FINRA Requires Brokerage Firms to Communicate with Customers when a Broker Leaves the Firmby Andrew Whiteman
Ask questions if your broker leaves his firm. According to new regulatory guidance from the Financial Industry Regulatory Authority, known as FINRA, member firms are required to do the following: In the event of a registered representative’s departure, the member firm should promptly and clearly communicate to affected customers how
read more…New ERISA Disability Claim Regulations – Part 9by Andrew Whiteman
New ERISA Disability Claim Regulations – Part 9 On April 1, 2018, a new disability claim regulation came into effect. The regulation was promulgated by the United States Department of Labor (referred to herein as “DOL”) under the authority of the Employee Retirement Income Security Act of 1974 (“ERISA”) and
read more…Senators Warner and Kennedy Introduce Bill to Expand SEC Powers to Assist Investorsby Andrew Whiteman
On March 14, 2019, Senators Mark Warner (D-Va.) and John Kennedy (R-La.), both members of the Senate Banking Committee, introduced the Securities Fraud Enforcement and Investor Compensation Act. This legislation would give the Securities and Exchange Commission power to seek restitution for retail investors harmed by securities fraud scams. In
read more…New ERISA Disability Claim Regulations – Part 8by Andrew Whiteman
New ERISA Disability Claim Regulations – Part 8 On April 1, 2018, a new disability claim regulation came into effect. The regulation was promulgated by the United States Department of Labor (referred to herein as “DOL”) under the authority of the Employee Retirement Income Security Act of 1974 (“ERISA”) and
read more…SEC Announces Results of Share Class Selection Disclosure Initiativeby Andrew Whiteman
On March 11, 2019, the Securities and Exchange Commission announced that it had settled charges with 79 investment advisers who agreed to return more than $125 million to their clients, with a substantial majority of the funds going to retail investors. The SEC entered into the settlements after the advisers
read more…Tax Deduction of Attorney Fees in Employee Benefits Cases Remains Unchangedby Andrew Whiteman
Deductibility of Attorney Fees in Employee Benefits Cases Remains Unchanged The Tax Cuts and Jobs Act of 2017 changed the tax treatment of attorney fee and other litigation-related expenses incurred by individuals. Congress suspended the deductibility of litigation expenses as “miscellaneous itemized deductions” through December 31, 2025. As a result,
read more…North Carolina Issues Air Permit for Chemours to Install Thermal Oxidizer to Reduce PFAS Emissionsby Andrew Whiteman
On March 14, 2019, The North Carolina Department of Environmental Quality’s Division of Air Quality (“DAQ”) issued a permit to The Chemours Company FC, LLC (“Chemours”) for the installation and operation of a thermal oxidizer/scrubber system to reduce air emissions of PFAS and GenX at Chemours’ Fayetteville Works facility. The permit
read more…New ERISA Disability Claim Regulations – Part 6by Andrew Whiteman
New ERISA Disability Claim Regulations – Part 6 On April 1, 2018, a new disability claim regulation came into effect. The regulation was promulgated by the United States Department of Labor (referred to herein as “DOL”) under the authority of the Employee Retirement Income Security Act of 1974 (“ERISA”) and
read more…FINRA Extends Deadline for Firms to Self-Report Violations under its 529 Share Class Initiativeby Andrew Whiteman
FINRA has extended the deadline for firms to self-report violations under its 529 Plan Share Class Initiative. The Financial Industry Regulatory Authority (“FINRA”) announced on March 6, 2019, that it is extending the deadline for firms to self-report violations under FINRA’s 529 Plan Share Class Initiative to April 30, 2019.
read more…New ERISA Disability Claim Regulations – Part 5by Andrew Whiteman
New ERISA Disability Claim Regulations – Part 5 On April 1, 2018, a new disability claim regulation came into effect. The regulation was promulgated by the United States Department of Labor (referred to herein as “DOL”) under the authority of the Employee Retirement Income Security Act of 1974 (“ERISA”) and
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