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About half those payments, which totaled $5.5 billion, went to deceased individuals, according to the Treasury, which analyzed such data through mid-July. The rest were issued to dependents, nonresidents, and others who erroneously received duplicate payments.
About 59,500 of those payments to the deceased, worth $72 million, had been voluntarily returned by Oct. 1, according to the report.
They constitute the vast majority of the total 65,447 total stimulus checks (worth $80 million) that Americans returned to the federal government.
The CARES Act based payment eligibility on 2018 or 2019 tax returns, whichever was most recently available to the IRS. But Americans may have died after those tax returns had been filed especially as the coronavirus pandemic began to spread across the U.S.
United-statesAmericansKenneth-corbinTreasury-departmentGovernment-accountability-officeImpact-paymentsPersonal-financeGreat-recessionCoronavirusInanceLegislationPersonal-financeFINRA has recently taken steps to advance diversity and inclusion in the broker-dealer industry.
Regulatory Notice 21-17
On April 29, 2021, FINRA issued Regulatory Notice 21-17, seeking comments on supporting diversity and inclusion in the broker-dealer industry.
1 FINRA stated that it is committed to supporting efforts by the industry to foster diversity, inclusion and equal opportunity. The request for comment noted that regulatory agencies such as FINRA have an opportunity to evaluate how their rules and actions may have unintended disparate impacts on those within the industries they regulate and how they may unintentionally impede diversity and inclusion. It enumerated various initiatives FINRA has undertaken to foster greater diversity, inclusion and equal opportunity, including establishing an internal Racial Justice Task Force, hosting an Annual Diversity Summit, creating diversity-focused programming at the FINRA Annual Conference, expanding eligibility for the Securitie
Kenneth-corbinEileen-murrayRobert-cookAl-barbarinoExchange-commissionRacial-justice-taskSecurities-industry-regulatory-council-on-continuing-educationNasdaq-stock-marketEversheds-sutherlandNasdaqRegulatory-noticeRacial-justice-task-force