Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 13, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6154/securities-industry-commentator/

SEC Files Subpoena Enforcement Action Against Terraform Labs and Its CEO (SEC Release)

Justice Department Sues Uber for Overcharging People with Disabilities (DOJ Release)

South Bay Man Sentenced to Over 8 Years in Prison for Movie Investment Scam and for Fraudulently Selling House Bought with Illicit Proceeds (DOJ Release)

Whitefish man claiming to be former a CIA agent admits scheme to defraud investor of $2.3 million to fund bogus "off the books" rescue missions (DOJ Release)

Corvallis ex-lawyer sentenced to prison for defrauding investors in real estate investment scheme, evading income taxes (DOJ Release)

Management Consulting Firm Partner Charged In Insider Trading Scheme / Defendant Was a Lead Consulting Firm Partner Advising an Investment Bank on Its Acquisition of GreenSky, Inc. (DOJ Release)

SEC Charges Partner at Global Consulting Firm With Insider Trading (SEC Release)

Queens Man Convicted of Securities and Wire Fraud Conspiracies Relating to the Foreign Exchange Market / Defendant's Scheme Targeted the Korean-American Community in Queens (DOJ Release)

SEC Brings Charges in Manipulative Free-Trading Penny Stock Scheme (SEC Release)

SEC Obtains Court Order to Enforce Investigative Subpoena for Testimony

Registration of Two Digital Tokens Halted (SEC Release)

SEC Awards Over $15 Million to Two Whistleblowers

Order Determining Whistleblower Award Claims

The Lessons of Structured Data by SEC Commissioner Caroline A. Crenshaw

A Call to Action: Recommendations for Complying with Reg BI (Remarks at the ALI CLE 2021 Conference on Life Insurance Company Products by SEC Commissioner Allison Herren Lee)

Aegis Capital Censured and Fined $1.05 Million by FINRA and Ordered to Pay $1.7 Million in Restitution and Undertake Supervisory Review

In the Matter of Aegis Capital Corp., Respondent (FINRA AWC)

Aegis Capital Branch Owner/Manager and Branch Supervisor Fined, Suspended, and Ordered to Undertake Continuing Education for Supervisory Lapses

In the Matter of Joseph Michael Giordano and Roberto Birardi, Respondents,(FINRA AWC)

FINRA Fines and Suspends Rep for Untimely Disclosure of Tax Lien

In the Matter of Jose Luis Batalla, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Forging Customer Signature on Insurance Application

In the Matter of Andrew Timothy Durham, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Outside Securities Account

In the Matter of Garrett Manning, Respondent (FINRA AWC)

FINRA Takes Victory Lapse in Aegis Capital Regulatory Settlement (BrokeAndBroker.com Blog)

There's Something Happening Here (at a FINRA Arbitration ) But What It Is Ain't Exactly Clear (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6153/securities-industry-commentator/

FINRA Takes Victory Lapse in Aegis Capital Regulatory Settlement (BrokeAndBroker.com Blog)

Justice Department Sues Uber for Overcharging People with Disabilities (DOJ Release)

Management Consulting Firm Partner Charged In Insider Trading Scheme / Defendant Was a Lead Consulting Firm Partner Advising an Investment Bank on Its Acquisition of GreenSky, Inc. (DOJ Release)

SEC Charges Partner at Global Consulting Firm With Insider Trading (SEC Release)

Queens Man Convicted of Securities and Wire Fraud Conspiracies Relating to the Foreign Exchange Market / Defendant's Scheme Targeted the Korean-American Community in Queens (DOJ Release)

SEC Brings Charges in Manipulative Free-Trading Penny Stock Scheme (SEC Release)

SEC Awards Over $15 Million to Two Whistleblowers

Order Determining Whistleblower Award Claims

The Lessons of Structured Data by SEC Commissioner Caroline A. Crenshaw

A Call to Action: Recommendations for Complying with Reg BI (Remarks at the ALI CLE 2021 Conference on Life Insurance Company Products by SEC Commissioner Allison Herren Lee)

Aegis Capital Censured and Fined $1.05 Million by FINRA and Ordered to Pay $1.7 Million in Restitution and Undertake Supervisory Review

In the Matter of Aegis Capital Corp., Respondent (FINRA AWC)

Aegis Capital Branch Owner/Manager and Branch Supervisor Fined, Suspended, and Ordered to Undertake Continuing Education for Supervisory Lapses

In the Matter of Joseph Michael Giordano and Roberto Birardi, Respondents,(FINRA AWC)

FINRA Fines and Suspends Rep for Untimely Disclosure of Tax Lien

In the Matter of Jose Luis Batalla, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Forging Customer Signature on Insurance Application

In the Matter of Andrew Timothy Durham, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Outside Securities Account

In the Matter of Garrett Manning, Respondent (FINRA AWC)

There's Something Happening Here (at a FINRA Arbitration ) But What It Is Ain't Exactly Clear (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6152/securities-industry-commentator/

SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures (SEC Release)

CFTC Orders United States Commodity Funds LLC to Pay $2.5 Million for Failure to Fully Disclose Information Relating to Trading Limitations to Commodity Pool Participants (CFTC Release)

Ukrainian Arrested and Charged with Ransomware Attack on Kaseya / Justice Department Seizes $6.1 million Related to Alleged Ransomware Extortionists (DOJ Release)

Court Orders Asset Freeze and Other Preliminary Relief Against Recidivist and Barred Investment Adviser and His Firm (SEC Release)

Statement on DeFi Risks, Regulations, and Opportunities by SEC Commissioner Caroline A. Crenshaw

2021 SEC Regulation Outside the United States - Scott Friestad Memorial Keynote Address by Gurbir Grewal, Director, Division of Enforcement

There's Something Happening Here (at a FINRA Arbitration ) But What It Is Ain't Exactly Clear (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6151/securities-industry-commentator/

There's Something Happening Here (at a FINRA Arbitration ) But What It Is Ain't Exactly Clear (BrokeAndBroker.com Blog)

Florida Attorney Pleads Guilty To Securities Fraud In Connection With Fraudulent Opinion Letter Scheme (DOJ Release)

Corsica Man Sentenced for Wire Fraud and Money Laundering in a Multi-Million Dollar Cattle Ponzi Scheme (DOJ Release)

Rochester Man Going To Prison And Ordered To Pay Millions In Restitution For His Role In Ponzi Scheme That Bilked Investors Out Of Millions Of Dollars (DOJ Release)

Two New Jersey, One New York Securities Claims Aggregators Arrested and Charged with $40M Fraud (DOJ Release)

SEC Obtains Emergency Relief in Case Charging Claims Aggregator and Principals with Multi-Million Dollar Fraud (SEC Release)

SEC Charges Michigan Investment Adviser with Fraud (SEC Release)

FINRA Fines and Suspends Rep for Willful Non-Disclosure of 9 Felonies on Form U4

In the Matter of Okechukwu Linton, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Excessive and Unsuitable Trades

In the Matter of Michael James May, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Excessive and Unsuitable Trades