Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

January 16, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5639/securities-industry-commentator/

SEC Awards Nearly $600,000 to Whistleblower (SEC Release)

FINRA Margin Arbitration Proves All That Glitters Is Not Goldman Sachs (BrokeAndBroker.com Blog)

Justice Department Issues Favorable Business Review Letter to Institute of International Finance for Sovereign Debt Information Sharing Principles (DOJ Release)

Bristol Woman Pleads Guilty to Conspiracy to Defraud Financial Institutions (DOJ Release)

SEC Obtains Final Judgment Against Kerry L. Hoffman (SEC Release)

FINRA Fines and Suspends Rep for Preparing Tax Returns

In the Matter of Robert Leslie Mandau, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5638/securities-industry-commentator/

Wells Fargo Collects Underpants and Makes Profit But Can't Prove Phase 2 Arbitration Agreement (BrokeAndBroker.com Blog)

Las Vegas Resident Sentenced to Prison for Elder Fraud Scheme (DOJ Release)

Texas man and woman behind My Buddy Loans charged with filing hundreds of fraudulent applications for COVID relief (DOJ Release)

FINRA Imposes Fine and Suspension for Signature Forgery on Change of Ownership Form

In the Matter of Teresa L. Holwerda, Respondent (FINRA AWC)

FINRA Bars Rep for Unauthorized Trading, and for Churning and Excessively Trading Accounts

FINRA Department of Enforcement, Complainant, vs Steven Robert Luftschein, Respondent (FINRA Order Accepting Offer of Settlement)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5637/securities-industry-commentator/

Visa and Plaid Abandon Merger After Antitrust Division's Suit to Block / Decision to Terminate Deal Preserves Competition (DOJ Release)

3Cir Reverses Wilmington Trust Defendants' Convictions for False Statement and Certification and Vacates for Conspiracy and Securities Fraud

United States of America v. Robert V.A. Harra, Jr., Appellant

United States of America v. David Gibson, Appellant

United States of America v. William B. North, Appellant

United States of America v. Kevyn N. Rakowski, Appellant

(Opinion, United States Court of Appeals for the Third Circuit, Nos. 19-1105, -1136, -1190, and -1237 / January 12, 2021)

Owner of Bitcoin Exchange Sentenced to Prison for Money Laundering (DOJ Release)

Former CEO Of Real Estate Private Equity Investment Firm Charged With Securities Fraud (DOJ Release)

SEC Charges Real Estate Fund Manager With Misappropriating Over $7 Million From Retail Investors (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5636/securities-industry-commentator/

Suburban Chicago Man Pleads Guilty to Laundering Proceeds From Telemarketing Scheme That Defrauded Elderly Victims (DOJ Release)

SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud (DOJ Release)

Chairman Of Venture Capital Funds Sentenced To Six Years For Securities And Wire Fraud In Manhattan Federal Court (DOJ Release)

Bradbury Man Sentenced to 10 Years in Prison for Leading Role in $147 Million Mining and Digital Currency Fraud (DOJ Release)

Judge sentences former company Vice President/Chief Financial Officer for stealing nearly $800,000 in company funds

FINRA Censures and Fines VALIC Financial Advisors for VA Supervision

In the Matter of VALIC Financial Advisors, Inc., Respondent (FINRA AWC)

Voya Racial Discrimination Case Sheds Harsh Light On Wall Street Mandatory Arbitration (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5635/securities-industry-commentator/

Voya Racial Discrimination Case Sheds Harsh Light On Wall Street Mandatory Arbitration (BrokeAndBroker.com Blog)

Deutsche Bank Agrees to Pay Over $130 Million to Resolve Foreign Corrupt Practices Act and Fraud Case (DOJ Release)

SEC Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries (SEC Release)

SEC charges Utah Company, its Principals, and Two Recidivists with Securities Fraud (SEC Release)

FINRA Fines and Suspends Rep for Creating Backdated OBA Documents

In the Matter of Donald Robert Pollard, Respondent (FINRA AWC)

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