Fund Managers have quite a bit of responsibility to manage and it can be overwhelming to comply with the patchwork of federal and state laws, regulations, statutes, opinion letters, and duties that govern their activities.
It’s that time of year again for many investment advisory firms when Compliance departments often spend the end of the calendar year reviewing their policies and procedures to meet the annual requirements set forth in Rule 206(4)-7, better known as the “Compliance Rule” under the Investment Advisers Act of 1940.
The Securities and Exchange Commission (“SEC”) voted to propose amendments to its definition of an “accredited investor,” which, if approved, will allow more investors access to invest in private offering opportunities.
CEO & Managing Partner Michelle Jacko will present on Anticipating the Inevitable: Preparing for the SEC in 2020 for a Schwab compliance event in Seattle on February 20, 2020.… Read More
CEO & Managing Partner Michelle Jacko will present on Anticipating the Inevitable: Preparing for the SEC in 2020 for a Schwab compliance event in San Francisco on February 12, 2020.… Read More
In a noteworthy action resulting from a lack of action in monitoring client accounts, the U.S. Securities and Exchange Commission (“SEC”) fined three Raymond James entities $15 million for failing to conduct promised suitability reviews for certain advisory accounts invested in unit investment trusts (“UITs”).
Michelle L. Jacko wrote the article titled "Who’s Risking Your Business? (Part II)" which was published in the Bank Advisor November/December 2008 publication.
Michelle L. Jacko wrote the article titled Advisors: How to Prepare for the 2015 U.S. Regulatory Environment which was published in the Thomson Reuters Accelus newsletter on January 12, 2015. … Read More