Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

February 12, 2022

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6287/securities-industry-commentator/

Federal Court Can't Find Any Basis For FINRA Arbitration Decision In HSBC Managing Director Case (BrokeAndBroker.com Blog)

Disbarred Attorney Pleads Guilty To $5 Million Cryptocurrency Fraud (DOJ Release)

Suffolk Man Sentenced for Real Estate Investment Scheme (DOJ Release)

South Florida Man Sentenced to 7 Years in Federal Prison for Multi-Million Dollar Investment Scam Targeting the Elderly, and Spending Investor Money on Gambling, Jewelry, and Luxury Vehicles (DOJ Release)

Chief Compliance Officers Revisit Personal Liability (FinOps Report by Chris Kentouris)

SEC Charges Shari'ah-Focused Online Investment Service with Misleading Clients (SEC Release)

SEC Proposed Changes to Two Whistleblower Program Rules (SEC Release)

Statement on Proposal to Revisit Recently Adopted Whistleblower Rule Amendments by SEC Commissioner Hester Peirce

SEC Proposes Rule Amendments to Modernize Beneficial Ownership Reporting (SEC Release)

Dissenting Statement on Proposed Modernization of Beneficial Ownership Reporting by SEC Commissioner Hester M. Peirce

SEC Obtains Partial Summary Judgment Against Portfolio Manager for Misrepresenting Risk Management in Mutual Fund (SEC Release)

Investment Club Treasurer Going To Prison For Two Years For Embezzling Hundreds Of Thousands Of Dollars (DOJ Release)

2022 Report on FINRA's Examination and Risk Monitoring Program

FINRA Expels Funding Portal Member and Bars Its President

In the Matter of Buy the Block and Linda Pierre Smith, Respondents (FINRA AWC)

FINRA Censures and Fines Firm Over Private Placement Due Diligence and Escrow

In the Nobles & Richards, Inc, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Discretionary Trading

In the Matter of Christopher Edward Bond, Respondent (FINRA AWC)

FINRA Suspends Rep for Economic Injury Disaster Loan

In the Matter of Raphael Mack, Respondent (FINRA AWC)

FINRA Customer Claimant Says Arbitrators Left Out Zeros In Award (BrokeAndBroker.com Blog)

Court Finds FINRA Arbitration Process Not Fundamentally Fair (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6286/securities-industry-commentator/

Federal Court Can't Find Any Basis For FINRA Arbitration Decision In HSBC Managing Director Case (BrokeAndBroker.com Blog)

Investment Club Treasurer Going To Prison For Two Years For Embezzling Hundreds Of Thousands Of Dollars (DOJ Release)

Five Defendants Charged In $8.4 Million "Boiler Room" Fraud And Money Laundering Scheme / The Defendants Operated Boiler Rooms Overseas and Shell Companies in the United States to Defraud Victims Around the World of Millions of Dollars (DOJ Release)

SEC Charges Six U.S. Citizens in Connection with Overseas Boiler-Room Schemes (SEC Release)

SEC Issues Proposal to Reduce Risks in Clearance and Settlement (SEC Release / with Statements)

SEC Proposes to Enhance Private Fund Investor Protection (SEC Release / with Statements)

SEC Proposes Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds (SEC Release / with Statements)

FINRA Fines and Suspends Rep for Forgery and Providing False Statements to Staff

In the Matter of Howell Gregory Ferguson, Respondent (FINRA AWC)

FINRA Expels Funding Portal Member and Bars Its President

In the Matter of Buy the Block and Linda Pierre Smith, Respondents (FINRA AWC)

FINRA Customer Claimant Says Arbitrators Left Out Zeros In Award (BrokeAndBroker.com Blog)

Court Finds FINRA Arbitration Process Not Fundamentally Fair (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6285/securities-industry-commentator/

FINRA Customer Claimant Says Arbitrators Left Out Zeros In Award (BrokeAndBroker.com Blog)

SEC Proposes to Enhance Private Fund Investor Protection (SEC Release)

SEC Proposes Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency / Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange (DOJ Release)

SEC Obtains Final Judgment Against Indianapolis-Area Resident for Offering Fraud (SEC Release)

Customer Advisory: Avoid Forex, Precious Metals, and Digital Asset Romance Scams (CFTC Release)

CFTC Charges Florida-Based Entities and Individuals with Multi-Million Dollar Futures and Forex Fraud (CFTC Release)

Federal Agencies Launch Joint Effort to Alert Online Daters and Social Media Users of Romance Scams That Have Cost Americans Millions (CFTC Releases)

JP Morgan Securities Ordered to Pay $1.4 Million in Former Employee's Expungement Arbitration

Dustin B. Luckett, Claimant, v. J.P. Morgan Securities, LLC and Todd G. Fannin, Respondents (FINRA Arbitration Award)

SEC Charges Social Media Stock Promoter with Penny Stock Fraud (SEC Release)

FINRA Bars Rep for Churning and Excessive Trading, and Unsuitable Recommendations

FINRA Department of Enforcement, Complainant, v. William Nicholas Athas, Respondent (FINRA Order Accepting Offer of Settlement))

Court Finds FINRA Arbitration Process Not Fundamentally Fair (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6284/securities-industry-commentator/

FINRA Customer Arbitration Claimant Says Arbitrators Left Out Zeros in Award (BrokeAndBroker.com Blog)

Customer Advisory: Avoid Forex, Precious Metals, and Digital Asset Romance Scams (CFTC Release)

CFTC Charges Florida-Based Entities and Individuals with Multi-Million Dollar Futures and Forex Fraud (CFTC Release)

Federal Agencies Launch Joint Effort to Alert Online Daters and Social Media Users of Romance Scams That Have Cost Americans Millions (CFTC Releases)

JP Morgan Securities Ordered to Pay $1.4 Million in Former Employee's Expungement Arbitration

Dustin B. Luckett, Claimant, v. J.P. Morgan Securities, LLC and Todd G. Fannin, Respondents (FINRA Arbitration Award)

Ronin Capital Hit With $500,000 in Compensatory Damages in Labor Dispute

James Rego and Robert Hill, Claimant, v. Ronin Capital, LLC, John S. Stafford, III, and John S. Stafford, Jr., Respondents (FINRA Arbitration Award 19-02822)

SEC Charges Social Media Stock Promoter with Penny Stock Fraud (SEC Release)

FINRA Fines and Suspends Rep for Short-Term UIT Trading

In the Matter of Lynn Cooper Faust Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Muni Bond Discretionary Trading

In the Matter of Michael G. Mancinelli, Respondent (FINRA AWC)

Court Finds FINRA Arbitration Process Not Fundamentally Fair (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6283/securities-industry-commentator/

Federal Agencies Launch Joint Effort to Alert Online Daters and Social Media Users of Romance Scams That Have Cost Americans Millions (CFTC Releases)

JP Morgan Securities Ordered to Pay $1.4 Million in Former Employee's Expungement Arbitration

Dustin B. Luckett, Claimant, v. J.P. Morgan Securities, LLC and Todd G. Fannin, Respondents (FINRA Arbitration Award)

FINRA Fines and Suspends Rep for Short-Term UIT Trading

In the Matter of Lynn Cooper Faust Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Muni Bond Discretionary Trading

In the Matter of Michael G. Mancinelli, Respondent (FINRA AWC)

Court Finds FINRA Arbitration Process Not Fundamentally Fair (BrokeAndBroker.com Blog)

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