Whistleblower Program

As part of a massive overhaul of the regulations governing our country’s financial system, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) in July 2010. Included in this regulation was an enhancement to the U.S. Securities & Exchange Commission (“SEC”) Whistleblower Program with the hopes that through providing financial incentives (awards), individuals would be willing to provide tips to the SEC and other regulators regarding fraud. Based on the activity of the Program and the awards provided, it appears that the Program has assisted the regulators in its attempt to protect the investors by prosecuting fraudsters.

International Tax Loopholes – The Playing Field Is Not Level

 A recent Bloomberg article reported that the offshore cash hoard of U.S. multinational companies had risen by $206 billion last year as the companies continued to avoid U.S. taxation (see article here http://www.bloomberg.com/news/2014-03-12/cash-abroad-rises-206-billion-as-apple-to-ibm-avoid-tax.html).  Personally, I find it amazing that the popular press and its American readership see prudent corporate tax […]

Abandoning a Losing Investment

While nobody invests in a fund with the intention of losing his or her investment, inevitably, it sometimes happens.  Fund investments, like any other investment, can decline substantially in value.  When substantial losses occur investors need to make the best out of a bad situation.  Often this entails achieving the […]

Danger for DING Trusts Created by N.Y. State Residents

Governor Cuomo’s budget bill, released January 21, 2014, includes significant proposed tax changes including some specifically aimed at curbing the use of so called DING Trusts.  For some background on Delaware Incomplete Non-Grantor trusts see my previous blog here, http://withumonwallstreet.com/2013/10/02/ding-ning-whatever-just-save-state-and-local-tax/. The proposed changes would institute a “throwback” rule similar to […]


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