Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 5, 2019

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4832/securities-industry-commentator/

KPMG Executive Pleads Guilty To Fraudulent Scheme To Steal Confidential PCAOB Information And Use That Information To Fraudulently Improve KPMG Inspection Results (DOJ Release)

Getting the Girl to Do It On Wall Street (BrokeAndBroker.com Blog)

FINRA Bars Rep Over Forgeries. In the Matter of Cristina Sabengsy, Respondent (FINRA AWC)

Rep's Use of White-Out Erases Clean FINRA Regulatory Record. In the Matter of Peter Allan Earp, Respondent (FINRA AWC)

FINRA Fines ABN Amro Clearing for Incorrect Margin Calculations. In the Matter of ABN AMRO Clearing Chicago LLC, Respondent (FINRA AWC 2016049875801)

FINRA NAC Modifies Findings and Sanction in CL King Appeal. FINRA Department of Enforcement, Complainant, v. C.L. King & Associates, Inc. and Gregg Alan Miller, Respondents (National Adjudicatory Council Decision, Disc. Proc. 2014040476901 / October 2, 2019)

Founder Of Meridian Capital Asset Management Pleads Guilty In Manhattan Federal Court To Conspiring To Commit Securities And Wire Fraud (DOJ Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4831/securities-industry-commentator/

FINRA Fines UBS Financial Services Inc. $2 Million for Continued Failures Relating to Short Positions in Municipal Securities / Firm Inaccurately Represented the Tax Status of Thousands of Interest Payments to Customers; Restitution Ordered (FINRA Release)

AG James Imposes $12.5 Million Penalty On Brokerage Firms For Martin Act Violations (NYAG Release)

New Jersey Court Sustains Banking/Insurance Commissioners Penalties. Marlene Caride, Commissioner, New Jersey Department of Banking and Insurance, Petitioner/Respondent, v. Randolph A. Fisher, Jr., Kevin G. Madden, and Regal Financial Group, LLC, Respondents/Appellants (Opinion, Superior Court of New Jersey/Appellate Division)

[In]Securities Guest Blog: Singin' the Varsity Blues, Part 2: Whose Intentions Are Good by Aegis Frumento (BrokeAndBroker.com Blog)

SEC Obtains Final Judgment Against Investment Banker Charged in Insider Trading Scheme (SEC Release)

SEC Obtains Final Judgments Against Lek Securities and CEO in Layering, Manipulation Case Litigation Continues Against Ukraine-Based Firm, Individuals (SEC Release)

Defendants Charged in Fraudulent ICO to Pay Nearly $7 Million (SEC Release)

Dark Web Vendors Plead Guilty to Cryptocurrency Money Laundering Conspiracy (DOJ Release)

'The IPO process has devolved,' tech investor Bill Gurley says as he leads a direct listing movement (CNBC.com by Lauren Feiner)

Market Regulation Enforcement: Ensuring Market Integrity (FINRA Unscripted)

FINRA 2019 Industry Snapshot

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4830/securities-industry-commentator/

Another Obituary for Wall Street (BrokeAndBroker.com Blog)

Congressman Christopher Collins Pleads Guilty To Insider Trading Scheme And Lying To Federal Law Enforcement Agents / Christopher Collins resigned his seat in Congress on September 30, 2019 (DOJ Release)

Kansas Woman Convicted in Scam Targeting Homeowners Facing Foreclosure (DOJ Release)

Real News? Fake News? Real Person? Fake Person?

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4829/securities-industry-commentator/

Featured in today's Securities Industry Commentator is an astounding 20 cases involving Wall Street's criminal, regulatory, and compliance scene. As prosecutors and regulators end their fiscal year, the rush is on to close 2019 matters. And what a rush it is! A one-day plethora of perfidy!! Presented for your consideration are matters involving theft, fraud, Ponzi schemes, scams, crimes, cover-ups, obstruction, broker dealers, stockbrokers, associated persons, whistleblowers, terminations, discharges, RIAs, IARs, SEC, DOJ, FINRA, Blockchain, Bitcoin, ICO, Internet, Infomercials, Binary Options, Hedge Fund, Funds, Arbitration, and Cattle. It's a world of fraud and crime and plain-old misconduct.

SEC Orders an Additional 16 Self-Reporting Advisory Firms to Pay Nearly $10 Million to Investors / Orders Firm That Did Not Self-Report to Pay $300,000 Penalty for Disclosure Failures (SEC Release)

SEC Charges Illinois Investment Adviser for Stealing His Clients' Money (SEC Release)

SEC Charges Former Idaho Falls Investment Adviser and Its Former Principals for Fraudulently Overbilling Clients (SEC Release)

SEC Announces Fraud Charges Related to Wisconsin Investment Fund (SEC Release)

Scammer who re-victimized unhappy investors sentenced to 30 months in prison / Accepted thousands in payments while making false claims that he could recover money from bad investments (DOJ Release)

Robinhood Associate Takes Firm's Name A Bit Too Seriously. In the Matter of Hannah Burgess, Respondent (FINRA AWC 2019062603701)

SEC Orders Blockchain Company to Pay $24 Million Penalty for Unregistered ICO (SEC Release)

SEC Charges Internet Marketers with Swindling Main Street Investors Through Phony Infomercials (SEC Release)

SEC Charges Three Individuals with Deceiving Main Street Investors Through the Sale of Binary Options

SEC Obtains $6.8 Million Fraud Judgment Against Purported Cryptocurrency Company Longfin Corp. (SEC Release)

Principal Of Cryptocurrency Escrow Company Indicted For $7 Million Fraudulent Scheme (DOJ Release)

CFTC Charges Individual with Multi-Million Dollar Bitcoin Fraud (CFTC Release)

FINRA Suspends Former Wells Fargo Rep For 8 Years of Emails. In the Matter of Raleigh Kraft, Respondent (FINRA AWC)

Financial Adviser Charged In Multimillion-Dollar Ponzi Scheme (DOJ Release)

SEC Charges Connecticut Man with Ponzi Scheme Defrauding Retail Investors (SEC Release)

SEC Charges Hedge Fund Adviser and Top Executives With Fraud (SEC Release)

SEC Charges Brooklyn Man and His Entity for Selling Unregistered Shares (DOJ Release)

SDFL Orders FINRA Arbitration of Deutsche Bank Securities Claims

SEC Charges Two North Carolina Individuals with Operating a Nearly $6 Million Fraudulent Investment Scheme (SEC Release)

SEC Shuts Down Massive "Cattle-Flipping" Investment Scheme (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4828/securities-industry-commentator/

White House deliberates block on all US investments in China (CNBC.com)

Scandal-plagued Wells Fargo names BNY Mellon's Charles Scharf as CEO (CNBC.com)

Former Beazer Homes Chief Accounting Officer Loses Stay of SEC Suspension

(BrokeAndBroker.com Blog)

SEC Charges Hologram Company and Its CEO with Fraud and Registration Violations (SEC Release)

Defendant sentenced for a second time for using counterfeit checks to buy United States Postage Stamps (DOJ Release)

Mylan to Pay $30 Million for Disclosure and Accounting Failure Relating to EpiPen (SEC Release)

Automaker to Pay $40 Million for Misleading Investors (SEC Release)

https://www.sec.gov/news/press-release/2019-196

Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest (SEC Release)

CFTC Announces Approximately $7 Million Whistleblower Award (CFTC Release)

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Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

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