What is the Section 83(b) Election Process? The Section 83(b) Election Process can be a little tricky, so let’s start at the beginning. Under Section 83(b) of the Internal Revenue Code (“Section 83(b)”), a taxpayer who receives certain property subject to vesting as compensation for services (for example, a restricted stock award granted by the…

This article is reposted from a FINRA and SEC Investor Alert.  A summary can be found here. Securities-Backed Lines of Credit – It May Pay to See Beyond the Pitch An increasing number of securities firms are marketing and offering securities-backed lines of credit, or SBLOCs, to investors. SBLOCs can be a key revenue source…

DWAC stands for Deposit/Withdrawal at Custodian.  It is an electronic transaction system run by  The Depository Trust Company (DTC) that makes it possible to transfer new shares or paper share certificates between broker/dealers or custodial banks, the DTC participants, and the issuer’s transfer agent.  The DTC is, thus, “a clearinghouse settling trades in corporate and…