Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

December 5, 2020

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5566/securities-industry-commentator/

Customer's Annuities Lawsuit Backfires During FINRA Arbitration (BrokeAndBroker.com Blog)

Brummer v. Wey Parties Enter Into Joint Stip for Teleconferencing Depositions of Former FINRA Exec Ketchum and Current CLO Colby

SEC Charges The Cheesecake Factory For Misleading COVID-19 Disclosures (SEC Release)

Former CEO and Founder of Technology Company Pleads Guilty to Investment Fraud Scheme (DOJ Release)

Former Investment Manager Charged in Scheme to Defraud Life Insurance Company (DOJ Release)

Maryland Lawyer Charged with Defrauding Financial Institutions and Other Entities to Obtain Control over $12.5 Million of Somali Sovereign Assets (DOJ Release)

Vitol Inc. Agrees to Pay Over $135 Million to Resolve Charges for Bribery Schemes in Latin America / First Ever Parallel Foreign Bribery Enforcement Action with the Commodity Futures Trading Commission (DOJ Release)

CFTC Orders Vitol Inc. to Pay $95.7 Million for Corruption-Based Fraud and Attempted Manipulation / First CFTC Enforcement Action Involving Foreign Corruption (CFTC Release)

FINRA Fines Member Firm for AML Testing

In the Matter of Great American Investors, Inc., Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5565/securities-industry-commentator/

The Future of Finance Is in Wealth Management and Retail Trading / A look at the data shows where the industry's money is being made (Bloomberg by Jennifer Surane, Sridhar Natarajan, and Larry R Tabb)

Licensed Attorney And Disbarred Attorney Charged With Securities Fraud For Roles In Fraudulent Opinion Letter Scheme (DOJ Release)

SEC Charges Disbarred New York Attorney and Florida Attorney with Scheme to Create False Opinion Letters (SEC Release)

Energy Companies Agree to Settle Fraud Charges Stemming From Failed Nuclear Power Plant Expansion (SEC Release)

FINRA Amends Its Equity Trade Reporting Rules Relating to Timestamp Granularity (FINRA Notice to Members)

FINRA Fines and Suspends Former NYLIFE Associated Person For Impersonation (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5564/securities-industry-commentator/

FINRA Sanctions Former Morgan Stanley and UBS Reps Over Misuse of Customer Information (BrokeAndBroker.com Blog)

SEC Awards Over $6 Million to Joint Whistleblowers (SEC Release)

Long Island Man Charged with Defrauding Investors / Defendant Allegedly Misappropriated More Than $700,000 in Investor Funds (DOJ Release)

SEC Charges Boiler Rooms Operator with Defrauding Retail Investors (SEC Release)

San Antonio Father and Son Arrested for Alleged Ponzi Scheme (DOJ Release)

Florida Attorney Admits Role in $7.5 Million Bank Extortion Scheme (DOJ Release)

SEC Charges Unregistered Investment Adviser with Defrauding Puerto Rico Municipality (SEC Release)

CFTC Division of Enforcement Issues Annual Report / Agency Ordered Over $1.3 Billion in Monetary Relief and Brought Record Number of Actions in FY 2020 (CFTC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5563/securities-industry-commentator/

The LPL Stockbroker, The Customer Lawsuit, The Expungement Arbitration, and The SLAPP Lawsuit (BrokeAndBroker.com Blog)

JPMorgan Traders Set for Up to 20% Bonus Jump After Record Year (Bloomberg by Michelle F Davis and Sridhar Natarajan)

Pennsylvania Attorney Sentenced for Role in $2.7 Million Ponzi Scheme (DOJ Release)

Lead Defendant Pleads Guilty in Long Island Federal Court to Transnational Fraud Scheme / Callers Based in India Impersonated Federal Employees and Netted Over $2 Million From Victims Across the United States (DOJ Release)

Owner and Operator of India-Based Call Centers Sentenced to Prison for Scamming U.S. Victims out of Millions of Dollars (DOJ Release)

SEC Charges Florida Firm and Executive with Operating an Affinity Fraud Targeting the Haitian-American Community (SEC Release)

Judgment Entered in Microcap Pump and Dump Scheme Targeting Elderly Retail Investors (SEC Release)

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