FINRA Issues Guidance on Disclosure Requirements Related to Loan Forgiveness under the Payment Protection Program (“PPP”)
Apr 14, 2020

FINRA Issues Guidance on Disclosure Requirements Related to Loan Forgiveness under the Payment Protection Program (“PPP”)

By Michael Schwartzberg

FINRA announced yesterday that it will not require the disclosure of loans forgiven under the Paycheck Protection Program (“PPP”) in response to Form U4 Question 14K, as long as the forgiveness is consistent with the loan’s original terms. FINRA requires registered persons to affirmatively disclose on their U-4 a “compromise” of a debt to a […] More

COVID-19 Update:  Pennsylvania Businesses Challenging the Stay at Home Order
Apr 8, 2020

COVID-19 Update: Pennsylvania Businesses Challenging the Stay at Home Order

By Denis Dice

On March 23, 2020, the Governor of Pennsylvania issued the first Stay at Home Order which applied to seven counties in the Commonwealth and was to remain in place until April 6, 2020.  This Order requires residents to remain at home unless engaged in certain activities, such as essential travel, and permitted certain outdoor activities, […] More

New York State’s Virtual Courts to Begin Handling Some Non-Essential Business
Apr 7, 2020

New York State’s Virtual Courts to Begin Handling Some Non-Essential Business

By Harris B. Katz

Today, Chief Administrative Judge Lawrence K. Marks issued a memorandum to all trial court justices and judges in the State of New York indicating that starting next Monday, April 13, 2020, the New York State court system will take preliminary steps to open up remote access to the courts via Skype or telephone for non-essential […] More

Apr 6, 2020

Small Business Administration Begins Accepting Applications for Emergency Relief Loans

On April 3, 2020, the Small Business Administration (“SBA”) began accepting applications for Paycheck Protection Program (“PPP”) loans for small businesses and sole proprietorships authorized by the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. Independent contractors and self-employed individuals can apply beginning April 10, 2020. The PPP authorized up to $349 million in forgivable […] More

Securities Industry Update – Florida Office of Financial Regulation Order
Mar 27, 2020

Securities Industry Update – Florida Office of Financial Regulation Order

By Benjamin J. Biard

On March 26, 2020, the Florida Office of Financial Regulation issued an Omnibus Order that provides regulatory relief to industries regulated by the Florida Office of Financial Regulation due to COVID-19.  For the securities industry, the Order provides a 45-day extension for the Form ADV annual updating amendment for investment advisers. The Order further grants a […] More

Winget, Spadafora & Schwartzberg, LLP – Your COVID-19 Workplace Resource
Mar 16, 2020

Winget, Spadafora & Schwartzberg, LLP – Your COVID-19 Workplace Resource

By Robyn Silvermintz

Ask us what to know now and how to prepare for the Workplace in the COVID-19 Era COVID-19 will have lasting effects on the workplace as #wfh becomes the new normal.  The House passed sweeping legislation to provide assistance to the most vulnerable employees and the Senate is expected to act swiftly this week on […] More