Tim O'Connor's Blog

Tenants-in-Common Investments: An Accident Waiting to Happen

The most common form of tenancy-in-common interests involves ownership interests in real property, with two or more persons possessing undivided interests in the property. Section 1031 of the Internal Revenue Code codified permissible transfers of the taxable basis in an interest in property when exchanged for a like-kind property. If done properly, such a transfer […]

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New 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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FINRA Investor Alert: IRA Rollover Tips

The Financial Industry Regulatory Authority (FINRA) issued an investor alert entitled The IRA Rollover: Ten Tips to Making Sound Decision. As many Americans face the decision to either keep their retirement nest egg with a former employer plan or to roll invested investments over can be the single most important decision faced by a retiring […]

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Become a FINRA Arbitrator

The Office of Dispute Resolution of the Financial Industry Regulatory Authority (FINRA) is currently seeking experienced professionals, citizens, and members of the community to serve as arbitrators on FINRA arbitration panels.  Notably, the arbitration proceeding is conducted by the Office of Dispute Resolution of the Financial Industry Regulatory Authority, oversees all claims of investors who […]

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Functional Fiduciary Liability Under ERISA

There are over one million ERISA-qualified pension plans in the United States, including two hundred thousand defined benefit plans.  At one time, defined benefits plans were the predominant vehicle for employer-funded employee retirement plans until the emergence of the defined contribution plan, also known as 401K plans. Defined benefit plans, due to punitive aspects of […]

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