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

July 13, 2019

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4683/securities-industry-commentator/

Former Hollywood Digital Marketing Executive and Professional Poker Player Charged with Embezzling $22 Million from His Employer (DOJ Release)

FINRA Issues An Extraordinary and Cynical Release (BrokeAndBroker.com Blog)

Hedge Fund Founder, CEO, And CIO Anilesh Ahuja And Former Trader Jeremy Shor Convicted Of Securities Fraud Related Offenses In Manhattan Federal Court (DOJ Release)

TSSB Cites Lack of Plain English Form ADV Disclosure. In the Matter of Woodland Resources, LLC; Woodland Operating, LLC a/k/a WY Woodland Operating, LLC; Michael E. Patman; Jeremy Bryan Yowell a/k/a JB Yowell; and Brett Kroh (TSSB Order)

FINRA Fines BNP Paribas Securities for Trade Reporting and Supervision. In the Matter of BNP Paribas Securities Corp., Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4682/securities-industry-commentator/

GUEST BLOG: Hester's Scarlet Begonias by Aegis Frumento Esq (BrokeAndBroker.com Blog)

TSSB Cites Lack of Plain English Form ADV Disclosure. In the Matter of the Investment Adviser Registration of Grove Capital Management, Inc. (TSSB Order)

Owner And Principal Of Investment Firm Indicted For Insider Trading (DOJ Release)

11 Self Regulators Fine Clearpool Over Supervision Failures Involving Layering and Spoofing Firm for Inadequate Testing and Verification. In the Matter of Clearpool Execution Services, LLC., Respondent (FINRA AWC)

FINRA Fines Firm for Inadequate Testing and Verification. In the Matter of Traderfield Securities Inc., Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4681/securities-industry-commentator/

Customer's Wife Rescues Former Edward Jones Broker In Expungement Case

(BrokeAndBroker.com Blog)

Former IT Administrator Sentenced to More than 2 Years in Prison for Hacking into His Ex-Employer's Computers, Deleting Their Files (DOJ Release)

Rhode Island Man Charged In Connection With Business Email Compromise Fraud Targeting Massachusetts Lawyer (DOJ Release)

Platinum Partners' Founder and CIO Mark Nordlicht and Co-CIO David Levy Convicted of Defrauding Bondholders in a Multi-Million Dollar Scheme / Defendants Orchestrated a Rigged Vote Relating to $150 Million in Bonds (DOJ Release)

FINRA Arbitrator Recommends Expungement and Finds Lawyer's Letter Not Equivalent to Client's Testimony. In the Matter of the Arbitration Between Wilson Blanton Garnett, Jr., Claimant, v. LPL Financial LLC, Respondent (FINRA Arbitration Decision)

FINRA Fines and Suspends Wells Fargo Rep for Borrowing from 94-year-old Customer. In the Matter of Linda Sue Zara, Respondent (FINRA AWC)

Financial Capability Study, Part I: Does a Rising Tide Lift All Boats? (FINRA Unscripted)

CFTC and SEC Invite Public Comment on a Joint Proposal to Align Margin Requirements for Security Futures With Requirements for Similar Financial Products (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4680/securities-industry-commentator/

Fraudster Sentenced to 18 Months in Federal Prison for Scheme in Which She Defrauded Five Victims of More Than $1.2 Million / Some Elderly Victims Lost Their Retirement Savings (DOJ Release)

Former LPL Stockbroker Suspended and Fined For Borrowing From Customer
(BrokeAndBroker.com Blog)

California Man Sentenced to 18 Months in Prison for Role in Three-Year, Cross-Country Insider Trading Scheme that Netted More Than $3.9 Million (DOJ Release)

Goldman Sachs Compels Arbitration of Anti-Retaliation Claims. Christopher Rollins, Plaintiff, v. Goldman Sachs & Co., LLC, Goldman Sachs Group, Inc., Goldman Sachs International, Goldman Sachs Services Limited, and James P. Esposito, Defendants (SDNY Opinion and Order)

FINRA Bars Former Raymond James & Associates, Inc. Compliance Associate for Falsifying Branch Audit Data. FINRA Department of Enforcement, Complainant, v. Vincent Joseph Storms, Respondent (FINRA OHO Default Decision)

Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities (Division of Trading and Markets, U.S. Securities and Exchange Commission and the Office of General Counsel, Financial Industry Regulatory Authority)

SEC Obtains Judgment Against Broker (SEC Release)

Regulation Best Interest and the Investment Adviser Fiduciary Duty: Two Strong Standards that Protect and Provide Choice for Main Street Investors (Speech by SEC Chair Jay Clayton)

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