Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 16, 2020

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5218/securities-industry-commentator/

New York Stock Exchange to partially reopen May 26, with 'vital new safety measures,' president says (Bloomberg by Yun Li)

Wall Street Heavyweights Are Sounding Alarm About Stocks (Bloomberg by Katherine Burton, Melissa Karsh, and Sophie Alexander)

Post-coronavirus, Morgan Stanley, Goldman Sachs could look very different / Morgan Stanley boasts the biggest brokerage sales force on Wall Street, with close to 16,000 financial advisers (Fox Business)

It's "too early to write the epitaph" for office real estate, UBS analyst says (CNBC by Diana Olick)

UPDATE: Federal Court Orders Rare TRO In Favor Of Terminated Rep Against Investacorp (BrokeAndBroker.com Blog)

SEC Charges Companies and CEO for Misleading COVID-19 Claims (SEC Release)

In the Matter of the Application of Securities Industry and Financial Markets Association for Review of Action Taken by CAT LLC and Certain Self-Regulatory Organizations (SEC Order)

Trump farmer: America's food supply in danger if we don't use immigrant workers legally / There's a direct line between having guaranteed labor and being able to pivot to meet the changing needs of this new crisis (Fox Business by Fred Leitz)

How one South Carolina restaurant owner is thinking about reopening (CNBC by Amelia Lucas)

McDonald's reportedly sent franchisees a 59-page guide for reopening dining rooms (CNBC by Amelia Lucas )

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5217/securities-industry-commentator/

No-Action Letter: Financial Industry Regulatory Authority, Inc. Request Regarding Certain Requirements Arising From Sections 19(b)(1) and 19(g)(1) of the Securities Exchange Act of 1934 and Exchange Act Rule 19b-4 Given the Health and Safety Concerns and Impacts of the COVID-19 Pandemic (SEC Release)

FINRA Enforcement: Protecting Investors and Markets in Good Times and Bad (FINRA UNscripted with Executive Vice President/Head of Enforcement Jessica Hopper)

Lessons from porn industry could help Hollywood adapt to coronavirus (Reuters by Rollo Ross)

Reality TV Personality Charged with Bank Fraud (DOJ Release)

SEC Charges Investment Adviser and Principals for Breaching Fiduciary Duties (SEC Release)

Grocery prices are soaring. Here's what's getting more expensive (CNN by David Goldman)

Shoppers begin to shift from stockpiling to penny pinching at the grocery store (CNBC by Melissa Repko)

Coronavirus will reverse globalization and create regional supply chains, economists predict (CNBC by Chloe Taylor)

Blocking all mergers during pandemic is �misguided,' DOJ antitrust chief says (CNBC by Lauren Hirsch)

[In]Securities Guest Blog: Troubled Water Over the Bridge 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/5216/securities-industry-commentator/

FINRA Arbitrators Award Severance to Former Barclays Employee (BrokeAndBroker.com Blog)

How Citigroup, Morgan Stanley Are Returning to Offices in Asia (Bloomberg by Cathy Chan and Alfred Liu)

The Work-From-Home Trader Who Shook Global Markets / A new book reveals fresh details about the man authorities blamed for the Flash Crash that erased $1 trillion of value in a matter of minutes. (Bloomberg)

Cramer: Elon Musk is 'dead right' to reopen Tesla's auto manufacturing plant in California (CNBC by Matthew J. Belvedere)

SEC Obtains Judgments Against Florida Men in Ponzi Scheme Action (SEC Release)

SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud (SEC Release)

My $1.75 Million Irrevocable Compensation Payment (A Securities Industry Commentator Exclusive from Bill Singer, Esq.)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5215/securities-industry-commentator/

SEC Charges Morgan Stanley Smith Barney With Providing Misleading Information to Retail Clients / Settlement Will Create $5 Million Fund to Benefit Harmed Investors (SEC Release)

FINRA Imposes Fine and Suspension for Rep's Transmittal of Customer Documents Via Email

In the Matter of Sune Gaulsh, Respondent (FINRA AWC)

FINRA Imposes Fine and Suspension for Rep's Fraternal Benefit Society Short-cut

In the Matter of Robert Nordaune, Respondent (FINRA AWC)

CityMD mistakenly told 15,000 people with coronavirus antibodies they're immune (CNBC by William Feuer)

If Landlords Get Wiped Out, Wall Street Wins, Not Renters / Bans on evictions and rent strikes could push out small investors.(Bloomberg Businessweek by Prashant Gopal and Oshrat Carmiel)

Live Nation, Bishop Gunn host coronavirus pandemic's first-ever socially distant concert / The live music venue will limit seating capacity to 229 (Fox Business by Angelica Stabile)

Trump orders federal retirement money invested in Chinese equities to be pulled / The assets at hand number around $4.5 billion in Chinese stocks (Fox Business by Blake Burman)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5214/securities-industry-commentator/

Santa Monica Man Admits Orchestrating Online Romance Scam that Conned Four Women into Investing in His Bogus Companies (DOJ Release)

In the Matter of the Application of MEMX LLC for Registration as a National Securities Exchange Findings, Opinion, and Order of the Commission (Federal Register, Vol. 85, No. 90)

Oil Crash Busted Broker's Computers and Inflicted Big Losses (Bloomberg by Matthew Leising)

Teen Hacker and Crew of �Evil Geniuses' Accused of $24 Million Crypto Theft (Bloomberg by Bob Van Voris)

Coronavirus sows doubt over bitcoin's rally after third 'halving' (Reuters by Gertrude Chavez-Dreyfuss)

ETF Universe Shrinks for First Time With Niche Funds Dying Off (Bloomberg by Claire Ballentine)

Why farmers dump food and crops while grocery stores run dry and Americans struggle (Fox Business by Hollie McKay)

Farmers welcome $1.2B in USDA purchases for food banks / The USDA is expected to purchase up to $3 billion in goods (Fox Business by Evie Fordham)

As U.S. meat workers fall sick and supplies dwindle, exports to China soar (Reuters by Tom Polansek)

Why Chicken Is Plentiful During the Pandemic and Beef Is Not / Poultry production has long been the most industrialized of U.S. agricultural operations. (Bloomberg by Justin Fox)

CFTC Seeks to Revoke Registrations of Commodity Pool Operator and its CEO (CFTC Release)

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