Norris McLaughlin, P.A. will be presenting a roundtable discussion entitled “Strategies to Minimize Damage from Madoff & Other Recent Investment Scandals” on March 26, 2009 at Norris McLaughlin, P.A.’ Bridgewater office from 8:30 a.m. to 10:30 a.m. Charles A. Bruder, Co-Chair of the Executive Compensation & Employee Benefits Group, will address implications for retirement plans. Gary N. Marks and Morris S. Bauer, Members of the Bankruptcy & Creditors’ Rights Group, will share insights on bankruptcy issues.
The seminar is for advisors and their clients who were effected by investment fraud. Specifically, the panel will discuss effective action for income tax management, including maximizing income tax benefit of a theft loss, timing the theft loss appropriately, and treatment of previously reported “phantom income.” Speakers will also review recent guidance issued by the Pension Benefit Guarantee Corporation and the United States Department of Labor regarding investment fraud associated with the assets of tax-qualified retirement plans and discuss of the potential liability of plan sponsors and/or plan fiduciaries for losses due to investment fraud. Lastly, there will be an overview of the Securities Investor Protection Corporation (“SIPC”), submission and payment of claims under the Securities Investor Protection Act of 1970 (“SIPA”), and the “Clawback” – the SIPC trustee’s utilization of the bankruptcy laws to assert claims against investors for the return of distributions. Attendees will also have an opportunity to ask the panel direct questions.
For more information or to register for this seminar, contact Cassie Coldreck at firstname.lastname@example.org or 908-252-4172.