Jacko Law Group, PC

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Jacko Law Group, PC

Jacko Law Group, PC (“JLG”) offers clients high quality legal counsel and representation on all regulatory, compliance, securities and corporate law matters.

We offer corporate and regulatory compliance legal services to investment advisers, broker-dealers, hedge funds, private equity firms, banks and other financial individuals and entities. With unsurpassed expertise in the increasingly complex and highly regulated financial securities industry, JLG is uniquely situated to offer comprehensive services to registered investment advisers, securities bro

ker‐dealers, hedge funds, financial professionals and organizations of all sizes. Dedicated to customized business solutions and personalized legal counsel based on your needs, JLG helps our clients to achieve their goals while providing superior service. Jacko Law Group, PC offers comprehensive legal services to meet your business
needs. Services include, among others:
- Formation of Broker-Dealers and Investment Advisers
- Creation, review and analysis of Investment Advisory Agreements
- Hedge Fund and Private Equity Compliance
- Investment Policy Statements
- Solicitor’s Agreements
- Performance Advertising
- Marketing and RFP reviews
- Client Disclosure Documents
- Regulatory Responses
- Filing of Form ADV Part 1, including Annual Updating Amendments
- Creation and Maintenance of Form ADV Part II, including Schedule F
(Disclosure Brochure)
- Schedule H (Wrap-fee Brochure)
- All aspects of investment advisory counsel (Investment Advisers Act of
1940)
Jacko Law Group, PC also offers customizable client packages and training for
your firm or organization.

06/18/2026

Jacko Law Group, PC Regulatory Tip of the Week
by Michelle L. Jacko

Notice: Amended Qualified Client Thresholds Take Effect June 29, 2026

Advisers that assess performance fees should be on notice that effective June 29, 2026, the Qualified Client Threshold, which allows advisers to charge performance-based fees to clients, will increase from $1.1 million to $1.4 million for the AUM test, and from $2.2 million to $2.7 million for the net worth test (excluding client’s primary residence).
This is especially relevant for smaller to mid-sized RIAs whose clients usually sit close to the threshold.

The increase will not affect existing performance fee arrangements, however, any new contracts on or after June 29, 2026, must adhere to the new threshold. (https://na2.hubs.ly/H06c1BJ0)

To comply with SEC requirements, we recommend RIAs do the following:
· Update Form ADV disclosures and other relevant documents, including client questionnaires, intake forms, and any subscription documents to reflect these new requirements.
· Provide training to advisory personnel to ensure they are aware of the new requirements
· Ensure that client onboarding procedures are updated to account for the new thresholds.
· Verify that net worth calculations exclude the primary residence.

For more information on addressing the increased Qualified Client Threshold, please contact us at 619.298.2880 or email [email protected]

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

06/17/2026

Jacko Law Group, PC Expungement Tip by Amandeep Kalhar

A Form U-5 disclosure can have lasting consequences long after a registered representative leaves a firm. Customer complaints, employment terminations, internal investigations, and other reportable events can become part of an individual's Central Registration Depository (CRD) record. In addition, recent FINRA rule amendments have made expungement proceedings more rigorous by imposing strict filing deadlines, requiring hearings before specially trained arbitrators, increasing customer participation rights, and permitting greater regulatory oversight. As a result, waiting to address problematic disclosures can significantly limit available options.

To help protect your professional reputation and future career opportunities, consider the following best practices:

• Regularly review disclosure history to assess whether any reported information may be inaccurate, misleading, or otherwise eligible for expungement.
• Review Forms U-4 and U-5 for accuracy whenever employment changes occur.
• Monitor CRD records regularly to identify potentially harmful or inaccurate disclosures.
• Preserve emails, records, client communications, and other documentation that may support a future expungement request.
• Be aware of FINRA's filing deadlines, including the new amended two-year and three-year limitations applicable to many straight-in expungement requests.
• Consult experienced legal counsel as soon as a negative or unwarranted disclosures appears to evaluate available remedies and develop a strategy.

By doing this, financial professionals can better safeguard their reputations and preserve future employment and business opportunities.

For more information or assistance, please contact us at 619.298.2880 or email [email protected].

Disclaimer: General information only. No legal relationship formed.

06/15/2026

Proactive Risk Management

Proactive risk management protects companies and their employees from liability. Good risk management is not about eliminating risk, it is about understanding and managing it proactively by establishing good practices like:
- Drafting policies and procedures
- Properly documenting firm activities
- Communication risk to clients, personnel and regulators

Watch this video to learn more: https://na2.hubs.ly/H068fz40

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

management

06/11/2026

Jacko Law Group, PC Litigation Tip by Dharmi Mehta

In financial services disputes including FINRA arbitrations, hiring an expert can be helpful in key areas related to the matter such as evaluating liability and damages, causation and any evidentiary gaps.
However, it is vital to hire an expert in time for their expertise to affect the rebuttal strategy, shape document request and address deposition questions.

From a litigation strategy standpoint, counsel should consider hiring an expert once the core claims, defenses, and damages theories are reasonably understood. Even if the expert is initially retained as a consulting expert, early input can strengthen discovery, frame settlement discussions, and avoid surprises. The best expert strategy is proactive, not reactive.

If you are involved in a business dispute and require assistance with your case, please contact us at 619.298.2880 or email [email protected].

Disclaimer: General information only. No legal relationship formed.

06/10/2026

Jacko Law Group, PC Cybersecurity & Artificial Intelligence (AI) Tip
by Kathryn Konzen

Cyber and Regulatory Risks of AI Notetakers

The SEC has made clear that AI tools used in business operations must be accompanied by human oversight, a requirement that carries particular weight in financial services, where client data is sensitive and regulatory obligations are strict.

One area of growing concern is AI notetaking tools. RIAs that use these tools without proper safeguards risk violating client trust and running afoul of several regulatory requirements.

Potential Risks of AI Notetakers
- Inadvertent sharing of critical client data with third-party platforms
- Inaccurate transcriptions being communicated as fact
- Exposure of confidential client details to unauthorized parties
Recommended Safeguards

Beyond obtaining informed client consent before using an AI notetaker, RIAs should consider the following:
- Be mindful of what information is discussed in meetings where AI notetaking is active
- Review transcriptions for accuracy before distributing them
- Ensure post-meeting summaries are shared only with appropriate recipients
- Strengthen AI and cybersecurity policies to establish clear internal protocols governing AI use

Finally, while many platforms offer AI notetaking features, RIAs should be aware that most free-tier versions provide little to no data privacy protections for the information shared.

For assistance with AI and Cybersecurity protocols, please contact us at 619.298.2880 or email [email protected].

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

06/09/2026

Tips and Considerations for AI Policies and Procedures (IAs, BDs)

Regulators are focused on the internal controls being used in the financial industry to govern the use of AI. Consequently, having strong AI policies and procedures is a must.
Investment Advisers (IAs) and Broker Dealers (BDs) are expected to adopt safeguards that protect clients, confidential information and trade secrets of the business from AI-related risks.

SEC and FINRA have shared that while they remain agnostic to the use of AI, if AI is deployed, financial services firms must consider existing regulatory requirements to address internal controls including supervision and disclosure obligations based on the firm’s use of AI in their business.

Read the article at: https://na2.hubs.ly/H0625nN0

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

06/05/2026

Jacko Law Group, PC Regulatory Tip of the Week
by Michelle L. Jacko

Regulatory and Corporate Governance Considerations for Transitioning Investment Advisers

Investment Advisers transitioning to an independent practice should establish a strong regulatory and corporate governance framework from the outset to support a successful transition.

Key considerations include:
• Establish a strong governance and supervisory structure, including board and committee structure, escalation procedures and oversight responsibilities.
• Engage experienced corporate and securities legal counsel to help provide critical guidance on regulatory and business considerations for transition matters.
• Appoint transitions point person to address common transition operational concerns related to client transitions, recordkeeping, marketing and client communications, contracts, portfolio management, vendor oversight, and regulatory reporting requirements.
• Update Form ADV to accurately reflect your new business structure, ownership, services, fees, and conflicts.
• Conduct regular risk assessments to check for alignment on and adherence to policies and procedures, protocols and servicing of clients.

Integration challenges often exist during transitioning. For more information or assistance with transitioning matters, please contact us at 619.298.2880 or email [email protected].

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

05/29/2026

Jacko Law Group, PC Regulatory Tip of the Week
by Michelle L. Jacko

Protecting Older Investors from Predatory Financial Exploitation

Federal and state regulatory agencies continue to prioritize the financial safety of older and vulnerable investors as scams and other forms of financial exploitation ramp.

According to the FBI National Press Office, older Americans aged 60 and older lost $7.7 billion to cyber-enabled fraud and scams in 2025. This is an alarming 37% increase in losses from 2024.

RIAs have a fiduciary duty to protect their clients even when threats are increasingly difficult to detect or deter as failure to take adequate safeguards can lead to violations.

Best Protective Practices for Older Investors
-Trusted Contact Person (TCP): Advisers should encourage their clients to assign a trusted contact like an adult child, who has authority to act in the elder’s best interest should they suspect potential financial threats or exploitation against the elder.
-Temporary Account Freezes: This permits IAs and BDs to place temporary holds on their clients’ accounts if they suspect wrongdoing, or suspicious activities.
-Training for Staff on Diminished Capacity: Staff training that is focused on recognizing early symptoms of cognitive decline can be a powerful tool in protecting vulnerable clients.

For assistance with implementing stringent safeguards that meet regulatory requirements and protect the ever-growing vulnerable demographic against financial exploitation, please contact us at 619.298.2880 or email [email protected].

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

05/25/2026

This Memorial Day, we pause to honor the men and women who gave their lives in service to our country.

We are grateful for your sacrifice.

Wishing everyone a safe and meaningful Memorial Day.

05/22/2026

Jacko Law Group, PC Regulatory Tip of the Week
by Michelle L. Jacko

Mid-Year Compliance Check: Is Your P&P Manual Up to Date?

Memorial Day is a traditional reminder for firms to assess whether their policies and procedures reflect current regulations, Form ADV disclosures, and operational changes.

Key areas to review for 2026 include:
• Cybersecurity & Regulation S-P: Smaller advisers have until June 3, 2026, to implement a written incident response program covering detection, response, and recovery from unauthorized access to customer information
• Marketing Rule: Firms should incorporate the updated SEC guidance on the marketing rule such as testimonials/endorsements, claims and more
• AI governance: Firms should determine if their AI governance frameworks, like oversight and documentation for any AI use, is comprehensive enough to meet regulatory scrutiny
• AML programs: FinCEN's compliance deadline has been extended to January 1, 2028, but firms should begin building policies now
• Off-channel communications: Continue strengthening books and records policies around personal devices and third-party apps
• Conflicts of interest and fiduciary duty: Revisit disclosures and ensure the information is consistent across all materials.

Once updates are complete, train staff on any new protocols.

Jacko Law Group helps firms evaluate and develop policies and procedures to meet regulatory requirements and manage risk. Contact us at 619.298.2880 or [email protected].

Disclaimer: General information only. Not legal advice. No attorney-client relationship is created.

Address

1350 Columbia Street, Suite 300
San Diego, CA
92101

Website

https://www.jackolg.com/

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