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Atkins To Leave SEC, by Mike Godfrey, for LawAndTax-News.com, Washington09/05/2008
Securities and Exchange Commissioner, Paul Atkins, announced on Monday that he intends to leave the US securities regulator following the end of his term. [
FULL
STORY ]
CFTC Sues Sentinal In Alleged Half Billion Dollar Fraud, by Glen Shapiro, LawAndTax-News.com, New York09/05/2008
The US Commodity Futures Trading Commission (CFTC) has sued Illinois-based Sentinel Management Group, Inc. (Sentinel) and its senior management, charging them with fraud and segregation violations involving their handling of USD562mn in commodity customer segregated funds. [
FULL
STORY ]
SEC Staff Publishes SME Investment Recommendations, by Mike Godfrey, for LawAndTax-News.com, Washington09/05/2008
The US Securities and Exchange Commission's Division of Investment Management announced on Wednesday that it has prepared a recommendation on increasing the availability of capital to certain smaller companies that do not have ready access to the public capital markets or other forms of conventional financing. [
FULL
STORY ]
Top UBS Private Banker Held In US Tax Probe, by Leroy Baker, Tax-News.com, New York09/05/2008
A senior banker employed by Swiss bank UBS has reportedly been detained by the authorities in the United States in connection with an investigation into whether the bank helped its clients evade tax there. [
FULL
STORY ]
SEC Obtains Asset Freeze, Halts Fraud By Investment Adviser, by Mike Godfrey, for LawAndTax-News.com, Washington08/05/2008
The US Securities and Exchange Commission (SEC) on Monday obtained an asset freeze and other emergency action to stop a USD30mn hedge fund fraud by a San Diego-area investment adviser, Plus Money, Inc. [
FULL
STORY ]
USTR And Indonesia Trade Minister Meet To Discuss Trade And Investment Issues , by Mike Godfrey, for LawAndTax-News.com, Washington07/05/2008
US Trade Representative Susan C. Schwab (pictured) met on Friday with Indonesia's Minister of Trade, Mari Pangestu, to discuss the United States-Indonesia Trade and Investment Framework Agreement (TIFA). [
FULL
STORY ]
SEC Announces Start Of Distribution Process In AIG Settlement, by Mike Godfrey, for LawAndTax-News.com, Washington07/05/2008
The US Securities and Exchange Commission on Monday announced the start of the process that will return more than USD800mn in fair funds to harmed investors in American International Group, Inc., which settled SEC charges of financial fraud and improper financial reporting and disclosure over a four-year period. [
FULL
STORY ]
SEC Files Settled Enforcement Action Against Banc Of America, by Mike Godfrey, for LawAndTax-News.com, Washington07/05/2008
The US Securities and Exchange Commission (SEC) on Thursday filed a settled enforcement action against Banc of America Investment Services, Inc. for failing to disclose to clients that in selecting investments for discretionary mutual fund wrap fee accounts, it favored two mutual funds affiliated with BAISI. [
FULL
STORY ]
CFTC Charges USD7bn Hedge Fund 'Manager' With Fraud, by Glen Shapiro, LawAndTax-News.com, New York07/05/2008
A New York hedge fund manager who claimed to manage USD7bn in assets has been charged by the US Commodity Futures Trading Commission with fraudulently soliciting funds and concealing trading losses by issuing false accounts statements. [
FULL
STORY ]
US And New Zealand To Negotiate Protocol To Tax Treaty, by Mike Godfrey, Tax-News.com, Washington07/05/2008
The United States and New Zealand announced on Thursday that they plan to begin negotiations on a protocol to amend the existing bilateral income tax treaty, which entered into force in 1983. [
FULL
STORY ]
Wachovia Responds To US Tax Shelter Ruling, by Glen Shapiro, LawAndTax-News.com, New York06/05/2008
Wachovia Corporation has announced that, as a result of its analysis of the US government's recent court victory in a tax shelter case, it expects to record an after-tax non-cash charge of between USD800mn and USD1bn in the second quarter of 2008. [
FULL
STORY ]
Rabobank Denies US Tax Shelter Claims, by Ulrika Lomas, Tax-News.com, Brussels06/05/2008
Dutch Bank Rabobank has strenuously denied claims by a former employee in a recent Wall Street Journal article that it was a 'leading enabler' of illegal corporate tax shelters for clients in the United States. [
FULL
STORY ]
SEC Sets Fee Rates For Fiscal Year 2009, by Mike Godfrey, for LawAndTax-News.com, Washington05/05/2008
The US Securities and Exchange Commission (SEC) announced on Thursday that in fiscal year 2009, the fees that public companies and other issuers pay to register their securities with the Commission will be set at USD55.8 per million dollars. [
FULL
STORY ]
HSAs Are 'Tax Shelters For The Rich' GAO Report Finds, by Leroy Baker, Tax-News.com, New York05/05/2008
Two senior Democrat Representatives have released the findings of a report by the Government Accountability Office, which has concluded that Health Savings Accounts (HSAs) are being increasingly used by the wealthy to avoid tax, rather than as a mechanism to help working families obtain needed health care. [
FULL
STORY ]
Relief Announced For Stimulus Payments Withdrawn From IRAs And Tax-Favored Accounts, by Mike Godfrey, for LawAndTax-News.com, Washington05/05/2008
Economic stimulus payments directly deposited into IRAs and other tax-favored accounts may be withdrawn tax-free and penalty-free, the US Internal Revenue Service (IRS) announced on Wednesday. [
FULL
STORY ]
OECD Comments On Internet Address Shortage, by Amanda Banks, for LawAndTax-News.com, London05/05/2008
Governments and business must work together more effectively and urgently to meet the growing demand for Internet addresses and secure the future of the Internet economy, according to a new OECD report, published on Wednesday. [
FULL
STORY ]
SEC Completes Review Of Cross-Border Tender Rules, by Mike Godfrey, for LawAndTax-News.com, Washington02/05/2008
The US Securities and Exchange Commission's Division of Corporation Finance announced on Tuesday that it has completed its review of the Commission's cross-border tender, exchange offer and business combination rules, and has prepared recommendations for consideration by the Commission. [
FULL
STORY ]
Schwab Meets With ASEAN Economic Ministers, by Mary Swire, Tax-News.com, Hong Kong02/05/2008
US Trade Representative Susan C. Schwab is in Bali, Indonesia, between 1st-4th May, to meet ASEAN Economic Ministers regarding the US-ASEAN Trade and Investment Framework Arrangement (TIFA), and to discuss the Doha Round negotiations. [
FULL
STORY ]
US Government Wins Tax Shelter Case, by Glen Shapiro, LawAndTax-News.com, New York02/05/2008
The Court of Appeals for the Fourth Circuit on Tuesday agreed with a federal district court that BB and T Corporation is barred from obtaining a tax refund of approximately USD4.5mn. [
FULL
STORY ]
USPTO And EPO Launch Patent Prosecution Highway Initiative, by Glen Shapiro, LawAndTax-News.com, New York01/05/2008
The United States Patent and Trademark Office (USPTO) and the European Patent Office (EPO) on Monday announced that they intend to launch a trial cooperation initiative called the Patent Prosecution Highway (PPH) in September. [
FULL
STORY ]
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