Sotheby’s allowed $27 million of art to be purchased tax-free by Porsal Equities, even though the auction house knew the client wasn’t an art dealer but was instead a collector buying for his personal use, the state said in a lawsuit.
Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits.
The ongoing crisis offers the perfect time to focus on self-development and professional development.
If Joe Biden is the winner of Tuesday's election, a Republican Senate could make it more difficult to overturn Trump-era regulations and enact the Biden agenda that would most impact financial advisors.
Terrence Chalk used the alias 'Dr. Terrence Cash' to keep clients from learning about his criminal record and convinced retirees to invest their savings, which he used for his own expenses, according to the SEC.
Financial advisors don't see major disruptions to their clients or their practices despite the uncertainty of the election outcome.
The SEC Enforcement Division's annual report also detailed how the regulator had dealt with the enforcement ramifications of the COVID-19 crisis.
