Patrick Donachie

The Paycheck Protection Program is aimed to help assist small businesses retain employees, but advisors have joined others in navigating changing guidelines and ran into immense demand.

The SEC released two risk alerts to help firms prepare for the compliance date of June 30, which has remained unchanged despite the COVID-19 crisis.

The FPA, IAA, CFP Board and others are asking Congress to reinstate the tax deduction, which was repealed in the 2017 tax law, as well as expand the number of taxpayers who could benefit from it.

The news comes nearly a year after the Massachusetts commonwealth secretary filed a complaint against Stephen Querzoli, who was with the Philadelphia-based firm until 2018.

The SEC's work over the past 10 months with broker/dealers, advisors and regulatory agencies has prepared everyone for compliance by the end of June, Chairman Jay Clayton said today.

The programs will link top advisors and heads of firms with former RIA CEOs, who will offer guidance on how to make decisions in the midst of a volatile market.

The Financial Planning Association said Daniel Moisand has held the position since March 13 and will oversee Journal staff and create original content for the publication in his new role.

Horizons Financial Group will be joining from Triad Advisors and specializes in values-based financial planning services.