But it is just like a stock.

It's a security.

So a security in the equity world is a stock.

When you go long a security, you're buying the security.

I work for a stock company.

They'd start with your bonds preferred stock, and then move on to real estate.

I'm going to get back a share of IBM, and that's what I owe.

And also, just so you know, as opposed to being short the company, they're long.

Sekiguchi is in a movie distribution company, and Saki is in a international brokerage firm.

And we're also joined by Brent Lawson from Lawson Frisk Securities.

And in the future, we're gonna look at a lot of different companies, financial companies, insurance companies, natural gas pipeline companies, that will have very different looking income statements, but this gives you the general template for how things work.

Word is that davis' fund has taken some big hits on mortgagebacked securities.

No.The company he founded, gaia matrix, was under investigation by the s.e.c.for securities violations.

Company Proprietary

And this is a corporation.

And I'm doing this just to show you a point

We're from the Securities and Exchange Commission.

Our company is a limited company.

Well this guy's expecting a 5.00 check.

So let's say that it issues, let's sat for simplicity, a hundred shares.

I'm an investigating accountant for the S.E.C.

What have you found? Moore was one of five sec commissioners appointed.

He registers this organization right over here with the US SEC

Andrew,you'll analyze the SEC filings.

Since when does the sec investigate car accidents?

In Washington, did you meet Harry Macdonald, head of S.E.C.? Not yet.

Annual rate of security

This guy worked for the S.E.C. who tried to take down Frobisher.

This guy worked for the sec for 20 years. He was a lead investigator who tried to take down frobisher.

I am currently under investigation by the s.e.c.for securities violations due to my role here at gaia matrix.

A security is essentially something that can be bought and sold that has some type of claim on something, or some type of economic value.

Nabeshima Software, Ltd... and Digital Global Liner, Ltd.

Daniel Hicks,he owns an import export company

It seems the government's looking for Harry.

The company's share price has fallen.

I would never pay that.

This time right here.

You know what equity securities are, and just so you know, what is a security?

Anyway, this is, I think, just the big picture investment adds value to society.

learning only too late that something was wrong.

And it makes sense.

And you end up with a mortgage backed security.

Or by selling shares of itself, or essentially allowing other people to become partial owners of it, and that is equity.

So although when you looked back at 2008 earnings, Company

Congratulations. Company wins.