Financial Friday on KLAV 1230 AM Las Vegas, NV Streaming radio, live on the Internet. Click here to listen to the live show http://www.klav1230am.com/Shows/FinancialFridays.html Friday, Aug 31 at 3:39 to 3:54 PST Host Leonard C. Wright, CPA/PFS will interview Robert Green, CPA about: ⢠Hedge Ads Get Green Light (WSJ). http://online.wsj.com/article/SB10000872396390444914904577619263665991298.html The SEC just voted not to hamper the positive provisions of the Jobs Act of 2012, which allows investment advisers to advertise their hedge funds to the public. Pundits call it the 'FaceBook catch-up decision' as it modernizes regulation to keep up with social media, helping "emerging growth companies (EGC)" before going public. After finalization of the new SEC rules, starting in late September, it's expected that advisers will be able to market their hedge funds to the public, but they only can sell them to accredited investors. http://www.sec.gov/news/press/2012/2012-170.htm ⢠New IRS cost-basis reporting in 1099-Bs has been a huge problem on 2011 tax filings for securities traders and investors. What's the latest? ⢠ObamaCare's Medicare tax hikes on earned and unearned income start Jan. 1, 2013. What should traders and investors be aware of for tax planning purposes? Green just wrote an article for Active Trader Nov. 2012. A version should appear on our blog soon. ⢠What's Green's latest prediction for what might happen with the Bush-era tax cuts? How should traders and investors handle their year-end tax planning with this uncertainty?