A bill has been introduced in Congress to remove federal income taxes on Social Security payments, though ThinkAdvisor reports there are some concerns about its potential impact on the system. H.R. 9359, The Social Security Tax Freedom Act, was introduced by Rep....
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2024
SEC adopts amendments to broker-dealer customer protection rule
In a move aimed at protecting investors, the Securities and Exchange Commission announced last week that it has adopted amendments to its Rule 15c3-3. Under the revisions, certain broker-dealers would be required to increase the frequency with which they compute the...
Incoming chair of SEC expected to bring major changes to the commission
Experts have begun weighing in on President-elect Trump's nominee to become the new chair of the Securities and Exchange Commission, WealthManagement reports. Earlier this month, Trump said he had selected cryptocurrency advocate Paul Atkins, the CEO of Patomak...
Ex-broker fined, suspended by FINRA for not disclosing referral agreement
The Financial Industry Regulatory Authority is penalizing a former broker for violations that include a failure to disclose outside business activity, according to AdvisorHub. In a settlement letter, FINjRA disclosed that Michael T. Shoniker, who worked at retirement...
Former broker to pay $2.1 million to settle fraud and Reg BI violations
The Securities and Exchange Commission announced a settlement in the case of a former broker accused of fraud and Regulation Best Interest violations, according to Financial Advisor. Christopher Booth Kennedy, who worked as a registered representative for Western...
