Form U5: Reporting And Beyond
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Form U5: Reporting And Beyond in March, 2015.… Read More
2014 SEC Enforcement Cases – A Year In Review
The Legal Tip for Jacko Law Group titled 2014 Sec Enforcement Cases – A Year In Review was written in November, 2014.… Read More
Washington-Based Advisory Firm Cited for Disclosure and Reporting Failures
The Securities Exchange Commission (“SEC”) has recently charged Strategic Capital, LLC (“Strategic Capital”) an independent advisory firm in the state of Washington, for violating rules 203(e) and 203(k) the Investment Advisers Act of 1940,(“Advisors Act”). Strategic Capital distributed “false…
Advisory Firm Failed to Disclose Conflicts of Interest to Clients
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…
Listen Up CEOs: Top Things Your CCO Wants You to Know
Michelle L. Jacko wrote the article titled Listen Up CEOs: Top Things Your CCO Wants You to Know which was published by Wolters Kluwer in the September/October 2014 newsletter.… Read More
Misleading Statements to Customers to Transfer Their Assets Lead to Prosecution of Boston-based Investment Adviser
A Boston, Massachusetts Federal Court Jury has rendered a verdict against registered investment adviser Sage Advisory Group, LLC (“Sage”) and its principal Benjamin Lee Grant (“Grant”) in a civil fraud case filed by the Securities and Exchange Commission (“SEC”). The…
Philadelphia-based private equity firm fined for Pay-to-Play
The Securities and Exchange Commission (“SEC”) has brought its first case against a private equity firm for pay-to-play violations involving political campaign contributions to the governor of Pennsylvania and the candidate for Mayor of Philadelphia. The SEC also found that…
Protecting Whistleblowers: The SEC’s First Anti-Retaliation Enforcement Case
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…
DOL Proposes Amendment to Section 408(b)(2) of ERISA for Plan Fiduciaries Guide Requirement
The Department of Labor (“DOL”) released a fact sheet in March 2014 detailing a proposed amendment to Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (“ERISA”) that would, if passed and enacted, require a guide for plan…
AZ Private Equity Fund’s Misallocation Scheme Uncovered, Spurs SEC Charges
As an Arizona-based private equity fund and its manager discovered at the end of February 2014, paying one’s expenses with client’s assets is both problematic and liable to receive prosecution by the Securities and Exchange Commission (“SEC”). Clean Energy Capital,…