Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

June 6, 2020

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5252/securities-industry-commentator/

FINRA Orders Merrill Lynch, Pierce, Fenner & Smith Inc. to Pay $7.2 Million in Restitution to Customers Overcharged for Mutual Funds (FINRA Release)

FINRA Imposes Fine and Suspension for Rep's Facilitation of Customer's Son-In-Law's Account Withdrawals.

In the Matter of Robert Silverman, Respondent (FINRA AWC)

SEC Awards Record Payout of Nearly $50 Million to Whistleblower / Whistleblower Program Reaches $500 Million in Total Awards (SEC Release)

Investment Advisor Sues Insurance Company Over Fidelity Bond.

Concorde Investment Services, LLC, Plaintiff, v. Everest Reinsurance Company, Defendant (EDMich Opinion and Order Denying)

SEC Obtains Judgment of More Than $30 Million Against Investment Adviser and Principal (SEC Release)

Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks / Perks Were Four Times Higher Than Disclosed (SEC Release)

Stockbroker Expungement Grapples With Death and Taxes in Time of Plague (BrokeAndBroker.com Blog)

The Expat Life Is Struggling to Survive Covid-19 / Health fears and travel restrictions cause more globe-hopping workers to head home. (Bloomberg by Katrina Nicholas and Emily Cadman)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5251/securities-industry-commentator/

Here's how far hackers are willing to go to steal your stimulus check (CNBC by Darla Mercado)

AMC has �substantial doubt' that it can survive coronavirus outbreak shutdown (CNBC by Sarah Whitten)

A Decade's Worth of Progress for Working Women Evaporated Overnight (Bloomberg Businessweek by Shelly Banjo)

Senior Executives at Major Chicken Producers Indicted on Antitrust Charges / First Charges Filed in Ongoing Investigation into Fixing Prices of Broiler Chickens (DOJ Release)

FINRA Arbitrator Renders Award Against Oppenheimer in Excessive Commissions Dispute. In the Matter of the Arbitration Between Monica C. Chioffi, Claimant, v. Oppenheimer & Co., Inc. and Steven A. Gordon, Respondents (FINRA Arbitration Decision)

Swiss Attorney Sentenced for Participating in Global Pump-and-Dump Scheme (DOJ Release)

[In]Securities Guest Blog: As Hollow as it Seems by Aegis Frumento Esq (BrokeAndBroker.com Blog)

SEC Charges South Florida Investment Adviser and Its President with Books and Records and Registration Failures (SEC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5250/securities-industry-commentator/

Philadelphia Woman Indicted in $68 Million Securities Fraud Scheme (DOJ Release)

FINRA Suspends Stockbroker Over Suitability Involving Disabled, Unemployed Customer. In the Matter of Hector Ramos, Respondent (FINRA AWC)

FINRA Fines and Suspends Stockbroker Over Emails. In the Matter of Donald G. Padilla, Respondent (FINRA AWC)

Wells Fargo Sues Over Transitional and Production Bonuses And Rep Fights Back (BrokeAndBroker.com Blog)

Florida Man Pleads Guilty, Sentenced to Federal Supervision for Falsely Claiming to Represent The Village People Band (DOJ Release)

CFTC Obtains $700,000 Judgment Against New York Man in Fraud and Misappropriation Scheme (CFTC Release)

CFTC Charges Kentucky Man in Multi-Million Dollar Fraud Scheme (CFTC Release)

Former Memphis Attorney Pleads Guilty to Scheme to Defraud Clients (DOJ Release)

Petition to Nominate Stephen A. Kohn for 2020 Small Firm Seat on FINRA Board of Governors

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5242/securities-industry-commentator/

Federal Courts Grapple With Former TIAA Advisor's Racism and Retaliation Charges (BrokeAndBroker.com Blog)

Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC (Opinion, Unites States Supreme Court)

Robert D. Gordon, Receiver of Legisi Marketing, Inc., Gregory N. McKnight, and Legisis Holdings, LLC, Plaintiff, v. Royal Palm Real Estate Investment Fund I, LLLP, et al., Defendants (Order Denying in Part and Granting in Part Defendants' Motion for Summary Judgment - and - Denying Plaintiff's Partial Summary Judgment, United States District Court for the Eastern District of Michigan)

FINRA Censures and Fines Mizuho Securities USA for Overstated Trading Volume and Supervision. In the Matter of Mizuho Securities USA, LLC, Respondent (FINRA AWC)

FINRA Censures, Bars, Suspends, and Fines Former Bayes Capital CEO/CCO. In the Matter of John Grifonetti, Respondent (FINRA AWC)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5241/securities-industry-commentator/

Love At First Quarantine: After A Single Date, Couple Hunkers Down Together (NPR / "All Things Considered")

Morgan Stanley is planning to bring traders back to New York headquarters next month, sources say (CNBC by Hugh Son)

Troubling Disconnect and Lack of Appropriate Explanation Found in Scapegoat Defamatory Form U5 FINRA Arbitration (BrokeAndBroker.com Blog)

FINRA OHO Fines and Suspends Rep Over Disclosures of Tax Liens and Warrants. FINRA of Enforcement, Complainant, v. Michael Patrick Murphy, Respondent (FINRA OHO Hearing Panel Decision)

In the Matter of the Claim for an Award in connection with [REDACTED] (SEC Order Determining Whistleblower Award Claim)

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