Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 10, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5783/securities-industry-commentator/

Customer Complaints and Away Settlements -- Matters of Interpretation? (BrokeAndBroker.com Blog)

Jane Norberg, Chief of the SEC's Office of the Whistleblower, to Leave Agency (SEC Release)

Boston Man Pleads Guilty to Investment Fraud Scheme (DOJ Release)

Bank Employee Arrested For Defrauding Her Employer Of $1.7 Million (DOJ Release)

Federal Court Grants Temporary Restraining Order Against Operators Of "Get-Rich-Quick" Scheme / The Mass Mail Fraud Scheme Targeted Seniors and Swindled Victims Nationwide (DOJ Release)

Federal Court Orders New Mexico Man to Pay Over $10.3 Million for Defrauding Commodity Futures Clients in Long-Running Ponzi Scheme (CFTC Release)

Federal Court Orders Nevada Company and its Owner to Pay More Than $32 Million for Cryptocurrency Fraud and Misappropriation Scheme (CFTC Release)

FINRA Gives Credit to Credit Suisse for Not Having A Relevant Disciplinary History (BrokeAndBroker.com Blog)

JP Morgan Customer Seems To Have Accused Stockbroker of Not Exercising Unauthorized Discretion (BrokeAndBroker.com Blog)

FINRA Fines and Suspends Former Barclays Rep Over Reimbursed Expenses (BrokeAndBroker.com Blog)

The Expungement Was Not Not Warranted But Still Denied (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5782/securities-industry-commentator/

FINRA Gives Credit to Credit Suisse for Not Having A Relevant Disciplinary History (BrokeAndBroker.com Blog)

Six Individuals Charged with Multi-Million Dollar Nationwide Scheme to Peddle Fraudulent Stocks (DOJ Release)

City Employee Sentenced for Public Corruption / Philadelphia Employee Accepted Bribes While Working Government Job (FBI Release)

SEC Obtains Final Judgment Concluding Fraud Case Against Co-Founder of Real Estate Crowdfunding Portal (SEC Release)

Federal Court Orders Alabama Company and its Owner to Pay Over $1.1 Million for Commodity Pool Fraud (CFTC Release)

Lifecycle of a FINRA Investigation (FINRA Virtual Conference Panel)

FINRA Fines and Suspends Rep Over Allegedly Excessive and Unsuitable Trading

In the Matter of Raymond Joseph A. Ambrosole, Respondent (FINRA AWC)

JP Morgan Customer Seems To Have Accused Stockbroker of Not Exercising Unauthorized Discretion (BrokeAndBroker.com Blog)

FINRA Fines and Suspends Former Barclays Rep Over Reimbursed Expenses (BrokeAndBroker.com Blog)

The Expungement Was Not Not Warranted But Still Denied (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5781/securities-industry-commentator/

JP Morgan Customer Seems To Have Accused Stockbroker of Not Exercising Unauthorized Discretion (BrokeAndBroker.com Blog)

Beverlywood Man Arrested for Allegedly Bilking Investors by Falsely Claiming to License Latin American Film Rights to Netflix and HBO / Investigators Estimate Victims of Ponzi Scheme Put Nearly One-Quarter Billion Dollars into Company that Has Not Been Repaid (DOJ Release)

SEC Obtains Emergency Asset Freeze, Charges Actor with Operating a $690 Million Ponzi Scheme (SEC Release)

SEC Obtains Final Judgment Against Lawyer Who Assisted Fraud (SEC Release)

Mandan, ND, Man Sentenced to 4 years in Federal Prison for Bank Fraud and Interstate Transportation of Stolen Livestock

CFTC Orders New York Man to Pay More than $1 Million for Role in Fraudulent Binary Options Scheme (CFTC Release)

FINRA Censures, Fines, and Orders Restitution in Dawson James Securities AWC

In the Matter of Dawson James Securities, Inc., Respondent (FINRA AWC)

Exam and Risk Monitoring Program: Responding to COVID-19 and Looking Ahead (FINRA Unscripted)

FINRA Fines and Suspends Former Barclays Rep Over Reimbursed Expenses (BrokeAndBroker.com Blog)

The Expungement Was Not Not Warranted But Still Denied (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5780/securities-industry-commentator/

FINRA Fines and Suspends Former Barclays Rep Over Reimbursed Expenses (BrokeAndBroker.com Blog)

New Jersey Man Admits Operating Illegal Bitcoin Exchange (DOJ Release)

North Texas Man Pleads Guilty to His Involvement in Multi-Million Dollar International Fraud Scheme (DOJ Release)

Individual Pleads Guilty in Brooklyn Federal Court to Extorting Cryptocurrency from Startup Company (DOJ Release)

Wake Forest Investment Advisor Sentenced for Wire Fraud (DOJ Release)

Auditor Charged for Failure to Register with PCAOB and Multiple Audit Failures (SEC Release)

FINRA Censures and Fines Credit Suisse Securities Over Supervision of Outside Brokerage Accounts

In the Matter of Credit Suisse Securities (USA) LLC, Sr., Respondent

(FINRA AWC)

FINRA Fines and Suspends Rep Over Retirement Accounts' Surrender Fee Waivers

In the Matter of Raymond Alagao Velasco, Sr., Respondent (FINRA AWC)

FINRA Arbitrators Award LPL Discovery Damages in Customer Dispute

In the Matter of the Arbitration Between Kay Ann LaMon, Claimant, v. LPL Financial, LLC and Richard Zakery Dearinger, Respondents (FINRA Arbitration Award)

The Expungement Was Not Not Warranted But Still Denied (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5779/securities-industry-commentator/

The Expungement Was Not Not Warranted But Still Denied (BrokeAndBroker.com Blog)

The Schwab v. Spadoni Complaint / Schwab says "software enhancement" caused inadvertent transfer of $1.2 million / Beneficiary of Goof Not Returning Calls (duh)

Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency (DOJ Release)

Central Indiana Man Faces Federal Fraud Charges / Investors lost over $1,500,000, Securities and Exchange Commission involved (DOJ Release)

Claimed real estate investor charged with securities fraud (DOJ Release)

SEC Charges Atlanta Resident with Offering Fraud and Misappropriating Funds (SEC Release)

Firm Agrees to a Refund and Fine for Unreasonable Supervisory System (TSSB Release)

FINRA Fines and Suspends Rep Over Willful Untimely Disclosure of Felony Charges and Plea

In the Matter of Jason V. McHenry, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep Over Trading in Deceased Client's Account

In the Matter of Ignacio Erhart Del Campo, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Four PSTs