Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 2, 2020

35-year-old mother of two and pregnant nurse Sylvia Licin took care of coronavirus patients in Brooklyn until she got the virus herself. After Licin went on a ventilator, her heart stopped and her brain lost four minutes of oxygen before she was revived. She now needs specialized rehab at a center for brain injury. Each of us can rarely change the world but we can often change at least one person's life for the better. Please, if you can, donate to Sylvia Licin at her GoFundMe page: https://www.gofundme.com/f/help-a-front-line-nurse-and-baby-get-proper-care

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5192/securities-industry-commentator/

FINRA Baseball Caps, Rice Krispies Treats, Hiring Spree, and ZOOM OTRs

(BrokeAndBroker.com Blog)

Crisis begins to hit professional and public-sector jobs once considered safe (Washington Post by Andrew Van Dam)

42-year-old retiree: 'I lost more than $600,000 due to the pandemic. Now I'm second-guessing early retirement' (CNBC by Sam Dogen)

BlackRock, Voya Revive a Credit Trade That Returned Double-Digits (Bloomberg by Claire Boston and Melissa Karsh)

Massachusetts Man Charged With Orchestrating Ponzi Scheme, Defrauding Clients of More than $10 Million (SEC Release)

Israel's Largest Bank, Bank Hapoalim, Admits To Conspiring With U.S. Taxpayers To Hide Assets And Income In Offshore Accounts / Bank Hapoalim (Switzerland) Pleads Guilty and Bank Hapoalim B.M. Enters into Deferred Prosecution Agreement for Criminal Misconduct; Agree to Pay Nearly $875 Million (DOJ Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5191/securities-industry-commentator/

Market Structure & COVID-19: Handling Increased Volatility and Volumes (FINRA Uncripted)

FINRA Fines Kestra Investment Services For Regulation S-P Violations.

In the Matter of Kestra Investment Services, LLC, Respondent (FINRA AWC)

Former Stanford Group Company Chief Compliance Officer Files SEC Appeal With Wrong Court

Bernerd E. Young, Petitioner, v. Securities and Exchange Commission, Respondent (Opinion, United States Court of Appeals for the District of Columbia Circuit)

Tesla's Elon Musk rails against government coronavirus mandates / The billionaire slammed the government for coronavirus stay- at-home orders (Fox Business News by Suzanne O'Halloran)

New York City's Farmers Markets Set New Safety Standards / Farmers and producers have benefited from being part of a collection of small businesses, working together to survive (Bloomberg by Kate Krader)

The Human Cost of Cheap Meat Gets Higher in the Pandemic / Working in a processing plant has always been grueling and dangerous. With Covid-19, it's even scarier. (Bloomberg by Peter Coy)

[In]Securities Guest Blog: Get What You Need by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5190/securities-industry-commentator/

GOP Sen. Hawley asks DOJ to open a criminal investigation into Amazon (CNBC by Lauren Feiner)

HSBC hits pause on mass layoffs after profits plunge by nearly 50% (CNN by Michelle Toh)

Second Employee in Cash Flow Partners' Bank Fraud Conspiracy Admits Role in Multimillion-Dollar Loan Scheme (DOJ Release)

SEC Charges Investment Adviser Representative for Conducting Fraudulent "Cherry-Picking" Scheme (SEC Release)

Federal Appellate Court Upholds Enforcement of IRS Summons Seeking Information Concerning Law Firm Clients Involved in Foreign Transactions (DOJ Release)

SEC Charges Company and CEO for COVID-19 Scam (SEC Release)

SEC Awards Over $18 Million to Whistleblower (SEC Release)

Damages Awarded in Form U5 Defamation Case Against Allstate (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5189/securities-industry-commentator/

If You Sent This Man To Receive Your Fund (Email from an idiot to me)

Damages Awarded in Form U5 Defamation Case Against Allstate (BrokeAndBroker.com Blog)

Eighth Circuit Upholds Determination that Wells Fargo is Liable for Penalties for Engaging in Abusive Tax Shelter Scheme (DOJ Release)

SEC Charges Two California Charter School Officials with Misleading Investors in Bond Offering (SEC Release)

Wall Street Quants Are Turning Their Skills to the Virus Fight (Bloomberg by Justina Lee)

FINRA Imposes Fine and Suspension for Forged Endorsement in Parents and Wife's Accounts. In the Matter of Steven Todd Gary, Respondent (FINRA AWC)

Doctors apply for SBA coronavirus funding in struggle to keep practices afloat during the pandemic (CNBC by Bertha Coombs)

Distilleries Are Turning Stale Beer Into Coronavirus Whiskey / And hand sanitizer, too. (Bloomberg by Brad Japhe)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5188/securities-industry-commentator/

Federal Court De-Fangs Merrill Lynch In Class Action Dismissal (BrokeAndBroker.com Blog)

Former Executives and Investment Group Settle Fraud Action (SEC Release)

SEC Charges Founders and Issuer for Conducting Fraudulent and Unregistered ICO (SEC Release)

SEC Forms Cross-Divisional COVID-19 Market Monitoring Group (SEC Release)

Jeff Concepcion and Howard Milstein combine to take dead aim at COVID-distressed RIA market -- putting youthful executive energies and a billionaire's capital on a bold path (RIABiz by Oisin Breen)

Wall Street Tries to Figure Out How to Get Back to the Office (Bloomberg by Jennifer Surane and Michelle F Davis)

BREAKING NEWS: Supreme Court Finds that the Patient Protection and Affordable Care Act ("Obamacare") Created a Government Obligation to Pay Insurers the Full Amount of "Risk Corridors" Formula

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