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.
On January 24, 2020, the Securities and Exchange Commission (“SEC”) charged a California-based couple with orchestrating a seven-year, nearly billion-dollar Ponzi scheme involving alternative energy credits through their solar generator companies.
On January 7, the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) released its list of examination priorities for fiscal year 2020 (the “Priorities”). This annual publication is invaluable, for it highlights those areas which the … Read More
The Securities and Exchange Commission (“SEC”) voted to propose amendments to its definition of an “accredited investor,” which, if approved, will allow more investors access to invest in private offering opportunities.
The Securities and Exchange Commission (“SEC”) is considering implementation of regulatory changes in order to improve secondary market structures for thinly traded securities. It has announced a request for exchanges, issuers, investors, or other market participants to submit proposals that will facilitate market structure innovations that would meaningfully enhance trading.
There’s a lot in the SEC’s 507 pages detailing its first major revision of its IA advertising rules in nearly 60 years. If you haven’t had a chance to comb through the release, register for our free December webinar to … Read More
Jacko Law Group published the Legal Risk Management Tip, “Investment Adviser Wearing Multiple Hats Charged by SEC for Defrauding Clients” on October 31st, 2019.… Read More
In a noteworthy action resulting from a lack of action in monitoring client accounts, the U.S. Securities and Exchange Commission (“SEC”) fined three Raymond James entities $15 million for failing to conduct promised suitability reviews for certain advisory accounts invested in unit investment trusts (“UITs”).
Every year the SEC and FINRA publish a letter outlining the primary focuses for examiners. These focuses often set forth the hot topics and frequent deficiency areas for their examination visits throughout the year. Below are some of the more … Read More
Michelle L. Jacko will be speaking at the Charles Schwab IMPACT 2019 conference, November 4-7, 2019.… Read More