M. Jacko
Managing Partner and CEO

Michelle L. Jacko, Esq.

Managing Partner and CEO

Michelle L. Jacko, Esq. is the Managing Partner and CEO of Jacko Law Group, PC (“JLG”), which offers securities, corporate, real estate, and employment law counsel to broker-dealers, investment advisers, investment companies, hedge/private funds and financial industry professionals. In addition, Ms. Jacko is the Founder and CEO of Core Compliance & Legal Services, Inc., a compliance consultation firm.

Ms. Jacko specializes in investment adviser, broker-dealer, investment company and private fund regulatory compliance matters, internal control development, regulatory examinations, transition services, and operational risk management. Her consultation practice is focused on the areas of regulatory exams and formal inquiries, investment and merger and acquisition transactions, exit and succession planning, annual reviews, policies and procedures development, testing of compliance programs (including evaluation of internal controls and supervision), mock exams, senior client issues, cybersecurity, Regulation S-P, and much more.

Over the years and through a transformative market, Ms. Jacko has also developed service solutions throughout her practice, focusing on regulatory, compliance, commercial and corporate strategic solutions for the financial industry. Her practice focuses on formations and registration of broker-dealers, investment advisers and funds and platforms associated with each of these business models.  She focuses on transition and succession planning for companies, spearheading Jacko Law Group’s mergers and acquisitions practice area. She aligns her legal team to directly apply experienced legal acumen and business-savvy foresight to assist clients navigate and traverse the breakaway, formation, and growth plan for their corporation’s continued achievement, expansion, and upward trajectory.

Throughout this process, Ms. Jacko uses her 27 years of regulatory compliance experience to provide risk mitigation strategies to businesses.  She provides her clients with risk assessments, annual reviews and gap analysis, and serves as lead attorney for SEC and FINRA enforcement matters, regulatory formal inquiries, and regulatory examinations.  She has developed a practice that successfully helps our clients to be prepared for examinations through meticulous preparations, including mock interviews, compliance program document reviews, and counsel to members of senior management and interfacing with regulators throughout the process.   She frequently provides counsel on Chief Compliance Officer liability issues, assists advisors with regulatory reporting of disciplinary events and customer complaints, provides counsel on various representative onboarding and exit considerations and drafts complex agreements and client disclosure documents.

Utilizing an unparalleled service with a visionary strategy, Ms. Jacko’s counsel contributes to client success. She fosters trust amongst her team and has forged a path for JLG’s growing and multifaceted merger and acquisition practice, general corporate counsel services and regulatory compliance practice areas.

As a frequent presenter at national financial industry conferences, Ms. Jacko delivers insightful and thought-provoking workshops regarding industry hot topics and rising compliance issues. She is a frequent contributor to various industry journals and publications, including Barron’s Advisor, Charles Schwab, Investment Adviser Association’s IAA Today, National Society of Compliance Professionals’ CurrentsLawyer Monthly MagazineThomson Reuters, and more.  She also is a featured author in Modern Compliance, Vol. 1 and 2.

Ms. Jacko served as the former Vice-Chair of Education of the Corporations Committee for the State Bar of California Business Law Section and is a two-time Board member alumn of the National Society of Compliance Professionals. She is the Co-Founder and a member of the Southern California Compliance Group and also is a FINRA Arbitrator. Ms. Jacko is a member of Vistage International and actively participates in her community.

JLG and Ms. Jacko are proud to be members of the National Women Business Owners (NABWO) Corporation.

Throughout her career, Ms. Jacko has established herself as an influential leader, both locally and industry-wide. She has received numerous accolades and recognitions for her contributions, impact, and thought leadership. Since 2019, she has been selected as a finalist for San Diego Business Journal’s (SDBJ) CEO of the Year Award (2019-2022). She has also been selected for inclusion for the SDBJ’s 2022 Women of Influence 50 over 50, 2021 -2022 Women of Influence in Law SDBJ’s 2018-2022 Business Woman of the Year, 2020-2022 San Diego 500 Influential Business Leaders Award, 2020-2022 SD500, and prestigious 2020 Most Admired CEO Awards. Alongside the many awards from the SDBJ, Ms. Jacko  also was selected as a finalist for San Diego Magazine’s 2020–2021 Influential Women: Woman of the Year Award and was honored as a finalist for the 2019 NAWBO Bravo Awards - San Diego. International magazine CEO Today also selected Ms. Jacko as one of the 2019 and 2020 Business Women of the Year Awards. She also received Acquisition International magazine's Global Excellence Awards: Most Influential Woman in Securities Law 2019–2020 - San Diego, and locally was selected by San Diego Metro as one of the 12 Women of Influence in San Diego, CA.

Before starting both companies, Ms. Jacko previously served as Of Counsel at Shustak & Partners, PC. Prior to that, she was Vice President of Compliance and Branch Manager of the Home Office Supervision team at LPL Financial Services, Corporation (Linsco/Private Ledger). She also served as Legal Counsel of Investments and Chief Compliance Officer at First American Trust, FSB and held the position of Compliance Manager at Nicholas-Applegate Capital Management. In addition, Ms. Jacko was with PIM Financial Services, Inc., and Speiser, Krause, Madole & Mendelsohn, Jackson.

Ms. Jacko received her J.D. from St. Mary’s University School of Law and B.A., International Relations, from the University of San Diego. She is admitted to the State Bar of California and United States District Court, Southern District of California. Michelle holds NSCP’s Certified Securities Compliance Professional (CSCP) designation and is a member of the National Association of Women Lawyers (NAWL).

In addition to her many accomplishments, Ms. Jacko is also dedicated to giving back to her community and charitable organizations. Throughout the years she has dedicated her time and efforts to numerous organizations, including the Autism Tree Project, Wounded Warriors Project, the ASCPA, the San Diego Food Bank, School of the Madeleine and more. She also supports whenever she can the military community.  It is her dedication to her team, her practice and her community that has laid the foundation for JLG’s impact and continued growth and success.

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Practices :
Mergers & AcquisttionsPrivate Equity & Private Fund ServicesSEC/State: Regulatory Compliance Services
$102 Million Ponzi Scheme Underscores Importance of Protecting Aging Investors
August 16, 2018

While at times the rigorous regulations imposed upon firms can seem burdensome, they exist for a reason – to help prevent violations of federal securities law. Bad actors, who are a staple of the modern era, are emboldened by the potential for massive ill-gotten gains, and now have the tools and technologies at hand (combined with the power of the Internet) to take advantage of huge numbers of unsuspecting consumers.

In fact, that’s exactly what happened June 19, 2018 when the Securities and Exchange Commission (SEC) announced that it uncovered a massive Ponzi scheme being operated right here in the United States. You can follow the link to learn the details of the alleged scheme, but essentially, over $100 million dollars was stolen from a variety of retiree investors and used to both prop up the scheme and line the pockets of the men allegedly involved.

How This Particular Ponzi Scheme Defrauded Investors

According to the allegations, the five (5) men involved – all of whom were in differing jurisdictions – targeted retiring financial professional from investment advisers and broker-dealers, buying the retiring professional’s client lists (who, in these cases, were themselves mostly retirees) and selling those clients securities in issuers controlled by the schemers, that were shell companies engaged in no legitimate business.

Like your typical Ponzi scheme, the alleged masterminds of the scheme transferred funds from one shell company to another (and to their own pockets in between) in order to create the illusion that each of the three companies were generating profit (when, in fact, they generated nothing).

There were, however, warning signs – investors were allegedly promised double-digit returns and guaranteed dividends, which creates “red flags” necessitating additional due diligence. But one must remember that aging investors, like the retirees targeted in this scheme, are not always able to immediately identify potential fraud.

Fortunately, as fiduciaries, financial professionals are in a unique position to help protect aging investors by educating them on red flags to be aware of that are indicative of such schemes. They also are able to proactively take steps to protect senior investors by reaching out to trusted contacts when signs of aging issues, like diminished capacity or elder abuse, appear.

Educate Your Clients on the Dangers of Fraud

When this scheme was unveiled, the SEC proactively took steps to help protect investors. They were able to secure an asset freeze and TRO, and encouraged investors to both research the background of their investment professional and provided resources of what investors to do that fall victim to fraud.

The protection of aging investors is high on the list of exam priorities for 2018, and financial professionals to take steps to evaluate means through which they can further protect senior investors. As clients age, they may become the victims of mental incapacity (e.g., showing signs of dementia or Alzheimer’s disease) which can lead that individual to be a prime target for financial abuse. There are several steps your firm can take to protect its clients and keep them from becoming victims of elder abuse, including Ponzi schemes and other fraudulent actions. Click here for more information on what your firm can do to protect aging investors and ensure that your clients are protected when they can no longer protect themselves.

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