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

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 22, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed

curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/6996/securities-industry-commentator/

FINRA Bars former Securities America Rep For Conversion (BrokeAndBroker.com Blog)

Time to Call False Start Penalty Against SEC Reg ATS Rulemaking (BrokeAndBroker.com Blog)

2Cir Remands to EDNY Disparate Sentence In Boiler Room Pumping (BrokeAndBroker.com Blog)

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SCOTUS Holds that Foreign Sovereign Immunities Act Does Not Immunize From Criminal Prosecution
Turkiye Halk Bankasi A. S. a/k/a Halkbank, Petitioner v. United States

Audio and Transcript of April 17, 2023, SCOTUS Oral Argument: Slack Technologies, Inc. v. Pirani

Former broker accused of duping friends, classmates and colleagues out of $1M in crypto-fueled fraud (Financial Planning by Justin L. Mack)

Texas Securities Board Enters Final Order Against Crypto Firm Nexo Capital, Inc. (TSSB Release)

Committee Republicans Blast Chair Gensler’s Misrepresentation of Non-Existent Digital Asset Trading Platform Registration Process / Gensler continues to try to force trading platforms to "come in and register," while failing to provide a workable process

DOJ RELEASES

Disbarred Attorney Arrested For Involvement In Multi-Million-Dollar Fraud Scheme / Gerald Shaw, a Disbarred Attorney and Convicted Felon, was the Purported “Chief Compliance Officer” of Dominion Bank and Trust Company Limited, Which Defrauded 60 Victims out of $4 Million Through an Advance Fee Scheme (DOJ Release)

South Carolina Woman Pleads Guilty to Fraud Conspiracy Targeting Retirees and Military Pension Holders (DOJ Release)

Florida Woman Pleads Guilty To Defrauding Holocaust Survivor Of $2.8 Million In Connection With Romance Scam (DOJ Release)

SEC RELEASES

SEC Files Charges in Fine Wine Investment Fraud Scheme (SEC Release)

SEC Obtains Judgments Against Former Hedge Fund Portfolio Manager and Trader Related to Hedge Fund Valuation Scheme (SEC Release)

SEC Charges Investment Adviser Betterment for Misstatements Concerning Tax Loss Harvesting Service (SEC Release)

SEC Settles Offering Fraud Case Against Convicted Fraudster and His Companies, and Returns Funds to Certain Investors Harmed by the Fraud (SEC Release)

SEC Settles Multi-Tiered Insider Trading Case Against Convicted Fraudster, His Friend and Tippee, and a Former IIIumina Accountant (SEC Release)

SEC Charges South Florida Broker with Misrepresenting Securities Registrations to African-American Investors of the Christian Faith (SEC Release)

SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency / Bittrex Global GmbH also charged for failing to register as a national securities exchange (SEC Release)

SEC Obtains More Than $5 Million in Final Judgments Against Two Defendants in IIIicit Trading Scheme (SEC Release)

April 18, 2023, Testimony of Chair Gary Gensler before the United States House of Representatives Committee on Financial Services by SEC Chair Gary Gensler

Strengthening Our Partnership with States and Other Jurisdictions to Protect Investors and Promote Market Integrity by SEC Commissioner Jaime Lizárraga (NASAA 2023 Public Policy Symposium Keynote Remarks)

CFTC RELEASES

FINRA RELEASES

FINRA Suspends Rep For Unnecessary Mutual Fund Sales Charges
In the Matter of Todd Ray Anderson, Respondent (FINRA AWC)

FINRA Suspends Rep For Private Securities Transactions
In the Matter of Johnathan Jasper Norton, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Removing Customer Information
In the Matter of Randell J. Ogden, Respondent (FINRA AWC)

FINRA Censure and Fines Regal Securities for Supervision
In the Matter of Regal Securities, Inc., Respondent (FINRA AWC)

2023 Senior Investor Protection Conference: The Latest Trends, Scams and Schemes (FINRA UnScripted Podcast)

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