Monthly Archives: September 2019

An Overview of the SEC’s “Regulation Best Interest” and Form CRS

Broker-dealers (“BDs”) should be aware that, on June 5, 2019, the SEC adopted “Regulation Best Interest” (“Reg BI”), which requires BDs and their registered representatives (“RRs”) to “act in the best interest of the retail customer,” when “making a recommendation” regarding “a securities transaction or investment strategy.”  In addition, the SEC’s new rules require BDs to deliver Form CRS relationship summaries (“Form CRS”) to retail customers.  BDs will need to be in compliance with Reg BI and Form CRS, which were accompanied by more than 1,000 pages of explanation, by June 30, 2020.   On August 7, 2019, FINRA issued Notice 19-26, which informed BDs and RRs of the need to comply, but offered no guidance on compliance.  This post summarizes some of the key aspects of Reg BI and Form CRS.

Read more

Read full article

Talking Tax – Issue 170

Meeting the personal services business tests

The Administrative Appeals Tribunal (Tribunal) in the case of Ariss v Commissioner of Taxation [2019] AATA 2958 has held that money generated by the Taxpayer’s activities as an IT consultant, and split between the Taxpayer and his wife via a third-party trust arrangement, was in fact personal services income (PSI) and directly assessable to the Taxpayer.

Read more

Read full article
ILN Today Post

Employees’ Provident Fund – Aftermath of Vidyamandir Case EPFO’S Caution

On February 28, 2019, the Hon’ble Supreme Court, vide its judgement in the case of The Regional Provident Fund Commissioner (II) West Bengal vs. Vivekananda Vidyamandir and Others (clubbed with other civil appeals) (“Vidyamandir Case”), re-affirmed the position concerning inclusion of certain allowances for determining the provident fund contribution.

Read more

Read full article

A timely reminder: extensions of time for registration under PPSA

The decisions of In the matter of Assta Labels Pty Ltd [2018] NSWSC 1094 (Assta), In the matter of Psyche Holdings Pty Limited [2018] NSWSC 1254 (Psyche and, In the matter of Highlake Resources Pty Ltd [2018] FCA 1292 (Highlake) have added clarity to the factors courts will consider in assessing whether to grant an extension of time for registration on the ‘Personal Property Securities Act 2009 (Cth) (PPSA).[1]

Read more

Read full article
ILN Today Post

Las Vegas Attorney W. West Allen to Serve as 2019-2020 President-elect of Federal Bar Association

Royal Oak, Michigan-based Howard & Howard is pleased to announce that attorney W. West Allen has been elected to serve as president-elect of the Federal Bar Association (FBA) for the 2019-2020 term. Allen will be sworn in at the organization’s 2019 annual meeting and convention in early September. He will serve as National President of the FBA for the 2020-2021 term.

Read more

Read full article

The Bar acknowledges three RSS lawyers for their distinguished careers

As part of today’s rentrée judiciaire, the Bar of Montreal will pay tribute to those lawyers celebrating this year their 70th, 60th or 50th anniversaries of being called to the Bar. Three RSS lawyers are among those:

Read more

Read full article

Rainmaking Recommendation from Jaimie Field: Recommendations, Reviews, and Testimonials (Part 3): How to Deal with Negative Reviews

In today’s guest post, rainmaking coach and trainer, Jaimie Field, is teaching us how to handle negative reviews – these can and do happen, and how we deal with them can be an opportunity as well as a challenge.

Read more

Read full article

TheLegalBay.gr: No Pirates allowed

In the framework of its efforts against online copyright piracy, the Hellenic Copyright Organization (“HCO”, Greek Acronym “OPI”) launched, on August 1st 2019, a new web portal, under the domain name “theLegalBay.gr”. The new website aims to be the place where online users can easily find web platforms available either solely in Greece or worldwide (including in Greece), which provide copyright protected content legally.

Read more

Read full article
ILN Today Post

September 30th Deadline for Submitting Pay Data to EEOC as Part of EEO-1 Report

Employers with at least 100 employees – or federal government contractors and first-tier subcontractors with 50 or more employees and at least $50,000 in federal government contracts – have a deadline of September 30, 2019 to file with the U.S. Equal Employment Opportunity Commission (EEOC) a revised EEO-1 Report incorporating payroll data. The EEO-1 Report, which these employers must file annually, is a compliance survey that requires company employment data categorized by race/ethnicity, gender and job category.

Read more

Read full article
ILN Today Post

Tamsin Kaplan Named to Massachusetts Lawyers Weekly’s “Top Women of Law” List

Davis Malm is pleased to announce that shareholder Tamsin Kaplan has been selected to the Massachusetts Lawyers Weekly 2019 “Top Women of Law” list. This highly coveted honor is presented to exceptional lawyers who are recognizable pioneers, educators, trailblazers and role models who have made tremendous professional strides and demonstrated great accomplishments in their respective legal fields. Ms. Kaplan and the other award recipients will be honored at a reception on November 7, 2019 in Boston.

Read more

Read full article