Anti-Money Laundering Regulations On The Horizon For Investment Advisers
PostThe Legal Tip for Jacko Law Group titled Anti-money Laundering Regulations On The Horizon For Investment Advisers was written in August, 2013.… Read More
President Obama Seeks Action from Regulators on Dodd-Frank Act
PostSlow progress has been made in the past three years on instituting “critical” parts of the Dodd-Frank Act, according to recent comments by the Obama Administration. President Obama voiced his frustrations with the slow progress of financial overhaul regulations on…
Keeping Up With Form 13F Requirements
PostThe Securities and Exchange Commission (“SEC”) requires all institutional investment managers that use the U.S. mail (or other means of instrumentality of interstate commerce) in the course of their business, and whom exercise investment discretion on over $100 million…
Recent Cease-and-Desist Orders Issued by the SEC in Regards to Custody Violations
PostRecently, the Securities and Exchange Commission (“SEC”) issued an Order Instituting Administrative Cease-and-Desist Proceedings against Ronald S. Rollins (“Rollins”) of Plainfield, New Jersey (Rel. 34-70058). Rollins is the former Chief Compliance Officer (“CCO”) of Comprehensive Capital Management, Inc. (“CCM”), a…
Recent Social Media Developments
PostMichelle L. Jacko wrote a Legal Tip for Jacko Law Group titled Recent Social Media Developments in July, 2013.… Read More
Forming Private Funds: Managing Growth and Change
PostInvestment managers, when forming their first private fund, can claim exemption for the fund from registration as an investment company (pursuant to Section 3(c)(1) of the Investment Company Act of 1940) if the fund (1) has no more than 100…
SEC Proposes New Amendments to Regulation D in Light of Rule 506 Approval
PostOn July 10 the Securities and Exchange Commission (“SEC”) amended Rule 506 of Regulation D to implement Section 201(a) of the Jumpstart Our Business Startups Act (the “JOBS Act”). The amendments to this Rule caused quite a stir in the…
“Other” Important Supreme Court Rulings for Investment Advisers
PostWith this year’s U.S. Supreme Court (the “Court”) term coming to a close, there has been a flurry of rulings that may substantially impact the securities industry. While most are aware of the Court’s decision to invalidate the Defense of…
State Developments May Have Big Impact on FINRA Arbitration Proceedings
PostRecently, the Florida Supreme Court issued a decision ruling that the state’s statute of limitations (“SOLs”), or laws that limit the time within which a party can bring a lawsuit against another party, applies not only to court proceedings, but…
Recent Events Portray Importance of Conducting Proper Due Diligence Prior to Investing in Securities
PostRecently, the Securities and Exchange Commission (“SEC”) charged a penny stock promoter, David F. Bahr of Rancho Santa Fe, California, with fraudulently arranging the purchase of over $2.5 million worth of shares in a penny stock company in an attempt to…