Hedge Fund Fined for Taking Investor Money to Support Other Funds: Enforcement
By: Emily Zulz - September 29, 2017
A federal court in Connecticut ordered a hedge fund manager and his investment advisory businesses to pay nearly $13 million in a case where the Securities and Exchange Commission alleged he illegally diverted investor money for use by other hedge funds that were illiquid and in need of cash.
The Hidden Risks of Holding Assets in Trusts and LLCs
By: Fran O’Brien - September 27, 2017
If there is one thing financial advisors understand, it's the critical importance of clarity in who owns a particular securities account. Make even an innocent mistake in the ownership record of an inherited individual retirement account, for example, and your client may wind up with a tax bill of several thousand dollars.
From a business perspective, I love August. I understand for many it is a time for vacation, last-minute activities before the kids go back to school and, hopefully, relaxation, but it's also a nice opportunity to work “on” your business instead of always working “in” your business.