SEC Power to Recoup Illegal Profits Curbed by U.S. Supreme Court

SEC Power to Recoup Illegal Profits Curbed by U.S. Supreme Court

In early June, a unanimous Supreme Court handed down its ruling on whether “disgorgement,” or the repayment of ill-gotten gains, is subject to a statute of limitations. The court ruled that it is, and this has broad implications for any person or organization investigated by the Securities and Exchange Commission, experts say. “This will be more advantageous to all proposed SEC defendants, including Wall Street,” says Marc Powers, leader of BakerHostetler‘s securities litigation and regulatory enforcement practice and its hedge fund industry practice. “They will be able to sleep at night, not fearing the SEC and forever looking over their shoulders for their questionable conduct in the securities markets.” Here’s what you need to know about the ruling. The Case Charles Kokesh was found to have misappropriated funds from four investment companies. He was ordered to pay a civil penalty and disgorgement, dating back to 1995. Kokesh argued that the …

CONTINUE READING

Addicted to Your Smartphone?

Smartphones are an integral part of life for millions of us, but there can be a downside. It’s not unusual for some people to compulsively check their phones countless times at work, while on vacation and even if they wake up at night. In fact, a recent Gallup poll found that about half of U.S. smartphone owners check their devices multiple times every hour, and 11% said they need to check their phones every few minutes. The appeal of these amazing phones is undeniable. They provide instant communication, connect you to the Internet, let you snap a selfie, help you with directions, play your favorite music and more. But if you can’t fully focus on family life, leisure time or even the job at hand during work hours — and if you feel anxious when you aren’t staring at your device much of the time — you may need to …

CONTINUE READING

6 of the Latest & Greatest SmartOffice Changes

SmartOffice has just released its first update for 2017. In a new video, Director of Product Management, Bryan Eshelbrenner, has highlighted 6 of the latest and greatest changes SmartOffice users can take advantage of. Here’s a look at the changes: Hi, I’m Bryan Eschelbrenner from Ebix here to go over some of the highlights in SmartOffice 2017 Release 1 available [now]. 1. Ever go to add a customer in SmartOffice, only to find out you’re out of available fields? Well, try again now. We’ve added 20 fields or more to every data type on every custom field object in SmartOffice. As always you can add these fields to your page layouts, you can add them as columns to your reports and they’re available as merge codes on your letter templates. 2. For those of you who bounce back and forth between SmartOffice Anywhere and SmartOffice Pro, it can be frustrating …

CONTINUE READING

What You Lose When You Don’t Use Your Paid Time Off

What You Lose When You Don’t Use Your Paid Time Off

Early in her career, Lisa Martin says she was trying so hard to earn her keep and prove herself that she often gave up her allotted vacation, personal sick time and sometimes even lunch hours. One year, she ended up leaving an entire week and a half on the table, and only about 3 of those days rolled over into the next year. “Looking back, I understand why I worked so hard, but I wish I had taken more vacations or at least a couple of 4-day weekends here and there,” she says. “My stress levels were through the roof, my metabolism came to a screeching halt and I gained a ton of weight that I’m still working very hard to shed in my early 30s.” Martin’s experience isn’t unique. According to a study by Oxford Economics for the U.S. Travel Association, U.S. employees lost 169 million days off in 2013 …

CONTINUE READING