Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 2, 2019


Pawtucket Man Sentenced in International Scam Targeting the Elderly (DOJ Release)

E Pur Si Mouve, Idioti! (Or So An SEC ALJ Should Mutter) (BrokeAndBroker.com Blog)

SEC Charges International Security-Based Swaps Dealer That Targeted U.S. Investors (SEC Release)

SEC Obtains Final Judgement Against Thailand-Based Trader Charged with Insider Trading (SEC Release)

FINRA Fines and Suspends Two Reps For Enabling Statutorily Disqualified Individual to Engage in Securities Business. FINRA Department of Enforcement, Complainant, vs Kim K. Kopacka and Beth A. DeBouvre, Respondents (Order Accepting Offer of Settlement).

FINRA Censures, Fines, and Imposes Undertakings on Member Firm over OBA, Electronic Communications, and Branch Inspection Violations. In the Matter of Aurora Capital LLC, Respondent (FINRA AWC)

FINRA Censures and Fines Firm, and Fines and Suspends FINOP Over FOCUS Violations. In the Matter of Alexander Capital. L.P. and Thomas Sullivan, Respondents (FINRA AWC)


Former Wells Fargo Banker Pleads Guilty for Involvement in Movie Financing Fraud Scheme (DOJ Release)

Federal Jury Convicts Former Video Store Owner of Selling Counterfeit DVDs (DOJ Release)

[In]Securities Guest Blog: Everybody Knows by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Obama Will Kill the Stock Market. No, Trump Will. No, Warren Will (Bloomberg.com by Sarah Ponczek and Vildana Hajric)

FINRA Fines, Suspends, and Orders Requalification of Managing Director in Research Department Over Undisclosed Employment Conflict. In the Matter of Michael G. King, Jr., Respondent (FINRA AWC) 

Las Vegas, Nevada Man Pleads Guilty to Role in Million Dollar Scheme Targeting Thousands of U.S. Servicemembers and Veterans (DOJ Release)

Florida Federal Court Orders Defendant to Pay More than $2 Million in a Foreign Currency Fraud Scheme (CFTC Release)

United States Reaches Settlement to Recover More Than $700 Million in Assets Allegedly Traceable to Corruption Involving Malaysian Sovereign Wealth Fund (DOJ Release)




Cantor Fitzgerald Hit With Nearly $1 Million FINRA Arbitration Award in Employment Dispute. In the Matter of the Arbitration Between James Patrick Smyth, Claimant, v. Cantor Fitzgerald & Co., Respondent (FINRA Arbitration Decision)

Claimant's Attorney In ER, Claimant's Wife Gives Birth, but FINRA Arbitrators Won't Postpone Hearing (BrokeAndBroker.com Blog)

Stockbroker Fined and Suspended Over Oral Discretion Authorized by Customers. In the Matter of Martin J. Petela, Respondent (FINRA AWC)

Missouri Man Sentenced to Nearly Two Years in Prison for His Role in "Field of Schemes" Organic Grain Fraud Involving More than $120 Million in Total Fraudulent Sales / Missouri Man was Fifth Man Sentenced for Playing a Role in Largest Organic Grain Fraud Scheme in U.S. History (DOJ Release)

Federal Court Orders Florida Company to Pay More Than $15 Million in Monetary Sanctions for Fraud and Illegal Transactions (CFTC Release)