As of January 1, 2013, rule AB 1844went into effect in California, effectively banning California employers from asking job seekers and workers for their usernames and passwords on social networking accounts. In addition to this, AB 1844 also bans employers from discharging or disciplining employees who refuse to divulge such information under the terms of the bill. However, this restriction does not apply to passwords or other information used to access employer-issued electronic devices.California was among six states to pass laws that have made it illegal for companies to request social networking passwords or nonpublic online account information from their employees or job applicants. Illinois, Michigan, Maryland, Delaware and New Jersey also have similar laws. Congress wasn't able to pass their proposed Password Protection Act of 2012, prompting these and other states to consider such statutes.This new law in California, as well as those passed or being considered in other states, will potentially make compliance that much more difficult for Registered Investment Advisers (“RIAs”). On January 4th, 2012, the SEC issued guidance on an RIA’s use of social media in a new National Examination Risk Alert, Investment Adviser Use of Social Media(the “Alert”). The Alert gave a list of factors for RIAs to consider in developing an effective compliance oversight program with respect to the use of social media. One such factor was to include sampling, or search methodologies, to monitor content and communications by employees. Under the new law, employers will only be able to monitor that information which is “public” and can be seen without the use of a password, potentially hamstringing an employer’s ability to discover improper postings by employees.In light of this change, firms should be sure to update their compliance oversight program to accommodate the new rule. Furthermore, compliance personnel should continue to educate all employees on the firm’s compliance requirements regarding postings related to the firm on social media sites, as non compliance could lead to sanctions by the SEC and other regulatory bodies.For further information on this, or other related topics, please contact us at [email protected] or (619)298-2880.
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Dharmi is an excellent securities lawyer who understands the law as it pertains to these cases. She is extremely proactive and represents her clients well. I highly recommend Jacko and Dharmi.Posted on Google
Danielle MartinI’ve had the privilege of working closely with this firm in my role as Chief Compliance Officer and I can confidently say they are an exceptional compliance partner. Their depth of experience is immediately evidentand they bring a level of practical knowledge. What I truly enjoy is their ability to translate complex regulatory requirements into plain English, often using real, everyday examples that make implementation far more manageable. They are also incredibly responsive and reliable. In a field where timing matters, their prompt communication and thoughtful guidance have been invaluable. If you’re looking for a compliance attorney who combines expertise, clarity, and professionalism, I highly recommend them.Posted on Google
Curt RoccaMichelle and the team at Jacko Law Group have helped guide through a variety of critical circumstances as we ventured through the uncharted and unfamiliar territory of becoming and successfully operating as an RIA. I have particularly appreciated Michelle's personal involvement and genuine caring about us and our organization. She has been responsive and her counsel has been consistently on-point and helpful. She artfully guided us through our initial filing process and first SEC exam process - which went very well. Very grateful to Michelle and her team.Posted on Google
Nicholas Di PaoloMichelle and her team were excellent to work with, front to back. They helped me to understand the challenges ahead and were always proactive in their consultation through every step of my transition. JLG truly know the wealth management industry very well and did a great job of understanding the challenges unique to my business. Without them, I can confidently say I would not have felt as comfortable through the transition as I did. Fortunately, that's not something that stops there - Michelle and her team have kept in touch to ensure that I'm on top of certain administrative issues, trends, and simply showing me that they care about my business and success. I look forward to continuing to work with them for many years to come.Posted on Google
Margery NeisDharmi Mehta was extremely helpful when my business partner and I transitioned to a new RIA firm. She and her staff were all very professional. Her guidance during our transition was invaluable. I highly recommend Dharmi and Jacko Law Group.Posted on Google
Joseph BurwellDharmi and Amandeep were a delight to work with. They assisted me with a claim and stuck with me the entire way through. Dharmi's advice was invaluable, and I was most impressed by her clear and professional communication. From beginning-to-end, both Dharmi and Amandeep kept me well informed. Their entire team are proud of their work and rightfully so. Thank you!Posted on Google
Faruk JafferMy mentor once told me that a good attorney is worth their weight in gold — and that couldn't be more true of Michelle and Amanda. Their expertise, professionalism, and responsiveness were top notch every step of the way. It's rare to find legal partners who are not only sharp and thorough, but also genuinely invested in your success. I’m grateful for their guidance and highly recommend them to anyone seeking trusted legal counsel.Posted on Google
everistus etafoIt is my great Privilege to share my Review of what Atty Dharmi Mehta of Jacko Law Group did for me and by extension for my family. From the first time complimentary conversation we had having spoken to several other Lawyers ,l knew she was the right person for the Job .Because of her background as a former RR ,she was professional,kind, Empathetic,listened and was focused on fighting for me. From a potential of been terminated with cause ,l was able to walk away with a clean U5 with a validation that l did nothing wrong except what was in the best Interest of my clients. I hope nobody ever has to go through what l have Experienced, but if you do ,you want Dharmi Mehta beside you .Rest assured your service Deserve 10 stars but this forum only allows 5. Me and my family are forever grateful and will make sure that any RR who needs an advocate will know about you . Everistus EtafoPosted on Google
Karen AlthausI have worked with Jacko Law Group for 2 different business situations that necessitated an attorney. In both cases, the team was very thorough & competent. Their attention to our situation and the extra effort they put into our case(s) was very much appreciated. I would highly recommend Jacko Law Group!
