Latest Articles

  • SEC Busts $3.3 Billion Accounting Fraud

    By:
    Chris Gaetano
    |
    Mar 6, 2017
    The Securities and Exchange Commission has announced that Desarrolladora Homex S.A.B. de C.V., a Mexico-based home building company, has agreed to settle charges relating to a $3.3 billion accounting fraud. 
  • TIGTA: Thousands Received ACA Premium Tax Credit Without Verifying Eligibility

    By:
    Chris Gaetano
    |
    Mar 6, 2017
    The Treasury Inspector General for Tax Administration said that in 2014 alone over 35,000 individuals benefited from premium tax credits through  Affordable Care Act without any verification as to whether or not they were eligible for the program. 
  • Study: CEOs Need to Get Out of the Good News Bubble

    By:
    Chris Gaetano
    |
    Mar 3, 2017
    Interviews with over 200 business leaders has found an almost universal issue among them: once you're CEO, no one wants to tell you anything bad, or even anything that could potentially be perceived as bad, meaning that leaders are often isolated from the goings on within their own companies. The best CEOs, according to the MIT study, are those who can pierce this shell and get the information they need. 
  • PwC Partners Responsible for Oscars Snafu Won't Be Invited Back

    By:
    Chris Gaetano
    |
    Mar 2, 2017
    Martha Ruiz and Brian Cullinan, the two PwC partners responsible for the recent Oscars mix-up that led to the wrong film being announced as winning the Best Picture award, will no longer be on the team responsible for ensuring the integrity of the process. 
  • US DOL Delays Fiduciary Rule Implementation, Wants Additional Comments

    By:
    Chris Gaetano
    |
    Mar 2, 2017
    The U.S. Department of Labor said that it will be delaying the implementation of a new rule requiring that retirement investment advisers follow the fiduciary standard versus the more widely-used suitability standard from April to June in order to collect more comments. 
  • Budget Constraints Means Fewer IRS Criminal Investigations Last Year

    By:
    Chris Gaetano
    |
    Mar 1, 2017
    The IRS launched fewer criminal investigations last year, not because suddenly everyone's heart grew three sizes and decided not to commit any crimes, but because there wasn't as much money to do so. 
  • NY Cybersecurity Rules Now In Effect

    By:
    Chris Gaetano
    |
    Mar 1, 2017
    As of March 1, New York's new cybersecurity regulations, which mandate financial institutions take certain actions to better safeguard customer data, are now in effect. 
  • Speakers: Equity Crowdfunding Fills in Gap for Small Businesses

    By:
    Chris Gaetano
    |
    Feb 28, 2017
    It's been less than a year since Securities and Exchange Commission rules allowing for equity crowdfunding went into effect, and already startup companies have raised tens of millions of dollars in seed funding. While this may not seem like much to investors used to hundred million dollar deals, it's meeting a major need for small businesses that have faced growing challenges to raising capital through more traditional channels. 
  • Regulatory Roundup: Feb. 22-28

    By:
    Chris Gaetano
    |
    Feb 28, 2017

    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. 

  • PwC Apologizes for its Role in Steve Harvey Moment at Oscars

    By:
    Chris Gaetano
    |
    Feb 27, 2017
    Big Four firm PricewaterhouseCoopers apologized for its role in the Steve Harvey moment at last night's Oscars, where it was first announced that La La Land had won best picture before the announcers backtracked and said that, in fact, Moonlight was the actual winner.