14251	538	27	.	.	PUNCT
cblr-14251	539	1	informed	inform	VERB
cblr-14251	539	2	traders	trader	NOUN
cblr-14251	539	3	might	might	AUX
cblr-14251	539	4	attempt	attempt	VERB
cblr-14251	539	5	to	to	PART
cblr-14251	539	6	arbitrage	arbitrage	VERB
cblr-14251	539	7	this	this	DET
cblr-14251	539	8	deviation	deviation	NOUN
cblr-14251	539	9	.	.	PUNCT
cblr-14251	540	1	on	on	ADP
cblr-14251	540	2	the	the	DET
cblr-14251	540	3	other	other	ADJ
cblr-14251	540	4	hand	hand	NOUN
cblr-14251	540	5	,	,	PUNCT
cblr-14251	540	6	evidence	evidence	NOUN
cblr-14251	540	7	on	on	ADP
cblr-14251	540	8	esg	esg	PROPN
cblr-14251	540	9	,	,	PUNCT
cblr-14251	540	10	retail	retail	ADJ
cblr-14251	540	11	trading	trading	NOUN
cblr-14251	540	12	,	,	PUNCT
cblr-14251	540	13	and	and	CCONJ
cblr-14251	540	14	the	the	DET
cblr-14251	540	15	index	index	NOUN
cblr-14251	540	16	premia	premia	NOUN
cblr-14251	540	17	,	,	PUNCT
cblr-14251	540	18	combined	combine	VERB
cblr-14251	540	19	with	with	ADP
cblr-14251	540	20	longstanding	longstanding	ADJ
cblr-14251	540	21	caution	caution	NOUN
cblr-14251	540	22	around	around	ADP
cblr-14251	540	23	betting	bet	VERB
cblr-14251	540	24	against	against	ADP
cblr-14251	540	25	(	(	PUNCT
cblr-14251	540	26	perceived	perceive	VERB
cblr-14251	540	27	)	)	PUNCT
cblr-14251	540	28	noise	noise	NOUN
cblr-14251	540	29	traders	trader	NOUN
cblr-14251	540	30	,	,	PUNCT
cblr-14251	540	31	may	may	AUX
cblr-14251	540	32	deter	deter	VERB
cblr-14251	540	33	any	any	DET
cblr-14251	540	34	such	such	ADJ
cblr-14251	540	35	arbitrageur.138	arbitrageur.138	NOUN
cblr-14251	540	36	this	this	PRON
cblr-14251	540	37	significantly	significantly	ADV
cblr-14251	540	38	limits	limit	VERB
cblr-14251	540	39	the	the	DET
cblr-14251	540	40	countering	counter	VERB
cblr-14251	540	41	effects	effect	NOUN
cblr-14251	540	42	of	of	ADP
cblr-14251	540	43	arbitrage	arbitrage	NOUN
cblr-14251	540	44	and	and	CCONJ
cblr-14251	540	45	increases	increase	VERB
cblr-14251	540	46	the	the	DET
cblr-14251	540	47	likelihood	likelihood	NOUN
cblr-14251	540	48	that	that	SCONJ
cblr-14251	540	49	the	the	DET
cblr-14251	540	50	premium	premium	NOUN
cblr-14251	540	51	will	will	AUX
cblr-14251	540	52	persist	persist	VERB
cblr-14251	540	53	and	and	CCONJ
cblr-14251	540	54	grow	grow	VERB
cblr-14251	540	55	.	.	PUNCT
cblr-14251	541	1	to	to	PART
cblr-14251	541	2	conclude	conclude	VERB
cblr-14251	541	3	that	that	PRON
cblr-14251	541	4	nostalgiable	nostalgiable	PROPN
cblr-14251	541	5	’s	’s	PART
cblr-14251	541	6	share	share	NOUN
cblr-14251	541	7	price	price	NOUN
cblr-14251	541	8	fluctuations	fluctuation	NOUN
cblr-14251	541	9	reflect	reflect	VERB
cblr-14251	541	10	only	only	ADV
cblr-14251	541	11	new	new	ADJ
cblr-14251	541	12	information	information	NOUN
cblr-14251	541	13	related	relate	VERB
cblr-14251	541	14	to	to	ADP
cblr-14251	541	15	the	the	DET
cblr-14251	541	16	company	company	NOUN
cblr-14251	541	17	’s	’s	PART
cblr-14251	541	18	financials	financial	NOUN
cblr-14251	541	19	would	would	AUX
cblr-14251	541	20	be	be	AUX
cblr-14251	541	21	to	to	PART
cblr-14251	541	22	ignore	ignore	VERB
cblr-14251	541	23	the	the	DET
cblr-14251	541	24	role	role	NOUN
cblr-14251	541	25	of	of	ADP
cblr-14251	541	26	investor	investor	NOUN
cblr-14251	541	27	demand	demand	NOUN
cblr-14251	541	28	—	—	PUNCT
cblr-14251	541	29	an	an	DET
cblr-14251	541	30	important	important	ADJ
cblr-14251	541	31	part	part	NOUN
cblr-14251	541	32	of	of	ADP
cblr-14251	541	33	the	the	DET
cblr-14251	541	34	story	story	NOUN
cblr-14251	541	35	.	.	PUNCT
cblr-14251	542	1	demand	demand	NOUN
cblr-14251	542	2	can	can	AUX
cblr-14251	542	3	lead	lead	VERB
cblr-14251	542	4	to	to	PART
cblr-14251	542	5	share	share	VERB
cblr-14251	542	6	price	price	NOUN
cblr-14251	542	7	movements	movement	NOUN
cblr-14251	542	8	that	that	PRON
cblr-14251	542	9	reflect	reflect	VERB
cblr-14251	542	10	personal	personal	ADJ
cblr-14251	542	11	investor	investor	NOUN
cblr-14251	542	12	preferences	preference	NOUN
cblr-14251	542	13	that	that	PRON
cblr-14251	542	14	are	be	AUX
cblr-14251	542	15	unrelated	unrelated	ADJ
cblr-14251	542	16	to	to	ADP
cblr-14251	542	17	an	an	DET
cblr-14251	542	18	issuer	issuer	NOUN
cblr-14251	542	19	’s	’s	PART
cblr-14251	542	20	financials	financial	NOUN
cblr-14251	542	21	.	.	PUNCT
cblr-14251	543	1	demand	demand	NOUN
cblr-14251	543	2	can	can	AUX
cblr-14251	543	3	also	also	ADV
cblr-14251	543	4	shift	shift	VERB
cblr-14251	543	5	the	the	DET
cblr-14251	543	6	so	so	ADV
cblr-14251	543	7	-	-	PUNCT
cblr-14251	543	8	called	call	VERB
cblr-14251	543	9	informed	informed	ADJ
cblr-14251	543	10	trader	trader	NOUN
cblr-14251	543	11	’s	’s	PART
cblr-14251	543	12	“	"	PUNCT
cblr-14251	543	13	rational	rational	ADJ
cblr-14251	543	14	”	"	PUNCT
cblr-14251	543	15	response	response	NOUN
cblr-14251	543	16	to	to	PART
cblr-14251	543	17	demanddriven	demanddriven	VERB
cblr-14251	543	18	investing	investing	NOUN
cblr-14251	543	19	.	.	PUNCT
cblr-14251	544	1	c.	c.	PROPN
cblr-14251	544	2	demand	demand	NOUN
cblr-14251	544	3	and	and	CCONJ
cblr-14251	544	4	the	the	DET
cblr-14251	544	5	market	market	NOUN
cblr-14251	544	6	for	for	ADP
cblr-14251	544	7	individual	individual	ADJ
cblr-14251	544	8	stocks	stock	NOUN
cblr-14251	544	9	as	as	SCONJ
cblr-14251	544	10	investors	investor	NOUN
cblr-14251	544	11	trade	trade	VERB
cblr-14251	544	12	for	for	ADP
cblr-14251	544	13	reasons	reason	NOUN
cblr-14251	544	14	that	that	PRON
cblr-14251	544	15	reflect	reflect	VERB
cblr-14251	544	16	individual	individual	ADJ
cblr-14251	544	17	demand	demand	NOUN
cblr-14251	544	18	,	,	PUNCT
cblr-14251	544	19	they	they	PRON
cblr-14251	544	20	can	can	AUX
cblr-14251	544	21	drive	drive	VERB
cblr-14251	544	22	stock	stock	NOUN
cblr-14251	544	23	price	price	NOUN
cblr-14251	544	24	movements	movement	NOUN
cblr-14251	544	25	and	and	CCONJ
cblr-14251	544	26	help	help	VERB
cblr-14251	544	27	create	create	VERB
cblr-14251	544	28	a	a	DET
cblr-14251	544	29	market	market	NOUN
cblr-14251	544	30	for	for	ADP
cblr-14251	544	31	individual	individual	ADJ
cblr-14251	544	32	stocks	stock	NOUN
cblr-14251	544	33	.	.	PUNCT
cblr-14251	545	1	in	in	ADP
cblr-14251	545	2	that	that	DET
cblr-14251	545	3	market	market	NOUN
cblr-14251	545	4	,	,	PUNCT
cblr-14251	545	5	demand	demand	NOUN
cblr-14251	545	6	for	for	ADP
cblr-14251	545	7	different	different	ADJ
cblr-14251	545	8	stocks	stock	NOUN
cblr-14251	545	9	can	can	AUX
cblr-14251	545	10	exist	exist	VERB
cblr-14251	545	11	on	on	ADP
cblr-14251	545	12	a	a	DET
cblr-14251	545	13	continuum	continuum	ADJ
cblr-14251	545	14	and	and	CCONJ
cblr-14251	545	15	vary	vary	VERB
cblr-14251	545	16	based	base	VERB
cblr-14251	545	17	on	on	ADP
cblr-14251	545	18	a	a	DET
cblr-14251	545	19	number	number	NOUN
cblr-14251	545	20	of	of	ADP
cblr-14251	545	21	factors	factor	NOUN
cblr-14251	545	22	,	,	PUNCT
cblr-14251	545	23	from	from	ADP
cblr-14251	545	24	expressions	expression	NOUN
cblr-14251	545	25	of	of	ADP
cblr-14251	545	26	identity	identity	NOUN
cblr-14251	545	27	to	to	ADP
cblr-14251	545	28	cultural	cultural	ADJ
cblr-14251	545	29	138	138	NUM
cblr-14251	545	30	as	as	ADP
cblr-14251	545	31	discussed	discuss	VERB
cblr-14251	545	32	supra	supra	PROPN
cblr-14251	545	33	section	section	PROPN
cblr-14251	545	34	ii.b	ii.b	PROPN
cblr-14251	545	35	.	.	PUNCT
cblr-14251	545	36	,	,	PUNCT
cblr-14251	545	37	other	other	ADJ
cblr-14251	545	38	factors	factor	NOUN
cblr-14251	545	39	can	can	AUX
cblr-14251	545	40	also	also	ADV
cblr-14251	545	41	limit	limit	VERB
cblr-14251	545	42	the	the	DET
cblr-14251	545	43	arbitrage	arbitrage	NOUN
cblr-14251	545	44	response	response	NOUN
cblr-14251	545	45	of	of	ADP
cblr-14251	545	46	informed	informed	ADJ
cblr-14251	545	47	traders	trader	NOUN
cblr-14251	545	48	,	,	PUNCT
cblr-14251	545	49	including	include	VERB
cblr-14251	545	50	the	the	DET
cblr-14251	545	51	costs	cost	NOUN
cblr-14251	545	52	of	of	ADP
cblr-14251	545	53	searching	search	VERB
cblr-14251	545	54	for	for	ADP
cblr-14251	545	55	new	new	ADJ
cblr-14251	545	56	information	information	NOUN
cblr-14251	545	57	as	as	ADV
cblr-14251	545	58	well	well	ADV
cblr-14251	545	59	as	as	ADP
cblr-14251	545	60	investment	investment	NOUN
cblr-14251	545	61	or	or	CCONJ
cblr-14251	545	62	contractual	contractual	ADJ
cblr-14251	545	63	limitations	limitation	NOUN
cblr-14251	545	64	in	in	ADP
cblr-14251	545	65	setting	set	VERB
cblr-14251	545	66	trading	trading	NOUN
cblr-14251	545	67	strategies	strategy	NOUN
cblr-14251	545	68	.	.	PUNCT
cblr-14251	546	1	see	see	VERB
cblr-14251	546	2	,	,	PUNCT
cblr-14251	546	3	e.g.	e.g.	ADV
cblr-14251	546	4	,	,	PUNCT
cblr-14251	546	5	sanford	sanford	PROPN
cblr-14251	546	6	j.	j.	PROPN
cblr-14251	546	7	grossman	grossman	PROPN
cblr-14251	546	8	and	and	CCONJ
cblr-14251	546	9	joseph	joseph	PROPN
cblr-14251	546	10	e.	e.	PROPN
cblr-14251	546	11	stiglitz	stiglitz	PROPN
cblr-14251	546	12	,	,	PUNCT
cblr-14251	546	13	on	on	ADP
cblr-14251	546	14	the	the	DET
cblr-14251	546	15	impossibility	impossibility	NOUN
cblr-14251	546	16	of	of	ADP
cblr-14251	546	17	informationally	informationally	ADV
cblr-14251	546	18	efficient	efficient	ADJ
cblr-14251	546	19	markets	market	NOUN
cblr-14251	546	20	,	,	PUNCT
cblr-14251	546	21	70	70	NUM
cblr-14251	546	22	amer	amer	PROPN
cblr-14251	546	23	.	.	PUNCT
cblr-14251	547	1	econ	econ	PROPN
cblr-14251	547	2	.	.	PUNCT
cblr-14251	548	1	rev	rev	PROPN
cblr-14251	548	2	.	.	PROPN
cblr-14251	549	1	(	(	PUNCT
cblr-14251	549	2	1980	1980	NUM
cblr-14251	549	3	)	)	PUNCT
cblr-14251	549	4	;	;	PUNCT
cblr-14251	549	5	judith	judith	PROPN
cblr-14251	549	6	chevalier	chevalier	NOUN
cblr-14251	549	7	and	and	CCONJ
cblr-14251	549	8	glenn	glenn	PROPN
cblr-14251	549	9	ellison	ellison	PROPN
cblr-14251	549	10	,	,	PUNCT
cblr-14251	549	11	risk	risk	NOUN
cblr-14251	549	12	taking	take	VERB
cblr-14251	549	13	by	by	ADP
cblr-14251	549	14	mutual	mutual	ADJ
cblr-14251	549	15	funds	fund	NOUN
cblr-14251	549	16	as	as	ADP
cblr-14251	549	17	a	a	DET
cblr-14251	549	18	response	response	NOUN
cblr-14251	549	19	to	to	ADP
cblr-14251	549	20	incentives	incentive	NOUN
cblr-14251	549	21	,	,	PUNCT
cblr-14251	549	22	105	105	NUM
cblr-14251	549	23	j.	j.	PROPN
cblr-14251	549	24	pol	pol	PROPN
cblr-14251	549	25	.	.	PUNCT
cblr-14251	549	26	econ	econ	PROPN
cblr-14251	549	27	.	.	PUNCT
cblr-14251	549	28	1167	1167	NUM
cblr-14251	549	29	(	(	PUNCT
cblr-14251	549	30	1997	1997	NUM
cblr-14251	549	31	)	)	PUNCT
cblr-14251	549	32	;	;	PUNCT
cblr-14251	549	33	haddad	haddad	PROPN
cblr-14251	549	34	et	et	PROPN
cblr-14251	549	35	al	al	PROPN
cblr-14251	549	36	.	.	PROPN
cblr-14251	549	37	,	,	PUNCT
cblr-14251	549	38	supra	supra	PROPN
cblr-14251	549	39	note	note	PROPN
cblr-14251	549	40	108	108	NUM
cblr-14251	549	41	,	,	PUNCT
cblr-14251	549	42	at	at	ADP
cblr-14251	549	43	6–7	6–7	NUM
cblr-14251	549	44	(	(	PUNCT
cblr-14251	549	45	gathering	gather	VERB
cblr-14251	549	46	sources	source	NOUN
cblr-14251	549	47	)	)	PUNCT
cblr-14251	549	48	.	.	PUNCT
cblr-14251	550	1	relatedly	relatedly	ADV
cblr-14251	550	2	,	,	PUNCT
cblr-14251	550	3	haddad	haddad	PROPN
cblr-14251	550	4	et	et	PROPN
cblr-14251	550	5	al	al	PROPN
cblr-14251	550	6	.	.	PROPN
cblr-14251	550	7	highlight	highlight	VERB
cblr-14251	550	8	the	the	DET
cblr-14251	550	9	importance	importance	NOUN
cblr-14251	550	10	of	of	ADP
cblr-14251	550	11	strategic	strategic	ADJ
cblr-14251	550	12	interactions	interaction	NOUN
cblr-14251	550	13	among	among	ADP
cblr-14251	550	14	investors	investor	NOUN
cblr-14251	550	15	and	and	CCONJ
cblr-14251	550	16	demonstrate	demonstrate	VERB
cblr-14251	550	17	the	the	DET
cblr-14251	550	18	limitations	limitation	NOUN
cblr-14251	550	19	of	of	ADP
cblr-14251	550	20	the	the	DET
cblr-14251	550	21	conventional	conventional	ADJ
cblr-14251	550	22	view	view	NOUN
cblr-14251	550	23	of	of	ADP
cblr-14251	550	24	trader	trader	NOUN
cblr-14251	550	25	competition	competition	NOUN
cblr-14251	550	26	,	,	PUNCT
cblr-14251	550	27	which	which	PRON
cblr-14251	550	28	is	be	AUX
cblr-14251	550	29	that	that	PRON
cblr-14251	550	30	passive	passive	ADJ
cblr-14251	550	31	investing	investing	NOUN
cblr-14251	550	32	should	should	AUX
cblr-14251	550	33	have	have	VERB
cblr-14251	550	34	no	no	DET
cblr-14251	550	35	impact	impact	NOUN
cblr-14251	550	36	on	on	ADP
cblr-14251	550	37	equilibrium	equilibrium	NOUN
cblr-14251	550	38	prices	price	NOUN
cblr-14251	550	39	,	,	PUNCT
cblr-14251	550	40	because	because	SCONJ
cblr-14251	550	41	other	other	ADJ
cblr-14251	550	42	active	active	ADJ
cblr-14251	550	43	traders	trader	NOUN
cblr-14251	550	44	will	will	AUX
cblr-14251	550	45	fully	fully	ADV
cblr-14251	550	46	compensate	compensate	VERB
cblr-14251	550	47	with	with	ADP
cblr-14251	550	48	aggressive	aggressive	ADJ
cblr-14251	550	49	trading	trading	NOUN
cblr-14251	550	50	that	that	PRON
cblr-14251	550	51	pushes	push	VERB
cblr-14251	550	52	prices	price	NOUN
cblr-14251	550	53	back	back	ADV
cblr-14251	550	54	to	to	ADP
cblr-14251	550	55	their	their	PRON
cblr-14251	550	56	equilibrium	equilibrium	NOUN
cblr-14251	550	57	value	value	NOUN
cblr-14251	550	58	.	.	PUNCT
cblr-14251	551	1	i	i	PRON
cblr-14251	551	2	d.	d.	PROPN
cblr-14251	551	3	at	at	ADP
cblr-14251	551	4	1–2	1–2	NUM
cblr-14251	551	5	.	.	PUNCT
cblr-14251	552	1	instead	instead	ADV
cblr-14251	552	2	,	,	PUNCT
cblr-14251	552	3	their	their	PRON
cblr-14251	552	4	study	study	NOUN
cblr-14251	552	5	shows	show	VERB
cblr-14251	552	6	that	that	SCONJ
cblr-14251	552	7	the	the	DET
cblr-14251	552	8	compensating	compensate	VERB
cblr-14251	552	9	aggressive	aggressive	ADJ
cblr-14251	552	10	behavior	behavior	NOUN
cblr-14251	552	11	only	only	ADV
cblr-14251	552	12	reduces	reduce	VERB
cblr-14251	552	13	the	the	DET
cblr-14251	552	14	effect	effect	NOUN
cblr-14251	552	15	of	of	ADP
cblr-14251	552	16	increased	increase	VERB
cblr-14251	552	17	passive	passive	ADJ
cblr-14251	552	18	investing	investing	NOUN
cblr-14251	552	19	by	by	ADP
cblr-14251	552	20	two	two	NUM
cblr-14251	552	21	thirds	third	NOUN
cblr-14251	552	22	,	,	PUNCT
cblr-14251	552	23	leading	lead	VERB
cblr-14251	552	24	to	to	ADP
cblr-14251	552	25	an	an	DET
cblr-14251	552	26	11	11	NUM
cblr-14251	552	27	%	%	NOUN
cblr-14251	552	28	increase	increase	NOUN
cblr-14251	552	29	in	in	ADP
cblr-14251	552	30	demand	demand	NOUN
cblr-14251	552	31	inelasticity	inelasticity	NOUN
cblr-14251	552	32	.	.	PUNCT
cblr-14251	553	1	i	i	PRON
cblr-14251	553	2	d.	d.	VERB
cblr-14251	553	3	this	this	PRON
cblr-14251	553	4	“	"	PUNCT
cblr-14251	553	5	is	be	AUX
cblr-14251	553	6	a	a	DET
cblr-14251	553	7	sizable	sizable	ADJ
cblr-14251	553	8	change	change	NOUN
cblr-14251	553	9	:	:	PUNCT
cblr-14251	553	10	in	in	ADP
cblr-14251	553	11	the	the	DET
cblr-14251	553	12	context	context	NOUN
cblr-14251	553	13	of	of	ADP
cblr-14251	553	14	many	many	ADJ
cblr-14251	553	15	models	model	NOUN
cblr-14251	553	16	,	,	PUNCT
cblr-14251	553	17	it	it	PRON
cblr-14251	553	18	would	would	AUX
cblr-14251	553	19	lead	lead	VERB
cblr-14251	553	20	to	to	ADP
cblr-14251	553	21	less	less	ADV
cblr-14251	553	22	informative	informative	ADJ
cblr-14251	553	23	and	and	CCONJ
cblr-14251	553	24	more	more	ADV
cblr-14251	553	25	volatile	volatile	ADJ
cblr-14251	553	26	prices	price	NOUN
cblr-14251	553	27	,	,	PUNCT
cblr-14251	553	28	as	as	ADV
cblr-14251	553	29	well	well	ADV
cblr-14251	553	30	as	as	ADP
cblr-14251	553	31	more	more	ADJ
cblr-14251	553	32	price	price	NOUN
cblr-14251	553	33	impact	impact	NOUN
cblr-14251	553	34	.	.	PUNCT
cblr-14251	553	35	”	"	PUNCT
cblr-14251	554	1	i	i	PRON
cblr-14251	554	2	d.	d.	VERB
cblr-14251	554	3	at	at	ADP
cblr-14251	554	4	5	5	NUM
cblr-14251	554	5	.	.	SYM
cblr-14251	554	6	264	264	NUM
cblr-14251	555	1	columbia	columbia	PROPN
cblr-14251	555	2	business	business	NOUN
cblr-14251	555	3	law	law	PROPN
cblr-14251	555	4	review	review	NOUN
cblr-14251	555	5	[	[	X
cblr-14251	555	6	vol	vol	NOUN
cblr-14251	555	7	.	.	PUNCT
cblr-14251	556	1	2025	2025	NUM
cblr-14251	556	2	preferences	preference	NOUN
cblr-14251	556	3	to	to	ADP
cblr-14251	556	4	association	association	NOUN
cblr-14251	556	5	with	with	ADP
cblr-14251	556	6	preferred	preferred	ADJ
cblr-14251	556	7	influencers	influencer	NOUN
cblr-14251	556	8	—	—	PUNCT
cblr-14251	556	9	in	in	ADP
cblr-14251	556	10	addition	addition	NOUN
cblr-14251	556	11	to	to	ADP
cblr-14251	556	12	or	or	CCONJ
cblr-14251	556	13	in	in	ADP
cblr-14251	556	14	place	place	NOUN
cblr-14251	556	15	of	of	ADP
cblr-14251	556	16	traditional	traditional	ADJ
cblr-14251	556	17	financial	financial	ADJ
cblr-14251	556	18	characteristics.139	characteristics.139	NOUN
cblr-14251	556	19	further	far	ADV
cblr-14251	556	20	,	,	PUNCT
cblr-14251	556	21	demand	demand	NOUN
cblr-14251	556	22	varies	vary	VERB
cblr-14251	556	23	across	across	ADP
cblr-14251	556	24	investor	investor	NOUN
cblr-14251	556	25	and	and	CCONJ
cblr-14251	556	26	across	across	ADP
cblr-14251	556	27	stock	stock	NOUN
cblr-14251	556	28	—	—	PUNCT
cblr-14251	556	29	reflecting	reflect	VERB
cblr-14251	556	30	values	value	NOUN
cblr-14251	556	31	as	as	ADV
cblr-14251	556	32	diverse	diverse	ADJ
cblr-14251	556	33	as	as	ADP
cblr-14251	556	34	board	board	NOUN
cblr-14251	556	35	diversity	diversity	NOUN
cblr-14251	556	36	preferences	preference	NOUN
cblr-14251	556	37	to	to	ADP
cblr-14251	556	38	association	association	NOUN
cblr-14251	556	39	with	with	ADP
cblr-14251	556	40	the	the	DET
cblr-14251	556	41	olympic	olympic	ADJ
cblr-14251	556	42	champion	champion	NOUN
cblr-14251	556	43	gymnast	gymnast	NOUN
cblr-14251	556	44	simone	simone	PROPN
cblr-14251	556	45	biles	bile	NOUN
cblr-14251	556	46	.	.	PUNCT
cblr-14251	557	1	stocks	stock	NOUN
cblr-14251	557	2	are	be	AUX
cblr-14251	557	3	not	not	PART
cblr-14251	557	4	perfect	perfect	ADJ
cblr-14251	557	5	substitutes	substitute	NOUN
cblr-14251	557	6	for	for	ADP
cblr-14251	557	7	each	each	DET
cblr-14251	557	8	other	other	ADJ
cblr-14251	557	9	because	because	SCONJ
cblr-14251	557	10	investors	investor	NOUN
cblr-14251	557	11	value	value	VERB
cblr-14251	557	12	stocks	stock	NOUN
cblr-14251	557	13	across	across	ADP
cblr-14251	557	14	a	a	DET
cblr-14251	557	15	host	host	NOUN
cblr-14251	557	16	of	of	ADP
cblr-14251	557	17	characteristics	characteristic	NOUN
cblr-14251	557	18	,	,	PUNCT
cblr-14251	557	19	only	only	ADV
cblr-14251	557	20	some	some	PRON
cblr-14251	557	21	of	of	ADP
cblr-14251	557	22	which	which	PRON
cblr-14251	557	23	are	be	AUX
cblr-14251	557	24	financial	financial	ADJ
cblr-14251	557	25	and	and	CCONJ
cblr-14251	557	26	easily	easily	ADV
cblr-14251	557	27	substitutable	substitutable	ADJ
cblr-14251	557	28	.	.	PUNCT
cblr-14251	558	1	on	on	ADP
cblr-14251	558	2	this	this	DET
cblr-14251	558	3	issue	issue	NOUN
cblr-14251	558	4	,	,	PUNCT
cblr-14251	558	5	professor	professor	NOUN
cblr-14251	558	6	griffin	griffin	NOUN
cblr-14251	558	7	has	have	AUX
cblr-14251	558	8	theorized	theorize	VERB
cblr-14251	558	9	that	that	SCONJ
cblr-14251	558	10	stocks	stock	NOUN
cblr-14251	558	11	“	"	PUNCT
cblr-14251	558	12	exist	exist	VERB
cblr-14251	558	13	along	along	ADP
cblr-14251	558	14	an	an	DET
cblr-14251	558	15	elasticity	elasticity	NOUN
cblr-14251	558	16	spectrum	spectrum	NOUN
cblr-14251	558	17	,	,	PUNCT
cblr-14251	558	18	with	with	ADP
cblr-14251	558	19	high	high	ADJ
cblr-14251	558	20	-	-	PUNCT
cblr-14251	558	21	demand	demand	NOUN
cblr-14251	558	22	stocks	stock	NOUN
cblr-14251	558	23	(	(	PUNCT
cblr-14251	558	24	e.g.	e.g.	ADV
cblr-14251	558	25	,	,	PUNCT
cblr-14251	558	26	meme	meme	NOUN
cblr-14251	558	27	139	139	NUM
cblr-14251	558	28	while	while	SCONJ
cblr-14251	558	29	the	the	DET
cblr-14251	558	30	focus	focus	NOUN
cblr-14251	558	31	of	of	ADP
cblr-14251	558	32	this	this	DET
cblr-14251	558	33	article	article	NOUN
cblr-14251	558	34	is	be	AUX
cblr-14251	558	35	stocks	stock	NOUN
cblr-14251	558	36	,	,	PUNCT
cblr-14251	558	37	it	it	PRON
cblr-14251	558	38	is	be	AUX
cblr-14251	558	39	worth	worth	ADJ
cblr-14251	558	40	mentioning	mention	VERB
cblr-14251	558	41	that	that	SCONJ
cblr-14251	558	42	other	other	ADJ
cblr-14251	558	43	nontraditional	nontraditional	ADJ
cblr-14251	558	44	assets	asset	NOUN
cblr-14251	558	45	such	such	ADJ
cblr-14251	558	46	as	as	ADP
cblr-14251	558	47	non	non	ADJ
cblr-14251	558	48	-	-	ADJ
cblr-14251	558	49	fungible	fungible	ADJ
cblr-14251	558	50	tokens	token	NOUN
cblr-14251	558	51	(	(	PUNCT
cblr-14251	558	52	nfts	nft	NOUN
cblr-14251	558	53	)	)	PUNCT
cblr-14251	558	54	,	,	PUNCT
cblr-14251	558	55	cryptocurrency	cryptocurrency	NOUN
cblr-14251	558	56	,	,	PUNCT
cblr-14251	558	57	and	and	CCONJ
cblr-14251	558	58	memecoins	memecoin	NOUN
cblr-14251	558	59	might	might	AUX
cblr-14251	558	60	be	be	AUX
cblr-14251	558	61	thought	think	VERB
cblr-14251	558	62	of	of	ADP
cblr-14251	558	63	as	as	ADP
cblr-14251	558	64	extensions	extension	NOUN
cblr-14251	558	65	of	of	ADP
cblr-14251	558	66	this	this	DET
cblr-14251	558	67	demand	demand	NOUN
cblr-14251	558	68	continuum	continuum	PROPN
cblr-14251	558	69	.	.	PUNCT
cblr-14251	559	1	memecoins	memecoin	NOUN
cblr-14251	559	2	occupy	occupy	VERB
cblr-14251	559	3	one	one	NUM
cblr-14251	559	4	extreme	extreme	NOUN
cblr-14251	559	5	of	of	ADP
cblr-14251	559	6	this	this	DET
cblr-14251	559	7	continuum	continuum	NOUN
cblr-14251	559	8	,	,	PUNCT
cblr-14251	559	9	where	where	SCONJ
cblr-14251	559	10	traditional	traditional	ADJ
cblr-14251	559	11	financial	financial	ADJ
cblr-14251	559	12	assets	asset	NOUN
cblr-14251	559	13	like	like	ADP
cblr-14251	559	14	stocks	stock	NOUN
cblr-14251	559	15	and	and	CCONJ
cblr-14251	559	16	bonds	bond	NOUN
cblr-14251	559	17	are	be	AUX
cblr-14251	559	18	at	at	ADP
cblr-14251	559	19	the	the	DET
cblr-14251	559	20	other	other	ADJ
cblr-14251	559	21	extreme	extreme	NOUN
cblr-14251	559	22	.	.	PUNCT
cblr-14251	560	1	at	at	ADP
cblr-14251	560	2	one	one	NUM
cblr-14251	560	3	end	end	NOUN
cblr-14251	560	4	,	,	PUNCT
cblr-14251	560	5	assets	asset	NOUN
cblr-14251	560	6	(	(	PUNCT
cblr-14251	560	7	like	like	ADP
cblr-14251	560	8	traditional	traditional	ADJ
cblr-14251	560	9	stocks	stock	NOUN
cblr-14251	560	10	and	and	CCONJ
cblr-14251	560	11	bonds	bond	NOUN
cblr-14251	560	12	)	)	PUNCT
cblr-14251	560	13	reflect	reflect	VERB
cblr-14251	560	14	significant	significant	ADJ
cblr-14251	560	15	financial	financial	ADJ
cblr-14251	560	16	information	information	NOUN
cblr-14251	560	17	and	and	CCONJ
cblr-14251	560	18	very	very	ADV
cblr-14251	560	19	little	little	ADJ
cblr-14251	560	20	expressive	expressive	ADJ
cblr-14251	560	21	,	,	PUNCT
cblr-14251	560	22	non	non	ADJ
cblr-14251	560	23	-	-	ADJ
cblr-14251	560	24	financial	financial	ADJ
cblr-14251	560	25	,	,	PUNCT
cblr-14251	560	26	or	or	CCONJ
cblr-14251	560	27	memevalue	memevalue	NOUN
cblr-14251	560	28	.	.	PUNCT
cblr-14251	561	1	at	at	ADP
cblr-14251	561	2	the	the	DET
cblr-14251	561	3	other	other	ADJ
cblr-14251	561	4	end	end	NOUN
cblr-14251	561	5	,	,	PUNCT
cblr-14251	561	6	assets	asset	NOUN
cblr-14251	561	7	like	like	ADP
cblr-14251	561	8	memecoins	memecoin	NOUN
cblr-14251	561	9	reflect	reflect	VERB
cblr-14251	561	10	very	very	ADV
cblr-14251	561	11	little	little	ADJ
cblr-14251	561	12	(	(	PUNCT
cblr-14251	561	13	perhaps	perhaps	ADV
cblr-14251	561	14	no	no	NOUN
cblr-14251	561	15	)	)	PUNCT
cblr-14251	561	16	financial	financial	ADJ
cblr-14251	561	17	information	information	NOUN
cblr-14251	561	18	and	and	CCONJ
cblr-14251	561	19	a	a	DET
cblr-14251	561	20	huge	huge	ADJ
cblr-14251	561	21	amount	amount	NOUN
cblr-14251	561	22	of	of	ADP
cblr-14251	561	23	expressive	expressive	ADJ
cblr-14251	561	24	,	,	PUNCT
cblr-14251	561	25	non	non	ADJ
cblr-14251	561	26	-	-	ADJ
cblr-14251	561	27	financial	financial	ADJ
cblr-14251	561	28	,	,	PUNCT
cblr-14251	561	29	and	and	CCONJ
cblr-14251	561	30	meme	meme	NOUN
cblr-14251	561	31	-	-	PUNCT
cblr-14251	561	32	value	value	NOUN
cblr-14251	561	33	.	.	PUNCT
cblr-14251	562	1	as	as	SCONJ
cblr-14251	562	2	one	one	NUM
cblr-14251	562	3	commentator	commentator	NOUN
cblr-14251	562	4	has	have	AUX
cblr-14251	562	5	expressed	express	VERB
cblr-14251	562	6	when	when	SCONJ
cblr-14251	562	7	describing	describe	VERB
cblr-14251	562	8	dave	dave	PROPN
cblr-14251	562	9	portnoy	portnoy	PROPN
cblr-14251	562	10	’s	’s	PART
cblr-14251	562	11	(	(	PUNCT
cblr-14251	562	12	portnoy	portnoy	PROPN
cblr-14251	562	13	is	be	AUX
cblr-14251	562	14	the	the	DET
cblr-14251	562	15	founder	founder	NOUN
cblr-14251	562	16	of	of	ADP
cblr-14251	562	17	barstool	barstool	PROPN
cblr-14251	562	18	sports	sport	NOUN
cblr-14251	562	19	)	)	PUNCT
cblr-14251	562	20	memecoin	memecoin	NOUN
cblr-14251	562	21	activity	activity	NOUN
cblr-14251	562	22	,	,	PUNCT
cblr-14251	562	23	“	"	PUNCT
cblr-14251	562	24	come	come	VERB
cblr-14251	562	25	on	on	ADP
cblr-14251	562	26	,	,	PUNCT
cblr-14251	562	27	why	why	SCONJ
cblr-14251	562	28	are	be	AUX
cblr-14251	562	29	you	you	PRON
cblr-14251	562	30	buying	buy	VERB
cblr-14251	562	31	memecoins	memecoin	NOUN
cblr-14251	562	32	?	?	PUNCT
cblr-14251	563	1	what	what	PRON
cblr-14251	563	2	on	on	ADP
cblr-14251	563	3	earth	earth	NOUN
cblr-14251	563	4	do	do	AUX
cblr-14251	563	5	you	you	PRON
cblr-14251	563	6	think	think	VERB
cblr-14251	563	7	is	be	AUX
cblr-14251	563	8	happening	happen	VERB
cblr-14251	563	9	here	here	ADV
cblr-14251	563	10	?	?	PUNCT
cblr-14251	564	1	is	be	AUX
cblr-14251	564	2	dave	dave	PROPN
cblr-14251	564	3	portnoy	portnoy	PROPN
cblr-14251	564	4	going	go	VERB
cblr-14251	564	5	to	to	PART
cblr-14251	564	6	go	go	VERB
cblr-14251	564	7	activist	activist	NOUN
cblr-14251	564	8	on	on	ADP
cblr-14251	564	9	the	the	DET
cblr-14251	564	10	josh	josh	PROPN
cblr-14251	564	11	allen	allen	PROPN
cblr-14251	564	12	mvp	mvp	PROPN
cblr-14251	564	13	coin	coin	NOUN
cblr-14251	564	14	and	and	CCONJ
cblr-14251	564	15	turn	turn	VERB
cblr-14251	564	16	around	around	ADP
cblr-14251	564	17	its	its	PRON
cblr-14251	564	18	business	business	NOUN
cblr-14251	564	19	?	?	PUNCT
cblr-14251	565	1	did	do	AUX
cblr-14251	565	2	he	he	PRON
cblr-14251	565	3	talk	talk	VERB
cblr-14251	565	4	to	to	ADP
cblr-14251	565	5	the	the	DET
cblr-14251	565	6	ceo	ceo	PROPN
cblr-14251	565	7	of	of	ADP
cblr-14251	565	8	josh	josh	PROPN
cblr-14251	565	9	allen	allen	PROPN
cblr-14251	565	10	mvp	mvp	PROPN
cblr-14251	565	11	coin	coin	NOUN
cblr-14251	565	12	and	and	CCONJ
cblr-14251	565	13	learn	learn	VERB
cblr-14251	565	14	that	that	DET
cblr-14251	565	15	josh	josh	PROPN
cblr-14251	565	16	allen	allen	PROPN
cblr-14251	565	17	mvp	mvp	PROPN
cblr-14251	565	18	coin	coin	PROPN
cblr-14251	565	19	has	have	AUX
cblr-14251	565	20	struck	strike	VERB
cblr-14251	565	21	a	a	DET
cblr-14251	565	22	deal	deal	NOUN
cblr-14251	565	23	to	to	PART
cblr-14251	565	24	build	build	VERB
cblr-14251	565	25	artificial	artificial	ADJ
cblr-14251	565	26	intelligence	intelligence	NOUN
cblr-14251	565	27	products	product	NOUN
cblr-14251	565	28	for	for	ADP
cblr-14251	565	29	apple	apple	NOUN
cblr-14251	565	30	?	?	PUNCT
cblr-14251	566	1	there	there	PRON
cblr-14251	566	2	is	be	VERB
cblr-14251	566	3	nothing	nothing	PRON
cblr-14251	566	4	here	here	ADV
cblr-14251	566	5	!	!	PUNCT
cblr-14251	567	1	this	this	PRON
cblr-14251	567	2	is	be	AUX
cblr-14251	567	3	a	a	DET
cblr-14251	567	4	purely	purely	ADV
cblr-14251	567	5	social	social	ADJ
cblr-14251	567	6	trading	trading	NOUN
cblr-14251	567	7	token	token	VERB
cblr-14251	567	8	,	,	PUNCT
cblr-14251	567	9	a	a	DET
cblr-14251	567	10	pure	pure	ADJ
cblr-14251	567	11	game	game	NOUN
cblr-14251	567	12	of	of	ADP
cblr-14251	567	13	hot	hot	ADJ
cblr-14251	567	14	potato	potato	NOUN
cblr-14251	567	15	;	;	PUNCT
cblr-14251	567	16	the	the	DET
cblr-14251	567	17	only	only	ADJ
cblr-14251	567	18	thing	thing	NOUN
cblr-14251	567	19	that	that	PRON
cblr-14251	567	20	could	could	AUX
cblr-14251	567	21	happen	happen	VERB
cblr-14251	567	22	with	with	ADP
cblr-14251	567	23	it	it	PRON
cblr-14251	567	24	is	be	AUX
cblr-14251	567	25	pumping	pump	VERB
cblr-14251	567	26	and	and	CCONJ
cblr-14251	567	27	dumping	dumping	NOUN
cblr-14251	567	28	.	.	PUNCT
cblr-14251	567	29	”	"	PUNCT
cblr-14251	568	1	matt	matt	PROPN
cblr-14251	568	2	levine	levine	PROPN
cblr-14251	568	3	,	,	PUNCT
cblr-14251	568	4	memecoin	memecoin	PROPN
cblr-14251	568	5	pumps	pump	NOUN
cblr-14251	568	6	are	be	AUX
cblr-14251	568	7	just	just	ADV
cblr-14251	568	8	for	for	ADP
cblr-14251	568	9	fun	fun	NOUN
cblr-14251	568	10	,	,	PUNCT
cblr-14251	568	11	bloomberg	bloomberg	PROPN
cblr-14251	568	12	(	(	PUNCT
cblr-14251	568	13	feb	feb	PROPN
cblr-14251	568	14	.	.	PROPN
cblr-14251	568	15	10	10	NUM
cblr-14251	568	16	,	,	PUNCT
cblr-14251	568	17	2025	2025	NUM
cblr-14251	568	18	)	)	PUNCT
cblr-14251	568	19	,	,	PUNCT
cblr-14251	568	20	https://www.bloomberg.com/opinion/articles/2025-0210/memecoin-pumps-are-just-for-fun	https://www.bloomberg.com/opinion/articles/2025-0210/memecoin-pumps-are-just-for-fun	NOUN
cblr-14251	568	21	.	.	PUNCT
cblr-14251	569	1	in	in	ADP
cblr-14251	569	2	contrasting	contrast	VERB
cblr-14251	569	3	memecoins	memecoin	NOUN
cblr-14251	569	4	to	to	ADP
cblr-14251	569	5	traditional	traditional	ADJ
cblr-14251	569	6	stocks	stock	NOUN
cblr-14251	569	7	that	that	PRON
cblr-14251	569	8	might	might	AUX
cblr-14251	569	9	reflect	reflect	VERB
cblr-14251	569	10	value	value	NOUN
cblr-14251	569	11	changes	change	NOUN
cblr-14251	569	12	experienced	experience	VERB
cblr-14251	569	13	by	by	ADP
cblr-14251	569	14	the	the	DET
cblr-14251	569	15	underlying	underlie	VERB
cblr-14251	569	16	issuer	issuer	NOUN
cblr-14251	569	17	(	(	PUNCT
cblr-14251	569	18	in	in	ADP
cblr-14251	569	19	his	his	PRON
cblr-14251	569	20	example	example	NOUN
cblr-14251	569	21	,	,	PUNCT
cblr-14251	569	22	due	due	ADP
cblr-14251	569	23	to	to	ADP
cblr-14251	569	24	activist	activist	ADJ
cblr-14251	569	25	investing	investing	NOUN
cblr-14251	569	26	or	or	CCONJ
cblr-14251	569	27	the	the	DET
cblr-14251	569	28	revelation	revelation	NOUN
cblr-14251	569	29	of	of	ADP
cblr-14251	569	30	new	new	ADJ
cblr-14251	569	31	information	information	NOUN
cblr-14251	569	32	regarding	regard	VERB
cblr-14251	569	33	a	a	DET
cblr-14251	569	34	company	company	NOUN
cblr-14251	569	35	’s	’s	PART
cblr-14251	569	36	use	use	NOUN
cblr-14251	569	37	of	of	ADP
cblr-14251	569	38	ai	ai	NOUN
cblr-14251	569	39	)	)	PUNCT
cblr-14251	569	40	,	,	PUNCT
cblr-14251	569	41	levine	levine	PROPN
cblr-14251	569	42	points	point	VERB
cblr-14251	569	43	out	out	ADP
cblr-14251	569	44	that	that	SCONJ
cblr-14251	569	45	“	"	PUNCT
cblr-14251	569	46	the	the	DET
cblr-14251	569	47	point	point	NOUN
cblr-14251	569	48	of	of	ADP
cblr-14251	569	49	memecoins	memecoin	NOUN
cblr-14251	569	50	is	be	AUX
cblr-14251	569	51	for	for	SCONJ
cblr-14251	569	52	people	people	NOUN
cblr-14251	569	53	to	to	PART
cblr-14251	569	54	go	go	VERB
cblr-14251	569	55	on	on	ADP
cblr-14251	569	56	social	social	ADJ
cblr-14251	569	57	media	medium	NOUN
cblr-14251	569	58	and	and	CCONJ
cblr-14251	569	59	say	say	VERB
cblr-14251	569	60	‘	'	PUNCT
cblr-14251	569	61	i	i	PRON
cblr-14251	569	62	’m	’m	AUX
cblr-14251	569	63	buying	buy	VERB
cblr-14251	569	64	this	this	DET
cblr-14251	569	65	coin	coin	NOUN
cblr-14251	569	66	’	'	PUNCT
cblr-14251	569	67	so	so	SCONJ
cblr-14251	569	68	it	it	PRON
cblr-14251	569	69	goes	go	VERB
cblr-14251	569	70	up	up	ADP
cblr-14251	569	71	so	so	SCONJ
cblr-14251	569	72	they	they	PRON
cblr-14251	569	73	can	can	AUX
cblr-14251	569	74	sell	sell	VERB
cblr-14251	569	75	it	it	PRON
cblr-14251	569	76	at	at	ADP
cblr-14251	569	77	profit	profit	NOUN
cblr-14251	569	78	.	.	PUNCT
cblr-14251	570	1	portnoy	portnoy	PROPN
cblr-14251	570	2	used	use	VERB
cblr-14251	570	3	the	the	DET
cblr-14251	570	4	memecoins	memecoin	NOUN
cblr-14251	570	5	for	for	ADP
cblr-14251	570	6	exactly	exactly	ADV
cblr-14251	570	7	their	their	PRON
cblr-14251	570	8	intended	intended	ADJ
cblr-14251	570	9	purpose	purpose	NOUN
cblr-14251	570	10	.	.	PUNCT
cblr-14251	570	11	”	"	PUNCT
cblr-14251	571	1	i	i	PRON
cblr-14251	571	2	d.	d.	PROPN
cblr-14251	571	3	another	another	DET
cblr-14251	571	4	memecoin	memecoin	PROPN
cblr-14251	571	5	referencing	referencing	PROPN
cblr-14251	571	6	portnoy	portnoy	PROPN
cblr-14251	571	7	’s	’s	PART
cblr-14251	571	8	pump	pump	NOUN
cblr-14251	571	9	and	and	CCONJ
cblr-14251	571	10	dump	dump	VERB
cblr-14251	571	11	,	,	PUNCT
cblr-14251	571	12	jailstool	jailstool	PROPN
cblr-14251	571	13	(	(	PUNCT
cblr-14251	571	14	portnoy	portnoy	PROPN
cblr-14251	571	15	is	be	AUX
cblr-14251	571	16	founder	founder	NOUN
cblr-14251	571	17	of	of	ADP
cblr-14251	571	18	barstool	barstool	NOUN
cblr-14251	571	19	sports	sport	NOUN
cblr-14251	571	20	)	)	PUNCT
cblr-14251	571	21	,	,	PUNCT
cblr-14251	571	22	was	be	AUX
cblr-14251	571	23	then	then	ADV
cblr-14251	571	24	created	create	VERB
cblr-14251	571	25	.	.	PUNCT
cblr-14251	572	1	see	see	VERB
cblr-14251	572	2	a	a	DET
cblr-14251	572	3	memecoin	memecoin	NOUN
cblr-14251	572	4	named	name	VERB
cblr-14251	572	5	for	for	ADP
cblr-14251	572	6	jailing	jail	VERB
cblr-14251	572	7	barstool	barstool	PROPN
cblr-14251	572	8	’s	’s	PART
cblr-14251	572	9	dave	dave	PROPN
cblr-14251	572	10	portnoy	portnoy	PROPN
cblr-14251	572	11	surges	surge	VERB
cblr-14251	572	12	,	,	PUNCT
cblr-14251	572	13	then	then	ADV
cblr-14251	572	14	falters	falter	VERB
cblr-14251	572	15	,	,	PUNCT
cblr-14251	572	16	yahoo	yahoo	PROPN
cblr-14251	572	17	!	!	PROPN
cblr-14251	572	18	finance	finance	PROPN
cblr-14251	572	19	(	(	PUNCT
cblr-14251	572	20	feb	feb	PROPN
cblr-14251	572	21	.	.	PROPN
cblr-14251	572	22	10	10	NUM
cblr-14251	572	23	,	,	PUNCT
cblr-14251	572	24	2025	2025	NUM
cblr-14251	572	25	)	)	PUNCT
cblr-14251	572	26	,	,	PUNCT
cblr-14251	572	27	https://finance.yahoo.com/news/memecoin-named-jailing-barstools-dave130301813.html	https://finance.yahoo.com/news/memecoin-named-jailing-barstools-dave130301813.html	X
cblr-14251	572	28	(	(	PUNCT
cblr-14251	572	29	“	"	PUNCT
cblr-14251	572	30	jailstool	jailstool	NOUN
cblr-14251	572	31	,	,	PUNCT
cblr-14251	572	32	a	a	DET
cblr-14251	572	33	memecoin	memecoin	NOUN
cblr-14251	572	34	created	create	VERB
cblr-14251	572	35	in	in	ADP
cblr-14251	572	36	reference	reference	NOUN
cblr-14251	572	37	to	to	PART
cblr-14251	572	38	memecoin	memecoin	VERB
cblr-14251	572	39	traders	trader	NOUN
cblr-14251	572	40	calling	call	VERB
cblr-14251	572	41	for	for	ADP
cblr-14251	572	42	barstool	barstool	NOUN
cblr-14251	572	43	founder	founder	NOUN
cblr-14251	572	44	and	and	CCONJ
cblr-14251	572	45	president	president	PROPN
cblr-14251	572	46	dave	dave	PROPN
cblr-14251	572	47	portnoy	portnoy	PROPN
cblr-14251	572	48	to	to	PART
cblr-14251	572	49	be	be	AUX
cblr-14251	572	50	jailed	jail	VERB
cblr-14251	572	51	for	for	ADP
cblr-14251	572	52	pumping	pump	VERB
cblr-14251	572	53	another	another	DET
cblr-14251	572	54	memecoin	memecoin	NOUN
cblr-14251	572	55	,	,	PUNCT
cblr-14251	572	56	has	have	AUX
cblr-14251	572	57	skyrocketed	skyrocket	VERB
cblr-14251	572	58	over	over	ADP
cblr-14251	572	59	the	the	DET
cblr-14251	572	60	weekend	weekend	NOUN
cblr-14251	572	61	after	after	SCONJ
cblr-14251	572	62	portnoy	portnoy	PROPN
cblr-14251	572	63	got	get	VERB
cblr-14251	572	64	behind	behind	ADP
cblr-14251	572	65	the	the	DET
cblr-14251	572	66	coin	coin	NOUN
cblr-14251	572	67	and	and	CCONJ
cblr-14251	572	68	promoted	promote	VERB
cblr-14251	572	69	it	it	PRON
cblr-14251	572	70	to	to	ADP
cblr-14251	572	71	his	his	PRON
cblr-14251	572	72	social	social	ADJ
cblr-14251	572	73	media	medium	NOUN
cblr-14251	572	74	followers	follower	NOUN
cblr-14251	572	75	.	.	PUNCT
cblr-14251	572	76	”	"	PUNCT
cblr-14251	572	77	)	)	PUNCT
cblr-14251	572	78	.	.	PUNCT
cblr-14251	573	1	no	no	INTJ
cblr-14251	573	2	.	.	NOUN
cblr-14251	573	3	1	1	NUM
cblr-14251	573	4	]	]	PUNCT
cblr-14251	573	5	securities	security	NOUN
cblr-14251	573	6	fraud	fraud	NOUN
cblr-14251	573	7	and	and	CCONJ
cblr-14251	573	8	the	the	DET
cblr-14251	573	9	market	market	NOUN
cblr-14251	573	10	for	for	ADP
cblr-14251	573	11	individual	individual	ADJ
cblr-14251	573	12	stocks	stock	NOUN
cblr-14251	573	13	265	265	NUM
cblr-14251	573	14	stocks	stock	NOUN
cblr-14251	573	15	)	)	PUNCT
cblr-14251	573	16	at	at	ADP
cblr-14251	573	17	one	one	NUM
cblr-14251	573	18	end	end	NOUN
cblr-14251	573	19	and	and	CCONJ
cblr-14251	573	20	low	low	ADJ
cblr-14251	573	21	-	-	PUNCT
cblr-14251	573	22	demand	demand	NOUN
cblr-14251	573	23	stocks	stock	NOUN
cblr-14251	573	24	at	at	ADP
cblr-14251	573	25	the	the	DET
cblr-14251	573	26	other	other	ADJ
cblr-14251	573	27	.	.	PUNCT
cblr-14251	574	1	”140	”140	ADV
cblr-14251	574	2	further	far	ADV
cblr-14251	574	3	,	,	PUNCT
cblr-14251	574	4	demand	demand	NOUN
cblr-14251	574	5	inelasticity	inelasticity	NOUN
cblr-14251	574	6	allows	allow	VERB
cblr-14251	574	7	relatively	relatively	ADV
cblr-14251	574	8	small	small	ADJ
cblr-14251	574	9	groups	group	NOUN
cblr-14251	574	10	of	of	ADP
cblr-14251	574	11	investors	investor	NOUN
cblr-14251	574	12	to	to	PART
cblr-14251	574	13	generate	generate	VERB
cblr-14251	574	14	outsize	outsize	ADJ
cblr-14251	574	15	price	price	NOUN
cblr-14251	574	16	impacts.141	impacts.141	NOUN
cblr-14251	574	17	in	in	ADP
cblr-14251	574	18	a	a	DET
cblr-14251	574	19	market	market	NOUN
cblr-14251	574	20	for	for	ADP
cblr-14251	574	21	individual	individual	ADJ
cblr-14251	574	22	stocks	stock	NOUN
cblr-14251	574	23	,	,	PUNCT
cblr-14251	574	24	these	these	DET
cblr-14251	574	25	non	non	ADJ
cblr-14251	574	26	-	-	ADJ
cblr-14251	574	27	financial	financial	ADJ
cblr-14251	574	28	,	,	PUNCT
cblr-14251	574	29	demand	demand	NOUN
cblr-14251	574	30	-	-	PUNCT
cblr-14251	574	31	driven	drive	VERB
cblr-14251	574	32	characteristics	characteristic	NOUN
cblr-14251	574	33	can	can	AUX
cblr-14251	574	34	generate	generate	VERB
cblr-14251	574	35	persistent	persistent	ADJ
cblr-14251	574	36	stock	stock	NOUN
cblr-14251	574	37	price	price	NOUN
cblr-14251	574	38	movements	movement	NOUN
cblr-14251	574	39	,	,	PUNCT
cblr-14251	574	40	just	just	ADV
cblr-14251	574	41	as	as	SCONJ
cblr-14251	574	42	changes	change	NOUN
cblr-14251	574	43	to	to	ADP
cblr-14251	574	44	fundamentals	fundamental	NOUN
cblr-14251	574	45	can	can	AUX
cblr-14251	574	46	.	.	PUNCT
cblr-14251	575	1	this	this	PRON
cblr-14251	575	2	increasingly	increasingly	ADV
cblr-14251	575	3	blurs	blur	VERB
cblr-14251	575	4	the	the	DET
cblr-14251	575	5	line	line	NOUN
cblr-14251	575	6	between	between	ADP
cblr-14251	575	7	demand	demand	NOUN
cblr-14251	575	8	-	-	PUNCT
cblr-14251	575	9	driven	drive	VERB
cblr-14251	575	10	trading	trading	NOUN
cblr-14251	575	11	and	and	CCONJ
cblr-14251	575	12	(	(	PUNCT
cblr-14251	575	13	traditional	traditional	ADJ
cblr-14251	575	14	)	)	PUNCT
cblr-14251	575	15	information	information	NOUN
cblr-14251	575	16	-	-	PUNCT
cblr-14251	575	17	driven	drive	VERB
cblr-14251	575	18	trading	trading	NOUN
cblr-14251	575	19	.	.	PUNCT
cblr-14251	576	1	nonfinancial	nonfinancial	ADJ
cblr-14251	576	2	demand	demand	NOUN
cblr-14251	576	3	premia	premia	NOUN
cblr-14251	576	4	can	can	AUX
cblr-14251	576	5	be	be	AUX
cblr-14251	576	6	thought	think	VERB
cblr-14251	576	7	of	of	ADP
cblr-14251	576	8	as	as	ADV
cblr-14251	576	9	informative	informative	ADJ
cblr-14251	576	10	,	,	PUNCT
cblr-14251	576	11	just	just	ADV
cblr-14251	576	12	as	as	SCONJ
cblr-14251	576	13	consumer	consumer	NOUN
cblr-14251	576	14	demand	demand	NOUN
cblr-14251	576	15	would	would	AUX
cblr-14251	576	16	be	be	AUX
cblr-14251	576	17	.	.	PUNCT
cblr-14251	577	1	imagine	imagine	VERB
cblr-14251	577	2	that	that	SCONJ
cblr-14251	577	3	nostalgiable	nostalgiable	NOUN
cblr-14251	577	4	,	,	PUNCT
cblr-14251	577	5	the	the	DET
cblr-14251	577	6	hypothetical	hypothetical	ADJ
cblr-14251	577	7	sustainable	sustainable	ADJ
cblr-14251	577	8	clothing	clothing	NOUN
cblr-14251	577	9	company	company	NOUN
cblr-14251	577	10	previously	previously	ADV
cblr-14251	577	11	discussed	discuss	VERB
cblr-14251	577	12	,	,	PUNCT
cblr-14251	577	13	is	be	AUX
cblr-14251	577	14	able	able	ADJ
cblr-14251	577	15	to	to	PART
cblr-14251	577	16	fund	fund	VERB
cblr-14251	577	17	greater	great	ADJ
cblr-14251	577	18	value	value	NOUN
cblr-14251	577	19	-	-	PUNCT
cblr-14251	577	20	generating	generate	VERB
cblr-14251	577	21	projects	project	NOUN
cblr-14251	577	22	as	as	ADP
cblr-14251	577	23	a	a	DET
cblr-14251	577	24	result	result	NOUN
cblr-14251	577	25	of	of	ADP
cblr-14251	577	26	raising	raise	VERB
cblr-14251	577	27	capital	capital	NOUN
cblr-14251	577	28	at	at	ADP
cblr-14251	577	29	its	its	PRON
cblr-14251	577	30	higher	high	ADJ
cblr-14251	577	31	$	$	SYM
cblr-14251	577	32	20	20	NUM
cblr-14251	577	33	share	share	NOUN
cblr-14251	577	34	price	price	NOUN
cblr-14251	577	35	.	.	PUNCT
cblr-14251	578	1	this	this	PRON
cblr-14251	578	2	then	then	ADV
cblr-14251	578	3	raises	raise	VERB
cblr-14251	578	4	nostalgiable	nostalgiable	PROPN
cblr-14251	578	5	’s	’s	PART
cblr-14251	578	6	fundamental	fundamental	ADJ
cblr-14251	578	7	value	value	NOUN
cblr-14251	578	8	based	base	VERB
cblr-14251	578	9	on	on	ADP
cblr-14251	578	10	its	its	PRON
cblr-14251	578	11	cash	cash	NOUN
cblr-14251	578	12	flows	flow	NOUN
cblr-14251	578	13	.	.	PUNCT
cblr-14251	579	1	as	as	ADP
cblr-14251	579	2	its	its	PRON
cblr-14251	579	3	fundamental	fundamental	ADJ
cblr-14251	579	4	value	value	NOUN
cblr-14251	579	5	rises	rise	NOUN
cblr-14251	579	6	,	,	PUNCT
cblr-14251	579	7	$	$	SYM
cblr-14251	579	8	20	20	NUM
cblr-14251	579	9	per	per	ADP
cblr-14251	579	10	share	share	NOUN
cblr-14251	579	11	may	may	AUX
cblr-14251	579	12	no	no	ADV
cblr-14251	579	13	longer	long	ADV
cblr-14251	579	14	seem	seem	VERB
cblr-14251	579	15	inflated	inflated	ADJ
cblr-14251	579	16	.	.	PUNCT
cblr-14251	580	1	instead	instead	ADV
cblr-14251	580	2	,	,	PUNCT
cblr-14251	580	3	it	it	PRON
cblr-14251	580	4	may	may	AUX
cblr-14251	580	5	be	be	AUX
cblr-14251	580	6	informative	informative	ADJ
cblr-14251	580	7	.	.	PUNCT
cblr-14251	581	1	that	that	SCONJ
cblr-14251	581	2	the	the	DET
cblr-14251	581	3	stock	stock	NOUN
cblr-14251	581	4	market	market	NOUN
cblr-14251	581	5	can	can	AUX
cblr-14251	581	6	behave	behave	VERB
cblr-14251	581	7	like	like	ADP
cblr-14251	581	8	one	one	NUM
cblr-14251	581	9	for	for	ADP
cblr-14251	581	10	individual	individual	ADJ
cblr-14251	581	11	stocks	stock	NOUN
cblr-14251	581	12	does	do	AUX
cblr-14251	581	13	not	not	PART
cblr-14251	581	14	pose	pose	VERB
cblr-14251	581	15	an	an	DET
cblr-14251	581	16	existential	existential	ADJ
cblr-14251	581	17	threat	threat	NOUN
cblr-14251	581	18	to	to	ADP
cblr-14251	581	19	its	its	PRON
cblr-14251	581	20	operational	operational	ADJ
cblr-14251	581	21	efficiency	efficiency	NOUN
cblr-14251	581	22	.	.	PUNCT
cblr-14251	582	1	financial	financial	ADJ
cblr-14251	582	2	,	,	PUNCT
cblr-14251	582	3	fundamental	fundamental	ADJ
cblr-14251	582	4	value	value	NOUN
cblr-14251	582	5	likely	likely	ADV
cblr-14251	582	6	remains	remain	VERB
cblr-14251	582	7	the	the	DET
cblr-14251	582	8	primary	primary	ADJ
cblr-14251	582	9	driver	driver	NOUN
cblr-14251	582	10	of	of	ADP
cblr-14251	582	11	stock	stock	NOUN
cblr-14251	582	12	price	price	NOUN
cblr-14251	582	13	movements	movement	NOUN
cblr-14251	582	14	.	.	PUNCT
cblr-14251	583	1	but	but	CCONJ
cblr-14251	583	2	demand	demand	NOUN
cblr-14251	583	3	-	-	PUNCT
cblr-14251	583	4	driven	drive	VERB
cblr-14251	583	5	factors	factor	NOUN
cblr-14251	583	6	are	be	AUX
cblr-14251	583	7	important	important	ADJ
cblr-14251	583	8	and	and	CCONJ
cblr-14251	583	9	can	can	AUX
cblr-14251	583	10	be	be	AUX
cblr-14251	583	11	informative	informative	ADJ
cblr-14251	583	12	as	as	ADP
cblr-14251	583	13	well.142	well.142	NOUN
cblr-14251	583	14	recognizing	recognize	VERB
cblr-14251	583	15	the	the	DET
cblr-14251	583	16	market	market	NOUN
cblr-14251	583	17	’s	’s	PART
cblr-14251	583	18	capacity	capacity	NOUN
cblr-14251	583	19	to	to	PART
cblr-14251	583	20	price	price	VERB
cblr-14251	583	21	in	in	ADP
cblr-14251	583	22	demand	demand	NOUN
cblr-14251	583	23	can	can	AUX
cblr-14251	583	24	be	be	AUX
cblr-14251	583	25	more	more	ADV
cblr-14251	583	26	realistic	realistic	ADJ
cblr-14251	583	27	and	and	CCONJ
cblr-14251	583	28	useful	useful	ADJ
cblr-14251	583	29	both	both	CCONJ
cblr-14251	583	30	theoretically	theoretically	ADV
cblr-14251	583	31	and	and	CCONJ
cblr-14251	583	32	practically	practically	ADV
cblr-14251	583	33	.	.	PUNCT
cblr-14251	584	1	d.	d.	PROPN
cblr-14251	584	2	competition	competition	PROPN
cblr-14251	584	3	,	,	PUNCT
cblr-14251	584	4	firm	firm	ADJ
cblr-14251	584	5	incentives	incentive	NOUN
cblr-14251	584	6	,	,	PUNCT
cblr-14251	584	7	and	and	CCONJ
cblr-14251	584	8	the	the	DET
cblr-14251	584	9	market	market	NOUN
cblr-14251	584	10	for	for	ADP
cblr-14251	584	11	individual	individual	ADJ
cblr-14251	584	12	stocks	stock	NOUN
cblr-14251	584	13	in	in	ADP
cblr-14251	584	14	the	the	DET
cblr-14251	584	15	traditional	traditional	ADJ
cblr-14251	584	16	consumer	consumer	NOUN
cblr-14251	584	17	market	market	NOUN
cblr-14251	584	18	,	,	PUNCT
cblr-14251	584	19	goods	good	NOUN
cblr-14251	584	20	and	and	CCONJ
cblr-14251	584	21	services	service	NOUN
cblr-14251	584	22	provide	provide	VERB
cblr-14251	584	23	personal	personal	ADJ
cblr-14251	584	24	utility	utility	NOUN
cblr-14251	584	25	and	and	CCONJ
cblr-14251	584	26	reflect	reflect	VERB
cblr-14251	584	27	personal	personal	ADJ
cblr-14251	584	28	consumption	consumption	NOUN
cblr-14251	584	29	140	140	NUM
cblr-14251	584	30	griffin	griffin	NOUN
cblr-14251	584	31	,	,	PUNCT
cblr-14251	584	32	supra	supra	PROPN
cblr-14251	584	33	note	note	NOUN
cblr-14251	584	34	9	9	NUM
cblr-14251	584	35	,	,	PUNCT
cblr-14251	584	36	at	at	ADP
cblr-14251	584	37	34–35	34–35	NUM
cblr-14251	584	38	.	.	PUNCT
cblr-14251	585	1	141	141	NUM
cblr-14251	585	2	see	see	VERB
cblr-14251	585	3	i	i	PROPN
cblr-14251	585	4	d.	d.	PROPN
cblr-14251	585	5	at	at	ADP
cblr-14251	585	6	35	35	NUM
cblr-14251	585	7	.	.	PUNCT
cblr-14251	585	8	142	142	NUM
cblr-14251	585	9	indeed	indeed	ADV
cblr-14251	585	10	,	,	PUNCT
cblr-14251	585	11	tools	tool	NOUN
cblr-14251	585	12	such	such	ADJ
cblr-14251	585	13	as	as	ADP
cblr-14251	585	14	sntmnt	sntmnt	NOUN
cblr-14251	585	15	offer	offer	VERB
cblr-14251	585	16	financial	financial	ADJ
cblr-14251	585	17	sentiment	sentiment	NOUN
cblr-14251	585	18	analysis	analysis	NOUN
cblr-14251	585	19	for	for	ADP
cblr-14251	585	20	social	social	ADJ
cblr-14251	585	21	media	medium	NOUN
cblr-14251	585	22	.	.	PUNCT
cblr-14251	586	1	see	see	VERB
cblr-14251	586	2	sntmnt	sntmnt	NOUN
cblr-14251	586	3	,	,	PUNCT
cblr-14251	586	4	https://www.crunchbase.com/organization/sntmnt	https://www.crunchbase.com/organization/sntmnt	PROPN
cblr-14251	586	5	(	(	PUNCT
cblr-14251	586	6	“	"	PUNCT
cblr-14251	586	7	sntmnt	sntmnt	NOUN
cblr-14251	586	8	is	be	AUX
cblr-14251	586	9	developing	develop	VERB
cblr-14251	586	10	online	online	ADJ
cblr-14251	586	11	sentiment	sentiment	NOUN
cblr-14251	586	12	analysis	analysis	NOUN
cblr-14251	586	13	and	and	CCONJ
cblr-14251	586	14	prediction	prediction	NOUN
cblr-14251	586	15	tools	tool	NOUN
cblr-14251	586	16	that	that	PRON
cblr-14251	586	17	make	make	VERB
cblr-14251	586	18	financial	financial	ADJ
cblr-14251	586	19	sentiment	sentiment	NOUN
cblr-14251	586	20	in	in	ADP
cblr-14251	586	21	word	word	NOUN
cblr-14251	586	22	-	-	PUNCT
cblr-14251	586	23	of	of	ADP
cblr-14251	586	24	-	-	PUNCT
cblr-14251	586	25	mouth	mouth	NOUN
cblr-14251	586	26	surrounding	surround	VERB
cblr-14251	586	27	stocks	stock	NOUN
cblr-14251	586	28	tangible	tangible	ADJ
cblr-14251	586	29	.	.	PUNCT
cblr-14251	587	1	this	this	DET
cblr-14251	587	2	way	way	NOUN
cblr-14251	587	3	it	it	PRON
cblr-14251	587	4	helps	help	VERB
cblr-14251	587	5	investors	investor	NOUN
cblr-14251	587	6	make	make	VERB
cblr-14251	587	7	better	well	ADJ
cblr-14251	587	8	investment	investment	NOUN
cblr-14251	587	9	decisions	decision	NOUN
cblr-14251	587	10	.	.	PUNCT
cblr-14251	587	11	”	"	PUNCT
cblr-14251	587	12	)	)	PUNCT
cblr-14251	587	13	.	.	PUNCT
cblr-14251	588	1	266	266	NUM
cblr-14251	588	2	columbia	columbia	PROPN
cblr-14251	588	3	business	business	NOUN
cblr-14251	588	4	law	law	PROPN
cblr-14251	588	5	review	review	NOUN
cblr-14251	588	6	[	[	X
cblr-14251	588	7	vol	vol	NOUN
cblr-14251	588	8	.	.	PUNCT
cblr-14251	588	9	2025	2025	NUM
cblr-14251	588	10	values	value	NOUN
cblr-14251	588	11	and	and	CCONJ
cblr-14251	588	12	preferences.143	preferences.143	NOUN
cblr-14251	588	13	while	while	SCONJ
cblr-14251	588	14	prices	price	NOUN
cblr-14251	588	15	presumably	presumably	ADV
cblr-14251	588	16	reflect	reflect	VERB
cblr-14251	588	17	some	some	DET
cblr-14251	588	18	“	"	PUNCT
cblr-14251	588	19	fundamental	fundamental	ADJ
cblr-14251	588	20	”	"	PUNCT
cblr-14251	588	21	value	value	NOUN
cblr-14251	588	22	of	of	ADP
cblr-14251	588	23	any	any	DET
cblr-14251	588	24	given	give	VERB
cblr-14251	588	25	good	good	NOUN
cblr-14251	588	26	or	or	CCONJ
cblr-14251	588	27	service	service	NOUN
cblr-14251	588	28	,	,	PUNCT
cblr-14251	588	29	the	the	DET
cblr-14251	588	30	wide	wide	ADJ
cblr-14251	588	31	variations	variation	NOUN
cblr-14251	588	32	in	in	ADP
cblr-14251	588	33	prices	price	NOUN
cblr-14251	588	34	reflect	reflect	VERB
cblr-14251	588	35	deeper	deep	ADJ
cblr-14251	588	36	,	,	PUNCT
cblr-14251	588	37	hard	hard	ADJ
cblr-14251	588	38	-	-	PUNCT
cblr-14251	588	39	to	to	ADP
cblr-14251	588	40	-	-	PUNCT
cblr-14251	588	41	value	value	NOUN
cblr-14251	588	42	differences	difference	NOUN
cblr-14251	588	43	in	in	ADP
cblr-14251	588	44	consumer	consumer	NOUN
cblr-14251	588	45	demand	demand	NOUN
cblr-14251	588	46	.	.	PUNCT
cblr-14251	589	1	as	as	ADP
cblr-14251	589	2	a	a	DET
cblr-14251	589	3	result	result	NOUN
cblr-14251	589	4	,	,	PUNCT
cblr-14251	589	5	sellers	seller	NOUN
cblr-14251	589	6	naturally	naturally	ADV
cblr-14251	589	7	focus	focus	VERB
cblr-14251	589	8	on	on	ADP
cblr-14251	589	9	maximizing	maximize	VERB
cblr-14251	589	10	consumer	consumer	NOUN
cblr-14251	589	11	demand	demand	NOUN
cblr-14251	589	12	.	.	PUNCT
cblr-14251	590	1	marketing	marketing	NOUN
cblr-14251	590	2	is	be	AUX
cblr-14251	590	3	a	a	DET
cblr-14251	590	4	multibillion	multibillion	NUM
cblr-14251	590	5	-	-	PUNCT
cblr-14251	590	6	dollar	dollar	NOUN
cblr-14251	590	7	industry	industry	NOUN
cblr-14251	590	8	,	,	PUNCT
cblr-14251	590	9	and	and	CCONJ
cblr-14251	590	10	the	the	DET
cblr-14251	590	11	traditional	traditional	ADJ
cblr-14251	590	12	consumer	consumer	NOUN
cblr-14251	590	13	market	market	NOUN
cblr-14251	590	14	prominently	prominently	ADV
cblr-14251	590	15	features	feature	VERB
cblr-14251	590	16	competition	competition	NOUN
cblr-14251	590	17	.	.	PUNCT
cblr-14251	591	1	industry	industry	NOUN
cblr-14251	591	2	participants	participant	NOUN
cblr-14251	591	3	compete	compete	VERB
cblr-14251	591	4	against	against	ADP
cblr-14251	591	5	each	each	DET
cblr-14251	591	6	other	other	ADJ
cblr-14251	591	7	across	across	ADP
cblr-14251	591	8	almost	almost	ADV
cblr-14251	591	9	every	every	PRON
cblr-14251	591	10	possible	possible	ADJ
cblr-14251	591	11	dimension	dimension	NOUN
cblr-14251	591	12	,	,	PUNCT
cblr-14251	591	13	from	from	ADP
cblr-14251	591	14	quality	quality	NOUN
cblr-14251	591	15	,	,	PUNCT
cblr-14251	591	16	brand	brand	NOUN
cblr-14251	591	17	name	name	NOUN
cblr-14251	591	18	recognition	recognition	NOUN
cblr-14251	591	19	and	and	CCONJ
cblr-14251	591	20	endorsements	endorsement	NOUN
cblr-14251	591	21	,	,	PUNCT
cblr-14251	591	22	to	to	ADP
cblr-14251	591	23	distribution	distribution	NOUN
cblr-14251	591	24	speed	speed	NOUN
cblr-14251	591	25	and	and	CCONJ
cblr-14251	591	26	shipping	shipping	NOUN
cblr-14251	591	27	costs	cost	NOUN
cblr-14251	591	28	.	.	PUNCT
cblr-14251	592	1	consumer	consumer	NOUN
cblr-14251	592	2	demand	demand	NOUN
cblr-14251	592	3	is	be	AUX
cblr-14251	592	4	notoriously	notoriously	ADV
cblr-14251	592	5	complex	complex	ADJ
cblr-14251	592	6	,	,	PUNCT
cblr-14251	592	7	often	often	ADV
cblr-14251	592	8	subjective	subjective	ADJ
cblr-14251	592	9	,	,	PUNCT
cblr-14251	592	10	and	and	CCONJ
cblr-14251	592	11	sometimes	sometimes	ADV
cblr-14251	592	12	unpredictable.144	unpredictable.144	ADV
cblr-14251	592	13	by	by	ADP
cblr-14251	592	14	contrast	contrast	NOUN
cblr-14251	592	15	,	,	PUNCT
cblr-14251	592	16	the	the	DET
cblr-14251	592	17	stock	stock	NOUN
cblr-14251	592	18	market	market	NOUN
cblr-14251	592	19	as	as	ADP
cblr-14251	592	20	traditionally	traditionally	ADV
cblr-14251	592	21	conceived	conceive	VERB
cblr-14251	592	22	should	should	AUX
cblr-14251	592	23	not	not	PART
cblr-14251	592	24	feature	feature	VERB
cblr-14251	592	25	issuers	issuer	NOUN
cblr-14251	592	26	directly	directly	ADV
cblr-14251	592	27	competing	compete	VERB
cblr-14251	592	28	to	to	PART
cblr-14251	592	29	sell	sell	VERB
cblr-14251	592	30	their	their	PRON
cblr-14251	592	31	stock	stock	NOUN
cblr-14251	592	32	or	or	CCONJ
cblr-14251	592	33	to	to	PART
cblr-14251	592	34	attract	attract	VERB
cblr-14251	592	35	investors145	investors145	PROPN
cblr-14251	592	36	because	because	SCONJ
cblr-14251	592	37	stocks	stock	NOUN
cblr-14251	592	38	’	'	PUNCT
cblr-14251	592	39	valuations	valuation	NOUN
cblr-14251	592	40	reflect	reflect	VERB
cblr-14251	592	41	fundamental	fundamental	ADJ
cblr-14251	592	42	,	,	PUNCT
cblr-14251	592	43	intrinsic	intrinsic	ADJ
cblr-14251	592	44	value	value	NOUN
cblr-14251	592	45	that	that	PRON
cblr-14251	592	46	is	be	AUX
cblr-14251	592	47	determined	determine	VERB
cblr-14251	592	48	by	by	ADP
cblr-14251	592	49	the	the	DET
cblr-14251	592	50	underlying	underlie	VERB
cblr-14251	592	51	issuer	issuer	NOUN
cblr-14251	592	52	’s	’s	PART
cblr-14251	592	53	behavior	behavior	NOUN
cblr-14251	592	54	in	in	ADP
cblr-14251	592	55	a	a	DET
cblr-14251	592	56	separate	separate	ADJ
cblr-14251	592	57	market	market	NOUN
cblr-14251	592	58	—	—	PUNCT
cblr-14251	592	59	in	in	ADP
cblr-14251	592	60	a	a	DET
cblr-14251	592	61	typical	typical	ADJ
cblr-14251	592	62	example	example	NOUN
cblr-14251	592	63	,	,	PUNCT
cblr-14251	592	64	the	the	DET
cblr-14251	592	65	consumer	consumer	NOUN
cblr-14251	592	66	goods	good	NOUN
cblr-14251	592	67	and	and	CCONJ
cblr-14251	592	68	services	service	NOUN
cblr-14251	592	69	market	market	NOUN
cblr-14251	592	70	.	.	PUNCT
cblr-14251	593	1	yet	yet	ADV
cblr-14251	593	2	as	as	SCONJ
cblr-14251	593	3	investor	investor	NOUN
cblr-14251	593	4	demand	demand	NOUN
cblr-14251	593	5	becomes	become	VERB
cblr-14251	593	6	a	a	DET
cblr-14251	593	7	factor	factor	NOUN
cblr-14251	593	8	in	in	ADP
cblr-14251	593	9	the	the	DET
cblr-14251	593	10	stock	stock	NOUN
cblr-14251	593	11	market	market	NOUN
cblr-14251	593	12	,	,	PUNCT
cblr-14251	593	13	so	so	ADV
cblr-14251	593	14	too	too	ADV
cblr-14251	593	15	will	will	AUX
cblr-14251	593	16	competition	competition	VERB
cblr-14251	593	17	between	between	ADP
cblr-14251	593	18	issuers	issuer	NOUN
cblr-14251	593	19	—	—	PUNCT
cblr-14251	593	20	and	and	CCONJ
cblr-14251	593	21	between	between	ADP
cblr-14251	593	22	anyone	anyone	PRON
cblr-14251	593	23	who	who	PRON
cblr-14251	593	24	can	can	AUX
cblr-14251	593	25	profit	profit	VERB
cblr-14251	593	26	off	off	ADP
cblr-14251	593	27	of	of	ADP
cblr-14251	593	28	increased	increase	VERB
cblr-14251	593	29	demand	demand	NOUN
cblr-14251	593	30	for	for	ADP
cblr-14251	593	31	any	any	DET
cblr-14251	593	32	given	give	VERB
cblr-14251	593	33	stock	stock	NOUN
cblr-14251	593	34	—	—	PUNCT
cblr-14251	593	35	wrongdoers	wrongdoer	NOUN
cblr-14251	593	36	and	and	CCONJ
cblr-14251	593	37	fraudsters	fraudster	NOUN
cblr-14251	593	38	as	as	ADV
cblr-14251	593	39	well	well	ADV
cblr-14251	593	40	.	.	PUNCT
cblr-14251	594	1	competition	competition	NOUN
cblr-14251	594	2	across	across	ADP
cblr-14251	594	3	issuers	issuer	NOUN
cblr-14251	594	4	and	and	CCONJ
cblr-14251	594	5	funds	fund	NOUN
cblr-14251	594	6	for	for	ADP
cblr-14251	594	7	investors	investor	NOUN
cblr-14251	594	8	along	along	ADP
cblr-14251	594	9	demand	demand	NOUN
cblr-14251	594	10	-	-	PUNCT
cblr-14251	594	11	driven	drive	VERB
cblr-14251	594	12	factors	factor	NOUN
cblr-14251	594	13	is	be	AUX
cblr-14251	594	14	already	already	ADV
cblr-14251	594	15	occurring	occur	VERB
cblr-14251	594	16	—	—	PUNCT
cblr-14251	594	17	implicitly	implicitly	ADV
cblr-14251	594	18	acknowledging	acknowledge	VERB
cblr-14251	594	19	the	the	DET
cblr-14251	594	20	existence	existence	NOUN
cblr-14251	594	21	of	of	ADP
cblr-14251	594	22	a	a	DET
cblr-14251	594	23	market	market	NOUN
cblr-14251	594	24	for	for	ADP
cblr-14251	594	25	individual	individual	ADJ
cblr-14251	594	26	stocks	stock	NOUN
cblr-14251	594	27	.	.	PUNCT
cblr-14251	595	1	for	for	ADP
cblr-14251	595	2	example	example	NOUN
cblr-14251	595	3	,	,	PUNCT
cblr-14251	595	4	professors	professor	NOUN
cblr-14251	595	5	barzuza	barzuza	VERB
cblr-14251	595	6	,	,	PUNCT
cblr-14251	595	7	curtis	curtis	PROPN
cblr-14251	595	8	and	and	CCONJ
cblr-14251	595	9	webber	webber	PROPN
cblr-14251	595	10	have	have	AUX
cblr-14251	595	11	documented	document	VERB
cblr-14251	595	12	the	the	DET
cblr-14251	595	13	degree	degree	NOUN
cblr-14251	595	14	to	to	PART
cblr-14251	595	15	which	which	PRON
cblr-14251	595	16	index	index	NOUN
cblr-14251	595	17	funds	fund	NOUN
cblr-14251	595	18	compete	compete	VERB
cblr-14251	595	19	on	on	ADP
cblr-14251	595	20	esg	esg	PROPN
cblr-14251	595	21	in	in	ADP
cblr-14251	595	22	seeking	seek	VERB
cblr-14251	595	23	to	to	PART
cblr-14251	595	24	attract	attract	VERB
cblr-14251	595	25	younger	young	ADJ
cblr-14251	595	26	investors.146	investors.146	NOUN
cblr-14251	595	27	this	this	PRON
cblr-14251	595	28	can	can	AUX
cblr-14251	595	29	speed	speed	VERB
cblr-14251	595	30	up	up	ADP
cblr-14251	595	31	143	143	NUM
cblr-14251	595	32	see	see	NOUN
cblr-14251	595	33	griffin	griffin	NOUN
cblr-14251	595	34	,	,	PUNCT
cblr-14251	595	35	supra	supra	PROPN
cblr-14251	595	36	note	note	NOUN
cblr-14251	595	37	9	9	NUM
cblr-14251	595	38	,	,	PUNCT
cblr-14251	595	39	at	at	ADP
cblr-14251	595	40	7–13	7–13	PROPN
cblr-14251	595	41	(	(	PUNCT
cblr-14251	595	42	2023	2023	NUM
cblr-14251	595	43	)	)	PUNCT
cblr-14251	595	44	(	(	PUNCT
cblr-14251	595	45	describing	describe	VERB
cblr-14251	595	46	classical	classical	ADJ
cblr-14251	595	47	finance	finance	NOUN
cblr-14251	595	48	theory	theory	NOUN
cblr-14251	595	49	’s	’s	PART
cblr-14251	595	50	position	position	NOUN
cblr-14251	595	51	on	on	ADP
cblr-14251	595	52	the	the	DET
cblr-14251	595	53	differences	difference	NOUN
cblr-14251	595	54	between	between	ADP
cblr-14251	595	55	the	the	DET
cblr-14251	595	56	stock	stock	NOUN
cblr-14251	595	57	market	market	NOUN
cblr-14251	595	58	and	and	CCONJ
cblr-14251	595	59	markets	market	NOUN
cblr-14251	595	60	for	for	ADP
cblr-14251	595	61	other	other	ADJ
cblr-14251	595	62	goods	good	NOUN
cblr-14251	595	63	and	and	CCONJ
cblr-14251	595	64	services	service	NOUN
cblr-14251	595	65	,	,	PUNCT
cblr-14251	595	66	including	include	VERB
cblr-14251	595	67	that	that	SCONJ
cblr-14251	595	68	no	no	DET
cblr-14251	595	69	market	market	NOUN
cblr-14251	595	70	for	for	ADP
cblr-14251	595	71	individual	individual	ADJ
cblr-14251	595	72	stocks	stock	NOUN
cblr-14251	595	73	exists	exist	VERB
cblr-14251	595	74	,	,	PUNCT
cblr-14251	595	75	stocks	stock	NOUN
cblr-14251	595	76	exhibit	exhibit	VERB
cblr-14251	595	77	a	a	DET
cblr-14251	595	78	horizontal	horizontal	ADJ
cblr-14251	595	79	demand	demand	NOUN
cblr-14251	595	80	curve	curve	NOUN
cblr-14251	595	81	,	,	PUNCT
cblr-14251	595	82	stock	stock	NOUN
cblr-14251	595	83	prices	price	NOUN
cblr-14251	595	84	reflect	reflect	VERB
cblr-14251	595	85	only	only	ADJ
cblr-14251	595	86	fundamentals	fundamental	NOUN
cblr-14251	595	87	and	and	CCONJ
cblr-14251	595	88	control	control	NOUN
cblr-14251	595	89	premiums	premium	NOUN
cblr-14251	595	90	,	,	PUNCT
cblr-14251	595	91	and	and	CCONJ
cblr-14251	595	92	sophisticated	sophisticated	ADJ
cblr-14251	595	93	investors	investor	NOUN
cblr-14251	595	94	largely	largely	ADV
cblr-14251	595	95	determine	determine	VERB
cblr-14251	595	96	stock	stock	NOUN
cblr-14251	595	97	prices	price	NOUN
cblr-14251	595	98	)	)	PUNCT
cblr-14251	595	99	.	.	PUNCT
cblr-14251	596	1	144	144	NUM
cblr-14251	596	2	see	see	VERB
cblr-14251	596	3	roberts	roberts	PROPN
cblr-14251	596	4	,	,	PUNCT
cblr-14251	596	5	supra	supra	PROPN
cblr-14251	596	6	note	note	PROPN
cblr-14251	596	7	11	11	NUM
cblr-14251	596	8	,	,	PUNCT
cblr-14251	596	9	at	at	ADP
cblr-14251	596	10	101	101	NUM
cblr-14251	596	11	.	.	NOUN
cblr-14251	596	12	145	145	NUM
cblr-14251	596	13	in	in	ADP
cblr-14251	596	14	a	a	DET
cblr-14251	596	15	limited	limited	ADJ
cblr-14251	596	16	sense	sense	NOUN
cblr-14251	596	17	,	,	PUNCT
cblr-14251	596	18	one	one	PRON
cblr-14251	596	19	might	might	AUX
cblr-14251	596	20	characterize	characterize	VERB
cblr-14251	596	21	the	the	DET
cblr-14251	596	22	ipo	ipo	NOUN
cblr-14251	596	23	process	process	NOUN
cblr-14251	596	24	as	as	ADP
cblr-14251	596	25	a	a	DET
cblr-14251	596	26	competitive	competitive	ADJ
cblr-14251	596	27	one	one	NOUN
cblr-14251	596	28	in	in	ADP
cblr-14251	596	29	which	which	PRON
cblr-14251	596	30	companies	company	NOUN
cblr-14251	596	31	compete	compete	VERB
cblr-14251	596	32	for	for	ADP
cblr-14251	596	33	investor	investor	NOUN
cblr-14251	596	34	demand	demand	NOUN
cblr-14251	596	35	for	for	ADP
cblr-14251	596	36	their	their	PRON
cblr-14251	596	37	stocks	stock	NOUN
cblr-14251	596	38	.	.	PUNCT
cblr-14251	597	1	yet	yet	CCONJ
cblr-14251	597	2	the	the	DET
cblr-14251	597	3	formalized	formalized	ADJ
cblr-14251	597	4	and	and	CCONJ
cblr-14251	597	5	restrictive	restrictive	ADJ
cblr-14251	597	6	nature	nature	NOUN
cblr-14251	597	7	of	of	ADP
cblr-14251	597	8	the	the	DET
cblr-14251	597	9	process	process	NOUN
cblr-14251	597	10	differs	differ	VERB
cblr-14251	597	11	significantly	significantly	ADV
cblr-14251	597	12	from	from	ADP
cblr-14251	597	13	competition	competition	NOUN
cblr-14251	597	14	in	in	ADP
cblr-14251	597	15	markets	market	NOUN
cblr-14251	597	16	for	for	ADP
cblr-14251	597	17	traditional	traditional	ADJ
cblr-14251	597	18	goods	good	NOUN
cblr-14251	597	19	and	and	CCONJ
cblr-14251	597	20	services	service	NOUN
cblr-14251	597	21	.	.	PUNCT
cblr-14251	598	1	146	146	NUM
cblr-14251	598	2	see	see	VERB
cblr-14251	598	3	barzuza	barzuza	PROPN
cblr-14251	598	4	et	et	PROPN
cblr-14251	598	5	al	al	PROPN
cblr-14251	598	6	.	.	PROPN
cblr-14251	598	7	,	,	PUNCT
cblr-14251	598	8	supra	supra	PROPN
cblr-14251	598	9	note	note	PROPN
cblr-14251	598	10	25	25	NUM
cblr-14251	598	11	.	.	PUNCT
cblr-14251	599	1	no	no	INTJ
cblr-14251	599	2	.	.	NOUN
cblr-14251	599	3	1	1	NUM
cblr-14251	599	4	]	]	PUNCT
cblr-14251	599	5	securities	security	NOUN
cblr-14251	599	6	fraud	fraud	NOUN
cblr-14251	599	7	and	and	CCONJ
cblr-14251	599	8	the	the	DET
cblr-14251	599	9	market	market	NOUN
cblr-14251	599	10	for	for	ADP
cblr-14251	599	11	individual	individual	ADJ
cblr-14251	599	12	stocks	stock	NOUN
cblr-14251	599	13	267	267	NUM
cblr-14251	599	14	the	the	DET
cblr-14251	599	15	pipeline	pipeline	NOUN
cblr-14251	599	16	to	to	ADP
cblr-14251	599	17	effecting	effect	VERB
cblr-14251	599	18	change	change	NOUN
cblr-14251	599	19	at	at	ADP
cblr-14251	599	20	the	the	DET
cblr-14251	599	21	management	management	NOUN
cblr-14251	599	22	level	level	NOUN
cblr-14251	599	23	—	—	PUNCT
cblr-14251	599	24	and	and	CCONJ
cblr-14251	599	25	professors	professor	NOUN
cblr-14251	599	26	barzuza	barzuza	VERB
cblr-14251	599	27	,	,	PUNCT
cblr-14251	599	28	curtis	curtis	PROPN
cblr-14251	599	29	and	and	CCONJ
cblr-14251	599	30	webber	webber	PROPN
cblr-14251	599	31	have	have	AUX
cblr-14251	599	32	identified	identify	VERB
cblr-14251	599	33	the	the	DET
cblr-14251	599	34	power	power	NOUN
cblr-14251	599	35	of	of	ADP
cblr-14251	599	36	external	external	ADJ
cblr-14251	599	37	,	,	PUNCT
cblr-14251	599	38	social	social	ADJ
cblr-14251	599	39	esg	esg	PROPN
cblr-14251	599	40	pressures	pressure	NOUN
cblr-14251	599	41	to	to	PART
cblr-14251	599	42	significantly	significantly	ADV
cblr-14251	599	43	shift	shift	VERB
cblr-14251	599	44	the	the	DET
cblr-14251	599	45	incentives	incentive	NOUN
cblr-14251	599	46	of	of	ADP
cblr-14251	599	47	managers	manager	NOUN
cblr-14251	599	48	toward	toward	ADP
cblr-14251	599	49	prosocial	prosocial	ADJ
cblr-14251	599	50	goals.147	goals.147	NOUN
cblr-14251	599	51	the	the	DET
cblr-14251	599	52	more	more	ADJ
cblr-14251	599	53	that	that	SCONJ
cblr-14251	599	54	investors	investor	NOUN
cblr-14251	599	55	treat	treat	VERB
cblr-14251	599	56	the	the	DET
cblr-14251	599	57	market	market	NOUN
cblr-14251	599	58	as	as	ADP
cblr-14251	599	59	one	one	NUM
cblr-14251	599	60	for	for	ADP
cblr-14251	599	61	individual	individual	ADJ
cblr-14251	599	62	stocks	stock	NOUN
cblr-14251	599	63	,	,	PUNCT
cblr-14251	599	64	the	the	DET
cblr-14251	599	65	more	more	ADJ
cblr-14251	599	66	opportunities	opportunity	NOUN
cblr-14251	599	67	there	there	PRON
cblr-14251	599	68	will	will	AUX
cblr-14251	599	69	be	be	AUX
cblr-14251	599	70	for	for	ADP
cblr-14251	599	71	issuers	issuer	NOUN
cblr-14251	599	72	and	and	CCONJ
cblr-14251	599	73	institutions	institution	NOUN
cblr-14251	599	74	to	to	PART
cblr-14251	599	75	compete	compete	VERB
cblr-14251	599	76	along	along	ADP
cblr-14251	599	77	various	various	ADJ
cblr-14251	599	78	dimensions	dimension	NOUN
cblr-14251	599	79	such	such	ADJ
cblr-14251	599	80	as	as	ADP
cblr-14251	599	81	esg	esg	PROPN
cblr-14251	599	82	,	,	PUNCT
cblr-14251	599	83	politics	politic	NOUN
cblr-14251	599	84	,	,	PUNCT
cblr-14251	599	85	and	and	CCONJ
cblr-14251	599	86	other	other	ADJ
cblr-14251	599	87	cultural	cultural	ADJ
cblr-14251	599	88	and	and	CCONJ
cblr-14251	599	89	nonfinancial	nonfinancial	ADJ
cblr-14251	599	90	factors	factor	NOUN
cblr-14251	599	91	.	.	PUNCT
cblr-14251	600	1	there	there	PRON
cblr-14251	600	2	will	will	AUX
cblr-14251	600	3	also	also	ADV
cblr-14251	600	4	be	be	AUX
cblr-14251	600	5	opportunity	opportunity	NOUN
cblr-14251	600	6	for	for	SCONJ
cblr-14251	600	7	issuers	issuer	NOUN
cblr-14251	600	8	to	to	PART
cblr-14251	600	9	compete	compete	VERB
cblr-14251	600	10	to	to	PART
cblr-14251	600	11	maximize	maximize	VERB
cblr-14251	600	12	investor	investor	NOUN
cblr-14251	600	13	engagement	engagement	NOUN
cblr-14251	600	14	through	through	ADP
cblr-14251	600	15	investor	investor	NOUN
cblr-14251	600	16	inducements	inducement	NOUN
cblr-14251	600	17	and	and	CCONJ
cblr-14251	600	18	promotions	promotion	NOUN
cblr-14251	600	19	,	,	PUNCT
cblr-14251	600	20	which	which	PRON
cblr-14251	600	21	seem	seem	VERB
cblr-14251	600	22	to	to	PART
cblr-14251	600	23	affect	affect	VERB
cblr-14251	600	24	demand	demand	NOUN
cblr-14251	600	25	for	for	ADP
cblr-14251	600	26	firms	firm	NOUN
cblr-14251	600	27	’	'	PUNCT
cblr-14251	600	28	stock	stock	NOUN
cblr-14251	600	29	even	even	ADV
cblr-14251	600	30	though	though	SCONJ
cblr-14251	600	31	they	they	PRON
cblr-14251	600	32	should	should	AUX
cblr-14251	600	33	not	not	PART
cblr-14251	600	34	(	(	PUNCT
cblr-14251	600	35	since	since	SCONJ
cblr-14251	600	36	such	such	ADJ
cblr-14251	600	37	promotions	promotion	NOUN
cblr-14251	600	38	and	and	CCONJ
cblr-14251	600	39	inducements	inducement	NOUN
cblr-14251	600	40	have	have	VERB
cblr-14251	600	41	nothing	nothing	PRON
cblr-14251	600	42	to	to	PART
cblr-14251	600	43	do	do	VERB
cblr-14251	600	44	with	with	ADP
cblr-14251	600	45	the	the	DET
cblr-14251	600	46	firm	firm	NOUN
cblr-14251	600	47	’s	’s	PART
cblr-14251	600	48	fundamental	fundamental	ADJ
cblr-14251	600	49	value).148	value).148	PROPN
cblr-14251	600	50	as	as	SCONJ
cblr-14251	600	51	issuers	issuer	NOUN
cblr-14251	600	52	and	and	CCONJ
cblr-14251	600	53	institutions	institution	NOUN
cblr-14251	600	54	change	change	VERB
cblr-14251	600	55	their	their	PRON
cblr-14251	600	56	behavior	behavior	NOUN
cblr-14251	600	57	to	to	PART
cblr-14251	600	58	respond	respond	VERB
cblr-14251	600	59	to	to	ADP
cblr-14251	600	60	demand	demand	NOUN
cblr-14251	600	61	-	-	PUNCT
cblr-14251	600	62	driven	drive	VERB
cblr-14251	600	63	investing	investing	NOUN
cblr-14251	600	64	,	,	PUNCT
cblr-14251	600	65	the	the	DET
cblr-14251	600	66	role	role	NOUN
cblr-14251	600	67	played	play	VERB
cblr-14251	600	68	by	by	ADP
cblr-14251	600	69	demand	demand	NOUN
cblr-14251	600	70	-	-	PUNCT
cblr-14251	600	71	driven	drive	VERB
cblr-14251	600	72	factors	factor	NOUN
cblr-14251	600	73	will	will	AUX
cblr-14251	600	74	expand	expand	VERB
cblr-14251	600	75	,	,	PUNCT
cblr-14251	600	76	in	in	ADP
cblr-14251	600	77	turn	turn	NOUN
cblr-14251	600	78	leading	lead	VERB
cblr-14251	600	79	to	to	ADP
cblr-14251	600	80	further	further	ADJ
cblr-14251	600	81	changes	change	NOUN
cblr-14251	600	82	in	in	ADP
cblr-14251	600	83	the	the	DET
cblr-14251	600	84	behavior	behavior	NOUN
cblr-14251	600	85	of	of	ADP
cblr-14251	600	86	other	other	ADJ
cblr-14251	600	87	market	market	NOUN
cblr-14251	600	88	participants	participant	NOUN
cblr-14251	600	89	.	.	PUNCT
cblr-14251	601	1	that	that	PRON
cblr-14251	601	2	is	be	AUX
cblr-14251	601	3	,	,	PUNCT
cblr-14251	601	4	if	if	SCONJ
cblr-14251	601	5	investors	investor	NOUN
cblr-14251	601	6	continue	continue	VERB
cblr-14251	601	7	to	to	PART
cblr-14251	601	8	demand	demand	VERB
cblr-14251	601	9	stocks	stock	NOUN
cblr-14251	601	10	that	that	PRON
cblr-14251	601	11	reflect	reflect	VERB
cblr-14251	601	12	their	their	PRON
cblr-14251	601	13	personal	personal	ADJ
cblr-14251	601	14	utility	utility	NOUN
cblr-14251	601	15	and	and	CCONJ
cblr-14251	601	16	personal	personal	ADJ
cblr-14251	601	17	value	value	NOUN
cblr-14251	601	18	,	,	PUNCT
cblr-14251	601	19	firms	firm	NOUN
cblr-14251	601	20	and	and	CCONJ
cblr-14251	601	21	funds	fund	NOUN
cblr-14251	601	22	will	will	AUX
cblr-14251	601	23	continue	continue	VERB
cblr-14251	601	24	to	to	PART
cblr-14251	601	25	respond	respond	VERB
cblr-14251	601	26	,	,	PUNCT
cblr-14251	601	27	driving	drive	VERB
cblr-14251	601	28	the	the	DET
cblr-14251	601	29	portion	portion	NOUN
cblr-14251	601	30	of	of	ADP
cblr-14251	601	31	stock	stock	NOUN
cblr-14251	601	32	price	price	NOUN
cblr-14251	601	33	that	that	PRON
cblr-14251	601	34	reflects	reflect	VERB
cblr-14251	601	35	demand	demand	NOUN
cblr-14251	601	36	utility	utility	NOUN
cblr-14251	601	37	still	still	ADV
cblr-14251	601	38	higher	higher	ADV
cblr-14251	601	39	.	.	PUNCT
cblr-14251	602	1	e.	e.	PROPN
cblr-14251	602	2	human	human	PROPN
cblr-14251	602	3	investors	investor	NOUN
cblr-14251	602	4	in	in	ADP
cblr-14251	602	5	some	some	DET
cblr-14251	602	6	ways	way	NOUN
cblr-14251	602	7	,	,	PUNCT
cblr-14251	602	8	understanding	understand	VERB
cblr-14251	602	9	the	the	DET
cblr-14251	602	10	stock	stock	NOUN
cblr-14251	602	11	market	market	NOUN
cblr-14251	602	12	to	to	PART
cblr-14251	602	13	encompass	encompass	VERB
cblr-14251	602	14	individual	individual	ADJ
cblr-14251	602	15	investors	investor	NOUN
cblr-14251	602	16	interested	interested	ADJ
cblr-14251	602	17	in	in	ADP
cblr-14251	602	18	individual	individual	ADJ
cblr-14251	602	19	stocks	stock	NOUN
cblr-14251	602	20	reflects	reflect	VERB
cblr-14251	602	21	a	a	DET
cblr-14251	602	22	rather	rather	ADV
cblr-14251	602	23	unremarkable	unremarkable	ADJ
cblr-14251	602	24	reality	reality	NOUN
cblr-14251	602	25	:	:	PUNCT
cblr-14251	602	26	investors	investor	NOUN
cblr-14251	602	27	are	be	AUX
cblr-14251	602	28	human	human	ADJ
cblr-14251	602	29	,	,	PUNCT
cblr-14251	602	30	with	with	ADP
cblr-14251	602	31	individual	individual	ADJ
cblr-14251	602	32	human	human	ADJ
cblr-14251	602	33	preferences.149	preferences.149	PROPN
cblr-14251	602	34	moreover	moreover	ADV
cblr-14251	602	35	,	,	PUNCT
cblr-14251	602	36	it	it	PRON
cblr-14251	602	37	is	be	AUX
cblr-14251	602	38	147	147	NUM
cblr-14251	602	39	i	i	PRON
cblr-14251	602	40	d.	d.	PROPN
cblr-14251	602	41	at	at	ADP
cblr-14251	602	42	7	7	NUM
cblr-14251	602	43	.	.	NOUN
cblr-14251	602	44	148	148	NUM
cblr-14251	602	45	see	see	VERB
cblr-14251	602	46	i	i	PRON
cblr-14251	602	47	d.	d.	PROPN
cblr-14251	602	48	at	at	ADP
cblr-14251	602	49	26–27	26–27	PROPN
cblr-14251	602	50	.	.	PUNCT
cblr-14251	603	1	these	these	DET
cblr-14251	603	2	promotions	promotion	NOUN
cblr-14251	603	3	range	range	VERB
cblr-14251	603	4	from	from	ADP
cblr-14251	603	5	discounts	discount	NOUN
cblr-14251	603	6	on	on	ADP
cblr-14251	603	7	new	new	ADJ
cblr-14251	603	8	cars	car	NOUN
cblr-14251	603	9	for	for	ADP
cblr-14251	603	10	ford	ford	PROPN
cblr-14251	603	11	shareholders	shareholder	NOUN
cblr-14251	603	12	to	to	PART
cblr-14251	603	13	collectible	collectible	VERB
cblr-14251	603	14	shareholder	shareholder	NOUN
cblr-14251	603	15	certificates	certificate	NOUN
cblr-14251	603	16	that	that	PRON
cblr-14251	603	17	only	only	ADV
cblr-14251	603	18	disney	disney	NOUN
cblr-14251	603	19	shareholders	shareholder	NOUN
cblr-14251	603	20	can	can	AUX
cblr-14251	603	21	purchase	purchase	VERB
cblr-14251	603	22	.	.	PUNCT
cblr-14251	604	1	i	i	PRON
cblr-14251	604	2	d.	d.	PROPN
cblr-14251	604	3	149	149	NUM
cblr-14251	604	4	see	see	VERB
cblr-14251	604	5	lin	lin	PROPN
cblr-14251	604	6	,	,	PUNCT
cblr-14251	604	7	reasonable	reasonable	ADJ
cblr-14251	604	8	investor(s	investor(s	NOUN
cblr-14251	604	9	)	)	PUNCT
cblr-14251	604	10	,	,	PUNCT
cblr-14251	604	11	supra	supra	PROPN
cblr-14251	604	12	note	note	PROPN
cblr-14251	604	13	117	117	NUM
cblr-14251	604	14	,	,	PUNCT
cblr-14251	604	15	at	at	ADP
cblr-14251	604	16	462	462	NUM
cblr-14251	604	17	(	(	PUNCT
cblr-14251	604	18	“	"	PUNCT
cblr-14251	604	19	investors	investor	NOUN
cblr-14251	604	20	exist	exist	VERB
cblr-14251	604	21	everywhere	everywhere	ADV
cblr-14251	604	22	,	,	PUNCT
cblr-14251	604	23	in	in	ADP
cblr-14251	604	24	every	every	DET
cblr-14251	604	25	form	form	NOUN
cblr-14251	604	26	.	.	PUNCT
cblr-14251	605	1	they	they	PRON
cblr-14251	605	2	reside	reside	VERB
cblr-14251	605	3	in	in	ADP
cblr-14251	605	4	big	big	ADJ
cblr-14251	605	5	cities	city	NOUN
cblr-14251	605	6	and	and	CCONJ
cblr-14251	605	7	small	small	ADJ
cblr-14251	605	8	towns	town	NOUN
cblr-14251	605	9	,	,	PUNCT
cblr-14251	605	10	in	in	ADP
cblr-14251	605	11	magnificent	magnificent	ADJ
cblr-14251	605	12	mansions	mansion	NOUN
cblr-14251	605	13	and	and	CCONJ
cblr-14251	605	14	modest	modest	ADJ
cblr-14251	605	15	apartments	apartment	NOUN
cblr-14251	605	16	.	.	PUNCT
cblr-14251	606	1	they	they	PRON
cblr-14251	606	2	are	be	AUX
cblr-14251	606	3	famous	famous	ADJ
cblr-14251	606	4	as	as	ADV
cblr-14251	606	5	well	well	ADV
cblr-14251	606	6	as	as	ADP
cblr-14251	606	7	anonymous	anonymous	ADJ
cblr-14251	606	8	.	.	PUNCT
cblr-14251	607	1	they	they	PRON
cblr-14251	607	2	are	be	AUX
cblr-14251	607	3	financiers	financier	NOUN
cblr-14251	607	4	and	and	CCONJ
cblr-14251	607	5	farmers	farmer	NOUN
cblr-14251	607	6	,	,	PUNCT
cblr-14251	607	7	old	old	ADJ
cblr-14251	607	8	retirees	retiree	NOUN
cblr-14251	607	9	and	and	CCONJ
cblr-14251	607	10	new	new	ADJ
cblr-14251	607	11	workers	worker	NOUN
cblr-14251	607	12	,	,	PUNCT
cblr-14251	607	13	homemakers	homemaker	NOUN
cblr-14251	607	14	and	and	CCONJ
cblr-14251	607	15	fund	fund	NOUN
cblr-14251	607	16	managers	manager	NOUN
cblr-14251	607	17	,	,	PUNCT
cblr-14251	607	18	268	268	NUM
cblr-14251	607	19	columbia	columbia	PROPN
cblr-14251	607	20	business	business	NOUN
cblr-14251	607	21	law	law	PROPN
cblr-14251	607	22	review	review	NOUN
cblr-14251	607	23	[	[	X
cblr-14251	607	24	vol	vol	NOUN
cblr-14251	607	25	.	.	PUNCT
cblr-14251	607	26	2025	2025	NUM
cblr-14251	607	27	reasonable	reasonable	ADJ
cblr-14251	607	28	to	to	PART
cblr-14251	607	29	assume	assume	VERB
cblr-14251	607	30	that	that	SCONJ
cblr-14251	607	31	those	those	DET
cblr-14251	607	32	preferences	preference	NOUN
cblr-14251	607	33	are	be	AUX
cblr-14251	607	34	not	not	PART
cblr-14251	607	35	static	static	ADJ
cblr-14251	607	36	and	and	CCONJ
cblr-14251	607	37	may	may	AUX
cblr-14251	607	38	change	change	VERB
cblr-14251	607	39	over	over	ADP
cblr-14251	607	40	time.150	time.150	NOUN
cblr-14251	607	41	it	it	PRON
cblr-14251	607	42	is	be	AUX
cblr-14251	607	43	also	also	ADV
cblr-14251	607	44	sensible	sensible	ADJ
cblr-14251	607	45	to	to	PART
cblr-14251	607	46	imagine	imagine	VERB
cblr-14251	607	47	that	that	SCONJ
cblr-14251	607	48	different	different	ADJ
cblr-14251	607	49	kinds	kind	NOUN
cblr-14251	607	50	of	of	ADP
cblr-14251	607	51	information	information	NOUN
cblr-14251	607	52	may	may	AUX
cblr-14251	607	53	ebb	ebb	VERB
cblr-14251	607	54	and	and	CCONJ
cblr-14251	607	55	flow	flow	VERB
cblr-14251	607	56	in	in	ADP
cblr-14251	607	57	their	their	PRON
cblr-14251	607	58	importance	importance	NOUN
cblr-14251	607	59	to	to	ADP
cblr-14251	607	60	investors	investor	NOUN
cblr-14251	607	61	.	.	PUNCT
cblr-14251	608	1	thus	thus	ADV
cblr-14251	608	2	,	,	PUNCT
cblr-14251	608	3	if	if	SCONJ
cblr-14251	608	4	stakeholders	stakeholder	NOUN
cblr-14251	608	5	express	express	VERB
cblr-14251	608	6	preferences	preference	NOUN
cblr-14251	608	7	along	along	ADP
cblr-14251	608	8	shareholder	shareholder	NOUN
cblr-14251	608	9	proposals151	proposals151	PROPN
cblr-14251	608	10	and	and	CCONJ
cblr-14251	608	11	personal	personal	ADJ
cblr-14251	608	12	consumption	consumption	NOUN
cblr-14251	608	13	choices	choice	NOUN
cblr-14251	608	14	,	,	PUNCT
cblr-14251	608	15	why	why	SCONJ
cblr-14251	608	16	should	should	AUX
cblr-14251	608	17	they	they	PRON
cblr-14251	608	18	also	also	ADV
cblr-14251	608	19	not	not	PART
cblr-14251	608	20	express	express	VERB
cblr-14251	608	21	preferences	preference	NOUN
cblr-14251	608	22	along	along	ADP
cblr-14251	608	23	their	their	PRON
cblr-14251	608	24	investment	investment	NOUN
cblr-14251	608	25	choices	choice	NOUN
cblr-14251	608	26	as	as	ADV
cblr-14251	608	27	well	well	ADV
cblr-14251	608	28	?	?	PUNCT
cblr-14251	609	1	others	other	NOUN
cblr-14251	609	2	have	have	AUX
cblr-14251	609	3	argued	argue	VERB
cblr-14251	609	4	that	that	SCONJ
cblr-14251	609	5	investors	investor	NOUN
cblr-14251	609	6	exhibit	exhibit	VERB
cblr-14251	609	7	a	a	DET
cblr-14251	609	8	mix	mix	NOUN
cblr-14251	609	9	of	of	ADP
cblr-14251	609	10	“	"	PUNCT
cblr-14251	609	11	rationally	rationally	ADV
cblr-14251	609	12	selfinterested	selfintereste	VERB
cblr-14251	609	13	”	"	PUNCT
cblr-14251	609	14	and	and	CCONJ
cblr-14251	609	15	altruistic	altruistic	ADJ
cblr-14251	609	16	attributes,152	attributes,152	NOUN
cblr-14251	609	17	reminded	remind	VERB
cblr-14251	609	18	us	we	PRON
cblr-14251	609	19	that	that	SCONJ
cblr-14251	609	20	shareholders	shareholder	NOUN
cblr-14251	609	21	are	be	AUX
cblr-14251	609	22	“	"	PUNCT
cblr-14251	609	23	human	human	ADJ
cblr-14251	609	24	beings	being	NOUN
cblr-14251	609	25	living	live	VERB
cblr-14251	609	26	in	in	ADP
cblr-14251	609	27	a	a	DET
cblr-14251	609	28	society	society	NOUN
cblr-14251	609	29	and	and	CCONJ
cblr-14251	609	30	on	on	ADP
cblr-14251	609	31	a	a	DET
cblr-14251	609	32	shared	share	VERB
cblr-14251	609	33	planet,”153	planet,”153	NOUN
cblr-14251	609	34	and	and	CCONJ
cblr-14251	609	35	pointed	point	VERB
cblr-14251	609	36	out	out	ADP
cblr-14251	609	37	the	the	DET
cblr-14251	609	38	vast	vast	ADJ
cblr-14251	609	39	heterogeneity	heterogeneity	NOUN
cblr-14251	609	40	of	of	ADP
cblr-14251	609	41	investors	investor	NOUN
cblr-14251	609	42	,	,	PUNCT
cblr-14251	609	43	who	who	PRON
cblr-14251	609	44	have	have	VERB
cblr-14251	609	45	widely	widely	ADV
cblr-14251	609	46	varying	vary	VERB
cblr-14251	609	47	values	value	NOUN
cblr-14251	609	48	,	,	PUNCT
cblr-14251	609	49	ranging	range	VERB
cblr-14251	609	50	from	from	ADP
cblr-14251	609	51	wealth	wealth	NOUN
cblr-14251	609	52	maximization	maximization	NOUN
cblr-14251	609	53	to	to	ADP
cblr-14251	609	54	prosocial	prosocial	ADJ
cblr-14251	609	55	goals.154	goals.154	NOUN
cblr-14251	609	56	a	a	DET
cblr-14251	609	57	market	market	NOUN
cblr-14251	609	58	for	for	ADP
cblr-14251	609	59	individual	individual	ADJ
cblr-14251	609	60	stocks	stock	NOUN
cblr-14251	609	61	may	may	AUX
cblr-14251	609	62	also	also	ADV
cblr-14251	609	63	be	be	AUX
cblr-14251	609	64	particularly	particularly	ADV
cblr-14251	609	65	observable	observable	ADJ
cblr-14251	609	66	among	among	ADP
cblr-14251	609	67	younger	young	ADJ
cblr-14251	609	68	generations	generation	NOUN
cblr-14251	609	69	.	.	PUNCT
cblr-14251	610	1	for	for	ADP
cblr-14251	610	2	example	example	NOUN
cblr-14251	610	3	,	,	PUNCT
cblr-14251	610	4	a	a	DET
cblr-14251	610	5	finra	finra	PROPN
cblr-14251	610	6	investor	investor	PROPN
cblr-14251	610	7	education	education	PROPN
cblr-14251	610	8	foundation	foundation	NOUN
cblr-14251	610	9	report	report	NOUN
cblr-14251	610	10	found	find	VERB
cblr-14251	610	11	that	that	SCONJ
cblr-14251	610	12	younger	young	ADJ
cblr-14251	610	13	investors	investor	NOUN
cblr-14251	610	14	“	"	PUNCT
cblr-14251	610	15	are	be	AUX
cblr-14251	610	16	more	more	ADV
cblr-14251	610	17	likely	likely	ADJ
cblr-14251	610	18	than	than	SCONJ
cblr-14251	610	19	older	old	ADJ
cblr-14251	610	20	investors	investor	NOUN
cblr-14251	610	21	to	to	PART
cblr-14251	610	22	be	be	AUX
cblr-14251	610	23	public	public	ADJ
cblr-14251	610	24	employees	employee	NOUN
cblr-14251	610	25	and	and	CCONJ
cblr-14251	610	26	private	private	ADJ
cblr-14251	610	27	entrepreneurs	entrepreneur	NOUN
cblr-14251	610	28	,	,	PUNCT
cblr-14251	610	29	sole	sole	ADJ
cblr-14251	610	30	proprietorships	proprietorship	NOUN
cblr-14251	610	31	and	and	CCONJ
cblr-14251	610	32	partnerships	partnership	NOUN
cblr-14251	610	33	,	,	PUNCT
cblr-14251	610	34	people	people	NOUN
cblr-14251	610	35	and	and	CCONJ
cblr-14251	610	36	corporations	corporation	NOUN
cblr-14251	610	37	”	"	PUNCT
cblr-14251	610	38	)	)	PUNCT
cblr-14251	610	39	.	.	PUNCT
cblr-14251	611	1	150	150	NUM
cblr-14251	611	2	see	see	VERB
cblr-14251	611	3	joan	joan	PROPN
cblr-14251	611	4	macleod	macleod	PROPN
cblr-14251	611	5	heminway	heminway	PROPN
cblr-14251	611	6	,	,	PUNCT
cblr-14251	611	7	esg	esg	PROPN
cblr-14251	611	8	and	and	CCONJ
cblr-14251	611	9	insider	insider	NOUN
cblr-14251	611	10	trading	trading	NOUN
cblr-14251	611	11	,	,	PUNCT
cblr-14251	611	12	26	26	NUM
cblr-14251	611	13	u.	u.	PROPN
cblr-14251	611	14	penn	penn	PROPN
cblr-14251	611	15	.	.	PUNCT
cblr-14251	612	1	j.	j.	PROPN
cblr-14251	612	2	bus	bus	PROPN
cblr-14251	612	3	.	.	PUNCT
cblr-14251	613	1	l.	l.	PROPN
cblr-14251	613	2	1058	1058	NUM
cblr-14251	613	3	,	,	PUNCT
cblr-14251	613	4	1074	1074	NUM
cblr-14251	613	5	(	(	PUNCT
cblr-14251	613	6	2024	2024	NUM
cblr-14251	613	7	)	)	PUNCT
cblr-14251	613	8	;	;	PUNCT
cblr-14251	614	1	ismail	ismail	PROPN
cblr-14251	614	2	bel	bel	PROPN
cblr-14251	614	3	-	-	PUNCT
cblr-14251	614	4	bachir	bachir	NOUN
cblr-14251	614	5	et	et	PROPN
cblr-14251	614	6	al	al	PROPN
cblr-14251	614	7	.	.	PROPN
cblr-14251	614	8	,	,	PUNCT
cblr-14251	614	9	performance	performance	NOUN
cblr-14251	614	10	edge	edge	NOUN
cblr-14251	614	11	:	:	PUNCT
cblr-14251	614	12	investors	investor	NOUN
cblr-14251	614	13	hone	hone	VERB
cblr-14251	614	14	their	their	PRON
cblr-14251	614	15	strategies	strategy	NOUN
cblr-14251	614	16	for	for	ADP
cblr-14251	614	17	a	a	DET
cblr-14251	614	18	new	new	ADJ
cblr-14251	614	19	era	era	NOUN
cblr-14251	614	20	,	,	PUNCT
cblr-14251	614	21	mckinsey	mckinsey	PROPN
cblr-14251	614	22	&	&	CCONJ
cblr-14251	614	23	co.	co.	PROPN
cblr-14251	614	24	(	(	PUNCT
cblr-14251	614	25	july	july	PROPN
cblr-14251	614	26	10	10	NUM
cblr-14251	614	27	,	,	PUNCT
cblr-14251	614	28	2023	2023	NUM
cblr-14251	614	29	)	)	PUNCT
cblr-14251	614	30	,	,	PUNCT
cblr-14251	615	1	https://www.mckinsey.com/~/media/mckinsey/industries/private%20equity%20and%	https://www.mckinsey.com/~/media/mckinsey/industries/private%20equity%20and%	NOUN
cblr-14251	615	2	20prin	20prin	NUM
cblr-14251	615	3	cipal%20investors	cipal%20investor	NOUN
cblr-14251	615	4	/	/	SYM
cblr-14251	615	5	our%20insights	our%20insights	PROPN
cblr-14251	615	6	/	/	SYM
cblr-14251	615	7	performance%20edge%20investors%20hone%20	performance%20edge%20investors%20hone%20	PROPN
cblr-14251	615	8	t	t	NOUN
cblr-14251	615	9	heir%	heir%	NUM
cblr-14251	615	10	20strategies%20for%20a%20new%20era	20strategies%20for%20a%20new%20era	NUM
cblr-14251	615	11	/	/	SYM
cblr-14251	615	12	performance	performance	NOUN
cblr-14251	615	13	-	-	PUNCT
cblr-14251	615	14	edge	edge	NOUN
cblr-14251	615	15	-	-	PUNCT
cblr-14251	615	16	investors	investor	NOUN
cblr-14251	615	17	-	-	PUNCT
cblr-14251	615	18	f.pdf	f.pdf	NOUN
cblr-14251	615	19	(	(	PUNCT
cblr-14251	615	20	discussing	discuss	VERB
cblr-14251	615	21	investment	investment	NOUN
cblr-14251	615	22	concerns	concern	NOUN
cblr-14251	615	23	and	and	CCONJ
cblr-14251	615	24	responses	response	NOUN
cblr-14251	615	25	to	to	ADP
cblr-14251	615	26	recent	recent	ADJ
cblr-14251	615	27	events	event	NOUN
cblr-14251	615	28	including	include	VERB
cblr-14251	615	29	a	a	DET
cblr-14251	615	30	pandemic	pandemic	ADJ
cblr-14251	615	31	,	,	PUNCT
cblr-14251	615	32	war	war	NOUN
cblr-14251	615	33	,	,	PUNCT
cblr-14251	615	34	inflation	inflation	NOUN
cblr-14251	615	35	,	,	PUNCT
cblr-14251	615	36	and	and	CCONJ
cblr-14251	615	37	social	social	ADJ
cblr-14251	615	38	divisions	division	NOUN
cblr-14251	615	39	)	)	PUNCT
cblr-14251	615	40	.	.	PUNCT
cblr-14251	616	1	151	151	NUM
cblr-14251	616	2	see	see	VERB
cblr-14251	616	3	fisch	fisch	PROPN
cblr-14251	616	4	,	,	PUNCT
cblr-14251	616	5	supra	supra	PROPN
cblr-14251	616	6	note	note	PROPN
cblr-14251	616	7	81	81	NUM
cblr-14251	616	8	,	,	PUNCT
cblr-14251	616	9	at	at	ADP
cblr-14251	616	10	1849	1849	NUM
cblr-14251	616	11	(	(	PUNCT
cblr-14251	616	12	studying	study	VERB
cblr-14251	616	13	the	the	DET
cblr-14251	616	14	role	role	NOUN
cblr-14251	616	15	of	of	ADP
cblr-14251	616	16	shareholders	shareholder	NOUN
cblr-14251	616	17	as	as	ADP
cblr-14251	616	18	stakeholders	stakeholder	NOUN
cblr-14251	616	19	who	who	PRON
cblr-14251	616	20	have	have	AUX
cblr-14251	616	21	brought	bring	VERB
cblr-14251	616	22	shareholder	shareholder	NOUN
cblr-14251	616	23	proposals	proposal	NOUN
cblr-14251	616	24	on	on	ADP
cblr-14251	616	25	social	social	ADJ
cblr-14251	616	26	policy	policy	NOUN
cblr-14251	616	27	issues	issue	NOUN
cblr-14251	616	28	and	and	CCONJ
cblr-14251	616	29	explaining	explain	VERB
cblr-14251	616	30	that	that	SCONJ
cblr-14251	616	31	“	"	PUNCT
cblr-14251	616	32	[	[	PUNCT
cblr-14251	616	33	s]hareholders	s]hareholder	NOUN
cblr-14251	616	34	can	can	AUX
cblr-14251	616	35	choose	choose	VERB
cblr-14251	616	36	which	which	DET
cblr-14251	616	37	companies	company	NOUN
cblr-14251	616	38	to	to	PART
cblr-14251	616	39	invest	invest	VERB
cblr-14251	616	40	in	in	ADP
cblr-14251	616	41	.	.	PUNCT
cblr-14251	617	1	they	they	PRON
cblr-14251	617	2	can	can	AUX
cblr-14251	617	3	avoid	avoid	VERB
cblr-14251	617	4	companies	company	NOUN
cblr-14251	617	5	whose	whose	DET
cblr-14251	617	6	policies	policy	NOUN
cblr-14251	617	7	they	they	PRON
cblr-14251	617	8	disagree	disagree	VERB
cblr-14251	617	9	with	with	ADP
cblr-14251	617	10	,	,	PUNCT
cblr-14251	617	11	or	or	CCONJ
cblr-14251	617	12	they	they	PRON
cblr-14251	617	13	can	can	AUX
cblr-14251	617	14	invest	invest	VERB
cblr-14251	617	15	in	in	ADP
cblr-14251	617	16	those	those	DET
cblr-14251	617	17	companies	company	NOUN
cblr-14251	617	18	and	and	CCONJ
cblr-14251	617	19	push	push	VERB
cblr-14251	617	20	their	their	PRON
cblr-14251	617	21	fellow	fellow	ADJ
cblr-14251	617	22	shareholders	shareholder	NOUN
cblr-14251	617	23	to	to	PART
cblr-14251	617	24	support	support	VERB
cblr-14251	617	25	change	change	NOUN
cblr-14251	617	26	”	"	PUNCT
cblr-14251	617	27	)	)	PUNCT
cblr-14251	617	28	;	;	PUNCT
cblr-14251	617	29	see	see	VERB
cblr-14251	617	30	also	also	ADV
cblr-14251	617	31	dhruv	dhruv	PROPN
cblr-14251	617	32	aggarwal	aggarwal	PROPN
cblr-14251	617	33	et	et	PROPN
cblr-14251	617	34	al	al	PROPN
cblr-14251	617	35	.	.	PROPN
cblr-14251	617	36	,	,	PUNCT
cblr-14251	617	37	meme	meme	PROPN
cblr-14251	617	38	corporate	corporate	ADJ
cblr-14251	617	39	governance	governance	NOUN
cblr-14251	617	40	(	(	PUNCT
cblr-14251	617	41	european	european	PROPN
cblr-14251	617	42	corp	corp	PROPN
cblr-14251	617	43	.	.	PROPN
cblr-14251	617	44	governance	governance	PROPN
cblr-14251	617	45	inst	inst	PROPN
cblr-14251	617	46	.	.	PROPN
cblr-14251	617	47	,	,	PUNCT
cblr-14251	617	48	working	work	VERB
cblr-14251	617	49	paper	paper	NOUN
cblr-14251	617	50	no	no	INTJ
cblr-14251	617	51	.	.	PROPN
cblr-14251	617	52	681	681	NUM
cblr-14251	617	53	,	,	PUNCT
cblr-14251	617	54	2023	2023	NUM
cblr-14251	617	55	)	)	PUNCT
cblr-14251	617	56	(	(	PUNCT
cblr-14251	617	57	studying	study	VERB
cblr-14251	617	58	the	the	DET
cblr-14251	617	59	impact	impact	NOUN
cblr-14251	617	60	of	of	ADP
cblr-14251	617	61	retail	retail	ADJ
cblr-14251	617	62	investors	investor	NOUN
cblr-14251	617	63	on	on	ADP
cblr-14251	617	64	shareholder	shareholder	NOUN
cblr-14251	617	65	governance	governance	NOUN
cblr-14251	617	66	)	)	PUNCT
cblr-14251	617	67	.	.	PUNCT
cblr-14251	618	1	152	152	NUM
cblr-14251	618	2	griffin	griffin	NOUN
cblr-14251	618	3	,	,	PUNCT
cblr-14251	618	4	supra	supra	PROPN
cblr-14251	618	5	note	note	PROPN
cblr-14251	618	6	83	83	NUM
cblr-14251	618	7	,	,	PUNCT
cblr-14251	618	8	at	at	ADP
cblr-14251	618	9	19	19	NUM
cblr-14251	618	10	.	.	SYM
cblr-14251	618	11	153	153	NUM
cblr-14251	618	12	gramitto	gramitto	PROPN
cblr-14251	618	13	ricci	ricci	PROPN
cblr-14251	618	14	&	&	CCONJ
cblr-14251	618	15	sautter	sautter	PROPN
cblr-14251	618	16	,	,	PUNCT
cblr-14251	618	17	supra	supra	PROPN
cblr-14251	618	18	note	note	NOUN
cblr-14251	618	19	84	84	NUM
cblr-14251	618	20	,	,	PUNCT
cblr-14251	618	21	at	at	ADP
cblr-14251	618	22	84–86	84–86	NUM
cblr-14251	618	23	.	.	PUNCT
cblr-14251	619	1	154	154	NUM
cblr-14251	619	2	see	see	VERB
cblr-14251	619	3	stout	stout	NOUN
cblr-14251	619	4	,	,	PUNCT
cblr-14251	619	5	supra	supra	ADJ
cblr-14251	619	6	note	note	NOUN
cblr-14251	619	7	9	9	NUM
cblr-14251	619	8	,	,	PUNCT
cblr-14251	619	9	at	at	ADP
cblr-14251	619	10	5	5	NUM
cblr-14251	619	11	(	(	PUNCT
cblr-14251	619	12	pointing	point	VERB
cblr-14251	619	13	out	out	ADP
cblr-14251	619	14	that	that	SCONJ
cblr-14251	619	15	the	the	DET
cblr-14251	619	16	“	"	PUNCT
cblr-14251	619	17	prediction	prediction	NOUN
cblr-14251	619	18	of	of	ADP
cblr-14251	619	19	perfectly	perfectly	ADV
cblr-14251	619	20	flat	flat	ADJ
cblr-14251	619	21	demand	demand	NOUN
cblr-14251	619	22	ultimately	ultimately	ADV
cblr-14251	619	23	is	be	AUX
cblr-14251	619	24	an	an	DET
cblr-14251	619	25	artifact	artifact	NOUN
cblr-14251	619	26	of	of	ADP
cblr-14251	619	27	its	its	PRON
cblr-14251	619	28	investor	investor	NOUN
cblr-14251	619	29	homogeneity	homogeneity	NOUN
cblr-14251	619	30	assumption	assumption	NOUN
cblr-14251	619	31	”	"	PUNCT
cblr-14251	619	32	)	)	PUNCT
cblr-14251	619	33	.	.	PUNCT
cblr-14251	620	1	no	no	INTJ
cblr-14251	620	2	.	.	NOUN
cblr-14251	620	3	1	1	NUM
cblr-14251	620	4	]	]	PUNCT
cblr-14251	620	5	securities	security	NOUN
cblr-14251	620	6	fraud	fraud	NOUN
cblr-14251	620	7	and	and	CCONJ
cblr-14251	620	8	the	the	DET
cblr-14251	620	9	market	market	NOUN
cblr-14251	620	10	for	for	ADP
cblr-14251	620	11	individual	individual	ADJ
cblr-14251	620	12	stocks	stock	NOUN
cblr-14251	620	13	269	269	NUM
cblr-14251	620	14	investing	invest	VERB
cblr-14251	620	15	for	for	ADP
cblr-14251	620	16	reasons	reason	NOUN
cblr-14251	620	17	other	other	ADJ
cblr-14251	620	18	than	than	ADP
cblr-14251	620	19	long	long	ADJ
cblr-14251	620	20	-	-	PUNCT
cblr-14251	620	21	term	term	NOUN
cblr-14251	620	22	gains	gain	NOUN
cblr-14251	620	23	,	,	PUNCT
cblr-14251	620	24	such	such	ADJ
cblr-14251	620	25	as	as	ADP
cblr-14251	620	26	social	social	ADJ
cblr-14251	620	27	responsibility	responsibility	NOUN
cblr-14251	620	28	,	,	PUNCT
cblr-14251	620	29	entertainment	entertainment	NOUN
cblr-14251	620	30	,	,	PUNCT
cblr-14251	620	31	or	or	CCONJ
cblr-14251	620	32	social	social	ADJ
cblr-14251	620	33	activity	activity	NOUN
cblr-14251	620	34	.	.	PUNCT
cblr-14251	620	35	”155	”155	PUNCT
cblr-14251	621	1	studies	study	NOUN
cblr-14251	621	2	have	have	AUX
cblr-14251	621	3	also	also	ADV
cblr-14251	621	4	shown	show	VERB
cblr-14251	621	5	that	that	SCONJ
cblr-14251	621	6	these	these	DET
cblr-14251	621	7	investors	investor	NOUN
cblr-14251	621	8	are	be	AUX
cblr-14251	621	9	willing	willing	ADJ
cblr-14251	621	10	to	to	PART
cblr-14251	621	11	sacrifice	sacrifice	VERB
cblr-14251	621	12	returns	return	NOUN
cblr-14251	621	13	for	for	ADP
cblr-14251	621	14	investments	investment	NOUN
cblr-14251	621	15	that	that	PRON
cblr-14251	621	16	align	align	VERB
cblr-14251	621	17	with	with	ADP
cblr-14251	621	18	their	their	PRON
cblr-14251	621	19	values.156	values.156	NOUN
cblr-14251	621	20	nevertheless	nevertheless	ADV
cblr-14251	621	21	,	,	PUNCT
cblr-14251	621	22	acknowledging	acknowledge	VERB
cblr-14251	621	23	the	the	DET
cblr-14251	621	24	existence	existence	NOUN
cblr-14251	621	25	of	of	ADP
cblr-14251	621	26	a	a	DET
cblr-14251	621	27	market	market	NOUN
cblr-14251	621	28	for	for	ADP
cblr-14251	621	29	individual	individual	ADJ
cblr-14251	621	30	stocks	stock	NOUN
cblr-14251	621	31	complicates	complicate	VERB
cblr-14251	621	32	traditional	traditional	ADJ
cblr-14251	621	33	understandings	understanding	NOUN
cblr-14251	621	34	of	of	ADP
cblr-14251	621	35	investor	investor	NOUN
cblr-14251	621	36	motivation	motivation	NOUN
cblr-14251	621	37	and	and	CCONJ
cblr-14251	621	38	price	price	NOUN
cblr-14251	621	39	discovery	discovery	NOUN
cblr-14251	621	40	.	.	PUNCT
cblr-14251	622	1	as	as	SCONJ
cblr-14251	622	2	the	the	DET
cblr-14251	622	3	next	next	ADJ
cblr-14251	622	4	sections	section	NOUN
cblr-14251	622	5	will	will	AUX
cblr-14251	622	6	show	show	VERB
cblr-14251	622	7	,	,	PUNCT
cblr-14251	622	8	it	it	PRON
cblr-14251	622	9	also	also	ADV
cblr-14251	622	10	complicates	complicate	VERB
cblr-14251	622	11	the	the	DET
cblr-14251	622	12	prevailing	prevail	VERB
cblr-14251	622	13	reach	reach	NOUN
cblr-14251	622	14	of	of	ADP
cblr-14251	622	15	securities	security	NOUN
cblr-14251	622	16	fraud	fraud	NOUN
cblr-14251	622	17	laws	law	NOUN
cblr-14251	622	18	.	.	PUNCT
cblr-14251	623	1	iv	iv	X
cblr-14251	623	2	.	.	PUNCT
cblr-14251	623	3	securities	security	NOUN
cblr-14251	623	4	fraud	fraud	NOUN
cblr-14251	623	5	and	and	CCONJ
cblr-14251	623	6	the	the	DET
cblr-14251	623	7	market	market	NOUN
cblr-14251	623	8	for	for	ADP
cblr-14251	623	9	individual	individual	ADJ
cblr-14251	623	10	stocks	stock	NOUN
cblr-14251	623	11	securities	security	NOUN
cblr-14251	623	12	fraud	fraud	NOUN
cblr-14251	623	13	laws	law	NOUN
cblr-14251	623	14	—	—	PUNCT
cblr-14251	623	15	like	like	ADP
cblr-14251	623	16	the	the	DET
cblr-14251	623	17	underlying	underlie	VERB
cblr-14251	623	18	economic	economic	ADJ
cblr-14251	623	19	theory	theory	NOUN
cblr-14251	623	20	—	—	PUNCT
cblr-14251	623	21	are	be	AUX
cblr-14251	623	22	premised	premise	VERB
cblr-14251	623	23	on	on	ADP
cblr-14251	623	24	a	a	DET
cblr-14251	623	25	relatively	relatively	ADV
cblr-14251	623	26	linear	linear	ADJ
cblr-14251	623	27	relationship	relationship	NOUN
cblr-14251	623	28	between	between	ADP
cblr-14251	623	29	stock	stock	NOUN
cblr-14251	623	30	price	price	NOUN
cblr-14251	623	31	,	,	PUNCT
cblr-14251	623	32	investor	investor	NOUN
cblr-14251	623	33	demand	demand	NOUN
cblr-14251	623	34	,	,	PUNCT
cblr-14251	623	35	and	and	CCONJ
cblr-14251	623	36	financial	financial	ADJ
cblr-14251	623	37	information	information	NOUN
cblr-14251	623	38	.	.	PUNCT
cblr-14251	624	1	in	in	ADP
cblr-14251	624	2	other	other	ADJ
cblr-14251	624	3	words	word	NOUN
cblr-14251	624	4	,	,	PUNCT
cblr-14251	624	5	securities	security	NOUN
cblr-14251	624	6	fraud	fraud	NOUN
cblr-14251	624	7	laws	law	NOUN
cblr-14251	624	8	largely	largely	ADV
cblr-14251	624	9	assume	assume	VERB
cblr-14251	624	10	no	no	DET
cblr-14251	624	11	market	market	NOUN
cblr-14251	624	12	for	for	ADP
cblr-14251	624	13	individual	individual	ADJ
cblr-14251	624	14	stocks	stock	NOUN
cblr-14251	624	15	.	.	PUNCT
cblr-14251	625	1	this	this	DET
cblr-14251	625	2	assumption	assumption	NOUN
cblr-14251	625	3	creates	create	VERB
cblr-14251	625	4	a	a	DET
cblr-14251	625	5	convenient	convenient	ADJ
cblr-14251	625	6	foundation	foundation	NOUN
cblr-14251	625	7	for	for	ADP
cblr-14251	625	8	securities	security	NOUN
cblr-14251	625	9	fraud	fraud	NOUN
cblr-14251	625	10	laws	law	NOUN
cblr-14251	625	11	:	:	PUNCT
cblr-14251	625	12	investors	investor	NOUN
cblr-14251	625	13	rely	rely	VERB
cblr-14251	625	14	on	on	ADP
cblr-14251	625	15	stock	stock	NOUN
cblr-14251	625	16	prices	price	NOUN
cblr-14251	625	17	as	as	ADP
cblr-14251	625	18	information	information	NOUN
cblr-14251	625	19	transmission	transmission	NOUN
cblr-14251	625	20	mechanisms	mechanism	NOUN
cblr-14251	625	21	and	and	CCONJ
cblr-14251	625	22	do	do	VERB
cblr-14251	625	23	so	so	ADV
cblr-14251	625	24	in	in	ADP
cblr-14251	625	25	objective	objective	ADJ
cblr-14251	625	26	,	,	PUNCT
cblr-14251	625	27	measurable	measurable	ADJ
cblr-14251	625	28	ways	way	NOUN
cblr-14251	625	29	.	.	PUNCT
cblr-14251	626	1	securities	security	NOUN
cblr-14251	626	2	fraud	fraud	VERB
cblr-14251	626	3	laws	law	NOUN
cblr-14251	626	4	protect	protect	VERB
cblr-14251	626	5	against	against	ADP
cblr-14251	626	6	false	false	ADJ
cblr-14251	626	7	,	,	PUNCT
cblr-14251	626	8	material	material	ADJ
cblr-14251	626	9	information	information	NOUN
cblr-14251	626	10	–	–	PUNCT
cblr-14251	626	11	and	and	CCONJ
cblr-14251	626	12	in	in	ADP
cblr-14251	626	13	doing	do	VERB
cblr-14251	626	14	so	so	ADV
cblr-14251	626	15	,	,	PUNCT
cblr-14251	626	16	effectively	effectively	ADV
cblr-14251	626	17	protect	protect	VERB
cblr-14251	626	18	155	155	NUM
cblr-14251	626	19	judy	judy	NOUN
cblr-14251	626	20	t.	t.	PROPN
cblr-14251	626	21	lin	lin	PROPN
cblr-14251	626	22	et	et	PROPN
cblr-14251	626	23	al	al	PROPN
cblr-14251	626	24	.	.	PROPN
cblr-14251	626	25	,	,	PUNCT
cblr-14251	626	26	the	the	DET
cblr-14251	626	27	changing	change	VERB
cblr-14251	626	28	landscape	landscape	NOUN
cblr-14251	626	29	of	of	ADP
cblr-14251	626	30	investors	investor	NOUN
cblr-14251	626	31	in	in	ADP
cblr-14251	626	32	the	the	DET
cblr-14251	626	33	united	united	PROPN
cblr-14251	626	34	states	states	PROPN
cblr-14251	626	35	:	:	PUNCT
cblr-14251	626	36	a	a	DET
cblr-14251	626	37	report	report	NOUN
cblr-14251	626	38	of	of	ADP
cblr-14251	626	39	the	the	DET
cblr-14251	626	40	national	national	ADJ
cblr-14251	626	41	financial	financial	ADJ
cblr-14251	626	42	capability	capability	NOUN
cblr-14251	626	43	study	study	NOUN
cblr-14251	626	44	,	,	PUNCT
cblr-14251	626	45	finra	finra	PROPN
cblr-14251	626	46	foundation	foundation	PROPN
cblr-14251	626	47	,	,	PUNCT
cblr-14251	626	48	26	26	NUM
cblr-14251	626	49	(	(	PUNCT
cblr-14251	626	50	dec	dec	PROPN
cblr-14251	626	51	.	.	PROPN
cblr-14251	626	52	2022	2022	NUM
cblr-14251	626	53	)	)	PUNCT
cblr-14251	626	54	,	,	PUNCT
cblr-14251	626	55	https://www.finrafoundation.org/sites/finrafoundation/files/nfcs-investor-reportchanging-landscape.pdf	https://www.finrafoundation.org/sites/finrafoundation/files/nfcs-investor-reportchanging-landscape.pdf	NOUN
cblr-14251	626	56	[	[	X
cblr-14251	626	57	https://perma.cc/tlu8-twk4	https://perma.cc/tlu8-twk4	X
cblr-14251	626	58	]	]	X
cblr-14251	626	59	.	.	PUNCT
cblr-14251	627	1	see	see	VERB
cblr-14251	627	2	i	i	PRON
cblr-14251	627	3	d.	d.	PROPN
cblr-14251	627	4	at	at	ADP
cblr-14251	627	5	16	16	NUM
cblr-14251	627	6	(	(	PUNCT
cblr-14251	627	7	“	"	PUNCT
cblr-14251	627	8	roughly	roughly	ADV
cblr-14251	627	9	two	two	NUM
cblr-14251	627	10	in	in	ADP
cblr-14251	627	11	five	five	NUM
cblr-14251	627	12	investors	investor	NOUN
cblr-14251	627	13	under	under	ADP
cblr-14251	627	14	35	35	NUM
cblr-14251	627	15	considered	consider	VERB
cblr-14251	627	16	esg	esg	NOUN
cblr-14251	627	17	important	important	ADJ
cblr-14251	627	18	in	in	ADP
cblr-14251	627	19	investment	investment	NOUN
cblr-14251	627	20	decisions	decision	NOUN
cblr-14251	627	21	,	,	PUNCT
cblr-14251	627	22	compared	compare	VERB
cblr-14251	627	23	to	to	ADP
cblr-14251	627	24	one	one	NUM
cblr-14251	627	25	in	in	ADP
cblr-14251	627	26	five	five	NUM
cblr-14251	627	27	investors	investor	NOUN
cblr-14251	627	28	ages	age	NOUN
cblr-14251	627	29	35	35	NUM
cblr-14251	627	30	to	to	ADP
cblr-14251	627	31	54	54	NUM
cblr-14251	627	32	,	,	PUNCT
cblr-14251	627	33	and	and	CCONJ
cblr-14251	627	34	one	one	NUM
cblr-14251	627	35	in	in	ADP
cblr-14251	627	36	10	10	NUM
cblr-14251	627	37	investors	investor	NOUN
cblr-14251	627	38	55	55	NUM
cblr-14251	627	39	and	and	CCONJ
cblr-14251	627	40	older	old	ADJ
cblr-14251	627	41	.	.	PUNCT
cblr-14251	627	42	”	"	PUNCT
cblr-14251	627	43	)	)	PUNCT
cblr-14251	627	44	.	.	PUNCT
cblr-14251	628	1	156	156	NUM
cblr-14251	628	2	maitane	maitane	PROPN
cblr-14251	628	3	sardon	sardon	PROPN
cblr-14251	628	4	,	,	PUNCT
cblr-14251	628	5	a	a	DET
cblr-14251	628	6	guarded	guard	VERB
cblr-14251	628	7	generation	generation	NOUN
cblr-14251	628	8	:	:	PUNCT
cblr-14251	628	9	how	how	SCONJ
cblr-14251	628	10	millennials	millennial	NOUN
cblr-14251	628	11	view	view	VERB
cblr-14251	628	12	money	money	NOUN
cblr-14251	628	13	and	and	CCONJ
cblr-14251	628	14	investing	investing	NOUN
cblr-14251	628	15	,	,	PUNCT
cblr-14251	628	16	wall	wall	PROPN
cblr-14251	628	17	st	st	PROPN
cblr-14251	628	18	.	.	PROPN
cblr-14251	628	19	j.	j.	PROPN
cblr-14251	628	20	(	(	PUNCT
cblr-14251	628	21	mar	mar	PROPN
cblr-14251	628	22	.	.	PROPN
cblr-14251	628	23	13	13	NUM
cblr-14251	628	24	,	,	PUNCT
cblr-14251	628	25	2020	2020	NUM
cblr-14251	628	26	)	)	PUNCT
cblr-14251	628	27	,	,	PUNCT
cblr-14251	628	28	https://www.wsj.com/articles/the-recessionleft-millennialsloaded-with-debtand-cynical-11583956727	https://www.wsj.com/articles/the-recessionleft-millennialsloaded-with-debtand-cynical-11583956727	PROPN
cblr-14251	628	29	(	(	PUNCT
cblr-14251	628	30	finding	find	VERB
cblr-14251	628	31	that	that	SCONJ
cblr-14251	628	32	“	"	PUNCT
cblr-14251	628	33	almost	almost	ADV
cblr-14251	628	34	70	70	NUM
cblr-14251	628	35	%	%	NOUN
cblr-14251	628	36	of	of	ADP
cblr-14251	628	37	millennials	millennial	NOUN
cblr-14251	628	38	would	would	AUX
cblr-14251	628	39	choose	choose	VERB
cblr-14251	628	40	to	to	PART
cblr-14251	628	41	invest	invest	VERB
cblr-14251	628	42	in	in	ADP
cblr-14251	628	43	companies	company	NOUN
cblr-14251	628	44	with	with	ADP
cblr-14251	628	45	positive	positive	ADJ
cblr-14251	628	46	sustainability	sustainability	NOUN
cblr-14251	628	47	elements	element	NOUN
cblr-14251	628	48	even	even	ADV
cblr-14251	628	49	if	if	SCONJ
cblr-14251	628	50	that	that	PRON
cblr-14251	628	51	meant	mean	VERB
cblr-14251	628	52	a	a	DET
cblr-14251	628	53	5	5	NUM
cblr-14251	628	54	%	%	NOUN
cblr-14251	628	55	lower	low	ADJ
cblr-14251	628	56	return	return	NOUN
cblr-14251	628	57	on	on	ADP
cblr-14251	628	58	investment	investment	NOUN
cblr-14251	628	59	”	"	PUNCT
cblr-14251	628	60	)	)	PUNCT
cblr-14251	628	61	;	;	PUNCT
cblr-14251	629	1	jack	jack	PROPN
cblr-14251	629	2	caporal	caporal	PROPN
cblr-14251	629	3	,	,	PUNCT
cblr-14251	629	4	study	study	NOUN
cblr-14251	629	5	:	:	PUNCT
cblr-14251	629	6	what	what	PRON
cblr-14251	629	7	are	be	AUX
cblr-14251	629	8	gen	gen	PROPN
cblr-14251	629	9	z	z	NOUN
cblr-14251	629	10	and	and	CCONJ
cblr-14251	629	11	millennial	millennial	ADJ
cblr-14251	629	12	investors	investor	NOUN
cblr-14251	629	13	buying	buy	VERB
cblr-14251	629	14	in	in	ADP
cblr-14251	629	15	2024	2024	NUM
cblr-14251	629	16	?	?	PUNCT
cblr-14251	629	17	,	,	PUNCT
cblr-14251	629	18	motley	motley	ADJ
cblr-14251	629	19	fool	fool	NOUN
cblr-14251	629	20	(	(	PUNCT
cblr-14251	629	21	jan	jan	PROPN
cblr-14251	629	22	.	.	PROPN
cblr-14251	629	23	29	29	NUM
cblr-14251	629	24	.	.	PUNCT
cblr-14251	629	25	2024	2024	NUM
cblr-14251	629	26	)	)	PUNCT
cblr-14251	629	27	,	,	PUNCT
cblr-14251	629	28	https://www.fool.com/research/what-are-gen-z-millennial-investors-buying/	https://www.fool.com/research/what-are-gen-z-millennial-investors-buying/	PROPN
cblr-14251	629	29	(	(	PUNCT
cblr-14251	629	30	“	"	PUNCT
cblr-14251	629	31	other	other	ADJ
cblr-14251	629	32	surveys	survey	NOUN
cblr-14251	629	33	show	show	VERB
cblr-14251	629	34	that	that	SCONJ
cblr-14251	629	35	younger	young	ADJ
cblr-14251	629	36	investors	investor	NOUN
cblr-14251	629	37	are	be	AUX
cblr-14251	629	38	more	more	ADV
cblr-14251	629	39	likely	likely	ADJ
cblr-14251	629	40	to	to	PART
cblr-14251	629	41	align	align	VERB
cblr-14251	629	42	investments	investment	NOUN
cblr-14251	629	43	with	with	ADP
cblr-14251	629	44	their	their	PRON
cblr-14251	629	45	values	value	NOUN
cblr-14251	629	46	,	,	PUNCT
cblr-14251	629	47	even	even	ADV
cblr-14251	629	48	if	if	SCONJ
cblr-14251	629	49	it	it	PRON
cblr-14251	629	50	comes	come	VERB
cblr-14251	629	51	at	at	ADP
cblr-14251	629	52	the	the	DET
cblr-14251	629	53	expense	expense	NOUN
cblr-14251	629	54	of	of	ADP
cblr-14251	629	55	returns	return	NOUN
cblr-14251	629	56	.	.	PUNCT
cblr-14251	629	57	”	"	PUNCT
cblr-14251	629	58	)	)	PUNCT
cblr-14251	629	59	.	.	PUNCT
cblr-14251	630	1	270	270	NUM
cblr-14251	630	2	columbia	columbia	PROPN
cblr-14251	630	3	business	business	NOUN
cblr-14251	630	4	law	law	PROPN
cblr-14251	630	5	review	review	NOUN
cblr-14251	630	6	[	[	X
cblr-14251	630	7	vol	vol	NOUN
cblr-14251	630	8	.	.	PUNCT
cblr-14251	630	9	2025	2025	NUM
cblr-14251	630	10	investors	investor	NOUN
cblr-14251	630	11	’	’	PART
cblr-14251	630	12	reliance	reliance	NOUN
cblr-14251	630	13	in	in	ADP
cblr-14251	630	14	securities	security	NOUN
cblr-14251	630	15	transactions	transaction	NOUN
cblr-14251	630	16	.	.	PUNCT
cblr-14251	631	1	however	however	ADV
cblr-14251	631	2	,	,	PUNCT
cblr-14251	631	3	if	if	SCONJ
cblr-14251	631	4	demand	demand	NOUN
cblr-14251	631	5	-	-	PUNCT
cblr-14251	631	6	driven	drive	VERB
cblr-14251	631	7	factors	factor	NOUN
cblr-14251	631	8	also	also	ADV
cblr-14251	631	9	drive	drive	VERB
cblr-14251	631	10	stock	stock	NOUN
cblr-14251	631	11	price	price	NOUN
cblr-14251	631	12	movements	movement	NOUN
cblr-14251	631	13	in	in	ADP
cblr-14251	631	14	systematic	systematic	ADJ
cblr-14251	631	15	or	or	CCONJ
cblr-14251	631	16	predictable	predictable	ADJ
cblr-14251	631	17	ways	way	NOUN
cblr-14251	631	18	,	,	PUNCT
cblr-14251	631	19	should	should	AUX
cblr-14251	631	20	the	the	DET
cblr-14251	631	21	securities	security	NOUN
cblr-14251	631	22	laws	law	NOUN
cblr-14251	631	23	also	also	ADV
cblr-14251	631	24	protect	protect	VERB
cblr-14251	631	25	reliance	reliance	NOUN
cblr-14251	631	26	on	on	ADP
cblr-14251	631	27	such	such	ADJ
cblr-14251	631	28	factors	factor	NOUN
cblr-14251	631	29	?	?	PUNCT
cblr-14251	632	1	this	this	DET
cblr-14251	632	2	question	question	NOUN
cblr-14251	632	3	is	be	AUX
cblr-14251	632	4	particularly	particularly	ADV
cblr-14251	632	5	salient	salient	ADJ
cblr-14251	632	6	to	to	ADP
cblr-14251	632	7	the	the	DET
cblr-14251	632	8	extent	extent	NOUN
cblr-14251	632	9	that	that	SCONJ
cblr-14251	632	10	demand	demand	NOUN
cblr-14251	632	11	-	-	PUNCT
cblr-14251	632	12	driven	drive	VERB
cblr-14251	632	13	factors	factor	NOUN
cblr-14251	632	14	simply	simply	ADV
cblr-14251	632	15	reflect	reflect	VERB
cblr-14251	632	16	non	non	ADJ
cblr-14251	632	17	-	-	ADJ
cblr-14251	632	18	traditional	traditional	ADJ
cblr-14251	632	19	forms	form	NOUN
cblr-14251	632	20	of	of	ADP
cblr-14251	632	21	non	non	ADJ
cblr-14251	632	22	-	-	ADJ
cblr-14251	632	23	financial	financial	ADJ
cblr-14251	632	24	information	information	NOUN
cblr-14251	632	25	.	.	PUNCT
cblr-14251	633	1	this	this	DET
cblr-14251	633	2	section	section	NOUN
cblr-14251	633	3	shows	show	VERB
cblr-14251	633	4	that	that	SCONJ
cblr-14251	633	5	acknowledging	acknowledge	VERB
cblr-14251	633	6	the	the	DET
cblr-14251	633	7	existence	existence	NOUN
cblr-14251	633	8	of	of	ADP
cblr-14251	633	9	a	a	DET
cblr-14251	633	10	market	market	NOUN
cblr-14251	633	11	for	for	ADP
cblr-14251	633	12	individual	individual	ADJ
cblr-14251	633	13	stocks	stock	NOUN
cblr-14251	633	14	complicates	complicate	VERB
cblr-14251	633	15	the	the	DET
cblr-14251	633	16	elements	element	NOUN
cblr-14251	633	17	of	of	ADP
cblr-14251	633	18	a	a	DET
cblr-14251	633	19	rule	rule	NOUN
cblr-14251	633	20	10b-5	10b-5	NUM
cblr-14251	633	21	securities	security	NOUN
cblr-14251	633	22	fraud	fraud	NOUN
cblr-14251	633	23	action	action	NOUN
cblr-14251	633	24	.	.	PUNCT
cblr-14251	634	1	fraud	fraud	NOUN
cblr-14251	634	2	or	or	CCONJ
cblr-14251	634	3	wrongdoing	wrongdoing	NOUN
cblr-14251	634	4	targeted	target	VERB
cblr-14251	634	5	at	at	ADP
cblr-14251	634	6	the	the	DET
cblr-14251	634	7	demand	demand	NOUN
cblr-14251	634	8	aspect	aspect	NOUN
cblr-14251	634	9	of	of	ADP
cblr-14251	634	10	investing	invest	VERB
cblr-14251	634	11	in	in	ADP
cblr-14251	634	12	particular	particular	ADJ
cblr-14251	634	13	is	be	AUX
cblr-14251	634	14	worrisome	worrisome	ADJ
cblr-14251	634	15	,	,	PUNCT
cblr-14251	634	16	because	because	SCONJ
cblr-14251	634	17	the	the	DET
cblr-14251	634	18	traditional	traditional	ADJ
cblr-14251	634	19	securities	security	NOUN
cblr-14251	634	20	fraud	fraud	NOUN
cblr-14251	634	21	elements	element	NOUN
cblr-14251	634	22	map	map	VERB
cblr-14251	634	23	rather	rather	ADV
cblr-14251	634	24	awkwardly	awkwardly	ADV
cblr-14251	634	25	onto	onto	ADP
cblr-14251	634	26	fraud	fraud	NOUN
cblr-14251	634	27	in	in	ADP
cblr-14251	634	28	this	this	DET
cblr-14251	634	29	gray	gray	ADJ
cblr-14251	634	30	area	area	NOUN
cblr-14251	634	31	.	.	PUNCT
cblr-14251	635	1	part	part	NOUN
cblr-14251	635	2	a	a	DET
cblr-14251	635	3	summarizes	summarize	NOUN
cblr-14251	635	4	the	the	DET
cblr-14251	635	5	relevant	relevant	ADJ
cblr-14251	635	6	securities	security	NOUN
cblr-14251	635	7	fraud	fraud	NOUN
cblr-14251	635	8	laws	law	NOUN
cblr-14251	635	9	and	and	CCONJ
cblr-14251	635	10	shows	show	VERB
cblr-14251	635	11	significant	significant	ADJ
cblr-14251	635	12	overlap	overlap	NOUN
cblr-14251	635	13	between	between	ADP
cblr-14251	635	14	the	the	DET
cblr-14251	635	15	information	information	NOUN
cblr-14251	635	16	protected	protect	VERB
cblr-14251	635	17	under	under	ADP
cblr-14251	635	18	the	the	DET
cblr-14251	635	19	securities	security	NOUN
cblr-14251	635	20	laws	law	NOUN
cblr-14251	635	21	and	and	CCONJ
cblr-14251	635	22	information	information	NOUN
cblr-14251	635	23	traditionally	traditionally	ADV
cblr-14251	635	24	understood	understand	VERB
cblr-14251	635	25	to	to	PART
cblr-14251	635	26	move	move	VERB
cblr-14251	635	27	stock	stock	NOUN
cblr-14251	635	28	prices	price	NOUN
cblr-14251	635	29	.	.	PUNCT
cblr-14251	636	1	parts	part	NOUN
cblr-14251	636	2	b	b	PROPN
cblr-14251	636	3	through	through	ADP
cblr-14251	636	4	e	e	NOUN
cblr-14251	636	5	demonstrate	demonstrate	VERB
cblr-14251	636	6	how	how	SCONJ
cblr-14251	636	7	demand	demand	NOUN
cblr-14251	636	8	-	-	PUNCT
cblr-14251	636	9	driven	drive	VERB
cblr-14251	636	10	factors	factor	NOUN
cblr-14251	636	11	complicate	complicate	VERB
cblr-14251	636	12	four	four	NUM
cblr-14251	636	13	particularly	particularly	ADV
cblr-14251	636	14	relevant	relevant	ADJ
cblr-14251	636	15	elements	element	NOUN
cblr-14251	636	16	of	of	ADP
cblr-14251	636	17	a	a	DET
cblr-14251	636	18	rule	rule	NOUN
cblr-14251	636	19	10b-5	10b-5	NUM
cblr-14251	636	20	action	action	NOUN
cblr-14251	636	21	:	:	PUNCT
cblr-14251	636	22	falsity	falsity	NOUN
cblr-14251	636	23	,	,	PUNCT
cblr-14251	636	24	materiality	materiality	NOUN
cblr-14251	636	25	,	,	PUNCT
cblr-14251	636	26	nexus	nexus	NOUN
cblr-14251	636	27	,	,	PUNCT
cblr-14251	636	28	and	and	CCONJ
cblr-14251	636	29	reliance	reliance	NOUN
cblr-14251	636	30	.	.	PUNCT
cblr-14251	637	1	part	part	NOUN
cblr-14251	637	2	f	f	PROPN
cblr-14251	637	3	evaluates	evaluate	VERB
cblr-14251	637	4	overarching	overarch	VERB
cblr-14251	637	5	concerns	concern	NOUN
cblr-14251	637	6	.	.	PUNCT
cblr-14251	638	1	a.	a.	NOUN
cblr-14251	639	1	what	what	PRON
cblr-14251	639	2	do	do	AUX
cblr-14251	639	3	the	the	DET
cblr-14251	639	4	securities	security	NOUN
cblr-14251	639	5	fraud	fraud	NOUN
cblr-14251	639	6	laws	law	NOUN
cblr-14251	639	7	protect	protect	VERB
cblr-14251	639	8	?	?	PUNCT
cblr-14251	640	1	the	the	DET
cblr-14251	640	2	majority	majority	NOUN
cblr-14251	640	3	of	of	ADP
cblr-14251	640	4	securities	security	NOUN
cblr-14251	640	5	fraud	fraud	NOUN
cblr-14251	640	6	lawsuits	lawsuit	NOUN
cblr-14251	640	7	brought	bring	VERB
cblr-14251	640	8	by	by	ADP
cblr-14251	640	9	private	private	ADJ
cblr-14251	640	10	plaintiffs	plaintiff	NOUN
cblr-14251	640	11	are	be	AUX
cblr-14251	640	12	brought	bring	VERB
cblr-14251	640	13	pursuant	pursuant	ADV
cblr-14251	640	14	to	to	ADP
cblr-14251	640	15	section	section	NOUN
cblr-14251	640	16	10(b	10(b	NUM
cblr-14251	640	17	)	)	PUNCT
cblr-14251	640	18	of	of	ADP
cblr-14251	640	19	the	the	DET
cblr-14251	640	20	securities	securities	PROPN
cblr-14251	640	21	exchange	exchange	PROPN
cblr-14251	640	22	act	act	PROPN
cblr-14251	640	23	and	and	CCONJ
cblr-14251	640	24	its	its	PRON
cblr-14251	640	25	accompanying	accompanying	ADJ
cblr-14251	640	26	rule	rule	NOUN
cblr-14251	640	27	10b-5.157	10b-5.157	NUM
cblr-14251	640	28	section	section	NOUN
cblr-14251	640	29	10(b	10(b	NUM
cblr-14251	640	30	)	)	PUNCT
cblr-14251	640	31	of	of	ADP
cblr-14251	640	32	the	the	DET
cblr-14251	640	33	securities	security	NOUN
cblr-14251	640	34	exchange	exchange	PROPN
cblr-14251	640	35	act	act	NOUN
cblr-14251	640	36	renders	render	VERB
cblr-14251	640	37	it	it	PRON
cblr-14251	640	38	illegal	illegal	ADJ
cblr-14251	640	39	to	to	PART
cblr-14251	640	40	use	use	VERB
cblr-14251	640	41	“	"	PUNCT
cblr-14251	640	42	any	any	DET
cblr-14251	640	43	manipulative	manipulative	ADJ
cblr-14251	640	44	or	or	CCONJ
cblr-14251	640	45	deceptive	deceptive	ADJ
cblr-14251	640	46	device	device	NOUN
cblr-14251	640	47	”	"	PUNCT
cblr-14251	640	48	in	in	ADP
cblr-14251	640	49	connection	connection	NOUN
cblr-14251	640	50	with	with	ADP
cblr-14251	640	51	trading	trade	VERB
cblr-14251	640	52	a	a	DET
cblr-14251	640	53	security	security	NOUN
cblr-14251	640	54	in	in	ADP
cblr-14251	640	55	violation	violation	NOUN
cblr-14251	640	56	of	of	ADP
cblr-14251	640	57	a	a	DET
cblr-14251	640	58	securities	security	NOUN
cblr-14251	640	59	and	and	CCONJ
cblr-14251	640	60	exchange	exchange	PROPN
cblr-14251	640	61	commission	commission	NOUN
cblr-14251	640	62	rule.158	rule.158	PROPN
cblr-14251	640	63	rule	rule	NOUN
cblr-14251	640	64	10b-5	10b-5	NUM
cblr-14251	640	65	makes	make	VERB
cblr-14251	640	66	it	it	PRON
cblr-14251	640	67	illegal	illegal	ADJ
cblr-14251	640	68	:	:	PUNCT
cblr-14251	640	69	(	(	PUNCT
cblr-14251	640	70	a	a	X
cblr-14251	640	71	)	)	PUNCT
cblr-14251	640	72	to	to	PART
cblr-14251	640	73	employ	employ	VERB
cblr-14251	640	74	any	any	DET
cblr-14251	640	75	device	device	NOUN
cblr-14251	640	76	,	,	PUNCT
cblr-14251	640	77	scheme	scheme	NOUN
cblr-14251	640	78	,	,	PUNCT
cblr-14251	640	79	or	or	CCONJ
cblr-14251	640	80	artifice	artifice	VERB
cblr-14251	640	81	to	to	PART
cblr-14251	640	82	defraud	defraud	VERB
cblr-14251	640	83	,	,	PUNCT
cblr-14251	640	84	(	(	PUNCT
cblr-14251	640	85	b	b	X
cblr-14251	640	86	)	)	PUNCT
cblr-14251	640	87	to	to	PART
cblr-14251	640	88	make	make	VERB
cblr-14251	640	89	any	any	DET
cblr-14251	640	90	untrue	untrue	ADJ
cblr-14251	640	91	statement	statement	NOUN
cblr-14251	640	92	of	of	ADP
cblr-14251	640	93	a	a	DET
cblr-14251	640	94	material	material	ADJ
cblr-14251	640	95	fact	fact	NOUN
cblr-14251	640	96	or	or	CCONJ
cblr-14251	640	97	to	to	PART
cblr-14251	640	98	omit	omit	VERB
cblr-14251	640	99	to	to	PART
cblr-14251	640	100	state	state	VERB
cblr-14251	640	101	a	a	DET
cblr-14251	640	102	material	material	ADJ
cblr-14251	640	103	fact	fact	NOUN
cblr-14251	640	104	157	157	NUM
cblr-14251	640	105	see	see	VERB
cblr-14251	640	106	hurt	hurt	NOUN
cblr-14251	640	107	,	,	PUNCT
cblr-14251	640	108	supra	supra	PROPN
cblr-14251	640	109	note	note	NOUN
cblr-14251	640	110	125	125	NUM
cblr-14251	640	111	,	,	PUNCT
cblr-14251	640	112	at	at	ADP
cblr-14251	640	113	106	106	NUM
cblr-14251	640	114	(	(	PUNCT
cblr-14251	640	115	citing	cite	VERB
cblr-14251	640	116	cornerstone	cornerstone	NOUN
cblr-14251	640	117	rsch	rsch	NOUN
cblr-14251	640	118	.	.	PUNCT
cblr-14251	640	119	,	,	PUNCT
cblr-14251	640	120	securities	security	NOUN
cblr-14251	640	121	class	class	NOUN
cblr-14251	640	122	action	action	NOUN
cblr-14251	640	123	filings	filing	NOUN
cblr-14251	640	124	:	:	PUNCT
cblr-14251	640	125	2022	2022	NUM
cblr-14251	640	126	year	year	NOUN
cblr-14251	640	127	in	in	ADP
cblr-14251	640	128	review	review	NOUN
cblr-14251	640	129	18	18	NUM
cblr-14251	640	130	(	(	PUNCT
cblr-14251	640	131	2023	2023	NUM
cblr-14251	640	132	)	)	PUNCT
cblr-14251	641	1	https://www.cornerstone.com/wpcontent/uploads/2023/05/securities-class-action-filings-2022-year-in-review.pdf	https://www.cornerstone.com/wpcontent/uploads/2023/05/securities-class-action-filings-2022-year-in-review.pdf	NOUN
cblr-14251	642	1	[	[	X
cblr-14251	642	2	https://perma.cc/7qsm-9htj	https://perma.cc/7qsm-9htj	X
cblr-14251	642	3	]	]	X
cblr-14251	642	4	(	(	PUNCT
cblr-14251	642	5	finding	find	VERB
cblr-14251	642	6	that	that	SCONJ
cblr-14251	642	7	83	83	NUM
cblr-14251	642	8	%	%	NOUN
cblr-14251	642	9	of	of	ADP
cblr-14251	642	10	class	class	NOUN
cblr-14251	642	11	action	action	NOUN
cblr-14251	642	12	complaints	complaint	NOUN
cblr-14251	642	13	in	in	ADP
cblr-14251	642	14	2022	2022	NUM
cblr-14251	642	15	alleged	allege	VERB
cblr-14251	642	16	a	a	DET
cblr-14251	642	17	violation	violation	NOUN
cblr-14251	642	18	of	of	ADP
cblr-14251	642	19	rule	rule	NOUN
cblr-14251	642	20	10b-5	10b-5	NUM
cblr-14251	642	21	)	)	PUNCT
cblr-14251	642	22	.	.	PUNCT
cblr-14251	643	1	158	158	NUM
cblr-14251	643	2	securities	security	NOUN
cblr-14251	643	3	exchange	exchange	PROPN
cblr-14251	643	4	act	act	NOUN
cblr-14251	643	5	of	of	ADP
cblr-14251	643	6	1934	1934	NUM
cblr-14251	643	7	,	,	PUNCT
cblr-14251	643	8	15	15	NUM
cblr-14251	643	9	u.s.c	u.s.c	ADJ
cblr-14251	643	10	.	.	PUNCT
cblr-14251	644	1	§	§	PROPN
cblr-14251	644	2	78j(b	78j(b	NUM
cblr-14251	644	3	)	)	PUNCT
cblr-14251	644	4	.	.	PUNCT
cblr-14251	645	1	no	no	INTJ
cblr-14251	645	2	.	.	NOUN
cblr-14251	645	3	1	1	NUM
cblr-14251	645	4	]	]	PUNCT
cblr-14251	645	5	securities	security	NOUN
cblr-14251	645	6	fraud	fraud	NOUN
cblr-14251	645	7	and	and	CCONJ
cblr-14251	645	8	the	the	DET
cblr-14251	645	9	market	market	NOUN
cblr-14251	645	10	for	for	ADP
cblr-14251	645	11	individual	individual	ADJ
cblr-14251	645	12	stocks	stock	NOUN
cblr-14251	645	13	271	271	NUM
cblr-14251	645	14	necessary	necessary	ADJ
cblr-14251	645	15	in	in	ADP
cblr-14251	645	16	order	order	NOUN
cblr-14251	645	17	to	to	PART
cblr-14251	645	18	make	make	VERB
cblr-14251	645	19	the	the	DET
cblr-14251	645	20	statements	statement	NOUN
cblr-14251	645	21	made	make	VERB
cblr-14251	645	22	,	,	PUNCT
cblr-14251	645	23	in	in	ADP
cblr-14251	645	24	the	the	DET
cblr-14251	645	25	light	light	NOUN
cblr-14251	645	26	of	of	ADP
cblr-14251	645	27	the	the	DET
cblr-14251	645	28	circumstances	circumstance	NOUN
cblr-14251	645	29	under	under	ADP
cblr-14251	645	30	which	which	PRON
cblr-14251	645	31	they	they	PRON
cblr-14251	645	32	were	be	AUX
cblr-14251	645	33	made	make	VERB
cblr-14251	645	34	,	,	PUNCT
cblr-14251	645	35	not	not	PART
cblr-14251	645	36	misleading	misleading	ADJ
cblr-14251	645	37	,	,	PUNCT
cblr-14251	645	38	or	or	CCONJ
cblr-14251	645	39	(	(	PUNCT
cblr-14251	645	40	c	c	X
cblr-14251	645	41	)	)	PUNCT
cblr-14251	645	42	to	to	PART
cblr-14251	645	43	engage	engage	VERB
cblr-14251	645	44	in	in	ADP
cblr-14251	645	45	any	any	DET
cblr-14251	645	46	act	act	NOUN
cblr-14251	645	47	,	,	PUNCT
cblr-14251	645	48	practice	practice	NOUN
cblr-14251	645	49	,	,	PUNCT
cblr-14251	645	50	or	or	CCONJ
cblr-14251	645	51	course	course	NOUN
cblr-14251	645	52	of	of	ADP
cblr-14251	645	53	business	business	NOUN
cblr-14251	645	54	which	which	PRON
cblr-14251	645	55	operates	operate	VERB
cblr-14251	645	56	or	or	CCONJ
cblr-14251	645	57	would	would	AUX
cblr-14251	645	58	operate	operate	VERB
cblr-14251	645	59	as	as	ADP
cblr-14251	645	60	a	a	DET
cblr-14251	645	61	fraud	fraud	NOUN
cblr-14251	645	62	or	or	CCONJ
cblr-14251	645	63	deceit	deceit	NOUN
cblr-14251	645	64	upon	upon	SCONJ
cblr-14251	645	65	any	any	DET
cblr-14251	645	66	person[.]159	person[.]159	NUM
cblr-14251	645	67	securities	security	NOUN
cblr-14251	645	68	fraud	fraud	NOUN
cblr-14251	645	69	laws	law	NOUN
cblr-14251	645	70	do	do	AUX
cblr-14251	645	71	not	not	PART
cblr-14251	645	72	protect	protect	VERB
cblr-14251	645	73	against	against	ADP
cblr-14251	645	74	any	any	PRON
cblr-14251	645	75	and	and	CCONJ
cblr-14251	645	76	all	all	DET
cblr-14251	645	77	statements	statement	NOUN
cblr-14251	645	78	.	.	PUNCT
cblr-14251	646	1	they	they	PRON
cblr-14251	646	2	protect	protect	VERB
cblr-14251	646	3	against	against	ADP
cblr-14251	646	4	statements	statement	NOUN
cblr-14251	646	5	that	that	PRON
cblr-14251	646	6	are	be	AUX
cblr-14251	646	7	false	false	ADJ
cblr-14251	646	8	,	,	PUNCT
cblr-14251	646	9	material	material	NOUN
cblr-14251	646	10	,	,	PUNCT
cblr-14251	646	11	and	and	CCONJ
cblr-14251	646	12	made	make	VERB
cblr-14251	646	13	in	in	ADP
cblr-14251	646	14	connection	connection	NOUN
cblr-14251	646	15	with	with	ADP
cblr-14251	646	16	the	the	DET
cblr-14251	646	17	purchase	purchase	NOUN
cblr-14251	646	18	or	or	CCONJ
cblr-14251	646	19	sale	sale	NOUN
cblr-14251	646	20	of	of	ADP
cblr-14251	646	21	a	a	DET
cblr-14251	646	22	security	security	NOUN
cblr-14251	646	23	(	(	PUNCT
cblr-14251	646	24	among	among	ADP
cblr-14251	646	25	other	other	ADJ
cblr-14251	646	26	requirements).160	requirements).160	VERB
cblr-14251	646	27	these	these	DET
cblr-14251	646	28	requirements	requirement	NOUN
cblr-14251	646	29	implicitly	implicitly	ADV
cblr-14251	646	30	assume	assume	VERB
cblr-14251	646	31	no	no	DET
cblr-14251	646	32	demand	demand	NOUN
cblr-14251	646	33	for	for	ADP
cblr-14251	646	34	individual	individual	ADJ
cblr-14251	646	35	stocks	stock	NOUN
cblr-14251	646	36	.	.	PUNCT
cblr-14251	647	1	instead	instead	ADV
cblr-14251	647	2	,	,	PUNCT
cblr-14251	647	3	they	they	PRON
cblr-14251	647	4	are	be	AUX
cblr-14251	647	5	premised	premise	VERB
cblr-14251	647	6	on	on	ADP
cblr-14251	647	7	the	the	DET
cblr-14251	647	8	theory	theory	NOUN
cblr-14251	647	9	that	that	SCONJ
cblr-14251	647	10	stock	stock	NOUN
cblr-14251	647	11	prices	price	NOUN
cblr-14251	647	12	(	(	PUNCT
cblr-14251	647	13	generally	generally	ADV
cblr-14251	647	14	)	)	PUNCT
cblr-14251	647	15	behave	behave	VERB
cblr-14251	647	16	rationally	rationally	ADV
cblr-14251	647	17	,	,	PUNCT
cblr-14251	647	18	and	and	CCONJ
cblr-14251	647	19	investors	investor	NOUN
cblr-14251	647	20	(	(	PUNCT
cblr-14251	647	21	generally	generally	ADV
cblr-14251	647	22	)	)	PUNCT
cblr-14251	647	23	process	process	NOUN
cblr-14251	647	24	information	information	NOUN
cblr-14251	647	25	rationally	rationally	ADV
cblr-14251	647	26	.	.	PUNCT
cblr-14251	648	1	thus	thus	ADV
cblr-14251	648	2	,	,	PUNCT
cblr-14251	648	3	a	a	DET
cblr-14251	648	4	stock	stock	NOUN
cblr-14251	648	5	’s	’s	PART
cblr-14251	648	6	price	price	NOUN
cblr-14251	648	7	reflects	reflect	VERB
cblr-14251	648	8	a	a	DET
cblr-14251	648	9	known	know	VERB
cblr-14251	648	10	set	set	NOUN
cblr-14251	648	11	of	of	ADP
cblr-14251	648	12	material	material	NOUN
cblr-14251	648	13	information	information	NOUN
cblr-14251	648	14	(	(	PUNCT
cblr-14251	648	15	typically	typically	ADV
cblr-14251	648	16	,	,	PUNCT
cblr-14251	648	17	financial	financial	ADJ
cblr-14251	648	18	information	information	NOUN
cblr-14251	648	19	)	)	PUNCT
cblr-14251	648	20	,	,	PUNCT
cblr-14251	648	21	investors	investor	NOUN
cblr-14251	648	22	rationally	rationally	ADV
cblr-14251	648	23	discount	discount	VERB
cblr-14251	648	24	information	information	NOUN
cblr-14251	648	25	outside	outside	ADP
cblr-14251	648	26	the	the	DET
cblr-14251	648	27	bounds	bound	NOUN
cblr-14251	648	28	of	of	ADP
cblr-14251	648	29	this	this	DET
cblr-14251	648	30	set	set	NOUN
cblr-14251	648	31	,	,	PUNCT
cblr-14251	648	32	and	and	CCONJ
cblr-14251	648	33	wrongdoers	wrongdoer	NOUN
cblr-14251	648	34	who	who	PRON
cblr-14251	648	35	intentionally	intentionally	ADV
cblr-14251	648	36	manipulate	manipulate	VERB
cblr-14251	648	37	or	or	CCONJ
cblr-14251	648	38	make	make	VERB
cblr-14251	648	39	misrepresentations	misrepresentation	NOUN
cblr-14251	648	40	about	about	ADP
cblr-14251	648	41	the	the	DET
cblr-14251	648	42	set	set	NOUN
cblr-14251	648	43	of	of	ADP
cblr-14251	648	44	material	material	NOUN
cblr-14251	648	45	information	information	NOUN
cblr-14251	648	46	are	be	AUX
cblr-14251	648	47	punished.161	punished.161	ADJ
cblr-14251	648	48	in	in	ADP
cblr-14251	648	49	this	this	DET
cblr-14251	648	50	way	way	NOUN
cblr-14251	648	51	,	,	PUNCT
cblr-14251	648	52	securities	security	NOUN
cblr-14251	648	53	laws	law	NOUN
cblr-14251	648	54	protect	protect	VERB
cblr-14251	648	55	what	what	PRON
cblr-14251	648	56	courts	court	NOUN
cblr-14251	648	57	have	have	AUX
cblr-14251	648	58	frequently	frequently	ADV
cblr-14251	648	59	articulated	articulate	VERB
cblr-14251	648	60	as	as	ADP
cblr-14251	648	61	“	"	PUNCT
cblr-14251	648	62	the	the	DET
cblr-14251	648	63	integrity	integrity	NOUN
cblr-14251	648	64	of	of	ADP
cblr-14251	648	65	market	market	NOUN
cblr-14251	648	66	prices	price	NOUN
cblr-14251	648	67	.	.	PUNCT
cblr-14251	649	1	”162	”162	PUNCT
cblr-14251	650	1	throughout	throughout	ADP
cblr-14251	650	2	court	court	NOUN
cblr-14251	650	3	opinions	opinion	NOUN
cblr-14251	650	4	,	,	PUNCT
cblr-14251	650	5	159	159	NUM
cblr-14251	650	6	employment	employment	NOUN
cblr-14251	650	7	of	of	ADP
cblr-14251	650	8	manipulative	manipulative	ADJ
cblr-14251	650	9	and	and	CCONJ
cblr-14251	650	10	deceptive	deceptive	ADJ
cblr-14251	650	11	devices	device	NOUN
cblr-14251	650	12	,	,	PUNCT
cblr-14251	650	13	17	17	NUM
cblr-14251	650	14	c.f.r	c.f.r	NOUN
cblr-14251	650	15	.	.	PUNCT
cblr-14251	651	1	§	§	PROPN
cblr-14251	651	2	240.10b-5	240.10b-5	NUM
cblr-14251	651	3	.	.	PUNCT
cblr-14251	652	1	160	160	NUM
cblr-14251	652	2	see	see	VERB
cblr-14251	652	3	hurt	hurt	NOUN
cblr-14251	652	4	,	,	PUNCT
cblr-14251	652	5	supra	supra	PROPN
cblr-14251	652	6	note	note	NOUN
cblr-14251	652	7	125	125	NUM
cblr-14251	652	8	.	.	PUNCT
cblr-14251	653	1	a	a	DET
cblr-14251	653	2	private	private	ADJ
cblr-14251	653	3	claim	claim	NOUN
cblr-14251	653	4	under	under	ADP
cblr-14251	653	5	section	section	NOUN
cblr-14251	653	6	10(b	10(b	NUM
cblr-14251	653	7	)	)	PUNCT
cblr-14251	653	8	must	must	AUX
cblr-14251	653	9	show	show	VERB
cblr-14251	653	10	:	:	PUNCT
cblr-14251	653	11	a	a	DET
cblr-14251	653	12	materially	materially	ADV
cblr-14251	653	13	manipulative	manipulative	ADJ
cblr-14251	653	14	or	or	CCONJ
cblr-14251	653	15	deceptive	deceptive	ADJ
cblr-14251	653	16	misstatement	misstatement	NOUN
cblr-14251	653	17	;	;	PUNCT
cblr-14251	653	18	made	make	VERB
cblr-14251	653	19	with	with	ADP
cblr-14251	653	20	scienter	scienter	NOUN
cblr-14251	653	21	;	;	PUNCT
cblr-14251	653	22	in	in	ADP
cblr-14251	653	23	connection	connection	NOUN
cblr-14251	653	24	with	with	ADP
cblr-14251	653	25	a	a	DET
cblr-14251	653	26	securities	security	NOUN
cblr-14251	653	27	transaction	transaction	NOUN
cblr-14251	653	28	;	;	PUNCT
cblr-14251	653	29	that	that	SCONJ
cblr-14251	653	30	the	the	DET
cblr-14251	653	31	plaintiff	plaintiff	NOUN
cblr-14251	653	32	relied	rely	VERB
cblr-14251	653	33	on	on	ADP
cblr-14251	653	34	the	the	DET
cblr-14251	653	35	statement	statement	NOUN
cblr-14251	653	36	;	;	PUNCT
cblr-14251	653	37	economic	economic	ADJ
cblr-14251	653	38	losses	loss	NOUN
cblr-14251	653	39	;	;	PUNCT
cblr-14251	653	40	and	and	CCONJ
cblr-14251	653	41	loss	loss	NOUN
cblr-14251	653	42	causation	causation	NOUN
cblr-14251	653	43	.	.	PUNCT
cblr-14251	654	1	see	see	VERB
cblr-14251	654	2	ann	ann	PROPN
cblr-14251	654	3	m.	m.	PROPN
cblr-14251	654	4	lipton	lipton	PROPN
cblr-14251	654	5	,	,	PUNCT
cblr-14251	654	6	fact	fact	NOUN
cblr-14251	654	7	or	or	CCONJ
cblr-14251	654	8	fiction	fiction	NOUN
cblr-14251	654	9	:	:	PUNCT
cblr-14251	654	10	flawed	flaw	VERB
cblr-14251	654	11	approaches	approach	NOUN
cblr-14251	654	12	to	to	ADP
cblr-14251	654	13	evaluating	evaluate	VERB
cblr-14251	654	14	market	market	NOUN
cblr-14251	654	15	behavior	behavior	NOUN
cblr-14251	654	16	in	in	ADP
cblr-14251	654	17	securities	security	NOUN
cblr-14251	654	18	litigation	litigation	NOUN
cblr-14251	654	19	,	,	PUNCT
cblr-14251	654	20	20	20	NUM
cblr-14251	654	21	tenn	tenn	PROPN
cblr-14251	654	22	.	.	PUNCT
cblr-14251	655	1	j.	j.	PROPN
cblr-14251	655	2	bus	bus	PROPN
cblr-14251	655	3	.	.	PUNCT
cblr-14251	656	1	l.	l.	PROPN
cblr-14251	656	2	741	741	NUM
cblr-14251	656	3	(	(	PUNCT
cblr-14251	656	4	2019	2019	NUM
cblr-14251	656	5	)	)	PUNCT
cblr-14251	656	6	(	(	PUNCT
cblr-14251	656	7	citing	cite	VERB
cblr-14251	656	8	dura	dura	NOUN
cblr-14251	656	9	pharm	pharm	PROPN
cblr-14251	656	10	.	.	PUNCT
cblr-14251	657	1	v.	v.	ADP
cblr-14251	657	2	broudo	broudo	PROPN
cblr-14251	657	3	,	,	PUNCT
cblr-14251	657	4	544	544	NUM
cblr-14251	657	5	u.s	u.s	PROPN
cblr-14251	657	6	.	.	PROPN
cblr-14251	657	7	336	336	NUM
cblr-14251	657	8	,	,	PUNCT
cblr-14251	657	9	341–42	341–42	NUM
cblr-14251	657	10	(	(	PUNCT
cblr-14251	657	11	2005	2005	NUM
cblr-14251	657	12	)	)	PUNCT
cblr-14251	657	13	)	)	PUNCT
cblr-14251	657	14	.	.	PUNCT
cblr-14251	658	1	government	government	NOUN
cblr-14251	658	2	-	-	PUNCT
cblr-14251	658	3	based	base	VERB
cblr-14251	658	4	actions	action	NOUN
cblr-14251	658	5	do	do	AUX
cblr-14251	658	6	not	not	PART
cblr-14251	658	7	require	require	VERB
cblr-14251	658	8	a	a	DET
cblr-14251	658	9	showing	showing	NOUN
cblr-14251	658	10	of	of	ADP
cblr-14251	658	11	reliance	reliance	NOUN
cblr-14251	658	12	.	.	PUNCT
cblr-14251	659	1	see	see	VERB
cblr-14251	659	2	adam	adam	PROPN
cblr-14251	659	3	c.	c.	PROPN
cblr-14251	659	4	pritchard	pritchard	PROPN
cblr-14251	659	5	&	&	CCONJ
cblr-14251	659	6	robert	robert	PROPN
cblr-14251	659	7	b.	b.	PROPN
cblr-14251	659	8	thompson	thompson	PROPN
cblr-14251	659	9	,	,	PUNCT
cblr-14251	659	10	texas	texas	PROPN
cblr-14251	659	11	gulf	gulf	PROPN
cblr-14251	659	12	sulphur	sulphur	NOUN
cblr-14251	659	13	and	and	CCONJ
cblr-14251	659	14	the	the	DET
cblr-14251	659	15	genesis	genesis	NOUN
cblr-14251	659	16	of	of	ADP
cblr-14251	659	17	corporate	corporate	ADJ
cblr-14251	659	18	liability	liability	NOUN
cblr-14251	659	19	under	under	ADP
cblr-14251	659	20	rule	rule	NOUN
cblr-14251	659	21	10b5	10b5	NUM
cblr-14251	659	22	,	,	PUNCT
cblr-14251	659	23	71	71	NUM
cblr-14251	659	24	smu	smu	PROPN
cblr-14251	659	25	l.	l.	PROPN
cblr-14251	659	26	rev	rev	PROPN
cblr-14251	659	27	.	.	PROPN
cblr-14251	660	1	927	927	NUM
cblr-14251	660	2	,	,	PUNCT
cblr-14251	660	3	939–42	939–42	NUM
cblr-14251	660	4	(	(	PUNCT
cblr-14251	660	5	2018	2018	NUM
cblr-14251	660	6	)	)	PUNCT
cblr-14251	660	7	.	.	PUNCT
cblr-14251	661	1	161	161	NUM
cblr-14251	661	2	prices	price	NOUN
cblr-14251	661	3	are	be	AUX
cblr-14251	661	4	generally	generally	ADV
cblr-14251	661	5	understood	understand	VERB
cblr-14251	661	6	to	to	PART
cblr-14251	661	7	reflect	reflect	VERB
cblr-14251	661	8	a	a	DET
cblr-14251	661	9	certain	certain	ADJ
cblr-14251	661	10	subset	subset	NOUN
cblr-14251	661	11	of	of	ADP
cblr-14251	661	12	material	material	NOUN
cblr-14251	661	13	information	information	NOUN
cblr-14251	661	14	relevant	relevant	ADJ
cblr-14251	661	15	to	to	ADP
cblr-14251	661	16	predicting	predict	VERB
cblr-14251	661	17	an	an	DET
cblr-14251	661	18	issuer	issuer	NOUN
cblr-14251	661	19	’s	’s	PART
cblr-14251	661	20	future	future	ADJ
cblr-14251	661	21	cash	cash	NOUN
cblr-14251	661	22	flows	flow	NOUN
cblr-14251	661	23	.	.	PUNCT
cblr-14251	662	1	anything	anything	PRON
cblr-14251	662	2	else	else	ADV
cblr-14251	662	3	is	be	AUX
cblr-14251	662	4	noise	noise	NOUN
cblr-14251	662	5	.	.	PUNCT
cblr-14251	663	1	certainly	certainly	ADV
cblr-14251	663	2	,	,	PUNCT
cblr-14251	663	3	noise	noise	NOUN
cblr-14251	663	4	can	can	AUX
cblr-14251	663	5	move	move	VERB
cblr-14251	663	6	stock	stock	NOUN
cblr-14251	663	7	prices	price	NOUN
cblr-14251	663	8	,	,	PUNCT
cblr-14251	663	9	but	but	CCONJ
cblr-14251	663	10	relying	rely	VERB
cblr-14251	663	11	on	on	ADP
cblr-14251	663	12	noise	noise	NOUN
cblr-14251	663	13	or	or	CCONJ
cblr-14251	663	14	making	make	VERB
cblr-14251	663	15	decisions	decision	NOUN
cblr-14251	663	16	due	due	ADJ
cblr-14251	663	17	to	to	ADP
cblr-14251	663	18	noise	noise	NOUN
cblr-14251	663	19	is	be	AUX
cblr-14251	663	20	generally	generally	ADV
cblr-14251	663	21	not	not	PART
cblr-14251	663	22	protected	protect	VERB
cblr-14251	663	23	by	by	ADP
cblr-14251	663	24	the	the	DET
cblr-14251	663	25	securities	security	NOUN
cblr-14251	663	26	fraud	fraud	NOUN
cblr-14251	663	27	laws	law	NOUN
cblr-14251	663	28	.	.	PUNCT
cblr-14251	664	1	see	see	VERB
cblr-14251	664	2	infra	infra	NOUN
cblr-14251	664	3	section	section	NOUN
cblr-14251	664	4	iv.a	iv.a	VERB
cblr-14251	664	5	.	.	PUNCT
cblr-14251	665	1	see	see	VERB
cblr-14251	665	2	also	also	ADV
cblr-14251	665	3	lin	lin	PROPN
cblr-14251	665	4	,	,	PUNCT
cblr-14251	665	5	reasonable	reasonable	ADJ
cblr-14251	665	6	investor(s	investor(s	NOUN
cblr-14251	665	7	)	)	PUNCT
cblr-14251	665	8	,	,	PUNCT
cblr-14251	665	9	supra	supra	PROPN
cblr-14251	665	10	note	note	PROPN
cblr-14251	665	11	117	117	NUM
cblr-14251	665	12	,	,	PUNCT
cblr-14251	665	13	at	at	ADP
cblr-14251	665	14	508	508	NUM
cblr-14251	665	15	(	(	PUNCT
cblr-14251	665	16	“	"	PUNCT
cblr-14251	665	17	investor	investor	NOUN
cblr-14251	665	18	protection	protection	NOUN
cblr-14251	665	19	for	for	ADP
cblr-14251	665	20	a	a	DET
cblr-14251	665	21	mythical	mythical	ADJ
cblr-14251	665	22	population	population	NOUN
cblr-14251	665	23	of	of	ADP
cblr-14251	665	24	reasonable	reasonable	ADJ
cblr-14251	665	25	investors	investor	NOUN
cblr-14251	665	26	is	be	AUX
cblr-14251	665	27	fairly	fairly	ADV
cblr-14251	665	28	straightforward	straightforward	ADJ
cblr-14251	665	29	:	:	PUNCT
cblr-14251	665	30	equip	equip	VERB
cblr-14251	665	31	them	they	PRON
cblr-14251	665	32	with	with	ADP
cblr-14251	665	33	the	the	DET
cblr-14251	665	34	requisite	requisite	ADJ
cblr-14251	665	35	information	information	NOUN
cblr-14251	665	36	,	,	PUNCT
cblr-14251	665	37	and	and	CCONJ
cblr-14251	665	38	they	they	PRON
cblr-14251	665	39	will	will	AUX
cblr-14251	665	40	perfectly	perfectly	ADV
cblr-14251	665	41	process	process	VERB
cblr-14251	665	42	that	that	SCONJ
cblr-14251	665	43	information	information	NOUN
cblr-14251	665	44	and	and	CCONJ
cblr-14251	665	45	make	make	VERB
cblr-14251	665	46	utility	utility	NOUN
cblr-14251	665	47	-	-	PUNCT
cblr-14251	665	48	maximizing	maximize	VERB
cblr-14251	665	49	investment	investment	NOUN
cblr-14251	665	50	decisions	decision	NOUN
cblr-14251	665	51	.	.	PUNCT
cblr-14251	665	52	”	"	PUNCT
cblr-14251	665	53	)	)	PUNCT
cblr-14251	665	54	.	.	PUNCT
cblr-14251	666	1	162	162	NUM
cblr-14251	666	2	patel	patel	NOUN
cblr-14251	666	3	,	,	PUNCT
cblr-14251	666	4	supra	supra	PROPN
cblr-14251	666	5	note	note	NOUN
cblr-14251	666	6	101	101	NUM
cblr-14251	666	7	,	,	PUNCT
cblr-14251	666	8	at	at	ADP
cblr-14251	666	9	204–08	204–08	NUM
cblr-14251	666	10	;	;	PUNCT
cblr-14251	666	11	see	see	VERB
cblr-14251	666	12	also	also	ADV
cblr-14251	666	13	fox	fox	VERB
cblr-14251	666	14	et	et	PROPN
cblr-14251	666	15	al	al	PROPN
cblr-14251	666	16	.	.	PROPN
cblr-14251	666	17	,	,	PUNCT
cblr-14251	666	18	supra	supra	PROPN
cblr-14251	666	19	note	note	VERB
cblr-14251	666	20	92	92	NUM
cblr-14251	666	21	,	,	PUNCT
cblr-14251	666	22	at	at	ADP
cblr-14251	666	23	114–22	114–22	PROPN
cblr-14251	666	24	(	(	PUNCT
cblr-14251	666	25	surveying	survey	VERB
cblr-14251	666	26	cases	case	NOUN
cblr-14251	666	27	)	)	PUNCT
cblr-14251	666	28	.	.	PUNCT
cblr-14251	667	1	272	272	NUM
cblr-14251	667	2	columbia	columbia	PROPN
cblr-14251	667	3	business	business	NOUN
cblr-14251	667	4	law	law	PROPN
cblr-14251	667	5	review	review	NOUN
cblr-14251	667	6	[	[	X
cblr-14251	667	7	vol	vol	NOUN
cblr-14251	667	8	.	.	PUNCT
cblr-14251	667	9	2025	2025	NUM
cblr-14251	667	10	“	"	PUNCT
cblr-14251	667	11	integrity	integrity	NOUN
cblr-14251	667	12	”	"	PUNCT
cblr-14251	667	13	is	be	AUX
cblr-14251	667	14	typically	typically	ADV
cblr-14251	667	15	used	use	VERB
cblr-14251	667	16	to	to	PART
cblr-14251	667	17	mean	mean	VERB
cblr-14251	667	18	informational	informational	ADJ
cblr-14251	667	19	integrity	integrity	NOUN
cblr-14251	667	20	,	,	PUNCT
cblr-14251	667	21	or	or	CCONJ
cblr-14251	667	22	the	the	DET
cblr-14251	667	23	understanding	understanding	NOUN
cblr-14251	667	24	of	of	ADP
cblr-14251	667	25	a	a	DET
cblr-14251	667	26	stock	stock	NOUN
cblr-14251	667	27	’s	’s	PART
cblr-14251	667	28	market	market	NOUN
cblr-14251	667	29	price	price	NOUN
cblr-14251	667	30	as	as	ADP
cblr-14251	667	31	an	an	DET
cblr-14251	667	32	“	"	PUNCT
cblr-14251	667	33	information	information	NOUN
cblr-14251	667	34	transmission	transmission	NOUN
cblr-14251	667	35	mechanism	mechanism	NOUN
cblr-14251	667	36	.	.	PUNCT
cblr-14251	668	1	”163	”163	PUNCT
cblr-14251	668	2	the	the	DET
cblr-14251	668	3	“	"	PUNCT
cblr-14251	668	4	information	information	NOUN
cblr-14251	668	5	”	"	PUNCT
cblr-14251	668	6	referred	refer	VERB
cblr-14251	668	7	to	to	ADP
cblr-14251	668	8	is	be	AUX
cblr-14251	668	9	typically	typically	ADV
cblr-14251	668	10	financial	financial	ADJ
cblr-14251	668	11	information	information	NOUN
cblr-14251	668	12	relevant	relevant	ADJ
cblr-14251	668	13	to	to	ADP
cblr-14251	668	14	an	an	DET
cblr-14251	668	15	issuer	issuer	NOUN
cblr-14251	668	16	’s	’s	PART
cblr-14251	668	17	future	future	ADJ
cblr-14251	668	18	cash	cash	NOUN
cblr-14251	668	19	flows	flow	NOUN
cblr-14251	668	20	.	.	PUNCT
cblr-14251	669	1	unsurprisingly	unsurprisingly	ADV
cblr-14251	669	2	then	then	ADV
cblr-14251	669	3	,	,	PUNCT
cblr-14251	669	4	there	there	PRON
cblr-14251	669	5	is	be	VERB
cblr-14251	669	6	significant	significant	ADJ
cblr-14251	669	7	overlap	overlap	NOUN
cblr-14251	669	8	between	between	ADP
cblr-14251	669	9	the	the	DET
cblr-14251	669	10	information	information	NOUN
cblr-14251	669	11	protected	protect	VERB
cblr-14251	669	12	under	under	ADP
cblr-14251	669	13	the	the	DET
cblr-14251	669	14	securities	security	NOUN
cblr-14251	669	15	laws	law	NOUN
cblr-14251	669	16	and	and	CCONJ
cblr-14251	669	17	information	information	NOUN
cblr-14251	669	18	traditionally	traditionally	ADV
cblr-14251	669	19	understood	understand	VERB
cblr-14251	669	20	to	to	PART
cblr-14251	669	21	move	move	VERB
cblr-14251	669	22	stock	stock	NOUN
cblr-14251	669	23	prices	price	NOUN
cblr-14251	669	24	.	.	PUNCT
cblr-14251	670	1	the	the	DET
cblr-14251	670	2	below	below	ADJ
cblr-14251	670	3	table	table	NOUN
cblr-14251	670	4	provides	provide	VERB
cblr-14251	670	5	a	a	DET
cblr-14251	670	6	useful	useful	ADJ
cblr-14251	670	7	(	(	PUNCT
cblr-14251	670	8	simplified	simplified	ADJ
cblr-14251	670	9	)	)	PUNCT
cblr-14251	670	10	comparison	comparison	NOUN
cblr-14251	670	11	:	:	PUNCT
cblr-14251	670	12	type	type	NOUN
cblr-14251	670	13	of	of	ADP
cblr-14251	670	14	information	information	NOUN
cblr-14251	670	15	moves	move	VERB
cblr-14251	670	16	stock	stock	NOUN
cblr-14251	670	17	prices	price	NOUN
cblr-14251	670	18	?	?	PUNCT
cblr-14251	671	1	protected	protect	VERB
cblr-14251	671	2	by	by	ADP
cblr-14251	671	3	securities	security	NOUN
cblr-14251	671	4	laws	law	NOUN
cblr-14251	671	5	?	?	PUNCT
cblr-14251	672	1	information	information	NOUN
cblr-14251	672	2	related	relate	VERB
cblr-14251	672	3	to	to	ADP
cblr-14251	672	4	future	future	ADJ
cblr-14251	672	5	cash	cash	NOUN
cblr-14251	672	6	flows	flow	NOUN
cblr-14251	672	7	(	(	PUNCT
cblr-14251	672	8	e.g.	e.g.	ADV
cblr-14251	672	9	,	,	PUNCT
cblr-14251	672	10	information	information	NOUN
cblr-14251	672	11	in	in	ADP
cblr-14251	672	12	sec	sec	PROPN
cblr-14251	672	13	filings	filing	NOUN
cblr-14251	672	14	,	,	PUNCT
cblr-14251	672	15	press	press	NOUN
cblr-14251	672	16	releases	release	NOUN
cblr-14251	672	17	,	,	PUNCT
cblr-14251	672	18	earnings	earning	NOUN
cblr-14251	672	19	announcements	announcement	NOUN
cblr-14251	672	20	,	,	PUNCT
cblr-14251	672	21	etc	etc	X
cblr-14251	672	22	.	.	X
cblr-14251	672	23	)	)	PUNCT
cblr-14251	673	1	yes	yes	INTJ
cblr-14251	674	1	yes	yes	INTJ
cblr-14251	674	2	esg	esg	NOUN
cblr-14251	674	3	issues	issue	NOUN
cblr-14251	674	4	maybe	maybe	ADV
cblr-14251	674	5	maybe	maybe	ADV
cblr-14251	674	6	cultural	cultural	ADJ
cblr-14251	674	7	values	value	NOUN
cblr-14251	674	8	maybe	maybe	ADV
cblr-14251	674	9	maybe	maybe	ADV
cblr-14251	674	10	/	/	SYM
cblr-14251	674	11	likely	likely	ADV
cblr-14251	674	12	not	not	PART
cblr-14251	674	13	other	other	ADJ
cblr-14251	674	14	non	non	ADJ
cblr-14251	674	15	-	-	ADJ
cblr-14251	674	16	financial	financial	ADJ
cblr-14251	674	17	information	information	NOUN
cblr-14251	674	18	or	or	CCONJ
cblr-14251	674	19	demanddriven	demanddriven	VERB
cblr-14251	674	20	factors	factor	NOUN
cblr-14251	674	21	maybe	maybe	ADV
cblr-14251	674	22	maybe	maybe	ADV
cblr-14251	674	23	/	/	SYM
cblr-14251	674	24	likely	likely	ADJ
cblr-14251	674	25	not	not	PART
cblr-14251	674	26	actionable	actionable	ADJ
cblr-14251	674	27	statements	statement	NOUN
cblr-14251	674	28	map	map	NOUN
cblr-14251	674	29	on	on	ADP
cblr-14251	674	30	fairly	fairly	ADV
cblr-14251	674	31	well	well	ADV
cblr-14251	674	32	to	to	ADP
cblr-14251	674	33	the	the	DET
cblr-14251	674	34	kinds	kind	NOUN
cblr-14251	674	35	of	of	ADP
cblr-14251	674	36	information	information	NOUN
cblr-14251	674	37	that	that	PRON
cblr-14251	674	38	moves	move	VERB
cblr-14251	674	39	stock	stock	NOUN
cblr-14251	674	40	prices	price	NOUN
cblr-14251	674	41	.	.	PUNCT
cblr-14251	675	1	information	information	NOUN
cblr-14251	675	2	related	relate	VERB
cblr-14251	675	3	to	to	ADP
cblr-14251	675	4	future	future	ADJ
cblr-14251	675	5	cash	cash	NOUN
cblr-14251	675	6	flows	flow	NOUN
cblr-14251	675	7	(	(	PUNCT
cblr-14251	675	8	the	the	DET
cblr-14251	675	9	first	first	ADJ
cblr-14251	675	10	row	row	NOUN
cblr-14251	675	11	in	in	ADP
cblr-14251	675	12	the	the	DET
cblr-14251	675	13	chart	chart	NOUN
cblr-14251	675	14	)	)	PUNCT
cblr-14251	675	15	undeniably	undeniably	ADV
cblr-14251	675	16	affects	affect	VERB
cblr-14251	675	17	stock	stock	NOUN
cblr-14251	675	18	prices	price	NOUN
cblr-14251	675	19	.	.	PUNCT
cblr-14251	676	1	for	for	ADP
cblr-14251	676	2	example	example	NOUN
cblr-14251	676	3	,	,	PUNCT
cblr-14251	676	4	an	an	DET
cblr-14251	676	5	issuer	issuer	NOUN
cblr-14251	676	6	’s	’s	PART
cblr-14251	676	7	sec	sec	PROPN
cblr-14251	676	8	filing	filing	NOUN
cblr-14251	676	9	containing	contain	VERB
cblr-14251	676	10	quarterly	quarterly	ADJ
cblr-14251	676	11	profits	profit	NOUN
cblr-14251	676	12	will	will	AUX
cblr-14251	676	13	move	move	VERB
cblr-14251	676	14	stock	stock	NOUN
cblr-14251	676	15	prices.164	prices.164	NOUN
cblr-14251	676	16	similarly	similarly	ADV
cblr-14251	676	17	,	,	PUNCT
cblr-14251	676	18	misstating	misstate	VERB
cblr-14251	676	19	those	those	DET
cblr-14251	676	20	profits	profit	NOUN
cblr-14251	676	21	is	be	AUX
cblr-14251	676	22	clearly	clearly	ADV
cblr-14251	676	23	actionable	actionable	ADJ
cblr-14251	676	24	under	under	ADP
cblr-14251	676	25	the	the	DET
cblr-14251	676	26	163	163	NUM
cblr-14251	676	27	patel	patel	NOUN
cblr-14251	676	28	,	,	PUNCT
cblr-14251	676	29	supra	supra	PROPN
cblr-14251	676	30	note	note	NOUN
cblr-14251	676	31	101	101	NUM
cblr-14251	676	32	,	,	PUNCT
cblr-14251	676	33	at	at	ADP
cblr-14251	676	34	208	208	NUM
cblr-14251	676	35	.	.	PUNCT
cblr-14251	676	36	164	164	NUM
cblr-14251	676	37	see	see	NOUN
cblr-14251	676	38	,	,	PUNCT
cblr-14251	676	39	e.g.	e.g.	ADV
cblr-14251	676	40	,	,	PUNCT
cblr-14251	676	41	aisha	aisha	PROPN
cblr-14251	676	42	i.	i.	PROPN
cblr-14251	676	43	saad	saad	PROPN
cblr-14251	676	44	&	&	CCONJ
cblr-14251	676	45	diane	diane	PROPN
cblr-14251	676	46	strauss	strauss	PROPN
cblr-14251	676	47	,	,	PUNCT
cblr-14251	676	48	the	the	DET
cblr-14251	676	49	new	new	ADJ
cblr-14251	676	50	“	"	PUNCT
cblr-14251	676	51	reasonable	reasonable	ADJ
cblr-14251	676	52	investor	investor	NOUN
cblr-14251	676	53	”	"	PUNCT
cblr-14251	676	54	and	and	CCONJ
cblr-14251	676	55	changing	change	VERB
cblr-14251	676	56	frontiers	frontier	NOUN
cblr-14251	676	57	of	of	ADP
cblr-14251	676	58	materiality	materiality	NOUN
cblr-14251	676	59	:	:	PUNCT
cblr-14251	676	60	increasing	increase	VERB
cblr-14251	676	61	investor	investor	NOUN
cblr-14251	676	62	reliance	reliance	NOUN
cblr-14251	676	63	on	on	ADP
cblr-14251	676	64	esg	esg	PROPN
cblr-14251	676	65	disclosures	disclosure	NOUN
cblr-14251	676	66	and	and	CCONJ
cblr-14251	676	67	implications	implication	NOUN
cblr-14251	676	68	for	for	ADP
cblr-14251	676	69	securities	security	NOUN
cblr-14251	676	70	litigation	litigation	NOUN
cblr-14251	676	71	,	,	PUNCT
cblr-14251	676	72	17	17	NUM
cblr-14251	676	73	berkeley	berkeley	PROPN
cblr-14251	676	74	bus	bus	NOUN
cblr-14251	676	75	.	.	PUNCT
cblr-14251	677	1	l.j	l.j	AUX
cblr-14251	677	2	.	.	PROPN
cblr-14251	677	3	391	391	NUM
cblr-14251	677	4	,	,	PUNCT
cblr-14251	677	5	412	412	NUM
cblr-14251	677	6	(	(	PUNCT
cblr-14251	677	7	2020	2020	NUM
cblr-14251	677	8	)	)	PUNCT
cblr-14251	677	9	(	(	PUNCT
cblr-14251	677	10	noting	note	VERB
cblr-14251	677	11	the	the	DET
cblr-14251	677	12	“	"	PUNCT
cblr-14251	677	13	traditional	traditional	ADJ
cblr-14251	677	14	approach	approach	NOUN
cblr-14251	677	15	to	to	ADP
cblr-14251	677	16	corporate	corporate	ADJ
cblr-14251	677	17	disclosure	disclosure	NOUN
cblr-14251	677	18	”	"	PUNCT
cblr-14251	677	19	that	that	PRON
cblr-14251	677	20	“	"	PUNCT
cblr-14251	677	21	narrowly	narrowly	ADV
cblr-14251	677	22	construes	construe	VERB
cblr-14251	677	23	the	the	DET
cblr-14251	677	24	domain	domain	NOUN
cblr-14251	677	25	of	of	ADP
cblr-14251	677	26	materiality	materiality	NOUN
cblr-14251	677	27	to	to	PART
cblr-14251	677	28	include	include	VERB
cblr-14251	677	29	only	only	ADJ
cblr-14251	677	30	statements	statement	NOUN
cblr-14251	677	31	that	that	PRON
cblr-14251	677	32	directly	directly	ADV
cblr-14251	677	33	relate	relate	VERB
cblr-14251	677	34	to	to	ADP
cblr-14251	677	35	a	a	DET
cblr-14251	677	36	company	company	NOUN
cblr-14251	677	37	’s	’s	PART
cblr-14251	677	38	financial	financial	ADJ
cblr-14251	677	39	performance	performance	NOUN
cblr-14251	677	40	”	"	PUNCT
cblr-14251	677	41	)	)	PUNCT
cblr-14251	677	42	.	.	PUNCT
cblr-14251	678	1	no	no	INTJ
cblr-14251	678	2	.	.	NOUN
cblr-14251	678	3	1	1	NUM
cblr-14251	678	4	]	]	PUNCT
cblr-14251	678	5	securities	security	NOUN
cblr-14251	678	6	fraud	fraud	NOUN
cblr-14251	678	7	and	and	CCONJ
cblr-14251	678	8	the	the	DET
cblr-14251	678	9	market	market	NOUN
cblr-14251	678	10	for	for	ADP
cblr-14251	678	11	individual	individual	ADJ
cblr-14251	678	12	stocks	stock	NOUN
cblr-14251	678	13	273	273	NUM
cblr-14251	678	14	securities	security	NOUN
cblr-14251	678	15	laws	law	NOUN
cblr-14251	678	16	.	.	PUNCT
cblr-14251	679	1	assuming	assume	VERB
cblr-14251	679	2	any	any	DET
cblr-14251	679	3	misstatement	misstatement	NOUN
cblr-14251	679	4	in	in	ADP
cblr-14251	679	5	the	the	DET
cblr-14251	679	6	first	first	ADJ
cblr-14251	679	7	category	category	NOUN
cblr-14251	679	8	satisfies	satisfy	VERB
cblr-14251	679	9	the	the	DET
cblr-14251	679	10	legal	legal	ADJ
cblr-14251	679	11	requirements	requirement	NOUN
cblr-14251	679	12	that	that	SCONJ
cblr-14251	679	13	it	it	PRON
cblr-14251	679	14	be	be	VERB
cblr-14251	679	15	false	false	ADJ
cblr-14251	679	16	,	,	PUNCT
cblr-14251	679	17	material	material	NOUN
cblr-14251	679	18	,	,	PUNCT
cblr-14251	679	19	and	and	CCONJ
cblr-14251	679	20	knowingly	knowingly	ADV
cblr-14251	679	21	made	make	VERB
cblr-14251	679	22	in	in	ADP
cblr-14251	679	23	connection	connection	NOUN
cblr-14251	679	24	with	with	ADP
cblr-14251	679	25	the	the	DET
cblr-14251	679	26	purchase	purchase	NOUN
cblr-14251	679	27	or	or	CCONJ
cblr-14251	679	28	sale	sale	NOUN
cblr-14251	679	29	of	of	ADP
cblr-14251	679	30	a	a	DET
cblr-14251	679	31	security	security	NOUN
cblr-14251	679	32	,	,	PUNCT
cblr-14251	679	33	that	that	DET
cblr-14251	679	34	misstatement	misstatement	NOUN
cblr-14251	679	35	will	will	AUX
cblr-14251	679	36	also	also	ADV
cblr-14251	679	37	be	be	AUX
cblr-14251	679	38	actionable	actionable	ADJ
cblr-14251	679	39	under	under	ADP
cblr-14251	679	40	the	the	DET
cblr-14251	679	41	securities	security	NOUN
cblr-14251	679	42	laws	law	NOUN
cblr-14251	679	43	.	.	PUNCT
cblr-14251	680	1	however	however	ADV
cblr-14251	680	2	,	,	PUNCT
cblr-14251	680	3	non	non	ADJ
cblr-14251	680	4	-	-	ADJ
cblr-14251	680	5	financial	financial	ADJ
cblr-14251	680	6	information	information	NOUN
cblr-14251	680	7	and	and	CCONJ
cblr-14251	680	8	demand	demand	NOUN
cblr-14251	680	9	-	-	PUNCT
cblr-14251	680	10	driven	drive	VERB
cblr-14251	680	11	factors	factor	NOUN
cblr-14251	680	12	—	—	PUNCT
cblr-14251	680	13	which	which	PRON
cblr-14251	680	14	could	could	AUX
cblr-14251	680	15	be	be	AUX
cblr-14251	680	16	anything	anything	PRON
cblr-14251	680	17	in	in	ADP
cblr-14251	680	18	the	the	DET
cblr-14251	680	19	other	other	ADJ
cblr-14251	680	20	categories	category	NOUN
cblr-14251	680	21	—	—	PUNCT
cblr-14251	680	22	will	will	AUX
cblr-14251	680	23	likely	likely	ADV
cblr-14251	680	24	struggle	struggle	VERB
cblr-14251	680	25	to	to	PART
cblr-14251	680	26	meet	meet	VERB
cblr-14251	680	27	requirements	requirement	NOUN
cblr-14251	680	28	such	such	ADJ
cblr-14251	680	29	as	as	ADP
cblr-14251	680	30	materiality	materiality	NOUN
cblr-14251	680	31	(	(	PUNCT
cblr-14251	680	32	e.g.	e.g.	ADV
cblr-14251	680	33	,	,	PUNCT
cblr-14251	680	34	is	be	AUX
cblr-14251	680	35	it	it	PRON
cblr-14251	680	36	material	material	NOUN
cblr-14251	680	37	that	that	SCONJ
cblr-14251	680	38	the	the	DET
cblr-14251	680	39	board	board	NOUN
cblr-14251	680	40	is	be	AUX
cblr-14251	680	41	diverse	diverse	ADJ
cblr-14251	680	42	?	?	PUNCT
cblr-14251	680	43	)	)	PUNCT
cblr-14251	680	44	and	and	CCONJ
cblr-14251	680	45	nexus	nexus	NOUN
cblr-14251	680	46	(	(	PUNCT
cblr-14251	680	47	e.g.	e.g.	ADV
cblr-14251	680	48	,	,	PUNCT
cblr-14251	680	49	is	be	AUX
cblr-14251	680	50	a	a	DET
cblr-14251	680	51	statement	statement	NOUN
cblr-14251	680	52	about	about	ADP
cblr-14251	680	53	board	board	NOUN
cblr-14251	680	54	diversity	diversity	NOUN
cblr-14251	680	55	made	make	VERB
cblr-14251	680	56	in	in	ADP
cblr-14251	680	57	connection	connection	NOUN
cblr-14251	680	58	with	with	ADP
cblr-14251	680	59	the	the	DET
cblr-14251	680	60	purchase	purchase	NOUN
cblr-14251	680	61	and	and	CCONJ
cblr-14251	680	62	sale	sale	NOUN
cblr-14251	680	63	of	of	ADP
cblr-14251	680	64	securities	security	NOUN
cblr-14251	680	65	?	?	PUNCT
cblr-14251	680	66	)	)	PUNCT
cblr-14251	680	67	.	.	PUNCT
cblr-14251	681	1	nevertheless	nevertheless	ADV
cblr-14251	681	2	,	,	PUNCT
cblr-14251	681	3	non	non	ADJ
cblr-14251	681	4	-	-	ADJ
cblr-14251	681	5	financial	financial	ADJ
cblr-14251	681	6	information	information	NOUN
cblr-14251	681	7	and	and	CCONJ
cblr-14251	681	8	demand	demand	NOUN
cblr-14251	681	9	-	-	PUNCT
cblr-14251	681	10	driven	drive	VERB
cblr-14251	681	11	factors	factor	NOUN
cblr-14251	681	12	can	can	AUX
cblr-14251	681	13	also	also	ADV
cblr-14251	681	14	affect	affect	VERB
cblr-14251	681	15	investor	investor	NOUN
cblr-14251	681	16	decisions	decision	NOUN
cblr-14251	681	17	and	and	CCONJ
cblr-14251	681	18	move	move	VERB
cblr-14251	681	19	stock	stock	NOUN
cblr-14251	681	20	prices	price	NOUN
cblr-14251	681	21	.	.	PUNCT
cblr-14251	682	1	what	what	PRON
cblr-14251	682	2	should	should	AUX
cblr-14251	682	3	the	the	DET
cblr-14251	682	4	securities	security	NOUN
cblr-14251	682	5	laws	law	NOUN
cblr-14251	682	6	do	do	VERB
cblr-14251	682	7	about	about	ADP
cblr-14251	682	8	those	those	PRON
cblr-14251	682	9	?	?	PUNCT
cblr-14251	683	1	the	the	DET
cblr-14251	683	2	next	next	ADJ
cblr-14251	683	3	parts	part	NOUN
cblr-14251	683	4	explore	explore	VERB
cblr-14251	683	5	this	this	DET
cblr-14251	683	6	inquiry	inquiry	NOUN
cblr-14251	683	7	.	.	PUNCT
cblr-14251	684	1	b.	b.	PROPN
cblr-14251	684	2	falsity	falsity	PROPN
cblr-14251	684	3	actionable	actionable	ADJ
cblr-14251	684	4	false	false	ADJ
cblr-14251	684	5	statements	statement	NOUN
cblr-14251	684	6	include	include	VERB
cblr-14251	684	7	those	those	PRON
cblr-14251	684	8	that	that	PRON
cblr-14251	684	9	are	be	AUX
cblr-14251	684	10	false	false	ADJ
cblr-14251	684	11	on	on	ADP
cblr-14251	684	12	their	their	PRON
cblr-14251	684	13	face	face	NOUN
cblr-14251	684	14	or	or	CCONJ
cblr-14251	684	15	misleading	mislead	VERB
cblr-14251	684	16	due	due	ADP
cblr-14251	684	17	to	to	ADP
cblr-14251	684	18	the	the	DET
cblr-14251	684	19	omission	omission	NOUN
cblr-14251	684	20	of	of	ADP
cblr-14251	684	21	a	a	DET
cblr-14251	684	22	relevant	relevant	ADJ
cblr-14251	684	23	fact.165	fact.165	PROPN
cblr-14251	684	24	other	other	ADJ
cblr-14251	684	25	statements	statement	NOUN
cblr-14251	684	26	,	,	PUNCT
cblr-14251	684	27	such	such	ADJ
cblr-14251	684	28	as	as	ADP
cblr-14251	684	29	opinions	opinion	NOUN
cblr-14251	684	30	or	or	CCONJ
cblr-14251	684	31	forward	forward	ADV
cblr-14251	684	32	-	-	PUNCT
cblr-14251	684	33	looking	look	VERB
cblr-14251	684	34	statements	statement	NOUN
cblr-14251	684	35	,	,	PUNCT
cblr-14251	684	36	may	may	AUX
cblr-14251	684	37	be	be	AUX
cblr-14251	684	38	actionable	actionable	ADJ
cblr-14251	684	39	in	in	ADP
cblr-14251	684	40	certain	certain	ADJ
cblr-14251	684	41	contexts.166	contexts.166	NOUN
cblr-14251	684	42	typically	typically	ADV
cblr-14251	684	43	,	,	PUNCT
cblr-14251	684	44	puffery	puffery	NOUN
cblr-14251	684	45	—	—	PUNCT
cblr-14251	684	46	general	general	ADJ
cblr-14251	684	47	or	or	CCONJ
cblr-14251	684	48	vague	vague	ADJ
cblr-14251	684	49	statements	statement	NOUN
cblr-14251	684	50	that	that	PRON
cblr-14251	684	51	are	be	AUX
cblr-14251	684	52	not	not	PART
cblr-14251	684	53	easily	easily	ADV
cblr-14251	684	54	falsifiable	falsifiable	ADJ
cblr-14251	684	55	—	—	PUNCT
cblr-14251	684	56	is	be	AUX
cblr-14251	684	57	not	not	PART
cblr-14251	684	58	actionable.167	actionable.167	ADJ
cblr-14251	684	59	165	165	NUM
cblr-14251	684	60	see	see	NOUN
cblr-14251	685	1	hurt	hurt	NOUN
cblr-14251	685	2	,	,	PUNCT
cblr-14251	685	3	supra	supra	PROPN
cblr-14251	685	4	note	note	NOUN
cblr-14251	685	5	125	125	NUM
cblr-14251	685	6	,	,	PUNCT
cblr-14251	685	7	at	at	ADP
cblr-14251	685	8	792–98	792–98	NOUN
cblr-14251	685	9	(	(	PUNCT
cblr-14251	685	10	cataloguing	catalogue	VERB
cblr-14251	685	11	the	the	DET
cblr-14251	685	12	different	different	ADJ
cblr-14251	685	13	types	type	NOUN
cblr-14251	685	14	of	of	ADP
cblr-14251	685	15	falsity	falsity	NOUN
cblr-14251	685	16	)	)	PUNCT
cblr-14251	685	17	.	.	PUNCT
cblr-14251	686	1	166	166	NUM
cblr-14251	686	2	see	see	VERB
cblr-14251	686	3	i	i	PROPN
cblr-14251	686	4	d	d	PROPN
cblr-14251	686	5	;	;	PUNCT
cblr-14251	686	6	see	see	VERB
cblr-14251	686	7	also	also	ADV
cblr-14251	686	8	lipton	lipton	PROPN
cblr-14251	686	9	,	,	PUNCT
cblr-14251	686	10	supra	supra	PROPN
cblr-14251	686	11	note	note	PROPN
cblr-14251	686	12	160	160	NUM
cblr-14251	686	13	,	,	PUNCT
cblr-14251	686	14	at	at	ADP
cblr-14251	686	15	746	746	NUM
cblr-14251	686	16	(	(	PUNCT
cblr-14251	686	17	“	"	PUNCT
cblr-14251	686	18	for	for	ADP
cblr-14251	686	19	example	example	NOUN
cblr-14251	686	20	,	,	PUNCT
cblr-14251	686	21	courts	court	NOUN
cblr-14251	686	22	frequently	frequently	ADV
cblr-14251	686	23	declare	declare	VERB
cblr-14251	686	24	that	that	SCONJ
cblr-14251	686	25	certain	certain	ADJ
cblr-14251	686	26	vague	vague	ADJ
cblr-14251	686	27	,	,	PUNCT
cblr-14251	686	28	hyperbolic	hyperbolic	ADJ
cblr-14251	686	29	,	,	PUNCT
cblr-14251	686	30	or	or	CCONJ
cblr-14251	686	31	generic	generic	ADJ
cblr-14251	686	32	statements	statement	NOUN
cblr-14251	686	33	amount	amount	NOUN
cblr-14251	686	34	to	to	ADP
cblr-14251	686	35	puffery	puffery	NOUN
cblr-14251	686	36	,	,	PUNCT
cblr-14251	686	37	such	such	ADJ
cblr-14251	686	38	that	that	SCONJ
cblr-14251	686	39	they	they	PRON
cblr-14251	686	40	contain	contain	VERB
cblr-14251	686	41	no	no	DET
cblr-14251	686	42	useful	useful	ADJ
cblr-14251	686	43	information	information	NOUN
cblr-14251	686	44	upon	upon	SCONJ
cblr-14251	686	45	which	which	PRON
cblr-14251	686	46	a	a	DET
cblr-14251	686	47	reasonable	reasonable	ADJ
cblr-14251	686	48	investor	investor	NOUN
cblr-14251	686	49	would	would	AUX
cblr-14251	686	50	base	base	VERB
cblr-14251	686	51	a	a	DET
cblr-14251	686	52	decision	decision	NOUN
cblr-14251	686	53	to	to	PART
cblr-14251	686	54	invest	invest	VERB
cblr-14251	686	55	.	.	PUNCT
cblr-14251	687	1	courts	court	NOUN
cblr-14251	687	2	are	be	AUX
cblr-14251	687	3	not	not	PART
cblr-14251	687	4	only	only	ADV
cblr-14251	687	5	famously	famously	ADV
cblr-14251	687	6	inconsistent	inconsistent	ADJ
cblr-14251	687	7	in	in	ADP
cblr-14251	687	8	how	how	SCONJ
cblr-14251	687	9	the	the	DET
cblr-14251	687	10	puffery	puffery	NOUN
cblr-14251	687	11	doctrine	doctrine	NOUN
cblr-14251	687	12	is	be	AUX
cblr-14251	687	13	applied	apply	VERB
cblr-14251	687	14	,	,	PUNCT
cblr-14251	687	15	but	but	CCONJ
cblr-14251	687	16	they	they	PRON
cblr-14251	687	17	also	also	ADV
cblr-14251	687	18	tend	tend	VERB
cblr-14251	687	19	to	to	PART
cblr-14251	687	20	assume	assume	VERB
cblr-14251	687	21	a	a	DET
cblr-14251	687	22	level	level	NOUN
cblr-14251	687	23	of	of	ADP
cblr-14251	687	24	rationality	rationality	NOUN
cblr-14251	687	25	in	in	ADP
cblr-14251	687	26	market	market	NOUN
cblr-14251	687	27	functioning	function	VERB
cblr-14251	687	28	that	that	PRON
cblr-14251	687	29	is	be	AUX
cblr-14251	687	30	rarely	rarely	ADV
cblr-14251	687	31	in	in	ADP
cblr-14251	687	32	evidence	evidence	NOUN
cblr-14251	687	33	.	.	PUNCT
cblr-14251	687	34	”	"	PUNCT
cblr-14251	687	35	)	)	PUNCT
cblr-14251	687	36	.	.	PUNCT
cblr-14251	688	1	167	167	NUM
cblr-14251	688	2	see	see	VERB
cblr-14251	688	3	i	i	PROPN
cblr-14251	688	4	d.	d.	PROPN
cblr-14251	688	5	;	;	PUNCT
cblr-14251	688	6	see	see	VERB
cblr-14251	688	7	also	also	ADV
cblr-14251	688	8	ann	ann	PROPN
cblr-14251	688	9	lipton	lipton	PROPN
cblr-14251	688	10	,	,	PUNCT
cblr-14251	688	11	nvidia	nvidia	PROPN
cblr-14251	688	12	,	,	PUNCT
cblr-14251	688	13	bus	bus	NOUN
cblr-14251	688	14	.	.	PUNCT
cblr-14251	689	1	l.	l.	PROPN
cblr-14251	689	2	prof	prof	PROPN
cblr-14251	689	3	blog	blog	PROPN
cblr-14251	689	4	(	(	PUNCT
cblr-14251	689	5	aug	aug	PROPN
cblr-14251	689	6	.	.	PROPN
cblr-14251	689	7	16	16	NUM
cblr-14251	689	8	,	,	PUNCT
cblr-14251	689	9	2024	2024	NUM
cblr-14251	689	10	)	)	PUNCT
cblr-14251	689	11	,	,	PUNCT
cblr-14251	689	12	https://www.businesslawprofessors.com/2024/08/nvidia/	https://www.businesslawprofessors.com/2024/08/nvidia/	X
cblr-14251	690	1	[	[	X
cblr-14251	690	2	https://perma.cc/nk8s-w46	https://perma.cc/nk8s-w46	NOUN
cblr-14251	690	3	g	g	NOUN
cblr-14251	690	4	]	]	X
cblr-14251	690	5	(	(	PUNCT
cblr-14251	690	6	citing	cite	VERB
cblr-14251	690	7	steven	steven	PROPN
cblr-14251	690	8	m.	m.	PROPN
cblr-14251	690	9	bainbridge	bainbridge	PROPN
cblr-14251	690	10	&	&	CCONJ
cblr-14251	690	11	mitu	mitu	PROPN
cblr-14251	690	12	gulati	gulati	PROPN
cblr-14251	690	13	,	,	PUNCT
cblr-14251	690	14	how	how	SCONJ
cblr-14251	690	15	do	do	AUX
cblr-14251	690	16	judges	judge	NOUN
cblr-14251	690	17	maximize	maximize	VERB
cblr-14251	690	18	?	?	PUNCT
cblr-14251	691	1	(	(	PUNCT
cblr-14251	691	2	the	the	DET
cblr-14251	691	3	same	same	ADJ
cblr-14251	691	4	way	way	NOUN
cblr-14251	691	5	everybody	everybody	PRON
cblr-14251	691	6	else	else	ADV
cblr-14251	691	7	does	do	VERB
cblr-14251	691	8	–	–	PUNCT
cblr-14251	691	9	boundedly	boundedly	ADV
cblr-14251	691	10	):	):	PUNCT
cblr-14251	691	11	rules	rule	NOUN
cblr-14251	691	12	of	of	ADP
cblr-14251	691	13	thumb	thumb	NOUN
cblr-14251	691	14	in	in	ADP
cblr-14251	691	15	securities	security	NOUN
cblr-14251	691	16	fraud	fraud	NOUN
cblr-14251	691	17	opinions	opinion	NOUN
cblr-14251	691	18	,	,	PUNCT
cblr-14251	691	19	51	51	NUM
cblr-14251	691	20	emory	emory	PROPN
cblr-14251	691	21	l.j	l.j	PROPN
cblr-14251	691	22	.	.	PROPN
cblr-14251	691	23	83	83	NUM
cblr-14251	691	24	(	(	PUNCT
cblr-14251	691	25	2002	2002	NUM
cblr-14251	691	26	)	)	PUNCT
cblr-14251	691	27	(	(	PUNCT
cblr-14251	691	28	explaining	explain	VERB
cblr-14251	691	29	that	that	SCONJ
cblr-14251	691	30	judges	judge	NOUN
cblr-14251	691	31	deciding	decide	VERB
cblr-14251	691	32	motions	motion	NOUN
cblr-14251	691	33	to	to	PART
cblr-14251	691	34	dismiss	dismiss	VERB
cblr-14251	691	35	use	use	VERB
cblr-14251	691	36	rules	rule	NOUN
cblr-14251	691	37	of	of	ADP
cblr-14251	691	38	thumb	thumb	NOUN
cblr-14251	691	39	to	to	PART
cblr-14251	691	40	determine	determine	VERB
cblr-14251	691	41	whether	whether	SCONJ
cblr-14251	691	42	pleading	plead	VERB
cblr-14251	691	43	requirements	requirement	NOUN
cblr-14251	691	44	have	have	AUX
cblr-14251	691	45	been	be	AUX
cblr-14251	691	46	met	meet	VERB
cblr-14251	691	47	and	and	CCONJ
cblr-14251	691	48	identifying	identify	VERB
cblr-14251	691	49	a	a	DET
cblr-14251	691	50	number	number	NOUN
cblr-14251	691	51	of	of	ADP
cblr-14251	691	52	these	these	DET
cblr-14251	691	53	rules	rule	NOUN
cblr-14251	691	54	,	,	PUNCT
cblr-14251	691	55	including	include	VERB
cblr-14251	691	56	the	the	DET
cblr-14251	691	57	puffery	puffery	NOUN
cblr-14251	691	58	doctrine	doctrine	NOUN
cblr-14251	691	59	,	,	PUNCT
cblr-14251	691	60	the	the	DET
cblr-14251	691	61	274	274	NUM
cblr-14251	691	62	columbia	columbia	PROPN
cblr-14251	691	63	business	business	NOUN
cblr-14251	691	64	law	law	NOUN
cblr-14251	691	65	review	review	NOUN
cblr-14251	692	1	[	[	X
cblr-14251	692	2	vol	vol	NOUN
cblr-14251	692	3	.	.	PUNCT
cblr-14251	692	4	2025	2025	NUM
cblr-14251	692	5	demand	demand	NOUN
cblr-14251	692	6	-	-	PUNCT
cblr-14251	692	7	driven	drive	VERB
cblr-14251	692	8	aspects	aspect	NOUN
cblr-14251	692	9	and	and	CCONJ
cblr-14251	692	10	beliefs	belief	NOUN
cblr-14251	692	11	could	could	AUX
cblr-14251	692	12	certainly	certainly	ADV
cblr-14251	692	13	make	make	VERB
cblr-14251	692	14	statements	statement	NOUN
cblr-14251	692	15	or	or	CCONJ
cblr-14251	692	16	omissions	omission	NOUN
cblr-14251	692	17	more	more	ADV
cblr-14251	692	18	misleading	misleading	ADJ
cblr-14251	692	19	.	.	PUNCT
cblr-14251	693	1	to	to	PART
cblr-14251	693	2	understand	understand	VERB
cblr-14251	693	3	the	the	DET
cblr-14251	693	4	complexity	complexity	NOUN
cblr-14251	693	5	of	of	ADP
cblr-14251	693	6	a	a	DET
cblr-14251	693	7	falsity	falsity	NOUN
cblr-14251	693	8	inquiry	inquiry	NOUN
cblr-14251	693	9	when	when	SCONJ
cblr-14251	693	10	faced	face	VERB
cblr-14251	693	11	with	with	ADP
cblr-14251	693	12	demanddriven	demanddriven	ADJ
cblr-14251	693	13	investing	investing	NOUN
cblr-14251	693	14	,	,	PUNCT
cblr-14251	693	15	recall	recall	VERB
cblr-14251	693	16	the	the	DET
cblr-14251	693	17	example	example	NOUN
cblr-14251	693	18	of	of	ADP
cblr-14251	693	19	ryan	ryan	PROPN
cblr-14251	693	20	cohen	cohen	PROPN
cblr-14251	693	21	’s	’s	PROPN
cblr-14251	693	22	moon	moon	PROPN
cblr-14251	693	23	emoji	emoji	PROPN
cblr-14251	693	24	tweet	tweet	PROPN
cblr-14251	693	25	.	.	PUNCT
cblr-14251	694	1	after	after	SCONJ
cblr-14251	694	2	cnbc	cnbc	PROPN
cblr-14251	694	3	tweeted	tweet	VERB
cblr-14251	694	4	an	an	DET
cblr-14251	694	5	article	article	NOUN
cblr-14251	694	6	about	about	ADP
cblr-14251	694	7	bed	bed	NOUN
cblr-14251	694	8	bath	bath	NOUN
cblr-14251	694	9	&	&	CCONJ
cblr-14251	694	10	beyond	beyond	ADP
cblr-14251	694	11	’s	’s	PART
cblr-14251	694	12	financial	financial	ADJ
cblr-14251	694	13	difficulties	difficulty	NOUN
cblr-14251	694	14	,	,	PUNCT
cblr-14251	694	15	which	which	PRON
cblr-14251	694	16	included	include	VERB
cblr-14251	694	17	a	a	DET
cblr-14251	694	18	picture	picture	NOUN
cblr-14251	694	19	of	of	ADP
cblr-14251	694	20	a	a	DET
cblr-14251	694	21	woman	woman	NOUN
cblr-14251	694	22	with	with	ADP
cblr-14251	694	23	a	a	DET
cblr-14251	694	24	shopping	shopping	NOUN
cblr-14251	694	25	cart	cart	NOUN
cblr-14251	694	26	at	at	ADP
cblr-14251	694	27	a	a	DET
cblr-14251	694	28	bed	bed	NOUN
cblr-14251	694	29	bath	bath	NOUN
cblr-14251	694	30	&	&	CCONJ
cblr-14251	694	31	beyond	beyond	ADP
cblr-14251	694	32	store	store	NOUN
cblr-14251	694	33	,	,	PUNCT
cblr-14251	694	34	cohen	cohen	PROPN
cblr-14251	694	35	tweeted	tweet	VERB
cblr-14251	694	36	the	the	DET
cblr-14251	694	37	following	follow	VERB
cblr-14251	694	38	response:168	response:168	NOUN
cblr-14251	694	39	cohen	cohen	NOUN
cblr-14251	694	40	filed	file	VERB
cblr-14251	694	41	a	a	DET
cblr-14251	694	42	schedule	schedule	NOUN
cblr-14251	694	43	13d	13d	NOUN
cblr-14251	694	44	with	with	ADP
cblr-14251	694	45	the	the	DET
cblr-14251	694	46	sec	sec	PROPN
cblr-14251	694	47	four	four	NUM
cblr-14251	694	48	days	day	NOUN
cblr-14251	694	49	later	later	ADV
cblr-14251	694	50	listing	list	VERB
cblr-14251	694	51	his	his	PRON
cblr-14251	694	52	holdings	holding	NOUN
cblr-14251	694	53	in	in	ADP
cblr-14251	694	54	bed	bed	NOUN
cblr-14251	694	55	bath	bath	NOUN
cblr-14251	694	56	&	&	CCONJ
cblr-14251	694	57	beyond	beyond	ADV
cblr-14251	694	58	(	(	PUNCT
cblr-14251	694	59	including	include	VERB
cblr-14251	694	60	an	an	DET
cblr-14251	694	61	approximately	approximately	ADV
cblr-14251	694	62	10	10	NUM
cblr-14251	694	63	%	%	NOUN
cblr-14251	694	64	equity	equity	NOUN
cblr-14251	694	65	stake	stake	NOUN
cblr-14251	694	66	in	in	ADP
cblr-14251	694	67	the	the	DET
cblr-14251	694	68	company).169	company).169	PROPN
cblr-14251	694	69	this	this	DET
cblr-14251	694	70	position	position	NOUN
cblr-14251	694	71	was	be	AUX
cblr-14251	694	72	essentially	essentially	ADV
cblr-14251	694	73	the	the	DET
cblr-14251	694	74	same	same	ADJ
cblr-14251	694	75	as	as	SCONJ
cblr-14251	694	76	the	the	DET
cblr-14251	694	77	position	position	NOUN
cblr-14251	694	78	cohen	cohen	NOUN
cblr-14251	694	79	had	have	AUX
cblr-14251	694	80	previously	previously	ADV
cblr-14251	694	81	disclosed	disclose	VERB
cblr-14251	694	82	earlier	early	ADV
cblr-14251	694	83	that	that	SCONJ
cblr-14251	694	84	year.170	year.170	PROPN
cblr-14251	694	85	nevertheless	nevertheless	ADV
cblr-14251	694	86	,	,	PUNCT
cblr-14251	694	87	retail	retail	ADJ
cblr-14251	694	88	investors	investor	NOUN
cblr-14251	694	89	purchased	purchase	VERB
cblr-14251	694	90	around	around	ADV
cblr-14251	694	91	$	$	SYM
cblr-14251	694	92	73	73	NUM
cblr-14251	694	93	million	million	NUM
cblr-14251	694	94	in	in	ADP
cblr-14251	694	95	bed	bed	NOUN
cblr-14251	694	96	bath	bath	NOUN
cblr-14251	694	97	&	&	CCONJ
cblr-14251	694	98	beyond	beyond	ADP
cblr-14251	694	99	in	in	ADP
cblr-14251	694	100	response	response	NOUN
cblr-14251	694	101	,	,	PUNCT
cblr-14251	694	102	sending	send	VERB
cblr-14251	694	103	its	its	PRON
cblr-14251	694	104	share	share	NOUN
cblr-14251	694	105	price	price	NOUN
cblr-14251	694	106	up	up	ADV
cblr-14251	694	107	nearly	nearly	ADV
cblr-14251	694	108	70%.171	70%.171	NUM
cblr-14251	694	109	that	that	DET
cblr-14251	694	110	same	same	ADJ
cblr-14251	694	111	day	day	NOUN
cblr-14251	694	112	,	,	PUNCT
cblr-14251	694	113	cohen	cohen	PROPN
cblr-14251	694	114	unloaded	unload	VERB
cblr-14251	694	115	his	his	PRON
cblr-14251	694	116	bespeaks	bespeak	NOUN
cblr-14251	694	117	caution	caution	NOUN
cblr-14251	694	118	doctrine	doctrine	NOUN
cblr-14251	694	119	,	,	PUNCT
cblr-14251	694	120	among	among	ADP
cblr-14251	694	121	others	other	NOUN
cblr-14251	694	122	)	)	PUNCT
cblr-14251	694	123	)	)	PUNCT
cblr-14251	694	124	;	;	PUNCT
cblr-14251	695	1	hillary	hillary	PROPN
cblr-14251	695	2	a.	a.	NOUN
cblr-14251	695	3	sale	sale	NOUN
cblr-14251	695	4	,	,	PUNCT
cblr-14251	695	5	judging	judge	VERB
cblr-14251	695	6	heuristics	heuristic	NOUN
cblr-14251	695	7	,	,	PUNCT
cblr-14251	695	8	35	35	NUM
cblr-14251	695	9	u.c	u.c	PROPN
cblr-14251	695	10	.	.	PUNCT
cblr-14251	696	1	davis	davis	PROPN
cblr-14251	696	2	l.	l.	PROPN
cblr-14251	696	3	rev	rev	PROPN
cblr-14251	696	4	.	.	PROPN
cblr-14251	696	5	903	903	NUM
cblr-14251	696	6	,	,	PUNCT
cblr-14251	696	7	906	906	NUM
cblr-14251	696	8	(	(	PUNCT
cblr-14251	696	9	2002	2002	NUM
cblr-14251	696	10	)	)	PUNCT
cblr-14251	696	11	.	.	PUNCT
cblr-14251	697	1	168cnbc	168cnbc	PROPN
cblr-14251	697	2	(	(	PUNCT
cblr-14251	697	3	@cnbc	@cnbc	PROPN
cblr-14251	697	4	)	)	PUNCT
cblr-14251	697	5	,	,	PUNCT
cblr-14251	697	6	twitter	twitter	NOUN
cblr-14251	697	7	(	(	PUNCT
cblr-14251	697	8	aug	aug	PROPN
cblr-14251	697	9	.	.	PROPN
cblr-14251	697	10	12	12	NUM
cblr-14251	697	11	,	,	PUNCT
cblr-14251	697	12	2022	2022	NUM
cblr-14251	697	13	,	,	PUNCT
cblr-14251	697	14	7:04	7:04	NUM
cblr-14251	697	15	am	am	NOUN
cblr-14251	697	16	)	)	PUNCT
cblr-14251	697	17	,	,	PUNCT
cblr-14251	697	18	https://twitter.com/cnbc/status/1558046723053953025	https://twitter.com/cnbc/status/1558046723053953025	PUNCT
cblr-14251	697	19	[	[	X
cblr-14251	697	20	https://perma.cc/y26b-wj6h	https://perma.cc/y26b-wj6h	NOUN
cblr-14251	697	21	]	]	X
cblr-14251	697	22	;	;	PUNCT
cblr-14251	697	23	ryan	ryan	PROPN
cblr-14251	697	24	cohen	cohen	PROPN
cblr-14251	697	25	(	(	PUNCT
cblr-14251	697	26	@ryancohen	@ryancohen	PROPN
cblr-14251	697	27	)	)	PUNCT
cblr-14251	697	28	,	,	PUNCT
cblr-14251	697	29	twitter	twitter	NOUN
cblr-14251	697	30	(	(	PUNCT
cblr-14251	697	31	aug	aug	PROPN
cblr-14251	697	32	.	.	PROPN
cblr-14251	697	33	12	12	NUM
cblr-14251	697	34	,	,	PUNCT
cblr-14251	697	35	2022	2022	NUM
cblr-14251	697	36	10:42	10:42	NUM
cblr-14251	697	37	am	am	NOUN
cblr-14251	697	38	)	)	PUNCT
cblr-14251	697	39	,	,	PUNCT
cblr-14251	697	40	https://twitter.com/ryancohen/status/1558101541453795329	https://twitter.com/ryancohen/status/1558101541453795329	X
cblr-14251	698	1	[	[	X
cblr-14251	698	2	https://perma.cc/cae6-ylam	https://perma.cc/cae6-ylam	PROPN
cblr-14251	698	3	]	]	X
cblr-14251	698	4	.	.	PUNCT
cblr-14251	698	5	169	169	NUM
cblr-14251	698	6	in	in	ADP
cblr-14251	698	7	re	re	NOUN
cblr-14251	698	8	bed	bed	NOUN
cblr-14251	698	9	bath	bath	NOUN
cblr-14251	698	10	&	&	CCONJ
cblr-14251	698	11	beyond	beyond	ADP
cblr-14251	698	12	corp	corp	PROPN
cblr-14251	698	13	.	.	PROPN
cblr-14251	698	14	sec	sec	PROPN
cblr-14251	698	15	.	.	PROPN
cblr-14251	698	16	litig	litig	PROPN
cblr-14251	698	17	.	.	PUNCT
cblr-14251	698	18	,	,	PUNCT
cblr-14251	698	19	no	no	INTJ
cblr-14251	698	20	.	.	PUNCT
cblr-14251	699	1	1:22	1:22	NUM
cblr-14251	699	2	-	-	PUNCT
cblr-14251	699	3	cv-2541	cv-2541	NOUN
cblr-14251	699	4	,	,	PUNCT
cblr-14251	699	5	2023	2023	NUM
cblr-14251	699	6	wl	wl	NOUN
cblr-14251	699	7	4824734	4824734	NUM
cblr-14251	699	8	,	,	PUNCT
cblr-14251	699	9	at	at	ADP
cblr-14251	699	10	*	*	NOUN
cblr-14251	699	11	1–2	1–2	NUM
cblr-14251	699	12	,	,	PUNCT
cblr-14251	699	13	*	*	PUNCT
cblr-14251	699	14	6–7	6–7	NUM
cblr-14251	699	15	(	(	PUNCT
cblr-14251	699	16	d.c.c	d.c.c	NOUN
cblr-14251	699	17	.	.	PUNCT
cblr-14251	699	18	july	july	PROPN
cblr-14251	699	19	27	27	NUM
cblr-14251	699	20	,	,	PUNCT
cblr-14251	699	21	2023	2023	NUM
cblr-14251	699	22	)	)	PUNCT
cblr-14251	699	23	.	.	PUNCT
cblr-14251	700	1	a	a	DET
cblr-14251	700	2	schedule	schedule	NOUN
cblr-14251	700	3	13d	13d	NOUN
cblr-14251	700	4	filing	filing	NOUN
cblr-14251	700	5	is	be	AUX
cblr-14251	700	6	triggered	trigger	VERB
cblr-14251	700	7	when	when	SCONJ
cblr-14251	700	8	an	an	DET
cblr-14251	700	9	investor	investor	NOUN
cblr-14251	700	10	acquires	acquire	VERB
cblr-14251	700	11	more	more	ADJ
cblr-14251	700	12	than	than	ADP
cblr-14251	700	13	five	five	NUM
cblr-14251	700	14	percent	percent	NOUN
cblr-14251	700	15	of	of	ADP
cblr-14251	700	16	a	a	DET
cblr-14251	700	17	company	company	NOUN
cblr-14251	700	18	’s	’s	PART
cblr-14251	700	19	stock	stock	NOUN
cblr-14251	700	20	.	.	PUNCT
cblr-14251	701	1	see	see	VERB
cblr-14251	701	2	17	17	NUM
cblr-14251	701	3	c.f.r	c.f.r	NOUN
cblr-14251	701	4	.	.	PUNCT
cblr-14251	702	1	§	§	PROPN
cblr-14251	702	2	240.13d-1	240.13d-1	NUM
cblr-14251	702	3	.	.	PUNCT
cblr-14251	703	1	170	170	NUM
cblr-14251	703	2	mccabe	mccabe	NOUN
cblr-14251	703	3	,	,	PUNCT
cblr-14251	703	4	supra	supra	PROPN
cblr-14251	703	5	note	note	NOUN
cblr-14251	703	6	57	57	NUM
cblr-14251	703	7	.	.	PUNCT
cblr-14251	704	1	171	171	NUM
cblr-14251	704	2	see	see	VERB
cblr-14251	704	3	li	li	PROPN
cblr-14251	704	4	&	&	CCONJ
cblr-14251	704	5	thomas	thomas	PROPN
cblr-14251	704	6	,	,	PUNCT
cblr-14251	704	7	supra	supra	PROPN
cblr-14251	704	8	note	note	PROPN
cblr-14251	704	9	58	58	NUM
cblr-14251	704	10	(	(	PUNCT
cblr-14251	704	11	explaining	explain	VERB
cblr-14251	704	12	how	how	SCONJ
cblr-14251	704	13	cohen	cohen	PROPN
cblr-14251	704	14	’s	’s	PART
cblr-14251	704	15	call	call	NOUN
cblr-14251	704	16	options	option	NOUN
cblr-14251	704	17	led	lead	VERB
cblr-14251	704	18	to	to	ADP
cblr-14251	704	19	a	a	DET
cblr-14251	704	20	surge	surge	NOUN
cblr-14251	704	21	in	in	ADP
cblr-14251	704	22	trading	trading	NOUN
cblr-14251	704	23	volume	volume	NOUN
cblr-14251	704	24	of	of	ADP
cblr-14251	704	25	bed	bed	NOUN
cblr-14251	704	26	bath	bath	NOUN
cblr-14251	704	27	&	&	CCONJ
cblr-14251	704	28	beyond	beyond	ADP
cblr-14251	704	29	stock	stock	NOUN
cblr-14251	704	30	)	)	PUNCT
cblr-14251	704	31	.	.	PUNCT
cblr-14251	705	1	no	no	INTJ
cblr-14251	705	2	.	.	NOUN
cblr-14251	705	3	1	1	NUM
cblr-14251	705	4	]	]	PUNCT
cblr-14251	705	5	securities	security	NOUN
cblr-14251	705	6	fraud	fraud	NOUN
cblr-14251	705	7	and	and	CCONJ
cblr-14251	705	8	the	the	DET
cblr-14251	705	9	market	market	NOUN
cblr-14251	705	10	for	for	ADP
cblr-14251	705	11	individual	individual	ADJ
cblr-14251	705	12	stocks	stock	NOUN
cblr-14251	705	13	275	275	NUM
cblr-14251	705	14	entire	entire	ADJ
cblr-14251	705	15	stake	stake	NOUN
cblr-14251	705	16	in	in	ADP
cblr-14251	705	17	bed	bed	NOUN
cblr-14251	705	18	bath	bath	NOUN
cblr-14251	705	19	&	&	CCONJ
cblr-14251	705	20	beyond	beyond	ADV
cblr-14251	705	21	,	,	PUNCT
cblr-14251	705	22	making	make	VERB
cblr-14251	705	23	around	around	ADP
cblr-14251	705	24	$	$	SYM
cblr-14251	705	25	68	68	NUM
cblr-14251	705	26	million.172	million.172	ADP
cblr-14251	705	27	bed	bed	NOUN
cblr-14251	705	28	bath	bath	NOUN
cblr-14251	705	29	&	&	CCONJ
cblr-14251	705	30	beyond	beyond	ADP
cblr-14251	705	31	’s	’s	NOUN
cblr-14251	705	32	share	share	NOUN
cblr-14251	705	33	price	price	NOUN
cblr-14251	705	34	plummeted	plummet	VERB
cblr-14251	705	35	as	as	ADV
cblr-14251	705	36	soon	soon	ADV
cblr-14251	705	37	as	as	SCONJ
cblr-14251	705	38	cohen	cohen	PROPN
cblr-14251	705	39	disclosed	disclose	VERB
cblr-14251	705	40	the	the	DET
cblr-14251	705	41	sale.173	sale.173	PROPN
cblr-14251	705	42	cohen	cohen	PROPN
cblr-14251	705	43	,	,	PUNCT
cblr-14251	705	44	along	along	ADP
cblr-14251	705	45	with	with	ADP
cblr-14251	705	46	others	other	NOUN
cblr-14251	705	47	,	,	PUNCT
cblr-14251	705	48	was	be	AUX
cblr-14251	705	49	subsequently	subsequently	ADV
cblr-14251	705	50	sued	sue	VERB
cblr-14251	705	51	,	,	PUNCT
cblr-14251	705	52	and	and	CCONJ
cblr-14251	705	53	the	the	DET
cblr-14251	705	54	meaning	meaning	NOUN
cblr-14251	705	55	of	of	ADP
cblr-14251	705	56	his	his	PRON
cblr-14251	705	57	august	august	PROPN
cblr-14251	705	58	12	12	NUM
cblr-14251	705	59	,	,	PUNCT
cblr-14251	705	60	2022	2022	NUM
cblr-14251	705	61	tweet	tweet	NOUN
cblr-14251	705	62	containing	contain	VERB
cblr-14251	705	63	the	the	DET
cblr-14251	705	64	moon	moon	NOUN
cblr-14251	705	65	emoji	emoji	PROPN
cblr-14251	705	66	was	be	AUX
cblr-14251	705	67	a	a	DET
cblr-14251	705	68	central	central	ADJ
cblr-14251	705	69	issue	issue	NOUN
cblr-14251	705	70	in	in	ADP
cblr-14251	705	71	the	the	DET
cblr-14251	705	72	case	case	NOUN
cblr-14251	705	73	.	.	PUNCT
cblr-14251	706	1	yet	yet	CCONJ
cblr-14251	706	2	what	what	PRON
cblr-14251	706	3	,	,	PUNCT
cblr-14251	706	4	if	if	SCONJ
cblr-14251	706	5	anything	anything	PRON
cblr-14251	706	6	,	,	PUNCT
cblr-14251	706	7	was	be	AUX
cblr-14251	706	8	the	the	DET
cblr-14251	706	9	actionable	actionable	ADJ
cblr-14251	706	10	lie	lie	NOUN
cblr-14251	706	11	stated	state	VERB
cblr-14251	706	12	by	by	ADP
cblr-14251	706	13	ryan	ryan	PROPN
cblr-14251	706	14	cohen	cohen	PROPN
cblr-14251	706	15	in	in	ADP
cblr-14251	706	16	his	his	PRON
cblr-14251	706	17	tweet	tweet	NOUN
cblr-14251	706	18	?	?	PUNCT
cblr-14251	707	1	the	the	DET
cblr-14251	707	2	falsity	falsity	NOUN
cblr-14251	707	3	of	of	ADP
cblr-14251	707	4	something	something	PRON
cblr-14251	707	5	like	like	ADP
cblr-14251	707	6	the	the	DET
cblr-14251	707	7	moon	moon	PROPN
cblr-14251	707	8	emoji	emoji	PROPN
cblr-14251	707	9	tweet	tweet	NOUN
cblr-14251	707	10	depends	depend	VERB
cblr-14251	707	11	on	on	ADP
cblr-14251	707	12	its	its	PRON
cblr-14251	707	13	interpretation	interpretation	NOUN
cblr-14251	707	14	,	,	PUNCT
cblr-14251	707	15	which	which	PRON
cblr-14251	707	16	in	in	ADP
cblr-14251	707	17	turn	turn	NOUN
cblr-14251	707	18	depends	depend	VERB
cblr-14251	707	19	on	on	ADP
cblr-14251	707	20	its	its	PRON
cblr-14251	707	21	audience	audience	NOUN
cblr-14251	707	22	,	,	PUNCT
cblr-14251	707	23	context	context	NOUN
cblr-14251	707	24	,	,	PUNCT
cblr-14251	707	25	and	and	CCONJ
cblr-14251	707	26	community	community	NOUN
cblr-14251	707	27	.	.	PUNCT
cblr-14251	708	1	a	a	DET
cblr-14251	708	2	professional	professional	ADJ
cblr-14251	708	3	securities	security	NOUN
cblr-14251	708	4	analyst	analyst	NOUN
cblr-14251	708	5	may	may	AUX
cblr-14251	708	6	see	see	VERB
cblr-14251	708	7	the	the	DET
cblr-14251	708	8	moon	moon	NOUN
cblr-14251	708	9	emoji	emoji	PROPN
cblr-14251	708	10	and	and	CCONJ
cblr-14251	708	11	dismiss	dismiss	VERB
cblr-14251	708	12	it	it	PRON
cblr-14251	708	13	as	as	ADP
cblr-14251	708	14	nonsense	nonsense	NOUN
cblr-14251	708	15	.	.	PUNCT
cblr-14251	709	1	however	however	ADV
cblr-14251	709	2	,	,	PUNCT
cblr-14251	709	3	a	a	DET
cblr-14251	709	4	retail	retail	ADJ
cblr-14251	709	5	investor	investor	NOUN
cblr-14251	709	6	who	who	PRON
cblr-14251	709	7	follows	follow	VERB
cblr-14251	709	8	ryan	ryan	PROPN
cblr-14251	709	9	cohen	cohen	PROPN
cblr-14251	709	10	closely	closely	ADV
cblr-14251	709	11	and	and	CCONJ
cblr-14251	709	12	pays	pay	VERB
cblr-14251	709	13	attention	attention	NOUN
cblr-14251	709	14	to	to	ADP
cblr-14251	709	15	investing	invest	VERB
cblr-14251	709	16	trends	trend	NOUN
cblr-14251	709	17	on	on	ADP
cblr-14251	709	18	reddit	reddit	NOUN
cblr-14251	709	19	may	may	AUX
cblr-14251	709	20	interpret	interpret	VERB
cblr-14251	709	21	the	the	DET
cblr-14251	709	22	tweet	tweet	NOUN
cblr-14251	709	23	as	as	ADP
cblr-14251	709	24	the	the	DET
cblr-14251	709	25	following	follow	VERB
cblr-14251	709	26	statement	statement	NOUN
cblr-14251	709	27	:	:	PUNCT
cblr-14251	709	28	“	"	PUNCT
cblr-14251	709	29	cohen	cohen	PROPN
cblr-14251	709	30	was	be	AUX
cblr-14251	709	31	confident	confident	ADJ
cblr-14251	709	32	in	in	ADP
cblr-14251	709	33	bed	bed	NOUN
cblr-14251	709	34	bath	bath	NOUN
cblr-14251	709	35	and	and	CCONJ
cblr-14251	709	36	.	.	PUNCT
cblr-14251	709	37	.	.	PUNCT
cblr-14251	709	38	.	.	PUNCT
cblr-14251	710	1	he	he	PRON
cblr-14251	710	2	was	be	AUX
cblr-14251	710	3	encouraging	encourage	VERB
cblr-14251	710	4	them	they	PRON
cblr-14251	710	5	to	to	PART
cblr-14251	710	6	act	act	VERB
cblr-14251	710	7	.	.	PUNCT
cblr-14251	711	1	”174	”174	X
cblr-14251	712	1	it	it	PRON
cblr-14251	712	2	is	be	AUX
cblr-14251	712	3	this	this	DET
cblr-14251	712	4	interpretation	interpretation	NOUN
cblr-14251	712	5	that	that	PRON
cblr-14251	712	6	is	be	AUX
cblr-14251	712	7	arguably	arguably	ADV
cblr-14251	712	8	“	"	PUNCT
cblr-14251	712	9	false	false	ADJ
cblr-14251	712	10	”	"	PUNCT
cblr-14251	712	11	and	and	CCONJ
cblr-14251	712	12	therefore	therefore	ADV
cblr-14251	712	13	arguably	arguably	ADV
cblr-14251	712	14	a	a	DET
cblr-14251	712	15	statement	statement	NOUN
cblr-14251	712	16	that	that	PRON
cblr-14251	712	17	creates	create	VERB
cblr-14251	712	18	liability	liability	NOUN
cblr-14251	712	19	,	,	PUNCT
cblr-14251	712	20	or	or	CCONJ
cblr-14251	712	21	so	so	ADV
cblr-14251	712	22	the	the	DET
cblr-14251	712	23	district	district	NOUN
cblr-14251	712	24	court	court	NOUN
cblr-14251	712	25	concluded.175	concluded.175	NOUN
cblr-14251	712	26	consider	consider	VERB
cblr-14251	712	27	again	again	ADV
cblr-14251	712	28	the	the	DET
cblr-14251	712	29	example	example	NOUN
cblr-14251	712	30	of	of	ADP
cblr-14251	712	31	nostalgiable	nostalgiable	ADJ
cblr-14251	712	32	,	,	PUNCT
cblr-14251	712	33	the	the	DET
cblr-14251	712	34	sustainable	sustainable	ADJ
cblr-14251	712	35	clothing	clothing	NOUN
cblr-14251	712	36	company	company	NOUN
cblr-14251	712	37	discussed	discuss	VERB
cblr-14251	712	38	previously	previously	ADV
cblr-14251	712	39	in	in	ADP
cblr-14251	712	40	section	section	PROPN
cblr-14251	712	41	iii	iii	PROPN
cblr-14251	712	42	.	.	PROPN
cblr-14251	712	43	recall	recall	VERB
cblr-14251	712	44	that	that	SCONJ
cblr-14251	712	45	the	the	DET
cblr-14251	712	46	clothing	clothing	NOUN
cblr-14251	712	47	is	be	AUX
cblr-14251	712	48	marketed	market	VERB
cblr-14251	712	49	as	as	ADP
cblr-14251	712	50	“	"	PUNCT
cblr-14251	712	51	nostalgic	nostalgic	ADJ
cblr-14251	712	52	,	,	PUNCT
cblr-14251	712	53	sustainable	sustainable	ADJ
cblr-14251	712	54	creations	creation	NOUN
cblr-14251	712	55	made	make	VERB
cblr-14251	712	56	from	from	ADP
cblr-14251	712	57	organic	organic	ADJ
cblr-14251	712	58	,	,	PUNCT
cblr-14251	712	59	recycled	recycle	VERB
cblr-14251	712	60	materials	material	NOUN
cblr-14251	712	61	that	that	PRON
cblr-14251	712	62	celebrate	celebrate	VERB
cblr-14251	712	63	our	our	PRON
cblr-14251	712	64	shared	share	VERB
cblr-14251	712	65	love	love	NOUN
cblr-14251	712	66	of	of	ADP
cblr-14251	712	67	the	the	DET
cblr-14251	712	68	planet	planet	NOUN
cblr-14251	712	69	.	.	PUNCT
cblr-14251	712	70	”	"	PUNCT
cblr-14251	713	1	imagine	imagine	VERB
cblr-14251	713	2	that	that	SCONJ
cblr-14251	713	3	the	the	DET
cblr-14251	713	4	ceo	ceo	NOUN
cblr-14251	713	5	announces	announce	VERB
cblr-14251	713	6	on	on	ADP
cblr-14251	713	7	instagram	instagram	PROPN
cblr-14251	713	8	that	that	SCONJ
cblr-14251	713	9	nostalgiable	nostalgiable	ADJ
cblr-14251	713	10	plans	plan	NOUN
cblr-14251	713	11	to	to	PART
cblr-14251	713	12	introduce	introduce	VERB
cblr-14251	713	13	a	a	DET
cblr-14251	713	14	new	new	ADJ
cblr-14251	713	15	line	line	NOUN
cblr-14251	713	16	of	of	ADP
cblr-14251	713	17	“	"	PUNCT
cblr-14251	713	18	sustainable	sustainable	ADJ
cblr-14251	713	19	”	"	PUNCT
cblr-14251	713	20	jewelry	jewelry	NOUN
cblr-14251	713	21	.	.	PUNCT
cblr-14251	714	1	in	in	ADP
cblr-14251	714	2	response	response	NOUN
cblr-14251	714	3	,	,	PUNCT
cblr-14251	714	4	nostalgia	nostalgia	NOUN
cblr-14251	714	5	’s	’s	PART
cblr-14251	714	6	stock	stock	NOUN
cblr-14251	714	7	price	price	NOUN
cblr-14251	714	8	rises	rise	VERB
cblr-14251	714	9	from	from	ADP
cblr-14251	714	10	$	$	SYM
cblr-14251	714	11	20	20	NUM
cblr-14251	714	12	to	to	PART
cblr-14251	714	13	$	$	SYM
cblr-14251	714	14	22	22	NUM
cblr-14251	714	15	per	per	ADP
cblr-14251	714	16	share	share	NOUN
cblr-14251	714	17	,	,	PUNCT
cblr-14251	714	18	buoyed	buoy	VERB
cblr-14251	714	19	in	in	ADP
cblr-14251	714	20	large	large	ADJ
cblr-14251	714	21	part	part	NOUN
cblr-14251	714	22	by	by	ADP
cblr-14251	714	23	retail	retail	ADJ
cblr-14251	714	24	investors	investor	NOUN
cblr-14251	714	25	who	who	PRON
cblr-14251	714	26	prefer	prefer	VERB
cblr-14251	714	27	to	to	PART
cblr-14251	714	28	purchase	purchase	VERB
cblr-14251	714	29	products	product	NOUN
cblr-14251	714	30	from	from	ADP
cblr-14251	714	31	and	and	CCONJ
cblr-14251	714	32	invest	invest	VERB
cblr-14251	714	33	in	in	ADP
cblr-14251	714	34	companies	company	NOUN
cblr-14251	714	35	with	with	ADP
cblr-14251	714	36	sustainable	sustainable	ADJ
cblr-14251	714	37	corporate	corporate	ADJ
cblr-14251	714	38	missions	mission	NOUN
cblr-14251	714	39	.	.	PUNCT
cblr-14251	715	1	later	later	ADV
cblr-14251	715	2	,	,	PUNCT
cblr-14251	715	3	an	an	DET
cblr-14251	715	4	sec	sec	PROPN
cblr-14251	715	5	filing	filing	NOUN
cblr-14251	715	6	discloses	disclose	VERB
cblr-14251	715	7	that	that	SCONJ
cblr-14251	715	8	the	the	DET
cblr-14251	715	9	jewelry	jewelry	NOUN
cblr-14251	715	10	is	be	AUX
cblr-14251	715	11	not	not	PART
cblr-14251	715	12	made	make	VERB
cblr-14251	715	13	from	from	ADP
cblr-14251	715	14	recycled	recycled	ADJ
cblr-14251	715	15	materials	material	NOUN
cblr-14251	715	16	.	.	PUNCT
cblr-14251	716	1	however	however	ADV
cblr-14251	716	2	,	,	PUNCT
cblr-14251	716	3	the	the	DET
cblr-14251	716	4	jewelry	jewelry	NOUN
cblr-14251	716	5	is	be	AUX
cblr-14251	716	6	made	make	VERB
cblr-14251	716	7	from	from	ADP
cblr-14251	716	8	otherwise	otherwise	ADV
cblr-14251	716	9	eco	eco	NOUN
cblr-14251	716	10	-	-	PUNCT
cblr-14251	716	11	friendly	friendly	ADJ
cblr-14251	716	12	materials	material	NOUN
cblr-14251	716	13	in	in	ADP
cblr-14251	716	14	a	a	DET
cblr-14251	716	15	carbon	carbon	NOUN
cblr-14251	716	16	-	-	PUNCT
cblr-14251	716	17	neutral	neutral	ADJ
cblr-14251	716	18	production	production	NOUN
cblr-14251	716	19	process	process	NOUN
cblr-14251	716	20	—	—	PUNCT
cblr-14251	716	21	just	just	ADV
cblr-14251	716	22	not	not	PART
cblr-14251	716	23	recycled	recycle	VERB
cblr-14251	716	24	172	172	NUM
cblr-14251	716	25	see	see	VERB
cblr-14251	716	26	in	in	ADP
cblr-14251	716	27	re	re	NOUN
cblr-14251	716	28	bed	bed	NOUN
cblr-14251	716	29	bath	bath	NOUN
cblr-14251	716	30	&	&	CCONJ
cblr-14251	716	31	beyond	beyond	ADP
cblr-14251	716	32	,	,	PUNCT
cblr-14251	716	33	2023	2023	NUM
cblr-14251	716	34	wl	wl	NOUN
cblr-14251	716	35	4824734	4824734	NUM
cblr-14251	716	36	,	,	PUNCT
cblr-14251	716	37	at	at	ADP
cblr-14251	716	38	*	*	NOUN
cblr-14251	716	39	1–2	1–2	NUM
cblr-14251	716	40	,	,	PUNCT
cblr-14251	716	41	*	*	PUNCT
cblr-14251	716	42	6–8	6–8	NOUN
cblr-14251	716	43	(	(	PUNCT
cblr-14251	716	44	noting	note	VERB
cblr-14251	716	45	how	how	SCONJ
cblr-14251	716	46	cohen	cohen	PROPN
cblr-14251	716	47	’s	’s	PART
cblr-14251	716	48	actions	action	NOUN
cblr-14251	716	49	increased	increase	VERB
cblr-14251	716	50	the	the	DET
cblr-14251	716	51	stock	stock	NOUN
cblr-14251	716	52	price	price	NOUN
cblr-14251	716	53	just	just	ADV
cblr-14251	716	54	before	before	SCONJ
cblr-14251	716	55	he	he	PRON
cblr-14251	716	56	sold	sell	VERB
cblr-14251	716	57	his	his	PRON
cblr-14251	716	58	stake	stake	NOUN
cblr-14251	716	59	)	)	PUNCT
cblr-14251	716	60	.	.	PUNCT
cblr-14251	717	1	173	173	NUM
cblr-14251	718	1	i	i	PRON
cblr-14251	718	2	d.	d.	PROPN
cblr-14251	718	3	174	174	NUM
cblr-14251	719	1	i	i	PRON
cblr-14251	719	2	d.	d.	PROPN
cblr-14251	719	3	at	at	ADP
cblr-14251	719	4	*	*	PROPN
cblr-14251	719	5	6	6	NUM
cblr-14251	719	6	.	.	NUM
cblr-14251	719	7	175	175	NUM
cblr-14251	720	1	i	i	PROPN
cblr-14251	720	2	d.	d.	PROPN
cblr-14251	720	3	276	276	NUM
cblr-14251	720	4	columbia	columbia	PROPN
cblr-14251	720	5	business	business	NOUN
cblr-14251	720	6	law	law	PROPN
cblr-14251	720	7	review	review	NOUN
cblr-14251	720	8	[	[	X
cblr-14251	720	9	vol	vol	NOUN
cblr-14251	720	10	.	.	PUNCT
cblr-14251	720	11	2025	2025	NUM
cblr-14251	720	12	materials	material	NOUN
cblr-14251	720	13	.	.	PUNCT
cblr-14251	721	1	the	the	DET
cblr-14251	721	2	stock	stock	NOUN
cblr-14251	721	3	price	price	NOUN
cblr-14251	721	4	drops	drop	VERB
cblr-14251	721	5	back	back	ADV
cblr-14251	721	6	to	to	ADP
cblr-14251	721	7	$	$	SYM
cblr-14251	721	8	20	20	NUM
cblr-14251	721	9	per	per	ADP
cblr-14251	721	10	share	share	NOUN
cblr-14251	721	11	,	,	PUNCT
cblr-14251	721	12	and	and	CCONJ
cblr-14251	721	13	investors	investor	NOUN
cblr-14251	721	14	accuse	accuse	VERB
cblr-14251	721	15	nostalgiable	nostalgiable	ADJ
cblr-14251	721	16	of	of	ADP
cblr-14251	721	17	lying	lie	VERB
cblr-14251	721	18	about	about	ADP
cblr-14251	721	19	its	its	PRON
cblr-14251	721	20	jewelry	jewelry	NOUN
cblr-14251	721	21	’s	’s	PART
cblr-14251	721	22	sustainability	sustainability	NOUN
cblr-14251	721	23	—	—	PUNCT
cblr-14251	721	24	due	due	ADP
cblr-14251	721	25	to	to	ADP
cblr-14251	721	26	the	the	DET
cblr-14251	721	27	lack	lack	NOUN
cblr-14251	721	28	of	of	ADP
cblr-14251	721	29	recycled	recycled	ADJ
cblr-14251	721	30	materials	material	NOUN
cblr-14251	721	31	.	.	PUNCT
cblr-14251	722	1	but	but	CCONJ
cblr-14251	722	2	was	be	AUX
cblr-14251	722	3	the	the	DET
cblr-14251	722	4	“	"	PUNCT
cblr-14251	722	5	sustainable	sustainable	ADJ
cblr-14251	722	6	”	"	PUNCT
cblr-14251	722	7	claim	claim	NOUN
cblr-14251	722	8	false	false	ADJ
cblr-14251	722	9	?	?	PUNCT
cblr-14251	723	1	merriam	merriam	PROPN
cblr-14251	723	2	-	-	PUNCT
cblr-14251	723	3	webster	webster	PROPN
cblr-14251	723	4	defines	define	NOUN
cblr-14251	723	5	sustainable	sustainable	ADJ
cblr-14251	723	6	as	as	ADP
cblr-14251	723	7	“	"	PUNCT
cblr-14251	723	8	of	of	ADP
cblr-14251	723	9	,	,	PUNCT
cblr-14251	723	10	relating	relate	VERB
cblr-14251	723	11	to	to	ADP
cblr-14251	723	12	,	,	PUNCT
cblr-14251	723	13	or	or	CCONJ
cblr-14251	723	14	being	be	AUX
cblr-14251	723	15	a	a	DET
cblr-14251	723	16	method	method	NOUN
cblr-14251	723	17	of	of	ADP
cblr-14251	723	18	harvesting	harvesting	NOUN
cblr-14251	723	19	or	or	CCONJ
cblr-14251	723	20	using	use	VERB
cblr-14251	723	21	a	a	DET
cblr-14251	723	22	resource	resource	NOUN
cblr-14251	723	23	so	so	SCONJ
cblr-14251	723	24	that	that	SCONJ
cblr-14251	723	25	the	the	DET
cblr-14251	723	26	resource	resource	NOUN
cblr-14251	723	27	is	be	AUX
cblr-14251	723	28	not	not	PART
cblr-14251	723	29	depleted	deplete	VERB
cblr-14251	723	30	or	or	CCONJ
cblr-14251	723	31	permanently	permanently	ADV
cblr-14251	723	32	damaged	damage	VERB
cblr-14251	723	33	.	.	PUNCT
cblr-14251	724	1	”176	”176	PUNCT
cblr-14251	725	1	“	"	PUNCT
cblr-14251	725	2	sustainable	sustainable	ADJ
cblr-14251	725	3	”	"	PUNCT
cblr-14251	725	4	is	be	AUX
cblr-14251	725	5	not	not	PART
cblr-14251	725	6	synonymous	synonymous	ADJ
cblr-14251	725	7	with	with	ADP
cblr-14251	725	8	“	"	PUNCT
cblr-14251	725	9	recycled	recycle	VERB
cblr-14251	725	10	.	.	PUNCT
cblr-14251	725	11	”177	”177	PROPN
cblr-14251	725	12	does	do	AUX
cblr-14251	725	13	it	it	PRON
cblr-14251	725	14	matter	matter	VERB
cblr-14251	725	15	that	that	SCONJ
cblr-14251	725	16	a	a	DET
cblr-14251	725	17	large	large	ADJ
cblr-14251	725	18	portion	portion	NOUN
cblr-14251	725	19	of	of	ADP
cblr-14251	725	20	investors	investor	NOUN
cblr-14251	725	21	believed	believe	VERB
cblr-14251	725	22	that	that	SCONJ
cblr-14251	725	23	“	"	PUNCT
cblr-14251	725	24	sustainable	sustainable	ADJ
cblr-14251	725	25	”	"	PUNCT
cblr-14251	725	26	indicated	indicate	VERB
cblr-14251	725	27	recycled	recycled	ADJ
cblr-14251	725	28	materials	material	NOUN
cblr-14251	725	29	?	?	PUNCT
cblr-14251	726	1	the	the	DET
cblr-14251	726	2	falsity	falsity	NOUN
cblr-14251	726	3	inquiry	inquiry	NOUN
cblr-14251	726	4	is	be	AUX
cblr-14251	726	5	not	not	PART
cblr-14251	726	6	so	so	ADV
cblr-14251	726	7	simple	simple	ADJ
cblr-14251	726	8	.	.	PUNCT
cblr-14251	727	1	it	it	PRON
cblr-14251	727	2	is	be	AUX
cblr-14251	727	3	also	also	ADV
cblr-14251	727	4	intertwined	intertwine	VERB
cblr-14251	727	5	with	with	ADP
cblr-14251	727	6	the	the	DET
cblr-14251	727	7	materiality	materiality	NOUN
cblr-14251	727	8	inquiry	inquiry	NOUN
cblr-14251	727	9	,	,	PUNCT
cblr-14251	727	10	discussed	discuss	VERB
cblr-14251	727	11	next	next	ADV
cblr-14251	727	12	.	.	PUNCT
cblr-14251	728	1	c.	c.	NOUN
cblr-14251	728	2	materiality	materiality	NOUN
cblr-14251	728	3	materiality	materiality	NOUN
cblr-14251	728	4	creates	create	VERB
cblr-14251	728	5	some	some	PRON
cblr-14251	728	6	of	of	ADP
cblr-14251	728	7	the	the	DET
cblr-14251	728	8	most	most	ADV
cblr-14251	728	9	complex	complex	ADJ
cblr-14251	728	10	issues	issue	NOUN
cblr-14251	728	11	when	when	SCONJ
cblr-14251	728	12	considering	consider	VERB
cblr-14251	728	13	demand	demand	NOUN
cblr-14251	728	14	-	-	PUNCT
cblr-14251	728	15	driven	drive	VERB
cblr-14251	728	16	factors	factor	NOUN
cblr-14251	728	17	.	.	PUNCT
cblr-14251	729	1	in	in	ADP
cblr-14251	729	2	a	a	DET
cblr-14251	729	3	market	market	NOUN
cblr-14251	729	4	for	for	ADP
cblr-14251	729	5	individual	individual	ADJ
cblr-14251	729	6	stocks	stock	NOUN
cblr-14251	729	7	,	,	PUNCT
cblr-14251	729	8	the	the	DET
cblr-14251	729	9	universe	universe	NOUN
cblr-14251	729	10	of	of	ADP
cblr-14251	729	11	potentially	potentially	ADV
cblr-14251	729	12	material	material	ADJ
cblr-14251	729	13	information	information	NOUN
cblr-14251	729	14	is	be	AUX
cblr-14251	729	15	vastly	vastly	ADV
cblr-14251	729	16	expanded	expand	VERB
cblr-14251	729	17	.	.	PUNCT
cblr-14251	730	1	an	an	DET
cblr-14251	730	2	actionable	actionable	ADJ
cblr-14251	730	3	statement	statement	NOUN
cblr-14251	730	4	is	be	AUX
cblr-14251	730	5	one	one	NUM
cblr-14251	730	6	that	that	PRON
cblr-14251	730	7	contains	contain	VERB
cblr-14251	730	8	a	a	DET
cblr-14251	730	9	“	"	PUNCT
cblr-14251	730	10	material	material	ADJ
cblr-14251	730	11	fact	fact	NOUN
cblr-14251	730	12	”	"	PUNCT
cblr-14251	730	13	or	or	CCONJ
cblr-14251	730	14	omits	omit	VERB
cblr-14251	730	15	a	a	DET
cblr-14251	730	16	“	"	PUNCT
cblr-14251	730	17	material	material	ADJ
cblr-14251	730	18	fact	fact	NOUN
cblr-14251	730	19	”	"	PUNCT
cblr-14251	730	20	necessary	necessary	ADJ
cblr-14251	730	21	to	to	PART
cblr-14251	730	22	make	make	VERB
cblr-14251	730	23	statements	statement	NOUN
cblr-14251	730	24	not	not	PART
cblr-14251	730	25	misleading.178	misleading.178	ADV
cblr-14251	730	26	the	the	DET
cblr-14251	730	27	widely	widely	ADV
cblr-14251	730	28	accepted	accept	VERB
cblr-14251	730	29	test	test	NOUN
cblr-14251	730	30	for	for	ADP
cblr-14251	730	31	materiality	materiality	NOUN
cblr-14251	730	32	depends	depend	VERB
cblr-14251	730	33	on	on	ADP
cblr-14251	730	34	whether	whether	SCONJ
cblr-14251	730	35	there	there	PRON
cblr-14251	730	36	is	be	VERB
cblr-14251	730	37	“	"	PUNCT
cblr-14251	730	38	a	a	DET
cblr-14251	730	39	substantial	substantial	ADJ
cblr-14251	730	40	likelihood	likelihood	NOUN
cblr-14251	730	41	that	that	SCONJ
cblr-14251	730	42	the	the	DET
cblr-14251	730	43	disclosure	disclosure	NOUN
cblr-14251	730	44	of	of	ADP
cblr-14251	730	45	the	the	DET
cblr-14251	730	46	omitted	omit	VERB
cblr-14251	730	47	fact	fact	NOUN
cblr-14251	730	48	would	would	AUX
cblr-14251	730	49	have	have	AUX
cblr-14251	730	50	been	be	AUX
cblr-14251	730	51	viewed	view	VERB
cblr-14251	730	52	by	by	ADP
cblr-14251	730	53	the	the	DET
cblr-14251	730	54	reasonable	reasonable	ADJ
cblr-14251	730	55	investor	investor	NOUN
cblr-14251	730	56	as	as	ADP
cblr-14251	730	57	having	having	AUX
cblr-14251	730	58	significantly	significantly	ADV
cblr-14251	730	59	altered	alter	VERB
cblr-14251	730	60	the	the	DET
cblr-14251	730	61	‘	'	PUNCT
cblr-14251	730	62	total	total	ADJ
cblr-14251	730	63	mix	mix	NOUN
cblr-14251	730	64	’	'	PUNCT
cblr-14251	730	65	of	of	ADP
cblr-14251	730	66	information	information	NOUN
cblr-14251	730	67	made	make	VERB
cblr-14251	730	68	available	available	ADJ
cblr-14251	730	69	.	.	PUNCT
cblr-14251	730	70	”179	”179	VERB
cblr-14251	731	1	this	this	DET
cblr-14251	731	2	test	test	NOUN
cblr-14251	731	3	purports	purport	VERB
cblr-14251	731	4	to	to	PART
cblr-14251	731	5	be	be	AUX
cblr-14251	731	6	an	an	DET
cblr-14251	731	7	objective	objective	ADJ
cblr-14251	731	8	inquiry	inquiry	NOUN
cblr-14251	731	9	that	that	PRON
cblr-14251	731	10	is	be	AUX
cblr-14251	731	11	also	also	ADV
cblr-14251	731	12	context	context	NOUN
cblr-14251	731	13	-	-	PUNCT
cblr-14251	731	14	dependent	dependent	ADJ
cblr-14251	731	15	and	and	CCONJ
cblr-14251	731	16	fact	fact	NOUN
cblr-14251	731	17	176	176	NUM
cblr-14251	731	18	sustainable	sustainable	ADJ
cblr-14251	731	19	,	,	PUNCT
cblr-14251	731	20	merriam	merriam	PROPN
cblr-14251	731	21	-	-	PUNCT
cblr-14251	731	22	webster	webster	PROPN
cblr-14251	731	23	(	(	PUNCT
cblr-14251	731	24	last	last	ADV
cblr-14251	731	25	visited	visit	VERB
cblr-14251	731	26	mar	mar	PROPN
cblr-14251	731	27	.	.	PROPN
cblr-14251	731	28	5	5	NUM
cblr-14251	731	29	,	,	PUNCT
cblr-14251	731	30	2025	2025	NUM
cblr-14251	731	31	)	)	PUNCT
cblr-14251	731	32	,	,	PUNCT
cblr-14251	732	1	https://www.merriam-webster.com/dictionary/sustainable	https://www.merriam-webster.com/dictionary/sustainable	ADJ
cblr-14251	732	2	[	[	X
cblr-14251	732	3	https://perma.cc/bjt86gfb	https://perma.cc/bjt86gfb	X
cblr-14251	732	4	]	]	PUNCT
cblr-14251	732	5	.	.	PUNCT
cblr-14251	732	6	177	177	NUM
cblr-14251	732	7	recycle	recycle	NOUN
cblr-14251	732	8	,	,	PUNCT
cblr-14251	732	9	merriam	merriam	PROPN
cblr-14251	732	10	-	-	PUNCT
cblr-14251	732	11	webster	webster	PROPN
cblr-14251	732	12	(	(	PUNCT
cblr-14251	732	13	last	last	ADV
cblr-14251	732	14	visited	visit	VERB
cblr-14251	732	15	mar	mar	PROPN
cblr-14251	732	16	.	.	PROPN
cblr-14251	732	17	5	5	NUM
cblr-14251	732	18	,	,	PUNCT
cblr-14251	732	19	2025	2025	NUM
cblr-14251	732	20	)	)	PUNCT
cblr-14251	732	21	,	,	PUNCT
cblr-14251	732	22	https://www.merriamwebster.com/dictionary/recycle	https://www.merriamwebster.com/dictionary/recycle	NOUN
cblr-14251	732	23	[	[	X
cblr-14251	732	24	https://perma.cc/4wue-k56h	https://perma.cc/4wue-k56h	X
cblr-14251	732	25	]	]	X
cblr-14251	732	26	.	.	PUNCT
cblr-14251	732	27	178	178	NUM
cblr-14251	732	28	employment	employment	NOUN
cblr-14251	732	29	of	of	ADP
cblr-14251	732	30	manipulative	manipulative	ADJ
cblr-14251	732	31	and	and	CCONJ
cblr-14251	732	32	deceptive	deceptive	ADJ
cblr-14251	732	33	devices	device	NOUN
cblr-14251	732	34	,	,	PUNCT
cblr-14251	732	35	17	17	NUM
cblr-14251	732	36	c.f.r	c.f.r	NOUN
cblr-14251	732	37	.	.	PUNCT
cblr-14251	733	1	§	§	PROPN
cblr-14251	733	2	240.10b-5(b	240.10b-5(b	NUM
cblr-14251	733	3	)	)	PUNCT
cblr-14251	733	4	.	.	PUNCT
cblr-14251	734	1	179	179	NUM
cblr-14251	734	2	tsc	tsc	PROPN
cblr-14251	734	3	indus	indus	PROPN
cblr-14251	734	4	.	.	PROPN
cblr-14251	734	5	,	,	PUNCT
cblr-14251	734	6	inc	inc	PROPN
cblr-14251	734	7	.	.	PROPN
cblr-14251	735	1	v.	v.	PROPN
cblr-14251	735	2	northway	northway	PROPN
cblr-14251	735	3	,	,	PUNCT
cblr-14251	735	4	inc	inc	PROPN
cblr-14251	735	5	.	.	PROPN
cblr-14251	735	6	,	,	PUNCT
cblr-14251	735	7	426	426	NUM
cblr-14251	735	8	u.s	u.s	PROPN
cblr-14251	735	9	.	.	PROPN
cblr-14251	735	10	438	438	NUM
cblr-14251	735	11	,	,	PUNCT
cblr-14251	735	12	449	449	NUM
cblr-14251	735	13	(	(	PUNCT
cblr-14251	735	14	1976	1976	NUM
cblr-14251	735	15	)	)	PUNCT
cblr-14251	735	16	.	.	PUNCT
cblr-14251	736	1	no	no	INTJ
cblr-14251	736	2	.	.	NOUN
cblr-14251	736	3	1	1	NUM
cblr-14251	736	4	]	]	PUNCT
cblr-14251	736	5	securities	security	NOUN
cblr-14251	736	6	fraud	fraud	NOUN
cblr-14251	736	7	and	and	CCONJ
cblr-14251	736	8	the	the	DET
cblr-14251	736	9	market	market	NOUN
cblr-14251	736	10	for	for	ADP
cblr-14251	736	11	individual	individual	ADJ
cblr-14251	736	12	stocks	stock	NOUN
cblr-14251	736	13	277	277	NUM
cblr-14251	736	14	specific.180	specific.180	NOUN
cblr-14251	736	15	in	in	ADP
cblr-14251	736	16	determining	determine	VERB
cblr-14251	736	17	whether	whether	SCONJ
cblr-14251	736	18	a	a	DET
cblr-14251	736	19	statement	statement	NOUN
cblr-14251	736	20	is	be	AUX
cblr-14251	736	21	material,181	material,181	NOUN
cblr-14251	736	22	courts	court	NOUN
cblr-14251	736	23	consider	consider	VERB
cblr-14251	736	24	a	a	DET
cblr-14251	736	25	variety	variety	NOUN
cblr-14251	736	26	of	of	ADP
cblr-14251	736	27	factors	factor	NOUN
cblr-14251	736	28	,	,	PUNCT
cblr-14251	736	29	including	include	VERB
cblr-14251	736	30	whether	whether	SCONJ
cblr-14251	736	31	a	a	DET
cblr-14251	736	32	statement	statement	NOUN
cblr-14251	736	33	led	lead	VERB
cblr-14251	736	34	to	to	ADP
cblr-14251	736	35	a	a	DET
cblr-14251	736	36	significant	significant	ADJ
cblr-14251	736	37	price	price	NOUN
cblr-14251	736	38	change	change	NOUN
cblr-14251	736	39	,	,	PUNCT
cblr-14251	736	40	whether	whether	SCONJ
cblr-14251	736	41	the	the	DET
cblr-14251	736	42	statement	statement	NOUN
cblr-14251	736	43	implicates	implicate	VERB
cblr-14251	736	44	some	some	DET
cblr-14251	736	45	“	"	PUNCT
cblr-14251	736	46	significant	significant	ADJ
cblr-14251	736	47	”	"	PUNCT
cblr-14251	736	48	aspect	aspect	NOUN
cblr-14251	736	49	of	of	ADP
cblr-14251	736	50	the	the	DET
cblr-14251	736	51	business	business	NOUN
cblr-14251	736	52	,	,	PUNCT
cblr-14251	736	53	whether	whether	SCONJ
cblr-14251	736	54	the	the	DET
cblr-14251	736	55	statement	statement	NOUN
cblr-14251	736	56	constitutes	constitute	VERB
cblr-14251	736	57	puffery	puffery	NOUN
cblr-14251	736	58	or	or	CCONJ
cblr-14251	736	59	was	be	AUX
cblr-14251	736	60	accompanied	accompany	VERB
cblr-14251	736	61	by	by	ADP
cblr-14251	736	62	cautionary	cautionary	ADJ
cblr-14251	736	63	language	language	NOUN
cblr-14251	736	64	,	,	PUNCT
cblr-14251	736	65	and	and	CCONJ
cblr-14251	736	66	what	what	DET
cblr-14251	736	67	other	other	ADJ
cblr-14251	736	68	publicly	publicly	ADV
cblr-14251	736	69	available	available	ADJ
cblr-14251	736	70	facts	fact	NOUN
cblr-14251	736	71	existed	exist	VERB
cblr-14251	736	72	at	at	ADP
cblr-14251	736	73	the	the	DET
cblr-14251	736	74	time.182	time.182	NOUN
cblr-14251	736	75	implicit	implicit	NOUN
cblr-14251	736	76	in	in	ADP
cblr-14251	736	77	the	the	DET
cblr-14251	736	78	materiality	materiality	NOUN
cblr-14251	736	79	doctrine	doctrine	NOUN
cblr-14251	736	80	is	be	AUX
cblr-14251	736	81	an	an	DET
cblr-14251	736	82	assumption	assumption	NOUN
cblr-14251	736	83	that	that	SCONJ
cblr-14251	736	84	stock	stock	NOUN
cblr-14251	736	85	prices	price	NOUN
cblr-14251	736	86	and	and	CCONJ
cblr-14251	736	87	markets	market	NOUN
cblr-14251	736	88	behave	behave	VERB
cblr-14251	736	89	relatively	relatively	ADV
cblr-14251	736	90	rationally.183	rationally.183	PROPN
cblr-14251	736	91	this	this	PRON
cblr-14251	736	92	is	be	AUX
cblr-14251	736	93	especially	especially	ADV
cblr-14251	736	94	true	true	ADJ
cblr-14251	736	95	when	when	SCONJ
cblr-14251	736	96	courts	court	NOUN
cblr-14251	736	97	rely	rely	VERB
cblr-14251	736	98	on	on	ADP
cblr-14251	736	99	factors	factor	NOUN
cblr-14251	736	100	such	such	ADJ
cblr-14251	736	101	as	as	ADP
cblr-14251	736	102	price	price	NOUN
cblr-14251	736	103	impact	impact	NOUN
cblr-14251	736	104	to	to	PART
cblr-14251	736	105	determine	determine	VERB
cblr-14251	736	106	the	the	DET
cblr-14251	736	107	materiality	materiality	NOUN
cblr-14251	736	108	of	of	ADP
cblr-14251	736	109	a	a	DET
cblr-14251	736	110	statement	statement	NOUN
cblr-14251	736	111	or	or	CCONJ
cblr-14251	736	112	omission	omission	NOUN
cblr-14251	736	113	.	.	PUNCT
cblr-14251	737	1	that	that	PRON
cblr-14251	737	2	is	be	AUX
cblr-14251	737	3	,	,	PUNCT
cblr-14251	737	4	if	if	SCONJ
cblr-14251	737	5	there	there	PRON
cblr-14251	737	6	is	be	VERB
cblr-14251	737	7	no	no	DET
cblr-14251	737	8	price	price	NOUN
cblr-14251	737	9	change	change	NOUN
cblr-14251	737	10	,	,	PUNCT
cblr-14251	737	11	courts	court	NOUN
cblr-14251	737	12	may	may	AUX
cblr-14251	737	13	180	180	NUM
cblr-14251	737	14	i	i	PROPN
cblr-14251	737	15	d.	d.	PROPN
cblr-14251	737	16	at	at	ADP
cblr-14251	737	17	445	445	NUM
cblr-14251	737	18	(	(	PUNCT
cblr-14251	737	19	“	"	PUNCT
cblr-14251	737	20	the	the	DET
cblr-14251	737	21	question	question	NOUN
cblr-14251	737	22	of	of	ADP
cblr-14251	737	23	materiality	materiality	NOUN
cblr-14251	737	24	,	,	PUNCT
cblr-14251	737	25	it	it	PRON
cblr-14251	737	26	is	be	AUX
cblr-14251	737	27	universally	universally	ADV
cblr-14251	737	28	agreed	agree	VERB
cblr-14251	737	29	,	,	PUNCT
cblr-14251	737	30	is	be	AUX
cblr-14251	737	31	an	an	DET
cblr-14251	737	32	objective	objective	ADJ
cblr-14251	737	33	one	one	NOUN
cblr-14251	737	34	,	,	PUNCT
cblr-14251	737	35	involving	involve	VERB
cblr-14251	737	36	the	the	DET
cblr-14251	737	37	significance	significance	NOUN
cblr-14251	737	38	of	of	ADP
cblr-14251	737	39	an	an	DET
cblr-14251	737	40	omitted	omit	VERB
cblr-14251	737	41	or	or	CCONJ
cblr-14251	737	42	misrepresented	misrepresent	VERB
cblr-14251	737	43	fact	fact	NOUN
cblr-14251	737	44	to	to	ADP
cblr-14251	737	45	a	a	DET
cblr-14251	737	46	reasonable	reasonable	ADJ
cblr-14251	737	47	investor	investor	NOUN
cblr-14251	737	48	.	.	PUNCT
cblr-14251	737	49	”	"	PUNCT
cblr-14251	737	50	)	)	PUNCT
cblr-14251	737	51	.	.	PUNCT
cblr-14251	738	1	the	the	DET
cblr-14251	738	2	supreme	supreme	PROPN
cblr-14251	738	3	court	court	PROPN
cblr-14251	738	4	has	have	AUX
cblr-14251	738	5	highlighted	highlight	VERB
cblr-14251	738	6	the	the	DET
cblr-14251	738	7	fact	fact	NOUN
cblr-14251	738	8	-	-	PUNCT
cblr-14251	738	9	specific	specific	ADJ
cblr-14251	738	10	nature	nature	NOUN
cblr-14251	738	11	of	of	ADP
cblr-14251	738	12	the	the	DET
cblr-14251	738	13	inquiry	inquiry	NOUN
cblr-14251	738	14	,	,	PUNCT
cblr-14251	738	15	noting	note	VERB
cblr-14251	738	16	the	the	DET
cblr-14251	738	17	need	need	NOUN
cblr-14251	738	18	to	to	PART
cblr-14251	738	19	consider	consider	VERB
cblr-14251	738	20	the	the	DET
cblr-14251	738	21	“	"	PUNCT
cblr-14251	738	22	full	full	ADJ
cblr-14251	738	23	context	context	NOUN
cblr-14251	738	24	”	"	PUNCT
cblr-14251	738	25	and	and	CCONJ
cblr-14251	738	26	factors	factor	NOUN
cblr-14251	738	27	such	such	ADJ
cblr-14251	738	28	as	as	ADP
cblr-14251	738	29	“	"	PUNCT
cblr-14251	738	30	customs	custom	NOUN
cblr-14251	738	31	and	and	CCONJ
cblr-14251	738	32	practices	practice	NOUN
cblr-14251	738	33	of	of	ADP
cblr-14251	738	34	the	the	DET
cblr-14251	738	35	relevant	relevant	ADJ
cblr-14251	738	36	industry	industry	NOUN
cblr-14251	738	37	.	.	PUNCT
cblr-14251	738	38	.	.	PUNCT
cblr-14251	738	39	.	.	PUNCT
cblr-14251	739	1	surrounding	surround	VERB
cblr-14251	739	2	text	text	NOUN
cblr-14251	739	3	,	,	PUNCT
cblr-14251	739	4	including	include	VERB
cblr-14251	739	5	hedges	hedge	NOUN
cblr-14251	739	6	,	,	PUNCT
cblr-14251	739	7	disclaimers	disclaimer	NOUN
cblr-14251	739	8	,	,	PUNCT
cblr-14251	739	9	and	and	CCONJ
cblr-14251	739	10	apparently	apparently	ADV
cblr-14251	739	11	conflicting	conflicting	ADJ
cblr-14251	739	12	information	information	NOUN
cblr-14251	739	13	.	.	PUNCT
cblr-14251	739	14	”	"	PUNCT
cblr-14251	740	1	omnicare	omnicare	PROPN
cblr-14251	740	2	,	,	PUNCT
cblr-14251	740	3	inc	inc	PROPN
cblr-14251	740	4	.	.	PROPN
cblr-14251	740	5	,	,	PUNCT
cblr-14251	740	6	v.	v.	ADP
cblr-14251	740	7	laborers	laborer	NOUN
cblr-14251	740	8	dist	dist	NOUN
cblr-14251	740	9	.	.	PUNCT
cblr-14251	741	1	council	council	PROPN
cblr-14251	741	2	constr	constr	PROPN
cblr-14251	741	3	.	.	PUNCT
cblr-14251	742	1	indus	indus	PROPN
cblr-14251	742	2	.	.	PUNCT
cblr-14251	743	1	pension	pension	NOUN
cblr-14251	743	2	fund	fund	PROPN
cblr-14251	743	3	,	,	PUNCT
cblr-14251	743	4	575	575	NUM
cblr-14251	743	5	u.s	u.s	PROPN
cblr-14251	743	6	.	.	PROPN
cblr-14251	743	7	175	175	NUM
cblr-14251	743	8	,	,	PUNCT
cblr-14251	743	9	190	190	NUM
cblr-14251	743	10	(	(	PUNCT
cblr-14251	743	11	2015	2015	NUM
cblr-14251	743	12	)	)	PUNCT
cblr-14251	743	13	.	.	PUNCT
cblr-14251	744	1	the	the	DET
cblr-14251	744	2	court	court	NOUN
cblr-14251	744	3	has	have	AUX
cblr-14251	744	4	also	also	ADV
cblr-14251	744	5	explained	explain	VERB
cblr-14251	744	6	that	that	SCONJ
cblr-14251	744	7	“	"	PUNCT
cblr-14251	744	8	[	[	X
cblr-14251	744	9	t]he	t]he	ADJ
cblr-14251	744	10	determination	determination	NOUN
cblr-14251	744	11	requires	require	VERB
cblr-14251	744	12	delicate	delicate	ADJ
cblr-14251	744	13	assessments	assessment	NOUN
cblr-14251	744	14	of	of	ADP
cblr-14251	744	15	the	the	DET
cblr-14251	744	16	inferences	inference	NOUN
cblr-14251	744	17	a	a	DET
cblr-14251	744	18	‘	'	PUNCT
cblr-14251	744	19	reasonable	reasonable	ADJ
cblr-14251	744	20	shareholder	shareholder	NOUN
cblr-14251	744	21	’	'	PUNCT
cblr-14251	744	22	would	would	AUX
cblr-14251	744	23	draw	draw	VERB
cblr-14251	744	24	from	from	ADP
cblr-14251	744	25	a	a	DET
cblr-14251	744	26	given	give	VERB
cblr-14251	744	27	set	set	NOUN
cblr-14251	744	28	of	of	ADP
cblr-14251	744	29	facts	fact	NOUN
cblr-14251	744	30	and	and	CCONJ
cblr-14251	744	31	the	the	DET
cblr-14251	744	32	significance	significance	NOUN
cblr-14251	744	33	of	of	ADP
cblr-14251	744	34	those	those	DET
cblr-14251	744	35	inferences	inference	NOUN
cblr-14251	744	36	to	to	ADP
cblr-14251	744	37	him	he	PRON
cblr-14251	744	38	.	.	PUNCT
cblr-14251	744	39	”	"	PUNCT
cblr-14251	745	1	tsc	tsc	PROPN
cblr-14251	745	2	indus	indus	PROPN
cblr-14251	745	3	.	.	PUNCT
cblr-14251	745	4	,	,	PUNCT
cblr-14251	745	5	426	426	NUM
cblr-14251	745	6	u.s	u.s	PROPN
cblr-14251	745	7	.	.	PROPN
cblr-14251	745	8	at	at	ADP
cblr-14251	745	9	450	450	NUM
cblr-14251	745	10	.	.	PUNCT
cblr-14251	746	1	181	181	NUM
cblr-14251	746	2	adjudications	adjudication	NOUN
cblr-14251	746	3	of	of	ADP
cblr-14251	746	4	materiality	materiality	NOUN
cblr-14251	746	5	are	be	AUX
cblr-14251	746	6	notoriously	notoriously	ADV
cblr-14251	746	7	inconsistent	inconsistent	ADJ
cblr-14251	746	8	.	.	PUNCT
cblr-14251	747	1	see	see	VERB
cblr-14251	747	2	lipton	lipton	PROPN
cblr-14251	747	3	,	,	PUNCT
cblr-14251	747	4	supra	supra	PROPN
cblr-14251	747	5	note	note	PROPN
cblr-14251	747	6	160	160	NUM
cblr-14251	747	7	,	,	PUNCT
cblr-14251	747	8	at	at	ADP
cblr-14251	747	9	748	748	NUM
cblr-14251	747	10	(	(	PUNCT
cblr-14251	747	11	“	"	PUNCT
cblr-14251	747	12	[	[	PUNCT
cblr-14251	747	13	c]ourts	c]ourt	NOUN
cblr-14251	747	14	often	often	ADV
cblr-14251	747	15	declare	declare	VERB
cblr-14251	747	16	that	that	SCONJ
cblr-14251	747	17	some	some	DET
cblr-14251	747	18	matters	matter	NOUN
cblr-14251	747	19	are	be	AUX
cblr-14251	747	20	too	too	ADV
cblr-14251	747	21	inconsequential	inconsequential	ADJ
cblr-14251	747	22	to	to	ADP
cblr-14251	747	23	concern	concern	VERB
cblr-14251	747	24	reasonable	reasonable	ADJ
cblr-14251	747	25	investors	investor	NOUN
cblr-14251	747	26	.	.	PUNCT
cblr-14251	748	1	as	as	ADP
cblr-14251	748	2	with	with	ADP
cblr-14251	748	3	puffery	puffery	NOUN
cblr-14251	748	4	,	,	PUNCT
cblr-14251	748	5	these	these	DET
cblr-14251	748	6	judgments	judgment	NOUN
cblr-14251	748	7	may	may	AUX
cblr-14251	748	8	be	be	AUX
cblr-14251	748	9	made	make	VERB
cblr-14251	748	10	despite	despite	SCONJ
cblr-14251	748	11	explicit	explicit	ADJ
cblr-14251	748	12	market	market	NOUN
cblr-14251	748	13	evidence	evidence	NOUN
cblr-14251	748	14	to	to	ADP
cblr-14251	748	15	the	the	DET
cblr-14251	748	16	contrary	contrary	NOUN
cblr-14251	748	17	,	,	PUNCT
cblr-14251	748	18	and	and	CCONJ
cblr-14251	748	19	more	more	ADV
cblr-14251	748	20	generally	generally	ADV
cblr-14251	748	21	,	,	PUNCT
cblr-14251	748	22	are	be	AUX
cblr-14251	748	23	difficult	difficult	ADJ
cblr-14251	748	24	to	to	PART
cblr-14251	748	25	reconcile	reconcile	VERB
cblr-14251	748	26	with	with	ADP
cblr-14251	748	27	findings	finding	NOUN
cblr-14251	748	28	that	that	SCONJ
cblr-14251	748	29	such	such	ADJ
cblr-14251	748	30	banal	banal	ADJ
cblr-14251	748	31	matters	matter	NOUN
cblr-14251	748	32	as	as	ADP
cblr-14251	748	33	a	a	DET
cblr-14251	748	34	cfo	cfo	NOUN
cblr-14251	748	35	’s	’s	PART
cblr-14251	748	36	golfing	golfing	NOUN
cblr-14251	748	37	habits	habit	NOUN
cblr-14251	748	38	or	or	CCONJ
cblr-14251	748	39	a	a	DET
cblr-14251	748	40	ceo	ceo	NOUN
cblr-14251	748	41	’s	’s	PART
cblr-14251	748	42	use	use	NOUN
cblr-14251	748	43	of	of	ADP
cblr-14251	748	44	the	the	DET
cblr-14251	748	45	company	company	NOUN
cblr-14251	748	46	jet	jet	NOUN
cblr-14251	748	47	are	be	AUX
cblr-14251	748	48	relevant	relevant	ADJ
cblr-14251	748	49	to	to	ADP
cblr-14251	748	50	assessing	assess	VERB
cblr-14251	748	51	a	a	DET
cblr-14251	748	52	corporation	corporation	NOUN
cblr-14251	748	53	’s	’s	PART
cblr-14251	748	54	financial	financial	ADJ
cblr-14251	748	55	condition	condition	NOUN
cblr-14251	748	56	.	.	PUNCT
cblr-14251	748	57	”	"	PUNCT
cblr-14251	748	58	)	)	PUNCT
cblr-14251	748	59	.	.	PUNCT
cblr-14251	749	1	182	182	NUM
cblr-14251	749	2	see	see	VERB
cblr-14251	749	3	hurt	hurt	NOUN
cblr-14251	749	4	,	,	PUNCT
cblr-14251	749	5	supra	supra	PROPN
cblr-14251	749	6	note	note	NOUN
cblr-14251	749	7	125	125	NUM
cblr-14251	749	8	,	,	PUNCT
cblr-14251	749	9	at	at	ADP
cblr-14251	749	10	798–800	798–800	NUM
cblr-14251	749	11	(	(	PUNCT
cblr-14251	749	12	describing	describe	VERB
cblr-14251	749	13	factors	factor	NOUN
cblr-14251	749	14	that	that	PRON
cblr-14251	749	15	courts	court	NOUN
cblr-14251	749	16	use	use	VERB
cblr-14251	749	17	in	in	ADP
cblr-14251	749	18	considering	consider	VERB
cblr-14251	749	19	materiality	materiality	NOUN
cblr-14251	749	20	and	and	CCONJ
cblr-14251	749	21	gathering	gather	VERB
cblr-14251	749	22	sources	source	NOUN
cblr-14251	749	23	)	)	PUNCT
cblr-14251	749	24	;	;	PUNCT
cblr-14251	749	25	hoffman	hoffman	NOUN
cblr-14251	749	26	,	,	PUNCT
cblr-14251	749	27	supra	supra	PROPN
cblr-14251	749	28	note	note	NOUN
cblr-14251	749	29	120	120	NUM
cblr-14251	749	30	,	,	PUNCT
cblr-14251	749	31	at	at	ADP
cblr-14251	749	32	573–81	573–81	NUM
cblr-14251	749	33	.	.	PUNCT
cblr-14251	750	1	the	the	DET
cblr-14251	750	2	sec	sec	PROPN
cblr-14251	750	3	has	have	AUX
cblr-14251	750	4	also	also	ADV
cblr-14251	750	5	provided	provide	VERB
cblr-14251	750	6	factors	factor	NOUN
cblr-14251	750	7	to	to	PART
cblr-14251	750	8	consider	consider	VERB
cblr-14251	750	9	,	,	PUNCT
cblr-14251	750	10	including	include	VERB
cblr-14251	750	11	whether	whether	SCONJ
cblr-14251	750	12	the	the	DET
cblr-14251	750	13	misstatement	misstatement	NOUN
cblr-14251	750	14	hides	hide	VERB
cblr-14251	750	15	trends	trend	NOUN
cblr-14251	750	16	or	or	CCONJ
cblr-14251	750	17	earnings	earning	NOUN
cblr-14251	750	18	shifts	shift	NOUN
cblr-14251	750	19	,	,	PUNCT
cblr-14251	750	20	whether	whether	SCONJ
cblr-14251	750	21	the	the	DET
cblr-14251	750	22	misstatement	misstatement	NOUN
cblr-14251	750	23	departs	depart	VERB
cblr-14251	750	24	from	from	ADP
cblr-14251	750	25	analyst	analyst	NOUN
cblr-14251	750	26	expectations	expectation	NOUN
cblr-14251	750	27	,	,	PUNCT
cblr-14251	750	28	whether	whether	SCONJ
cblr-14251	750	29	the	the	DET
cblr-14251	750	30	misstatement	misstatement	NOUN
cblr-14251	750	31	involves	involve	VERB
cblr-14251	750	32	a	a	DET
cblr-14251	750	33	significant	significant	ADJ
cblr-14251	750	34	part	part	NOUN
cblr-14251	750	35	of	of	ADP
cblr-14251	750	36	the	the	DET
cblr-14251	750	37	issuer	issuer	NOUN
cblr-14251	750	38	’s	’s	PART
cblr-14251	750	39	operations	operation	NOUN
cblr-14251	750	40	,	,	PUNCT
cblr-14251	750	41	and	and	CCONJ
cblr-14251	750	42	whether	whether	SCONJ
cblr-14251	750	43	there	there	PRON
cblr-14251	750	44	is	be	VERB
cblr-14251	750	45	an	an	DET
cblr-14251	750	46	effect	effect	NOUN
cblr-14251	750	47	on	on	ADP
cblr-14251	750	48	management	management	NOUN
cblr-14251	750	49	compensation	compensation	NOUN
cblr-14251	750	50	.	.	PUNCT
cblr-14251	751	1	see	see	VERB
cblr-14251	751	2	sec	sec	PROPN
cblr-14251	751	3	staff	staff	NOUN
cblr-14251	751	4	accounting	accounting	NOUN
cblr-14251	751	5	bulletin	bulletin	NOUN
cblr-14251	751	6	no	no	INTJ
cblr-14251	751	7	.	.	PROPN
cblr-14251	751	8	99	99	NUM
cblr-14251	751	9	,	,	PUNCT
cblr-14251	751	10	64	64	NUM
cblr-14251	751	11	fed	feed	VERB
cblr-14251	751	12	.	.	PUNCT
cblr-14251	752	1	reg	reg	PROPN
cblr-14251	752	2	.	.	PUNCT
cblr-14251	753	1	45150	45150	NUM
cblr-14251	753	2	(	(	PUNCT
cblr-14251	753	3	aug	aug	PROPN
cblr-14251	753	4	.	.	PROPN
cblr-14251	753	5	19	19	NUM
cblr-14251	753	6	,	,	PUNCT
cblr-14251	753	7	1999	1999	NUM
cblr-14251	753	8	)	)	PUNCT
cblr-14251	753	9	.	.	PUNCT
cblr-14251	754	1	183	183	NUM
cblr-14251	754	2	this	this	PRON
cblr-14251	754	3	has	have	AUX
cblr-14251	754	4	been	be	AUX
cblr-14251	754	5	criticized	criticize	VERB
cblr-14251	754	6	elsewhere	elsewhere	ADV
cblr-14251	754	7	.	.	PUNCT
cblr-14251	755	1	see	see	VERB
cblr-14251	755	2	lipton	lipton	PROPN
cblr-14251	755	3	,	,	PUNCT
cblr-14251	755	4	supra	supra	PROPN
cblr-14251	755	5	note	note	PROPN
cblr-14251	755	6	160	160	NUM
cblr-14251	755	7	,	,	PUNCT
cblr-14251	755	8	at	at	ADP
cblr-14251	755	9	746	746	NUM
cblr-14251	755	10	(	(	PUNCT
cblr-14251	755	11	in	in	ADP
cblr-14251	755	12	discussing	discuss	VERB
cblr-14251	755	13	puffery	puffery	NOUN
cblr-14251	755	14	,	,	PUNCT
cblr-14251	755	15	gathering	gather	VERB
cblr-14251	755	16	cases	case	NOUN
cblr-14251	755	17	and	and	CCONJ
cblr-14251	755	18	explaining	explain	VERB
cblr-14251	755	19	that	that	SCONJ
cblr-14251	755	20	“	"	PUNCT
cblr-14251	755	21	[	[	X
cblr-14251	755	22	c]ourts	c]ourt	NOUN
cblr-14251	755	23	are	be	AUX
cblr-14251	755	24	not	not	PART
cblr-14251	755	25	only	only	ADV
cblr-14251	755	26	famously	famously	ADV
cblr-14251	755	27	inconsistent	inconsistent	ADJ
cblr-14251	755	28	in	in	ADP
cblr-14251	755	29	how	how	SCONJ
cblr-14251	755	30	the	the	DET
cblr-14251	755	31	puffery	puffery	NOUN
cblr-14251	755	32	doctrine	doctrine	NOUN
cblr-14251	755	33	is	be	AUX
cblr-14251	755	34	applied	apply	VERB
cblr-14251	755	35	,	,	PUNCT
cblr-14251	755	36	but	but	CCONJ
cblr-14251	755	37	they	they	PRON
cblr-14251	755	38	also	also	ADV
cblr-14251	755	39	tend	tend	VERB
cblr-14251	755	40	to	to	PART
cblr-14251	755	41	assume	assume	VERB
cblr-14251	755	42	a	a	DET
cblr-14251	755	43	level	level	NOUN
cblr-14251	755	44	of	of	ADP
cblr-14251	755	45	rationality	rationality	NOUN
cblr-14251	755	46	in	in	ADP
cblr-14251	755	47	market	market	NOUN
cblr-14251	755	48	functioning	function	VERB
cblr-14251	755	49	that	that	PRON
cblr-14251	755	50	is	be	AUX
cblr-14251	755	51	rarely	rarely	ADV
cblr-14251	755	52	in	in	ADP
cblr-14251	755	53	evidence	evidence	NOUN
cblr-14251	755	54	”	"	PUNCT
cblr-14251	755	55	)	)	PUNCT
cblr-14251	755	56	.	.	PUNCT
cblr-14251	756	1	lipton	lipton	PROPN
cblr-14251	756	2	also	also	ADV
cblr-14251	756	3	criticizes	criticize	VERB
cblr-14251	756	4	the	the	DET
cblr-14251	756	5	truth	truth	NOUN
cblr-14251	756	6	-	-	PUNCT
cblr-14251	756	7	on	on	ADP
cblr-14251	756	8	-	-	PUNCT
cblr-14251	756	9	the	the	DET
cblr-14251	756	10	-	-	PUNCT
cblr-14251	756	11	market	market	NOUN
cblr-14251	756	12	doctrine	doctrine	NOUN
cblr-14251	756	13	,	,	PUNCT
cblr-14251	756	14	which	which	PRON
cblr-14251	756	15	invites	invite	VERB
cblr-14251	756	16	“	"	PUNCT
cblr-14251	756	17	courts	court	NOUN
cblr-14251	756	18	to	to	PART
cblr-14251	756	19	make	make	VERB
cblr-14251	756	20	heroic	heroic	ADJ
cblr-14251	756	21	assumptions	assumption	NOUN
cblr-14251	756	22	about	about	ADP
cblr-14251	756	23	how	how	SCONJ
cblr-14251	756	24	quickly	quickly	ADV
cblr-14251	756	25	markets	market	NOUN
cblr-14251	756	26	can	can	AUX
cblr-14251	756	27	interpret	interpret	VERB
cblr-14251	756	28	and	and	CCONJ
cblr-14251	756	29	digest	digest	VERB
cblr-14251	756	30	obscure	obscure	ADJ
cblr-14251	756	31	or	or	CCONJ
cblr-14251	756	32	disaggregated	disaggregate	VERB
cblr-14251	756	33	information	information	NOUN
cblr-14251	756	34	.	.	PUNCT
cblr-14251	756	35	”	"	PUNCT
cblr-14251	757	1	i	i	PRON
cblr-14251	757	2	d.	d.	PROPN
cblr-14251	757	3	278	278	PROPN
cblr-14251	757	4	columbia	columbia	PROPN
cblr-14251	757	5	business	business	NOUN
cblr-14251	757	6	law	law	PROPN
cblr-14251	757	7	review	review	NOUN
cblr-14251	757	8	[	[	X
cblr-14251	757	9	vol	vol	NOUN
cblr-14251	757	10	.	.	PUNCT
cblr-14251	757	11	2025	2025	NUM
cblr-14251	757	12	presume	presume	VERB
cblr-14251	757	13	that	that	SCONJ
cblr-14251	757	14	a	a	DET
cblr-14251	757	15	reasonable	reasonable	ADJ
cblr-14251	757	16	investor	investor	NOUN
cblr-14251	757	17	found	find	VERB
cblr-14251	757	18	the	the	DET
cblr-14251	757	19	disclosure	disclosure	NOUN
cblr-14251	757	20	to	to	PART
cblr-14251	757	21	be	be	AUX
cblr-14251	757	22	immaterial	immaterial	ADJ
cblr-14251	757	23	as	as	ADP
cblr-14251	757	24	a	a	DET
cblr-14251	757	25	matter	matter	NOUN
cblr-14251	757	26	of	of	ADP
cblr-14251	757	27	law.184	law.184	NOUN
cblr-14251	757	28	yet	yet	ADV
cblr-14251	757	29	even	even	ADV
cblr-14251	757	30	under	under	ADP
cblr-14251	757	31	tests	test	NOUN
cblr-14251	757	32	other	other	ADJ
cblr-14251	757	33	than	than	ADP
cblr-14251	757	34	price	price	NOUN
cblr-14251	757	35	change	change	NOUN
cblr-14251	757	36	,	,	PUNCT
cblr-14251	757	37	the	the	DET
cblr-14251	757	38	underlying	underlying	ADJ
cblr-14251	757	39	assumption	assumption	NOUN
cblr-14251	757	40	is	be	AUX
cblr-14251	757	41	one	one	NUM
cblr-14251	757	42	that	that	PRON
cblr-14251	757	43	presumes	presume	VERB
cblr-14251	757	44	that	that	SCONJ
cblr-14251	757	45	stock	stock	NOUN
cblr-14251	757	46	prices	price	NOUN
cblr-14251	757	47	react	react	VERB
cblr-14251	757	48	to	to	ADP
cblr-14251	757	49	certain	certain	ADJ
cblr-14251	757	50	kinds	kind	NOUN
cblr-14251	757	51	of	of	ADP
cblr-14251	757	52	information	information	NOUN
cblr-14251	757	53	and	and	CCONJ
cblr-14251	757	54	dismiss	dismiss	VERB
cblr-14251	757	55	other	other	ADJ
cblr-14251	757	56	kinds	kind	NOUN
cblr-14251	757	57	of	of	ADP
cblr-14251	757	58	information	information	NOUN
cblr-14251	757	59	—	—	PUNCT
cblr-14251	757	60	in	in	ADP
cblr-14251	757	61	other	other	ADJ
cblr-14251	757	62	words	word	NOUN
cblr-14251	757	63	,	,	PUNCT
cblr-14251	757	64	that	that	PRON
cblr-14251	757	65	which	which	DET
cblr-14251	757	66	types	type	NOUN
cblr-14251	757	67	of	of	ADP
cblr-14251	757	68	information	information	NOUN
cblr-14251	757	69	are	be	AUX
cblr-14251	757	70	“	"	PUNCT
cblr-14251	757	71	important	important	ADJ
cblr-14251	757	72	”	"	PUNCT
cblr-14251	757	73	to	to	ADP
cblr-14251	757	74	stock	stock	NOUN
cblr-14251	757	75	prices	price	NOUN
cblr-14251	757	76	can	can	AUX
cblr-14251	757	77	be	be	AUX
cblr-14251	757	78	determined	determine	VERB
cblr-14251	757	79	in	in	ADP
cblr-14251	757	80	some	some	DET
cblr-14251	757	81	objective	objective	ADJ
cblr-14251	757	82	way	way	NOUN
cblr-14251	757	83	,	,	PUNCT
cblr-14251	757	84	typically	typically	ADV
cblr-14251	757	85	by	by	ADP
cblr-14251	757	86	assessing	assess	VERB
cblr-14251	757	87	the	the	DET
cblr-14251	757	88	import	import	NOUN
cblr-14251	757	89	of	of	ADP
cblr-14251	757	90	the	the	DET
cblr-14251	757	91	piece	piece	NOUN
cblr-14251	757	92	of	of	ADP
cblr-14251	757	93	information	information	NOUN
cblr-14251	757	94	in	in	ADP
cblr-14251	757	95	the	the	DET
cblr-14251	757	96	context	context	NOUN
cblr-14251	757	97	of	of	ADP
cblr-14251	757	98	language	language	NOUN
cblr-14251	757	99	,	,	PUNCT
cblr-14251	757	100	circumstances	circumstance	NOUN
cblr-14251	757	101	,	,	PUNCT
cblr-14251	757	102	and	and	CCONJ
cblr-14251	757	103	other	other	ADJ
cblr-14251	757	104	information	information	NOUN
cblr-14251	757	105	.	.	PUNCT
cblr-14251	758	1	a	a	DET
cblr-14251	758	2	second	second	ADJ
cblr-14251	758	3	assumption	assumption	NOUN
cblr-14251	758	4	implicit	implicit	NOUN
cblr-14251	758	5	in	in	ADP
cblr-14251	758	6	the	the	DET
cblr-14251	758	7	materiality	materiality	NOUN
cblr-14251	758	8	doctrine	doctrine	NOUN
cblr-14251	758	9	is	be	AUX
cblr-14251	758	10	one	one	NUM
cblr-14251	758	11	of	of	ADP
cblr-14251	758	12	rational	rational	ADJ
cblr-14251	758	13	investor	investor	NOUN
cblr-14251	758	14	behavior	behavior	NOUN
cblr-14251	758	15	.	.	PUNCT
cblr-14251	759	1	specifically	specifically	ADV
cblr-14251	759	2	,	,	PUNCT
cblr-14251	759	3	courts	court	NOUN
cblr-14251	759	4	tend	tend	VERB
cblr-14251	759	5	to	to	PART
cblr-14251	759	6	assume	assume	VERB
cblr-14251	759	7	a	a	DET
cblr-14251	759	8	relatively	relatively	ADV
cblr-14251	759	9	high	high	ADJ
cblr-14251	759	10	level	level	NOUN
cblr-14251	759	11	of	of	ADP
cblr-14251	759	12	economic	economic	ADJ
cblr-14251	759	13	rationality	rationality	NOUN
cblr-14251	759	14	on	on	ADP
cblr-14251	759	15	the	the	DET
cblr-14251	759	16	part	part	NOUN
cblr-14251	759	17	of	of	ADP
cblr-14251	759	18	the	the	DET
cblr-14251	759	19	“	"	PUNCT
cblr-14251	759	20	reasonable	reasonable	ADJ
cblr-14251	759	21	investor	investor	NOUN
cblr-14251	759	22	”	"	PUNCT
cblr-14251	759	23	even	even	ADV
cblr-14251	759	24	as	as	SCONJ
cblr-14251	759	25	the	the	DET
cblr-14251	759	26	reasonable	reasonable	ADJ
cblr-14251	759	27	investor	investor	NOUN
cblr-14251	759	28	figure	figure	NOUN
cblr-14251	759	29	has	have	AUX
cblr-14251	759	30	eluded	elude	VERB
cblr-14251	759	31	clear	clear	ADJ
cblr-14251	759	32	judicial	judicial	ADJ
cblr-14251	759	33	consensus.185	consensus.185	NOUN
cblr-14251	759	34	as	as	SCONJ
cblr-14251	759	35	professor	professor	PROPN
cblr-14251	759	36	david	david	PROPN
cblr-14251	759	37	hoffman	hoffman	PROPN
cblr-14251	759	38	has	have	AUX
cblr-14251	759	39	demonstrated	demonstrate	VERB
cblr-14251	759	40	,	,	PUNCT
cblr-14251	759	41	in	in	ADP
cblr-14251	759	42	order	order	NOUN
cblr-14251	759	43	to	to	PART
cblr-14251	759	44	assess	assess	VERB
cblr-14251	759	45	materiality	materiality	NOUN
cblr-14251	759	46	in	in	ADP
cblr-14251	759	47	an	an	DET
cblr-14251	759	48	objective	objective	ADJ
cblr-14251	759	49	manner	manner	NOUN
cblr-14251	759	50	,	,	PUNCT
cblr-14251	759	51	courts	court	NOUN
cblr-14251	759	52	must	must	AUX
cblr-14251	759	53	make	make	VERB
cblr-14251	759	54	an	an	DET
cblr-14251	759	55	“	"	PUNCT
cblr-14251	759	56	ideological	ideological	ADJ
cblr-14251	759	57	choice	choice	NOUN
cblr-14251	759	58	”	"	PUNCT
cblr-14251	759	59	to	to	AUX
cblr-14251	759	60	“	"	PUNCT
cblr-14251	759	61	implicitly	implicitly	ADV
cblr-14251	759	62	equate	equate	VERB
cblr-14251	759	63	investors	investor	NOUN
cblr-14251	759	64	’	'	PUNCT
cblr-14251	759	65	‘	'	PUNCT
cblr-14251	759	66	reasonableness	reasonableness	NOUN
cblr-14251	759	67	’	'	PUNCT
cblr-14251	759	68	with	with	ADP
cblr-14251	759	69	economic	economic	ADJ
cblr-14251	759	70	rationality	rationality	NOUN
cblr-14251	759	71	,	,	PUNCT
cblr-14251	759	72	and	and	CCONJ
cblr-14251	759	73	irrationality	irrationality	NOUN
cblr-14251	759	74	with	with	ADP
cblr-14251	759	75	unreasonableness	unreasonableness	NOUN
cblr-14251	759	76	.	.	PUNCT
cblr-14251	759	77	”186	”186	PROPN
cblr-14251	759	78	professor	professor	PROPN
cblr-14251	759	79	tom	tom	PROPN
cblr-14251	759	80	lin	lin	PROPN
cblr-14251	759	81	argues	argue	VERB
cblr-14251	759	82	that	that	SCONJ
cblr-14251	759	83	184	184	NUM
cblr-14251	759	84	see	see	VERB
cblr-14251	759	85	i	i	PRON
cblr-14251	759	86	d.	d.	PROPN
cblr-14251	759	87	at	at	ADP
cblr-14251	759	88	745–46	745–46	NUM
cblr-14251	759	89	;	;	PUNCT
cblr-14251	759	90	hoffman	hoffman	NOUN
cblr-14251	759	91	,	,	PUNCT
cblr-14251	759	92	supra	supra	PROPN
cblr-14251	759	93	note	note	NOUN
cblr-14251	759	94	120	120	NUM
cblr-14251	759	95	,	,	PUNCT
cblr-14251	759	96	at	at	ADP
cblr-14251	759	97	578–79	578–79	ADV
cblr-14251	759	98	.	.	PUNCT
cblr-14251	760	1	185	185	NUM
cblr-14251	760	2	see	see	NOUN
cblr-14251	760	3	amanda	amanda	PROPN
cblr-14251	760	4	m.	m.	PROPN
cblr-14251	760	5	rose	rise	VERB
cblr-14251	760	6	,	,	PUNCT
cblr-14251	760	7	the	the	DET
cblr-14251	760	8	‘	'	PUNCT
cblr-14251	760	9	reasonable	reasonable	ADJ
cblr-14251	760	10	investor	investor	NOUN
cblr-14251	760	11	’	'	PUNCT
cblr-14251	760	12	of	of	ADP
cblr-14251	760	13	federal	federal	ADJ
cblr-14251	760	14	securities	security	NOUN
cblr-14251	760	15	law	law	NOUN
cblr-14251	760	16	,	,	PUNCT
cblr-14251	760	17	43	43	PROPN
cblr-14251	760	18	j.	j.	PROPN
cblr-14251	760	19	corp	corp	PROPN
cblr-14251	760	20	.	.	PROPN
cblr-14251	760	21	l.	l.	PROPN
cblr-14251	760	22	1	1	NUM
cblr-14251	760	23	,	,	PUNCT
cblr-14251	760	24	88–90	88–90	NUM
cblr-14251	760	25	(	(	PUNCT
cblr-14251	760	26	2017	2017	NUM
cblr-14251	760	27	)	)	PUNCT
cblr-14251	760	28	(	(	PUNCT
cblr-14251	760	29	“	"	PUNCT
cblr-14251	760	30	notwithstanding	notwithstanding	ADP
cblr-14251	760	31	the	the	DET
cblr-14251	760	32	important	important	ADJ
cblr-14251	760	33	role	role	NOUN
cblr-14251	760	34	the	the	DET
cblr-14251	760	35	reasonable	reasonable	ADJ
cblr-14251	760	36	investor	investor	NOUN
cblr-14251	760	37	plays	play	VERB
cblr-14251	760	38	in	in	ADP
cblr-14251	760	39	federal	federal	ADJ
cblr-14251	760	40	securities	security	NOUN
cblr-14251	760	41	regulation	regulation	NOUN
cblr-14251	760	42	,	,	PUNCT
cblr-14251	760	43	‘	'	PUNCT
cblr-14251	760	44	courts	court	NOUN
cblr-14251	760	45	have	have	AUX
cblr-14251	760	46	not	not	PART
cblr-14251	760	47	spoken	speak	VERB
cblr-14251	760	48	with	with	ADP
cblr-14251	760	49	one	one	NUM
cblr-14251	760	50	clear	clear	ADJ
cblr-14251	760	51	voice	voice	NOUN
cblr-14251	760	52	on	on	ADP
cblr-14251	760	53	its	its	PRON
cblr-14251	760	54	identity	identity	NOUN
cblr-14251	760	55	,	,	PUNCT
cblr-14251	760	56	’	'	PUNCT
cblr-14251	760	57	leaving	leave	VERB
cblr-14251	760	58	the	the	DET
cblr-14251	760	59	figure	figure	NOUN
cblr-14251	760	60	‘	'	PUNCT
cblr-14251	760	61	anonymous	anonymous	ADJ
cblr-14251	760	62	,	,	PUNCT
cblr-14251	760	63	elusive	elusive	ADJ
cblr-14251	760	64	,	,	PUNCT
cblr-14251	760	65	and	and	CCONJ
cblr-14251	760	66	the	the	DET
cblr-14251	760	67	subject	subject	NOUN
cblr-14251	760	68	of	of	ADP
cblr-14251	760	69	much	much	ADJ
cblr-14251	760	70	inquiry	inquiry	NOUN
cblr-14251	760	71	.	.	PUNCT
cblr-14251	760	72	’	'	PUNCT
cblr-14251	760	73	”	"	PUNCT
cblr-14251	760	74	)	)	PUNCT
cblr-14251	760	75	.	.	PUNCT
cblr-14251	761	1	see	see	AUX
cblr-14251	761	2	also	also	ADV
cblr-14251	761	3	hurt	hurt	VERB
cblr-14251	761	4	,	,	PUNCT
cblr-14251	761	5	supra	supra	PROPN
cblr-14251	761	6	note	note	NOUN
cblr-14251	761	7	125	125	NUM
cblr-14251	761	8	,	,	PUNCT
cblr-14251	761	9	at	at	ADP
cblr-14251	761	10	800	800	NUM
cblr-14251	761	11	(	(	PUNCT
cblr-14251	761	12	“	"	PUNCT
cblr-14251	761	13	[	[	X
cblr-14251	761	14	j]ust	j]ust	NOUN
cblr-14251	761	15	as	as	SCONJ
cblr-14251	761	16	the	the	DET
cblr-14251	761	17	reasonable	reasonable	ADJ
cblr-14251	761	18	person	person	NOUN
cblr-14251	761	19	is	be	AUX
cblr-14251	761	20	not	not	PART
cblr-14251	761	21	average	average	ADJ
cblr-14251	761	22	and	and	CCONJ
cblr-14251	761	23	is	be	AUX
cblr-14251	761	24	probably	probably	ADV
cblr-14251	761	25	more	more	ADV
cblr-14251	761	26	careful	careful	ADJ
cblr-14251	761	27	than	than	ADP
cblr-14251	761	28	the	the	DET
cblr-14251	761	29	average	average	ADJ
cblr-14251	761	30	person	person	NOUN
cblr-14251	761	31	,	,	PUNCT
cblr-14251	761	32	the	the	DET
cblr-14251	761	33	reasonable	reasonable	ADJ
cblr-14251	761	34	investor	investor	NOUN
cblr-14251	761	35	is	be	AUX
cblr-14251	761	36	probably	probably	ADV
cblr-14251	761	37	not	not	PART
cblr-14251	761	38	the	the	DET
cblr-14251	761	39	average	average	ADJ
cblr-14251	761	40	retail	retail	ADJ
cblr-14251	761	41	investor	investor	NOUN
cblr-14251	761	42	and	and	CCONJ
cblr-14251	761	43	may	may	AUX
cblr-14251	761	44	be	be	AUX
cblr-14251	761	45	an	an	DET
cblr-14251	761	46	aspirational	aspirational	ADJ
cblr-14251	761	47	model	model	NOUN
cblr-14251	761	48	of	of	ADP
cblr-14251	761	49	a	a	DET
cblr-14251	761	50	rational	rational	ADJ
cblr-14251	761	51	investor	investor	NOUN
cblr-14251	761	52	”	"	PUNCT
cblr-14251	761	53	)	)	PUNCT
cblr-14251	761	54	;	;	PUNCT
cblr-14251	761	55	rose	rise	VERB
cblr-14251	761	56	,	,	PUNCT
cblr-14251	761	57	supra	supra	NOUN
cblr-14251	761	58	note	note	NOUN
cblr-14251	761	59	185	185	NUM
cblr-14251	761	60	,	,	PUNCT
cblr-14251	761	61	at	at	ADP
cblr-14251	761	62	89–90	89–90	NUM
cblr-14251	761	63	(	(	PUNCT
cblr-14251	761	64	gathering	gather	VERB
cblr-14251	761	65	sources	source	NOUN
cblr-14251	761	66	and	and	CCONJ
cblr-14251	761	67	explaining	explain	VERB
cblr-14251	761	68	that	that	SCONJ
cblr-14251	761	69	the	the	DET
cblr-14251	761	70	reasonable	reasonable	ADJ
cblr-14251	761	71	investor	investor	NOUN
cblr-14251	761	72	is	be	AUX
cblr-14251	761	73	frequently	frequently	ADV
cblr-14251	761	74	understood	understand	VERB
cblr-14251	761	75	to	to	PART
cblr-14251	761	76	be	be	AUX
cblr-14251	761	77	a	a	DET
cblr-14251	761	78	rational	rational	ADJ
cblr-14251	761	79	actor	actor	NOUN
cblr-14251	761	80	who	who	PRON
cblr-14251	761	81	“	"	PUNCT
cblr-14251	761	82	grasps	grasp	VERB
cblr-14251	761	83	market	market	NOUN
cblr-14251	761	84	fundamentals	fundamental	NOUN
cblr-14251	761	85	—	—	PUNCT
cblr-14251	761	86	for	for	ADP
cblr-14251	761	87	example	example	NOUN
cblr-14251	761	88	,	,	PUNCT
cblr-14251	761	89	the	the	DET
cblr-14251	761	90	time	time	NOUN
cblr-14251	761	91	value	value	NOUN
cblr-14251	761	92	of	of	ADP
cblr-14251	761	93	money	money	NOUN
cblr-14251	761	94	,	,	PUNCT
cblr-14251	761	95	the	the	DET
cblr-14251	761	96	peril	peril	NOUN
cblr-14251	761	97	of	of	ADP
cblr-14251	761	98	trusting	trust	VERB
cblr-14251	761	99	assumptions	assumption	NOUN
cblr-14251	761	100	,	,	PUNCT
cblr-14251	761	101	and	and	CCONJ
cblr-14251	761	102	the	the	DET
cblr-14251	761	103	potential	potential	NOUN
cblr-14251	761	104	for	for	ADP
cblr-14251	761	105	unpredictable	unpredictable	ADJ
cblr-14251	761	106	difficulties	difficulty	NOUN
cblr-14251	761	107	to	to	PART
cblr-14251	761	108	derail	derail	VERB
cblr-14251	761	109	new	new	ADJ
cblr-14251	761	110	products	product	NOUN
cblr-14251	761	111	”	"	PUNCT
cblr-14251	761	112	)	)	PUNCT
cblr-14251	761	113	;	;	PUNCT
cblr-14251	761	114	lin	lin	PROPN
cblr-14251	761	115	,	,	PUNCT
cblr-14251	761	116	supra	supra	PROPN
cblr-14251	761	117	note	note	PROPN
cblr-14251	761	118	117	117	NUM
cblr-14251	761	119	,	,	PUNCT
cblr-14251	761	120	at	at	ADP
cblr-14251	761	121	466–67	466–67	NOUN
cblr-14251	761	122	(	(	PUNCT
cblr-14251	761	123	2015	2015	NUM
cblr-14251	761	124	)	)	PUNCT
cblr-14251	761	125	(	(	PUNCT
cblr-14251	761	126	explaining	explain	VERB
cblr-14251	761	127	that	that	SCONJ
cblr-14251	761	128	while	while	SCONJ
cblr-14251	761	129	disagreement	disagreement	NOUN
cblr-14251	761	130	persists	persist	VERB
cblr-14251	761	131	regarding	regard	VERB
cblr-14251	761	132	the	the	DET
cblr-14251	761	133	reasonable	reasonable	ADJ
cblr-14251	761	134	investor	investor	NOUN
cblr-14251	761	135	’s	’s	PART
cblr-14251	761	136	characteristics	characteristic	NOUN
cblr-14251	761	137	,	,	PUNCT
cblr-14251	761	138	the	the	DET
cblr-14251	761	139	“	"	PUNCT
cblr-14251	761	140	leading	leading	ADJ
cblr-14251	761	141	paradigm	paradigm	NOUN
cblr-14251	761	142	”	"	PUNCT
cblr-14251	761	143	defines	define	VERB
cblr-14251	761	144	the	the	DET
cblr-14251	761	145	reasonable	reasonable	ADJ
cblr-14251	761	146	investor	investor	NOUN
cblr-14251	761	147	as	as	ADP
cblr-14251	761	148	“	"	PUNCT
cblr-14251	761	149	the	the	DET
cblr-14251	761	150	idealized	idealized	ADJ
cblr-14251	761	151	,	,	PUNCT
cblr-14251	761	152	perfectly	perfectly	ADV
cblr-14251	761	153	rational	rational	ADJ
cblr-14251	761	154	actor	actor	NOUN
cblr-14251	761	155	of	of	ADP
cblr-14251	761	156	neoclassical	neoclassical	ADJ
cblr-14251	761	157	economics	economic	NOUN
cblr-14251	761	158	”	"	PUNCT
cblr-14251	761	159	)	)	PUNCT
cblr-14251	761	160	;	;	PUNCT
cblr-14251	761	161	joan	joan	PROPN
cblr-14251	761	162	macleod	macleod	PROPN
cblr-14251	761	163	heminway	heminway	PROPN
cblr-14251	761	164	,	,	PUNCT
cblr-14251	761	165	female	female	ADJ
cblr-14251	761	166	investors	investor	NOUN
cblr-14251	761	167	and	and	CCONJ
cblr-14251	761	168	securities	security	NOUN
cblr-14251	761	169	fraud	fraud	NOUN
cblr-14251	761	170	:	:	PUNCT
cblr-14251	761	171	is	be	AUX
cblr-14251	761	172	the	the	DET
cblr-14251	761	173	reasonable	reasonable	ADJ
cblr-14251	761	174	investor	investor	NOUN
cblr-14251	761	175	a	a	DET
cblr-14251	761	176	woman	woman	NOUN
cblr-14251	761	177	?	?	PUNCT
cblr-14251	761	178	,	,	PUNCT
cblr-14251	761	179	15	15	NUM
cblr-14251	761	180	wm	wm	PROPN
cblr-14251	761	181	.	.	PROPN
cblr-14251	761	182	&	&	CCONJ
cblr-14251	761	183	mary	mary	PROPN
cblr-14251	761	184	j.	j.	PROPN
cblr-14251	761	185	women	women	PROPN
cblr-14251	761	186	&	&	CCONJ
cblr-14251	761	187	l.	l.	PROPN
cblr-14251	761	188	291	291	NUM
cblr-14251	761	189	,	,	PUNCT
cblr-14251	761	190	297–98	297–98	NUM
cblr-14251	761	191	(	(	PUNCT
cblr-14251	761	192	2009	2009	NUM
cblr-14251	761	193	)	)	PUNCT
cblr-14251	761	194	(	(	PUNCT
cblr-14251	761	195	“	"	PUNCT
cblr-14251	761	196	decisional	decisional	ADJ
cblr-14251	761	197	law	law	NOUN
cblr-14251	761	198	and	and	CCONJ
cblr-14251	761	199	the	the	DET
cblr-14251	761	200	related	relate	VERB
cblr-14251	761	201	literature	literature	NOUN
cblr-14251	761	202	support	support	VERB
cblr-14251	761	203	the	the	DET
cblr-14251	761	204	view	view	NOUN
cblr-14251	761	205	that	that	SCONJ
cblr-14251	761	206	the	the	DET
cblr-14251	761	207	reasonable	reasonable	ADJ
cblr-14251	761	208	investor	investor	NOUN
cblr-14251	761	209	is	be	AUX
cblr-14251	761	210	a	a	DET
cblr-14251	761	211	rational	rational	ADJ
cblr-14251	761	212	investor	investor	NOUN
cblr-14251	761	213	.	.	PUNCT
cblr-14251	761	214	.	.	PUNCT
cblr-14251	761	215	.	.	PUNCT
cblr-14251	761	216	.	.	PUNCT
cblr-14251	761	217	”	"	PUNCT
cblr-14251	761	218	)	)	PUNCT
cblr-14251	761	219	.	.	PUNCT
cblr-14251	762	1	186	186	NUM
cblr-14251	762	2	hoffman	hoffman	NOUN
cblr-14251	762	3	,	,	PUNCT
cblr-14251	762	4	supra	supra	PROPN
cblr-14251	762	5	note	note	NOUN
cblr-14251	762	6	120	120	NUM
cblr-14251	762	7	,	,	PUNCT
cblr-14251	762	8	at	at	ADP
cblr-14251	762	9	542–43	542–43	NOUN
cblr-14251	762	10	.	.	PUNCT
cblr-14251	763	1	no	no	INTJ
cblr-14251	763	2	.	.	NOUN
cblr-14251	763	3	1	1	NUM
cblr-14251	763	4	]	]	PUNCT
cblr-14251	763	5	securities	security	NOUN
cblr-14251	763	6	fraud	fraud	NOUN
cblr-14251	763	7	and	and	CCONJ
cblr-14251	763	8	the	the	DET
cblr-14251	763	9	market	market	NOUN
cblr-14251	763	10	for	for	ADP
cblr-14251	763	11	individual	individual	ADJ
cblr-14251	763	12	stocks	stock	NOUN
cblr-14251	763	13	279	279	NUM
cblr-14251	763	14	regulations	regulation	NOUN
cblr-14251	763	15	for	for	ADP
cblr-14251	763	16	the	the	DET
cblr-14251	763	17	idealized	idealized	ADJ
cblr-14251	763	18	,	,	PUNCT
cblr-14251	763	19	reasonable	reasonable	ADJ
cblr-14251	763	20	investor	investor	NOUN
cblr-14251	763	21	focus	focus	NOUN
cblr-14251	763	22	on	on	ADP
cblr-14251	763	23	disclosure	disclosure	NOUN
cblr-14251	763	24	of	of	ADP
cblr-14251	763	25	relevant	relevant	ADJ
cblr-14251	763	26	information	information	NOUN
cblr-14251	763	27	so	so	SCONJ
cblr-14251	763	28	that	that	SCONJ
cblr-14251	763	29	investors	investor	NOUN
cblr-14251	763	30	can	can	AUX
cblr-14251	763	31	“	"	PUNCT
cblr-14251	763	32	maximize	maximize	VERB
cblr-14251	763	33	their	their	PRON
cblr-14251	763	34	utility	utility	NOUN
cblr-14251	763	35	from	from	ADP
cblr-14251	763	36	a	a	DET
cblr-14251	763	37	stable	stable	ADJ
cblr-14251	763	38	set	set	NOUN
cblr-14251	763	39	of	of	ADP
cblr-14251	763	40	preferences	preference	NOUN
cblr-14251	763	41	”	"	PUNCT
cblr-14251	763	42	and	and	CCONJ
cblr-14251	763	43	protect	protect	VERB
cblr-14251	763	44	themselves	themselves	PRON
cblr-14251	763	45	against	against	ADP
cblr-14251	763	46	corporate	corporate	ADJ
cblr-14251	763	47	misbehavior.187	misbehavior.187	NOUN
cblr-14251	763	48	moreover	moreover	ADV
cblr-14251	763	49	,	,	PUNCT
cblr-14251	763	50	courts	court	NOUN
cblr-14251	763	51	generally	generally	ADV
cblr-14251	763	52	presume	presume	VERB
cblr-14251	763	53	that	that	SCONJ
cblr-14251	763	54	the	the	DET
cblr-14251	763	55	reasonable	reasonable	ADJ
cblr-14251	763	56	investor	investor	NOUN
cblr-14251	763	57	is	be	AUX
cblr-14251	763	58	motivated	motivate	VERB
cblr-14251	763	59	primarily	primarily	ADV
cblr-14251	763	60	(	(	PUNCT
cblr-14251	763	61	or	or	CCONJ
cblr-14251	763	62	even	even	ADV
cblr-14251	763	63	solely	solely	ADV
cblr-14251	763	64	)	)	PUNCT
cblr-14251	763	65	by	by	ADP
cblr-14251	763	66	the	the	DET
cblr-14251	763	67	maximization	maximization	NOUN
cblr-14251	763	68	of	of	ADP
cblr-14251	763	69	financial	financial	ADJ
cblr-14251	763	70	returns	return	NOUN
cblr-14251	763	71	,	,	PUNCT
cblr-14251	763	72	which	which	PRON
cblr-14251	763	73	can	can	AUX
cblr-14251	763	74	serve	serve	VERB
cblr-14251	763	75	to	to	PART
cblr-14251	763	76	further	far	ADV
cblr-14251	763	77	narrow	narrow	VERB
cblr-14251	763	78	the	the	DET
cblr-14251	763	79	universe	universe	NOUN
cblr-14251	763	80	of	of	ADP
cblr-14251	763	81	information	information	NOUN
cblr-14251	763	82	material	material	NOUN
cblr-14251	763	83	to	to	ADP
cblr-14251	763	84	such	such	DET
cblr-14251	763	85	an	an	DET
cblr-14251	763	86	investor.188	investor.188	NOUN
cblr-14251	763	87	in	in	ADP
cblr-14251	763	88	other	other	ADJ
cblr-14251	763	89	words	word	NOUN
cblr-14251	763	90	,	,	PUNCT
cblr-14251	763	91	courts	court	NOUN
cblr-14251	763	92	assume	assume	VERB
cblr-14251	763	93	that	that	SCONJ
cblr-14251	763	94	investors	investor	NOUN
cblr-14251	763	95	can	can	AUX
cblr-14251	763	96	rationally	rationally	ADV
cblr-14251	763	97	distinguish	distinguish	VERB
cblr-14251	763	98	,	,	PUNCT
cblr-14251	763	99	in	in	ADP
cblr-14251	763	100	an	an	DET
cblr-14251	763	101	objective	objective	ADJ
cblr-14251	763	102	manner	manner	NOUN
cblr-14251	763	103	,	,	PUNCT
cblr-14251	763	104	fact	fact	NOUN
cblr-14251	763	105	from	from	ADP
cblr-14251	763	106	puffery	puffery	NOUN
cblr-14251	763	107	,	,	PUNCT
cblr-14251	763	108	separate	separate	VERB
cblr-14251	763	109	out	out	ADP
cblr-14251	763	110	the	the	DET
cblr-14251	763	111	impact	impact	NOUN
cblr-14251	763	112	of	of	ADP
cblr-14251	763	113	cautionary	cautionary	ADJ
cblr-14251	763	114	statements	statement	NOUN
cblr-14251	763	115	,	,	PUNCT
cblr-14251	763	116	compare	compare	VERB
cblr-14251	763	117	the	the	DET
cblr-14251	763	118	statement	statement	NOUN
cblr-14251	763	119	to	to	ADP
cblr-14251	763	120	the	the	DET
cblr-14251	763	121	universe	universe	NOUN
cblr-14251	763	122	of	of	ADP
cblr-14251	763	123	existing	exist	VERB
cblr-14251	763	124	facts	fact	NOUN
cblr-14251	763	125	at	at	ADP
cblr-14251	763	126	the	the	DET
cblr-14251	763	127	time	time	NOUN
cblr-14251	763	128	,	,	PUNCT
cblr-14251	763	129	and	and	CCONJ
cblr-14251	763	130	make	make	VERB
cblr-14251	763	131	an	an	DET
cblr-14251	763	132	informed	informed	ADJ
cblr-14251	763	133	decision	decision	NOUN
cblr-14251	763	134	to	to	PART
cblr-14251	763	135	buy	buy	VERB
cblr-14251	763	136	or	or	CCONJ
cblr-14251	763	137	sell	sell	VERB
cblr-14251	763	138	the	the	DET
cblr-14251	763	139	stock	stock	NOUN
cblr-14251	763	140	accordingly.189	accordingly.189	NOUN
cblr-14251	763	141	introducing	introduce	VERB
cblr-14251	763	142	the	the	DET
cblr-14251	763	143	market	market	NOUN
cblr-14251	763	144	for	for	ADP
cblr-14251	763	145	individual	individual	ADJ
cblr-14251	763	146	stocks	stock	NOUN
cblr-14251	763	147	complicates	complicate	VERB
cblr-14251	763	148	an	an	DET
cblr-14251	763	149	already	already	ADV
cblr-14251	763	150	complicated	complicated	ADJ
cblr-14251	763	151	inquiry	inquiry	NOUN
cblr-14251	763	152	.	.	PUNCT
cblr-14251	764	1	the	the	DET
cblr-14251	764	2	universe	universe	NOUN
cblr-14251	764	3	of	of	ADP
cblr-14251	764	4	potential	potential	ADJ
cblr-14251	764	5	demand	demand	NOUN
cblr-14251	764	6	-	-	PUNCT
cblr-14251	764	7	driven	drive	VERB
cblr-14251	764	8	,	,	PUNCT
cblr-14251	764	9	non	non	ADJ
cblr-14251	764	10	-	-	ADJ
cblr-14251	764	11	financial	financial	ADJ
cblr-14251	764	12	factors	factor	NOUN
cblr-14251	764	13	is	be	AUX
cblr-14251	764	14	vast	vast	ADJ
cblr-14251	764	15	.	.	PUNCT
cblr-14251	765	1	if	if	SCONJ
cblr-14251	765	2	such	such	ADJ
cblr-14251	765	3	factors	factor	NOUN
cblr-14251	765	4	are	be	AUX
cblr-14251	765	5	important	important	ADJ
cblr-14251	765	6	to	to	ADP
cblr-14251	765	7	investors	investor	NOUN
cblr-14251	765	8	and	and	CCONJ
cblr-14251	765	9	drive	drive	VERB
cblr-14251	765	10	investing	investing	NOUN
cblr-14251	765	11	behavior	behavior	NOUN
cblr-14251	765	12	and	and	CCONJ
cblr-14251	765	13	stock	stock	NOUN
cblr-14251	765	14	price	price	NOUN
cblr-14251	765	15	movements	movement	NOUN
cblr-14251	765	16	in	in	ADP
cblr-14251	765	17	a	a	DET
cblr-14251	765	18	sustained	sustain	VERB
cblr-14251	765	19	,	,	PUNCT
cblr-14251	765	20	predictable	predictable	ADJ
cblr-14251	765	21	way	way	NOUN
cblr-14251	765	22	,	,	PUNCT
cblr-14251	765	23	should	should	AUX
cblr-14251	765	24	they	they	PRON
cblr-14251	765	25	be	be	AUX
cblr-14251	765	26	considered	consider	VERB
cblr-14251	765	27	material	material	NOUN
cblr-14251	765	28	as	as	ADV
cblr-14251	765	29	well	well	ADV
cblr-14251	765	30	(	(	PUNCT
cblr-14251	765	31	even	even	ADV
cblr-14251	765	32	when	when	SCONJ
cblr-14251	765	33	those	those	DET
cblr-14251	765	34	factors	factor	NOUN
cblr-14251	765	35	say	say	VERB
cblr-14251	765	36	nothing	nothing	PRON
cblr-14251	765	37	about	about	ADP
cblr-14251	765	38	an	an	DET
cblr-14251	765	39	issuer	issuer	NOUN
cblr-14251	765	40	’s	’s	PART
cblr-14251	765	41	financials	financial	NOUN
cblr-14251	765	42	or	or	CCONJ
cblr-14251	765	43	fundamental	fundamental	ADJ
cblr-14251	765	44	value	value	NOUN
cblr-14251	765	45	)	)	PUNCT
cblr-14251	765	46	?	?	PUNCT
cblr-14251	766	1	187lin	187lin	NUM
cblr-14251	766	2	,	,	PUNCT
cblr-14251	766	3	reasonable	reasonable	ADJ
cblr-14251	766	4	investor(s	investor(s	NOUN
cblr-14251	766	5	)	)	PUNCT
cblr-14251	766	6	,	,	PUNCT
cblr-14251	766	7	supra	supra	PROPN
cblr-14251	766	8	note	note	PROPN
cblr-14251	766	9	117	117	NUM
cblr-14251	766	10	,	,	PUNCT
cblr-14251	766	11	at	at	ADP
cblr-14251	766	12	477–78	477–78	NOUN
cblr-14251	766	13	.	.	PUNCT
cblr-14251	767	1	thus	thus	ADV
cblr-14251	767	2	,	,	PUNCT
cblr-14251	767	3	he	he	PRON
cblr-14251	767	4	argues	argue	VERB
cblr-14251	767	5	,	,	PUNCT
cblr-14251	767	6	regulation	regulation	NOUN
cblr-14251	767	7	has	have	AUX
cblr-14251	767	8	championed	champion	VERB
cblr-14251	767	9	more	more	ADJ
cblr-14251	767	10	and	and	CCONJ
cblr-14251	767	11	more	more	ADV
cblr-14251	767	12	corporate	corporate	ADJ
cblr-14251	767	13	disclosure	disclosure	NOUN
cblr-14251	767	14	.	.	PUNCT
cblr-14251	768	1	see	see	VERB
cblr-14251	768	2	also	also	ADV
cblr-14251	768	3	i	i	PROPN
cblr-14251	768	4	d.	d.	PROPN
cblr-14251	768	5	at	at	ADP
cblr-14251	768	6	508	508	NUM
cblr-14251	768	7	(	(	PUNCT
cblr-14251	768	8	“	"	PUNCT
cblr-14251	768	9	investor	investor	NOUN
cblr-14251	768	10	protection	protection	NOUN
cblr-14251	768	11	for	for	ADP
cblr-14251	768	12	a	a	DET
cblr-14251	768	13	mythical	mythical	ADJ
cblr-14251	768	14	population	population	NOUN
cblr-14251	768	15	of	of	ADP
cblr-14251	768	16	reasonable	reasonable	ADJ
cblr-14251	768	17	investors	investor	NOUN
cblr-14251	768	18	is	be	AUX
cblr-14251	768	19	fairly	fairly	ADV
cblr-14251	768	20	straightforward	straightforward	ADJ
cblr-14251	768	21	:	:	PUNCT
cblr-14251	768	22	equip	equip	VERB
cblr-14251	768	23	them	they	PRON
cblr-14251	768	24	with	with	ADP
cblr-14251	768	25	the	the	DET
cblr-14251	768	26	requisite	requisite	ADJ
cblr-14251	768	27	information	information	NOUN
cblr-14251	768	28	,	,	PUNCT
cblr-14251	768	29	and	and	CCONJ
cblr-14251	768	30	they	they	PRON
cblr-14251	768	31	will	will	AUX
cblr-14251	768	32	perfectly	perfectly	ADV
cblr-14251	768	33	process	process	VERB
cblr-14251	768	34	that	that	SCONJ
cblr-14251	768	35	information	information	NOUN
cblr-14251	768	36	and	and	CCONJ
cblr-14251	768	37	make	make	VERB
cblr-14251	768	38	utility	utility	NOUN
cblr-14251	768	39	-	-	PUNCT
cblr-14251	768	40	maximizing	maximize	VERB
cblr-14251	768	41	investment	investment	NOUN
cblr-14251	768	42	decisions	decision	NOUN
cblr-14251	768	43	.	.	PUNCT
cblr-14251	768	44	”	"	PUNCT
cblr-14251	768	45	)	)	PUNCT
cblr-14251	768	46	.	.	PUNCT
cblr-14251	769	1	188	188	NUM
cblr-14251	769	2	see	see	VERB
cblr-14251	769	3	i	i	PROPN
cblr-14251	769	4	d.	d.	PROPN
cblr-14251	769	5	at	at	ADP
cblr-14251	769	6	467	467	NUM
cblr-14251	769	7	(	(	PUNCT
cblr-14251	769	8	“	"	PUNCT
cblr-14251	769	9	the	the	DET
cblr-14251	769	10	reasonable	reasonable	ADJ
cblr-14251	769	11	investor	investor	NOUN
cblr-14251	769	12	is	be	AUX
cblr-14251	769	13	presumed	presume	VERB
cblr-14251	769	14	to	to	PART
cblr-14251	769	15	operate	operate	VERB
cblr-14251	769	16	rationally	rationally	ADV
cblr-14251	769	17	to	to	PART
cblr-14251	769	18	maximize	maximize	VERB
cblr-14251	769	19	returns	return	NOUN
cblr-14251	769	20	in	in	ADP
cblr-14251	769	21	the	the	DET
cblr-14251	769	22	marketplace	marketplace	NOUN
cblr-14251	769	23	)	)	PUNCT
cblr-14251	769	24	;	;	PUNCT
cblr-14251	769	25	saad	saad	PROPN
cblr-14251	769	26	&	&	CCONJ
cblr-14251	769	27	strauss	strauss	PROPN
cblr-14251	769	28	,	,	PUNCT
cblr-14251	769	29	supra	supra	PROPN
cblr-14251	769	30	note	note	PROPN
cblr-14251	769	31	164	164	NUM
cblr-14251	769	32	,	,	PUNCT
cblr-14251	769	33	at	at	ADP
cblr-14251	769	34	399–400	399–400	NUM
cblr-14251	769	35	(	(	PUNCT
cblr-14251	769	36	explaining	explain	VERB
cblr-14251	769	37	that	that	SCONJ
cblr-14251	769	38	the	the	DET
cblr-14251	769	39	reasonable	reasonable	ADJ
cblr-14251	769	40	investor	investor	NOUN
cblr-14251	769	41	“	"	PUNCT
cblr-14251	769	42	archetype	archetype	NOUN
cblr-14251	769	43	”	"	PUNCT
cblr-14251	769	44	understands	understand	VERB
cblr-14251	769	45	the	the	DET
cblr-14251	769	46	investor	investor	NOUN
cblr-14251	769	47	as	as	ADP
cblr-14251	769	48	an	an	DET
cblr-14251	769	49	“	"	PUNCT
cblr-14251	769	50	economically	economically	ADV
cblr-14251	769	51	rational	rational	ADJ
cblr-14251	769	52	actor	actor	NOUN
cblr-14251	769	53	who	who	PRON
cblr-14251	769	54	relies	rely	VERB
cblr-14251	769	55	solely	solely	ADV
cblr-14251	769	56	on	on	ADP
cblr-14251	769	57	financial	financial	ADJ
cblr-14251	769	58	disclosures	disclosure	NOUN
cblr-14251	769	59	in	in	ADP
cblr-14251	769	60	making	make	VERB
cblr-14251	769	61	decisions	decision	NOUN
cblr-14251	769	62	about	about	ADP
cblr-14251	769	63	the	the	DET
cblr-14251	769	64	purchase	purchase	NOUN
cblr-14251	769	65	and	and	CCONJ
cblr-14251	769	66	sale	sale	NOUN
cblr-14251	769	67	of	of	ADP
cblr-14251	769	68	securities	security	NOUN
cblr-14251	769	69	”	"	PUNCT
cblr-14251	769	70	)	)	PUNCT
cblr-14251	769	71	.	.	PUNCT
cblr-14251	770	1	189	189	NUM
cblr-14251	770	2	lin	lin	PROPN
cblr-14251	770	3	,	,	PUNCT
cblr-14251	770	4	reasonable	reasonable	ADJ
cblr-14251	770	5	investor(s	investor(s	NOUN
cblr-14251	770	6	)	)	PUNCT
cblr-14251	770	7	,	,	PUNCT
cblr-14251	770	8	supra	supra	PROPN
cblr-14251	770	9	note	note	PROPN
cblr-14251	770	10	117	117	NUM
cblr-14251	770	11	,	,	PUNCT
cblr-14251	770	12	at	at	ADP
cblr-14251	770	13	467	467	NUM
cblr-14251	770	14	(	(	PUNCT
cblr-14251	770	15	explaining	explain	VERB
cblr-14251	770	16	that	that	SCONJ
cblr-14251	770	17	the	the	DET
cblr-14251	770	18	reasonable	reasonable	ADJ
cblr-14251	770	19	investor	investor	NOUN
cblr-14251	770	20	is	be	AUX
cblr-14251	770	21	generally	generally	ADV
cblr-14251	770	22	believed	believe	VERB
cblr-14251	770	23	to	to	PART
cblr-14251	770	24	be	be	AUX
cblr-14251	770	25	“	"	PUNCT
cblr-14251	770	26	capable	capable	ADJ
cblr-14251	770	27	of	of	ADP
cblr-14251	770	28	reading	read	VERB
cblr-14251	770	29	and	and	CCONJ
cblr-14251	770	30	comprehending	comprehend	VERB
cblr-14251	770	31	all	all	DET
cblr-14251	770	32	the	the	DET
cblr-14251	770	33	noise	noise	NOUN
cblr-14251	770	34	and	and	CCONJ
cblr-14251	770	35	signals	signal	NOUN
cblr-14251	770	36	in	in	ADP
cblr-14251	770	37	the	the	DET
cblr-14251	770	38	marketplace	marketplace	NOUN
cblr-14251	770	39	that	that	PRON
cblr-14251	770	40	encapsulate	encapsulate	VERB
cblr-14251	770	41	formal	formal	ADJ
cblr-14251	770	42	disclosures	disclosure	NOUN
cblr-14251	770	43	,	,	PUNCT
cblr-14251	770	44	economic	economic	ADJ
cblr-14251	770	45	data	datum	NOUN
cblr-14251	770	46	,	,	PUNCT
cblr-14251	770	47	market	market	NOUN
cblr-14251	770	48	trends	trend	NOUN
cblr-14251	770	49	,	,	PUNCT
cblr-14251	770	50	senseless	senseless	ADJ
cblr-14251	770	51	speculation	speculation	NOUN
cblr-14251	770	52	,	,	PUNCT
cblr-14251	770	53	and	and	CCONJ
cblr-14251	770	54	irresponsible	irresponsible	ADJ
cblr-14251	770	55	rumors	rumor	NOUN
cblr-14251	770	56	.	.	PUNCT
cblr-14251	771	1	as	as	ADP
cblr-14251	771	2	such	such	ADJ
cblr-14251	771	3	,	,	PUNCT
cblr-14251	771	4	when	when	SCONJ
cblr-14251	771	5	given	give	VERB
cblr-14251	771	6	the	the	DET
cblr-14251	771	7	requisite	requisite	ADJ
cblr-14251	771	8	information	information	NOUN
cblr-14251	771	9	,	,	PUNCT
cblr-14251	771	10	reasonable	reasonable	ADJ
cblr-14251	771	11	investors	investor	NOUN
cblr-14251	771	12	are	be	AUX
cblr-14251	771	13	able	able	ADJ
cblr-14251	771	14	to	to	PART
cblr-14251	771	15	properly	properly	ADV
cblr-14251	771	16	price	price	VERB
cblr-14251	771	17	the	the	DET
cblr-14251	771	18	risks	risk	NOUN
cblr-14251	771	19	and	and	CCONJ
cblr-14251	771	20	rewards	reward	NOUN
cblr-14251	771	21	of	of	ADP
cblr-14251	771	22	an	an	DET
cblr-14251	771	23	investment	investment	NOUN
cblr-14251	771	24	.	.	PUNCT
cblr-14251	771	25	”	"	PUNCT
cblr-14251	771	26	)	)	PUNCT
cblr-14251	771	27	.	.	PUNCT
cblr-14251	772	1	280	280	NUM
cblr-14251	772	2	columbia	columbia	PROPN
cblr-14251	772	3	business	business	NOUN
cblr-14251	772	4	law	law	NOUN
cblr-14251	772	5	review	review	NOUN
cblr-14251	772	6	[	[	X
cblr-14251	772	7	vol	vol	NOUN
cblr-14251	772	8	.	.	PUNCT
cblr-14251	772	9	2025	2025	NUM
cblr-14251	772	10	consider	consider	VERB
cblr-14251	772	11	an	an	DET
cblr-14251	772	12	activist	activist	ADJ
cblr-14251	772	13	short	short	ADJ
cblr-14251	772	14	seller	seller	NOUN
cblr-14251	772	15	who	who	PRON
cblr-14251	772	16	takes	take	VERB
cblr-14251	772	17	a	a	DET
cblr-14251	772	18	large	large	ADJ
cblr-14251	772	19	short	short	ADJ
cblr-14251	772	20	position	position	NOUN
cblr-14251	772	21	in	in	ADP
cblr-14251	772	22	a	a	DET
cblr-14251	772	23	company	company	NOUN
cblr-14251	772	24	.	.	PUNCT
cblr-14251	773	1	imagine	imagine	VERB
cblr-14251	773	2	that	that	SCONJ
cblr-14251	773	3	this	this	DET
cblr-14251	773	4	short	short	ADJ
cblr-14251	773	5	seller	seller	NOUN
cblr-14251	773	6	publishes	publish	VERB
cblr-14251	773	7	a	a	DET
cblr-14251	773	8	report	report	NOUN
cblr-14251	773	9	on	on	ADP
cblr-14251	773	10	a	a	DET
cblr-14251	773	11	company	company	NOUN
cblr-14251	773	12	,	,	PUNCT
cblr-14251	773	13	raising	raise	VERB
cblr-14251	773	14	questions	question	NOUN
cblr-14251	773	15	around	around	ADP
cblr-14251	773	16	the	the	DET
cblr-14251	773	17	company	company	NOUN
cblr-14251	773	18	’s	’s	PART
cblr-14251	773	19	commitment	commitment	NOUN
cblr-14251	773	20	to	to	ADP
cblr-14251	773	21	diversity	diversity	NOUN
cblr-14251	773	22	.	.	PUNCT
cblr-14251	774	1	this	this	DET
cblr-14251	774	2	short	short	ADJ
cblr-14251	774	3	seller	seller	NOUN
cblr-14251	774	4	has	have	AUX
cblr-14251	774	5	amassed	amass	VERB
cblr-14251	774	6	a	a	DET
cblr-14251	774	7	substantial	substantial	ADJ
cblr-14251	774	8	following	following	NOUN
cblr-14251	774	9	on	on	ADP
cblr-14251	774	10	social	social	ADJ
cblr-14251	774	11	media	medium	NOUN
cblr-14251	774	12	for	for	ADP
cblr-14251	774	13	their	their	PRON
cblr-14251	774	14	past	past	ADJ
cblr-14251	774	15	reports	report	NOUN
cblr-14251	774	16	uncovering	uncover	VERB
cblr-14251	774	17	companies	company	NOUN
cblr-14251	774	18	with	with	ADP
cblr-14251	774	19	poor	poor	ADJ
cblr-14251	774	20	diversity	diversity	NOUN
cblr-14251	774	21	track	track	NOUN
cblr-14251	774	22	records	record	NOUN
cblr-14251	774	23	.	.	PUNCT
cblr-14251	775	1	imagine	imagine	VERB
cblr-14251	775	2	,	,	PUNCT
cblr-14251	775	3	additionally	additionally	ADV
cblr-14251	775	4	,	,	PUNCT
cblr-14251	775	5	that	that	SCONJ
cblr-14251	775	6	at	at	ADP
cblr-14251	775	7	the	the	DET
cblr-14251	775	8	time	time	NOUN
cblr-14251	775	9	this	this	DET
cblr-14251	775	10	report	report	NOUN
cblr-14251	775	11	is	be	AUX
cblr-14251	775	12	published	publish	VERB
cblr-14251	775	13	,	,	PUNCT
cblr-14251	775	14	other	other	ADJ
cblr-14251	775	15	publicly	publicly	ADV
cblr-14251	775	16	available	available	ADJ
cblr-14251	775	17	information	information	NOUN
cblr-14251	775	18	indicates	indicate	VERB
cblr-14251	775	19	that	that	SCONJ
cblr-14251	775	20	the	the	DET
cblr-14251	775	21	company	company	NOUN
cblr-14251	775	22	has	have	AUX
cblr-14251	775	23	met	meet	VERB
cblr-14251	775	24	and	and	CCONJ
cblr-14251	775	25	exceeded	exceed	VERB
cblr-14251	775	26	industry	industry	NOUN
cblr-14251	775	27	-	-	PUNCT
cblr-14251	775	28	wide	wide	ADJ
cblr-14251	775	29	diversity	diversity	NOUN
cblr-14251	775	30	metrics	metric	NOUN
cblr-14251	775	31	.	.	PUNCT
cblr-14251	776	1	yet	yet	CCONJ
cblr-14251	776	2	the	the	DET
cblr-14251	776	3	short	short	ADJ
cblr-14251	776	4	seller	seller	NOUN
cblr-14251	776	5	’s	’s	PART
cblr-14251	776	6	influence	influence	NOUN
cblr-14251	776	7	is	be	AUX
cblr-14251	776	8	great	great	ADJ
cblr-14251	776	9	enough	enough	ADV
cblr-14251	776	10	that	that	SCONJ
cblr-14251	776	11	their	their	PRON
cblr-14251	776	12	report	report	NOUN
cblr-14251	776	13	leads	lead	VERB
cblr-14251	776	14	to	to	ADP
cblr-14251	776	15	a	a	DET
cblr-14251	776	16	small	small	ADJ
cblr-14251	776	17	depression	depression	NOUN
cblr-14251	776	18	in	in	ADP
cblr-14251	776	19	the	the	DET
cblr-14251	776	20	company	company	NOUN
cblr-14251	776	21	’s	’s	PART
cblr-14251	776	22	stock	stock	NOUN
cblr-14251	776	23	price	price	NOUN
cblr-14251	776	24	.	.	PUNCT
cblr-14251	777	1	due	due	ADP
cblr-14251	777	2	to	to	ADP
cblr-14251	777	3	the	the	DET
cblr-14251	777	4	short	short	ADJ
cblr-14251	777	5	seller	seller	NOUN
cblr-14251	777	6	’s	’s	PART
cblr-14251	777	7	social	social	ADJ
cblr-14251	777	8	media	medium	NOUN
cblr-14251	777	9	influence	influence	NOUN
cblr-14251	777	10	,	,	PUNCT
cblr-14251	777	11	investors	investor	NOUN
cblr-14251	777	12	ignore	ignore	VERB
cblr-14251	777	13	other	other	ADJ
cblr-14251	777	14	publicly	publicly	ADV
cblr-14251	777	15	available	available	ADJ
cblr-14251	777	16	information	information	NOUN
cblr-14251	777	17	indicating	indicate	VERB
cblr-14251	777	18	that	that	SCONJ
cblr-14251	777	19	the	the	DET
cblr-14251	777	20	company	company	NOUN
cblr-14251	777	21	has	have	AUX
cblr-14251	777	22	met	meet	VERB
cblr-14251	777	23	and	and	CCONJ
cblr-14251	777	24	exceeded	exceed	VERB
cblr-14251	777	25	industrywide	industrywide	ADJ
cblr-14251	777	26	diversity	diversity	NOUN
cblr-14251	777	27	metrics	metric	NOUN
cblr-14251	777	28	.	.	PUNCT
cblr-14251	778	1	depending	depend	VERB
cblr-14251	778	2	on	on	ADP
cblr-14251	778	3	the	the	DET
cblr-14251	778	4	particular	particular	ADJ
cblr-14251	778	5	application	application	NOUN
cblr-14251	778	6	of	of	ADP
cblr-14251	778	7	the	the	DET
cblr-14251	778	8	materiality	materiality	NOUN
cblr-14251	778	9	doctrine	doctrine	NOUN
cblr-14251	778	10	,	,	PUNCT
cblr-14251	778	11	a	a	DET
cblr-14251	778	12	court	court	NOUN
cblr-14251	778	13	might	might	AUX
cblr-14251	778	14	rule	rule	VERB
cblr-14251	778	15	the	the	DET
cblr-14251	778	16	statement	statement	NOUN
cblr-14251	778	17	immaterial	immaterial	ADJ
cblr-14251	778	18	due	due	ADP
cblr-14251	778	19	to	to	ADP
cblr-14251	778	20	triviality	triviality	NOUN
cblr-14251	778	21	or	or	CCONJ
cblr-14251	778	22	due	due	ADP
cblr-14251	778	23	to	to	ADP
cblr-14251	778	24	the	the	DET
cblr-14251	778	25	existence	existence	NOUN
cblr-14251	778	26	of	of	ADP
cblr-14251	778	27	other	other	ADJ
cblr-14251	778	28	publicly	publicly	ADV
cblr-14251	778	29	available	available	ADJ
cblr-14251	778	30	facts	fact	NOUN
cblr-14251	778	31	at	at	ADP
cblr-14251	778	32	the	the	DET
cblr-14251	778	33	time	time	NOUN
cblr-14251	778	34	.	.	PUNCT
cblr-14251	779	1	however	however	ADV
cblr-14251	779	2	,	,	PUNCT
cblr-14251	779	3	doing	do	VERB
cblr-14251	779	4	so	so	ADV
cblr-14251	779	5	would	would	AUX
cblr-14251	779	6	deny	deny	VERB
cblr-14251	779	7	recovery	recovery	NOUN
cblr-14251	779	8	to	to	ADP
cblr-14251	779	9	investors	investor	NOUN
cblr-14251	779	10	who	who	PRON
cblr-14251	779	11	,	,	PUNCT
cblr-14251	779	12	arguably	arguably	ADV
cblr-14251	779	13	,	,	PUNCT
cblr-14251	779	14	reasonably	reasonably	ADV
cblr-14251	779	15	believed	believe	VERB
cblr-14251	779	16	the	the	DET
cblr-14251	779	17	short	short	ADJ
cblr-14251	779	18	seller	seller	NOUN
cblr-14251	779	19	’s	’s	PART
cblr-14251	779	20	report	report	NOUN
cblr-14251	779	21	to	to	PART
cblr-14251	779	22	have	have	AUX
cblr-14251	779	23	“	"	PUNCT
cblr-14251	779	24	altered	alter	VERB
cblr-14251	779	25	the	the	DET
cblr-14251	779	26	total	total	ADJ
cblr-14251	779	27	mix	mix	NOUN
cblr-14251	779	28	of	of	ADP
cblr-14251	779	29	information	information	NOUN
cblr-14251	779	30	.	.	PUNCT
cblr-14251	780	1	”190	”190	VERB
cblr-14251	780	2	given	give	VERB
cblr-14251	780	3	the	the	DET
cblr-14251	780	4	short	short	ADJ
cblr-14251	780	5	seller	seller	NOUN
cblr-14251	780	6	’s	’s	PART
cblr-14251	780	7	social	social	ADJ
cblr-14251	780	8	media	medium	NOUN
cblr-14251	780	9	presence	presence	NOUN
cblr-14251	780	10	,	,	PUNCT
cblr-14251	780	11	such	such	ADJ
cblr-14251	780	12	investors	investor	NOUN
cblr-14251	780	13	might	might	AUX
cblr-14251	780	14	also	also	ADV
cblr-14251	780	15	be	be	AUX
cblr-14251	780	16	more	more	ADV
cblr-14251	780	17	likely	likely	ADJ
cblr-14251	780	18	to	to	PART
cblr-14251	780	19	be	be	AUX
cblr-14251	780	20	retail	retail	ADJ
cblr-14251	780	21	investors	investor	NOUN
cblr-14251	780	22	.	.	PUNCT
cblr-14251	781	1	other	other	ADJ
cblr-14251	781	2	examples	example	NOUN
cblr-14251	781	3	abound	abound	VERB
cblr-14251	781	4	.	.	PUNCT
cblr-14251	782	1	recall	recall	VERB
cblr-14251	782	2	the	the	DET
cblr-14251	782	3	hypothetical	hypothetical	ADJ
cblr-14251	782	4	company	company	NOUN
cblr-14251	782	5	of	of	ADP
cblr-14251	782	6	nostalgiable	nostalgiable	PROPN
cblr-14251	782	7	.	.	PUNCT
cblr-14251	783	1	is	be	AUX
cblr-14251	783	2	the	the	DET
cblr-14251	783	3	portion	portion	NOUN
cblr-14251	783	4	of	of	ADP
cblr-14251	783	5	recycled	recycled	ADJ
cblr-14251	783	6	content	content	NOUN
cblr-14251	783	7	in	in	ADP
cblr-14251	783	8	the	the	DET
cblr-14251	783	9	company	company	NOUN
cblr-14251	783	10	’s	’s	PART
cblr-14251	783	11	products	product	NOUN
cblr-14251	783	12	material	material	NOUN
cblr-14251	783	13	to	to	ADP
cblr-14251	783	14	the	the	DET
cblr-14251	783	15	reasonable	reasonable	ADJ
cblr-14251	783	16	investor	investor	NOUN
cblr-14251	783	17	?	?	PUNCT
cblr-14251	784	1	consider	consider	VERB
cblr-14251	784	2	another	another	DET
cblr-14251	784	3	example	example	NOUN
cblr-14251	784	4	where	where	SCONJ
cblr-14251	784	5	a	a	DET
cblr-14251	784	6	prominent	prominent	ADJ
cblr-14251	784	7	celebrity	celebrity	NOUN
cblr-14251	784	8	says	say	VERB
cblr-14251	784	9	“	"	PUNCT
cblr-14251	784	10	i	i	PRON
cblr-14251	784	11	like	like	VERB
cblr-14251	784	12	costco	costco	NOUN
cblr-14251	785	1	and	and	CCONJ
cblr-14251	786	1	i	i	PRON
cblr-14251	786	2	like	like	VERB
cblr-14251	786	3	costco	costco	PROPN
cblr-14251	786	4	’s	’s	PART
cblr-14251	786	5	stock	stock	NOUN
cblr-14251	786	6	”	"	PUNCT
cblr-14251	786	7	on	on	ADP
cblr-14251	786	8	his	his	PRON
cblr-14251	786	9	social	social	ADJ
cblr-14251	786	10	media	medium	NOUN
cblr-14251	786	11	.	.	PUNCT
cblr-14251	787	1	assume	assume	VERB
cblr-14251	787	2	that	that	SCONJ
cblr-14251	787	3	the	the	DET
cblr-14251	787	4	celebrity	celebrity	NOUN
cblr-14251	787	5	is	be	AUX
cblr-14251	787	6	telling	tell	VERB
cblr-14251	787	7	the	the	DET
cblr-14251	787	8	truth	truth	NOUN
cblr-14251	787	9	—	—	PUNCT
cblr-14251	787	10	he	he	PRON
cblr-14251	787	11	does	do	AUX
cblr-14251	787	12	like	like	ADP
cblr-14251	787	13	costco	costco	PROPN
cblr-14251	787	14	’s	’s	PART
cblr-14251	787	15	stock	stock	NOUN
cblr-14251	787	16	.	.	PUNCT
cblr-14251	788	1	is	be	AUX
cblr-14251	788	2	this	this	DET
cblr-14251	788	3	material	material	NOUN
cblr-14251	788	4	?	?	PUNCT
cblr-14251	789	1	material	material	NOUN
cblr-14251	789	2	only	only	ADV
cblr-14251	789	3	to	to	ADP
cblr-14251	789	4	a	a	DET
cblr-14251	789	5	subset	subset	NOUN
cblr-14251	789	6	of	of	ADP
cblr-14251	789	7	investors	investor	NOUN
cblr-14251	789	8	who	who	PRON
cblr-14251	789	9	follow	follow	VERB
cblr-14251	789	10	the	the	DET
cblr-14251	789	11	celebrity	celebrity	NOUN
cblr-14251	789	12	?	?	PUNCT
cblr-14251	790	1	imagine	imagine	VERB
cblr-14251	790	2	a	a	DET
cblr-14251	790	3	finfluencer	finfluencer	NOUN
cblr-14251	790	4	who	who	PRON
cblr-14251	790	5	tells	tell	VERB
cblr-14251	790	6	a	a	DET
cblr-14251	790	7	lie	lie	NOUN
cblr-14251	790	8	,	,	PUNCT
cblr-14251	790	9	stating	state	VERB
cblr-14251	790	10	that	that	SCONJ
cblr-14251	790	11	a	a	DET
cblr-14251	790	12	company	company	NOUN
cblr-14251	790	13	’s	’s	PART
cblr-14251	790	14	ceo	ceo	NOUN
cblr-14251	790	15	is	be	AUX
cblr-14251	790	16	dating	date	VERB
cblr-14251	790	17	taylor	taylor	PROPN
cblr-14251	790	18	swift	swift	NOUN
cblr-14251	790	19	.	.	PUNCT
cblr-14251	791	1	for	for	ADP
cblr-14251	791	2	various	various	ADJ
cblr-14251	791	3	reasons	reason	NOUN
cblr-14251	791	4	,	,	PUNCT
cblr-14251	791	5	the	the	DET
cblr-14251	791	6	lie	lie	NOUN
cblr-14251	791	7	appears	appear	VERB
cblr-14251	791	8	plausible	plausible	ADJ
cblr-14251	791	9	.	.	PUNCT
cblr-14251	792	1	taylor	taylor	PROPN
cblr-14251	792	2	swift	swift	PROPN
cblr-14251	792	3	’s	’s	PART
cblr-14251	792	4	many	many	ADJ
cblr-14251	792	5	fans	fan	NOUN
cblr-14251	792	6	rush	rush	VERB
cblr-14251	792	7	to	to	PART
cblr-14251	792	8	buy	buy	VERB
cblr-14251	792	9	the	the	DET
cblr-14251	792	10	stock	stock	NOUN
cblr-14251	792	11	,	,	PUNCT
cblr-14251	792	12	inflating	inflate	VERB
cblr-14251	792	13	its	its	PRON
cblr-14251	792	14	price	price	NOUN
cblr-14251	792	15	.	.	PUNCT
cblr-14251	793	1	evidence	evidence	NOUN
cblr-14251	793	2	emerges	emerge	VERB
cblr-14251	793	3	that	that	SCONJ
cblr-14251	793	4	swift	swift	NOUN
cblr-14251	793	5	is	be	AUX
cblr-14251	793	6	in	in	ADP
cblr-14251	793	7	fact	fact	NOUN
cblr-14251	793	8	not	not	PART
cblr-14251	793	9	dating	date	VERB
cblr-14251	793	10	the	the	DET
cblr-14251	793	11	ceo	ceo	NOUN
cblr-14251	793	12	,	,	PUNCT
cblr-14251	793	13	and	and	CCONJ
cblr-14251	793	14	the	the	DET
cblr-14251	793	15	stock	stock	NOUN
cblr-14251	793	16	price	price	NOUN
cblr-14251	793	17	plummets	plummet	NOUN
cblr-14251	793	18	.	.	PUNCT
cblr-14251	794	1	yet	yet	CCONJ
cblr-14251	794	2	despite	despite	SCONJ
cblr-14251	794	3	the	the	DET
cblr-14251	794	4	statement	statement	NOUN
cblr-14251	794	5	being	be	AUX
cblr-14251	794	6	190	190	NUM
cblr-14251	794	7	tsc	tsc	PROPN
cblr-14251	794	8	indus	indus	PROPN
cblr-14251	794	9	.	.	PROPN
cblr-14251	794	10	,	,	PUNCT
cblr-14251	794	11	inc	inc	PROPN
cblr-14251	794	12	.	.	PROPN
cblr-14251	794	13	v.	v.	PROPN
cblr-14251	794	14	northway	northway	PROPN
cblr-14251	794	15	,	,	PUNCT
cblr-14251	794	16	inc	inc	PROPN
cblr-14251	794	17	.	.	PROPN
cblr-14251	794	18	,	,	PUNCT
cblr-14251	794	19	426	426	NUM
cblr-14251	794	20	u.s	u.s	PROPN
cblr-14251	794	21	.	.	PROPN
cblr-14251	794	22	438	438	NUM
cblr-14251	794	23	,	,	PUNCT
cblr-14251	794	24	449	449	NUM
cblr-14251	794	25	(	(	PUNCT
cblr-14251	794	26	1976	1976	NUM
cblr-14251	794	27	)	)	PUNCT
cblr-14251	794	28	.	.	PUNCT
cblr-14251	795	1	no	no	INTJ
cblr-14251	795	2	.	.	NOUN
cblr-14251	795	3	1	1	NUM
cblr-14251	795	4	]	]	PUNCT
cblr-14251	795	5	securities	security	NOUN
cblr-14251	795	6	fraud	fraud	NOUN
cblr-14251	795	7	and	and	CCONJ
cblr-14251	795	8	the	the	DET
cblr-14251	795	9	market	market	NOUN
cblr-14251	795	10	for	for	ADP
cblr-14251	795	11	individual	individual	ADJ
cblr-14251	795	12	stocks	stock	NOUN
cblr-14251	795	13	281	281	NUM
cblr-14251	795	14	objectively	objectively	ADV
cblr-14251	795	15	false	false	ADJ
cblr-14251	795	16	,	,	PUNCT
cblr-14251	795	17	the	the	DET
cblr-14251	795	18	question	question	NOUN
cblr-14251	795	19	of	of	ADP
cblr-14251	795	20	materiality	materiality	NOUN
cblr-14251	795	21	remains	remain	VERB
cblr-14251	795	22	:	:	PUNCT
cblr-14251	795	23	is	be	AUX
cblr-14251	795	24	the	the	DET
cblr-14251	795	25	ceo	ceo	NOUN
cblr-14251	795	26	’s	’s	PART
cblr-14251	795	27	(	(	PUNCT
cblr-14251	795	28	fabricated	fabricate	VERB
cblr-14251	795	29	)	)	PUNCT
cblr-14251	795	30	relationship	relationship	NOUN
cblr-14251	795	31	with	with	ADP
cblr-14251	795	32	swift	swift	ADJ
cblr-14251	795	33	material	material	NOUN
cblr-14251	795	34	?	?	PUNCT
cblr-14251	796	1	if	if	SCONJ
cblr-14251	796	2	not	not	PART
cblr-14251	796	3	,	,	PUNCT
cblr-14251	796	4	there	there	PRON
cblr-14251	796	5	would	would	AUX
cblr-14251	796	6	presumably	presumably	ADV
cblr-14251	796	7	be	be	AUX
cblr-14251	796	8	no	no	DET
cblr-14251	796	9	recourse	recourse	NOUN
cblr-14251	796	10	for	for	ADP
cblr-14251	796	11	swift	swift	ADJ
cblr-14251	796	12	’s	’s	PART
cblr-14251	796	13	fans	fan	NOUN
cblr-14251	796	14	who	who	PRON
cblr-14251	796	15	bought	buy	VERB
cblr-14251	796	16	the	the	DET
cblr-14251	796	17	stock	stock	NOUN
cblr-14251	796	18	,	,	PUNCT
cblr-14251	796	19	even	even	ADV
cblr-14251	796	20	though	though	SCONJ
cblr-14251	796	21	they	they	PRON
cblr-14251	796	22	suffered	suffer	VERB
cblr-14251	796	23	financial	financial	ADJ
cblr-14251	796	24	harm	harm	NOUN
cblr-14251	796	25	.	.	PUNCT
cblr-14251	797	1	as	as	SCONJ
cblr-14251	797	2	one	one	NUM
cblr-14251	797	3	commentator	commentator	NOUN
cblr-14251	797	4	has	have	AUX
cblr-14251	797	5	stated	state	VERB
cblr-14251	797	6	,	,	PUNCT
cblr-14251	797	7	“	"	PUNCT
cblr-14251	797	8	[	[	X
cblr-14251	797	9	i]s	i]s	VERB
cblr-14251	797	10	the	the	DET
cblr-14251	797	11	test	test	NOUN
cblr-14251	797	12	for	for	ADP
cblr-14251	797	13	materiality	materiality	NOUN
cblr-14251	797	14	satisfied	satisfy	VERB
cblr-14251	797	15	in	in	ADP
cblr-14251	797	16	cases	case	NOUN
cblr-14251	797	17	where	where	SCONJ
cblr-14251	797	18	market	market	NOUN
cblr-14251	797	19	participants	participant	NOUN
cblr-14251	797	20	seemingly	seemingly	ADV
cblr-14251	797	21	respond	respond	VERB
cblr-14251	797	22	in	in	ADP
cblr-14251	797	23	a	a	DET
cblr-14251	797	24	heuristic	heuristic	ADJ
cblr-14251	797	25	fashion	fashion	NOUN
cblr-14251	797	26	to	to	ADP
cblr-14251	797	27	a	a	DET
cblr-14251	797	28	falsehood	falsehood	NOUN
cblr-14251	797	29	by	by	ADP
cblr-14251	797	30	defendants	defendant	NOUN
cblr-14251	797	31	?	?	PUNCT
cblr-14251	798	1	if	if	SCONJ
cblr-14251	798	2	not	not	PART
cblr-14251	798	3	,	,	PUNCT
cblr-14251	798	4	a	a	DET
cblr-14251	798	5	powerful	powerful	ADJ
cblr-14251	798	6	defense	defense	NOUN
cblr-14251	798	7	is	be	AUX
cblr-14251	798	8	created	create	VERB
cblr-14251	798	9	.	.	PUNCT
cblr-14251	799	1	if	if	SCONJ
cblr-14251	799	2	something	something	PRON
cblr-14251	799	3	is	be	AUX
cblr-14251	799	4	immaterial	immaterial	ADJ
cblr-14251	799	5	,	,	PUNCT
cblr-14251	799	6	people	people	NOUN
cblr-14251	799	7	are	be	AUX
cblr-14251	799	8	free	free	ADJ
cblr-14251	799	9	to	to	PART
cblr-14251	799	10	lie	lie	VERB
cblr-14251	799	11	about	about	ADP
cblr-14251	799	12	it	it	PRON
cblr-14251	799	13	without	without	ADP
cblr-14251	799	14	any	any	DET
cblr-14251	799	15	liability	liability	NOUN
cblr-14251	799	16	at	at	ADV
cblr-14251	799	17	all	all	ADV
cblr-14251	799	18	.	.	PUNCT
cblr-14251	799	19	”191	”191	PUNCT
cblr-14251	799	20	finally	finally	ADV
cblr-14251	799	21	,	,	PUNCT
cblr-14251	799	22	recall	recall	VERB
cblr-14251	799	23	the	the	DET
cblr-14251	799	24	example	example	NOUN
cblr-14251	799	25	of	of	ADP
cblr-14251	799	26	ryan	ryan	PROPN
cblr-14251	799	27	cohen	cohen	PROPN
cblr-14251	799	28	and	and	CCONJ
cblr-14251	799	29	his	his	PRON
cblr-14251	799	30	moon	moon	NOUN
cblr-14251	799	31	emoji	emoji	PROPN
cblr-14251	799	32	tweet	tweet	PROPN
cblr-14251	799	33	.	.	PUNCT
cblr-14251	800	1	in	in	ADP
cblr-14251	800	2	other	other	ADJ
cblr-14251	800	3	work	work	NOUN
cblr-14251	800	4	,	,	PUNCT
cblr-14251	800	5	i	i	PRON
cblr-14251	800	6	have	have	AUX
cblr-14251	800	7	analyzed	analyze	VERB
cblr-14251	800	8	cohen	cohen	PROPN
cblr-14251	800	9	’s	’s	PART
cblr-14251	800	10	tweet	tweet	PROPN
cblr-14251	800	11	visà	visà	ADV
cblr-14251	800	12	-	-	PUNCT
cblr-14251	800	13	vis	vis	X
cblr-14251	800	14	the	the	DET
cblr-14251	800	15	materiality	materiality	NOUN
cblr-14251	800	16	doctrine	doctrine	NOUN
cblr-14251	800	17	more	more	ADJ
cblr-14251	800	18	fully.192	fully.192	NOUN
cblr-14251	800	19	there	there	ADV
cblr-14251	800	20	,	,	PUNCT
cblr-14251	800	21	i	i	PRON
cblr-14251	800	22	argued	argue	VERB
cblr-14251	800	23	that	that	SCONJ
cblr-14251	800	24	the	the	DET
cblr-14251	800	25	materiality	materiality	NOUN
cblr-14251	800	26	of	of	ADP
cblr-14251	800	27	cohen	cohen	PROPN
cblr-14251	800	28	’s	’s	PART
cblr-14251	800	29	tweet	tweet	NOUN
cblr-14251	800	30	from	from	ADP
cblr-14251	800	31	the	the	DET
cblr-14251	800	32	perspective	perspective	NOUN
cblr-14251	800	33	of	of	ADP
cblr-14251	800	34	a	a	DET
cblr-14251	800	35	reasonable	reasonable	ADJ
cblr-14251	800	36	rational	rational	ADJ
cblr-14251	800	37	investor	investor	NOUN
cblr-14251	800	38	might	might	AUX
cblr-14251	800	39	yield	yield	VERB
cblr-14251	800	40	a	a	DET
cblr-14251	800	41	very	very	ADV
cblr-14251	800	42	different	different	ADJ
cblr-14251	800	43	result	result	NOUN
cblr-14251	800	44	from	from	ADP
cblr-14251	800	45	the	the	DET
cblr-14251	800	46	perspective	perspective	NOUN
cblr-14251	800	47	of	of	ADP
cblr-14251	800	48	a	a	DET
cblr-14251	800	49	reasonable	reasonable	ADJ
cblr-14251	800	50	investor	investor	NOUN
cblr-14251	800	51	who	who	PRON
cblr-14251	800	52	invests	invest	VERB
cblr-14251	800	53	based	base	VERB
cblr-14251	800	54	on	on	ADP
cblr-14251	800	55	personal	personal	ADJ
cblr-14251	800	56	utility	utility	NOUN
cblr-14251	800	57	as	as	ADV
cblr-14251	800	58	well	well	ADV
cblr-14251	800	59	as	as	ADP
cblr-14251	800	60	cohen	cohen	PROPN
cblr-14251	800	61	’s	’s	PART
cblr-14251	800	62	identity	identity	NOUN
cblr-14251	800	63	—	—	PUNCT
cblr-14251	800	64	what	what	PRON
cblr-14251	800	65	i	i	PRON
cblr-14251	800	66	have	have	AUX
cblr-14251	800	67	called	call	VERB
cblr-14251	800	68	a	a	DET
cblr-14251	800	69	reasonable	reasonable	ADJ
cblr-14251	800	70	retail	retail	NOUN
cblr-14251	800	71	investor.193	investor.193	NOUN
cblr-14251	800	72	the	the	DET
cblr-14251	800	73	reasonable	reasonable	ADJ
cblr-14251	800	74	rational	rational	ADJ
cblr-14251	800	75	investor	investor	NOUN
cblr-14251	800	76	might	might	AUX
cblr-14251	800	77	easily	easily	ADV
cblr-14251	800	78	dismiss	dismiss	VERB
cblr-14251	800	79	the	the	DET
cblr-14251	800	80	significance	significance	NOUN
cblr-14251	800	81	of	of	ADP
cblr-14251	800	82	cohen	cohen	PROPN
cblr-14251	800	83	’s	’s	PART
cblr-14251	800	84	tweet	tweet	NOUN
cblr-14251	800	85	;	;	PUNCT
cblr-14251	800	86	the	the	DET
cblr-14251	800	87	reasonable	reasonable	ADJ
cblr-14251	800	88	retail	retail	ADJ
cblr-14251	800	89	investor	investor	NOUN
cblr-14251	800	90	is	be	AUX
cblr-14251	800	91	far	far	ADV
cblr-14251	800	92	less	less	ADV
cblr-14251	800	93	likely	likely	ADJ
cblr-14251	800	94	to	to	PART
cblr-14251	800	95	do	do	VERB
cblr-14251	800	96	so	so	ADV
cblr-14251	800	97	.	.	PUNCT
cblr-14251	801	1	the	the	DET
cblr-14251	801	2	court	court	NOUN
cblr-14251	801	3	in	in	ADP
cblr-14251	801	4	in	in	ADP
cblr-14251	801	5	re	re	NOUN
cblr-14251	801	6	bed	bed	NOUN
cblr-14251	801	7	bath	bath	NOUN
cblr-14251	801	8	and	and	CCONJ
cblr-14251	801	9	beyond	beyond	ADP
cblr-14251	801	10	effectively	effectively	ADV
cblr-14251	801	11	acknowledged	acknowledge	VERB
cblr-14251	801	12	this	this	PRON
cblr-14251	801	13	by	by	ADP
cblr-14251	801	14	highlighting	highlight	VERB
cblr-14251	801	15	cohen	cohen	PROPN
cblr-14251	801	16	’s	’s	PART
cblr-14251	801	17	particular	particular	ADJ
cblr-14251	801	18	relationship	relationship	NOUN
cblr-14251	801	19	with	with	ADP
cblr-14251	801	20	his	his	PRON
cblr-14251	801	21	followers	follower	NOUN
cblr-14251	801	22	.	.	PUNCT
cblr-14251	802	1	the	the	DET
cblr-14251	802	2	court	court	NOUN
cblr-14251	802	3	stated	state	VERB
cblr-14251	802	4	,	,	PUNCT
cblr-14251	802	5	“	"	PUNCT
cblr-14251	802	6	[	[	X
cblr-14251	802	7	i]nvestors	i]nvestor	NOUN
cblr-14251	802	8	may	may	AUX
cblr-14251	802	9	have	have	AUX
cblr-14251	802	10	reasonably	reasonably	ADV
cblr-14251	802	11	seen	see	VERB
cblr-14251	802	12	cohen	cohen	NOUN
cblr-14251	802	13	as	as	ADP
cblr-14251	802	14	an	an	DET
cblr-14251	802	15	insider	insider	NOUN
cblr-14251	802	16	sympathetic	sympathetic	NOUN
cblr-14251	802	17	to	to	ADP
cblr-14251	802	18	the	the	DET
cblr-14251	802	19	little	little	ADJ
cblr-14251	802	20	guy	guy	NOUN
cblr-14251	802	21	’s	’s	PART
cblr-14251	802	22	cause	cause	NOUN
cblr-14251	802	23	:	:	PUNCT
cblr-14251	802	24	he	he	PRON
cblr-14251	802	25	interacted	interact	VERB
cblr-14251	802	26	with	with	ADP
cblr-14251	802	27	his	his	PRON
cblr-14251	802	28	followers	follower	NOUN
cblr-14251	802	29	on	on	ADP
cblr-14251	802	30	twitter	twitter	NOUN
cblr-14251	802	31	.	.	PUNCT
cblr-14251	803	1	he	he	PRON
cblr-14251	803	2	appeared	appear	VERB
cblr-14251	803	3	to	to	PART
cblr-14251	803	4	speak	speak	VERB
cblr-14251	803	5	truth	truth	NOUN
cblr-14251	803	6	to	to	ADP
cblr-14251	803	7	power	power	NOUN
cblr-14251	803	8	,	,	PUNCT
cblr-14251	803	9	191	191	NUM
cblr-14251	803	10	langevoort	langevoort	NOUN
cblr-14251	803	11	,	,	PUNCT
cblr-14251	803	12	supra	supra	PROPN
cblr-14251	803	13	note	note	PROPN
cblr-14251	803	14	119	119	NUM
cblr-14251	803	15	,	,	PUNCT
cblr-14251	803	16	at	at	ADP
cblr-14251	803	17	184	184	NUM
cblr-14251	803	18	.	.	PUNCT
cblr-14251	804	1	back	back	ADV
cblr-14251	804	2	in	in	ADP
cblr-14251	804	3	2000	2000	NUM
cblr-14251	804	4	,	,	PUNCT
cblr-14251	804	5	the	the	DET
cblr-14251	804	6	sec	sec	PROPN
cblr-14251	804	7	settled	settle	VERB
cblr-14251	804	8	a	a	DET
cblr-14251	804	9	market	market	NOUN
cblr-14251	804	10	manipulation	manipulation	NOUN
cblr-14251	804	11	case	case	NOUN
cblr-14251	804	12	with	with	ADP
cblr-14251	804	13	15	15	NUM
cblr-14251	804	14	-	-	PUNCT
cblr-14251	804	15	year	year	NOUN
cblr-14251	804	16	old	old	ADJ
cblr-14251	804	17	jonathan	jonathan	PROPN
cblr-14251	804	18	lebed	lebe	VERB
cblr-14251	804	19	after	after	SCONJ
cblr-14251	804	20	he	he	PRON
cblr-14251	804	21	promoted	promote	VERB
cblr-14251	804	22	thinly	thinly	ADV
cblr-14251	804	23	-	-	PUNCT
cblr-14251	804	24	traded	trade	VERB
cblr-14251	804	25	microcap	microcap	NOUN
cblr-14251	804	26	stocks	stock	NOUN
cblr-14251	804	27	on	on	ADP
cblr-14251	804	28	yahoo	yahoo	PROPN
cblr-14251	804	29	!	!	PUNCT
cblr-14251	804	30	finance	finance	NOUN
cblr-14251	804	31	message	message	NOUN
cblr-14251	804	32	boards	board	NOUN
cblr-14251	804	33	(	(	PUNCT
cblr-14251	804	34	and	and	CCONJ
cblr-14251	804	35	sold	sell	VERB
cblr-14251	804	36	those	those	DET
cblr-14251	804	37	stocks	stock	NOUN
cblr-14251	804	38	at	at	ADP
cblr-14251	804	39	a	a	DET
cblr-14251	804	40	profit	profit	NOUN
cblr-14251	804	41	)	)	PUNCT
cblr-14251	804	42	.	.	PUNCT
cblr-14251	805	1	lebed	lebed	PROPN
cblr-14251	805	2	was	be	AUX
cblr-14251	805	3	able	able	ADJ
cblr-14251	805	4	to	to	PART
cblr-14251	805	5	generate	generate	VERB
cblr-14251	805	6	more	more	ADJ
cblr-14251	805	7	interest	interest	NOUN
cblr-14251	805	8	by	by	ADP
cblr-14251	805	9	using	use	VERB
cblr-14251	805	10	exclamation	exclamation	NOUN
cblr-14251	805	11	marks	mark	NOUN
cblr-14251	805	12	and	and	CCONJ
cblr-14251	805	13	all	all	DET
cblr-14251	805	14	capital	capital	NOUN
cblr-14251	805	15	letters	letter	NOUN
cblr-14251	805	16	.	.	PUNCT
cblr-14251	806	1	significant	significant	ADJ
cblr-14251	806	2	questions	question	NOUN
cblr-14251	806	3	about	about	ADP
cblr-14251	806	4	the	the	DET
cblr-14251	806	5	scope	scope	NOUN
cblr-14251	806	6	of	of	ADP
cblr-14251	806	7	the	the	DET
cblr-14251	806	8	market	market	NOUN
cblr-14251	806	9	manipulation	manipulation	NOUN
cblr-14251	806	10	prohibitions	prohibition	NOUN
cblr-14251	806	11	were	be	AUX
cblr-14251	806	12	raised	raise	VERB
cblr-14251	806	13	as	as	ADP
cblr-14251	806	14	a	a	DET
cblr-14251	806	15	result	result	NOUN
cblr-14251	806	16	.	.	PUNCT
cblr-14251	807	1	see	see	VERB
cblr-14251	807	2	press	press	NOUN
cblr-14251	807	3	release	release	NOUN
cblr-14251	807	4	,	,	PUNCT
cblr-14251	807	5	sec	sec	PROPN
cblr-14251	807	6	,	,	PUNCT
cblr-14251	807	7	sec	sec	PROPN
cblr-14251	807	8	brings	bring	VERB
cblr-14251	807	9	fraud	fraud	NOUN
cblr-14251	807	10	charges	charge	NOUN
cblr-14251	807	11	in	in	ADP
cblr-14251	807	12	internet	internet	NOUN
cblr-14251	807	13	manipulation	manipulation	NOUN
cblr-14251	807	14	scheme	scheme	NOUN
cblr-14251	807	15	(	(	PUNCT
cblr-14251	807	16	sept	sept	PROPN
cblr-14251	807	17	.	.	PROPN
cblr-14251	807	18	20	20	NUM
cblr-14251	807	19	,	,	PUNCT
cblr-14251	807	20	2000	2000	NUM
cblr-14251	807	21	)	)	PUNCT
cblr-14251	807	22	,	,	PUNCT
cblr-14251	807	23	https://www.sec.gov/news/press/2000-135.txt	https://www.sec.gov/news/press/2000-135.txt	PROPN
cblr-14251	808	1	[	[	X
cblr-14251	808	2	https://perma.cc/f4t4-zm8	https://perma.cc/f4t4-zm8	X
cblr-14251	808	3	g	g	NOUN
cblr-14251	808	4	]	]	X
cblr-14251	808	5	;	;	PUNCT
cblr-14251	808	6	michael	michael	PROPN
cblr-14251	808	7	lewis	lewis	PROPN
cblr-14251	808	8	,	,	PUNCT
cblr-14251	808	9	jonathan	jonathan	PROPN
cblr-14251	808	10	lebed	lebed	PROPN
cblr-14251	808	11	’s	’s	PART
cblr-14251	808	12	extracurricular	extracurricular	ADJ
cblr-14251	808	13	activities	activity	NOUN
cblr-14251	808	14	,	,	PUNCT
cblr-14251	808	15	n.y	n.y	PROPN
cblr-14251	808	16	.	.	PROPN
cblr-14251	808	17	times	times	PROPN
cblr-14251	808	18	(	(	PUNCT
cblr-14251	808	19	feb	feb	PROPN
cblr-14251	808	20	.	.	PROPN
cblr-14251	808	21	25	25	NUM
cblr-14251	808	22	,	,	PUNCT
cblr-14251	808	23	2001	2001	NUM
cblr-14251	808	24	)	)	PUNCT
cblr-14251	808	25	,	,	PUNCT
cblr-14251	808	26	https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricularactivities.html	https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricularactivities.html	PROPN
cblr-14251	808	27	.	.	PUNCT
cblr-14251	809	1	192	192	NUM
cblr-14251	809	2	see	see	VERB
cblr-14251	809	3	sue	sue	PROPN
cblr-14251	809	4	s.	s.	PROPN
cblr-14251	809	5	guan	guan	PROPN
cblr-14251	809	6	,	,	PUNCT
cblr-14251	809	7	finfluencers	finfluencer	NOUN
cblr-14251	809	8	and	and	CCONJ
cblr-14251	809	9	the	the	DET
cblr-14251	809	10	reasonable	reasonable	ADJ
cblr-14251	809	11	retail	retail	ADJ
cblr-14251	809	12	investor	investor	NOUN
cblr-14251	809	13	,	,	PUNCT
cblr-14251	809	14	172	172	NUM
cblr-14251	809	15	u.	u.	PROPN
cblr-14251	809	16	penn	penn	PROPN
cblr-14251	809	17	.	.	PUNCT
cblr-14251	810	1	l.	l.	PROPN
cblr-14251	810	2	rev	rev	PROPN
cblr-14251	810	3	.	.	PROPN
cblr-14251	811	1	online	online	PROPN
cblr-14251	811	2	43	43	NUM
cblr-14251	811	3	,	,	PUNCT
cblr-14251	811	4	57	57	NUM
cblr-14251	811	5	(	(	PUNCT
cblr-14251	811	6	2024	2024	NUM
cblr-14251	811	7	)	)	PUNCT
cblr-14251	811	8	.	.	PUNCT
cblr-14251	812	1	193	193	NUM
cblr-14251	812	2	see	see	VERB
cblr-14251	812	3	i	i	PROPN
cblr-14251	812	4	d.	d.	PROPN
cblr-14251	812	5	282	282	NUM
cblr-14251	812	6	columbia	columbia	PROPN
cblr-14251	812	7	business	business	NOUN
cblr-14251	812	8	law	law	PROPN
cblr-14251	812	9	review	review	NOUN
cblr-14251	812	10	[	[	X
cblr-14251	812	11	vol	vol	NOUN
cblr-14251	812	12	.	.	PUNCT
cblr-14251	812	13	2025	2025	NUM
cblr-14251	812	14	criticizing	criticize	VERB
cblr-14251	812	15	‘	'	PUNCT
cblr-14251	812	16	compensation	compensation	NOUN
cblr-14251	812	17	for	for	ADP
cblr-14251	812	18	the	the	DET
cblr-14251	812	19	corporate	corporate	ADJ
cblr-14251	812	20	power	power	NOUN
cblr-14251	812	21	brokers	broker	NOUN
cblr-14251	812	22	[	[	X
cblr-14251	812	23	;	;	PUNCT
cblr-14251	812	24	]	]	PUNCT
cblr-14251	812	25	’	'	PUNCT
cblr-14251	812	26	”	"	PUNCT
cblr-14251	812	27	as	as	ADP
cblr-14251	812	28	a	a	DET
cblr-14251	812	29	result	result	NOUN
cblr-14251	812	30	,	,	PUNCT
cblr-14251	812	31	“	"	PUNCT
cblr-14251	812	32	it	it	PRON
cblr-14251	812	33	was	be	AUX
cblr-14251	812	34	not	not	PART
cblr-14251	812	35	crazy	crazy	ADJ
cblr-14251	812	36	for	for	SCONJ
cblr-14251	812	37	retail	retail	ADJ
cblr-14251	812	38	investors	investor	NOUN
cblr-14251	812	39	to	to	PART
cblr-14251	812	40	follow	follow	VERB
cblr-14251	812	41	his	his	PRON
cblr-14251	812	42	lead	lead	NOUN
cblr-14251	812	43	.	.	PUNCT
cblr-14251	812	44	”194	”194	PUNCT
cblr-14251	813	1	the	the	DET
cblr-14251	813	2	court	court	NOUN
cblr-14251	813	3	acknowledged	acknowledge	VERB
cblr-14251	813	4	“	"	PUNCT
cblr-14251	813	5	the	the	DET
cblr-14251	813	6	meme	meme	NOUN
cblr-14251	813	7	stock	stock	NOUN
cblr-14251	813	8	subculture”195	subculture”195	NOUN
cblr-14251	813	9	that	that	SCONJ
cblr-14251	813	10	“	"	PUNCT
cblr-14251	813	11	understand[s	understand[s	PROPN
cblr-14251	813	12	]	]	PUNCT
cblr-14251	813	13	the	the	DET
cblr-14251	813	14	smiley	smiley	ADJ
cblr-14251	813	15	moon	moon	PROPN
cblr-14251	813	16	emoji	emoji	PROPN
cblr-14251	813	17	to	to	PART
cblr-14251	813	18	mean	mean	VERB
cblr-14251	813	19	‘	'	PUNCT
cblr-14251	813	20	to	to	ADP
cblr-14251	813	21	the	the	DET
cblr-14251	813	22	moon	moon	NOUN
cblr-14251	813	23	’	'	PUNCT
cblr-14251	813	24	or	or	CCONJ
cblr-14251	813	25	‘	'	PUNCT
cblr-14251	813	26	take	take	VERB
cblr-14251	813	27	it	it	PRON
cblr-14251	813	28	to	to	ADP
cblr-14251	813	29	the	the	DET
cblr-14251	813	30	moon,’”196	moon,’”196	NOUN
cblr-14251	813	31	and	and	CCONJ
cblr-14251	813	32	“	"	PUNCT
cblr-14251	813	33	perceiv[es	perceiv[es	PROPN
cblr-14251	813	34	]	]	PUNCT
cblr-14251	814	1	[	[	X
cblr-14251	814	2	it	it	PRON
cblr-14251	814	3	]	]	PUNCT
cblr-14251	814	4	‘	'	PUNCT
cblr-14251	814	5	as	as	ADP
cblr-14251	814	6	a	a	DET
cblr-14251	814	7	rallying	rallying	NOUN
cblr-14251	814	8	cry	cry	NOUN
cblr-14251	814	9	to	to	PART
cblr-14251	814	10	buy	buy	VERB
cblr-14251	814	11	bed	bed	NOUN
cblr-14251	814	12	bath	bath	NOUN
cblr-14251	814	13	’s	’s	PART
cblr-14251	814	14	stock	stock	NOUN
cblr-14251	814	15	,	,	PUNCT
cblr-14251	814	16	’	'	PUNCT
cblr-14251	814	17	even	even	ADV
cblr-14251	814	18	though	though	SCONJ
cblr-14251	814	19	cohen	cohen	PROPN
cblr-14251	814	20	had	have	AUX
cblr-14251	814	21	soured	sour	VERB
cblr-14251	814	22	on	on	ADP
cblr-14251	814	23	bed	bed	NOUN
cblr-14251	814	24	bath	bath	NOUN
cblr-14251	814	25	.	.	PUNCT
cblr-14251	815	1	”197	”197	PUNCT
cblr-14251	815	2	thus	thus	ADV
cblr-14251	815	3	,	,	PUNCT
cblr-14251	815	4	the	the	DET
cblr-14251	815	5	court	court	NOUN
cblr-14251	815	6	determined	determine	VERB
cblr-14251	815	7	that	that	SCONJ
cblr-14251	815	8	the	the	DET
cblr-14251	815	9	meaning	meaning	NOUN
cblr-14251	815	10	was	be	AUX
cblr-14251	815	11	plausibly	plausibly	ADV
cblr-14251	815	12	material	material	ADJ
cblr-14251	815	13	,	,	PUNCT
cblr-14251	815	14	because	because	SCONJ
cblr-14251	815	15	there	there	PRON
cblr-14251	815	16	was	be	VERB
cblr-14251	815	17	a	a	DET
cblr-14251	815	18	“	"	PUNCT
cblr-14251	815	19	substantial	substantial	ADJ
cblr-14251	815	20	likelihood	likelihood	NOUN
cblr-14251	815	21	that	that	SCONJ
cblr-14251	815	22	a	a	DET
cblr-14251	815	23	reasonable	reasonable	ADJ
cblr-14251	815	24	investor	investor	NOUN
cblr-14251	815	25	would	would	AUX
cblr-14251	815	26	consider	consider	VERB
cblr-14251	815	27	it	it	PRON
cblr-14251	815	28	important	important	ADJ
cblr-14251	815	29	.	.	PUNCT
cblr-14251	816	1	”198	”198	ADJ
cblr-14251	816	2	one	one	NUM
cblr-14251	816	3	area	area	NOUN
cblr-14251	816	4	of	of	ADP
cblr-14251	816	5	demand	demand	NOUN
cblr-14251	816	6	-	-	PUNCT
cblr-14251	816	7	driven	drive	VERB
cblr-14251	816	8	investing	investing	NOUN
cblr-14251	816	9	is	be	AUX
cblr-14251	816	10	already	already	ADV
cblr-14251	816	11	understood	understand	VERB
cblr-14251	816	12	,	,	PUNCT
cblr-14251	816	13	at	at	ADP
cblr-14251	816	14	least	least	ADJ
cblr-14251	816	15	in	in	ADP
cblr-14251	816	16	some	some	DET
cblr-14251	816	17	scenarios	scenario	NOUN
cblr-14251	816	18	,	,	PUNCT
cblr-14251	816	19	to	to	PART
cblr-14251	816	20	be	be	AUX
cblr-14251	816	21	material	material	ADJ
cblr-14251	816	22	—	—	PUNCT
cblr-14251	816	23	even	even	ADV
cblr-14251	816	24	without	without	ADP
cblr-14251	816	25	financial	financial	ADJ
cblr-14251	816	26	impact	impact	NOUN
cblr-14251	816	27	:	:	PUNCT
cblr-14251	816	28	esg	esg	NOUN
cblr-14251	816	29	-	-	PUNCT
cblr-14251	816	30	related	relate	VERB
cblr-14251	816	31	information	information	NOUN
cblr-14251	816	32	.	.	PUNCT
cblr-14251	817	1	as	as	SCONJ
cblr-14251	817	2	professor	professor	PROPN
cblr-14251	817	3	joan	joan	PROPN
cblr-14251	817	4	heminway	heminway	PROPN
cblr-14251	817	5	has	have	AUX
cblr-14251	817	6	pointed	point	VERB
cblr-14251	817	7	out	out	ADP
cblr-14251	817	8	,	,	PUNCT
cblr-14251	817	9	“	"	PUNCT
cblr-14251	817	10	esg	esg	NOUN
cblr-14251	817	11	information	information	NOUN
cblr-14251	817	12	may	may	AUX
cblr-14251	817	13	be	be	AUX
cblr-14251	817	14	substantially	substantially	ADV
cblr-14251	817	15	likely	likely	ADJ
cblr-14251	817	16	to	to	PART
cblr-14251	817	17	be	be	AUX
cblr-14251	817	18	important	important	ADJ
cblr-14251	817	19	to	to	ADP
cblr-14251	817	20	the	the	DET
cblr-14251	817	21	reasonable	reasonable	ADJ
cblr-14251	817	22	investor	investor	NOUN
cblr-14251	817	23	or	or	CCONJ
cblr-14251	817	24	be	be	AUX
cblr-14251	817	25	substantially	substantially	ADV
cblr-14251	817	26	likely	likely	ADJ
cblr-14251	817	27	to	to	PART
cblr-14251	817	28	be	be	AUX
cblr-14251	817	29	viewed	view	VERB
cblr-14251	817	30	by	by	ADP
cblr-14251	817	31	the	the	DET
cblr-14251	817	32	reasonable	reasonable	ADJ
cblr-14251	817	33	investor	investor	NOUN
cblr-14251	817	34	as	as	ADP
cblr-14251	817	35	a	a	DET
cblr-14251	817	36	significant	significant	ADJ
cblr-14251	817	37	alteration	alteration	NOUN
cblr-14251	817	38	of	of	ADP
cblr-14251	817	39	the	the	DET
cblr-14251	817	40	total	total	ADJ
cblr-14251	817	41	mix	mix	NOUN
cblr-14251	817	42	of	of	ADP
cblr-14251	817	43	available	available	ADJ
cblr-14251	817	44	information	information	NOUN
cblr-14251	817	45	.	.	PUNCT
cblr-14251	817	46	”199	”199	PROPN
cblr-14251	817	47	in	in	ADP
cblr-14251	817	48	2024	2024	NUM
cblr-14251	817	49	,	,	PUNCT
cblr-14251	817	50	the	the	DET
cblr-14251	817	51	sec	sec	PROPN
cblr-14251	817	52	’s	’s	PART
cblr-14251	817	53	climate	climate	NOUN
cblr-14251	817	54	disclosure	disclosure	NOUN
cblr-14251	817	55	rules	rule	NOUN
cblr-14251	817	56	and	and	CCONJ
cblr-14251	817	57	guidance	guidance	NOUN
cblr-14251	817	58	reaffirmed	reaffirm	VERB
cblr-14251	817	59	the	the	DET
cblr-14251	817	60	fact	fact	NOUN
cblr-14251	817	61	-	-	PUNCT
cblr-14251	817	62	specific	specific	ADJ
cblr-14251	817	63	nature	nature	NOUN
cblr-14251	817	64	of	of	ADP
cblr-14251	817	65	the	the	DET
cblr-14251	817	66	materiality	materiality	NOUN
cblr-14251	817	67	requirement	requirement	NOUN
cblr-14251	817	68	,	,	PUNCT
cblr-14251	817	69	noting	note	VERB
cblr-14251	817	70	that	that	SCONJ
cblr-14251	817	71	it	it	PRON
cblr-14251	817	72	requires	require	VERB
cblr-14251	817	73	“	"	PUNCT
cblr-14251	817	74	both	both	CCONJ
cblr-14251	817	75	quantitative	quantitative	ADJ
cblr-14251	817	76	and	and	CCONJ
cblr-14251	817	77	qualitative	qualitative	ADJ
cblr-14251	817	78	considerations	consideration	NOUN
cblr-14251	817	79	.	.	PUNCT
cblr-14251	818	1	”200	”200	PUNCT
cblr-14251	818	2	specifically	specifically	ADV
cblr-14251	818	3	,	,	PUNCT
cblr-14251	818	4	“	"	PUNCT
cblr-14251	818	5	[	[	X
cblr-14251	818	6	i]n	i]n	NOUN
cblr-14251	818	7	applying	apply	VERB
cblr-14251	818	8	the	the	DET
cblr-14251	818	9	concept	concept	NOUN
cblr-14251	818	10	of	of	ADP
cblr-14251	818	11	materiality	materiality	NOUN
cblr-14251	818	12	,	,	PUNCT
cblr-14251	818	13	auditors	auditor	NOUN
cblr-14251	818	14	should	should	AUX
cblr-14251	818	15	remain	remain	VERB
cblr-14251	818	16	alert	alert	ADJ
cblr-14251	818	17	for	for	ADP
cblr-14251	818	18	misstatements	misstatement	NOUN
cblr-14251	818	19	that	that	PRON
cblr-14251	818	20	could	could	AUX
cblr-14251	818	21	be	be	AUX
cblr-14251	818	22	material	material	NOUN
cblr-14251	818	23	194	194	NUM
cblr-14251	818	24	in	in	ADP
cblr-14251	818	25	re	re	NOUN
cblr-14251	818	26	bed	bed	NOUN
cblr-14251	818	27	bath	bath	NOUN
cblr-14251	818	28	&	&	CCONJ
cblr-14251	818	29	beyond	beyond	ADP
cblr-14251	818	30	corp	corp	PROPN
cblr-14251	818	31	.	.	PROPN
cblr-14251	818	32	sec	sec	PROPN
cblr-14251	818	33	.	.	PROPN
cblr-14251	818	34	litig	litig	PROPN
cblr-14251	818	35	.	.	PUNCT
cblr-14251	819	1	,	,	PUNCT
cblr-14251	819	2	no	no	INTJ
cblr-14251	819	3	.	.	PUNCT
cblr-14251	820	1	1:22	1:22	NUM
cblr-14251	820	2	-	-	PUNCT
cblr-14251	820	3	cv-2541	cv-2541	NOUN
cblr-14251	820	4	,	,	PUNCT
cblr-14251	820	5	2023	2023	NUM
cblr-14251	820	6	wl	wl	NOUN
cblr-14251	820	7	4824734	4824734	NUM
cblr-14251	820	8	,	,	PUNCT
cblr-14251	820	9	at	at	ADP
cblr-14251	820	10	*	*	NOUN
cblr-14251	820	11	12	12	NUM
cblr-14251	820	12	(	(	PUNCT
cblr-14251	820	13	d.d.c	d.d.c	PROPN
cblr-14251	820	14	.	.	PROPN
cblr-14251	820	15	july	july	PROPN
cblr-14251	820	16	27	27	NUM
cblr-14251	820	17	,	,	PUNCT
cblr-14251	820	18	2023	2023	NUM
cblr-14251	820	19	)	)	PUNCT
cblr-14251	820	20	.	.	PUNCT
cblr-14251	821	1	195	195	NUM
cblr-14251	821	2	i	i	NOUN
cblr-14251	821	3	d.	d.	NOUN
cblr-14251	821	4	at	at	ADP
cblr-14251	821	5	*	*	PROPN
cblr-14251	821	6	11	11	NUM
cblr-14251	821	7	.	.	PUNCT
cblr-14251	821	8	196	196	NUM
cblr-14251	822	1	i	i	PRON
cblr-14251	822	2	d.	d.	VERB
cblr-14251	822	3	at	at	ADP
cblr-14251	822	4	*	*	PROPN
cblr-14251	822	5	7	7	NUM
cblr-14251	822	6	.	.	NUM
cblr-14251	822	7	197	197	NUM
cblr-14251	823	1	i	i	PRON
cblr-14251	823	2	d.	d.	VERB
cblr-14251	823	3	at	at	ADP
cblr-14251	823	4	*	*	PROPN
cblr-14251	823	5	11	11	NUM
cblr-14251	823	6	.	.	PUNCT
cblr-14251	824	1	for	for	ADP
cblr-14251	824	2	support	support	NOUN
cblr-14251	824	3	,	,	PUNCT
cblr-14251	824	4	the	the	DET
cblr-14251	824	5	court	court	NOUN
cblr-14251	824	6	cited	cite	VERB
cblr-14251	824	7	to	to	ADP
cblr-14251	824	8	another	another	DET
cblr-14251	824	9	opinion	opinion	NOUN
cblr-14251	824	10	in	in	ADP
cblr-14251	824	11	which	which	PRON
cblr-14251	824	12	the	the	DET
cblr-14251	824	13	southern	southern	ADJ
cblr-14251	824	14	district	district	NOUN
cblr-14251	824	15	of	of	ADP
cblr-14251	824	16	new	new	PROPN
cblr-14251	824	17	york	york	PROPN
cblr-14251	824	18	interpreted	interpret	VERB
cblr-14251	824	19	rocket	rocket	NOUN
cblr-14251	824	20	ship	ship	NOUN
cblr-14251	824	21	emojis	emoji	VERB
cblr-14251	824	22	the	the	DET
cblr-14251	824	23	same	same	ADJ
cblr-14251	824	24	way	way	NOUN
cblr-14251	824	25	.	.	PUNCT
cblr-14251	825	1	i	i	PRON
cblr-14251	825	2	d.	d.	VERB
cblr-14251	825	3	at	at	ADP
cblr-14251	825	4	*	*	NUM
cblr-14251	825	5	11–12	11–12	NUM
cblr-14251	825	6	(	(	PUNCT
cblr-14251	825	7	“	"	PUNCT
cblr-14251	825	8	in	in	ADP
cblr-14251	825	9	the	the	DET
cblr-14251	825	10	meme	meme	NOUN
cblr-14251	825	11	stock	stock	NOUN
cblr-14251	825	12	‘	'	PUNCT
cblr-14251	825	13	subculture	subculture	NOUN
cblr-14251	825	14	,	,	PUNCT
cblr-14251	825	15	’	'	PUNCT
cblr-14251	825	16	moon	moon	NOUN
cblr-14251	825	17	emojis	emoji	NOUN
cblr-14251	825	18	are	be	AUX
cblr-14251	825	19	associated	associate	VERB
cblr-14251	825	20	with	with	ADP
cblr-14251	825	21	the	the	DET
cblr-14251	825	22	phrase	phrase	NOUN
cblr-14251	825	23	‘	'	PUNCT
cblr-14251	825	24	to	to	ADP
cblr-14251	825	25	the	the	DET
cblr-14251	825	26	moon	moon	NOUN
cblr-14251	825	27	,	,	PUNCT
cblr-14251	825	28	’	'	PUNCT
cblr-14251	825	29	which	which	PRON
cblr-14251	825	30	investors	investor	NOUN
cblr-14251	825	31	use	use	VERB
cblr-14251	825	32	to	to	PART
cblr-14251	825	33	indicate	indicate	VERB
cblr-14251	825	34	‘	'	PUNCT
cblr-14251	825	35	that	that	SCONJ
cblr-14251	825	36	a	a	DET
cblr-14251	825	37	stock	stock	NOUN
cblr-14251	825	38	will	will	AUX
cblr-14251	825	39	rise	rise	VERB
cblr-14251	825	40	.	.	PUNCT
cblr-14251	825	41	’	'	PUNCT
cblr-14251	825	42	”	"	PUNCT
cblr-14251	825	43	)	)	PUNCT
cblr-14251	825	44	(	(	PUNCT
cblr-14251	825	45	citing	cite	VERB
cblr-14251	825	46	friel	friel	PROPN
cblr-14251	825	47	v.	v.	ADP
cblr-14251	825	48	dapper	dapper	PROPN
cblr-14251	825	49	labs	labs	PROPN
cblr-14251	825	50	,	,	PUNCT
cblr-14251	825	51	inc	inc	PROPN
cblr-14251	825	52	.	.	PROPN
cblr-14251	825	53	,	,	PUNCT
cblr-14251	825	54	no	no	INTJ
cblr-14251	825	55	.	.	NOUN
cblr-14251	825	56	21	21	NUM
cblr-14251	825	57	-	-	PUNCT
cblr-14251	825	58	cv-5837	cv-5837	NOUN
cblr-14251	825	59	,	,	PUNCT
cblr-14251	825	60	2023	2023	NUM
cblr-14251	825	61	wl	wl	SYM
cblr-14251	825	62	2162747	2162747	NUM
cblr-14251	825	63	,	,	PUNCT
cblr-14251	825	64	at	at	ADP
cblr-14251	825	65	*	*	NUM
cblr-14251	825	66	17	17	NUM
cblr-14251	825	67	(	(	PUNCT
cblr-14251	825	68	s.d.n.y	s.d.n.y	PROPN
cblr-14251	825	69	.	.	PUNCT
cblr-14251	825	70	feb	feb	PROPN
cblr-14251	825	71	.	.	PROPN
cblr-14251	825	72	22	22	NUM
cblr-14251	825	73	,	,	PUNCT
cblr-14251	825	74	2023	2023	NUM
cblr-14251	825	75	)	)	PUNCT
cblr-14251	825	76	)	)	PUNCT
cblr-14251	825	77	.	.	PUNCT
cblr-14251	826	1	198	198	NUM
cblr-14251	827	1	i	i	PRON
cblr-14251	827	2	d.	d.	VERB
cblr-14251	827	3	at	at	ADP
cblr-14251	827	4	*	*	PROPN
cblr-14251	827	5	11	11	NUM
cblr-14251	827	6	.	.	X
cblr-14251	828	1	199	199	NUM
cblr-14251	828	2	joan	joan	PROPN
cblr-14251	828	3	macleod	macleod	PROPN
cblr-14251	828	4	heminway	heminway	PROPN
cblr-14251	828	5	,	,	PUNCT
cblr-14251	828	6	esg	esg	PROPN
cblr-14251	828	7	and	and	CCONJ
cblr-14251	828	8	insider	insider	NOUN
cblr-14251	828	9	trading	trading	NOUN
cblr-14251	828	10	,	,	PUNCT
cblr-14251	828	11	26	26	NUM
cblr-14251	828	12	u.	u.	PROPN
cblr-14251	828	13	penn	penn	PROPN
cblr-14251	828	14	.	.	PUNCT
cblr-14251	829	1	j.	j.	PROPN
cblr-14251	829	2	bus	bus	PROPN
cblr-14251	829	3	.	.	PUNCT
cblr-14251	830	1	l.	l.	PROPN
cblr-14251	830	2	1058	1058	NUM
cblr-14251	830	3	,	,	PUNCT
cblr-14251	830	4	1060	1060	NUM
cblr-14251	830	5	(	(	PUNCT
cblr-14251	830	6	2024	2024	NUM
cblr-14251	830	7	)	)	PUNCT
cblr-14251	830	8	;	;	PUNCT
cblr-14251	830	9	see	see	VERB
cblr-14251	830	10	also	also	ADV
cblr-14251	830	11	joan	joan	PROPN
cblr-14251	830	12	macleod	macleod	PROPN
cblr-14251	830	13	heminway	heminway	PROPN
cblr-14251	830	14	,	,	PUNCT
cblr-14251	830	15	the	the	DET
cblr-14251	830	16	materiality	materiality	NOUN
cblr-14251	830	17	of	of	ADP
cblr-14251	830	18	esg	esg	PROPN
cblr-14251	830	19	information	information	NOUN
cblr-14251	830	20	:	:	PUNCT
cblr-14251	830	21	why	why	SCONJ
cblr-14251	830	22	it	it	PRON
cblr-14251	830	23	may	may	AUX
cblr-14251	830	24	matter	matter	VERB
cblr-14251	830	25	,	,	PUNCT
cblr-14251	830	26	84	84	NUM
cblr-14251	830	27	la	la	NOUN
cblr-14251	830	28	.	.	PUNCT
cblr-14251	831	1	l.	l.	PROPN
cblr-14251	831	2	rev	rev	PROPN
cblr-14251	831	3	.	.	PROPN
cblr-14251	831	4	1365	1365	NUM
cblr-14251	831	5	(	(	PUNCT
cblr-14251	831	6	2024	2024	NUM
cblr-14251	831	7	)	)	PUNCT
cblr-14251	831	8	.	.	PUNCT
cblr-14251	832	1	200	200	NUM
cblr-14251	832	2	the	the	DET
cblr-14251	832	3	enhancement	enhancement	NOUN
cblr-14251	832	4	and	and	CCONJ
cblr-14251	832	5	standardization	standardization	NOUN
cblr-14251	832	6	of	of	ADP
cblr-14251	832	7	climate	climate	NOUN
cblr-14251	832	8	-	-	PUNCT
cblr-14251	832	9	related	relate	VERB
cblr-14251	832	10	disclosures	disclosure	NOUN
cblr-14251	832	11	for	for	ADP
cblr-14251	832	12	investors	investor	NOUN
cblr-14251	832	13	,	,	PUNCT
cblr-14251	832	14	exchange	exchange	NOUN
cblr-14251	832	15	act	act	PROPN
cblr-14251	832	16	release	release	PROPN
cblr-14251	832	17	nos	nos	NOUN
cblr-14251	832	18	.	.	PROPN
cblr-14251	832	19	33,11275	33,11275	NUM
cblr-14251	832	20	;	;	PUNCT
cblr-14251	832	21	34,99678	34,99678	NUM
cblr-14251	832	22	,	,	PUNCT
cblr-14251	832	23	at	at	ADP
cblr-14251	832	24	105	105	NUM
cblr-14251	832	25	(	(	PUNCT
cblr-14251	832	26	may	may	PROPN
cblr-14251	832	27	28	28	NUM
cblr-14251	832	28	,	,	PUNCT
cblr-14251	832	29	2024	2024	NUM
cblr-14251	832	30	)	)	PUNCT
cblr-14251	832	31	,	,	PUNCT
cblr-14251	832	32	https://www.sec.gov/files/rules/final/2024/33-11275.pdf	https://www.sec.gov/files/rules/final/2024/33-11275.pdf	PROPN
cblr-14251	832	33	.	.	PUNCT
cblr-14251	833	1	no	no	INTJ
cblr-14251	833	2	.	.	NOUN
cblr-14251	833	3	1	1	NUM
cblr-14251	833	4	]	]	PUNCT
cblr-14251	833	5	securities	security	NOUN
cblr-14251	833	6	fraud	fraud	NOUN
cblr-14251	833	7	and	and	CCONJ
cblr-14251	833	8	the	the	DET
cblr-14251	833	9	market	market	NOUN
cblr-14251	833	10	for	for	ADP
cblr-14251	833	11	individual	individual	ADJ
cblr-14251	833	12	stocks	stock	NOUN
cblr-14251	833	13	283	283	NUM
cblr-14251	833	14	due	due	ADJ
cblr-14251	833	15	to	to	ADP
cblr-14251	833	16	quantitative	quantitative	ADJ
cblr-14251	833	17	or	or	CCONJ
cblr-14251	833	18	qualitative	qualitative	ADJ
cblr-14251	833	19	factors	factor	NOUN
cblr-14251	833	20	and	and	CCONJ
cblr-14251	833	21	lesser	less	ADJ
cblr-14251	833	22	amounts	amount	NOUN
cblr-14251	833	23	of	of	ADP
cblr-14251	833	24	misstatement	misstatement	NOUN
cblr-14251	833	25	could	could	AUX
cblr-14251	833	26	influence	influence	VERB
cblr-14251	833	27	the	the	DET
cblr-14251	833	28	judgment	judgment	NOUN
cblr-14251	833	29	of	of	ADP
cblr-14251	833	30	a	a	DET
cblr-14251	833	31	reasonable	reasonable	ADJ
cblr-14251	833	32	investor	investor	NOUN
cblr-14251	833	33	because	because	SCONJ
cblr-14251	833	34	of	of	ADP
cblr-14251	833	35	qualitative	qualitative	ADJ
cblr-14251	833	36	factors	factor	NOUN
cblr-14251	833	37	.	.	PUNCT
cblr-14251	834	1	”201	”201	PROPN
cblr-14251	834	2	professor	professor	NOUN
cblr-14251	834	3	heminway	heminway	NOUN
cblr-14251	834	4	has	have	AUX
cblr-14251	834	5	argued	argue	VERB
cblr-14251	834	6	that	that	SCONJ
cblr-14251	834	7	this	this	DET
cblr-14251	834	8	“	"	PUNCT
cblr-14251	834	9	clearly	clearly	ADV
cblr-14251	834	10	signal[s	signal[s	NOUN
cblr-14251	834	11	]	]	PUNCT
cblr-14251	834	12	a	a	DET
cblr-14251	834	13	view	view	NOUN
cblr-14251	834	14	that	that	SCONJ
cblr-14251	834	15	materiality	materiality	NOUN
cblr-14251	834	16	is	be	AUX
cblr-14251	834	17	not	not	PART
cblr-14251	834	18	merely	merely	ADV
cblr-14251	834	19	a	a	DET
cblr-14251	834	20	matter	matter	NOUN
cblr-14251	834	21	of	of	ADP
cblr-14251	834	22	statistical	statistical	ADJ
cblr-14251	834	23	,	,	PUNCT
cblr-14251	834	24	financial	financial	ADJ
cblr-14251	834	25	importance	importance	NOUN
cblr-14251	834	26	.	.	PUNCT
cblr-14251	835	1	”202	”202	NOUN
cblr-14251	836	1	and	and	CCONJ
cblr-14251	836	2	so	so	ADV
cblr-14251	836	3	she	she	PRON
cblr-14251	836	4	considers	consider	VERB
cblr-14251	836	5	the	the	DET
cblr-14251	836	6	scope	scope	NOUN
cblr-14251	836	7	of	of	ADP
cblr-14251	836	8	the	the	DET
cblr-14251	836	9	“	"	PUNCT
cblr-14251	836	10	reasonable	reasonable	ADJ
cblr-14251	836	11	esg	esg	PROPN
cblr-14251	836	12	investor	investor	NOUN
cblr-14251	836	13	,	,	PUNCT
cblr-14251	836	14	”	"	PUNCT
cblr-14251	836	15	who	who	PRON
cblr-14251	836	16	may	may	AUX
cblr-14251	836	17	be	be	AUX
cblr-14251	836	18	more	more	ADV
cblr-14251	836	19	likely	likely	ADJ
cblr-14251	836	20	to	to	PART
cblr-14251	836	21	view	view	VERB
cblr-14251	836	22	esg	esg	PROPN
cblr-14251	836	23	information	information	NOUN
cblr-14251	836	24	as	as	ADP
cblr-14251	836	25	material.203	material.203	NOUN
cblr-14251	836	26	similarly	similarly	ADV
cblr-14251	836	27	,	,	PUNCT
cblr-14251	836	28	others	other	NOUN
cblr-14251	836	29	have	have	AUX
cblr-14251	836	30	argued	argue	VERB
cblr-14251	836	31	that	that	SCONJ
cblr-14251	836	32	growing	grow	VERB
cblr-14251	836	33	interest	interest	NOUN
cblr-14251	836	34	in	in	ADP
cblr-14251	836	35	esg	esg	PROPN
cblr-14251	836	36	data	datum	NOUN
cblr-14251	836	37	expands	expand	VERB
cblr-14251	836	38	the	the	DET
cblr-14251	836	39	universe	universe	NOUN
cblr-14251	836	40	of	of	ADP
cblr-14251	836	41	information	information	NOUN
cblr-14251	836	42	on	on	ADP
cblr-14251	836	43	which	which	PRON
cblr-14251	836	44	investors	investor	NOUN
cblr-14251	836	45	rely	rely	VERB
cblr-14251	836	46	when	when	SCONJ
cblr-14251	836	47	making	make	VERB
cblr-14251	836	48	decisions	decision	NOUN
cblr-14251	836	49	,	,	PUNCT
cblr-14251	836	50	which	which	PRON
cblr-14251	836	51	counsels	counsel	VERB
cblr-14251	836	52	in	in	ADP
cblr-14251	836	53	favor	favor	NOUN
cblr-14251	836	54	of	of	ADP
cblr-14251	836	55	broadening	broaden	VERB
cblr-14251	836	56	the	the	DET
cblr-14251	836	57	information	information	NOUN
cblr-14251	836	58	considered	consider	VERB
cblr-14251	836	59	material	material	NOUN
cblr-14251	836	60	for	for	ADP
cblr-14251	836	61	purposes	purpose	NOUN
cblr-14251	836	62	of	of	ADP
cblr-14251	836	63	securities	security	NOUN
cblr-14251	836	64	disclosure.204	disclosure.204	PROPN
cblr-14251	836	65	d.	d.	PROPN
cblr-14251	836	66	“	"	PUNCT
cblr-14251	836	67	in	in	ADP
cblr-14251	836	68	connection	connection	NOUN
cblr-14251	836	69	with	with	ADP
cblr-14251	836	70	”	"	PUNCT
cblr-14251	836	71	an	an	DET
cblr-14251	836	72	actionable	actionable	ADJ
cblr-14251	836	73	statement	statement	NOUN
cblr-14251	836	74	must	must	AUX
cblr-14251	836	75	also	also	ADV
cblr-14251	836	76	have	have	AUX
cblr-14251	836	77	been	be	AUX
cblr-14251	836	78	made	make	VERB
cblr-14251	836	79	“	"	PUNCT
cblr-14251	836	80	in	in	ADP
cblr-14251	836	81	connection	connection	NOUN
cblr-14251	836	82	with	with	ADP
cblr-14251	836	83	”	"	PUNCT
cblr-14251	836	84	the	the	DET
cblr-14251	836	85	purchase	purchase	NOUN
cblr-14251	836	86	or	or	CCONJ
cblr-14251	836	87	sale	sale	NOUN
cblr-14251	836	88	of	of	ADP
cblr-14251	836	89	a	a	DET
cblr-14251	836	90	security.205	security.205	NOUN
cblr-14251	836	91	courts	court	NOUN
cblr-14251	836	92	have	have	AUX
cblr-14251	836	93	interpreted	interpret	VERB
cblr-14251	836	94	the	the	PRON
cblr-14251	836	95	“	"	PUNCT
cblr-14251	836	96	in	in	ADP
cblr-14251	836	97	connection	connection	NOUN
cblr-14251	836	98	with	with	ADP
cblr-14251	836	99	”	"	PUNCT
cblr-14251	836	100	requirement	requirement	NOUN
cblr-14251	836	101	expansively	expansively	ADV
cblr-14251	836	102	to	to	PART
cblr-14251	836	103	include	include	VERB
cblr-14251	836	104	any	any	DET
cblr-14251	836	105	statement	statement	NOUN
cblr-14251	836	106	that	that	PRON
cblr-14251	836	107	is	be	AUX
cblr-14251	836	108	“	"	PUNCT
cblr-14251	836	109	reasonably	reasonably	ADV
cblr-14251	836	110	calculated	calculate	VERB
cblr-14251	836	111	to	to	PART
cblr-14251	836	112	influence	influence	VERB
cblr-14251	836	113	the	the	DET
cblr-14251	836	114	investing	investing	NOUN
cblr-14251	836	115	public	public	NOUN
cblr-14251	836	116	.	.	PUNCT
cblr-14251	837	1	”206	”206	PUNCT
cblr-14251	837	2	in	in	ADP
cblr-14251	837	3	a	a	DET
cblr-14251	837	4	market	market	NOUN
cblr-14251	837	5	for	for	ADP
cblr-14251	837	6	individual	individual	ADJ
cblr-14251	837	7	stocks	stock	NOUN
cblr-14251	837	8	,	,	PUNCT
cblr-14251	837	9	will	will	AUX
cblr-14251	837	10	even	even	ADV
cblr-14251	837	11	more	more	ADJ
cblr-14251	837	12	statements	statement	NOUN
cblr-14251	837	13	be	be	AUX
cblr-14251	837	14	deemed	deem	VERB
cblr-14251	837	15	to	to	PART
cblr-14251	837	16	have	have	AUX
cblr-14251	837	17	been	be	AUX
cblr-14251	837	18	“	"	PUNCT
cblr-14251	837	19	reasonably	reasonably	ADV
cblr-14251	837	20	calculated	calculate	VERB
cblr-14251	837	21	to	to	PART
cblr-14251	837	22	influence	influence	VERB
cblr-14251	837	23	the	the	DET
cblr-14251	837	24	investing	investing	NOUN
cblr-14251	837	25	public?”207	public?”207	NOUN
cblr-14251	837	26	recall	recall	VERB
cblr-14251	837	27	the	the	DET
cblr-14251	837	28	hypothetical	hypothetical	ADJ
cblr-14251	837	29	sustainable	sustainable	ADJ
cblr-14251	837	30	clothing	clothing	NOUN
cblr-14251	837	31	company	company	NOUN
cblr-14251	837	32	,	,	PUNCT
cblr-14251	837	33	nostalgiable	nostalgiable	ADJ
cblr-14251	837	34	,	,	PUNCT
cblr-14251	837	35	and	and	CCONJ
cblr-14251	837	36	imagine	imagine	VERB
cblr-14251	837	37	that	that	SCONJ
cblr-14251	837	38	its	its	PRON
cblr-14251	837	39	ceo	ceo	NOUN
cblr-14251	837	40	makes	make	VERB
cblr-14251	837	41	numerous	numerous	ADJ
cblr-14251	837	42	statements	statement	NOUN
cblr-14251	837	43	on	on	ADP
cblr-14251	837	44	her	her	PRON
cblr-14251	837	45	social	social	ADJ
cblr-14251	837	46	media	medium	NOUN
cblr-14251	837	47	about	about	ADP
cblr-14251	837	48	the	the	DET
cblr-14251	837	49	company	company	NOUN
cblr-14251	837	50	’s	’s	PART
cblr-14251	837	51	sustainability	sustainability	NOUN
cblr-14251	837	52	.	.	PUNCT
cblr-14251	838	1	intuitively	intuitively	ADV
cblr-14251	838	2	,	,	PUNCT
cblr-14251	838	3	an	an	DET
cblr-14251	838	4	investing	investing	NOUN
cblr-14251	838	5	public	public	NOUN
cblr-14251	838	6	that	that	PRON
cblr-14251	838	7	prioritizes	prioritize	VERB
cblr-14251	838	8	companies	company	NOUN
cblr-14251	838	9	with	with	ADP
cblr-14251	838	10	environmentally	environmentally	ADV
cblr-14251	838	11	conscious	conscious	ADJ
cblr-14251	838	12	missions	mission	NOUN
cblr-14251	838	13	might	might	AUX
cblr-14251	838	14	naturally	naturally	ADV
cblr-14251	838	15	consider	consider	VERB
cblr-14251	838	16	these	these	DET
cblr-14251	838	17	statements	statement	NOUN
cblr-14251	838	18	important	important	ADJ
cblr-14251	838	19	.	.	PUNCT
cblr-14251	839	1	yet	yet	ADV
cblr-14251	839	2	were	be	AUX
cblr-14251	839	3	the	the	DET
cblr-14251	839	4	201	201	NUM
cblr-14251	839	5	i	i	NOUN
cblr-14251	839	6	d.	d.	PROPN
cblr-14251	839	7	at	at	ADP
cblr-14251	839	8	544	544	NUM
cblr-14251	839	9	.	.	PUNCT
cblr-14251	840	1	202	202	NUM
cblr-14251	840	2	heminway	heminway	NOUN
cblr-14251	840	3	,	,	PUNCT
cblr-14251	840	4	esg	esg	PROPN
cblr-14251	840	5	and	and	CCONJ
cblr-14251	840	6	insider	insider	NOUN
cblr-14251	840	7	trading	trading	NOUN
cblr-14251	840	8	,	,	PUNCT
cblr-14251	840	9	supra	supra	PROPN
cblr-14251	840	10	note	note	PROPN
cblr-14251	840	11	199	199	NUM
cblr-14251	840	12	,	,	PUNCT
cblr-14251	840	13	at	at	ADP
cblr-14251	840	14	1073	1073	NUM
cblr-14251	840	15	.	.	PUNCT
cblr-14251	841	1	203	203	NUM
cblr-14251	841	2	i	i	PRON
cblr-14251	841	3	d.	d.	PROPN
cblr-14251	841	4	at	at	ADP
cblr-14251	841	5	1074–79	1074–79	NUM
cblr-14251	841	6	.	.	PUNCT
cblr-14251	842	1	204	204	NUM
cblr-14251	842	2	saad	saad	PROPN
cblr-14251	842	3	&	&	CCONJ
cblr-14251	842	4	strauss	strauss	PROPN
cblr-14251	842	5	,	,	PUNCT
cblr-14251	842	6	supra	supra	PROPN
cblr-14251	842	7	note	note	PROPN
cblr-14251	842	8	164	164	NUM
cblr-14251	842	9	,	,	PUNCT
cblr-14251	842	10	at	at	ADP
cblr-14251	842	11	399	399	NUM
cblr-14251	842	12	.	.	PUNCT
cblr-14251	843	1	205	205	NUM
cblr-14251	843	2	17	17	NUM
cblr-14251	843	3	c.f.r	c.f.r	NOUN
cblr-14251	843	4	.	.	PUNCT
cblr-14251	844	1	§	§	PROPN
cblr-14251	844	2	240.10b-5	240.10b-5	NUM
cblr-14251	844	3	.	.	PUNCT
cblr-14251	845	1	206	206	NUM
cblr-14251	845	2	sec	sec	PROPN
cblr-14251	845	3	v.	v.	PROPN
cblr-14251	845	4	tex	tex	PROPN
cblr-14251	845	5	.	.	PROPN
cblr-14251	845	6	gulf	gulf	PROPN
cblr-14251	845	7	sulphur	sulphur	PROPN
cblr-14251	845	8	co.	co.	PROPN
cblr-14251	845	9	,	,	PUNCT
cblr-14251	845	10	401	401	NUM
cblr-14251	845	11	f.2d	f.2d	NOUN
cblr-14251	845	12	833	833	NUM
cblr-14251	845	13	,	,	PUNCT
cblr-14251	845	14	859–62	859–62	NUM
cblr-14251	845	15	(	(	PUNCT
cblr-14251	845	16	2d	2d	NUM
cblr-14251	845	17	cir	cir	NOUN
cblr-14251	845	18	.	.	PUNCT
cblr-14251	845	19	1968	1968	NUM
cblr-14251	845	20	)	)	PUNCT
cblr-14251	845	21	;	;	PUNCT
cblr-14251	845	22	see	see	VERB
cblr-14251	845	23	also	also	ADV
cblr-14251	845	24	merritt	merritt	PROPN
cblr-14251	845	25	b.	b.	PROPN
cblr-14251	845	26	fox	fox	PROPN
cblr-14251	845	27	,	,	PUNCT
cblr-14251	845	28	lawrence	lawrence	PROPN
cblr-14251	845	29	r.	r.	PROPN
cblr-14251	845	30	glosten	glosten	PROPN
cblr-14251	845	31	&	&	CCONJ
cblr-14251	845	32	sue	sue	PROPN
cblr-14251	845	33	s.	s.	PROPN
cblr-14251	845	34	guan	guan	PROPN
cblr-14251	845	35	,	,	PUNCT
cblr-14251	845	36	spoofing	spoof	VERB
cblr-14251	845	37	and	and	CCONJ
cblr-14251	845	38	its	its	PRON
cblr-14251	845	39	regulation	regulation	NOUN
cblr-14251	845	40	,	,	PUNCT
cblr-14251	845	41	2021	2021	NUM
cblr-14251	845	42	colum	colum	NOUN
cblr-14251	845	43	.	.	PUNCT
cblr-14251	846	1	bus	bus	NOUN
cblr-14251	846	2	.	.	PUNCT
cblr-14251	847	1	l.	l.	PROPN
cblr-14251	847	2	rev	rev	PROPN
cblr-14251	847	3	.	.	PROPN
cblr-14251	847	4	1243	1243	NUM
cblr-14251	847	5	,	,	PUNCT
cblr-14251	847	6	1314	1314	NUM
cblr-14251	847	7	(	(	PUNCT
cblr-14251	847	8	2022	2022	NUM
cblr-14251	847	9	)	)	PUNCT
cblr-14251	847	10	.	.	PUNCT
cblr-14251	848	1	207	207	NUM
cblr-14251	848	2	tex	tex	PROPN
cblr-14251	848	3	.	.	PROPN
cblr-14251	848	4	gulf	gulf	PROPN
cblr-14251	848	5	sulphur	sulphur	PROPN
cblr-14251	848	6	co.	co.	PROPN
cblr-14251	848	7	,	,	PUNCT
cblr-14251	848	8	401	401	NUM
cblr-14251	848	9	f.2d	f.2d	NOUN
cblr-14251	848	10	at	at	ADP
cblr-14251	848	11	859–62	859–62	NOUN
cblr-14251	848	12	.	.	PUNCT
cblr-14251	848	13	284	284	NUM
cblr-14251	848	14	columbia	columbia	PROPN
cblr-14251	848	15	business	business	NOUN
cblr-14251	848	16	law	law	PROPN
cblr-14251	848	17	review	review	NOUN
cblr-14251	848	18	[	[	X
cblr-14251	848	19	vol	vol	NOUN
cblr-14251	848	20	.	.	PUNCT
cblr-14251	848	21	2025	2025	NUM
cblr-14251	848	22	statements	statement	NOUN
cblr-14251	848	23	directed	direct	VERB
cblr-14251	848	24	at	at	ADP
cblr-14251	848	25	the	the	DET
cblr-14251	848	26	investing	investing	NOUN
cblr-14251	848	27	public	public	NOUN
cblr-14251	848	28	,	,	PUNCT
cblr-14251	848	29	or	or	CCONJ
cblr-14251	848	30	were	be	AUX
cblr-14251	848	31	they	they	PRON
cblr-14251	848	32	directed	direct	VERB
cblr-14251	848	33	at	at	ADP
cblr-14251	848	34	the	the	DET
cblr-14251	848	35	company	company	NOUN
cblr-14251	848	36	’s	’s	PART
cblr-14251	848	37	potential	potential	ADJ
cblr-14251	848	38	customers	customer	NOUN
cblr-14251	848	39	?	?	PUNCT
cblr-14251	849	1	consider	consider	VERB
cblr-14251	849	2	an	an	DET
cblr-14251	849	3	example	example	NOUN
cblr-14251	849	4	where	where	SCONJ
cblr-14251	849	5	a	a	DET
cblr-14251	849	6	professional	professional	ADJ
cblr-14251	849	7	video	video	NOUN
cblr-14251	849	8	game	game	NOUN
cblr-14251	849	9	player	player	NOUN
cblr-14251	849	10	states	state	NOUN
cblr-14251	849	11	on	on	ADP
cblr-14251	849	12	social	social	ADJ
cblr-14251	849	13	media	medium	NOUN
cblr-14251	849	14	that	that	PRON
cblr-14251	849	15	they	they	PRON
cblr-14251	849	16	believe	believe	VERB
cblr-14251	849	17	a	a	DET
cblr-14251	849	18	company	company	NOUN
cblr-14251	849	19	’s	’s	PART
cblr-14251	849	20	ai	ai	PROPN
cblr-14251	849	21	chip	chip	NOUN
cblr-14251	849	22	performs	perform	VERB
cblr-14251	849	23	poorly	poorly	ADV
cblr-14251	849	24	—	—	PUNCT
cblr-14251	849	25	that	that	SCONJ
cblr-14251	849	26	they	they	PRON
cblr-14251	849	27	tested	test	VERB
cblr-14251	849	28	the	the	DET
cblr-14251	849	29	chip	chip	NOUN
cblr-14251	849	30	and	and	CCONJ
cblr-14251	849	31	found	find	VERB
cblr-14251	849	32	the	the	DET
cblr-14251	849	33	results	result	NOUN
cblr-14251	849	34	disappointing	disappointing	ADJ
cblr-14251	849	35	.	.	PUNCT
cblr-14251	850	1	it	it	PRON
cblr-14251	850	2	turns	turn	VERB
cblr-14251	850	3	out	out	ADP
cblr-14251	850	4	that	that	SCONJ
cblr-14251	850	5	they	they	PRON
cblr-14251	850	6	are	be	AUX
cblr-14251	850	7	lying	lie	VERB
cblr-14251	850	8	and	and	CCONJ
cblr-14251	850	9	did	do	AUX
cblr-14251	850	10	not	not	PART
cblr-14251	850	11	actually	actually	ADV
cblr-14251	850	12	test	test	VERB
cblr-14251	850	13	the	the	DET
cblr-14251	850	14	chip	chip	NOUN
cblr-14251	850	15	at	at	ADV
cblr-14251	850	16	all	all	ADV
cblr-14251	850	17	.	.	PUNCT
cblr-14251	851	1	consider	consider	VERB
cblr-14251	851	2	another	another	DET
cblr-14251	851	3	example	example	NOUN
cblr-14251	851	4	where	where	SCONJ
cblr-14251	851	5	a	a	DET
cblr-14251	851	6	finfluencer	finfluencer	NOUN
cblr-14251	851	7	who	who	PRON
cblr-14251	851	8	purports	purport	VERB
cblr-14251	851	9	to	to	PART
cblr-14251	851	10	work	work	VERB
cblr-14251	851	11	at	at	ADP
cblr-14251	851	12	walmart	walmart	PROPN
cblr-14251	851	13	claims	claim	VERB
cblr-14251	851	14	that	that	SCONJ
cblr-14251	851	15	—	—	PUNCT
cblr-14251	851	16	based	base	VERB
cblr-14251	851	17	on	on	ADP
cblr-14251	851	18	his	his	PRON
cblr-14251	851	19	personal	personal	ADJ
cblr-14251	851	20	experience	experience	NOUN
cblr-14251	851	21	—	—	PUNCT
cblr-14251	851	22	walmart	walmart	PROPN
cblr-14251	851	23	treats	treat	VERB
cblr-14251	851	24	its	its	PRON
cblr-14251	851	25	employees	employee	NOUN
cblr-14251	851	26	exceptionally	exceptionally	ADV
cblr-14251	851	27	well	well	ADV
cblr-14251	851	28	,	,	PUNCT
cblr-14251	851	29	that	that	SCONJ
cblr-14251	851	30	it	it	PRON
cblr-14251	851	31	prioritizes	prioritize	VERB
cblr-14251	851	32	diversity	diversity	NOUN
cblr-14251	851	33	candidates	candidate	NOUN
cblr-14251	851	34	for	for	ADP
cblr-14251	851	35	management	management	NOUN
cblr-14251	851	36	positions	position	NOUN
cblr-14251	851	37	,	,	PUNCT
cblr-14251	851	38	and	and	CCONJ
cblr-14251	851	39	so	so	ADV
cblr-14251	851	40	forth	forth	ADV
cblr-14251	851	41	.	.	PUNCT
cblr-14251	852	1	some	some	DET
cblr-14251	852	2	investors	investor	NOUN
cblr-14251	852	3	pay	pay	VERB
cblr-14251	852	4	attention	attention	NOUN
cblr-14251	852	5	,	,	PUNCT
cblr-14251	852	6	and	and	CCONJ
cblr-14251	852	7	those	those	PRON
cblr-14251	852	8	who	who	PRON
cblr-14251	852	9	invest	invest	VERB
cblr-14251	852	10	in	in	ADP
cblr-14251	852	11	companies	company	NOUN
cblr-14251	852	12	for	for	ADP
cblr-14251	852	13	prosocial	prosocial	ADJ
cblr-14251	852	14	reasons	reason	NOUN
cblr-14251	852	15	choose	choose	VERB
cblr-14251	852	16	to	to	PART
cblr-14251	852	17	invest	invest	VERB
cblr-14251	852	18	in	in	ADP
cblr-14251	852	19	walmart	walmart	PROPN
cblr-14251	852	20	.	.	PUNCT
cblr-14251	853	1	imagine	imagine	VERB
cblr-14251	853	2	that	that	SCONJ
cblr-14251	853	3	the	the	DET
cblr-14251	853	4	finfluencer	finfluencer	NOUN
cblr-14251	853	5	in	in	ADP
cblr-14251	853	6	fact	fact	NOUN
cblr-14251	853	7	does	do	AUX
cblr-14251	853	8	not	not	PART
cblr-14251	853	9	work	work	VERB
cblr-14251	853	10	at	at	ADP
cblr-14251	853	11	walmart	walmart	PROPN
cblr-14251	853	12	.	.	PUNCT
cblr-14251	854	1	regardless	regardless	ADV
cblr-14251	854	2	of	of	ADP
cblr-14251	854	3	the	the	DET
cblr-14251	854	4	truth	truth	NOUN
cblr-14251	854	5	or	or	CCONJ
cblr-14251	854	6	falsity	falsity	NOUN
cblr-14251	854	7	of	of	ADP
cblr-14251	854	8	his	his	PRON
cblr-14251	854	9	statements	statement	NOUN
cblr-14251	854	10	,	,	PUNCT
cblr-14251	854	11	were	be	AUX
cblr-14251	854	12	they	they	PRON
cblr-14251	854	13	made	make	VERB
cblr-14251	854	14	“	"	PUNCT
cblr-14251	854	15	in	in	ADP
cblr-14251	854	16	connection	connection	NOUN
cblr-14251	854	17	with	with	ADP
cblr-14251	854	18	”	"	PUNCT
cblr-14251	854	19	walmart	walmart	PROPN
cblr-14251	854	20	’s	’s	PART
cblr-14251	854	21	securities	security	NOUN
cblr-14251	854	22	?	?	PUNCT
cblr-14251	855	1	the	the	DET
cblr-14251	855	2	question	question	NOUN
cblr-14251	855	3	is	be	AUX
cblr-14251	855	4	not	not	PART
cblr-14251	855	5	merely	merely	ADV
cblr-14251	855	6	hypothetical	hypothetical	ADJ
cblr-14251	855	7	.	.	PUNCT
cblr-14251	856	1	in	in	ADP
cblr-14251	856	2	2022	2022	NUM
cblr-14251	856	3	,	,	PUNCT
cblr-14251	856	4	trevor	trevor	PROPN
cblr-14251	856	5	milton	milton	PROPN
cblr-14251	856	6	,	,	PUNCT
cblr-14251	856	7	the	the	DET
cblr-14251	856	8	ceo	ceo	NOUN
cblr-14251	856	9	of	of	ADP
cblr-14251	856	10	nikola	nikola	PROPN
cblr-14251	856	11	,	,	PUNCT
cblr-14251	856	12	a	a	DET
cblr-14251	856	13	battery	battery	NOUN
cblr-14251	856	14	-	-	PUNCT
cblr-14251	856	15	electric	electric	ADJ
cblr-14251	856	16	truck	truck	NOUN
cblr-14251	856	17	company	company	NOUN
cblr-14251	856	18	,	,	PUNCT
cblr-14251	856	19	was	be	AUX
cblr-14251	856	20	convicted	convict	VERB
cblr-14251	856	21	of	of	ADP
cblr-14251	856	22	securities	security	NOUN
cblr-14251	856	23	fraud	fraud	NOUN
cblr-14251	856	24	for	for	ADP
cblr-14251	856	25	various	various	ADJ
cblr-14251	856	26	statements	statement	NOUN
cblr-14251	856	27	made	make	VERB
cblr-14251	856	28	on	on	ADP
cblr-14251	856	29	social	social	ADJ
cblr-14251	856	30	media	medium	NOUN
cblr-14251	856	31	and	and	CCONJ
cblr-14251	856	32	other	other	ADJ
cblr-14251	856	33	media	medium	NOUN
cblr-14251	856	34	outlets.208	outlets.208	VERB
cblr-14251	856	35	one	one	NUM
cblr-14251	856	36	of	of	ADP
cblr-14251	856	37	milton	milton	PROPN
cblr-14251	856	38	’s	’s	PART
cblr-14251	856	39	arguments	argument	NOUN
cblr-14251	856	40	was	be	AUX
cblr-14251	856	41	that	that	SCONJ
cblr-14251	856	42	his	his	PRON
cblr-14251	856	43	“	"	PUNCT
cblr-14251	856	44	tweets	tweet	NOUN
cblr-14251	856	45	,	,	PUNCT
cblr-14251	856	46	social	social	ADJ
cblr-14251	856	47	media	medium	NOUN
cblr-14251	856	48	posts	post	NOUN
cblr-14251	856	49	,	,	PUNCT
cblr-14251	856	50	podcasts	podcast	NOUN
cblr-14251	856	51	,	,	PUNCT
cblr-14251	856	52	and	and	CCONJ
cblr-14251	856	53	television	television	NOUN
cblr-14251	856	54	or	or	CCONJ
cblr-14251	856	55	print	print	NOUN
cblr-14251	856	56	interviews	interview	NOUN
cblr-14251	856	57	”	"	PUNCT
cblr-14251	856	58	were	be	AUX
cblr-14251	856	59	not	not	PART
cblr-14251	856	60	made	make	VERB
cblr-14251	856	61	“	"	PUNCT
cblr-14251	856	62	in	in	ADP
cblr-14251	856	63	connection	connection	NOUN
cblr-14251	856	64	with	with	ADP
cblr-14251	856	65	”	"	PUNCT
cblr-14251	856	66	nikola	nikola	PROPN
cblr-14251	856	67	’s	’s	PART
cblr-14251	856	68	securities.209	securities.209	PROPN
cblr-14251	856	69	milton	milton	PROPN
cblr-14251	856	70	claimed	claim	VERB
cblr-14251	856	71	that	that	SCONJ
cblr-14251	856	72	those	those	DET
cblr-14251	856	73	statements	statement	NOUN
cblr-14251	856	74	implicated	implicate	VERB
cblr-14251	856	75	nikola	nikola	PROPN
cblr-14251	856	76	’s	’s	PART
cblr-14251	856	77	products	product	NOUN
cblr-14251	856	78	rather	rather	ADV
cblr-14251	856	79	than	than	ADP
cblr-14251	856	80	nikola	nikola	PROPN
cblr-14251	856	81	’s	’s	PART
cblr-14251	856	82	securities.210	securities.210	NOUN
cblr-14251	856	83	in	in	ADP
cblr-14251	856	84	a	a	DET
cblr-14251	856	85	market	market	NOUN
cblr-14251	856	86	for	for	ADP
cblr-14251	856	87	individual	individual	ADJ
cblr-14251	856	88	stocks	stock	NOUN
cblr-14251	856	89	,	,	PUNCT
cblr-14251	856	90	investors	investor	NOUN
cblr-14251	856	91	may	may	AUX
cblr-14251	856	92	be	be	AUX
cblr-14251	856	93	more	more	ADV
cblr-14251	856	94	likely	likely	ADJ
cblr-14251	856	95	to	to	PART
cblr-14251	856	96	purchase	purchase	VERB
cblr-14251	856	97	or	or	CCONJ
cblr-14251	856	98	sell	sell	VERB
cblr-14251	856	99	stocks	stock	NOUN
cblr-14251	856	100	as	as	ADP
cblr-14251	856	101	a	a	DET
cblr-14251	856	102	result	result	NOUN
cblr-14251	856	103	of	of	ADP
cblr-14251	856	104	statements	statement	NOUN
cblr-14251	856	105	that	that	SCONJ
cblr-14251	856	106	208	208	NUM
cblr-14251	856	107	jack	jack	PROPN
cblr-14251	856	108	ewing	ewing	PROPN
cblr-14251	856	109	,	,	PUNCT
cblr-14251	856	110	founder	founder	NOUN
cblr-14251	856	111	of	of	ADP
cblr-14251	856	112	electric	electric	ADJ
cblr-14251	856	113	truck	truck	NOUN
cblr-14251	856	114	maker	maker	NOUN
cblr-14251	856	115	is	be	AUX
cblr-14251	856	116	convicted	convict	VERB
cblr-14251	856	117	of	of	ADP
cblr-14251	856	118	fraud	fraud	NOUN
cblr-14251	856	119	,	,	PUNCT
cblr-14251	856	120	n.y	n.y	PROPN
cblr-14251	856	121	.	.	PROPN
cblr-14251	856	122	times	times	PROPN
cblr-14251	856	123	(	(	PUNCT
cblr-14251	856	124	oct	oct	PROPN
cblr-14251	856	125	.	.	PROPN
cblr-14251	856	126	14	14	NUM
cblr-14251	856	127	,	,	PUNCT
cblr-14251	856	128	2022	2022	NUM
cblr-14251	856	129	)	)	PUNCT
cblr-14251	856	130	,	,	PUNCT
cblr-14251	856	131	https://www.nytimes.com/2022/10/14/business/trevor-miltonnikola-fraud.html	https://www.nytimes.com/2022/10/14/business/trevor-miltonnikola-fraud.html	PROPN
cblr-14251	856	132	.	.	PUNCT
cblr-14251	857	1	209	209	NUM
cblr-14251	857	2	memorandum	memorandum	NOUN
cblr-14251	857	3	of	of	ADP
cblr-14251	857	4	law	law	NOUN
cblr-14251	857	5	in	in	ADP
cblr-14251	857	6	support	support	NOUN
cblr-14251	857	7	of	of	ADP
cblr-14251	857	8	defendant	defendant	NOUN
cblr-14251	857	9	’s	’s	PART
cblr-14251	857	10	motion	motion	NOUN
cblr-14251	857	11	to	to	PART
cblr-14251	857	12	dismiss	dismiss	VERB
cblr-14251	857	13	counts	count	NOUN
cblr-14251	857	14	one	one	NUM
cblr-14251	857	15	and	and	CCONJ
cblr-14251	857	16	two	two	NUM
cblr-14251	857	17	of	of	ADP
cblr-14251	857	18	the	the	DET
cblr-14251	857	19	indictment	indictment	NOUN
cblr-14251	857	20	for	for	ADP
cblr-14251	857	21	failure	failure	NOUN
cblr-14251	857	22	to	to	PART
cblr-14251	857	23	allege	allege	VERB
cblr-14251	857	24	the	the	DET
cblr-14251	857	25	requisite	requisite	ADJ
cblr-14251	857	26	connection	connection	NOUN
cblr-14251	857	27	with	with	ADP
cblr-14251	857	28	a	a	DET
cblr-14251	857	29	security	security	NOUN
cblr-14251	857	30	,	,	PUNCT
cblr-14251	857	31	united	united	PROPN
cblr-14251	857	32	states	states	PROPN
cblr-14251	857	33	v.	v.	PROPN
cblr-14251	857	34	milton	milton	PROPN
cblr-14251	857	35	,	,	PUNCT
cblr-14251	857	36	no	no	INTJ
cblr-14251	857	37	.	.	NOUN
cblr-14251	857	38	21	21	NUM
cblr-14251	857	39	-	-	PUNCT
cblr-14251	857	40	cr-00478	cr-00478	NOUN
cblr-14251	857	41	,	,	PUNCT
cblr-14251	857	42	2021	2021	NUM
cblr-14251	857	43	wl	wl	SYM
cblr-14251	857	44	9508232	9508232	NUM
cblr-14251	857	45	(	(	PUNCT
cblr-14251	857	46	s.d.n.y	s.d.n.y	PROPN
cblr-14251	857	47	.	.	PUNCT
cblr-14251	857	48	dec	dec	PROPN
cblr-14251	857	49	.	.	PROPN
cblr-14251	857	50	15	15	NUM
cblr-14251	857	51	,	,	PUNCT
cblr-14251	857	52	2021	2021	NUM
cblr-14251	857	53	)	)	PUNCT
cblr-14251	857	54	(	(	PUNCT
cblr-14251	857	55	arguing	argue	VERB
cblr-14251	857	56	that	that	SCONJ
cblr-14251	857	57	“	"	PUNCT
cblr-14251	857	58	unlike	unlike	ADP
cblr-14251	857	59	the	the	DET
cblr-14251	857	60	typical	typical	ADJ
cblr-14251	857	61	securities	security	NOUN
cblr-14251	857	62	fraud	fraud	NOUN
cblr-14251	857	63	case	case	NOUN
cblr-14251	857	64	that	that	PRON
cblr-14251	857	65	focuses	focus	VERB
cblr-14251	857	66	on	on	ADP
cblr-14251	857	67	alleged	allege	VERB
cblr-14251	857	68	misstatements	misstatement	NOUN
cblr-14251	857	69	made	make	VERB
cblr-14251	857	70	in	in	ADP
cblr-14251	857	71	offering	offer	VERB
cblr-14251	857	72	documents	document	NOUN
cblr-14251	857	73	,	,	PUNCT
cblr-14251	857	74	filings	filing	NOUN
cblr-14251	857	75	with	with	ADP
cblr-14251	857	76	the	the	DET
cblr-14251	857	77	[	[	X
cblr-14251	857	78	sec	sec	PROPN
cblr-14251	857	79	]	]	X
cblr-14251	857	80	,	,	PUNCT
cblr-14251	857	81	financial	financial	ADJ
cblr-14251	857	82	statements	statement	NOUN
cblr-14251	857	83	,	,	PUNCT
cblr-14251	857	84	and	and	CCONJ
cblr-14251	857	85	earnings	earning	NOUN
cblr-14251	857	86	reports	report	NOUN
cblr-14251	857	87	—	—	PUNCT
cblr-14251	857	88	communications	communication	NOUN
cblr-14251	857	89	targeted	target	VERB
cblr-14251	857	90	to	to	ADP
cblr-14251	857	91	investors	investor	NOUN
cblr-14251	857	92	using	use	VERB
cblr-14251	857	93	media	medium	NOUN
cblr-14251	857	94	typically	typically	ADV
cblr-14251	857	95	relied	rely	VERB
cblr-14251	857	96	upon	upon	SCONJ
cblr-14251	857	97	by	by	ADP
cblr-14251	857	98	investors	investor	NOUN
cblr-14251	857	99	.	.	PUNCT
cblr-14251	857	100	.	.	PUNCT
cblr-14251	857	101	.	.	PUNCT
cblr-14251	858	1	[	[	X
cblr-14251	858	2	milton	milton	PROPN
cblr-14251	858	3	’s	’s	PART
cblr-14251	858	4	case	case	NOUN
cblr-14251	858	5	]	]	PUNCT
cblr-14251	858	6	focuses	focus	VERB
cblr-14251	858	7	on	on	ADP
cblr-14251	858	8	mr	mr	PROPN
cblr-14251	858	9	.	.	PROPN
cblr-14251	858	10	milton	milton	PROPN
cblr-14251	858	11	’s	’s	PART
cblr-14251	858	12	tweets	tweet	NOUN
cblr-14251	858	13	,	,	PUNCT
cblr-14251	858	14	social	social	ADJ
cblr-14251	858	15	media	medium	NOUN
cblr-14251	858	16	posts	post	NOUN
cblr-14251	858	17	,	,	PUNCT
cblr-14251	858	18	podcasts	podcast	NOUN
cblr-14251	858	19	,	,	PUNCT
cblr-14251	858	20	and	and	CCONJ
cblr-14251	858	21	television	television	NOUN
cblr-14251	858	22	or	or	CCONJ
cblr-14251	858	23	print	print	NOUN
cblr-14251	858	24	interviews	interview	NOUN
cblr-14251	858	25	”	"	PUNCT
cblr-14251	858	26	)	)	PUNCT
cblr-14251	858	27	.	.	PUNCT
cblr-14251	859	1	210	210	NUM
cblr-14251	859	2	see	see	VERB
cblr-14251	859	3	i	i	PRON
cblr-14251	859	4	d.	d.	PROPN
cblr-14251	859	5	no	no	INTJ
cblr-14251	859	6	.	.	NOUN
cblr-14251	860	1	1	1	NUM
cblr-14251	860	2	]	]	PUNCT
cblr-14251	860	3	securities	security	NOUN
cblr-14251	860	4	fraud	fraud	NOUN
cblr-14251	860	5	and	and	CCONJ
cblr-14251	860	6	the	the	DET
cblr-14251	860	7	market	market	NOUN
cblr-14251	860	8	for	for	ADP
cblr-14251	860	9	individual	individual	ADJ
cblr-14251	860	10	stocks	stock	NOUN
cblr-14251	860	11	285	285	NUM
cblr-14251	860	12	do	do	AUX
cblr-14251	860	13	not	not	PART
cblr-14251	860	14	directly	directly	ADV
cblr-14251	860	15	implicate	implicate	VERB
cblr-14251	860	16	securities	security	NOUN
cblr-14251	860	17	—	—	PUNCT
cblr-14251	860	18	because	because	SCONJ
cblr-14251	860	19	those	those	DET
cblr-14251	860	20	statements	statement	NOUN
cblr-14251	860	21	might	might	AUX
cblr-14251	860	22	implicate	implicate	VERB
cblr-14251	860	23	demand	demand	NOUN
cblr-14251	860	24	-	-	PUNCT
cblr-14251	860	25	driven	drive	VERB
cblr-14251	860	26	,	,	PUNCT
cblr-14251	860	27	nonfinancial	nonfinancial	ADJ
cblr-14251	860	28	factors	factor	NOUN
cblr-14251	860	29	.	.	PUNCT
cblr-14251	861	1	in	in	ADP
cblr-14251	861	2	other	other	ADJ
cblr-14251	861	3	words	word	NOUN
cblr-14251	861	4	,	,	PUNCT
cblr-14251	861	5	investors	investor	NOUN
cblr-14251	861	6	may	may	AUX
cblr-14251	861	7	be	be	AUX
cblr-14251	861	8	less	less	ADV
cblr-14251	861	9	likely	likely	ADJ
cblr-14251	861	10	to	to	PART
cblr-14251	861	11	differentiate	differentiate	VERB
cblr-14251	861	12	between	between	ADP
cblr-14251	861	13	a	a	DET
cblr-14251	861	14	company	company	NOUN
cblr-14251	861	15	’s	’s	PART
cblr-14251	861	16	product	product	NOUN
cblr-14251	861	17	and	and	CCONJ
cblr-14251	861	18	a	a	DET
cblr-14251	861	19	company	company	NOUN
cblr-14251	861	20	’s	’s	PART
cblr-14251	861	21	stock	stock	NOUN
cblr-14251	861	22	,	,	PUNCT
cblr-14251	861	23	and	and	CCONJ
cblr-14251	861	24	may	may	AUX
cblr-14251	861	25	treat	treat	VERB
cblr-14251	861	26	a	a	DET
cblr-14251	861	27	company	company	NOUN
cblr-14251	861	28	’s	’s	PART
cblr-14251	861	29	stock	stock	NOUN
cblr-14251	861	30	as	as	ADP
cblr-14251	861	31	simply	simply	ADV
cblr-14251	861	32	another	another	DET
cblr-14251	861	33	kind	kind	NOUN
cblr-14251	861	34	of	of	ADP
cblr-14251	861	35	product	product	NOUN
cblr-14251	861	36	that	that	PRON
cblr-14251	861	37	they	they	PRON
cblr-14251	861	38	select	select	VERB
cblr-14251	861	39	for	for	ADP
cblr-14251	861	40	its	its	PRON
cblr-14251	861	41	various	various	ADJ
cblr-14251	861	42	characteristics	characteristic	NOUN
cblr-14251	861	43	,	,	PUNCT
cblr-14251	861	44	including	include	VERB
cblr-14251	861	45	financial	financial	ADJ
cblr-14251	861	46	or	or	CCONJ
cblr-14251	861	47	fundamental	fundamental	ADJ
cblr-14251	861	48	value	value	NOUN
cblr-14251	861	49	,	,	PUNCT
cblr-14251	861	50	but	but	CCONJ
cblr-14251	861	51	also	also	ADV
cblr-14251	861	52	including	include	VERB
cblr-14251	861	53	other	other	ADJ
cblr-14251	861	54	non	non	ADJ
cblr-14251	861	55	-	-	ADJ
cblr-14251	861	56	financial	financial	ADJ
cblr-14251	861	57	,	,	PUNCT
cblr-14251	861	58	demand	demand	NOUN
cblr-14251	861	59	-	-	PUNCT
cblr-14251	861	60	driven	drive	VERB
cblr-14251	861	61	characteristics	characteristic	NOUN
cblr-14251	861	62	.	.	PUNCT
cblr-14251	862	1	if	if	SCONJ
cblr-14251	862	2	that	that	PRON
cblr-14251	862	3	is	be	AUX
cblr-14251	862	4	the	the	DET
cblr-14251	862	5	case	case	NOUN
cblr-14251	862	6	,	,	PUNCT
cblr-14251	862	7	then	then	ADV
cblr-14251	862	8	more	more	ADJ
cblr-14251	862	9	statements	statement	NOUN
cblr-14251	862	10	are	be	AUX
cblr-14251	862	11	likely	likely	ADJ
cblr-14251	862	12	to	to	PART
cblr-14251	862	13	be	be	AUX
cblr-14251	862	14	deemed	deem	VERB
cblr-14251	862	15	to	to	PART
cblr-14251	862	16	have	have	AUX
cblr-14251	862	17	been	be	AUX
cblr-14251	862	18	made	make	VERB
cblr-14251	862	19	“	"	PUNCT
cblr-14251	862	20	in	in	ADP
cblr-14251	862	21	connection	connection	NOUN
cblr-14251	862	22	with	with	ADP
cblr-14251	862	23	”	"	PUNCT
cblr-14251	862	24	a	a	DET
cblr-14251	862	25	security	security	NOUN
cblr-14251	862	26	(	(	PUNCT
cblr-14251	862	27	just	just	ADV
cblr-14251	862	28	as	as	ADP
cblr-14251	862	29	more	more	ADJ
cblr-14251	862	30	statements	statement	NOUN
cblr-14251	862	31	will	will	AUX
cblr-14251	862	32	likely	likely	ADV
cblr-14251	862	33	be	be	AUX
cblr-14251	862	34	material	material	NOUN
cblr-14251	862	35	)	)	PUNCT
cblr-14251	862	36	.	.	PUNCT
cblr-14251	863	1	this	this	PRON
cblr-14251	863	2	will	will	AUX
cblr-14251	863	3	also	also	ADV
cblr-14251	863	4	increasingly	increasingly	ADV
cblr-14251	863	5	be	be	AUX
cblr-14251	863	6	true	true	ADJ
cblr-14251	863	7	of	of	ADP
cblr-14251	863	8	statements	statement	NOUN
cblr-14251	863	9	made	make	VERB
cblr-14251	863	10	on	on	ADP
cblr-14251	863	11	nontraditional	nontraditional	ADJ
cblr-14251	863	12	platforms	platform	NOUN
cblr-14251	863	13	such	such	ADJ
cblr-14251	863	14	as	as	ADP
cblr-14251	863	15	social	social	ADJ
cblr-14251	863	16	media.211	media.211	PROPN
cblr-14251	863	17	e.	e.	PROPN
cblr-14251	863	18	reliance	reliance	PROPN
cblr-14251	863	19	in	in	ADP
cblr-14251	863	20	a	a	DET
cblr-14251	863	21	private	private	ADJ
cblr-14251	863	22	securities	security	NOUN
cblr-14251	863	23	fraud	fraud	NOUN
cblr-14251	863	24	action	action	NOUN
cblr-14251	863	25	,	,	PUNCT
cblr-14251	863	26	plaintiffs	plaintiff	NOUN
cblr-14251	863	27	must	must	AUX
cblr-14251	863	28	show	show	VERB
cblr-14251	863	29	reliance	reliance	NOUN
cblr-14251	863	30	on	on	ADP
cblr-14251	863	31	the	the	DET
cblr-14251	863	32	misstatement.212	misstatement.212	NOUN
cblr-14251	863	33	because	because	SCONJ
cblr-14251	863	34	reliance	reliance	NOUN
cblr-14251	863	35	is	be	AUX
cblr-14251	863	36	typically	typically	ADV
cblr-14251	863	37	an	an	DET
cblr-14251	863	38	individual	individual	ADJ
cblr-14251	863	39	,	,	PUNCT
cblr-14251	863	40	fact	fact	NOUN
cblr-14251	863	41	-	-	PUNCT
cblr-14251	863	42	specific	specific	ADJ
cblr-14251	863	43	inquiry	inquiry	NOUN
cblr-14251	863	44	,	,	PUNCT
cblr-14251	863	45	individual	individual	ADJ
cblr-14251	863	46	questions	question	NOUN
cblr-14251	863	47	of	of	ADP
cblr-14251	863	48	reliance	reliance	NOUN
cblr-14251	863	49	would	would	AUX
cblr-14251	863	50	otherwise	otherwise	ADV
cblr-14251	863	51	preclude	preclude	VERB
cblr-14251	863	52	class	class	NOUN
cblr-14251	863	53	certification.213	certification.213	NOUN
cblr-14251	863	54	in	in	ADP
cblr-14251	863	55	class	class	NOUN
cblr-14251	863	56	actions	action	NOUN
cblr-14251	863	57	then	then	ADV
cblr-14251	863	58	,	,	PUNCT
cblr-14251	863	59	plaintiffs	plaintiff	NOUN
cblr-14251	863	60	rely	rely	VERB
cblr-14251	863	61	on	on	ADP
cblr-14251	863	62	the	the	DET
cblr-14251	863	63	fraud	fraud	NOUN
cblr-14251	863	64	on	on	ADP
cblr-14251	863	65	the	the	DET
cblr-14251	863	66	market	market	NOUN
cblr-14251	863	67	doctrine	doctrine	NOUN
cblr-14251	863	68	to	to	PART
cblr-14251	863	69	show	show	VERB
cblr-14251	863	70	reliance	reliance	NOUN
cblr-14251	863	71	.	.	PUNCT
cblr-14251	864	1	under	under	ADP
cblr-14251	864	2	the	the	DET
cblr-14251	864	3	fraud	fraud	NOUN
cblr-14251	864	4	on	on	ADP
cblr-14251	864	5	the	the	DET
cblr-14251	864	6	market	market	NOUN
cblr-14251	864	7	theory	theory	NOUN
cblr-14251	864	8	,	,	PUNCT
cblr-14251	864	9	which	which	PRON
cblr-14251	864	10	says	say	VERB
cblr-14251	864	11	that	that	SCONJ
cblr-14251	864	12	stocks	stock	NOUN
cblr-14251	864	13	trade	trade	VERB
cblr-14251	864	14	in	in	ADP
cblr-14251	864	15	an	an	DET
cblr-14251	864	16	efficient	efficient	ADJ
cblr-14251	864	17	market	market	NOUN
cblr-14251	864	18	where	where	SCONJ
cblr-14251	864	19	public	public	ADJ
cblr-14251	864	20	information	information	NOUN
cblr-14251	864	21	about	about	ADP
cblr-14251	864	22	an	an	DET
cblr-14251	864	23	issuer	issuer	NOUN
cblr-14251	864	24	affects	affect	VERB
cblr-14251	864	25	its	its	PRON
cblr-14251	864	26	stock	stock	NOUN
cblr-14251	864	27	price,214	price,214	PROPN
cblr-14251	864	28	courts	court	NOUN
cblr-14251	864	29	may	may	AUX
cblr-14251	864	30	assume	assume	VERB
cblr-14251	864	31	that	that	SCONJ
cblr-14251	864	32	a	a	DET
cblr-14251	864	33	purchaser	purchaser	NOUN
cblr-14251	864	34	of	of	ADP
cblr-14251	864	35	the	the	DET
cblr-14251	864	36	stock	stock	NOUN
cblr-14251	864	37	211	211	NUM
cblr-14251	864	38	see	see	VERB
cblr-14251	864	39	hurt	hurt	NOUN
cblr-14251	864	40	,	,	PUNCT
cblr-14251	864	41	supra	supra	PROPN
cblr-14251	864	42	note	note	NOUN
cblr-14251	864	43	125	125	NUM
cblr-14251	864	44	,	,	PUNCT
cblr-14251	864	45	at	at	ADP
cblr-14251	864	46	881–83	881–83	NOUN
cblr-14251	864	47	(	(	PUNCT
cblr-14251	864	48	considering	consider	VERB
cblr-14251	864	49	whether	whether	SCONJ
cblr-14251	864	50	statements	statement	NOUN
cblr-14251	864	51	made	make	VERB
cblr-14251	864	52	by	by	ADP
cblr-14251	864	53	certain	certain	ADJ
cblr-14251	864	54	persons	person	NOUN
cblr-14251	864	55	on	on	ADP
cblr-14251	864	56	certain	certain	ADJ
cblr-14251	864	57	social	social	ADJ
cblr-14251	864	58	media	medium	NOUN
cblr-14251	864	59	platforms	platform	NOUN
cblr-14251	864	60	should	should	AUX
cblr-14251	864	61	be	be	AUX
cblr-14251	864	62	excluded	exclude	VERB
cblr-14251	864	63	from	from	ADP
cblr-14251	864	64	liability	liability	NOUN
cblr-14251	864	65	)	)	PUNCT
cblr-14251	864	66	.	.	PUNCT
cblr-14251	865	1	212	212	NUM
cblr-14251	865	2	government	government	NOUN
cblr-14251	865	3	actions	action	NOUN
cblr-14251	865	4	do	do	AUX
cblr-14251	865	5	not	not	PART
cblr-14251	865	6	need	need	VERB
cblr-14251	865	7	to	to	PART
cblr-14251	865	8	show	show	VERB
cblr-14251	865	9	reliance	reliance	NOUN
cblr-14251	865	10	.	.	PUNCT
cblr-14251	866	1	see	see	VERB
cblr-14251	866	2	pritchard	pritchard	PROPN
cblr-14251	866	3	&	&	CCONJ
cblr-14251	866	4	thompson	thompson	PROPN
cblr-14251	866	5	,	,	PUNCT
cblr-14251	866	6	supra	supra	PROPN
cblr-14251	866	7	note	note	PROPN
cblr-14251	866	8	160	160	NUM
cblr-14251	866	9	,	,	PUNCT
cblr-14251	866	10	at	at	ADP
cblr-14251	866	11	939–42	939–42	PROPN
cblr-14251	866	12	.	.	NOUN
cblr-14251	866	13	213	213	NUM
cblr-14251	866	14	see	see	VERB
cblr-14251	866	15	lipton	lipton	PROPN
cblr-14251	866	16	,	,	PUNCT
cblr-14251	866	17	supra	supra	PROPN
cblr-14251	866	18	note	note	PROPN
cblr-14251	866	19	160	160	NUM
cblr-14251	866	20	,	,	PUNCT
cblr-14251	866	21	at	at	ADP
cblr-14251	866	22	743–44	743–44	PROPN
cblr-14251	866	23	(	(	PUNCT
cblr-14251	866	24	comparing	compare	VERB
cblr-14251	866	25	traditional	traditional	ADJ
cblr-14251	866	26	fraud	fraud	NOUN
cblr-14251	866	27	cases	case	NOUN
cblr-14251	866	28	to	to	ADP
cblr-14251	866	29	modern	modern	ADJ
cblr-14251	866	30	marketplace	marketplace	NOUN
cblr-14251	866	31	transactions	transaction	NOUN
cblr-14251	866	32	in	in	ADP
cblr-14251	866	33	which	which	PRON
cblr-14251	866	34	fraudsters	fraudster	NOUN
cblr-14251	866	35	are	be	AUX
cblr-14251	866	36	many	many	ADJ
cblr-14251	866	37	steps	step	NOUN
cblr-14251	866	38	removed	remove	VERB
cblr-14251	866	39	from	from	ADP
cblr-14251	866	40	an	an	DET
cblr-14251	866	41	investor	investor	NOUN
cblr-14251	866	42	’s	’s	PART
cblr-14251	866	43	ultimate	ultimate	ADJ
cblr-14251	866	44	losses	loss	NOUN
cblr-14251	866	45	)	)	PUNCT
cblr-14251	866	46	.	.	PUNCT
cblr-14251	867	1	214	214	NUM
cblr-14251	867	2	see	see	VERB
cblr-14251	867	3	patel	patel	NOUN
cblr-14251	867	4	,	,	PUNCT
cblr-14251	867	5	supra	supra	PROPN
cblr-14251	867	6	note	note	NOUN
cblr-14251	867	7	101	101	NUM
cblr-14251	867	8	,	,	PUNCT
cblr-14251	867	9	at	at	ADP
cblr-14251	867	10	208	208	NUM
cblr-14251	867	11	(	(	PUNCT
cblr-14251	867	12	explaining	explain	VERB
cblr-14251	867	13	that	that	SCONJ
cblr-14251	867	14	“	"	PUNCT
cblr-14251	867	15	investors	investor	NOUN
cblr-14251	867	16	can	can	AUX
cblr-14251	867	17	be	be	AUX
cblr-14251	867	18	said	say	VERB
cblr-14251	867	19	to	to	PART
cblr-14251	867	20	rely	rely	VERB
cblr-14251	867	21	on	on	ADP
cblr-14251	867	22	the	the	DET
cblr-14251	867	23	integrity	integrity	NOUN
cblr-14251	867	24	of	of	ADP
cblr-14251	867	25	market	market	NOUN
cblr-14251	867	26	prices	price	NOUN
cblr-14251	867	27	if	if	SCONJ
cblr-14251	867	28	they	they	PRON
cblr-14251	867	29	transact	transact	VERB
cblr-14251	867	30	on	on	ADP
cblr-14251	867	31	the	the	DET
cblr-14251	867	32	belief	belief	NOUN
cblr-14251	867	33	that	that	SCONJ
cblr-14251	867	34	market	market	NOUN
cblr-14251	867	35	prices	price	NOUN
cblr-14251	867	36	incorporate	incorporate	VERB
cblr-14251	867	37	public	public	ADJ
cblr-14251	867	38	information	information	NOUN
cblr-14251	867	39	within	within	ADP
cblr-14251	867	40	a	a	DET
cblr-14251	867	41	reasonable	reasonable	ADJ
cblr-14251	867	42	period	period	NOUN
cblr-14251	867	43	”	"	PUNCT
cblr-14251	867	44	)	)	PUNCT
cblr-14251	867	45	;	;	PUNCT
cblr-14251	867	46	halliburton	halliburton	PROPN
cblr-14251	867	47	co.	co.	PROPN
cblr-14251	867	48	v.	v.	ADP
cblr-14251	867	49	erica	erica	PROPN
cblr-14251	867	50	p.	p.	PROPN
cblr-14251	867	51	john	john	PROPN
cblr-14251	867	52	fund	fund	PROPN
cblr-14251	867	53	,	,	PUNCT
cblr-14251	867	54	inc	inc	PROPN
cblr-14251	867	55	.	.	PROPN
cblr-14251	867	56	,	,	PUNCT
cblr-14251	867	57	573	573	NUM
cblr-14251	867	58	u.s	u.s	PROPN
cblr-14251	867	59	.	.	PROPN
cblr-14251	867	60	258	258	NUM
cblr-14251	867	61	,	,	PUNCT
cblr-14251	867	62	272	272	NUM
cblr-14251	867	63	,	,	PUNCT
cblr-14251	867	64	277	277	NUM
cblr-14251	867	65	(	(	PUNCT
cblr-14251	867	66	2014	2014	NUM
cblr-14251	867	67	)	)	PUNCT
cblr-14251	868	1	[	[	X
cblr-14251	868	2	hereinafter	hereinafter	NOUN
cblr-14251	868	3	halliburton	halliburton	PROPN
cblr-14251	868	4	ii	ii	PROPN
cblr-14251	868	5	]	]	PUNCT
cblr-14251	868	6	.	.	PUNCT
cblr-14251	869	1	the	the	DET
cblr-14251	869	2	supreme	supreme	PROPN
cblr-14251	869	3	court	court	PROPN
cblr-14251	869	4	in	in	ADP
cblr-14251	869	5	halliburton	halliburton	PROPN
cblr-14251	869	6	ii	ii	PROPN
cblr-14251	869	7	explained	explain	VERB
cblr-14251	869	8	that	that	SCONJ
cblr-14251	869	9	fraud	fraud	NOUN
cblr-14251	869	10	on	on	ADP
cblr-14251	869	11	the	the	DET
cblr-14251	869	12	market	market	NOUN
cblr-14251	869	13	efficiency	efficiency	NOUN
cblr-14251	869	14	is	be	AUX
cblr-14251	869	15	one	one	NUM
cblr-14251	869	16	of	of	ADP
cblr-14251	869	17	“	"	PUNCT
cblr-14251	869	18	general	general	ADJ
cblr-14251	869	19	efficiency	efficiency	NOUN
cblr-14251	869	20	,	,	PUNCT
cblr-14251	869	21	”	"	PUNCT
cblr-14251	869	22	or	or	CCONJ
cblr-14251	869	23	the	the	DET
cblr-14251	869	24	“	"	PUNCT
cblr-14251	869	25	modest	modest	ADJ
cblr-14251	869	26	premise	premise	NOUN
cblr-14251	869	27	”	"	PUNCT
cblr-14251	869	28	that	that	SCONJ
cblr-14251	869	29	“	"	PUNCT
cblr-14251	869	30	public	public	ADJ
cblr-14251	869	31	information	information	NOUN
cblr-14251	869	32	generally	generally	ADV
cblr-14251	869	33	affects	affect	VERB
cblr-14251	869	34	stock	stock	NOUN
cblr-14251	869	35	prices	price	NOUN
cblr-14251	869	36	.	.	PUNCT
cblr-14251	869	37	”	"	PUNCT
cblr-14251	870	1	halliburton	halliburton	PROPN
cblr-14251	870	2	ii	ii	PROPN
cblr-14251	870	3	,	,	PUNCT
cblr-14251	870	4	573	573	NUM
cblr-14251	870	5	u.s	u.s	PROPN
cblr-14251	870	6	.	.	PROPN
cblr-14251	870	7	at	at	ADP
cblr-14251	870	8	277	277	NUM
cblr-14251	870	9	.	.	PUNCT
cblr-14251	871	1	see	see	VERB
cblr-14251	871	2	also	also	ADV
cblr-14251	871	3	ann	ann	PROPN
cblr-14251	871	4	m.	m.	PROPN
cblr-14251	871	5	lipton	lipton	PROPN
cblr-14251	871	6	,	,	PUNCT
cblr-14251	871	7	halliburton	halliburton	PROPN
cblr-14251	871	8	ii	ii	PROPN
cblr-14251	871	9	,	,	PUNCT
cblr-14251	871	10	286	286	NUM
cblr-14251	871	11	columbia	columbia	PROPN
cblr-14251	871	12	business	business	NOUN
cblr-14251	871	13	law	law	NOUN
cblr-14251	871	14	review	review	NOUN
cblr-14251	872	1	[	[	X
cblr-14251	872	2	vol	vol	NOUN
cblr-14251	872	3	.	.	PUNCT
cblr-14251	872	4	2025	2025	NUM
cblr-14251	872	5	relied	rely	VERB
cblr-14251	872	6	on	on	ADP
cblr-14251	872	7	“	"	PUNCT
cblr-14251	872	8	market	market	NOUN
cblr-14251	872	9	price	price	NOUN
cblr-14251	872	10	as	as	ADP
cblr-14251	872	11	an	an	DET
cblr-14251	872	12	unbiased	unbiased	ADJ
cblr-14251	872	13	evaluation	evaluation	NOUN
cblr-14251	872	14	of	of	ADP
cblr-14251	872	15	information	information	NOUN
cblr-14251	872	16	about	about	ADP
cblr-14251	872	17	that	that	DET
cblr-14251	872	18	stock	stock	NOUN
cblr-14251	872	19	.	.	PUNCT
cblr-14251	873	1	”215	”215	NOUN
cblr-14251	873	2	that	that	PRON
cblr-14251	873	3	is	be	AUX
cblr-14251	873	4	,	,	PUNCT
cblr-14251	873	5	investors	investor	NOUN
cblr-14251	873	6	’	’	PART
cblr-14251	873	7	reliance	reliance	NOUN
cblr-14251	873	8	on	on	ADP
cblr-14251	873	9	market	market	NOUN
cblr-14251	873	10	prices	price	NOUN
cblr-14251	873	11	acts	act	VERB
cblr-14251	873	12	as	as	ADP
cblr-14251	873	13	a	a	DET
cblr-14251	873	14	proxy	proxy	NOUN
cblr-14251	873	15	for	for	ADP
cblr-14251	873	16	their	their	PRON
cblr-14251	873	17	reliance	reliance	NOUN
cblr-14251	873	18	on	on	ADP
cblr-14251	873	19	the	the	DET
cblr-14251	873	20	misstatement	misstatement	NOUN
cblr-14251	873	21	.	.	PUNCT
cblr-14251	874	1	as	as	SCONJ
cblr-14251	874	2	the	the	DET
cblr-14251	874	3	supreme	supreme	PROPN
cblr-14251	874	4	court	court	PROPN
cblr-14251	874	5	has	have	AUX
cblr-14251	874	6	said	say	VERB
cblr-14251	874	7	:	:	PUNCT
cblr-14251	874	8	the	the	DET
cblr-14251	874	9	fraud	fraud	NOUN
cblr-14251	874	10	on	on	ADP
cblr-14251	874	11	the	the	DET
cblr-14251	874	12	market	market	NOUN
cblr-14251	874	13	theory	theory	NOUN
cblr-14251	874	14	is	be	AUX
cblr-14251	874	15	based	base	VERB
cblr-14251	874	16	on	on	ADP
cblr-14251	874	17	the	the	DET
cblr-14251	874	18	hypothesis	hypothesis	NOUN
cblr-14251	874	19	that	that	PRON
cblr-14251	874	20	,	,	PUNCT
cblr-14251	874	21	in	in	ADP
cblr-14251	874	22	an	an	DET
cblr-14251	874	23	open	open	ADJ
cblr-14251	874	24	and	and	CCONJ
cblr-14251	874	25	developed	developed	ADJ
cblr-14251	874	26	securities	security	NOUN
cblr-14251	874	27	market	market	NOUN
cblr-14251	874	28	,	,	PUNCT
cblr-14251	874	29	the	the	DET
cblr-14251	874	30	price	price	NOUN
cblr-14251	874	31	of	of	ADP
cblr-14251	874	32	a	a	DET
cblr-14251	874	33	company	company	NOUN
cblr-14251	874	34	’s	’s	PART
cblr-14251	874	35	stock	stock	NOUN
cblr-14251	874	36	is	be	AUX
cblr-14251	874	37	determined	determine	VERB
cblr-14251	874	38	by	by	ADP
cblr-14251	874	39	the	the	DET
cblr-14251	874	40	available	available	ADJ
cblr-14251	874	41	material	material	NOUN
cblr-14251	874	42	information	information	NOUN
cblr-14251	874	43	regarding	regard	VERB
cblr-14251	874	44	the	the	DET
cblr-14251	874	45	company	company	NOUN
cblr-14251	874	46	and	and	CCONJ
cblr-14251	874	47	its	its	PRON
cblr-14251	874	48	business	business	NOUN
cblr-14251	874	49	.	.	PUNCT
cblr-14251	875	1	misleading	mislead	VERB
cblr-14251	875	2	statements	statement	NOUN
cblr-14251	875	3	will	will	AUX
cblr-14251	875	4	therefore	therefore	ADV
cblr-14251	875	5	defraud	defraud	VERB
cblr-14251	875	6	purchasers	purchaser	NOUN
cblr-14251	875	7	of	of	ADP
cblr-14251	875	8	stock	stock	NOUN
cblr-14251	875	9	even	even	ADV
cblr-14251	875	10	if	if	SCONJ
cblr-14251	875	11	the	the	DET
cblr-14251	875	12	purchasers	purchaser	NOUN
cblr-14251	875	13	do	do	AUX
cblr-14251	875	14	not	not	PART
cblr-14251	875	15	directly	directly	ADV
cblr-14251	875	16	rely	rely	VERB
cblr-14251	875	17	on	on	ADP
cblr-14251	875	18	the	the	DET
cblr-14251	875	19	misstatements	misstatement	NOUN
cblr-14251	875	20	.	.	PUNCT
cblr-14251	876	1	the	the	DET
cblr-14251	876	2	causal	causal	ADJ
cblr-14251	876	3	connection	connection	NOUN
cblr-14251	876	4	between	between	ADP
cblr-14251	876	5	the	the	DET
cblr-14251	876	6	defendants	defendant	NOUN
cblr-14251	876	7	’	'	PUNCT
cblr-14251	876	8	fraud	fraud	NOUN
cblr-14251	876	9	and	and	CCONJ
cblr-14251	876	10	the	the	DET
cblr-14251	876	11	plaintiffs	plaintiff	NOUN
cblr-14251	876	12	’	'	PUNCT
cblr-14251	876	13	purchase	purchase	NOUN
cblr-14251	876	14	of	of	ADP
cblr-14251	876	15	stock	stock	NOUN
cblr-14251	876	16	in	in	ADP
cblr-14251	876	17	such	such	DET
cblr-14251	876	18	a	a	DET
cblr-14251	876	19	case	case	NOUN
cblr-14251	876	20	is	be	AUX
cblr-14251	876	21	no	no	PRON
cblr-14251	876	22	less	less	ADV
cblr-14251	876	23	significant	significant	ADJ
cblr-14251	876	24	than	than	ADP
cblr-14251	876	25	in	in	ADP
cblr-14251	876	26	a	a	DET
cblr-14251	876	27	case	case	NOUN
cblr-14251	876	28	of	of	ADP
cblr-14251	876	29	direct	direct	ADJ
cblr-14251	876	30	reliance	reliance	NOUN
cblr-14251	876	31	on	on	ADP
cblr-14251	876	32	misrepresentations.216	misrepresentations.216	PROPN
cblr-14251	876	33	professor	professor	NOUN
cblr-14251	876	34	menesh	menesh	ADJ
cblr-14251	876	35	patel	patel	NOUN
cblr-14251	876	36	has	have	AUX
cblr-14251	876	37	reminded	remind	VERB
cblr-14251	876	38	us	we	PRON
cblr-14251	876	39	that	that	SCONJ
cblr-14251	876	40	the	the	DET
cblr-14251	876	41	fraud	fraud	NOUN
cblr-14251	876	42	on	on	ADP
cblr-14251	876	43	the	the	DET
cblr-14251	876	44	market	market	NOUN
cblr-14251	876	45	theory	theory	NOUN
cblr-14251	876	46	is	be	AUX
cblr-14251	876	47	“	"	PUNCT
cblr-14251	876	48	based	base	VERB
cblr-14251	876	49	on	on	ADP
cblr-14251	876	50	the	the	DET
cblr-14251	876	51	supposition	supposition	NOUN
cblr-14251	876	52	that	that	SCONJ
cblr-14251	876	53	the	the	DET
cblr-14251	876	54	transactions	transaction	NOUN
cblr-14251	876	55	at	at	ADP
cblr-14251	876	56	issue	issue	NOUN
cblr-14251	876	57	occurred	occur	VERB
cblr-14251	876	58	in	in	ADP
cblr-14251	876	59	a	a	DET
cblr-14251	876	60	market	market	NOUN
cblr-14251	876	61	with	with	ADP
cblr-14251	876	62	an	an	DET
cblr-14251	876	63	informationally	informationally	ADV
cblr-14251	876	64	valuable	valuable	ADJ
cblr-14251	876	65	price	price	NOUN
cblr-14251	876	66	,	,	PUNCT
cblr-14251	876	67	in	in	ADP
cblr-14251	876	68	that	that	SCONJ
cblr-14251	876	69	the	the	DET
cblr-14251	876	70	asset	asset	NOUN
cblr-14251	876	71	’s	’s	PART
cblr-14251	876	72	price	price	NOUN
cblr-14251	876	73	sufficiently	sufficiently	ADV
cblr-14251	876	74	reflects	reflect	VERB
cblr-14251	876	75	material	material	NOUN
cblr-14251	876	76	,	,	PUNCT
cblr-14251	876	77	public	public	ADJ
cblr-14251	876	78	information	information	NOUN
cblr-14251	876	79	,	,	PUNCT
cblr-14251	876	80	as	as	ADV
cblr-14251	876	81	well	well	ADV
cblr-14251	876	82	as	as	ADP
cblr-14251	876	83	the	the	DET
cblr-14251	876	84	supposition	supposition	NOUN
cblr-14251	876	85	that	that	SCONJ
cblr-14251	876	86	traders	trader	NOUN
cblr-14251	876	87	rely	rely	VERB
cblr-14251	876	88	on	on	ADP
cblr-14251	876	89	the	the	DET
cblr-14251	876	90	integrity	integrity	NOUN
cblr-14251	876	91	of	of	ADP
cblr-14251	876	92	market	market	NOUN
cblr-14251	876	93	prices	price	NOUN
cblr-14251	876	94	.	.	PUNCT
cblr-14251	876	95	”217	”217	PUNCT
cblr-14251	877	1	and	and	CCONJ
cblr-14251	877	2	professor	professor	NOUN
cblr-14251	877	3	don	don	PROPN
cblr-14251	877	4	langevoort	langevoort	PROPN
cblr-14251	877	5	explains	explain	VERB
cblr-14251	877	6	that	that	SCONJ
cblr-14251	877	7	the	the	DET
cblr-14251	877	8	an	an	DET
cblr-14251	877	9	unexpected	unexpected	ADJ
cblr-14251	877	10	gift	gift	NOUN
cblr-14251	877	11	to	to	ADP
cblr-14251	877	12	plaintiffs	plaintiff	NOUN
cblr-14251	877	13	,	,	PUNCT
cblr-14251	877	14	bus	bus	NOUN
cblr-14251	877	15	.	.	PUNCT
cblr-14251	878	1	l.	l.	PROPN
cblr-14251	878	2	prof	prof	PROPN
cblr-14251	878	3	blog	blog	PROPN
cblr-14251	878	4	(	(	PUNCT
cblr-14251	878	5	june	june	PROPN
cblr-14251	878	6	28	28	NUM
cblr-14251	878	7	,	,	PUNCT
cblr-14251	878	8	2014	2014	NUM
cblr-14251	878	9	)	)	PUNCT
cblr-14251	878	10	,	,	PUNCT
cblr-14251	878	11	https://lawprofessors.typepad.com/business_law/2014/06/halliburton-ii-anunexpected-gift-to-plaintiffs.html	https://lawprofessors.typepad.com/business_law/2014/06/halliburton-ii-anunexpected-gift-to-plaintiffs.html	NOUN
cblr-14251	878	12	(	(	PUNCT
cblr-14251	878	13	“	"	PUNCT
cblr-14251	878	14	[	[	X
cblr-14251	878	15	t]he	t]he	ADJ
cblr-14251	878	16	supreme	supreme	PROPN
cblr-14251	878	17	court	court	PROPN
cblr-14251	878	18	’s	’s	PART
cblr-14251	878	19	language	language	NOUN
cblr-14251	878	20	in	in	ADP
cblr-14251	878	21	halliburton	halliburton	PROPN
cblr-14251	878	22	ii	ii	PROPN
cblr-14251	878	23	opens	open	VERB
cblr-14251	878	24	a	a	DET
cblr-14251	878	25	path	path	NOUN
cblr-14251	878	26	to	to	ADP
cblr-14251	878	27	a	a	DET
cblr-14251	878	28	looser	loose	ADJ
cblr-14251	878	29	definition	definition	NOUN
cblr-14251	878	30	of	of	ADP
cblr-14251	878	31	efficiency	efficiency	NOUN
cblr-14251	878	32	that	that	PRON
cblr-14251	878	33	more	more	ADV
cblr-14251	878	34	closely	closely	ADV
cblr-14251	878	35	comports	comport	VERB
cblr-14251	878	36	with	with	ADP
cblr-14251	878	37	the	the	DET
cblr-14251	878	38	relevant	relevant	ADJ
cblr-14251	878	39	legal	legal	ADJ
cblr-14251	878	40	question	question	NOUN
cblr-14251	878	41	,	,	PUNCT
cblr-14251	878	42	i.e.	i.e.	X
cblr-14251	878	43	,	,	PUNCT
cblr-14251	878	44	whether	whether	SCONJ
cblr-14251	878	45	the	the	DET
cblr-14251	878	46	market	market	NOUN
cblr-14251	878	47	has	have	VERB
cblr-14251	878	48	characteristics	characteristic	NOUN
cblr-14251	878	49	that	that	PRON
cblr-14251	878	50	make	make	VERB
cblr-14251	878	51	it	it	PRON
cblr-14251	878	52	reasonable	reasonable	ADJ
cblr-14251	878	53	to	to	PART
cblr-14251	878	54	assume	assume	VERB
cblr-14251	878	55	that	that	SCONJ
cblr-14251	878	56	false	false	ADJ
cblr-14251	878	57	statements	statement	NOUN
cblr-14251	878	58	affect	affect	VERB
cblr-14251	878	59	stock	stock	NOUN
cblr-14251	878	60	prices	price	NOUN
cblr-14251	878	61	in	in	ADP
cblr-14251	878	62	some	some	DET
cblr-14251	878	63	way	way	NOUN
cblr-14251	878	64	.	.	PUNCT
cblr-14251	878	65	”	"	PUNCT
cblr-14251	878	66	)	)	PUNCT
cblr-14251	878	67	.	.	PUNCT
cblr-14251	879	1	215	215	NUM
cblr-14251	879	2	lipton	lipton	PROPN
cblr-14251	879	3	,	,	PUNCT
cblr-14251	879	4	supra	supra	PROPN
cblr-14251	879	5	note	note	PROPN
cblr-14251	879	6	160	160	NUM
cblr-14251	879	7	,	,	PUNCT
cblr-14251	879	8	at	at	ADP
cblr-14251	879	9	744	744	NUM
cblr-14251	879	10	(	(	PUNCT
cblr-14251	879	11	“	"	PUNCT
cblr-14251	879	12	these	these	DET
cblr-14251	879	13	plaintiffs	plaintiff	NOUN
cblr-14251	879	14	are	be	AUX
cblr-14251	879	15	granted	grant	VERB
cblr-14251	879	16	the	the	DET
cblr-14251	879	17	benefit	benefit	NOUN
cblr-14251	879	18	of	of	ADP
cblr-14251	879	19	two	two	NUM
cblr-14251	879	20	rebuttable	rebuttable	ADJ
cblr-14251	879	21	evidentiary	evidentiary	ADJ
cblr-14251	879	22	presumptions	presumption	NOUN
cblr-14251	879	23	:	:	PUNCT
cblr-14251	879	24	first	first	ADV
cblr-14251	879	25	that	that	SCONJ
cblr-14251	879	26	any	any	DET
cblr-14251	879	27	public	public	NOUN
cblr-14251	879	28	,	,	PUNCT
cblr-14251	879	29	material	material	ADJ
cblr-14251	879	30	statements	statement	NOUN
cblr-14251	879	31	will	will	AUX
cblr-14251	879	32	have	have	AUX
cblr-14251	879	33	impacted	impact	VERB
cblr-14251	879	34	the	the	DET
cblr-14251	879	35	price	price	NOUN
cblr-14251	879	36	of	of	ADP
cblr-14251	879	37	the	the	DET
cblr-14251	879	38	subject	subject	NOUN
cblr-14251	879	39	stock	stock	NOUN
cblr-14251	879	40	,	,	PUNCT
cblr-14251	879	41	and	and	CCONJ
cblr-14251	879	42	second	second	ADJ
cblr-14251	879	43	,	,	PUNCT
cblr-14251	879	44	that	that	SCONJ
cblr-14251	879	45	investors	investor	NOUN
cblr-14251	879	46	transacting	transact	VERB
cblr-14251	879	47	in	in	ADP
cblr-14251	879	48	such	such	DET
cblr-14251	879	49	a	a	DET
cblr-14251	879	50	market	market	NOUN
cblr-14251	879	51	rely	rely	VERB
cblr-14251	879	52	on	on	ADP
cblr-14251	879	53	market	market	NOUN
cblr-14251	879	54	price	price	NOUN
cblr-14251	879	55	as	as	ADP
cblr-14251	879	56	an	an	DET
cblr-14251	879	57	unbiased	unbiased	ADJ
cblr-14251	879	58	evaluation	evaluation	NOUN
cblr-14251	879	59	of	of	ADP
cblr-14251	879	60	information	information	NOUN
cblr-14251	879	61	about	about	ADP
cblr-14251	879	62	that	that	DET
cblr-14251	879	63	stock	stock	NOUN
cblr-14251	879	64	.	.	PUNCT
cblr-14251	880	1	the	the	DET
cblr-14251	880	2	two	two	NUM
cblr-14251	880	3	presumptions	presumption	NOUN
cblr-14251	880	4	,	,	PUNCT
cblr-14251	880	5	together	together	ADV
cblr-14251	880	6	,	,	PUNCT
cblr-14251	880	7	create	create	VERB
cblr-14251	880	8	a	a	DET
cblr-14251	880	9	syllogism	syllogism	NOUN
cblr-14251	880	10	:	:	PUNCT
cblr-14251	880	11	the	the	DET
cblr-14251	880	12	price	price	NOUN
cblr-14251	880	13	is	be	AUX
cblr-14251	880	14	influenced	influence	VERB
cblr-14251	880	15	by	by	ADP
cblr-14251	880	16	defendants	defendant	NOUN
cblr-14251	880	17	’	’	PART
cblr-14251	880	18	statements	statement	NOUN
cblr-14251	880	19	,	,	PUNCT
cblr-14251	880	20	and	and	CCONJ
cblr-14251	880	21	investors	investor	NOUN
cblr-14251	880	22	rely	rely	VERB
cblr-14251	880	23	on	on	ADP
cblr-14251	880	24	that	that	DET
cblr-14251	880	25	price	price	NOUN
cblr-14251	880	26	,	,	PUNCT
cblr-14251	880	27	therefore	therefore	ADV
cblr-14251	880	28	,	,	PUNCT
cblr-14251	880	29	investors	investor	NOUN
cblr-14251	880	30	rely	rely	VERB
cblr-14251	880	31	on	on	ADP
cblr-14251	880	32	the	the	DET
cblr-14251	880	33	defendants	defendant	NOUN
cblr-14251	880	34	’	'	PUNCT
cblr-14251	880	35	statements	statement	NOUN
cblr-14251	880	36	.	.	PUNCT
cblr-14251	880	37	”	"	PUNCT
cblr-14251	880	38	)	)	PUNCT
cblr-14251	880	39	.	.	PUNCT
cblr-14251	881	1	see	see	VERB
cblr-14251	881	2	also	also	ADV
cblr-14251	881	3	lucian	lucian	PROPN
cblr-14251	881	4	a.	a.	PROPN
cblr-14251	881	5	bebchuk	bebchuk	PROPN
cblr-14251	881	6	&	&	CCONJ
cblr-14251	881	7	allen	allen	PROPN
cblr-14251	881	8	ferrell	ferrell	PROPN
cblr-14251	881	9	,	,	PUNCT
cblr-14251	881	10	rethinking	rethink	VERB
cblr-14251	881	11	basic	basic	ADJ
cblr-14251	881	12	,	,	PUNCT
cblr-14251	881	13	69	69	NUM
cblr-14251	881	14	bus	bus	NOUN
cblr-14251	881	15	.	.	PUNCT
cblr-14251	882	1	law	law	NOUN
cblr-14251	882	2	.	.	PUNCT
cblr-14251	883	1	671	671	NUM
cblr-14251	883	2	,	,	PUNCT
cblr-14251	883	3	672	672	NUM
cblr-14251	883	4	(	(	PUNCT
cblr-14251	883	5	2014	2014	NUM
cblr-14251	883	6	)	)	PUNCT
cblr-14251	883	7	.	.	PUNCT
cblr-14251	884	1	216	216	NUM
cblr-14251	884	2	basic	basic	PROPN
cblr-14251	884	3	inc	inc	PROPN
cblr-14251	884	4	.	.	PROPN
cblr-14251	884	5	v.	v.	PROPN
cblr-14251	884	6	levinson	levinson	PROPN
cblr-14251	884	7	,	,	PUNCT
cblr-14251	884	8	485	485	NUM
cblr-14251	884	9	u.s	u.s	PROPN
cblr-14251	884	10	.	.	PROPN
cblr-14251	884	11	224	224	NUM
cblr-14251	884	12	,	,	PUNCT
cblr-14251	884	13	241–42	241–42	NUM
cblr-14251	884	14	(	(	PUNCT
cblr-14251	884	15	1988	1988	NUM
cblr-14251	884	16	)	)	PUNCT
cblr-14251	884	17	.	.	PUNCT
cblr-14251	885	1	217	217	NUM
cblr-14251	885	2	patel	patel	NOUN
cblr-14251	885	3	,	,	PUNCT
cblr-14251	885	4	supra	supra	PROPN
cblr-14251	885	5	note	note	NOUN
cblr-14251	885	6	101	101	NUM
cblr-14251	885	7	,	,	PUNCT
cblr-14251	885	8	at	at	ADP
cblr-14251	885	9	208	208	NUM
cblr-14251	885	10	.	.	PUNCT
cblr-14251	886	1	see	see	VERB
cblr-14251	886	2	also	also	ADV
cblr-14251	886	3	basic	basic	ADJ
cblr-14251	886	4	,	,	PUNCT
cblr-14251	886	5	485	485	NUM
cblr-14251	886	6	u.s	u.s	PROPN
cblr-14251	886	7	.	.	PROPN
cblr-14251	886	8	at	at	ADP
cblr-14251	886	9	247	247	NUM
cblr-14251	886	10	(	(	PUNCT
cblr-14251	886	11	“	"	PUNCT
cblr-14251	886	12	an	an	DET
cblr-14251	886	13	investor	investor	NOUN
cblr-14251	886	14	who	who	PRON
cblr-14251	886	15	buys	buy	VERB
cblr-14251	886	16	or	or	CCONJ
cblr-14251	886	17	sells	sell	VERB
cblr-14251	886	18	stock	stock	NOUN
cblr-14251	886	19	at	at	ADP
cblr-14251	886	20	the	the	DET
cblr-14251	886	21	price	price	NOUN
cblr-14251	886	22	set	set	VERB
cblr-14251	886	23	by	by	ADP
cblr-14251	886	24	the	the	DET
cblr-14251	886	25	market	market	NOUN
cblr-14251	886	26	does	do	VERB
cblr-14251	886	27	so	so	ADV
cblr-14251	886	28	in	in	ADP
cblr-14251	886	29	reliance	reliance	NOUN
cblr-14251	886	30	on	on	ADP
cblr-14251	886	31	the	the	DET
cblr-14251	886	32	integrity	integrity	NOUN
cblr-14251	886	33	of	of	ADP
cblr-14251	886	34	that	that	DET
cblr-14251	886	35	price	price	NOUN
cblr-14251	886	36	.	.	PUNCT
cblr-14251	887	1	because	because	SCONJ
cblr-14251	887	2	most	most	ADJ
cblr-14251	887	3	publicly	publicly	ADV
cblr-14251	887	4	available	available	ADJ
cblr-14251	887	5	information	information	NOUN
cblr-14251	887	6	is	be	AUX
cblr-14251	887	7	reflected	reflect	VERB
cblr-14251	887	8	in	in	ADP
cblr-14251	887	9	market	market	NOUN
cblr-14251	887	10	price	price	NOUN
cblr-14251	887	11	,	,	PUNCT
cblr-14251	887	12	an	an	DET
cblr-14251	887	13	no	no	NOUN
cblr-14251	887	14	.	.	NOUN
cblr-14251	887	15	1	1	NUM
cblr-14251	887	16	]	]	PUNCT
cblr-14251	887	17	securities	security	NOUN
cblr-14251	887	18	fraud	fraud	NOUN
cblr-14251	887	19	and	and	CCONJ
cblr-14251	887	20	the	the	DET
cblr-14251	887	21	market	market	NOUN
cblr-14251	887	22	for	for	ADP
cblr-14251	887	23	individual	individual	ADJ
cblr-14251	887	24	stocks	stock	NOUN
cblr-14251	887	25	287	287	NUM
cblr-14251	887	26	court	court	NOUN
cblr-14251	887	27	’s	’s	PART
cblr-14251	887	28	opinion	opinion	NOUN
cblr-14251	887	29	in	in	ADP
cblr-14251	887	30	basic	basic	ADJ
cblr-14251	887	31	“	"	PUNCT
cblr-14251	887	32	allows	allow	VERB
cblr-14251	887	33	recovery	recovery	NOUN
cblr-14251	887	34	without	without	ADP
cblr-14251	887	35	a	a	DET
cblr-14251	887	36	showing	showing	NOUN
cblr-14251	887	37	of	of	ADP
cblr-14251	887	38	actual	actual	ADJ
cblr-14251	887	39	reliance	reliance	NOUN
cblr-14251	887	40	on	on	ADP
cblr-14251	887	41	the	the	DET
cblr-14251	887	42	fraud	fraud	NOUN
cblr-14251	887	43	that	that	PRON
cblr-14251	887	44	is	be	AUX
cblr-14251	887	45	justifiable	justifiable	ADJ
cblr-14251	887	46	so	so	ADV
cblr-14251	887	47	long	long	ADV
cblr-14251	887	48	as	as	SCONJ
cblr-14251	887	49	the	the	DET
cblr-14251	887	50	market	market	NOUN
cblr-14251	887	51	is	be	AUX
cblr-14251	887	52	sufficiently	sufficiently	ADV
cblr-14251	887	53	well	well	ADV
cblr-14251	887	54	-	-	PUNCT
cblr-14251	887	55	organized	organize	VERB
cblr-14251	887	56	that	that	SCONJ
cblr-14251	887	57	we	we	PRON
cblr-14251	887	58	have	have	VERB
cblr-14251	887	59	reason	reason	NOUN
cblr-14251	887	60	to	to	PART
cblr-14251	887	61	believe	believe	VERB
cblr-14251	887	62	that	that	SCONJ
cblr-14251	887	63	fraud	fraud	NOUN
cblr-14251	887	64	is	be	AUX
cblr-14251	887	65	likely	likely	ADJ
cblr-14251	887	66	to	to	PART
cblr-14251	887	67	distort	distort	VERB
cblr-14251	887	68	the	the	DET
cblr-14251	887	69	price	price	NOUN
cblr-14251	887	70	.	.	PUNCT
cblr-14251	887	71	”218	”218	NOUN
cblr-14251	888	1	however	however	ADV
cblr-14251	888	2	,	,	PUNCT
cblr-14251	888	3	a	a	DET
cblr-14251	888	4	market	market	NOUN
cblr-14251	888	5	for	for	ADP
cblr-14251	888	6	individual	individual	ADJ
cblr-14251	888	7	stocks	stock	NOUN
cblr-14251	888	8	poses	pose	VERB
cblr-14251	888	9	difficulties	difficulty	NOUN
cblr-14251	888	10	for	for	ADP
cblr-14251	888	11	the	the	DET
cblr-14251	888	12	neat	neat	ADJ
cblr-14251	888	13	relationship	relationship	NOUN
cblr-14251	888	14	between	between	ADP
cblr-14251	888	15	information	information	NOUN
cblr-14251	888	16	,	,	PUNCT
cblr-14251	888	17	market	market	NOUN
cblr-14251	888	18	prices	price	NOUN
cblr-14251	888	19	,	,	PUNCT
cblr-14251	888	20	and	and	CCONJ
cblr-14251	888	21	reliance	reliance	NOUN
cblr-14251	888	22	that	that	PRON
cblr-14251	888	23	the	the	DET
cblr-14251	888	24	fraud	fraud	NOUN
cblr-14251	888	25	on	on	ADP
cblr-14251	888	26	the	the	DET
cblr-14251	888	27	market	market	NOUN
cblr-14251	888	28	theory	theory	NOUN
cblr-14251	888	29	reflects	reflect	VERB
cblr-14251	888	30	.	.	PUNCT
cblr-14251	889	1	on	on	ADP
cblr-14251	889	2	the	the	DET
cblr-14251	889	3	one	one	NUM
cblr-14251	889	4	hand	hand	NOUN
cblr-14251	889	5	,	,	PUNCT
cblr-14251	889	6	as	as	SCONJ
cblr-14251	889	7	the	the	DET
cblr-14251	889	8	universe	universe	NOUN
cblr-14251	889	9	of	of	ADP
cblr-14251	889	10	information	information	NOUN
cblr-14251	889	11	that	that	PRON
cblr-14251	889	12	affects	affect	VERB
cblr-14251	889	13	market	market	NOUN
cblr-14251	889	14	price	price	NOUN
cblr-14251	889	15	expands	expand	VERB
cblr-14251	889	16	,	,	PUNCT
cblr-14251	889	17	so	so	ADV
cblr-14251	889	18	does	do	VERB
cblr-14251	889	19	the	the	DET
cblr-14251	889	20	universe	universe	NOUN
cblr-14251	889	21	of	of	ADP
cblr-14251	889	22	statements	statement	NOUN
cblr-14251	889	23	that	that	PRON
cblr-14251	889	24	plaintiffs	plaintiff	NOUN
cblr-14251	889	25	can	can	AUX
cblr-14251	889	26	and	and	CCONJ
cblr-14251	889	27	do	do	AUX
cblr-14251	889	28	rely	rely	VERB
cblr-14251	889	29	upon	upon	SCONJ
cblr-14251	889	30	.	.	PUNCT
cblr-14251	890	1	on	on	ADP
cblr-14251	890	2	the	the	DET
cblr-14251	890	3	other	other	ADJ
cblr-14251	890	4	hand	hand	NOUN
cblr-14251	890	5	,	,	PUNCT
cblr-14251	890	6	if	if	SCONJ
cblr-14251	890	7	investors	investor	NOUN
cblr-14251	890	8	purchase	purchase	VERB
cblr-14251	890	9	stocks	stock	NOUN
cblr-14251	890	10	for	for	ADP
cblr-14251	890	11	heterogeneous	heterogeneous	ADJ
cblr-14251	890	12	,	,	PUNCT
cblr-14251	890	13	demand	demand	NOUN
cblr-14251	890	14	-	-	PUNCT
cblr-14251	890	15	driven	drive	VERB
cblr-14251	890	16	reasons	reason	NOUN
cblr-14251	890	17	,	,	PUNCT
cblr-14251	890	18	it	it	PRON
cblr-14251	890	19	is	be	AUX
cblr-14251	890	20	not	not	PART
cblr-14251	890	21	clear	clear	ADJ
cblr-14251	890	22	that	that	SCONJ
cblr-14251	890	23	those	those	DET
cblr-14251	890	24	investors	investor	NOUN
cblr-14251	890	25	actually	actually	ADV
cblr-14251	890	26	did	do	AUX
cblr-14251	890	27	rely	rely	VERB
cblr-14251	890	28	on	on	ADP
cblr-14251	890	29	the	the	DET
cblr-14251	890	30	market	market	NOUN
cblr-14251	890	31	price	price	NOUN
cblr-14251	890	32	to	to	PART
cblr-14251	890	33	convey	convey	VERB
cblr-14251	890	34	or	or	CCONJ
cblr-14251	890	35	reflect	reflect	VERB
cblr-14251	890	36	that	that	DET
cblr-14251	890	37	information	information	NOUN
cblr-14251	890	38	.	.	PUNCT
cblr-14251	891	1	for	for	ADP
cblr-14251	891	2	example	example	NOUN
cblr-14251	891	3	,	,	PUNCT
cblr-14251	891	4	professor	professor	NOUN
cblr-14251	891	5	aneil	aneil	NOUN
cblr-14251	891	6	kovvali	kovvali	PROPN
cblr-14251	891	7	has	have	AUX
cblr-14251	891	8	observed	observe	VERB
cblr-14251	891	9	that	that	SCONJ
cblr-14251	891	10	certain	certain	ADJ
cblr-14251	891	11	factors	factor	NOUN
cblr-14251	891	12	are	be	AUX
cblr-14251	891	13	unlikely	unlikely	ADJ
cblr-14251	891	14	to	to	PART
cblr-14251	891	15	be	be	AUX
cblr-14251	891	16	adequately	adequately	ADV
cblr-14251	891	17	reflected	reflect	VERB
cblr-14251	891	18	in	in	ADP
cblr-14251	891	19	market	market	NOUN
cblr-14251	891	20	prices	price	NOUN
cblr-14251	891	21	,	,	PUNCT
cblr-14251	891	22	for	for	ADP
cblr-14251	891	23	example	example	NOUN
cblr-14251	891	24	esg	esg	PROPN
cblr-14251	891	25	considerations.219	considerations.219	NOUN
cblr-14251	891	26	the	the	DET
cblr-14251	891	27	issue	issue	NOUN
cblr-14251	891	28	may	may	AUX
cblr-14251	891	29	also	also	ADV
cblr-14251	891	30	be	be	AUX
cblr-14251	891	31	more	more	ADV
cblr-14251	891	32	nuanced	nuanced	ADJ
cblr-14251	891	33	:	:	PUNCT
cblr-14251	891	34	if	if	SCONJ
cblr-14251	891	35	investors	investor	NOUN
cblr-14251	891	36	purchase	purchase	VERB
cblr-14251	891	37	stocks	stock	NOUN
cblr-14251	891	38	partially	partially	ADV
cblr-14251	891	39	for	for	ADP
cblr-14251	891	40	demanddriven	demanddriven	VERB
cblr-14251	891	41	reasons	reason	NOUN
cblr-14251	891	42	and	and	CCONJ
cblr-14251	891	43	partially	partially	ADV
cblr-14251	891	44	for	for	ADP
cblr-14251	891	45	those	those	DET
cblr-14251	891	46	stocks	stock	NOUN
cblr-14251	891	47	’	'	PUNCT
cblr-14251	891	48	financial	financial	ADJ
cblr-14251	891	49	profiles	profile	NOUN
cblr-14251	891	50	,	,	PUNCT
cblr-14251	891	51	does	do	AUX
cblr-14251	891	52	that	that	PRON
cblr-14251	891	53	mean	mean	VERB
cblr-14251	891	54	that	that	SCONJ
cblr-14251	891	55	an	an	DET
cblr-14251	891	56	investor	investor	NOUN
cblr-14251	891	57	partially	partially	ADV
cblr-14251	891	58	relied	rely	VERB
cblr-14251	891	59	on	on	ADP
cblr-14251	891	60	the	the	DET
cblr-14251	891	61	market	market	NOUN
cblr-14251	891	62	price	price	NOUN
cblr-14251	891	63	in	in	ADP
cblr-14251	891	64	making	make	VERB
cblr-14251	891	65	their	their	PRON
cblr-14251	891	66	purchase	purchase	NOUN
cblr-14251	891	67	?	?	PUNCT
cblr-14251	892	1	taken	take	VERB
cblr-14251	892	2	to	to	ADP
cblr-14251	892	3	the	the	DET
cblr-14251	892	4	extreme	extreme	NOUN
cblr-14251	892	5	,	,	PUNCT
cblr-14251	892	6	one	one	PRON
cblr-14251	892	7	could	could	AUX
cblr-14251	892	8	argue	argue	VERB
cblr-14251	892	9	that	that	SCONJ
cblr-14251	892	10	demand	demand	NOUN
cblr-14251	892	11	-	-	PUNCT
cblr-14251	892	12	driven	drive	VERB
cblr-14251	892	13	factors	factor	NOUN
cblr-14251	892	14	weaken	weaken	VERB
cblr-14251	892	15	any	any	DET
cblr-14251	892	16	presumption	presumption	NOUN
cblr-14251	892	17	of	of	ADP
cblr-14251	892	18	investor	investor	NOUN
cblr-14251	892	19	reliance	reliance	NOUN
cblr-14251	892	20	on	on	ADP
cblr-14251	892	21	market	market	NOUN
cblr-14251	892	22	efficiency	efficiency	NOUN
cblr-14251	892	23	so	so	ADV
cblr-14251	892	24	much	much	ADV
cblr-14251	892	25	as	as	SCONJ
cblr-14251	892	26	to	to	PART
cblr-14251	892	27	remove	remove	VERB
cblr-14251	892	28	the	the	DET
cblr-14251	892	29	possibility	possibility	NOUN
cblr-14251	892	30	of	of	ADP
cblr-14251	892	31	class	class	NOUN
cblr-14251	892	32	certification	certification	NOUN
cblr-14251	892	33	.	.	PUNCT
cblr-14251	893	1	that	that	PRON
cblr-14251	893	2	is	be	AUX
cblr-14251	893	3	,	,	PUNCT
cblr-14251	893	4	if	if	SCONJ
cblr-14251	893	5	sufficient	sufficient	ADJ
cblr-14251	893	6	numbers	number	NOUN
cblr-14251	893	7	of	of	ADP
cblr-14251	893	8	investors	investor	NOUN
cblr-14251	893	9	trade	trade	VERB
cblr-14251	893	10	for	for	ADP
cblr-14251	893	11	demand	demand	NOUN
cblr-14251	893	12	-	-	PUNCT
cblr-14251	893	13	driven	drive	VERB
cblr-14251	893	14	reasons	reason	NOUN
cblr-14251	893	15	unrelated	unrelated	ADJ
cblr-14251	893	16	to	to	ADP
cblr-14251	893	17	traditional	traditional	ADJ
cblr-14251	893	18	understandings	understanding	NOUN
cblr-14251	893	19	of	of	ADP
cblr-14251	893	20	“	"	PUNCT
cblr-14251	893	21	information	information	NOUN
cblr-14251	893	22	,	,	PUNCT
cblr-14251	893	23	”	"	PUNCT
cblr-14251	893	24	their	their	PRON
cblr-14251	893	25	trading	trading	NOUN
cblr-14251	893	26	may	may	AUX
cblr-14251	893	27	be	be	AUX
cblr-14251	893	28	seen	see	VERB
cblr-14251	893	29	to	to	PART
cblr-14251	893	30	so	so	ADV
cblr-14251	893	31	distort	distort	VERB
cblr-14251	893	32	the	the	DET
cblr-14251	893	33	price	price	NOUN
cblr-14251	893	34	that	that	PRON
cblr-14251	893	35	the	the	DET
cblr-14251	893	36	market	market	NOUN
cblr-14251	893	37	for	for	ADP
cblr-14251	893	38	that	that	DET
cblr-14251	893	39	security	security	NOUN
cblr-14251	893	40	is	be	AUX
cblr-14251	893	41	no	no	DET
cblr-14251	893	42	investor	investor	NOUN
cblr-14251	893	43	’s	’s	PART
cblr-14251	893	44	reliance	reliance	NOUN
cblr-14251	893	45	on	on	ADP
cblr-14251	893	46	any	any	DET
cblr-14251	893	47	public	public	ADJ
cblr-14251	893	48	material	material	NOUN
cblr-14251	893	49	misrepresentations	misrepresentation	NOUN
cblr-14251	893	50	,	,	PUNCT
cblr-14251	893	51	therefore	therefore	ADV
cblr-14251	893	52	,	,	PUNCT
cblr-14251	893	53	may	may	AUX
cblr-14251	893	54	be	be	AUX
cblr-14251	893	55	presumed	presume	VERB
cblr-14251	893	56	for	for	ADP
cblr-14251	893	57	purposes	purpose	NOUN
cblr-14251	893	58	of	of	ADP
cblr-14251	893	59	a	a	DET
cblr-14251	893	60	rule	rule	NOUN
cblr-14251	893	61	10b-5	10b-5	NUM
cblr-14251	893	62	action	action	NOUN
cblr-14251	893	63	.	.	PUNCT
cblr-14251	893	64	”	"	PUNCT
cblr-14251	893	65	)	)	PUNCT
cblr-14251	893	66	.	.	PUNCT
cblr-14251	894	1	218	218	NUM
cblr-14251	894	2	langevoort	langevoort	NOUN
cblr-14251	894	3	,	,	PUNCT
cblr-14251	894	4	basic	basic	ADJ
cblr-14251	894	5	at	at	ADP
cblr-14251	894	6	twenty	twenty	NUM
cblr-14251	894	7	,	,	PUNCT
cblr-14251	894	8	supra	supra	ADJ
cblr-14251	894	9	note	note	NOUN
cblr-14251	894	10	103	103	NUM
cblr-14251	894	11	,	,	PUNCT
cblr-14251	894	12	at	at	ADP
cblr-14251	894	13	27	27	NUM
cblr-14251	894	14	.	.	PUNCT
cblr-14251	894	15	219	219	NUM
cblr-14251	894	16	aneil	aneil	NOUN
cblr-14251	894	17	kovvali	kovvali	PROPN
cblr-14251	894	18	,	,	PUNCT
cblr-14251	894	19	esg	esg	PROPN
cblr-14251	894	20	and	and	CCONJ
cblr-14251	894	21	securities	security	NOUN
cblr-14251	894	22	litigation	litigation	NOUN
cblr-14251	894	23	:	:	PUNCT
cblr-14251	894	24	a	a	DET
cblr-14251	894	25	basic	basic	ADJ
cblr-14251	894	26	contradiction	contradiction	NOUN
cblr-14251	894	27	,	,	PUNCT
cblr-14251	894	28	73	73	NUM
cblr-14251	894	29	duke	duke	PROPN
cblr-14251	894	30	l.j	l.j	PROPN
cblr-14251	894	31	.	.	PROPN
cblr-14251	894	32	1229–94	1229–94	NUM
cblr-14251	894	33	(	(	PUNCT
cblr-14251	894	34	2024	2024	NUM
cblr-14251	894	35	)	)	PUNCT
cblr-14251	894	36	(	(	PUNCT
cblr-14251	894	37	explaining	explain	VERB
cblr-14251	894	38	that	that	SCONJ
cblr-14251	894	39	it	it	PRON
cblr-14251	894	40	may	may	AUX
cblr-14251	894	41	be	be	AUX
cblr-14251	894	42	unreasonable	unreasonable	ADJ
cblr-14251	894	43	for	for	SCONJ
cblr-14251	894	44	an	an	DET
cblr-14251	894	45	investor	investor	NOUN
cblr-14251	894	46	to	to	PART
cblr-14251	894	47	expect	expect	VERB
cblr-14251	894	48	that	that	SCONJ
cblr-14251	894	49	market	market	NOUN
cblr-14251	894	50	prices	price	NOUN
cblr-14251	894	51	reflect	reflect	VERB
cblr-14251	894	52	esg	esg	NOUN
cblr-14251	894	53	considerations	consideration	NOUN
cblr-14251	894	54	because	because	SCONJ
cblr-14251	894	55	information	information	NOUN
cblr-14251	894	56	may	may	AUX
cblr-14251	894	57	be	be	AUX
cblr-14251	894	58	insufficient	insufficient	ADJ
cblr-14251	894	59	,	,	PUNCT
cblr-14251	894	60	profitable	profitable	ADJ
cblr-14251	894	61	opportunities	opportunity	NOUN
cblr-14251	894	62	may	may	AUX
cblr-14251	894	63	be	be	AUX
cblr-14251	894	64	scarce	scarce	ADJ
cblr-14251	894	65	,	,	PUNCT
cblr-14251	894	66	and	and	CCONJ
cblr-14251	894	67	translating	translate	VERB
cblr-14251	894	68	knowledge	knowledge	NOUN
cblr-14251	894	69	into	into	ADP
cblr-14251	894	70	a	a	DET
cblr-14251	894	71	trading	trading	NOUN
cblr-14251	894	72	strategy	strategy	NOUN
cblr-14251	894	73	is	be	AUX
cblr-14251	894	74	theoretically	theoretically	ADV
cblr-14251	894	75	and	and	CCONJ
cblr-14251	894	76	practically	practically	ADV
cblr-14251	894	77	challenging	challenging	ADJ
cblr-14251	894	78	)	)	PUNCT
cblr-14251	894	79	.	.	PUNCT
cblr-14251	895	1	see	see	VERB
cblr-14251	895	2	also	also	ADV
cblr-14251	895	3	christine	christine	PROPN
cblr-14251	895	4	hurt	hurt	PROPN
cblr-14251	895	5	&	&	CCONJ
cblr-14251	895	6	paul	paul	PROPN
cblr-14251	895	7	stancil	stancil	PROPN
cblr-14251	895	8	,	,	PUNCT
cblr-14251	895	9	short	short	ADJ
cblr-14251	895	10	sellers	seller	NOUN
cblr-14251	895	11	,	,	PUNCT
cblr-14251	895	12	short	short	ADJ
cblr-14251	895	13	squeezes	squeeze	NOUN
cblr-14251	895	14	,	,	PUNCT
cblr-14251	895	15	and	and	CCONJ
cblr-14251	895	16	securities	security	NOUN
cblr-14251	895	17	fraud	fraud	NOUN
cblr-14251	895	18	,	,	PUNCT
cblr-14251	895	19	47	47	NUM
cblr-14251	895	20	j.	j.	PROPN
cblr-14251	895	21	corp	corp	PROPN
cblr-14251	895	22	.	.	PROPN
cblr-14251	895	23	l.	l.	PROPN
cblr-14251	895	24	105	105	NUM
cblr-14251	895	25	(	(	PUNCT
cblr-14251	895	26	2021	2021	NUM
cblr-14251	895	27	)	)	PUNCT
cblr-14251	895	28	(	(	PUNCT
cblr-14251	895	29	arguing	argue	VERB
cblr-14251	895	30	that	that	SCONJ
cblr-14251	895	31	short	short	ADJ
cblr-14251	895	32	sellers	seller	NOUN
cblr-14251	895	33	and	and	CCONJ
cblr-14251	895	34	other	other	ADJ
cblr-14251	895	35	atypical	atypical	ADJ
cblr-14251	895	36	investors	investor	NOUN
cblr-14251	895	37	should	should	AUX
cblr-14251	895	38	be	be	AUX
cblr-14251	895	39	excluded	exclude	VERB
cblr-14251	895	40	from	from	ADP
cblr-14251	895	41	securities	security	NOUN
cblr-14251	895	42	fraud	fraud	NOUN
cblr-14251	895	43	class	class	NOUN
cblr-14251	895	44	actions	action	NOUN
cblr-14251	895	45	because	because	SCONJ
cblr-14251	895	46	,	,	PUNCT
cblr-14251	895	47	among	among	ADP
cblr-14251	895	48	other	other	ADJ
cblr-14251	895	49	reasons	reason	NOUN
cblr-14251	895	50	,	,	PUNCT
cblr-14251	895	51	they	they	PRON
cblr-14251	895	52	should	should	AUX
cblr-14251	895	53	not	not	PART
cblr-14251	895	54	be	be	AUX
cblr-14251	895	55	entitled	entitle	VERB
cblr-14251	895	56	to	to	ADP
cblr-14251	895	57	the	the	DET
cblr-14251	895	58	basic	basic	ADJ
cblr-14251	895	59	assumption	assumption	NOUN
cblr-14251	895	60	of	of	ADP
cblr-14251	895	61	reliance	reliance	NOUN
cblr-14251	895	62	)	)	PUNCT
cblr-14251	895	63	.	.	PUNCT
cblr-14251	896	1	288	288	NUM
cblr-14251	896	2	columbia	columbia	PROPN
cblr-14251	896	3	business	business	NOUN
cblr-14251	896	4	law	law	PROPN
cblr-14251	896	5	review	review	NOUN
cblr-14251	896	6	[	[	X
cblr-14251	896	7	vol	vol	NOUN
cblr-14251	896	8	.	.	PUNCT
cblr-14251	896	9	2025	2025	NUM
cblr-14251	896	10	longer	long	ADV
cblr-14251	896	11	deemed	deem	VERB
cblr-14251	896	12	efficient	efficient	ADJ
cblr-14251	896	13	.	.	PUNCT
cblr-14251	897	1	if	if	SCONJ
cblr-14251	897	2	that	that	PRON
cblr-14251	897	3	is	be	AUX
cblr-14251	897	4	the	the	DET
cblr-14251	897	5	case	case	NOUN
cblr-14251	897	6	,	,	PUNCT
cblr-14251	897	7	the	the	DET
cblr-14251	897	8	fraud	fraud	NOUN
cblr-14251	897	9	-	-	PUNCT
cblr-14251	897	10	on	on	ADP
cblr-14251	897	11	-	-	PUNCT
cblr-14251	897	12	themarket	themarket	NOUN
cblr-14251	897	13	presumption	presumption	NOUN
cblr-14251	897	14	may	may	AUX
cblr-14251	897	15	no	no	ADV
cblr-14251	897	16	longer	long	ADV
cblr-14251	897	17	be	be	AUX
cblr-14251	897	18	available	available	ADJ
cblr-14251	897	19	to	to	ADP
cblr-14251	897	20	those	those	DET
cblr-14251	897	21	investors.220	investors.220	NOUN
cblr-14251	897	22	to	to	PART
cblr-14251	897	23	see	see	VERB
cblr-14251	897	24	how	how	SCONJ
cblr-14251	897	25	this	this	PRON
cblr-14251	897	26	might	might	AUX
cblr-14251	897	27	work	work	VERB
cblr-14251	897	28	,	,	PUNCT
cblr-14251	897	29	return	return	VERB
cblr-14251	897	30	again	again	ADV
cblr-14251	897	31	to	to	ADP
cblr-14251	897	32	the	the	DET
cblr-14251	897	33	example	example	NOUN
cblr-14251	897	34	of	of	ADP
cblr-14251	897	35	ryan	ryan	PROPN
cblr-14251	897	36	cohen	cohen	PROPN
cblr-14251	897	37	and	and	CCONJ
cblr-14251	897	38	his	his	PRON
cblr-14251	897	39	moon	moon	NOUN
cblr-14251	897	40	emoji	emoji	PROPN
cblr-14251	897	41	tweet	tweet	NOUN
cblr-14251	897	42	in	in	ADP
cblr-14251	897	43	in	in	ADP
cblr-14251	897	44	re	re	NOUN
cblr-14251	897	45	bed	bed	NOUN
cblr-14251	897	46	bath	bath	NOUN
cblr-14251	897	47	and	and	CCONJ
cblr-14251	897	48	beyond	beyond	ADP
cblr-14251	897	49	.	.	PUNCT
cblr-14251	898	1	on	on	ADP
cblr-14251	898	2	september	september	PROPN
cblr-14251	898	3	27	27	NUM
cblr-14251	898	4	,	,	PUNCT
cblr-14251	898	5	2024	2024	NUM
cblr-14251	898	6	,	,	PUNCT
cblr-14251	898	7	the	the	DET
cblr-14251	898	8	district	district	NOUN
cblr-14251	898	9	court	court	NOUN
cblr-14251	898	10	for	for	ADP
cblr-14251	898	11	the	the	DET
cblr-14251	898	12	district	district	PROPN
cblr-14251	898	13	of	of	ADP
cblr-14251	898	14	columbia	columbia	PROPN
cblr-14251	898	15	denied	deny	VERB
cblr-14251	898	16	plaintiffs	plaintiff	NOUN
cblr-14251	898	17	’	’	PART
cblr-14251	898	18	motion	motion	NOUN
cblr-14251	898	19	for	for	ADP
cblr-14251	898	20	class	class	NOUN
cblr-14251	898	21	certification	certification	NOUN
cblr-14251	898	22	,	,	PUNCT
cblr-14251	898	23	finding	find	VERB
cblr-14251	898	24	that	that	SCONJ
cblr-14251	898	25	plaintiffs	plaintiff	NOUN
cblr-14251	898	26	failed	fail	VERB
cblr-14251	898	27	to	to	PART
cblr-14251	898	28	show	show	VERB
cblr-14251	898	29	that	that	SCONJ
cblr-14251	898	30	the	the	DET
cblr-14251	898	31	market	market	NOUN
cblr-14251	898	32	for	for	ADP
cblr-14251	898	33	bed	bed	NOUN
cblr-14251	898	34	bath	bath	NOUN
cblr-14251	898	35	and	and	CCONJ
cblr-14251	898	36	beyond	beyond	ADP
cblr-14251	898	37	’s	’s	NOUN
cblr-14251	898	38	stock	stock	NOUN
cblr-14251	898	39	was	be	AUX
cblr-14251	898	40	efficient	efficient	ADJ
cblr-14251	898	41	during	during	ADP
cblr-14251	898	42	the	the	DET
cblr-14251	898	43	class	class	NOUN
cblr-14251	898	44	period.221	period.221	NOUN
cblr-14251	898	45	because	because	SCONJ
cblr-14251	898	46	of	of	ADP
cblr-14251	898	47	evidence	evidence	NOUN
cblr-14251	898	48	demonstrating	demonstrate	VERB
cblr-14251	898	49	a	a	DET
cblr-14251	898	50	short	short	ADJ
cblr-14251	898	51	squeeze	squeeze	NOUN
cblr-14251	898	52	occurring	occur	VERB
cblr-14251	898	53	during	during	ADP
cblr-14251	898	54	the	the	DET
cblr-14251	898	55	class	class	NOUN
cblr-14251	898	56	period	period	NOUN
cblr-14251	898	57	,	,	PUNCT
cblr-14251	898	58	which	which	PRON
cblr-14251	898	59	,	,	PUNCT
cblr-14251	898	60	according	accord	VERB
cblr-14251	898	61	to	to	ADP
cblr-14251	898	62	defendants	defendant	NOUN
cblr-14251	898	63	’	'	PUNCT
cblr-14251	898	64	expert	expert	NOUN
cblr-14251	898	65	,	,	PUNCT
cblr-14251	898	66	“	"	PUNCT
cblr-14251	898	67	so	so	ADV
cblr-14251	898	68	distorted	distort	VERB
cblr-14251	898	69	the	the	DET
cblr-14251	898	70	stock	stock	NOUN
cblr-14251	898	71	’s	’s	PART
cblr-14251	898	72	price	price	NOUN
cblr-14251	898	73	that	that	PRON
cblr-14251	898	74	it	it	PRON
cblr-14251	898	75	no	no	ADV
cblr-14251	898	76	longer	long	ADV
cblr-14251	898	77	efficiently	efficiently	ADV
cblr-14251	898	78	reflected	reflect	VERB
cblr-14251	898	79	‘	'	PUNCT
cblr-14251	898	80	value	value	NOUN
cblr-14251	898	81	-	-	PUNCT
cblr-14251	898	82	relevant	relevant	ADJ
cblr-14251	898	83	’	'	PUNCT
cblr-14251	898	84	information	information	NOUN
cblr-14251	898	85	,	,	PUNCT
cblr-14251	898	86	”	"	PUNCT
cblr-14251	898	87	the	the	DET
cblr-14251	898	88	court	court	NOUN
cblr-14251	898	89	was	be	AUX
cblr-14251	898	90	persuaded	persuade	VERB
cblr-14251	898	91	that	that	SCONJ
cblr-14251	898	92	the	the	DET
cblr-14251	898	93	market	market	NOUN
cblr-14251	898	94	for	for	ADP
cblr-14251	898	95	bed	bed	NOUN
cblr-14251	898	96	bath	bath	NOUN
cblr-14251	898	97	and	and	CCONJ
cblr-14251	898	98	beyond	beyond	ADP
cblr-14251	898	99	’s	’s	NOUN
cblr-14251	898	100	stock	stock	NOUN
cblr-14251	898	101	was	be	AUX
cblr-14251	898	102	inefficient	inefficient	ADJ
cblr-14251	898	103	during	during	ADP
cblr-14251	898	104	the	the	DET
cblr-14251	898	105	relevant	relevant	ADJ
cblr-14251	898	106	period.222	period.222	NOUN
cblr-14251	898	107	the	the	DET
cblr-14251	898	108	court	court	NOUN
cblr-14251	898	109	also	also	ADV
cblr-14251	898	110	pointed	point	VERB
cblr-14251	898	111	out	out	ADP
cblr-14251	898	112	that	that	SCONJ
cblr-14251	898	113	cohen	cohen	PROPN
cblr-14251	898	114	successfully	successfully	ADV
cblr-14251	898	115	rebutted	rebut	VERB
cblr-14251	898	116	any	any	DET
cblr-14251	898	117	presumption	presumption	NOUN
cblr-14251	898	118	of	of	ADP
cblr-14251	898	119	reliance	reliance	NOUN
cblr-14251	898	120	by	by	ADP
cblr-14251	898	121	showing	show	VERB
cblr-14251	898	122	lack	lack	NOUN
cblr-14251	898	123	of	of	ADP
cblr-14251	898	124	price	price	NOUN
cblr-14251	898	125	impact	impact	NOUN
cblr-14251	898	126	resulting	result	VERB
cblr-14251	898	127	from	from	ADP
cblr-14251	898	128	his	his	PRON
cblr-14251	898	129	alleged	allege	VERB
cblr-14251	898	130	misstatements.223	misstatements.223	NOUN
cblr-14251	898	131	the	the	DET
cblr-14251	898	132	court	court	NOUN
cblr-14251	898	133	’s	’s	PART
cblr-14251	898	134	reasoning	reasoning	NOUN
cblr-14251	898	135	seemingly	seemingly	ADV
cblr-14251	898	136	relies	rely	VERB
cblr-14251	898	137	on	on	ADP
cblr-14251	898	138	a	a	DET
cblr-14251	898	139	highly	highly	ADV
cblr-14251	898	140	demanding	demanding	ADJ
cblr-14251	898	141	definition	definition	NOUN
cblr-14251	898	142	of	of	ADP
cblr-14251	898	143	market	market	NOUN
cblr-14251	898	144	efficiency.224	efficiency.224	NOUN
cblr-14251	898	145	nevertheless	nevertheless	ADV
cblr-14251	898	146	,	,	PUNCT
cblr-14251	898	147	220	220	NUM
cblr-14251	898	148	see	see	VERB
cblr-14251	898	149	,	,	PUNCT
cblr-14251	898	150	e.g.	e.g.	ADV
cblr-14251	898	151	,	,	PUNCT
cblr-14251	898	152	langevoort	langevoort	NOUN
cblr-14251	898	153	,	,	PUNCT
cblr-14251	898	154	basic	basic	ADJ
cblr-14251	898	155	at	at	ADP
cblr-14251	898	156	twenty	twenty	NUM
cblr-14251	898	157	,	,	PUNCT
cblr-14251	898	158	supra	supra	ADJ
cblr-14251	898	159	note	note	NOUN
cblr-14251	898	160	103	103	NUM
cblr-14251	898	161	,	,	PUNCT
cblr-14251	898	162	at	at	ADP
cblr-14251	898	163	20	20	NUM
cblr-14251	898	164	(	(	PUNCT
cblr-14251	898	165	examining	examine	VERB
cblr-14251	898	166	the	the	DET
cblr-14251	898	167	reasoning	reasoning	NOUN
cblr-14251	898	168	in	in	ADP
cblr-14251	898	169	basic	basic	ADJ
cblr-14251	898	170	v.	v.	ADP
cblr-14251	898	171	levinson	levinson	PROPN
cblr-14251	898	172	and	and	CCONJ
cblr-14251	898	173	noting	note	VERB
cblr-14251	898	174	one	one	NUM
cblr-14251	898	175	idea	idea	NOUN
cblr-14251	898	176	that	that	PRON
cblr-14251	898	177	may	may	AUX
cblr-14251	898	178	have	have	AUX
cblr-14251	898	179	motivated	motivate	VERB
cblr-14251	898	180	one	one	NUM
cblr-14251	898	181	court	court	NOUN
cblr-14251	898	182	’s	’s	PART
cblr-14251	898	183	decision	decision	NOUN
cblr-14251	898	184	:	:	PUNCT
cblr-14251	898	185	“	"	PUNCT
cblr-14251	898	186	there	there	PRON
cblr-14251	898	187	are	be	VERB
cblr-14251	898	188	limits	limit	NOUN
cblr-14251	898	189	to	to	ADP
cblr-14251	898	190	how	how	SCONJ
cblr-14251	898	191	far	far	ADV
cblr-14251	898	192	we	we	PRON
cblr-14251	898	193	would	would	AUX
cblr-14251	898	194	want	want	VERB
cblr-14251	898	195	to	to	PART
cblr-14251	898	196	go	go	VERB
cblr-14251	898	197	in	in	ADP
cblr-14251	898	198	creating	create	VERB
cblr-14251	898	199	an	an	DET
cblr-14251	898	200	entitlement	entitlement	NOUN
cblr-14251	898	201	to	to	PART
cblr-14251	898	202	rely	rely	VERB
cblr-14251	898	203	on	on	ADP
cblr-14251	898	204	price	price	NOUN
cblr-14251	898	205	in	in	ADP
cblr-14251	898	206	settings	setting	NOUN
cblr-14251	898	207	of	of	ADP
cblr-14251	898	208	palpable	palpable	ADJ
cblr-14251	898	209	inefficiency	inefficiency	NOUN
cblr-14251	898	210	”	"	PUNCT
cblr-14251	898	211	)	)	PUNCT
cblr-14251	898	212	.	.	PUNCT
cblr-14251	899	1	221	221	NUM
cblr-14251	899	2	sprl	sprl	VERB
cblr-14251	899	3	v.	v.	ADP
cblr-14251	899	4	bed	bed	NOUN
cblr-14251	899	5	bath	bath	NOUN
cblr-14251	899	6	&	&	CCONJ
cblr-14251	899	7	beyond	beyond	ADP
cblr-14251	899	8	corp	corp	PROPN
cblr-14251	899	9	.	.	PROPN
cblr-14251	899	10	,	,	PUNCT
cblr-14251	899	11	no	no	INTJ
cblr-14251	899	12	.	.	PUNCT
cblr-14251	900	1	1:22	1:22	NUM
cblr-14251	900	2	-	-	PUNCT
cblr-14251	900	3	cv-02541	cv-02541	PROPN
cblr-14251	900	4	(	(	PUNCT
cblr-14251	900	5	tnm	tnm	PROPN
cblr-14251	900	6	)	)	PUNCT
cblr-14251	900	7	,	,	PUNCT
cblr-14251	900	8	lexis	lexis	X
cblr-14251	900	9	175313	175313	NUM
cblr-14251	900	10	(	(	PUNCT
cblr-14251	900	11	d.d.c	d.d.c	PROPN
cblr-14251	900	12	.	.	PROPN
cblr-14251	900	13	2024	2024	NUM
cblr-14251	900	14	)	)	PUNCT
cblr-14251	900	15	.	.	PUNCT
cblr-14251	901	1	222	222	NUM
cblr-14251	902	1	i	i	PRON
cblr-14251	902	2	d.	d.	VERB
cblr-14251	902	3	at	at	ADP
cblr-14251	902	4	*	*	PROPN
cblr-14251	902	5	35–36	35–36	NUM
cblr-14251	902	6	,	,	PUNCT
cblr-14251	902	7	43	43	NUM
cblr-14251	902	8	(	(	PUNCT
cblr-14251	902	9	noting	note	VERB
cblr-14251	902	10	that	that	SCONJ
cblr-14251	902	11	“	"	PUNCT
cblr-14251	902	12	[	[	X
cblr-14251	902	13	c]onstraints	c]onstraint	NOUN
cblr-14251	902	14	on	on	ADP
cblr-14251	902	15	short	short	ADJ
cblr-14251	902	16	selling	selling	NOUN
cblr-14251	902	17	undermine	undermine	ADJ
cblr-14251	902	18	market	market	NOUN
cblr-14251	902	19	efficiency	efficiency	NOUN
cblr-14251	902	20	by	by	ADP
cblr-14251	902	21	disrupting	disrupt	VERB
cblr-14251	902	22	the	the	DET
cblr-14251	902	23	ability	ability	NOUN
cblr-14251	902	24	of	of	ADP
cblr-14251	902	25	arbitrageurs	arbitrageur	NOUN
cblr-14251	902	26	from	from	ADP
cblr-14251	902	27	trading	trade	VERB
cblr-14251	902	28	on	on	ADP
cblr-14251	902	29	their	their	PRON
cblr-14251	902	30	negative	negative	ADJ
cblr-14251	902	31	views	view	NOUN
cblr-14251	902	32	of	of	ADP
cblr-14251	902	33	the	the	DET
cblr-14251	902	34	company	company	NOUN
cblr-14251	902	35	”	"	PUNCT
cblr-14251	902	36	)	)	PUNCT
cblr-14251	902	37	.	.	PUNCT
cblr-14251	903	1	223	223	NUM
cblr-14251	904	1	i	i	PRON
cblr-14251	904	2	d.	d.	VERB
cblr-14251	904	3	at	at	ADP
cblr-14251	904	4	*	*	NOUN
cblr-14251	904	5	62–63	62–63	NUM
cblr-14251	904	6	.	.	PUNCT
cblr-14251	904	7	224	224	NUM
cblr-14251	904	8	for	for	ADP
cblr-14251	904	9	much	much	ADJ
cblr-14251	904	10	of	of	ADP
cblr-14251	904	11	its	its	PRON
cblr-14251	904	12	discussion	discussion	NOUN
cblr-14251	904	13	of	of	ADP
cblr-14251	904	14	efficiency	efficiency	NOUN
cblr-14251	904	15	,	,	PUNCT
cblr-14251	904	16	the	the	DET
cblr-14251	904	17	court	court	NOUN
cblr-14251	904	18	relies	rely	VERB
cblr-14251	904	19	on	on	ADP
cblr-14251	904	20	in	in	ADP
cblr-14251	904	21	re	re	PROPN
cblr-14251	904	22	polymedica	polymedica	PROPN
cblr-14251	904	23	corp	corp	PROPN
cblr-14251	904	24	.	.	PROPN
cblr-14251	904	25	sec	sec	PROPN
cblr-14251	904	26	.	.	PROPN
cblr-14251	904	27	litig	litig	PROPN
cblr-14251	904	28	.	.	PUNCT
cblr-14251	905	1	,	,	PUNCT
cblr-14251	905	2	432	432	NUM
cblr-14251	905	3	f.3d	f.3d	NUM
cblr-14251	905	4	1	1	NUM
cblr-14251	905	5	,	,	PUNCT
cblr-14251	905	6	14	14	NUM
cblr-14251	905	7	(	(	PUNCT
cblr-14251	905	8	1st	1st	ADJ
cblr-14251	905	9	cir	cir	NOUN
cblr-14251	905	10	.	.	PROPN
cblr-14251	905	11	2005	2005	NUM
cblr-14251	905	12	)	)	PUNCT
cblr-14251	905	13	.	.	PUNCT
cblr-14251	906	1	see	see	VERB
cblr-14251	906	2	sprl	sprl	PROPN
cblr-14251	906	3	,	,	PUNCT
cblr-14251	906	4	22	22	NUM
cblr-14251	906	5	-	-	PUNCT
cblr-14251	906	6	cv-02541	cv-02541	NOUN
cblr-14251	906	7	at	at	ADP
cblr-14251	906	8	*	*	NUM
cblr-14251	906	9	27	27	NUM
cblr-14251	906	10	(	(	PUNCT
cblr-14251	906	11	defining	define	VERB
cblr-14251	906	12	informational	informational	ADJ
cblr-14251	906	13	efficiency	efficiency	NOUN
cblr-14251	906	14	to	to	PART
cblr-14251	906	15	mean	mean	VERB
cblr-14251	906	16	where	where	SCONJ
cblr-14251	906	17	“	"	PUNCT
cblr-14251	906	18	prices	price	NOUN
cblr-14251	906	19	respond	respond	VERB
cblr-14251	906	20	so	so	ADV
cblr-14251	906	21	quickly	quickly	ADV
cblr-14251	906	22	to	to	ADP
cblr-14251	906	23	new	new	ADJ
cblr-14251	906	24	information	information	NOUN
cblr-14251	906	25	that	that	SCONJ
cblr-14251	906	26	it	it	PRON
cblr-14251	906	27	is	be	AUX
cblr-14251	906	28	impossible	impossible	ADJ
cblr-14251	906	29	for	for	SCONJ
cblr-14251	906	30	traders	trader	NOUN
cblr-14251	906	31	to	to	PART
cblr-14251	906	32	make	make	VERB
cblr-14251	906	33	trading	trading	NOUN
cblr-14251	906	34	profits	profit	NOUN
cblr-14251	906	35	on	on	ADP
cblr-14251	906	36	the	the	DET
cblr-14251	906	37	basis	basis	NOUN
cblr-14251	906	38	of	of	ADP
cblr-14251	906	39	that	that	DET
cblr-14251	906	40	information	information	NOUN
cblr-14251	906	41	”	"	PUNCT
cblr-14251	906	42	(	(	PUNCT
cblr-14251	906	43	citing	cite	VERB
cblr-14251	906	44	in	in	ADP
cblr-14251	906	45	re	re	NOUN
cblr-14251	906	46	polymedica	polymedica	PROPN
cblr-14251	906	47	)	)	PUNCT
cblr-14251	906	48	)	)	PUNCT
cblr-14251	906	49	.	.	PUNCT
cblr-14251	907	1	yet	yet	CCONJ
cblr-14251	907	2	in	in	ADP
cblr-14251	907	3	re	re	PROPN
cblr-14251	907	4	polymedica	polymedica	PROPN
cblr-14251	907	5	imposes	impose	VERB
cblr-14251	907	6	a	a	DET
cblr-14251	907	7	more	more	ADV
cblr-14251	907	8	demanding	demanding	ADJ
cblr-14251	907	9	standard	standard	NOUN
cblr-14251	907	10	of	of	ADP
cblr-14251	907	11	efficiency	efficiency	NOUN
cblr-14251	907	12	than	than	SCONJ
cblr-14251	907	13	the	the	DET
cblr-14251	907	14	supreme	supreme	PROPN
cblr-14251	907	15	court	court	PROPN
cblr-14251	907	16	articulated	articulate	VERB
cblr-14251	907	17	more	more	ADV
cblr-14251	907	18	recently	recently	ADV
cblr-14251	907	19	,	,	PUNCT
cblr-14251	907	20	in	in	ADP
cblr-14251	907	21	halliburton	halliburton	PROPN
cblr-14251	907	22	ii	ii	PROPN
cblr-14251	907	23	.	.	PUNCT
cblr-14251	908	1	see	see	VERB
cblr-14251	908	2	halliburton	halliburton	PROPN
cblr-14251	908	3	ii	ii	PROPN
cblr-14251	908	4	,	,	PUNCT
cblr-14251	908	5	573	573	NUM
cblr-14251	908	6	u.s	u.s	PROPN
cblr-14251	908	7	.	.	PROPN
cblr-14251	908	8	at	at	ADP
cblr-14251	908	9	277	277	NUM
cblr-14251	908	10	(	(	PUNCT
cblr-14251	908	11	explaining	explain	VERB
cblr-14251	908	12	that	that	SCONJ
cblr-14251	908	13	fraud	fraud	NOUN
cblr-14251	908	14	on	on	ADP
cblr-14251	908	15	the	the	DET
cblr-14251	908	16	market	market	NOUN
cblr-14251	908	17	efficiency	efficiency	NOUN
cblr-14251	908	18	is	be	AUX
cblr-14251	908	19	one	one	NUM
cblr-14251	908	20	of	of	ADP
cblr-14251	908	21	“	"	PUNCT
cblr-14251	908	22	general	general	ADJ
cblr-14251	908	23	efficiency	efficiency	NOUN
cblr-14251	908	24	,	,	PUNCT
cblr-14251	908	25	”	"	PUNCT
cblr-14251	908	26	based	base	VERB
cblr-14251	908	27	on	on	ADP
cblr-14251	908	28	the	the	DET
cblr-14251	908	29	“	"	PUNCT
cblr-14251	908	30	modest	modest	ADJ
cblr-14251	908	31	premise	premise	NOUN
cblr-14251	908	32	”	"	PUNCT
cblr-14251	908	33	that	that	SCONJ
cblr-14251	908	34	“	"	PUNCT
cblr-14251	908	35	public	public	ADJ
cblr-14251	908	36	information	information	NOUN
cblr-14251	908	37	generally	generally	ADV
cblr-14251	908	38	affects	affect	VERB
cblr-14251	908	39	stock	stock	NOUN
cblr-14251	908	40	prices	price	NOUN
cblr-14251	908	41	”	"	PUNCT
cblr-14251	908	42	)	)	PUNCT
cblr-14251	908	43	;	;	PUNCT
cblr-14251	908	44	patel	patel	PROPN
cblr-14251	908	45	,	,	PUNCT
cblr-14251	908	46	supra	supra	PROPN
cblr-14251	908	47	note	note	NOUN
cblr-14251	908	48	101	101	NUM
cblr-14251	908	49	,	,	PUNCT
cblr-14251	908	50	at	at	ADP
cblr-14251	908	51	200–04	200–04	NUM
cblr-14251	908	52	(	(	PUNCT
cblr-14251	908	53	explaining	explain	VERB
cblr-14251	908	54	that	that	SCONJ
cblr-14251	908	55	“	"	PUNCT
cblr-14251	908	56	the	the	DET
cblr-14251	908	57	halliburton	halliburton	PROPN
cblr-14251	908	58	ii	ii	PROPN
cblr-14251	908	59	court	court	PROPN
cblr-14251	908	60	made	make	VERB
cblr-14251	908	61	clear	clear	ADJ
cblr-14251	908	62	that	that	SCONJ
cblr-14251	908	63	fraud	fraud	NOUN
cblr-14251	908	64	on	on	ADP
cblr-14251	908	65	the	the	DET
cblr-14251	908	66	market	market	NOUN
cblr-14251	908	67	is	be	AUX
cblr-14251	908	68	not	not	PART
cblr-14251	908	69	no	no	NOUN
cblr-14251	908	70	.	.	NOUN
cblr-14251	908	71	1	1	NUM
cblr-14251	908	72	]	]	PUNCT
cblr-14251	908	73	securities	security	NOUN
cblr-14251	908	74	fraud	fraud	NOUN
cblr-14251	908	75	and	and	CCONJ
cblr-14251	908	76	the	the	DET
cblr-14251	908	77	market	market	NOUN
cblr-14251	908	78	for	for	ADP
cblr-14251	908	79	individual	individual	ADJ
cblr-14251	908	80	stocks	stock	NOUN
cblr-14251	908	81	289	289	NUM
cblr-14251	908	82	this	this	PRON
cblr-14251	908	83	raises	raise	VERB
cblr-14251	908	84	broader	broad	ADJ
cblr-14251	908	85	questions	question	NOUN
cblr-14251	908	86	around	around	ADP
cblr-14251	908	87	the	the	DET
cblr-14251	908	88	availability	availability	NOUN
cblr-14251	908	89	of	of	ADP
cblr-14251	908	90	class	class	NOUN
cblr-14251	908	91	certification	certification	NOUN
cblr-14251	908	92	for	for	ADP
cblr-14251	908	93	demand	demand	NOUN
cblr-14251	908	94	-	-	PUNCT
cblr-14251	908	95	driven	drive	VERB
cblr-14251	908	96	investors.225	investors.225	NOUN
cblr-14251	908	97	first	first	ADV
cblr-14251	908	98	,	,	PUNCT
cblr-14251	908	99	if	if	SCONJ
cblr-14251	908	100	certain	certain	ADJ
cblr-14251	908	101	demand	demand	NOUN
cblr-14251	908	102	factors	factor	NOUN
cblr-14251	908	103	are	be	AUX
cblr-14251	908	104	seen	see	VERB
cblr-14251	908	105	as	as	ADP
cblr-14251	908	106	uninformative	uninformative	ADJ
cblr-14251	908	107	and	and	CCONJ
cblr-14251	908	108	noisy	noisy	ADJ
cblr-14251	908	109	,	,	PUNCT
cblr-14251	908	110	they	they	PRON
cblr-14251	908	111	may	may	AUX
cblr-14251	908	112	make	make	VERB
cblr-14251	908	113	it	it	PRON
cblr-14251	908	114	easier	easy	ADJ
cblr-14251	908	115	for	for	SCONJ
cblr-14251	908	116	defendants	defendant	NOUN
cblr-14251	908	117	to	to	PART
cblr-14251	908	118	make	make	VERB
cblr-14251	908	119	a	a	DET
cblr-14251	908	120	similar	similar	ADJ
cblr-14251	908	121	argument	argument	NOUN
cblr-14251	908	122	:	:	PUNCT
cblr-14251	908	123	that	that	SCONJ
cblr-14251	908	124	demand	demand	VERB
cblr-14251	908	125	investors	investor	NOUN
cblr-14251	908	126	distorted	distort	VERB
cblr-14251	908	127	the	the	DET
cblr-14251	908	128	market	market	NOUN
cblr-14251	908	129	for	for	ADP
cblr-14251	908	130	a	a	DET
cblr-14251	908	131	given	give	VERB
cblr-14251	908	132	security	security	NOUN
cblr-14251	908	133	,	,	PUNCT
cblr-14251	908	134	rendering	render	VERB
cblr-14251	908	135	it	it	PRON
cblr-14251	908	136	inefficient	inefficient	ADJ
cblr-14251	908	137	and	and	CCONJ
cblr-14251	908	138	making	make	VERB
cblr-14251	908	139	the	the	DET
cblr-14251	908	140	basic	basic	ADJ
cblr-14251	908	141	presumption	presumption	NOUN
cblr-14251	908	142	of	of	ADP
cblr-14251	908	143	reliance	reliance	NOUN
cblr-14251	908	144	unavailable.226	unavailable.226	ADJ
cblr-14251	908	145	second	second	ADJ
cblr-14251	908	146	,	,	PUNCT
cblr-14251	908	147	even	even	ADV
cblr-14251	908	148	if	if	SCONJ
cblr-14251	908	149	the	the	DET
cblr-14251	908	150	presumption	presumption	NOUN
cblr-14251	908	151	is	be	AUX
cblr-14251	908	152	preserved	preserve	VERB
cblr-14251	908	153	,	,	PUNCT
cblr-14251	908	154	demand	demand	NOUN
cblr-14251	908	155	-	-	PUNCT
cblr-14251	908	156	driven	drive	VERB
cblr-14251	908	157	trading	trading	NOUN
cblr-14251	908	158	might	might	AUX
cblr-14251	908	159	be	be	AUX
cblr-14251	908	160	invoked	invoke	VERB
cblr-14251	908	161	to	to	PART
cblr-14251	908	162	rebut	rebut	VERB
cblr-14251	908	163	the	the	DET
cblr-14251	908	164	presumption	presumption	NOUN
cblr-14251	908	165	,	,	PUNCT
cblr-14251	908	166	as	as	ADP
cblr-14251	908	167	a	a	DET
cblr-14251	908	168	potential	potential	NOUN
cblr-14251	908	169	“	"	PUNCT
cblr-14251	908	170	showing	show	VERB
cblr-14251	908	171	that	that	SCONJ
cblr-14251	908	172	severs	sever	VERB
cblr-14251	908	173	the	the	DET
cblr-14251	908	174	link	link	NOUN
cblr-14251	908	175	between	between	ADP
cblr-14251	908	176	the	the	DET
cblr-14251	908	177	alleged	alleged	ADJ
cblr-14251	908	178	misrepresentation	misrepresentation	NOUN
cblr-14251	908	179	and	and	CCONJ
cblr-14251	908	180	either	either	CCONJ
cblr-14251	908	181	the	the	DET
cblr-14251	908	182	price	price	NOUN
cblr-14251	908	183	received	receive	VERB
cblr-14251	908	184	(	(	PUNCT
cblr-14251	908	185	or	or	CCONJ
cblr-14251	908	186	paid	pay	VERB
cblr-14251	908	187	)	)	PUNCT
cblr-14251	908	188	by	by	ADP
cblr-14251	908	189	the	the	DET
cblr-14251	908	190	plaintiff	plaintiff	NOUN
cblr-14251	908	191	,	,	PUNCT
cblr-14251	908	192	”	"	PUNCT
cblr-14251	908	193	at	at	ADP
cblr-14251	908	194	least	least	ADJ
cblr-14251	908	195	as	as	SCONJ
cblr-14251	908	196	interpreted	interpret	VERB
cblr-14251	908	197	by	by	ADP
cblr-14251	908	198	the	the	DET
cblr-14251	908	199	district	district	NOUN
cblr-14251	908	200	court	court	NOUN
cblr-14251	908	201	in	in	ADP
cblr-14251	908	202	in	in	ADP
cblr-14251	908	203	re	re	NOUN
cblr-14251	908	204	bed	bed	NOUN
cblr-14251	908	205	bath	bath	NOUN
cblr-14251	908	206	and	and	CCONJ
cblr-14251	908	207	beyond.227	beyond.227	PROPN
cblr-14251	908	208	f.	f.	PROPN
cblr-14251	908	209	the	the	DET
cblr-14251	908	210	limits	limit	NOUN
cblr-14251	908	211	of	of	ADP
cblr-14251	908	212	securities	security	NOUN
cblr-14251	908	213	fraud	fraud	NOUN
cblr-14251	908	214	doctrine	doctrine	VERB
cblr-14251	908	215	the	the	DET
cblr-14251	908	216	market	market	NOUN
cblr-14251	908	217	for	for	ADP
cblr-14251	908	218	individual	individual	ADJ
cblr-14251	908	219	stocks	stock	NOUN
cblr-14251	908	220	tends	tend	VERB
cblr-14251	908	221	to	to	PART
cblr-14251	908	222	narrow	narrow	VERB
cblr-14251	908	223	the	the	DET
cblr-14251	908	224	gap	gap	NOUN
cblr-14251	908	225	between	between	ADP
cblr-14251	908	226	a	a	DET
cblr-14251	908	227	company	company	NOUN
cblr-14251	908	228	’s	’s	PART
cblr-14251	908	229	products	product	NOUN
cblr-14251	908	230	and	and	CCONJ
cblr-14251	908	231	a	a	DET
cblr-14251	908	232	company	company	NOUN
cblr-14251	908	233	’s	’s	PART
cblr-14251	908	234	stock	stock	NOUN
cblr-14251	908	235	.	.	PUNCT
cblr-14251	909	1	investors	investor	NOUN
cblr-14251	909	2	may	may	AUX
cblr-14251	909	3	treat	treat	VERB
cblr-14251	909	4	a	a	DET
cblr-14251	909	5	company	company	NOUN
cblr-14251	909	6	’s	’s	PART
cblr-14251	909	7	stock	stock	NOUN
cblr-14251	909	8	as	as	ADP
cblr-14251	909	9	simply	simply	ADV
cblr-14251	909	10	another	another	DET
cblr-14251	909	11	kind	kind	NOUN
cblr-14251	909	12	of	of	ADP
cblr-14251	909	13	product	product	NOUN
cblr-14251	909	14	that	that	PRON
cblr-14251	909	15	they	they	PRON
cblr-14251	909	16	select	select	VERB
cblr-14251	909	17	for	for	ADP
cblr-14251	909	18	its	its	PRON
cblr-14251	909	19	various	various	ADJ
cblr-14251	909	20	characteristics	characteristic	NOUN
cblr-14251	909	21	.	.	PUNCT
cblr-14251	910	1	predicated	predicate	VERB
cblr-14251	910	2	on	on	ADP
cblr-14251	910	3	the	the	DET
cblr-14251	910	4	semi	semi	ADJ
cblr-14251	910	5	-	-	ADJ
cblr-14251	910	6	strong	strong	ADJ
cblr-14251	910	7	version	version	NOUN
cblr-14251	910	8	of	of	ADP
cblr-14251	910	9	the	the	DET
cblr-14251	910	10	efficient	efficient	ADJ
cblr-14251	910	11	capital	capital	NOUN
cblr-14251	910	12	markets	market	NOUN
cblr-14251	910	13	hypothesis	hypothesis	NOUN
cblr-14251	910	14	and	and	CCONJ
cblr-14251	910	15	is	be	AUX
cblr-14251	910	16	instead	instead	ADV
cblr-14251	910	17	grounded	ground	VERB
cblr-14251	910	18	on	on	ADP
cblr-14251	910	19	only	only	ADV
cblr-14251	910	20	a	a	DET
cblr-14251	910	21	generalized	generalized	ADJ
cblr-14251	910	22	notion	notion	NOUN
cblr-14251	910	23	of	of	ADP
cblr-14251	910	24	market	market	NOUN
cblr-14251	910	25	efficiency	efficiency	NOUN
cblr-14251	910	26	”	"	PUNCT
cblr-14251	910	27	)	)	PUNCT
cblr-14251	910	28	;	;	PUNCT
cblr-14251	910	29	lipton	lipton	PROPN
cblr-14251	910	30	,	,	PUNCT
cblr-14251	910	31	supra	supra	PROPN
cblr-14251	910	32	note	note	NOUN
cblr-14251	910	33	214	214	NUM
cblr-14251	910	34	(	(	PUNCT
cblr-14251	910	35	“	"	PUNCT
cblr-14251	910	36	[	[	X
cblr-14251	910	37	t]he	t]he	ADJ
cblr-14251	910	38	supreme	supreme	PROPN
cblr-14251	910	39	court	court	PROPN
cblr-14251	910	40	’s	’s	PART
cblr-14251	910	41	language	language	NOUN
cblr-14251	910	42	in	in	ADP
cblr-14251	910	43	halliburton	halliburton	PROPN
cblr-14251	910	44	ii	ii	PROPN
cblr-14251	910	45	opens	open	VERB
cblr-14251	910	46	a	a	DET
cblr-14251	910	47	path	path	NOUN
cblr-14251	910	48	to	to	ADP
cblr-14251	910	49	a	a	DET
cblr-14251	910	50	looser	loose	ADJ
cblr-14251	910	51	definition	definition	NOUN
cblr-14251	910	52	of	of	ADP
cblr-14251	910	53	efficiency	efficiency	NOUN
cblr-14251	910	54	that	that	PRON
cblr-14251	910	55	more	more	ADV
cblr-14251	910	56	closely	closely	ADV
cblr-14251	910	57	comports	comport	VERB
cblr-14251	910	58	with	with	ADP
cblr-14251	910	59	the	the	DET
cblr-14251	910	60	relevant	relevant	ADJ
cblr-14251	910	61	legal	legal	ADJ
cblr-14251	910	62	question	question	NOUN
cblr-14251	910	63	,	,	PUNCT
cblr-14251	910	64	i.e.	i.e.	X
cblr-14251	910	65	,	,	PUNCT
cblr-14251	910	66	whether	whether	SCONJ
cblr-14251	910	67	the	the	DET
cblr-14251	910	68	market	market	NOUN
cblr-14251	910	69	has	have	VERB
cblr-14251	910	70	characteristics	characteristic	NOUN
cblr-14251	910	71	that	that	PRON
cblr-14251	910	72	make	make	VERB
cblr-14251	910	73	it	it	PRON
cblr-14251	910	74	reasonable	reasonable	ADJ
cblr-14251	910	75	to	to	PART
cblr-14251	910	76	assume	assume	VERB
cblr-14251	910	77	that	that	SCONJ
cblr-14251	910	78	false	false	ADJ
cblr-14251	910	79	statements	statement	NOUN
cblr-14251	910	80	affect	affect	VERB
cblr-14251	910	81	stock	stock	NOUN
cblr-14251	910	82	prices	price	NOUN
cblr-14251	910	83	in	in	ADP
cblr-14251	910	84	some	some	DET
cblr-14251	910	85	way	way	NOUN
cblr-14251	910	86	.	.	PUNCT
cblr-14251	910	87	”	"	PUNCT
cblr-14251	910	88	)	)	PUNCT
cblr-14251	910	89	;	;	PUNCT
cblr-14251	910	90	donald	donald	PROPN
cblr-14251	910	91	c.	c.	PROPN
cblr-14251	910	92	langevoort	langevoort	PROPN
cblr-14251	910	93	,	,	PUNCT
cblr-14251	910	94	halliburton	halliburton	PROPN
cblr-14251	910	95	ii	ii	PROPN
cblr-14251	910	96	and	and	CCONJ
cblr-14251	910	97	market	market	NOUN
cblr-14251	910	98	efficiency	efficiency	NOUN
cblr-14251	910	99	(	(	PUNCT
cblr-14251	910	100	july	july	PROPN
cblr-14251	910	101	10	10	NUM
cblr-14251	910	102	,	,	PUNCT
cblr-14251	910	103	2014	2014	NUM
cblr-14251	910	104	)	)	PUNCT
cblr-14251	910	105	,	,	PUNCT
cblr-14251	910	106	https://clsbluesky.law.columbia.edu/2014/07/10/halliburton-ii-and-market-efficiency/	https://clsbluesky.law.columbia.edu/2014/07/10/halliburton-ii-and-market-efficiency/	PROPN
cblr-14251	910	107	(	(	PUNCT
cblr-14251	910	108	noting	note	VERB
cblr-14251	910	109	that	that	SCONJ
cblr-14251	910	110	in	in	ADP
cblr-14251	910	111	re	re	ADP
cblr-14251	910	112	polymedica	polymedica	PROPN
cblr-14251	910	113	“	"	PUNCT
cblr-14251	910	114	seems	seem	VERB
cblr-14251	910	115	to	to	PART
cblr-14251	910	116	insist	insist	VERB
cblr-14251	910	117	on	on	ADP
cblr-14251	910	118	proof	proof	NOUN
cblr-14251	910	119	of	of	ADP
cblr-14251	910	120	immediate	immediate	ADJ
cblr-14251	910	121	price	price	NOUN
cblr-14251	910	122	reaction	reaction	NOUN
cblr-14251	910	123	to	to	ADP
cblr-14251	910	124	all	all	DET
cblr-14251	910	125	material	material	ADJ
cblr-14251	910	126	information	information	NOUN
cblr-14251	910	127	in	in	ADP
cblr-14251	910	128	order	order	NOUN
cblr-14251	910	129	to	to	PART
cblr-14251	910	130	justify	justify	VERB
cblr-14251	910	131	a	a	DET
cblr-14251	910	132	finding	finding	NOUN
cblr-14251	910	133	of	of	ADP
cblr-14251	910	134	sufficient	sufficient	ADJ
cblr-14251	910	135	efficiency	efficiency	NOUN
cblr-14251	910	136	”	"	PUNCT
cblr-14251	910	137	and	and	CCONJ
cblr-14251	910	138	hoping	hope	VERB
cblr-14251	910	139	that	that	SCONJ
cblr-14251	910	140	“	"	PUNCT
cblr-14251	910	141	halliburton	halliburton	PROPN
cblr-14251	910	142	ii	ii	PROPN
cblr-14251	910	143	will	will	AUX
cblr-14251	910	144	take	take	VERB
cblr-14251	910	145	much	much	ADJ
cblr-14251	910	146	of	of	ADP
cblr-14251	910	147	the	the	DET
cblr-14251	910	148	steam	steam	NOUN
cblr-14251	910	149	out	out	ADP
cblr-14251	910	150	of	of	ADP
cblr-14251	910	151	this	this	DET
cblr-14251	910	152	effort	effort	NOUN
cblr-14251	910	153	by	by	ADP
cblr-14251	910	154	its	its	PRON
cblr-14251	910	155	emphasis	emphasis	NOUN
cblr-14251	910	156	on	on	ADP
cblr-14251	910	157	‘	'	PUNCT
cblr-14251	910	158	general	general	ADJ
cblr-14251	910	159	’	'	PUNCT
cblr-14251	910	160	market	market	NOUN
cblr-14251	910	161	efficiency	efficiency	NOUN
cblr-14251	910	162	rather	rather	ADV
cblr-14251	910	163	than	than	ADP
cblr-14251	910	164	hyper	hyper	NOUN
cblr-14251	910	165	-	-	NOUN
cblr-14251	910	166	efficiency	efficiency	NOUN
cblr-14251	910	167	”	"	PUNCT
cblr-14251	910	168	)	)	PUNCT
cblr-14251	910	169	.	.	PUNCT
cblr-14251	911	1	225	225	NUM
cblr-14251	911	2	see	see	VERB
cblr-14251	911	3	christine	christine	PROPN
cblr-14251	911	4	hurt	hurt	PROPN
cblr-14251	911	5	&	&	CCONJ
cblr-14251	911	6	paul	paul	PROPN
cblr-14251	911	7	stancil	stancil	PROPN
cblr-14251	911	8	,	,	PUNCT
cblr-14251	911	9	short	short	ADJ
cblr-14251	911	10	sellers	seller	NOUN
cblr-14251	911	11	,	,	PUNCT
cblr-14251	911	12	short	short	ADJ
cblr-14251	911	13	squeezes	squeeze	NOUN
cblr-14251	911	14	,	,	PUNCT
cblr-14251	911	15	and	and	CCONJ
cblr-14251	911	16	securities	security	NOUN
cblr-14251	911	17	fraud	fraud	NOUN
cblr-14251	911	18	,	,	PUNCT
cblr-14251	911	19	47	47	NUM
cblr-14251	911	20	j.	j.	PROPN
cblr-14251	911	21	corp	corp	PROPN
cblr-14251	911	22	.	.	PROPN
cblr-14251	911	23	l.	l.	PROPN
cblr-14251	911	24	105	105	NUM
cblr-14251	911	25	(	(	PUNCT
cblr-14251	911	26	2021	2021	NUM
cblr-14251	911	27	)	)	PUNCT
cblr-14251	911	28	(	(	PUNCT
cblr-14251	911	29	arguing	argue	VERB
cblr-14251	911	30	that	that	SCONJ
cblr-14251	911	31	short	short	ADJ
cblr-14251	911	32	sellers	seller	NOUN
cblr-14251	911	33	and	and	CCONJ
cblr-14251	911	34	other	other	ADJ
cblr-14251	911	35	atypical	atypical	ADJ
cblr-14251	911	36	investors	investor	NOUN
cblr-14251	911	37	should	should	AUX
cblr-14251	911	38	be	be	AUX
cblr-14251	911	39	excluded	exclude	VERB
cblr-14251	911	40	from	from	ADP
cblr-14251	911	41	securities	security	NOUN
cblr-14251	911	42	fraud	fraud	NOUN
cblr-14251	911	43	class	class	NOUN
cblr-14251	911	44	actions	action	NOUN
cblr-14251	911	45	because	because	SCONJ
cblr-14251	911	46	,	,	PUNCT
cblr-14251	911	47	among	among	ADP
cblr-14251	911	48	other	other	ADJ
cblr-14251	911	49	reasons	reason	NOUN
cblr-14251	911	50	,	,	PUNCT
cblr-14251	911	51	they	they	PRON
cblr-14251	911	52	should	should	AUX
cblr-14251	911	53	not	not	PART
cblr-14251	911	54	be	be	AUX
cblr-14251	911	55	entitled	entitle	VERB
cblr-14251	911	56	to	to	ADP
cblr-14251	911	57	the	the	DET
cblr-14251	911	58	basic	basic	ADJ
cblr-14251	911	59	assumption	assumption	NOUN
cblr-14251	911	60	of	of	ADP
cblr-14251	911	61	reliance	reliance	NOUN
cblr-14251	911	62	)	)	PUNCT
cblr-14251	911	63	.	.	PUNCT
cblr-14251	912	1	226	226	NUM
cblr-14251	912	2	this	this	PRON
cblr-14251	912	3	may	may	AUX
cblr-14251	912	4	nonetheless	nonetheless	ADV
cblr-14251	912	5	be	be	AUX
cblr-14251	912	6	difficult	difficult	ADJ
cblr-14251	912	7	to	to	PART
cblr-14251	912	8	show	show	VERB
cblr-14251	912	9	under	under	ADP
cblr-14251	912	10	halliburton	halliburton	PROPN
cblr-14251	912	11	ii	ii	PROPN
cblr-14251	912	12	,	,	PUNCT
cblr-14251	912	13	as	as	SCONJ
cblr-14251	912	14	only	only	ADV
cblr-14251	912	15	a	a	DET
cblr-14251	912	16	“	"	PUNCT
cblr-14251	912	17	generalized	generalized	ADJ
cblr-14251	912	18	”	"	PUNCT
cblr-14251	912	19	showing	showing	NOUN
cblr-14251	912	20	of	of	ADP
cblr-14251	912	21	market	market	NOUN
cblr-14251	912	22	efficiency	efficiency	NOUN
cblr-14251	912	23	is	be	AUX
cblr-14251	912	24	necessary	necessary	ADJ
cblr-14251	912	25	.	.	PUNCT
cblr-14251	913	1	see	see	VERB
cblr-14251	913	2	halliburton	halliburton	PROPN
cblr-14251	913	3	ii	ii	PROPN
cblr-14251	913	4	,	,	PUNCT
cblr-14251	913	5	573	573	NUM
cblr-14251	913	6	u.s	u.s	PROPN
cblr-14251	913	7	.	.	PROPN
cblr-14251	913	8	at	at	ADP
cblr-14251	913	9	268–69	268–69	NOUN
cblr-14251	913	10	(	(	PUNCT
cblr-14251	913	11	2014	2014	NUM
cblr-14251	913	12	)	)	PUNCT
cblr-14251	913	13	.	.	PUNCT
cblr-14251	914	1	227	227	NUM
cblr-14251	914	2	halliburton	halliburton	PROPN
cblr-14251	914	3	ii	ii	PROPN
cblr-14251	914	4	,	,	PUNCT
cblr-14251	914	5	573	573	NUM
cblr-14251	914	6	u.s	u.s	PROPN
cblr-14251	914	7	.	.	PROPN
cblr-14251	914	8	at	at	ADP
cblr-14251	914	9	268–69	268–69	NOUN
cblr-14251	914	10	(	(	PUNCT
cblr-14251	914	11	2014	2014	NUM
cblr-14251	914	12	)	)	PUNCT
cblr-14251	914	13	.	.	PUNCT
cblr-14251	915	1	290	290	NUM
cblr-14251	915	2	columbia	columbia	PROPN
cblr-14251	915	3	business	business	NOUN
cblr-14251	915	4	law	law	PROPN
cblr-14251	915	5	review	review	NOUN
cblr-14251	915	6	[	[	X
cblr-14251	915	7	vol	vol	NOUN
cblr-14251	915	8	.	.	PUNCT
cblr-14251	915	9	2025	2025	NUM
cblr-14251	915	10	those	those	DET
cblr-14251	915	11	characteristics	characteristic	NOUN
cblr-14251	915	12	certainly	certainly	ADV
cblr-14251	915	13	may	may	AUX
cblr-14251	915	14	include	include	VERB
cblr-14251	915	15	financial	financial	ADJ
cblr-14251	915	16	risk	risk	NOUN
cblr-14251	915	17	and	and	CCONJ
cblr-14251	915	18	return	return	VERB
cblr-14251	915	19	or	or	CCONJ
cblr-14251	915	20	fundamental	fundamental	ADJ
cblr-14251	915	21	value	value	NOUN
cblr-14251	915	22	,	,	PUNCT
cblr-14251	915	23	but	but	CCONJ
cblr-14251	915	24	they	they	PRON
cblr-14251	915	25	may	may	AUX
cblr-14251	915	26	also	also	ADV
cblr-14251	915	27	include	include	VERB
cblr-14251	915	28	other	other	ADJ
cblr-14251	915	29	non	non	ADJ
cblr-14251	915	30	-	-	ADJ
cblr-14251	915	31	financial	financial	ADJ
cblr-14251	915	32	,	,	PUNCT
cblr-14251	915	33	demand	demand	NOUN
cblr-14251	915	34	-	-	PUNCT
cblr-14251	915	35	driven	drive	VERB
cblr-14251	915	36	characteristics	characteristic	NOUN
cblr-14251	915	37	.	.	PUNCT
cblr-14251	916	1	just	just	ADV
cblr-14251	916	2	as	as	SCONJ
cblr-14251	916	3	demand	demand	NOUN
cblr-14251	916	4	-	-	PUNCT
cblr-14251	916	5	driven	drive	VERB
cblr-14251	916	6	investing	investing	NOUN
cblr-14251	916	7	is	be	AUX
cblr-14251	916	8	testing	test	VERB
cblr-14251	916	9	the	the	DET
cblr-14251	916	10	boundaries	boundary	NOUN
cblr-14251	916	11	of	of	ADP
cblr-14251	916	12	theory	theory	NOUN
cblr-14251	916	13	and	and	CCONJ
cblr-14251	916	14	doctrine	doctrine	NOUN
cblr-14251	916	15	that	that	PRON
cblr-14251	916	16	largely	largely	ADV
cblr-14251	916	17	assume	assume	VERB
cblr-14251	916	18	a	a	DET
cblr-14251	916	19	rational	rational	ADJ
cblr-14251	916	20	,	,	PUNCT
cblr-14251	916	21	objective	objective	ADJ
cblr-14251	916	22	relationship	relationship	NOUN
cblr-14251	916	23	between	between	ADP
cblr-14251	916	24	information	information	NOUN
cblr-14251	916	25	,	,	PUNCT
cblr-14251	916	26	prices	price	NOUN
cblr-14251	916	27	,	,	PUNCT
cblr-14251	916	28	and	and	CCONJ
cblr-14251	916	29	investors	investor	NOUN
cblr-14251	916	30	,	,	PUNCT
cblr-14251	916	31	complexities	complexity	NOUN
cblr-14251	916	32	emerge	emerge	VERB
cblr-14251	916	33	when	when	SCONJ
cblr-14251	916	34	applying	apply	VERB
cblr-14251	916	35	securities	security	NOUN
cblr-14251	916	36	fraud	fraud	NOUN
cblr-14251	916	37	laws	law	NOUN
cblr-14251	916	38	that	that	PRON
cblr-14251	916	39	are	be	AUX
cblr-14251	916	40	built	build	VERB
cblr-14251	916	41	on	on	ADP
cblr-14251	916	42	those	those	DET
cblr-14251	916	43	same	same	ADJ
cblr-14251	916	44	assumptions.228	assumptions.228	PROPN
cblr-14251	916	45	even	even	ADV
cblr-14251	916	46	if	if	SCONJ
cblr-14251	916	47	,	,	PUNCT
cblr-14251	916	48	hypothetically	hypothetically	ADV
cblr-14251	916	49	,	,	PUNCT
cblr-14251	916	50	95	95	NUM
cblr-14251	916	51	%	%	NOUN
cblr-14251	916	52	of	of	ADP
cblr-14251	916	53	cases	case	NOUN
cblr-14251	916	54	involve	involve	VERB
cblr-14251	916	55	a	a	DET
cblr-14251	916	56	largely	largely	ADV
cblr-14251	916	57	linear	linear	ADJ
cblr-14251	916	58	relationship	relationship	NOUN
cblr-14251	916	59	between	between	ADP
cblr-14251	916	60	falsehoods	falsehood	NOUN
cblr-14251	916	61	,	,	PUNCT
cblr-14251	916	62	price	price	NOUN
cblr-14251	916	63	impact	impact	NOUN
cblr-14251	916	64	,	,	PUNCT
cblr-14251	916	65	and	and	CCONJ
cblr-14251	916	66	investor	investor	NOUN
cblr-14251	916	67	losses	loss	NOUN
cblr-14251	916	68	,	,	PUNCT
cblr-14251	916	69	ignoring	ignore	VERB
cblr-14251	916	70	the	the	DET
cblr-14251	916	71	other	other	ADJ
cblr-14251	916	72	5	5	NUM
cblr-14251	916	73	%	%	NOUN
cblr-14251	916	74	(	(	PUNCT
cblr-14251	916	75	and	and	CCONJ
cblr-14251	916	76	likely	likely	ADV
cblr-14251	916	77	growing	grow	VERB
cblr-14251	916	78	)	)	PUNCT
cblr-14251	916	79	gray	gray	ADJ
cblr-14251	916	80	area	area	NOUN
cblr-14251	916	81	cases	case	NOUN
cblr-14251	916	82	may	may	AUX
cblr-14251	916	83	systematically	systematically	ADV
cblr-14251	916	84	underserve	underserve	VERB
cblr-14251	916	85	investors	investor	NOUN
cblr-14251	916	86	and	and	CCONJ
cblr-14251	916	87	neglect	neglect	VERB
cblr-14251	916	88	the	the	DET
cblr-14251	916	89	demand	demand	NOUN
cblr-14251	916	90	-	-	PUNCT
cblr-14251	916	91	driven	drive	VERB
cblr-14251	916	92	reality	reality	NOUN
cblr-14251	916	93	of	of	ADP
cblr-14251	916	94	at	at	ADV
cblr-14251	916	95	least	least	ADJ
cblr-14251	916	96	a	a	PRON
cblr-14251	916	97	portion	portion	NOUN
cblr-14251	916	98	of	of	ADP
cblr-14251	916	99	today	today	NOUN
cblr-14251	916	100	’s	’s	PART
cblr-14251	916	101	stock	stock	NOUN
cblr-14251	916	102	market	market	NOUN
cblr-14251	916	103	.	.	PUNCT
cblr-14251	917	1	in	in	ADP
cblr-14251	917	2	addition	addition	NOUN
cblr-14251	917	3	,	,	PUNCT
cblr-14251	917	4	while	while	SCONJ
cblr-14251	917	5	existing	exist	VERB
cblr-14251	917	6	laws	law	NOUN
cblr-14251	917	7	may	may	AUX
cblr-14251	917	8	be	be	AUX
cblr-14251	917	9	able	able	ADJ
cblr-14251	917	10	to	to	PART
cblr-14251	917	11	reach	reach	VERB
cblr-14251	917	12	some	some	DET
cblr-14251	917	13	harmful	harmful	ADJ
cblr-14251	917	14	behavior	behavior	NOUN
cblr-14251	917	15	,	,	PUNCT
cblr-14251	917	16	they	they	PRON
cblr-14251	917	17	risk	risk	VERB
cblr-14251	917	18	inconsistent	inconsistent	ADJ
cblr-14251	917	19	application	application	NOUN
cblr-14251	917	20	that	that	PRON
cblr-14251	917	21	can	can	AUX
cblr-14251	917	22	harm	harm	VERB
cblr-14251	917	23	market	market	NOUN
cblr-14251	917	24	functioning	function	VERB
cblr-14251	917	25	and	and	CCONJ
cblr-14251	917	26	chill	chill	VERB
cblr-14251	917	27	legitimate	legitimate	ADJ
cblr-14251	917	28	market	market	NOUN
cblr-14251	917	29	speech	speech	NOUN
cblr-14251	917	30	.	.	PUNCT
cblr-14251	918	1	the	the	DET
cblr-14251	918	2	next	next	ADJ
cblr-14251	918	3	section	section	NOUN
cblr-14251	918	4	shows	show	VERB
cblr-14251	918	5	how	how	SCONJ
cblr-14251	918	6	.	.	PUNCT
cblr-14251	919	1	v.	v.	ADP
cblr-14251	919	2	how	how	SCONJ
cblr-14251	919	3	should	should	AUX
cblr-14251	919	4	the	the	DET
cblr-14251	919	5	securities	security	NOUN
cblr-14251	919	6	laws	law	NOUN
cblr-14251	919	7	respond	respond	VERB
cblr-14251	919	8	?	?	PUNCT
cblr-14251	920	1	the	the	DET
cblr-14251	920	2	securities	security	NOUN
cblr-14251	920	3	fraud	fraud	NOUN
cblr-14251	920	4	laws	law	NOUN
cblr-14251	920	5	—	—	PUNCT
cblr-14251	920	6	like	like	ADP
cblr-14251	920	7	the	the	DET
cblr-14251	920	8	financial	financial	ADJ
cblr-14251	920	9	theory	theory	NOUN
cblr-14251	920	10	underpinning	underpin	VERB
cblr-14251	920	11	them	they	PRON
cblr-14251	920	12	—	—	PUNCT
cblr-14251	920	13	largely	largely	ADV
cblr-14251	920	14	assume	assume	VERB
cblr-14251	920	15	no	no	DET
cblr-14251	920	16	market	market	NOUN
cblr-14251	920	17	for	for	ADP
cblr-14251	920	18	individual	individual	ADJ
cblr-14251	920	19	stocks	stock	NOUN
cblr-14251	920	20	.	.	PUNCT
cblr-14251	921	1	yet	yet	ADV
cblr-14251	921	2	increasing	increase	VERB
cblr-14251	921	3	evidence	evidence	NOUN
cblr-14251	921	4	demonstrates	demonstrate	VERB
cblr-14251	921	5	that	that	SCONJ
cblr-14251	921	6	in	in	ADP
cblr-14251	921	7	addition	addition	NOUN
cblr-14251	921	8	to	to	ADP
cblr-14251	921	9	financial	financial	ADJ
cblr-14251	921	10	factors	factor	NOUN
cblr-14251	921	11	,	,	PUNCT
cblr-14251	921	12	investors	investor	NOUN
cblr-14251	921	13	trade	trade	VERB
cblr-14251	921	14	as	as	ADP
cblr-14251	921	15	a	a	DET
cblr-14251	921	16	result	result	NOUN
cblr-14251	921	17	of	of	ADP
cblr-14251	921	18	demanddriven	demanddriven	ADJ
cblr-14251	921	19	,	,	PUNCT
cblr-14251	921	20	non	non	ADJ
cblr-14251	921	21	-	-	ADJ
cblr-14251	921	22	financial	financial	ADJ
cblr-14251	921	23	factors	factor	NOUN
cblr-14251	921	24	such	such	ADJ
cblr-14251	921	25	as	as	ADP
cblr-14251	921	26	esg	esg	PROPN
cblr-14251	921	27	issues	issue	NOUN
cblr-14251	921	28	,	,	PUNCT
cblr-14251	921	29	cultural	cultural	ADJ
cblr-14251	921	30	and	and	CCONJ
cblr-14251	921	31	political	political	ADJ
cblr-14251	921	32	values	value	NOUN
cblr-14251	921	33	,	,	PUNCT
cblr-14251	921	34	self	self	NOUN
cblr-14251	921	35	-	-	PUNCT
cblr-14251	921	36	expression	expression	NOUN
cblr-14251	921	37	,	,	PUNCT
cblr-14251	921	38	and	and	CCONJ
cblr-14251	921	39	community	community	NOUN
cblr-14251	921	40	enjoyment	enjoyment	NOUN
cblr-14251	921	41	.	.	PUNCT
cblr-14251	922	1	as	as	SCONJ
cblr-14251	922	2	the	the	DET
cblr-14251	922	3	stock	stock	NOUN
cblr-14251	922	4	market	market	NOUN
cblr-14251	922	5	information	information	NOUN
cblr-14251	922	6	ecosystem	ecosystem	NOUN
cblr-14251	922	7	absorbs	absorb	VERB
cblr-14251	922	8	this	this	DET
cblr-14251	922	9	reality	reality	NOUN
cblr-14251	922	10	,	,	PUNCT
cblr-14251	922	11	shifts	shift	NOUN
cblr-14251	922	12	are	be	AUX
cblr-14251	922	13	occurring	occur	VERB
cblr-14251	922	14	in	in	ADP
cblr-14251	922	15	price	price	NOUN
cblr-14251	922	16	and	and	CCONJ
cblr-14251	922	17	market	market	NOUN
cblr-14251	922	18	behavior	behavior	NOUN
cblr-14251	922	19	.	.	PUNCT
cblr-14251	923	1	this	this	PRON
cblr-14251	923	2	raises	raise	VERB
cblr-14251	923	3	a	a	DET
cblr-14251	923	4	critical	critical	ADJ
cblr-14251	923	5	tension	tension	NOUN
cblr-14251	923	6	.	.	PUNCT
cblr-14251	924	1	much	much	ADJ
cblr-14251	924	2	of	of	ADP
cblr-14251	924	3	the	the	DET
cblr-14251	924	4	securities	security	NOUN
cblr-14251	924	5	laws	law	NOUN
cblr-14251	924	6	seek	seek	VERB
cblr-14251	924	7	to	to	PART
cblr-14251	924	8	promote	promote	VERB
cblr-14251	924	9	market	market	NOUN
cblr-14251	924	10	integrity	integrity	NOUN
cblr-14251	924	11	and	and	CCONJ
cblr-14251	924	12	protect	protect	VERB
cblr-14251	924	13	market	market	NOUN
cblr-14251	924	14	participants	participant	NOUN
cblr-14251	924	15	by	by	ADP
cblr-14251	924	16	regulating	regulate	VERB
cblr-14251	924	17	against	against	ADP
cblr-14251	924	18	fraud	fraud	NOUN
cblr-14251	924	19	and	and	CCONJ
cblr-14251	924	20	manipulation	manipulation	NOUN
cblr-14251	924	21	.	.	PUNCT
cblr-14251	925	1	if	if	SCONJ
cblr-14251	925	2	recent	recent	ADJ
cblr-14251	925	3	events	event	NOUN
cblr-14251	925	4	demand	demand	VERB
cblr-14251	925	5	a	a	DET
cblr-14251	925	6	broader	broad	ADJ
cblr-14251	925	7	understanding	understanding	NOUN
cblr-14251	925	8	of	of	ADP
cblr-14251	925	9	information	information	NOUN
cblr-14251	925	10	and	and	CCONJ
cblr-14251	925	11	factors	factor	NOUN
cblr-14251	925	12	that	that	PRON
cblr-14251	925	13	move	move	VERB
cblr-14251	925	14	stock	stock	NOUN
cblr-14251	925	15	prices	price	NOUN
cblr-14251	925	16	,	,	PUNCT
cblr-14251	925	17	it	it	PRON
cblr-14251	925	18	will	will	AUX
cblr-14251	925	19	become	become	VERB
cblr-14251	925	20	increasingly	increasingly	ADV
cblr-14251	925	21	228	228	NUM
cblr-14251	925	22	as	as	SCONJ
cblr-14251	925	23	others	other	NOUN
cblr-14251	925	24	have	have	AUX
cblr-14251	925	25	observed	observe	VERB
cblr-14251	925	26	,	,	PUNCT
cblr-14251	925	27	“	"	PUNCT
cblr-14251	925	28	[	[	X
cblr-14251	925	29	f]raud	f]raud	PRON
cblr-14251	925	30	can	can	AUX
cblr-14251	925	31	operate	operate	VERB
cblr-14251	925	32	powerfully	powerfully	ADV
cblr-14251	925	33	in	in	ADP
cblr-14251	925	34	less	less	ADJ
cblr-14251	925	35	-	-	PUNCT
cblr-14251	925	36	than	than	ADP
cblr-14251	925	37	-	-	PUNCT
cblr-14251	925	38	fully	fully	ADV
cblr-14251	925	39	efficient	efficient	ADJ
cblr-14251	925	40	markets	market	NOUN
cblr-14251	925	41	and	and	CCONJ
cblr-14251	925	42	have	have	VERB
cblr-14251	925	43	pernicious	pernicious	ADJ
cblr-14251	925	44	effects	effect	NOUN
cblr-14251	925	45	that	that	PRON
cblr-14251	925	46	are	be	AUX
cblr-14251	925	47	hard	hard	ADJ
cblr-14251	925	48	to	to	PART
cblr-14251	925	49	isolate	isolate	VERB
cblr-14251	925	50	even	even	ADV
cblr-14251	925	51	in	in	ADP
cblr-14251	925	52	those	those	PRON
cblr-14251	925	53	that	that	PRON
cblr-14251	925	54	are	be	AUX
cblr-14251	925	55	efficient	efficient	ADJ
cblr-14251	925	56	.	.	PUNCT
cblr-14251	925	57	”	"	PUNCT
cblr-14251	926	1	langevoort	langevoort	NOUN
cblr-14251	926	2	,	,	PUNCT
cblr-14251	926	3	basic	basic	ADJ
cblr-14251	926	4	at	at	ADP
cblr-14251	926	5	twenty	twenty	NUM
cblr-14251	926	6	,	,	PUNCT
cblr-14251	926	7	supra	supra	ADJ
cblr-14251	926	8	note	note	NOUN
cblr-14251	926	9	103	103	NUM
cblr-14251	926	10	,	,	PUNCT
cblr-14251	926	11	at	at	ADP
cblr-14251	926	12	41	41	NUM
cblr-14251	926	13	.	.	PUNCT
cblr-14251	927	1	no	no	INTJ
cblr-14251	927	2	.	.	NOUN
cblr-14251	927	3	1	1	NUM
cblr-14251	927	4	]	]	PUNCT
cblr-14251	927	5	securities	security	NOUN
cblr-14251	927	6	fraud	fraud	NOUN
cblr-14251	927	7	and	and	CCONJ
cblr-14251	927	8	the	the	DET
cblr-14251	927	9	market	market	NOUN
cblr-14251	927	10	for	for	ADP
cblr-14251	927	11	individual	individual	ADJ
cblr-14251	927	12	stocks	stock	NOUN
cblr-14251	927	13	291	291	NUM
cblr-14251	927	14	difficult	difficult	ADJ
cblr-14251	927	15	to	to	PART
cblr-14251	927	16	distinguish	distinguish	VERB
cblr-14251	927	17	between	between	ADP
cblr-14251	927	18	fraudulent	fraudulent	ADJ
cblr-14251	927	19	and	and	CCONJ
cblr-14251	927	20	expressive	expressive	ADJ
cblr-14251	927	21	speech	speech	NOUN
cblr-14251	927	22	,	,	PUNCT
cblr-14251	927	23	straining	strain	VERB
cblr-14251	927	24	the	the	DET
cblr-14251	927	25	reach	reach	NOUN
cblr-14251	927	26	of	of	ADP
cblr-14251	927	27	these	these	DET
cblr-14251	927	28	laws	law	NOUN
cblr-14251	927	29	.	.	PUNCT
cblr-14251	928	1	it	it	PRON
cblr-14251	928	2	also	also	ADV
cblr-14251	928	3	may	may	AUX
cblr-14251	928	4	become	become	VERB
cblr-14251	928	5	more	more	ADV
cblr-14251	928	6	difficult	difficult	ADJ
cblr-14251	928	7	,	,	PUNCT
cblr-14251	928	8	or	or	CCONJ
cblr-14251	928	9	even	even	ADV
cblr-14251	928	10	less	less	ADV
cblr-14251	928	11	desirable	desirable	ADJ
cblr-14251	928	12	,	,	PUNCT
cblr-14251	928	13	to	to	PART
cblr-14251	928	14	regulate	regulate	VERB
cblr-14251	928	15	those	those	PRON
cblr-14251	928	16	who	who	PRON
cblr-14251	928	17	generate	generate	VERB
cblr-14251	928	18	information	information	NOUN
cblr-14251	928	19	(	(	PUNCT
cblr-14251	928	20	as	as	SCONJ
cblr-14251	928	21	that	that	DET
cblr-14251	928	22	category	category	NOUN
cblr-14251	928	23	expands	expand	VERB
cblr-14251	928	24	)	)	PUNCT
cblr-14251	928	25	.	.	PUNCT
cblr-14251	929	1	a	a	DET
cblr-14251	929	2	number	number	NOUN
cblr-14251	929	3	of	of	ADP
cblr-14251	929	4	questions	question	NOUN
cblr-14251	929	5	follow	follow	VERB
cblr-14251	929	6	.	.	PUNCT
cblr-14251	930	1	should	should	AUX
cblr-14251	930	2	this	this	DET
cblr-14251	930	3	gray	gray	ADJ
cblr-14251	930	4	-	-	PUNCT
cblr-14251	930	5	area	area	NOUN
cblr-14251	930	6	behavior	behavior	NOUN
cblr-14251	930	7	be	be	AUX
cblr-14251	930	8	regulated	regulate	VERB
cblr-14251	930	9	by	by	ADP
cblr-14251	930	10	securities	security	NOUN
cblr-14251	930	11	laws	law	NOUN
cblr-14251	930	12	,	,	PUNCT
cblr-14251	930	13	or	or	CCONJ
cblr-14251	930	14	should	should	AUX
cblr-14251	930	15	it	it	PRON
cblr-14251	930	16	not	not	PART
cblr-14251	930	17	,	,	PUNCT
cblr-14251	930	18	for	for	ADP
cblr-14251	930	19	fear	fear	NOUN
cblr-14251	930	20	of	of	ADP
cblr-14251	930	21	chilling	chill	VERB
cblr-14251	930	22	legitimate	legitimate	ADJ
cblr-14251	930	23	speech	speech	NOUN
cblr-14251	930	24	or	or	CCONJ
cblr-14251	930	25	information	information	NOUN
cblr-14251	930	26	generation	generation	NOUN
cblr-14251	930	27	?	?	PUNCT
cblr-14251	931	1	even	even	ADV
cblr-14251	931	2	if	if	SCONJ
cblr-14251	931	3	the	the	DET
cblr-14251	931	4	answer	answer	NOUN
cblr-14251	931	5	is	be	AUX
cblr-14251	931	6	yes	yes	ADV
cblr-14251	931	7	,	,	PUNCT
cblr-14251	931	8	is	be	AUX
cblr-14251	931	9	such	such	ADJ
cblr-14251	931	10	regulation	regulation	NOUN
cblr-14251	931	11	feasible	feasible	ADJ
cblr-14251	931	12	?	?	PUNCT
cblr-14251	932	1	and	and	CCONJ
cblr-14251	932	2	,	,	PUNCT
cblr-14251	932	3	who	who	PRON
cblr-14251	932	4	is	be	AUX
cblr-14251	932	5	the	the	DET
cblr-14251	932	6	investor	investor	NOUN
cblr-14251	932	7	that	that	PRON
cblr-14251	932	8	regulation	regulation	NOUN
cblr-14251	932	9	does	do	VERB
cblr-14251	932	10	or	or	CCONJ
cblr-14251	932	11	should	should	AUX
cblr-14251	932	12	seek	seek	VERB
cblr-14251	932	13	to	to	PART
cblr-14251	932	14	protect	protect	VERB
cblr-14251	932	15	?	?	PUNCT
cblr-14251	933	1	part	part	NOUN
cblr-14251	933	2	a	a	DET
cblr-14251	933	3	identifies	identifie	NOUN
cblr-14251	933	4	and	and	CCONJ
cblr-14251	933	5	examines	examine	VERB
cblr-14251	933	6	the	the	DET
cblr-14251	933	7	gray	gray	ADJ
cblr-14251	933	8	area	area	NOUN
cblr-14251	933	9	of	of	ADP
cblr-14251	933	10	demand	demand	NOUN
cblr-14251	933	11	-	-	PUNCT
cblr-14251	933	12	driven	drive	VERB
cblr-14251	933	13	investing	investing	NOUN
cblr-14251	933	14	vis	vis	X
cblr-14251	933	15	-	-	PUNCT
cblr-14251	933	16	à	à	X
cblr-14251	933	17	-	-	PUNCT
cblr-14251	933	18	vis	vis	X
cblr-14251	933	19	securities	security	NOUN
cblr-14251	933	20	laws	law	NOUN
cblr-14251	933	21	application	application	NOUN
cblr-14251	933	22	.	.	PUNCT
cblr-14251	934	1	part	part	NOUN
cblr-14251	934	2	b	b	PROPN
cblr-14251	934	3	makes	make	VERB
cblr-14251	934	4	the	the	DET
cblr-14251	934	5	argument	argument	NOUN
cblr-14251	934	6	that	that	SCONJ
cblr-14251	934	7	securities	security	NOUN
cblr-14251	934	8	laws	law	NOUN
cblr-14251	934	9	should	should	AUX
cblr-14251	934	10	factor	factor	VERB
cblr-14251	934	11	in	in	ADP
cblr-14251	934	12	demand	demand	NOUN
cblr-14251	934	13	-	-	PUNCT
cblr-14251	934	14	driven	drive	VERB
cblr-14251	934	15	investing	investing	NOUN
cblr-14251	934	16	and	and	CCONJ
cblr-14251	934	17	the	the	DET
cblr-14251	934	18	existence	existence	NOUN
cblr-14251	934	19	of	of	ADP
cblr-14251	934	20	a	a	DET
cblr-14251	934	21	market	market	NOUN
cblr-14251	934	22	for	for	ADP
cblr-14251	934	23	individual	individual	ADJ
cblr-14251	934	24	stocks	stock	NOUN
cblr-14251	934	25	.	.	PUNCT
cblr-14251	935	1	part	part	NOUN
cblr-14251	935	2	c	c	PROPN
cblr-14251	935	3	explores	explore	VERB
cblr-14251	935	4	potential	potential	ADJ
cblr-14251	935	5	responses	response	NOUN
cblr-14251	935	6	and	and	CCONJ
cblr-14251	935	7	further	further	ADJ
cblr-14251	935	8	implications	implication	NOUN
cblr-14251	935	9	.	.	PUNCT
cblr-14251	936	1	a.	a.	NOUN
cblr-14251	936	2	a	a	DET
cblr-14251	936	3	demand	demand	NOUN
cblr-14251	936	4	-	-	PUNCT
cblr-14251	936	5	driven	drive	VERB
cblr-14251	936	6	gray	gray	ADJ
cblr-14251	936	7	area	area	NOUN
cblr-14251	936	8	demand	demand	NOUN
cblr-14251	936	9	-	-	PUNCT
cblr-14251	936	10	driven	drive	VERB
cblr-14251	936	11	investing	investing	NOUN
cblr-14251	936	12	lowers	lower	VERB
cblr-14251	936	13	the	the	DET
cblr-14251	936	14	barriers	barrier	NOUN
cblr-14251	936	15	to	to	PART
cblr-14251	936	16	fraud	fraud	VERB
cblr-14251	936	17	and	and	CCONJ
cblr-14251	936	18	manipulation	manipulation	NOUN
cblr-14251	936	19	by	by	ADP
cblr-14251	936	20	increasing	increase	VERB
cblr-14251	936	21	the	the	DET
cblr-14251	936	22	informational	informational	ADJ
cblr-14251	936	23	levers	lever	NOUN
cblr-14251	936	24	that	that	PRON
cblr-14251	936	25	a	a	DET
cblr-14251	936	26	wrongdoer	wrongdoer	NOUN
cblr-14251	936	27	can	can	AUX
cblr-14251	936	28	pull	pull	VERB
cblr-14251	936	29	.	.	PUNCT
cblr-14251	937	1	if	if	SCONJ
cblr-14251	937	2	stock	stock	NOUN
cblr-14251	937	3	prices	price	NOUN
cblr-14251	937	4	are	be	AUX
cblr-14251	937	5	not	not	PART
cblr-14251	937	6	solely	solely	ADV
cblr-14251	937	7	driven	drive	VERB
cblr-14251	937	8	by	by	ADP
cblr-14251	937	9	fundamentals	fundamental	NOUN
cblr-14251	937	10	,	,	PUNCT
cblr-14251	937	11	but	but	CCONJ
cblr-14251	937	12	instead	instead	ADV
cblr-14251	937	13	also	also	ADV
cblr-14251	937	14	respond	respond	VERB
cblr-14251	937	15	to	to	ADP
cblr-14251	937	16	investor	investor	NOUN
cblr-14251	937	17	demand	demand	NOUN
cblr-14251	937	18	and	and	CCONJ
cblr-14251	937	19	exhibit	exhibit	VERB
cblr-14251	937	20	characteristics	characteristic	NOUN
cblr-14251	937	21	of	of	ADP
cblr-14251	937	22	an	an	DET
cblr-14251	937	23	individual	individual	ADJ
cblr-14251	937	24	market	market	NOUN
cblr-14251	937	25	for	for	ADP
cblr-14251	937	26	stocks	stock	NOUN
cblr-14251	937	27	,	,	PUNCT
cblr-14251	937	28	wrongdoers	wrongdoer	NOUN
cblr-14251	937	29	can	can	AUX
cblr-14251	937	30	exploit	exploit	VERB
cblr-14251	937	31	a	a	DET
cblr-14251	937	32	much	much	ADV
cblr-14251	937	33	wider	wide	ADJ
cblr-14251	937	34	range	range	NOUN
cblr-14251	937	35	of	of	ADP
cblr-14251	937	36	investor	investor	NOUN
cblr-14251	937	37	sentiment	sentiment	NOUN
cblr-14251	937	38	and	and	CCONJ
cblr-14251	937	39	preference	preference	NOUN
cblr-14251	937	40	in	in	ADP
cblr-14251	937	41	order	order	NOUN
cblr-14251	937	42	to	to	PART
cblr-14251	937	43	generate	generate	VERB
cblr-14251	937	44	stock	stock	NOUN
cblr-14251	937	45	price	price	NOUN
cblr-14251	937	46	movements	movement	NOUN
cblr-14251	937	47	.	.	PUNCT
cblr-14251	938	1	wrongdoers	wrongdoer	NOUN
cblr-14251	938	2	need	need	AUX
cblr-14251	938	3	not	not	PART
cblr-14251	938	4	say	say	VERB
cblr-14251	938	5	anything	anything	PRON
cblr-14251	938	6	directly	directly	ADV
cblr-14251	938	7	related	relate	VERB
cblr-14251	938	8	to	to	ADP
cblr-14251	938	9	a	a	DET
cblr-14251	938	10	stock	stock	NOUN
cblr-14251	938	11	’s	’s	PART
cblr-14251	938	12	fundamentals	fundamental	NOUN
cblr-14251	938	13	in	in	ADP
cblr-14251	938	14	order	order	NOUN
cblr-14251	938	15	to	to	PART
cblr-14251	938	16	generate	generate	VERB
cblr-14251	938	17	movement	movement	NOUN
cblr-14251	938	18	.	.	PUNCT
cblr-14251	939	1	this	this	PRON
cblr-14251	939	2	may	may	AUX
cblr-14251	939	3	allow	allow	VERB
cblr-14251	939	4	them	they	PRON
cblr-14251	939	5	to	to	PART
cblr-14251	939	6	steer	steer	VERB
cblr-14251	939	7	clear	clear	ADJ
cblr-14251	939	8	of	of	ADP
cblr-14251	939	9	securities	security	NOUN
cblr-14251	939	10	laws	law	NOUN
cblr-14251	939	11	that	that	PRON
cblr-14251	939	12	traditionally	traditionally	ADV
cblr-14251	939	13	target	target	VERB
cblr-14251	939	14	speech	speech	NOUN
cblr-14251	939	15	or	or	CCONJ
cblr-14251	939	16	behaviors	behavior	NOUN
cblr-14251	939	17	directly	directly	ADV
cblr-14251	939	18	related	relate	VERB
cblr-14251	939	19	to	to	ADP
cblr-14251	939	20	a	a	DET
cblr-14251	939	21	stock	stock	NOUN
cblr-14251	939	22	’s	’s	PART
cblr-14251	939	23	core	core	NOUN
cblr-14251	939	24	price	price	NOUN
cblr-14251	939	25	drivers	driver	NOUN
cblr-14251	939	26	:	:	PUNCT
cblr-14251	939	27	fundamental	fundamental	ADJ
cblr-14251	939	28	information	information	NOUN
cblr-14251	939	29	.	.	PUNCT
cblr-14251	940	1	one	one	NUM
cblr-14251	940	2	clear	clear	ADJ
cblr-14251	940	3	risk	risk	NOUN
cblr-14251	940	4	is	be	AUX
cblr-14251	940	5	a	a	DET
cblr-14251	940	6	person	person	NOUN
cblr-14251	940	7	who	who	PRON
cblr-14251	940	8	intentionally	intentionally	ADV
cblr-14251	940	9	posts	post	VERB
cblr-14251	940	10	communications	communication	NOUN
cblr-14251	940	11	that	that	PRON
cblr-14251	940	12	target	target	VERB
cblr-14251	940	13	demand	demand	NOUN
cblr-14251	940	14	factors	factor	NOUN
cblr-14251	940	15	,	,	PUNCT
cblr-14251	940	16	knowing	know	VERB
cblr-14251	940	17	that	that	SCONJ
cblr-14251	940	18	investors	investor	NOUN
cblr-14251	940	19	will	will	AUX
cblr-14251	940	20	respond	respond	VERB
cblr-14251	940	21	in	in	ADP
cblr-14251	940	22	a	a	DET
cblr-14251	940	23	predictable	predictable	ADJ
cblr-14251	940	24	way	way	NOUN
cblr-14251	940	25	.	.	PUNCT
cblr-14251	941	1	these	these	DET
cblr-14251	941	2	communications	communication	NOUN
cblr-14251	941	3	may	may	AUX
cblr-14251	941	4	contain	contain	VERB
cblr-14251	941	5	non	non	ADJ
cblr-14251	941	6	-	-	ADJ
cblr-14251	941	7	financial	financial	ADJ
cblr-14251	941	8	—	—	PUNCT
cblr-14251	941	9	and	and	CCONJ
cblr-14251	941	10	even	even	ADV
cblr-14251	941	11	nonfalsifiable	nonfalsifiable	ADJ
cblr-14251	941	12	—	—	PUNCT
cblr-14251	941	13	information	information	NOUN
cblr-14251	941	14	.	.	PUNCT
cblr-14251	942	1	the	the	DET
cblr-14251	942	2	securities	security	NOUN
cblr-14251	942	3	fraud	fraud	NOUN
cblr-14251	942	4	laws	law	NOUN
cblr-14251	942	5	do	do	AUX
cblr-14251	942	6	not	not	PART
cblr-14251	942	7	clearly	clearly	ADV
cblr-14251	942	8	protect	protect	VERB
cblr-14251	942	9	those	those	PRON
cblr-14251	942	10	harmed	harm	VERB
cblr-14251	942	11	by	by	ADP
cblr-14251	942	12	such	such	ADJ
cblr-14251	942	13	behavior	behavior	NOUN
cblr-14251	942	14	(	(	PUNCT
cblr-14251	942	15	those	those	PRON
cblr-14251	942	16	who	who	PRON
cblr-14251	942	17	traded	trade	VERB
cblr-14251	942	18	and	and	CCONJ
cblr-14251	942	19	lost	lose	VERB
cblr-14251	942	20	money	money	NOUN
cblr-14251	942	21	as	as	ADP
cblr-14251	942	22	a	a	DET
cblr-14251	942	23	result	result	NOUN
cblr-14251	942	24	of	of	ADP
cblr-14251	942	25	such	such	ADJ
cblr-14251	942	26	behavior	behavior	NOUN
cblr-14251	942	27	)	)	PUNCT
cblr-14251	942	28	because	because	SCONJ
cblr-14251	942	29	292	292	NUM
cblr-14251	942	30	columbia	columbia	PROPN
cblr-14251	942	31	business	business	NOUN
cblr-14251	942	32	law	law	PROPN
cblr-14251	942	33	review	review	NOUN
cblr-14251	942	34	[	[	X
cblr-14251	942	35	vol	vol	NOUN
cblr-14251	942	36	.	.	PUNCT
cblr-14251	942	37	2025	2025	NUM
cblr-14251	942	38	those	those	DET
cblr-14251	942	39	communications	communication	NOUN
cblr-14251	942	40	may	may	AUX
cblr-14251	942	41	not	not	PART
cblr-14251	942	42	be	be	AUX
cblr-14251	942	43	deemed	deem	VERB
cblr-14251	942	44	sufficiently	sufficiently	ADV
cblr-14251	942	45	material	material	NOUN
cblr-14251	942	46	under	under	ADP
cblr-14251	942	47	existing	exist	VERB
cblr-14251	942	48	doctrine	doctrine	NOUN
cblr-14251	942	49	,	,	PUNCT
cblr-14251	942	50	for	for	ADP
cblr-14251	942	51	example	example	NOUN
cblr-14251	942	52	.	.	PUNCT
cblr-14251	943	1	such	such	ADJ
cblr-14251	943	2	trading	trading	NOUN
cblr-14251	943	3	would	would	AUX
cblr-14251	943	4	most	most	ADV
cblr-14251	943	5	likely	likely	ADV
cblr-14251	943	6	be	be	AUX
cblr-14251	943	7	chalked	chalk	VERB
cblr-14251	943	8	up	up	ADP
cblr-14251	943	9	to	to	ADP
cblr-14251	943	10	noise	noise	NOUN
cblr-14251	943	11	and	and	CCONJ
cblr-14251	943	12	imprudence	imprudence	NOUN
cblr-14251	943	13	,	,	PUNCT
cblr-14251	943	14	neither	neither	PRON
cblr-14251	943	15	of	of	ADP
cblr-14251	943	16	which	which	PRON
cblr-14251	943	17	is	be	AUX
cblr-14251	943	18	,	,	PUNCT
cblr-14251	943	19	by	by	ADP
cblr-14251	943	20	itself	itself	PRON
cblr-14251	943	21	,	,	PUNCT
cblr-14251	943	22	actionable	actionable	ADJ
cblr-14251	943	23	under	under	ADP
cblr-14251	943	24	the	the	DET
cblr-14251	943	25	securities	security	NOUN
cblr-14251	943	26	laws	law	NOUN
cblr-14251	943	27	.	.	PUNCT
cblr-14251	944	1	recall	recall	VERB
cblr-14251	944	2	the	the	DET
cblr-14251	944	3	example	example	NOUN
cblr-14251	944	4	of	of	ADP
cblr-14251	944	5	andrew	andrew	PROPN
cblr-14251	944	6	left	leave	VERB
cblr-14251	944	7	,	,	PUNCT
cblr-14251	944	8	the	the	DET
cblr-14251	944	9	activist	activist	ADJ
cblr-14251	944	10	short	short	ADJ
cblr-14251	944	11	seller	seller	NOUN
cblr-14251	944	12	who	who	PRON
cblr-14251	944	13	was	be	AUX
cblr-14251	944	14	charged	charge	VERB
cblr-14251	944	15	with	with	ADP
cblr-14251	944	16	securities	security	NOUN
cblr-14251	944	17	fraud	fraud	NOUN
cblr-14251	944	18	in	in	ADP
cblr-14251	944	19	july	july	PROPN
cblr-14251	944	20	2024.229	2024.229	NUM
cblr-14251	944	21	according	accord	VERB
cblr-14251	944	22	to	to	ADP
cblr-14251	944	23	the	the	DET
cblr-14251	944	24	allegations	allegation	NOUN
cblr-14251	944	25	,	,	PUNCT
cblr-14251	944	26	left	leave	VERB
cblr-14251	944	27	leveraged	leverage	VERB
cblr-14251	944	28	his	his	PRON
cblr-14251	944	29	social	social	ADJ
cblr-14251	944	30	media	medium	NOUN
cblr-14251	944	31	presence	presence	NOUN
cblr-14251	944	32	,	,	PUNCT
cblr-14251	944	33	using	use	VERB
cblr-14251	944	34	“	"	PUNCT
cblr-14251	944	35	sensationalized	sensationalize	VERB
cblr-14251	944	36	headlines	headline	NOUN
cblr-14251	944	37	and	and	CCONJ
cblr-14251	944	38	exaggerated	exaggerated	ADJ
cblr-14251	944	39	language”230	language”230	NOUN
cblr-14251	944	40	to	to	PART
cblr-14251	944	41	“	"	PUNCT
cblr-14251	944	42	knowingly	knowingly	ADV
cblr-14251	944	43	exploit	exploit	VERB
cblr-14251	944	44	[	[	X
cblr-14251	944	45	]	]	X
cblr-14251	944	46	his	his	PRON
cblr-14251	944	47	ability	ability	NOUN
cblr-14251	944	48	to	to	PART
cblr-14251	944	49	move	move	VERB
cblr-14251	944	50	stock	stock	NOUN
cblr-14251	944	51	prices	price	NOUN
cblr-14251	944	52	by	by	ADP
cblr-14251	944	53	targeting	target	VERB
cblr-14251	944	54	stocks	stock	NOUN
cblr-14251	944	55	popular	popular	ADJ
cblr-14251	944	56	with	with	ADP
cblr-14251	944	57	retail	retail	ADJ
cblr-14251	944	58	investors	investor	NOUN
cblr-14251	944	59	and	and	CCONJ
cblr-14251	944	60	posting	post	VERB
cblr-14251	944	61	recommendations	recommendation	NOUN
cblr-14251	944	62	on	on	ADP
cblr-14251	944	63	social	social	ADJ
cblr-14251	944	64	media	medium	NOUN
cblr-14251	944	65	to	to	PART
cblr-14251	944	66	manipulate	manipulate	VERB
cblr-14251	944	67	the	the	DET
cblr-14251	944	68	market	market	NOUN
cblr-14251	944	69	and	and	CCONJ
cblr-14251	944	70	make	make	VERB
cblr-14251	944	71	fast	fast	ADJ
cblr-14251	944	72	,	,	PUNCT
cblr-14251	944	73	easy	easy	ADJ
cblr-14251	944	74	money	money	NOUN
cblr-14251	944	75	.	.	PUNCT
cblr-14251	944	76	”231	”231	PUNCT
cblr-14251	945	1	one	one	NUM
cblr-14251	945	2	illustrative	illustrative	ADJ
cblr-14251	945	3	instance	instance	NOUN
cblr-14251	945	4	involved	involve	VERB
cblr-14251	945	5	cronos	cronos	PROPN
cblr-14251	945	6	group	group	NOUN
cblr-14251	945	7	,	,	PUNCT
cblr-14251	945	8	a	a	DET
cblr-14251	945	9	canadian	canadian	ADJ
cblr-14251	945	10	cannabis	cannabis	NOUN
cblr-14251	945	11	company	company	NOUN
cblr-14251	945	12	(	(	PUNCT
cblr-14251	945	13	ticker	ticker	PROPN
cblr-14251	945	14	cron).232	cron).232	PROPN
cblr-14251	945	15	left	leave	VERB
cblr-14251	945	16	published	publish	VERB
cblr-14251	945	17	a	a	DET
cblr-14251	945	18	report	report	NOUN
cblr-14251	945	19	on	on	ADP
cblr-14251	945	20	cronos	crono	NOUN
cblr-14251	945	21	and	and	CCONJ
cblr-14251	945	22	tweeted	tweet	VERB
cblr-14251	945	23	,	,	PUNCT
cblr-14251	945	24	“	"	PUNCT
cblr-14251	945	25	$	$	SYM
cblr-14251	945	26	cron	cron	NOUN
cblr-14251	945	27	tgt	tgt	X
cblr-14251	945	28	price	price	PROPN
cblr-14251	945	29	$	$	SYM
cblr-14251	945	30	3.5	3.5	NUM
cblr-14251	945	31	.	.	PUNCT
cblr-14251	946	1	everything	everything	PRON
cblr-14251	946	2	that	that	PRON
cblr-14251	946	3	is	be	AUX
cblr-14251	946	4	contaminated	contaminate	VERB
cblr-14251	946	5	about	about	ADP
cblr-14251	946	6	the	the	DET
cblr-14251	946	7	cannabis	cannabis	NOUN
cblr-14251	946	8	space	space	NOUN
cblr-14251	946	9	.	.	PUNCT
cblr-14251	947	1	all	all	DET
cblr-14251	947	2	hype	hype	NOUN
cblr-14251	947	3	with	with	ADP
cblr-14251	947	4	possible	possible	ADJ
cblr-14251	947	5	securities	security	NOUN
cblr-14251	947	6	fraud	fraud	NOUN
cblr-14251	947	7	.	.	PUNCT
cblr-14251	948	1	”233	”233	PROPN
cblr-14251	948	2	later	later	ADV
cblr-14251	948	3	,	,	PUNCT
cblr-14251	948	4	left	leave	VERB
cblr-14251	948	5	made	make	VERB
cblr-14251	948	6	an	an	DET
cblr-14251	948	7	appearance	appearance	NOUN
cblr-14251	948	8	on	on	ADP
cblr-14251	948	9	cnbc	cnbc	PROPN
cblr-14251	948	10	’s	’s	PART
cblr-14251	948	11	fast	fast	ADJ
cblr-14251	948	12	money	money	NOUN
cblr-14251	948	13	,	,	PUNCT
cblr-14251	948	14	where	where	SCONJ
cblr-14251	948	15	he	he	PRON
cblr-14251	948	16	was	be	AUX
cblr-14251	948	17	asked	ask	VERB
cblr-14251	948	18	if	if	SCONJ
cblr-14251	948	19	he	he	PRON
cblr-14251	948	20	was	be	AUX
cblr-14251	948	21	“	"	PUNCT
cblr-14251	948	22	just	just	ADV
cblr-14251	948	23	as	as	ADP
cblr-14251	948	24	229	229	NUM
cblr-14251	948	25	press	press	NOUN
cblr-14251	948	26	release	release	NOUN
cblr-14251	948	27	,	,	PUNCT
cblr-14251	948	28	sec	sec	PROPN
cblr-14251	948	29	,	,	PUNCT
cblr-14251	948	30	sec	sec	PROPN
cblr-14251	948	31	charges	charge	NOUN
cblr-14251	948	32	andrew	andrew	PROPN
cblr-14251	948	33	left	leave	VERB
cblr-14251	948	34	and	and	CCONJ
cblr-14251	948	35	citron	citron	NOUN
cblr-14251	948	36	capital	capital	NOUN
cblr-14251	948	37	for	for	ADP
cblr-14251	948	38	$	$	SYM
cblr-14251	948	39	20	20	NUM
cblr-14251	948	40	million	million	NUM
cblr-14251	948	41	fraud	fraud	NOUN
cblr-14251	948	42	scheme	scheme	NOUN
cblr-14251	948	43	(	(	PUNCT
cblr-14251	948	44	july	july	PROPN
cblr-14251	948	45	26	26	NUM
cblr-14251	948	46	,	,	PUNCT
cblr-14251	948	47	2024	2024	NUM
cblr-14251	948	48	)	)	PUNCT
cblr-14251	948	49	,	,	PUNCT
cblr-14251	948	50	https://www.sec.gov/newsroom/press-releases/2024-89	https://www.sec.gov/newsroom/press-releases/2024-89	X
cblr-14251	948	51	;	;	PUNCT
cblr-14251	948	52	press	press	NOUN
cblr-14251	948	53	release	release	NOUN
cblr-14251	948	54	,	,	PUNCT
cblr-14251	948	55	dep’t	dep’t	NOUN
cblr-14251	948	56	of	of	ADP
cblr-14251	948	57	just	just	ADV
cblr-14251	948	58	.	.	PUNCT
cblr-14251	949	1	,	,	PUNCT
cblr-14251	949	2	activist	activist	ADJ
cblr-14251	949	3	short	short	ADJ
cblr-14251	949	4	seller	seller	NOUN
cblr-14251	949	5	charged	charge	VERB
cblr-14251	949	6	for	for	ADP
cblr-14251	949	7	$	$	SYM
cblr-14251	949	8	16	16	NUM
cblr-14251	949	9	m	m	NOUN
cblr-14251	949	10	stock	stock	NOUN
cblr-14251	949	11	market	market	NOUN
cblr-14251	949	12	manipulation	manipulation	NOUN
cblr-14251	949	13	scheme	scheme	NOUN
cblr-14251	949	14	(	(	PUNCT
cblr-14251	949	15	july	july	PROPN
cblr-14251	949	16	26	26	NUM
cblr-14251	949	17	,	,	PUNCT
cblr-14251	949	18	2024	2024	NUM
cblr-14251	949	19	)	)	PUNCT
cblr-14251	949	20	,	,	PUNCT
cblr-14251	949	21	https://www.justice.gov/opa/pr/activist-short-sellercharged-16m-stock-market-manipulation-scheme	https://www.justice.gov/opa/pr/activist-short-sellercharged-16m-stock-market-manipulation-scheme	NOUN
cblr-14251	950	1	[	[	X
cblr-14251	950	2	https://perma.cc/urh7uyhz	https://perma.cc/urh7uyhz	X
cblr-14251	950	3	]	]	X
cblr-14251	950	4	.	.	PUNCT
cblr-14251	951	1	230	230	NUM
cblr-14251	951	2	press	press	NOUN
cblr-14251	951	3	release	release	NOUN
cblr-14251	951	4	,	,	PUNCT
cblr-14251	951	5	dep’t	dep’t	NOUN
cblr-14251	951	6	of	of	ADP
cblr-14251	951	7	just	just	ADV
cblr-14251	951	8	.	.	PUNCT
cblr-14251	951	9	,	,	PUNCT
cblr-14251	951	10	activist	activist	ADJ
cblr-14251	951	11	short	short	ADJ
cblr-14251	951	12	seller	seller	NOUN
cblr-14251	951	13	charged	charge	VERB
cblr-14251	951	14	for	for	ADP
cblr-14251	951	15	$	$	SYM
cblr-14251	951	16	16	16	NUM
cblr-14251	951	17	m	m	NOUN
cblr-14251	951	18	stock	stock	NOUN
cblr-14251	951	19	market	market	NOUN
cblr-14251	951	20	manipulation	manipulation	NOUN
cblr-14251	951	21	scheme	scheme	NOUN
cblr-14251	951	22	(	(	PUNCT
cblr-14251	951	23	july	july	PROPN
cblr-14251	951	24	26	26	NUM
cblr-14251	951	25	,	,	PUNCT
cblr-14251	951	26	2024	2024	NUM
cblr-14251	951	27	)	)	PUNCT
cblr-14251	951	28	,	,	PUNCT
cblr-14251	951	29	https://www.justice.gov/opa/pr/activist-short-seller-charged-16m-stockmarket-manipulation-scheme	https://www.justice.gov/opa/pr/activist-short-seller-charged-16m-stockmarket-manipulation-scheme	PROPN
cblr-14251	952	1	[	[	X
cblr-14251	952	2	https://perma.cc/urh7-uyhz	https://perma.cc/urh7-uyhz	PROPN
cblr-14251	952	3	]	]	PUNCT
cblr-14251	952	4	.	.	PUNCT
cblr-14251	953	1	231	231	NUM
cblr-14251	953	2	i	i	PRON
cblr-14251	953	3	d.	d.	PROPN
cblr-14251	953	4	the	the	DET
cblr-14251	953	5	sec	sec	PROPN
cblr-14251	953	6	also	also	ADV
cblr-14251	953	7	faulted	fault	VERB
cblr-14251	953	8	left	leave	VERB
cblr-14251	953	9	for	for	ADP
cblr-14251	953	10	changing	change	VERB
cblr-14251	953	11	the	the	DET
cblr-14251	953	12	price	price	NOUN
cblr-14251	953	13	targets	target	NOUN
cblr-14251	953	14	in	in	ADP
cblr-14251	953	15	his	his	PRON
cblr-14251	953	16	reports	report	NOUN
cblr-14251	953	17	:	:	PUNCT
cblr-14251	953	18	“	"	PUNCT
cblr-14251	953	19	left	leave	VERB
cblr-14251	953	20	’s	’s	PART
cblr-14251	953	21	actions	action	NOUN
cblr-14251	953	22	of	of	ADP
cblr-14251	953	23	internally	internally	ADV
cblr-14251	953	24	changing	change	VERB
cblr-14251	953	25	the	the	DET
cblr-14251	953	26	amounts	amount	NOUN
cblr-14251	953	27	of	of	ADP
cblr-14251	953	28	the	the	DET
cblr-14251	953	29	target	target	NOUN
cblr-14251	953	30	price	price	NOUN
cblr-14251	953	31	from	from	ADP
cblr-14251	953	32	$	$	SYM
cblr-14251	953	33	60	60	NUM
cblr-14251	953	34	to	to	PART
cblr-14251	953	35	$	$	SYM
cblr-14251	953	36	100	100	NUM
cblr-14251	953	37	,	,	PUNCT
cblr-14251	953	38	at	at	ADP
cblr-14251	953	39	a	a	DET
cblr-14251	953	40	time	time	NOUN
cblr-14251	953	41	when	when	SCONJ
cblr-14251	953	42	he	he	PRON
cblr-14251	953	43	was	be	AUX
cblr-14251	953	44	privately	privately	ADV
cblr-14251	953	45	discussing	discuss	VERB
cblr-14251	953	46	his	his	PRON
cblr-14251	953	47	hope	hope	NOUN
cblr-14251	953	48	to	to	PART
cblr-14251	953	49	move	move	VERB
cblr-14251	953	50	the	the	DET
cblr-14251	953	51	stock	stock	NOUN
cblr-14251	953	52	to	to	ADP
cblr-14251	953	53	$	$	SYM
cblr-14251	953	54	30	30	NUM
cblr-14251	953	55	,	,	PUNCT
cblr-14251	953	56	demonstrates	demonstrate	VERB
cblr-14251	953	57	that	that	SCONJ
cblr-14251	953	58	his	his	PRON
cblr-14251	953	59	selection	selection	NOUN
cblr-14251	953	60	of	of	ADP
cblr-14251	953	61	a	a	DET
cblr-14251	953	62	target	target	NOUN
cblr-14251	953	63	price	price	NOUN
cblr-14251	953	64	was	be	AUX
cblr-14251	953	65	not	not	PART
cblr-14251	953	66	tied	tie	VERB
cblr-14251	953	67	to	to	ADP
cblr-14251	953	68	any	any	DET
cblr-14251	953	69	specific	specific	ADJ
cblr-14251	953	70	analysis	analysis	NOUN
cblr-14251	953	71	but	but	CCONJ
cblr-14251	953	72	rather	rather	ADV
cblr-14251	953	73	was	be	AUX
cblr-14251	953	74	used	use	VERB
cblr-14251	953	75	to	to	PART
cblr-14251	953	76	manipulate	manipulate	VERB
cblr-14251	953	77	and	and	CCONJ
cblr-14251	953	78	influence	influence	VERB
cblr-14251	953	79	a	a	DET
cblr-14251	953	80	target	target	NOUN
cblr-14251	953	81	company	company	NOUN
cblr-14251	953	82	’s	’s	PART
cblr-14251	953	83	stock	stock	NOUN
cblr-14251	953	84	price	price	NOUN
cblr-14251	953	85	in	in	ADP
cblr-14251	953	86	a	a	DET
cblr-14251	953	87	way	way	NOUN
cblr-14251	953	88	that	that	PRON
cblr-14251	953	89	benefitted	benefit	VERB
cblr-14251	953	90	defendants	defendant	NOUN
cblr-14251	953	91	.	.	PUNCT
cblr-14251	953	92	”	"	PUNCT
cblr-14251	954	1	complaint	complaint	NOUN
cblr-14251	954	2	,	,	PUNCT
cblr-14251	954	3	sec	sec	PROPN
cblr-14251	954	4	v.	v.	PROPN
cblr-14251	954	5	left	leave	VERB
cblr-14251	954	6	,	,	PUNCT
cblr-14251	954	7	24	24	NUM
cblr-14251	954	8	-	-	PUNCT
cblr-14251	954	9	cv-06311	cv-06311	NOUN
cblr-14251	954	10	,	,	PUNCT
cblr-14251	954	11	at	at	ADP
cblr-14251	954	12	19	19	NUM
cblr-14251	954	13	(	(	PUNCT
cblr-14251	954	14	c.d	c.d	PROPN
cblr-14251	954	15	.	.	PROPN
cblr-14251	954	16	cal	cal	PROPN
cblr-14251	954	17	.	.	PUNCT
cblr-14251	955	1	july	july	PROPN
cblr-14251	955	2	27	27	NUM
cblr-14251	955	3	,	,	PUNCT
cblr-14251	955	4	2024	2024	NUM
cblr-14251	955	5	)	)	PUNCT
cblr-14251	955	6	.	.	PUNCT
cblr-14251	956	1	232	232	NUM
cblr-14251	956	2	complaint	complaint	NOUN
cblr-14251	956	3	,	,	PUNCT
cblr-14251	956	4	sec	sec	PROPN
cblr-14251	956	5	v.	v.	PROPN
cblr-14251	956	6	left	leave	VERB
cblr-14251	956	7	,	,	PUNCT
cblr-14251	956	8	24	24	NUM
cblr-14251	956	9	-	-	PUNCT
cblr-14251	956	10	cv-06311	cv-06311	NOUN
cblr-14251	956	11	,	,	PUNCT
cblr-14251	956	12	at	at	ADP
cblr-14251	956	13	20	20	NUM
cblr-14251	956	14	(	(	PUNCT
cblr-14251	956	15	c.d	c.d	PROPN
cblr-14251	956	16	.	.	PROPN
cblr-14251	956	17	cal	cal	PROPN
cblr-14251	956	18	.	.	PUNCT
cblr-14251	957	1	july	july	PROPN
cblr-14251	957	2	27	27	NUM
cblr-14251	957	3	,	,	PUNCT
cblr-14251	957	4	2024	2024	NUM
cblr-14251	957	5	)	)	PUNCT
cblr-14251	957	6	.	.	PUNCT
cblr-14251	958	1	233	233	NUM
cblr-14251	959	1	i	i	PRON
cblr-14251	959	2	d.	d.	PROPN
cblr-14251	959	3	at	at	ADP
cblr-14251	959	4	21	21	NUM
cblr-14251	959	5	.	.	PUNCT
cblr-14251	960	1	no	no	INTJ
cblr-14251	960	2	.	.	NOUN
cblr-14251	960	3	1	1	NUM
cblr-14251	960	4	]	]	PUNCT
cblr-14251	960	5	securities	security	NOUN
cblr-14251	960	6	fraud	fraud	NOUN
cblr-14251	960	7	and	and	CCONJ
cblr-14251	960	8	the	the	DET
cblr-14251	960	9	market	market	NOUN
cblr-14251	960	10	for	for	ADP
cblr-14251	960	11	individual	individual	ADJ
cblr-14251	960	12	stocks	stock	NOUN
cblr-14251	960	13	293	293	NUM
cblr-14251	960	14	short	short	ADJ
cblr-14251	960	15	the	the	DET
cblr-14251	960	16	stock	stock	NOUN
cblr-14251	960	17	right	right	ADV
cblr-14251	960	18	now	now	ADV
cblr-14251	960	19	as	as	SCONJ
cblr-14251	960	20	you	you	PRON
cblr-14251	960	21	were	be	AUX
cblr-14251	960	22	at	at	ADP
cblr-14251	960	23	the	the	DET
cblr-14251	960	24	beginning	beginning	NOUN
cblr-14251	960	25	of	of	ADP
cblr-14251	960	26	the	the	DET
cblr-14251	960	27	day	day	NOUN
cblr-14251	960	28	.	.	PUNCT
cblr-14251	961	1	”234	”234	PROPN
cblr-14251	961	2	left	left	PROPN
cblr-14251	961	3	said	say	VERB
cblr-14251	961	4	that	that	SCONJ
cblr-14251	961	5	he	he	PRON
cblr-14251	961	6	“	"	PUNCT
cblr-14251	961	7	took	take	VERB
cblr-14251	961	8	a	a	DET
cblr-14251	961	9	small	small	ADJ
cblr-14251	961	10	size	size	NOUN
cblr-14251	961	11	position	position	NOUN
cblr-14251	961	12	off	off	ADP
cblr-14251	961	13	today	today	NOUN
cblr-14251	961	14	but	but	CCONJ
cblr-14251	961	15	i	i	PRON
cblr-14251	961	16	am	be	AUX
cblr-14251	961	17	still	still	ADV
cblr-14251	961	18	extremely	extremely	ADV
cblr-14251	961	19	short	short	ADJ
cblr-14251	961	20	the	the	DET
cblr-14251	961	21	stock	stock	NOUN
cblr-14251	961	22	,	,	PUNCT
cblr-14251	961	23	”	"	PUNCT
cblr-14251	961	24	and	and	CCONJ
cblr-14251	961	25	repeated	repeat	VERB
cblr-14251	961	26	his	his	PRON
cblr-14251	961	27	stances	stance	NOUN
cblr-14251	961	28	that	that	SCONJ
cblr-14251	961	29	cron	cron	NOUN
cblr-14251	961	30	’s	’s	PART
cblr-14251	961	31	share	share	NOUN
cblr-14251	961	32	price	price	NOUN
cblr-14251	961	33	would	would	AUX
cblr-14251	961	34	fall	fall	VERB
cblr-14251	961	35	to	to	ADP
cblr-14251	961	36	$	$	SYM
cblr-14251	961	37	3.50.235	3.50.235	PROPN
cblr-14251	961	38	however	however	ADV
cblr-14251	961	39	,	,	PUNCT
cblr-14251	961	40	by	by	ADP
cblr-14251	961	41	this	this	DET
cblr-14251	961	42	time	time	NOUN
cblr-14251	961	43	,	,	PUNCT
cblr-14251	961	44	left	leave	VERB
cblr-14251	961	45	already	already	ADV
cblr-14251	961	46	exited	exit	VERB
cblr-14251	961	47	more	more	ADJ
cblr-14251	961	48	than	than	ADP
cblr-14251	961	49	75	75	NUM
cblr-14251	961	50	%	%	NOUN
cblr-14251	961	51	of	of	ADP
cblr-14251	961	52	his	his	PRON
cblr-14251	961	53	exposure	exposure	NOUN
cblr-14251	961	54	to	to	ADP
cblr-14251	961	55	cronos	crono	NOUN
cblr-14251	961	56	and	and	CCONJ
cblr-14251	961	57	sold	sell	VERB
cblr-14251	961	58	at	at	ADP
cblr-14251	961	59	prices	price	NOUN
cblr-14251	961	60	significantly	significantly	ADV
cblr-14251	961	61	higher	high	ADJ
cblr-14251	961	62	than	than	ADP
cblr-14251	961	63	$	$	SYM
cblr-14251	961	64	3.50.236	3.50.236	NUM
cblr-14251	961	65	the	the	DET
cblr-14251	961	66	sec	sec	PROPN
cblr-14251	961	67	and	and	CCONJ
cblr-14251	961	68	the	the	DET
cblr-14251	961	69	doj	doj	PROPN
cblr-14251	961	70	allege	allege	NOUN
cblr-14251	961	71	that	that	SCONJ
cblr-14251	961	72	this	this	PRON
cblr-14251	961	73	was	be	AUX
cblr-14251	961	74	materially	materially	ADV
cblr-14251	961	75	misleading	misleading	ADJ
cblr-14251	961	76	to	to	ADP
cblr-14251	961	77	investors.237	investors.237	NOUN
cblr-14251	961	78	the	the	DET
cblr-14251	961	79	inquiry	inquiry	NOUN
cblr-14251	961	80	is	be	AUX
cblr-14251	961	81	not	not	PART
cblr-14251	961	82	so	so	ADV
cblr-14251	961	83	simple	simple	ADJ
cblr-14251	961	84	.	.	PUNCT
cblr-14251	962	1	left	leave	VERB
cblr-14251	962	2	’s	’s	PART
cblr-14251	962	3	identity	identity	NOUN
cblr-14251	962	4	and	and	CCONJ
cblr-14251	962	5	social	social	ADJ
cblr-14251	962	6	media	medium	NOUN
cblr-14251	962	7	presence	presence	NOUN
cblr-14251	962	8	position	position	VERB
cblr-14251	962	9	him	he	PRON
cblr-14251	962	10	well	well	ADV
cblr-14251	962	11	to	to	PART
cblr-14251	962	12	leverage	leverage	VERB
cblr-14251	962	13	demand	demand	NOUN
cblr-14251	962	14	-	-	PUNCT
cblr-14251	962	15	driven	drive	VERB
cblr-14251	962	16	factors	factor	NOUN
cblr-14251	962	17	among	among	ADP
cblr-14251	962	18	his	his	PRON
cblr-14251	962	19	followers	follower	NOUN
cblr-14251	962	20	—	—	PUNCT
cblr-14251	962	21	especially	especially	ADV
cblr-14251	962	22	among	among	ADP
cblr-14251	962	23	retail	retail	ADJ
cblr-14251	962	24	investors	investor	NOUN
cblr-14251	962	25	.	.	PUNCT
cblr-14251	963	1	left	leave	VERB
cblr-14251	963	2	evidently	evidently	ADV
cblr-14251	963	3	made	made	AUX
cblr-14251	963	4	statements	statement	NOUN
cblr-14251	963	5	claiming	claim	VERB
cblr-14251	963	6	that	that	SCONJ
cblr-14251	963	7	he	he	PRON
cblr-14251	963	8	“	"	PUNCT
cblr-14251	963	9	could	could	AUX
cblr-14251	963	10	write	write	VERB
cblr-14251	963	11	a	a	DET
cblr-14251	963	12	tweet	tweet	NOUN
cblr-14251	963	13	about	about	ADP
cblr-14251	963	14	a	a	DET
cblr-14251	963	15	part	part	NOUN
cblr-14251	963	16	2	2	NUM
cblr-14251	963	17	and	and	CCONJ
cblr-14251	963	18	get	get	VERB
cblr-14251	963	19	another	another	DET
cblr-14251	963	20	$	$	SYM
cblr-14251	963	21	1	1	NUM
cblr-14251	963	22	,	,	PUNCT
cblr-14251	963	23	”	"	PUNCT
cblr-14251	963	24	and	and	CCONJ
cblr-14251	963	25	wondered	wonder	VERB
cblr-14251	963	26	“	"	PUNCT
cblr-14251	963	27	[	[	X
cblr-14251	963	28	w]hat	w]hat	PRON
cblr-14251	963	29	can	can	AUX
cblr-14251	963	30	i	i	PRON
cblr-14251	963	31	put	put	VERB
cblr-14251	963	32	in	in	ADP
cblr-14251	963	33	a	a	DET
cblr-14251	963	34	tweet	tweet	NOUN
cblr-14251	963	35	to	to	PART
cblr-14251	963	36	juice	juice	VERB
cblr-14251	963	37	”	"	PUNCT
cblr-14251	963	38	a	a	DET
cblr-14251	963	39	stock	stock	NOUN
cblr-14251	963	40	’s	’s	PART
cblr-14251	963	41	price	price	NOUN
cblr-14251	963	42	up.238	up.238	PRON
cblr-14251	963	43	left	leave	VERB
cblr-14251	963	44	’s	’s	PART
cblr-14251	963	45	identity	identity	NOUN
cblr-14251	963	46	presumably	presumably	ADV
cblr-14251	963	47	does	do	AUX
cblr-14251	963	48	matter	matter	NOUN
cblr-14251	963	49	—	—	PUNCT
cblr-14251	963	50	and	and	CCONJ
cblr-14251	963	51	what	what	PRON
cblr-14251	963	52	left	leave	VERB
cblr-14251	963	53	actually	actually	ADV
cblr-14251	963	54	does	do	AUX
cblr-14251	963	55	in	in	ADP
cblr-14251	963	56	his	his	PRON
cblr-14251	963	57	trades	trade	NOUN
cblr-14251	963	58	may	may	AUX
cblr-14251	963	59	matter	matter	VERB
cblr-14251	963	60	more	more	ADJ
cblr-14251	963	61	than	than	ADP
cblr-14251	963	62	the	the	DET
cblr-14251	963	63	contents	content	NOUN
cblr-14251	963	64	of	of	ADP
cblr-14251	963	65	his	his	PRON
cblr-14251	963	66	research	research	NOUN
cblr-14251	963	67	report	report	NOUN
cblr-14251	963	68	—	—	PUNCT
cblr-14251	963	69	even	even	ADV
cblr-14251	963	70	if	if	SCONJ
cblr-14251	963	71	the	the	DET
cblr-14251	963	72	reasonable	reasonable	ADJ
cblr-14251	963	73	(	(	PUNCT
cblr-14251	963	74	rational	rational	ADJ
cblr-14251	963	75	)	)	PUNCT
cblr-14251	963	76	investor	investor	NOUN
cblr-14251	963	77	figure	figure	NOUN
cblr-14251	963	78	in	in	ADP
cblr-14251	963	79	securities	security	NOUN
cblr-14251	963	80	laws	law	NOUN
cblr-14251	963	81	would	would	AUX
cblr-14251	963	82	presumably	presumably	ADV
cblr-14251	963	83	care	care	VERB
cblr-14251	963	84	more	more	ADJ
cblr-14251	963	85	about	about	ADP
cblr-14251	963	86	the	the	DET
cblr-14251	963	87	contents	content	NOUN
cblr-14251	963	88	of	of	ADP
cblr-14251	963	89	left	leave	VERB
cblr-14251	963	90	’s	’s	PART
cblr-14251	963	91	report	report	NOUN
cblr-14251	963	92	than	than	SCONJ
cblr-14251	963	93	they	they	PRON
cblr-14251	963	94	would	would	AUX
cblr-14251	963	95	about	about	ADV
cblr-14251	963	96	left	left	VERB
cblr-14251	963	97	’s	’s	PART
cblr-14251	963	98	trading	trading	NOUN
cblr-14251	963	99	positions.239	positions.239	PROPN
cblr-14251	963	100	ryan	ryan	PROPN
cblr-14251	963	101	cohen	cohen	PROPN
cblr-14251	963	102	and	and	CCONJ
cblr-14251	963	103	his	his	PRON
cblr-14251	963	104	moon	moon	NOUN
cblr-14251	963	105	emoji	emoji	PROPN
cblr-14251	963	106	tweet	tweet	NOUN
cblr-14251	963	107	can	can	AUX
cblr-14251	963	108	be	be	AUX
cblr-14251	963	109	similarly	similarly	ADV
cblr-14251	963	110	analyzed	analyze	VERB
cblr-14251	963	111	.	.	PUNCT
cblr-14251	964	1	the	the	DET
cblr-14251	964	2	emoji	emoji	PROPN
cblr-14251	964	3	is	be	AUX
cblr-14251	964	4	,	,	PUNCT
cblr-14251	964	5	by	by	ADP
cblr-14251	964	6	itself	itself	PRON
cblr-14251	964	7	,	,	PUNCT
cblr-14251	964	8	seemingly	seemingly	ADV
cblr-14251	964	9	non	non	ADJ
cblr-14251	964	10	-	-	ADJ
cblr-14251	964	11	factual	factual	ADJ
cblr-14251	964	12	(	(	PUNCT
cblr-14251	964	13	and	and	CCONJ
cblr-14251	964	14	therefore	therefore	ADV
cblr-14251	964	15	non	non	ADJ
cblr-14251	964	16	-	-	ADJ
cblr-14251	964	17	falsifiable	falsifiable	ADJ
cblr-14251	964	18	)	)	PUNCT
cblr-14251	964	19	,	,	PUNCT
cblr-14251	964	20	and	and	CCONJ
cblr-14251	964	21	non	non	ADJ
cblr-14251	964	22	-	-	ADJ
cblr-14251	964	23	informative	informative	ADJ
cblr-14251	964	24	.	.	PUNCT
cblr-14251	965	1	but	but	CCONJ
cblr-14251	965	2	it	it	PRON
cblr-14251	965	3	nevertheless	nevertheless	ADV
cblr-14251	965	4	tapped	tap	VERB
cblr-14251	965	5	into	into	ADP
cblr-14251	965	6	strong	strong	ADJ
cblr-14251	965	7	demand	demand	NOUN
cblr-14251	965	8	factors	factor	NOUN
cblr-14251	965	9	among	among	ADP
cblr-14251	965	10	retail	retail	ADJ
cblr-14251	965	11	investors	investor	NOUN
cblr-14251	965	12	—	—	PUNCT
cblr-14251	965	13	cohen	cohen	PROPN
cblr-14251	965	14	’s	’s	PART
cblr-14251	965	15	“	"	PUNCT
cblr-14251	965	16	meme	meme	NOUN
cblr-14251	965	17	stock	stock	NOUN
cblr-14251	965	18	king	king	NOUN
cblr-14251	965	19	”	"	PUNCT
cblr-14251	965	20	identity	identity	NOUN
cblr-14251	965	21	and	and	CCONJ
cblr-14251	965	22	the	the	DET
cblr-14251	965	23	cultural	cultural	ADJ
cblr-14251	965	24	relevance	relevance	NOUN
cblr-14251	965	25	of	of	ADP
cblr-14251	965	26	bed	bed	NOUN
cblr-14251	965	27	bath	bath	NOUN
cblr-14251	965	28	&	&	CCONJ
cblr-14251	965	29	beyond	beyond	ADV
cblr-14251	965	30	,	,	PUNCT
cblr-14251	965	31	for	for	ADP
cblr-14251	965	32	example.240	example.240	PROPN
cblr-14251	965	33	234	234	NUM
cblr-14251	966	1	i	i	PROPN
cblr-14251	966	2	d.	d.	PROPN
cblr-14251	966	3	235	235	NUM
cblr-14251	967	1	i	i	PRON
cblr-14251	967	2	d.	d.	PROPN
cblr-14251	967	3	236	236	NUM
cblr-14251	967	4	i	i	PROPN
cblr-14251	967	5	d.	d.	PROPN
cblr-14251	967	6	237	237	NUM
cblr-14251	967	7	left	leave	VERB
cblr-14251	967	8	’s	’s	PART
cblr-14251	967	9	actions	action	NOUN
cblr-14251	967	10	might	might	AUX
cblr-14251	967	11	be	be	AUX
cblr-14251	967	12	interpreted	interpret	VERB
cblr-14251	967	13	as	as	ADP
cblr-14251	967	14	innocuous	innocuous	ADJ
cblr-14251	967	15	,	,	PUNCT
cblr-14251	967	16	such	such	ADJ
cblr-14251	967	17	that	that	SCONJ
cblr-14251	967	18	he	he	PRON
cblr-14251	967	19	believed	believe	VERB
cblr-14251	967	20	his	his	PRON
cblr-14251	967	21	recommendations	recommendation	NOUN
cblr-14251	967	22	and	and	CCONJ
cblr-14251	967	23	was	be	AUX
cblr-14251	967	24	merely	merely	ADV
cblr-14251	967	25	covering	cover	VERB
cblr-14251	967	26	his	his	PRON
cblr-14251	967	27	shorts	short	NOUN
cblr-14251	967	28	earlier	early	ADV
cblr-14251	967	29	as	as	ADP
cblr-14251	967	30	a	a	DET
cblr-14251	967	31	risk	risk	NOUN
cblr-14251	967	32	-	-	PUNCT
cblr-14251	967	33	averse	averse	ADJ
cblr-14251	967	34	trading	trading	NOUN
cblr-14251	967	35	strategy	strategy	NOUN
cblr-14251	967	36	.	.	PUNCT
cblr-14251	968	1	see	see	VERB
cblr-14251	968	2	matt	matt	PROPN
cblr-14251	968	3	levine	levine	PROPN
cblr-14251	968	4	,	,	PUNCT
cblr-14251	968	5	andrew	andrew	PROPN
cblr-14251	968	6	left	leave	VERB
cblr-14251	968	7	was	be	AUX
cblr-14251	968	8	n’t	not	PART
cblr-14251	968	9	short	short	ADJ
cblr-14251	968	10	for	for	ADP
cblr-14251	968	11	long	long	ADJ
cblr-14251	968	12	,	,	PUNCT
cblr-14251	968	13	bloomberg	bloomberg	PROPN
cblr-14251	968	14	(	(	PUNCT
cblr-14251	968	15	july	july	PROPN
cblr-14251	968	16	26	26	NUM
cblr-14251	968	17	,	,	PUNCT
cblr-14251	968	18	2024	2024	NUM
cblr-14251	968	19	)	)	PUNCT
cblr-14251	968	20	,	,	PUNCT
cblr-14251	968	21	https://www.bloomberg.com/opinion/articles/2024-07-26/andrew-left-wasn-tshort-for-long	https://www.bloomberg.com/opinion/articles/2024-07-26/andrew-left-wasn-tshort-for-long	PROPN
cblr-14251	969	1	[	[	X
cblr-14251	969	2	https://perma.cc/tk3y-zzfx	https://perma.cc/tk3y-zzfx	X
cblr-14251	969	3	]	]	X
cblr-14251	969	4	.	.	PUNCT
cblr-14251	970	1	238	238	NUM
cblr-14251	970	2	complaint	complaint	NOUN
cblr-14251	970	3	,	,	PUNCT
cblr-14251	970	4	sec	sec	PROPN
cblr-14251	970	5	v.	v.	PROPN
cblr-14251	970	6	left	leave	VERB
cblr-14251	970	7	,	,	PUNCT
cblr-14251	970	8	at	at	ADP
cblr-14251	970	9	18	18	NUM
cblr-14251	970	10	,	,	PUNCT
cblr-14251	970	11	21	21	NUM
cblr-14251	970	12	(	(	PUNCT
cblr-14251	970	13	c.d	c.d	PROPN
cblr-14251	970	14	.	.	PROPN
cblr-14251	970	15	cal	cal	PROPN
cblr-14251	970	16	.	.	PUNCT
cblr-14251	971	1	july	july	PROPN
cblr-14251	971	2	27	27	NUM
cblr-14251	971	3	,	,	PUNCT
cblr-14251	971	4	2024	2024	NUM
cblr-14251	971	5	)	)	PUNCT
cblr-14251	971	6	.	.	PUNCT
cblr-14251	972	1	239	239	NUM
cblr-14251	972	2	see	see	VERB
cblr-14251	972	3	levine	levine	PROPN
cblr-14251	972	4	,	,	PUNCT
cblr-14251	972	5	supra	supra	PROPN
cblr-14251	972	6	note	note	PROPN
cblr-14251	972	7	237	237	NUM
cblr-14251	972	8	(	(	PUNCT
cblr-14251	972	9	posing	pose	VERB
cblr-14251	972	10	the	the	DET
cblr-14251	972	11	question	question	NOUN
cblr-14251	972	12	:	:	PUNCT
cblr-14251	972	13	“	"	PUNCT
cblr-14251	972	14	i	i	PRON
cblr-14251	972	15	am	be	AUX
cblr-14251	972	16	not	not	PART
cblr-14251	972	17	sure	sure	ADJ
cblr-14251	972	18	how	how	SCONJ
cblr-14251	972	19	material	material	NOUN
cblr-14251	972	20	this	this	PRON
cblr-14251	972	21	was	be	AUX
cblr-14251	972	22	to	to	ADP
cblr-14251	972	23	investors	investor	NOUN
cblr-14251	972	24	—	—	PUNCT
cblr-14251	972	25	surely	surely	ADV
cblr-14251	972	26	the	the	DET
cblr-14251	972	27	contents	content	NOUN
cblr-14251	972	28	of	of	ADP
cblr-14251	972	29	the	the	DET
cblr-14251	972	30	report	report	NOUN
cblr-14251	972	31	should	should	AUX
cblr-14251	972	32	matter	matter	VERB
cblr-14251	972	33	more	more	ADJ
cblr-14251	972	34	than	than	ADP
cblr-14251	972	35	his	his	PRON
cblr-14251	972	36	trading	trading	NOUN
cblr-14251	972	37	positions	position	NOUN
cblr-14251	972	38	?	?	PUNCT
cblr-14251	972	39	”	"	PUNCT
cblr-14251	972	40	)	)	PUNCT
cblr-14251	972	41	.	.	PUNCT
cblr-14251	973	1	240	240	NUM
cblr-14251	973	2	see	see	VERB
cblr-14251	973	3	gottfried	gottfried	PROPN
cblr-14251	973	4	&	&	CCONJ
cblr-14251	973	5	mccabe	mccabe	PROPN
cblr-14251	973	6	,	,	PUNCT
cblr-14251	973	7	supra	supra	PROPN
cblr-14251	973	8	note	note	NOUN
cblr-14251	973	9	52	52	NUM
cblr-14251	973	10	.	.	PUNCT
cblr-14251	974	1	294	294	NUM
cblr-14251	974	2	columbia	columbia	PROPN
cblr-14251	974	3	business	business	NOUN
cblr-14251	974	4	law	law	PROPN
cblr-14251	974	5	review	review	NOUN
cblr-14251	974	6	[	[	X
cblr-14251	974	7	vol	vol	NOUN
cblr-14251	974	8	.	.	PUNCT
cblr-14251	974	9	2025	2025	NUM
cblr-14251	974	10	resulting	result	VERB
cblr-14251	974	11	harms	harm	NOUN
cblr-14251	974	12	can	can	AUX
cblr-14251	974	13	be	be	AUX
cblr-14251	974	14	significant	significant	ADJ
cblr-14251	974	15	.	.	PUNCT
cblr-14251	975	1	in	in	ADP
cblr-14251	975	2	the	the	DET
cblr-14251	975	3	moon	moon	PROPN
cblr-14251	975	4	emoji	emoji	PROPN
cblr-14251	975	5	example	example	NOUN
cblr-14251	975	6	,	,	PUNCT
cblr-14251	975	7	once	once	ADV
cblr-14251	975	8	ryan	ryan	PROPN
cblr-14251	975	9	cohen	cohen	PROPN
cblr-14251	975	10	disclosed	disclose	VERB
cblr-14251	975	11	his	his	PRON
cblr-14251	975	12	sale	sale	NOUN
cblr-14251	975	13	of	of	ADP
cblr-14251	975	14	bed	bed	NOUN
cblr-14251	975	15	bath	bath	NOUN
cblr-14251	975	16	and	and	CCONJ
cblr-14251	975	17	beyond	beyond	ADP
cblr-14251	975	18	shares	share	NOUN
cblr-14251	975	19	,	,	PUNCT
cblr-14251	975	20	the	the	DET
cblr-14251	975	21	share	share	NOUN
cblr-14251	975	22	price	price	NOUN
cblr-14251	975	23	nosedived	nosedive	VERB
cblr-14251	975	24	,	,	PUNCT
cblr-14251	975	25	leading	lead	VERB
cblr-14251	975	26	to	to	ADP
cblr-14251	975	27	hundreds	hundred	NOUN
cblr-14251	975	28	of	of	ADP
cblr-14251	975	29	millions	million	NOUN
cblr-14251	975	30	of	of	ADP
cblr-14251	975	31	dollars	dollar	NOUN
cblr-14251	975	32	in	in	ADP
cblr-14251	975	33	losses	loss	NOUN
cblr-14251	975	34	for	for	ADP
cblr-14251	975	35	retail	retail	ADJ
cblr-14251	975	36	investors	investor	NOUN
cblr-14251	975	37	who	who	PRON
cblr-14251	975	38	had	have	AUX
cblr-14251	975	39	purchased	purchase	VERB
cblr-14251	975	40	bed	bed	NOUN
cblr-14251	975	41	bath	bath	NOUN
cblr-14251	975	42	and	and	CCONJ
cblr-14251	975	43	beyond	beyond	ADP
cblr-14251	975	44	shares.241	shares.241	NOUN
cblr-14251	975	45	in	in	ADP
cblr-14251	975	46	such	such	ADJ
cblr-14251	975	47	situations	situation	NOUN
cblr-14251	975	48	,	,	PUNCT
cblr-14251	975	49	because	because	SCONJ
cblr-14251	975	50	demand	demand	NOUN
cblr-14251	975	51	-	-	PUNCT
cblr-14251	975	52	driven	drive	VERB
cblr-14251	975	53	traders	trader	NOUN
cblr-14251	975	54	often	often	ADV
cblr-14251	975	55	buy	buy	VERB
cblr-14251	975	56	or	or	CCONJ
cblr-14251	975	57	sell	sell	VERB
cblr-14251	975	58	in	in	ADP
cblr-14251	975	59	a	a	DET
cblr-14251	975	60	single	single	ADJ
cblr-14251	975	61	direction	direction	NOUN
cblr-14251	975	62	,	,	PUNCT
cblr-14251	975	63	their	their	PRON
cblr-14251	975	64	losses	loss	NOUN
cblr-14251	975	65	can	can	AUX
cblr-14251	975	66	be	be	AUX
cblr-14251	975	67	dramatically	dramatically	ADV
cblr-14251	975	68	amplified	amplify	VERB
cblr-14251	975	69	.	.	PUNCT
cblr-14251	976	1	diversification	diversification	NOUN
cblr-14251	976	2	provides	provide	VERB
cblr-14251	976	3	only	only	ADV
cblr-14251	976	4	limited	limited	ADJ
cblr-14251	976	5	protection	protection	NOUN
cblr-14251	976	6	against	against	ADP
cblr-14251	976	7	such	such	ADJ
cblr-14251	976	8	losses	loss	NOUN
cblr-14251	976	9	.	.	PUNCT
cblr-14251	977	1	indeed	indeed	ADV
cblr-14251	977	2	,	,	PUNCT
cblr-14251	977	3	as	as	SCONJ
cblr-14251	977	4	professor	professor	PROPN
cblr-14251	977	5	alicia	alicia	PROPN
cblr-14251	977	6	davis	davis	PROPN
cblr-14251	977	7	has	have	AUX
cblr-14251	977	8	demonstrated	demonstrate	VERB
cblr-14251	977	9	,	,	PUNCT
cblr-14251	977	10	while	while	SCONJ
cblr-14251	977	11	all	all	DET
cblr-14251	977	12	traders	trader	NOUN
cblr-14251	977	13	in	in	ADP
cblr-14251	977	14	the	the	DET
cblr-14251	977	15	secondary	secondary	ADJ
cblr-14251	977	16	markets	market	NOUN
cblr-14251	977	17	will	will	AUX
cblr-14251	977	18	in	in	ADP
cblr-14251	977	19	aggregate	aggregate	NOUN
cblr-14251	977	20	have	have	VERB
cblr-14251	977	21	an	an	DET
cblr-14251	977	22	expected	expect	VERB
cblr-14251	977	23	net	net	ADJ
cblr-14251	977	24	gain	gain	NOUN
cblr-14251	977	25	(	(	PUNCT
cblr-14251	977	26	or	or	CCONJ
cblr-14251	977	27	loss	loss	NOUN
cblr-14251	977	28	)	)	PUNCT
cblr-14251	977	29	of	of	ADP
cblr-14251	977	30	zero	zero	NUM
cblr-14251	977	31	dollars	dollar	NOUN
cblr-14251	977	32	due	due	ADP
cblr-14251	977	33	to	to	ADP
cblr-14251	977	34	fraud	fraud	NOUN
cblr-14251	977	35	,	,	PUNCT
cblr-14251	977	36	specific	specific	ADJ
cblr-14251	977	37	types	type	NOUN
cblr-14251	977	38	of	of	ADP
cblr-14251	977	39	traders	trader	NOUN
cblr-14251	977	40	and	and	CCONJ
cblr-14251	977	41	individual	individual	ADJ
cblr-14251	977	42	traders	trader	NOUN
cblr-14251	977	43	(	(	PUNCT
cblr-14251	977	44	even	even	ADV
cblr-14251	977	45	those	those	PRON
cblr-14251	977	46	who	who	PRON
cblr-14251	977	47	are	be	AUX
cblr-14251	977	48	diversified	diversified	ADJ
cblr-14251	977	49	)	)	PUNCT
cblr-14251	977	50	can	can	AUX
cblr-14251	977	51	suffer	suffer	VERB
cblr-14251	977	52	significant	significant	ADJ
cblr-14251	977	53	losses	loss	NOUN
cblr-14251	977	54	or	or	CCONJ
cblr-14251	977	55	reap	reap	VERB
cblr-14251	977	56	significant	significant	ADJ
cblr-14251	977	57	gains	gain	NOUN
cblr-14251	977	58	as	as	ADP
cblr-14251	977	59	a	a	DET
cblr-14251	977	60	result	result	NOUN
cblr-14251	977	61	of	of	ADP
cblr-14251	977	62	fraud.242	fraud.242	PROPN
cblr-14251	977	63	among	among	ADP
cblr-14251	977	64	other	other	ADJ
cblr-14251	977	65	reasons	reason	NOUN
cblr-14251	977	66	,	,	PUNCT
cblr-14251	977	67	this	this	PRON
cblr-14251	977	68	is	be	AUX
cblr-14251	977	69	because	because	SCONJ
cblr-14251	977	70	of	of	ADP
cblr-14251	977	71	a	a	DET
cblr-14251	977	72	wide	wide	ADJ
cblr-14251	977	73	variation	variation	NOUN
cblr-14251	977	74	in	in	ADP
cblr-14251	977	75	the	the	DET
cblr-14251	977	76	amount	amount	NOUN
cblr-14251	977	77	of	of	ADP
cblr-14251	977	78	fraudrelated	fraudrelated	ADJ
cblr-14251	977	79	losses	loss	NOUN
cblr-14251	977	80	and	and	CCONJ
cblr-14251	977	81	gains	gain	NOUN
cblr-14251	977	82	,	,	PUNCT
cblr-14251	977	83	such	such	ADJ
cblr-14251	977	84	that	that	SCONJ
cblr-14251	977	85	investors	investor	NOUN
cblr-14251	977	86	can	can	AUX
cblr-14251	977	87	suffer	suffer	VERB
cblr-14251	977	88	large	large	ADJ
cblr-14251	977	89	losses	loss	NOUN
cblr-14251	977	90	(	(	PUNCT
cblr-14251	977	91	or	or	CCONJ
cblr-14251	977	92	enjoy	enjoy	VERB
cblr-14251	977	93	large	large	ADJ
cblr-14251	977	94	gains	gain	NOUN
cblr-14251	977	95	)	)	PUNCT
cblr-14251	977	96	overall	overall	ADV
cblr-14251	977	97	even	even	ADV
cblr-14251	977	98	though	though	SCONJ
cblr-14251	977	99	the	the	DET
cblr-14251	977	100	proportion	proportion	NOUN
cblr-14251	977	101	of	of	ADP
cblr-14251	977	102	their	their	PRON
cblr-14251	977	103	losses	loss	NOUN
cblr-14251	977	104	and	and	CCONJ
cblr-14251	977	105	wins	win	VERB
cblr-14251	977	106	approaches	approach	VERB
cblr-14251	977	107	50	50	NUM
cblr-14251	977	108	percent	percent	NOUN
cblr-14251	977	109	with	with	ADP
cblr-14251	977	110	more	more	ADJ
cblr-14251	977	111	trades.243	trades.243	NOUN
cblr-14251	977	112	these	these	DET
cblr-14251	977	113	variations	variation	NOUN
cblr-14251	977	114	are	be	AUX
cblr-14251	977	115	likely	likely	ADJ
cblr-14251	977	116	to	to	PART
cblr-14251	977	117	be	be	AUX
cblr-14251	977	118	just	just	ADV
cblr-14251	977	119	as	as	ADP
cblr-14251	977	120	or	or	CCONJ
cblr-14251	977	121	even	even	ADV
cblr-14251	977	122	more	more	ADV
cblr-14251	977	123	dramatic	dramatic	ADJ
cblr-14251	977	124	in	in	ADP
cblr-14251	977	125	the	the	DET
cblr-14251	977	126	case	case	NOUN
cblr-14251	977	127	of	of	ADP
cblr-14251	977	128	demand	demand	NOUN
cblr-14251	977	129	-	-	PUNCT
cblr-14251	977	130	driven	drive	VERB
cblr-14251	977	131	retail	retail	ADJ
cblr-14251	977	132	investing	investing	NOUN
cblr-14251	977	133	,	,	PUNCT
cblr-14251	977	134	where	where	SCONJ
cblr-14251	977	135	investors	investor	NOUN
cblr-14251	977	136	tend	tend	VERB
cblr-14251	977	137	to	to	PART
cblr-14251	977	138	buy	buy	VERB
cblr-14251	977	139	or	or	CCONJ
cblr-14251	977	140	sell	sell	VERB
cblr-14251	977	141	unidirectionally	unidirectionally	ADV
cblr-14251	977	142	in	in	ADP
cblr-14251	977	143	response	response	NOUN
cblr-14251	977	144	to	to	ADP
cblr-14251	977	145	a	a	DET
cblr-14251	977	146	wrongdoer	wrongdoer	NOUN
cblr-14251	977	147	’s	’s	PART
cblr-14251	977	148	communication	communication	NOUN
cblr-14251	977	149	—	—	PUNCT
cblr-14251	977	150	resulting	result	VERB
cblr-14251	977	151	in	in	ADP
cblr-14251	977	152	large	large	ADJ
cblr-14251	977	153	,	,	PUNCT
cblr-14251	977	154	undiversified	undiversified	ADJ
cblr-14251	977	155	losses	loss	NOUN
cblr-14251	977	156	.	.	PUNCT
cblr-14251	978	1	241	241	NUM
cblr-14251	978	2	see	see	VERB
cblr-14251	978	3	bailey	bailey	NOUN
cblr-14251	978	4	lipschultz	lipschultz	PROPN
cblr-14251	978	5	and	and	CCONJ
cblr-14251	978	6	divya	divya	PROPN
cblr-14251	978	7	balji	balji	PROPN
cblr-14251	978	8	,	,	PUNCT
cblr-14251	978	9	ryan	ryan	PROPN
cblr-14251	978	10	cohen	cohen	PROPN
cblr-14251	978	11	’s	’s	PART
cblr-14251	978	12	fans	fan	NOUN
cblr-14251	978	13	lose	lose	VERB
cblr-14251	978	14	millions	million	NOUN
cblr-14251	978	15	as	as	ADP
cblr-14251	978	16	bed	bed	NOUN
cblr-14251	978	17	bath	bath	NOUN
cblr-14251	978	18	and	and	CCONJ
cblr-14251	978	19	beyond	beyond	ADP
cblr-14251	978	20	bubble	bubble	NOUN
cblr-14251	978	21	pops	pop	NOUN
cblr-14251	978	22	,	,	PUNCT
cblr-14251	978	23	bloomberg	bloomberg	PROPN
cblr-14251	978	24	(	(	PUNCT
cblr-14251	978	25	aug	aug	PROPN
cblr-14251	978	26	.	.	PROPN
cblr-14251	978	27	19	19	NUM
cblr-14251	978	28	,	,	PUNCT
cblr-14251	978	29	2022	2022	NUM
cblr-14251	978	30	)	)	PUNCT
cblr-14251	978	31	,	,	PUNCT
cblr-14251	978	32	https://www.bloomberg.com/news/articles/2022-08-19/ryan-cohen-s-fans-losemillions-as-bed-bath-beyond-bubble-pops	https://www.bloomberg.com/news/articles/2022-08-19/ryan-cohen-s-fans-losemillions-as-bed-bath-beyond-bubble-pop	VERB
cblr-14251	978	33	(	(	PUNCT
cblr-14251	978	34	“	"	PUNCT
cblr-14251	978	35	individual	individual	ADJ
cblr-14251	978	36	investors	investor	NOUN
cblr-14251	978	37	who	who	PRON
cblr-14251	978	38	flocked	flock	VERB
cblr-14251	978	39	into	into	ADP
cblr-14251	978	40	bed	bed	NOUN
cblr-14251	978	41	bath	bath	NOUN
cblr-14251	978	42	&	&	CCONJ
cblr-14251	978	43	beyond	beyond	ADP
cblr-14251	978	44	inc	inc	PROPN
cblr-14251	978	45	.	.	PROPN
cblr-14251	978	46	over	over	ADP
cblr-14251	978	47	the	the	DET
cblr-14251	978	48	past	past	ADJ
cblr-14251	978	49	week	week	NOUN
cblr-14251	978	50	,	,	PUNCT
cblr-14251	978	51	trying	try	VERB
cblr-14251	978	52	to	to	PART
cblr-14251	978	53	squeeze	squeeze	VERB
cblr-14251	978	54	short	short	ADJ
cblr-14251	978	55	sellers	seller	NOUN
cblr-14251	978	56	and	and	CCONJ
cblr-14251	978	57	make	make	VERB
cblr-14251	978	58	a	a	DET
cblr-14251	978	59	killing	killing	NOUN
cblr-14251	978	60	backed	back	VERB
cblr-14251	978	61	in	in	ADP
cblr-14251	978	62	part	part	NOUN
cblr-14251	978	63	by	by	ADP
cblr-14251	978	64	the	the	DET
cblr-14251	978	65	belief	belief	NOUN
cblr-14251	978	66	a	a	DET
cblr-14251	978	67	ryan	ryan	PROPN
cblr-14251	978	68	cohen	cohen	PROPN
cblr-14251	978	69	-	-	PUNCT
cblr-14251	978	70	led	lead	VERB
cblr-14251	978	71	shakeup	shakeup	NOUN
cblr-14251	978	72	was	be	AUX
cblr-14251	978	73	well	well	ADV
cblr-14251	978	74	underway	underway	ADJ
cblr-14251	978	75	,	,	PUNCT
cblr-14251	978	76	are	be	AUX
cblr-14251	978	77	now	now	ADV
cblr-14251	978	78	sitting	sit	VERB
cblr-14251	978	79	on	on	ADP
cblr-14251	978	80	$	$	SYM
cblr-14251	978	81	205	205	NUM
cblr-14251	978	82	million	million	NUM
cblr-14251	978	83	in	in	ADP
cblr-14251	978	84	losses	loss	NOUN
cblr-14251	978	85	-at	-at	VERB
cblr-14251	978	86	the	the	DET
cblr-14251	978	87	very	very	ADV
cblr-14251	978	88	least	least	ADJ
cblr-14251	978	89	.	.	PUNCT
cblr-14251	978	90	”	"	PUNCT
cblr-14251	978	91	)	)	PUNCT
cblr-14251	978	92	.	.	PUNCT
cblr-14251	979	1	242	242	NUM
cblr-14251	979	2	alicia	alicia	PROPN
cblr-14251	979	3	j.	j.	PROPN
cblr-14251	979	4	davis	davis	PROPN
cblr-14251	979	5	,	,	PUNCT
cblr-14251	979	6	are	be	AUX
cblr-14251	979	7	investors	investor	NOUN
cblr-14251	979	8	’	'	PUNCT
cblr-14251	979	9	gains	gain	NOUN
cblr-14251	979	10	and	and	CCONJ
cblr-14251	979	11	losses	loss	NOUN
cblr-14251	979	12	from	from	ADP
cblr-14251	979	13	securities	security	NOUN
cblr-14251	979	14	fraud	fraud	NOUN
cblr-14251	979	15	equal	equal	ADJ
cblr-14251	979	16	over	over	ADP
cblr-14251	979	17	time	time	NOUN
cblr-14251	979	18	?	?	PUNCT
cblr-14251	980	1	theory	theory	NOUN
cblr-14251	980	2	and	and	CCONJ
cblr-14251	980	3	evidence	evidence	NOUN
cblr-14251	980	4	(	(	PUNCT
cblr-14251	980	5	2015	2015	NUM
cblr-14251	980	6	)	)	PUNCT
cblr-14251	980	7	3rd	3rd	ADJ
cblr-14251	980	8	annual	annual	ADJ
cblr-14251	980	9	conference	conference	NOUN
cblr-14251	980	10	on	on	ADP
cblr-14251	980	11	empirical	empirical	ADJ
cblr-14251	980	12	legal	legal	ADJ
cblr-14251	980	13	studies	study	NOUN
cblr-14251	980	14	papers	paper	NOUN
cblr-14251	980	15	;	;	PUNCT
cblr-14251	980	16	clea	clea	ADJ
cblr-14251	980	17	2008	2008	NUM
cblr-14251	980	18	meetings	meeting	NOUN
cblr-14251	980	19	paper	paper	NOUN
cblr-14251	980	20	;	;	PUNCT
cblr-14251	980	21	u	u	PROPN
cblr-14251	980	22	of	of	ADP
cblr-14251	980	23	michigan	michigan	PROPN
cblr-14251	980	24	law	law	PROPN
cblr-14251	980	25	&	&	CCONJ
cblr-14251	980	26	economics	economics	PROPN
cblr-14251	980	27	,	,	PUNCT
cblr-14251	980	28	olin	olin	PROPN
cblr-14251	980	29	working	working	PROPN
cblr-14251	980	30	paper	paper	PROPN
cblr-14251	980	31	no	no	INTJ
cblr-14251	980	32	.	.	NOUN
cblr-14251	980	33	09	09	NUM
cblr-14251	980	34	-	-	PUNCT
cblr-14251	980	35	002	002	NUM
cblr-14251	980	36	.	.	PUNCT
cblr-14251	980	37	available	available	ADJ
cblr-14251	980	38	at	at	ADP
cblr-14251	980	39	ssrn	ssrn	PROPN
cblr-14251	980	40	:	:	PUNCT
cblr-14251	980	41	https://ssrn.com/abstract=1121198	https://ssrn.com/abstract=1121198	ADJ
cblr-14251	980	42	or	or	CCONJ
cblr-14251	980	43	http://dx.doi.org/10.2139/ssrn.1121198	http://dx.doi.org/10.2139/ssrn.1121198	INTJ
cblr-14251	980	44	(	(	PUNCT
cblr-14251	980	45	running	run	VERB
cblr-14251	980	46	simulations	simulation	NOUN
cblr-14251	980	47	that	that	PRON
cblr-14251	980	48	counter	counter	VERB
cblr-14251	980	49	the	the	DET
cblr-14251	980	50	argument	argument	NOUN
cblr-14251	980	51	that	that	PRON
cblr-14251	980	52	diversified	diversified	ADJ
cblr-14251	980	53	investors	investor	NOUN
cblr-14251	980	54	’	'	PUNCT
cblr-14251	980	55	gains	gain	NOUN
cblr-14251	980	56	and	and	CCONJ
cblr-14251	980	57	losses	loss	NOUN
cblr-14251	980	58	due	due	ADJ
cblr-14251	980	59	to	to	ADP
cblr-14251	980	60	secondary	secondary	ADJ
cblr-14251	980	61	market	market	NOUN
cblr-14251	980	62	fraud	fraud	NOUN
cblr-14251	980	63	are	be	AUX
cblr-14251	980	64	equal	equal	ADJ
cblr-14251	980	65	)	)	PUNCT
cblr-14251	980	66	.	.	PUNCT
cblr-14251	981	1	243	243	NUM
cblr-14251	981	2	i	i	PRON
cblr-14251	981	3	d.	d.	PROPN
cblr-14251	981	4	(	(	PUNCT
cblr-14251	981	5	showing	show	VERB
cblr-14251	981	6	that	that	SCONJ
cblr-14251	981	7	even	even	ADV
cblr-14251	981	8	though	though	SCONJ
cblr-14251	981	9	the	the	DET
cblr-14251	981	10	proportion	proportion	NOUN
cblr-14251	981	11	of	of	ADP
cblr-14251	981	12	losses	loss	NOUN
cblr-14251	981	13	and	and	CCONJ
cblr-14251	981	14	wins	win	VERB
cblr-14251	981	15	approaches	approach	VERB
cblr-14251	981	16	50	50	NUM
cblr-14251	981	17	percent	percent	NOUN
cblr-14251	981	18	with	with	ADP
cblr-14251	981	19	more	more	ADJ
cblr-14251	981	20	trades	trade	NOUN
cblr-14251	981	21	,	,	PUNCT
cblr-14251	981	22	an	an	DET
cblr-14251	981	23	increase	increase	NOUN
cblr-14251	981	24	in	in	ADP
cblr-14251	981	25	trades	trade	NOUN
cblr-14251	981	26	actually	actually	ADV
cblr-14251	981	27	lowers	lower	VERB
cblr-14251	981	28	the	the	DET
cblr-14251	981	29	probability	probability	NOUN
cblr-14251	981	30	of	of	ADP
cblr-14251	981	31	a	a	DET
cblr-14251	981	32	trader	trader	NOUN
cblr-14251	981	33	actually	actually	ADV
cblr-14251	981	34	breaking	break	VERB
cblr-14251	981	35	even	even	ADV
cblr-14251	981	36	,	,	PUNCT
cblr-14251	981	37	eventually	eventually	ADV
cblr-14251	981	38	reaching	reach	VERB
cblr-14251	981	39	a	a	DET
cblr-14251	981	40	probability	probability	NOUN
cblr-14251	981	41	of	of	ADP
cblr-14251	981	42	zero	zero	NUM
cblr-14251	981	43	)	)	PUNCT
cblr-14251	981	44	.	.	PUNCT
cblr-14251	982	1	no	no	INTJ
cblr-14251	982	2	.	.	NOUN
cblr-14251	982	3	1	1	NUM
cblr-14251	982	4	]	]	PUNCT
cblr-14251	982	5	securities	security	NOUN
cblr-14251	982	6	fraud	fraud	NOUN
cblr-14251	982	7	and	and	CCONJ
cblr-14251	982	8	the	the	DET
cblr-14251	982	9	market	market	NOUN
cblr-14251	982	10	for	for	ADP
cblr-14251	982	11	individual	individual	ADJ
cblr-14251	982	12	stocks	stock	NOUN
cblr-14251	982	13	295	295	NUM
cblr-14251	982	14	investors	investor	NOUN
cblr-14251	982	15	’	’	PART
cblr-14251	982	16	reliance	reliance	NOUN
cblr-14251	982	17	on	on	ADP
cblr-14251	982	18	demand	demand	NOUN
cblr-14251	982	19	-	-	PUNCT
cblr-14251	982	20	driven	drive	VERB
cblr-14251	982	21	factors	factor	NOUN
cblr-14251	982	22	is	be	AUX
cblr-14251	982	23	not	not	PART
cblr-14251	982	24	clearly	clearly	ADV
cblr-14251	982	25	protected	protect	VERB
cblr-14251	982	26	by	by	ADP
cblr-14251	982	27	the	the	DET
cblr-14251	982	28	securities	security	NOUN
cblr-14251	982	29	laws	law	NOUN
cblr-14251	982	30	.	.	PUNCT
cblr-14251	983	1	if	if	SCONJ
cblr-14251	983	2	wrongdoers	wrongdoer	NOUN
cblr-14251	983	3	can	can	AUX
cblr-14251	983	4	systematically	systematically	ADV
cblr-14251	983	5	target	target	VERB
cblr-14251	983	6	the	the	DET
cblr-14251	983	7	demand	demand	NOUN
cblr-14251	983	8	-	-	PUNCT
cblr-14251	983	9	driven	drive	VERB
cblr-14251	983	10	gray	gray	ADJ
cblr-14251	983	11	area	area	NOUN
cblr-14251	983	12	,	,	PUNCT
cblr-14251	983	13	investors	investor	NOUN
cblr-14251	983	14	will	will	AUX
cblr-14251	983	15	systematically	systematically	ADV
cblr-14251	983	16	lose	lose	VERB
cblr-14251	983	17	.	.	PUNCT
cblr-14251	984	1	yet	yet	ADV
cblr-14251	984	2	,	,	PUNCT
cblr-14251	984	3	a	a	DET
cblr-14251	984	4	traditional	traditional	ADJ
cblr-14251	984	5	interpretation	interpretation	NOUN
cblr-14251	984	6	of	of	ADP
cblr-14251	984	7	rule	rule	NOUN
cblr-14251	984	8	10b-5	10b-5	NUM
cblr-14251	984	9	will	will	AUX
cblr-14251	984	10	likely	likely	ADV
cblr-14251	984	11	exclude	exclude	VERB
cblr-14251	984	12	demand	demand	NOUN
cblr-14251	984	13	-	-	PUNCT
cblr-14251	984	14	driven	drive	VERB
cblr-14251	984	15	trading	trading	NOUN
cblr-14251	984	16	as	as	ADP
cblr-14251	984	17	a	a	DET
cblr-14251	984	18	basis	basis	NOUN
cblr-14251	984	19	for	for	ADP
cblr-14251	984	20	recovery	recovery	NOUN
cblr-14251	984	21	and	and	CCONJ
cblr-14251	984	22	fail	fail	VERB
cblr-14251	984	23	to	to	PART
cblr-14251	984	24	account	account	VERB
cblr-14251	984	25	for	for	ADP
cblr-14251	984	26	the	the	DET
cblr-14251	984	27	market	market	NOUN
cblr-14251	984	28	for	for	ADP
cblr-14251	984	29	individual	individual	ADJ
cblr-14251	984	30	stocks	stock	NOUN
cblr-14251	984	31	.	.	PUNCT
cblr-14251	985	1	b.	b.	PROPN
cblr-14251	985	2	demand	demand	NOUN
cblr-14251	985	3	as	as	ADP
cblr-14251	985	4	information	information	NOUN
cblr-14251	985	5	one	one	NUM
cblr-14251	985	6	argument	argument	NOUN
cblr-14251	985	7	for	for	ADP
cblr-14251	985	8	deliberately	deliberately	ADV
cblr-14251	985	9	considering	consider	VERB
cblr-14251	985	10	demand	demand	NOUN
cblr-14251	985	11	-	-	PUNCT
cblr-14251	985	12	driven	drive	VERB
cblr-14251	985	13	factors	factor	NOUN
cblr-14251	985	14	and	and	CCONJ
cblr-14251	985	15	the	the	DET
cblr-14251	985	16	market	market	NOUN
cblr-14251	985	17	for	for	ADP
cblr-14251	985	18	individual	individual	ADJ
cblr-14251	985	19	stocks	stock	NOUN
cblr-14251	985	20	is	be	AUX
cblr-14251	985	21	that	that	SCONJ
cblr-14251	985	22	if	if	SCONJ
cblr-14251	985	23	the	the	DET
cblr-14251	985	24	stock	stock	NOUN
cblr-14251	985	25	market	market	NOUN
cblr-14251	985	26	is	be	AUX
cblr-14251	985	27	able	able	ADJ
cblr-14251	985	28	to	to	PART
cblr-14251	985	29	price	price	VERB
cblr-14251	985	30	in	in	ADP
cblr-14251	985	31	demand	demand	NOUN
cblr-14251	985	32	or	or	CCONJ
cblr-14251	985	33	otherwise	otherwise	ADV
cblr-14251	985	34	treat	treat	VERB
cblr-14251	985	35	it	it	PRON
cblr-14251	985	36	as	as	ADV
cblr-14251	985	37	informative	informative	ADJ
cblr-14251	985	38	(	(	PUNCT
cblr-14251	985	39	and	and	CCONJ
cblr-14251	985	40	if	if	SCONJ
cblr-14251	985	41	similar	similar	ADJ
cblr-14251	985	42	harm	harm	NOUN
cblr-14251	985	43	can	can	AUX
cblr-14251	985	44	result	result	VERB
cblr-14251	985	45	)	)	PUNCT
cblr-14251	985	46	,	,	PUNCT
cblr-14251	985	47	so	so	ADV
cblr-14251	985	48	should	should	AUX
cblr-14251	985	49	the	the	DET
cblr-14251	985	50	securities	security	NOUN
cblr-14251	985	51	laws	law	NOUN
cblr-14251	985	52	.	.	PUNCT
cblr-14251	986	1	this	this	PRON
cblr-14251	986	2	is	be	AUX
cblr-14251	986	3	not	not	PART
cblr-14251	986	4	an	an	DET
cblr-14251	986	5	outrageous	outrageous	ADJ
cblr-14251	986	6	proposition	proposition	NOUN
cblr-14251	986	7	.	.	PUNCT
cblr-14251	987	1	investors	investor	NOUN
cblr-14251	987	2	increasingly	increasingly	ADV
cblr-14251	987	3	make	make	VERB
cblr-14251	987	4	decisions	decision	NOUN
cblr-14251	987	5	for	for	ADP
cblr-14251	987	6	non	non	ADJ
cblr-14251	987	7	-	-	ADJ
cblr-14251	987	8	traditional	traditional	ADJ
cblr-14251	987	9	,	,	PUNCT
cblr-14251	987	10	non	non	ADJ
cblr-14251	987	11	-	-	ADJ
cblr-14251	987	12	financial	financial	ADJ
cblr-14251	987	13	reasons	reason	NOUN
cblr-14251	987	14	,	,	PUNCT
cblr-14251	987	15	and	and	CCONJ
cblr-14251	987	16	as	as	SCONJ
cblr-14251	987	17	they	they	PRON
cblr-14251	987	18	do	do	VERB
cblr-14251	987	19	so	so	ADV
cblr-14251	987	20	,	,	PUNCT
cblr-14251	987	21	the	the	DET
cblr-14251	987	22	market	market	NOUN
cblr-14251	987	23	ecosystem	ecosystem	NOUN
cblr-14251	987	24	can	can	AUX
cblr-14251	987	25	treat	treat	VERB
cblr-14251	987	26	those	those	DET
cblr-14251	987	27	motivations	motivation	NOUN
cblr-14251	987	28	as	as	ADP
cblr-14251	987	29	informative	informative	ADJ
cblr-14251	987	30	.	.	PUNCT
cblr-14251	988	1	in	in	ADP
cblr-14251	988	2	a	a	DET
cblr-14251	988	3	market	market	NOUN
cblr-14251	988	4	for	for	ADP
cblr-14251	988	5	individual	individual	ADJ
cblr-14251	988	6	stocks	stock	NOUN
cblr-14251	988	7	,	,	PUNCT
cblr-14251	988	8	these	these	DET
cblr-14251	988	9	non	non	ADJ
cblr-14251	988	10	-	-	ADJ
cblr-14251	988	11	financial	financial	ADJ
cblr-14251	988	12	,	,	PUNCT
cblr-14251	988	13	demand	demand	NOUN
cblr-14251	988	14	-	-	PUNCT
cblr-14251	988	15	driven	drive	VERB
cblr-14251	988	16	characteristics	characteristic	NOUN
cblr-14251	988	17	can	can	AUX
cblr-14251	988	18	generate	generate	VERB
cblr-14251	988	19	persistent	persistent	ADJ
cblr-14251	988	20	stock	stock	NOUN
cblr-14251	988	21	price	price	NOUN
cblr-14251	988	22	movements	movement	NOUN
cblr-14251	988	23	,	,	PUNCT
cblr-14251	988	24	just	just	ADV
cblr-14251	988	25	as	as	SCONJ
cblr-14251	988	26	changes	change	NOUN
cblr-14251	988	27	to	to	ADP
cblr-14251	988	28	fundamentals	fundamental	NOUN
cblr-14251	988	29	can	can	AUX
cblr-14251	988	30	.	.	PUNCT
cblr-14251	989	1	this	this	PRON
cblr-14251	989	2	increasingly	increasingly	ADV
cblr-14251	989	3	blurs	blur	VERB
cblr-14251	989	4	the	the	DET
cblr-14251	989	5	line	line	NOUN
cblr-14251	989	6	between	between	ADP
cblr-14251	989	7	demand	demand	NOUN
cblr-14251	989	8	-	-	PUNCT
cblr-14251	989	9	driven	drive	VERB
cblr-14251	989	10	trading	trading	NOUN
cblr-14251	989	11	and	and	CCONJ
cblr-14251	989	12	(	(	PUNCT
cblr-14251	989	13	traditional	traditional	ADJ
cblr-14251	989	14	)	)	PUNCT
cblr-14251	989	15	information	information	NOUN
cblr-14251	989	16	-	-	PUNCT
cblr-14251	989	17	driven	drive	VERB
cblr-14251	989	18	trading	trading	NOUN
cblr-14251	989	19	:	:	PUNCT
cblr-14251	989	20	these	these	DET
cblr-14251	989	21	nonfinancial	nonfinancial	ADJ
cblr-14251	989	22	demand	demand	NOUN
cblr-14251	989	23	premia	premia	NOUN
cblr-14251	989	24	can	can	AUX
cblr-14251	989	25	be	be	AUX
cblr-14251	989	26	thought	think	VERB
cblr-14251	989	27	of	of	ADP
cblr-14251	989	28	as	as	ADV
cblr-14251	989	29	informative	informative	ADJ
cblr-14251	989	30	,	,	PUNCT
cblr-14251	989	31	just	just	ADV
cblr-14251	989	32	as	as	SCONJ
cblr-14251	989	33	consumer	consumer	NOUN
cblr-14251	989	34	demand	demand	NOUN
cblr-14251	989	35	might	might	AUX
cblr-14251	989	36	be.244	be.244	PROPN
cblr-14251	989	37	one	one	NUM
cblr-14251	989	38	other	other	ADJ
cblr-14251	989	39	reason	reason	NOUN
cblr-14251	989	40	for	for	ADP
cblr-14251	989	41	deliberately	deliberately	ADV
cblr-14251	989	42	considering	consider	VERB
cblr-14251	989	43	demanddriven	demanddriven	VERB
cblr-14251	989	44	factors	factor	NOUN
cblr-14251	989	45	is	be	AUX
cblr-14251	989	46	that	that	SCONJ
cblr-14251	989	47	the	the	DET
cblr-14251	989	48	harm	harm	NOUN
cblr-14251	989	49	caused	cause	VERB
cblr-14251	989	50	by	by	ADP
cblr-14251	989	51	fraud	fraud	NOUN
cblr-14251	989	52	in	in	ADP
cblr-14251	989	53	the	the	DET
cblr-14251	989	54	market	market	NOUN
cblr-14251	989	55	for	for	ADP
cblr-14251	989	56	individual	individual	ADJ
cblr-14251	989	57	stocks	stock	NOUN
cblr-14251	989	58	may	may	AUX
cblr-14251	989	59	be	be	AUX
cblr-14251	989	60	slightly	slightly	ADV
cblr-14251	989	61	broader	broad	ADJ
cblr-14251	989	62	than	than	ADP
cblr-14251	989	63	the	the	DET
cblr-14251	989	64	harm	harm	NOUN
cblr-14251	989	65	caused	cause	VERB
cblr-14251	989	66	by	by	ADP
cblr-14251	989	67	securities	security	NOUN
cblr-14251	989	68	fraud	fraud	NOUN
cblr-14251	989	69	,	,	PUNCT
cblr-14251	989	70	traditionally	traditionally	ADV
cblr-14251	989	71	defined	define	VERB
cblr-14251	989	72	.	.	PUNCT
cblr-14251	990	1	securities	security	NOUN
cblr-14251	990	2	fraud	fraud	NOUN
cblr-14251	990	3	causes	cause	VERB
cblr-14251	990	4	harms	harm	NOUN
cblr-14251	990	5	to	to	ADP
cblr-14251	990	6	investors	investor	NOUN
cblr-14251	990	7	through	through	ADP
cblr-14251	990	8	financial	financial	ADJ
cblr-14251	990	9	losses	loss	NOUN
cblr-14251	990	10	and	and	CCONJ
cblr-14251	990	11	reduced	reduce	VERB
cblr-14251	990	12	faith	faith	NOUN
cblr-14251	990	13	in	in	ADP
cblr-14251	990	14	the	the	DET
cblr-14251	990	15	stock	stock	NOUN
cblr-14251	990	16	market	market	NOUN
cblr-14251	990	17	,	,	PUNCT
cblr-14251	990	18	but	but	CCONJ
cblr-14251	990	19	it	it	PRON
cblr-14251	990	20	also	also	ADV
cblr-14251	990	21	harms	harm	VERB
cblr-14251	990	22	the	the	DET
cblr-14251	990	23	244	244	NUM
cblr-14251	990	24	recall	recall	NOUN
cblr-14251	990	25	the	the	DET
cblr-14251	990	26	example	example	NOUN
cblr-14251	990	27	of	of	ADP
cblr-14251	990	28	nostalgiable	nostalgiable	ADJ
cblr-14251	990	29	,	,	PUNCT
cblr-14251	990	30	the	the	DET
cblr-14251	990	31	hypothetical	hypothetical	ADJ
cblr-14251	990	32	sustainable	sustainable	ADJ
cblr-14251	990	33	clothing	clothing	NOUN
cblr-14251	990	34	company	company	NOUN
cblr-14251	990	35	previously	previously	ADV
cblr-14251	990	36	discussed	discuss	VERB
cblr-14251	990	37	in	in	ADP
cblr-14251	990	38	section	section	NOUN
cblr-14251	990	39	iii	iii	PROPN
cblr-14251	990	40	supra	supra	PROPN
cblr-14251	990	41	.	.	PUNCT
cblr-14251	991	1	imagine	imagine	VERB
cblr-14251	991	2	that	that	PRON
cblr-14251	991	3	nostalgiable	nostalgiable	ADJ
cblr-14251	991	4	is	be	AUX
cblr-14251	991	5	able	able	ADJ
cblr-14251	991	6	to	to	PART
cblr-14251	991	7	fund	fund	VERB
cblr-14251	991	8	greater	great	ADJ
cblr-14251	991	9	value	value	NOUN
cblr-14251	991	10	-	-	PUNCT
cblr-14251	991	11	generating	generate	VERB
cblr-14251	991	12	projects	project	NOUN
cblr-14251	991	13	as	as	ADP
cblr-14251	991	14	a	a	DET
cblr-14251	991	15	result	result	NOUN
cblr-14251	991	16	of	of	ADP
cblr-14251	991	17	its	its	PRON
cblr-14251	991	18	higher	high	ADJ
cblr-14251	991	19	$	$	SYM
cblr-14251	991	20	20	20	NUM
cblr-14251	991	21	share	share	NOUN
cblr-14251	991	22	price	price	NOUN
cblr-14251	991	23	(	(	PUNCT
cblr-14251	991	24	a	a	DET
cblr-14251	991	25	share	share	NOUN
cblr-14251	991	26	price	price	NOUN
cblr-14251	991	27	reached	reach	VERB
cblr-14251	991	28	through	through	ADP
cblr-14251	991	29	demand	demand	NOUN
cblr-14251	991	30	-	-	PUNCT
cblr-14251	991	31	driven	drive	VERB
cblr-14251	991	32	trading	trading	NOUN
cblr-14251	991	33	)	)	PUNCT
cblr-14251	991	34	.	.	PUNCT
cblr-14251	992	1	this	this	PRON
cblr-14251	992	2	then	then	ADV
cblr-14251	992	3	raises	raise	VERB
cblr-14251	992	4	nostalgiable	nostalgiable	PROPN
cblr-14251	992	5	’s	’s	PART
cblr-14251	992	6	fundamental	fundamental	ADJ
cblr-14251	992	7	value	value	NOUN
cblr-14251	992	8	based	base	VERB
cblr-14251	992	9	on	on	ADP
cblr-14251	992	10	its	its	PRON
cblr-14251	992	11	cash	cash	NOUN
cblr-14251	992	12	flows	flow	NOUN
cblr-14251	992	13	.	.	PUNCT
cblr-14251	993	1	as	as	ADP
cblr-14251	993	2	its	its	PRON
cblr-14251	993	3	fundamental	fundamental	ADJ
cblr-14251	993	4	value	value	NOUN
cblr-14251	993	5	rises	rise	NOUN
cblr-14251	993	6	,	,	PUNCT
cblr-14251	993	7	$	$	SYM
cblr-14251	993	8	20	20	NUM
cblr-14251	993	9	per	per	ADP
cblr-14251	993	10	share	share	NOUN
cblr-14251	993	11	may	may	AUX
cblr-14251	993	12	no	no	ADV
cblr-14251	993	13	longer	long	ADV
cblr-14251	993	14	seem	seem	VERB
cblr-14251	993	15	inflated	inflated	ADJ
cblr-14251	993	16	.	.	PUNCT
cblr-14251	994	1	instead	instead	ADV
cblr-14251	994	2	,	,	PUNCT
cblr-14251	994	3	it	it	PRON
cblr-14251	994	4	may	may	AUX
cblr-14251	994	5	appear	appear	VERB
cblr-14251	994	6	informative	informative	ADJ
cblr-14251	994	7	.	.	PUNCT
cblr-14251	995	1	296	296	NUM
cblr-14251	995	2	columbia	columbia	PROPN
cblr-14251	995	3	business	business	NOUN
cblr-14251	995	4	law	law	NOUN
cblr-14251	995	5	review	review	NOUN
cblr-14251	996	1	[	[	X
cblr-14251	996	2	vol	vol	NOUN
cblr-14251	996	3	.	.	PUNCT
cblr-14251	996	4	2025	2025	NUM
cblr-14251	996	5	integrity	integrity	NOUN
cblr-14251	996	6	and	and	CCONJ
cblr-14251	996	7	role	role	NOUN
cblr-14251	996	8	of	of	ADP
cblr-14251	996	9	stock	stock	NOUN
cblr-14251	996	10	prices	price	NOUN
cblr-14251	996	11	as	as	ADP
cblr-14251	996	12	information	information	NOUN
cblr-14251	996	13	transmission	transmission	NOUN
cblr-14251	996	14	mechanisms	mechanism	NOUN
cblr-14251	996	15	.	.	PUNCT
cblr-14251	997	1	fraud	fraud	NOUN
cblr-14251	997	2	in	in	ADP
cblr-14251	997	3	the	the	DET
cblr-14251	997	4	market	market	NOUN
cblr-14251	997	5	for	for	ADP
cblr-14251	997	6	individual	individual	ADJ
cblr-14251	997	7	stocks	stock	NOUN
cblr-14251	997	8	causes	cause	VERB
cblr-14251	997	9	these	these	DET
cblr-14251	997	10	same	same	ADJ
cblr-14251	997	11	harms	harm	NOUN
cblr-14251	997	12	,	,	PUNCT
cblr-14251	997	13	but	but	CCONJ
cblr-14251	997	14	it	it	PRON
cblr-14251	997	15	can	can	AUX
cblr-14251	997	16	also	also	ADV
cblr-14251	997	17	cause	cause	VERB
cblr-14251	997	18	broader	broad	ADJ
cblr-14251	997	19	harms	harm	NOUN
cblr-14251	997	20	akin	akin	ADJ
cblr-14251	997	21	to	to	ADP
cblr-14251	997	22	fraud	fraud	VERB
cblr-14251	997	23	in	in	ADP
cblr-14251	997	24	the	the	DET
cblr-14251	997	25	market	market	NOUN
cblr-14251	997	26	for	for	ADP
cblr-14251	997	27	consumer	consumer	NOUN
cblr-14251	997	28	goods	good	NOUN
cblr-14251	997	29	and	and	CCONJ
cblr-14251	997	30	services	service	NOUN
cblr-14251	997	31	where	where	SCONJ
cblr-14251	997	32	“	"	PUNCT
cblr-14251	997	33	[	[	X
cblr-14251	997	34	f]alse	f]alse	PRON
cblr-14251	997	35	claims	claim	VERB
cblr-14251	997	36	harm	harm	VERB
cblr-14251	997	37	consumers	consumer	NOUN
cblr-14251	997	38	by	by	ADP
cblr-14251	997	39	deceiving	deceive	VERB
cblr-14251	997	40	them	they	PRON
cblr-14251	997	41	,	,	PUNCT
cblr-14251	997	42	hampering	hamper	VERB
cblr-14251	997	43	their	their	PRON
cblr-14251	997	44	autonomy	autonomy	NOUN
cblr-14251	997	45	,	,	PUNCT
cblr-14251	997	46	eroding	erode	VERB
cblr-14251	997	47	their	their	PRON
cblr-14251	997	48	trust	trust	NOUN
cblr-14251	997	49	,	,	PUNCT
cblr-14251	997	50	improperly	improperly	ADV
cblr-14251	997	51	influencing	influence	VERB
cblr-14251	997	52	their	their	PRON
cblr-14251	997	53	purchasing	purchasing	NOUN
cblr-14251	997	54	decisions	decision	NOUN
cblr-14251	997	55	,	,	PUNCT
cblr-14251	997	56	and	and	CCONJ
cblr-14251	997	57	providing	provide	VERB
cblr-14251	997	58	unreliable	unreliable	ADJ
cblr-14251	997	59	information	information	NOUN
cblr-14251	997	60	about	about	ADP
cblr-14251	997	61	goods	good	NOUN
cblr-14251	997	62	and	and	CCONJ
cblr-14251	997	63	services	service	NOUN
cblr-14251	997	64	that	that	PRON
cblr-14251	997	65	they	they	PRON
cblr-14251	997	66	nonetheless	nonetheless	ADV
cblr-14251	997	67	rely	rely	VERB
cblr-14251	997	68	on	on	ADP
cblr-14251	997	69	.	.	PUNCT
cblr-14251	998	1	”245	”245	NOUN
cblr-14251	999	1	overall	overall	ADV
cblr-14251	999	2	,	,	PUNCT
cblr-14251	999	3	the	the	DET
cblr-14251	999	4	argument	argument	NOUN
cblr-14251	999	5	would	would	AUX
cblr-14251	999	6	be	be	AUX
cblr-14251	999	7	that	that	SCONJ
cblr-14251	999	8	just	just	ADV
cblr-14251	999	9	as	as	SCONJ
cblr-14251	999	10	the	the	DET
cblr-14251	999	11	categories	category	NOUN
cblr-14251	999	12	of	of	ADP
cblr-14251	999	13	information	information	NOUN
cblr-14251	999	14	that	that	PRON
cblr-14251	999	15	affect	affect	VERB
cblr-14251	999	16	stock	stock	NOUN
cblr-14251	999	17	prices	price	NOUN
cblr-14251	999	18	(	(	PUNCT
cblr-14251	999	19	and	and	CCONJ
cblr-14251	999	20	systematically	systematically	ADV
cblr-14251	999	21	cause	cause	VERB
cblr-14251	999	22	harm	harm	NOUN
cblr-14251	999	23	)	)	PUNCT
cblr-14251	999	24	are	be	AUX
cblr-14251	999	25	growing	grow	VERB
cblr-14251	999	26	to	to	PART
cblr-14251	999	27	encompass	encompass	VERB
cblr-14251	999	28	demand	demand	NOUN
cblr-14251	999	29	-	-	PUNCT
cblr-14251	999	30	driven	drive	VERB
cblr-14251	999	31	factors	factor	NOUN
cblr-14251	999	32	,	,	PUNCT
cblr-14251	999	33	so	so	ADV
cblr-14251	999	34	should	should	AUX
cblr-14251	999	35	the	the	DET
cblr-14251	999	36	categories	category	NOUN
cblr-14251	999	37	of	of	ADP
cblr-14251	999	38	actionable	actionable	ADJ
cblr-14251	999	39	statements	statement	NOUN
cblr-14251	999	40	under	under	ADP
cblr-14251	999	41	the	the	DET
cblr-14251	999	42	securities	security	NOUN
cblr-14251	999	43	laws	law	NOUN
cblr-14251	999	44	also	also	ADV
cblr-14251	999	45	encompass	encompass	VERB
cblr-14251	999	46	demand	demand	NOUN
cblr-14251	999	47	-	-	PUNCT
cblr-14251	999	48	driven	drive	VERB
cblr-14251	999	49	types	type	NOUN
cblr-14251	999	50	of	of	ADP
cblr-14251	999	51	information	information	NOUN
cblr-14251	999	52	.	.	PUNCT
cblr-14251	1000	1	of	of	ADP
cblr-14251	1000	2	course	course	ADV
cblr-14251	1000	3	,	,	PUNCT
cblr-14251	1000	4	uncertainty	uncertainty	NOUN
cblr-14251	1000	5	persists	persist	VERB
cblr-14251	1000	6	:	:	PUNCT
cblr-14251	1000	7	this	this	PRON
cblr-14251	1000	8	has	have	AUX
cblr-14251	1000	9	only	only	ADV
cblr-14251	1000	10	shifted	shift	VERB
cblr-14251	1000	11	the	the	DET
cblr-14251	1000	12	inquiry	inquiry	NOUN
cblr-14251	1000	13	,	,	PUNCT
cblr-14251	1000	14	not	not	PART
cblr-14251	1000	15	removed	remove	VERB
cblr-14251	1000	16	it	it	PRON
cblr-14251	1000	17	.	.	PUNCT
cblr-14251	1001	1	what	what	PRON
cblr-14251	1001	2	are	be	AUX
cblr-14251	1001	3	the	the	DET
cblr-14251	1001	4	boundaries	boundary	NOUN
cblr-14251	1001	5	around	around	ADP
cblr-14251	1001	6	actionable	actionable	ADJ
cblr-14251	1001	7	,	,	PUNCT
cblr-14251	1001	8	demand	demand	NOUN
cblr-14251	1001	9	-	-	PUNCT
cblr-14251	1001	10	driven	drive	VERB
cblr-14251	1001	11	information	information	NOUN
cblr-14251	1001	12	?	?	PUNCT
cblr-14251	1002	1	c.	c.	PROPN
cblr-14251	1002	2	possible	possible	ADJ
cblr-14251	1002	3	responses	response	NOUN
cblr-14251	1002	4	heterogeneous	heterogeneous	ADJ
cblr-14251	1002	5	demand	demand	NOUN
cblr-14251	1002	6	factors	factor	NOUN
cblr-14251	1002	7	are	be	AUX
cblr-14251	1002	8	occupying	occupy	VERB
cblr-14251	1002	9	a	a	DET
cblr-14251	1002	10	larger	large	ADJ
cblr-14251	1002	11	role	role	NOUN
cblr-14251	1002	12	in	in	ADP
cblr-14251	1002	13	stock	stock	NOUN
cblr-14251	1002	14	price	price	NOUN
cblr-14251	1002	15	movement	movement	NOUN
cblr-14251	1002	16	and	and	CCONJ
cblr-14251	1002	17	investor	investor	NOUN
cblr-14251	1002	18	behavior	behavior	NOUN
cblr-14251	1002	19	.	.	PUNCT
cblr-14251	1003	1	while	while	SCONJ
cblr-14251	1003	2	this	this	DET
cblr-14251	1003	3	article	article	NOUN
cblr-14251	1003	4	does	do	AUX
cblr-14251	1003	5	not	not	PART
cblr-14251	1003	6	aim	aim	VERB
cblr-14251	1003	7	to	to	PART
cblr-14251	1003	8	provide	provide	VERB
cblr-14251	1003	9	a	a	DET
cblr-14251	1003	10	full	full	ADJ
cblr-14251	1003	11	prescriptive	prescriptive	ADJ
cblr-14251	1003	12	solution	solution	NOUN
cblr-14251	1003	13	,	,	PUNCT
cblr-14251	1003	14	it	it	PRON
cblr-14251	1003	15	explores	explore	VERB
cblr-14251	1003	16	a	a	DET
cblr-14251	1003	17	number	number	NOUN
cblr-14251	1003	18	of	of	ADP
cblr-14251	1003	19	possible	possible	ADJ
cblr-14251	1003	20	responses	response	NOUN
cblr-14251	1003	21	by	by	ADP
cblr-14251	1003	22	the	the	DET
cblr-14251	1003	23	securities	security	NOUN
cblr-14251	1003	24	laws	law	NOUN
cblr-14251	1003	25	.	.	PUNCT
cblr-14251	1004	1	one	one	NUM
cblr-14251	1004	2	possibility	possibility	NOUN
cblr-14251	1004	3	is	be	AUX
cblr-14251	1004	4	to	to	PART
cblr-14251	1004	5	revisit	revisit	VERB
cblr-14251	1004	6	the	the	DET
cblr-14251	1004	7	scope	scope	NOUN
cblr-14251	1004	8	of	of	ADP
cblr-14251	1004	9	materiality	materiality	NOUN
cblr-14251	1004	10	under	under	ADP
cblr-14251	1004	11	rule	rule	NOUN
cblr-14251	1004	12	10b-5	10b-5	NUM
cblr-14251	1004	13	.	.	PUNCT
cblr-14251	1005	1	the	the	DET
cblr-14251	1005	2	materiality	materiality	NOUN
cblr-14251	1005	3	inquiry	inquiry	NOUN
cblr-14251	1005	4	could	could	AUX
cblr-14251	1005	5	provide	provide	VERB
cblr-14251	1005	6	a	a	DET
cblr-14251	1005	7	natural	natural	ADJ
cblr-14251	1005	8	place	place	NOUN
cblr-14251	1005	9	for	for	SCONJ
cblr-14251	1005	10	courts	court	NOUN
cblr-14251	1005	11	to	to	PART
cblr-14251	1005	12	consider	consider	VERB
cblr-14251	1005	13	non	non	ADJ
cblr-14251	1005	14	-	-	ADJ
cblr-14251	1005	15	traditional	traditional	ADJ
cblr-14251	1005	16	demand	demand	NOUN
cblr-14251	1005	17	factors	factor	NOUN
cblr-14251	1005	18	:	:	PUNCT
cblr-14251	1005	19	the	the	DET
cblr-14251	1005	20	relationship	relationship	NOUN
cblr-14251	1005	21	between	between	ADP
cblr-14251	1005	22	the	the	DET
cblr-14251	1005	23	information	information	NOUN
cblr-14251	1005	24	consumer	consumer	NOUN
cblr-14251	1005	25	and	and	CCONJ
cblr-14251	1005	26	the	the	DET
cblr-14251	1005	27	information	information	NOUN
cblr-14251	1005	28	provider	provider	NOUN
cblr-14251	1005	29	,	,	PUNCT
cblr-14251	1005	30	the	the	DET
cblr-14251	1005	31	extent	extent	NOUN
cblr-14251	1005	32	to	to	PART
cblr-14251	1005	33	which	which	PRON
cblr-14251	1005	34	non	non	ADJ
cblr-14251	1005	35	-	-	ADJ
cblr-14251	1005	36	financial	financial	ADJ
cblr-14251	1005	37	considerations	consideration	NOUN
cblr-14251	1005	38	drive	drive	VERB
cblr-14251	1005	39	decision	decision	NOUN
cblr-14251	1005	40	-	-	PUNCT
cblr-14251	1005	41	making	making	NOUN
cblr-14251	1005	42	,	,	PUNCT
cblr-14251	1005	43	and	and	CCONJ
cblr-14251	1005	44	the	the	DET
cblr-14251	1005	45	role	role	NOUN
cblr-14251	1005	46	played	play	VERB
cblr-14251	1005	47	by	by	ADP
cblr-14251	1005	48	the	the	DET
cblr-14251	1005	49	market	market	NOUN
cblr-14251	1005	50	for	for	ADP
cblr-14251	1005	51	individual	individual	ADJ
cblr-14251	1005	52	stocks	stock	NOUN
cblr-14251	1005	53	and	and	CCONJ
cblr-14251	1005	54	heterogeneous	heterogeneous	ADJ
cblr-14251	1005	55	demand	demand	NOUN
cblr-14251	1005	56	for	for	ADP
cblr-14251	1005	57	individual	individual	ADJ
cblr-14251	1005	58	stocks	stock	NOUN
cblr-14251	1005	59	.	.	PUNCT
cblr-14251	1006	1	one	one	NUM
cblr-14251	1006	2	potential	potential	ADJ
cblr-14251	1006	3	conception	conception	NOUN
cblr-14251	1006	4	of	of	ADP
cblr-14251	1006	5	the	the	DET
cblr-14251	1006	6	materiality	materiality	NOUN
cblr-14251	1006	7	test	test	NOUN
cblr-14251	1006	8	could	could	AUX
cblr-14251	1006	9	be	be	AUX
cblr-14251	1006	10	whether	whether	SCONJ
cblr-14251	1006	11	there	there	PRON
cblr-14251	1006	12	is	be	VERB
cblr-14251	1006	13	“	"	PUNCT
cblr-14251	1006	14	a	a	DET
cblr-14251	1006	15	substantial	substantial	ADJ
cblr-14251	1006	16	245	245	NUM
cblr-14251	1006	17	roberts	robert	NOUN
cblr-14251	1006	18	,	,	PUNCT
cblr-14251	1006	19	supra	supra	PROPN
cblr-14251	1006	20	note	note	PROPN
cblr-14251	1006	21	11	11	NUM
cblr-14251	1006	22	,	,	PUNCT
cblr-14251	1006	23	at	at	ADP
cblr-14251	1006	24	98	98	NUM
cblr-14251	1006	25	.	.	PUNCT
cblr-14251	1007	1	this	this	PRON
cblr-14251	1007	2	is	be	AUX
cblr-14251	1007	3	not	not	PART
cblr-14251	1007	4	necessarily	necessarily	ADV
cblr-14251	1007	5	to	to	PART
cblr-14251	1007	6	equate	equate	VERB
cblr-14251	1007	7	harms	harm	NOUN
cblr-14251	1007	8	with	with	ADP
cblr-14251	1007	9	those	those	PRON
cblr-14251	1007	10	caused	cause	VERB
cblr-14251	1007	11	by	by	ADP
cblr-14251	1007	12	traditional	traditional	ADJ
cblr-14251	1007	13	consumer	consumer	NOUN
cblr-14251	1007	14	fraud	fraud	NOUN
cblr-14251	1007	15	leads	lead	NOUN
cblr-14251	1007	16	,	,	PUNCT
cblr-14251	1007	17	where	where	SCONJ
cblr-14251	1007	18	for	for	ADP
cblr-14251	1007	19	example	example	NOUN
cblr-14251	1007	20	,	,	PUNCT
cblr-14251	1007	21	false	false	ADJ
cblr-14251	1007	22	claims	claim	NOUN
cblr-14251	1007	23	on	on	ADP
cblr-14251	1007	24	drug	drug	NOUN
cblr-14251	1007	25	effects	effect	NOUN
cblr-14251	1007	26	can	can	AUX
cblr-14251	1007	27	lead	lead	VERB
cblr-14251	1007	28	to	to	ADP
cblr-14251	1007	29	catastrophic	catastrophic	ADJ
cblr-14251	1007	30	consequences	consequence	NOUN
cblr-14251	1007	31	.	.	PUNCT
cblr-14251	1008	1	it	it	PRON
cblr-14251	1008	2	is	be	AUX
cblr-14251	1008	3	merely	merely	ADV
cblr-14251	1008	4	to	to	PART
cblr-14251	1008	5	point	point	VERB
cblr-14251	1008	6	out	out	ADP
cblr-14251	1008	7	potential	potential	ADJ
cblr-14251	1008	8	overlap	overlap	NOUN
cblr-14251	1008	9	in	in	ADP
cblr-14251	1008	10	the	the	DET
cblr-14251	1008	11	ways	way	NOUN
cblr-14251	1008	12	that	that	PRON
cblr-14251	1008	13	consumers	consumer	NOUN
cblr-14251	1008	14	respond	respond	VERB
cblr-14251	1008	15	to	to	ADP
cblr-14251	1008	16	claims	claim	NOUN
cblr-14251	1008	17	in	in	ADP
cblr-14251	1008	18	both	both	CCONJ
cblr-14251	1008	19	the	the	DET
cblr-14251	1008	20	market	market	NOUN
cblr-14251	1008	21	for	for	ADP
cblr-14251	1008	22	individual	individual	ADJ
cblr-14251	1008	23	stocks	stock	NOUN
cblr-14251	1008	24	as	as	ADV
cblr-14251	1008	25	well	well	ADV
cblr-14251	1008	26	as	as	ADP
cblr-14251	1008	27	claims	claim	NOUN
cblr-14251	1008	28	in	in	ADP
cblr-14251	1008	29	the	the	DET
cblr-14251	1008	30	market	market	NOUN
cblr-14251	1008	31	for	for	ADP
cblr-14251	1008	32	traditional	traditional	ADJ
cblr-14251	1008	33	goods	good	NOUN
cblr-14251	1008	34	and	and	CCONJ
cblr-14251	1008	35	services	service	NOUN
cblr-14251	1008	36	.	.	PUNCT
cblr-14251	1009	1	no	no	INTJ
cblr-14251	1009	2	.	.	NOUN
cblr-14251	1009	3	1	1	NUM
cblr-14251	1009	4	]	]	PUNCT
cblr-14251	1009	5	securities	security	NOUN
cblr-14251	1009	6	fraud	fraud	NOUN
cblr-14251	1009	7	and	and	CCONJ
cblr-14251	1009	8	the	the	DET
cblr-14251	1009	9	market	market	NOUN
cblr-14251	1009	10	for	for	ADP
cblr-14251	1009	11	individual	individual	ADJ
cblr-14251	1009	12	stocks	stock	NOUN
cblr-14251	1009	13	297	297	NUM
cblr-14251	1009	14	likelihood	likelihood	NOUN
cblr-14251	1009	15	that	that	SCONJ
cblr-14251	1009	16	the	the	DET
cblr-14251	1009	17	disclosure	disclosure	NOUN
cblr-14251	1009	18	of	of	ADP
cblr-14251	1009	19	the	the	DET
cblr-14251	1009	20	omitted	omit	VERB
cblr-14251	1009	21	fact	fact	NOUN
cblr-14251	1009	22	would	would	AUX
cblr-14251	1009	23	have	have	AUX
cblr-14251	1009	24	been	be	AUX
cblr-14251	1009	25	viewed	view	VERB
cblr-14251	1009	26	by	by	ADP
cblr-14251	1009	27	the	the	DET
cblr-14251	1009	28	reasonable	reasonable	ADJ
cblr-14251	1009	29	investor	investor	NOUN
cblr-14251	1009	30	in	in	ADP
cblr-14251	1009	31	the	the	DET
cblr-14251	1009	32	given	give	VERB
cblr-14251	1009	33	market	market	NOUN
cblr-14251	1009	34	as	as	ADP
cblr-14251	1009	35	having	having	AUX
cblr-14251	1009	36	significantly	significantly	ADV
cblr-14251	1009	37	altered	alter	VERB
cblr-14251	1009	38	the	the	DET
cblr-14251	1009	39	‘	'	PUNCT
cblr-14251	1009	40	total	total	ADJ
cblr-14251	1009	41	mix	mix	NOUN
cblr-14251	1009	42	’	'	PUNCT
cblr-14251	1009	43	of	of	ADP
cblr-14251	1009	44	information	information	NOUN
cblr-14251	1009	45	made	make	VERB
cblr-14251	1009	46	available	available	ADJ
cblr-14251	1009	47	.	.	PUNCT
cblr-14251	1009	48	”	"	PUNCT
cblr-14251	1010	1	this	this	PRON
cblr-14251	1010	2	would	would	AUX
cblr-14251	1010	3	be	be	AUX
cblr-14251	1010	4	driven	drive	VERB
cblr-14251	1010	5	by	by	ADP
cblr-14251	1010	6	the	the	DET
cblr-14251	1010	7	acknowledgment	acknowledgment	NOUN
cblr-14251	1010	8	that	that	SCONJ
cblr-14251	1010	9	the	the	DET
cblr-14251	1010	10	marketplace	marketplace	NOUN
cblr-14251	1010	11	for	for	ADP
cblr-14251	1010	12	stocks	stock	NOUN
cblr-14251	1010	13	is	be	AUX
cblr-14251	1010	14	not	not	PART
cblr-14251	1010	15	always	always	ADV
cblr-14251	1010	16	rational	rational	ADJ
cblr-14251	1010	17	or	or	CCONJ
cblr-14251	1010	18	driven	drive	VERB
cblr-14251	1010	19	solely	solely	ADV
cblr-14251	1010	20	by	by	ADP
cblr-14251	1010	21	financial	financial	ADJ
cblr-14251	1010	22	risk	risk	NOUN
cblr-14251	1010	23	and	and	CCONJ
cblr-14251	1010	24	return	return	VERB
cblr-14251	1010	25	,	,	PUNCT
cblr-14251	1010	26	as	as	ADV
cblr-14251	1010	27	well	well	ADV
cblr-14251	1010	28	as	as	ADP
cblr-14251	1010	29	the	the	DET
cblr-14251	1010	30	possibility	possibility	NOUN
cblr-14251	1010	31	that	that	SCONJ
cblr-14251	1010	32	different	different	ADJ
cblr-14251	1010	33	parts	part	NOUN
cblr-14251	1010	34	of	of	ADP
cblr-14251	1010	35	the	the	DET
cblr-14251	1010	36	stock	stock	NOUN
cblr-14251	1010	37	market	market	NOUN
cblr-14251	1010	38	behave	behave	VERB
cblr-14251	1010	39	differently.246	differently.246	PROPN
cblr-14251	1010	40	of	of	ADP
cblr-14251	1010	41	course	course	NOUN
cblr-14251	1010	42	,	,	PUNCT
cblr-14251	1010	43	large	large	ADJ
cblr-14251	1010	44	caveats	caveat	NOUN
cblr-14251	1010	45	remain	remain	VERB
cblr-14251	1010	46	with	with	ADP
cblr-14251	1010	47	respect	respect	NOUN
cblr-14251	1010	48	to	to	ADP
cblr-14251	1010	49	operationalizing	operationalize	VERB
cblr-14251	1010	50	such	such	DET
cblr-14251	1010	51	a	a	DET
cblr-14251	1010	52	test	test	NOUN
cblr-14251	1010	53	.	.	PUNCT
cblr-14251	1011	1	in	in	ADP
cblr-14251	1011	2	particular	particular	ADJ
cblr-14251	1011	3	,	,	PUNCT
cblr-14251	1011	4	defining	define	VERB
cblr-14251	1011	5	any	any	DET
cblr-14251	1011	6	given	give	VERB
cblr-14251	1011	7	market	market	NOUN
cblr-14251	1011	8	may	may	AUX
cblr-14251	1011	9	prove	prove	VERB
cblr-14251	1011	10	too	too	ADV
cblr-14251	1011	11	onerous	onerous	ADJ
cblr-14251	1011	12	,	,	PUNCT
cblr-14251	1011	13	or	or	CCONJ
cblr-14251	1011	14	be	be	AUX
cblr-14251	1011	15	mired	mire	VERB
cblr-14251	1011	16	in	in	ADP
cblr-14251	1011	17	fact	fact	NOUN
cblr-14251	1011	18	-	-	PUNCT
cblr-14251	1011	19	bound	bind	VERB
cblr-14251	1011	20	inquiries	inquiry	NOUN
cblr-14251	1011	21	that	that	PRON
cblr-14251	1011	22	render	render	VERB
cblr-14251	1011	23	the	the	DET
cblr-14251	1011	24	doctrine	doctrine	NOUN
cblr-14251	1011	25	toothless.247	toothless.247	VERB
cblr-14251	1011	26	here	here	ADV
cblr-14251	1011	27	,	,	PUNCT
cblr-14251	1011	28	it	it	PRON
cblr-14251	1011	29	is	be	AUX
cblr-14251	1011	30	also	also	ADV
cblr-14251	1011	31	worth	worth	ADJ
cblr-14251	1011	32	considering	consider	VERB
cblr-14251	1011	33	whether	whether	SCONJ
cblr-14251	1011	34	the	the	DET
cblr-14251	1011	35	concept	concept	NOUN
cblr-14251	1011	36	of	of	ADP
cblr-14251	1011	37	a	a	DET
cblr-14251	1011	38	“	"	PUNCT
cblr-14251	1011	39	reasonable	reasonable	ADJ
cblr-14251	1011	40	investor	investor	NOUN
cblr-14251	1011	41	”	"	PUNCT
cblr-14251	1011	42	itself	itself	PRON
cblr-14251	1011	43	is	be	AUX
cblr-14251	1011	44	due	due	ADJ
cblr-14251	1011	45	for	for	ADP
cblr-14251	1011	46	a	a	DET
cblr-14251	1011	47	change.248	change.248	NOUN
cblr-14251	1011	48	in	in	ADP
cblr-14251	1011	49	addition	addition	NOUN
cblr-14251	1011	50	246	246	NUM
cblr-14251	1011	51	relatedly	relatedly	ADV
cblr-14251	1011	52	,	,	PUNCT
cblr-14251	1011	53	see	see	VERB
cblr-14251	1011	54	lipton	lipton	PROPN
cblr-14251	1011	55	,	,	PUNCT
cblr-14251	1011	56	supra	supra	PROPN
cblr-14251	1011	57	note	note	PROPN
cblr-14251	1011	58	160	160	NUM
cblr-14251	1011	59	,	,	PUNCT
cblr-14251	1011	60	at	at	ADP
cblr-14251	1011	61	761	761	NUM
cblr-14251	1011	62	(	(	PUNCT
cblr-14251	1011	63	identifying	identify	VERB
cblr-14251	1011	64	variations	variation	NOUN
cblr-14251	1011	65	between	between	ADP
cblr-14251	1011	66	markets	market	NOUN
cblr-14251	1011	67	and	and	CCONJ
cblr-14251	1011	68	kinds	kind	NOUN
cblr-14251	1011	69	of	of	ADP
cblr-14251	1011	70	fraud	fraud	NOUN
cblr-14251	1011	71	and	and	CCONJ
cblr-14251	1011	72	explaining	explain	VERB
cblr-14251	1011	73	that	that	DET
cblr-14251	1011	74	efficiency	efficiency	NOUN
cblr-14251	1011	75	is	be	AUX
cblr-14251	1011	76	“	"	PUNCT
cblr-14251	1011	77	a	a	DET
cblr-14251	1011	78	matter	matter	NOUN
cblr-14251	1011	79	of	of	ADP
cblr-14251	1011	80	degree	degree	NOUN
cblr-14251	1011	81	;	;	PUNCT
cblr-14251	1011	82	securities	security	NOUN
cblr-14251	1011	83	may	may	AUX
cblr-14251	1011	84	trade	trade	VERB
cblr-14251	1011	85	in	in	ADP
cblr-14251	1011	86	robust	robust	ADJ
cblr-14251	1011	87	or	or	CCONJ
cblr-14251	1011	88	thin	thin	ADJ
cblr-14251	1011	89	markets	market	NOUN
cblr-14251	1011	90	,	,	PUNCT
cblr-14251	1011	91	and	and	CCONJ
cblr-14251	1011	92	respond	respond	VERB
cblr-14251	1011	93	with	with	ADP
cblr-14251	1011	94	more	more	ADJ
cblr-14251	1011	95	or	or	CCONJ
cblr-14251	1011	96	less	less	ADJ
cblr-14251	1011	97	alacrity	alacrity	NOUN
cblr-14251	1011	98	to	to	ADP
cblr-14251	1011	99	new	new	ADJ
cblr-14251	1011	100	information	information	NOUN
cblr-14251	1011	101	.	.	PUNCT
cblr-14251	1012	1	exceptionally	exceptionally	ADV
cblr-14251	1012	2	well	well	ADV
cblr-14251	1012	3	-	-	PUNCT
cblr-14251	1012	4	developed	develop	VERB
cblr-14251	1012	5	markets	market	NOUN
cblr-14251	1012	6	may	may	AUX
cblr-14251	1012	7	respond	respond	VERB
cblr-14251	1012	8	to	to	ADP
cblr-14251	1012	9	(	(	PUNCT
cblr-14251	1012	10	relative	relative	ADJ
cblr-14251	1012	11	)	)	PUNCT
cblr-14251	1012	12	minutiae	minutia	NOUN
cblr-14251	1012	13	,	,	PUNCT
cblr-14251	1012	14	while	while	SCONJ
cblr-14251	1012	15	even	even	ADV
cblr-14251	1012	16	highly	highly	ADV
cblr-14251	1012	17	inefficient	inefficient	ADJ
cblr-14251	1012	18	markets	market	NOUN
cblr-14251	1012	19	may	may	AUX
cblr-14251	1012	20	nonetheless	nonetheless	ADV
cblr-14251	1012	21	respond	respond	VERB
cblr-14251	1012	22	to	to	ADP
cblr-14251	1012	23	especially	especially	ADV
cblr-14251	1012	24	significant	significant	ADJ
cblr-14251	1012	25	corporate	corporate	ADJ
cblr-14251	1012	26	events	event	NOUN
cblr-14251	1012	27	”	"	PUNCT
cblr-14251	1012	28	)	)	PUNCT
cblr-14251	1012	29	.	.	PUNCT
cblr-14251	1013	1	247	247	NUM
cblr-14251	1013	2	while	while	SCONJ
cblr-14251	1013	3	a	a	DET
cblr-14251	1013	4	full	full	ADJ
cblr-14251	1013	5	treatment	treatment	NOUN
cblr-14251	1013	6	of	of	ADP
cblr-14251	1013	7	this	this	DET
cblr-14251	1013	8	possibility	possibility	NOUN
cblr-14251	1013	9	is	be	AUX
cblr-14251	1013	10	beyond	beyond	ADP
cblr-14251	1013	11	the	the	DET
cblr-14251	1013	12	scope	scope	NOUN
cblr-14251	1013	13	of	of	ADP
cblr-14251	1013	14	this	this	DET
cblr-14251	1013	15	article	article	NOUN
cblr-14251	1013	16	,	,	PUNCT
cblr-14251	1013	17	a	a	DET
cblr-14251	1013	18	few	few	ADJ
cblr-14251	1013	19	preliminary	preliminary	ADJ
cblr-14251	1013	20	considerations	consideration	NOUN
cblr-14251	1013	21	are	be	AUX
cblr-14251	1013	22	worth	worth	ADJ
cblr-14251	1013	23	noting	note	VERB
cblr-14251	1013	24	.	.	PUNCT
cblr-14251	1014	1	most	most	ADV
cblr-14251	1014	2	obviously	obviously	ADV
cblr-14251	1014	3	,	,	PUNCT
cblr-14251	1014	4	the	the	DET
cblr-14251	1014	5	“	"	PUNCT
cblr-14251	1014	6	given	give	VERB
cblr-14251	1014	7	market	market	NOUN
cblr-14251	1014	8	”	"	PUNCT
cblr-14251	1014	9	could	could	AUX
cblr-14251	1014	10	be	be	AUX
cblr-14251	1014	11	conceptualized	conceptualize	VERB
cblr-14251	1014	12	in	in	ADP
cblr-14251	1014	13	any	any	DET
cblr-14251	1014	14	number	number	NOUN
cblr-14251	1014	15	of	of	ADP
cblr-14251	1014	16	ways	way	NOUN
cblr-14251	1014	17	,	,	PUNCT
cblr-14251	1014	18	by	by	ADP
cblr-14251	1014	19	size	size	NOUN
cblr-14251	1014	20	,	,	PUNCT
cblr-14251	1014	21	by	by	ADP
cblr-14251	1014	22	market	market	NOUN
cblr-14251	1014	23	capitalization	capitalization	NOUN
cblr-14251	1014	24	,	,	PUNCT
cblr-14251	1014	25	by	by	ADP
cblr-14251	1014	26	industry	industry	NOUN
cblr-14251	1014	27	,	,	PUNCT
cblr-14251	1014	28	by	by	ADP
cblr-14251	1014	29	investment	investment	NOUN
cblr-14251	1014	30	community	community	NOUN
cblr-14251	1014	31	,	,	PUNCT
cblr-14251	1014	32	and	and	CCONJ
cblr-14251	1014	33	so	so	ADV
cblr-14251	1014	34	forth	forth	ADV
cblr-14251	1014	35	.	.	PUNCT
cblr-14251	1015	1	line	line	NOUN
cblr-14251	1015	2	-	-	PUNCT
cblr-14251	1015	3	drawing	drawing	NOUN
cblr-14251	1015	4	challenges	challenge	NOUN
cblr-14251	1015	5	will	will	AUX
cblr-14251	1015	6	abound	abound	VERB
cblr-14251	1015	7	.	.	PUNCT
cblr-14251	1016	1	relatedly	relatedly	ADV
cblr-14251	1016	2	,	,	PUNCT
cblr-14251	1016	3	on	on	ADP
cblr-14251	1016	4	whom	whom	PRON
cblr-14251	1016	5	would	would	AUX
cblr-14251	1016	6	the	the	DET
cblr-14251	1016	7	burden	burden	NOUN
cblr-14251	1016	8	rest	rest	VERB
cblr-14251	1016	9	to	to	PART
cblr-14251	1016	10	prove	prove	VERB
cblr-14251	1016	11	the	the	DET
cblr-14251	1016	12	scope	scope	NOUN
cblr-14251	1016	13	of	of	ADP
cblr-14251	1016	14	the	the	DET
cblr-14251	1016	15	relevant	relevant	ADJ
cblr-14251	1016	16	market	market	NOUN
cblr-14251	1016	17	,	,	PUNCT
cblr-14251	1016	18	and	and	CCONJ
cblr-14251	1016	19	what	what	PRON
cblr-14251	1016	20	might	might	AUX
cblr-14251	1016	21	be	be	AUX
cblr-14251	1016	22	reasonable	reasonable	ADJ
cblr-14251	1016	23	to	to	PART
cblr-14251	1016	24	believe	believe	VERB
cblr-14251	1016	25	within	within	ADP
cblr-14251	1016	26	that	that	DET
cblr-14251	1016	27	market	market	NOUN
cblr-14251	1016	28	?	?	PUNCT
cblr-14251	1017	1	and	and	CCONJ
cblr-14251	1017	2	,	,	PUNCT
cblr-14251	1017	3	would	would	AUX
cblr-14251	1017	4	this	this	PRON
cblr-14251	1017	5	showing	show	VERB
cblr-14251	1017	6	unnecessarily	unnecessarily	ADV
cblr-14251	1017	7	burden	burden	VERB
cblr-14251	1017	8	litigants	litigant	NOUN
cblr-14251	1017	9	and	and	CCONJ
cblr-14251	1017	10	courts	court	NOUN
cblr-14251	1017	11	?	?	PUNCT
cblr-14251	1018	1	on	on	ADP
cblr-14251	1018	2	the	the	DET
cblr-14251	1018	3	other	other	ADJ
cblr-14251	1018	4	hand	hand	NOUN
cblr-14251	1018	5	,	,	PUNCT
cblr-14251	1018	6	courts	court	NOUN
cblr-14251	1018	7	engage	engage	VERB
cblr-14251	1018	8	in	in	ADP
cblr-14251	1018	9	linedrawing	linedrawe	VERB
cblr-14251	1018	10	all	all	DET
cblr-14251	1018	11	the	the	DET
cblr-14251	1018	12	time	time	NOUN
cblr-14251	1018	13	.	.	PUNCT
cblr-14251	1019	1	see	see	VERB
cblr-14251	1019	2	,	,	PUNCT
cblr-14251	1019	3	e.g.	e.g.	ADV
cblr-14251	1019	4	,	,	PUNCT
cblr-14251	1019	5	hoffman	hoffman	NOUN
cblr-14251	1019	6	,	,	PUNCT
cblr-14251	1019	7	supra	supra	PROPN
cblr-14251	1019	8	note	note	NOUN
cblr-14251	1019	9	120	120	NUM
cblr-14251	1019	10	,	,	PUNCT
cblr-14251	1019	11	at	at	ADP
cblr-14251	1019	12	538	538	NUM
cblr-14251	1019	13	(	(	PUNCT
cblr-14251	1019	14	“	"	PUNCT
cblr-14251	1019	15	courts	court	NOUN
cblr-14251	1019	16	require	require	VERB
cblr-14251	1019	17	investors	investor	NOUN
cblr-14251	1019	18	to	to	PART
cblr-14251	1019	19	investigate	investigate	VERB
cblr-14251	1019	20	their	their	PRON
cblr-14251	1019	21	purchases	purchase	NOUN
cblr-14251	1019	22	,	,	PUNCT
cblr-14251	1019	23	to	to	PART
cblr-14251	1019	24	coldly	coldly	ADV
cblr-14251	1019	25	process	process	VERB
cblr-14251	1019	26	risk	risk	NOUN
cblr-14251	1019	27	,	,	PUNCT
cblr-14251	1019	28	to	to	PART
cblr-14251	1019	29	disregard	disregard	VERB
cblr-14251	1019	30	oral	oral	ADJ
cblr-14251	1019	31	statements	statement	NOUN
cblr-14251	1019	32	of	of	ADP
cblr-14251	1019	33	optimism	optimism	NOUN
cblr-14251	1019	34	,	,	PUNCT
cblr-14251	1019	35	and	and	CCONJ
cblr-14251	1019	36	in	in	ADP
cblr-14251	1019	37	general	general	ADJ
cblr-14251	1019	38	to	to	PART
cblr-14251	1019	39	be	be	AUX
cblr-14251	1019	40	economically	economically	ADV
cblr-14251	1019	41	rational	rational	ADJ
cblr-14251	1019	42	.	.	PUNCT
cblr-14251	1020	1	if	if	SCONJ
cblr-14251	1020	2	investors	investor	NOUN
cblr-14251	1020	3	fail	fail	VERB
cblr-14251	1020	4	to	to	PART
cblr-14251	1020	5	meet	meet	VERB
cblr-14251	1020	6	these	these	DET
cblr-14251	1020	7	expectations	expectation	NOUN
cblr-14251	1020	8	,	,	PUNCT
cblr-14251	1020	9	judges	judge	NOUN
cblr-14251	1020	10	deny	deny	VERB
cblr-14251	1020	11	them	they	PRON
cblr-14251	1020	12	the	the	DET
cblr-14251	1020	13	protection	protection	NOUN
cblr-14251	1020	14	of	of	ADP
cblr-14251	1020	15	the	the	DET
cblr-14251	1020	16	securities	security	NOUN
cblr-14251	1020	17	laws	law	NOUN
cblr-14251	1020	18	.	.	PUNCT
cblr-14251	1021	1	in	in	ADP
cblr-14251	1021	2	this	this	DET
cblr-14251	1021	3	way	way	NOUN
cblr-14251	1021	4	,	,	PUNCT
cblr-14251	1021	5	courts	court	NOUN
cblr-14251	1021	6	impose	impose	VERB
cblr-14251	1021	7	on	on	ADP
cblr-14251	1021	8	public	public	ADJ
cblr-14251	1021	9	securities	security	NOUN
cblr-14251	1021	10	investors	investor	NOUN
cblr-14251	1021	11	a	a	DET
cblr-14251	1021	12	special	special	ADJ
cblr-14251	1021	13	kind	kind	NOUN
cblr-14251	1021	14	of	of	ADP
cblr-14251	1021	15	legal	legal	ADJ
cblr-14251	1021	16	duty	duty	NOUN
cblr-14251	1021	17	.	.	PUNCT
cblr-14251	1021	18	”	"	PUNCT
cblr-14251	1021	19	)	)	PUNCT
cblr-14251	1021	20	.	.	PUNCT
cblr-14251	1022	1	248	248	NUM
cblr-14251	1022	2	despite	despite	SCONJ
cblr-14251	1022	3	ample	ample	ADJ
cblr-14251	1022	4	evidence	evidence	NOUN
cblr-14251	1022	5	of	of	ADP
cblr-14251	1022	6	investor	investor	NOUN
cblr-14251	1022	7	behavior	behavior	NOUN
cblr-14251	1022	8	that	that	PRON
cblr-14251	1022	9	is	be	AUX
cblr-14251	1022	10	not	not	PART
cblr-14251	1022	11	fully	fully	ADV
cblr-14251	1022	12	rational	rational	ADJ
cblr-14251	1022	13	,	,	PUNCT
cblr-14251	1022	14	the	the	DET
cblr-14251	1022	15	myth	myth	NOUN
cblr-14251	1022	16	of	of	ADP
cblr-14251	1022	17	the	the	DET
cblr-14251	1022	18	idealized	idealized	ADJ
cblr-14251	1022	19	,	,	PUNCT
cblr-14251	1022	20	rational	rational	ADJ
cblr-14251	1022	21	reasonable	reasonable	ADJ
cblr-14251	1022	22	investor	investor	NOUN
cblr-14251	1022	23	persists	persist	VERB
cblr-14251	1022	24	.	.	PUNCT
cblr-14251	1023	1	see	see	VERB
cblr-14251	1023	2	,	,	PUNCT
cblr-14251	1023	3	e.g.	e.g.	ADV
cblr-14251	1023	4	,	,	PUNCT
cblr-14251	1023	5	michael	michael	PROPN
cblr-14251	1023	6	j.	j.	PROPN
cblr-14251	1023	7	kaufman	kaufman	PROPN
cblr-14251	1023	8	,	,	PUNCT
cblr-14251	1023	9	foreword	foreword	PROPN
cblr-14251	1023	10	:	:	PUNCT
cblr-14251	1023	11	behavioral	behavioral	ADJ
cblr-14251	1023	12	economics	economic	NOUN
cblr-14251	1023	13	and	and	CCONJ
cblr-14251	1023	14	investor	investor	NOUN
cblr-14251	1023	15	protection	protection	NOUN
cblr-14251	1023	16	,	,	PUNCT
cblr-14251	1023	17	44	44	NUM
cblr-14251	1023	18	loy	loy	NOUN
cblr-14251	1023	19	.	.	PUNCT
cblr-14251	1024	1	u.	u.	PROPN
cblr-14251	1024	2	chi	chi	PROPN
cblr-14251	1024	3	.	.	PUNCT
cblr-14251	1025	1	l.j	l.j	PROPN
cblr-14251	1025	2	.	.	PROPN
cblr-14251	1025	3	1323	1323	NUM
cblr-14251	1025	4	,	,	PUNCT
cblr-14251	1025	5	1325	1325	NUM
cblr-14251	1025	6	(	(	PUNCT
cblr-14251	1025	7	2013	2013	NUM
cblr-14251	1025	8	)	)	PUNCT
cblr-14251	1025	9	(	(	PUNCT
cblr-14251	1025	10	“	"	PUNCT
cblr-14251	1025	11	despite	despite	SCONJ
cblr-14251	1025	12	[	[	X
cblr-14251	1025	13	daniel	daniel	PROPN
cblr-14251	1025	14	]	]	PUNCT
cblr-14251	1025	15	kahneman	kahneman	PROPN
cblr-14251	1025	16	’s	’s	PART
cblr-14251	1025	17	transformative	transformative	ADJ
cblr-14251	1025	18	research	research	NOUN
cblr-14251	1025	19	,	,	PUNCT
cblr-14251	1025	20	however	however	ADV
cblr-14251	1025	21	,	,	PUNCT
cblr-14251	1025	22	the	the	DET
cblr-14251	1025	23	presumption	presumption	NOUN
cblr-14251	1025	24	that	that	SCONJ
cblr-14251	1025	25	individuals	individual	NOUN
cblr-14251	1025	26	are	be	AUX
cblr-14251	1025	27	rational	rational	ADJ
cblr-14251	1025	28	utility	utility	NOUN
cblr-14251	1025	29	-	-	PUNCT
cblr-14251	1025	30	maximizers	maximizer	NOUN
cblr-14251	1025	31	still	still	ADV
cblr-14251	1025	32	permeates	permeate	VERB
cblr-14251	1025	33	the	the	DET
cblr-14251	1025	34	law	law	NOUN
cblr-14251	1025	35	and	and	CCONJ
cblr-14251	1025	36	policy	policy	NOUN
cblr-14251	1025	37	governing	govern	VERB
cblr-14251	1025	38	the	the	DET
cblr-14251	1025	39	protection	protection	NOUN
cblr-14251	1025	40	of	of	ADP
cblr-14251	1025	41	investors	investor	NOUN
cblr-14251	1025	42	from	from	ADP
cblr-14251	1025	43	securities	security	NOUN
cblr-14251	1025	44	fraud	fraud	NOUN
cblr-14251	1025	45	.	.	PUNCT
cblr-14251	1025	46	”	"	PUNCT
cblr-14251	1025	47	)	)	PUNCT
cblr-14251	1025	48	;	;	PUNCT
cblr-14251	1025	49	cynthia	cynthia	PROPN
cblr-14251	1025	50	a.	a.	PROPN
cblr-14251	1025	51	williams	williams	PROPN
cblr-14251	1025	52	,	,	PUNCT
cblr-14251	1025	53	the	the	DET
cblr-14251	1025	54	securities	securities	PROPN
cblr-14251	1025	55	and	and	CCONJ
cblr-14251	1025	56	exchange	exchange	PROPN
cblr-14251	1025	57	commission	commission	PROPN
cblr-14251	1025	58	and	and	CCONJ
cblr-14251	1025	59	corporate	corporate	ADJ
cblr-14251	1025	60	social	social	ADJ
cblr-14251	1025	61	transparency	transparency	NOUN
cblr-14251	1025	62	,	,	PUNCT
cblr-14251	1025	63	112	112	NUM
cblr-14251	1025	64	harv	harv	NOUN
cblr-14251	1025	65	.	.	PUNCT
cblr-14251	1026	1	l.	l.	PROPN
cblr-14251	1026	2	rev	rev	PROPN
cblr-14251	1026	3	.	.	PROPN
cblr-14251	1026	4	1197	1197	NUM
cblr-14251	1026	5	,	,	PUNCT
cblr-14251	1026	6	1251	1251	NUM
cblr-14251	1026	7	(	(	PUNCT
cblr-14251	1026	8	1999	1999	NUM
cblr-14251	1026	9	)	)	PUNCT
cblr-14251	1026	10	(	(	PUNCT
cblr-14251	1026	11	explaining	explain	VERB
cblr-14251	1026	12	that	that	SCONJ
cblr-14251	1026	13	in	in	ADP
cblr-14251	1026	14	the	the	DET
cblr-14251	1026	15	1970s	1970	NOUN
cblr-14251	1026	16	,	,	PUNCT
cblr-14251	1026	17	the	the	DET
cblr-14251	1026	18	sec	sec	PROPN
cblr-14251	1026	19	“	"	PUNCT
cblr-14251	1026	20	concluded	conclude	VERB
cblr-14251	1026	21	that	that	SCONJ
cblr-14251	1026	22	because	because	SCONJ
cblr-14251	1026	23	the	the	DET
cblr-14251	1026	24	primary	primary	ADJ
cblr-14251	1026	25	reason	reason	NOUN
cblr-14251	1026	26	for	for	ADP
cblr-14251	1026	27	investing	investing	NOUN
cblr-14251	1026	28	is	be	AUX
cblr-14251	1026	29	to	to	PART
cblr-14251	1026	30	receive	receive	VERB
cblr-14251	1026	31	an	an	DET
cblr-14251	1026	32	economic	economic	ADJ
cblr-14251	1026	33	return	return	NOUN
cblr-14251	1026	34	,	,	PUNCT
cblr-14251	1026	35	investors	investor	NOUN
cblr-14251	1026	36	were	be	AUX
cblr-14251	1026	37	primarily	primarily	ADV
cblr-14251	1026	38	concerned	concerned	ADJ
cblr-14251	1026	39	with	with	ADP
cblr-14251	1026	40	economic	economic	ADJ
cblr-14251	1026	41	,	,	PUNCT
cblr-14251	1026	42	not	not	PART
cblr-14251	1026	43	social	social	ADJ
cblr-14251	1026	44	,	,	PUNCT
cblr-14251	1026	45	issues	issue	NOUN
cblr-14251	1026	46	in	in	ADP
cblr-14251	1026	47	making	make	VERB
cblr-14251	1026	48	298	298	NUM
cblr-14251	1026	49	columbia	columbia	PROPN
cblr-14251	1026	50	business	business	NOUN
cblr-14251	1026	51	law	law	PROPN
cblr-14251	1026	52	review	review	NOUN
cblr-14251	1026	53	[	[	X
cblr-14251	1026	54	vol	vol	NOUN
cblr-14251	1026	55	.	.	PUNCT
cblr-14251	1026	56	2025	2025	NUM
cblr-14251	1026	57	to	to	ADP
cblr-14251	1026	58	being	be	AUX
cblr-14251	1026	59	an	an	DET
cblr-14251	1026	60	elusive	elusive	ADJ
cblr-14251	1026	61	and	and	CCONJ
cblr-14251	1026	62	controversial	controversial	ADJ
cblr-14251	1026	63	figure	figure	NOUN
cblr-14251	1026	64	,	,	PUNCT
cblr-14251	1026	65	the	the	DET
cblr-14251	1026	66	concept	concept	NOUN
cblr-14251	1026	67	of	of	ADP
cblr-14251	1026	68	the	the	DET
cblr-14251	1026	69	reasonable	reasonable	ADJ
cblr-14251	1026	70	investor	investor	NOUN
cblr-14251	1026	71	may	may	AUX
cblr-14251	1026	72	also	also	ADV
cblr-14251	1026	73	be	be	AUX
cblr-14251	1026	74	an	an	DET
cblr-14251	1026	75	evolving	evolve	VERB
cblr-14251	1026	76	one.249	one.249	NOUN
cblr-14251	1026	77	traditionally	traditionally	ADV
cblr-14251	1026	78	expressed	express	VERB
cblr-14251	1026	79	as	as	ADP
cblr-14251	1026	80	a	a	DET
cblr-14251	1026	81	relatively	relatively	ADV
cblr-14251	1026	82	financially	financially	ADV
cblr-14251	1026	83	sophisticated	sophisticated	ADJ
cblr-14251	1026	84	and	and	CCONJ
cblr-14251	1026	85	generally	generally	ADV
cblr-14251	1026	86	rational	rational	ADJ
cblr-14251	1026	87	investor	investor	NOUN
cblr-14251	1026	88	who	who	PRON
cblr-14251	1026	89	primarily	primarily	ADV
cblr-14251	1026	90	invests	invest	VERB
cblr-14251	1026	91	to	to	PART
cblr-14251	1026	92	achieve	achieve	VERB
cblr-14251	1026	93	a	a	DET
cblr-14251	1026	94	specific	specific	ADJ
cblr-14251	1026	95	financial	financial	ADJ
cblr-14251	1026	96	risk	risk	NOUN
cblr-14251	1026	97	and	and	CCONJ
cblr-14251	1026	98	return	return	NOUN
cblr-14251	1026	99	profile,250	profile,250	PROPN
cblr-14251	1026	100	today	today	NOUN
cblr-14251	1026	101	’s	’s	PART
cblr-14251	1026	102	reasonable	reasonable	ADJ
cblr-14251	1026	103	investor	investor	NOUN
cblr-14251	1026	104	may	may	AUX
cblr-14251	1026	105	expressly	expressly	ADV
cblr-14251	1026	106	consider	consider	VERB
cblr-14251	1026	107	social	social	ADJ
cblr-14251	1026	108	and	and	CCONJ
cblr-14251	1026	109	environmental	environmental	ADJ
cblr-14251	1026	110	concerns	concern	NOUN
cblr-14251	1026	111	,	,	PUNCT
cblr-14251	1026	112	cultural	cultural	ADJ
cblr-14251	1026	113	or	or	CCONJ
cblr-14251	1026	114	entertainment	entertainment	NOUN
cblr-14251	1026	115	value	value	NOUN
cblr-14251	1026	116	,	,	PUNCT
cblr-14251	1026	117	political	political	ADJ
cblr-14251	1026	118	relevance	relevance	NOUN
cblr-14251	1026	119	,	,	PUNCT
cblr-14251	1026	120	or	or	CCONJ
cblr-14251	1026	121	the	the	DET
cblr-14251	1026	122	expressive	expressive	ADJ
cblr-14251	1026	123	nature	nature	NOUN
cblr-14251	1026	124	of	of	ADP
cblr-14251	1026	125	their	their	PRON
cblr-14251	1026	126	investment	investment	NOUN
cblr-14251	1026	127	decisions	decision	NOUN
cblr-14251	1026	128	—	—	PUNCT
cblr-14251	1026	129	in	in	ADP
cblr-14251	1026	130	lieu	lieu	NOUN
cblr-14251	1026	131	of	of	ADP
cblr-14251	1026	132	or	or	CCONJ
cblr-14251	1026	133	in	in	ADP
cblr-14251	1026	134	addition	addition	NOUN
cblr-14251	1026	135	to	to	ADP
cblr-14251	1026	136	seeking	seek	VERB
cblr-14251	1026	137	financial	financial	ADJ
cblr-14251	1026	138	returns.251	returns.251	NOUN
cblr-14251	1026	139	in	in	ADP
cblr-14251	1026	140	considering	consider	VERB
cblr-14251	1026	141	the	the	DET
cblr-14251	1026	142	relevance	relevance	NOUN
cblr-14251	1026	143	of	of	ADP
cblr-14251	1026	144	esg	esg	PROPN
cblr-14251	1026	145	disclosure	disclosure	NOUN
cblr-14251	1026	146	,	,	PUNCT
cblr-14251	1026	147	for	for	ADP
cblr-14251	1026	148	example	example	NOUN
cblr-14251	1026	149	,	,	PUNCT
cblr-14251	1026	150	others	other	NOUN
cblr-14251	1026	151	have	have	AUX
cblr-14251	1026	152	argued	argue	VERB
cblr-14251	1026	153	that	that	SCONJ
cblr-14251	1026	154	a	a	DET
cblr-14251	1026	155	“	"	PUNCT
cblr-14251	1026	156	widening	widen	VERB
cblr-14251	1026	157	rift	rift	NOUN
cblr-14251	1026	158	between	between	ADP
cblr-14251	1026	159	this	this	DET
cblr-14251	1026	160	reasonable	reasonable	ADJ
cblr-14251	1026	161	investor	investor	NOUN
cblr-14251	1026	162	archetype	archetype	NOUN
cblr-14251	1026	163	and	and	CCONJ
cblr-14251	1026	164	contemporary	contemporary	ADJ
cblr-14251	1026	165	investors	investor	NOUN
cblr-14251	1026	166	who	who	PRON
cblr-14251	1026	167	make	make	VERB
cblr-14251	1026	168	demands	demand	NOUN
cblr-14251	1026	169	for	for	ADP
cblr-14251	1026	170	and	and	CCONJ
cblr-14251	1026	171	rely	rely	VERB
cblr-14251	1026	172	on	on	ADP
cblr-14251	1026	173	nonfinancial	nonfinancial	ADJ
cblr-14251	1026	174	information	information	NOUN
cblr-14251	1026	175	,	,	PUNCT
cblr-14251	1026	176	including	include	VERB
cblr-14251	1026	177	corporate	corporate	ADJ
cblr-14251	1026	178	esg	esg	NOUN
cblr-14251	1026	179	performance	performance	NOUN
cblr-14251	1026	180	,	,	PUNCT
cblr-14251	1026	181	challenges	challenge	VERB
cblr-14251	1026	182	doctrinal	doctrinal	ADJ
cblr-14251	1026	183	precedent	precedent	NOUN
cblr-14251	1026	184	that	that	PRON
cblr-14251	1026	185	deems	deem	VERB
cblr-14251	1026	186	nonfinancial	nonfinancial	ADJ
cblr-14251	1026	187	esg	esg	NOUN
cblr-14251	1026	188	disclosures	disclosure	NOUN
cblr-14251	1026	189	to	to	PART
cblr-14251	1026	190	be	be	AUX
cblr-14251	1026	191	immaterial	immaterial	ADJ
cblr-14251	1026	192	.	.	PUNCT
cblr-14251	1026	193	”252	”252	PUNCT
cblr-14251	1027	1	as	as	SCONJ
cblr-14251	1027	2	investors	investor	NOUN
cblr-14251	1027	3	increasingly	increasingly	ADV
cblr-14251	1027	4	make	make	VERB
cblr-14251	1027	5	decisions	decision	NOUN
cblr-14251	1027	6	based	base	VERB
cblr-14251	1027	7	on	on	ADP
cblr-14251	1027	8	individual	individual	ADJ
cblr-14251	1027	9	demand	demand	NOUN
cblr-14251	1027	10	factors	factor	NOUN
cblr-14251	1027	11	,	,	PUNCT
cblr-14251	1027	12	those	those	DET
cblr-14251	1027	13	demand	demand	NOUN
cblr-14251	1027	14	factors	factor	NOUN
cblr-14251	1027	15	will	will	AUX
cblr-14251	1027	16	increasingly	increasingly	ADV
cblr-14251	1027	17	be	be	AUX
cblr-14251	1027	18	important	important	ADJ
cblr-14251	1027	19	to	to	ADP
cblr-14251	1027	20	an	an	DET
cblr-14251	1027	21	updated	update	VERB
cblr-14251	1027	22	,	,	PUNCT
cblr-14251	1027	23	contemporary	contemporary	ADJ
cblr-14251	1027	24	investment	investment	NOUN
cblr-14251	1027	25	decisions	decision	NOUN
cblr-14251	1027	26	.	.	PUNCT
cblr-14251	1028	1	as	as	ADP
cblr-14251	1028	2	a	a	DET
cblr-14251	1028	3	result	result	NOUN
cblr-14251	1028	4	,	,	PUNCT
cblr-14251	1028	5	the	the	DET
cblr-14251	1028	6	sec	sec	PROPN
cblr-14251	1028	7	determined	determine	VERB
cblr-14251	1028	8	that	that	SCONJ
cblr-14251	1028	9	it	it	PRON
cblr-14251	1028	10	would	would	AUX
cblr-14251	1028	11	continue	continue	VERB
cblr-14251	1028	12	to	to	PART
cblr-14251	1028	13	rely	rely	VERB
cblr-14251	1028	14	upon	upon	SCONJ
cblr-14251	1028	15	an	an	DET
cblr-14251	1028	16	economic	economic	ADJ
cblr-14251	1028	17	understanding	understanding	NOUN
cblr-14251	1028	18	of	of	ADP
cblr-14251	1028	19	materiality	materiality	NOUN
cblr-14251	1028	20	in	in	ADP
cblr-14251	1028	21	weighing	weigh	VERB
cblr-14251	1028	22	disclosure	disclosure	NOUN
cblr-14251	1028	23	proposals	proposal	NOUN
cblr-14251	1028	24	.	.	PUNCT
cblr-14251	1028	25	”	"	PUNCT
cblr-14251	1028	26	)	)	PUNCT
cblr-14251	1028	27	.	.	PUNCT
cblr-14251	1029	1	249	249	NUM
cblr-14251	1029	2	see	see	VERB
cblr-14251	1029	3	heminway	heminway	NOUN
cblr-14251	1029	4	,	,	PUNCT
cblr-14251	1029	5	esg	esg	PROPN
cblr-14251	1029	6	and	and	CCONJ
cblr-14251	1029	7	insider	insider	NOUN
cblr-14251	1029	8	trading	trading	NOUN
cblr-14251	1029	9	,	,	PUNCT
cblr-14251	1029	10	supra	supra	PROPN
cblr-14251	1029	11	note	note	PROPN
cblr-14251	1029	12	199	199	NUM
cblr-14251	1029	13	,	,	PUNCT
cblr-14251	1029	14	at	at	ADP
cblr-14251	1029	15	1074–76	1074–76	NOUN
cblr-14251	1029	16	;	;	PUNCT
cblr-14251	1029	17	heminway	heminway	NOUN
cblr-14251	1029	18	,	,	PUNCT
cblr-14251	1029	19	the	the	DET
cblr-14251	1029	20	materiality	materiality	NOUN
cblr-14251	1029	21	of	of	ADP
cblr-14251	1029	22	esg	esg	PROPN
cblr-14251	1029	23	information	information	NOUN
cblr-14251	1029	24	:	:	PUNCT
cblr-14251	1029	25	why	why	SCONJ
cblr-14251	1029	26	it	it	PRON
cblr-14251	1029	27	may	may	AUX
cblr-14251	1029	28	matter	matter	VERB
cblr-14251	1029	29	,	,	PUNCT
cblr-14251	1029	30	supra	supra	PROPN
cblr-14251	1029	31	note	note	VERB
cblr-14251	1029	32	199	199	NUM
cblr-14251	1029	33	at	at	ADP
cblr-14251	1029	34	1394	1394	NUM
cblr-14251	1029	35	(	(	PUNCT
cblr-14251	1029	36	“	"	PUNCT
cblr-14251	1029	37	investor	investor	NOUN
cblr-14251	1029	38	profiles	profile	NOUN
cblr-14251	1029	39	are	be	AUX
cblr-14251	1029	40	not	not	PART
cblr-14251	1029	41	static	static	ADJ
cblr-14251	1029	42	.	.	PUNCT
cblr-14251	1029	43	”	"	PUNCT
cblr-14251	1029	44	)	)	PUNCT
cblr-14251	1029	45	.	.	PUNCT
cblr-14251	1030	1	250	250	NUM
cblr-14251	1030	2	see	see	VERB
cblr-14251	1030	3	,	,	PUNCT
cblr-14251	1030	4	e.g.	e.g.	ADV
cblr-14251	1030	5	,	,	PUNCT
cblr-14251	1030	6	lin	lin	PROPN
cblr-14251	1030	7	,	,	PUNCT
cblr-14251	1030	8	reasonable	reasonable	ADJ
cblr-14251	1030	9	investor(s	investor(s	NOUN
cblr-14251	1030	10	)	)	PUNCT
cblr-14251	1030	11	,	,	PUNCT
cblr-14251	1030	12	supra	supra	PROPN
cblr-14251	1030	13	note	note	PROPN
cblr-14251	1030	14	117	117	NUM
cblr-14251	1030	15	,	,	PUNCT
cblr-14251	1030	16	at	at	ADP
cblr-14251	1030	17	467	467	NUM
cblr-14251	1030	18	(	(	PUNCT
cblr-14251	1030	19	describing	describe	VERB
cblr-14251	1030	20	the	the	DET
cblr-14251	1030	21	attributes	attribute	NOUN
cblr-14251	1030	22	of	of	ADP
cblr-14251	1030	23	the	the	DET
cblr-14251	1030	24	paradigmatic	paradigmatic	ADJ
cblr-14251	1030	25	reasonable	reasonable	ADJ
cblr-14251	1030	26	investor	investor	NOUN
cblr-14251	1030	27	,	,	PUNCT
cblr-14251	1030	28	who	who	PRON
cblr-14251	1030	29	“	"	PUNCT
cblr-14251	1030	30	is	be	AUX
cblr-14251	1030	31	generally	generally	ADV
cblr-14251	1030	32	understood	understand	VERB
cblr-14251	1030	33	to	to	PART
cblr-14251	1030	34	be	be	AUX
cblr-14251	1030	35	the	the	DET
cblr-14251	1030	36	idealized	idealized	ADJ
cblr-14251	1030	37	,	,	PUNCT
cblr-14251	1030	38	perfectly	perfectly	ADV
cblr-14251	1030	39	rational	rational	ADJ
cblr-14251	1030	40	actor	actor	NOUN
cblr-14251	1030	41	of	of	ADP
cblr-14251	1030	42	neoclassical	neoclassical	ADJ
cblr-14251	1030	43	economics	economic	NOUN
cblr-14251	1030	44	.	.	PUNCT
cblr-14251	1031	1	the	the	DET
cblr-14251	1031	2	reasonable	reasonable	ADJ
cblr-14251	1031	3	investor	investor	NOUN
cblr-14251	1031	4	is	be	AUX
cblr-14251	1031	5	presumed	presume	VERB
cblr-14251	1031	6	to	to	PART
cblr-14251	1031	7	operate	operate	VERB
cblr-14251	1031	8	rationally	rationally	ADV
cblr-14251	1031	9	to	to	PART
cblr-14251	1031	10	maximize	maximize	VERB
cblr-14251	1031	11	returns	return	NOUN
cblr-14251	1031	12	in	in	ADP
cblr-14251	1031	13	the	the	DET
cblr-14251	1031	14	marketplace	marketplace	NOUN
cblr-14251	1031	15	.	.	PUNCT
cblr-14251	1032	1	prior	prior	ADV
cblr-14251	1032	2	to	to	ADP
cblr-14251	1032	3	making	make	VERB
cblr-14251	1032	4	investment	investment	NOUN
cblr-14251	1032	5	decisions	decision	NOUN
cblr-14251	1032	6	,	,	PUNCT
cblr-14251	1032	7	the	the	DET
cblr-14251	1032	8	reasonable	reasonable	ADJ
cblr-14251	1032	9	investor	investor	NOUN
cblr-14251	1032	10	is	be	AUX
cblr-14251	1032	11	capable	capable	ADJ
cblr-14251	1032	12	of	of	ADP
cblr-14251	1032	13	reading	read	VERB
cblr-14251	1032	14	and	and	CCONJ
cblr-14251	1032	15	comprehending	comprehend	VERB
cblr-14251	1032	16	all	all	DET
cblr-14251	1032	17	the	the	DET
cblr-14251	1032	18	noise	noise	NOUN
cblr-14251	1032	19	and	and	CCONJ
cblr-14251	1032	20	signals	signal	NOUN
cblr-14251	1032	21	in	in	ADP
cblr-14251	1032	22	the	the	DET
cblr-14251	1032	23	marketplace	marketplace	NOUN
cblr-14251	1032	24	that	that	PRON
cblr-14251	1032	25	encapsulate	encapsulate	VERB
cblr-14251	1032	26	formal	formal	ADJ
cblr-14251	1032	27	disclosures	disclosure	NOUN
cblr-14251	1032	28	,	,	PUNCT
cblr-14251	1032	29	economic	economic	ADJ
cblr-14251	1032	30	data	datum	NOUN
cblr-14251	1032	31	,	,	PUNCT
cblr-14251	1032	32	market	market	NOUN
cblr-14251	1032	33	trends	trend	NOUN
cblr-14251	1032	34	,	,	PUNCT
cblr-14251	1032	35	senseless	senseless	ADJ
cblr-14251	1032	36	speculation	speculation	NOUN
cblr-14251	1032	37	,	,	PUNCT
cblr-14251	1032	38	and	and	CCONJ
cblr-14251	1032	39	irresponsible	irresponsible	ADJ
cblr-14251	1032	40	rumors	rumor	NOUN
cblr-14251	1032	41	.	.	PUNCT
cblr-14251	1032	42	”	"	PUNCT
cblr-14251	1032	43	)	)	PUNCT
cblr-14251	1032	44	.	.	PUNCT
cblr-14251	1033	1	251	251	NUM
cblr-14251	1033	2	see	see	VERB
cblr-14251	1033	3	supra	supra	PROPN
cblr-14251	1033	4	section	section	PROPN
cblr-14251	1033	5	i.	i.	PROPN
cblr-14251	1033	6	252	252	NUM
cblr-14251	1033	7	saad	saad	PROPN
cblr-14251	1033	8	&	&	CCONJ
cblr-14251	1033	9	strauss	strauss	PROPN
cblr-14251	1033	10	,	,	PUNCT
cblr-14251	1033	11	supra	supra	PROPN
cblr-14251	1033	12	note	note	PROPN
cblr-14251	1033	13	164	164	NUM
cblr-14251	1033	14	,	,	PUNCT
cblr-14251	1033	15	at	at	ADP
cblr-14251	1033	16	400	400	NUM
cblr-14251	1033	17	.	.	PUNCT
cblr-14251	1034	1	see	see	VERB
cblr-14251	1034	2	also	also	ADV
cblr-14251	1034	3	stefan	stefan	PROPN
cblr-14251	1034	4	j.	j.	PROPN
cblr-14251	1034	5	padfield	padfield	PROPN
cblr-14251	1034	6	,	,	PUNCT
cblr-14251	1034	7	is	be	AUX
cblr-14251	1034	8	puffery	puffery	NOUN
cblr-14251	1034	9	material	material	NOUN
cblr-14251	1034	10	to	to	ADP
cblr-14251	1034	11	investors	investor	NOUN
cblr-14251	1034	12	?	?	PUNCT
cblr-14251	1035	1	maybe	maybe	ADV
cblr-14251	1035	2	we	we	PRON
cblr-14251	1035	3	should	should	AUX
cblr-14251	1035	4	ask	ask	VERB
cblr-14251	1035	5	them	they	PRON
cblr-14251	1035	6	,	,	PUNCT
cblr-14251	1035	7	10	10	NUM
cblr-14251	1035	8	u.	u.	PROPN
cblr-14251	1035	9	pa	pa	PROPN
cblr-14251	1035	10	.	.	PUNCT
cblr-14251	1036	1	j.	j.	PROPN
cblr-14251	1036	2	bus	bus	PROPN
cblr-14251	1036	3	.	.	PROPN
cblr-14251	1036	4	&	&	CCONJ
cblr-14251	1036	5	emp	emp	PROPN
cblr-14251	1036	6	.	.	PUNCT
cblr-14251	1037	1	l.	l.	PROPN
cblr-14251	1037	2	339	339	NUM
cblr-14251	1037	3	(	(	PUNCT
cblr-14251	1037	4	2008	2008	NUM
cblr-14251	1037	5	)	)	PUNCT
cblr-14251	1038	1	(	(	PUNCT
cblr-14251	1038	2	reporting	report	VERB
cblr-14251	1038	3	that	that	SCONJ
cblr-14251	1038	4	when	when	SCONJ
cblr-14251	1038	5	asked	ask	VERB
cblr-14251	1038	6	about	about	ADP
cblr-14251	1038	7	statements	statement	NOUN
cblr-14251	1038	8	that	that	SCONJ
cblr-14251	1038	9	courts	court	NOUN
cblr-14251	1038	10	had	have	AUX
cblr-14251	1038	11	determined	determine	VERB
cblr-14251	1038	12	to	to	PART
cblr-14251	1038	13	be	be	AUX
cblr-14251	1038	14	immaterial	immaterial	ADJ
cblr-14251	1038	15	puffery	puffery	NOUN
cblr-14251	1038	16	,	,	PUNCT
cblr-14251	1038	17	between	between	ADP
cblr-14251	1038	18	33	33	NUM
cblr-14251	1038	19	%	%	NOUN
cblr-14251	1038	20	and	and	CCONJ
cblr-14251	1038	21	84	84	NUM
cblr-14251	1038	22	%	%	NOUN
cblr-14251	1038	23	of	of	ADP
cblr-14251	1038	24	surveyed	survey	VERB
cblr-14251	1038	25	investors	investor	NOUN
cblr-14251	1038	26	believed	believe	VERB
cblr-14251	1038	27	the	the	DET
cblr-14251	1038	28	statements	statement	NOUN
cblr-14251	1038	29	to	to	PART
cblr-14251	1038	30	be	be	AUX
cblr-14251	1038	31	material	material	NOUN
cblr-14251	1038	32	)	)	PUNCT
cblr-14251	1038	33	.	.	PUNCT
cblr-14251	1039	1	no	no	INTJ
cblr-14251	1039	2	.	.	NOUN
cblr-14251	1039	3	1	1	NUM
cblr-14251	1039	4	]	]	PUNCT
cblr-14251	1039	5	securities	security	NOUN
cblr-14251	1039	6	fraud	fraud	NOUN
cblr-14251	1039	7	and	and	CCONJ
cblr-14251	1039	8	the	the	DET
cblr-14251	1039	9	market	market	NOUN
cblr-14251	1039	10	for	for	ADP
cblr-14251	1039	11	individual	individual	ADJ
cblr-14251	1039	12	stocks	stock	NOUN
cblr-14251	1039	13	299	299	NUM
cblr-14251	1039	14	version	version	NOUN
cblr-14251	1039	15	of	of	ADP
cblr-14251	1039	16	the	the	DET
cblr-14251	1039	17	“	"	PUNCT
cblr-14251	1039	18	reasonable	reasonable	ADJ
cblr-14251	1039	19	investor	investor	NOUN
cblr-14251	1039	20	.	.	PUNCT
cblr-14251	1040	1	”253	”253	X
cblr-14251	1041	1	as	as	SCONJ
cblr-14251	1041	2	such	such	ADJ
cblr-14251	1041	3	,	,	PUNCT
cblr-14251	1041	4	non	non	ADJ
cblr-14251	1041	5	-	-	ADJ
cblr-14251	1041	6	financial	financial	ADJ
cblr-14251	1041	7	,	,	PUNCT
cblr-14251	1041	8	demand	demand	NOUN
cblr-14251	1041	9	-	-	PUNCT
cblr-14251	1041	10	driven	drive	VERB
cblr-14251	1041	11	factors	factor	NOUN
cblr-14251	1041	12	may	may	AUX
cblr-14251	1041	13	be	be	AUX
cblr-14251	1041	14	contemplated	contemplate	VERB
cblr-14251	1041	15	to	to	PART
cblr-14251	1041	16	fall	fall	VERB
cblr-14251	1041	17	reasonably	reasonably	ADV
cblr-14251	1041	18	within	within	ADP
cblr-14251	1041	19	the	the	DET
cblr-14251	1041	20	context	context	NOUN
cblr-14251	1041	21	-	-	PUNCT
cblr-14251	1041	22	dependent	dependent	ADJ
cblr-14251	1041	23	,	,	PUNCT
cblr-14251	1041	24	fact	fact	NOUN
cblr-14251	1041	25	-	-	PUNCT
cblr-14251	1041	26	specific	specific	ADJ
cblr-14251	1041	27	nature	nature	NOUN
cblr-14251	1041	28	of	of	ADP
cblr-14251	1041	29	the	the	DET
cblr-14251	1041	30	materiality	materiality	NOUN
cblr-14251	1041	31	inquiry,254	inquiry,254	ADV
cblr-14251	1041	32	which	which	PRON
cblr-14251	1041	33	involves	involve	VERB
cblr-14251	1041	34	“	"	PUNCT
cblr-14251	1041	35	delicate	delicate	ADJ
cblr-14251	1041	36	assessments	assessment	NOUN
cblr-14251	1041	37	”	"	PUNCT
cblr-14251	1041	38	of	of	ADP
cblr-14251	1041	39	how	how	SCONJ
cblr-14251	1041	40	information	information	NOUN
cblr-14251	1041	41	would	would	AUX
cblr-14251	1041	42	be	be	AUX
cblr-14251	1041	43	interpreted	interpret	VERB
cblr-14251	1041	44	by	by	ADP
cblr-14251	1041	45	a	a	DET
cblr-14251	1041	46	reasonable	reasonable	ADJ
cblr-14251	1041	47	investor.255	investor.255	NOUN
cblr-14251	1041	48	thus	thus	ADV
cblr-14251	1041	49	,	,	PUNCT
cblr-14251	1041	50	rather	rather	ADV
cblr-14251	1041	51	than	than	ADP
cblr-14251	1041	52	hewing	hew	VERB
cblr-14251	1041	53	to	to	ADP
cblr-14251	1041	54	the	the	DET
cblr-14251	1041	55	idea	idea	NOUN
cblr-14251	1041	56	of	of	ADP
cblr-14251	1041	57	a	a	DET
cblr-14251	1041	58	homogenous	homogenous	ADJ
cblr-14251	1041	59	,	,	PUNCT
cblr-14251	1041	60	rational	rational	ADJ
cblr-14251	1041	61	investor	investor	NOUN
cblr-14251	1041	62	,	,	PUNCT
cblr-14251	1041	63	separating	separate	VERB
cblr-14251	1041	64	out	out	ADP
cblr-14251	1041	65	different	different	ADJ
cblr-14251	1041	66	types	type	NOUN
cblr-14251	1041	67	of	of	ADP
cblr-14251	1041	68	investors	investor	NOUN
cblr-14251	1041	69	may	may	AUX
cblr-14251	1041	70	be	be	AUX
cblr-14251	1041	71	worthwhile	worthwhile	ADJ
cblr-14251	1041	72	.	.	PUNCT
cblr-14251	1042	1	for	for	ADP
cblr-14251	1042	2	example	example	NOUN
cblr-14251	1042	3	,	,	PUNCT
cblr-14251	1042	4	i	i	PRON
cblr-14251	1042	5	have	have	AUX
cblr-14251	1042	6	proposed	propose	VERB
cblr-14251	1042	7	the	the	DET
cblr-14251	1042	8	idea	idea	NOUN
cblr-14251	1042	9	of	of	ADP
cblr-14251	1042	10	the	the	DET
cblr-14251	1042	11	“	"	PUNCT
cblr-14251	1042	12	reasonable	reasonable	ADJ
cblr-14251	1042	13	retail	retail	ADJ
cblr-14251	1042	14	investor	investor	NOUN
cblr-14251	1042	15	”	"	PUNCT
cblr-14251	1042	16	elsewhere	elsewhere	ADV
cblr-14251	1042	17	,	,	PUNCT
cblr-14251	1042	18	which	which	PRON
cblr-14251	1042	19	accounts	account	VERB
cblr-14251	1042	20	for	for	ADP
cblr-14251	1042	21	a	a	DET
cblr-14251	1042	22	contemporary	contemporary	ADJ
cblr-14251	1042	23	retail	retail	ADJ
cblr-14251	1042	24	investor	investor	NOUN
cblr-14251	1042	25	’s	’s	PART
cblr-14251	1042	26	greater	great	ADJ
cblr-14251	1042	27	likelihood	likelihood	NOUN
cblr-14251	1042	28	of	of	ADP
cblr-14251	1042	29	relying	rely	VERB
cblr-14251	1042	30	on	on	ADP
cblr-14251	1042	31	social	social	ADJ
cblr-14251	1042	32	media	medium	NOUN
cblr-14251	1042	33	and	and	CCONJ
cblr-14251	1042	34	heuristics	heuristic	NOUN
cblr-14251	1042	35	to	to	PART
cblr-14251	1042	36	make	make	VERB
cblr-14251	1042	37	investment	investment	NOUN
cblr-14251	1042	38	decisions.256	decisions.256	VERB
cblr-14251	1042	39	the	the	DET
cblr-14251	1042	40	reasonable	reasonable	ADJ
cblr-14251	1042	41	demand	demand	NOUN
cblr-14251	1042	42	-	-	PUNCT
cblr-14251	1042	43	driven	drive	VERB
cblr-14251	1042	44	investor	investor	NOUN
cblr-14251	1042	45	could	could	AUX
cblr-14251	1042	46	represent	represent	VERB
cblr-14251	1042	47	another	another	DET
cblr-14251	1042	48	slice	slice	NOUN
cblr-14251	1042	49	of	of	ADP
cblr-14251	1042	50	the	the	DET
cblr-14251	1042	51	investing	investing	NOUN
cblr-14251	1042	52	community	community	NOUN
cblr-14251	1042	53	—	—	PUNCT
cblr-14251	1042	54	one	one	NUM
cblr-14251	1042	55	who	who	PRON
cblr-14251	1042	56	invests	invest	VERB
cblr-14251	1042	57	for	for	ADP
cblr-14251	1042	58	individual	individual	ADJ
cblr-14251	1042	59	,	,	PUNCT
cblr-14251	1042	60	demand	demand	NOUN
cblr-14251	1042	61	-	-	PUNCT
cblr-14251	1042	62	driven	drive	VERB
cblr-14251	1042	63	reasons	reason	NOUN
cblr-14251	1042	64	and	and	CCONJ
cblr-14251	1042	65	makes	make	VERB
cblr-14251	1042	66	253	253	NUM
cblr-14251	1042	67	see	see	VERB
cblr-14251	1042	68	guan	guan	PROPN
cblr-14251	1042	69	,	,	PUNCT
cblr-14251	1042	70	supra	supra	PROPN
cblr-14251	1042	71	note	note	PROPN
cblr-14251	1042	72	192	192	NUM
cblr-14251	1042	73	(	(	PUNCT
cblr-14251	1042	74	discussing	discuss	VERB
cblr-14251	1042	75	the	the	DET
cblr-14251	1042	76	concept	concept	NOUN
cblr-14251	1042	77	of	of	ADP
cblr-14251	1042	78	the	the	DET
cblr-14251	1042	79	reasonable	reasonable	ADJ
cblr-14251	1042	80	retail	retail	ADJ
cblr-14251	1042	81	investor	investor	NOUN
cblr-14251	1042	82	)	)	PUNCT
cblr-14251	1042	83	.	.	PUNCT
cblr-14251	1043	1	see	see	VERB
cblr-14251	1043	2	also	also	ADV
cblr-14251	1043	3	saad	saad	PROPN
cblr-14251	1043	4	&	&	CCONJ
cblr-14251	1043	5	strauss	strauss	PROPN
cblr-14251	1043	6	,	,	PUNCT
cblr-14251	1043	7	supra	supra	PROPN
cblr-14251	1043	8	note	note	PROPN
cblr-14251	1043	9	164	164	NUM
cblr-14251	1043	10	,	,	PUNCT
cblr-14251	1043	11	at	at	ADP
cblr-14251	1043	12	412	412	NUM
cblr-14251	1043	13	(	(	PUNCT
cblr-14251	1043	14	in	in	ADP
cblr-14251	1043	15	considering	consider	VERB
cblr-14251	1043	16	the	the	DET
cblr-14251	1043	17	materiality	materiality	NOUN
cblr-14251	1043	18	of	of	ADP
cblr-14251	1043	19	esg	esg	PROPN
cblr-14251	1043	20	information	information	NOUN
cblr-14251	1043	21	,	,	PUNCT
cblr-14251	1043	22	explaining	explain	VERB
cblr-14251	1043	23	that	that	SCONJ
cblr-14251	1043	24	the	the	DET
cblr-14251	1043	25	“	"	PUNCT
cblr-14251	1043	26	changing	change	VERB
cblr-14251	1043	27	attributes	attribute	NOUN
cblr-14251	1043	28	of	of	ADP
cblr-14251	1043	29	a	a	DET
cblr-14251	1043	30	reasonable	reasonable	ADJ
cblr-14251	1043	31	investor	investor	NOUN
cblr-14251	1043	32	usher	usher	PROPN
cblr-14251	1043	33	in	in	ADP
cblr-14251	1043	34	an	an	DET
cblr-14251	1043	35	expanded	expand	VERB
cblr-14251	1043	36	view	view	NOUN
cblr-14251	1043	37	of	of	ADP
cblr-14251	1043	38	the	the	DET
cblr-14251	1043	39	type	type	NOUN
cblr-14251	1043	40	and	and	CCONJ
cblr-14251	1043	41	content	content	NOUN
cblr-14251	1043	42	of	of	ADP
cblr-14251	1043	43	disclosures	disclosure	NOUN
cblr-14251	1043	44	that	that	PRON
cblr-14251	1043	45	such	such	ADJ
cblr-14251	1043	46	investors	investor	NOUN
cblr-14251	1043	47	deem	deem	VERB
cblr-14251	1043	48	material	material	NOUN
cblr-14251	1043	49	to	to	ADP
cblr-14251	1043	50	their	their	PRON
cblr-14251	1043	51	decisions	decision	NOUN
cblr-14251	1043	52	to	to	PART
cblr-14251	1043	53	invest	invest	VERB
cblr-14251	1043	54	in	in	ADP
cblr-14251	1043	55	,	,	PUNCT
cblr-14251	1043	56	engage	engage	VERB
cblr-14251	1043	57	with	with	ADP
cblr-14251	1043	58	,	,	PUNCT
cblr-14251	1043	59	or	or	CCONJ
cblr-14251	1043	60	divest	divest	VERB
cblr-14251	1043	61	from	from	ADP
cblr-14251	1043	62	particular	particular	ADJ
cblr-14251	1043	63	companies	company	NOUN
cblr-14251	1043	64	,	,	PUNCT
cblr-14251	1043	65	”	"	PUNCT
cblr-14251	1043	66	and	and	CCONJ
cblr-14251	1043	67	noting	note	VERB
cblr-14251	1043	68	that	that	SCONJ
cblr-14251	1043	69	it	it	PRON
cblr-14251	1043	70	“	"	PUNCT
cblr-14251	1043	71	material	material	NOUN
cblr-14251	1043	72	information	information	NOUN
cblr-14251	1043	73	is	be	AUX
cblr-14251	1043	74	that	that	PRON
cblr-14251	1043	75	which	which	PRON
cblr-14251	1043	76	is	be	AUX
cblr-14251	1043	77	important	important	ADJ
cblr-14251	1043	78	to	to	ADP
cblr-14251	1043	79	a	a	DET
cblr-14251	1043	80	reasonable	reasonable	ADJ
cblr-14251	1043	81	investor	investor	NOUN
cblr-14251	1043	82	,	,	PUNCT
cblr-14251	1043	83	then	then	ADV
cblr-14251	1043	84	the	the	DET
cblr-14251	1043	85	observed	observed	ADJ
cblr-14251	1043	86	trends	trend	NOUN
cblr-14251	1043	87	,	,	PUNCT
cblr-14251	1043	88	which	which	PRON
cblr-14251	1043	89	depart	depart	VERB
cblr-14251	1043	90	from	from	ADP
cblr-14251	1043	91	shareholder	shareholder	NOUN
cblr-14251	1043	92	demographics	demographic	NOUN
cblr-14251	1043	93	and	and	CCONJ
cblr-14251	1043	94	behavior	behavior	NOUN
cblr-14251	1043	95	of	of	ADP
cblr-14251	1043	96	the	the	DET
cblr-14251	1043	97	past	past	ADJ
cblr-14251	1043	98	decades	decade	NOUN
cblr-14251	1043	99	,	,	PUNCT
cblr-14251	1043	100	suggest	suggest	VERB
cblr-14251	1043	101	a	a	DET
cblr-14251	1043	102	corresponding	corresponding	ADJ
cblr-14251	1043	103	need	need	NOUN
cblr-14251	1043	104	to	to	PART
cblr-14251	1043	105	change	change	VERB
cblr-14251	1043	106	the	the	DET
cblr-14251	1043	107	scope	scope	NOUN
cblr-14251	1043	108	of	of	ADP
cblr-14251	1043	109	disclosures	disclosure	NOUN
cblr-14251	1043	110	considered	consider	VERB
cblr-14251	1043	111	legally	legally	ADV
cblr-14251	1043	112	material	material	NOUN
cblr-14251	1043	113	”	"	PUNCT
cblr-14251	1043	114	)	)	PUNCT
cblr-14251	1043	115	.	.	PUNCT
cblr-14251	1044	1	254	254	NUM
cblr-14251	1044	2	see	see	VERB
cblr-14251	1044	3	,	,	PUNCT
cblr-14251	1044	4	e.g.	e.g.	ADV
cblr-14251	1044	5	,	,	PUNCT
cblr-14251	1044	6	heminway	heminway	NOUN
cblr-14251	1044	7	,	,	PUNCT
cblr-14251	1044	8	the	the	DET
cblr-14251	1044	9	materiality	materiality	NOUN
cblr-14251	1044	10	of	of	ADP
cblr-14251	1044	11	esg	esg	PROPN
cblr-14251	1044	12	information	information	NOUN
cblr-14251	1044	13	,	,	PUNCT
cblr-14251	1044	14	supra	supra	PROPN
cblr-14251	1044	15	note	note	PROPN
cblr-14251	1044	16	199	199	NUM
cblr-14251	1044	17	,	,	PUNCT
cblr-14251	1044	18	at	at	ADP
cblr-14251	1044	19	1397	1397	NUM
cblr-14251	1044	20	(	(	PUNCT
cblr-14251	1044	21	arguing	argue	VERB
cblr-14251	1044	22	that	that	SCONJ
cblr-14251	1044	23	“	"	PUNCT
cblr-14251	1044	24	a	a	DET
cblr-14251	1044	25	unitary	unitary	ADJ
cblr-14251	1044	26	focus	focus	NOUN
cblr-14251	1044	27	on	on	ADP
cblr-14251	1044	28	pecuniary	pecuniary	ADJ
cblr-14251	1044	29	importance	importance	NOUN
cblr-14251	1044	30	or	or	CCONJ
cblr-14251	1044	31	significance	significance	NOUN
cblr-14251	1044	32	in	in	ADP
cblr-14251	1044	33	evaluating	evaluate	VERB
cblr-14251	1044	34	materiality	materiality	NOUN
cblr-14251	1044	35	,	,	PUNCT
cblr-14251	1044	36	if	if	SCONJ
cblr-14251	1044	37	applied	apply	VERB
cblr-14251	1044	38	in	in	ADP
cblr-14251	1044	39	the	the	DET
cblr-14251	1044	40	federal	federal	ADJ
cblr-14251	1044	41	securities	security	NOUN
cblr-14251	1044	42	regulation	regulation	NOUN
cblr-14251	1044	43	context	context	NOUN
cblr-14251	1044	44	,	,	PUNCT
cblr-14251	1044	45	ignores	ignore	VERB
cblr-14251	1044	46	the	the	DET
cblr-14251	1044	47	overall	overall	ADJ
cblr-14251	1044	48	breadth	breadth	NOUN
cblr-14251	1044	49	and	and	CCONJ
cblr-14251	1044	50	flexibility	flexibility	NOUN
cblr-14251	1044	51	of	of	ADP
cblr-14251	1044	52	the	the	DET
cblr-14251	1044	53	materiality	materiality	NOUN
cblr-14251	1044	54	standard	standard	NOUN
cblr-14251	1044	55	articulated	articulate	VERB
cblr-14251	1044	56	in	in	ADP
cblr-14251	1044	57	tsc	tsc	PROPN
cblr-14251	1044	58	and	and	CCONJ
cblr-14251	1044	59	runs	run	VERB
cblr-14251	1044	60	counter	counter	ADV
cblr-14251	1044	61	to	to	PART
cblr-14251	1044	62	guidance	guidance	NOUN
cblr-14251	1044	63	offered	offer	VERB
cblr-14251	1044	64	in	in	ADP
cblr-14251	1044	65	sab	sab	PROPN
cblr-14251	1044	66	no	no	INTJ
cblr-14251	1044	67	.	.	PROPN
cblr-14251	1044	68	99	99	NUM
cblr-14251	1044	69	,	,	PUNCT
cblr-14251	1044	70	which	which	PRON
cblr-14251	1044	71	expressly	expressly	ADV
cblr-14251	1044	72	advises	advise	VERB
cblr-14251	1044	73	the	the	DET
cblr-14251	1044	74	use	use	NOUN
cblr-14251	1044	75	of	of	ADP
cblr-14251	1044	76	both	both	CCONJ
cblr-14251	1044	77	quantitative	quantitative	ADJ
cblr-14251	1044	78	and	and	CCONJ
cblr-14251	1044	79	qualitative	qualitative	ADJ
cblr-14251	1044	80	materiality	materiality	NOUN
cblr-14251	1044	81	assessments	assessment	NOUN
cblr-14251	1044	82	.	.	PUNCT
cblr-14251	1045	1	in	in	ADP
cblr-14251	1045	2	addition	addition	NOUN
cblr-14251	1045	3	,	,	PUNCT
cblr-14251	1045	4	many	many	ADJ
cblr-14251	1045	5	firms	firm	NOUN
cblr-14251	1045	6	and	and	CCONJ
cblr-14251	1045	7	investors	investor	NOUN
cblr-14251	1045	8	individually	individually	ADV
cblr-14251	1045	9	recognize	recognize	VERB
cblr-14251	1045	10	the	the	DET
cblr-14251	1045	11	importance	importance	NOUN
cblr-14251	1045	12	of	of	ADP
cblr-14251	1045	13	esg	esg	PROPN
cblr-14251	1045	14	to	to	ADP
cblr-14251	1045	15	their	their	PRON
cblr-14251	1045	16	businesses	business	NOUN
cblr-14251	1045	17	in	in	ADP
cblr-14251	1045	18	nonpecuniary	nonpecuniary	ADJ
cblr-14251	1045	19	contexts	context	NOUN
cblr-14251	1045	20	”	"	PUNCT
cblr-14251	1045	21	)	)	PUNCT
cblr-14251	1045	22	.	.	PUNCT
cblr-14251	1046	1	255	255	NUM
cblr-14251	1046	2	tsc	tsc	PROPN
cblr-14251	1046	3	indus	indus	PROPN
cblr-14251	1046	4	.	.	PUNCT
cblr-14251	1046	5	,	,	PUNCT
cblr-14251	1046	6	426	426	NUM
cblr-14251	1046	7	u.s	u.s	PROPN
cblr-14251	1046	8	.	.	PROPN
cblr-14251	1046	9	at	at	ADP
cblr-14251	1046	10	450	450	NUM
cblr-14251	1046	11	(	(	PUNCT
cblr-14251	1046	12	explaining	explain	VERB
cblr-14251	1046	13	that	that	SCONJ
cblr-14251	1046	14	“	"	PUNCT
cblr-14251	1046	15	[	[	X
cblr-14251	1046	16	t]he	t]he	ADJ
cblr-14251	1046	17	determination	determination	NOUN
cblr-14251	1046	18	requires	require	VERB
cblr-14251	1046	19	delicate	delicate	ADJ
cblr-14251	1046	20	assessments	assessment	NOUN
cblr-14251	1046	21	of	of	ADP
cblr-14251	1046	22	the	the	DET
cblr-14251	1046	23	inferences	inference	NOUN
cblr-14251	1046	24	a	a	DET
cblr-14251	1046	25	‘	'	PUNCT
cblr-14251	1046	26	reasonable	reasonable	ADJ
cblr-14251	1046	27	shareholder	shareholder	NOUN
cblr-14251	1046	28	’	'	PUNCT
cblr-14251	1046	29	would	would	AUX
cblr-14251	1046	30	draw	draw	VERB
cblr-14251	1046	31	from	from	ADP
cblr-14251	1046	32	a	a	DET
cblr-14251	1046	33	given	give	VERB
cblr-14251	1046	34	set	set	NOUN
cblr-14251	1046	35	of	of	ADP
cblr-14251	1046	36	facts	fact	NOUN
cblr-14251	1046	37	and	and	CCONJ
cblr-14251	1046	38	the	the	DET
cblr-14251	1046	39	significance	significance	NOUN
cblr-14251	1046	40	of	of	ADP
cblr-14251	1046	41	those	those	DET
cblr-14251	1046	42	inferences	inference	NOUN
cblr-14251	1046	43	to	to	ADP
cblr-14251	1046	44	him	he	PRON
cblr-14251	1046	45	.	.	PUNCT
cblr-14251	1046	46	”	"	PUNCT
cblr-14251	1046	47	)	)	PUNCT
cblr-14251	1046	48	;	;	PUNCT
cblr-14251	1046	49	see	see	VERB
cblr-14251	1046	50	also	also	ADV
cblr-14251	1046	51	omnicare	omnicare	PROPN
cblr-14251	1046	52	,	,	PUNCT
cblr-14251	1046	53	inc	inc	PROPN
cblr-14251	1046	54	.	.	PROPN
cblr-14251	1046	55	,	,	PUNCT
cblr-14251	1046	56	v.	v.	ADP
cblr-14251	1046	57	laborers	laborer	NOUN
cblr-14251	1046	58	dist	dist	NOUN
cblr-14251	1046	59	.	.	PUNCT
cblr-14251	1047	1	council	council	PROPN
cblr-14251	1047	2	constr	constr	PROPN
cblr-14251	1047	3	.	.	PUNCT
cblr-14251	1048	1	indus	indus	PROPN
cblr-14251	1048	2	.	.	PUNCT
cblr-14251	1049	1	pension	pension	NOUN
cblr-14251	1049	2	fund	fund	PROPN
cblr-14251	1049	3	,	,	PUNCT
cblr-14251	1049	4	575	575	NUM
cblr-14251	1049	5	u.s	u.s	PROPN
cblr-14251	1049	6	.	.	PROPN
cblr-14251	1049	7	175	175	NUM
cblr-14251	1049	8	,	,	PUNCT
cblr-14251	1049	9	190	190	NUM
cblr-14251	1049	10	(	(	PUNCT
cblr-14251	1049	11	2015	2015	NUM
cblr-14251	1049	12	)	)	PUNCT
cblr-14251	1049	13	(	(	PUNCT
cblr-14251	1049	14	explaining	explain	VERB
cblr-14251	1049	15	the	the	DET
cblr-14251	1049	16	need	need	NOUN
cblr-14251	1049	17	to	to	PART
cblr-14251	1049	18	consider	consider	VERB
cblr-14251	1049	19	the	the	DET
cblr-14251	1049	20	“	"	PUNCT
cblr-14251	1049	21	full	full	ADJ
cblr-14251	1049	22	context	context	NOUN
cblr-14251	1049	23	”	"	PUNCT
cblr-14251	1049	24	and	and	CCONJ
cblr-14251	1049	25	naming	name	VERB
cblr-14251	1049	26	factors	factor	NOUN
cblr-14251	1049	27	such	such	ADJ
cblr-14251	1049	28	as	as	ADP
cblr-14251	1049	29	“	"	PUNCT
cblr-14251	1049	30	customs	custom	NOUN
cblr-14251	1049	31	and	and	CCONJ
cblr-14251	1049	32	practices	practice	NOUN
cblr-14251	1049	33	of	of	ADP
cblr-14251	1049	34	the	the	DET
cblr-14251	1049	35	relevant	relevant	ADJ
cblr-14251	1049	36	industry	industry	NOUN
cblr-14251	1049	37	,	,	PUNCT
cblr-14251	1049	38	”	"	PUNCT
cblr-14251	1049	39	“	"	PUNCT
cblr-14251	1049	40	surrounding	surround	VERB
cblr-14251	1049	41	text	text	NOUN
cblr-14251	1049	42	,	,	PUNCT
cblr-14251	1049	43	including	include	VERB
cblr-14251	1049	44	hedges	hedge	NOUN
cblr-14251	1049	45	,	,	PUNCT
cblr-14251	1049	46	disclaimers	disclaimer	NOUN
cblr-14251	1049	47	,	,	PUNCT
cblr-14251	1049	48	and	and	CCONJ
cblr-14251	1049	49	apparently	apparently	ADV
cblr-14251	1049	50	conflicting	conflict	VERB
cblr-14251	1049	51	information	information	NOUN
cblr-14251	1049	52	”	"	PUNCT
cblr-14251	1049	53	)	)	PUNCT
cblr-14251	1049	54	.	.	PUNCT
cblr-14251	1050	1	256	256	NUM
cblr-14251	1050	2	see	see	VERB
cblr-14251	1050	3	guan	guan	PROPN
cblr-14251	1050	4	,	,	PUNCT
cblr-14251	1050	5	supra	supra	PROPN
cblr-14251	1050	6	note	note	PROPN
cblr-14251	1050	7	192	192	NUM
cblr-14251	1050	8	(	(	PUNCT
cblr-14251	1050	9	discussing	discuss	VERB
cblr-14251	1050	10	the	the	DET
cblr-14251	1050	11	concept	concept	NOUN
cblr-14251	1050	12	of	of	ADP
cblr-14251	1050	13	the	the	DET
cblr-14251	1050	14	reasonable	reasonable	ADJ
cblr-14251	1050	15	retail	retail	ADJ
cblr-14251	1050	16	investor	investor	NOUN
cblr-14251	1050	17	)	)	PUNCT
cblr-14251	1050	18	.	.	PUNCT
cblr-14251	1051	1	300	300	NUM
cblr-14251	1051	2	columbia	columbia	PROPN
cblr-14251	1051	3	business	business	NOUN
cblr-14251	1051	4	law	law	PROPN
cblr-14251	1051	5	review	review	NOUN
cblr-14251	1051	6	[	[	X
cblr-14251	1051	7	vol	vol	NOUN
cblr-14251	1051	8	.	.	PUNCT
cblr-14251	1051	9	2025	2025	NUM
cblr-14251	1051	10	decisions	decision	NOUN
cblr-14251	1051	11	to	to	PART
cblr-14251	1051	12	maximize	maximize	VERB
cblr-14251	1051	13	a	a	DET
cblr-14251	1051	14	varying	vary	VERB
cblr-14251	1051	15	set	set	NOUN
cblr-14251	1051	16	of	of	ADP
cblr-14251	1051	17	utilities	utility	NOUN
cblr-14251	1051	18	that	that	PRON
cblr-14251	1051	19	are	be	AUX
cblr-14251	1051	20	not	not	PART
cblr-14251	1051	21	necessarily	necessarily	ADV
cblr-14251	1051	22	financial	financial	ADJ
cblr-14251	1051	23	.	.	PUNCT
cblr-14251	1052	1	the	the	DET
cblr-14251	1052	2	point	point	NOUN
cblr-14251	1052	3	is	be	AUX
cblr-14251	1052	4	that	that	SCONJ
cblr-14251	1052	5	“	"	PUNCT
cblr-14251	1052	6	[	[	X
cblr-14251	1052	7	w]hile	w]hile	ADP
cblr-14251	1052	8	all	all	DET
cblr-14251	1052	9	investors	investor	NOUN
cblr-14251	1052	10	should	should	AUX
cblr-14251	1052	11	receive	receive	VERB
cblr-14251	1052	12	high	high	ADJ
cblr-14251	1052	13	-	-	PUNCT
cblr-14251	1052	14	quality	quality	NOUN
cblr-14251	1052	15	,	,	PUNCT
cblr-14251	1052	16	mandated	mandate	VERB
cblr-14251	1052	17	information	information	NOUN
cblr-14251	1052	18	,	,	PUNCT
cblr-14251	1052	19	information	information	NOUN
cblr-14251	1052	20	that	that	PRON
cblr-14251	1052	21	is	be	AUX
cblr-14251	1052	22	profoundly	profoundly	ADV
cblr-14251	1052	23	insightful	insightful	ADJ
cblr-14251	1052	24	for	for	ADP
cblr-14251	1052	25	one	one	NUM
cblr-14251	1052	26	type	type	NOUN
cblr-14251	1052	27	of	of	ADP
cblr-14251	1052	28	investor	investor	NOUN
cblr-14251	1052	29	may	may	AUX
cblr-14251	1052	30	be	be	AUX
cblr-14251	1052	31	prosaically	prosaically	ADV
cblr-14251	1052	32	uninformative	uninformative	ADJ
cblr-14251	1052	33	to	to	ADP
cblr-14251	1052	34	another	another	DET
cblr-14251	1052	35	type	type	NOUN
cblr-14251	1052	36	of	of	ADP
cblr-14251	1052	37	investor	investor	NOUN
cblr-14251	1052	38	.	.	PUNCT
cblr-14251	1052	39	”257	”257	NOUN
cblr-14251	1052	40	rather	rather	ADV
cblr-14251	1052	41	than	than	ADP
cblr-14251	1052	42	dismissing	dismiss	VERB
cblr-14251	1052	43	such	such	ADJ
cblr-14251	1052	44	behavior	behavior	NOUN
cblr-14251	1052	45	as	as	ADP
cblr-14251	1052	46	irrational	irrational	ADJ
cblr-14251	1052	47	(	(	PUNCT
cblr-14251	1052	48	and	and	CCONJ
cblr-14251	1052	49	likely	likely	ADV
cblr-14251	1052	50	undeserving	undeserving	NOUN
cblr-14251	1052	51	of	of	ADP
cblr-14251	1052	52	protection	protection	NOUN
cblr-14251	1052	53	by	by	ADP
cblr-14251	1052	54	the	the	DET
cblr-14251	1052	55	securities	security	NOUN
cblr-14251	1052	56	laws	law	NOUN
cblr-14251	1052	57	)	)	PUNCT
cblr-14251	1052	58	,	,	PUNCT
cblr-14251	1052	59	embracing	embrace	VERB
cblr-14251	1052	60	the	the	DET
cblr-14251	1052	61	diversity	diversity	NOUN
cblr-14251	1052	62	of	of	ADP
cblr-14251	1052	63	investors	investor	NOUN
cblr-14251	1052	64	could	could	AUX
cblr-14251	1052	65	lead	lead	VERB
cblr-14251	1052	66	to	to	ADP
cblr-14251	1052	67	more	more	ADV
cblr-14251	1052	68	sensible	sensible	ADJ
cblr-14251	1052	69	outcomes	outcome	NOUN
cblr-14251	1052	70	in	in	ADP
cblr-14251	1052	71	securities	security	NOUN
cblr-14251	1052	72	litigation	litigation	NOUN
cblr-14251	1052	73	and	and	CCONJ
cblr-14251	1052	74	extend	extend	VERB
cblr-14251	1052	75	protections	protection	NOUN
cblr-14251	1052	76	to	to	ADP
cblr-14251	1052	77	those	those	PRON
cblr-14251	1052	78	who	who	PRON
cblr-14251	1052	79	are	be	AUX
cblr-14251	1052	80	harmed	harm	VERB
cblr-14251	1052	81	by	by	ADP
cblr-14251	1052	82	the	the	DET
cblr-14251	1052	83	gray	gray	ADJ
cblr-14251	1052	84	area	area	NOUN
cblr-14251	1052	85	behavior	behavior	NOUN
cblr-14251	1052	86	discussed	discuss	VERB
cblr-14251	1052	87	above.258	above.258	NOUN
cblr-14251	1052	88	another	another	DET
cblr-14251	1052	89	possibility	possibility	NOUN
cblr-14251	1052	90	is	be	AUX
cblr-14251	1052	91	to	to	PART
cblr-14251	1052	92	consider	consider	VERB
cblr-14251	1052	93	removing	remove	VERB
cblr-14251	1052	94	the	the	DET
cblr-14251	1052	95	requirement	requirement	NOUN
cblr-14251	1052	96	of	of	ADP
cblr-14251	1052	97	materiality	materiality	NOUN
cblr-14251	1052	98	,	,	PUNCT
cblr-14251	1052	99	or	or	CCONJ
cblr-14251	1052	100	alternatively	alternatively	ADV
cblr-14251	1052	101	,	,	PUNCT
cblr-14251	1052	102	the	the	DET
cblr-14251	1052	103	requirement	requirement	NOUN
cblr-14251	1052	104	of	of	ADP
cblr-14251	1052	105	reliance	reliance	NOUN
cblr-14251	1052	106	.	.	PUNCT
cblr-14251	1053	1	professor	professor	NOUN
cblr-14251	1053	2	ann	ann	PROPN
cblr-14251	1053	3	lipton	lipton	PROPN
cblr-14251	1053	4	has	have	AUX
cblr-14251	1053	5	previously	previously	ADV
cblr-14251	1053	6	suggested	suggest	VERB
cblr-14251	1053	7	doing	do	VERB
cblr-14251	1053	8	just	just	ADV
cblr-14251	1053	9	this	this	PRON
cblr-14251	1053	10	.	.	PUNCT
cblr-14251	1054	1	arguing	argue	VERB
cblr-14251	1054	2	that	that	SCONJ
cblr-14251	1054	3	courts	court	NOUN
cblr-14251	1054	4	“	"	PUNCT
cblr-14251	1054	5	should	should	AUX
cblr-14251	1054	6	be	be	AUX
cblr-14251	1054	7	relieved	relieve	VERB
cblr-14251	1054	8	from	from	ADP
cblr-14251	1054	9	the	the	DET
cblr-14251	1054	10	burden	burden	NOUN
cblr-14251	1054	11	of	of	ADP
cblr-14251	1054	12	assessing	assess	VERB
cblr-14251	1054	13	market	market	NOUN
cblr-14251	1054	14	evidence	evidence	NOUN
cblr-14251	1054	15	or	or	CCONJ
cblr-14251	1054	16	—	—	PUNCT
cblr-14251	1054	17	as	as	ADV
cblr-14251	1054	18	much	much	ADJ
cblr-14251	1054	19	as	as	ADP
cblr-14251	1054	20	possible	possible	ADJ
cblr-14251	1054	21	—	—	PUNCT
cblr-14251	1054	22	determining	determine	VERB
cblr-14251	1054	23	the	the	DET
cblr-14251	1054	24	hypothetical	hypothetical	ADJ
cblr-14251	1054	25	significance	significance	NOUN
cblr-14251	1054	26	of	of	ADP
cblr-14251	1054	27	corporate	corporate	ADJ
cblr-14251	1054	28	information	information	NOUN
cblr-14251	1054	29	to	to	ADP
cblr-14251	1054	30	investors	investor	NOUN
cblr-14251	1054	31	,	,	PUNCT
cblr-14251	1054	32	”	"	PUNCT
cblr-14251	1054	33	she	she	PRON
cblr-14251	1054	34	considers	consider	VERB
cblr-14251	1054	35	eliminating	eliminate	VERB
cblr-14251	1054	36	either	either	CCONJ
cblr-14251	1054	37	the	the	DET
cblr-14251	1054	38	materiality	materiality	NOUN
cblr-14251	1054	39	element	element	NOUN
cblr-14251	1054	40	or	or	CCONJ
cblr-14251	1054	41	the	the	DET
cblr-14251	1054	42	reliance	reliance	NOUN
cblr-14251	1054	43	element	element	NOUN
cblr-14251	1054	44	of	of	ADP
cblr-14251	1054	45	a	a	DET
cblr-14251	1054	46	rule	rule	NOUN
cblr-14251	1054	47	10b-5	10b-5	NUM
cblr-14251	1054	48	action	action	NOUN
cblr-14251	1054	49	(	(	PUNCT
cblr-14251	1054	50	but	but	CCONJ
cblr-14251	1054	51	not	not	PART
cblr-14251	1054	52	both	both	PRON
cblr-14251	1054	53	elements).259	elements).259	VERB
cblr-14251	1054	54	with	with	ADP
cblr-14251	1054	55	respect	respect	NOUN
cblr-14251	1054	56	to	to	ADP
cblr-14251	1054	57	eliminating	eliminate	VERB
cblr-14251	1054	58	a	a	DET
cblr-14251	1054	59	showing	showing	NOUN
cblr-14251	1054	60	of	of	ADP
cblr-14251	1054	61	reliance	reliance	NOUN
cblr-14251	1054	62	,	,	PUNCT
cblr-14251	1054	63	this	this	PRON
cblr-14251	1054	64	would	would	AUX
cblr-14251	1054	65	bring	bring	VERB
cblr-14251	1054	66	a	a	DET
cblr-14251	1054	67	rule	rule	NOUN
cblr-14251	1054	68	10b5	10b5	NUM
cblr-14251	1054	69	action	action	NOUN
cblr-14251	1054	70	closer	close	ADV
cblr-14251	1054	71	to	to	ADP
cblr-14251	1054	72	claims	claim	NOUN
cblr-14251	1054	73	under	under	ADP
cblr-14251	1054	74	section	section	NOUN
cblr-14251	1054	75	11	11	NUM
cblr-14251	1054	76	of	of	ADP
cblr-14251	1054	77	the	the	DET
cblr-14251	1054	78	securities	security	NOUN
cblr-14251	1054	79	act	act	PROPN
cblr-14251	1054	80	,	,	PUNCT
cblr-14251	1054	81	257	257	NUM
cblr-14251	1054	82	see	see	VERB
cblr-14251	1054	83	lin	lin	PROPN
cblr-14251	1054	84	,	,	PUNCT
cblr-14251	1054	85	supra	supra	PROPN
cblr-14251	1054	86	note	note	PROPN
cblr-14251	1054	87	117	117	NUM
cblr-14251	1054	88	,	,	PUNCT
cblr-14251	1054	89	at	at	ADP
cblr-14251	1054	90	515	515	NUM
cblr-14251	1054	91	(	(	PUNCT
cblr-14251	1054	92	arguing	argue	VERB
cblr-14251	1054	93	that	that	SCONJ
cblr-14251	1054	94	“	"	PUNCT
cblr-14251	1054	95	[	[	X
cblr-14251	1054	96	i]nstead	i]nstead	X
cblr-14251	1054	97	of	of	ADP
cblr-14251	1054	98	comparing	compare	VERB
cblr-14251	1054	99	the	the	DET
cblr-14251	1054	100	effects	effect	NOUN
cblr-14251	1054	101	of	of	ADP
cblr-14251	1054	102	a	a	DET
cblr-14251	1054	103	disclosure	disclosure	NOUN
cblr-14251	1054	104	or	or	CCONJ
cblr-14251	1054	105	an	an	DET
cblr-14251	1054	106	omission	omission	NOUN
cblr-14251	1054	107	on	on	ADP
cblr-14251	1054	108	an	an	DET
cblr-14251	1054	109	amorphous	amorphous	ADJ
cblr-14251	1054	110	,	,	PUNCT
cblr-14251	1054	111	idealized	idealized	ADJ
cblr-14251	1054	112	investor	investor	NOUN
cblr-14251	1054	113	,	,	PUNCT
cblr-14251	1054	114	the	the	DET
cblr-14251	1054	115	recognition	recognition	NOUN
cblr-14251	1054	116	of	of	ADP
cblr-14251	1054	117	diverse	diverse	ADJ
cblr-14251	1054	118	investors	investor	NOUN
cblr-14251	1054	119	would	would	AUX
cblr-14251	1054	120	better	well	ADV
cblr-14251	1054	121	recognize	recognize	VERB
cblr-14251	1054	122	conflicts	conflict	NOUN
cblr-14251	1054	123	among	among	ADP
cblr-14251	1054	124	investors	investor	NOUN
cblr-14251	1054	125	and	and	CCONJ
cblr-14251	1054	126	allow	allow	VERB
cblr-14251	1054	127	for	for	ADP
cblr-14251	1054	128	more	more	ADV
cblr-14251	1054	129	honest	honest	ADJ
cblr-14251	1054	130	and	and	CCONJ
cblr-14251	1054	131	dynamic	dynamic	ADJ
cblr-14251	1054	132	comparisons	comparison	NOUN
cblr-14251	1054	133	based	base	VERB
cblr-14251	1054	134	on	on	ADP
cblr-14251	1054	135	shared	share	VERB
cblr-14251	1054	136	characteristics	characteristic	NOUN
cblr-14251	1054	137	and	and	CCONJ
cblr-14251	1054	138	shared	share	VERB
cblr-14251	1054	139	interests	interest	NOUN
cblr-14251	1054	140	of	of	ADP
cblr-14251	1054	141	comparable	comparable	ADJ
cblr-14251	1054	142	investors	investor	NOUN
cblr-14251	1054	143	.	.	PUNCT
cblr-14251	1054	144	”	"	PUNCT
cblr-14251	1054	145	)	)	PUNCT
cblr-14251	1054	146	.	.	PUNCT
cblr-14251	1055	1	professor	professor	PROPN
cblr-14251	1055	2	lin	lin	PROPN
cblr-14251	1055	3	has	have	AUX
cblr-14251	1055	4	proposed	propose	VERB
cblr-14251	1055	5	a	a	DET
cblr-14251	1055	6	typology	typology	NOUN
cblr-14251	1055	7	with	with	ADP
cblr-14251	1055	8	heterogeneous	heterogeneous	ADJ
cblr-14251	1055	9	,	,	PUNCT
cblr-14251	1055	10	diverse	diverse	ADJ
cblr-14251	1055	11	investors	investor	NOUN
cblr-14251	1055	12	rather	rather	ADV
cblr-14251	1055	13	than	than	ADP
cblr-14251	1055	14	a	a	DET
cblr-14251	1055	15	singular	singular	ADJ
cblr-14251	1055	16	,	,	PUNCT
cblr-14251	1055	17	homogeneous	homogeneous	ADJ
cblr-14251	1055	18	reasonable	reasonable	ADJ
cblr-14251	1055	19	investor	investor	NOUN
cblr-14251	1055	20	.	.	PUNCT
cblr-14251	1056	1	i	i	PRON
cblr-14251	1056	2	d.	d.	PROPN
cblr-14251	1056	3	at	at	ADP
cblr-14251	1056	4	513	513	NUM
cblr-14251	1056	5	–	–	PUNCT
cblr-14251	1056	6	16	16	NUM
cblr-14251	1056	7	.	.	PUNCT
cblr-14251	1057	1	lin	lin	PROPN
cblr-14251	1057	2	also	also	ADV
cblr-14251	1057	3	examines	examine	VERB
cblr-14251	1057	4	the	the	DET
cblr-14251	1057	5	mismatches	mismatch	NOUN
cblr-14251	1057	6	that	that	PRON
cblr-14251	1057	7	have	have	AUX
cblr-14251	1057	8	resulted	result	VERB
cblr-14251	1057	9	as	as	ADP
cblr-14251	1057	10	a	a	DET
cblr-14251	1057	11	result	result	NOUN
cblr-14251	1057	12	of	of	ADP
cblr-14251	1057	13	regulation	regulation	NOUN
cblr-14251	1057	14	for	for	ADP
cblr-14251	1057	15	a	a	DET
cblr-14251	1057	16	homogeneous	homogeneous	ADJ
cblr-14251	1057	17	reasonable	reasonable	ADJ
cblr-14251	1057	18	investor	investor	NOUN
cblr-14251	1057	19	and	and	CCONJ
cblr-14251	1057	20	the	the	DET
cblr-14251	1057	21	reality	reality	NOUN
cblr-14251	1057	22	of	of	ADP
cblr-14251	1057	23	heterogeneous	heterogeneous	ADJ
cblr-14251	1057	24	investors	investor	NOUN
cblr-14251	1057	25	.	.	PUNCT
cblr-14251	1058	1	specifically	specifically	ADV
cblr-14251	1058	2	,	,	PUNCT
cblr-14251	1058	3	lin	lin	PROPN
cblr-14251	1058	4	argues	argue	VERB
cblr-14251	1058	5	that	that	SCONJ
cblr-14251	1058	6	regulating	regulate	VERB
cblr-14251	1058	7	for	for	ADP
cblr-14251	1058	8	the	the	DET
cblr-14251	1058	9	idealized	idealized	ADJ
cblr-14251	1058	10	,	,	PUNCT
cblr-14251	1058	11	reasonable	reasonable	ADJ
cblr-14251	1058	12	investor	investor	NOUN
cblr-14251	1058	13	focuses	focus	VERB
cblr-14251	1058	14	on	on	ADP
cblr-14251	1058	15	disclosure	disclosure	NOUN
cblr-14251	1058	16	of	of	ADP
cblr-14251	1058	17	relevant	relevant	ADJ
cblr-14251	1058	18	information	information	NOUN
cblr-14251	1058	19	so	so	SCONJ
cblr-14251	1058	20	that	that	SCONJ
cblr-14251	1058	21	investors	investor	NOUN
cblr-14251	1058	22	can	can	AUX
cblr-14251	1058	23	“	"	PUNCT
cblr-14251	1058	24	maximize	maximize	VERB
cblr-14251	1058	25	their	their	PRON
cblr-14251	1058	26	utility	utility	NOUN
cblr-14251	1058	27	from	from	ADP
cblr-14251	1058	28	a	a	DET
cblr-14251	1058	29	stable	stable	ADJ
cblr-14251	1058	30	set	set	NOUN
cblr-14251	1058	31	of	of	ADP
cblr-14251	1058	32	preferences	preference	NOUN
cblr-14251	1058	33	”	"	PUNCT
cblr-14251	1058	34	and	and	CCONJ
cblr-14251	1058	35	protect	protect	VERB
cblr-14251	1058	36	themselves	themselves	PRON
cblr-14251	1058	37	against	against	ADP
cblr-14251	1058	38	corporate	corporate	ADJ
cblr-14251	1058	39	misbehavior	misbehavior	NOUN
cblr-14251	1058	40	.	.	PUNCT
cblr-14251	1059	1	i	i	PRON
cblr-14251	1059	2	d.	d.	PROPN
cblr-14251	1059	3	at	at	ADP
cblr-14251	1059	4	477–78	477–78	NOUN
cblr-14251	1059	5	.	.	PUNCT
cblr-14251	1060	1	moreover	moreover	ADV
cblr-14251	1060	2	,	,	PUNCT
cblr-14251	1060	3	he	he	PRON
cblr-14251	1060	4	explains	explain	VERB
cblr-14251	1060	5	that	that	SCONJ
cblr-14251	1060	6	real	real	ADJ
cblr-14251	1060	7	investors	investor	NOUN
cblr-14251	1060	8	“	"	PUNCT
cblr-14251	1060	9	do	do	AUX
cblr-14251	1060	10	not	not	PART
cblr-14251	1060	11	have	have	VERB
cblr-14251	1060	12	perfect	perfect	ADJ
cblr-14251	1060	13	rationality	rationality	NOUN
cblr-14251	1060	14	and	and	CCONJ
cblr-14251	1060	15	can	can	AUX
cblr-14251	1060	16	not	not	PART
cblr-14251	1060	17	process	process	VERB
cblr-14251	1060	18	all	all	PRON
cblr-14251	1060	19	disclosed	disclose	VERB
cblr-14251	1060	20	information	information	NOUN
cblr-14251	1060	21	properly	properly	ADV
cblr-14251	1060	22	to	to	PART
cblr-14251	1060	23	make	make	VERB
cblr-14251	1060	24	optimal	optimal	ADJ
cblr-14251	1060	25	investment	investment	NOUN
cblr-14251	1060	26	decisions	decision	NOUN
cblr-14251	1060	27	.	.	PUNCT
cblr-14251	1060	28	”	"	PUNCT
cblr-14251	1061	1	i	i	PRON
cblr-14251	1061	2	d.	d.	VERB
cblr-14251	1061	3	at	at	ADP
cblr-14251	1061	4	480	480	NUM
cblr-14251	1061	5	.	.	PUNCT
cblr-14251	1062	1	rather	rather	ADV
cblr-14251	1062	2	,	,	PUNCT
cblr-14251	1062	3	“	"	PUNCT
cblr-14251	1062	4	[	[	X
cblr-14251	1062	5	m]any	m]any	NOUN
cblr-14251	1062	6	real	real	ADJ
cblr-14251	1062	7	investors	investor	NOUN
cblr-14251	1062	8	price	price	VERB
cblr-14251	1062	9	an	an	DET
cblr-14251	1062	10	investment	investment	NOUN
cblr-14251	1062	11	on	on	ADP
cblr-14251	1062	12	factors	factor	NOUN
cblr-14251	1062	13	unrelated	unrelated	ADJ
cblr-14251	1062	14	to	to	ADP
cblr-14251	1062	15	the	the	DET
cblr-14251	1062	16	fundamental	fundamental	ADJ
cblr-14251	1062	17	value	value	NOUN
cblr-14251	1062	18	of	of	ADP
cblr-14251	1062	19	the	the	DET
cblr-14251	1062	20	company	company	NOUN
cblr-14251	1062	21	or	or	CCONJ
cblr-14251	1062	22	the	the	DET
cblr-14251	1062	23	macroeconomic	macroeconomic	ADJ
cblr-14251	1062	24	realities	reality	NOUN
cblr-14251	1062	25	of	of	ADP
cblr-14251	1062	26	the	the	DET
cblr-14251	1062	27	marketplace	marketplace	NOUN
cblr-14251	1062	28	.	.	PUNCT
cblr-14251	1062	29	”	"	PUNCT
cblr-14251	1063	1	i	i	PRON
cblr-14251	1063	2	d.	d.	PROPN
cblr-14251	1063	3	258	258	NUM
cblr-14251	1063	4	see	see	VERB
cblr-14251	1063	5	supra	supra	PROPN
cblr-14251	1063	6	section	section	PROPN
cblr-14251	1063	7	v.a	v.a	PROPN
cblr-14251	1063	8	.	.	PROPN
cblr-14251	1063	9	259	259	NUM
cblr-14251	1063	10	lipton	lipton	PROPN
cblr-14251	1063	11	,	,	PUNCT
cblr-14251	1063	12	supra	supra	PROPN
cblr-14251	1063	13	note	note	PROPN
cblr-14251	1063	14	160	160	NUM
cblr-14251	1063	15	,	,	PUNCT
cblr-14251	1063	16	at	at	ADP
cblr-14251	1063	17	773	773	NUM
cblr-14251	1063	18	.	.	PUNCT
cblr-14251	1064	1	no	no	INTJ
cblr-14251	1064	2	.	.	NOUN
cblr-14251	1064	3	1	1	NUM
cblr-14251	1064	4	]	]	PUNCT
cblr-14251	1064	5	securities	security	NOUN
cblr-14251	1064	6	fraud	fraud	NOUN
cblr-14251	1064	7	and	and	CCONJ
cblr-14251	1064	8	the	the	DET
cblr-14251	1064	9	market	market	NOUN
cblr-14251	1064	10	for	for	ADP
cblr-14251	1064	11	individual	individual	ADJ
cblr-14251	1064	12	stocks	stock	NOUN
cblr-14251	1064	13	301	301	NUM
cblr-14251	1064	14	under	under	ADP
cblr-14251	1064	15	which	which	PRON
cblr-14251	1064	16	misleading	mislead	VERB
cblr-14251	1064	17	registration	registration	NOUN
cblr-14251	1064	18	statements	statement	NOUN
cblr-14251	1064	19	are	be	AUX
cblr-14251	1064	20	assumed	assume	VERB
cblr-14251	1064	21	to	to	PART
cblr-14251	1064	22	affect	affect	VERB
cblr-14251	1064	23	the	the	DET
cblr-14251	1064	24	issuer	issuer	NOUN
cblr-14251	1064	25	’s	’s	PART
cblr-14251	1064	26	stock	stock	NOUN
cblr-14251	1064	27	prices.260	prices.260	PROPN
cblr-14251	1064	28	professor	professor	PROPN
cblr-14251	1064	29	lipton	lipton	PROPN
cblr-14251	1064	30	raises	raise	VERB
cblr-14251	1064	31	the	the	DET
cblr-14251	1064	32	possibility	possibility	NOUN
cblr-14251	1064	33	of	of	ADP
cblr-14251	1064	34	similarly	similarly	ADV
cblr-14251	1064	35	assuming	assume	VERB
cblr-14251	1064	36	that	that	SCONJ
cblr-14251	1064	37	public	public	ADJ
cblr-14251	1064	38	statements	statement	NOUN
cblr-14251	1064	39	affect	affect	VERB
cblr-14251	1064	40	stock	stock	NOUN
cblr-14251	1064	41	prices	price	NOUN
cblr-14251	1064	42	and	and	CCONJ
cblr-14251	1064	43	imposing	impose	VERB
cblr-14251	1064	44	statutory	statutory	ADJ
cblr-14251	1064	45	fines	fine	NOUN
cblr-14251	1064	46	paid	pay	VERB
cblr-14251	1064	47	to	to	ADP
cblr-14251	1064	48	investors	investor	NOUN
cblr-14251	1064	49	who	who	PRON
cblr-14251	1064	50	have	have	AUX
cblr-14251	1064	51	lost	lose	VERB
cblr-14251	1064	52	money	money	NOUN
cblr-14251	1064	53	during	during	ADP
cblr-14251	1064	54	the	the	DET
cblr-14251	1064	55	relevant	relevant	ADJ
cblr-14251	1064	56	period.261	period.261	NOUN
cblr-14251	1064	57	with	with	ADP
cblr-14251	1064	58	respect	respect	NOUN
cblr-14251	1064	59	to	to	ADP
cblr-14251	1064	60	eliminating	eliminate	VERB
cblr-14251	1064	61	materiality	materiality	NOUN
cblr-14251	1064	62	,	,	PUNCT
cblr-14251	1064	63	she	she	PRON
cblr-14251	1064	64	explains	explain	VERB
cblr-14251	1064	65	that	that	SCONJ
cblr-14251	1064	66	a	a	DET
cblr-14251	1064	67	light	light	ADJ
cblr-14251	1064	68	burden	burden	NOUN
cblr-14251	1064	69	of	of	ADP
cblr-14251	1064	70	showing	show	VERB
cblr-14251	1064	71	reliance	reliance	NOUN
cblr-14251	1064	72	(	(	PUNCT
cblr-14251	1064	73	investors	investor	NOUN
cblr-14251	1064	74	who	who	PRON
cblr-14251	1064	75	can	can	AUX
cblr-14251	1064	76	show	show	VERB
cblr-14251	1064	77	that	that	SCONJ
cblr-14251	1064	78	they	they	PRON
cblr-14251	1064	79	factored	factor	VERB
cblr-14251	1064	80	the	the	DET
cblr-14251	1064	81	misstatement	misstatement	NOUN
cblr-14251	1064	82	,	,	PUNCT
cblr-14251	1064	83	however	however	ADV
cblr-14251	1064	84	minimally	minimally	ADV
cblr-14251	1064	85	,	,	PUNCT
cblr-14251	1064	86	into	into	ADP
cblr-14251	1064	87	their	their	PRON
cblr-14251	1064	88	decision	decision	NOUN
cblr-14251	1064	89	)	)	PUNCT
cblr-14251	1064	90	might	might	AUX
cblr-14251	1064	91	be	be	AUX
cblr-14251	1064	92	more	more	ADV
cblr-14251	1064	93	realistic	realistic	ADJ
cblr-14251	1064	94	without	without	ADP
cblr-14251	1064	95	overly	overly	ADV
cblr-14251	1064	96	expanding	expand	VERB
cblr-14251	1064	97	the	the	DET
cblr-14251	1064	98	universe	universe	NOUN
cblr-14251	1064	99	of	of	ADP
cblr-14251	1064	100	potential	potential	ADJ
cblr-14251	1064	101	claimants.262	claimants.262	NOUN
cblr-14251	1064	102	she	she	PRON
cblr-14251	1064	103	also	also	ADV
cblr-14251	1064	104	explores	explore	VERB
cblr-14251	1064	105	the	the	DET
cblr-14251	1064	106	merits	merit	NOUN
cblr-14251	1064	107	of	of	ADP
cblr-14251	1064	108	a	a	DET
cblr-14251	1064	109	hybrid	hybrid	ADJ
cblr-14251	1064	110	system	system	NOUN
cblr-14251	1064	111	,	,	PUNCT
cblr-14251	1064	112	where	where	SCONJ
cblr-14251	1064	113	investors	investor	NOUN
cblr-14251	1064	114	who	who	PRON
cblr-14251	1064	115	show	show	VERB
cblr-14251	1064	116	reliance	reliance	NOUN
cblr-14251	1064	117	are	be	AUX
cblr-14251	1064	118	entitled	entitle	VERB
cblr-14251	1064	119	to	to	ADP
cblr-14251	1064	120	a	a	DET
cblr-14251	1064	121	larger	large	ADJ
cblr-14251	1064	122	statutory	statutory	ADJ
cblr-14251	1064	123	award.263	award.263	NOUN
cblr-14251	1064	124	relatedly	relatedly	ADV
cblr-14251	1064	125	,	,	PUNCT
cblr-14251	1064	126	a	a	DET
cblr-14251	1064	127	heightened	heightened	ADJ
cblr-14251	1064	128	pleading	pleading	NOUN
cblr-14251	1064	129	standard	standard	NOUN
cblr-14251	1064	130	for	for	ADP
cblr-14251	1064	131	materiality	materiality	NOUN
cblr-14251	1064	132	—	—	PUNCT
cblr-14251	1064	133	similar	similar	ADJ
cblr-14251	1064	134	to	to	ADP
cblr-14251	1064	135	the	the	DET
cblr-14251	1064	136	pslra	pslra	NOUN
cblr-14251	1064	137	’s	’s	PART
cblr-14251	1064	138	heightened	heighten	VERB
cblr-14251	1064	139	pleading	plead	VERB
cblr-14251	1064	140	standard	standard	NOUN
cblr-14251	1064	141	for	for	ADP
cblr-14251	1064	142	scienter	scienter	NOUN
cblr-14251	1064	143	—	—	PUNCT
cblr-14251	1064	144	while	while	SCONJ
cblr-14251	1064	145	reducing	reduce	VERB
cblr-14251	1064	146	burdens	burden	NOUN
cblr-14251	1064	147	on	on	ADP
cblr-14251	1064	148	showing	show	VERB
cblr-14251	1064	149	market	market	NOUN
cblr-14251	1064	150	efficiency	efficiency	NOUN
cblr-14251	1064	151	might	might	AUX
cblr-14251	1064	152	be	be	AUX
cblr-14251	1064	153	worth	worth	ADJ
cblr-14251	1064	154	considering	consider	VERB
cblr-14251	1064	155	.	.	PUNCT
cblr-14251	1065	1	demonstrating	demonstrate	VERB
cblr-14251	1065	2	loss	loss	NOUN
cblr-14251	1065	3	causation	causation	NOUN
cblr-14251	1065	4	would	would	AUX
cblr-14251	1065	5	be	be	AUX
cblr-14251	1065	6	sufficient	sufficient	ADJ
cblr-14251	1065	7	.	.	PUNCT
cblr-14251	1066	1	in	in	ADP
cblr-14251	1066	2	a	a	DET
cblr-14251	1066	3	slightly	slightly	ADV
cblr-14251	1066	4	different	different	ADJ
cblr-14251	1066	5	context	context	NOUN
cblr-14251	1066	6	,	,	PUNCT
cblr-14251	1066	7	professor	professor	NOUN
cblr-14251	1066	8	don	don	PROPN
cblr-14251	1066	9	langevoort	langevoort	PROPN
cblr-14251	1066	10	suggested	suggest	VERB
cblr-14251	1066	11	a	a	DET
cblr-14251	1066	12	similar	similar	ADJ
cblr-14251	1066	13	path	path	NOUN
cblr-14251	1066	14	forward	forward	ADV
cblr-14251	1066	15	in	in	ADP
cblr-14251	1066	16	considering	consider	VERB
cblr-14251	1066	17	courts	court	NOUN
cblr-14251	1066	18	’	'	PUNCT
cblr-14251	1066	19	confusion	confusion	NOUN
cblr-14251	1066	20	following	follow	VERB
cblr-14251	1066	21	the	the	DET
cblr-14251	1066	22	supreme	supreme	PROPN
cblr-14251	1066	23	court	court	PROPN
cblr-14251	1066	24	’s	’s	PART
cblr-14251	1066	25	decision	decision	NOUN
cblr-14251	1066	26	in	in	ADP
cblr-14251	1066	27	basic.264	basic.264	NOUN
cblr-14251	1066	28	requiring	require	VERB
cblr-14251	1066	29	plaintiffs	plaintiff	NOUN
cblr-14251	1066	30	to	to	PART
cblr-14251	1066	31	plead	plead	VERB
cblr-14251	1066	32	a	a	DET
cblr-14251	1066	33	strong	strong	ADJ
cblr-14251	1066	34	inference	inference	NOUN
cblr-14251	1066	35	of	of	ADP
cblr-14251	1066	36	materiality	materiality	NOUN
cblr-14251	1066	37	could	could	AUX
cblr-14251	1066	38	then	then	ADV
cblr-14251	1066	39	allow	allow	VERB
cblr-14251	1066	40	courts	court	NOUN
cblr-14251	1066	41	to	to	PART
cblr-14251	1066	42	focus	focus	VERB
cblr-14251	1066	43	on	on	ADP
cblr-14251	1066	44	the	the	DET
cblr-14251	1066	45	fraudulent	fraudulent	ADJ
cblr-14251	1066	46	or	or	CCONJ
cblr-14251	1066	47	manipulative	manipulative	ADJ
cblr-14251	1066	48	conduct	conduct	NOUN
cblr-14251	1066	49	–	–	PUNCT
cblr-14251	1066	50	i.e.	i.e.	X
cblr-14251	1066	51	,	,	PUNCT
cblr-14251	1066	52	that	that	SCONJ
cblr-14251	1066	53	260	260	NUM
cblr-14251	1066	54	see	see	VERB
cblr-14251	1066	55	i	i	PRON
cblr-14251	1066	56	d.	d.	PROPN
cblr-14251	1066	57	at	at	ADP
cblr-14251	1066	58	774	774	NUM
cblr-14251	1066	59	.	.	PUNCT
cblr-14251	1067	1	261	261	NUM
cblr-14251	1068	1	i	i	PRON
cblr-14251	1068	2	d.	d.	PROPN
cblr-14251	1068	3	(	(	PUNCT
cblr-14251	1068	4	also	also	ADV
cblr-14251	1068	5	noting	note	VERB
cblr-14251	1068	6	drawbacks	drawback	NOUN
cblr-14251	1068	7	of	of	ADP
cblr-14251	1068	8	this	this	DET
cblr-14251	1068	9	proposal	proposal	NOUN
cblr-14251	1068	10	,	,	PUNCT
cblr-14251	1068	11	including	include	VERB
cblr-14251	1068	12	that	that	SCONJ
cblr-14251	1068	13	courts	court	NOUN
cblr-14251	1068	14	would	would	AUX
cblr-14251	1068	15	still	still	ADV
cblr-14251	1068	16	need	need	VERB
cblr-14251	1068	17	to	to	PART
cblr-14251	1068	18	determine	determine	VERB
cblr-14251	1068	19	what	what	PRON
cblr-14251	1068	20	a	a	DET
cblr-14251	1068	21	hypothetical	hypothetical	ADJ
cblr-14251	1068	22	investor	investor	NOUN
cblr-14251	1068	23	would	would	AUX
cblr-14251	1068	24	care	care	VERB
cblr-14251	1068	25	about	about	ADP
cblr-14251	1068	26	and	and	CCONJ
cblr-14251	1068	27	that	that	SCONJ
cblr-14251	1068	28	investors	investor	NOUN
cblr-14251	1068	29	might	might	AUX
cblr-14251	1068	30	be	be	AUX
cblr-14251	1068	31	overcompensated	overcompensate	VERB
cblr-14251	1068	32	with	with	ADP
cblr-14251	1068	33	payments	payment	NOUN
cblr-14251	1068	34	for	for	ADP
cblr-14251	1068	35	losses	loss	NOUN
cblr-14251	1068	36	unrelated	unrelated	ADJ
cblr-14251	1068	37	to	to	ADP
cblr-14251	1068	38	the	the	DET
cblr-14251	1068	39	wrongdoing	wrongdoing	NOUN
cblr-14251	1068	40	)	)	PUNCT
cblr-14251	1068	41	.	.	PUNCT
cblr-14251	1069	1	262	262	NUM
cblr-14251	1069	2	i	i	PRON
cblr-14251	1069	3	d.	d.	PROPN
cblr-14251	1069	4	at	at	ADP
cblr-14251	1069	5	774–75	774–75	PROPN
cblr-14251	1069	6	(	(	PUNCT
cblr-14251	1069	7	explaining	explain	VERB
cblr-14251	1069	8	that	that	SCONJ
cblr-14251	1069	9	one	one	NUM
cblr-14251	1069	10	problem	problem	NOUN
cblr-14251	1069	11	here	here	ADV
cblr-14251	1069	12	is	be	AUX
cblr-14251	1069	13	that	that	PRON
cblr-14251	1069	14	huge	huge	ADJ
cblr-14251	1069	15	number	number	NOUN
cblr-14251	1069	16	of	of	ADP
cblr-14251	1069	17	investors	investor	NOUN
cblr-14251	1069	18	will	will	AUX
cblr-14251	1069	19	not	not	PART
cblr-14251	1069	20	be	be	AUX
cblr-14251	1069	21	able	able	ADJ
cblr-14251	1069	22	to	to	PART
cblr-14251	1069	23	recover	recover	VERB
cblr-14251	1069	24	if	if	SCONJ
cblr-14251	1069	25	they	they	PRON
cblr-14251	1069	26	can	can	AUX
cblr-14251	1069	27	not	not	PART
cblr-14251	1069	28	demonstrate	demonstrate	VERB
cblr-14251	1069	29	reliance	reliance	NOUN
cblr-14251	1069	30	)	)	PUNCT
cblr-14251	1069	31	.	.	PUNCT
cblr-14251	1070	1	263	263	NUM
cblr-14251	1071	1	i	i	PRON
cblr-14251	1071	2	d.	d.	PROPN
cblr-14251	1071	3	(	(	PUNCT
cblr-14251	1071	4	suggesting	suggest	VERB
cblr-14251	1071	5	that	that	SCONJ
cblr-14251	1071	6	investors	investor	NOUN
cblr-14251	1071	7	who	who	PRON
cblr-14251	1071	8	demonstrate	demonstrate	VERB
cblr-14251	1071	9	reliance	reliance	NOUN
cblr-14251	1071	10	be	be	AUX
cblr-14251	1071	11	entitled	entitle	VERB
cblr-14251	1071	12	to	to	ADP
cblr-14251	1071	13	a	a	DET
cblr-14251	1071	14	larger	large	ADJ
cblr-14251	1071	15	award	award	NOUN
cblr-14251	1071	16	than	than	ADP
cblr-14251	1071	17	those	those	PRON
cblr-14251	1071	18	who	who	PRON
cblr-14251	1071	19	rely	rely	VERB
cblr-14251	1071	20	solely	solely	ADV
cblr-14251	1071	21	on	on	ADP
cblr-14251	1071	22	the	the	DET
cblr-14251	1071	23	materiality	materiality	NOUN
cblr-14251	1071	24	of	of	ADP
cblr-14251	1071	25	the	the	DET
cblr-14251	1071	26	misstatement	misstatement	NOUN
cblr-14251	1071	27	)	)	PUNCT
cblr-14251	1071	28	.	.	PUNCT
cblr-14251	1072	1	264	264	NUM
cblr-14251	1072	2	langevoort	langevoort	NOUN
cblr-14251	1072	3	,	,	PUNCT
cblr-14251	1072	4	basic	basic	ADJ
cblr-14251	1072	5	at	at	ADP
cblr-14251	1072	6	twenty	twenty	NUM
cblr-14251	1072	7	,	,	PUNCT
cblr-14251	1072	8	supra	supra	ADJ
cblr-14251	1072	9	note	note	NOUN
cblr-14251	1072	10	103	103	NUM
cblr-14251	1072	11	,	,	PUNCT
cblr-14251	1072	12	at	at	ADP
cblr-14251	1072	13	46–47	46–47	NUM
cblr-14251	1072	14	(	(	PUNCT
cblr-14251	1072	15	suggesting	suggest	VERB
cblr-14251	1072	16	the	the	DET
cblr-14251	1072	17	extension	extension	NOUN
cblr-14251	1072	18	of	of	ADP
cblr-14251	1072	19	the	the	DET
cblr-14251	1072	20	heightened	heightened	ADJ
cblr-14251	1072	21	pleading	pleading	NOUN
cblr-14251	1072	22	standard	standard	NOUN
cblr-14251	1072	23	for	for	ADP
cblr-14251	1072	24	scienter	scienter	NOUN
cblr-14251	1072	25	to	to	ADP
cblr-14251	1072	26	materiality	materiality	NOUN
cblr-14251	1072	27	and	and	CCONJ
cblr-14251	1072	28	duty	duty	NOUN
cblr-14251	1072	29	to	to	PART
cblr-14251	1072	30	speak	speak	VERB
cblr-14251	1072	31	,	,	PUNCT
cblr-14251	1072	32	and	and	CCONJ
cblr-14251	1072	33	explaining	explain	VERB
cblr-14251	1072	34	that	that	SCONJ
cblr-14251	1072	35	“	"	PUNCT
cblr-14251	1072	36	[	[	X
cblr-14251	1072	37	o]nce	o]nce	NOUN
cblr-14251	1072	38	a	a	DET
cblr-14251	1072	39	case	case	NOUN
cblr-14251	1072	40	survives	survive	VERB
cblr-14251	1072	41	this	this	DET
cblr-14251	1072	42	early	early	ADJ
cblr-14251	1072	43	-	-	PUNCT
cblr-14251	1072	44	stage	stage	NOUN
cblr-14251	1072	45	merits	merit	NOUN
cblr-14251	1072	46	test	test	NOUN
cblr-14251	1072	47	,	,	PUNCT
cblr-14251	1072	48	however	however	ADV
cblr-14251	1072	49	-and	-and	ADP
cblr-14251	1072	50	many	many	ADJ
cblr-14251	1072	51	will	will	AUX
cblr-14251	1072	52	-there	-there	VERB
cblr-14251	1072	53	is	be	VERB
cblr-14251	1072	54	no	no	DET
cblr-14251	1072	55	need	need	NOUN
cblr-14251	1072	56	for	for	ADP
cblr-14251	1072	57	the	the	DET
cblr-14251	1072	58	overly	overly	ADV
cblr-14251	1072	59	harsh	harsh	ADJ
cblr-14251	1072	60	second	second	ADJ
cblr-14251	1072	61	round	round	NOUN
cblr-14251	1072	62	of	of	ADP
cblr-14251	1072	63	prediscovery	prediscovery	NOUN
cblr-14251	1072	64	defenses	defense	NOUN
cblr-14251	1072	65	on	on	ADP
cblr-14251	1072	66	matters	matter	NOUN
cblr-14251	1072	67	such	such	ADJ
cblr-14251	1072	68	as	as	ADP
cblr-14251	1072	69	market	market	NOUN
cblr-14251	1072	70	impact	impact	NOUN
cblr-14251	1072	71	or	or	CCONJ
cblr-14251	1072	72	loss	loss	NOUN
cblr-14251	1072	73	causation	causation	NOUN
cblr-14251	1072	74	.	.	PUNCT
cblr-14251	1072	75	.	.	PUNCT
cblr-14251	1072	76	.	.	PUNCT
cblr-14251	1073	1	.	.	PUNCT
cblr-14251	1074	1	nor	nor	CCONJ
cblr-14251	1074	2	for	for	ADP
cblr-14251	1074	3	obsession	obsession	NOUN
cblr-14251	1074	4	in	in	ADP
cblr-14251	1074	5	class	class	NOUN
cblr-14251	1074	6	certification	certification	NOUN
cblr-14251	1074	7	with	with	ADP
cblr-14251	1074	8	distractions	distraction	NOUN
cblr-14251	1074	9	such	such	ADJ
cblr-14251	1074	10	as	as	ADP
cblr-14251	1074	11	measures	measure	NOUN
cblr-14251	1074	12	of	of	ADP
cblr-14251	1074	13	market	market	NOUN
cblr-14251	1074	14	efficiency	efficiency	NOUN
cblr-14251	1074	15	”	"	PUNCT
cblr-14251	1074	16	)	)	PUNCT
cblr-14251	1074	17	.	.	PUNCT
cblr-14251	1075	1	langevoort	langevoort	PROPN
cblr-14251	1075	2	argues	argue	VERB
cblr-14251	1075	3	that	that	SCONJ
cblr-14251	1075	4	“	"	PUNCT
cblr-14251	1075	5	[	[	X
cblr-14251	1075	6	t]his	t]his	ADP
cblr-14251	1075	7	approach	approach	NOUN
cblr-14251	1075	8	-tough	-tough	NOUN
cblr-14251	1075	9	on	on	ADP
cblr-14251	1075	10	the	the	DET
cblr-14251	1075	11	merits	merit	NOUN
cblr-14251	1075	12	at	at	ADP
cblr-14251	1075	13	an	an	DET
cblr-14251	1075	14	early	early	ADJ
cblr-14251	1075	15	stage	stage	NOUN
cblr-14251	1075	16	of	of	ADP
cblr-14251	1075	17	the	the	DET
cblr-14251	1075	18	lawsuit	lawsuit	NOUN
cblr-14251	1075	19	,	,	PUNCT
cblr-14251	1075	20	but	but	CCONJ
cblr-14251	1075	21	more	more	ADJ
cblr-14251	1075	22	forgiving	forgiving	NOUN
cblr-14251	1075	23	once	once	ADV
cblr-14251	1075	24	there	there	PRON
cblr-14251	1075	25	is	be	VERB
cblr-14251	1075	26	a	a	DET
cblr-14251	1075	27	strong	strong	ADJ
cblr-14251	1075	28	inference	inference	NOUN
cblr-14251	1075	29	of	of	ADP
cblr-14251	1075	30	fraud	fraud	NOUN
cblr-14251	1075	31	-balances	-balance	VERB
cblr-14251	1075	32	the	the	DET
cblr-14251	1075	33	competing	compete	VERB
cblr-14251	1075	34	interests	interest	NOUN
cblr-14251	1075	35	of	of	ADP
cblr-14251	1075	36	deterrence	deterrence	NOUN
cblr-14251	1075	37	,	,	PUNCT
cblr-14251	1075	38	compensation	compensation	NOUN
cblr-14251	1075	39	and	and	CCONJ
cblr-14251	1075	40	cost	cost	NOUN
cblr-14251	1075	41	-	-	PUNCT
cblr-14251	1075	42	minimization	minimization	NOUN
cblr-14251	1075	43	.	.	PUNCT
cblr-14251	1075	44	”	"	PUNCT
cblr-14251	1076	1	i	i	PRON
cblr-14251	1076	2	d.	d.	PROPN
cblr-14251	1076	3	302	302	NUM
cblr-14251	1076	4	columbia	columbia	PROPN
cblr-14251	1076	5	business	business	PROPN
cblr-14251	1076	6	law	law	PROPN
cblr-14251	1076	7	review	review	NOUN
cblr-14251	1076	8	[	[	X
cblr-14251	1076	9	vol	vol	NOUN
cblr-14251	1076	10	.	.	PUNCT
cblr-14251	1076	11	2025	2025	NUM
cblr-14251	1076	12	there	there	PRON
cblr-14251	1076	13	was	be	VERB
cblr-14251	1076	14	a	a	DET
cblr-14251	1076	15	knowing	knowing	ADJ
cblr-14251	1076	16	misrepresentation	misrepresentation	NOUN
cblr-14251	1076	17	that	that	SCONJ
cblr-14251	1076	18	,	,	PUNCT
cblr-14251	1076	19	if	if	SCONJ
cblr-14251	1076	20	,	,	PUNCT
cblr-14251	1076	21	material	material	NOUN
cblr-14251	1076	22	to	to	ADP
cblr-14251	1076	23	plaintiffs	plaintiff	NOUN
cblr-14251	1076	24	,	,	PUNCT
cblr-14251	1076	25	reasonably	reasonably	ADV
cblr-14251	1076	26	meant	mean	VERB
cblr-14251	1076	27	that	that	SCONJ
cblr-14251	1076	28	those	those	DET
cblr-14251	1076	29	plaintiffs	plaintiff	NOUN
cblr-14251	1076	30	relied	rely	VERB
cblr-14251	1076	31	on	on	ADP
cblr-14251	1076	32	such	such	ADJ
cblr-14251	1076	33	.	.	PUNCT
cblr-14251	1077	1	it	it	PRON
cblr-14251	1077	2	may	may	AUX
cblr-14251	1077	3	also	also	ADV
cblr-14251	1077	4	be	be	AUX
cblr-14251	1077	5	worth	worth	ADJ
cblr-14251	1077	6	considering	consider	VERB
cblr-14251	1077	7	limiting	limit	VERB
cblr-14251	1077	8	some	some	PRON
cblr-14251	1077	9	of	of	ADP
cblr-14251	1077	10	the	the	DET
cblr-14251	1077	11	means	mean	NOUN
cblr-14251	1077	12	by	by	ADP
cblr-14251	1077	13	which	which	PRON
cblr-14251	1077	14	courts	court	NOUN
cblr-14251	1077	15	can	can	AUX
cblr-14251	1077	16	declare	declare	VERB
cblr-14251	1077	17	statements	statement	NOUN
cblr-14251	1077	18	immaterial	immaterial	ADJ
cblr-14251	1077	19	as	as	ADP
cblr-14251	1077	20	a	a	DET
cblr-14251	1077	21	matter	matter	NOUN
cblr-14251	1077	22	of	of	ADP
cblr-14251	1077	23	law	law	NOUN
cblr-14251	1077	24	simply	simply	ADV
cblr-14251	1077	25	on	on	ADP
cblr-14251	1077	26	the	the	DET
cblr-14251	1077	27	pleadings	pleading	NOUN
cblr-14251	1077	28	.	.	PUNCT
cblr-14251	1078	1	for	for	ADP
cblr-14251	1078	2	example	example	NOUN
cblr-14251	1078	3	,	,	PUNCT
cblr-14251	1078	4	courts	court	NOUN
cblr-14251	1078	5	have	have	AUX
cblr-14251	1078	6	ruled	rule	VERB
cblr-14251	1078	7	that	that	SCONJ
cblr-14251	1078	8	a	a	DET
cblr-14251	1078	9	reasonable	reasonable	ADJ
cblr-14251	1078	10	investor	investor	NOUN
cblr-14251	1078	11	would	would	AUX
cblr-14251	1078	12	dismiss	dismiss	VERB
cblr-14251	1078	13	various	various	ADJ
cblr-14251	1078	14	kinds	kind	NOUN
cblr-14251	1078	15	of	of	ADP
cblr-14251	1078	16	information	information	NOUN
cblr-14251	1078	17	as	as	SCONJ
cblr-14251	1078	18	too	too	ADV
cblr-14251	1078	19	trivial	trivial	ADJ
cblr-14251	1078	20	or	or	CCONJ
cblr-14251	1078	21	too	too	ADV
cblr-14251	1078	22	inconsequential.265	inconsequential.265	NOUN
cblr-14251	1078	23	courts	court	NOUN
cblr-14251	1078	24	have	have	AUX
cblr-14251	1078	25	also	also	ADV
cblr-14251	1078	26	determined	determine	VERB
cblr-14251	1078	27	that	that	SCONJ
cblr-14251	1078	28	a	a	DET
cblr-14251	1078	29	statement	statement	NOUN
cblr-14251	1078	30	is	be	AUX
cblr-14251	1078	31	immaterial	immaterial	ADJ
cblr-14251	1078	32	because	because	SCONJ
cblr-14251	1078	33	other	other	ADJ
cblr-14251	1078	34	truthful	truthful	ADJ
cblr-14251	1078	35	,	,	PUNCT
cblr-14251	1078	36	publicly	publicly	ADV
cblr-14251	1078	37	available	available	ADJ
cblr-14251	1078	38	information	information	NOUN
cblr-14251	1078	39	was	be	AUX
cblr-14251	1078	40	already	already	ADV
cblr-14251	1078	41	known	know	VERB
cblr-14251	1078	42	to	to	ADP
cblr-14251	1078	43	the	the	DET
cblr-14251	1078	44	market	market	NOUN
cblr-14251	1078	45	—	—	PUNCT
cblr-14251	1078	46	sometimes	sometimes	ADV
cblr-14251	1078	47	called	call	VERB
cblr-14251	1078	48	the	the	DET
cblr-14251	1078	49	“	"	PUNCT
cblr-14251	1078	50	truthon	truthon	ADJ
cblr-14251	1078	51	-	-	PUNCT
cblr-14251	1078	52	the	the	DET
cblr-14251	1078	53	-	-	PUNCT
cblr-14251	1078	54	market	market	NOUN
cblr-14251	1078	55	”	"	PUNCT
cblr-14251	1078	56	doctrine.266	doctrine.266	VERB
cblr-14251	1078	57	such	such	ADJ
cblr-14251	1078	58	doctrines	doctrine	NOUN
cblr-14251	1078	59	have	have	AUX
cblr-14251	1078	60	been	be	AUX
cblr-14251	1078	61	criticized	criticize	VERB
cblr-14251	1078	62	for	for	ADP
cblr-14251	1078	63	their	their	PRON
cblr-14251	1078	64	inconsistent	inconsistent	ADJ
cblr-14251	1078	65	application	application	NOUN
cblr-14251	1078	66	as	as	ADV
cblr-14251	1078	67	well	well	ADV
cblr-14251	1078	68	as	as	ADP
cblr-14251	1078	69	the	the	DET
cblr-14251	1078	70	unrealistic	unrealistic	ADJ
cblr-14251	1078	71	nature	nature	NOUN
cblr-14251	1078	72	of	of	ADP
cblr-14251	1078	73	their	their	PRON
cblr-14251	1078	74	inquiry	inquiry	NOUN
cblr-14251	1078	75	,	,	PUNCT
cblr-14251	1078	76	for	for	ADP
cblr-14251	1078	77	example	example	NOUN
cblr-14251	1078	78	for	for	ADP
cblr-14251	1078	79	“	"	PUNCT
cblr-14251	1078	80	falsely	falsely	ADV
cblr-14251	1078	81	imbu[ing	imbu[e	VERB
cblr-14251	1078	82	]	]	PUNCT
cblr-14251	1078	83	markets	market	NOUN
cblr-14251	1078	84	with	with	ADP
cblr-14251	1078	85	near	near	ADP
cblr-14251	1078	86	mystical	mystical	ADJ
cblr-14251	1078	87	perfection	perfection	NOUN
cblr-14251	1078	88	”	"	PUNCT
cblr-14251	1078	89	and	and	CCONJ
cblr-14251	1078	90	“	"	PUNCT
cblr-14251	1078	91	invit[ing	invit[ing	NOUN
cblr-14251	1078	92	]	]	PUNCT
cblr-14251	1078	93	courts	court	NOUN
cblr-14251	1078	94	to	to	PART
cblr-14251	1078	95	make	make	VERB
cblr-14251	1078	96	heroic	heroic	ADJ
cblr-14251	1078	97	assumptions	assumption	NOUN
cblr-14251	1078	98	about	about	ADP
cblr-14251	1078	99	how	how	SCONJ
cblr-14251	1078	100	quickly	quickly	ADV
cblr-14251	1078	101	markets	market	NOUN
cblr-14251	1078	102	can	can	AUX
cblr-14251	1078	103	interpret	interpret	VERB
cblr-14251	1078	104	and	and	CCONJ
cblr-14251	1078	105	digest	digest	VERB
cblr-14251	1078	106	obscure	obscure	ADJ
cblr-14251	1078	107	or	or	CCONJ
cblr-14251	1078	108	disaggregated	disaggregate	VERB
cblr-14251	1078	109	information	information	NOUN
cblr-14251	1078	110	.	.	PUNCT
cblr-14251	1079	1	”267	”267	ADP
cblr-14251	1079	2	a	a	DET
cblr-14251	1079	3	market	market	NOUN
cblr-14251	1079	4	for	for	ADP
cblr-14251	1079	5	individual	individual	ADJ
cblr-14251	1079	6	stocks	stock	NOUN
cblr-14251	1079	7	diminishes	diminish	VERB
cblr-14251	1079	8	the	the	DET
cblr-14251	1079	9	reliability	reliability	NOUN
cblr-14251	1079	10	of	of	ADP
cblr-14251	1079	11	such	such	ADJ
cblr-14251	1079	12	doctrines	doctrine	NOUN
cblr-14251	1079	13	further	far	ADV
cblr-14251	1079	14	:	:	PUNCT
cblr-14251	1079	15	demanddriven	demanddriven	VERB
cblr-14251	1079	16	factors	factor	NOUN
cblr-14251	1079	17	may	may	AUX
cblr-14251	1079	18	not	not	PART
cblr-14251	1079	19	easily	easily	ADV
cblr-14251	1079	20	be	be	AUX
cblr-14251	1079	21	categorized	categorize	VERB
cblr-14251	1079	22	as	as	ADP
cblr-14251	1079	23	“	"	PUNCT
cblr-14251	1079	24	truthful	truthful	ADJ
cblr-14251	1079	25	”	"	PUNCT
cblr-14251	1079	26	or	or	CCONJ
cblr-14251	1079	27	not	not	PART
cblr-14251	1079	28	,	,	PUNCT
cblr-14251	1079	29	and	and	CCONJ
cblr-14251	1079	30	it	it	PRON
cblr-14251	1079	31	is	be	AUX
cblr-14251	1079	32	unclear	unclear	ADJ
cblr-14251	1079	33	what	what	PRON
cblr-14251	1079	34	other	other	ADJ
cblr-14251	1079	35	information	information	NOUN
cblr-14251	1079	36	would	would	AUX
cblr-14251	1079	37	“	"	PUNCT
cblr-14251	1079	38	contradict	contradict	VERB
cblr-14251	1079	39	”	"	PUNCT
cblr-14251	1079	40	demand	demand	NOUN
cblr-14251	1079	41	-	-	PUNCT
cblr-14251	1079	42	based	base	VERB
cblr-14251	1079	43	information	information	NOUN
cblr-14251	1079	44	.	.	PUNCT
cblr-14251	1080	1	and	and	CCONJ
cblr-14251	1080	2	,	,	PUNCT
cblr-14251	1080	3	the	the	DET
cblr-14251	1080	4	idiosyncratic	idiosyncratic	ADJ
cblr-14251	1080	5	nature	nature	NOUN
cblr-14251	1080	6	of	of	ADP
cblr-14251	1080	7	demand	demand	NOUN
cblr-14251	1080	8	makes	make	VERB
cblr-14251	1080	9	it	it	PRON
cblr-14251	1080	10	harder	hard	ADJ
cblr-14251	1080	11	to	to	PART
cblr-14251	1080	12	categorically	categorically	ADV
cblr-14251	1080	13	declare	declare	VERB
cblr-14251	1080	14	a	a	DET
cblr-14251	1080	15	statement	statement	NOUN
cblr-14251	1080	16	immaterial	immaterial	ADJ
cblr-14251	1080	17	for	for	ADP
cblr-14251	1080	18	triviality	triviality	NOUN
cblr-14251	1080	19	.	.	PUNCT
cblr-14251	1081	1	another	another	DET
cblr-14251	1081	2	possibility	possibility	NOUN
cblr-14251	1081	3	is	be	AUX
cblr-14251	1081	4	to	to	PART
cblr-14251	1081	5	reduce	reduce	VERB
cblr-14251	1081	6	these	these	DET
cblr-14251	1081	7	burdens	burden	NOUN
cblr-14251	1081	8	for	for	ADP
cblr-14251	1081	9	stocks	stock	NOUN
cblr-14251	1081	10	that	that	PRON
cblr-14251	1081	11	are	be	AUX
cblr-14251	1081	12	more	more	ADV
cblr-14251	1081	13	thinly	thinly	ADV
cblr-14251	1081	14	traded	trade	VERB
cblr-14251	1081	15	.	.	PUNCT
cblr-14251	1082	1	these	these	DET
cblr-14251	1082	2	stocks	stock	NOUN
cblr-14251	1082	3	are	be	AUX
cblr-14251	1082	4	already	already	ADV
cblr-14251	1082	5	more	more	ADV
cblr-14251	1082	6	likely	likely	ADJ
cblr-14251	1082	7	to	to	PART
cblr-14251	1082	8	be	be	AUX
cblr-14251	1082	9	the	the	DET
cblr-14251	1082	10	subject	subject	NOUN
cblr-14251	1082	11	of	of	ADP
cblr-14251	1082	12	fraud	fraud	NOUN
cblr-14251	1082	13	,	,	PUNCT
cblr-14251	1082	14	especially	especially	ADV
cblr-14251	1082	15	fraud	fraud	VERB
cblr-14251	1082	16	that	that	SCONJ
cblr-14251	1082	17	targets	target	VERB
cblr-14251	1082	18	demand	demand	NOUN
cblr-14251	1082	19	-	-	PUNCT
cblr-14251	1082	20	driven	drive	VERB
cblr-14251	1082	21	factors.268	factors.268	NOUN
cblr-14251	1082	22	this	this	PRON
cblr-14251	1082	23	is	be	AUX
cblr-14251	1082	24	not	not	PART
cblr-14251	1082	25	least	least	ADJ
cblr-14251	1082	26	because	because	SCONJ
cblr-14251	1082	27	their	their	PRON
cblr-14251	1082	28	prices	price	NOUN
cblr-14251	1082	29	are	be	AUX
cblr-14251	1082	30	often	often	ADV
cblr-14251	1082	31	volatile	volatile	ADJ
cblr-14251	1082	32	and	and	CCONJ
cblr-14251	1082	33	highly	highly	ADV
cblr-14251	1082	34	responsive	responsive	ADJ
cblr-14251	1082	35	to	to	ADP
cblr-14251	1082	36	trading	trading	NOUN
cblr-14251	1082	37	.	.	PUNCT
cblr-14251	1083	1	of	of	ADP
cblr-14251	1083	2	course	course	NOUN
cblr-14251	1083	3	,	,	PUNCT
cblr-14251	1083	4	265	265	NUM
cblr-14251	1083	5	see	see	VERB
cblr-14251	1083	6	e.g.	e.g.	ADV
cblr-14251	1083	7	,	,	PUNCT
cblr-14251	1083	8	i	i	PROPN
cblr-14251	1083	9	d.	d.	PROPN
cblr-14251	1083	10	,	,	PUNCT
cblr-14251	1083	11	at	at	ADP
cblr-14251	1083	12	747–48	747–48	NUM
cblr-14251	1083	13	;	;	PUNCT
cblr-14251	1083	14	bainbridge	bainbridge	PROPN
cblr-14251	1083	15	&	&	CCONJ
cblr-14251	1083	16	gulati	gulati	PROPN
cblr-14251	1083	17	,	,	PUNCT
cblr-14251	1083	18	supra	supra	PROPN
cblr-14251	1083	19	note	note	NOUN
cblr-14251	1083	20	167	167	NUM
cblr-14251	1083	21	,	,	PUNCT
cblr-14251	1083	22	at	at	ADP
cblr-14251	1083	23	125–26	125–26	NUM
cblr-14251	1083	24	;	;	PUNCT
cblr-14251	1083	25	hoffman	hoffman	NOUN
cblr-14251	1083	26	,	,	PUNCT
cblr-14251	1083	27	supra	supra	PROPN
cblr-14251	1083	28	note	note	NOUN
cblr-14251	1083	29	120	120	NUM
cblr-14251	1083	30	,	,	PUNCT
cblr-14251	1083	31	at	at	ADP
cblr-14251	1083	32	573	573	NUM
cblr-14251	1083	33	.	.	NOUN
cblr-14251	1083	34	266	266	NUM
cblr-14251	1083	35	see	see	VERB
cblr-14251	1083	36	lipton	lipton	PROPN
cblr-14251	1083	37	,	,	PUNCT
cblr-14251	1083	38	supra	supra	PROPN
cblr-14251	1083	39	note	note	PROPN
cblr-14251	1083	40	160	160	NUM
cblr-14251	1083	41	,	,	PUNCT
cblr-14251	1083	42	at	at	ADP
cblr-14251	1083	43	748	748	NUM
cblr-14251	1083	44	;	;	PUNCT
cblr-14251	1083	45	hurt	hurt	VERB
cblr-14251	1083	46	,	,	PUNCT
cblr-14251	1083	47	supra	supra	PROPN
cblr-14251	1083	48	note	note	NOUN
cblr-14251	1083	49	125	125	NUM
cblr-14251	1083	50	,	,	PUNCT
cblr-14251	1083	51	at	at	ADP
cblr-14251	1083	52	800	800	NUM
cblr-14251	1083	53	.	.	PUNCT
cblr-14251	1084	1	267	267	NUM
cblr-14251	1084	2	lipton	lipton	PROPN
cblr-14251	1084	3	,	,	PUNCT
cblr-14251	1084	4	supra	supra	PROPN
cblr-14251	1084	5	note	note	PROPN
cblr-14251	1084	6	160	160	NUM
cblr-14251	1084	7	,	,	PUNCT
cblr-14251	1084	8	at	at	ADP
cblr-14251	1084	9	749	749	NUM
cblr-14251	1084	10	.	.	PUNCT
cblr-14251	1085	1	268	268	NUM
cblr-14251	1085	2	many	many	ADJ
cblr-14251	1085	3	pump	pump	NOUN
cblr-14251	1085	4	-	-	PUNCT
cblr-14251	1085	5	and	and	CCONJ
cblr-14251	1085	6	-	-	PUNCT
cblr-14251	1085	7	dump	dump	NOUN
cblr-14251	1085	8	schemes	scheme	NOUN
cblr-14251	1085	9	occur	occur	VERB
cblr-14251	1085	10	in	in	ADP
cblr-14251	1085	11	stocks	stock	NOUN
cblr-14251	1085	12	that	that	PRON
cblr-14251	1085	13	are	be	AUX
cblr-14251	1085	14	thinly	thinly	ADV
cblr-14251	1085	15	traded	trade	VERB
cblr-14251	1085	16	,	,	PUNCT
cblr-14251	1085	17	which	which	PRON
cblr-14251	1085	18	are	be	AUX
cblr-14251	1085	19	particularly	particularly	ADV
cblr-14251	1085	20	susceptible	susceptible	ADJ
cblr-14251	1085	21	to	to	ADP
cblr-14251	1085	22	price	price	NOUN
cblr-14251	1085	23	manipulation	manipulation	NOUN
cblr-14251	1085	24	due	due	ADP
cblr-14251	1085	25	to	to	ADP
cblr-14251	1085	26	lower	low	ADJ
cblr-14251	1085	27	liquidity	liquidity	NOUN
cblr-14251	1085	28	and	and	CCONJ
cblr-14251	1085	29	lack	lack	NOUN
cblr-14251	1085	30	of	of	ADP
cblr-14251	1085	31	information	information	NOUN
cblr-14251	1085	32	about	about	ADP
cblr-14251	1085	33	the	the	DET
cblr-14251	1085	34	stocks	stock	NOUN
cblr-14251	1085	35	.	.	PUNCT
cblr-14251	1086	1	see	see	VERB
cblr-14251	1086	2	microcap	microcap	PROPN
cblr-14251	1086	3	fraud	fraud	PROPN
cblr-14251	1086	4	,	,	PUNCT
cblr-14251	1086	5	sec	sec	PROPN
cblr-14251	1086	6	,	,	PUNCT
cblr-14251	1086	7	https://www.investor.gov/additional-resources/spotlight/microcap-fraud	https://www.investor.gov/additional-resources/spotlight/microcap-fraud	PROPN
cblr-14251	1087	1	[	[	X
cblr-14251	1087	2	https://perma.cc/6f4a-mjsv	https://perma.cc/6f4a-mjsv	X
cblr-14251	1087	3	]	]	PUNCT
cblr-14251	1087	4	.	.	PUNCT
cblr-14251	1088	1	no	no	INTJ
cblr-14251	1088	2	.	.	NOUN
cblr-14251	1088	3	1	1	NUM
cblr-14251	1088	4	]	]	PUNCT
cblr-14251	1088	5	securities	security	NOUN
cblr-14251	1088	6	fraud	fraud	NOUN
cblr-14251	1088	7	and	and	CCONJ
cblr-14251	1088	8	the	the	DET
cblr-14251	1088	9	market	market	NOUN
cblr-14251	1088	10	for	for	ADP
cblr-14251	1088	11	individual	individual	ADJ
cblr-14251	1088	12	stocks	stock	NOUN
cblr-14251	1088	13	303	303	NUM
cblr-14251	1088	14	this	this	DET
cblr-14251	1088	15	runs	run	VERB
cblr-14251	1088	16	into	into	ADP
cblr-14251	1088	17	previously	previously	ADV
cblr-14251	1088	18	-	-	PUNCT
cblr-14251	1088	19	identified	identify	VERB
cblr-14251	1088	20	problems	problem	NOUN
cblr-14251	1088	21	of	of	ADP
cblr-14251	1088	22	definition	definition	NOUN
cblr-14251	1088	23	(	(	PUNCT
cblr-14251	1088	24	e.g.	e.g.	ADV
cblr-14251	1088	25	,	,	PUNCT
cblr-14251	1088	26	what	what	PRON
cblr-14251	1088	27	does	do	AUX
cblr-14251	1088	28	“	"	PUNCT
cblr-14251	1088	29	thinly	thinly	ADV
cblr-14251	1088	30	-	-	PUNCT
cblr-14251	1088	31	traded	trade	VERB
cblr-14251	1088	32	”	"	PUNCT
cblr-14251	1088	33	mean	mean	NOUN
cblr-14251	1088	34	?	?	PUNCT
cblr-14251	1088	35	)	)	PUNCT
cblr-14251	1088	36	and	and	CCONJ
cblr-14251	1088	37	application	application	NOUN
cblr-14251	1088	38	.	.	PUNCT
cblr-14251	1089	1	the	the	DET
cblr-14251	1089	2	above	above	ADJ
cblr-14251	1089	3	responses	response	NOUN
cblr-14251	1089	4	implicitly	implicitly	ADV
cblr-14251	1089	5	assume	assume	VERB
cblr-14251	1089	6	that	that	SCONJ
cblr-14251	1089	7	demanddriven	demanddriven	VERB
cblr-14251	1089	8	factors	factor	NOUN
cblr-14251	1089	9	(	(	PUNCT
cblr-14251	1089	10	and	and	CCONJ
cblr-14251	1089	11	investors	investor	NOUN
cblr-14251	1089	12	who	who	PRON
cblr-14251	1089	13	trade	trade	VERB
cblr-14251	1089	14	accordingly	accordingly	ADV
cblr-14251	1089	15	)	)	PUNCT
cblr-14251	1089	16	deserve	deserve	VERB
cblr-14251	1089	17	serious	serious	ADJ
cblr-14251	1089	18	consideration	consideration	NOUN
cblr-14251	1089	19	under	under	ADP
cblr-14251	1089	20	the	the	DET
cblr-14251	1089	21	securities	security	NOUN
cblr-14251	1089	22	fraud	fraud	NOUN
cblr-14251	1089	23	laws	law	NOUN
cblr-14251	1089	24	.	.	PUNCT
cblr-14251	1090	1	another	another	DET
cblr-14251	1090	2	set	set	NOUN
cblr-14251	1090	3	of	of	ADP
cblr-14251	1090	4	responses	response	NOUN
cblr-14251	1090	5	might	might	AUX
cblr-14251	1090	6	be	be	AUX
cblr-14251	1090	7	motivated	motivate	VERB
cblr-14251	1090	8	by	by	ADP
cblr-14251	1090	9	the	the	DET
cblr-14251	1090	10	opposite	opposite	ADJ
cblr-14251	1090	11	view	view	NOUN
cblr-14251	1090	12	:	:	PUNCT
cblr-14251	1090	13	that	that	SCONJ
cblr-14251	1090	14	demand	demand	NOUN
cblr-14251	1090	15	-	-	PUNCT
cblr-14251	1090	16	driven	drive	VERB
cblr-14251	1090	17	trading	trading	NOUN
cblr-14251	1090	18	is	be	AUX
cblr-14251	1090	19	noisy	noisy	ADJ
cblr-14251	1090	20	and	and	CCONJ
cblr-14251	1090	21	therefore	therefore	ADV
cblr-14251	1090	22	undesirable	undesirable	ADJ
cblr-14251	1090	23	.	.	PUNCT
cblr-14251	1091	1	there	there	ADV
cblr-14251	1091	2	,	,	PUNCT
cblr-14251	1091	3	the	the	DET
cblr-14251	1091	4	logical	logical	ADJ
cblr-14251	1091	5	response	response	NOUN
cblr-14251	1091	6	would	would	AUX
cblr-14251	1091	7	be	be	AUX
cblr-14251	1091	8	to	to	PART
cblr-14251	1091	9	strengthen	strengthen	VERB
cblr-14251	1091	10	the	the	DET
cblr-14251	1091	11	market	market	NOUN
cblr-14251	1091	12	’s	’s	PART
cblr-14251	1091	13	anti	anti	ADJ
cblr-14251	1091	14	-	-	ADJ
cblr-14251	1091	15	demand	demand	ADJ
cblr-14251	1091	16	forces	force	NOUN
cblr-14251	1091	17	.	.	PUNCT
cblr-14251	1092	1	that	that	PRON
cblr-14251	1092	2	is	be	AUX
cblr-14251	1092	3	,	,	PUNCT
cblr-14251	1092	4	if	if	SCONJ
cblr-14251	1092	5	one	one	PRON
cblr-14251	1092	6	believes	believe	VERB
cblr-14251	1092	7	that	that	SCONJ
cblr-14251	1092	8	social	social	ADJ
cblr-14251	1092	9	media	medium	NOUN
cblr-14251	1092	10	and	and	CCONJ
cblr-14251	1092	11	individual	individual	ADJ
cblr-14251	1092	12	investor	investor	NOUN
cblr-14251	1092	13	demand	demand	NOUN
cblr-14251	1092	14	reduce	reduce	VERB
cblr-14251	1092	15	the	the	DET
cblr-14251	1092	16	market	market	NOUN
cblr-14251	1092	17	’s	’s	PART
cblr-14251	1092	18	ability	ability	NOUN
cblr-14251	1092	19	to	to	PART
cblr-14251	1092	20	accurately	accurately	ADV
cblr-14251	1092	21	price	price	VERB
cblr-14251	1092	22	stocks	stock	NOUN
cblr-14251	1092	23	and	and	CCONJ
cblr-14251	1092	24	therefore	therefore	ADV
cblr-14251	1092	25	its	its	PRON
cblr-14251	1092	26	efficient	efficient	ADJ
cblr-14251	1092	27	operation	operation	NOUN
cblr-14251	1092	28	,	,	PUNCT
cblr-14251	1092	29	then	then	ADV
cblr-14251	1092	30	it	it	PRON
cblr-14251	1092	31	becomes	become	VERB
cblr-14251	1092	32	more	more	ADV
cblr-14251	1092	33	difficult	difficult	ADJ
cblr-14251	1092	34	and	and	CCONJ
cblr-14251	1092	35	riskier	risky	ADJ
cblr-14251	1092	36	to	to	PART
cblr-14251	1092	37	bet	bet	VERB
cblr-14251	1092	38	against	against	ADP
cblr-14251	1092	39	these	these	DET
cblr-14251	1092	40	factors	factor	NOUN
cblr-14251	1092	41	,	,	PUNCT
cblr-14251	1092	42	as	as	SCONJ
cblr-14251	1092	43	they	they	PRON
cblr-14251	1092	44	by	by	ADP
cblr-14251	1092	45	definition	definition	NOUN
cblr-14251	1092	46	are	be	AUX
cblr-14251	1092	47	idiosyncratic	idiosyncratic	ADJ
cblr-14251	1092	48	and	and	CCONJ
cblr-14251	1092	49	irrational.269	irrational.269	VERB
cblr-14251	1092	50	social	social	ADJ
cblr-14251	1092	51	media	medium	NOUN
cblr-14251	1092	52	and	and	CCONJ
cblr-14251	1092	53	individual	individual	ADJ
cblr-14251	1092	54	demand	demand	NOUN
cblr-14251	1092	55	factors	factor	NOUN
cblr-14251	1092	56	only	only	ADV
cblr-14251	1092	57	exacerbate	exacerbate	VERB
cblr-14251	1092	58	this	this	DET
cblr-14251	1092	59	phenomenon	phenomenon	NOUN
cblr-14251	1092	60	.	.	PUNCT
cblr-14251	1093	1	one	one	NUM
cblr-14251	1093	2	counter	counter	NOUN
cblr-14251	1093	3	to	to	ADP
cblr-14251	1093	4	this	this	PRON
cblr-14251	1093	5	would	would	AUX
cblr-14251	1093	6	be	be	AUX
cblr-14251	1093	7	to	to	PART
cblr-14251	1093	8	reduce	reduce	VERB
cblr-14251	1093	9	costs	cost	NOUN
cblr-14251	1093	10	for	for	ADP
cblr-14251	1093	11	those	those	PRON
cblr-14251	1093	12	betting	bet	VERB
cblr-14251	1093	13	against	against	ADP
cblr-14251	1093	14	demand	demand	NOUN
cblr-14251	1093	15	-	-	PUNCT
cblr-14251	1093	16	driven	drive	VERB
cblr-14251	1093	17	investing.270	investing.270	NOUN
cblr-14251	1093	18	underlying	underlie	VERB
cblr-14251	1093	19	the	the	DET
cblr-14251	1093	20	discussion	discussion	NOUN
cblr-14251	1093	21	of	of	ADP
cblr-14251	1093	22	doctrine	doctrine	NOUN
cblr-14251	1093	23	are	be	AUX
cblr-14251	1093	24	important	important	ADJ
cblr-14251	1093	25	policy	policy	NOUN
cblr-14251	1093	26	considerations	consideration	NOUN
cblr-14251	1093	27	.	.	PUNCT
cblr-14251	1094	1	most	most	ADJ
cblr-14251	1094	2	of	of	ADP
cblr-14251	1094	3	these	these	PRON
cblr-14251	1094	4	are	be	AUX
cblr-14251	1094	5	not	not	PART
cblr-14251	1094	6	new	new	ADJ
cblr-14251	1094	7	.	.	PUNCT
cblr-14251	1095	1	they	they	PRON
cblr-14251	1095	2	involve	involve	VERB
cblr-14251	1095	3	judgments	judgment	NOUN
cblr-14251	1095	4	as	as	ADP
cblr-14251	1095	5	to	to	ADP
cblr-14251	1095	6	the	the	DET
cblr-14251	1095	7	purpose	purpose	NOUN
cblr-14251	1095	8	of	of	ADP
cblr-14251	1095	9	the	the	DET
cblr-14251	1095	10	securities	security	NOUN
cblr-14251	1095	11	fraud	fraud	NOUN
cblr-14251	1095	12	laws	law	NOUN
cblr-14251	1095	13	,	,	PUNCT
cblr-14251	1095	14	debate	debate	VERB
cblr-14251	1095	15	as	as	ADP
cblr-14251	1095	16	to	to	ADP
cblr-14251	1095	17	the	the	DET
cblr-14251	1095	18	appropriate	appropriate	ADJ
cblr-14251	1095	19	burdens	burden	NOUN
cblr-14251	1095	20	placed	place	VERB
cblr-14251	1095	21	on	on	ADP
cblr-14251	1095	22	litigants	litigant	NOUN
cblr-14251	1095	23	and	and	CCONJ
cblr-14251	1095	24	courts	court	NOUN
cblr-14251	1095	25	,	,	PUNCT
cblr-14251	1095	26	the	the	DET
cblr-14251	1095	27	identity	identity	NOUN
cblr-14251	1095	28	of	of	ADP
cblr-14251	1095	29	the	the	DET
cblr-14251	1095	30	investor	investor	NOUN
cblr-14251	1095	31	protected	protect	VERB
cblr-14251	1095	32	by	by	ADP
cblr-14251	1095	33	the	the	DET
cblr-14251	1095	34	securities	security	NOUN
cblr-14251	1095	35	laws	law	NOUN
cblr-14251	1095	36	,	,	PUNCT
cblr-14251	1095	37	and	and	CCONJ
cblr-14251	1095	38	what	what	DET
cblr-14251	1095	39	kind	kind	NOUN
cblr-14251	1095	40	of	of	ADP
cblr-14251	1095	41	marketplace	marketplace	NOUN
cblr-14251	1095	42	the	the	DET
cblr-14251	1095	43	laws	law	NOUN
cblr-14251	1095	44	intend	intend	VERB
cblr-14251	1095	45	to	to	ADP
cblr-14251	1095	46	promote.271	promote.271	NOUN
cblr-14251	1095	47	acknowledging	acknowledge	VERB
cblr-14251	1095	48	the	the	DET
cblr-14251	1095	49	existence	existence	NOUN
cblr-14251	1095	50	of	of	ADP
cblr-14251	1095	51	a	a	DET
cblr-14251	1095	52	market	market	NOUN
cblr-14251	1095	53	for	for	ADP
cblr-14251	1095	54	individual	individual	ADJ
cblr-14251	1095	55	stocks	stock	NOUN
cblr-14251	1095	56	reanimates	reanimate	VERB
cblr-14251	1095	57	a	a	DET
cblr-14251	1095	58	number	number	NOUN
cblr-14251	1095	59	of	of	ADP
cblr-14251	1095	60	these	these	DET
cblr-14251	1095	61	debates	debate	NOUN
cblr-14251	1095	62	.	.	PUNCT
cblr-14251	1096	1	first	first	ADV
cblr-14251	1096	2	,	,	PUNCT
cblr-14251	1096	3	is	be	AUX
cblr-14251	1096	4	the	the	DET
cblr-14251	1096	5	purpose	purpose	NOUN
cblr-14251	1096	6	of	of	ADP
cblr-14251	1096	7	the	the	DET
cblr-14251	1096	8	securities	security	NOUN
cblr-14251	1096	9	fraud	fraud	NOUN
cblr-14251	1096	10	laws	law	NOUN
cblr-14251	1096	11	to	to	PART
cblr-14251	1096	12	protect	protect	VERB
cblr-14251	1096	13	individual	individual	ADJ
cblr-14251	1096	14	investor	investor	NOUN
cblr-14251	1096	15	reliance	reliance	NOUN
cblr-14251	1096	16	,	,	PUNCT
cblr-14251	1096	17	or	or	CCONJ
cblr-14251	1096	18	to	to	PART
cblr-14251	1096	19	protect	protect	VERB
cblr-14251	1096	20	and	and	CCONJ
cblr-14251	1096	21	facilitate	facilitate	VERB
cblr-14251	1096	22	market	market	NOUN
cblr-14251	1096	23	integrity	integrity	NOUN
cblr-14251	1096	24	?	?	PUNCT
cblr-14251	1097	1	facilitating	facilitate	VERB
cblr-14251	1097	2	market	market	NOUN
cblr-14251	1097	3	integrity	integrity	NOUN
cblr-14251	1097	4	might	might	AUX
cblr-14251	1097	5	naturally	naturally	ADV
cblr-14251	1097	6	foster	foster	VERB
cblr-14251	1097	7	reliance	reliance	NOUN
cblr-14251	1097	8	;	;	PUNCT
cblr-14251	1097	9	269	269	NUM
cblr-14251	1097	10	see	see	VERB
cblr-14251	1097	11	asness	asness	PROPN
cblr-14251	1097	12	,	,	PUNCT
cblr-14251	1097	13	supra	supra	PROPN
cblr-14251	1097	14	note	note	PROPN
cblr-14251	1097	15	108	108	NUM
cblr-14251	1097	16	.	.	PUNCT
cblr-14251	1098	1	270	270	NUM
cblr-14251	1098	2	one	one	NUM
cblr-14251	1098	3	might	might	NOUN
cblr-14251	1098	4	,	,	PUNCT
cblr-14251	1098	5	for	for	ADP
cblr-14251	1098	6	example	example	NOUN
cblr-14251	1098	7	,	,	PUNCT
cblr-14251	1098	8	seek	seek	VERB
cblr-14251	1098	9	to	to	PART
cblr-14251	1098	10	lower	lower	VERB
cblr-14251	1098	11	costs	cost	NOUN
cblr-14251	1098	12	for	for	ADP
cblr-14251	1098	13	short	short	ADJ
cblr-14251	1098	14	sellers	seller	NOUN
cblr-14251	1098	15	,	,	PUNCT
cblr-14251	1098	16	if	if	SCONJ
cblr-14251	1098	17	we	we	PRON
cblr-14251	1098	18	believe	believe	VERB
cblr-14251	1098	19	that	that	SCONJ
cblr-14251	1098	20	demand	demand	NOUN
cblr-14251	1098	21	-	-	PUNCT
cblr-14251	1098	22	driven	drive	VERB
cblr-14251	1098	23	investing	investing	NOUN
cblr-14251	1098	24	tends	tend	VERB
cblr-14251	1098	25	to	to	PART
cblr-14251	1098	26	inflate	inflate	VERB
cblr-14251	1098	27	stock	stock	NOUN
cblr-14251	1098	28	prices	price	NOUN
cblr-14251	1098	29	above	above	ADP
cblr-14251	1098	30	their	their	PRON
cblr-14251	1098	31	rational	rational	ADJ
cblr-14251	1098	32	level	level	NOUN
cblr-14251	1098	33	.	.	PUNCT
cblr-14251	1099	1	271	271	NUM
cblr-14251	1099	2	lipton	lipton	PROPN
cblr-14251	1099	3	,	,	PUNCT
cblr-14251	1099	4	supra	supra	PROPN
cblr-14251	1099	5	note	note	PROPN
cblr-14251	1099	6	160	160	NUM
cblr-14251	1099	7	,	,	PUNCT
cblr-14251	1099	8	at	at	ADP
cblr-14251	1099	9	772	772	NUM
cblr-14251	1099	10	(	(	PUNCT
cblr-14251	1099	11	noting	note	VERB
cblr-14251	1099	12	that	that	SCONJ
cblr-14251	1099	13	“	"	PUNCT
cblr-14251	1099	14	it	it	PRON
cblr-14251	1099	15	has	have	AUX
cblr-14251	1099	16	long	long	ADV
cblr-14251	1099	17	been	be	AUX
cblr-14251	1099	18	understood	understand	VERB
cblr-14251	1099	19	that	that	SCONJ
cblr-14251	1099	20	any	any	DET
cblr-14251	1099	21	judicial	judicial	ADJ
cblr-14251	1099	22	assessment	assessment	NOUN
cblr-14251	1099	23	of	of	ADP
cblr-14251	1099	24	markets	market	NOUN
cblr-14251	1099	25	will	will	AUX
cblr-14251	1099	26	necessarily	necessarily	ADV
cblr-14251	1099	27	offer	offer	VERB
cblr-14251	1099	28	only	only	ADV
cblr-14251	1099	29	a	a	DET
cblr-14251	1099	30	rough	rough	ADJ
cblr-14251	1099	31	justice	justice	NOUN
cblr-14251	1099	32	,	,	PUNCT
cblr-14251	1099	33	”	"	PUNCT
cblr-14251	1099	34	and	and	CCONJ
cblr-14251	1099	35	that	that	SCONJ
cblr-14251	1099	36	“	"	PUNCT
cblr-14251	1099	37	standards	standard	NOUN
cblr-14251	1099	38	of	of	ADP
cblr-14251	1099	39	greater	great	ADJ
cblr-14251	1099	40	or	or	CCONJ
cblr-14251	1099	41	lesser	less	ADJ
cblr-14251	1099	42	stringency	stringency	NOUN
cblr-14251	1099	43	may	may	AUX
cblr-14251	1099	44	not	not	PART
cblr-14251	1099	45	be	be	AUX
cblr-14251	1099	46	attributable	attributable	ADJ
cblr-14251	1099	47	to	to	ADP
cblr-14251	1099	48	judicial	judicial	ADJ
cblr-14251	1099	49	misapprehension	misapprehension	NOUN
cblr-14251	1099	50	so	so	ADV
cblr-14251	1099	51	much	much	ADV
cblr-14251	1099	52	as	as	ADP
cblr-14251	1099	53	a	a	DET
cblr-14251	1099	54	calculated	calculated	ADJ
cblr-14251	1099	55	preference	preference	NOUN
cblr-14251	1099	56	as	as	ADP
cblr-14251	1099	57	to	to	ADP
cblr-14251	1099	58	where	where	SCONJ
cblr-14251	1099	59	to	to	PART
cblr-14251	1099	60	allocate	allocate	VERB
cblr-14251	1099	61	the	the	DET
cblr-14251	1099	62	burden	burden	NOUN
cblr-14251	1099	63	of	of	ADP
cblr-14251	1099	64	uncertainty	uncertainty	NOUN
cblr-14251	1099	65	for	for	ADP
cblr-14251	1099	66	an	an	DET
cblr-14251	1099	67	inquiry	inquiry	NOUN
cblr-14251	1099	68	—	—	PUNCT
cblr-14251	1099	69	the	the	DET
cblr-14251	1099	70	market	market	NOUN
cblr-14251	1099	71	effects	effect	NOUN
cblr-14251	1099	72	of	of	ADP
cblr-14251	1099	73	a	a	DET
cblr-14251	1099	74	fraud	fraud	NOUN
cblr-14251	1099	75	—	—	PUNCT
cblr-14251	1099	76	that	that	PRON
cblr-14251	1099	77	is	be	AUX
cblr-14251	1099	78	inherently	inherently	ADV
cblr-14251	1099	79	uncertain	uncertain	ADJ
cblr-14251	1099	80	”	"	PUNCT
cblr-14251	1099	81	)	)	PUNCT
cblr-14251	1099	82	.	.	PUNCT
cblr-14251	1100	1	304	304	NUM
cblr-14251	1100	2	columbia	columbia	PROPN
cblr-14251	1100	3	business	business	NOUN
cblr-14251	1100	4	law	law	PROPN
cblr-14251	1100	5	review	review	NOUN
cblr-14251	1100	6	[	[	X
cblr-14251	1100	7	vol	vol	NOUN
cblr-14251	1100	8	.	.	PUNCT
cblr-14251	1100	9	2025	2025	NUM
cblr-14251	1100	10	investors	investor	NOUN
cblr-14251	1100	11	more	more	ADV
cblr-14251	1100	12	securely	securely	ADV
cblr-14251	1100	13	rely	rely	VERB
cblr-14251	1100	14	on	on	ADP
cblr-14251	1100	15	information	information	NOUN
cblr-14251	1100	16	in	in	ADP
cblr-14251	1100	17	a	a	DET
cblr-14251	1100	18	market	market	NOUN
cblr-14251	1100	19	that	that	PRON
cblr-14251	1100	20	promotes	promote	VERB
cblr-14251	1100	21	public	public	ADJ
cblr-14251	1100	22	dissemination	dissemination	NOUN
cblr-14251	1100	23	of	of	ADP
cblr-14251	1100	24	truthful	truthful	ADJ
cblr-14251	1100	25	information	information	NOUN
cblr-14251	1100	26	.	.	PUNCT
cblr-14251	1101	1	yet	yet	ADV
cblr-14251	1101	2	as	as	SCONJ
cblr-14251	1101	3	the	the	DET
cblr-14251	1101	4	previous	previous	ADJ
cblr-14251	1101	5	sections	section	NOUN
cblr-14251	1101	6	show	show	VERB
cblr-14251	1101	7	,	,	PUNCT
cblr-14251	1101	8	the	the	DET
cblr-14251	1101	9	overlap	overlap	NOUN
cblr-14251	1101	10	is	be	AUX
cblr-14251	1101	11	not	not	PART
cblr-14251	1101	12	perfect	perfect	ADJ
cblr-14251	1101	13	,	,	PUNCT
cblr-14251	1101	14	and	and	CCONJ
cblr-14251	1101	15	many	many	ADJ
cblr-14251	1101	16	securities	security	NOUN
cblr-14251	1101	17	fraud	fraud	NOUN
cblr-14251	1101	18	doctrines	doctrine	NOUN
cblr-14251	1101	19	may	may	AUX
cblr-14251	1101	20	focus	focus	VERB
cblr-14251	1101	21	on	on	ADP
cblr-14251	1101	22	protecting	protect	VERB
cblr-14251	1101	23	informational	informational	ADJ
cblr-14251	1101	24	integrity	integrity	NOUN
cblr-14251	1101	25	without	without	ADP
cblr-14251	1101	26	fully	fully	ADV
cblr-14251	1101	27	considering	consider	VERB
cblr-14251	1101	28	the	the	DET
cblr-14251	1101	29	reality	reality	NOUN
cblr-14251	1101	30	and	and	CCONJ
cblr-14251	1101	31	complexity	complexity	NOUN
cblr-14251	1101	32	of	of	ADP
cblr-14251	1101	33	the	the	DET
cblr-14251	1101	34	individual	individual	ADJ
cblr-14251	1101	35	investor.272	investor.272	PROPN
cblr-14251	1101	36	as	as	ADP
cblr-14251	1101	37	professor	professor	PROPN
cblr-14251	1101	38	lipton	lipton	PROPN
cblr-14251	1101	39	has	have	AUX
cblr-14251	1101	40	reminded	remind	VERB
cblr-14251	1101	41	us	we	PRON
cblr-14251	1101	42	,	,	PUNCT
cblr-14251	1101	43	“	"	PUNCT
cblr-14251	1101	44	[	[	X
cblr-14251	1101	45	o]nce	o]nce	NOUN
cblr-14251	1101	46	,	,	PUNCT
cblr-14251	1101	47	section	section	NOUN
cblr-14251	1101	48	10(b	10(b	NUM
cblr-14251	1101	49	)	)	PUNCT
cblr-14251	1101	50	lawsuits	lawsuit	NOUN
cblr-14251	1101	51	were	be	AUX
cblr-14251	1101	52	rooted	root	VERB
cblr-14251	1101	53	in	in	ADP
cblr-14251	1101	54	interference	interference	NOUN
cblr-14251	1101	55	with	with	ADP
cblr-14251	1101	56	the	the	DET
cblr-14251	1101	57	plaintiff	plaintiff	NOUN
cblr-14251	1101	58	’s	’s	PART
cblr-14251	1101	59	decisional	decisional	ADJ
cblr-14251	1101	60	autonomy	autonomy	NOUN
cblr-14251	1101	61	;	;	PUNCT
cblr-14251	1101	62	today	today	NOUN
cblr-14251	1101	63	,	,	PUNCT
cblr-14251	1101	64	they	they	PRON
cblr-14251	1101	65	proscribe	proscribe	VERB
cblr-14251	1101	66	what	what	PRON
cblr-14251	1101	67	can	can	AUX
cblr-14251	1101	68	best	well	ADV
cblr-14251	1101	69	be	be	AUX
cblr-14251	1101	70	described	describe	VERB
cblr-14251	1101	71	as	as	ADP
cblr-14251	1101	72	the	the	DET
cblr-14251	1101	73	wrongful	wrongful	ADJ
cblr-14251	1101	74	causation	causation	NOUN
cblr-14251	1101	75	of	of	ADP
cblr-14251	1101	76	economic	economic	ADJ
cblr-14251	1101	77	harm	harm	NOUN
cblr-14251	1101	78	.	.	PUNCT
cblr-14251	1102	1	”273	”273	VERB
cblr-14251	1102	2	in	in	ADP
cblr-14251	1102	3	addition	addition	NOUN
cblr-14251	1102	4	,	,	PUNCT
cblr-14251	1102	5	the	the	DET
cblr-14251	1102	6	possibility	possibility	NOUN
cblr-14251	1102	7	of	of	ADP
cblr-14251	1102	8	capturing	capture	VERB
cblr-14251	1102	9	all	all	DET
cblr-14251	1102	10	statements	statement	NOUN
cblr-14251	1102	11	targeted	target	VERB
cblr-14251	1102	12	at	at	ADP
cblr-14251	1102	13	demand	demand	NOUN
cblr-14251	1102	14	-	-	PUNCT
cblr-14251	1102	15	driven	drive	VERB
cblr-14251	1102	16	investing	investing	NOUN
cblr-14251	1102	17	implicates	implicate	VERB
cblr-14251	1102	18	particularly	particularly	ADV
cblr-14251	1102	19	thorny	thorny	ADJ
cblr-14251	1102	20	questions	question	NOUN
cblr-14251	1102	21	regarding	regard	VERB
cblr-14251	1102	22	speech	speech	NOUN
cblr-14251	1102	23	in	in	ADP
cblr-14251	1102	24	the	the	DET
cblr-14251	1102	25	stock	stock	NOUN
cblr-14251	1102	26	markets	market	NOUN
cblr-14251	1102	27	.	.	PUNCT
cblr-14251	1103	1	in	in	ADP
cblr-14251	1103	2	particular	particular	ADJ
cblr-14251	1103	3	,	,	PUNCT
cblr-14251	1103	4	any	any	DET
cblr-14251	1103	5	expansion	expansion	NOUN
cblr-14251	1103	6	of	of	ADP
cblr-14251	1103	7	the	the	DET
cblr-14251	1103	8	boundaries	boundary	NOUN
cblr-14251	1103	9	on	on	ADP
cblr-14251	1103	10	actionable	actionable	ADJ
cblr-14251	1103	11	statements	statement	NOUN
cblr-14251	1103	12	risks	risk	NOUN
cblr-14251	1103	13	chilling	chill	VERB
cblr-14251	1103	14	legitimate	legitimate	ADJ
cblr-14251	1103	15	speech.274	speech.274	NOUN
cblr-14251	1103	16	this	this	PRON
cblr-14251	1103	17	is	be	AUX
cblr-14251	1103	18	one	one	NUM
cblr-14251	1103	19	reason	reason	NOUN
cblr-14251	1103	20	to	to	ADP
cblr-14251	1103	21	cabin	cabin	NOUN
cblr-14251	1103	22	securities	security	NOUN
cblr-14251	1103	23	fraud	fraud	NOUN
cblr-14251	1103	24	liability	liability	NOUN
cblr-14251	1103	25	to	to	ADP
cblr-14251	1103	26	speech	speech	NOUN
cblr-14251	1103	27	that	that	PRON
cblr-14251	1103	28	is	be	AUX
cblr-14251	1103	29	clearly	clearly	ADV
cblr-14251	1103	30	problematic	problematic	ADJ
cblr-14251	1103	31	through	through	ADP
cblr-14251	1103	32	its	its	PRON
cblr-14251	1103	33	interference	interference	NOUN
cblr-14251	1103	34	with	with	ADP
cblr-14251	1103	35	market	market	NOUN
cblr-14251	1103	36	and	and	CCONJ
cblr-14251	1103	37	price	price	NOUN
cblr-14251	1103	38	integrity	integrity	NOUN
cblr-14251	1103	39	.	.	PUNCT
cblr-14251	1104	1	doing	do	VERB
cblr-14251	1104	2	so	so	ADV
cblr-14251	1104	3	promotes	promote	VERB
cblr-14251	1104	4	a	a	DET
cblr-14251	1104	5	participatory	participatory	ADJ
cblr-14251	1104	6	trading	trading	NOUN
cblr-14251	1104	7	environment	environment	NOUN
cblr-14251	1104	8	and	and	CCONJ
cblr-14251	1104	9	encourages	encourage	VERB
cblr-14251	1104	10	taking	take	VERB
cblr-14251	1104	11	a	a	DET
cblr-14251	1104	12	stake	stake	NOUN
cblr-14251	1104	13	in	in	ADP
cblr-14251	1104	14	the	the	DET
cblr-14251	1104	15	stock	stock	NOUN
cblr-14251	1104	16	272	272	NUM
cblr-14251	1104	17	consider	consider	VERB
cblr-14251	1104	18	the	the	DET
cblr-14251	1104	19	analogy	analogy	NOUN
cblr-14251	1104	20	between	between	ADP
cblr-14251	1104	21	investor	investor	NOUN
cblr-14251	1104	22	fraud	fraud	NOUN
cblr-14251	1104	23	and	and	CCONJ
cblr-14251	1104	24	consumer	consumer	NOUN
cblr-14251	1104	25	fraud	fraud	NOUN
cblr-14251	1104	26	.	.	PUNCT
cblr-14251	1105	1	protecting	protect	VERB
cblr-14251	1105	2	reliance	reliance	NOUN
cblr-14251	1105	3	on	on	ADP
cblr-14251	1105	4	demand	demand	NOUN
cblr-14251	1105	5	-	-	PUNCT
cblr-14251	1105	6	driven	drive	VERB
cblr-14251	1105	7	factors	factor	NOUN
cblr-14251	1105	8	is	be	AUX
cblr-14251	1105	9	sensible	sensible	ADJ
cblr-14251	1105	10	if	if	SCONJ
cblr-14251	1105	11	the	the	DET
cblr-14251	1105	12	goal	goal	NOUN
cblr-14251	1105	13	is	be	AUX
cblr-14251	1105	14	to	to	PART
cblr-14251	1105	15	protect	protect	VERB
cblr-14251	1105	16	investor	investor	NOUN
cblr-14251	1105	17	autonomy	autonomy	NOUN
cblr-14251	1105	18	and	and	CCONJ
cblr-14251	1105	19	decision	decision	NOUN
cblr-14251	1105	20	-	-	PUNCT
cblr-14251	1105	21	making	making	NOUN
cblr-14251	1105	22	.	.	PUNCT
cblr-14251	1106	1	under	under	ADP
cblr-14251	1106	2	the	the	DET
cblr-14251	1106	3	lanham	lanham	PROPN
cblr-14251	1106	4	act	act	NOUN
cblr-14251	1106	5	,	,	PUNCT
cblr-14251	1106	6	a	a	DET
cblr-14251	1106	7	plaintiff	plaintiff	NOUN
cblr-14251	1106	8	must	must	AUX
cblr-14251	1106	9	show	show	VERB
cblr-14251	1106	10	that	that	SCONJ
cblr-14251	1106	11	the	the	DET
cblr-14251	1106	12	advertisement	advertisement	NOUN
cblr-14251	1106	13	was	be	AUX
cblr-14251	1106	14	“	"	PUNCT
cblr-14251	1106	15	material	material	ADJ
cblr-14251	1106	16	,	,	PUNCT
cblr-14251	1106	17	”	"	PUNCT
cblr-14251	1106	18	defined	define	VERB
cblr-14251	1106	19	as	as	ADP
cblr-14251	1106	20	“	"	PUNCT
cblr-14251	1106	21	likely	likely	ADJ
cblr-14251	1106	22	to	to	PART
cblr-14251	1106	23	affect	affect	VERB
cblr-14251	1106	24	the	the	DET
cblr-14251	1106	25	purchasing	purchase	VERB
cblr-14251	1106	26	decisions	decision	NOUN
cblr-14251	1106	27	of	of	ADP
cblr-14251	1106	28	a	a	DET
cblr-14251	1106	29	substantial	substantial	ADJ
cblr-14251	1106	30	portion	portion	NOUN
cblr-14251	1106	31	of	of	ADP
cblr-14251	1106	32	the	the	DET
cblr-14251	1106	33	relevant	relevant	ADJ
cblr-14251	1106	34	audience	audience	NOUN
cblr-14251	1106	35	.	.	PUNCT
cblr-14251	1106	36	”	"	PUNCT
cblr-14251	1107	1	roberts	roberts	PROPN
cblr-14251	1107	2	,	,	PUNCT
cblr-14251	1107	3	supra	supra	PROPN
cblr-14251	1107	4	note	note	PROPN
cblr-14251	1107	5	11	11	NUM
cblr-14251	1107	6	,	,	PUNCT
cblr-14251	1107	7	at	at	ADP
cblr-14251	1107	8	125	125	NUM
cblr-14251	1107	9	.	.	PUNCT
cblr-14251	1108	1	courts	court	NOUN
cblr-14251	1108	2	look	look	VERB
cblr-14251	1108	3	at	at	ADP
cblr-14251	1108	4	evidence	evidence	NOUN
cblr-14251	1108	5	and	and	CCONJ
cblr-14251	1108	6	consider	consider	VERB
cblr-14251	1108	7	the	the	DET
cblr-14251	1108	8	interaction	interaction	NOUN
cblr-14251	1108	9	with	with	ADP
cblr-14251	1108	10	falsity	falsity	NOUN
cblr-14251	1108	11	,	,	PUNCT
cblr-14251	1108	12	“	"	PUNCT
cblr-14251	1108	13	inherent	inherent	ADJ
cblr-14251	1108	14	”	"	PUNCT
cblr-14251	1108	15	characteristics	characteristic	NOUN
cblr-14251	1108	16	of	of	ADP
cblr-14251	1108	17	the	the	DET
cblr-14251	1108	18	goods	good	NOUN
cblr-14251	1108	19	or	or	CCONJ
cblr-14251	1108	20	services	service	NOUN
cblr-14251	1108	21	,	,	PUNCT
cblr-14251	1108	22	and	and	CCONJ
cblr-14251	1108	23	so	so	ADV
cblr-14251	1108	24	on	on	ADV
cblr-14251	1108	25	.	.	PUNCT
cblr-14251	1109	1	273	273	NUM
cblr-14251	1109	2	lipton	lipton	PROPN
cblr-14251	1109	3	,	,	PUNCT
cblr-14251	1109	4	supra	supra	PROPN
cblr-14251	1109	5	note	note	PROPN
cblr-14251	1109	6	160	160	NUM
cblr-14251	1109	7	,	,	PUNCT
cblr-14251	1109	8	at	at	ADP
cblr-14251	1109	9	741–42	741–42	PROPN
cblr-14251	1109	10	.	.	PROPN
cblr-14251	1109	11	274	274	NUM
cblr-14251	1109	12	while	while	SCONJ
cblr-14251	1109	13	a	a	DET
cblr-14251	1109	14	full	full	ADJ
cblr-14251	1109	15	treatment	treatment	NOUN
cblr-14251	1109	16	of	of	ADP
cblr-14251	1109	17	the	the	DET
cblr-14251	1109	18	issue	issue	NOUN
cblr-14251	1109	19	is	be	AUX
cblr-14251	1109	20	beyond	beyond	ADP
cblr-14251	1109	21	the	the	DET
cblr-14251	1109	22	scope	scope	NOUN
cblr-14251	1109	23	of	of	ADP
cblr-14251	1109	24	this	this	DET
cblr-14251	1109	25	article	article	NOUN
cblr-14251	1109	26	,	,	PUNCT
cblr-14251	1109	27	for	for	ADP
cblr-14251	1109	28	a	a	DET
cblr-14251	1109	29	more	more	ADJ
cblr-14251	1109	30	in	in	ADP
cblr-14251	1109	31	-	-	PUNCT
cblr-14251	1109	32	depth	depth	NOUN
cblr-14251	1109	33	treatment	treatment	NOUN
cblr-14251	1109	34	of	of	ADP
cblr-14251	1109	35	first	first	ADJ
cblr-14251	1109	36	amendment	amendment	NOUN
cblr-14251	1109	37	applicability	applicability	NOUN
cblr-14251	1109	38	to	to	ADP
cblr-14251	1109	39	securities	security	NOUN
cblr-14251	1109	40	disclosure	disclosure	NOUN
cblr-14251	1109	41	rules	rule	NOUN
cblr-14251	1109	42	,	,	PUNCT
cblr-14251	1109	43	see	see	VERB
cblr-14251	1109	44	,	,	PUNCT
cblr-14251	1109	45	e.g.	e.g.	ADV
cblr-14251	1109	46	,	,	PUNCT
cblr-14251	1110	1	frederick	frederick	PROPN
cblr-14251	1110	2	schauer	schauer	NOUN
cblr-14251	1110	3	,	,	PUNCT
cblr-14251	1110	4	the	the	DET
cblr-14251	1110	5	boundaries	boundary	NOUN
cblr-14251	1110	6	of	of	ADP
cblr-14251	1110	7	the	the	DET
cblr-14251	1110	8	first	first	ADJ
cblr-14251	1110	9	amendment	amendment	NOUN
cblr-14251	1110	10	:	:	PUNCT
cblr-14251	1110	11	a	a	DET
cblr-14251	1110	12	preliminary	preliminary	ADJ
cblr-14251	1110	13	exploration	exploration	NOUN
cblr-14251	1110	14	of	of	ADP
cblr-14251	1110	15	constitutional	constitutional	ADJ
cblr-14251	1110	16	salience	salience	NOUN
cblr-14251	1110	17	,	,	PUNCT
cblr-14251	1110	18	117	117	NUM
cblr-14251	1110	19	harv	harv	NOUN
cblr-14251	1110	20	.	.	PUNCT
cblr-14251	1111	1	l.	l.	PROPN
cblr-14251	1111	2	rev	rev	PROPN
cblr-14251	1111	3	.	.	PROPN
cblr-14251	1111	4	1765	1765	NUM
cblr-14251	1111	5	,	,	PUNCT
cblr-14251	1111	6	1778–80	1778–80	PROPN
cblr-14251	1111	7	(	(	PUNCT
cblr-14251	1111	8	2004	2004	NUM
cblr-14251	1111	9	)	)	PUNCT
cblr-14251	1111	10	(	(	PUNCT
cblr-14251	1111	11	pointing	point	VERB
cblr-14251	1111	12	out	out	ADP
cblr-14251	1111	13	that	that	SCONJ
cblr-14251	1111	14	“	"	PUNCT
cblr-14251	1111	15	the	the	DET
cblr-14251	1111	16	sec	sec	PROPN
cblr-14251	1111	17	engages	engage	VERB
cblr-14251	1111	18	in	in	ADP
cblr-14251	1111	19	a	a	DET
cblr-14251	1111	20	pervasive	pervasive	ADJ
cblr-14251	1111	21	process	process	NOUN
cblr-14251	1111	22	of	of	ADP
cblr-14251	1111	23	controlling	control	VERB
cblr-14251	1111	24	speech	speech	NOUN
cblr-14251	1111	25	on	on	ADP
cblr-14251	1111	26	the	the	DET
cblr-14251	1111	27	basis	basis	NOUN
cblr-14251	1111	28	of	of	ADP
cblr-14251	1111	29	its	its	PRON
cblr-14251	1111	30	content	content	NOUN
cblr-14251	1111	31	”	"	PUNCT
cblr-14251	1111	32	and	and	CCONJ
cblr-14251	1111	33	describing	describe	VERB
cblr-14251	1111	34	securities	security	NOUN
cblr-14251	1111	35	regulation	regulation	NOUN
cblr-14251	1111	36	as	as	ADP
cblr-14251	1111	37	a	a	DET
cblr-14251	1111	38	“	"	PUNCT
cblr-14251	1111	39	prime	prime	ADJ
cblr-14251	1111	40	example	example	NOUN
cblr-14251	1111	41	of	of	ADP
cblr-14251	1111	42	the	the	DET
cblr-14251	1111	43	speech	speech	NOUN
cblr-14251	1111	44	that	that	PRON
cblr-14251	1111	45	is	be	AUX
cblr-14251	1111	46	relatively	relatively	ADV
cblr-14251	1111	47	invisibly	invisibly	ADV
cblr-14251	1111	48	outside	outside	ADP
cblr-14251	1111	49	the	the	DET
cblr-14251	1111	50	first	first	ADJ
cblr-14251	1111	51	amendment	amendment	NOUN
cblr-14251	1111	52	’s	’s	PART
cblr-14251	1111	53	boundaries	boundary	NOUN
cblr-14251	1111	54	”	"	PUNCT
cblr-14251	1111	55	)	)	PUNCT
cblr-14251	1111	56	;	;	PUNCT
cblr-14251	1111	57	helen	helen	PROPN
cblr-14251	1111	58	norton	norton	PROPN
cblr-14251	1111	59	,	,	PUNCT
cblr-14251	1111	60	what	what	PRON
cblr-14251	1111	61	twenty	twenty	NUM
cblr-14251	1111	62	-	-	PUNCT
cblr-14251	1111	63	first	first	ADJ
cblr-14251	1111	64	-	-	PUNCT
cblr-14251	1111	65	century	century	NOUN
cblr-14251	1111	66	free	free	ADJ
cblr-14251	1111	67	speech	speech	NOUN
cblr-14251	1111	68	law	law	NOUN
cblr-14251	1111	69	means	mean	VERB
cblr-14251	1111	70	for	for	ADP
cblr-14251	1111	71	securities	security	NOUN
cblr-14251	1111	72	regulation	regulation	NOUN
cblr-14251	1111	73	,	,	PUNCT
cblr-14251	1111	74	99	99	NUM
cblr-14251	1111	75	notre	notre	PROPN
cblr-14251	1111	76	dame	dame	PROPN
cblr-14251	1111	77	l.	l.	PROPN
cblr-14251	1111	78	rev	rev	PROPN
cblr-14251	1111	79	.	.	PROPN
cblr-14251	1111	80	97	97	NUM
cblr-14251	1111	81	(	(	PUNCT
cblr-14251	1111	82	2023	2023	NUM
cblr-14251	1111	83	)	)	PUNCT
cblr-14251	1111	84	;	;	PUNCT
cblr-14251	1111	85	helen	helen	PROPN
cblr-14251	1111	86	norton	norton	PROPN
cblr-14251	1111	87	,	,	PUNCT
cblr-14251	1111	88	manipulation	manipulation	NOUN
cblr-14251	1111	89	and	and	CCONJ
cblr-14251	1111	90	the	the	DET
cblr-14251	1111	91	first	first	ADJ
cblr-14251	1111	92	amendment	amendment	NOUN
cblr-14251	1111	93	,	,	PUNCT
cblr-14251	1111	94	30	30	NUM
cblr-14251	1111	95	wm	wm	PROPN
cblr-14251	1111	96	.	.	PROPN
cblr-14251	1111	97	&	&	CCONJ
cblr-14251	1111	98	mary	mary	PROPN
cblr-14251	1111	99	bill	bill	PROPN
cblr-14251	1111	100	rts	rts	PROPN
cblr-14251	1111	101	.	.	PUNCT
cblr-14251	1112	1	j.	j.	PROPN
cblr-14251	1112	2	221	221	PROPN
cblr-14251	1112	3	,	,	PUNCT
cblr-14251	1112	4	233	233	NUM
cblr-14251	1112	5	(	(	PUNCT
cblr-14251	1112	6	2021	2021	NUM
cblr-14251	1112	7	)	)	PUNCT
cblr-14251	1112	8	(	(	PUNCT
cblr-14251	1112	9	exploring	explore	VERB
cblr-14251	1112	10	the	the	DET
cblr-14251	1112	11	interaction	interaction	NOUN
cblr-14251	1112	12	between	between	ADP
cblr-14251	1112	13	first	first	ADJ
cblr-14251	1112	14	amendment	amendment	NOUN
cblr-14251	1112	15	protections	protection	NOUN
cblr-14251	1112	16	and	and	CCONJ
cblr-14251	1112	17	manipulation	manipulation	NOUN
cblr-14251	1112	18	and	and	CCONJ
cblr-14251	1112	19	arguing	argue	VERB
cblr-14251	1112	20	that	that	SCONJ
cblr-14251	1112	21	the	the	DET
cblr-14251	1112	22	supreme	supreme	PROPN
cblr-14251	1112	23	court	court	PROPN
cblr-14251	1112	24	’s	’s	PART
cblr-14251	1112	25	doctrine	doctrine	NOUN
cblr-14251	1112	26	on	on	ADP
cblr-14251	1112	27	commercial	commercial	ADJ
cblr-14251	1112	28	speech	speech	NOUN
cblr-14251	1112	29	should	should	AUX
cblr-14251	1112	30	be	be	AUX
cblr-14251	1112	31	extended	extend	VERB
cblr-14251	1112	32	to	to	PART
cblr-14251	1112	33	include	include	VERB
cblr-14251	1112	34	“	"	PUNCT
cblr-14251	1112	35	manipulative	manipulative	ADJ
cblr-14251	1112	36	”	"	PUNCT
cblr-14251	1112	37	commercial	commercial	ADJ
cblr-14251	1112	38	speech	speech	NOUN
cblr-14251	1112	39	)	)	PUNCT
cblr-14251	1112	40	.	.	PUNCT
cblr-14251	1113	1	no	no	INTJ
cblr-14251	1113	2	.	.	NOUN
cblr-14251	1113	3	1	1	NUM
cblr-14251	1113	4	]	]	PUNCT
cblr-14251	1113	5	securities	security	NOUN
cblr-14251	1113	6	fraud	fraud	NOUN
cblr-14251	1113	7	and	and	CCONJ
cblr-14251	1113	8	the	the	DET
cblr-14251	1113	9	market	market	NOUN
cblr-14251	1113	10	for	for	ADP
cblr-14251	1113	11	individual	individual	ADJ
cblr-14251	1113	12	stocks	stock	NOUN
cblr-14251	1113	13	305	305	NUM
cblr-14251	1113	14	market	market	NOUN
cblr-14251	1113	15	without	without	ADP
cblr-14251	1113	16	fear	fear	NOUN
cblr-14251	1113	17	of	of	ADP
cblr-14251	1113	18	inadvertent	inadvertent	ADJ
cblr-14251	1113	19	liability.275	liability.275	PROPN
cblr-14251	1113	20	professor	professor	PROPN
cblr-14251	1113	21	christine	christine	PROPN
cblr-14251	1113	22	hurt	hurt	PROPN
cblr-14251	1113	23	,	,	PUNCT
cblr-14251	1113	24	in	in	ADP
cblr-14251	1113	25	considering	consider	VERB
cblr-14251	1113	26	whether	whether	SCONJ
cblr-14251	1113	27	the	the	DET
cblr-14251	1113	28	securities	security	NOUN
cblr-14251	1113	29	laws	law	NOUN
cblr-14251	1113	30	should	should	AUX
cblr-14251	1113	31	distinguish	distinguish	VERB
cblr-14251	1113	32	between	between	ADP
cblr-14251	1113	33	a	a	DET
cblr-14251	1113	34	company	company	NOUN
cblr-14251	1113	35	’s	’s	PART
cblr-14251	1113	36	formal	formal	ADJ
cblr-14251	1113	37	corporate	corporate	ADJ
cblr-14251	1113	38	statements	statement	NOUN
cblr-14251	1113	39	and	and	CCONJ
cblr-14251	1113	40	those	those	PRON
cblr-14251	1113	41	it	it	PRON
cblr-14251	1113	42	makes	make	VERB
cblr-14251	1113	43	on	on	ADP
cblr-14251	1113	44	social	social	ADJ
cblr-14251	1113	45	media	medium	NOUN
cblr-14251	1113	46	,	,	PUNCT
cblr-14251	1113	47	argues	argue	VERB
cblr-14251	1113	48	that	that	SCONJ
cblr-14251	1113	49	the	the	DET
cblr-14251	1113	50	categories	category	NOUN
cblr-14251	1113	51	of	of	ADP
cblr-14251	1113	52	speech	speech	NOUN
cblr-14251	1113	53	that	that	PRON
cblr-14251	1113	54	would	would	AUX
cblr-14251	1113	55	give	give	VERB
cblr-14251	1113	56	rise	rise	NOUN
cblr-14251	1113	57	to	to	ADP
cblr-14251	1113	58	securities	security	NOUN
cblr-14251	1113	59	fraud	fraud	NOUN
cblr-14251	1113	60	liability	liability	NOUN
cblr-14251	1113	61	under	under	ADP
cblr-14251	1113	62	rule	rule	NOUN
cblr-14251	1113	63	10b-5	10b-5	NUM
cblr-14251	1113	64	should	should	AUX
cblr-14251	1113	65	be	be	AUX
cblr-14251	1113	66	limited	limit	VERB
cblr-14251	1113	67	in	in	ADP
cblr-14251	1113	68	light	light	NOUN
cblr-14251	1113	69	of	of	ADP
cblr-14251	1113	70	the	the	DET
cblr-14251	1113	71	vast	vast	ADJ
cblr-14251	1113	72	and	and	CCONJ
cblr-14251	1113	73	varying	vary	VERB
cblr-14251	1113	74	platforms	platform	NOUN
cblr-14251	1113	75	on	on	ADP
cblr-14251	1113	76	which	which	PRON
cblr-14251	1113	77	speech	speech	NOUN
cblr-14251	1113	78	occurs	occur	VERB
cblr-14251	1113	79	,	,	PUNCT
cblr-14251	1113	80	from	from	ADP
cblr-14251	1113	81	social	social	ADJ
cblr-14251	1113	82	media	medium	NOUN
cblr-14251	1113	83	to	to	ADP
cblr-14251	1113	84	news	news	NOUN
cblr-14251	1113	85	conferences	conference	NOUN
cblr-14251	1113	86	to	to	ADP
cblr-14251	1113	87	formal	formal	ADJ
cblr-14251	1113	88	filings.276	filings.276	NOUN
cblr-14251	1113	89	on	on	ADP
cblr-14251	1113	90	the	the	DET
cblr-14251	1113	91	other	other	ADJ
cblr-14251	1113	92	hand	hand	NOUN
cblr-14251	1113	93	,	,	PUNCT
cblr-14251	1113	94	limiting	limit	VERB
cblr-14251	1113	95	liability	liability	NOUN
cblr-14251	1113	96	could	could	AUX
cblr-14251	1113	97	foster	foster	VERB
cblr-14251	1113	98	fraud	fraud	NOUN
cblr-14251	1113	99	and	and	CCONJ
cblr-14251	1113	100	potentially	potentially	ADV
cblr-14251	1113	101	leave	leave	VERB
cblr-14251	1113	102	a	a	DET
cblr-14251	1113	103	growing	grow	VERB
cblr-14251	1113	104	swath	swath	NOUN
cblr-14251	1113	105	of	of	ADP
cblr-14251	1113	106	investors	investor	NOUN
cblr-14251	1113	107	without	without	ADP
cblr-14251	1113	108	recourse	recourse	NOUN
cblr-14251	1113	109	under	under	ADP
cblr-14251	1113	110	the	the	DET
cblr-14251	1113	111	securities	security	NOUN
cblr-14251	1113	112	laws	law	NOUN
cblr-14251	1113	113	.	.	PUNCT
cblr-14251	1114	1	over	over	ADP
cblr-14251	1114	2	the	the	DET
cblr-14251	1114	3	years	year	NOUN
cblr-14251	1114	4	,	,	PUNCT
cblr-14251	1114	5	much	much	ADJ
cblr-14251	1114	6	debate	debate	NOUN
cblr-14251	1114	7	has	have	AUX
cblr-14251	1114	8	considered	consider	VERB
cblr-14251	1114	9	the	the	DET
cblr-14251	1114	10	proper	proper	ADJ
cblr-14251	1114	11	scope	scope	NOUN
cblr-14251	1114	12	of	of	ADP
cblr-14251	1114	13	section	section	NOUN
cblr-14251	1114	14	10(b	10(b	NUM
cblr-14251	1114	15	)	)	PUNCT
cblr-14251	1114	16	and	and	CCONJ
cblr-14251	1114	17	rule	rule	NOUN
cblr-14251	1114	18	10b-5	10b-5	NUM
cblr-14251	1114	19	,	,	PUNCT
cblr-14251	1114	20	including	include	VERB
cblr-14251	1114	21	the	the	DET
cblr-14251	1114	22	social	social	ADJ
cblr-14251	1114	23	benefit	benefit	NOUN
cblr-14251	1114	24	(	(	PUNCT
cblr-14251	1114	25	and	and	CCONJ
cblr-14251	1114	26	cost	cost	NOUN
cblr-14251	1114	27	)	)	PUNCT
cblr-14251	1114	28	of	of	ADP
cblr-14251	1114	29	securities	security	NOUN
cblr-14251	1114	30	actions	action	NOUN
cblr-14251	1114	31	,	,	PUNCT
cblr-14251	1114	32	their	their	PRON
cblr-14251	1114	33	purpose	purpose	NOUN
cblr-14251	1114	34	,	,	PUNCT
cblr-14251	1114	35	which	which	PRON
cblr-14251	1114	36	actors	actor	NOUN
cblr-14251	1114	37	are	be	AUX
cblr-14251	1114	38	best	well	ADV
cblr-14251	1114	39	positioned	positioned	ADJ
cblr-14251	1114	40	to	to	PART
cblr-14251	1114	41	bring	bring	VERB
cblr-14251	1114	42	such	such	ADJ
cblr-14251	1114	43	suits	suit	NOUN
cblr-14251	1114	44	,	,	PUNCT
cblr-14251	1114	45	and	and	CCONJ
cblr-14251	1114	46	the	the	DET
cblr-14251	1114	47	merits	merit	NOUN
cblr-14251	1114	48	of	of	ADP
cblr-14251	1114	49	the	the	DET
cblr-14251	1114	50	assumptions	assumption	NOUN
cblr-14251	1114	51	underlying	underlie	VERB
cblr-14251	1114	52	the	the	DET
cblr-14251	1114	53	increasingly	increasingly	ADV
cblr-14251	1114	54	complex	complex	ADJ
cblr-14251	1114	55	regime.277	regime.277	NOUN
cblr-14251	1114	56	a	a	DET
cblr-14251	1114	57	full	full	ADJ
cblr-14251	1114	58	treatment	treatment	NOUN
cblr-14251	1114	59	of	of	ADP
cblr-14251	1114	60	the	the	DET
cblr-14251	1114	61	arguments	argument	NOUN
cblr-14251	1114	62	is	be	AUX
cblr-14251	1114	63	beyond	beyond	ADP
cblr-14251	1114	64	the	the	DET
cblr-14251	1114	65	scope	scope	NOUN
cblr-14251	1114	66	of	of	ADP
cblr-14251	1114	67	this	this	DET
cblr-14251	1114	68	article	article	NOUN
cblr-14251	1114	69	.	.	PUNCT
cblr-14251	1115	1	nor	nor	CCONJ
cblr-14251	1115	2	do	do	AUX
cblr-14251	1115	3	i	i	PRON
cblr-14251	1115	4	advocate	advocate	VERB
cblr-14251	1115	5	overhauling	overhaul	VERB
cblr-14251	1115	6	the	the	DET
cblr-14251	1115	7	275	275	NUM
cblr-14251	1115	8	see	see	NOUN
cblr-14251	1115	9	fisch	fisch	PROPN
cblr-14251	1115	10	,	,	PUNCT
cblr-14251	1115	11	supra	supra	PROPN
cblr-14251	1115	12	note	note	PROPN
cblr-14251	1115	13	81	81	NUM
cblr-14251	1115	14	,	,	PUNCT
cblr-14251	1115	15	at	at	ADP
cblr-14251	1115	16	1836–43	1836–43	NUM
cblr-14251	1115	17	(	(	PUNCT
cblr-14251	1115	18	discussing	discuss	VERB
cblr-14251	1115	19	how	how	SCONJ
cblr-14251	1115	20	direct	direct	ADJ
cblr-14251	1115	21	stock	stock	NOUN
cblr-14251	1115	22	ownership	ownership	NOUN
cblr-14251	1115	23	can	can	AUX
cblr-14251	1115	24	promote	promote	VERB
cblr-14251	1115	25	citizen	citizen	NOUN
cblr-14251	1115	26	capitalism	capitalism	NOUN
cblr-14251	1115	27	)	)	PUNCT
cblr-14251	1115	28	;	;	PUNCT
cblr-14251	1116	1	jack	jack	PROPN
cblr-14251	1116	2	m.	m.	PROPN
cblr-14251	1116	3	balkin	balkin	PROPN
cblr-14251	1116	4	,	,	PUNCT
cblr-14251	1116	5	digital	digital	ADJ
cblr-14251	1116	6	speech	speech	NOUN
cblr-14251	1116	7	and	and	CCONJ
cblr-14251	1116	8	democratic	democratic	ADJ
cblr-14251	1116	9	culture	culture	NOUN
cblr-14251	1116	10	:	:	PUNCT
cblr-14251	1116	11	a	a	DET
cblr-14251	1116	12	theory	theory	NOUN
cblr-14251	1116	13	of	of	ADP
cblr-14251	1116	14	freedom	freedom	NOUN
cblr-14251	1116	15	of	of	ADP
cblr-14251	1116	16	expression	expression	NOUN
cblr-14251	1116	17	for	for	ADP
cblr-14251	1116	18	the	the	DET
cblr-14251	1116	19	information	information	NOUN
cblr-14251	1116	20	society	society	NOUN
cblr-14251	1116	21	,	,	PUNCT
cblr-14251	1116	22	79	79	NUM
cblr-14251	1116	23	n.y.u	n.y.u	NOUN
cblr-14251	1116	24	.	.	PUNCT
cblr-14251	1117	1	l.	l.	PROPN
cblr-14251	1117	2	rev	rev	PROPN
cblr-14251	1117	3	.	.	PROPN
cblr-14251	1117	4	1	1	NUM
cblr-14251	1117	5	(	(	PUNCT
cblr-14251	1117	6	2004	2004	NUM
cblr-14251	1117	7	)	)	PUNCT
cblr-14251	1117	8	(	(	PUNCT
cblr-14251	1117	9	exploring	explore	VERB
cblr-14251	1117	10	how	how	SCONJ
cblr-14251	1117	11	digital	digital	ADJ
cblr-14251	1117	12	technologies	technology	NOUN
cblr-14251	1117	13	alter	alter	VERB
cblr-14251	1117	14	the	the	DET
cblr-14251	1117	15	social	social	ADJ
cblr-14251	1117	16	conditions	condition	NOUN
cblr-14251	1117	17	of	of	ADP
cblr-14251	1117	18	speech	speech	NOUN
cblr-14251	1117	19	and	and	CCONJ
cblr-14251	1117	20	arguing	argue	VERB
cblr-14251	1117	21	that	that	SCONJ
cblr-14251	1117	22	free	free	ADJ
cblr-14251	1117	23	speech	speech	NOUN
cblr-14251	1117	24	theory	theory	NOUN
cblr-14251	1117	25	should	should	AUX
cblr-14251	1117	26	promote	promote	VERB
cblr-14251	1117	27	a	a	DET
cblr-14251	1117	28	participatory	participatory	ADJ
cblr-14251	1117	29	,	,	PUNCT
cblr-14251	1117	30	democratic	democratic	ADJ
cblr-14251	1117	31	culture	culture	NOUN
cblr-14251	1117	32	)	)	PUNCT
cblr-14251	1117	33	.	.	PUNCT
cblr-14251	1118	1	276	276	NUM
cblr-14251	1118	2	hurt	hurt	NOUN
cblr-14251	1118	3	,	,	PUNCT
cblr-14251	1118	4	supra	supra	PROPN
cblr-14251	1118	5	note	note	NOUN
cblr-14251	1118	6	125	125	NUM
cblr-14251	1118	7	,	,	PUNCT
cblr-14251	1118	8	at	at	ADP
cblr-14251	1118	9	789	789	NUM
cblr-14251	1118	10	(	(	PUNCT
cblr-14251	1118	11	explaining	explain	VERB
cblr-14251	1118	12	that	that	SCONJ
cblr-14251	1118	13	“	"	PUNCT
cblr-14251	1118	14	there	there	PRON
cblr-14251	1118	15	may	may	AUX
cblr-14251	1118	16	be	be	AUX
cblr-14251	1118	17	a	a	DET
cblr-14251	1118	18	level	level	NOUN
cblr-14251	1118	19	of	of	ADP
cblr-14251	1118	20	socially	socially	ADV
cblr-14251	1118	21	acceptable	acceptable	ADJ
cblr-14251	1118	22	securities	security	NOUN
cblr-14251	1118	23	fraud	fraud	NOUN
cblr-14251	1118	24	that	that	PRON
cblr-14251	1118	25	must	must	AUX
cblr-14251	1118	26	be	be	AUX
cblr-14251	1118	27	tolerated	tolerate	VERB
cblr-14251	1118	28	in	in	ADP
cblr-14251	1118	29	an	an	DET
cblr-14251	1118	30	information	information	NOUN
cblr-14251	1118	31	society	society	NOUN
cblr-14251	1118	32	”	"	PUNCT
cblr-14251	1118	33	)	)	PUNCT
cblr-14251	1118	34	.	.	PUNCT
cblr-14251	1119	1	this	this	PRON
cblr-14251	1119	2	also	also	ADV
cblr-14251	1119	3	raises	raise	VERB
cblr-14251	1119	4	very	very	ADV
cblr-14251	1119	5	difficult	difficult	ADJ
cblr-14251	1119	6	questions	question	NOUN
cblr-14251	1119	7	in	in	ADP
cblr-14251	1119	8	light	light	NOUN
cblr-14251	1119	9	of	of	ADP
cblr-14251	1119	10	first	first	ADJ
cblr-14251	1119	11	amendment	amendment	NOUN
cblr-14251	1119	12	implications	implication	NOUN
cblr-14251	1119	13	.	.	PUNCT
cblr-14251	1120	1	see	see	VERB
cblr-14251	1120	2	e.g.	e.g.	ADV
cblr-14251	1120	3	,	,	PUNCT
cblr-14251	1120	4	helen	helen	PROPN
cblr-14251	1120	5	norton	norton	PROPN
cblr-14251	1120	6	,	,	PUNCT
cblr-14251	1120	7	manipulation	manipulation	NOUN
cblr-14251	1120	8	and	and	CCONJ
cblr-14251	1120	9	the	the	DET
cblr-14251	1120	10	first	first	ADJ
cblr-14251	1120	11	amendment	amendment	NOUN
cblr-14251	1120	12	,	,	PUNCT
cblr-14251	1120	13	30	30	NUM
cblr-14251	1120	14	wm	wm	PROPN
cblr-14251	1120	15	.	.	PROPN
cblr-14251	1120	16	&	&	CCONJ
cblr-14251	1120	17	mary	mary	PROPN
cblr-14251	1120	18	bill	bill	PROPN
cblr-14251	1120	19	rts	rts	PROPN
cblr-14251	1120	20	.	.	PUNCT
cblr-14251	1121	1	j.	j.	PROPN
cblr-14251	1121	2	221	221	NUM
cblr-14251	1121	3	(	(	PUNCT
cblr-14251	1121	4	2021	2021	NUM
cblr-14251	1121	5	)	)	PUNCT
cblr-14251	1121	6	(	(	PUNCT
cblr-14251	1121	7	exploring	explore	VERB
cblr-14251	1121	8	the	the	DET
cblr-14251	1121	9	interaction	interaction	NOUN
cblr-14251	1121	10	between	between	ADP
cblr-14251	1121	11	first	first	ADJ
cblr-14251	1121	12	amendment	amendment	NOUN
cblr-14251	1121	13	protections	protection	NOUN
cblr-14251	1121	14	and	and	CCONJ
cblr-14251	1121	15	regulating	regulate	VERB
cblr-14251	1121	16	manipulation	manipulation	NOUN
cblr-14251	1121	17	)	)	PUNCT
cblr-14251	1121	18	.	.	PUNCT
cblr-14251	1122	1	277	277	NUM
cblr-14251	1122	2	see	see	VERB
cblr-14251	1122	3	,	,	PUNCT
cblr-14251	1122	4	e.g.	e.g.	ADV
cblr-14251	1122	5	,	,	PUNCT
cblr-14251	1122	6	zohar	zohar	PROPN
cblr-14251	1122	7	goshen	goshen	PROPN
cblr-14251	1122	8	&	&	CCONJ
cblr-14251	1122	9	gideon	gideon	PROPN
cblr-14251	1122	10	parchomovsky	parchomovsky	PROPN
cblr-14251	1122	11	,	,	PUNCT
cblr-14251	1122	12	the	the	DET
cblr-14251	1122	13	essential	essential	ADJ
cblr-14251	1122	14	role	role	NOUN
cblr-14251	1122	15	of	of	ADP
cblr-14251	1122	16	securities	security	NOUN
cblr-14251	1122	17	regulation	regulation	NOUN
cblr-14251	1122	18	,	,	PUNCT
cblr-14251	1122	19	55	55	NUM
cblr-14251	1122	20	duke	duke	PROPN
cblr-14251	1122	21	l.j	l.j	PROPN
cblr-14251	1122	22	.	.	PROPN
cblr-14251	1122	23	711	711	NUM
cblr-14251	1122	24	,	,	PUNCT
cblr-14251	1122	25	711	711	NUM
cblr-14251	1122	26	(	(	PUNCT
cblr-14251	1122	27	2006	2006	NUM
cblr-14251	1122	28	)	)	PUNCT
cblr-14251	1122	29	(	(	PUNCT
cblr-14251	1122	30	arguing	argue	VERB
cblr-14251	1122	31	that	that	SCONJ
cblr-14251	1122	32	securities	security	NOUN
cblr-14251	1122	33	regulation	regulation	NOUN
cblr-14251	1122	34	is	be	AUX
cblr-14251	1122	35	and	and	CCONJ
cblr-14251	1122	36	should	should	AUX
cblr-14251	1122	37	be	be	AUX
cblr-14251	1122	38	designed	design	VERB
cblr-14251	1122	39	to	to	PART
cblr-14251	1122	40	protect	protect	VERB
cblr-14251	1122	41	and	and	CCONJ
cblr-14251	1122	42	promote	promote	VERB
cblr-14251	1122	43	information	information	NOUN
cblr-14251	1122	44	traders	trader	NOUN
cblr-14251	1122	45	’	’	PART
cblr-14251	1122	46	work	work	NOUN
cblr-14251	1122	47	)	)	PUNCT
cblr-14251	1122	48	;	;	PUNCT
cblr-14251	1122	49	james	james	PROPN
cblr-14251	1122	50	j.	j.	PROPN
cblr-14251	1122	51	park	park	PROPN
cblr-14251	1122	52	,	,	PUNCT
cblr-14251	1122	53	rules	rule	NOUN
cblr-14251	1122	54	,	,	PUNCT
cblr-14251	1122	55	principles	principle	NOUN
cblr-14251	1122	56	,	,	PUNCT
cblr-14251	1122	57	and	and	CCONJ
cblr-14251	1122	58	the	the	DET
cblr-14251	1122	59	competition	competition	NOUN
cblr-14251	1122	60	to	to	PART
cblr-14251	1122	61	enforce	enforce	VERB
cblr-14251	1122	62	the	the	DET
cblr-14251	1122	63	securities	security	NOUN
cblr-14251	1122	64	laws	law	NOUN
cblr-14251	1122	65	,	,	PUNCT
cblr-14251	1122	66	100	100	NUM
cblr-14251	1122	67	calif	calif	PROPN
cblr-14251	1122	68	.	.	PUNCT
cblr-14251	1123	1	l.	l.	PROPN
cblr-14251	1123	2	rev	rev	PROPN
cblr-14251	1123	3	.	.	PROPN
cblr-14251	1123	4	115	115	NUM
cblr-14251	1123	5	,	,	PUNCT
cblr-14251	1123	6	143–62	143–62	NUM
cblr-14251	1123	7	(	(	PUNCT
cblr-14251	1123	8	2012	2012	NUM
cblr-14251	1123	9	)	)	PUNCT
cblr-14251	1123	10	(	(	PUNCT
cblr-14251	1123	11	evaluating	evaluate	VERB
cblr-14251	1123	12	the	the	DET
cblr-14251	1123	13	costs	cost	NOUN
cblr-14251	1123	14	and	and	CCONJ
cblr-14251	1123	15	benefits	benefit	NOUN
cblr-14251	1123	16	of	of	ADP
cblr-14251	1123	17	decentralized	decentralized	ADJ
cblr-14251	1123	18	and	and	CCONJ
cblr-14251	1123	19	centralized	centralized	ADJ
cblr-14251	1123	20	securities	security	NOUN
cblr-14251	1123	21	enforcement	enforcement	NOUN
cblr-14251	1123	22	systems	system	NOUN
cblr-14251	1123	23	)	)	PUNCT
cblr-14251	1123	24	;	;	PUNCT
cblr-14251	1123	25	william	william	PROPN
cblr-14251	1123	26	b.	b.	PROPN
cblr-14251	1123	27	rubenstein	rubenstein	PROPN
cblr-14251	1123	28	,	,	PUNCT
cblr-14251	1123	29	on	on	ADP
cblr-14251	1123	30	what	what	PRON
cblr-14251	1123	31	a	a	DET
cblr-14251	1123	32	“	"	PUNCT
cblr-14251	1123	33	private	private	ADJ
cblr-14251	1123	34	attorney	attorney	NOUN
cblr-14251	1123	35	general	general	NOUN
cblr-14251	1123	36	”	"	PUNCT
cblr-14251	1123	37	is	be	AUX
cblr-14251	1123	38	—	—	PUNCT
cblr-14251	1123	39	and	and	CCONJ
cblr-14251	1123	40	why	why	SCONJ
cblr-14251	1123	41	it	it	PRON
cblr-14251	1123	42	matters	matter	VERB
cblr-14251	1123	43	,	,	PUNCT
cblr-14251	1124	1	57	57	NUM
cblr-14251	1124	2	vand	vand	PROPN
cblr-14251	1124	3	l.	l.	PROPN
cblr-14251	1124	4	rev	rev	PROPN
cblr-14251	1124	5	.	.	PROPN
cblr-14251	1124	6	2129	2129	NUM
cblr-14251	1124	7	,	,	PUNCT
cblr-14251	1124	8	2151	2151	NUM
cblr-14251	1124	9	(	(	PUNCT
cblr-14251	1124	10	2004	2004	NUM
cblr-14251	1124	11	)	)	PUNCT
cblr-14251	1124	12	;	;	PUNCT
cblr-14251	1124	13	lipton	lipton	PROPN
cblr-14251	1124	14	,	,	PUNCT
cblr-14251	1124	15	supra	supra	PROPN
cblr-14251	1124	16	note	note	PROPN
cblr-14251	1124	17	160	160	NUM
cblr-14251	1124	18	,	,	PUNCT
cblr-14251	1124	19	at	at	ADP
cblr-14251	1124	20	773	773	NUM
cblr-14251	1124	21	(	(	PUNCT
cblr-14251	1124	22	“	"	PUNCT
cblr-14251	1124	23	[	[	X
cblr-14251	1124	24	i]t	i]t	PROPN
cblr-14251	1124	25	has	have	AUX
cblr-14251	1124	26	long	long	ADV
cblr-14251	1124	27	been	be	AUX
cblr-14251	1124	28	recognized	recognize	VERB
cblr-14251	1124	29	that	that	SCONJ
cblr-14251	1124	30	securities	security	NOUN
cblr-14251	1124	31	class	class	NOUN
cblr-14251	1124	32	actions	action	NOUN
cblr-14251	1124	33	minimally	minimally	ADV
cblr-14251	1124	34	,	,	PUNCT
cblr-14251	1124	35	if	if	SCONJ
cblr-14251	1124	36	at	at	ADV
cblr-14251	1124	37	all	all	ADV
cblr-14251	1124	38	,	,	PUNCT
cblr-14251	1124	39	compensate	compensate	VERB
cblr-14251	1124	40	defrauded	defraud	VERB
cblr-14251	1124	41	investors	investor	NOUN
cblr-14251	1124	42	;	;	PUNCT
cblr-14251	1124	43	their	their	PRON
cblr-14251	1124	44	chief	chief	ADJ
cblr-14251	1124	45	value	value	NOUN
cblr-14251	1124	46	lies	lie	VERB
cblr-14251	1124	47	in	in	ADP
cblr-14251	1124	48	their	their	PRON
cblr-14251	1124	49	capacity	capacity	NOUN
cblr-14251	1124	50	to	to	PART
cblr-14251	1124	51	deter	deter	VERB
cblr-14251	1124	52	misconduct	misconduct	NOUN
cblr-14251	1124	53	and	and	CCONJ
cblr-14251	1124	54	thus	thus	ADV
cblr-14251	1124	55	inspire	inspire	VERB
cblr-14251	1124	56	confidence	confidence	NOUN
cblr-14251	1124	57	in	in	ADP
cblr-14251	1124	58	securities	security	NOUN
cblr-14251	1124	59	markets	market	NOUN
cblr-14251	1124	60	generally	generally	ADV
cblr-14251	1124	61	.	.	PUNCT
cblr-14251	1124	62	”	"	PUNCT
cblr-14251	1124	63	)	)	PUNCT
cblr-14251	1124	64	;	;	PUNCT
cblr-14251	1125	1	fox	fox	PROPN
cblr-14251	1125	2	et	et	PROPN
cblr-14251	1125	3	al	al	PROPN
cblr-14251	1125	4	.	.	PROPN
cblr-14251	1125	5	,	,	PUNCT
cblr-14251	1125	6	supra	supra	PROPN
cblr-14251	1125	7	note	note	VERB
cblr-14251	1125	8	11	11	NUM
cblr-14251	1125	9	.	.	SYM
cblr-14251	1126	1	306	306	NUM
cblr-14251	1126	2	columbia	columbia	PROPN
cblr-14251	1126	3	business	business	NOUN
cblr-14251	1126	4	law	law	PROPN
cblr-14251	1126	5	review	review	NOUN
cblr-14251	1126	6	[	[	X
cblr-14251	1126	7	vol	vol	NOUN
cblr-14251	1126	8	.	.	PUNCT
cblr-14251	1126	9	2025	2025	NUM
cblr-14251	1126	10	securities	security	NOUN
cblr-14251	1126	11	litigation	litigation	NOUN
cblr-14251	1126	12	system	system	NOUN
cblr-14251	1126	13	.	.	PUNCT
cblr-14251	1127	1	nevertheless	nevertheless	ADV
cblr-14251	1127	2	,	,	PUNCT
cblr-14251	1127	3	it	it	PRON
cblr-14251	1127	4	is	be	AUX
cblr-14251	1127	5	worth	worth	ADJ
cblr-14251	1127	6	evaluating	evaluate	VERB
cblr-14251	1127	7	the	the	DET
cblr-14251	1127	8	implications	implication	NOUN
cblr-14251	1127	9	—	—	PUNCT
cblr-14251	1127	10	both	both	CCONJ
cblr-14251	1127	11	new	new	ADJ
cblr-14251	1127	12	and	and	CCONJ
cblr-14251	1127	13	familiar	familiar	ADJ
cblr-14251	1127	14	—	—	PUNCT
cblr-14251	1127	15	of	of	ADP
cblr-14251	1127	16	a	a	DET
cblr-14251	1127	17	market	market	NOUN
cblr-14251	1127	18	for	for	ADP
cblr-14251	1127	19	individual	individual	ADJ
cblr-14251	1127	20	stocks	stock	NOUN
cblr-14251	1127	21	to	to	PART
cblr-14251	1127	22	determine	determine	VERB
cblr-14251	1127	23	the	the	DET
cblr-14251	1127	24	proper	proper	ADJ
cblr-14251	1127	25	scope	scope	NOUN
cblr-14251	1127	26	of	of	ADP
cblr-14251	1127	27	section	section	NOUN
cblr-14251	1127	28	10(b	10(b	NUM
cblr-14251	1127	29	)	)	PUNCT
cblr-14251	1127	30	and	and	CCONJ
cblr-14251	1127	31	rule	rule	NOUN
cblr-14251	1127	32	10b-5	10b-5	NUM
cblr-14251	1127	33	.	.	PUNCT
cblr-14251	1128	1	doing	do	VERB
cblr-14251	1128	2	so	so	ADV
cblr-14251	1128	3	can	can	AUX
cblr-14251	1128	4	inform	inform	VERB
cblr-14251	1128	5	future	future	ADJ
cblr-14251	1128	6	research	research	NOUN
cblr-14251	1128	7	and	and	CCONJ
cblr-14251	1128	8	any	any	DET
cblr-14251	1128	9	policy	policy	NOUN
cblr-14251	1128	10	responses	response	NOUN
cblr-14251	1128	11	.	.	PUNCT
cblr-14251	1129	1	conclusion	conclusion	NOUN
cblr-14251	1129	2	this	this	DET
cblr-14251	1129	3	article	article	NOUN
cblr-14251	1129	4	has	have	AUX
cblr-14251	1129	5	made	make	VERB
cblr-14251	1129	6	the	the	DET
cblr-14251	1129	7	argument	argument	NOUN
cblr-14251	1129	8	for	for	ADP
cblr-14251	1129	9	the	the	DET
cblr-14251	1129	10	existence	existence	NOUN
cblr-14251	1129	11	of	of	ADP
cblr-14251	1129	12	a	a	DET
cblr-14251	1129	13	market	market	NOUN
cblr-14251	1129	14	for	for	ADP
cblr-14251	1129	15	individual	individual	ADJ
cblr-14251	1129	16	stocks	stock	NOUN
cblr-14251	1129	17	,	,	PUNCT
cblr-14251	1129	18	offered	offer	VERB
cblr-14251	1129	19	a	a	DET
cblr-14251	1129	20	framework	framework	NOUN
cblr-14251	1129	21	under	under	ADP
cblr-14251	1129	22	which	which	PRON
cblr-14251	1129	23	demand	demand	NOUN
cblr-14251	1129	24	-	-	PUNCT
cblr-14251	1129	25	driven	drive	VERB
cblr-14251	1129	26	investing	investing	NOUN
cblr-14251	1129	27	moves	move	VERB
cblr-14251	1129	28	stock	stock	NOUN
cblr-14251	1129	29	prices	price	NOUN
cblr-14251	1129	30	,	,	PUNCT
cblr-14251	1129	31	and	and	CCONJ
cblr-14251	1129	32	explored	explore	VERB
cblr-14251	1129	33	the	the	DET
cblr-14251	1129	34	resulting	result	VERB
cblr-14251	1129	35	implications	implication	NOUN
cblr-14251	1129	36	.	.	PUNCT
cblr-14251	1130	1	investors	investor	NOUN
cblr-14251	1130	2	may	may	AUX
cblr-14251	1130	3	invest	invest	VERB
cblr-14251	1130	4	to	to	PART
cblr-14251	1130	5	construct	construct	VERB
cblr-14251	1130	6	a	a	DET
cblr-14251	1130	7	portfolio	portfolio	NOUN
cblr-14251	1130	8	with	with	ADP
cblr-14251	1130	9	particular	particular	ADJ
cblr-14251	1130	10	risk	risk	NOUN
cblr-14251	1130	11	and	and	CCONJ
cblr-14251	1130	12	return	return	NOUN
cblr-14251	1130	13	characteristics	characteristic	NOUN
cblr-14251	1130	14	,	,	PUNCT
cblr-14251	1130	15	but	but	CCONJ
cblr-14251	1130	16	they	they	PRON
cblr-14251	1130	17	may	may	AUX
cblr-14251	1130	18	also	also	ADV
cblr-14251	1130	19	invest	invest	VERB
cblr-14251	1130	20	for	for	ADP
cblr-14251	1130	21	demand	demand	NOUN
cblr-14251	1130	22	-	-	PUNCT
cblr-14251	1130	23	driven	drive	VERB
cblr-14251	1130	24	,	,	PUNCT
cblr-14251	1130	25	non	non	ADJ
cblr-14251	1130	26	-	-	ADJ
cblr-14251	1130	27	financial	financial	ADJ
cblr-14251	1130	28	reasons	reason	NOUN
cblr-14251	1130	29	.	.	PUNCT
cblr-14251	1131	1	acknowledging	acknowledge	VERB
cblr-14251	1131	2	this	this	DET
cblr-14251	1131	3	shift	shift	NOUN
cblr-14251	1131	4	complicates	complicate	VERB
cblr-14251	1131	5	the	the	DET
cblr-14251	1131	6	traditional	traditional	ADJ
cblr-14251	1131	7	understanding	understanding	NOUN
cblr-14251	1131	8	of	of	ADP
cblr-14251	1131	9	a	a	DET
cblr-14251	1131	10	relatively	relatively	ADV
cblr-14251	1131	11	linear	linear	ADJ
cblr-14251	1131	12	relationship	relationship	NOUN
cblr-14251	1131	13	between	between	ADP
cblr-14251	1131	14	information	information	NOUN
cblr-14251	1131	15	,	,	PUNCT
cblr-14251	1131	16	investor	investor	NOUN
cblr-14251	1131	17	behavior	behavior	NOUN
cblr-14251	1131	18	,	,	PUNCT
cblr-14251	1131	19	and	and	CCONJ
cblr-14251	1131	20	stock	stock	NOUN
cblr-14251	1131	21	price	price	NOUN
cblr-14251	1131	22	movements	movement	NOUN
cblr-14251	1131	23	.	.	PUNCT
cblr-14251	1132	1	drawing	draw	VERB
cblr-14251	1132	2	the	the	DET
cblr-14251	1132	3	boundaries	boundary	NOUN
cblr-14251	1132	4	around	around	ADP
cblr-14251	1132	5	actionable	actionable	ADJ
cblr-14251	1132	6	statements	statement	NOUN
cblr-14251	1132	7	for	for	ADP
cblr-14251	1132	8	purposes	purpose	NOUN
cblr-14251	1132	9	of	of	ADP
cblr-14251	1132	10	securities	security	NOUN
cblr-14251	1132	11	fraud	fraud	NOUN
cblr-14251	1132	12	recovery	recovery	NOUN
cblr-14251	1132	13	also	also	ADV
cblr-14251	1132	14	becomes	become	VERB
cblr-14251	1132	15	more	more	ADV
cblr-14251	1132	16	complicated	complicated	ADJ
cblr-14251	1132	17	.	.	PUNCT
cblr-14251	1133	1	ultimately	ultimately	ADV
cblr-14251	1133	2	,	,	PUNCT
cblr-14251	1133	3	just	just	ADV
cblr-14251	1133	4	as	as	SCONJ
cblr-14251	1133	5	the	the	DET
cblr-14251	1133	6	categories	category	NOUN
cblr-14251	1133	7	of	of	ADP
cblr-14251	1133	8	information	information	NOUN
cblr-14251	1133	9	that	that	PRON
cblr-14251	1133	10	affect	affect	VERB
cblr-14251	1133	11	stock	stock	NOUN
cblr-14251	1133	12	prices	price	NOUN
cblr-14251	1133	13	—	—	PUNCT
cblr-14251	1133	14	and	and	CCONJ
cblr-14251	1133	15	can	can	AUX
cblr-14251	1133	16	systematically	systematically	ADV
cblr-14251	1133	17	cause	cause	VERB
cblr-14251	1133	18	harm	harm	NOUN
cblr-14251	1133	19	—	—	PUNCT
cblr-14251	1133	20	are	be	AUX
cblr-14251	1133	21	growing	grow	VERB
cblr-14251	1133	22	to	to	PART
cblr-14251	1133	23	encompass	encompass	VERB
cblr-14251	1133	24	demand	demand	NOUN
cblr-14251	1133	25	-	-	PUNCT
cblr-14251	1133	26	driven	drive	VERB
cblr-14251	1133	27	factors	factor	NOUN
cblr-14251	1133	28	,	,	PUNCT
cblr-14251	1133	29	so	so	ADV
cblr-14251	1133	30	too	too	ADV
cblr-14251	1133	31	should	should	AUX
cblr-14251	1133	32	the	the	DET
cblr-14251	1133	33	categories	category	NOUN
cblr-14251	1133	34	of	of	ADP
cblr-14251	1133	35	actionable	actionable	ADJ
cblr-14251	1133	36	statements	statement	NOUN
cblr-14251	1133	37	under	under	ADP
cblr-14251	1133	38	the	the	DET
cblr-14251	1133	39	securities	security	NOUN
cblr-14251	1133	40	laws	law	NOUN
cblr-14251	1133	41	.	.	PUNCT