Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

December 7, 2019

Russian National Charged with Decade-Long Series of Hacking and Bank Fraud Offenses Resulting in Tens of Millions in Losses and Second Russian National Charged with Involvement in Deployment of "Bugat" Malware / Reward of up to $5 Million Offered for Information Leading to Arrest or Conviction (DOJ Release)

Your Bank Account Could Be Fueling Crime / Money Muling Is Illegal and Helps Criminals (DOJ Release)

Breaking up is hard to do: Schwab and TD Ameritrade both on hook for $1 billion should either firm get cold feet, shareholders revolt, or antitrust regulators quash deal (

Former COO and CFO of Publicly Traded Transportation Company Charged with Securities Fraud, Bank Fraud and Lying to Auditors (DOJ Release)

SEC Charges Trucking Executives With Accounting Fraud (SEC Release)

SEC Charges Iconix Brand Group and Former Top Executives With Accounting Fraud (SEC Release)

Former Chief Executive Officer Of Publicly Traded Brand Management Company Charged With Accounting Fraud And Obstruction Of Justice / Former Chief Operating Officer Has Pled Guilty and Is Cooperating in the Government's Investigation (DOJ Release)

Financial Advisor Pleads Guilty to Fraud Charges (DOJ Release)

SEC ALJ Sanctions CPAs Violations of Auditor Independence Involving Broker-Dealer. In the Matter of Joseph S. Amundsen, CPA; Michael T. Remus, CPA; and Michael Remus, CPA (SEC ALJ Initial Decision)

SEC Charges Connecticut Man with Defrauding Retail Investors (SEC Release)

Torrington Financial Advisor and Securities Broker Admits Misappropriating Client Funds (DOJ Release)

FINRA Imposes Fines, Suspension, and Undertakings on Firm and Principal Over Excessive Trading. In the Matter of Chelsea Financial Services, and Christopher Vetrano, Respondents (FINRA AWC)

FINRA Arbitrator Saves Innocent Stockbroker Caught In the Middle By Settled Customer Complaint ( Blog)

SEC Halts Penny Stock Scheme Targeting Seniors (SEC Release)

Former UBS Associated Persons Sought Over $6 Million in Sexual Discrimination Damages. In the Matter of the Arbitration Between Debrah Oelke and Pamela Grether, Claimants, v. UBS Financial Services Inc., Louis J. Lukic, and Michael J. Kelly, Respondents (FINRA Arbitration Decision)

FINRA Fines and Suspends Rep Over $1,200 in Reimbursed Car Services for 66 Trips. In the Matter of Seth Warshaw, Respondent (FINRA AWC)

FINRA Fines and Suspends Admin Asst for Copying Customer Signatures and Improper Notarizations. In the Matter of Rochelle Shoulders, Respondent (FINRA AWC 2017056393301)

In the Matter of the Application of Thaddeus J. North for Review of Disciplinary Action Taken by FINRA (SEC Opinion)