# Industry practice

`kaal:entity:industry-practice`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `industry-practice`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2016 to 2022.

**2016**

- [2811718-040](https://wulfkaal.github.io/claims/2811718-040) [failure/evidenced] *(failure mode)* -- Despite bringing enforcement actions over misrepresentations about due diligence, the SEC has not taken a rigid enforcement position on whether particular due diligence industry practices are effective, and has merely acknowledged that practices became more robust after the financial crisis.
  > Despite a number of enforcement actions that deal with misrepresentation in relation to due diligence,46 the SEC has not taken a rigid enforcement position on the effectiveness or ineffectiveness of due diligence industry practices.
  Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

**2022**

- [4033886-009](https://wulfkaal.github.io/claims/4033886-009) [normative/argued] -- The absence of digital asset valuation standards generates uncertainty and confusion for both investors and managers, and the industry would be better off with uniform standards.
  > The lack of standards for digital asset valuation leads to uncertainty and confusion among investors and managers. The industry would benefit from uniform standards for digital asset valuation.
  Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/industry-practice.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.