The U.S. Securities and Exchange Commission (“SEC”) recently announced settled charges against two advisers that self-reported conflicts of interest as a part of the Share Class Selection Disclosure Initiative.
Lone Star Value Management LLC (“Lone Star”) and its owner Jeffrey Eberwein settled with the Securities and Exchange Commission (“SEC”) over charges that it executed 21 trades without disclosing they were principal trades.
The Securities and Exchange Commission (“SEC”) has charged two Prudential subsidiaries with a failure to monitor and report conflicts of interest that proved costly to fund shareholders.
One of the more complicated aspects of fiduciary responsibility rests with a firm’s ability to adequately identify and disclose potential conflicts of interest. What may not appear to be a conflict can nevertheless violate securities laws whether it be a material misstatement or omissions in reports filed with the Securities and Exchange Commission (SEC).
Michelle L. Jacko presented on Best Practices for Managing Conflicts of Interest at the Chalres Schwab Bay Area CCO Roundtable on December 6, 2018.… Read More
Michelle L. Jacko wrote a Legal Tip for Jacko Law Group titled Practical Steps for Assessing Risks in August, 2017.… Read More
The Securities and Exchange Commission (“SEC”) has charged a Houston-based advisory firm with fraud for failing to disclose conflicts of interest to investors. Robare Group Ltd. (“Robare”) had a compensation arrangement in place with the unnamed brokerage firm who was…
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
Jacko Law Group P.C. (“JLG”) wrote the article titled “Best Execution and the Investment Adviser: Policies and Procedures to Meet the Obligation” which was published by Thomas Reuters Accelus on October 3, 2012.… Read More
Jacko Law Group P.C. (“JLG”) wrote the article titled Trading Compliance which was published in the Charles Schwab Compliance Review’s September 2012 issue. … Read More