You missed the warning signs and got suckered into a Ponzi scheme. The IRS offered some tax relief for long-term Ponzi scheme investors (like some of the Madoff victims) who have paid taxes on gains from the investment. The IRS clarified the federal tax law governing the treatment of losses in Ponzi schemes. They also … Read more »
Tag: Connecticut
Connecticut Hedge Fund Regulation
The folks over at the Hedge Fund Compliance Blog point out that the Connecticut legislature has three bills pending that would regulate the hedge fund industry in that state. It seems strange that a state with such a big hedge fund industry would make their businesses more difficult. But these are strange economic times. It … Read more »
Connecticut’s Pay-to-Play Law
Connecticut’s law imposes a contribution and solicitation ban on state contractors, prospective state contractors, and their principals. A few, but not all, of the principals now covered under the law are as follows: Members of the company’s Board of Directors; Individuals owning 5% or more of the company’s stock; Individuals at the company living or … Read more »
Six States Now Require Social Security Number Protection Policies
Miriam Wugmeister, Nathan D. Taylor of Morrison & Foerester wrote the December Privacy and Data Security Update: Six States Now Require Social Security Number Protection Policies. Connecticut – Ct. H.B. 5658. Massachusetts – 201 Mass. Code Regs. §§ 17.01 – 17.04. Michigan – Mich. Comp. Laws § 445.84. New Mexico – N.M. Stat. §§ 57-12B-2 … Read more »