Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 30, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6131/securities-industry-commentator/

Frustrated Former Merrill Lynch Employee Could Not Be Promoted But Maybe Could Have But the Firm Says It Didn't Have To (BrokeAndBroker.com Blog)

SEC Charges Fixed Income Clearing Corp. With Having Inadequate Risk Management Policies (SEC Release)

Bergen County Investment Advisor Arrested for Stealing Millions from Clients (DOJ Release)

SEC Charges Financial Adviser With Stealing Investor Funds to Pay Off Credit Cards, Buy Gold Coins (SEC Release)

SEC Awards About $24,000 to Whistleblower

Order Determining Whistleblower Award Claims

SEC Awards About $750,000 to Whistleblower

Order Determining Whistleblower Award Claims

SEC Awards About $2 Million to Whistleblower

Order Determining Whistleblower Award Claims

FINRA Fines and Suspends Rep for Falsified Variable Annuity Replacement Forms

In the Matter of Ronald L. Whittingham, Respondent (FINRA AWC)

Stipulated Arbitration Award Ends TD Ameritrade Solicitation Dispute (BrokeAndBroker.com Blog)

FINRA Arbitrators Revise Beneficiaries in Transfer on Death Accounts (BrokeAndBroker.com Blog)

FINRA Arbitrators Find No Evidence For Customers' $10 Million UBS YES Claims (BrokeAndBroker.com Blog)

Equitable Inadvertence Earns Inequitable FINRA Sanctions (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6130/securities-industry-commentator/

Stipulated Arbitration Award Ends TD Ameritrade Solicitation Dispute (BrokeAndBroker.com Blog)

Bergen County Investment Advisor Arrested for Stealing Millions from Clients (DOJ Release)

SEC Charges Financial Adviser With Stealing Investor Funds to Pay Off Credit Cards, Buy Gold Coins (SEC Release)

SEC Awards About $24,000 to Whistleblower

Order Determining Whistleblower Award Claims

SEC Awards About $750,000 to Whistleblower

Order Determining Whistleblower Award Claims

Post-SPAC Music Streaming Company Reaches $38.8 Million Settlement in Ongoing Fraud Action (SEC Release)

SEC Charges Recidivist and Barred Investment Adviser and His Firm (SEC Release)

CFTC Charges New Jersey Resident and His Company with Fraudulent Solicitation, Misappropriation, and Violating Consent Order (CFTC Release)

FINRA Arbitrators Revise Beneficiaries in Transfer on Death Accounts (BrokeAndBroker.com Blog)

FINRA Arbitrators Find No Evidence For Customers' $10 Million UBS YES Claims (BrokeAndBroker.com Blog)

Equitable Inadvertence Earns Inequitable FINRA Sanctions (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6129/securities-industry-commentator/

FINRA Arbitrators Revise Beneficiaries in Transfer on Death Accounts (BrokeAndBroker.com Blog)

RIAs may face ticking time bomb after SEC slams a $1.9-billion RIA for neglecting 'orphan' accounts while charging fees, a problem that may be industrywide / Thousands of clients may be getting lost in the shuffle in the face of strong inorganic RIA growth -- an obscure problem until federal regulators gave Regal Investment Advisors the royal treatment, in part, for charging full fees and failing to disclose reduced service. (RIABiz by Oisin Breen)

SEC Charges Recidivist and Barred Investment Adviser and His Firm (SEC Release)

CFTC Charges New Jersey Resident and His Company with Fraudulent Solicitation, Misappropriation, and Violating Consent Order (CFTC Release)

SEC Obtains Asset Freeze and Other Relief in Halting Penny Stock Scheme on Twitter (SEC Release)

10 Foreign Nationals Charged In Years-Long, Multimillion-Dollar Investment And Impersonation Scheme / The Defendants Operated Boiler Rooms in Multiple Countries to Defraud Victims Around the World of Millions of Dollars by Impersonating Prominent Investment Firms and Individuals (DOJ Release)

New York Man Admits Role in Bank Fraud (DOJ Release)

SEC Charges Colorado Investment Adviser with Fraud (SEC Release)

SEC Obtains Default Judgment Against Russian National for Defrauding Investors Out of Millions of Dollars in Phony Certificates of Deposit Scam (SEC Release)

FINRA Fines and Suspends Rep for Misrepresentations in SBA Loan Applications and for Willful Failure to Timely Disclose Tax Lies and Creditor Compromises

In the Matter of Latonya L. Anderson, Respondent (FINRA AWC)

FINRA Arbitrators Find No Evidence For Customers' $10 Million UBS YES Claims (BrokeAndBroker.com Blog)

Equitable Inadvertence Earns Inequitable FINRA Sanctions (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6128/securities-industry-commentator/

FINRA Arbitrators Find No Evidence For Customers $10 Million UBS YES Claims (BrokeAndBroker.com Blog)

SEC Charges Colorado Investment Adviser with Fraud (SEC Release)

Chicago Man Sentenced to Federal Prison for Fraudulent Concert Scheme / Had Three Previous Convictions for Federal Fraud Offenses (DOJ Release)

Indian Trail Man Is Sentenced To Three And A Half Years For Investment Scheme (DOJ Release)

Manhattan Man Pleads Guilty To $6.9 Million Scheme To Defraud Loan Program Intended To Help Small Businesses During COVID-19 Pandemic (DOJ Release)

Indictment Unsealed Charges Three in Fraud Scheme Targeting Rhode Island Seniors (DOJ Release)

SEC Obtains Final Judgment Against Investment Professional Charged with Misappropriating Client Funds (SEC Release)

SEC Awards Over $1.5 Million to Two Whistleblower Claimants

Order Determining Whistleblower Award Claims

FINRA Censures and Fines NYLIFE Securities LLC, and Orders Restitution and Supervisory Undertakings Per Mutual Fund/Cross-Product Switching

In the Matter of NYLIFE Securities LLC, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Discretionary Trading

In the Matter of Michael Miles Hartlett, Respondent (FINRA AWC)

Equitable Inadvertence Earns Inequitable FINRA Sanctions (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6127/securities-industry-commentator/

Equitable Inadvertence Earns Inequitable FINRA Sanctions (BrokeAndBroker.com Blog)

Manhattan Man Pleads Guilty To $6.9 Million Scheme To Defraud Loan Program Intended To Help Small Businesses During COVID-19 Pandemic (DOJ Release)

SEC Awards Over $1.5 Million to Two Whistleblower Claimants

Order Determining Whistleblower Award Claims

FINRA Censures and Fines NYLIFE Securities LLC, and Orders Restitution and Supervisory Undertakings Per Mutual Fund/Cross-Product Switching

In the Matter of NYLIFE Securities LLC, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Discretionary Trading

In the Matter of Michael Miles Hartlett, Respondent (FINRA AWC)

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