In an Investor Bulletin entitled “Initial Coin Offerings” the United States Securities and Exchange Commission warned investors about the pitfalls of ICO’s (Initial Coin Offerings) also known as token sales to raise capital. The bulletin cautions investors to be wary of promises of higher returns which can be used to improperly induce investors to part with […]Read Post
Tim O'Connor's Blog
At its annual conference held in Washington, DC in May of this year, FINRA included a session to provide guidance for practices at FINRA member firms regarding the use of emerging technology in compliance and operations. The session included industry experts and FINRA staff in a panel addressing how emerging technologies are being utilized to […]Read Post
Do you have an inherited IRA? Do you know that it may not be exempt from claims of creditors and it may not be subject to the same protections afforded other IRA’s such as regular IRA’s, Roth IRA’s, SEP IRA and rollover IRA’s? Unfortunately, beneficiaries of inherited IRA’s labor under many similar misapprehensions and misunderstandings […]Read Post
Investment Adviser Accused of Stealing $1,000,000 From Clients In a Press Release of September 6, 2017, the Securities Exchange Commission announced charges against a New Jersey based investment adviser, Scott Newsholme, of Farmingdale, New Jersey, alleging that he stole more than $1,000,000 from advisory clients. The underlying charges include allegations of fabricated account statements, forged […]Read Post
IRA’s have been around for over 40 years, but most investors don’t know what happens when they inherit all or part of an IRA account as a death beneficiary. Taking an outright distribution of cash as a beneficiary of an IRA upon another’s death is usually a foolish idea. While spouses have generous options available […]Read Post
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