Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

December 14, 2019

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer

[In]Securities Guest Blog: Lawyers, Guns and Money by Aegis Frumento Esq ( Blog)

Hackers allegedly emptied brokerage accounts with a simple email scam - here's how to protect yourself ( by Kate Fazzini)

SEC Charges Florida Resident and His Corporate Entity for Fraudulent Securities Offerings (SEC Release)

SEC Obtains Final Judgment Against Former Online Marketing Company Executive (SEC Release)

SEC Charges Founder, Digital-Asset Issuer With Fraudulent ICO (SEC Release)

Pennsylvania Man Indicted In "SIM Swapping" Scheme To Steal Cryptocurrency (DOJ Release)

FINRA NAC Piles on Fines on Out of Business Spencer Edwards, Inc. In the Matter of Department of Enforcement, Complainant, vs. Spencer Edwards, Inc., Respondent (FINRA National Adjudicatory Council Decision)

FINRA Fines Aeon Capital and Its CCO over Taping Rule. In the Matter of Aeon Capital Inc. and Vincent Michael Bruno, Respondents (FINRA AWC)

FINRA Fines and Suspends Rep For Not Properly Confirming Hacker's Identity and Unauthorized Trades. In the Matter of William Darby, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Providing Former Firm's Blotters to Another Firm. In the Matter of Brett David Levinson, Respondent (FINRA AWC)

The end of the traditional IPO: Airbnb, Gitlab and others consider direct listings as banks begin to come around (

Testimony on "Oversight of the Securities and Exchange Commission" Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs by SEC Chair Clayton (SEC Release)

15 Defendants Charged In Manhattan Federal Court For $18 Million Fraud Scheme (DOJ Release)

Three Men Arrested in $722 Million Cryptocurrency Fraud Scheme (DOJ Release)

CFTC Charges New Mexico Resident with Fraud in Long-Running Ponzi Scheme (CFTC Release)

Stock Promoter Sentenced to 7 Years in Prison in Multi-Million Dollar Securities Fraud Case (DOJ Release)

East Bay Residents Sentenced In Scheme To Sell Fraudulent Financial Instruments / Defendants Ordered to Pay Restitution to Victims (DOJ Release)

SEC Obtains Asset Freeze to Halt Alleged Offering Fraud (SEC Release)

2Cir Says Plaintiffs Failed to Plead the Chicken Or the Egg in Poultry Antitrust Case. Gordon Gamm and Don Pritchard, Plaintiffs/Appellants, v. Sanderson Farms, Inc., Joe F. Sanderson, Jr., Michael D. Cockrell, and Lampkin Butts, Defendants/Appellees (Opinion, United States Court of Appeals for the Second Circuit, 18-CV-0284)

Customer Carries 31 Year Old Grudge Into Broker Expungement Case ( Blog)

Appellate Court Sustains Criminal Conviction in Schwab Restraining Order Dispute ( Blog)

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

Ericsson Agrees To Pay More Than $1 Billion To Resolve Foreign Corrupt Practices Act Case (DOJ Release)

SEC Charges Multinational Telecommunications Company With FCPA Violations (SEC Release)

Sometimes You Just Got To Wonder -- The oddball Merrill Lynch expungement case. In the Matter of the Arbitration Between Craig Wakefield, Claimant, v. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent (FINRA Arbitration Decision)

UBS Sued for $2 Million In Wrongful Termination Arbitration. In the Matter of the Arbitration Between Mark A. Pent, Claimant, v. UBS Financial Services, Respondent (FINRA Arbitration Decision)

Order Determining Whistleblower Award Claims (Release No. 34-87663; File No. 2020-3)

Order Determining Whistleblower Award Claims (Release No. 34-87662; File No. 2020-2)