Slow progress has been made in the past three years on instituting “critical” parts of the Dodd-Frank Act, according to recent comments by the Obama Administration. President Obama voiced his frustrations with the slow progress of financial overhaul regulations on Monday in a closed-door meeting with federal regulators and lawmakers. He particularly emphasized the need to avoid another financial collapse like 2008, when the market crashed, in part, from risky mortgage lending that created the “housing bubble” in 2006 and 2007.
Read MoreJacko Law Group Blog
Recently, the Securities and Exchange Commission (“SEC”) issued an Order Instituting Administrative Cease-and-Desist Proceedings against Ronald S. Rollins (“Rollins”) of Plainfield, New Jersey (Rel. 34-70058). Rollins is the former Chief Compliance Officer (“CCO”) of Comprehensive Capital Management, Inc. (“CCM”), a registered investment adviser firm. Some of the violations referred to in the Order include: Rollins’ failure to reasonably supervise, aiding and abetting, and failure to comply with CCM’s custody policy. For purposes of this blog posting, only the last violation will be discussed in greater detail.
Read MoreLegal Tip Archive
- September 2011 (5)
- April 2014 (5)
- August 2014 (5)
- September 2015 (5)
- August 2011 (4)
- October 2011 (4)
- June 2012 (4)
- July 2012 (4)
- August 2012 (4)
- October 2012 (4)
- November 2012 (4)
- January 2013 (4)
- March 2013 (4)
- April 2013 (4)
- May 2013 (4)
- June 2013 (4)
- September 2013 (4)
- October 2013 (4)
- January 2014 (4)
- February 2014 (4)
- March 2014 (4)
- May 2014 (4)
- June 2014 (4)
- July 2014 (4)
- December 2014 (4)
- January 2016 (4)
- November 2011 (3)
- December 2011 (3)
- January 2012 (3)
- February 2012 (3)
- April 2012 (3)
- May 2012 (3)
- September 2012 (3)
- December 2012 (3)
- July 2013 (3)
- August 2013 (3)
- November 2013 (3)
- December 2013 (3)
- January 2015 (3)
- February 2015 (3)
- March 2015 (3)
- July 2015 (3)
- August 2015 (3)
- November 2015 (3)
- February 2016 (3)
- March 2012 (2)
- February 2013 (2)
- October 2014 (2)
- November 2014 (2)
- April 2015 (2)
- May 2015 (2)
- June 2015 (2)
- October 2015 (2)
- December 2015 (2)
- July 2011 (1)
- September 2014 (1)