When to Hire Regulatory Compliance Counsel: Red Flags and Best Practices

As a member of the financial industry, you need to be aware of the numerous rules and regulations imposed and enforced by regulatory agencies like the Securities and Exchange Commission (SEC), states, and the Financial Industry Regulatory Authority (FINRA). It can be difficult to keep up with the latest regulatory rules and amended regulations, which can leave you vulnerable to enforcement action and other unwanted consequences. In today’s dynamic landscape of seemingly constant rule changes announced by the regulators, keeping up with your compliance obligations can be a daunting task. Enlisting the guidance of a knowledgeable and experienced regulatory compliance attorney for business is a good way to ensure that you fully understand your regulatory compliance reporting requirements so that your company can avoid potential legal and compliance issues in the future. Seeking out business compliance legal support also allows you and your company to continue operating more efficiently and smoothly, as you will better understand how to remain compliant moving forward. The dedicated and highly qualified legal team at Jacko Law Group, PC, is committed to excellence in everything we do. Our skilled regulatory compliance attorneys are ready to provide you with the customized legal strategies and the representation you need to secure a successful resolution. Let’s take a closer look at some key signs you need a compliance lawyer and why seeking an experienced securities counsel can improve your chances of resolving any issues as smoothly and efficiently as possible.

Understanding the Role of a Regulatory Compliance Lawyer

Companies in need of legal help for regulatory compliance issues can enlist the guidance of a trusted and experienced regulatory compliance attorney to evaluate their options for resolving these matters. Regulatory compliance attorneys often serve and assist businesses with regulatory interface, particularly in the case of SEC, state or FINRA exams, or enforcement actions. They also provide strategic guidance on new products and services by providing risk mitigation strategies to deploy to protect the firm and its customers. This enables you to work with knowledgeable legal experts who have considerable experience to resolve your concerns and provide creative solutions with efficiency, care, and professionalism at every level.

Red Flags That Signal You May Need a Regulatory Compliance Attorney

Recognizing when to hire a regulatory compliance lawyer is important so that you and your company can take proactive steps to address any potential issues as quickly as possible. Below are just a few regulatory compliance red flags that are often signs you need a compliance lawyer.

Rapid Business Growth or Expansion

Whenever a business is planning to expand, it’s important to thoroughly understand the accompanying regulatory compliance requirements and considerations. If your company is thinking about entering new markets, launching new products, or scaling your operations considerably, discussing these plans with a skilled and knowledgeable regulatory compliance attorney is highly recommended to ensure that the expansion of your business proceeds with greater ease.

Complex Contractual Obligations

All contracts relating to your business should sufficiently protect your best interests and be worded as clearly as possible so that every party understands their rights, roles, and responsibilities. Some contractual matters can be complex, nuanced, and difficult to parse without the specific guidance of an experienced business contracts attorney. Our firm can assist you with complex contractual obligations, including M&A activity,, multi-jurisdictional agreements, corporate governance agreements (such as membership or shareholder agreements), exit planning, and many other areas.

Frequent or Recent Regulatory Changes

Government agencies and regulatory bodies like FINRA, the SEC, and states strive to protect investors.. To that end, they often announce rule changes or amendments to advance investor protections. Working with a trusted regulatory compliance attorney is highly recommended to help you keep up with the most recent rule changes and avoid potential penalties or enforcement actions.

Internal Compliance Failures or Investigations

Whenever an issue arises within your organization, it’s worth discussing your options with a knowledgeable and highly experienced regulatory compliance lawyer. Together, you can discuss the specifics of the situation, whether it pertains to missed reporting deadlines, prior violations, audit failures, or other compliance issues, and identify the most appropriate course of action that improves your chances of resolving the matter with minimal disruption to your business and its operations.

Interactions With Regulatory Bodies

Learning that you or your company is the subject of an investigation into some form of misconduct can be upsetting and stressful. Your response to inquiries from the SEC, FINRA, or other regulatory bodies needs to be prompt and carefully crafted. You should seriously consider working with a seasoned regulatory compliance lawyer who can help you respond to these inquiries as strategically as possible while protecting your rights and best interests at every opportunity.

Risk of Litigation or Whistleblower Complaints

In some cases, a regulatory compliance matter escalates into a complex legal dispute that may require litigation. With so much on the line, it’s essential that you work with an established corporate and securities law firm that knows how to defend your best interests and advocate for a fair and just outcome. Whether you are struggling with legal exposure due to employee actions, vendor misconduct, or internal control gaps, Jacko Law Group, PC, is ready to get to work on your behalf.

Best Practices For Hiring and Working With a Regulatory Compliance Lawyer

Generally speaking, it’s best to take a proactive approach to regulatory compliance to avoid costly mistakes or legal woes later on. Without putting clear and effective strategies in place, your company will likely be overwhelmed in the event of a compliance breach—which can be both unnecessarily risky and expensive. When you work with a seasoned legal professional who is deeply familiar with the securities regulatory landscape, you can feel confident that you will be able to quickly and effectively resolve—or prevent altogether—any conflicts that arise. Now’s the time to start giving your company the robust protections it deserves. Reach out to the caring and trusted team of regulatory compliance experts at Jacko Law Group, PC, today to get started.

At Jacko Law Group, PC, your best interests are always our top priority. We are committed to delivering exceptional legal services to every client we serve, working hard to help them achieve a successful outcome. Please give us a call today at (619) 298-2880 to get started with a highly qualified and trusted regulatory compliance attorney.