SEC Issues Whistleblower Awards Totaling Over $1.7 Million

Source: U.S. Securities Exchange Comission FOR IMMEDIATE RELEASE 2021-34 Washington D.C., Feb. 25, 2021 — The Securities and Exchange Commission today announced awards totaling more than $1.7 million to two whistleblowers in separate proceedings.  Both whistleblowers provided Forms TCR to the Commission within 30 days of their first learning of the Form TCR filing requirement…

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McKinsey & Co. to Vote In New Global Marketing Partner

McKinsey & Co. dismissed global marketing partner, Kevin Sneader, from his role in their first round of voting over controversial business decisions that used “higher-risk protocols” and “higher levels of due diligence,” according to the Wall Street Journal. Our legal team handles all dynamic matters faced by startups and mature businesses. If you are in…

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Activist Investors Seek to Revitalize Kohl’s

The Wall Street Journal reports 9 members were nominated to Kohl’s Corp.’s 12-person Board of Directors by activist investors seeking to raise the company’s value after years of declining performance prior to and during the coronavirus pandemic. Our legal team handles all dynamic matters faced by maturing businesses. If you are in need of professional…

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Taxation of Corporations vs Pass-Through Entities

by Paul Share In consideration of what type entity to use for your startup, taxation is a major consideration. In our previous post, we discussed, in general terms, how taxation works for “pass-through” entities like sole proprietorships and partnerships. In this post we discuss how taxation works for corporations, as contrasted with pass-through entities. Corporations…

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501(c)(3) Non-Profit Offers Free Eye Surgery in Jacksonville, Florida

A group of Florida doctors began a 501(c)(3) Non-Profit Organization, Florida Eye Cares, to provide free care, such as cataract surgery, to individuals who otherwise could not afford it. Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for NPOs. Reach out to Todd at…

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FINRA Examines Brokers Who Took PPP or EIDL Loans

FINRA is conducting inquiries into brokers’ business activity outside the scope of their employment, especially if they took PPP and EIDL loans. FINRA rules require financial services professionals to disclosure outside business activities to his or her employer. FINRA investigations can lead to termination of employment, sanctions, suspensions, and worst case, a bar from the…

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SEC Charges Morningstar in New Lawsuit

The SEC charged Morningstar Credit Rating LLC with failing to disclose adjustment to analytics models relied upon by investors in the bond market in addition to failure to implement internal compliance controls.   If you have been affected by undisclosed fiduciary activity, fraud, or are under investigation by the SEC or FINRA, speak with an…

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SEC May Remove Exemptions for Some Firms

The Wall Street Journal reports the SEC is poised to remove fundraising exemptions for firms under investigation in a further illustration of an upcoming era of increased regulation by the agency. If you have received an investigation letter from FINRA, the SEC, or State regulators, call (866) 954-7687 or email info@warren.law for a free consultation…

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Corporations: Shareholders, Liability, and Litigation

By Paul Share The prototypes of corporations go back to the royally chartered entities formed to colonialize the Indies and the new world, especially to develop colonies like New Amsterdam. These were projects too expensive and risky for any one person to bear the risk of—especially if one’s whole net worth were available to cover…

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