The Securities and Exchange Commission (SEC) has adopted amendments to enhance transparency in the municipal securities market. The adopted amendments to Rule 15c2-12 of the Securities Exchange Act will focus on material financial obligations that could impact an issuer’s liquidity, overall creditworthiness, or an existing security holder’s rights.

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Regardless of the number of employees, all employers in New York State are now required to adhere to requirements of a new law aimed at curtailing sexual harassment in the workplace. Effective October 9, 2018, all employers in New York State are required:

  1. To distribute an anti-harassment policy to all employees; and
  2. To conduct annual anti-harassment training to all employees. 

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The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when a taxpayer receives or expects to receive a corresponding state or local tax credit. The proposed regulations are designed to clarify the relationship between state and local tax credits and the federal tax rules for charitable contribution deductions. The proposed regulations are available in the Federal RegisterClick header for more details.