Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW - BrokeAndBroker.com

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

September 18, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6059/securities-industry-commentator/

RBC Charged With Failing to Give Priority to Retail and Institutional Investors in Municipal Offerings (SEC Release)

SEC Charges School District and Former Executive with Misleading Investors in Bond Offering (SEC Release)

SEC Charges New York Investment Adviser and Its Owner with Fraud (SEC Release)

Former Nantucket Bank Employee Charged in Two Fraud Schemes (DOJ Release)

Leader of International Robocall Scam Sentenced for Defrauding Over 4,000 U.S. Victims Out of More Than $10 Million (DOJ Release)

CFTC Charges Former Hawaii Resident in Forex and Futures Ponzi Scheme (CFTC Release)

Texas Securities Board Stops Another Online Impersonation Scam (TSSB Release)

SEC Awards Over $7 Million and Over $4.5 Million to Two Whistleblowers

Order Determining Whistleblower Award Claim

SEC Awards About $1.2 Million to Whistleblower

Order Determining Whistleblower Award Claim

SEC Awards 30% of Covered Action and Related Action to Whistleblowers

Order Determining Whistleblower Award Claim

FINRA Arbitration Panel Awards $200,000 Against Vanderbilt Securities and Individual Respondent

In the Matter of the Arbitration Between Ernest Guenin and Monique Guenin, Claimants, v. Vanderbilt Securities, LLC, Stephen Distante, Steven Howe, Thomas Murphy, Stephen Trask. Joseph Trifiletti, and Barry Champney, Respondents (FINRA Arbitration Award)

FINRA Arbitration Panel Awards Overs $1.8 million Against Interactive Brokers

In the Matter of the Arbitration Between FPP CIS Opportunities Fund, L.P, Claimant, v. Interactive Brokers, LLC, Respondent (FINRA Arbitration Award)

FINRA Arbitrator Awards Overs $57,000 Against Cape Securities

In the Matter of the Arbitration Between Patrick L. Taylor, Claimant, v. Cape Securities Inc., SW Financial, Woodstock Financial Group, Inc., Anthony Branca, Christopher Collins, Thomas Diamante, Dennis Murphy, Jamaal Potter, William Raike, III, James Webb, and Melissa Whitley, Respondents (FINRA Arbitration Award)

The Wheels on the Bus Go Round and Round and Drive Over A Wall Street Career (BrokeAndBroker.com Blog)

SEC Permanently Bars Frivolous Claimant from Whistleblower Program

(BrokeAndBroker.com Blog)

FINRA Fines and Suspends Young Merrill Trader For Spoofing Treasuries (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6058/securities-industry-commentator/

The Wheels on the Bus Go Round and Round and Drive Over A Wall Street Career (BrokeAndBroker.com Blog)

SEC Permanently Bars Frivolous Claimant from Whistleblower Program

(BrokeAndBroker.com Blog)

SEC Awards About $110 Million and About $4,000,000 to Two Whistleblowers And Denies Award to Third Whistleblower

Order Determining Whistleblower Award Claims

Reality TV star sentenced for PPP fraud and for operating a multimillion-dollar Ponzi scheme (DOJ Release)

Swampscott Financial Advisor Sentenced for Stealing Former Client's Retirement Assets (DOJ Release)

SEC Charges Unregistered Broker for Selling $22 Million in Securities to Puerto Rico Government Entities (SEC Release)

Founder Of $90 Million Cryptocurrency Hedge Fund Sentenced To More Than Seven Years In Prison (DOJ Release)

SEC Charges Six Individuals and Company in IIIegal Microcap Offering (SEC Release)

SEC Charges Southern California Beverage Company with Fraudulent Stock Sales (SEC Release)

Federal Court Orders Florida Man to Pay $2.5 Million for Role in Fraudulent Binary Options Scheme (CFTC Release)

FINRA Fines and Suspends Young Merrill Trader For Spoofing Treasuries (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6057/securities-industry-commentator/

SEC Permanently Bars Frivolous Claimant from Whistleblower Program

(BrokeAndBroker.com Blog)

Testimony Before the United States Senate Committee on Banking, Housing, and Urban Affairs by SEC Chair Gary Gensler

SEC Charges App Annie and its Founder with Securities Fraud / Company Will Pay $10 Million to Settle First Enforcement Action Against Alternative Data Provider (SEC Release)

SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets / Companies to Pay More Than $539 Million in Settlement for Distribution to Investors (SEC Release)

SEC Charges CEO with Multi-Year Offering Fraud (SEC Release)

SEC Obtains More Than $30 Million in Remedies Against Self-Proclaimed "Whale Whisperer" and His Companies Who Offered Fraudulent "Soundwave" Investments (SEC Release)

Swampscott Financial Advisor Sentenced for Stealing Former Client's Retirement Assets (DOJ Release)

Louisiana Woman Sentenced in $4.8 Million Elder Fraud Scheme (DOJ Release)

CFTC Charges Texas Resident and Six U.S. and Costa Rican Companies with Engaging in Two Fraudulent Schemes Totaling $6 Million (CFTC Release)

Recidivist Brad Haycraft Indicted in Helium Well Investment Scheme (TSSB Release)

FINRA Fines and Suspends Young Merrill Trader For Spoofing Treasuries (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6056/securities-industry-commentator/

FINRA Fines and Suspends Young Merrill Trader For Spoofing Treasuries (BrokeAndBroker.com Blog)

Testimony Before the United States Senate Committee on Banking, Housing, and Urban Affairs by SEC Chair Gary Gensler

SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets / Companies to Pay More Than $539 Million in Settlement for Distribution to Investors (SEC Release)

SEC Requests Briefing on Alleged FINRA Denial of Service in Expungements

In the Matter of the Application of Kent Vincent Pearce for Review of Action taken by FINRA (Order Requesting Additional Briefing, '34 Act Rel. No. 92967; Admin. Proc. File No. 3-19228)

-and-

In the Matter of the Application of Alton Theodore Davis, Jr. for Review of Action taken by FINRA (Order Requesting Additional Briefing, '34 Act Rel. No. 92968; Admin. Proc. File No. 3-19588)

Recidivist Brad Haycraft Indicted in Helium Well Investment Scheme (TSSB Release)

FINRA Fines and Suspends Rep Over Alleged sub-$10,000 Structured Bank Withdrawals

In the Matter of Jeffrey A. Bogart, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6055/securities-industry-commentator/

SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets / Companies to Pay More Than $539 Million in Settlement for Distribution to Investors (SEC Release)

Recidivist Brad Haycraft Indicted in Helium Well Investment Scheme (TSSB Release)

SEC Obtains $15 Million Final Judgment Against Virginia Real Estate Developer (SEC Release)

SEC Obtains Final Judgment Against Former Consultant and Board Member Charged with Insider Trading (SEC Release)

SEC Obtains Judgments Against Defendants in a Microcap Fraud Scheme (SEC Release)

SEC Orders $700,000 Award to Whistleblower and Denies Related Action Award

Order Determining Whistleblower Award Claim

SEC Orders Over $400,000 Award to Whistleblower and Denies Award to Second Claimant

Order Determining Whistleblower Award Claim

FINRA Censures and Fines SogoTrade for Unqualified Trading Supervisors

In the Matter of SogoTrade, Inc., Respondent (FINRA AWC)

FINRA Fines and Suspends Former Wells Fargo Clearing Rep for Outside Brokerage Accounts

In the Matter of Jacob Popek, Respondent (FINRA AWC)

FINRA Announces Retirement of Executive Vice President of Member Supervision Bari Havlik; Greg Ruppert Appointed as Successor (FINRA Release)

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