[embedded content] Subscribe to The Compound on YouTube Josh here – this week I talked with Jannick Malling, co-founder and CEO of Public, one of the leading trading and investing apps, about the principled stand they took to protect their customers. Sometimes the regulators don’t catch on to potential risks for investors as quickly as […]
Archives for June 2020
UBS rich clients get Goldman, Pimco strategies with no extra fee
UBS is giving wealthy clients the option to invest in equities and fixed-income strategies run by outside managers without charging additional fees. Rich customers can have access to firms including Goldman Sachs’ asset-management unit, Pacific Investment Management and Invesco, UBS said Tuesday in a statement. So-called separately managed accounts drove $9 billion of flows into […]
PPP recipients can apply early for loan forgiveness, SBA says
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money. In a 34-page interim final rule (IFR) issued in consultation with Treasury, the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP, which […]
Rollover relief for required minimum distributions
In Notice 2020-51, the IRS provides relief for taxpayers who had already taken required minimum distributions (RMDs) in 2020 before the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, suspended the RMD requirement for 2020 in response to the coronavirus pandemic and its effect on taxpayers and the stock market. Taxpayers who already […]
All You Need to Know About Price Gouging Laws by State
One thing you never want to do is take advantage of your customers, especially during national emergencies. But sometimes, you may need to increase your prices to keep up with demand or inflation. Where do you draw the line between a standard price increase and price gouging? Not only can price gouging result in penalties, […]
COVID-19 and the Millennial Entrepreneur: Recovery and Building for the Second Wave
Over the last few years, millennials have become a major growth engine for Canada’s small business economy. While this demographic has often been characterized as lazy and entitled, our team conducted research that found millennials have started two in five new small businesses in Canada over the last two years. The research also reveals millennials […]
Wealth Matters acquires Herts IFA’s clients
CISI Accredited Financial Planning firm Wealth Matters has acquired the clients of Hertfordshire IFA Poptani Financial Solutions. The deal, for an undisclosed sum, is Wealth Matters’ fifth acquisition. Wealth Matters, which has offices in Luton, Harpenden and London, said the deal was under way when the Coronavirus pandemic struck but both firms were keen to […]
ETtech Top 5: Trump’s H-1B visa suspension, weak ride-hailing demand & more
US President Donald Trump’s work permit suspension could potentially reshape the global tech and startup industry, and likely see the decline of America’s influence on the digital economy. The growing acceptance for remote working due to the Covid-19 pandemic could accelerate this trend. In the digital economy, you hire where the talent is. When you […]
Accounting professor captures ‘in-person synergy’ in transition to online learning – St. Mary’s University
A: I stay connected with God through prayer, bond with friends and family, and focus on my health and wellness. For example, I meditate, run, exercise, eat restorative foods and manage my workload to ensure excellence in all areas. Overall, I embrace the many blessings that God has bestowed upon me and I actively look for […]
“The German Enron”
Almost anytime you hear someone say that such and such is like “Madoff” or “Enron” it’s usually hyperbole, but maybe not this time… They arrested the recently resigned CEO of Wirecard in Germany this morning. Hedge funds have been shorting the stock and pointing out accounting irregularities with the company for years and years while […]