The Dodd-Frank Wall Street Reform and Consumer Protection Act impacted many investment advisers who previously were not registered.
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The U.S. Supreme Court recently denied an employer’s request for review of a decision by the U.S. Court of Appeals for the Eighth Circuit, which held that tipped employees spending more than 20 percent of their time performing related but non-tipped duties must be paid the full minimum wage for that time, without the tip credit.
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