News

The U.S. Treasury Department and the Internal Revenue Service (IRS) released final broker reporting regulations with respect to DeFi on December 27, 2024, in T.D. 10021. These final regulations apply to sales of digital assets on and after January 1, 2027....

Section 305 of SECURE 2.0 added rules for self-correcting a new category of retirement plan errors under the Employee Plans Compliance Resolution System (“ECPRS”).

Corporate Transparency Act (CTA) news in December 2024 has been plentiful. Here is the running recap of significant December events......
By: Williams Mullen

On December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit, in a 9-8 en banc decision, vacated the approval of Nasdaq's board diversity rules by the Securities and Exchange Commission (SEC).

After our December 23 News Alert, FinCEN announced an extension for all filings due by 12/31/2024 for entities formed prior to January 1, 2024. Such subject entities now must file no later than January 13, 2025....

On December 26, 2024, DAP Health, Inc., along with its subsidiary Borrego Health (collectively “DAP Health”), filed a notice of data breach with the Attorney General of California after discovering that an unauthorized party was able to access its email system.

The National Association of Attorneys General (NAAG) recently held its annual Capital Forum in Washington, D.C., where noteworthy leadership changes were announced.

Recently, Community Alliance, Inc., Community Alliance Rehabilitation Services and Community Alliance Health Partners (collectively, “Community Alliance”) filed a notice of data breach with the Attorney General of Massachusetts after discovering that an unauthorized party accessed portions of the

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