The SEC’s Division of Corporate Finance issued a statement expressing its view that stablecoins, as described in the release, are not subject to the federal securities laws. The statement provides a road... Read more »
FINRA proposed a rule change to exempt certain BDCs from FINRA Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and from FINRA Rule 5131 (New Issue Allocations... Read more »
Executive Summary Tax-exempt hospital’s compliance with the community benefit standard, as well as the Internal Revenue Code Section 501(r) and its related Regulations, will be the subject of Internal Revenue Service focus... Read more »
On January 26, 2024, Puerto Rico enacted Law 27-2024, which exempts certain remote workers and their employers from complying with Puerto Rico’s employment laws. Quick Hits Domiciled employees who are exempt from... Read more »
The Center for Investigative Reporting’s (CIR) lawsuit against the U.S. Department of Labor, Office of Federal Contract Compliance Program (OFCCP) over EEO-1 report access has ended — at least for now —... Read more »
Quick Hits Alabama has enacted a law to make overtime compensation exempt from the state income tax. The new law will only apply to income for work performed on or after January... Read more »