At least as I see it… Whether you voted for or against him (hopefully you voted) odds are that a Trump presidency will have a material impact on your checking account. After everyone from world leaders to actors and actresses denounced him, since the election Russia’s and Syria’s Presidents have called for “renewed relations”. The mouthy actors and actresses haven’t moved to Canada (save one who I think is actually going to Italy) – anyway, the point is now that he’s in office the big talkers aren’t walking the walk – they are getting in line.
Let’s look at the various ways the Trump Presidency might impact our lives as business brokers. First, if all goes well, HR 686 – S 1010 will pass and intermediaries will be permitted to receive commissions on non-publicly held stock transactions without FINRA licensure. No more crossing your fingers that the attorney doesn’t know the law regarding stock sales. There are of course defined limitations and once passed you are encouraged to read and understand what you may and may not be permitted to do in such situations. I suspect IBBA will have a webinar and subsequent conference panel or workshop to further clarify […]