Whistleblowers Are Protected

Since businesses began, there have been questionable practices. There has been malpractice and misconduct. Since these practices popped up, there have been those who looked to right the wrongs – the whistleblowers. Employers have sought to strike whistleblowers down or keep them from reporting questionable practices.

That was the usual routine until 2010. In 2010, the largest overhaul of financial oversight and Wall Street came into play. The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. The Securities and Exchange Commission (or SEC) has much more power to investigate inquires and enforce penalties.

This act contained many protections that whistleblowers needed. One of these many protections is the idea that employers can’t take retribution for having a questionable practice investigated. Whistleblowers can now be represented by attorneys and call in practices they wish to report anonymously.

In addition, whistleblowers can earn money by reporting questionable practices. If an investigation results in a fine of $1 million or more, a whistleblower can earn between 10 and 30 percent of that fine. If that threshold is met, and other monetary actions are taken, whistleblowers can earn a percentage of those fines as well.

One law firm has taken many steps to make sure the Dodd-Frank Act is enforced – Labaton Sucharow. They began a whistleblower advocacy team, led by Jordan A. Thomas. Thomas worked at the SEC as the Assistant Director and Assistant Chief Litigation Counsel for the Division of Enforcement.

As part of this team, whistleblowers are able to enjoy all the protections of the Dodd-Frank Act. They also get to enjoy other options that allow whistleblowers to do their job. There are translators for whistleblowers working abroad that don’t speak English. There are three different ways the team can be contacted – through email, by the phone, or by electronic submissions through the Whistleblower Advocate program website. All whistleblowers are given privacy, and protected by the attorney-client privilege. In addition, the initial consultation is free for all whistleblowers.

This new act is already making whistleblowing more attractive to those who were unsure of whether to report practices. A whistleblower, who will remain anonymous to protect their privacy, has received $17 million as their fraction of the initial fine. This is the second largest reward that whistleblowers have received.

An Adequate Response To A Terrible Situation

Working in the financial community brings with it a sense of belonging to a community, and a community that, unless you no longer want to work in the industry, you need to make peace with avoiding treasonous behavior. To this point, no matter how much money the SEC is waiving at people, encouraging them to rat out their fellow employees for perceived infractions, this is quite the opposite of what anyone with a serious career in the financial industry will do.

The SEC has implemented a “Whistleblower” program designed to encourage “anonymous” reporting of crimes and misdemeanors by those working in the industry. This was precipitated by many financial scandals in the first decade of this century, punctuated by the absolutely deleterious mortgage crisis that claimed investment banks, and homes, in its bevy of victims. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was a direct response to the mortgage crisis. Our government had to respond in some way, but encouraging people to report perceived infractions is tantamount to a poisoned financial industry in which there will be an implicit lack of trust among fellow employees.

Apparently there was a study conducted by Labaton Sucharow, and the findings revealed nearly 80% of Americans would be willing to report wrongdoings in the workplace. I don’t think this will ever apply to Wall Street, as there is an entirely different culture there, yet the dangling of financial rewards has, in fact, encouraged some to file Whistleblower reports from their positions in the financial industry. Apparently these people believe in the power of the government to save their reputations, jobs, and otherwise protect them under the aegis of this program.

It is very difficult to establish after one has essentially betrayed the industry in which they work, because their lack of training in litigious aspects of the inner-workings of Wall Street led them to believe that they thought saw something going wrong, that these whistleblowers are not going to be departing from the industry in short order. All the protections in the hemisphere are not going to keep someone who has not been trained in every aspect of the Wall Street community, and who were also not trained by the SEC as to what red flags to look for, that are going to help these people keep their jobs. This is the general idea of the Whistleblower program, however. Learn about the SEC Whistleblower lawyers

This was an adequate, carefully-orchestrated, response to a terrible situation, by our government, and the efficacy of such carrot-dangling programs is yet to be seen.

The Benefit of Using Wealth Solutions for Advice

Richard Blair is a well respected individual within the investment and business industry as he has helped individuals from all over the world find the best wealth solutions. Mr. Blair has always had a passion for education as his family has always been involved with educating others. This passion for education was combined with his passion for finance to now offer individuals the best possible financial planning services that guarantee the best possible rate of return with little liability risk. 1993 was the year that Mr. Blair officially entered the financial industry and was able to find his own firm that is known as Wealth Solutions.

Wealth Solutions is an independent firm that was founded in 1994 by Richard Blair. The objective to creating this company was specifically to provide objective as well as unbiased financial advice to clients around the world without bringing in any conflict of interest whatsoever. The goal of Richard Blair is to provide the best results possible to any client of his. Mr. Blair has been building his expertise over the past 20 years and has become an individual who is specifically passionate about retirement planning and living a comfortable life through successful investments made with Wealth Solutions. Wealth Solutions has gained the trust of many clients by helping them avoid common pitfalls and to help the client pursue a vision of a successful retirement.

Wealth Solutions recognize that each and every individual has a unique retirement as well as investment plan. Each individual wants to invest in different industries with different amounts of funds. In addition to providing a diverse investment portfolio, Wealth Solutions only gives advice and lets the client take the advice in order to make their own decision. Richard Blair believes that the company is just there for help and not there to control and client’s investment money.

Wealth Solutions is a trustworthy and family oriented company that wants the trust of each and every client. Richard Blair believes that the investment firm consists of partnerships of investment and involves only people that can be trusted. Richard Blair and his employees maintain a high degree of qualifications among those who work at this consultant firm. In order to help his clients stay on the right path to the best investment possible, Richard Blair and his team show the latest numbers a statistics that can create an unbiased an objective investment portfolio based upon allotted funds.

Learn more:

https://www.wealthminder.com/financial-advisors/TX/bee-cave/richard-blair/326407

http://www.wealthsolutionsria.com/team

Anthony Marsala Is A 2016 M&A Advisor Award Winner

Antony Marsala is riding a huge wave of success in the financial industry. Marsala is the co-founder of the Chicago-based investment firm Madison Street Capital. Madison Street Capital is focused on helping small companies get bigger either by mergers and acquisitions or by helping them with strategic planning asset management, and other internal services. Marsala is considered one of the best when it comes to planning and implementing mergers. M&A Advisor recently gave Tony the 2016 Emerging Leader Award for his work in the financial industry. Marsala will be in New York in June to receive that award, according to an article published by the Chicago Tribune.

The other co-founder of Madison Street Capital, Charles Botchway is also an award-winning financial expert. Botchway recently told PR.com that the reality of the hedge fund industry is performance has been disappointing industry-wide, but Madison Street Capital’s hedge fund division is doing better than the industry. Investors are leaving hedge funds, and they are looking for other investment vehicles, according to Botchway. Madison Street Capital has been getting a lot of request from high profile investors lately because of the performance of the company’s fund.

One of the main issues with hedge funds is the fees. Investors are balking at a 2 percent management fee on top of a 20 percent of the profits commission. Botchway said the news only reports the hedge fund success stories and the incredible failures. The other hedge fund transactions get lost like the transactions that Madison Street Capital executes. But Botchway isn’t complaining about the lack of press. He prefers a low profile. In fact, Marsala believes high-profile investors like Soros, Griffin, Bass and others make themselves targets for unnecessary scrutiny. Most hedge fund investors and merger and acquisition specialist like to work under the public’s radar for several reasons. The world of hedge fund investing and mergers and acquisitions are misunderstood by the public. Not all hedge fund investors take advantage of the system, according to Botchway and Marsala.
br>
The Madison Street Capital mission is to make small companies bigger and more efficient and medium size companies more profitable. Hedge fund investing is just one page in the Madison Street Capital’s playbook. Madison Street assists clients from the beginning stages to the end stages of a merger. The Madison Street Capital team helps companies that are buying other companies, and the team helps companies that are selling. Marsala and the team provide valuation services, solvency opinions and an analysis of the industry where the merger or the acquisition takes place.

Tony Marsala is being honored for his work, but the entire Madison Street Capital team deserves an award for their record-breaking performance.

Learn more:

Brian Bonar: An Award-Winning Man

They often say that life isn’t about capturing awards. However, there are certain awards that mean something. They aren’t simply on your shelf for the sake of being on your shelf. They have special value and they stand out from the rest of the trophies and awards.

That is certainly the case with Brian Bonar and his award for Cambridge Who’s Who® Registry. Only two men and two women receive it, so you have to have done something special to achieve it and obtain it. Brian Bonar certainly has done that with his career in order to achieve the award. As far as what they are looking for when it comes to this award, they are looking for: professional accomplishments, academic achievements and leadership abilities.

Let’s talk about professional accomplishments, first of all. When it comes to those, Brian has almost thirty-years of professional management experience in the financial sector. As they say, you can’t buy experience. Either you have it or you don’t.

When you have it, it is truly something special. It means you are able and willing to be able to handle anything that life throws your way and nothing is too challenging or overwhelming. He was a tremendous manager and knew how to get the best out of his employees and make them feel like they were special, unique, and one-of-a-kind. He had that personal touch. Learn more about Brian Bonar: https://about.me/brianbonar and http://www.whitepages.com/name/Brian-Bonar
When it comes to being a leader, the same can be said for Brian Bonar. He knew how to be a leader and how to get the most out of his staff. He never pushed them too hard, as he knew that was a management style that would backfire. It would cause employees to resent him, not look forward to going to work, and put on them on pins and needles.

He knew everyone’s strengths and weaknesses and knew what some could handle and others could not. Because of this, he treated them a special way depending on the person he was talking to and interacting with.

As far as education, Brian Bonar has a Ph.D. and, to me, this shows that he is a man that cares about education and cares about going the extra mile with his education. As they say, knowledge is power, and the more you know, the better off you will be in the long run, without question. You can never learn too much or have too much knowledge at your disposal.

All of these traits and qualities, awards, schooling, and leadership have helped Brian land this award. It is a testament to him and all that he stands for as an individual and a human being. I have a feeling this won’t be the last time he wins this award.

Click the following links to read more:

All About Brian Bonar, Leader and Executive
Brian Bonar Receives Professional Networking Community’s Highest Honor

 

George Gascon Faces Ethics Fine After Fundraiser

George Gascon, the District Attorney of San Francisco, seems to be going out of his way lately to damage his public image. What else could we all conclude after hearing news of the embarrassing ethics charges made against Glascon and two members of his staff after their actions at a campaign fund raiser came to light?

The charges against Gascon and two staff members were brought by the city Ethics Commission, and they total in the thousands. Gascon was ordered to pay a fine of $4,000 and Assistant District Attorney Michael Swart and chief of staff Cristine Soto DeBerry are both ordered to pay $1,400 each.

The fines stem from the actions of Gascon and his staff members at a campaign fund raising event in which they illegally solicited donations. The people at the event were city employees, which means there was a serious conflict of interest if Gascon was asking employees to contribute to a political campaign.

The fines were ordered by Ethics Commission Chairman Paul Renne. Renee reported that all three charged with the ethics violations said they were unaware that they were in violation of the rules. This comes off as an odd answer, as Gascon has attended ethics workshops and should know that he was completely out of line in soliciting funds in the way that he did. He should not have brought his staff members in on the scheme, either.

Ultimately, it looks like this whole situation is incredibly awkward at best, and now Gascon and his staff not only must pay up, but also face even more scrutiny of their unorthodox way of managing their office.

 

Read more about George Gascon:

http://www.sfchronicle.com/bayarea/article/D-A-Gasc-n-s-divide-with-law-enforcement-6880747.php

http://www.sfgate.com/bayarea/article/Ex-police-union-leader-s-explosive-charge-6864230.php

https://www.youtube.com/watch?v=-7YMtRac89k

Shared Office Space – Pragmatic, Fun and Inspiring

 

For a long time, co-working spaces were the venue of small companies, especially start-ups, but that is quickly changing. As more companies are working to establish themselves outside of office parks in centralized downtown locations, co-office situations are a pragmatic solutions sought by larger companies, including those in the Fortune 500.

Coworking spaces just make financial sense. WorkVille, a coworking space based in New York City offers a central location, high speed internet, mail service, 24 hour a day access to the facility coffee service, private phone lines, custodial services and printers, all located in a beautiful, classy building that includes terraces. So, for one monthly fee, companies have a beautiful facility, telecom, printing and cleaning services all taken care of. The coffee and other perks keep employees well cared for. Visit the Workville NYC website — http://workvillenyc.com/

Another perk is that other companies are right there in the same office. This allows companies to network with one another to create leads on new business or refine old business methods to keep them modern and creative.

Coworking is becoming big business as well. By providing affordable shared office spaces at reasonable rates and with sought after services, providing coworking spaces can be dependably lucrative with just a bit of forethought. For those starting a business on their own, there are things to consider.

First, consider the location that you’d like to set up in. While someone with mobile technology can work from just about anywhere these days, they often prefer to work near where they need to be to support their clients. A central location that allows easy access to mass transit or parking and is near larger companies that entrepreneurs often work with is a necessity.

Next, look at creating a quality space that people will want to work in. That’s something that WorkVille does well by making sure the facility is clean, has all of the necessities needed by any office, and appears impressive to the tenants’ visitors when they come in for meetings. Clients are looking for a work environment that creates a sense of community and helps their business grow.

If you’re looking to invest and don’t want to go it alone though. A real estate investment trust or REIT may be the way to go. REITs are real estate portfolios that allow diverse investments including shopping malls, hotels and coworking properties. If you’re interested in investing, speak with a certified financial planner.

 

SOURCE: How to invest in coworking spaces

Luciana Lossio Named To Head Of Electoral Court

Luciana Lossio has been named to head the electoral court of Brazil, and she wants to help the people of Brazil know that they are getting fair elections. The people deserve to have people elected who were fairly elected, and they will be given that chance when they have this new lawyer at the top of the court system. Luciana Lossio is a lawyer who has worked with the court for a long time, and she is the kind of person who will make fair judgments.

She has worked on both sides of the aisle to make sure that people had their cases heard, and the cases have been handled fairly in every case. Brazil is trying to make sure that they are as progressive as they can be, and they believe that they can have a much better court system with women in charge. Luciana Lossio is just the first person to come to power in the courts, but the country is turning to a lot of women who are helping make the country more progressive.

There are some people who want to bring their cases to the court to be heard even though they are for lower offices, and that is why the court is there. Luciana Lossio wants to hear every case to make sure that people can get the right officials in office, and she wants to show everyone how the process should be done. Her goal is to make all elections fair, and she will personally monitor them from her bench. She is a young lawyer who will be able to run the court for a long time as the sole person who can help the country have fair elections.

Brazil deserves to have the right people in power, and it is important that all these people are given their day in court. The hearings that are run by Luciana Lossio will help to settle the country, and the country will have the right officials in office. Brazil will become the perfect place for fair elections, and every case will be handled fairly under her watchful eyes.

http://www.oabdf.org.br/noticias/oab-na-midia-noticias-2/r7-luciana-lossio-toma-posse-como-ministra-do-tse-nesta-terca-feira/

http://www.tre-ma.jus.br/imprensa/noticias-tre-ma/2016/Marco/palestra-da-ministra-luciana-lossio-encerra-seminario-que-tratou-perspectivas-da-reforma-eleitoral

http://exame.abril.com.br/negocios/dino/noticias/posse-da-advogada-luciana-lossio-registra-maioria-feminina-no-tse.shtml

What Does Igor Cornelsen Say About Brazilian Housing Market?

The United States, United Kingdom, Spanish and Irish housing markets are still suffering from the 2008 sub-prime mortgage crisis. Investors might want a new look for their real estate investment trusts (REITs) and Igor Cornelsen makes the case for Brazil. What happened in Brazil housing during 2008?

“Did Brazil Housing Suffer in 2008?”

While the nation of Brazil has continued to industrialize, its housing market is still quite underdeveloped. Igor Cornelsen discussed how the Brazil banking sector influenced the nation during his April 2016 CNBC interview on investment opportunities. The top bank for real estate loans in the country is Caixa Economica Federal (CEF), representing 70% of the market.

In some ways, Brasil was fortunate to be underdeveloped in its housing sector, because it largely avoided the 2008 sub-prime mortgage crisis. The primary center of this disaster was the United States with a ripple effect in the United Kingdom due to similar lending practices. In Brazil, the banks suffered when the international credit markets started to dry up according to Igor Cornelsen.

“Higher Interest Rates & More Risk in Brazil Banking”

On April 28, 2015, the Wall Street Journal reported Caixa Economica Federal’s decision to require a 50% downpayment on homes (it had previously covered the standard 80% LTV rate). Brazil might be seeing its slow-down in housing in 2016 as demand for homes and apartments continues to drop. Total home sales dropped 35% in São Paulo between 2013 and 2014. One of the biggest home builders – PDG Realty – had a loss of -$181 million in 2014.

Brazil remains a good country for diversification of your wealth portfolio, according to Igor Cornelsen. The nation has a different business cycle then the Anglo bloc, which can help investors better manage their risk.



Visit these sites at:
https://pt-br.facebook.com/igor.cornelsen
http://www.lulu.com/spotlight/igorcornelsen