Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. "Off-channel" communication enforcement efforts are…
Employment Law
A North Texas company made a very expensive mistake. It misclassified workers as contractors and didn't pay them for overtime put in. The Department of Labor's (DOL) wage & hour division determined that 430 heating, ventilation and air-conditioning (HVAC) technicians…
The U.S. Supreme Court (SCOTUS) handed down enough precedent-breaking decisions this spring to make anyone's head spin. The upshot: Businesses can expect to see fewer costly rules from federal regulators over the next 10 years. ResourcefulFinancePro covered nearly all of…
The Financial Accounting Standards Board (FASB) is calling on publicly traded companies to report employee compensation. And that's not all. As we reported a few months back, FASB also wants public firms to report manufacturing and inventory expenses on their…
The Department of Labor's independent contractor (IC) rule that went into effect on March 11 is forcing many businesses to triple-check they're in full compliance. The rule helps to clarify gray areas in IC/employee determinations. Employers must follow a six-factor…
A federal ban on employee non-compete agreements may not go into effect in September after all. Two lawsuits scheduled to be decided in late July and the end of August may put the kibosh on the Federal Trade Commission's (FTC)…
Full disclosure: We never know for certain which topics will grab the attention of CFOs, controllers and other finance professionals. Often times we know, like when withholding tables for the following year are announced. But sometimes, we're surprised by how…
Private and public employers will want to reconsider imposing a vaccine mandate the next time a public health crisis occurs. A federal court just ruled against the constitutionality of COVID-19 vaccine mandates -- and the ruling is liable to reach…
Back in 2013, the Securities & Exchange Commission (SEC) accused hedge fund manager George Jarkesy of defrauding two investors. Unlike most folks charged with securities fraud, Jarkesy refused to settle and be done with it. Fast forward 11 years: The…
The higher overtime salary threshold that kicks in on July 1 will affect a million-plus salaried exempt employees. And it's good news for many folks -- inflation is taking a bigger bite out of everyone's paycheck and companies are scaling…
A federal ban on nearly all employee non-compete agreements (NCAs) was approved by the Federal Trade Commission (FTC) on April 23. The rule is on schedule to go into effect at the end of August. The ban on NCAs has…
Talk about a swift kick in the you-know-where! President Biden stopped at a Sheetz convenience store on a recent campaign stop. Biden ordered a cup of coffee and chatted up employees and customers. Later that very same day, Biden's Equal…
