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The regulator also faulted Merrill’s supervisory policies and procedures.

The regulator is going back to some of the firms that voluntarily settled, requesting information on revenue sharing.

The case could bring unwelcome scrutiny of Wall Street's compensation and employment practices.

Melany B. Atkins, MD, is a diagnostic radiologist with the Fairfax (Va.) Radiological Consultants.

More than 650 advisors considering a career change visited the firm's headquarters during its last fiscal year.

Jamie Overberg, a partner at TaxOps Minimization, has been executing and managing all aspects of R&D credits for over 20 years at companies. She links nexus to qualified expenses by business component or project accounting. She can be reached at joverberg@taxops.com.

The drop in wealth was equivalent to the GDP of Italy.

Larry Sher is a partner in the New York office of October Three. He has been a pension actuary for over 35 years, specializing in cash balance and other innovative retirement plans. Larry is a highly sought after expert and advisor and, in August 2014, was appointed to the New Jersey Pension and Health Benefits Commission by Governor Chris Christie. Larry is a Fellow of the Society of Actuaries (FSA), a Fellow of the Conference of Consulting Actuaries (FCA), a Member of the American Academy of Actuaries (MAAA) and an Enrolled Actuary (EA). He has been a Board Member and Vice-Chair of the Actuarial Standards Board, the group that establishes actuarial standards of practice for all US actuaries. Larry has also been on the Boards of the American Academy of Actuaries and the Conference of Consulting Actuaries, and was recently President of the Conference.

The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.

The Treasury and IRS are lowering the withholding underpayment threshold to 80%.