Michelle L. Jacko wrote the article titled Legal and Regulatory Compliance Considerations for Business Transitions which was published in the Wolters Kluwer Newsletter in September/October, 2015. … Read More
The Municipal Securities Rulemaking Board (“MSRB”) is seeking The Securities and Exchange Commission’s (“SEC”) approval to apply business-related gift-giving limitations to its municipal advisors. According to an MSRB press release, the goal of the proposed rule change to MSRB Rule…
Michelle L. Jacko wrote a Legal Tip for Jacko Law Group titled The Importance Of Strategic Transition And Business Succession Planning in September, 2015.… Read More
Birmingham, Alabama-based Stern, Agee, & Leech, Inc. (“Stern Agee”) submitted a Letter of Acceptance, Waiver and Consent (“AWC”) to pursue a settlement regarding alleged rule violations. According to FINRA’s Monthly Disciplinary and Other FINRA Actions Publication a Stern Agee…
The Securities and Exchange Commission (“SEC”) has accused a Bellevue, Washington man of defrauding 250 Chinese investors. In its complaint, the SEC alleges that Lobsang Dargey (“Dargey”), through his “Path America” companies, was able to raise over $125 million…
This March the Securities Industry and Financial Markets Association’s (“SIFMA”) Compliance and Legal Society Annual Seminar was held in Phoenix, Arizona. The seminar hosted over 300 industry experts who discussed the latest regulatory and compliance issues. This post will highlight…
The Securities and Exchange Commission (“SEC”) has approved the final rules to update and expand Regulation A (referred to as Regulation A+). Regulation A, part of Title IV of the Jumpstart our Business Startups (“JOBS”) Act, provides an exemption…
The Securities and Exchange Commission (“SEC”) has charged brokerage firm H.D. Vest Investment Securities (“H.D. Vest”) with failure to adequately supervise its registered representatives, which the SEC alleges led to a violation of key customer protection rules. H.D. Vest will…
This February the Securities and Exchange Commission’s (“SEC’s”) Division of Investment Management issued Guidance Update Number 2015-01 titled “Acceptance of Gifts or Entertainment By Fund Advisory Personnel — Section 17(e)(1) of the Investment Company Act.” The Update highlights potential…
Jacko Law Group, PC (“JLG”) published its monthly Legal Tip, written this January. JLG’s Legal Tip provides an overview of some of the new corporate laws affecting businesses. While this article is geared towards California…