Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

April 25, 2020

Sen. McConnell says he favors state bankruptcy over more federal aid / Municipal bond market professionals don't like the idea (Fox Business News)

Kudlow voices support for shielding companies from coronavirus-related lawsuits (CNBC by Tucker Higgins)

[In]Securities Guest Blog: Life's for the Living by Aegis Frumento Esq ( Blog)

SEC Proposes to Modernize Framework for Fund Valuation Practices (SEC Release)

Department of Justice Announces Disruption of Hundreds of Online COVID-19 Related Scams / Hundreds of Domains Disrupted Through Public and Private Sector Cooperative Efforts (DOJ Release)

Settles Securities Fraud Charges Against Former Investment Adviser (SEC Release)

SEC Charges Medical Entrepreneur and Sales Ring in $15 Million Offering Fraud (SEC Release)

She got a forgivable loan. Her employees hate her for it. (CNBC by Greg Iacurci)

Man dies from coronavirus after calling it a 'political ploy' (New York Post)

Major Exporters Pledge to Avoid Disrupting Global Food Supplies (Bloomberg by Bryce Baschuk)

Chipotle Mexican Grill Agrees to Pay $25 Million Fine and Enter a Deferred Prosecution Agreement to Resolve Charges Related to Foodborne Illness Outbreaks / California-Based Company Agrees to Pay Largest-Ever Fine in a Food-Safety Case and Implement a Comprehensive Food Safety Compliance Program (DOJ Release)

March home sales drop 8.5% as sellers take properties off the market - and the coming months look worse (CNBC by Diana Olick)

Commodity Futures Trading Commission Chair Heath Tarbert On Oil Futures' Plummet (CNBC Video)

Emerging Market Investments Entail Significant Disclosure, Financial Reporting and Other Risks; Remedies are Limited (SEC Release)

Guest Blog: Riddle of the FINRA Sphinx by Stephen Kohn ( Blog)

SEC Charges Central Florida Resident for Fraud Targeting Retail Investors (SEC Release)

In the Matter [of] Claims for Award by [Redacted] ("Claimant 1") and [Redacted] ("Claimant 2") In Connection With Notice of Covered Action No. [Redacted] (CFTC Whistleblower Award)

Wells Fargo, JPMorgan Among Banks Sued Over SBA Virus Loan Aid (Bloomberg by David McLaughlin and Mark Niquette)

Manhattan U.S. Attorney Announces Additional Distribution Of More Than $378 Million To Victims Of Madoff Ponzi Scheme / Payments Are the Fifth Distribution in a Series of Payments That Together Will Constitute the Largest Payment of Forfeited Funds in the History of the Department of Justice's Victim Compensation Program (DOJ Release)

FINRA: Motion of Bloomberg L.P. for Leave to Adduce Additional Evidence (SEC Release)

FINRA Bars Rep's For Conversion of Customer's Funds and Misrepresentation 
In the Matter of Albert Harkless, III, Respondent (FINRA AWC)

FINRA Imposes Fine and Suspension for Rep's Inflation of Corporate Bond Positions
In the Matter of Robert Francis Costello, Respondent (FINRA AWC)

SEC Announces Two Whistleblower Awards But One Is A Redacted Puzzle ( Blog)

Sixth Amendment right to a jury trial via Fourteenth Amendment application to States requires a unanimous verdict to convict a defendant of a serious offense
Evangelisto Ramos, Petitioner, v. Louisiana (Opinion, United States Supreme Court)