In 2013 the National Academy of Public Administration (NAPA) was commissioned to study and report on the impact of mandatory online report posting under the STOCK Act. Our principals were consulted as financial disclosure subject matter experts on behalf of the federal judiciary. The STOCK Act is now being revisited following a recent Wall Street Journal publication, particularly with regard to transactions. For a link to the original NAPA report, click here.
The concept for Financial Disclosure Resources, LLC originated with George Reynolds and Cathie Jackson, former Counsel and Deputy Counsel to the U.S. Judicial Conference Committee on Financial Disclosure. With more than 35 years of combined experience, they have handled thousands of reports and tackled the toughest questions from judges and other judiciary filers nationwide. Now, as a member of FDR's Advisory Board and as FDR's Director of Legal Services, respectively, they lend that expertise to the private sector.
In addition to our legal staff, the FDR team includes a tax professional who coordinates with brokers and leads our document management section, a technology specialist with expertise in electronic databases and computer security, a CPA candidate and five reports specialists who address report preparation and auditing, a financial consultant who advises on new investment formats such as crypto currencies, and an administrative staff to provide logistical and scheduling support and to track each client's report status throughout the filing process.
Financial disclosure reporting requirements are derived from the Ethics in Government Act
of 1978, but EGA isn't the only ethics statute that governs the federal judiciary. The recusal provisions of 28 U.S.C. § 455 are similar, but not identical, to the reporting requirements of EGA, so recusal lists aren't interchangeable with Part VII. The Judicial Reform Act of 1989 addresses outside earned income restrictions, but "acceptable" income can seem at odds with "reportable" income. Moreover, given the varied travel reporting requirements between EGA, private seminars, and non-case related travel, consistent reporting doesn't ensure accurate reporting. No worries. Our experts can help you piece it all together.
Our experts have taught numerous classes, conferences, and seminars on this topic, including
Federal Judicial Center Phase I and Phase II programs, Judicial Secretaries and Judicial Assistants Jumpstart sessions, Federal Defenders and Administrators National Conferences, educational programs for individual circuits, and special sessions for the Tax Court and the Supreme Court. They have worked with the White House and the Department of Justice to
handle the financial disclosure reports of nominees to the Supreme Court, Circuit Courts, District Courts, Court of Veterans Appeals, Tax Court, and Sentencing Commission, and they have helped nominees with getting their reports and net worth statements filed, closed, and through
the governing Senate Committees. They helped design the software used to prepare reports, including the self-auditing function. They also witnessed deployment of the Financial Disclosure Online Reporting System. In short, they know these tools and can make them work for you.
There's more to reporting than copying a brokerage statement. It's knowing how to handle 401(k) account transfers, deferred income, and even that trip to Milwaukee when you spoke at the ABA Conference. How do you report what's required without creating an unnecessary security risk? We know.
Financial Disclosure Resources, LLC