A Rare Depth Of Experience At The Highest Levels Of Business And Finance
A U.S. Entity on Paper Isn’t a Business—Without Control, It’s a Liability For Latin American startups and growth-stage companies, the U.S. market remains the ultimate proving ground—a deep capital pool, massive customer base, and the credibility that comes with...
In a significant legal development, several recent court rulings have struck down key regulations imposed by the U.S. Securities and Exchange Commission (SEC) on private funds, deeming them unconstitutional. In another case, the SEC’s practice of using in-house panels...
The Corporate Transparency Act (the “CTA”)[1] was found to be unconstitutional by the US. District Court for the Eastern District of Texas. In Texas Top Cop Shop v Garland et al. (case 4:24-cv-00478 December 3, 2024), the U.S. District Court for the Eastern District...
A major deadline set by The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) for entities that are required to file beneficial ownership reporting under the Corporate Transparency Act (the “CTA”), is quickly approaching on January 1,...
Overreach or not, the CTA will most likely apply to your business. In an earlier newsletter, we advised that new reporting requirements had been mandated under the CORPORATE TRANSPARENCY ACT (“CTA”) for all companies created or registered to do business in any state....
EXECUTIVE SUMMARY The SEC adopted new rules and amendments under the Investment Advisers Act on August 23, 2023, which impose substantial new regulatory obligations and place significant restraints on traditional practices used by private funds advisors. We believe...
In the first enforcement action of its kind, the Securities and Exchange Commission (the “Commission” or the “SEC”) filed a complaint in the Northern District of New York against Pinnacle Advisors, LLC and associated individuals for violations by the NYSA Fund (the...
In January, the Chief Counsel’s Office of the IRS issued Advice Memorandum CCA 202302011,[1] explaining how and when a taxpayer may deduct crypto losses as “worthless or abandoned” property under Section 165(a) of the Internal Revenue Code. It is important to note...
The Securities and Exchange Commission (SEC or Commission) has adopted significant new reporting requirements applicable to investment advisors to all Private Equity Fund Advisors, Large Private Equity Fund Advisors, and Large Private Hedge Fund Advisors.[1] Form PF,...
Contagion in financial markets is difficult to define. Relating to Deutsche Bank, I think it is likely that the proximate cause of Deutsche Bank's issues with its Credit Default Swap spike on March 23 and its stock decline is the controversial decision by Swiss...