Risk Factors Update Summary
- Acquisition strategy expansion: Plans to continue acquisitions, facing risks in evaluation, integration, and new market introduction.
- Financial impact of acquisitions: Unaudited financial statements may lead to impairment charges affecting financial results.
- International operations risks: Exposure to various international risks, including regulatory compliance, exchange rate fluctuations, and geopolitical tensions.
- Business culture preservation: Failure to maintain valuable aspects of company culture could harm success and client relationships.
- Competitive pressures: Receivables for commissions and fees increased from approximately $231 million to $294 million.
- Goodwill impairment risk: Goodwill recorded decreased from $1.3 billion to $610 million, with potential impairment.
- Data privacy regulations: Evolving privacy laws, such as the EU GDPR and CCPA, pose compliance challenges and regulatory risks.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1849253&owner=exclude
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