Guerra & Partners is proud to be a sponsor of the Greater Tampa Chamber of Commerce’s 9th annual Sporting Clays Tournament to be held on December 4, 2015, at Tampa Bay Sporting Clays in Land O’Lakes, Florida. The tournament will feature teams of four competing across ten different shooting stations followed by lunch, awards, and raffle prizes. The prizes include four tickets to a Tampa Bay Lightning game in Guerra & Partners’ luxury suite at Amalie Arena, multiple hotel stays, gift cards and baskets of all kinds, and even airline tickets to Panama. There is still time to sign up a team of four. Proceeds from the tournament and raffle (tax deductible to participants) will benefit the Chamber’s foundation, which supports its leadership and educational programs.
On September 24, 2015, the Securities and Exchange Commission announced that it had voted to propose amendments to the rules governing administrative proceedings. The announcement comes in the wake of rising opposition by the targets of such proceedings and increased criticism from industry participants who argue that the current system is fundamentally unfair. As evidence, critics have cited the SEC’s increased use of such proceedings since the Dodd-Frank Act and its near 100% “win” rate in such cases. SEC Chair Mary Jo White said that the proposed amendments “seek to modernize the rules of practice . . . .” While the proposal would amend a number of the SEC’s rules of practice, there are two significant changes that would theoretically level the playing field for respondents to some degree.
Last month, Deputy Attorney General Sally Q. Yates issued a memorandum entitled “Individual Accountability for Corporate Wrongdoing” (Yates Memo). The Yates Memo directs federal prosecutors across the nation to “hold to account the individuals responsible for illegal corporate conduct.” The memo details six steps that the DOJ will undertake in this renewed mission to prosecute individual corporate executives. The guidance includes the mandate that corporations must give the government “all relevant facts” pertaining to the individuals that were involved in the alleged corporate misconduct in order for the corporation to be eligible for “any cooperation credit.”
Guerra & Partners sponsored Bowling for Dreams for the fourth year in a row and again fielded two formidable bowling teams. The annual bowling tournament benefits the Children’s Dream Fund and is hosted by the First Team. Guerra & Partners associate Robert Jamieson is a member of the First Team. A great time was had by all who attended the event, but nobody had as good a night as members of the team who beat out more than 30 other teams to take home the gold for the second time in three years. However, the real winners are the deserving children who benefit from the services provided by the Children’s Dream Fund and the funds raised through Bowling for Dreams.
Several developments in the government’s ongoing investigation of U.S. persons with foreign bank accounts have taken place this month. First, another seven banks have signed non-prosecution agreements pursuant to the Department of Justice’s “Swiss Bank Program.” Second, indicative of the government’s desire to expand its inquiry beyond Switzerland, a federal court in Miami approved an IRS request to serve a so-called “John Doe summons” to seek records of Belize Bank International Limited and Belize Bank Limited’s correspondence accounts at Bank of America, N.A. and Citibank, N.A.
Robert Jamieson presented a webinar to Financial Services Institute members on September 3rd titled “Spotlight on Variable Annuity L Shares.” In its 2015 Examination Priorities Letter, FINRA informed its members that it will focus on sales practices related to the recommendation of variable annuity L shares.
The Financial Crimes Enforcement Network (“FinCEN”), recently proposed rules that would require certain investment advisers to establish anti-money laundering (“AML”) programs. FinCEN is a bureau of the U.S. Department of the Treasury charged with monitoring the financial system for illegal activity, money laundering, and national security threats.
On Thursday, September 3, 2015, Rob Jamieson will be presenting the FSI Webinar: Spotlight on Variable Annuity L Shares.
WASHINGTON, D.C. – August 19, 2015 – Best Lawyers announced the 2016 Best Lawyers in America list. Guerra & Partners is pleased to announce that one of the firm’s attorneys were named to the 2016 Best Lawyers list.
Tampa, FL – Guerra & Partners is pleased to announce that two of its lawyers have been selected for the exclusive list of 2015 Super Lawyers and Rising Stars. The attorneys named and their designated practice area include: