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.

08/28/2026

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

Post-Closing Regulatory Counsel: Building a Compliance-Strong Future After a Merger or Acquisition

Closing an M&A transaction is something to celebrate. However, post-closing legal and regulatory review can help ensure the newly combined firm remains aligned with its new regulatory obligations. This step protects against potential issues, and regulatory investigation or enforcement action.

Action Items:

- Update regulatory filings: Review Form ADV, state registrations, ownership disclosures, and other filings to ensure they accurately reflect the transaction and new ownership structure.
- Review client agreements: Confirm that assignments, consent requirements, fee arrangements, and disclosures were properly addressed as part of the transaction.
- Assess inherited liabilities: Identify regulatory, contractual or disclosure issues that may affect the newly formed entity.
- Review conflicts: Evaluate potential conflicts that may result from the creation of the new entity.
- Document the integration: Maintain a clear record of post-closing regulatory decisions, amendments, consents, and remediation efforts.

Post-closing regulatory counsel can help protect the new structure from regulatory pitfalls.

For assistance with post M&A regulatory review, please contact us at 619.298.2880 or email [email protected].

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07wj-x0

&A

08/26/2026

Happy Women's Equality Day from all of us at Jacko Law Group, PC!

Today, we celebrate Women's Equality Day and recognize the women who continue to lead, innovate, and strengthen the legal and financial services industries.

As a woman-owned and operated law firm, we are proud to advocate for our clients while fostering a culture built on integrity, collaboration, and opportunity.

Here's to continuing the work towards women’s equality and expanding opportunities for future generations.

08/25/2026

Law Group Managing Partner Michelle Jacko recognized in the 2027 edition of The Best Lawyers in America®.

We are thrilled to share that Michelle has been recognized by the Best Lawyers in America® for Corporate Law in San Diego for 2027. This marks Michelle’s third consecutive year of recognition by Best Lawyers®.

Please join us in congratulating Michelle on this well-deserved honor!

08/21/2026

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

FINRA Proposes New Tools for Faster Response to Potential Fraud or Financial Exploitation

FINRA has proposed new tools to equip member firms to act quickly when there is suspicion of fraud or financial exploitation. The proposal includes new Rule 2166, which would allow firms to temporarily delay a transaction for up to 10 business days when there is suspicion of fraud.

The proposal also would expand protections against the financial exploitation of vulnerable adults by extending the maximum hold period from 55 days to 145 days.
In addition, FINRA would encourage the use of trusted contacts by allowing firms to use the term “emergency contact” and making it easier for customers to designate a trusted or emergency contact across multiple accounts.

Firms can prepare for these proposals by:
- Reviewing existing protocols for suspected fraud and financial exploitation
- Training personnel to recognize potential fraud and understand escalation procedures
- Reviewing procedures for maintaining trusted/emergency contact information

*Please note that the proposed changes are not in effect.

You can learn more about the recent FINRA proposals at: https://na2.hubs.ly/H07mYTJ0

The protection of vulnerable adults, particularly those who are elderly, is of paramount importance. Having strong internal controls and responses to what to do in the case of diminished capacity, elder abuse, fraud and financial exploitation is just the beginning.

If you require assistance with developing these protocols or responding to an event of fraud or financial exploitation, contact us at 619.298.2880 or email [email protected].

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07n5d70

08/19/2026

Jacko Law Group, PC Expungement Tip by Amandeep Kalhar

“Settling” is Not FINRA Expungement

Does “settling” a customer complaint mean the complaint is expunged from my FINRA record? Not necessarily.

Resolving a customer complaint and expunging customer dispute information are separate processes. Even when a customer acknowledges that a registered representative did nothing wrong, agrees that no further action should be taken, or agrees to settle the dispute, that agreement does not, by itself, establish grounds for expungement.

Under FINRA Rules 12805 and 13805, expungement may be feasible if:
- The claim, allegation or information is factually impossible or clearly erroneous;
- The registered person was not involved in the alleged misconduct; or
- The claim, allegation or information is false.

Key steps to pursue expungement:
- Evaluate whether the matter meets FINRA’s narrow expungement criteria.
- Address expungement during the customer arbitration or through a separate arbitration proceeding, as appropriate.
- Present evidence supporting the applicable ground for expungement.
- Obtain an arbitration award recommending expungement or pursue the required court confirmation directing expungement.
- Confirm that the expungement is reflected in CRD/BrokerCheck.

Expungement is an extraordinary remedy. Proper planning can help protect your professional record and reputation.

For assistance with FINRA expungements or if you would like to discuss your case, please contact us at 619.298.2880 or email [email protected].

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07jGLz0

08/18/2026

In June of 2026, the SEC issued a Risk Alert (https://na2.hubs.ly/H07h95R0) reminding investment advisers of their fiduciary duty to make disclosures that satisfy regulatory obligations on economic conflicts of interest. This area has been an exam priority since 2021, however, SEC Exam staff reiterated this, highlighting enhanced focus on areas where noteworthy gaps were found.

According to the Alert, when faced with an economic conflict of interest, advisers must either:
- Eliminate a conflict or
- Disclose it fully and fairly enough that clients can give informed consent.

Thorough and transparent disclosure of economic conflicts of interest is paramount to satisfying this fiduciary duty.

Read more: https://na2.hubs.ly/H07h7YB0

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07h8cd0

08/14/2026

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

Drafting an AI Policy: Does It Address Your Regulatory Risks?

Investment advisers and other financial service providers are increasingly using AI for research, automation, client communications, and other business operations. Many understand the importance of adopting an AI policy, however, there remains a gap in developing an effective policy that meets regulatory requirements.

Key considerations when drafting an AI policy:
- Define permitted use: Establish approved AI tools and how employees may use them in connection with firm activities.
- Protect confidential information: Establish clear rules on entering client information, material nonpublic information, proprietary data, or other sensitive information into AI platforms.
- Require human oversight: Require human review and approval of all AI-generated content before it is distributed.
- Maintain books and records: Document and retain records of AI tools, and how they are used for business activities.
- Establish supervision and testing: Assign responsibility for monitoring AI use and periodically test whether employees are following the policy.
- Review third-party providers: Carefully conduct due diligence on all third-party vendors to ensure they have adequate safeguards to protect your clients’ personally identifiable information and the firm’s confidential and proprietary information.

An effective AI policy should establish how AI is used within the business, who can use it how it can be used, what safeguards apply, and how the firm will monitor and document that use.

For assistance with developing and reviewing your AI policy, please contact us at 619.298.2880 or email [email protected]

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07bHv-0

08/13/2026

Jacko Law Group, PC Litigation Tip by Dharmi Mehta

Leaving a Firm With Outstanding Financial Obligations

Financial professionals leaving large firms should carefully evaluate any outstanding promissory notes, forgivable loans, chargebacks, transition payments, or other repayment obligations before resigning.

Departure often accelerates repayment obligations, and firms may pursue collection through FINRA arbitration, court proceedings, or contractual offset rights.

Ignoring these obligations can quickly turn a planned transition into expensive litigation involving attorneys’ fees, interest, arbitration costs, and potential counterclaims. Even where the amount owed is disputed, failing to address the issue before departure can reduce negotiating leverage and complicate the transition to a new firm.

Key steps before leaving a firm:
-Understand any outstanding debts owed to the firm.
-Review compensation agreements, promissory notes and repayment provisions, and chargeback schedules with counsel.
-Explore repayment options including terms, discounts, offsets or payment arrangements

Advisers should make all effort to resolve outstanding financial obligations as failure to do so can expose them to litigation.

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

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H078n5R0

08/11/2026

As AI use becomes more commonplace, advisers should consider whether their client agreements adequately describe how these AI tools are used and the safeguards put in place to protect client information.

This recent article by Jacko Law Group, PC focuses on why advisers should consider updating their client agreements with appropriate disclosures regarding the firm's use of AI.

Read the article: https://na2.hubs.ly/H076bcp0

Disclaimer: Attorney Advertising. General information only, not legal advice. No attorney-client relationship is formed.

Jacko Law Group, PC | 1350 Columbia St., Unit 300, San Diego, CA 92101 | https://na2.hubs.ly/H07686h0

08/07/2026

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

Can You Demonstrate a Culture of Compliance?

An SEC examiner asks, "Tell me about your compliance program." Explaining your compliance program is good. Demonstrating it is even better.

A true culture of compliance is not measured by the policies sitting in a binder, it is demonstrated through documented actions, decision-making processes, and behaviors that show how your firm operates.

Here's how to demonstrate it in real time:
- Top-down compliance: Leadership and senior management can clearly explain their role in supporting compliance and managing risk without deferring every question to the CCO.
- Compliance embedded in business decisions: Compliance is actively considered when evaluating new products, marketing initiatives, AI tools, vendors, or acquisitions before implementation.
- Employee understanding: Staff can confidently explain applicable policies, escalation procedures, and how compliance responsibilities fit into their day-to-day roles.
- Ongoing testing and remediation: Available documentation showing regular testing, identified deficiencies, corrective actions, and follow-up to demonstrate that issues are identified and resolved.
- Documentation and recordkeeping: Meeting minutes, risk assessments, training records, compliance calendars, and testing logs should consistently reflect an active and evolving compliance program.

The strongest demonstration of compliance is what your people, processes, and documentation show without hesitation. During an SEC examination, tangible evidence of your compliance efforts tells a far stronger story than policies that exist only on paper.

If you would like help in enhancing, demonstrating and documenting your compliance culture, contact us at 619.298.2880 or email [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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