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

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

February 29, 2020

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5083/securities-industry-commentator/

SEC Charges Wells Fargo In Connection With Investment Recommendation Practices (SEC Release)

NJ Appellate Division Rules Scroll-Down-And-Click Constitutes Enforceable Electronic Signature to Bind Arbitration. Lee Stowell, Plaintiff/Respondent, v. Cantor Fitzgerald & Co., Riaz Haidri, and James Gorman, Defendants/Appellants (Opinion, Superior Court of New Jersey/Appellate Division)

Actor Steven Seagal Charged With Unlawfully Touting Digital Asset Offering (SEC Release)

Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, to Amend NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) and to List and Trade Shares of the United States Bitcoin and Treasury Investment Trust Under NYSE Arca Rule 8.201-E (SEC Order)

Dissenting Statement of Hester M. Peirce in Response to Release No. 34-88284; File No. SR-NYSEArca-2019-39 (SEC Release)

Supreme Court Defines "Actual Knowledge" for ERISA Fraud Disclosure. Intel Corporation Investment Policy Committee, et al, Petitioners, v. Christopher M. Sulyma (US Supreme Court Opinion)

Berks County Accountant Pleads Guilty to Orchestrating One of the Largest Pennsylvania-Based Ponzi Schemes in History (DOJ Release)

Pershing must pay Stanford Ponzi scheme victims $5.6M as fallout grinds on (Financial Planning by By Kenneth Corbin)

SEC Obtains Final Judgment Against Hedge Fund Manager Charged with Defrauding Clients (SEC Release)

SEC Charges South Carolina Energy Companies, Former Executives With Defrauding Investors / Charges Spring From Failed $9 Billion Nuclear Power Plant Expansion (SEC Release)

Trucker sentenced for hauling 300 kilograms of marijuana disguised inside clear wrapping paper (DOJ Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5082/securities-industry-commentator/

[In]Securities Guest Blog: Blinded by the Light by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Real Estate Ponzi Scheme / Rhode Island Woman's Fraud Preyed on Friends and Neighbors (FBI Release)

SEC Charges Penny Stock Dealers with Failing to Register with the Commission (SEC Release)

SEC Charges Georgia Businessman with Affinity Fraud Focused On Christian Investors (SEC Release)

Amazon made a bigger camera-spying store -- so we tried to steal its fruit / It's like other Amazon Go stores, only bigger. But it's a meaningful difference. (Ars Technica by Sam Machkovech)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5081securities-industry-commentator/

Sexual Bondage, Videotapes, Divorce, Criminal Charges, Revenge Porn and FINRA (BrokeAndBroker.com Blog)

7Cir Dismisses Order to Arbitrate Commodities Futures Dispute Citing Rule of Finality. Intl FCStone Financial Inc., Plaintiff/Appellee, v. Dave Jacobson, et al., Defendants/Appellants (7Cir. Opinion)

FINRA Doesn't Like What's Up with Rep's Use of WhatsApp. In the Matter of Paul A. Falcon, Respondent (FINRA AWC)

Rep Fined And Suspended by FINRA for Undisclosed Borrowing from Customer. In the Matter of Terrence E. Bonk, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5080/securities-industry-commentator/

FINRA Fines And Suspends Rep Over Unauthorized Signatures on Self Directed IRA Transfers (BrokeAndBroker.com Blog)

Wells Fargo Agrees To Pay $3 Billion To Resolve Criminal And Civil Investigations Into Sales Practices Involving The Opening Of Millions Of Accounts Without Customer Authorization / $3 Billion Payment Result of Deferred Prosecution Agreement in Criminal Matter, Settlement of Civil Claims under FIRREA and Resolution of SEC Proceedings (DOJ Release)

Wells Fargo to Pay $500 Million for Misleading Investors About the Success of Its Largest Business Unit / Payment Will Be Distributed to Harmed Investors (SEC Release)

SEC Obtains Judgments Against Market Manipulators (SEC Release)

Losing $450,000 in three days: Hackers trick victims into big wire transfers / Fraudsters are stealing billions each year through this type of scam, which uses sophisticated hacking and wire transfers to efficiently move money overseas (Wall Street Journal by Rachel Louise Ensign / February 23, 2020)

Order Approving a Proposed Rule Change to Amend FINRA Rule 12000 Series to Expand Options Available to Customers if a Firm or Associated Person is or Becomes Inactive (SEC Order)

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