
New Oak Park business initiative harnesses Fourth festivities for First Fridays
First Fridays, a brainchild of the Oak Park-River Forest Chamber of Commerce, is intended to celebrate communities outside the major hubs in the communities and show off what treasures neighborhoods have been keeping secret.
The first one launched July 4 at Chicago Austin with a brass band, a bounce house and ice cream after Oak Park's Independence Day Parade and a brief rainstorm. The city blocked off Chicago Avenue between Lombard and Humphrey avenues, as throngs of visitors strolled the streets, and local store owners marveled at the crowds that were unusual for the area.
'I think it's something that I've been wanting for the last eight years I've been here,' said Jimmie Wallace, the owner of Demiurge Clothing at 116 Chicago Ave.
Wallace said he's been a longtime community booster but his neighborhood has been slow to get much action. The July 4 celebration made the street come alive, he said.
'I'm seeing community,' he said. 'I'm seeing people out in the street enjoying themselves and there's positive energy.'
Visitors, too, loved it.
'We live in the neighborhood and we heard about it and it's a great way to get the energy out with this slate of kiddos,' said Angie Gaffney, with her daughter in tow, along with neighbors and their three kids.
Along Chicago Avenue, kids waited for cotton candy and face painting and, down the street from Wallace, adults stood in a line out the door to get a cup of coffee from Daly Bagel. The scene is exactly what event organizers had in mind.
'We wanted to give attention to the business districts beyond the ones everyone knows,' explained Mark Walden, the programming manager for the chamber. He said the Oak Park area has 12 different districts — some of them are already well known and others have their own organizations that host their own shopping events and festivals. The First Fridays events — held the first Friday of July, August, September and October — will highlight the others.
Those events will be Aug. 1 at Madison Street, Sept. 5 at Southtown and Oct. 3 at Pleasant District. While the July event was held during the day due to the holiday, future First Fridays will take place in the evening.
Melissa Mallison, the chamber's director of programming and membership, said businesses throughout the districts welcome the prospect of boosted visibility.
'People are delighted,' she said. 'The businesses we talked to were thrilled to get the foot traffic. And it's all areas that don't have an organized arts alliance.'
Information is at www.firstfridaysoakpark.org/.
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Business Wire
2 hours ago
- Business Wire
CFP Board Promotes Public Trust With 11 Actions
WASHINGTON--(BUSINESS WIRE)--Certified Financial Planner Board of Standards, Inc. (CFP Board), a nonprofit organization with more than 100,000 CFP® professionals, today announced actions taken to uphold its ethical standards, imposing sanctions on 11 individuals. CFP Board is a professional body that has adopted a Code of Ethics and Standards of Conduct (Code and Standards) that benefits and protects the public and advances financial planning as a distinct and valuable profession. The Code and Standards requires that a CFP® professional meet certain duties when providing professional services to a client, and to refrain from engaging in other misconduct that reflects adversely on their integrity or fitness as a certificant, on the CFP® marks or on the profession. CFP® professionals make a commitment to CFP Board to abide by the Code and Standards, and their compliance reinforces the integrity of the CFP Board certification marks. CFP Board does not guarantee a CFP® professional's services, but it may sanction a CFP® professional who fails to uphold their commitment. Information about how CFP Board addresses ethical issues involving CFP® professionals and those pursuing initial CFP® certification is available at At the public can verify an individual's CFP® certification status. CFP Board also provides links to other sources of information about CFP® professionals that may be more recent or that may contain information that has not led to CFP Board discipline and does not appear on CFP Board's website, such as the Financial Industry Regulatory Authority's (FINRA's) BrokerCheck and the U.S. Securities and Exchange Commission's (SEC's) Investment Adviser Public Disclosure databases for individuals who are subject to FINRA or SEC oversight. CFP Board is not a federal, state or self-regulatory organization, and it does not sanction financial services firms. The Public Sanctions on 11 Individuals STATE NAME LOCATION SANCTION Maryland Gordon S. Wallace, CFP® Annapolis Public Censure Florida Mark Monkarsh Tampa Suspension Illinois Robert D. Lyman Barrington Suspension Kentucky Michael H. Gross Louisville Suspension New Jersey Danny Z. Spiegel Ocean Suspension Oregon Timothy D. Clairmont Portland Suspension Texas Todd L. Luft The Woodlands Suspension California Brian P. Colla Corona Temporary Bar Florida Christopher A. Hynes Punta Gorda Temporary Bar North Carolina Basil Marchi Raleigh Temporary Bar Pennsylvania John A. Dougherty Blue Bell Revocation Expand PUBLIC CENSURE MARYLAND Gordon S. Wallace, CFP® (Annapolis, Maryland): In December 2024, the Disciplinary and Ethics Commission (Commission) issued an order imposing a public censure on Mr. Wallace for violating CFP Board's Code and Standards. The order cites a March 2023 Letter of Acceptance, Waiver and Consent (AWC) that Mr. Wallace entered with the Financial Industry Regulatory Authority, Inc. (FINRA) in which he consented to a 10-day suspension and a $5,000 fine for violating FINRA Rule 2010, which requires registered persons, in the conduct of their business, to observe high standards of commercial honor and just and equitable principles of trade. In the AWC, Mr. Wallace consented to findings that in late May 2021, he and others, at his direction, photographed electronic account information for approximately 135 customers in anticipation of joining another firm. The AWC states that Mr. Wallace retained the information — including customer names, birth dates, account numbers and Social Security numbers—until his new firm secured and returned the information unused. The former firm named Mr. Wallace and others in an arbitration that he resolved in a confidential settlement. The Commission found that Mr. Wallace violated Standards A.8.a, A.9.c and D.2.a of the Code and Standards, which state that a CFP® professional must comply with the laws, rules and regulations governing professional services; must take reasonable steps to protect the security of non-public personal information about any client; and will be subject to discipline by CFP Board for violating policies and procedures of the CFP® professional's firm. The Commission's order was effective January 20, 2025. Read the order: Case History 44120. SUSPENSION FLORIDA Mark Monkarsh (Tampa, Florida): In May 2023, CFP Board's Appeals Commission issued an order suspending Mr. Monkarsh's right to use the CFP Board certification marks for one year and one day based on his violation of Rule 6.5 of CFP Board's Rules of Conduct. The order affirmed a November 2022 decision by CFP Board's Disciplinary and Ethics Commission finding that Mr. Monkarsh had engaged in conduct reflecting adversely on their integrity or fitness as a certificant, on the CFP® marks or on the profession when he failed to pay or file timely returns for federal taxes he owed from 2011 to 2017. The November 2022 decision cites four federal tax liens totaling more than $577,000 issued against Mr. Monkarsh, who owed more than $1.13 million to the Internal Revenue Service (IRS), including accrued interest and penalties. In its decision, the Appeals Commission found that the Disciplinary and Ethics Commission did not abuse its discretion when it deviated upward from the applicable sanction in the Sanction Guidelines (public censure) but did abuse its discretion by imposing a three-year suspension on Mr. Monkarsh. Mr. Monkarsh's suspension was effective from April 17, 2024, through April 17, 2025. Read the order: Case History 33150. ILLINOIS Robert D. Lyman (Barrington, Illinois): In May 2025, counsel to the Disciplinary and Ethics Commission (Commission) issued an order suspending Mr. Lyman's CFP® certification after he failed to meet the terms of a consent order approved by the Commission in April 2022. The consent order settled a CFP Board complaint filed against Mr. Lyman involving $644,000 in tax liens the Internal Revenue Service (IRS) imposed on him for failing to pay federal income taxes over several years. CFP Board alleged that the liens demonstrated Mr. Lyman's inability to manage his personal finances and violated Rule 6.5 of CFP Board's Rules of Conduct, which prohibits a CFP® professional from engaging in conduct that reflects adversely on their integrity or fitness as a certificant, on the CFP® marks or on the profession. Mr. Lyman agreed in the consent order that he would certify annually to CFP Board that he was not the subject of any new tax liens but was unable to do so after the IRS and state tax authorities imposed approximately $280,000 in new tax liens against him starting later in 2022. His failure to comply with the terms of the consent order is considered a default under Article 4.1 of CFP Board's Procedural Rules. Based on a determination of the seriousness, scope and harmfulness of Mr. Lyman's conduct, enforcement counsel filed a motion for an administrative order of suspension, which counsel to the Commission granted on May 1, 2025. The suspension is effective from June 2, 2025, until Mr. Lyman is deemed eligible for reinstatement under Article 4.6 of the Procedural Rules. Read the order: Case History 44766. KENTUCKY Michael H. Gross (Louisville, Kentucky): In May 2025, the Disciplinary and Ethics Commission (Commission) issued an order suspending Mr. Gross's CFP® certification and right to use the CFP® marks for three months. The Commission's order cites a February 2023 agreement Mr. Gross entered with Kentucky state regulators requiring him and his advisory firm to pay a $7,400 fine and to remediate deficiencies observed during a routine compliance examination. The Kentucky order describes several books and records violations and a breach of fiduciary duty under the Kentucky securities laws based on findings that Mr. Gross's firm made impermissible guarantees to existing and potential clients on its YouTube channel, charged a client an unreasonable advisory fee on assets held solely in cash, failed to maintain executed advisory contracts, and did not file timely and accurate Forms U4 and ADV. In its order, the Commission found that Mr. Gross violated Standard A.1 of CFP Board's Code and Standards, requiring a CFP® professional to act as a fiduciary and in the best interests of the client at all times when providing financial advice; Standard A.2.b, prohibiting a CFP® professional from making any untrue or misleading statement of a material fact when providing professional services; and Standard A.8.a, requiring a CFP® professional's compliance with all laws, rules and regulations governing professional services. Mr. Gross's suspension is effective from June 9, 2025, through September 8, 2025. Read the order: Case History 45294. NEW JERSEY Danny Z. Spiegel (Ocean, New Jersey): In May 2025, a hearing panel of the Disciplinary and Ethics Commission (Commission) found it in the public interest to impose on Mr. Spiegel an interim suspension of his CFP® certification and right to use the CFP® marks during the pendency of related enforcement proceedings. In its petition for the interim suspension, CFP Board's enforcement counsel cited a January 2025 cease-and-desist order entered by the Securities and Exchange Commission (SEC) against Mr. Spiegel for violating Section 15(a) of the Securities Exchange Act of 1934 by selling membership interests in limited liability companies without associating with a registered broker-dealer. The SEC's order, entered with Mr. Spiegel's consent, imposed on him a six-month suspension from associating with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or nationally recognized statistical rating organization; a six-month suspension from participating in any offering of a penny stock; disgorgement of $142,083; and a civil penalty of $40,000. The CFP Board suspension was effective on May 12, 2025. Read the order: Case History 47584. OREGON Timothy D. Clairmont (Portland, Oregon): In June 2024, CFP Board's Appeals Commission affirmed a December 2023 decision by the Disciplinary and Ethics Commission (Commission) suspending Mr. Clairmont's right to use the CFP® certification marks for two and a half years. In its 2023 order, the Commission found that Mr. Clairmont breached his fiduciary duty under Rule 1.4 of CFP Board's Rules of Conduct and failed to exercise reasonable and prudent professional judgment under Rule 4.4 when he failed to plan for the significant taxes his client incurred on the sale of assets the client had inherited, instead recommending that the client purchase illiquid investments. As a fiduciary providing financial planning, Mr. Clairmont had an obligation to comply with Practice Standard 400-2 of CFP Board's Financial Planning Practice Standards, which requires a CFP® professional to develop recommendations to reasonably meet the client's goals, needs and priorities. The Commission found that Mr. Clairmont failed to fully investigate and set aside funds for his client's tax liability and to appropriately determine the client's required cash flow in relation to her need for immediate income. The Commission also found that Mr. Clairmont violated Rule 6.2 of the Rules of Conduct when he intentionally made a misstatement to CFP Board on his April 2020 Ethics Declaration by answering 'No' to a question asking if he had ever been named a respondent in an arbitration. The order notes that six months earlier, Mr. Clairmont had settled an arbitration claim filed against him by the same client. Mr. Clairmont's suspension is effective June 4, 2025, through December 3, 2027. Read the order: Case History 33677. TEXAS Todd L. Luft (The Woodlands, Texas): In April 2025, counsel to the Disciplinary and Ethics Commission issued an order immediately suspending Mr. Luft's CFP® certification and right to use the CFP® marks based on his February 2025 suspension by the Financial Industry Regulatory Authority, Inc. (FINRA). FINRA suspended Mr. Luft from associating with any FINRA member after he failed to comply with an arbitration award directing him to pay more than $500,000 to his former firm for not meeting obligations under promissory notes he had signed. The CFP Board order, effective April 21, 2025, suspends Mr. Luft during the pendency of related enforcement proceedings. Read the order: Case History 47717. TEMPORARY BAR CALIFORNIA Brian P. Colla (Corona, California): In May 2025, the Disciplinary and Ethics Commission (Commission) issued an order denying Mr. Colla's petition for a determination that he is fit for CFP® certification and barring him from applying for CFP® certification for two years. Mr. Colla was required to file his petition after disclosing to CFP Board that he had filed for Chapter 7 bankruptcy protections in October 2001 and again in April 2024. In reaching its determination, the Commission noted that although Mr. Colla's first bankruptcy occurred over 20 years before he entered the financial services industry, his most recent bankruptcy was discharged only one month before he filed his petition. While the second bankruptcy was due in part to unforeseen business challenges arising from the COVID pandemic, the Commission found it too soon to conclude that Mr. Colla had adequately demonstrated an ability to manage his financial affairs. The bar is effective from June 20, 2025, through June 19, 2027. Read the order: Case History 46512. FLORIDA Christopher A. Hynes (Punta Gorda, Florida): In April 2025, Mr. Hynes entered into a consent order with the Disciplinary and Ethics Commission (Commission) barring him from CFP Board certification and the right to use the CFP Board certification marks for one year and a day. The order describes a recommendation Mr. Hynes made to his clients, a Massachusetts couple, to invest in 'structured cash flows' offered by an issuer purporting to sell the rights to pension payments owed to federal employees. The couple, who in February 2016 purchased approximately $87,000 of the structured products, had discussed with Mr. Hynes their need for a stream of cash flow to cover the first phase of their retirement. Mr. Hynes, a lawyer, told the couple that he had conducted extensive due diligence into the issuer of the structured cash flow product he was recommending, including his review of a memorandum discussing the propriety of the issuer's purchase of pension payments under federal law. The clients' purchase agreement for the product states that payments were in fact illiquid and not guaranteed, and that they were subject to 'unsettled' law and increasing scrutiny by state regulators. In 2018, the clients stopped receiving monthly payments, and the issuer was later determined to have orchestrated a Ponzi scheme. In 2022, Massachusetts securities regulators investigated the circumstances around the clients' investment and entered a consent order with Mr. Hynes in which he agreed that he had violated state law by transacting business in the state without being properly registered. Massachusetts barred Mr. Hynes from seeking registration in the state for five years and ordered him to pay approximately $50,000 in restitution, a $25,000 fine and disgorgement of the referral fee he had earned on the transaction. Mr. Hynes's consent order with the Commission cites several violations of CFP Board's Rules of Conduct, including Rule 1.4, for failing to meet his fiduciary duty of care when engaging in financial planning; Rule 4.5, for recommending an investment that was not suitable for his clients; Rule 4.3, for failing to comply with applicable regulatory requirements governing the professional services he provided to his clients; and Rule 6.5, for engaging in conduct that reflects adversely on his integrity or fitness as a certificant, on the CFP® marks or on the profession. The bar is effective from April 30, 2025, through April 30, 2026. Read the order: Case History 45210. NORTH CAROLINA Basil Marchi (Raleigh, North Carolina): In May 2025, the Disciplinary and Ethics Commission (Commission) issued an order denying Mr. Marchi's petition for a determination that he is fit for CFP® certification and barring him from applying for certification for three years. In his May 2024 application for CFP® certification, Mr. Marchi disclosed tax liens and other conduct presumed to bar him from being certified. In February 2016, the Internal Revenue Service (IRS) began imposing liens on Mr. Marchi covering multiple tax years dating back to 2005. In all, the IRS imposed more than $900,000 in liens for unpaid federal taxes, fines, penalties and fees. North Carolina tax authorities filed separate liens related to Mr. Marchi's unpaid state taxes. His firm terminated him in August 2016 for failing to report the liens, and in March 2017, Mr. Marchi entered a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority, Inc. (FINRA) suspending him for six months and fining him $10,000 for failing to disclose the liens on his FINRA registration. Mr. Marchi filed for bankruptcy in early 2018. At the time of his hearing, Mr. Marchi had not paid his FINRA fine and had $50,000 in outstanding federal tax liens, which he intended to pay under an installment plan with the IRS. In addition to imposing a three-year bar, the Commission's order conditions Mr. Marchi's eligibility for CFP® certification on his having satisfied all outstanding liens and paid his FINRA fine. Mr. Marchi's bar is effective from June 2, 2025, through June 1, 2028. Read the order: Case History 46708. REVOCATION PENNSYLVANIA John A. Dougherty (Blue Bell, Pennsylvania): In May 2025, counsel to the Disciplinary and Ethics Commission (Commission) issued an administrative order revoking Mr. Dougherty's CFP® certification and permanently barring him from future certification after he indicated he would no longer participate in CFP Board's investigation into allegations made against him in a lawsuit filed in South Carolina state court. The lawsuit alleged that Mr. Dougherty breached his fiduciary duty and duty of care and failed to properly disclose conflicts of interest relating to investment recommendations he had made to a client, including that the client invest in a highly speculative business venture. Mr. Dougherty was already under an interim suspension issued in April 2024. By expressing his clear intention not to participate in CFP Board's investigation, Mr. Dougherty was in default under Article 4.1.b of its Procedural Rules. Enforcement counsel filed a motion for an administrative order revoking Mr. Dougherty's CFP® certification and permanently barring his future certification based on a determination of the seriousness, scope and harmfulness of his conduct. Counsel for the Commission granted the motion on May 30, 2025. The order was effective on June 30, 2025. Read the order: Case History 46471. ABOUT CFP BOARD CFP Board is the professional body for personal financial planners in the U.S. CFP Board consists of two affiliated organizations focused on advancing the financial planning profession for the public's benefit. CFP Board of Standards sets and upholds standards for financial planning and administers the prestigious CERTIFIED FINANCIAL PLANNER® certification — widely recognized by the public, advisors and firms as the standard for financial planners — so that the public has access to the benefits of competent and ethical financial planning. CFP® certification is held by more than 100,000 people in the U.S. CFP Board Center for Financial Planning addresses diversity and workforce development challenges and conducts and publishes research that adds to the financial planning profession's body of knowledge.


USA Today
3 days ago
- USA Today
Free PreCheck, separate lane for these families as TSA adds new perks
Military families have new perks at the airport, the Transportation Security Administration announced this month. Gold Star family members who have lost a loved one in U.S. military service can now enroll in TSA PreCheck, which offers expedited security screening, for free. Spouses of military and uniformed service members can also get a $25 discount on their enrollment fee. Those fees currently range from $76.75 to $85 depending on the enrollment provider travelers choose, according to TSA's website. Eligible travelers can find enrollment instructions on TSA's website. The agency also said military members 'at select airports near larger military installations' can get expedited access in PreCheck lanes. 'This Independence Day and beyond, TSA reaffirms its commitment to ease travel for the military community through its TSA PreCheck program by providing it free to Gold Star families, discounting it for military spouses and creating expedited lanes for service members,' TSA Acting Administrator Ha Nguyen McNeill said in an early July news release. 'By expanding access, easing enrollment and partnering with our TSA PreCheck enrollment providers and industry partners, we strive to honor those who serve and the families who stand beside them.' The following airports have military lanes: Those aren't the only changes TSA has made in recent weeks. The agency ended its shoe-removal policy in early July, and Homeland Security Secretary Kristi Noem hinted days later that the agency may change its policy on liquids, which are largely restricted to 3.4 ounces per container in carry-ons.


Business Upturn
4 days ago
- Business Upturn
GoldUSD Coin Vows to Put the US Dollar Back on the Gold Standard—Launched This 4th of July
San Francisco, California , July 21, 2025 (GLOBE NEWSWIRE) — GoldUSD Coin (GLDUSD) officially launched on Independence Day, bringing an innovative and stable digital currency solution backed directly by physical gold reserves. Released symbolically on July 4th, GoldUSD Coin represents a bold commitment to reviving the gold standard through modern blockchain technology. GoldUSD Coin backed by gold 'GoldUSD isn't just backed entirely by physical gold; we've enhanced protection with a secondary layer of backing in productive farmland,' stated Shawn Debbad, Founder & CEO. 'This Fourth of July, we declare independence—not just from tyranny, but from fiat.' Solving the Volatility Problem: GoldUSD Coin provides an unmatched passive yield of 1% per month (12.68% annually), offering investors steady growth without the need for staking. These consistent returns are achievable through gold's historical appreciation rate of 7.8% annually over the past 50 years, combined with a unique structure where 50% of all transaction fees are redistributed directly to GoldUSD holders. Secure and Transparent Backing: Each GoldUSD token is secured by tangible, audited gold reserves, offering unmatched stability and real-world value compared to traditional fiat and cryptocurrencies. Regular independent audits by major accounting firms guarantee transparency, and quarterly reports are publicly accessible to all investors. Investors no longer need to choose between stability and profitability—GoldUSD Coin confidently delivers both, redefining digital assets with security, transparency, and solid returns. Get the Whitepaper: To access comprehensive details about GoldUSD Coin's innovative structure and gold-backed mechanism, subscribe at Secure Your Opportunity Now: With significant investor interest, GoldUSD Coin's availability at launch is highly limited. Early subscribers will be the first notified to lock in their tokens. Sign up at the official website. Follow on X: @goldusd For Crypto Exchanges: Exchanges interested in listing GLDUSD can contact Shawn Debbad directly at [email protected] Contact:Shawn Debbad, Founder & CEOGoldUSD Foundation [email protected] | (213) 334-1441