Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 24, 2020

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5495/securities-industry-commentator/

SEC Issues Record $114 Million Whistleblower Award (SEC Release)

When the Nail Fails - Remarks before the National Society of Compliance Professionals by SEC Commissioner Hester Peirce

Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion (DOJ Release)

SEC Charges Goldman Sachs With FCPA Violations (SEC Release)

South Carolina Man Admits Running $900,000 Foreign Currency Ponzi Scheme (DOJ Release)

Head Of Merchant Bank Pleads Guilty In Connection With Multimillion-Dollar Securities Fraud Scheme (DOJ Release)

Maryland Woman Sentenced to Federal Prison After Obstructing Justice in Cyber Fraud Investigation (DOJ Release)

[In]Securities Guest Blog: A Different Kind of Truth By Aegis Frumento Esq (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5494/securities-industry-commentator/

Insana: Kudlow is wrong, this is not a V-shaped recovery (CNBC by Ron Insana)

NYS Appellate Division Hands Defendants Setback In Lawsuit with Brummer and FINRA (BrokeAndBroker.com Blog)

Federal Court Issues TRO Staying FINRA Arbitration After SRO Summarily Denied Stay

Lincoln Fin. Sec. Corp and Barry Horowitz, Plaintiffs, v. Barbara Foster, et al., Defendants (Ruling on Plaintiff's Motion for a Temporary Restraining Order, DCT)

Vero Beach Man Pleads Guilty To Over $40 Million In Fraud (DOJ Release)

SEC Obtains Final Judgment Against Kik Interactive For Unregistered Offering (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5493/securities-industry-commentator/

Court Denies "Alternate Theory of Guilt" Motion for Dismissal

United States of America v. Michael Watts, Defendant (EDNY Memorandum and Order)

Notice of Filing of a Proposed Rule Change to Amend the FINRA Codes of Arbitration Procedure to Increase Arbitrator Chairperson Honoraria and Certain Arbitration Fees (SEC Notice)

Ex-President of Ohio Healthcare Management Company Pleads Guilty in $59 Million Check Kiting Scheme Targeting S&T Bank (DOJ Release)

Six Defendants Charged in Scheme to Defraud Student Loan Programs of More Than $12 Million (DOJ Release)

FINRA Imposes Fine and Suspension on Rep for Pension Stream PSTs.

In the Matter of Troy R. Baily, Respondent (FINRA AWC)

FINRA Imposes Censure and Fine on Member Firm for Misclassifying Personal Expenses

In the Matter of CapFi Financial Partners LLC, Respondent (FINRA AWC)

FINRA Fines Small Firm And its Owner For Misclassification of Expenses (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5492/securities-industry-commentator/

BREAKING STORY: United States of America, et al., Plaintiffs, v. Google LLC., Defendant (Complaint, United States District Court for the District of Columbia, 20-CV-03010 / October 20, 2020)

Six Russian GRU Officers Charged in Connection with Worldwide Deployment of Destructive Malware and Other Disruptive Actions in Cyberspace / Defendants' Malware Attacks Caused Nearly One Billion USD in Losses to Three Victims Alone; Also Sought to Disrupt the 2017 French Elections and the 2018 Winter Olympic Games (DOJ Release)

Montrose Man Arrested on Wire Fraud Charge that His Adult Entertainment Website Venture Was Million-Dollar Scam (DOJ Release)

Senior Executive Of Venture Capital Funds Pleads Guilty In Manhattan Federal Court To Securities And Wire Fraud (DOJ Release)

SEC Charges Attorney with Assisting Fraudulent Microcap Scheme (SEC Release)

SEC Obtains Final Judgment Against Investment Adviser Who Defrauded Members of the Israeli-American Community (SEC Release)

SEC Obtains Final Judgment Against Individual Charged in Account Takeover Scheme (SEC Release)

Goldman Sachs expects rejection of SEC plan to raise 13F reporting threshold (Reuters by Chuck Mikolajczak)

FINRA Imposes Fine and Suspension on Rep for Discretion in Deceased Customer's Account and Willful Non-Disclosure of Tax Liens

In the Matter of John Henry Geary, Respondent (FINRA AWC)

FINRA Imposes Fine and Suspension on Rep for Signing Customer's Signature

In the Matter of Travis R. Nelson, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5491/securities-industry-commentator/

Rep Sentenced to 90 Months in Federal Prison On 21 Counts (BrokeAndBroker.com Blog)

Former Stockbroker Sentenced In Scheme To Defraud Elderly Victims Through The Sale Of Worthless Stock (DOJ Release)

Orlando Man Pleads Guilty To Multi-Million Dollar Investment Fraud Conspiracy (DOJ Release)

SEC Obtains Judgment Against Colorado Ponzi Scheme Operator (SEC Release)

FINRA Fines and Suspends AMLCO Over Allegedly Failed AML Program Implementation

In the Matter of Thomas Michael Rensvold, Respondent (FINRA AWC)

SEC Updates Auditor Independence Rules (SEC Release)

Promoting an Effective Auditor Independence Framework, by Chairman Jay Clayton

Who Watches the Watchers?* Joint Statement on Auditor Independence Amendments, by Commissioners Allison Herren Lee and Caroline A. Crenshaw

Statement on Order Approving a Wireless Fee Schedule Setting Forth Available Wireless Bandwidth Connections and Wireless Market Data Connections, by Commissioner Hester M. Peirce

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