The SEC’s proposed order has implications for all sellers. While meant to open private capital markets and expand finder activities, the unintended consequence may be the blurring of the lines between finders and sellers, subjecting unwitting investment advisers and insurance producers to claims for unlicensed securities sales. By Paul Vorndran. Issued October 7, 2020, the… Read more »
To most, the GameStop frenzy reeks of market manipulation of some sort and investors are calling for justice. We’ve seen this before. By Nicole Westbrook. Four weeks ago, GameStop’s stock (GME) was trading around $18 per share. Four trading days later, the price doubled. This week it doubled two more times and by Wednesday’s close,… Read more »
Estate plans can be changed after an individual starts showing signs of diminished capacity. Set some guardrails to minimize the risk of family disputes. By Dylan Metzner People are greedy. It’s human nature. Not all people are driven by greed but when the rewards of wealth are on the line, greed can have a way… Read more »
Transactions are inherently risky, giving rise to contentious negotiations over representations and warranties and related indemnification provisions. The rise of R&W insurance is smoothing the way to faster and less contentious closings. By Dave Thayer. Buyers and sellers come to the transaction table wanting the best price at the lowest risk, and ready to do… Read more »
Where does this leave businesses in need of capital? By Dave Thayer. The trouble with finders continues and much of it is self-imposed by the Securities and Exchange Commission (SEC), which has proposed exemptive relief for unregistered finders.[1] The proposed rule, released on Oct. 7 , 2020, would provide a new limited, conditional exemption from… Read more »
The gray area, where “suitable” activities cross over to activities that are fiduciary in nature, is when disputes that drive consequential outcomes happen. By Paul Vorndran There is not always a bright-line test for determining when an individual’s activities cross the line from insurance producer to investment adviser, or when suitability crosses over to… Read more »
2021 may be the year the IRS dramatically increases partnership tax audits. By Brad H. Hamilton. On September 1, 2020, as a first step in its stated intention to increase Partnership audits in 2021, the Internal Revenue Service added a new section, BBA Centralized Partnership Audit Regime, on its website at IRS.GOV. BACKGROUND Before January… Read more »
We live our lives surrounded by the law. Attorney Marika Rietsema Ball believes there are practical aspects to how the law interacts with our lives each and every day. It is with this understanding that Marika set foot on the path to a career in law that has led her to Jones & Keller P.C…. Read more »
Jones & Keller assisted financial services company Midwest Holding Inc. (MDWT) in its public offering on the NASDAQ. The Lincoln, Nebraska, based company offered $70 million in the offering of 1,000,000 shares of voting common stock. Midwest Holding offers annuity products through independent distribution channels and reinsurance arrangements in the United States. Reid Godbolt, Samuel Wing and David Thayer with Jones… Read more »
By Brad Hamilton and Marika Rietsema Ball On January 1, 2021 the United States Senate voted to override the Executive veto of the National Defense Authorization Act for Fiscal Year 2021, which was previously overridden by the U.S. House of Representatives, thereby passing into law the anti-money laundering reforms in that act, including the Corporate… Read more »