News

Three Agencies Seek Comment on Joint Supplemental Guidance on Income Tax Allocation Agreements

By EsqSocial Corporation 09/01/14

On December 19, Fed, FDIC and OCC issued a statement seeking comment on supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions....

SEC Amends Rule 5b-3 and Fund Registration Forms to Eliminate References to NRSRO Ratings

By EsqSocial Corporation 09/01/14

The U.S. Securities and Exchange Commission (SEC) recently adopted final amendments to certain rules and forms under the Investment Company Act of 1940 (1940 Act) and the Securities Act of 1933 (1933 Act) to implement a provision of the Dodd-Frank...

Get Your Form I-9 House In Order And Consider Using E-Verify in 2014

By EsqSocial Corporation 09/01/14

The U.S. Immigration and Customs Enforcement (ICE) has recently enhanced its worksite enforcement activities, under a directive from former Homeland Security Secretary Janet Napolitano to shift enforcement to employers to deter illegal employment. As...

Judge Finds Illinois Insurance Department's Policy Prohibiting Offshoring To Be Improper Rulemaking

By EsqSocial Corporation 09/01/14

On November 27, 2013, the Circuit Court of Cook County, Illinois issued an Order in a lawsuit filed by the American Council of Life Insurers, Inc. ("ACLI") v Andrew Boron, Director of the Illinois Department of Insurance and the Illinois Department...

SEC Issues Proposed Rule on Amendments to Regulation A

By EsqSocial Corporation 09/01/14

On December 18, the SEC proposed rule amendments to Regulation A implementing Section 401 of the JOBS Act directing the SEC to exempt annual offerings of up to $50 million from registration. The comment period will close 60 days after publication in...

Higher Wages Could Mean Lower Employee Theft, Study Says

By EsqSocial Corporation 09/01/14

The results of a study by Tatiana Sandino, an associate professor at Harvard Business School, and Clara Xiaoling Chen, assistant professor at the University of Illinois at Urbana-Champaign, suggest that employers may be able to reduce their...

FHFA Releases 2013 Performance and Accountability Report

By EsqSocial Corporation 09/01/14

On December 16, the FHFA released the 2013 Performance and Accountability Report (PAR), discussing the FHFA’s progress as regulator and conservator of Fannie Mae and Freddie Mac and regulator of the 12 Federal Home Loan Banks (FHLBs)....

New Jersey Federal Court Applies Supreme Court’s Clapper Decision and Dismisses Data Breach Class Action

By EsqSocial Corporation 09/01/14

Relying in part on the recent United States Supreme Court’s ruling in Clapper v. Amnesty International, a federal judge in New Jersey dismissed a putative data breach class action against three healthcare entities and a vendor retained by each the...

New Rules Allow Members of Oregon Nonprofit Corporations to Participate in Meetings Remotely

By EsqSocial Corporation 09/01/14

As of Jan. 1, 2014, members of Oregon nonprofit corporations may participate in membership meetings by remote communication, provided certain safeguards are in place. Directors of Oregon nonprofit corporations have long been permitted to participate...

FDA declines to define "Natural"

By EsqSocial Corporation 09/01/14

In a much anticipated letter response, FDA has officially declined the opportunity to administratively determine whether foods containing bioengineered ingredients may be labeled as “Natural,” “All Natural” or “100% Natural,” and more generally,...

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