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

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Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 17, 2018

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4288/securities-industry-commentator/

Dramatic Reversal of High Profile Libel Case Involving FINRA NAC Panelist Plaintiff Christopher Brummer and Defendant Benjamin Wey /

Christopher Brummer, Plaintiff-Respondent-Appellant,v. Benjamin Wey, et al., Defendants-Appellants-Respondents. Martin Redish, Steven Shiffrin and Eugene Volokh, Amici Curiae. (Decision and Order, NYS Appellate Division, First Department; 2018 NY Slip Op 07843 / November 15, 2018)

Wells Fargo Personal Banker Indicted for Money Laundering (DOJ Release)

SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors (SEC Release)

Stockbroker Victimized By Mother In Law Complaint About Stolen Funds (BrokeAndBroker.com Blog)

Brooklyn Businessman Pleads Guilty to Defrauding Investors through Two Initial Coin Offerings / Defendant Sold Unregistered Securities, Falsely Claiming That They Were Backed by Real Estate and Diamonds (DOJ Release)

In CFTC Action, Federal Court Orders Hedge Fund and Its Principals To Pay More Than $1 Million for Fraud and Registration Violations (CFTC Release)

FINRA Fines and Sanctions Rep for Corporate Borrowing from Lawyer.

In the Matter of Ronald Jacob Dawson, Respondent (AWC 016050800401, November 14, 2018)

SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign (SEC Release)

Proposed Rule Change Relating to FINRA Rule 4570 (Custodian of Books and Records) (SR-FINRA-2018-039)

Court Prohibits Former Ramapo Town Supervisor from Participating in Muni Offerings and Orders Him to Pay Penalties (SEC Release)

SEC Announces the Resolution of Civil and Criminal Actions Against Former CFO of Information Technology Company (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4287/securities-industry-commentator/

GUEST BLOG: Pragmatic Federalism In a Blockchained World by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Former State Street Executive Sentenced for Scheme to Defraud Clients Through Secret Trading Commissions (DOJ Release)

Rare Dismissal by FINRA Arbitration Panel of Customer Complaint Prior to Conclusion of Case in Chief

In the Matter of the FINRA Arbitration Between John and Jane Fuchs, Claimants, vs. G.F. Investment Services, LLC, Madison Avenue Securities, LLC, Andrew M. Costa, and Christopher Grant Conness, Respondents (FINRA Arbitration18-01756, November 13, 2018).

Defendant in SEC Enforcement Action Pleads Guilty to Investment Adviser Fraud and Lying to the SEC (SEC Release)

Yeah, I know, the holiday season is upon us and some of you are hoping for year-end promotions, salary increases, and bonuses. Some of you will get 'em. Some of you won't. This article is dedicated to those of you who will find coal in your holiday business stockings and start to plan all sorts of devious ways to get back at your employer.

Former IT Administrator Found Guilty of Federal Charges for Hacking into Computers of His Former Employer in Irvine (DOJ Release)

North Texas Developer Indicted for Alleged $17 Million Real Estate Fraud (TSSB Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4286/securities-industry-commentator/

SEC Settles Insider Trading Claims Against Former Chairman and CEO of Advanced Medical Optics (SEC Release)

Legend-ary FINRA Public Customer Arbitration (BrokeAndBroker.com Blog)

Double Jeopardy Clause After Kokesh in SEC Civil Disgorgement: USA, Plaintiff/Appellee, v. Douglas A. Dyer and James H. Brennan III, Defendants/Appellants (Opinion, United States Court of Appeals for the Sixth Circuit, 17-6174 and 17-6177 / November 13, 2018)

Oisin's Bits: LPL hacked through Capital Forensics' breach, leaks personal info, account numbers (RIABiz.com)

Trader Sentenced to 15 Months in Federal Prison for Misappropriating $1.1 Million in Cryptocurrencies (DOJ Release)

FINRA Settles Business Expense Case

In the Matter of John J. Baldeck, Respondent (AWC 2016050321501, November 12, 2018).

Nigerian National Indicted for Internet Fraud Scheme (DOJ Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4285/securities-industry-commentator/

Costumes, Candy, and Compliance: Remarks at the National Membership Conference of the National Society of Compliance Professionals by SEC Commissioner Hester Peirce

Court Orders Wife of Accused Ponzi Schemer to Pay Millions of Dollars (SEC Release)

Stockbroker Told to Provide Personal Email Account Password to Employer (BrokeAndBroker.com Blog)

In the Matter of Commonwealth Financial Network, Respondent (AWC 2016049975901, November 9, 2018).

In the Matter of Mark Stewart Saunders, Respondent (AWC 2018058028601, November 9, 2018)

SEC Files Amended Complaint Adding Wives of Principal Defendants as Relief Defendants

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