Proposed Legislation Could Mean SRO Oversight For Investment Advisers
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Proposed Legislation Could Mean SRO Oversight For Investment Advisers in May, 2012.… Read More
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Proposed Legislation Could Mean SRO Oversight For Investment Advisers in May, 2012.… Read More
On February 15, 2012, the SEC announced the final adoption of amendments to Rule 205-3 of the Investment Advisers Act of 1940 (“Advisers Act”). The amendment results from the Dodd-Frank Wall Street Reform and Consumer Protection Act’s change to section…
As previously reported by JLG, in June 2011 the SEC adopted new rules implementing amendments to the Investment Advisers Act created by the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The Dodd-Frank Act increased…
On January 4th the Securities and Exchange Commission (“SEC”) issued a cease and desist order against an Illinois man, Anthony Fields, posing as a Registered Investment Adviser (“RIA”) who was using his LinkedIn account to scam investors, “offer[ing] more than…
On December 1, the SEC announced enforcement actions against three advisory firms and six individuals as part of the Commission’s new initiative whereby the Commission’s Asset Management Unit uses proprietary risk analytics to evaluate hedge fund returns. Performance that appears…
The North American Securities Administrators Association (“NASAA”) recently released a set of examination findings which identify the common compliance deficiencies for state registered investment advisers. The press release listed the top deficiencies revealed in a series of coordinated state examinations…
In 1997, the SEC adopted Rule 3a-4 of the Investment Company Act of 1940 (the “Rule”) which provides a non-exclusive safe harbor to exclude certain similarly-managed accounts, such as model portfolios, from the definition of an investment company (e.g., a…
As discussed in a previous Jacko Law Group, PC Legal Risk Management Tip, in October of last year the Department of Labor (the “DOL”) published a proposed rule that would amend the definition of “fiduciary”, and would significantly expand the…
Recently, Congressmen Spencer Bachus, Chairman of the House Financial Services Committee, circulated a draft bill entitled The Investment Adviser Oversight Act of 2011 (the “Bill”). If introduced and passed, the Bill will amend the Investment Advisers Act of 1940 to…
Jacko Law Group, PC (JLG) offers clients high quality legal counsel and representation on all regulatory, compliance and securities law matters. With unsurpassed expertise in the increasingly complex and highly regulated financial securities industry, JLG is uniquely situated to…… Read More