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Over the last few years, the Securities and Exchange Commission (SEC), Department of Labor (DOL), and Financial Industry Regulatory Authority (FINRA) have focused on sweeping changes to the duties owed to clients, fee structures, potential conflicts of interest, and protecting senior investors as part of a series of new rules and regulations affecting the financial services business model and related investigation and enforcement actions.
read more »The Maryland Court of Special Appeals observed in Dolan v. Kemper Independence Ins. Co. the distinctions between an Examination Under Oath (“EUO”) and a deposition, strongly affirming that in addition to one deposition a party can generally conduct in litigation, an insurer can also conduct one or more EUOs because they serve vastly different puposes and are governed by different sets of rules.
read more »Financial advisors can get clues about regulators’ top concerns by looking at the SEC’s examination priorities for the coming year, which are published in January of each year by the SEC’s Office of Compliance Inspections and Examination (OCIE). The 2018 examination priorities identified areas where there is increased risk of potential harm to investors and the OCIE has been targeting these risk areas during its examinations of SEC-registered investment advisors.
read more »Effective January 1, 2018, the federal estate tax underwent a massive overhaul with the Tax Cuts and Jobs Act (the “Act”), permitting each individual to pass up to $11.2 million at death completely free from federal estate tax. With proper planning, married couples will now be able to pass $22.4 million to their heirs at the death of the surviving spouse. To that end, “portability” remains intact such that the surviving spouse can stack the deceased spouse’s unused exemption to his or her own federal estate tax exemption.
read more »Past Articles
On June 5, 2019, the U.S. Securities and Exchange Commission (“SEC”) approved a new regulation…
read more »The Maryland Court of Special Appeals provides helpful guidelines to homeowners and HOAs in addressing…
read more »In June, the Securities and Exchange Commission (“SEC”) adopted a new regulation, Regulation…
read more »The National Association of Insurance Commissioners recommended that states pass the Insurance Data…
read more »On June 5, 2019, the Securities and Exchange Commission (SEC) approved the Regulation Best Interest,…
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