Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW - BrokeAndBroker.com

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

January 12, 2019

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4377/securities-industry-commentator/

Cato Institute v. United States Securities and Exchange Commission, Jay Clayton, and Brent J. Fields, Defendants (Complaint for Declaratory and Injunctive Relief, United States District Court for the District of Columbia)

http://brokeandbroker.com/PDF/CatovSECComplaint.pdf The Cato Institute alleges that it is unconstitutional federal policy to condition civil settlements on a lifetime gag order that prohibits settling defendants from ever denying "any allegation in [the government's] complaint."

2Cir Affirms EDNY Finding of Criminal Intent by Non-Trading Tipper Who Said He Merely "Boasted"

United States of America, Appellee, v. Tibor Klein, Defendant and Robert Schulman, Defendant/Appellant (Opinion, United States Court of Appeals for the Second Circuit)

Hot Nepal Real Estate Market Burns Stockbroker With FINRA Fine and Suspension

(BrokeAndBroker.com Blog

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4376/securities-industry-commentator/

FINRA member firm's arbitration blows up in its face as former employee wins.

In the Matter of the Arbitration Between William and Henry Associates, Claimant/Counter-Respondent, v. Anna Marie Jacob, Respondent/Counter-Claimant/Third-Party v. David Joel Iannini, Third-Party Respondent (FINRA Arbitration)

GUEST BLOG: Tucker Carlson, AOC, and the 70% Tax Rate by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Barred for Starting Broker-Dealer

In the Matter of Charles Gonzalez, Respondent (FINRA AWC)

Fine and Suspension for Discretionary Trading

In the Matter of Gregory Rusnak, Respondent (FINRA AWC )

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4375/securities-industry-commentator/

One of my all-time favorite AWC fact patterns!!! Any other bidders?

In the Matter of Jaime E. Carvallo, Respondent (FINRA AWC)

Oppenheimer TKO'd by Stunning Stockbroker Offset in FINRA EFL Arbitration (BrokeAndBroker.com Blog)

Federal Courts Address Government Shut-down via Amended Standing Order

FINRA NAC Affirms Willful Non-disclosure of Tax Liens by OHO

In the Matter of FINRA Department of Enforcement, Complainant, vs. Todd B. Wyche, Respondent (FINRA National Adjudicatory Council Decision)

FINRA NAC Affirms False Document Findings by OHO

In the Matter of FINRA Department of Enforcement, Complainant, vs. Trevor Michael Saliba Sperry Randall Younger, Richard Daniel Tabizon and Arthur Mansourian, Respondents (FINRA National Adjudicatory Council Decision)

Public Customer Files Kitchen Sink and Laundry List of Complaints in FINRA Arbitration

In the Matter of the Arbitration Between IRA FBO Jerry Lee LaMaack, Claimant, vs. Feltl & Company, Respondent (FINRA Arbitration )

Over $1 million in damages awarded in FINRA Customer Arbitration

In the Matter of the Arbitration Between Rodney Eaves and Melissa Eaves, Claimants, vs. First Financial Equity Corporation, Respondent (FINRA Arbitration)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4374/securities-industry-commentator/

BREAKING NEWS: Supreme Court holds that who decides the threshold arbitrability question is a question of contract; and, accordingly, parties may contractually provide that an arbitrator, rather than a court, will resolve threshold arbitrability questions as well as underlying merits disputes.

Henry Schein, Inc., et al. , Petitioners v. Archer and White Sales, Inc (Opinion, United States Supreme Court, No. 17-1272 586 U. S. ____ (2019) / January 8, 2019]

Expungement Granted to Stockbroker Who Engaged in Defensive Allocation

In the Matter of the Arbitration Between Mark Nudelman, Claimant, v. LPL Financial LLC, Respondent (FINRA Arbitration)

The Pre-Emptive EFL Gambit Starts Anew On 2019 FINRA Arbitration Chessboard (BrokeAndBroker.com Blog)

Customer Complaint of Accredited Investor Who Disregarded Stockbroker's Advice Expunged

In the Matter of the Arbitration Between David Wilford Allen, Claimant, v, Sanford C. Bernstein & Co., LLC, Respondent (FINRA Arbitration)

Expungement Granted to Stockbroker in UBS Puerto Rico Investments Dispute

In the Matter of the Arbitration Between Manuel Ojeda, individually and for Professional Equipment Corp., Claimant, v. UBS Financial Services Inc. and UBS Financial Services Incorporated of Puerto

Rico, Respondents (FINRA Arbitration)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4373/securities-industry-commentator/

BREAKING NEWS: Rajat K. Gupta, Petitioner/Appellant v. United States of America, Respondent/Appellee (Summary Order, United States Court of Appeals for the Second Circuit/ January 7, 2019)

READ FULL TEXT 2Cir Order

CSSC Suspended and Fined and its CEO Smith Barred For Bridge Loans

FINRA Department of Enforcement, v. CSSC Brokerage Services, Inc. and Eric S. Smith (FINRA Office of Hearing Officers, Extended Hearing Panel Decision)

Fine and Suspension for Private Securities Transactions

In the Matter of Gary L. Pevey, Respondent (FINRA AWC)

400 Discretionary Trades Lacked Written Authorization

In the Matter of Frank Fornshell Venable III, Respondent (FINRA AWC)

Two Customer Complaints Expunged

In the Matter of the Arbitration Between Stephen Frederick Cordasco, Claimant, v. Wells Fargo Clearing Services, LLC, Respondent (FINRA Arbitration)

OPEN CALL For BrokeAndBroker.Com Blog Contributors

The Mechanical Stuff

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Big Tent

I welcome all views and perspectives, even when they erroneously conflict with mine. Please do not send me puff or marketing pieces. I want regulatory/legal/compliance commentary on important cases and developing issues. Also, I am seeking thoughtful observations about investing and market trends. Customer advocates and unrepentant industry apologists are all welcome.

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