In July 2018, the SEC sanctioned an investment adviser firm after finding that it failed to timely refund unearned prepaid fees to clients, and that it also misrepresented and omitted information about its own financial condition. These violations proved to be costly to the firm.
Attorney Joel Beck shares a case study of a recent project for a client to help clean up his Form U4, seeking to expunge certain criminal history record information from his U4, and to resolve tax liens and remove those from the U4.
Investment banks are apparently cracking down on reimbursement claims for car service and overtime meals for investment bankers. We've received multiple calls this week from bankers at different firms with concerns about internal reviews for reimbursement claims for car service or for after-hours meals. If you're facing an internal review for these reimbursements, we've got some information you need to know.