Allison Lee is the new SEC Commissioner

Allison Herren Lee was sworn into office on July 8 as an SEC Commissioner. Ms. Lee was nominated to the SEC by President Donald J. Trump and unanimously confirmed by the U.S. Senate.

“Allison’s expertise in securities law, including from her prior tenure at the Commission, will be invaluable to our efforts to advance the interests of investors and our markets,” said Chairman Jay Clayton. “Many of Allison’s former – and as of Monday, current – colleagues have expressed to me their support for Allison’s return. On behalf of all of my colleagues, Commissioners and staff alike, I am pleased to welcome her back.”

“I’m honored to return to the SEC and to work with the dedicated public servants on the staff, and my fellow Commissioners, to carry out the SEC’s critical mission,” Commissioner Lee said. Continue reading

EZ Taxez – Accounting & Income Tax Services USA

As a Licensed IRS Enrolled Agent, professional tax practitioner, and an entrepreneur with a cost & management accounting background, I have provided valuable business consulting to entrepreneurs from all over the world.

I have been privileged to help many individuals with incorporations in the United States as well as assisted them in starting successful businesses. Moreover, my clients come from different countries such as Morocco, Germany, Israel, Pakistan, India, New Zealand, Greece, Ukraine, Trinidad & Tobago, UAE, South Korea, and China.

My license authorizes me to incorporate LLCs / C-Corps / S-Corps (for SSN holders) in all 50 states. To-date, I have incorporated over 76 corporations. I can also handle all IRS related tax & Audit matters. Continue reading

SEC Uses Data Analysis to Detect Cherry-Picking Fraud By Broker

The Securities and Exchange Commission (SEC) today charged a New Jersey based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged fraud with data analysis used to detect suspicious trading patterns.

The SEC filed fraud charges in federal district court against Michael A. Bressman of Montville, New Jersey, alleging that he misused his access to an omnibus or “allocation” account to obtain at least $700,000 in illicit trading profits over a six-year period ending in February. The SEC’s complaint alleges that Bressman placed trades using the allocation account and cherry-picked profitable trades, which he then transferred to his own account and the account of two family members, while placing unprofitable trades in other customers’ accounts. Continue reading