Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

January 16, 2021

Visa and Plaid Abandon Merger After Antitrust Division's Suit to Block / Decision to Terminate Deal Preserves Competition (DOJ Release)

3Cir Reverses Wilmington Trust Defendants' Convictions for False Statement and Certification and Vacates for Conspiracy and Securities Fraud
United States of America v. Robert V.A. Harra, Jr., Appellant
United States of America v. David Gibson, Appellant
United States of America v. William B. North, Appellant
United States of America v. Kevyn N. Rakowski, Appellant
(Opinion, United States Court of Appeals for the Third Circuit, Nos. 19-1105, -1136, -1190, and -1237 / January 12, 2021)

Owner of Bitcoin Exchange Sentenced to Prison for Money Laundering (DOJ Release)

Former CEO Of Real Estate Private Equity Investment Firm Charged With Securities Fraud (DOJ Release)

SEC Charges Real Estate Fund Manager With Misappropriating Over $7 Million From Retail Investors (SEC Release)

Suburban Chicago Man Pleads Guilty to Laundering Proceeds From Telemarketing Scheme That Defrauded Elderly Victims (DOJ Release)

SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud (DOJ Release)

Chairman Of Venture Capital Funds Sentenced To Six Years For Securities And Wire Fraud In Manhattan Federal Court (DOJ Release)

Bradbury Man Sentenced to 10 Years in Prison for Leading Role in $147 Million Mining and Digital Currency Fraud (DOJ Release)

Judge sentences former company Vice President/Chief Financial Officer for stealing nearly $800,000 in company funds

FINRA Censures and Fines VALIC Financial Advisors for VA Supervision
In the Matter of VALIC Financial Advisors, Inc., Respondent (FINRA AWC)

Voya Racial Discrimination Case Sheds Harsh Light On Wall Street Mandatory Arbitration ( Blog)