The SDDco Client Update
The SDDco Client Update is an action oriented email prepared in-house, tailored to client needs, and sent as an adjunct to our online newsletter. Verified newsletter subscribers receive our Client Update once each month.
The SDDco Client Update is intended to provide general information only. It is not intended as, and should not be taken as, financial, tax, accounting, legal, consulting or any other type of advice specific to you or your firm. Users of the SDDco Client Update should not act or refrain from acting on the basis of information provided on the sddco.com website. Always check with your accountant and/or attorney.
The Commodity Futures Trading Commission (“CFTC”) requires any person operating under an exemption or exclusion from registering as a Commodity Pool Operator (“CPO”) or Commodity Trading Advisor (“CTA”) to “annually affirm the applicable notice of exemption or exclusion within sixty (60) days of the calendar year end–March 3, 2014 for this affirmation cycle. Failure to
The Division of Corporation Finance SEC staff (the “Staff”) added new compliance and disclosure interpretations for “bad actor” rules. Under new Rule 506(d)(e) of SEC Regulation D under the Securities Act of 1033, the participation of felons and other “bad actors” in a private securities offering could disqualify an offering from claiming the safe harbor
Your broker-dealer may need to pay a share of the PCAOB 2013 accounting support fee. Carefully consider the guidelines below. The SDDCO Group can assist you in this process. The Broker-Dealer Accounting Support Fee and the Funding Process The largest source of funding for the Public Company Accounting Oversight Board (“PCAOB” or “Board”) comes from the
Don’t be duped by this coast to coast telephone tax scam. According to the Internal Revenue Service (IRS), victims are phoned and told “they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest,
How broker-dealers, large and small, identify and manage conflicts of interest was the subject of a FINRA report released late October. Chairman and CEO, Rick Ketchum, explained the triggers for reporting on conflict management during a video segment of A Few Minutes with FINRA: “A number of issues came out of the credit crisis and