The Progressive Accountant

Gilman+Ciocia Hearing Set

gilmanA hearing before an administrative law judge has been scheduled for December 12 to weigh allegations of fraudulent sales of variable annuities made against Gilman+Ciocia  as a result of cease-and-desist proceedings instituted by the SEC against the company’s executives and other current and former registered representatives with the organization’s Prime Capital Services subsidiary. The information was contained in Gilman’s 10-Q form filed with the SEC on Friday.
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Morningstar Still Mulling Credit-rating Biz

MorningstarMorningstar continues to evaluate creating a credit-rating business, although the financial services company came no clearer to providing specifics than it has in previous statements. This time, the company talked about the possibility in a monthly series of questions that it files with its SEC documents. The company says it is also looking for ways to strengthen its fixed-income analytical abilities.

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Thomson Debuts Next Generation Software

Jon BaronDEXTER, Mich.  - Thomson Reuters Tax & Accounting moved towards its next generation product line with the announcement of Accounting CS, a combination of write-up and payroll, and Virtual Client Office, a client portal system to enable accounting professionals to deliver software tools to their clients from firms' Web sites. The plans were detailed by Jon Baron, president of tax and accounting's Professional Software & Services, at the unit's 29th Annual Users' Conference. The company is on a pace similar to its rival CCH which has also announced its next generation system this fall.

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