Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 24, 2018

Springfield Man Pleads Guilty to Federal Drug Charge After Shipping Marijuana in Styrofoam Rocks Out of State (DOJ Release)

District Court Enters Temporary Restraining Order Blocking Three Elder Fraud Schemes From Sending Fraudulent Letters (DOJ Release)

Attorney General Underwood Announces Nationwide Policy Changes By National Retailers, Part Of AG Initiative To Combat Gift Card Fraud / Gift Card Scams Have Rapidly Increased -- Including a 270% Increase in Recent Years / Walmart, Best Buy, and Target Have Already Made Significant Reforms as Part of AG Initiative; Attorney General Underwood will Continue to Press Other Retailers to Make Changes to Help Protect Consumers from Scam Artists  (NY Attorney General Release)

Bank Executive and Husband Sentenced after Embezzling $2.7 Million (DOJ Release)
Boston Woman Pleads Guilty to Role in $2.7 Million Bank Fraud Scheme (DOJ Release)

Orleans Investment Adviser Pleads Guilty to Multi-Million Dollar Fraud and Identity Theft (DOJ Release)

Hurricane Restoration Company and Executives Settle SEC Accounting Fraud Charges (SEC Release)

Manhattan U.S. Attorney Announces Criminal Charges Against Societe Generale S.A. For Violations Of The Bank to Pay Total Penalties of more than $1.3 Billion as part of Resolution with Federal and State Prosecutors and Regulators (DOJ Release)

SEC Declines to Lift Temporary Suspension of Inactive CPA. In the Matter of Karen Bruton (SEC Order Denying Petition to Lift Temporary Suspension and Directing Hearing; '34 Act Rel. No. 84627; Admin. Proc. File No. 3-18790)

Stockbroker Wins Expungements of Decade Old Customer Complaints
( Blog)

Defendant Pleads Guilty to Defrauding Investors in Binary Options and Cryptocurrency Scheme and Admits to Obstructing Justice (DOJ Release)

FINRA Bars Rep for False Mileage Expenses.In the Matter of  John Robert Nicholson, Respondent (AWC 2016052411501, November 19, 2018).

Competitively Different Cambridge Loses Culturally Unique FINRA Block Trade Arbitration ( Blog)

Statement on Digital Asset Securities Issuance and Trading (SEC Division of Corporation Finance, Division of Investment Management, and Division of Trading and Markets)

Two ICO Issuers Settle SEC Registration Charges, Agree to Register Tokens as Securities (SEC Release)

Financial Analyst Sentenced to Federal Prison for Embezzling more than $1.1 Million from Honeywell (DOJ Release)

Former Registered Financial Advisor Pleads Guilty to Bank Fraud For Role in Scheme to Fraudulently Obtain and Misuse Credit Lines, Generating Over $1 Million in Improper Commissions (DOJ Release)

CFTC and State of Utah Charge Salt Lake City Precious Metals Dealer and His Company with Engaging in $170 Million Precious Metals Ponzi Scheme (CFTC Release)