Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW - BrokeAndBroker.com

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 15, 2023

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/6984/securities-industry-commentator/

BREAKING NEWS: SCOTUS Says Securities Exchange Act and Federal Trade Commission act do not prevent a challenge to the constitutionality of the SEC or FTC in federal District Court.
UNITED STATES SUPREME COURT (Opinion, April 14, 2023, 598 U.S. ____ (2023))

After Thanking Very Helpful Whistleblower, The SEC Then Stabs The Tipster In The Back (BrokeAndBroker.com Blog)

FINRA Arbitrators Award Damages Against Morgan Stanley In Case Alleging Customer Lacked Mental Capacity (BrokeAndBroker.com Blog)

Pro Se Registered Respondent A No Show At Arbitration Involving Cambridge Capital Group (BrokeAndBroker.com Blog)

Financial Professionals Coalition, Ltd.
JOIN TODAY -- FREE MEMBERSHIP

Man Convicted Of Defrauding Elderly Widow Of $1.2 Million (DOJ Release)

Four People Indicted for Roles in Romance and Internet Frauds, Illegal Money Transmitting (DOJ Release)

Westport Investment Advisor Sentenced to Prison for Tax Offense (DOJ Release)

Osceola County Mortgage Loan Officer Convicted Of Bank Fraud And Aggravated Identity Theft Charges Involving Forging Of Judges’ Signatures (DOJ Release)

Fugitive financial advisor indicted for $10 million investment fraud scheme (DOJ Release)

Former Investment Banker and Registered Broker Charged with Operating Cryptocurrency Investment Fraud Scheme (DOJ Release)

Grand Jury Charges San Fernando Valley Man Who Allegedly Embezzled $2.2 Million in Money and Real Estate from Elderly Victim (DOJ Release)

Founder And Former Chief Investment Officer Of Infinity Q Sentenced To 15 Years In Prison (DOJ Release)

Bakersfield CPA Pleads Guilty to Stealing Over $350,000 from Investors (DOJ Release)

SECURITIES AND EXCHANGE COMMISSION
(Release No. 34-97294; File No. SR-FINRA-2022-024) April 12, 2023
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendments Nos. 1 and 2, to Amend the Codes of Arbitration Procedure to Modify the Current Process Relating to the Expungement of Customer Dispute Information

SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes (SEC Release)

SEC Obtains Final Judgment Against Former Chief Credit Officer of Wilmington Trust

SEC Obtains Judgment After Executives Settle Case Alleging an Inflated Truck Pricing Scheme (SEC Release)

SEC Awards Almost $1.9 Million to Whistleblower Claimant 1
Order Determining Whistleblower Award Claim

SEC Awards About $1 Million to Whistleblower Claimant 1 But Denies Whistleblower Award to Claimant 2
Order Determining Whistleblower Award Claim

Escaping the Data Swamp: Remarks before the RegTech 2023 Data Summit by SEC Commissioner Hester M. Peirce

Federal Court Orders Florida Man and His Two Entities to Pay Over $16 Million for Fraud, Misappropriation, and Making False Statements to the CFTC (CFTC Release)

CFTC Charges New York Resident with Fraud and Misappropriation in Digital Assets Trading Scheme (CFTC Release)

CFTC Orders Goldman Sachs to Pay $15,000,000 for Violations of Swap Business Conduct Standards / Swap Dealer Failed to Disclose Pre-Trade-Mid-Market Marks and Failed to Communicate in a Fair and Balanced Manner (CFTC Release)

FINRA Fines and Suspends Rep For Conversion of Premiums
In the Matter of Stephenie Ashley Collins, Respondent (FINRA AWC)

FINRA Fines Firm For Variable Annuities Supervision and Net Capital
In the Matter of Gary Goldberg & Co., LLC, formerly known as Bruderman Brothers LLC, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Reg S-P
In the Matter of Gordon Scott Wallace, Respondent (FINRA AWC)

Permalink