Certified Public Accountants and Consultants


Accounting News

January 30, 2017
By Gene D Kublanov, CPA JD

Should You Invest in Bitcoin

The Securities and Exchange Commission (SEC) recently issued an alert regarding investment in bitcoin.    In the alert, the SEC stated that the increase in investments in bitcoin and other virtual and digital currencies creates new concerns.   Investors in bitcoin are often promised high invetment returns but are often encountered with a high risk of fraud.   The SEC suggested that potential investors consider risks when evaluating an investmetn involving bitcoin.   Bitcoin is not insured and exchanges do not have insurance protections.   Bitcoin is volotile where the exchange rate has dropped more than 50% in one day.   Bitcoin is not legal tender and security at an exchange can be a problem.   The SEC also warned investors that potential fraud may be prevalent and to look out for signs such as "Guaranteed" high investment returns and pressures to purchase immediately.

SEC Issued New Rule for Reporting CEO Pay

​​The SEC  approved a new rule that will require U.S. publicly held  companies to disclose the ratio between their CEO’s  compensation and that of their median employee.    The rule,  which passed by a 3–2 vote and requires Companies to reveal the following:
  • The median of the total annual compensation of all their employees except the CEO
  • The annual total compensation of the CEO
  • The ratio of the two amounts.
The rule requires companies to report the pay ratios starting with their first fiscal year beginning on or after Jan. 1, 2017