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

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 29, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed
curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/7008/securities-industry-commentator/

FINRA Arbitrator Dismisses 21 Year Old Claim Against Citigroup Global Markets (BrokeAndBroker.com Blog)

The Six-Year FINRA and SEC Regulatory Saga of Craig Scott Capital (BrokeAndBroker.com Blog)

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr (Federal Reserve Board Release)

FINRA Arbitrators Checkmate SunTrust With Punitive Damages for Misuse of Rep's Name and Picture (BrokeAndBroker.com Blog)

JPMorgan Seeks TRO Against Advisor Who Fled to Morgan Stanley / In a complaint filed last week, JPMorgan accused the advisor of criticizing its investment offerings and the advisor who replaced him, to induce clients to make the jump to Morgan Stanley. (Financial Advisor IQ by Glenn Koch)

In re: Facebook, Inc. Consumer Privacy User Profile Litigation

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

CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages / It is illegal for debt collectors to sue or threaten to sue to collect debts past the statute of limitations (CFPB Release)

DOJ RELEASES

Man Sentenced for Stealing Over 712 Bitcoin Subject to Forfeiture (DOJ Release)

Former Chief Financial Officer Of Two SPACs Sentenced To 36 Months In Prison For Fraud Scheme / Cooper Morgenthau Embezzled More Than $5 Million and Caused False Statements to be Made to Accountant and Auditor and in SEC Filings (DOJ Release)

Leader Of Miami Crew Pleads Guilty To Defrauding Banks And Cryptocurrency Exchange Of More Than $4 Million (DOJ Release)

Two Sentenced To Prison For ‘We Build The Wall’ Online Fundraising Fraud Scheme (DOJ Release)

Three Nevada Men Convicted In Multimillion Dollar Prize Notice Scheme (DOJ Release)

Georgia Man Indicted for Scheme to Defraud Elderly Suffolk County Victim of More Than $5 Million / Defendant and his Co-Conspirators Falsely Told Victim to Send Millions of Dollars to Claim Certificate Needed for "Inheritance" (DOJ Release)

Five Individuals Charged in $2M Virtual Asset and Securities Manipulation Scheme (DOJ Release)

IRB Brasil Agrees to Pay Shareholders $5M in Connection with Securities Fraud Scheme (DOJ Release)

SEC RELEASES

SEC Obtains Default Judgments Against Three Defendants in an Investment Fraud Scheme Involving Penny Stock Companies (SEC Release)

SEC Charges Frank's International with FCOPA Violations in Angola (SEC Release)

SEC Obtains Final Judgment from Former Executive for His Role in $100 Million Accounting Fraud (SEC Release)

In the Matters of Warren A. Davis and Gibraltar Global Securities, Inc. (SEC Order)

SEC Denies Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

Tow Truck Taxonomies: Remarks before Eurofi by SEC Commissioner Hester M. Peirce

CFTC RELEASES

Federal Court Orders Former Head of International Binary Options Scheme to Pay More than $561,000 in Restitution (CFTC Release)

CFTC Charges Commodity Trading Advisor, Commodity Pool Operator and Its Owner with Fraudulently Allocating Trades / Court Issues Restraining Order to Protect Assets and Documents (CFTC Release)

Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud CFTC’s Largest Fraud Scheme Case Involving Bitcoin / Highest Civil Monetary Penalty Ordered in a CFTC Case (CFTC Release)

CFTC Charges Precious Metals Dealers and Their Owner in Multimillion Dollar Fraud Targeting the Elderly (CFTC Release)

Swap Dealer Pays Over $6.8 Million for Violations of Swap Dealer Business Conduct Standards (CFTC Release)

FINRA RELEASES

FINRA Censure and Fines SprinkleBrokerage and Fines and Suspends the Firm's AMLCO.

FINRA Fines and Suspends Rep For Private Securities Transactions
In the Matter of Matthew J. Mangini, Respondent (FINRA AWC)

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