Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 2, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6083/securities-industry-commentator/

Veteran Wall Street Reform Advocate Bill Singer Esq. Renews Call for Antifraud Fund and PIABA FINRA Board Seat (BrokeAndBroker.com Blog)

Chicago Man Charged in Federal Court With Engaging in Unauthorized Trading That Caused $30 Million in Losses (DOJ Release)

SEC Charges Rogue Trader Who Bankrupted His Firm (SEC Release)

SEC Charges Recidivist TV Production Company and Its Founder and CEO with Offering and Selling Securities in Unregistered Offerings (SEC Release)

Boerne Man Sentenced for Ponzi Scheme with over $7.4 M in Losses (DOJ Release)

SEC Charges Former Executives of Registered Investment Adviser with Fraud (SEC Release)

Cattle Broker Sentenced to Prison for Wire Fraud, Ordered to Pay $2.1 Million in Restitution (DOJ Release)

SEC Dismisses Application for Review of FINRA Bar/Suspension

In the Matter of the Application of Blair Edwards Olsen for Review of Action Taken by FINRA (SEC Opinion)

TD Ameritrade Ordered to Pay over $2 Million in Damages by FINRA Arbitrators

In the Matter of the Arbitration Between John Elliott, Claimant, v. TD Ameritrade Clearing, Inc. and TD Ameritrade, Inc., Respondents (FINRA Arbitration Award)

DreamFunded Dream Faded At FINRA (BrokeAndBroker.com Blog)

Did SEC Permanently Bar Twice The Same Frivolous Whistleblower Claimant? (BrokeAndBroker.com Blog)

A Thought Piece on Risk from SEC Commissioner Caroline A. Crenshaw (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6082/securities-industry-commentator/

DreamFunded Dream Faded At FINRA (BrokeAndBroker.com Blog)

SEC Charges Former Executives of Registered Investment Adviser with Fraud (SEC Release)

Ex-Roommate and Co-Schemer of Former Eagles Linebacker Found Guilty of Trading on Inside Information Provided to Them (DOJ Release)

Lexington Man Sentenced to 120 Months for Investment Fraud (DOJ Release)

Loves Park Investment Advisor Charged With Fraudulently Obtaining More Than $950,000 From Customers (DOJ Release)

Passaic County Man Charged with Defrauding Investors of over $1 Million (DOJ Release)

Former CEO Of Melrose Credit Union Sentenced To Nearly 4 Years In Prison For Violating Bank Bribery Statute (DOJ Release)

Birmingham Business Owner Sentenced for Wire Fraud in Connection with a $23 Million Scheme to Defraud Local Real Estate Investors (DOJ Release)

SEC Charges Investment Bank Compliance Analyst with Insider Trading in Parents' Accounts and Obtains Asset Freeze (SEC Release)

PIABA REPORT: FINRA Arbitration's Persistent Unpaid Award Problem

SEC Proposes to Enhance Proxy Voting Disclosure by Investment Funds and Require Disclosure of "Say-on-Pay" Votes for Institutional Investment Managers (SEC Release)

FINRA Fines and Suspends Rep for Business Expense Plan ("BEP") Violations

In the Matter of Ethan T. Binnion, Respondent (FINRA AWC)

Did SEC Permanently Bar Twice The Same Frivolous Whistleblower Claimant?

(BrokeAndBroker.com Blog)

A Thought Piece on Risk from SEC Commissioner Caroline A. Crenshaw (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6081/securities-industry-commentator/

Did SEC Permanently Bar Twice The Same Frivolous Whistleblower Claimant? (BrokeAndBroker.com Blog)

Protecting Investors from Misconduct / FINRA Adopts Rules to Address Firms With a Significant History of Misconduct / Effective Date: January 1, 2022 (FINRA Regulatory Notice)

Lexington Man Sentenced to 120 Months for Investment Fraud (DOJ Release)

U.S. Attorney Announces Unsealing Of Indictment Charging Six Individuals And One Corporate Entity With Tax Fraud Conspiracy, And Related Guilty Plea / Indictment Alleges that Defendants Conspired to Help U.S. Clients Evade Taxes on More Than $60 Million Hidden Offshore (DOJ Release)

Founder Of New York Litigation Finance Firm Pleads Guilty To Multimillion-Dollar Securities Fraud Scheme (DOJ Release)

SEC Charges New York Attorney with Defrauding Investors in Litigation Finance Business (SEC Release)

SEC Charges Former IIIinois Investment Adviser with Fraud for Misappropriating Client Funds (SEC Release)

SEC Charges California Cannabis Company, CEO and President with Fraud (SEC Release)

SEC Obtains Emergency Relief Against New York Real Estate Developer Charged with EB-5 Securities Fraud (SEC Release)

Dan Berkovitz Named SEC General Counsel; John Coates to Leave SEC (SEC Release)

CFTC Orders Nevada Man and His Company to Pay $374,000 for Fraudulent Solicitation and Misappropriation in Forex Scheme (CFTC Release)

CFTC Orders Interactive Brokers LLC to Pay a $1.75 Million Penalty for Supervision Failures / Failures for Electronic Trading System's Inability to Handle Negative Crude Oil Futures Prices on April 20, 2020 (CFTC Release)

CFTC Imposes A $1.25 Million Penalty against Kraken for Offering Illegal Off-Exchange Digital Asset Trading and Failing to Register as Required (CFTC Release)

A Thought Piece on Risk from SEC Commissioner Caroline A. Crenshaw (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6080/securities-industry-commentator/

Manhattan U.S. Attorney Announces $72.6 Million Settlement Of Fraud Lawsuit Against Wells Fargo Bank For Overcharging Foreign Exchange Customers Over Seven Years / Wells Fargo Admits to Overcharging and Providing False Information to Customers, Pays Restitution and Civil Penalties, and Makes Asset Forfeiture Payment (DOJ Release)

SEC Charges Transfer Agent and CEO for Violations of Statutory and Regulatory Filing and Records Requirements (SEC Release)

SEC Charges Issuer for Fraudulent and Unregistered Marijuana Financing Offering (SEC Release)

Court Enters Final Judgment Against Hedge Fund Manager (SEC Release)

SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme (SEC Release)

SEC Sues Minnesota-Based Firm and Its Managing Partner for Acting as an Unregistered Securities Dealer (SEC Release)

SEC Charges Two Individuals for Wash Trading Scheme Involving Options of "Meme Stocks" (SEC Release)

SEC Charges CEO and Company with Engaging in a Multimillion Dollar Affinity Fraud Scheme (SEC Release)

SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community (SEC Release)

Prepared Remarks Before the Asset Management Advisory Committee by SEC Chair Gary Gensler

Asset Management Advisory Committee / Public Statement by SEC Commissioner Hester Peirce

Prepared Remarks Before the Small Business Capital Formation Advisory Committee by SEC Chair Gary Gensler