
Alternative Investments
SEC Charges Tricolor Executives: How $800M in Phantom Collateral Sank a $1.9B ABS Program
TL;DR: The SEC charged three former executives of Tricolor Holdings with fraud after the Dallas-based subprime auto lender raised more than $1.9 billion from investors by pledging the same car loans a
Jeff Barnes, MBA··10 min read

Real Estate
The SEC Just Redrew the Line Between Data Centers and ABS. Here's What It Means for Your Money
TL;DR: On July 29, 2026, the SEC's Office of Structured Finance told Latham & Watkins that certain securities backed by data center platforms are not "asset-backed securities" under Section 3(a)(79)...
Jeff Barnes, MBA··11 min read

Alternative Investments
Structured Settlement Factoring as an Alternative Fixed-Income Asset Class
J.G. Wentworth's securitization vehicle bought structured settlement payment streams from injury victims and lottery winners at an average 10.92% discount rate, then repackaged those same cash flows i
Jeff Barnes, MBA··11 min read