Chief Compliance Officers Like Helane Morrison Are Faced With Regulatory Dilemma

Chief Compliance Officer group stated that their members are feeling vulnerable and are ready for more investigation and possible enforcement actions this year. Opposing to this development, SEC members argued that there is totally no change in the way they view compliance officers at money management companies. The founder and CEO of the Regulatory Fundamentals Group LLC, New York, said that regulators are not changing compliance officers’ role; they are instead willing to articulate their expectations about the role of compliance officers, which is to identify risks and facilitate the organization’s response. 

Karen Barr, the President and CEO of the Investment Advisor Association in Washington, also had the same view as CCO Group’s. She said compliance officers are being skeptical. When a BlackRock (BLK) LLC compliance officers failed to disclose a top performing portfolio managers’ in April 2015, SEC charged them and they were fined $12 million. They also charged SFX Financial Advisory Management Enterprise Inc. with its compliance officer in June for failing to implement prevention policies on misappropriation of client assets. SFX and CCO Eugene Mason paid $150,000 and $25,000 respectively. Daniel Gallegher, the then commissioner, said things should have been done differently. 

SEC enforcement director, Andrew Ceresney, justified their move by saying that most of the cases that SEC brings involve CCO’s that engage in affirmative misconduct or obstructing regulators, which is unacceptable. He said this in November during the National Society of Compliance Professionals. He added that the enforcement actions should in fact be appreciated because they demonstrate the need for cooperation and transparency within CCO firms but Mr. Gallagher did not agree with this position. 

Ms. Prutzman indicated that the increasing scrutiny of money managers’ compliance programs will leave problems unchecked, as the upcoming investors will focus more on how to deal with the compliance program. Ms. Barr and Todd Cipperman of Cipperman Compliance Services in Wayne agreed to this position. This information was originally reported on PI Online as explained in the following link: http://www.pionline.com/article/20160111/PRINT/301119976/chief-compliance-officers-prepare-for-closer-sec-scrutiny

Helane Morrison is the managing director, general counsel and chief compliance officer of Hall Capital Partners LLC. Before joining the firm in 2007, where she was also a member of Executive Committee, she had headed the San Francisco Office of the U.S. Securities and Exchange Commission (SEC) from 1999 to 2007. She was in charge of securities enforcement, litigation and regulatory matters. 

Morrison practiced law at the San Francisco law firm from 1986 to 1996. She was promoted to be a partner in 1991. Her studies focused on business litigation and defense of private securities. She is also a board member of the Regional Parks and a member of the hedge fund subcommittee of the American Bar Association. This information was mentioned on SF Gate.

The death of the penny.

A recent article on the subject of money, low value currency especially, was written by prnewswire.com. The U.S money reserve president Philip Diehl gave a perspective on the efficiency of certain coins. He talks about how, “nobody uses the penny anymore…if you bend over and pick it up in the street, then you’re getting paid less than minimum wage for your trouble”. He points out that it costs more to make the penny than it’s worth and suggest discontinuing it. Opponents to this are the zinc lobbyists because of the amount of zinc used in pennies. Today’s pennies are ninety-seven point five percent zinc and the rest is a copper alloy.

It costs millions of dollars to produce them annually, money straight from taxpayers, and they aren’t useful or efficient anymore. Again opponents argue against this by saying that it will distort prices and lower confidence in U.S money. The truth is that neither of these things would actually happen. The majority of money moved around today is moved electronically. Physical transactions are less and less common. Venders and salespeople could easily round down and give consumers a break without losing significant revenue. Losing the penny might actually entice people to buy more. There is also talk about removing or altering the nickel in order to make it cost less to produce.
The U.S money reserve is the largest distributor of U.S gold, silver, and platinum products. They sell a long list of historic coins, coins made by the U.S mint, and all the coins are considered legal tender. They guarantee their compositional percentages on their coins.

Investment Advisory with Brad Reifler

Investment advisers perform noble duties of guiding investors to profitable ventures. Advisory requires wit, experience and a touch of magic. Brad Reifler is one of the great investment advisers in America today.

Brad is the current CEO of the Forefront Capital Management group. This firm operates in the forex and stock markets. Here, Brad’s wealth of experience spanning over three decades comes in handy especially in meeting client needs. Before Forefront Capital, Brad has helped establish and run a few other companies.

Brad Reifler founded a namesake trading company back in 1982 immediately after graduating from Bowdoin College as his CrunchBase shows. Not long before, he had started trading derivatives from the comfort of his hotel room. At Bowdoin, he studied Economics and Political Science, a course that expanded his knowledge of the global economy.

As his reputation grew, the young graduate continued to endear himself to investors. Eventually, Brad Reifler branched out and founded Pali Capital, which would make him a household name. He led the company as its CEO and Chairman for thirteen solid years as the firm realized profits of over $200 million.

In the year 2000, Brad sold the Refco Trading Company to his grandfather’s firm and focused wholly on his other establishments. His passion for entrepreneurship led him to form yet another company, the Forefront Advisory. At Forefront, investors come for expert advice on commodity and equity markets. Remember, we live in times of economic volatility and uncertainty hence the demand for experts like Brad Reifler.

Investment in stocks and commodities is viewed as a long-run game that tests one’s patience and intelligence. In Brad’s experience, anybody can invest for future returns regardless of their position on the economic strata. He speaks passionately about the need to include all people in the investment arena. The focus of his lectures lately has been the lower and middle-income households.

Traditionally, the upper class in society is the primary or accredited investors. However, they account for just 1% of the population while the potential of the 99% remains untapped. If anything, the poverty gap can be closed by engaging the non-accredited investor into the loop. Brad has been incubating the idea and seeking ways to implement it.

Apps Teens Should Avoid

There are several apps that can be fun to use to connect with friends and other people. However, when it gets way too complicated and certain websites are clearly too dangerous for some people to use, it’s vital that you completely ignore that site to stay safe.

– Omegle

This one is way too difficult for parents to bear because of how easy it is for predators to use. With no sign up required at all, kids and people of all ages can speak to others within seconds after being matched by a computer to start video chatting right away. Some men will be completely naked within seconds of starting a video chat. Omegle should be avoided simply for its easy access to all predators online.

– Dating Apps

In general, any teenager under the age of 18 shouldn’t sign up to any big dating sites for plenty of reasons. One of them being that some can be used strictly for hooking up, which for some teenagers are too young to understand and comprehend in regards to engaging in safe sex. Many people will lie on dating apps, making it easy for people to trick other teens who are clearly oblivious to fake profiles. Apps like eHarmony, Tinder, and other related apps should be avoided at all costs.

The only dating apps that they should be allowed to explore is Skout simply because of its ease of use, fun platform, and also very safe features. Skout gives people the chance to date, but the main premise is for users to find friends to meet when they visit a specific city, state, or country. If you have a family who loves to travel, Skout can be the place to be to make some quick friends and also have some people show you around.

Skout has gained some serious growth over the years because of their approach to crafting top of the line platforms for new users. Many people love Skout also because of the friendly approach it gives people. It’s an app that does help people find dates, but there is no stigma at all about the fact that there is predators and other weirdos on the app.

Dating apps are very fun to use, but it’s vital that a teen is very well educated about this industry and know about the struggle involved with being on the wrong places. The apps above are just a few teens should never consider using on smartphones.

Fourth Quarter Analysis of the Manhattan Property Market by Town Residential

Recently, Town Residential, a leading luxury NYC real estate firm in New York released its quarterly residential market report, the Aggregate for the last quarter of 2015. The report indicates a continued increase in price action. This information was originally reported on Virtual Strategy Marketing.

Manhattan posted a gain of 5.2% year-over- year average sales prices rising to $1,976,660. The median sales prices rose by 16% when compared to the previous year to $1,150,000. By the close of 2015, price per square foot hit new record levels with the median trends at $1,365. This is 6.2% higher than 2014. Compared to the third quarter of 2015, the price per square foot trends rose to $1,505, which is an 8.4% rise.

The most year-over-year gains were posted by Manhattan condos with an increase of nearly 20% in the fourth quarter of 2015 to come in at $1,736,250.

Co-ops in Manhattan went for an average price of $1,272,902 in the fourth quarter of 2015, an increase from the third quarter’s price of $1,217,017. The average price of the co-ops on a year-over-year basis rose by 6.4%. Trends for average square foot came in at $1,087, a 6.3% rise from a year ago with a slight increase relative to the third quarter’s $1,066.

According to Andrew Heiberger the CEO and founder of Town Residential, the closing in of pricy listings in new developments is the reason behind the increase of market prices in Manhattan. This is because of the widening gap that Manhattan has been experiencing between new developments and market trends. Wendy Maitland, the president of sales at the firm notes that the record prices are still contributing to the year-over-year in the market average price per square foot.

Itzy Garay, the executive vice president of sales and leasing at Town Residential points out that the power is steadily shifting to the buyer. The sharp rise in median days on market was contributed by their cost conscious approach. According to Itzy, the information that they have at their disposal makes them able and ready to buy but not willing to do so at any price.

It offers invaluable insights into the current trends and conditions in the market. It draws its data from the live ACRIS feed that is availed by the New York Department of Finance and the Manhattan market rolling sales data.

Living Wills Say Your Wishes Legally

Anytime you need legal counsel you rely on the best legal representation New York has to offer you. Attorneys that specialize in things like family law and litigation are looking to the specialists in this field. If you are in need of someone to draw up an agreement between you and your boss, check into the legal professionals that are specializing in that type of law. Each type lawyer specializes in his or her own field. This is why you should use Ross Abelow when you need family papers drawn up.

Wills are important papers when there are children involved. The first thing parents worry about is, who is going to take care of my minor children if i pass away. Drawing up a will is one way to ensure your children are taken care of in the event of your demise. You can write what your wishes are and who you wish to handle the children’s affairs. Wills are also good when there is a lot of money involved. A family member that passes without a will leaves his family in turmoil. The family will have to go through lots of legal battles before they can receive what you probably meant to leave them. As for greedy family members, you can choose what to leave them and legally the greedy family member is unable to change your wishes.

Wills are another way to discuss your final resting wishes. Do you want life support? Do you want feeding tubes? A living will is something that plainly describes your wishes. You should always give a copy of a living will to your doctor and to the hospital. Make sure your family knows your wishes. Your attorney in New York, Ross Abelow, will also keep a copy on file. This makes it easier on the family when and if it comes to making life decisions for you.
Make sure you have these two type wills available to family members and your lawyer. It is important for your doctor to know your wishes. He or she can turn off life-sustaining machines if you are unable to turn it off. No one wants to turn off a machine and let the family go, but if there is nothing that the doctor can do, let him follow through with your wishes. Bring out the Living Will. It will help with all those last tough decisions.

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Spend Your Golden Years In Luxury

Assisted living facilities are often mentioned with disdain as their reputation is less than ideal. However many seniors who can still live independent lives need a little bit of help, which is why they or their family members begin to look into assisted living facilities. For those who are living in or plan on moving to the central region of California you should take a look at Manse on Marsh.

Owned and operated by Chris Skiff for the past 15 years Manse on Marsh has become one of the most highly recommended living facilities for seniors. Skiff himself has been dedicated to senior care since he was in his early twenties. After graduating UCLA with honors Skiff worked with a top developer to create affordable senior apartments at the age of twenty-three. Now his facilities are award winning communities known for their excellent care, variety of options, cleanliness and great staff. Manse on Marsh has been the consistent award recipient for ‘Premier Independent and Assisted Living Community’ on California’s central coast.

What sets the Manse on Marsh apart from all other assisted living facilities is their style of living. While there is a general list of things senior facilities come with, Manse on Marsh goes an extra step to ensure their residents live their life to the fullest. Assistance is dependent on the resident’s own needs and the boundaries are set by the individual. There is also the completely independent living option for those who want to retire in a private little community. For those who need assistance they are given a pendant they can use any time 24/7 if they are in need of help or medical attention. There is a registered nurse on sight constantly as well as a certified medication technicians.

Daily services including laundry, bed making, and trash removal are included in every program. Each resident is given three meal tickets which can include a dessert if requested. Instead of eating in a hospital style cafeteria, Manse on Marsh offers a bistro-style dining experience hosted beneath atrium skylights so you can enjoy a meal under the stars or morning sun. Hot beverages and fruit are also offered all throughout the day as well as water bottles.

They provide a myriad of exercise classes, relaxing neighborhood walks, bible and prayer services daily, and bingo. Manse on Marsh recreates the negative vision of assisted living facilities and truly wants their residents to retain as much independence as possible.  They can be contacted online, and are one of the nation’s most award winning facilities.

Mr. and Mrs. Bruce Levenson’s generous donation promotes philanthropic studies to the next generation.

Mr. and Mrs. Bruce Levenson of UCG promote philanthropic studies to the next generation. Maryland hosts the leading center for philanthropic studies in the Nation’s Capital. The Center for Philanthropy and Nonprofit Leadership is funded by Bruce Levenson and Karen Levenson. Bruce Levenson is a businessman, philanthropist, and co-owner of the Atlanta Hawks. He is a leading contributor for the Jewish Federation and other Jewish causes. Including being a founding donor of the United States Holocaust Memorial Museum in Washington, D.C.. Mrs. Karen Levenson is a teacher who runs programs for the Jewish Youth Philanthropy Institute. Mr. and Mrs. Levenson believe in giving students the skills and experiences they need to be leaders in the nonprofit sector. Local and international community benefit from the center, while providing students with the skills and experiences they need to be leaders. Students from the University of Maryland take part in the Do Good Challenge. This challenge is a campus wide competition that inspires students to make the biggest social impact they can for their favorite cause. This form of higher education ensures each student attending the University graduates as an informed and motivated philanthropist. None of this would be possible without the generous contributions and a firm belief in education from Mr. and Mrs. Bruce Levenson.

Brenda Wardle Writing A Book About The Trial Of Oscar Pistorius

As a South African woman, Brenda Wardle has completed an enormous amount of accomplishments. One of her most esteemed pieces is a novel that will be released on the Oscar Pistorius trial. This novel is entitled, To Kill A Fragile Rose – The State’s Case Against Oscar Leonard Carl Pistorius. Her legal analysis of the trial and case is impressive because of her vast experience in the field.

Since Oscar Pistorius was accused of murdering Reeva Sttenkamp but since found to be guilty of culpable homicide, the case received a lot of press and interest by the legal community.

Since she is the CEO of the Wardle Coole of Law, Brenda Wardle has earned her reputation for excellent knowledge and work in the legal field.

Her background includes a total of three law degrees. Her Master of Laws Degree has given her the ability to understand a variety of cases and trials. She also has an Intermediary Degree Qualification in Criminal Justice to give her an expertise that others rival. Staring out, she received her Bachelor Degree of Laws Degree to give her the immediate background that she needed to enter the field.

She has also published of number of articles for law journals and several different newspapers. Her writing expertise is also shown by the novel that she has out, Odyssey of A Woman, which details her life and career. This is an informative read that many people find uplifting and encouraging for women in the legal field.

Brenda Wardle will continue to make great strides in the legal community as she proves to be someone that gives a fantastic analysis of a variety of cases that are important. She is an impressive woman that has made great strides in her field and continues to be a great and informative writer that gives the information that is necessary.

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