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Nationwide Life Insurance to pay $5.6M for annuity-related violations
The New York State Department of Financial Services (DFS) entered into a consent order with Nationwide for those regulation violations, Adrienne Harris, superintendent of financial services announced May 20. Under the order, Nationwide will pay about $3.4 million in restitution to New York State consumers, along with $2.24 million in penalties. Impacted consumers will also […]
CPA firm Fust Charles Chambers adds audit associate
SYRACUSE, N.Y. — Fust Charles Chambers LLP, a certified public accounting (CPA) firm based in Syracuse, announced it has recently hired Evan Beckwith as an audit associate. He will help service the firm’s manufacturing, health care, not-for-profit, other professional service, and family owned business clients, per a company release. Beckwith received his bachelor’s degree in
Wealth manager says alternative investments can help diversify portfolios
UTICA, N.Y. — Typical investments in stocks, bonds, and money market funds still make up the foundation of most investment portfolios, but alternative investments can offer a variety of ways to diversify, says one Utica wealth-management professional. “There’s this whole other universe of ways to make money,” says David K. Griffith, owner of D.K. Griffith
Strategic Financial lead advisor, Mattacola, earns CFP designation
UTICA, N.Y. — Strategic Financial Services, Inc., an independent wealth-management firm based in Utica, recently announced that Gregory Mattacola, has achieved his CFP designation from the Certified Financial Planner Board of Standards, Inc. This important industry credential is awarded to individuals who successfully complete the CFP Board’s educational curriculum and then a comprehensive exam. It
DiNapoli: Local sales-tax collections rise nearly 16 percent in April
ALBANY, N.Y. — Local government sales-tax collections increased 15.7 percent in April compared to the same month in 2021. That’s according to an analysis that New York State Comptroller Thomas DiNapoli released May 18. Overall, local collections totaled $1.7 billion, up $232 million from April of last year. Nearly every county generated “significant” year-over-year growth
Comptroller audit finds SUNY schools did not follow residency requirements
ALBANY, N.Y. — A recent survey found that seven State University of New York (SUNY) campuses, including ones in Binghamton and Syracuse, did not uphold in-state residency requirements so that only eligible students received the benefit of the lower in-state tuition, according to New York State Comptroller Thomas P. DiNapoli. SUNY is the nation’s largest
TSA checkpoint at Syracuse airport using new 3D scanners to improve explosives detection
SYRACUSE, N.Y. — The U.S. Transportation Security Administration (TSA) is using new technology for explosives-detection capabilities for screening carry-on items at Syracuse Hancock International Airport.
Demolition of former Charlestown Mall in Utica begins
UTICA, N.Y. — The U.S. Environmental Protection Agency (EPA) is demolishing the former Charlestown Mall site located on the border of the Utica and the
State’s ConnectALL initiative providing high-speed broadband service to four rural communities
SHERBURNE, N.Y. — Four rural upstate New York communities are part of the state’s ConnectALL pilot initiative, bringing broadband internet access to more New Yorkers
CenterState CEO’s Robert Simpson to serve on Empire State Development board of directors
The New York State Senate has confirmed the nomination of Robert Simpson to serve on the Empire State Development board of directors. Simpson is president
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