Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

August 10, 2019

District Court Denied Morgan Stanley Injunction In Non Solicitation Case
( Blog)

Modernization of Regulation S-K Items 101, 103, and 105 (SEC Proposed Rule)

FINRA Imposes Temporary C&D. FINRA Department of Enforcement, Complainant, v. Alpine Securities Corporation, Respondent (FINRA OHO Order)

Brooklyn Man Pleads Guilty to Investment Scheme that Defrauded Elderly Victims / Defendant Solicited Money for Purported Investments in Pre-Initial Public Stock Offerings and Used the Funds for Personal Expenses (DOJ Release)

Former CEO of Israeli Company Found Guilty of Orchestrating $145 Million Binary Options Fraud Scheme (DOJ Release) 

CEO Of Miami Investment Management Companies Pleads Guilty To Defrauding Investors Of Over $7.5 Million / Fabio Bretas de Freitas lied to regulators in an effort to cover up his use of client funds for personal expenses (DOJ Release)

SEC Charges Commercial Pilot with Real Estate Investment Fraud (SEC Release)

SEC Obtains Temporary Restraining Order and Asset Freeze in Startup Company Investment Scheme (SEC Release)

A Taxing Case. In the Matter of the Arbitration Between Eugene E. Brucker and the Eugene E. Brucker Revocable Trust DTD 05/20/09, Claimants, v. Wells Fargo Advisors, LLC and David W. Mesker, Jr,, Respondents (FINRA Arbitration Decision)

It's a Family Affair for Ameriprise in FINRA Expungement. In the Matter of the Arbitration Between Timothy Robert Jirak, Claimant, v. Ameriprise Financial Services, Inc., Respondent (FINRA Arbitration Decision)

Barclays' Bank Shot Caroms Into Federal Court Reprimand ( Blog)

Former Maryland Insurance Agent and Financial Planner Sentenced to Almost Five Years in Federal Prison for $2.8 Million Fraud Scheme / Defendant's Employer Settled with the Victims Who Suffered Financial Losses as a Result of the Scheme (DOJ Release)

Massachusetts Woman Sentenced To 41 Months For Orchestrating Fraudulent Investment Scheme (DOJ Release)

Regulation Best Interest / SEC Adopts Best Interest Standard of Conduct FINRA Regulatory Notice 19-26)