The Wall Street Legal & Regulatory Feed

Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

May 23, 2020















Two Mint Hill Residents Plead Guilty To Federal Charges For Stealing More Than $400,000 From An Elderly, Dementia-Afflicted Victim / Charges Are Pending Against Third Individual (DOJ Release)

How Private Equity Is Ruining American Health Care / Investors have been buying up doctor's offices, cutting costs, and, critics say, putting pressure on physicians in ways that hurt patients. The pandemic could make things even worse. (Bloomberg Businessweek by Heather Perlberg)

American Well pulls in $194 million to keep up with the skyrocketing demand for telemedicine (CNBC by Christina Farr)

A $150 Billion Pile of Frozen Loans Starts to Worry U.S. Banks (Bloomberg by Jennifer Surane and Hannah Levitt)

The SEC Halted a Stock Over Virus Claims. Then the Company Got a PPP Loan (Bloomberg by Matt Robinson and Greg Farrell)

[In]Securities Guest Blog: Dear Prudence by Aegis Frumento Esq (BrokeAndBroker.com Blog)

Weekly mortgage applications point to a remarkable recovery in homebuying (CNBC by Diana Olick)

Sheltering Americans Give Record Chill to Tourism This Summer (Bloomberg by Steve Matthews)

Investor Ricky Sandler pushes for herd immunity approach to coronavirus after his hedge fund loses billions (CNBC by Brian Schwartz)

Traders Beware: U.S. taps new tools to find fraud in volatile commodities market (Reuters by Chris Prentice)

CFTC Division of Enforcement Issues Civil Monetary Penalty Guidance (CFTC Release)

Stockbroker Fined and Suspended Over Video Gaming Franchise.
In the Matter of Christopher M. Roumayeh, Respondent (FINRA AWC)


SunTrust Censured and Fined For ETF Supervisory Failures
In the Matter of SunTrust Investment Services, Inc, Respondent (FINRA AWC)

Credit Suisse Stockbroker Wins Expungement of Suspicious Customer Complaint (BrokeAndBroker.com Blog)

Florida's scientist was fired for refusing to 'manipulate' COVID-19 data (Florida Today by Alessandro Marazzi Sassoon)

Leesburg Woman Sentenced To 48 Months In Prison For Aggravated Identity Theft And Wire Fraud (DOJ Release)

Volatility Traders Abandon VIX Bets as Stock Conviction Vanishes (Bloomberg by Yakob Peterseil)

Extreme Behavior Is on Display Everywhere in the Stock Market (Bloomberg by Sarah Ponczek)

Walmart says it will discontinue Jet, which it acquired for $3B in 2016 (Techcrunch by Ingrid Lunden)

Coronavirus hammers U.S. homebuilding; permits tumble (Reuters by Lucia Mutikani)

To Reopen, Restaurants Are Doubling Down on Becoming Grocery Stores / In New York, Chicago, and California, the restaurant-as-market model looks to keep going, even after the coronavirus pandemic subsides. (Bloomberg by Kate Krader)


FINRA Says Impeccable Merrill Lynch Has No Relevant Disciplinary History
(BrokeAndBroker.com Blog)

SEC Charges Three Former KPMG Audit Partners for Exam Sharing Misconduct (SEC Release)

SEC Charges Three Individuals for Offering and Selling Fraudulent Oil and Gas Investments

CFTC Charges Danish Man in $1.5 Million Forex Fraud Scheme (CFTC Release)

Landry's CEO Tilman Fertitta asks Trump to set aside PPP money for large restaurant chains / Fertitta asked for "a category for the larger private restauranteur" that would put funding "in a different bucket" to avoid taking PPP money from small businesses (Fox Business by Lucas Manfredi)

Eleven Hedge Fund Traders Scored Big During Worst of the Crisis / Almost all investors were hit hard by the pandemic-driven market collapse. Here are some striking exceptions. (Bloomberg)

Nasdaq to tighten listing rules, restricting Chinese IPOs / Nasdaq's new curbs on Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies (Fox Business by Echo Want)

Fidelity International applies to set up China mutual fund unit (Reuters)

Orange-Juice Prices Soar With Americans Seeking Immunity Boost (Bloomberg by Marvin G Perez)

Demand for Belgian Trappist Ale Soars After Coronavirus Lockdown (Bloomberg by Richard Bravo)

Nassau County, NY County Executive's COVID Guidance We Can All Live By: "You can kick someone else's balls, you just can't touch them"


SEC Orders Credit Rating Agency to Pay $3.5 Million for Conflicts of Interest Violations (SEC Release)

Commissioner Peirce Sounds the Alarm About Feeding the SEC's CAT
(BrokeAndBroker.com Blog)

Head Of Investment Management Firm Pleads Guilty In Connection With $18 Million Pre-IPO Securities Fraud Scheme / Fred Elm, Who Fled to Canada in 2017 Prior to His Original Plea Date, Was Extradited Back to the U.S. Earlier This Year (DOJ Release)

Stockbroker Fined and Suspended for Emailing Confidential/Proprietary Information
In the Matter of Brandon Rolle, Respondent (FINRA AWC)

Stockbroker Fined and Suspended for Private Securities Transaction
In the Matter of Jason N. Dukas, Respondent (FINRA AWC)

Order Seeks to Lower Curtain on Nick Steele & TheCryptoFacts (TSSB Release)

Dallas Adviser Lorintine Fined $10,000 for Charging Performance-Based Fees (TSSB Release)

With TV ad commitments plummeting, the advertising business may never look the same (CNBC by Julia Boorstin)

Permalink

Search RRBDLaw

Related Topics

Previous Entries

No Headlines Found

Tag Cloud

Securities Industry Commentator Bill Singer BrokeAndBroker RRBDLaw Securities Industry Commentator by Bill Singer Esq Bill Singer Esq securities industry commentator Bill Singer RRBDLAW