Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

July 17, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5951/securities-industry-commentator/

GUEST BLOG: Transitioning to Independence by Michael King of Michael King Associates (BrokeAndBroker.com Blog)

Former CEO And CFO Of Public Telecommunications Company Charged In Manhattan Federal Court With Scheme To Defraud Investors / Defendants Charged with Concealing Company's Deteriorating Financial Condition and Embezzling Company Funds (DOJ Release)

SEC Charges Executives of Network Infrastructure Company With Accounting Fraud (SEC Release)

Former Banker Sentenced to Prison for Role in Movie Financing Fraud Scheme, Falsely Applying for COVID-19 Loans (DOJ Release)

South Florida Man Pleads Guilty to Multi-Million Dollar Investment Scam Targeting the Elderly, Spending Investor Money on Gambling, Jewelry, and Luxury Vehicles (DOJ Release)

Two South Bay Residents Plead Guilty to Securities Fraud / Defendants Admit Illegally Transferring, or Using, Insider Information for the Purpose of Trading Infinera Securities (DOJ Release)

Texas Man Pleads Guilty to $1.5 Million Investment Fraud Scheme / Admits Defrauding KC Brothers, Who Also Pleaded Guilty to Fraud Scheme (DOJ Release)

SEC Charges Virginia Man with Manipulating Microcap Stock (SEC Release)

SEC Charges Securities Fraud Recidivist in Real Estate-Related Scheme (SEC Release)

FINRA Censures and Fines Laidlaw and Fines and Suspends a Principal for Supervisory Lapses

In the Matter of Laidlaw & Company (UK) Ltd. and John Coolong, Respondent (FINRA AWC)

SEC Awards Over $1.2 Million to Whistleblower

Order Determining Whistleblower Award Claim

I. SEC Awards 30% of Sanctions to Whistleblower

Order Determining Whistleblower Award Claim

II. SEC Awards 30% of Sanctions to Whistleblower

Order Determining Whistleblower Award Claim

FINRA Arbitrators Directly Nullify Indirect Non Solicitation Agreement (BrokeAndBroker.com Blog)

Wasted Time By FINRA Regulatory Notice (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5950/securities-industry-commentator/

St. John, Indiana Man Ordered to Pay Over $5.3 Million In Restitution For Securities Fraud (DOJ Release)

ICO "Listing" Website Charged With Unlawfully Touting Digital Asset Securities (SEC Release)

In the Matter of Coinschedule (Statement by SEC Commissioner Hester M. Peirce and SEC Commissioner Elad L. Roisman)

FINRA Censures and Fines NEXT Financial Group for Funds and Bonds Supervision

In the Matter of NEXT Financial Group, Inc., Respondent (FINRA AWC)

FINRA Arbitrators Directly Nullify Indirect Non Solicitation Agreement (BrokeAndBroker.com Blog)

Wasted Time By FINRA Regulatory Notice (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5949/securities-industry-commentator/

SEC Announces $97 Million Enforcement Action Against TIAA Subsidiary for Violations in Retirement Rollover Recommendations (SEC Release)

Attorney General James Announces $97 Million in Restitution for TIAA Customers Misled Into Investing in Higher-Fee Accounts (NYAG Release)

SEC Charges New York Attorney with Multi-Million Dollar Offering Fraud (SEC Release)

SEC Charges Individuals with Deceiving Retail Investors Through the Offer and Sale of Binary Options (SEC Release)

Two Remaining Defendants of $1.3 Billion Investment Fraud (Ponzi) Scheme - One of the Largest Ever Charged in South Florida - Plead Guilty to Mail and Wire Fraud Conspiracy (DOJ Release)

SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination / Charges Relate to Planned Merger of Stable Road Acquisition Company and Space Transportation Company Momentus Inc. (SEC Release)

Introducing Stephanie Dumont (FINRA Unscripted)

FINRA Arbitrators Directly Nullify Indirect Non Solicitation Agreement (BrokeAndBroker.com Blog)

Wasted Time By FINRA Regulatory Notice (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5948/securities-industry-commentator/

FINRA Arbitrators Directly Nullify Indirect Non Solicitation Agreement (BrokeAndBroker.com Blog)

No Total Ban on Non-Competes Expected, Despite Biden Executive Order (AdvisorHub by by Miriam Rozen)

Currency Exchange Manager Sentenced to One Year for Filing False Transaction Reports in Connection with Scheme to Defraud Philadelphia Wholesale Produce Market (DOJ Release)

Long Island Resident Pleads Guilty to Multimillion-Dollar Elder Fraud Scheme (DOJ Release)

SEC Denies Award to Whistleblower

Order Determining Whistleblower Award Claim

Wasted Time By FINRA Regulatory Notice (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5947/securities-industry-commentator/

Wasted Time By FINRA Regulatory Notice (BrokeAndBroker.com Blog)

Order on Promoting Competition in the American Economy (White House Press Release)

Federal Court Permanently Bans and Imposes an over $300,000 Penalty Against Foreign Trading Platform for Offering Illegal Leveraged Transactions in Ether, Litecoin, Bitcoin and Precious Metals (CFTC Release)

SEC Charges TheBull with Selling "Insider Trading Tips" on the Dark Web (SEC Release)

SEC Charges Three Individuals with Insider Trading (SEC Release)

I. SEC Denies Award to Whistleblower

III. SEC Denies Award to Whistleblower

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