Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

July 18, 2020












Lessons from the Awkward Life and Death of the Segway / The "personal transporter" promised to change cities back in 2001. It didn't. But its demise should be a warning for today's urban mobility disrupters. (Bloomberg by Nolan Gray and Katarina Hall)

Twitter hacking spree alarms experts concerned about the platform's security (Reuters  by Joseph Menn and Raphael Satter)

Top EU court ditches transatlantic data transfer deal (Reuters by Foo Yun Chee and Marine Strauss)

West Hollywood Man Sentenced to Five Years in Federal Prison for Modern Art Fraud Scheme Involving Sale of Bogus Works (DOJ Release)

New Yok [sic] Man Charged With Wire Fraud In Alleged Multi-Million Dollar Cryptocurrency Investment Scheme / Defendant Allegedly Conned His Victims Into Investing More Than $4.5 Million In Assets (DOJ Release)

SEC ALJ Orders Liu-inspired Supplemental Briefing About Impact of Bonuses on Unjust Enrichment
In the Matter of Laurie Bebo and John Buono, CPA (SEC Order)

FINRA Arbitrators Dismiss TIC Claims As Stale
In the Matter of the Arbitration Between Brenda Rossman, Claimant, v. Investment Architects, Inc., Respondent (FINRA Arbitration Award)

FINRA Imposes Fine and Suspension for Willful Failure to Timely Amend/Correct Form U4 to Disclose Judgment
In the Matter of Zahir H. Kanji, Respondent (FINRA AWC)

[In]Securities Guest Blog: Click Boom by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Bridgewater Over Troubled FINRA Waters (BrokeAndBroker.com Blog)

Vote for Stephen Kohn for 2020 FINRA Small Firm Governor (BrokeAndBroker.com Blog)




Bridgewater Associates found to have 'manufactured' false evidence against ex-employees (Reuters)

COVID-19 claims the lives of four Broadridge employees and two of its subcontractor's staff, while another contractor's policies exposed workers, raising questions about SEC 'essential work' rules / The New York-based proxy administrations and technology giant of 10,000-employees blames outsourcers for not abiding by its standards for health, safety; others wonder whether the SEC and FINRA created harmfully inflexible, letter-of-the-law rules in pandemic. (RIABiz by Oisin Breen)

Amateur J.C. Penney Traders Beg Judge to Save Them From Wipeout (Bloomberg by Eliza Ronalds-Hannon)

New Hampshire investigates Merrill Lynch after clients allege $200 million in damages (CNBC by Dawn Giel, Scott Cohn, Scott Zamost, and Louise Connelly)

SEC Charges App Developer for Unregistered Security-Based Swap Transactions (SEC Release)

CFTC Sanctions Two Firms Offering Digital Asset-Based Swaps for Illegal Off-Exchange Trading and Registration Violations (CFTC Release)

Exclusive: Trump administration to soon end audit deal underpinning Chinese listings in U.S. - official (Reuters by Humeyra Pamuk, Alexandra Alper)

Robert Shiller warns that urban home prices could decline (CNBC by Elizabeth Schulze)

Renting and Homebuying Swap Roles in the Covid-19 Market / Normally, people prefer to rent in recessions. This time they'd rather buy. (Bloomberg by Conor Sen)

Time to Tell America's Dogs This Arrangement Won't Last Forever (Bloomberg by Arianne Cohen)