Wealth Advisers Torn Over Taking Small-Business Aid

June 2020

Authors

Amit Singh, a shareholder in Stradling’s Corporate and Securities practice group and a member of the firm's Mergers & Acquisitions and Emerging Growth practice groups, was quoted in an article published by The New York Times, “Wealth Advisers Torn Over Taking Small-Business Aid” discussing how independent wealth management firms that accepted loans from a government relief program are now facing issues from those that declined the money. “But pressure has mounted for wealth management firms to disclose whether they received aid, said Singh. “Disclosing the loan doesn’t necessarily say your business was terrible,” he said. “Even if it may not be a legal obligation to disclose what you might ultimately need it for, it will be bad politically not to.”

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