Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 9, 2019

SEC Division of Enforcement 2019 Annual Report (SEC Release)

In]Securities Guest Blog: Wishin' I Was Stoned by Aegis Frumento Esq ( Blog)

FINRA Orders Merrill Lynch, Pierce, Fenner & Smith Inc., Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. to Pay More Than $12 Million in Restitution to Customers for Supervisory Failures Involving 529 Plan Share Classes / Firms Failed to Reasonably Supervise 529 Plan Share-Class Recommendations Made to Customers; Matters Identified Prior to FINRA Initiative Launched in January (FINRA Release)

Enters Judgment Against Promoter in Pump-And-Dump Scheme Ordering Him to Pay $1.7 Million (SEC Release)

President Of Purported Intergovernmental Organization Indicted For Cryptocurrency Scheme (DOJ Release)

SEC Charges Investment Adviser for Failing to Disclose Conflicts (SEC Release)

Rockland County Man Charged With Running Multimillion-Dollar Ponzi And Embezzlement Schemes / The Defendant is also Charged with Structuring Offenses (DOJ Release)

SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community (SEC Release)

Florida Firm Fined for Advising Texas Clients While Unregistered (TSSB Release)

2 Pleas, 2 Federal Courts,1 Horrific Ponzi Scheme, and Lots of Lousy Wall Street Regulation ( Blog)

$200 Cash Advance Earns Stockbroker a FINRA Bar. FINRA Department of Enforcement, Complainant, v. Michael Royce Minghenelli, Respondent (FINRA Office of Hearing Officers Default Decision)

Dunmore Man Charged With Bank Fraud (DOJ Release)

SEC Proposes to Modernize the Advertising and Cash Solicitation Rules for Investment Advisers  (SEC Release)

SEC Proposes Amendments to Modernize Shareholder Proposal Rule (SEC Release)

SEC Proposes Rule Amendments to Improve Accuracy and Transparency of Proxy Voting Advice (SEC Release)

Public Statement of SEC Chairman Jay Clayton on Proposals to Enhance the Accuracy, Transparency and Effectiveness of Our Proxy Voting System (SEC Release)

Public Statement on Proposals to Restrict Shareholder Voting by SEC Commissioner Robert J. Jackson (SEC Release)

Statement on Shareolder Rights by SEC Commissioner Allison Herren Lee (SEC Release)

Statement at the Open Meeting: Modernizing SEC Rules Governing Proxy Voting Advice by SEC Commissioner Elad L. Roisman (SEC Release)

Statement at the Open Meeting: Procedural Requirements and Resubmission Thresholds under Exchange Act Rule 14a-8 by SEC Commissioner Elad L. Roisman (SEC Release)