Gilman Gets Fines Reduced
- Monday, 01 October 2012
- News
Fines and legal costs took a bite out of Gilman Ciocia's cash during the year ended July 31. However, the financial planning and tax preparation firm was successful in getting proposed fines substantially reduced in Florida, where it has faced ongoing legal issues regarding variable annuities sold a few years ago. Meanwhile, the company was able to sharply cut its losses for fiscal 2012, although revenue dropped slightly.
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