Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 25, 2019
















Justice Department Seeks to Intervene in Private Class Action to Enforce Prohibition on Unlawful "No-Poach" Agreements / Settlement Prohibits Duke University from Maintaining or Entering into Unlawful Agreements not to Compete for Employees (DOJ Release)


In the Matter of Paul B. Powers, Esq., Respondent (SEC Order)

SEC Charges Four Individuals in a Microcap Fraud (SEC Release)

SEC Files Subpoena Enforcement Against Individual for Failing to Produce Documents and Appear for Testimony (SEC Release)

Ex-Credit Union Manager Pleads Guilty to Bank Fraud in $40 Million Embezzlement that Rendered Institution Insolvent (DOJ Release)

Ex-Mirae Bank Executive Sentenced to More than 5 Years in Prison for Loan Fraud that Caused Large Losses to the Bank (DOJ Release)       


Member Firm Refuses to Produce Settlement Agreement in FINRA Expungement Arbitration (BrokeAndBroker.com Blog)

SEC's "Kaplow Order" Docket of FINRA Arbitration Appeals Grows Larger. In the Matter of the Application of Timothy Charles Sullivan for Review of Action Taken by FINRA (SEC Order Denying Motion to Dismiss and Consolidating Appeal) - and - 
In the Matter of the Application of William Burk Rosenthal for Review of Action Taken by FINRA (SEC Order Denying Motion to Dismiss and Consolidating Appeal)

SEC Charges Five Individuals with Running a Pump-and-Dump Scheme (SEC Release)

One Convicted And Two Sentenced As Part Of U.S. Attorney's Elder Justice Initiative (DOJ Release)

Semiconductor Engineer Arrested on Charges that He Netted Large Profits in Illegal Insider Trades of His Employer's Stock (DOJ Release)