The financial securities industry has an ever-changing regulatory environment. That’s why it’s critical that advisors are proactive about keeping up with the latest regulations, anticipating their implications for real-world scenarios, and understanding how to meet the expectations of the U.S. … Read More
One common misconception about responding to the U.S. Securities and Exchange Commission’s (“SEC’s”) initial request for documents as part of an examination or routine sweep is that the document production phase has ended. On occasion, it has basically just begun. … Read More
Michelle Jacko wrote the blog post, “Your Road Map to Leveraging 2021’s SEC Risk Alerts to Prepare for 2022,” for Jacko Law Group in December, 2021.… Read More
Jacko Law Group, in conjunction with Core Compliance, hosted a Client Exclusive Webinar, "SEC Hot Topics – Keeping Focused on Top Compliance Priorities," on August 18th, 2021.… Read More
The Securities and Exchange Commission’s (“SEC”) Division of Enforcement released its Annual Report (the “Report”) last month, which discusses enforcement cases and responses that occurred during the 2020 fiscal year.… Read More
Stress created by high jobless rates. Acrimonious political debate over acceptable levels of federal assistance. Rampant fear and uncertainty while awaiting the arrival of an effective coronavirus vaccine.
As firms work to prepare their updated disclosures and move toward compliance by June 30, 2020 with the new Regulation Best Interest (“Reg BI”), the Securities and Exchange Commission (“SEC”) made two important announcements. As a reminder, Reg BI establishes a new standard of conduct for broker-dealers and their associated persons when making a recommendation of any securities transaction or investment strategy involving securities (including account recommendations) to a retail customer.
The Securities and Exchange Commission’s (“SEC’s”) Division of Enforcement released its Annual Report (the “Report”) last month, which discusses enforcement cases for its fiscal year of 2019. According to the Report, the SEC filed 862 enforcement actions in FY 2019, resulting in disgorgements and monetary penalties of roughly $4.35 billion.… Read More
In a speech given in late April, Peter Driscoll, Director of the Office of Compliance Inspections and Examinations (OCIE), discussed the importance of cooperation among compliance officers, senior management, and the OCIE to promote compliance and more effectively protect…
Michelle L. Jacko wrote the article titled How Risk Alerts Can Help You Prepare for Your Next Examination which was published in the Wolters Kluwer Newsletter in March/April. 2019. … Read More