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Lev Akabas Leads Akabas & Sproule Basketball Team to NYC Lawyer’s League Championship Victory

The Akabas & Sproule basketball team has returned to championship form under the leadership of Lev Akabas (second from right). The team beat Fried, Frank, Harris, Shriver & Jacobson LLP Monday, March 18, 73 – 58 at Baruch College basketball arena in the NYC Lawyer’s League championship game. The Akabas & Sproule team will play […]

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Recent Amendment of the Rules Under the Investment Advisors Act

Hedge funds, throughout their history, have not been subject to much scrutiny or regulations.1 In February 2006, however, hedge funds must comply with the new Securities and Exchange Commission’s (SEC) regulations under the Investment Advisors Act (Act).2 The hedge fund industry managers have long been secretive of their goings on, and the lack of any

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Is Your Company Ready for the New Beneficial Ownership Information (BOI) Reporting Requirement?

On March 24, 2023 the Financial Crimes Enforcement Network (FinCEN) published guidance materials to aid the public in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024. The new regulations require many corporations, limited liability companies, and other entities created in or registered to do business in the United States

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Legal document non-compete agreement on paper close up

Proposed New Rules Would Upend Employee Non-compete Clauses

Proposed New Rules Would Upend Employee Non-compete Clauses On January 5, 2023, the Federal Trade Commission (FTC) released a Notice of Proposed Rulemaking (NPRM) to prohibit employers from utilizing non-compete clauses with workers at any level within an organization. The issuance of this NPRM commences the 60-day period for which any individual or entity may

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Recent Amendment of the Rules under the Investment Advisors Act

Hedge funds, throughout their history, have not been subject to much scrutiny or regulations.1 In February 2006, however, hedge funds must comply with the new Securities and Exchange Commission’s (SEC) regulations under the Investment Advisors Act (Act).2 The hedge fund industry managers have long been secretive of their goings on, and the lack of any watchdog over

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Non-Qualified Deferred Compensation Plans After the American Jobs Creation Act of 2004

The American Jobs Creation Act of 2004 (the”Act”), was signed into law by President Bush on October 22, 2004. While the Act was originally proposed to compensate US businesses for the loss of US export subsidies declared illegal by the World Trade Organization, as finally enacted, the Act contains a variety of benefits for all

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