Author Sanford Bragg

Sandy Bragg is a principal at Integrity Research Associates. He has over thirty years experience as an investment research professional. Prior to joining Integrity in 2006, he was an Executive Managing Director at Standard & Poors, managing S&P’s equity research business and fund information properties. Sandy has an MBA from New York University and BA from Williams College. Email:


HiQ Asks Supreme Court to Let Landmark Web Scraping Ruling Stand

Responding to LinkedIn’s appeal to the US Supreme Court, hiQ Labs filed a brief urging the court to ignore the petition and thus preserve the Ninth Circuit’s blockbuster ruling which ...
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Egyptian Bank Offloads its Majority Stake in Auerbach Grayson

Cairo-based Beltone Financial Holding sold its 60% ownership of New York-based brokerage Auerbach Grayson & Co. for an undisclosed amount to an unnamed group of investors.  The move highlights the ...
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A Few Takeaways from the ‘Unbundling Uncovered’ Conference

Substantive Research’s influential conference on investment research went virtual Wednesday, covering the status of research unbundling as Europe considers rolling back MiFID II, as well as the impact of COVID-19 ...
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Study: Web Scrapers Represent a Quarter of Internet Traffic

Web-scraped data is the most popular form of alternative data, and its growing use is creating issues for the retail websites being scraped.  An increasing number of ‘bot management’ companies ...

Why EU Backsliding on Research Unbundling Matters

Recent articles dismissing potential EU reforms to MiFID II’s unbundling provisions are missing broader ramifications.  EU regulators have shown themselves to be increasingly skeptical about the consequences of research unbundling, ...
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Is COVID-19 Spurring Alternative Data Growth?

The alternative data hype machine is in full throat, proclaiming that the pandemic is a watershed moment for broad buy-side adoption of alternative data.  To assess whether the coronavirus is ...
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The Twilight of Bloomberg? Not So, Judging By Its Research…

A recent report predicting the demise of the Bloomberg Terminal prompted us to revisit Bloomberg’s research product, which was thriving when we last looked three years ago.  Our current review ...
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Tricumen: HSBC Will Make Deeper Cuts to Equities

To compensate for bad coronavirus loans, HSBC will likely downsize further than it originally planned.  According to Tricumen, a UK-based market intelligence provider specializing in investment banks, HSBC will gut ...
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Nomura and Wolfe Research: Marriage Made in Heaven?

At first glance, Wolfe Research and Nomura Securities seem unlikely partners despite rumors of a potential joint venture.  A closer look makes a tie-up appear slightly less awkward although we ...
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Euromoney Seeks to Stem Declines at BCA and NDR

After failing to sell its economic research units, Euromoney is now hoping to return them to growth as revenues and profits fall.  For now, the plan is to increase top-line ...
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