Washington D.C. — A Manhattan-based investment advisory firm and its Toronto-based hedge fund manager have agreed to settle charges that they misled investors about a fund’s investment strategy and historical performance. They will reimburse investors $2.877 million in losses. According…

WASHINGTON - The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of…

Groundbreaking rule opens the door for seafood farming in federal waters of the Gulf of Mexico NOAA filed a final rule today implementing the nation’s first comprehensive regulatory program for aquaculture in federal waters. The groundbreaking rule creates a coordinated…

The Federal Reserve will increase short-term interest rates for the first time in seven years – offering a vote of confidence for the economy while promising cautious future steps to avoid undermining the recovery. The Fed has kept interest rates…

Credit risk in the Shared National Credit (SNC) portfolio remained at a high level, according to an annual review of large shared credits released today by federal banking agencies. The SNC review has been conducted by the Board of Governors…

The Securities and Exchange Commission today announced that it will hold its annual Government-Business Forum on Small Business Capital Formation at its Washington D.C. headquarters on Nov. 19, 2015. The morning session of the forum will feature panel discussions on…

Following a public comment period, the Federal Trade Commission has approved final consent orders against two Las Vegas auto dealers that misrepresented the cost of cars in advertising. In June 2015, TC Leadership LP, doing business as Planet Hyundai, and…

In a related criminal action, Watson pleaded guilty to wire fraud and was sentenced to 12 years imprisonment Washington, DC - Judge Mark A. Goldsmith of the U.S. District Court for the Eastern District of Michigan entered an Order requiring…

Phoenix – Creating an LLC in Arizona just got a lot easier. The Arizona Corporation Commission is accepting online filings for the first time. Before the online e-filing became available earlier this month, someone wishing to create a limited liability…

Beaufort and Chukchi Sea Lease Sales will be Cancelled in Current Five Year Oil and Gas Program WASHINGTON – In light of current market conditions and low industry interest, the U.S. Department of the Interior will cancel the two potential…

Arizona voters enacted the Raise the Minimum Wage for Working Arizonans Act in 2006. The voter initiative established an Arizona minimum wage and provided for an annual increase based on the increase in the cost of living. The cost of…

Your clients, or those you serve might wonder whether receiving an Economic Impact Payment will affect other benefits. The short answer is: no. Because the Economic Impact Payment is a tax credit, it shouldn’t be counted as income and shouldn’t…