COVID-19 Resource Center
MJDS Allows Canadian Issuers Easy Access to the U.S. Capital Markets
Overview The Multijurisdictional Disclosure System (“MJDS”) adopted by the Securities and Exchange Commission (the “SEC”) and the Canadian Securities Administrators provides Canadian issuers a streamlined opportunity to more easily gain access to U.S. Capital Markets for both financing needs and other strategic reasons, including the opportunity for Canadian issuers to be listed on a U.S.…
Read MoreNew York State’s Marijuana Regulation and Taxation Act
On March 30, 2021, the New York State Assembly and State Senate approved the Marijuana Regulation and Taxation Act (MRTA) legalizing, taxing, and regulating recreational marijuana in New York State. The following day, the Governor signed MRTA into law, marking the end of the battle between lawmakers over recreational cannabis in New York, and setting…
Read MoreClient Alert: New York Adopts Revised Regulations for Individuals of Registered Investment Advisers
OVERVIEW In an effort to modernize its registration function, to better conform to the federal securities registration regime, to cure industry confusion as to certain registration requirements and to better track exam requirement compliance of thousands of investment adviser representatives (“IARs”) providing investment advice to New Yorkers, the New York Investor Protection Bureau of the…
Read More2020 Income Tax Rates and Deductions
Sichenzia Ross Ference has prepared a tax chart showing all proposed tax changes under Biden vs. current under Trump. It is a downloadable PDF titled “2020 Income Tax Rates and Deductions” that you can access by clicking the link below. Click here for 2020 income tax rates and deductions This material has been prepared…
Read MoreYear-end Tax Strategies to Consider Now
Whether you anticipate your income taxes to increase next year due to higher earnings or changes due to tax legislation, consider the following before December 31. To offset capital gains: Harvest your losses by selling taxable investments. Harvest your gains by selling taxable investments if you have capital loss carryovers or year-to-date losses for the…
Read MoreRelief for Retirement Account Owners During COVID-19
The Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 modifies the existing rules governing retirement accounts and helps taxpayers improve their cash flow. Here we highlight (1) the waiver of the 10% penalty applicable to early withdrawals, (2) the enhanced loan provisions, and (3) the suspension…
Read MoreTwo Bright Sides of Estate Planning During COVID-19
There have been arguably few financial “silver linings” that we can point to in recent months, but there are two (2) opportunities at this time worth noting for wealthy clients interested in mitigating estate and gift taxes. not assigned carolyn m. glynn | covid | estate planning
Read More“Regulation Best Interest” Is Nearly Here. What Regulators Want to See. What Broker-Dealers Need to Know and Do.
On June 5, 2019, the United States Securities and Exchange Commission (“Commission”) adopted Rule 15l-1 (“Regulation Best Interest” or “Reg. BI”) under the Securities Exchange Act of 1934 (“Exchange Act”), which has a compliance date of June 30, 2020.[1] What broker-dealers and their compliance and supervisory personnel need to know and do to prepare for July…
Read MoreEstate Planning During COVID-19
COVID-19 is a harsh reminder that life is fragile and unpredictable. The pandemic has caused many people to acknowledge their mortality and to reevaluate their financial circumstances and life goals. In these rather difficult and uncertain times, the importance of being prepared for a worst-case scenario and having certain essential estate planning documents in place…
Read More60 Days And Counting: “Regulation Best Interest” Is Nearly Here. Are Independent Broker-Dealers Ready? What They Need to Know and Do
On June 5, 2019, the United States Securities and Exchange Commission (“Commission”) adopted Rule 15l-1 (“Regulation Best Interest”) under the Securities Exchange Act of 1934 (“Exchange Act”), which has a compliance date of June 30, 2020.[1] Regulation Best Interest became effective September 10, 2019. Notwithstanding the host of issues arising from the global pandemic, an…
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