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Touchstone Strategic Income ETF V.SIO


Primary Symbol: SIO

The Fund seeks a high level of current income with a focus on capital preservation. The Fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. This is a non-fundamental investment policy that the Fund's Board can change upon 60 days prior notice to shareholders. Income producing securities generally include corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks. The Fund will engage in frequent and active trading as part of its principal investment strategies.


ARCA:SIO - Post by User

Comment by RabidIsBackon Apr 28, 2016 11:18am
428 Views
Post# 24820352

RE:RE:RE:RE:RE:From the devil's mouth

RE:RE:RE:RE:RE:From the devil's mouthI do wonder who S.I. may be and what his motivations are for sharing these files at this particular point in time (i.e. right when it stops mattering because the company went under anyway)... I'm sure SIO's work contracts included plenty of NDAs, but who knows what happens to those when the company ceases to exist... 

I just realized something while looking at last week's file... the timestamp on it is dated January 28 - at which point only 3 people (Routhier, Choquette and Pimental) were still working for the company, according to the file itself.

Choquette is shown as having last modified both files, but that may just be a coincidence.

Someone from the outside hacking SIO to obtain internal memos seems a little far-fetched IMO. They would be taking a major risk (criminal prosecution?) to obtain information that, while very interesting, has next to no value now. I also doubt those files were handed out to anyone on the outside (especially not those numbers)...

On the other hand, I can't wrap my mind around the idea of Routhier sharing those files himself - unless he's gone completely mad. As for the other two, it's also kind of hard to imagine them sharing that kind of info with investors, due to their position... while I could easily believe that Routhier has screwed them over/pissed them off at some point recently, that still looks more like something a disgruntled low-level employee with nothing to lose would to, rather than an exec who stands to have their reputation and trust tarnished when seeking future high-level employment...

Here's a story that might work... could be that when SIO sold their office equipment, they hastily got rid of a few computers without wiping them first (which is dumb, but considering their limited resources, understandable). A laid-off employee could have manifested interest in buying a used computer, found those files, and decided to share them (I can't imagine that an outside buyer would take the time to examine the files, get some context about SIO and decide to share the files with investors out of some sense of "justice"). 

Anyway, I doubt S.I. will ever disclose or provide clues about his identity, if only to avoid professional or legal reprisals. I do enjoy this whole leak business though - provides some excitement to an otherwise dull conclusion to the SIO story.

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