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.
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In order to educate investors about investment performance claims,the SEC’s Office of Investor Education and Advocacy issued an April 2016 Investor Bulletin. Decoding performance information can be tricky because it can be presented in many ways by sales and marketing materials. The SEC provides a few tips that can help investors see beyond the fog
This April, the Public Company Accounting Oversight Board (PCAOB) published a new brief that describes the results of its 2015 inspections of broker-dealer auditors. PCAOB inspectors detected fewer “independence impairments” of auditors of broker-dealers than in prior years. However, they also observed instances of auditors being active in the preparation of the financial statements or
After much speculation and anticipation, the Department of Labor (“DOL”) released new fiduciary rules which outline standards the financial industry must adhere to when giving advice on retirement accounts. The rules, which redefine the definition of fiduciary when dealing with retirement assets, are intended to guarantee that both brokers and advisers are acting in the
The Securities and Exchange Commission (SEC) published three investor alerts in March: 1) Fraudulent Stock Promotions; 2) Beware of Government Impersonators Targeting Fraud Victims; and 3) Investor Complaints. 1) Fraudulent Stock Promotions The SEC warns investors of stock promotions conducted by fraudsters. Company insiders or paid promoters can create a buying frenzy to pump up
To claim charitable donations as IRS deductions, always have the records you need in hand before filing. Be sure to get the required statements for each gift of property or cash in the amount of $250 or more and each vehicle donation where the claimed value exceeds $500. Property or Cash: Taxpayer donors must get
Broker-Dealer Audit Forums Five 2016 Forums for Auditors of Broker-Dealers were announced by the Public Company Accounting Oversight Board (PCAOB or “Board”): Orange County, Calif., April 20 Chicago, Ill., June 1 Jersey City, N.J., September 22 Tampa, Fla., October 18 Las Vegas, Nev., December 7 The forums were created to share important information about Board
Five audit firms were sanctioned by the Public Company Accounting Oversight Board (PCAOB or “Board”) for violating independence requirements in connection with audits of brokers and dealers. Hands Off SEC independence rules forbid the maintenance and preparation of accounting records and preparation of the financial statements of a firm by its auditor because it impairs