dChan
Anonymous ID: 2f7d53 Dec. 11, 2020, 7:59 a.m. No.21728   🗄️.is đź”—kun   >>1729 >>1741 >>1802 >>1853

Putin orders public officials to declare digital assets

 

Russian public officials will have to declare any cryptocurrency holdings and digital assets from Jan. 1, 2021, according to an order signed by President Vladimir Putin, published on Friday.

 

Lawmakers this year approved a bill giving cryptocurrencies legal status, but banned them from being used as a means of payment. The central bank is considering issuing a digital rouble it says would eventually make Russia’s payment systems more robust. Any public official or person seeking to hold public office must disclose their digital assets, as well as those of their spouse and children, before June 30, 2021, the order said.

 

Failure to declare digital currency transactions above 600,000 roubles ($8,211) in one year could result in a fine, according to draft proposals for changes to Russia’s tax code by the finance ministry. A jail term of up to three years is also under consideration, the RBC daily newspaper has reported. The central bank first floated the idea of a digital rouble in October, saying it may issue it on top of existing cash and non-cash roubles to facilitate payments for individuals and businesses.

 

Russia had initially declared cryptocurrencies illegal on the grounds that they could be used in money laundering or to finance terrorism.

https://www.reuters.com/article/russia-cryptocurrencies/putin-orders-public-officials-to-declare-digital-assets-idUSL8N2IR4B7

Anonymous ID: 2f7d53 Dec. 11, 2020, 8:17 a.m. No.21735   🗄️.is đź”—kun

U.S. SEC charges Sequential Brands with deceiving investors over goodwill

 

The U.S. Securities and Exchange Commission on Friday sued Sequential Brands Group Inc, accusing the brand management company of deceiving investors by failing to write down its goodwill fast enough after its stock price fell. Shares of Sequential fell as much as 16.4% in Friday trading.

 

In a complaint alleging negligence-based fraud, the SEC said Sequential ignored internal calculations in late 2016 that showed a write-down was needed because its stock price was falling, including a 41% drop in that year’s fourth quarter.

 

The SEC said this enabled the New York-based company to appear financially healthier to investors by overstating operating income, lowering expenses, and understating by at least $42 million its reported 2016 net loss. Sequential did not fix the problem until February 2018, when it belatedly wrote down the $304.1 million of goodwill on its books, the SEC said.

The complaint filed in Manhattan federal court seeks civil fines.

 

Goodwill is an intangible asset normally associated with one company’s purchase of another. Sequential typically buys brands, which include Jessica Simpson and Joe’s Jeans, and licenses them in exchange for fees.

 

By ignoring “clear evidence” of goodwill impairment, Sequential “delayed alerting investors to its declining economic prospects,” SEC associate enforcement director Melissa Hodgman* said in a statement.

""*Mrs". Strzok….pretty fuggen ironic saying that'''

 

Mary Beth Maloney, a partner at Gibson, Dunn & Crutcher representing Sequential, said the company would defend itself against the SEC’s “meritless” lawsuit, and believed it had complied with goodwill accounting rules. In morning trading, Sequential was down $1.40, or 7.7%, at $16.83, after earlier falling to $15.25.

 

The case is SEC v Sequential Brands Group Inc, U.S. District Court, Southern Distinct of New York, No. 20-10471.

https://www.reuters.com/article/sequential-usa/update-2-u-s-sec-charges-sequential-brands-with-deceiving-investors-over-goodwill-idUSL1N2IR17J

Anonymous ID: 2f7d53 Dec. 11, 2020, 9:24 a.m. No.21774   🗄️.is đź”—kun   >>1802 >>1853

09-0016 USAF C-32A on final approach for Majors Airport-Greenville, TX (L-3 located here)

17 and 15 were here for about 8 days on the previous inbound for those tw AC's.

Some upgrades and/or extended maintenance for this one nao