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

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 20, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed
curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/7044/securities-industry-commentator/

FINRA Fines and Suspends Rep For Borrowing from Friend During Covid Pandemic (BrokeAndBroker.com Blog)

JP Morgan Caught In The Middle of Dueling Address Changes in Customers' Divorce (BrokeAndBroker.com Blog)

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

2Cir affirms SDNY Judgment against Elon Musk
Securities and Exchange Commission, Plaintiff/Appellee, v. Elon Musk, Defendant/Appellant (Order, United States Court of Appeals for the Second Circuit)

DOJ RELEASES

Wisconsin Man Charged With Hacking Fantasy Sports And Betting Website / Defendant Sold Access to Hacked Accounts with Instructions on How to Drain the Accounts’ Funds (DOJ Release)

Former Mutual Fund Founder And Manager Sentenced For Defrauding Investors (DOJ Release)

Former company Chief Financial Officer indicted for using $35 million in company cash to invest in cryptocurrency venture / Made the investment to benefit himself and lost virtually all the value in volatile cryptocurrency market (DOJ Release)

Former Chief Financial Officer of $21 Billion Biopharmaceutical Company Admits Insider Trading (DOJ Release)

Prominent Ghanaian Influencer Charged For Role In Romance Scheme And Extradited From United Kingdom To The United States / Mona Faiz Montrage Received Over $2 Million in Fraud Proceeds and Pretended to Marry One Victim to Further the Fraud Scheme (DOJ Release)

Jury Convicts Insurance Agent Of Defrauding Elderly Investors (DOJ Release)

SEC RELEASES

SEC Denies Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

SEC Obtains Default Judgments Against Unregistered Brokers for Conducting a Fraudulent and Unregistered Offering of Crypto Asset Securities (SEC Release)

SEC Awards Over $3,000 Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

SEC Obtains Final Judgments Against New York Investment Adviser and Others for Defrauding Investors in a Multi-Million Dollar Ponzi Scheme (SEC Release)

SEC Proposes Rule Amendments and New Rule to Improve Risk Management and Resilience of Covered Clearing Agencies (SEC Release)

SEC Charges 10 Microcap Companies with Securities Offering Registration Violations (SEC Release)

SEC Charges Microcap Company and Its Executives with Fraud (SEC Release)

SEC Charges Red Rock Secured, Three Executives in Fraud Scheme Targeting Retirement Accounts (SEC Release)

“Lessons from Mrs. O’Leary’s Cow:” Remarks before the Atlanta Federal Reserve Financial Markets Conference by SEC Chair Gary Gensler

Commissioner Uyeda Remarks at MFA Global Summit

CFTC RELEASES

The CFTC and State Regulators in California and Hawaii Charge Los Angeles Area Precious Metals Dealer in Ongoing $61 Million Fraud Targeting the Elderly (CFTC Release)

FINRA RELEASES

FINRA Fines and Suspends Rep for Pretending to be Customer During Telephone Call to Annuity Provider
In the Matter of Brian Edward Reilly, Respondent (FINRA AWC)

FINRA Censures and Fines MML Investors Services, LLC For Untimely Forms U4/U5
In the Matter of MML Investors Services, LLC, Respondent (FINRA AWC)

FINRA Censure and Fines Crews & Associates, Inc, Over Municipal Bonds Markups and Supervision
In the Matter of Crews & Associates, Inc, Respondent (FINRA AWC)

FINRA Fines and Suspends Crews & Associates, Inc Co-Founder, Over Municipal Bonds Markups and Supervision
In the Matter of Rush F. Harding III, Respondent (FINRA AWC)

Enforcement and Economics: Driving Better Case Outcomes Through Collaboration (FINRA Unscripted)

Permalink