Closed Stores=Big Bonuses

Closed Stores=Big Bonuses

#bonuses #bankruptcy #C19Coronavirus $JCPNQ $HTZ $WLL 14 of the 40 large companies seeking US bankruptcy protection during the C-19 coronavirus chaos awarded bonuses to executives within a month of filing their case. Under a Y 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms […]

US Securities Regulator Admits Filings System ‘Hacked’

US Securities Regulator Admits Filings System ‘Hacked’

US Securities Regulator Admits Filings System ‘Hacked’ The US Securities and Exchange Commission (SEC) says a cyber breach, aka Hack, of a filing system it uses may have provided the basis for some illegal trading in Y 2016. In a statement posted Wednesday evening on the SEC’s website, the new SEC Chairman Jay Clayton says […]

American’s With Foreign Accounts, Listen Up

American’s With Foreign Accounts, Listen Up

American’s With Foreign Accounts, Listen Up If the total balance of your foreign financial accounts exceeds $10,000 at any time during a calendar year, then you must file an “FBAR” (FinCEN Form 114, Annual Report of Foreign Bank and Financial Accounts) with the US government for that year. An FBAR for a given year is […]