The Securities and Exchange Commission (“SEC”) recently indicated that by April of 2013, it plans to issue a Notice of Proposed Rulemaking on requiring public companies to disclose their political spending. This rule could have broad sweeping effects as it’s…
As of January 1, 2013, rule AB 1844 went into effect in California, effectively banning California employers from asking job seekers and workers for their usernames and passwords on social networking accounts. In addition to this, AB 1844 also bans…
The Legal Tip for Jacko Law Group titled 2012 Sec Enforcement Cases – A Year in Review was written in December, 2012.… Read More
Back in January, the Securities and Exchange Commission (“SEC”) issued guidance regarding Registered Investment Adviser’s (“RIA’s”) use of social media in a National Examination Alert, Investment Adviser Use of Social Media (the “Alert”). Part of the Alert dealt with third-party…
Recent settlements continue to show how regulators are cracking down on Anti-Money Laundering (“AML”) violators of all shapes and sizes. This week HSBC, Europe’s largest bank by market value, agreed to a settlement after facing accusations it transferred funds through…
Recently, the Financial Industry Regulatory Authority (“FINRA”) has requested the Securities and Exchange Commission (“SEC”) to approve amendments to Rules 2267 and 8312, which would increase disclosure requirements and promotion of their BrokerCheck program. In an attempt to facilitate and…
The Commodity Exchange Act (”CEA”), as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (”Dodd-Frank Act”), authorizes the Secretary of the Treasury (”Secretary”) to issue a written determination that foreign exchange swaps, foreign exchange…
The California Department of Corporations (“DOC”) recently proposed amendments to the California investment adviser custody rule, Section 260.237 of Title 10 of the California Code of Regulations. The October 18, 2012 announcement follows an initial invitation for comments on the…
Last week the SEC settled an enforcement action against Chicago Registered Investment Adviser Tilden Loucks & Woodnorth LLC, its affiliated registered broker-dealer, LaSalle St. Securities, LLC, and Tilden’s retired founder, 87 year-old Ralph B. Loucks. The action was instituted as…
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Private Fund Adviser Updates: The New Sec Presence Examination in November, 2012.… Read More