Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 20, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6167/securities-industry-commentator/

Veteran Stockbroker Sues For Unjust Termination Involving Sales Goals and Outside Business Activities (BrokeAndBroker.com Blog)

In re: January 2021 Short Squeeze Trading Litigation / Antitrust Actions (Opinion SDFL)

Six defendants indicted for fraud that included targeting elderly citizens (DOJ Release)

McKinsey Affiliate to Pay $18 Million for Compliance Failures in Handling of Nonpublic Information (SEC Release)

SEC Charges Promoter with Conducting Cryptocurrency Investment Scams (SEC Release)

SEC Denies Award To Whistleblower Claimant and Permanently Bars Further Participation in the Whistleblower Program

Order Determining Whistleblower Award Claims

SEC Announces Enforcement Results for FY 2021 / Agency Brought Significant Actions in Traditional and Emerging Areas; Whistleblower Program Surpassed $1 Billion in Awards (SEC Release)

SEC Proposes Updates to Electronic Recordkeeping Requirements / Amendments Will Help Modernize How Broker-Dealers Preserve Electronic Records and Enhance the Requirements for Security-Based Swap Entities (SEC Release)

Worms and Dinosaurs: Statement on the Proposed Amendments to Modernize How Broker-Dealers Preserve Electronic Records (Statement by SEC Commissioner Hester M. Peirce)

SEC Proposes Rule to Provide Transparency in the Securities Lending Market Proposed Rule Would Increase Availability of Information Regarding Securities Lending Transactions (SEC Release)

The Ex-Wife, the Ex-Husband Stockbroker, the Two FINRA Arbitrations, the Stale Case, the Default Case, and the Appeal (BrokeAndBroker.com Blog)

Two of Three FINRA Arbitrators Ironically Disappear In Unexplained Expungement Award (BrokeAndBroker.com Blog)

DreamFunded Dream Faded At FINRA And SEC Declines to Stay Expulsions and Bars (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6166/securities-industry-commentator/

Federal Court Orders Florida Man and Foreign Defendants to Pay $7 Million for Role in Fraudulent Binary Options and Digital Asset Scheme (CFTC Release)

West Linn Man Sentenced to Federal Prison for Role in Real Estate, Agriculture, and Mining Investment Schemes (DOJ Release)

SEC Adopts New Rules for Universal Proxy Cards in Contested Director Elections / New Rules Allow Shareholders to Vote for their Preferred Mix of Board Candidates in Contested Elections (SEC Release)

Statement on Universal Proxy by SEC Commissioner Caroline A. Crenshaw

Statement on Universal Proxy Ballots by SEC Commissioner Allison Herren Lee

Dissenting Statement on Universal Proxy by SEC Commissioner Hester M. Peirce

Statement on Universal Proxy Rules by SEC Commissioner Elad L. Roisman

SEC Proposes Rule Amendments to Proxy Rules Governing Proxy Voting Advice / Proposed Rules Would Address Concerns by Investors and Others that the Current Rules May Impede and Impair the Timeliness and Independence of Proxy Voting Advice (SEC Release)

Statement on Proxy Voting Advice by SEC Commissioner Caroline A. Crenshaw

Statement on Proposed Amendments Related to Proxy Voting Advice by SEC Commissioner Allison Herren Lee

Dissenting Statement on Proxy Voting Advice Proposal by SEC Commissioner Hester M. Peirce

Too Important to Regulate? Rolling Back Investor Protections on Proxy Voting Advice by SEC Commissioner Elad L. Roisman

The Ex-Wife, the Ex-Husband Stockbroker, the Two FINRA Arbitrations, the Stale Case, the Default Case, and the Appeal (BrokeAndBroker.com Blog)

Two of Three FINRA Arbitrators Ironically Disappear In Unexplained Expungement Award (BrokeAndBroker.com Blog)

DreamFunded Dream Faded At FINRA And SEC Declines to Stay Expulsions and Bars (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6165/securities-industry-commentator/

The Ex-Wife, the Ex-Husband Stockbroker, the Two FINRA Arbitrations, the Stale Case, the Default Case, and the Appeal (BrokeAndBroker.com Blog)

Former Realtor Sentenced to 4 Years in Federal Prison for Running Nearly $4 Million Fraud that Scammed Distressed Homeowners (DOJ Release)

$56 Million in Seized Cryptocurrency Being Sold as First Step to Compensate Victims of BitConnect Fraud Scheme (DOJ Release)

White Plains Investment Adviser Sentenced To 63 Months In Federal Prison For Embezzlement (DOJ Release)

SEC Charges Additional Investment Adviser in Cherry Picking Scheme (SEC Release)

Remarks at the PepsiCo-PwC CPE Conference: Controlling Internal Controls by SEC Commissioner Caroline A. Crenshaw

Two of Three FINRA Arbitrators Ironically Disappear In Unexplained Expungement Award (BrokeAndBroker.com Blog)

DreamFunded Dream Faded At FINRA And SEC Declines to Stay Expulsions and Bars (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6164/securities-industry-commentator/

Two of Three FINRA Arbitrators Ironically Disappear In Unexplained Expungement Award (BrokeAndBroker.com Blog)

Hudson Valley Tequila Producer Pleads Guilty To Securities Fraud Scheme (DOJ Release)

Manhattan Real Estate Fund Manager Charged With Securities Fraud Offenses (DOJ Release)

SEC Charges New York Fund Manager and His Company with Securities Fraud (SEC Release)

SEC Obtains Judgment Against Former Corporate Controller for Tipping Brother-In-Law Ahead of Merger Announcement (SEC Release)

DreamFunded Dream Faded At FINRA And SEC Declines to Stay Expulsions and Bars (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6163/securities-industry-commentator/

DreamFunded Dream Faded At FINRA And SEC Declines to Stay Expulsions and Bars (BrokeAndBroker.com Blog)

Justice Department Requires Substantial Divestitures and Waiver of a Non-Compete for S&P to Proceed with its Merger with IHS Markit / Divestitures Will Preserve Competition Among Commodity Price Reporting Agencies and Waiver of Non-Compete Will Promote Competition for the Sale of Retail Gas Price Data (DOJ Release)

Chandler Man Sentenced to 30 Months for Securities Fraud and Embezzlement (DOJ Release)

Ottawa County Man Pleads Guilty To Securities Fraud (DOJ Release)

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

SEC Denies Award to Whistleblower Claimant

Order Determining Whistleblower Award Claims

FINRA Suspends Rep for Alleged SBA Loan Misrepresentations

In the Matter of Kenny Mejia, Respondent (FINRA AWC)

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