Investment Advisers Archives - Page 12 of 35

California Governor Signs CCPA Amendments, Privacy Related Bills into Law

December 18, 2019 by M. Jacko

California Governor Gavin Newsom has signed five bills that will directly amend the California Consumer Privacy Act (CCPA). Signed into law by then-Governor Jerry Brown on June 28, 2018, the CCPA was designed to notify consumers that they can learn about their personal data that is being collected and sold or distributed to third-parties or affiliates and be given the opportunity to opt-out. The effective date of the CCPA is January 1, 2020, and the enforcement date will be on July 1, 2020.

Blog

SEC Requests Proposals to Innovate Markets for Thinly Traded Securities

December 5, 2019 by Jacko Law Group, PC

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.

IA Marketing Rule Counsel | Legal Risk Management Tips

At Last – The SEC Proposes Modernization of the Advertising Rule

November 25, 2019 by M. Jacko

For those of us who have focused on performance advertising throughout their careers, we have witnessed many amendments to the Advisers Act – but none which have significantly touched upon advertising. During the last quarter century, there have been new … Read More

Legal Risk Management Tips

Investment Adviser Wearing Multiple Hats Charged by SEC for Defrauding Clients

October 31, 2019 by Jacko Law Group, PC

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

Blog | Investment Adviser Regulatory Counsel (SEC & State)

Charging Fees for Inactive Accounts can be as Problematic as Churning

October 17, 2019 by M. Jacko

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”).

FINRA Broker-Dealer Regulatory Counsel | Legal Risk Management Tips

Mid-Year Enforcement Action Matters of 2019

August 28, 2019 by Jacko Law Group, PC

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

Blog | Investment Advisers

SEC Charges Investment Advisor with Defrauding Clients by Failure to Disclose Conflicts of Interest

August 13, 2019 by Jacko Law Group, PC

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).

Investment Adviser Regulatory Counsel (SEC & State) | Investment Advisers | Media Mentions

SEC Key Topics—And How to Prepare for an Examination

August 6, 2019 by M. Jacko

Michelle L. Jacko was featured in the Charles Schwab Advisor Services spring 2019 publication.

Events | Investment Advisers

Investment Advisers, Elder Financial Abuse and the Senior$afe Act

July 29, 2019 by M. Jacko

Michelle L. Jacko presented on Investment Advisers, Elder Financial Abuse and the Senior$afe Act at the Investment Adviser Association (IAA) Webinar Series on August 23, 2018.… Read More

Events | Regulatory Examinations & Enforcement Counsel

SEC Examinations

July 29, 2019 by M. Jacko

Michelle L. Jacko presented on SEC Examinations at the Charles Schwab Compliance Solutions 2018 National Conference on May 10, 2018 in San Antonio, TX.… Read More