Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 2, 2022

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6371/securities-industry-commentator/

The Deceased Mother's IRA, Her Two Sons, Her Deceased Daughter, Her Son In Law, and A Messy Estate Dispute with T. Rowe Price (BrokeAndBroker.com Blog)

Global Operation Disrupts Business Email Compromise Schemes / FBI, International Partners Carried Out Operation Eagle Sweep to Combat Financially Devastating Crime (FBI Release)

Supreme Court Rejects "Look-Through" Approach in Confirming/Vacating Arbitration Awards

Denise A. Badgerow, Petitioner, v. Greg Walters, et al. (Opinion, United States Supreme Court)

Massachusetts Superior Court Denies Secretary of State Galvin's Motion Against Robinhood

Robinhood Financial, LLC. v. William F. Galvin, Secretary of the Commonwealth (Decision/Order)

SEC Obtains Final Judgment Against Hedge Fund Adviser Who Jury Found Liable for Securities Fraud (SEC Release)

SEC Obtains Final Judgment Against Massachusetts Investment Adviser for Persuading Retail Investors to Place Money Into an Overseas Scam (SEC Release)

SEC Obtains Final Judgment Against Defendants Charged with Fraud Involving Sham Bottling Company (SEC Release)

FINRA Fines and Suspends Rep for Pasting Customer Signatures on Forms

In the Matter of Matthew A. Trueg, Respondent (FINRA AWC)

FINRA Arbitrators Hit Commonwealth Financial with Compensatory and Punitive Damages in Defamation Case (BrokeAndBroker.com Blog)

FINRA Referral Letter Cited In Federal Insider Trading Appeal (BrokeAndBroker.com Blog)

FINRA Arbitration Claimant Asks Federal Court to Appoint Counsel (BrokeAndBroker.com Blog)

Arousing the Wrath of the Great and Powerful SEC and FINRA (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6370/securities-industry-commentator/

FINRA Arbitrators Hit Commonwealth Financial with Compensatory and Punitive Damages in Defamation Case (BrokeAndBroker.com Blog)

BREAKING NEWS: Supreme Court Rejects "Look-Through" Approach in Confirming/Vacating Arbitration Awards

Denise A. Badgerow, Petitioner, v. Greg Walters, et al. (Opinion, United States Supreme Court)

Massachusetts Superior Court Denies Secretary of State Galvin's Motion Against Robinhood

Robinhood Financial, LLC. v. William F. Galvin, Secretary of the Commonwealth (Decision/Order)

SEC Division of Examinations Announces 2022 Examination Priorities / Enhances Focus on Private Funds, ESG, and Operational Resiliency

SEC Holds Fidelity Transfer Services In Default and Orders Cease-and-Desist (No -- not "that" Fidelity but apparently another Fidelity)

In the Matter of Fidelity Transfer Services, Inc. and Ruben Sanchez (SEC Opinion)

Former Comptroller And Compliance Specialist At Investment Adviser Firm Pleads Guilty To Conspiring To Defraud Clients (DOJ Release)

Brooklyn Man Pleads Guilty to Insider Trading and Tax Evasion (DOJ Release)

Suburban Chicago Woman Sentenced to a Year in Federal Prison for Insider Trading (DOJ Release)

Court Finds El Paso Man and His Firm Liable for Defrauding Forex and Cryptocurrency Clients of More Than $7.2 Million (CFTC Release)

FINRA Fines and Suspends Aegis Capital Rep for Unsuitable Trading and Unauthorized Discretion

In the Matter of Scott Neil Hananel, Respondent (FINRA AWC)

SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to Special Purpose Acquisition Companies, Shell Companies, and Projections

Statement on the Proposal to Enhance Investor Protections in SPACs by SEC Commissioner Allison Herren Lee

Statement on the SPACs Proposal by SEC Commissioner Caroline A. Crenshaw

Damning and Deeming: Dissenting Statement on Shell Companies, Projections, and SPACs Proposal by SEC Commissioner Hester M. Peirce

Staff Bulletin: Standards of Conduct for Broker-Dealers and Investment Advisers Account Recommendations for Retail Investors

FINRA Referral Letter Cited In Federal Insider Trading Appeal (BrokeAndBroker.com Blog)

FINRA Arbitration Claimant Asks Federal Court to Appoint Counsel (BrokeAndBroker.com Blog)

Arousing the Wrath of the Great and Powerful SEC and FINRA (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6369/securities-industry-commentator/

FINRA Referral Letter Cited In Federal Insider Trading Appeal (BrokeAndBroker.com Blog)

SEC Holds Fidelity Transfer Services In Default and Orders Cease-and-Desist (No -- not "that" Fidelity but apparently another Fidelity)

In the Matter of Fidelity Transfer Services, Inc. and Ruben Sanchez (SEC Opinion)

Former Comptroller And Compliance Specialist At Investment Adviser Firm Pleads Guilty To Conspiring To Defraud Clients (DOJ Release)

Brooklyn Man Pleads Guilty to Insider Trading and Tax Evasion (DOJ Release)

Suburban Chicago Woman Sentenced to a Year in Federal Prison for Insider Trading (DOJ Release)

FINRA Suspends Rep for Unauthorized Trading and Falsification of Customer Notes

In the Matter of Michael McDermott, Respondent (FINRA AWC)

FINRA Arbitration Claimant Asks Federal Court to Appoint Counsel (BrokeAndBroker.com Blog)

Arousing the Wrath of the Great and Powerful SEC and FINRA (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6368/securities-industry-commentator/

FINRA Arbitration Claimant Asks Federal Court to Appoint Counsel (BrokeAndBroker.com Blog)

SEC Charges Seven California Residents in Insider Trading Ring / Three tech company employees along with family and friends charged in $1 million scheme (SEC Release)

CFTC Awards Approximately $625,000 to Four Whistleblowers (CFTC Release)

SEC Proposes Rules to Include Certain Significant Market Participants as "Dealers" or "Government Securities Dealers" (SEC Release)

Statement on Proposal to Further Define "As a Part of a Regular Business" in the Definition of Dealer and Government Securities Dealer by SEC Commissioner Hester M. Peirce

FINRA OHO Fines and Suspends Rep for Failure to Disclose Outside Account, Inaccurate Annual Compliance Questionnaires, and Failure to Comply with Rule 8210 Demands

FINRA Department of Enforcement, Complainant, v. Jason Lynn DiPaola, Respondent (Decision, FINRA Office of Hearing Officers, Discip. Proc, No. 2018057274302 / March 25, 2022)

Arousing the Wrath of the Great and Powerful SEC and FINRA (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6367/securities-industry-commentator/

Arousing the Wrath of the Great and Powerful SEC and FINRA (BrokeAndBroker.com Blog)

Cybercriminal Connected to Multimillion Dollar Ransomware Attacks Sentenced for Online Fraud Schemes (DOJ Release)

Phony Investment Adviser Sentenced To 16 Years In Prison (DOJ Release)

SEC Awards $1.25 Million to Whistleblower Claimant

Order Determining Whistleblower Award Claims

FINRA Bars JPMorgan Securities Rep for Reversing Bank Fees

In the Matter of Jeffrey Karakatsanis, Respondent (FINRA AWC)

Fines and Suspends Ameriprise Rep for Private Securities Transactions

In the Matter of Jonathan Michael Turner, Respondent (FINRA AWC)

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