The Arbitrage Group, Inc. ("The Group") is an established set of professionals totally dedicated to providing arbitrage rebate and mathematical verification services on a national basis for its' clients. The Group was initially formed over ten years ago as a result of KPMG's decision to discontinue providing services related to arbitrage compliance. With our recent opening of our Wisconsin office, we remain entirely comprised of management group members of former National Arbitrage Practices.
The members of The Group have received specialized industry training, have extensive experience in the industry, use the most modern computer technology to enhance service delivery capabilities, maintain a current working knowledge of the regulatory requirements, and are committed to delivering quality services to their clients. The client base of The Group is comprised of issuers and borrowers of tax-exempt debt; and financial advisors, underwriters, and attorneys and trustees for tax-exempt bond issues.
Sample of Services
The Group members have provided the following services for thousands of engagements:
The Arbitrage Group, Inc. utilizes time-tested, customized and reliable computer software that has been designed and updated. The customized computer software operates on a Sun Microcomputer utilizing a UNIX operating environment to assist the professionals in this practice to deliver services in a timely fashion and cost effective manner to their clients. This software, which includes various processing routines to ensure the accuracy of data input into the system and processing by the system, has been designed and thoroughly tested to conform to the regulatory requirements and the standard securities calculation methods established by both the Securities Industry Association and IRS treasury regulations.
The Group also utilizes the standardized work programs, which have been tailored and updated throughout the years. The work programs have been designed to insure that there is a comprehensive consideration of each regulatory or industry requirement, which might have an impact on the underlying computations. A work program must be completed for every client engagement and the results achieved by application of the procedures specified in the workprogram are verified by an objective reviewer. These procedures provide assurance that all matters affecting a computation or set of computations have been properly considered.
Group Management Team
The Verification Practice is managed by Russell E. Moore and Laura D. Figueroa. The Arbitrage Rebate Practice is managed by H. Troy Merrill, Joe L. Aviles and Gregory A. Ichel. Kelly M. Judice joined the Group in 2006 as a Senior Verification Analyst and provides invaluable assistance to both practices areas.
As members of The Group and their former national rebate practices, The Group has collectively completed thousands of arbitrage rebate, yield restriction, and mathematical verification engagements.