#wedding planner Draper

[siempreweddings]

Selecting Your Ideal Mountain Wedding Venue: Key Tips and Considerations

Planning a mountain wedding venue can be enchanting, offering breathtaking views and a serene setting. To ensure your special day is everything you have dreamed of, consider these essential tips and factors when selecting your ideal mountain wedding venue. Visit us: https://goal-kick.com/selecting-your-ideal-mountain-wedding-venue-key-tips-and-considerations/

[tegi1153-blog]

Why You Need Full Service Wedding Planner

By Stephanie Cain, Brides Magazine (Stephanie Cain is a journalist and content strategist in the lifestyle space, who has 14 years of experience as a magazine editor, digital producer, content marketer, and public speaker.)

The Event Group International

Hiring a wedding planner is no easy task. There’s an overwhelming number of wedding planners and coordinators who pop up on Google and plenty of differences in their services. Some spout specialties, like destination wedding planning, while others list what’s included in wedding planning packages tiered by price. Many tout their experience, noting the number of weddings or variety of locations where they have hosted events. Because being a wedding planner isn’t a regulated industry like being a doctor or lawyer—there’s no degree or overseeing institution that accredits planners—the process is fraught with challenges.

The biggest issue that planners and couples face is that pricing isn’t regulated either. Cheaper isn’t necessarily better, and just because two pros say they offer full-service wedding planning doesn’t mean that they offer all the same services. For some planners, full-service means a few hours of planning help while for others, that number can reach 1,000-plus hours of work to pull off your big day. You can’t blanket compare the costs of two pros without understanding what exactly is included in their interpretation of “full-service.” To help you get a start, we dug into what full-service wedding planning really means by talking to some top wedding planners in the industry.

Full-service wedding planning includes help hiring vendors, from the venue to officiants to bridal stylists

Whether or not you have a venue or vendors in mind, a full-service wedding planner will help you book every professional you need for your dream day. They’ll likely point out vendors that you never even thought about, such as a glassware rental company or sari drapers to help your guests get ready for your Hindu ceremony. Even if you’ve already found your venue, your planner will be there to manage the conversations between you and that venue, negotiating rates for things like catering and confirming the timeline to ensure everything goes smoothly. That ncludes site inspections under the umbrella of hiring vendors, which means she’s on the ground checking out the space and noting any potential logistical issues before you make a final booking. “It’s a critical aspect of the planning process,”

It’s about more than the décor

Couples tend to mistake wedding decor for all that a planner does, but it’s really the unseen details that matter most. “Successful wedding planning is about more than just the pretty,” “It’s about the process and the work we do together.” Planners keep your event running on time, put out fires you didn’t even know started, manage small situations like adjusting the room temperature, and function as the mediator between you and, well, everyone. You should be enjoying your wedding day, not worried about the bartender running out of ice.

“Full service planning means anticipating your every need, but also educating you on the options that exist to create something that speaks to who you are,” she adds.

It goes beyond just the couple. Full-service wedding planning encompasses every guest’s experience

Of course your planner will be focused on you. But they’ll also ensure your guests will all have a memorable experience. They’ll brainstorm interactive moments to keep your guests entertained while you take photographs, manage the ease of RSVPs, and have your welcome bags delivered to every guest room at the hotel—any touch point that a guest has during your wedding planning process and celebration will be addressed. “It’s really thoughtful to all the details, large and small, for ‘every’ guest's experience"

Full-service planning goes beyond the wedding day

With the rise of wedding weekends, the popularity of destination affairs, and an abundance of pre-wedding festivities, full-service planners know they may be tapped to help create dream bridal showers and rehearsal dinners that rival the reception. Williams explained that he often has a conversation with couples about assisting with additional celebrations, including honeymoons, and builds that into the contract. “You need to be clear from the start exactly what events you are hiring for,” he says.

It requires the help of an entire team

One person can’t do it all when it comes to hosting a wedding, be it you, your mother, or your wedding planner. Truly full-service planners arrive onsite with an entire team. For Rago, that means having staff dedicated to specific areas of expertise, like food and beverage, service, decor, and transportation. Each serves as a point person during the planning process as well as day-of, knowing the nitty-gritty details of what’s been organized to avoid any snafus. That also means she’ll hire onsite producers to build decor or facilities for the celebration, noting that sometimes these staff are onsite for the two weeks leading up to the wedding to complete any installations.

Your planner will take care of contracts and budgeting so you don’t have to. Not into negotiating fine print? That’s where your full-service wedding planner will come in. “From the onset, we build the master budget and manage the payment schedule,” That includes educating couples about the process and what things cost, since it’s a huge learning curve for most to-be-weds. Plus, some couples may not know the budget at the beginning and that’s okay. “Budget discovery takes time,” “You have never thrown a party of this magnitude before.”

It often includes design and production in addition to planning

For many full-service planners, their services go beyond setting up the logistics of the day. They also serve as event designers and producers, like Rago, who can conceptualize the look and feel of your day then organize the means to build out the vision. Others focus solely on logistics, but partner with an event designer to produce the decor. “It’s important to understand the difference between the art of planning, the art of design, and ultimately, the art of production,”Be clear before hiring a planner where they fall on the spectrum to manage expectations and your budget.

It’s having an ally to battle wedding planning together

“This person will be a part of your most intimate moments and you want to feel an immediate trust,” “It’s a long journey with a lot of emotions along the way, and having someone talented and fun on your side is crucial.” Your planner will serve as your wedding guru during the planning process and can help mediate situations between families when it comes to decor choices and menu picks. That said, your planner is not a therapist nor is he or she available 24-7 to manage your (or your mother’s) anxiety. “Some couples think they are the only couple you’re working with,” and it is our job to make them feel like we are. That’s obviously not the case. Most industry pros are planning weddings for multiple couples at once. It’s important to understand where to draw the line. Express compassion if they don’t get back to you immediately or can’t resolve an intimate interpersonal familial conflict.

Full-service planners may still demand stand-alone charges for services

Just because it’s full-service, doesn’t mean that the planner can do everything for you. Some services require additional effort, such as travel planning, tracking guests’ flights, and building custom wedding websites. Be clear what your planner does and does not include under the term full-service. Be okay with additional fees for services that require many more hours of work, such as hiring a developer to code a website or enlisting travel agents to organize guests’ airline itineraries and tourist visas.

Full-service wedding planning includes getting the little things done, like arranging group photos, wake-up calls, and steaming clothes

Full-service means going above and beyond, answering any beck and call. Tanya is on-hand from the moment you sign the contract to the day your wedding photo album and final video are delivered, even if that’s weeks after the festivities. Shah has reserved poolside cabanas at 7 a.m., sent texts to wedding party members to ensure they wake up, and even steamed clothes. Ultimately if you opt for a Full Service Event Planning option, you will not need to worry about anything except for relax and show up for your day.

[luckylighthouse]

Lighting is something that always grabs our attention. A luminaire or light fixture is simply an electrical device used to contain a light or electric lamp in it. All luminaires are divided into two parts: the fixture body and the lamp. Light fixtures need to have an electrical connection or power source to illuminate. These lighting fixtures always help to add on a royal to any ceremonial occasion. Some fascinated people like to use chandeliers in their dining room. People mostly use rent chandeliers to give a finishing touch to the wedding ceremony.

Chandeliers are broadly called branched ornamental lightings. These lightings are specifically designed to illuminize mounting surfaces on ceilings and walls. It contains multiple lightings and is hanging on branched framing shapes. Chandeliers can be made of wood, glass, or other elements. It is invented during medieval times. During the phrase, people use candles as the source of light until the creation of electrical lights in the era of 18th century. If you are planning to decoration your wedding night with some tempting lights, then, don’t forget to use party chandeliers. They are the best to make a picture-perfect night of the wedding.

Hanging On A Fixture: Make a statement look using a heavy fixture. You can search for classic bronze wedding chandelier rentals near your location. Everything is up to your taste and priorities. If the bride and groom want to create a home-like feeling at their ceremony, they can try this trick.

Subtle Look: Create a subtle chandelier look by using white blossoms and fix them on the base of the metal. You need to hire professional planners for proper analysis of the decoration. Use this trick for decorating the wedding mandap and customize the idea with some white drapers in it.

Unique Rods:Use unique rods to make wedding chandeliers and hang floral garlands on them. Add some golden lights to have that royal look.

Dreamy Chandeliers: We all want to feel like a fairytale on our wedding day. Customize an ordinary chandelier using three-layered white and pink blossoms. You need to have expert hands for proper utilization. The crystal detailing of the chandelier looks so dreamy that you suddenly feel like heaven and refreshing.

Glass Chandeliers: If you are planning to have an outdoor wedding, then, this idea is for you. Decorate the trees and every corner of the outside areas with an illusion of waterfall chandeliers. Take some glass chandeliers and fix them on the tree corners. Don’t buy these chandeliers rather than look for chandelier rentals. There are some organizations where people can ask for wedding rental equipment. They would give this equipment for a specific period and charge according to it.

chandeliers also use for tent lighting. If you are going to add a tent theme for the wedding night, then, use tent chandelier rentals such as lots of lanterns, bee lights, and streamers for uplifting the outdoor effort into a grand style. The outdoor event is always challenging. But lighting is one of the key ingredients that work best just like magic. Hopefully, all these ideas are somewhere to help you to arrange your wedding night into grand style.

[clarencenicholsonata]

The Ultimate List of Marketing Quotes: 50+ Expert Advice to Learn From

This article gives you 50+ of the most inspirational marketing quotes from top digital marketing thought-leaders.

With so much on our plate building a brand and running a business can allow you to miss the most simple yet effective ways to solve and improve your marketing ROI.

We search the high and low places of the internet to search for the most inspirational marketing quotes to help change your perspective on your latest marketing conquest.

May their words of wisdom inspire your profits!

Want to put these inspirational lessons into action?

Wishpond's marketing campaign software can help. Click here to get started with a contest, landing page, popup or email marketing campaign today!

70 Inspirational Marketing Quotes

“Good content isn’t about good storytelling. It’s about telling a true story well.” - Ann Handley Click to Tweet This Quote

“Content is fire, social media is gasoline.” - Jay Baer Click to Tweet This Quote

“Content marketing is more than a buzzword. It is the hottest trend in marketing because it is the biggest gap between what buyers want and brands produce.” - Michael Brenner Click to Tweet This Quote

“Content is King but engagement is Queen, and the lady rules the house!” - Mari Smith Click to Tweet This Quote

”If we face the truth, we know that content marketing is about making money”- James Allen Click to Tweet This Quote

“Content Marketing is all the Marketing that’s left.” - Seth Godin Click to Tweet This Quote

“Banners have 99 problems and a click ain’t one.” - Scott Sorokin Click to Tweet This Quote

“We need to stop interrupting what people are interested in and be what people are interested in.” - Craig Davis Click to Tweet This Quote

“Make your customers the hero of your stories.” - Ann Handley Click to Tweet This Quote

“Content is the reason search began in the first place.” -Lee Odden Click to Tweet This Quote

“The buyer journey is nothing more than a series of questions that must be answered.” -Michael Brenner Click to Tweet This Quote

“Great content is the best sales tool in the world.” -Marcus Sheridan Click to Tweet This Quote

“Market like the year you are in.” -Gary Vaynerchuk Click to Tweet This Quote

“You need to create ridiculously good content – content that is useful, enjoyable and inspired.”- Ann Handley Click to Tweet This Quote

“Traditional marketing talks at people. Content marketing talks with them.” - Doug Kessler Click to Tweet This Quote

“Your brand is not what you sell.” -John Iwata, IBM Click to Tweet This Quote

“The best marketing doesn’t feel like marketing.” - Tom Fishburne Click to Tweet This Quote

“Brands need to take the phrase ‘acting like a publisher’ literally.” -Dietrich Mateschitz, CEO of RedBull Click to Tweet This Quote

“If you don’t like what is being said, then change the conversation.” - Don Draper Click to Tweet This Quote

“Content marketing is really like a first date. If all you do is talk about yourself, there won’t be a second date.” - David Beebe Click to Tweet This Quote

“The only way to win at content marketing is for the reader to say, ‘This was written specifically for me.” - Jamie Turner Click to Tweet This Quote

“Your goal should be to own quality time in your customer’s inbox.” - Robert Rose Click to Tweet This Quote

“Focus more on mastering your branding and connect with customers, you’ll sell more” - Victoria Taylor Marketing Click to Tweet This Quote

“A great headline mixed with a lame opening is like inviting someone into your house, only to slam the door in their face as they approach.” - Brian Clark Click to Tweet This Quote

“Marketing is telling the world you’re a rock star. Content Marketing is showing the world you are one.” - Robert Rose Click to Tweet This Quote

“You can never go wrong by investing in communities and the human beings within them.” - Pam Moore Click to Tweet This Quote

“Don’t settle: Don’t finish crappy books. If you don’t like the menu, leave the restaurant. If you’re not on the right path, get off it.” - Chris Brogan Click to Tweet This Quote

“Content is the reason search began in the first place.” - Lee Odden Click to Tweet This Quote

“The best marketing doesn’t feel like marketing.” - Tom Fishburne Click to Tweet This Quote

“The best marketing doesn’t feel like marketing.”

Click to Tweet

“Content: there is no easy button.” - Scott Abel Click to Tweet This Quote

“Less is more. Keeping it simple takes time and effort.” - Jeff Bullas Click to Tweet This Quote

“Content is anything that adds value to the reader"s life.” - Avinash Kaushik Click to Tweet This Quote

“Your top of the funnel content must be intellectually divorced from your product but emotionally wed to it.” - Joe Chernov Click to Tweet This Quote

“Our jobs as marketers are to understand how the customer wants to buy and help them to do so.” - Bryan Eisenberg Click to Tweet This Quote

“The future of content marketing is in your hands.” - David Hahn Click to Tweet This Quote

“If you build it… you may still need Google AdWords.” - Jennifer Mesenbrink Click to Tweet This Quote

“Content builds relationships. Relationships are built on trust. Trust drives revenue.” - Andrew Davis Click to Tweet This Quote

“Content builds relationships. Relationships are built on trust. Trust drives revenue.”

Click to Tweet

“Leverage the strength that you have: that no one else can be you.” - Todd Wheatland Click to Tweet This Quote

"The buyer journey is nothing more than a series of questions that must be answered." - Analyst Firm IDC

"Personally, I am very fond of strawberries and cream, but I have found that for some strange reason, fish prefer worms." - Dale Carnegie Click to Tweet This Quote

“Not viewing your email marketing as content is a mistake.” - Chris Baggott Click to Tweet This Quote

“The cost of being wrong is less than the cost of doing nothing.” - Seth Godin Click to Tweet This Quote

“Don’t be afraid to get creative and experiment with your marketing.” - Mike Volpe Click to Tweet This Quote

“Failure is an option.” - Matthew Schwartz Click to Tweet This Quote

“Marketing is really just about sharing your passion.” - Michael Hyatt Click to Tweet This Quote

“Focus on the present… It"s the best gift you can give yourself.” - Carrie Kerpen Click to Tweet This Quote

Want to put these inspirational lessons into action?

Wishpond's marketing campaign software can help. Click here to get started with a contest, landing page, popup or email marketing campaign today!

“Just as you don’t need to be on every single TV channel, I don’t believe a brand needs to be on every single social media one in a big way.” - Shiv Singh Click to Tweet This Quote

“Social media is about sociology and psychology more than technology” - Brian Solis Click to Tweet This Quote

“Nothing begets creativity like constraints.” - Christopher Mims Click to Tweet This Quote

“Sell-sell-sell sales methods simply do not work on social media.” - Kim Garst Click to Tweet This Quote

“Strong customer relationships drive sales, sustainability, and growth.” - Tom Cates Click to Tweet This Quote

“As social media grows and matures, showing a return becomes critical.” - Heidi Cohen Click to Tweet This Quote

“You can’t just place a few “Buy” buttons on your website and expect your visitors to buy.” - Neil Patel Click to Tweet This Quote

“You can’t just place a few “Buy” buttons on your website and expect your visitors to buy.”

Click to Tweet

“Getting the Like is easy. It's a light action. Anything else requires trust.” - Jon Loomer Click to Tweet This Quote

“You can’t push your sales messages on your fans too often.” - Andrea Vahl Click to Tweet This Quote

“Incorporate easy email marketing strategies with your Facebook efforts to see bigger results (aka profits!).” - Amy Porterfield Click to Tweet This Quote

“When people feel insecure about something, they look around for validation. Show them that other people trust you.“ - Francisco Rosales Click to Tweet This Quote

“Word of mouth can be as important, if not more important, for neighborhood businesses as traditional advertising.” - Ekaterina Walter Click to Tweet This Quote

“On average, 8 out of 10 people will read your headline copy, but only 2 out 10 will read the rest.” - Brian Clark Click to Tweet This Quote

“Empower your readers with social sharing buttons.” - Mike Stelzner Click to Tweet This Quote

“Start an editorial calendar that everyone involved in your blog (writers, editors, marketing team, etc.) can access.” - Kristi Hines Click to Tweet This Quote

“Make the prospect a more informed buyer with content.” - Robert Simon Click to Tweet This Quote

“Too often, feeling intimidated becomes our excuse not to be awesome.” - Scott Stratten Click to Tweet This Quote

“The importance of gratitude is never forgotten.” - Deborah Lee Click to Tweet This Quote

“Going viral is not an outcome; it"s a happening. Sometimes it happens; sometimes it doesn't. Just remember, fans are vanity and sales are sanity.” - Lori Taylor Click to Tweet This Quote

“Our digital future is about enabling better productivity and decision making to enjoy a better quality of life.” - Yacine Baroudi Click to Tweet This Quote

“Our digital future is about enabling better productivity and decision making to enjoy a better quality of life.”

Click to Tweet

“This is a learning process and sometimes you have to fall in order to learn things.” - Christine Korda Click to Tweet This Quote

“Successful companies in social media function more like entertainment companies, publishers, or party planners than as traditional advertisers.” - Erik Qualman Click to Tweet This Quote

“Most of us have experienced wow moments. We just haven’t taken time to think deeply about them.” - Michael Hyatt Click to Tweet This Quote

“Find your spirit, and no challenge will keep you from achieving your goals.” - Christopher Penn Click to Tweet This Quote

What do you think? What was your favorite marketing quote?

Do you have an inspiring marketing quote to add? Share it below!

Want to put these inspirational lessons into action?

Wishpond's marketing campaign software can help. Click here to get started with a contest, landing page, popup or email marketing campaign today!

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[clubcabana-posts]

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[shelbieeden]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

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from Michael Anderson https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

from Divorce Lawyer Sandy Utah https://divorcelawyersandyutah.blogspot.com/2018/09/sec-names-deputy-chief-accountant.html

[beckybraswell1]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

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Source: https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[merlehornsby]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Fighting the Lure of Tax Havens

Steps to Take Before Separating From Your Spouse

Trial Lawyers

Draper Bankruptcy Lawyer

Funeral Planning

Divorce Terms to Know

Source: https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

source https://businesslawyerwestjordanut.wordpress.com/2018/09/23/sec-names-deputy-chief-accountant/

https://businesslawyerwestjordanut.blogspot.com/2018/09/sec-names-deputy-chief-accountant.html

[siempreweddings]

Elevate Your Draper Wedding: Creative Ideas from Outdoor Wedding Planner

Planning a wedding in Draper? You don't need to worry since we will discuss it in this blog post. Siempre Weddings SLC, your go-to wedding planner in Draper, is here to make your outdoor weddings in Draper unforgettable. Let’s dive deep into this to learn more creative ideas for enhancing your draper wedding. Draper provides a charming setting for your special occasion. Consider saying "I do" amidst nature's beauty. Weddings SLC specializes in crafting magical outdoor weddings in Draper that blend romance with the tranquillity of nature. Visit us: https://siempreutah.blogspot.com/2023/12/elevate-your-draper-wedding-creative.html

[tegi1153-blog]

Why You Need Full Service Wedding Planner

By Stephanie Cain, Brides Magazine (Stephanie Cain is a journalist and content strategist in the lifestyle space, who has 14 years of experience as a magazine editor, digital producer, content marketer, and public speaker.)

The Event Group International

Hiring a wedding planner is no easy task. There’s an overwhelming number of wedding planners and coordinators who pop up on Google and plenty of differences in their services. Some spout specialties, like destination wedding planning, while others list what’s included in wedding planning packages tiered by price. Many tout their experience, noting the number of weddings or variety of locations where they have hosted events. Because being a wedding planner isn’t a regulated industry like being a doctor or lawyer—there’s no degree or overseeing institution that accredits planners—the process is fraught with challenges.

The biggest issue that planners and couples face is that pricing isn’t regulated either. Cheaper isn’t necessarily better, and just because two pros say they offer full-service wedding planning doesn’t mean that they offer all the same services. For some planners, full-service means a few hours of planning help while for others, that number can reach 1,000-plus hours of work to pull off your big day. You can’t blanket compare the costs of two pros without understanding what exactly is included in their interpretation of “full-service.” To help you get a start, we dug into what full-service wedding planning really means by talking to some top wedding planners in the industry.

Full-service wedding planning includes help hiring vendors, from the venue to officiants to bridal stylists

Whether or not you have a venue or vendors in mind, a full-service wedding planner will help you book every professional you need for your dream day. They’ll likely point out vendors that you never even thought about, such as a glassware rental company or sari drapers to help your guests get ready for your Hindu ceremony. Even if you’ve already found your venue, your planner will be there to manage the conversations between you and that venue, negotiating rates for things like catering and confirming the timeline to ensure everything goes smoothly. That ncludes site inspections under the umbrella of hiring vendors, which means she’s on the ground checking out the space and noting any potential logistical issues before you make a final booking. “It’s a critical aspect of the planning process,”

It’s about more than the décor

Couples tend to mistake wedding decor for all that a planner does, but it’s really the unseen details that matter most. “Successful wedding planning is about more than just the pretty,” “It’s about the process and the work we do together.” Planners keep your event running on time, put out fires you didn’t even know started, manage small situations like adjusting the room temperature, and function as the mediator between you and, well, everyone. You should be enjoying your wedding day, not worried about the bartender running out of ice.

“Full service planning means anticipating your every need, but also educating you on the options that exist to create something that speaks to who you are,” she adds.

It goes beyond just the couple. Full-service wedding planning encompasses every guest’s experience

Of course your planner will be focused on you. But they’ll also ensure your guests will all have a memorable experience. They’ll brainstorm interactive moments to keep your guests entertained while you take photographs, manage the ease of RSVPs, and have your welcome bags delivered to every guest room at the hotel—any touch point that a guest has during your wedding planning process and celebration will be addressed. “It’s really thoughtful to all the details, large and small, for ‘every’ guest's experience"

Full-service planning goes beyond the wedding day

With the rise of wedding weekends, the popularity of destination affairs, and an abundance of pre-wedding festivities, full-service planners know they may be tapped to help create dream bridal showers and rehearsal dinners that rival the reception. Williams explained that he often has a conversation with couples about assisting with additional celebrations, including honeymoons, and builds that into the contract. “You need to be clear from the start exactly what events you are hiring for,” he says.

It requires the help of an entire team

One person can’t do it all when it comes to hosting a wedding, be it you, your mother, or your wedding planner. Truly full-service planners arrive onsite with an entire team. For Rago, that means having staff dedicated to specific areas of expertise, like food and beverage, service, decor, and transportation. Each serves as a point person during the planning process as well as day-of, knowing the nitty-gritty details of what’s been organized to avoid any snafus. That also means she’ll hire onsite producers to build decor or facilities for the celebration, noting that sometimes these staff are onsite for the two weeks leading up to the wedding to complete any installations.

Your planner will take care of contracts and budgeting so you don’t have to. Not into negotiating fine print? That’s where your full-service wedding planner will come in. “From the onset, we build the master budget and manage the payment schedule,” That includes educating couples about the process and what things cost, since it’s a huge learning curve for most to-be-weds. Plus, some couples may not know the budget at the beginning and that’s okay. “Budget discovery takes time,” “You have never thrown a party of this magnitude before.”

It often includes design and production in addition to planning

For many full-service planners, their services go beyond setting up the logistics of the day. They also serve as event designers and producers, like Rago, who can conceptualize the look and feel of your day then organize the means to build out the vision. Others focus solely on logistics, but partner with an event designer to produce the decor. “It’s important to understand the difference between the art of planning, the art of design, and ultimately, the art of production,”Be clear before hiring a planner where they fall on the spectrum to manage expectations and your budget.

It’s having an ally to battle wedding planning together

“This person will be a part of your most intimate moments and you want to feel an immediate trust,” “It’s a long journey with a lot of emotions along the way, and having someone talented and fun on your side is crucial.” Your planner will serve as your wedding guru during the planning process and can help mediate situations between families when it comes to decor choices and menu picks. That said, your planner is not a therapist nor is he or she available 24-7 to manage your (or your mother’s) anxiety. “Some couples think they are the only couple you’re working with,” and it is our job to make them feel like we are. That’s obviously not the case. Most industry pros are planning weddings for multiple couples at once. It’s important to understand where to draw the line. Express compassion if they don’t get back to you immediately or can’t resolve an intimate interpersonal familial conflict.

Full-service planners may still demand stand-alone charges for services

Just because it’s full-service, doesn’t mean that the planner can do everything for you. Some services require additional effort, such as travel planning, tracking guests’ flights, and building custom wedding websites. Be clear what your planner does and does not include under the term full-service. Be okay with additional fees for services that require many more hours of work, such as hiring a developer to code a website or enlisting travel agents to organize guests’ airline itineraries and tourist visas.

Full-service wedding planning includes getting the little things done, like arranging group photos, wake-up calls, and steaming clothes

Full-service means going above and beyond, answering any beck and call. Tanya is on-hand from the moment you sign the contract to the day your wedding photo album and final video are delivered, even if that’s weeks after the festivities. Shah has reserved poolside cabanas at 7 a.m., sent texts to wedding party members to ensure they wake up, and even steamed clothes. Ultimately if you opt for a Full Service Event Planning option, you will not need to worry about anything except for relax and show up for your day.

[lenabrown11]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Fighting the Lure of Tax Havens

Steps to Take Before Separating From Your Spouse

Trial Lawyers

Draper Bankruptcy Lawyer

Funeral Planning

Divorce Terms to Know

Source: https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[jennielane1]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

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Source: https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[juliadicken]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

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Divorce Terms to Know

From https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[albastadler]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Fighting the Lure of Tax Havens

Steps to Take Before Separating From Your Spouse

Trial Lawyers

Draper Bankruptcy Lawyer

Funeral Planning

Divorce Terms to Know

via Michael Anderson https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[bullvtproof]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

Free Initial Consultation with SEC Lawyer in Utah

When you need help from a Utah SEC Lawyer, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Fighting the Lure of Tax Havens

Steps to Take Before Separating From Your Spouse

Trial Lawyers

Draper Bankruptcy Lawyer

Funeral Planning

Divorce Terms to Know

Source: https://www.ascentlawfirm.com/sec-names-deputy-chief-accountant/

[darrylotero]

SEC Names Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Sagar S. Teotia as a Deputy Chief Accountant in the agency’s Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Teotia will lead the activities of the office’s accounting group, which includes understanding investor and other perspectives on accounting matters and consulting with public companies, auditors, and divisions and offices within the SEC, on the application of accounting standards and financial disclosure requirements. Mr. Teotia will also assist the office in discharging the Commission’s oversight of standard setting bodies such as the Financial Accounting Standards Board.

Mr. Teotia previously served in the office as a professional accounting fellow from 2009 to 2011. During his time as a fellow he followed the activities of professional accounting standard-setting bodies, both within the United States and internationally.

“I am very pleased that Sagar has agreed to return to the Office of the Chief Accountant to oversee the accounting group,” said SEC Chief Accountant Wesley Bricker. “Sagar’s prior experience as an SEC accounting fellow as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored to have this opportunity to return to work at the Commission and serve with the talented and highly dedicated team in the Office of the Chief Accountant on behalf of investors,” said Mr. Teotia.

Mr. Teotia joins the SEC with approximately 18 years of professional experience that includes expertise in regulatory matters, technical accounting, and mergers and acquisitions. He joins the SEC from Deloitte & Touche LLP’s National Office Accounting Consultation Group in Utah, where he was a partner.

Mr. Teotia’s work has included a focus on financial instruments, business combinations, and compensation issues, including stock compensation and pension matters. He has also worked on matters regarding the application of U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards.

Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.

SEC HALTS FRAUD TARGETING SENIORS

As a securities lawyer, it’s fun to see the changes that are announced from time to time by the SEC. For example, they recently announced an emergency asset freeze and temporary restraining order against a Utah-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars.

The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with false account statements to hide Glick’s use of client funds to pay personal and business expenses, purchase a Mercedes-Benz, and pay off loans and debts among other misuses.

According to the SEC’s complaint, Glick was barred by FINRA in 2014 and had his Certified Financial Planner designation and Certified Public Accountant license revoked for conduct unrelated to today’s SEC charges.

“As alleged in our complaint, Daniel Glick raised millions of dollars from elderly clients by claiming that he would pay their bills, handle their taxes, and invest on their behalf.  In reality, Daniel Glick used much of their money to do what was best for Daniel Glick,” said David Glockner.

The SEC’s complaint also names Glick Accounting Services, Glick’s business partner David B. Slagter, and Glick’s business acquaintance Edward H. Forte as relief defendants for the purposes of recovering client funds that Glick transferred or paid them in the form of advances or loans.

The court issued a temporary restraining order against Glick and FMS at the SEC’s request, and issued an order freezing the assets of Glick, FMS, and Glick Accounting Services.

The SEC encourages investors to check the background of anyone offering to sell them investments.

SEC HALTS BOILER ROOM SCHEME INVOLVING STATE LOTTERY TICKETS

The Securities and Exchange Commission today announced charges against a Utah-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales of lottery tickets in various states.

The SEC has obtained an emergency court order freezing the assets of LottoNet Operating Corp., David Gray, and Joseph A. Vitale. The SEC’s complaint alleges that they misrepresented to investors that their money would be used to develop and market LottoNet and that sales agents did not receive commissions. At least 35 percent of investor proceeds were allegedly paid to boiler room sales agents in the form of commissions, and LottoNet allegedly siphoned investor funds for personal spending on clothing, wedding-related expenses, and strip clubs.

According to the SEC’s complaint, which was unsealed in federal court today, among the pitches used in sales agent scripts prepared for cold calls to investors was “you’re looking at a monthly dividend payout of $8,500 every month” on a $25,000 investment if LottoNet reaches 1 percent market share. The scripts also allegedly touted the purported safety of the investment, noting a 60 percent return as a “worst case” scenario if the company was ever sold. The SEC alleges that while LottoNet has raised a total of approximately $4.8 million from investors, the company had only paid $10,525.43 in investment returns to investors through the end of February. Sales agents allegedly have been paid more than $1.1 million out of investor funds.

The SEC’s complaint further alleges that Vitale, who personally raised at least $1.4 million from investors, used the alias Donovan Kelly in an apparent attempt to hide from investors that he is permanently barred by the Financial Industry Regulatory Authority (FINRA).

“As alleged in our complaint, little did investors know they were being duped with a script based on misrepresentations while investor funds were being spent in strip clubs,” said Eric I. Bustillo.

TELECOM EXECUTIVES AGREE TO PAY PENALTIES FOR FCPA VIOLATIONS

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel civil and criminal charges that the company bribed officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry says local business lawyers.  The SEC’s complaint also charged the company’s former CEO Elek Straub and former chief strategy officer Andras Balogh with orchestrating the use of sham contracts to funnel millions of dollars in corrupt payments.  The two executives were set to stand trial this month.

Straub has agreed to pay a $250,000 penalty and Balogh has agreed to pay a $150,000 penalty.  Both executives agreed to a five-year bar from serving as an officer or director of any SEC-registered public company.  The settlements are subject to court approval.

“The executives in this case were charged with spearheading secret agreements with a prime minister and others to block out telecom competitors,” said Stephanie Avakian, Acting Director of the SEC’s Division of Enforcement.  “We persevered in order to hold these overseas executives culpable for corrupting a company that traded in the U.S. market.”

A third Magyar Telekom executive charged in the SEC’s complaint, former director of business development and acquisitions Tamas Morvai, agreed to a settlement that was approved by the court in February requiring him to pay a $60,000 penalty for falsifying the company’s books and records in connection with the bribery scheme.

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