Blog
SRF CLIENT ALERT: Major Changes for Your IRA Account
Congress has made major changes for IRA accounts effective January 1, 2020: The End of the Stretch IRA Before 2020, anyone who inherited an IRA account was able to delay taking distributions from it over the course of his or her lifetime. This frequently enabled the IRA beneficiary to stretch out the mandatory withdrawals over…
Read MoreTime to Make a Personal Estate Plan for Your (Financial) Exit or IPO
New Jersey Bureau of Securities Proposes New Rule to Create State-Level Fiduciary Duties For Broker-Dealers, Associated Persons, Investment Advisers and Investment Adviser Representatives
On April 15, 2019, the New Jersey Bureau of Securities, within the Division of Consumer Affairs, proposed a new state-level rule requiring all registered financial services professionals to act in accordance with the fiduciary duty to their customers when providing investment advice or recommending to a customer an investment strategy, the opening of or transfer…
Read MoreSichenzia Ross Ference Litigation Partners Marc Ross and Scott Furst Prevail on Multiple Appeals on Behalf of Client in a Multi-Year Southampton Property Dispute
Press Release – New York, NY – May 30, 2019 – Sichenzia Ross Ference LLP (SRF) litigation partners Marc Ross and Scott Furst, together with appellate counsel, prevailed on multiple appeals taken to the Supreme Court New York, Appellate Division: Second Judicial Department. The appeals sought to reverse a Suffolk County trial court’s denial of a…
Read MoreLitigation Partner Scott Furst Successfully Defeats Appeal In $10,000,000 Insurance Dispute
Press Release – New York, NY – May 9, 2019 – Sichenzia Ross Ference LLP (SRF) litigation partner Scott Furst successfully defeated an appeal taken to the Supreme Court New York, Appellate Division: Second Judicial Department, which sought to vacate a trial court’s complete dismissal of a multi-party, multi-claim lawsuit for damages and to rescind and…
Read MoreCalifornia Law Requiring Public Companies to Include Women on Board of Directors
Please find below an overview of California Senate Bill 826 (the “Bill”) which requires publicly held domestic and foreign corporation with principal executive offices located in California to include women on their boards of directors (the “Female Director Requirement”). not assigned california | Female board of directors
Read MoreWill The Murky Marijuana Banking Picture Finally Get Clearer?
Federal Reserve Chairman Jerome Powell, while testifying before Congress yesterday, Tuesday, February 26, 2019, explicitly acknowledged the uncertainty and tension surrounding the access of a company engaged in marijuana or marijuana-related business to banking because of conflicting state and federal laws. When asked about the topic, the Chairman said, “I think it would be great…
Read MoreClient Alert: U.S. Senate and House of Representatives Approve 2018 Farm Bill
The long-awaited resurgence of the Agriculture Improvement Act of 2018, colloquially referred to as the 2018 Farm Bill, became more promising yesterday as its latest iteration received overwhelming bipartisan approval as it decidedly passed through the Senate on Tuesday, by a vote of 87-to-13, and easily passed through the House of Representatives, by a vote…
Read MoreCalifornia’s New Commercial Financing Disclosure Legislation
Introduction On August 31, 2018, the California State Senate passed novel legislation, Senate Bill 1235, which requires new disclosures for certain commercial financing, such as loans, factoring transactions, and, potentially, merchant cash advances (MCAs). California Governor Jerry Brown has until September 30 to sign this legislation, and it appears likely that he will.
Read MoreUnder new tax law, sales by foreign partners of U.S. partnership interests are once again taxable.
In an August 2017 posting we reported that the U.S. Tax Court had held that, notwithstanding an IRS revenue ruling to the contrary, the sale by a foreign partner of his interest in a U.S. partnership was not a taxable transaction to him (assuming he was not otherwise a U.S. taxpayer), just as the sale…
Read More
