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

August 10, 2019

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4735/securities-industry-commentator/

District Court Denied Morgan Stanley Injunction In Non Solicitation Case

(BrokeAndBroker.com Blog)

Modernization of Regulation S-K Items 101, 103, and 105 (SEC Proposed Rule)

FINRA Imposes Temporary C&D. FINRA Department of Enforcement, Complainant, v. Alpine Securities Corporation, Respondent (FINRA OHO Order)

Brooklyn Man Pleads Guilty to Investment Scheme that Defrauded Elderly Victims / Defendant Solicited Money for Purported Investments in Pre-Initial Public Stock Offerings and Used the Funds for Personal Expenses (DOJ Release)

Former CEO of Israeli Company Found Guilty of Orchestrating $145 Million Binary Options Fraud Scheme (DOJ Release)

CEO Of Miami Investment Management Companies Pleads Guilty To Defrauding Investors Of Over $7.5 Million / Fabio Bretas de Freitas lied to regulators in an effort to cover up his use of client funds for personal expenses (DOJ Release)

SEC Charges Commercial Pilot with Real Estate Investment Fraud (SEC Release)

SEC Obtains Temporary Restraining Order and Asset Freeze in Startup Company Investment Scheme (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4734/securities-industry-commentator/

A Taxing Case. In the Matter of the Arbitration Between Eugene E. Brucker and the Eugene E. Brucker Revocable Trust DTD 05/20/09, Claimants, v. Wells Fargo Advisors, LLC and David W. Mesker, Jr,, Respondents (FINRA Arbitration Decision)

It's a Family Affair for Ameriprise in FINRA Expungement. In the Matter of the Arbitration Between Timothy Robert Jirak, Claimant, v. Ameriprise Financial Services, Inc., Respondent (FINRA Arbitration Decision)

Barclays' Bank Shot Caroms Into Federal Court Reprimand (BrokeAndBroker.com Blog)

Former Maryland Insurance Agent and Financial Planner Sentenced to Almost Five Years in Federal Prison for $2.8 Million Fraud Scheme / Defendant's Employer Settled with the Victims Who Suffered Financial Losses as a Result of the Scheme (DOJ Release)

Massachusetts Woman Sentenced To 41 Months For Orchestrating Fraudulent Investment Scheme (DOJ Release)

SEC Obtains Final Judgment Against Former Accounting Firm Partner (SEC Release)

Regulation Best Interest / SEC Adopts Best Interest Standard of Conduct FINRA Regulatory Notice 19-26)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4733/securities-industry-commentator/

Customer Chat with Schwab Chat Representative Prompts FINRA Arbitration

(BrokeAndBroker.com Blog)

SEC ALJ Tackles Adverse Inference Arising From Invocation of Fifth Amendment. In the Matter of Traci J. Anderson, CPA, Timothy W. Carnahan, and CYIOS Corporation (SEC Order Drawing Adverse Inferences and Admitting Exhibits)

Microcap Attorney Settles Charges Related to Shell Factory Scheme (SEC Release)

SEC Announces Fraud Charges in Startup Company Investment Scheme (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/4732/securities-industry-commentator/

Ex-Wells Fargo Manager Pleads Guilty to Bank Fraud for Role in Scheme that Laundered $14 Million in Tax Fraud Proceeds (DOJ Release)

FINRA Arbitrators Get Wright Wrong In BB&T Defamation Expungement (BrokeAndBroker.com Blog)

SEC Charges Two Former Executives for Fraudulent Corporate Expense Abuses (SEC Release)

FINRA Arbitrators Hit Schwab with about $350,000 in Damages and Costs In Competition Dispute. In the Matter of the Arbitration Between Laguna Financial Group, Inc. and Joseph John Ziomek, Claimants, v. Charles Schwab & Co., Inc. and Purshe Kaplan Sterling Investments, Respondents (FINRA Arbitration)

Stockbroker Barred for Fictitious VA Applications Towards Quota. In the Matter of Karen Paek, Respondent (FINRA AWC)

Stockbroker Fined and Suspended Over Reused Customer Signatures. In the Matter of Mengzuan Zhang, Respondent (FINRA AWC)

Lubbock Adviser Fined $40,000 for Failure to Supervise Accounts (TSSB Release)

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