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Sometimes, Adultery Happens…and Maybe a Little Insider Trading

Posted on by Caleb Newquist

lovers.jpgSometimes when two married people decide to get down to some adulterous activity, bad things can happen. Divorce, confused kids, awkward dinner parties. Most people probably don’t count on getting involved with serious insider trading allegations.
Steamy details after the jump

Eventually the two settled into a comfortable day-to-day routine in their respective offices in New York and Philadelphia, staring at the same Yahoo Finance screen. Mr. Gansman led Ms. Murdoch in a guessing game about which deals he was working on, she said.

Lady Hard Up For Cash Whores Self Out For Hot Tips, Help With Subprime Mortgage [DB]

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Is David Paterson Trying to Pander to CPAs?

DavidPaterson.jpgGood news haters of all thing red tape! There is a pesky little fee in New York that goes into effect on December 31 that will require all tax preparers to pay $100 and register with the state tax department.
In case you haven’t heard, Paterson and the rest of the crew up in Albany have a bit of budget shortfall on their hands and need every dime they can get. Well! Your trusty New York State Society of CPAs has lobbied their asses off and gotten you out of this particular case of government meddling:

A bill signed into law by New York State Governor David Paterson provides an exemption from the state’s new tax preparer registration requirements for CPAs, including those who hail from outside the state.
…
The New York State Society of CPAs had advocated for an exemption for all CPAs from the registration requirements and had earlier succeeded in getting CPAs who were licensed in the state from being subject to the requirements.

Those state society fees do get you something! Call them up and thank them. And thank the Guv, while you’re at it.
New York Exempts CPAs from Preparer Registration [Web CPA]

FASB Overseers Hope That Motley Crue-ish Tour Will Help Win Some Fans Back

Motley Crue.JPGThe Financial Accounting Foundation (“FAF”) trustees are going on a tour that will certainly rival the amount of groupie tail that Motley Crue was getting circa late 80s.
“The Financial Accounting Foundation trustees, who oversee the U.S. Financial Accounting Standards Board (FASB), will meet with small closed discussion groups of investors, auditors, academics and regulators in New York, Dallas, San Francisco, Chicago and Washington, D.C., as well as with the FASB’s standing advisory groups.”
It’s pretty clear that the FAF has the intention of spreading their seed knowledge around the country in order to win back some cred for the FASB.

FASB overseers to seek input on new strategic plan [Reuters via Accountancy Age]