Company Filing History:
Years Active: 2010-2011
Title: Innovations by Jonathan M Ross
Introduction
Jonathan M Ross is an accomplished inventor based in Eastchester, NY (US). He holds 2 patents that showcase his expertise in financial instruments and securities. His innovative approaches have the potential to significantly impact the financial industry.
Latest Patents
One of his latest patents is for an "Exchangeable equity-linked security." This invention outlines a method for creating, selling, converting, and redeeming exchangeable instruments that can provide favorable tax and accounting treatment for a parent company of an issuing subsidiary. The process involves transferring a conversion option to a wholly owned subsidiary, which then attaches this option to its own nonconvertible debt instrument. This creates an exchangeable instrument for investors, allowing for a split obligation that may lead to a high tax interest expense and a low accounting interest expense. Additionally, the use of a net share settlement feature can reduce dilution of the parent's equity.
Another significant patent by Ross is for "Convertible hybrid securities." This invention describes a method for issuing convertible hybrid securities to investors. These securities may include a legally enforceable covenant and a mandatory deferral that requires the issuer to withhold certain payments under specified conditions. The hybrid securities can be converted by the investor or called by the issuer, with payments made in preferred and common stock upon conversion. The preferred stock may include a dividend rate calculated based on the statutory tax rate and the coupon for the hybrid securities.
Career Highlights
Jonathan has worked with prominent financial institutions, including Morgan Stanley and Bank of America Corporation. His experience in these companies has contributed to his understanding of complex financial instruments and their applications.
Collaborations
Throughout his career, Jonathan has collaborated with talented professionals such as Rizvan Dhalla and Serkan Savasoglu. These partnerships have likely enriched his work and led to innovative solutions in the financial sector.
Conclusion
Jonathan M Ross is a notable inventor whose contributions to the field of financial instruments are significant. His patents reflect a deep understanding of the complexities of securities and their potential benefits for companies.