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SEC Adoption of Amendments to 17a-5 Article
SEC Adoption of Amendments to 17a-5 Article After waiting a little over two years, the Securities and Exchange Commission (“SEC” or “the Commission”) has FINALLY approved the long awaited amendments...
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DING, NING, Whatever … Just Save State and Local Tax!
DING, NING, Whatever … Just Save State and Local Tax! For a number of years it was possible to set up a type of asset protection trust in Delaware, whereby,...
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Clearing Back the Brush Between “Trader” and “Investor”
Clearing Back the Brush Between “Trader” and “Investor” One of the key tax determinations in the financial sector is whether an investor or a fund is a “trader” or “investor”...
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Title III of the JOBS Act: Crowdfunding
Title III of the JOBS Act: Crowdfunding Last week the SEC voted to propose rules on Title III of the Jumpstart Our Business Startups Act or “JOBS Act” as it...
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Loss Harvesting – Beginner to Expert
Loss Harvesting – Beginner to Expert Every year about this time money managers and tax professionals start to hear from investors about impending capital gains and the need for offsetting...
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FINRA Update
FINRA Update We have received many inquiries relating to a recent Financial Industry Regulatory Authority (FINRA) posting, as part of their weekly update relating to a firm’s designation of accountant,...
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U.S. Dividend Equivalent Withholding Regulations
U.S. Dividend Equivalent Withholding Regulations Regardless of whether you know them as the Section 871(m) regulations, HIRE Act, swap regs or just plain dividend withholding tax regulations – the wait...
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The Intersection of Asset Management and Captive Insurance
The Intersection of Asset Management and Captive Insurance The asset management industry and captive insurance would facially seem worlds apart. However, there is a potentially powerful intersection. At the management...
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Unlikely That CPA Firms Will Shed a Tear if PCAOB Deregisters
Unlikely That CPA Firms Will Shed a Tear if PCAOB Deregisters The Public Company Accounting Oversight Board (PCAOB) is finally cracking down on CPA firms that registered with the PCAOB...
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Abandoning a Losing Investment
Abandoning a Losing Investment Please note: The law has changed since this post has been published. Please click here for more information on the updated law. While nobody invests in...