Developing an Acceptable P&P Manual
Michelle L. Jacko presented on Developing an Acceptable P&P Manual at the Financial Research Associates, LLC on October 1, 2012 in Philadelphia, PA. … Read More
Deer Creek Management Fined $5 Million for Non-Compliant Valuation of Fund Assets
The proper valuation of client assets is of critical importance for investment advisers. A failure on the part of firms to properly value assets adversely affects key areas of fund operations, including but not limited to: Over or under…
Broker-Dealers | FINRA Broker-Dealer Regulatory Counsel | Legal Risk Management Tips | Regulatory Compliance
WSPs: Windsor Street Capital, LP fka Meyers Associates, L.P.
David Sobel wrote a Legal Tip for Jacko Law Group titled WSPs: Windsor Street Capital, LP fka Meyers Associates, L.P. in April, 2019.… Read More
FINRA Releases Its 2019 Annual Risk Monitoring and Examination Priorities Letter
On January 22, 2019, the Financial Industry Regulatory Authority (FINRA) released its Annual Risk Monitoring and Examinations Priorities Letter, which outlined its focus areas for broker-dealer examinations in 2019. While many of these areas are carried over from the…
OCIE Risk Alert Provides Critical Guidance on Electronic Messaging
Information technology continues to provide amazing benefits to our industry, but it also brings with it a number of risks when it comes to compliance. Changes in the way mobile and personally owned devices are being utilized for business…
SEC Settles Touting Charges Against Celebrities Endorsing ICOs
The principle of full disclosure in the marketing of virtual currencies is a recent focus of regulatory bodies as they slowly confirm that these cryptocurrencies are securities or investment products. In a Press Release dated Nov. 29, 2018, the…
Common Compliance Violations Seen in 2018
Michelle L. Jacko wrote the article titled Common Compliance Violations Seen in 2018 which was published in the Wolters Kluwer Newsletter in January/February 2019.… Read More
SEC Charges Indianapolis Investment Adviser With Defrauding Retail Advisory Clients
Indianapolis-based Steele Financial Inc. and the advisory firm’s owner, Tamara Steele, have both been charged by the Securities and Exchange Commission (SEC) with failure to disclose sales commissions of up to 18% charged on approximately $13 million of high-risk…
The AML “Fifth Pillar”
Michelle L. Jacko wrote a Legal Tip for Jacko Law Group titled The AML “Fifth Pillar” in November, 2018.… Read More
Another Private Equity SEC “Pay-to-Play” Enforcement
Pay-to-play violations have the potential to affect a firm’s reputation and typically in a “two-year timeout from providing compensatory advisory services directly to a government client.” Contributions of any kind, which include campaign contributions to those seeking elected office,…