Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW - BrokeAndBroker.com

RRBDLAW and BrokeAndBroker are under new ownership. We are working hard to reimagine this service and still bring hard-hitting industry commentary, but with new contributors. Legacy content is still available, however, If you are looking for how to contact Bill Singer, he is no longer affiliated with either service, due to his decision to retire from these websites. Please check back or subscribe to our mailing list to be notified of our relaunch! Thank you for your patience!

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

February 20, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5698/securities-industry-commentator/

New Research: Four in 10 American Households Had Difficulty Withstanding a Financial Crisis Before COVID-19 / Financial Resilience Toughest for Millennials, Singles, Women and Those With Lower Incomes, No College Degree and Facing Unemployment (FINRA Release / February 17, 2020)

Nobody looks out for retail investors (Fox Business by Charles Payne / Feb. 18, 2021)

FINRA Fines and Suspends Rep Over Allowing Barred Father On Branch Premises

In the Matter of James Alan Schumaker, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep Over Willful Non-Disclosure/Untimely Disclosure of Liens and Judgment

In the Matter of James Scott Harrison, Respondent (FINRA AWC)

GUEST BLOG [In]Securities: Instant Karma 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/5697/securities-industry-commentator/

An Elderly Grandma and Sister Who Wasn't and the New VA Beneficiaries (BrokeAndBroker.com Blog)

Liquor Entrepreneur Arrested For Defrauding Investors (DOJ Release)

SEC Charges Tequila Company Founder with Misappropriating Investor Funds (SEC Release)

Maple Grove Investment Advisor Pleads Guilty To Defrauding Clients Out Of More Than $2.2 Million (DOJ Release)

Three North Korean Military Hackers Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe / Indictment Expands 2018 Case that Detailed Attack on Sony Pictures and Creation of WannaCry Ransomware by Adding Two New Defendants and Recent Global Schemes to Steal Money and Cryptocurrency from Banks and Businesses while Operating in North Korea, China (DOJ Release)

Attorney General James Sues to Shut Down Illegal Cryptocurrency Trading Platform and Virtual Currency, Seeks to Recoup Defrauded Funds for Thousands of Investors / Coinseed Willfully Ignored Numerous Securities and Commodities Registration Laws / Unregistered Trading Platform Put Thousands of Investors' Money at Risk (NYAG Release)

SEC Charges Digital Asset Trading Platform and Its CEO with Registration Violations (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5696/securities-industry-commentator/

SEC Cites League of Extraordinary Advisers In Denying Waiver of Bar (BrokeAndBroker.com Blog)

SEC Charges Ratings Agency With Disclosure And Internal Controls Failures Relating To Undisclosed Model Adjustments (SEC Release)

Craig C. Garrick, Jr. Sentenced To A Year In Federal Prison For Securities Fraud / Defrauded Victims out of $450,000 in Financial Fraud Scheme (DOJ Release)

Northampton County Man Sentenced to 4 1/2 Years for Bilking Family, Friends & Fraternity Brothers out of Over $1 Million in Phony Stock Scheme (DOJ Release)

Nigerian National Sentenced to Prison for $11 Million Global Fraud Scheme (DOJ Release)

FINRA Censures and Fines Actinver Securities Inc. Over AML Issues

In the Matter of Actinver Securities, Inc., Respondent (FINRA AWC)

FINRA Fines and Suspends Rep Over Reg SP Violations

In the Matter of Nathaniel Leigh Goldenberg, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5695/securities-industry-commentator/

FINRA Arbitrators Sanction Spoliation of Evidence by Industry Respondents But Voice Displeasure with Claimant's Production

In the Matter of the FINRA Arbitration Between Guillermo Lopez Perez, Claimant, v. OFS Securities, Inc. and Oriental Financial Services Corp., Respondents (FINRA Arbitration Award)

FINRA Fines and Suspends CCO / AMLCO For Structuring (BrokeAndBroker.com Blog)

Statement of Acting Chair Allison Herren Lee on Contingent Settlement Offers (SEC Release)

Statement of Commissioners Hester M. Peirce and Elad L. Roisman on Contingent Settlement Offers

Owners of Foreign Currency Exchange Investment Company Indicted for $129 Million Wire Fraud and Conspiracy (DOJ Release)

Foreign currency trader sentenced for investment fraud scheme (DOJ Release)

Permalink