According to the IRS, over two million tax returns were "potentially fraudulent last year." If true, this increase would mean a jump of fraudulent tax filings by over 70 percent since last year.
Two former senior executives at one of the nation's largest banks recently agreed to pay their former employer $20 million to settle the claims brought against them for allegedly violating their non-compete agreements.
New York's Internet industry continues to expand and offer an East Coast alternative to Silicon Valley. The city has become attractive enough to technology entrepreneurs that even a few West Coast-born start-ups are moving to the Big Apple. A New York Times report suggests the technology industry has transitioned from being simply a framework for computing to making consumer products and applications. Those who establish themselves in New York benefit from a proximity to the advertising, fashion and media industries.
Securities regulation is a complex area of law and with the introduction of more advanced technology almost every day, it is very difficult to prevent exposure to liability in the securities trading industry. These regulations can impact anyone from an individual broker to an entire financial institution.