We don't sell to filers. Ever. Got to protect against conflicts of interest. That's one of the reasons we don't have a true free version of the product.
That said, we're using language models so replacing words with synonyms won't evade the model as long as its expressing the same thing.
Do you have any deeper protections than simply not selling to filers? It doesn’t seem so hard for a motivated filer to circumvent by using friendly hedgefunds to lend their licenses.
We constantly retrain our red flag models and they are tested for robustness (whichever way the company decides to express the existence of a risk, like say an investigation, we ensure that the models pick it up)
Realistically they probably don't need to do that. The filings are usually pretty heavily lawyered up and the lawyers are pretty lazy on language updates.
Yeah, people have been doing sentiment analysis of press releases etc for years now and very few corporates bother trying to use software to test/counteract it
Companies are already doing this. IR consultants have, allegedly, been advising exec teams to use/not use certain words based on their impact on AI models. It is inevitable.
SEC filings are somewhat more robust because they are a standardized format but the point of many of these frauds, for example SinoForest, was about things which weren't in the document not the things that were (the stuff that was in documents was never a smoking gun...iirc, I remember looking at the stock before it happened...a lot of these Chinese frauds had totally fine numbers though, that was the point).
That said, we're using language models so replacing words with synonyms won't evade the model as long as its expressing the same thing.