Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 4, 2019

Bottle of White, Bottle of Red, Perhaps An Assisted Living Bond Instead ( Blog)

9Cir Finds Federally Chartered Bank's Corporate Trust Department Not Under MSRB Jurisdiction for Purposes of FINRA Arbitration. BOKF, NA, Plaintiff/Counter-Defendant/Appellant, v. Robert Estes; Karen Niles; Jerry Carpenter; Shirley Carvey, James Carpenter, as Co-Trustee of the Carpenter Family Rev Trust UAD 1/19/14; Becky Lynn Carpenter, as Co-Trustee of the Carpenter Family Rev Trust UAD 1/19/14, Defendants/Counter-Claimants/Appellees (Opinion, 9Cir) 

Stockbroker Barred for Undisclosed Loans from Customers and Conversion. In the Matter of AXA Advisors, LLC., Respondent (FINRA AWC)

FINRA Arbitration Includes Admission of Non-Dischargability of Debt in Bankruptcy. In the Matter of the Arbitration Between Lesley Mooney IRA R/O FCC, Stephen W. Mooney, Lesley S. Mooney, and Stephen Mooney IRA R/O FCC, Claimants, v. Rhodes Securities, Inc., Christopher Paul Anthony, Jim Gordon Rhodes, J. Gordon Rhodes, and Marilyn Ruth Zehntner, Respondents (FINRA Arbitration Stipulated Award) 

Two Men Charged in Insurance Investment Fraud Scheme that Caused Hundreds of Millions in Victim Losses (DOJ Release)  

Webmaster Frequently Asked Questions (

Federal Court Remands SEC's Willfulness Findings in Robare Form ADV Case ( Blog)

Arizona Man And Israeli Woman Charged In Connection With Providing Shadow Banking Services To Cryptocurrency Exchanges (DOJ Release)

Miami Man Admits to Laundering More than $1.5 Million in Proceeds from Business Email Compromise Schemes and to Selling Reptiles Without a License (DOJ Release)

Meadview Man Sentenced to Prison for Drug Sales, Theft of Government Property, and International Smuggling of Federally-Protected Cacti (DOJ Release)

Former CEO of Hospital Chain to Pay $3.46 Million to Resolve False Billing and Kickback Allegations (DOJ Release)

Morgan Stanley Liable For Over $400,000 in Mismanaged Portfolio Arbitration. In the Matter of the Arbitration Between Carpenter Law Firm Defined Benefit Plan, Claimant, and Morgan Stanley & Co., LLC and Michael Lee Carney, Respondents (FINRA Arbitration)

Beyond Hollywood: Money Laundering in the Securities Industry (FINRA Unscripted Podcast)

Two Costa Rican Residents Sentenced to Lengthy Prison Terms in Connection with $10 Million International Telemarketing Scheme (DOJ Release)   

Former Florida Property Manager Sentenced to More than 12 Years in Prison for Orchestrating an International Fraud Scheme (DOJ Release)