The Securities and Exchange Commission’s (“SEC”) Division of Enforcement released its Annual Report (the “Report”) last month, which discusses enforcement cases and responses that occurred during the 2020 fiscal year.… Read More
Michelle L. Jacko wrote the Legal Risk Management Tip, “Why Advisory Fees and Expenses Remain a Continued Regulatory Focus,” in November for Jacko Law Group.… Read More
For many businesses, the future may appear a bit different, including virtual meetings, employees working remotely, staff reductions, etc. However, as business and market conditions evolve, protecting your intellectual property and corporate brand should remain a significant part of your firm’s ongoing planning process. … Read More
The COVID-19 pandemic has had a widespread impact on businesses of all sizes, with some companies forced to cut operations, limit hours or reviewing other strategic alternatives. Many distressed companies are considering all options to relive the pressures, which include raising operating capital, downsizing office space, laying off staff, and/or applying for Small Business Association Loans or other loans.… Read More
Jacko Law Group, PC (“JLG”) continues to see a high volume of financial advisors transitioning from one broker-dealer or registered investment advisory firm to another. When advisors[1] change firms in the heavily-regulated financial industry, they and the firms they are joining must understand federal and state laws, as well as contractual limitations and how those considerations will factor in to the transition process.… Read More
Michelle L. Jacko wrote the Legal Risk Management Tip, “How to Improve Your Compliance Program,” in July for Jacko Law Group.… Read More
Since March 2020, the Securities Exchange Commission (“SEC”) has been responding to the unexpected COVID-19 global pandemic by quickly issuing guidance, orders, FAQ’s and No-Action letters addressing the hardships that face investment companies and investment advisers. … Read More
I think most of us would agree over the past three months we have all come to expect the unexpected. In our September 2019 Legal Risk Management Tip, we discussed the importance for smaller financial industry firms to consider succession … Read More
The COVID-19 Coronavirus has created unexpected and unique challenges for financial industry participants. Employee illness, unpredictable financial markets and client fears are just a few of the new issues that have had an impact on investment advisors, broker-dealers and their personnel. … Read More
A month ago, it was unclear of how much COVID-19 (the “coronavirus”) would impact all of us in every facet of our lives. For some, we are indefinitely “sheltered in” and are working remotely where possible. Others must take care … Read More