Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

September 10, 2022

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/6646/securities-industry-commentator/

GUEST BLOG: [In]Securities: Trading Cards as a Meditation: Are NFTs "Securities"? by Aegis Frumento Esq (BrokeAndBroker.com Blog)

A Lack of Finality: The Trevor Saliba Saga at FINRA and the SEC (BrokeAndBroker.com Blog)

Fun While It Lasted. 2Cir Vacates SDNY Judgment in Citibank's $1.8 Billion Revlon Loan Blunder

Citibank, N.A., Plaintiff/Appellant, v. Brigade Capital Management, LP, HPS Investment Partners, LLC, Symphony Asset Management LLC, Bardin Hill Loan Management LLC, Greywolf Loan Management LP, Zais Group LLC, Allstate Investment Management Company, Medalist Partners Corporate, Finance LLC, Tall Tree Investment Management LLC, New Generation Advisors LLC, Defendants/ Appellees, Investcorp Credit Management US LLC, and Highland Capital Management Fund Advisors LP, Defendants (Opinion, United States Court of Appeals for the Second Circuit, No. 21-487)

FINRA board member's firm settles cases without disclosure of conflicts (Financial Planning by Tobias Salinger)

Worcester Investment Adviser Pleads Guilty to Fraud and Witness Tampering (DOJ Release)

EmpiresX Head Trader Pleads Guilty to Global Cryptocurrency Investment Fraud Scheme that Amassed Approximately $100 Million from Investors (DOJ Release)

SEC Charges Two Advisory Firms for Custody Rule Violations, One for Form ADV Violations, and Six for Both (SEC Release)

Manhattan Woman Who Operated Fraudulent Investment Scheme Charged With Securities And Wire Fraud (DOJ Release)

SEC Charges "Money Magnet" Promoter and Company with Offering Fraud Totaling Approximately $300,000 (SEC Release)

Kennedy and Crypto by SEC Chair Gary Gensler

Remarks at SEC Speaks 2022 by SEC Director, Division of Enforcement, Gurbir Grewal

Federal Court Orders New York Man to Pay Over $800,000 for Commodity Pool Fraud (CFTC Release)

SEC Charges Former Vice President of Medical Device Company with Insider Trading (SEC Release)

Aspiration Financial Loses Oddball Pro Se Customer FINRA Arbitration

In the Matter of the Arbitration Between Aspiration Financial LLC, Claimant, v. Becky Keith, Respondent (FINRA Arbitration Award)

FINRA Sanctions Joseph Stone Capital for Failed Supervision -- Regulator Cites Suitability and Private Placements

In the Matter of Canaccord Genuity Wealth Management (USA) Inc., Respondent (FINRA AWC)

FINRA Sanctions Joseph Stone Capital for Failed Supervision -- Regulator Cites Suitability and Excessive Trading

In the Matter of Joseph Stone Capital L.L.C., Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Customer Loans

In the Matter of James Gingles, Respondent (FINRA AWC)

Former Stockbroker Sentenced to 6 1/2 Years in Prison for $3.2 Million Investment Fraud, Cheating on Taxes and Grandparent Scam (DOJ Release)

SEC Charges Perceptive Advisors for Failing to Disclose SPAC-Related Conflicts of Interest (SEC Release)

SEC Denies Whistleblower Award to Claimant

Order Determining Whistleblower Award Claims

SEC Denies Whistleblower Award to Claimant

Order Determining Whistleblower Award Claims

SEC Denies Whistleblower Award to Claimant

Order Determining Whistleblower Award Claims

SEC Denies Whistleblower Award to Claimant Citing Untimely Filing

Order Determining Whistleblower Award Claims

SEC Denies Whistleblower Award to Claimant Citing "Potential or Theoretical Use"

Order Determining Whistleblower Award Claims

CFTC Charges Swap Dealer for Failure to Supervise Valuation Activities on Two Derivatives Trading Desks (CFTC Release)

CFTC Charges Former Trader for Engaging in a Fraudulent Scheme to Mismark U.S. Dollar Interest Rate Derivatives (CFTC Release)

Oppenheimer & Co. Inc. Demolished by $30 Million in FINRA Arbitration Damages

In the Matter of the Arbitration Between Donald Robinson, Timothy and Sharon Padden, Rhett Rainey, Kelly A. Rainey Trust, Toucan Holdings L.P., Robert Goodman, Robert Daniel Burgner, Individually and as Trustee of The Burgner Family Charitable Remainder Trust, Douglas Kasemeier, Wesley Callaway and Billy Loveless, Claimants, v. Oppenheimer & Co., Inc., Respondent, v James Woods, Michael Mooney, Britt Wright, Iris Israel, and Julie Jones, Third-Party Respondents (FINRA Arbitration Award)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/6645/securities-industry-commentator/

A Lack of Finality: The Trevor Saliba Saga at FINRA and the SEC (BrokeAndBroker.com Blog)

FINRA board member's firm settles cases without disclosure of conflicts (Financial Planning by Tobias Salinger)

EmpiresX Head Trader Pleads Guilty to Global Cryptocurrency Investment Fraud Scheme that Amassed Approximately $100 Million from Investors (DOJ Release)

Manhattan Woman Who Operated Fraudulent Investment Scheme Charged With Securities And Wire Fraud (DOJ Release)

Kennedy and Crypto by SEC Chair Gary Gensler

Federal Court Orders New York Man to Pay Over $800,000 for Commodity Pool Fraud (CFTC Release)

SEC Charges Former Vice President of Medical Device Company with Insider Trading (SEC Release)

Aspiration Financial Loses Oddball Pro Se Customer FINRA Arbitration

In the Matter of the Arbitration Between Aspiration Financial LLC, Claimant, v. Becky Keith, Respondent (FINRA Arbitration Award)

FINRA Sanctions Joseph Stone Capital for Failed Supervision -- Regulator Cites Suitability and Excessive Trading

In the Matter of Joseph Stone Capital L.L.C. Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Customer Loans