Preparing for regulatory examinations is a daunting prospect. If you haven’t set up the policies and procedures to ensure you can handle such an exam at the drop of a hat, it becomes more than just daunting: it turns into…
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled 7 Essential Takeaways from the September SEC Risk Alert in September, 2017.… Read More
Michelle L. Jacko wrote a Legal Tip for Jacko Law Group titled 2017 SEC Examinations Focus Areas in January, 2017.… Read More
The Legal Tip for Jacko Law Group titled 2016 SEC Enforcement Cases: A Year In Review was written in December, 2016.… Read More
On July 12, 2016, after undergoing an investigation by the Securities and Exchange Commission (SEC) regarding a computer coding error that caused Citigroup Global Markets to provide the agency with incomplete “blue sheet” information about trades it executed from…
When you receive an “8210 letter” from FINRA, your whole world can change. FINRA does not have subpoena power; rather, their investigative power comes from FINRA Rule 8210. But, that rule is very powerful when it comes to member…
Having a firm culture that puts client interests first is the basis of the fiduciary duty. Any BD that believes that all they have is a suitability requirement is living in La La land. Almost all arbitration claims against…
Last week FINRA held its annual Broker Dealer conference in Washington DC. It was one of the largest they ever had: 1300 attendees and completely sold out. What this usually means is that the BD community is scared and…
Episode 6 of Showtime’s Billions leads up to a powerful scene where Axe and Rhoades finally go head-to-head. This blog will explore what you can expect to really happen in negotiations with an enforcement team if a similar situation…
Today, IAWatch revisited the case of Thomas Haider, a former CCO at MoneyGram, who was assessed a $1 million civil money penalty by FinCEN. In 2012 MoneyGram paid a $100 million dollar fine for fraud against its customers. In 2014,…