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NRF applauds Senate vote on Marketplace Fairness Act
New York -- The National Retail Federation applauded a Senate vote to proceed with debate on S.743, an act to level the sales tax field for online and brick-and-mortar stores.
NRF president and CEO Matthew Shay issued the following statement: “NRF applauds today’s Senate vote on the Marketplace Fairness Act and we commend Senators Enzi, Durbin, Alexander and Heitkamp for their skilled leadership in moving this legislation ahead.”
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Former retail exec Begelman charged with insider trading
NEW YORK — A Monday report by Forbes said that former retail executive Mark Begelman has been charged with profiting off confidential information.
The SEC leveed insider trading charges against Begelman for allegedly using confidential information for his own gain, concerning the upcoming acquisition of Bluegreen Corp. by BFC Financial Corp. Begelman was COO for Office Depot, but left the company in 1995 to found Markee Recording and Rehearsal, a company geared toward musicians.