Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 6, 2019

FINRA Special Notice: 2019 Involvement and Election Process Overview (FINRA Special Notice)

Staten Island Man Sentenced to 36 Months' Imprisonment for $2.5 Million Real Estate Investment Scheme Targeting Elderly Victims / Defendant Used Investors' Money for Personal Expenses, Including Pet Supplies, Restaurants and His Child's School Tuition (DOJ Press Release)

SEC Charges Maine Resident with Defrauding Investors in $3 Million Christian Concert Scheme (SEC Release)

In The Matter Of The Applications Of Bart Steven Kaplow, Daryl Andrew Cole, Frank Cuenca, Thomas Prentice, Kurt Jackson, Brock Mosely, Ronald R. Wetzel, Peter A. Ramsay, Donald Anthony Wojnowski, Mark Vernon Rottler, Carl G. Gordinier, and Timothy Arthur Vanderver III For Review of Action Taken by FINRA (SEC Order Consolidating Proceedings and Postponing Further Briefing)

SEC Scheduling Order: The Nuts and Bolts of Trying Your Case 
( Blog)

SEC Obtains Final Judgment Against Aveo Pharmaceuticals Executive (SEC Release)

SEC Settles Insider Trading Charges Against Pharma Company Accountant, Three Others (SEC Release)

FINRA Fines and Suspends Rep in Real Estate Fund Note Offering. In the Matter of John D. Ernst, Respondent (FINRA AWC)

Digitized IBM Red Herrings Clog Transparent Good Squares Intersection
IBM artificial intelligence can predict with 95% accuracy which workers are about to quit their jobs ( @Work by Eric Rosenbaum)

Strategic Hub for Innovation and Financial Technology Issues Statement on the Framework for Investment Contract Analysis of Digital Assets

U.S. Attorney's Office Settles Disability Discrimination Allegations Related to the CPA Exam (DOJ Release)

FINRA Fines and Suspends Rep for Emailing Confidential Info Of 1,696 Plan Participants 
( Blog)

SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors (SEC Release)

The Founder and Chairman of a Multinational Investment Company, a Company Consultant and Two North Carolina Political Figures are Charged with Public Corruption and Bribery (DOJ Release)

FIH, LLC, Plaintiff/Appellant, v. Foundation Capital Parnters LLC, FKA Foundation Managing Member LLC, Dean Barr, Joseph Meehan, Thomas Ward, and Joseph Elmlinger, Defendants/Appellees (Opinion, 18-CV-357, United States Court of Appeals for the Second Circuit)

SEC Charges College Official for Fraudulently Concealing Financial Troubles from Municipal Bond Investors (SEC Release)

SEC Obtains Final Judgment Against New York Broker Charged with Stealing from Investors (SEC Release)

Mick Jagger to Undergo Heart Valve Replacement Surgery

Are You Prepared for Your Financial Future? Use the SEC's Investor Preparedness Checklist to Find Out / Chairman Jay Clayton Breaks Down Investment Basics in New Video Series (SEC Release)

FINRA Foundation and ALA Announce 50 Public Libraries to Host Thinking Money for Kids Traveling Exhibition (FINRA Release)

FINRA Arbitration Asks If Conservative Strategy Was Too Conservative ( Blog)

FINRA Fines and Suspends Rep for Altered Car Service Receipts. In the Matter of Prabir Purohit, Respondent (FINRA AWC)

Indian National Sentenced To More Than Eight Years For Call Center Scam (DOJ Relase)

Beltsville Man Sentenced to 87 Months in Federal Prison for Stealing Over $4.2 Million in a Business E-Mail Compromise Scheme / Fraudsters in U.S. and Overseas Gained Access to E-Mail Accounts, Then Duped Victims into Wiring Millions of Dollars (DOJ Release)

Former South Carolina Resident Pleads Guilty to Charity Fraud Scheme Targeting Marine Corps Families (DOJ Release)

SEC Shuts Down Fraudulent Investment Advisor Who Was Targeting Members of the Israeli-American Community (SEC Release)

FinTech Global Markets Acquires Sutter Securities to Form a Modern Investment Banking Enterprise / The merger creates a powerful combination of financial business lines to serve issuers and investors (Press Release)

Brothers Who Allegedly Ran Unlicensed Financial Advisory Business Out of Their Parents' Encino Home Face Wire Fraud Charges (DOJ Release)

Ex-Husband Says Ex-Wife and Stockbroker Looted Insurance Proceeds From Joint Account ( Blog)

Ukrainian Man Extradited to the United States to Face Charges in International Money Laundering and Fraud Scheme / Money Mule Operation Allegedly Effectuated the Theft and Laundering of at Least $2.8 Million (DOJ Release)

SEC Charges Medical Device Company With FCPA Violations (SEC Release)

Manhattan Jeweler Pleads Guilty To Insider Trading (DOJ Release)

Pro Se Associated Person Wins Damages and Expungement in FINRA Arbitration In the Matter of the Arbitration Between Todd Gary Schwendiman, Claimant, v. Alternative Asset Investment Management Securities, LLC, Respondent (FINRA Arbitration Decision)