Rich May, P.C.

Last weekend, Rich May attorney Joseph Wang completed his 27th summer season with the Boston Symphony Orchestra’s Tanglewood Festival Chorus.
Over the years, Joseph has had the honor of performing with world-renowned musicians at prestigious venues including Boston’s Symphony Hall, Carnegie Hall, Tanglewood, and even Fenway Park.
Congratulations, Joseph, on another successful season.

SEC-registered investment advisers and broker-dealers are under heightened scrutiny as the SEC recently imposed $392 million in penalties across several firms for failing to adequately preserve electronic communications, including text and WhatsApp messages.
This underscores the critical importance of maintaining compliant recordkeeping practices to avoid severe regulatory consequences.
What do you need to know to ensure your firm remains compliant: https://buff.ly/4g1AIge

Congratulations to Eric Krathwohl on 45 Years at Rich May!

We proudly celebrate Eric Krathwohl, a dedicated shareholder, for his incredible 45 years of service. Eric’s expertise in business, corporate, contract, and finance matters, particularly in infrastructure and utility transactions, has been invaluable. His work in energy and telecommunications, facility siting, development, power contracts, and regulatory proceedings has shaped critical policies in Massachusetts and the Northeast U.S.

Eric has received numerous awards and honors, including being named Member of the Year by the Solar Energy Business Association of New England in 2019. He has also been named a “New England Super Lawyer” by Thomson Reuters, a “Top Lawyer” by Boston Magazine, and has received the highest ranking from Martindale-Hubbell Law Directory (AV). He has also served as co-chair of the NECA Retail Markets Committee since 2015.

Join us in celebrating Eric’s remarkable career and contributions to our firm and the legal community. Here’s to many more years of success!

Rich May proudly congratulates attorneys Tom Bilodeau, David Glod, Danielle Justo, and Chris Hynes for their well-deserved recognition in the 2025 edition of The Best Lawyers in America®.

Eric Krathwohl and the Rich May team, along with RH White Construction, successfully raised $84,936.99 for cancer research and treatment through the Pan Mass Challenge (PMC) earlier this month.

A heartfelt thanks to all who contributed; your generosity brings hope to those battling this devastating disease. Every donation propels us closer to a cure.

New Massachusetts Law Requires Salary Range Disclosure in Job Postings:

Effective July 31, 2025, this law mandates that employers with 25+ employees in Massachusetts disclose salary ranges in job ads, promotions, and transfers.

Jonathan Loeb breaks down the key points here:

New Massachusetts Law Requires Employers to Disclose Salary Range in Job Postings - Rich May, P.C. On July 31, 2024, Governor Maura Healey signed into law An Act Relative to Salary Range Transparency (H.4890), which aims to provide “equity and transparency in pay by requiring employers…

We are thrilled to share that our dedicated attorney, Yana Zheng, has been recognized in Kids in Need of Defense (KIND)'s Pro Bono Attorney Spotlight. Yana has volunteered her time and expertise to provide essential legal services to unaccompanied and separated children, making a profound impact on their lives.
Read her full interview here: https://buff.ly/4fkQNgy
Kids in Need of Defense (KIND)

Yana Zheng recognized for exemplary pro bono work - Rich May, P.C. Kids in Need of Defense (KIND) is the preeminent international nongovernmental organization devoted to the protection of unaccompanied and separated children. Rich May attorney Yana Zheng volunteers her time for…

Thursday, June 6th, Team Rich May once again walked/ran in the Lawyers Have Heart 5K, which supports the American Heart Association. Lawyers Have Heart brings together attorneys and legal professionals in the Boston Area. Rich May supported our colleague, Anthony McGuinness, who had successful heart surgery in March 2023. Rich May runners joined in supporting Attorney McGuinness again this year!

Tony was the second highest fundraiser out of 1,780 total, he raised $3,965.69 for the cause. All 13 runners and walkers on Team Rich May made a strong showing!

Team Members:
James Heffernan
Dave Glod
Ashley Berger
Aurora Sullivan
Claire Grace
Jessica Mann
Scott Stokes
Siobhan Egan
Kennedy Cameron
Yelitza Montesino
Martha Boland
Diana Alsabe
Theodore Lund
Kateri McGuinness
https://buff.ly/4ckTY5t

Rich May, P.C. is pleased to announce that Yelitza Montesino has joined the Firm as its Summer Associate. Yelitza has recently completed her second year at BU Law School. Tommy Madden and Gennie Littlejohn have joined as Summer Interns. Tommy graduated from Belmont Hill School and just completed his sophomore year at University of Richmond. Gennie graduated from Cohasset High School and just completed her junior year at Colby College. Tommy and Gennie are both interested in learning more about the legal profession. Welcome to Yelitza, Tommy, and Gennie!

Rich May Welcomes Summer Associate and Summer Interns! - Rich May, P.C. Rich May, P.C. is pleased to announce that Yelitza Montesino has joined the Firm as its Summer Associate. Yelitza has recently completed her second year at BU Law School. Tommy Madden and…

Rich May P.C. is excited to welcome Shayla Foley to the firm. Shayla will be the paralegal for the Real Estate practice group. After graduating from Western New England University, Shayla worked at multiple firms in Boston. We look forward to working with Shayla.

We are thrilled to have Shayla join the Rich May team!

Rich May Welcomes Real Estate Paralegal - Rich May, P.C. Rich May P.C. is excited to welcome Shayla Foley to the firm. Shayla will be the paralegal for the Real Estate practice group. After graduating from Western New England University,…

We're lacing up our running shoes for a cause! Our Partner, Anthony McGuinness, and colleagues are proud to participate in the Lawyers Have Heart 5k again this year, supporting the American Heart Association.

One year after undergoing heart surgery, Anthony's inspiring journey is a testament to resilience, recovery, and the power of community.

Join us in cheering on Anthony, Dave Glod , James Heffernan, Ashley Berger, Aurora Sullivan, Claire Grace, Jessica Mann, Scott Stokes, Siobhan Egan, Kennedy Cameron, Yelitza Montesino, Martha Boland,
Diana Alsabe, Theodore Lund and Kateri McGuinness as they run to make a difference in countless lives.

Your support can help fund groundbreaking research and essential programs that save lives. Donate to the Rich May team and be a part of this impactful cause!

Donate here: https://bit.ly/45fyLrC

Lawyers Have Heart 5K [📷from 2023 race] American Heart Association

Big news for ma*****na businesses. The U.S. is moving towards reclassifying ma*****na from a Schedule I to a Schedule III drug. This significant shift could open up numerous opportunities for research and tax benefits. Learn more about what this change means for the industry and how it could impact your business in our latest blog post by Jonathan Loeb.

Ma*****na Rescheduling is Happening Sooner Rather Than Later - Rich May, P.C. The U.S. Drug Enforcement Administration approved an earlier opinion of the Department of Health and Human Services that would reclassify ma*****na from a Schedule I drug to a Schedule III…

Proud to be a Silver Donor for the City Kids Annual Gala! It was inspiring to see the community come together to raise a record-breaking $200,000 for underprivileged children. Dr. Sanjiv Chopra's keynote was a powerful reminder of why this work is so important.

We're proud to have played a role in helping Paraclete turn a new page while also supporting the creation of much-needed affordable housing in South Boston. Learn more about the people and organizations who made this possible, including our own Joseph Wang: https://bit.ly/4bbJ8Pg

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Rich May Congratulates Pro Bono Client Paraclete, Inc. - Rich May, P.C. Rich May congratulates pro bono client Paraclete, Inc. on its sale of McDevitt Hall at 207 E Street, South Boston at the end of April.  Paraclete had run after school…

What You Need to Know About the FTC’s Ban on Most Non-Competes:
The final rule, if it survives legal challenges, will impact workers at all levels, from minimum wage to the C-suite.

What You Need to Know About the FTC’s Ban on Most Non-Competes - Rich May, P.C. The Federal Trade Commission (“FTC”) issued a final rule this week that bans almost all non-competition agreements between employers and workers. But the rule is not scheduled to take effect…

Today, we celebrate our amazing Administrative Professionals. Their hard work and dedication keep our office running smoothly, and we couldn't do it without them. Thank you for all that you do!

James Heffernan, recently had the honor of guest lecturing at BU Questrom School of Business. James spoke to a class of eager students in the Real Estate Law course, led by Professor Gina Powers.

Through real-world scenarios, the students gained a deeper understanding of the legal landscape of real estate. Thank you to BU Questrom for welcoming us and to the students for their insightful questions and enthusiasm!

Questrom School of Business, Boston University

Judge Rya W. Zobel has been a trailblazer in the Massachusetts legal community
since her appointment to the United States District Court for the District of Massachusetts in 1979.

As one of the first women to serve in this capacity, she paved the way for future
generations of female judges in the state. Over her decades-long career on the bench, Judge Zobel has presided over numerous significant cases, contributing to the development of federal law and demonstrating a steadfast commitment to justice and the legal profession.

Serving as the first female Attorney General of Massachusetts from 2007 to 2015, Martha Coakley was known for her dedication to public service and her work in championing consumer protection, civil rights, and addressing public safety issues.

Coakley's career in law has been marked by her advocacy for victims of fraud, her efforts to combat human trafficking, and her initiatives to improve mental health services.

In honor of Women's History Month, we're shining a spotlight on some of the incredible women-owned or led businesses that we're proud to call our clients. They are leading the way in their respective industries and making a positive impact in our community and beyond.

• In Good Company PR - A storytelling powerhouse in public relations. Follow them at ingoodcompanypr.com In Good Company Public Relations

• MOIRA STUDIO - Where artistry meets ambition. Dive into their designs at moirastudio.com

• hithr- Pioneers of professional connectivity. Connect at hithr.com

• Boston Common Asset Management - Champions of responsible investment. Boston Common Asset Management

• M. Steinert & Sons - Celebrating Katherine Murphy, their strategic leader. M. Steinert & Sons

• Cathy Wang- Double the impact with Shen Gen Accounting, Tax, and Financial Services, LLC, and Built. Visit buff.ly/3Ps0wXd and buff.ly/3TuDz6K

• Connie Dai, Esq. JD, MBA, Managing Partner, Lion's Law P.C. - Law and leadership woven together.

• Massachusetts Medical Society - Advocates for healthcare excellence. Massachusetts Medical Society

• Sarah Spillane of PJ Spillane- A name synonymous with quality in building restoration.

• Agncy Design, Inc. - Envisioned by Augusta Meill, shaping the future through design. Explore at agncy.org

• Tomato Jos, Inc. - Cultivated by Mira Mehta, sowing seeds of change in Nigeria. Discover their story at tomatojos.net Tomato Jos

• Flyte.70- Meet the founders at https://buff.ly/43tLE00 Flyte.70

• Alluring Concepts - Alysha Siciliano's realm of beauty. Alluring Concepts

• Integrative Psychiatry & Wellness Co.- Where well-being is at the heart of every decision. Visit integratepsych.org Integrative Psychiatry and Wellness

Join us in celebrating these amazing women and their businesses!

As the first woman to serve as the Chief Justice of the Massachusetts
Supreme Judicial Court (from 1999 to 2010), The Hon. Margaret H. Marshall made a significant impact on the legal landscape of Massachusetts and the United States.

She is best known for her decision in Goodridge v. Department of Public Health (2003), which made Massachusetts the first state in the U.S. to legalize same-sex marriage. Her leadership and rulings have had a profound effect on civil rights and the interpretation of the law in ways that emphasize justice and equality.

Rich May's Commercial Real Estate Group is proud to have facilitated the lease for the WNDR Museum's newest and largest location at 500 Washington St., Boston. This digital, interactive museum offers an immersive art experience that blurs the lines between observer and creator, emphasizing that "We are all artists."

WNDR Museum represents the forefront of immersive installations worldwide. Learn more about visiting this innovative addition to Boston's cultural scene https://buff.ly/2MDfHur

Interactive Art Museum and Immersive Art Experience - WNDR Museum WNDR is a multi-sensory interactive art and technology experience that is designed to ignite the curiosity within each of us. Visit WNDR in Chicago and San Diego.

Today, on International Women's Day, we honor the invaluable contributions of women in the legal profession. During Women's History Month, we will continue to celebrate the achievements of pioneering women lawyers, judges, and legal scholars who have paved the way for equality and justice in and out of the courtroom.

The Corporate Transparency Act (CTA), a pivotal piece of legislation aimed at enhancing business transparency, has been declared unconstitutional by the federal district court in the Northern District of Alabama. The ruling, issued by Judge Liles Burke, comes after the National Small Business Association challenged the CTA's mandatory disclosure requirements, asserting they infringed upon constitutional rights.

Corporate Transparency Act Ruled Unconstitutional - Rich May, P.C. Shortly after going into effect, the Corporate Transparency Act (“CTA”) has been declared unconstitutional by a federal district court in the Northern District of Alabama. In November 2022, the National…

The U.S. Department of Labor recently published its final rule revising the Department’s classification as to who is an employee or an independent contractor under the Fair Labor Standards Act. The final rule goes into effect on March 11, 2024. Our new blog discusses the impact of the new rule on workers and employers.

U.S. Department of Labor

Employee or Independent Contractor Department of Labor Publishes Final Rule on Classification under the Fair Labor Standards Act - Rich May, P.C. On January 10, 2024, the U.S. Department of Labor (the “Department”) published its final rule for determining whether a worker is an employee or independent contractor under the Fair Labor…

Scott Stokes, a Managing Director and Shareholder of the firm, is a recognized leader in
corporate law, mergers and acquisitions, and investment management. As a guiding force behind our Business, Corporate and Securities, and Investment Management & Private Funds Practice Groups, he excels in organizing and financing business entities, managing complex mergers, and navigating investment advisers and broker-dealers through intricate regulatory frameworks.

Honored as one of the Top 100 Lawyers in New England and consistently named a “New
England Super Lawyer,” Scott has significantly influenced the legal field. His leadership
assisting investment advisory clients managing assets exceeding $20 billion in regulatory, fund and acquisition activity and spearheading major acquisitions in other fields showcases his strategic vision and deep understanding of the industries in which he practices.

We're proud to have Scott Stokes at the forefront of driving excellence and innovation in our firm and the legal profession.

For SEC-registered investment advisers seeking clarity on their reporting and compliance obligations, our 2024 Investment Adviser Compliance Calendar, offers a comprehensive overview tailored to small and mid-sized private fund advisers:

U.S. Securities and Exchange Commission

2024 Investment Adviser Compliance Calendar - Rich May, P.C. SEC-registered investment advisers are subject to an array of reporting and compliance obligations in order to maintain registered investment adviser status. The following compliance calendar (“Compliance Calendar”) is designed to…

Earlier this month, FinCEN unveiled a game-changing proposal aimed at enhancing transparency and combating money laundering in the residential real estate sector. These "Anti-Money Laundering Regulations for Residential Real Estate" are set to introduce rigorous reporting requirements for "cash only" sales, targeting a critical vulnerability in the market.
Diana Alsabe and James B. Heffernan discuss what this means for your business and the broader industry? Read on:

REGULATORY ALERT: FinCEN Proposed Rules to Combat Money Laundering - Rich May, P.C. The U.S. Department of the Treasury (“Treasury”) Financial Crimes Enforcement Network (“FinCEN”) continues its effort to curtail fraud in residential real estate by proposing new rules to counteract and prevent…

Rich May is proud to represent the Sponsors of the Mass Save program, which among other renewable energy initiatives, is facilitating heat pump adoption through rebates and incentives. Heat pumps are the most efficient heating systems, and help to reduce carbon emissions and local air pollution. Massachusetts aims to have 65% of all new residential HVAC and hot water heating systems be electric heat pumps by 2030 to help achieve its clean energy goals.

Read more in the recent article from : https://www.wbur.org/news/2024/02/07/massachusetts-electric-heat-pump-climate-goal-2030-2040-nescaum

Mass. joins 8 states in setting new electric heat pump goals A new multi-state agreement promises to make electric heat pumps 65% of total home heating unit sales by 2030.