Category: General
FINRA Warns Against High-Yield CD Offers
In an investment alert dated February 9, 2016, the Financial Industry Regulatory Authority (FINRA) warned investors that high-yield CD offers can be big for high-commission investments. The investor alert warns against sales pitches designed to trick unsuspecting investors into purchasing very costly, potentially risky investments which are not in fact FDIC insured CD like products. […]
Read PostSophisticated Investor Standard for Private Placements?
On December 18, 2015 the United States Securities and Exchange Commission issued a Report on the Review of the Definition of “Accredited Investor.” The fringe market involving the sale of private placement investments to qualified investors pursuant to exemptions under Regulation D have exploded in the past ten years. Regulation D is an exception to […]
Read PostSEC Issues Report on Definition of Accredited Investor
On December 18, 2015 the United States Securities and Exchange Commission issued a Report on the Review of the Definition of “Accredited Investor.” The fringe market involving the sale of private placement investments to qualified investors pursuant to exemptions under Regulation D have exploded in the past ten years. Regulation D is an exception to […]
Read PostERISA Plan Trustees Subject to Offsets for Prohibited Transactions as Functional Fiduciaries
ERISA-Qualified Pension Plans The past decade has seen an explosion of new investment products being purchased in ERISA-qualified pension plans. These products, including structured products, auction rate notes, private placements, managed money arrangements, and registered investment with advisory relationships have seen ERISA plan trustees tempted by sellers of these products offering commission and/or referral sharing […]
Read PostNew York State Deferred Compensation Plan Beneficiary Designation
The New York State Deferred Compensation Plan is presently administered through Nationwide, and curiously, beneficiary designation forms must be mailed to an address in Ohio, not New York State. The New York State Deferred Compensation Plan Beneficiary Designation form (Form DC-3780-1213) can be accessed at www.nysdcp.com, and information relating to participation in the Plan can […]
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