A wash trade is an illegal, fake transaction on a swap execution facility (SEF). These trades are prohibited because they can be used to distort the economics of a legitimate SEF. Yet very similar, legal activity can be helpful for testing a newly-created software for virtual currency trading platform. TeraExchange, LLC was prosecuted by the ... [Read more]
Insights and Analysis
April 17, 2018 was #taxday all across the U.S. Now, that day is one day later due to IRS computer systems crashing. Federal taxes, paid through the Internal Revenue Service (IRS) and many state and local taxes were due by the end of the day on the 17th. The IRS, by far the biggest tax ... [Read more]
♥ Happy 2018 International Women’s Day! ♥ Always shine. This world is a better place because you are in it. With best wishes, The ALFI Team