John Wiley and Sons Inc Class A
JW.A
2
exclusion reasons
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
John Wiley & Sons Inc. was investigated by the law firm Block & Leviton in June 2023 for potential securities law violations. The investigation concerned whether the company made materially false and/or misleading statements to investors, or failed to disclose material adverse information about its business, operations, and prospects. Investors who suffered losses were encouraged to contact the firm. The specific allegations and any resulting regulatory action or settlement remain unclear from the available public evidence.
John Wiley & Sons operates a significant academic publishing business that has been criticized for rent-seeking practices. The company has engaged in litigation to enforce restrictive copyright terms that limit the resale of textbooks, as seen in the Kirtsaeng v. John Wiley & Sons, Inc. case concerning the "first sale" doctrine. Academic analysis, such as the 2020 study "Demarcating spectrums of predatory publishing," identifies the economic models in scholarly publishing as existing on a spectrum of potential predation, where legitimacy is contested. While the evidence gathered does not specify Wiley's revenue share from practices typically deemed exploitative, such as charging high fees for open-access publishing or maintaining exorbitant textbook prices, the company's core business model in a sector widely criticized for extractive economics places it under this exclusion. Further specific evidence on the scale and centrality of these practices to Wiley's operations is required for a more detailed narrative.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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