Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 20, 2018

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer

Former PCAOB Inspections Leader And KPMG Executive Director Pleads Guilty To Scheme To Steal Confidential PCAOB Information In Order To Fraudulently Improve KPMG's PCAOB Inspection Results (DOJ Release)

State Farm Stockbroker, His Relative, a Faked Insurance Policy, Travel Perks, Job Loss, and FINRA ( Blog)

In the Matter of the Applications of Securities Industry and Financial Markets Association for Review of Actions Taken by NYSE Arca, Inc., and Nasdaq Stock Market LLC (Opinion; '34 Act Rel. No. 84432; Admin. Proc. File No. 3-15350)  ("SEC SIFMA Opinion")


In the Matter of the Applications of Securities Industry and Financial Markets Association and Bloomberg L.P. for Review of Actions Taken by Various National Securities Exchanges and
National Market System Plans in Their Role as Registered Securities Information Processors (Order; '34 Act Rel. No. 84433) ("SEC SIFMA Order")

Nomura Agrees to Pay $480 Million in Civil Penalties for Misleading Investors in Sale of Residential Mortgage-Backed Securities (DOJ Release)

Former State Street Executive Sentenced for Scheme to Defraud Clients through Secret Trading Commissions (DOJ Release)

SEC Charges Ebay's Former Director of SEC Reporting with Insider Trading (SEC Litigation Release No. 24317)

As SEC's 'zero tolerance' era for RIAs commences post-DOL, a regulatory law firm makes anticipatory hires ( by by Oisin Breen)

Investment Advisor Pleads Guilty to $6.1 Million Ponzi Scheme (DOJ Release)

Co-Founder Of Investment Fund Charged In Manhattan Federal Court For Participating In Multi-Million Dollar Fraud Scheme / Jason Rhodes Charged with Lying to Investors and Misappropriating Investor Funds (DOJ Release)

SEC Investigative Report: Public Companies Should Consider Cyber Threats When Implementing Internal Accounting Controls (SEC Release 2018-236)

Coachella Valley-Based Conman Sentenced to 10 Years in Federal Prison in Fraud Schemes that Cost Victims Nearly $2 Million (DOJ Release)

The New American Dream: Retirement Security (Speech at the Brookings Institute by SEC Commissioner Kara Stein) 

Stuck Inside Of Mobile With The Holiday Inn Blues Again ( Blog)

In the Matter of RD Legal Capital, LLC and Roni Dersovitz (PUBLIC REDACTED ALJ Initial Decision; SEC; Initial Decision Release No. 1260; Administrative Proceeding File No. 3-17252 / October 15, 2018)

In the Matter of James A. Winkelmann, Sr. and Blue Ocean Portfolios, LLC (ALJ Initial Decision Following Remand; SEC; Initial Decision Release No. 1261; Administrative Proceeding File No. 3-17253 / October 15, 2018)

Federal Court in New York Orders Kevin Antonovich to Pay $554,375 Judgment for Commodity Pool Fraud (CFTC Release 7828-78)

June M. Ward, Plaintiff/Appellee v. J. J. B. Hilliard; W.L. Lyons, LLC d/b/a Hilliard Lyons, a Kentucky Corporation (Opinion, Appellate Court of Illinois; 2018 IL App (5th) 180214; No. 5-18-0214)

SEC Halts Sham Real Estate Investment Offering Fraud (SEC Litigation Release No. 24316)