Registrato: 26/10/16 11:38
|The meaning of the above statement is that in the past, there were not many strong rules that provided a safety net of employment to the employees, and the employer had no rules to regulate work situations, which led to increased harassments, reduced commissions and so on. Labor law posters are designed by the federal government from every State to help in redesigning work premises and provide a favorable environment to both parties. Mind you, if the environment agrees, there would be increased returns, which would benefit both the employer and the employee. What happens to be that the Colorado labor poster or the Florida labor law poster or any other related labor law posters from any suggested state, the overall objective is to bring balance between the employer and the employee thus ensuring the employee cannot be fired without any substantial reason?
This is not all , when the environment favors either party, there will be an increased opportunity towards better revenues. Due to the current economic status, the Colorado labor poster and the Florida labor law poster among other related labor law posters are consecutively providing written guidelines to both the employers and the employees on what is required of them besides the fact that both have various rights. If you compare the current status of work environments with the past, you will note that due to these laws, not only has the economy drastically improved, but the workers are showing better enthusiasm and self-drive while working, which is the most important factor in the performance of the country concerning economy.
The behavior of technology in everyday events is one of the major reasons that labor laws were implemented. Remember that these labor laws are adjusted or updated regularly, and so it is necessary for concerned and professional employers to check on the websites to ensure that the documents they have in their companies is up to date!
The life settlement world has seen an interesting 2010. As it comes to a close, some of this year’s events can be viewed not only as a barometer of the industry throughout the year, but also as a significant indicators of its future. Below are the ten biggest life settlement stories of 2010 , in no particular order.
1) $100 million life settlement fraud case cracked. While fraud has been linked to life settlement investments in the past, the sheer size and scope of this case is hard to ignore. It features an 18-count indictment for [the] alleged roles in a $100 million fraud scheme with more than 800 victims across the United States and Canada.” Unfortunately, allegations of fraud continues to shape the perceptions held by consumers, regulators and investors alike.
2)SEC report suggests life settlements be defined as securities. The SEC’s Life Settlements Task Force recommended that the Commission “consider recommending to Congress that it amend the definition of security under the federal securities laws to include life settlements as securities.” Changing federal securities laws in this way would force life settlement intermediaries under the SEC’s authority and necessitate FINRA registration.
3)Zang v. Alliance Financial Services of Illinois, Ltd. In September, an Illinois court made a much talked about decision when it ruled that in essence, life settlements are not securities when only a single investor is involved. However, as renowned life settlement legal expert, Brian Casey pointed out, “[industry participants] should limit [their] enthusiasm for the ruling until additional courts have had the opportunity to adjudicate similar issues with fact patterns not as unusual as those set forth in Zang.”
4) LISA leadership change. After stewarding the Life Insurance Settlement Association (LISA) since 2001 , Doug Head announces he will retire as executive director at the end of this year. Darwin Bayston, who has experience as a consultant with AVS Underwriting, and his own firm Life Settlement Consulting & Management, steps into the position at a time of enormous market and regulatory changes.
5)Invescor closes doors. A leading life settlement broker with strong ties to the broker dealer community cites slow market volume and a difficult selling environment as reason for shuttering business.
6) State regulation takes effect across the country. California, New York, Illinois, NH, Oregon, Rhode Island, Vermont and Wisconsin all saw new legislation take effect during 2010. While the new laws were expected , the legislation has changed compliance and disclosure practices in major markets such as CA, NY and IL.
7)Life Expectancy Providers form focus group.”Advanced Underwriting Solutions, AVS Underwriting, Examination Management Services, Inc., ISC Services and 21st Services form group to provide a comprehensive and consistent set of best practices and performance standards to all longevity markets that may benefit from life expectancy and mortality information.” The goal is to present this information to the various life settlement trade associations for acceptance and adoption. Noticeably absent from the focus group was Fasano Associates.
Goldman Sachs exits the life settlement industry by closing Longmore Capital. Goldman Sachs was not the only investment bank which exited .