Patricia S. Miller (“Miller”), a former representative of Investors Capital Corp. (“ICC”) and Janney Montgomery Scott (“Janney”), was indicted on charges of orchestrating a $2.5 million fraud of 20 clients beginning in 2002. According to the Criminal Complaint issued by…
The Securities and Exchange Commission (“SEC”) has filed fraud charges in the U.S. District Court for the Northern District of Illinois against the City of Harvey, Illinois and its comptroller, Joseph Letke (“Letke”). The City of Harvey has been accused…
Michelle L. Jacko wrote the article titled Custody compliance Creating More Clarity which was published in the Charles Schwab Compliance Review in July, 2014. … Read More
A landmark case of whistleblower anti-retaliation enforcement has recently been settled between the Securities and Exchange Commission (“SEC”) and the advisory firm Paradigm Capital Management (“Paradigm”) and Candace King Weir (“Weir” the majority owner of paradigm) in the first case…
Jacko Law Group, PC (“JLG”) each month publishes a Legal Tip, written by one of its professional staff on a relevant topic specific to the securities industry. In late May 2014, JLG, wrote and released a Legal…
The role of a transfer agent is a unique – and powerful – position in the securities industry. Transfer agents are used by publicly traded companies and other issuers “to keep track of individuals and entities owning stocks and bonds…
The Securities and Exchange Commission (“SEC”) recently charged Rafferty Capital Markets (“Rafferty”) with illegally facilitating trades for an unregistered broker-dealer. A May 15, 2014 SEC press release details how Rafferty settled an SEC-charged penalty of $850,000 for perpetrating “illegally arranged…
The Legal Tip for Jacko Law Group titled Continued Focus On Valuation Remains An Sec Priority was written in June, 2014.… Read More
The Legal Tip for Jacko Law Group titled California’s Revised Custody Rule Seeks Uniformity was written in May, 2014.… Read More
The question “how are private equity firms doing?” was asked back in 2012 by the Securities and Exchange Commission’s (“SEC’s”) Office of Compliance Inspections and Examinations (“OCIE”), in response to the growth of this industry. In October 2012, OCIE launched…