Investor protection with municipal bonds is so spotty that there is potential for much mischief.
Disclosure, that bedrock of fair securities markets, is the heart of the problem facing municipal investors. Municipal issuers often don't file the most basic reports outlining their operating results or material changes in their financial conditions.
Even though hospitals, cities and states that borrow money are required by their bond covenants to make such filings, nondisclosure among the nearly 60,000 issuers is common.
With the S.E.C. largely on the sidelines, disclosure enforcement in the municipal market is left to participants. Do you think they really want to police themselves very closely? That leaves individuals who trade the securities, the investors, and the dealers, to monitor the disclosure information. There is almost no penalty for not complying with those requirements. This is another disaster waiting to happen. If you own municipal bonds, you had better be careful. You may want to investigate www.financeexperts.org and select someone that knows what they are doing to assist you.
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ReplyDeleteYou Landed Here For A Reason
Don't Ignore Your Good Fortune
"
If you landed on this page while searching for information, there is a very good chance that your financial future is in jeopardy because of what the IRS now considers abusive tax shelters.
You are almost certainly looking at:
IRS Penalties, Fraud, Scams, Fines, and Audits
These days people can’t afford to pay "IRS fines"of up to $200,000 for each year they were in a benefit or "retirement plan" they THOUGHT was working properly. If you are in a 412i "retirement plan" or a "419 welfare benefit plan" and got a "letter from the IRS", your money may be in serious trouble and you could be put out of business - permanently. You need to act IMMEDIATELY if you want to save your money, your business, or recover what has already been lost!
If you participated in a 419e plan, 412i plan, Section 79, listed or reportable transaction you have very specific things to do to save you from IRS fines and penalties. We know what those things are and we know how to get it all done. We can help anyone with problems resulting from being in a listed transaction or a reportable transaction.
HELP IS AVAILABLE! Call 516-938-5007 today (services provided nationwide!) for a FREE phone consultation and find out right away if you are in what the IRS has labeled an "abusive tax shelter", listed or reportable transaction. Once you know, then you can act. Once you
ReplyDeleteYou Landed Here For A Reason
Don't Ignore Your Good Fortune
"
If you landed on this page while searching for information, there is a very good chance that your financial future is in jeopardy because of what the IRS now considers abusive tax shelters.
You are almost certainly looking at:
IRS Penalties, Fraud, Scams, Fines, and Audits
These days people can’t afford to pay "IRS fines"of up to $200,000 for each year they were in a benefit or "retirement plan" they THOUGHT was working properly. If you are in a 412i "retirement plan" or a "419 welfare benefit plan" and got a "letter from the IRS", your money may be in serious trouble and you could be put out of business - permanently. You need to act IMMEDIATELY if you want to save your money, your business, or recover what has already been lost!
If you participated in a 419e plan, 412i plan, Section 79, listed or reportable transaction you have very specific things to do to save you from IRS fines and penalties. We know what those things are and we know how to get it all done. We can help anyone with problems resulting from being in a listed transaction or a reportable transaction.
HELP IS AVAILABLE! Call 516-938-5007 today (services provided nationwide!) for a FREE phone consultation and find out right away if you are in what the IRS has labeled an "abusive tax shelter", listed or reportable transaction. Once you know, then you can act. Once you
Lance Wallach, CLU, ChFC, CIMC, the National Society of Accountants Speaker of the Year, consults on abusive tax shelters, captive insurance, conservation easements,bitcoin, ,insurance, estate planning, retirement and employee benefit plans,419,412i,section 79 plans and other IRS audit targets etc. As an expert witness his side has never lost a case.
ReplyDeleteLance Wallach advised thousands of high-income clients including hundreds of famous entertainers and athletes about captive insurance, 419, 412i section 79 and other abusive tax shelters. Lance also counseled famous Wall Street luminaries such as Hugh Downs and Louis Rukeyser, the host of 2 long-running programs Wall Street Week with Louis Rukeyser & Louis Rukeyser’s Wall Street.
Speaker at over 50 annual conventions and author for more than 500 publications on tax reduction ideas, abusive welfare benefit and retirement plans, captive insurance companies,abusive tax shelters and conservation easements, cash balance plans, life settlements, premium finance, and more. He is a course developer and instructor for Continuing Professional Education courses administered by
The American Institute of Certified Public Accountants.
Lance is a prolific author, having written or collaborated on numerous books, including 'The CPA Guide to Life Insurance', published by BISK Education, 'The Team Approach to Tax and Financial Planning', published by the American Institute of CPA s, and most recently 'Protecting Clients from Fraud, Incompetence, and Scams', published by Wiley. He has been hired as an expert witness on some issues of which he speaks about, and to this day, Lance Wallach has never lost a case.
Lance Wallach has appeared on radio and TV financial programs, most recently, on National Public Radio and NBC 25. Lance consults on abusive tax shelters like 412i,419, section 79, captive insurance bitcoin, easements, tax shelters and VEBA Plans.
Additionally, Lance Wallach's expertise is sought after by the U.S. Securities and Exchange Commission, U.S. Department of Labor, the Enforcement Unit of the IRS The State Inusrance Dept etc.