Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

December 5, 2020


Customer's Annuities Lawsuit Backfires During FINRA Arbitration (BrokeAndBroker.com Blog)

Brummer v. Wey Parties Enter Into Joint Stip for Teleconferencing Depositions of Former FINRA Exec Ketchum and Current CLO Colby 

SEC Charges The Cheesecake Factory For Misleading COVID-19 Disclosures (SEC Release)

Former CEO and Founder of Technology Company Pleads Guilty to Investment Fraud Scheme (DOJ Release)

Former Investment Manager Charged in Scheme to Defraud Life Insurance Company (DOJ Release)

Maryland Lawyer Charged with Defrauding Financial Institutions and Other Entities to Obtain Control over $12.5 Million of Somali Sovereign Assets (DOJ Release)

Vitol Inc. Agrees to Pay Over $135 Million to Resolve Charges for Bribery Schemes in Latin America / First Ever Parallel Foreign Bribery Enforcement Action with the Commodity Futures Trading Commission (DOJ Release)

CFTC Orders Vitol Inc. to Pay $95.7 Million for Corruption-Based Fraud and Attempted Manipulation / First CFTC Enforcement Action Involving Foreign Corruption (CFTC Release)

FINRA Fines Member Firm for AML Testing
In the Matter of Great American Investors, Inc., Respondent (FINRA AWC)













The LPL Stockbroker, The Customer Lawsuit, The Expungement Arbitration, and The SLAPP Lawsuit (BrokeAndBroker.com Blog)

JPMorgan Traders Set for Up to 20% Bonus Jump After Record Year (Bloomberg by Michelle F Davis and Sridhar Natarajan)

Pennsylvania Attorney Sentenced for Role in $2.7 Million Ponzi Scheme (DOJ Release)

Lead Defendant Pleads Guilty in Long Island Federal Court to Transnational Fraud Scheme / Callers Based in India Impersonated Federal Employees and Netted Over $2 Million From Victims Across the United States (DOJ Release)

Owner and Operator of India-Based Call Centers Sentenced to Prison for Scamming U.S. Victims out of Millions of Dollars (DOJ Release)

SEC Charges Florida Firm and Executive with Operating an Affinity Fraud Targeting the Haitian-American Community (SEC Release)

Judgment Entered in Microcap Pump and Dump Scheme Targeting Elderly Retail Investors (SEC Release)