Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

September 14, 2019

Wells Fargo Bank Personal Banker Pleads Guilty to Money Laundering and Bank Fraud (DOJ Release)

Court Allows Wells Fargo Stockbroker to Contact Former But Not Current Clients 
( Blog)

SEC Proposes Transparency and Financial Accountability Amendments to the CAT NMS Plan (SEC Release)

Florida Resident Pleads Guilty to Mail Theft Related to Fraud Scheme Targeting Financial Institutions (DOJ Release)

North Suburban Psychologist Sentenced to Prison for Billing for Nonexistent Services (DOJ Release)

Erroneously Named Rep Wins Expungement of Customer Complaint. In the Matter of the Arbitration Between Brian Joseph Lombardi, Claimant, v. IAA Financial, LLC, Respondent (FINRA Arbitration Decision) 

Rep Named as Nominal Respondent Wins Expungement of Customer  Arbitrations. In the Matter of the Arbitration Between Scott Layne Hultsman, Claimant, v. Eplanning Securities, Inc. Respondent (FINRA Arbitration Decision) 

Form CRS Relationship Summary; Amendments to Form ADV / a Small Entity Compliance Guide (SEC Release)

FINRA Cites Kalos Capital For Poor Supervision of Leveraged and Inverse Exchange Traded Funds (LIETFs). In the Matter of Kalos Capital, Inc. and Darren Michael Kubiak, Respondents (FINRA AWC) 

Former Associated Persons Awarded Over $1.7 million Against Credit Suisse. In the Matter of the Arbitration Between Christian N. Cram, Andrew E. Firstman, and Mark G. Horncastle, Claimants, v. Credit Suisse Securiteis (USA) LLC, Respondent (FINRA Arbitration Decision)

Oops I Did It Again Is No Defense In Second FINRA AWC ( Blog)

Investment Adviser Sentenced to 70 Months in Prison for Stealing Millions of Dollars from Clients (DOJ Release)

Ex-White House Military Aide and Maryland Businessman Found Guilty For Operating Fraudulent EB-5 Visa Scheme (DOJ Release)

Stock Promoter Who Caused Tens of Millions in Losses Pleads Guilty to Securities Fraud Charges (DOJ Release)

SEC Charges Los Angeles-Based Entertainment Company and Two Executives for Their Roles in $19 Million IIIegal Securities Offering (SEC Release)