The Securities and Exchange Commission (SEC) recently upgraded its Public Alert: Unregistered Soliciting Entities (PAUSE) website adding 25 soliciting entities and four false regulators and enhancing its accessibility for Main Street investors.
Created to protect retail investors from soliciting entities that fraudulently claim to be registered or licensed with the SEC or located in the United States, the PAUSE website is a compilation of information the SEC has collected from complaints submitted by investors, foreign regulators or others. After following up on the complaints, the SEC has determined that the listed entities have inaccurate information about their affiliation, registration, or location; however, inclusion on the website does not mean the entities have violated securities laws.
The site provides updated descriptions, educational materials, and improved search capabilities and has now been enhanced to be more user friendly. Now, Main Street investors may search and sort the unregistered soliciting entities by three categories, unregistered soliciting entities, fictitious regulators, and impersonators of genuine firms.
Investors will also find a wealth of educational information and resources to avoid falling victim to fraudulent firms or regulators, including information on conducting due diligence on firms and investments as well as different types of fraud.
Let Our Experience Work for You
If you are considering opening an investment advisory practice, Jacko Law Group and its team of attorneys can help you through the process to avoid inclusion on the PAUSE list or regulatory enforcement actions.
Our formation services include guidance on choosing the appropriate type of entity, obtaining a tax identification number, completing documents with regulators, developing disclosure documents, creating bylaws, policies and procedures, and maintaining books and records. Contact Jacko Law Group today at 619-298-2880.
Add a comment
- New SEC Climate Change and ESG Task Force to Enhance Investor Protection by Red Flagging Examples of Corporate Greenwashing
- What Investment Advisers Must do to Qualify for the DOL’s Prohibited Transaction Exemption for IRA Rollovers
- SEC Division of Examinations Cites Enhanced Focus on Business Continuity Processes, Protection of Retail Investors and ESG-Related Risks Among its 2021 Priorities
- FINRA Report Suggests Growing Need for Enhanced Risk Management in Cybersecurity and Outside Business Activities
- Deadline Approaching: Considerations for Your Form ADV
- Leveraging JLG's Latest Service: Real Estate
- Safeguarding Your Firm Against Fraudulent or Improper Recognition of Revenue
- New Advisers Act Advertising Rule to Undergo Further Review
- Investors, Advisers Must be Mindful to Comply with New U.S. Ban on Estimated $1 Trillion of Chinese Securities
- Your First Meeting on the SEC’s New Investment Adviser Marketing Rule Should Address These Topics
- Securities and Exchange Commission (SEC)
- Investment Advisers
- Regulatory Examinations
- Policies and Procedures
- Social Media Marketing
- Due Diligence
- Transition Services
- California Consumer Privacy Act (CCPA)
- Aging Clients
- Advisers Act
- Virtual Currency
- Dodd-Frank Act
- Ponzi Scheme
- Office of Compliance Inspections and Examinations (OCIE)
- Broker Protocol
- Securities Law
- Form U5
- Private Equity
- Private Funds
- Hedge Funds
- Regulation Best Interest
- Personally Identifiable Information (PII)
- Government Shutdown
- Risk Alert
- Exchange-Traded Funds (ETFs)
- Investment Company Act
- Rule 6c
- Wells Fargo