Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

August 1, 2020

Robin Hood Is Pillaging the Sheriffs of BlackRock / Retail investors surprisingly bested institutions during the Covid crisis. They could yet be left holding the baby. (Bloomberg by John Authers)

King dollar's decline ripples across the globe (Bloomberg by Saqib Iqbal Ahmed and Ira Iosebashvili)

Securities Trader Admits Market Manipulation Scheme that Netted More Than $17 Million in Illicit Profits (DOJ Release)

SEC Charges Valic Financial Advisors with Failing to Disclose Payments to Promote Services to Florida Educators / SEC also Charges Valic Financial Advisors in Separate Action for Mutual Fund Selection Violations (SEC Release)

British Citizen Sentenced To Four Years In Prison For His Role In Fraudulent Investment Scheme Related To Co-Working Business (SEC Release)

SEC Denies Request for Open-Ended Stay
In the Matter of Mark Feathers (SEC Order)

SEC Grants Extension on Answer To Allow Retention of Counsel
In the Matter of Barton W. Stuck (SEC Order)

Former Real Estate Attorney and Wife Indicted on Mortgage Fraud and Tax Charges (DOJ Release)

FINRA Fines Firm Over AML/SARs Supervisory Deficiencies
In the Matter of HIlltop Securities, Inc., Respondent (FINRA AWC)

FINRA Sanctions Concorde Investments Services and CCO Levy Over Supervisory Lapses ( Blog)

SEC Remands Feitelberg Bar to FINRA Citing Respondent's Serious Illness ( Blog)

Advisor's "LOL" Text Messages to Client Spell Trouble ( by Asia Martin)

Florida Man who Used COVID-Relief Funds to Purchase Lamborghini Sports Car Charged in Miami Federal Court (DOJ Release)

Ed Yardeni says investors might be 'delusional' and the market is primed for a pullback (CNBC by Jesse Pound)

Venture Investors Double Their Bets on Faux Meat Startups / Early stage investors back over 20 alternative protein startups with hopes of finding the next Beyond Meat.(Bloomberg by Emily Chasan)

Commissioner enters order against Georgetown promoter of fraudulent medical investment (TSSB Order)

FINRA Fines Firm Over AML Supervisory Deficiencies
In the Matter of J K R & Company, Inc, Respondent (FINRA AWC)

FINRA AWC Alleges that Firm Willfully Violated Contingency Offering Rules
In the Matter of The Enterprise Securities Company, Respondent (FINRA AWC)

Hedge fund Bridgewater Associates sued by former co-CEO Murray (Reuters by Bhargav Acharya and Kanishka Singh)

Former CEO and Founder of Technology Company Charged in Investment Fraud Scheme (DOJ Release)

SEC Charges Trustify Inc. and Founder in $18.5 Million Offering Fraud (SEC Release)

Quebec trio charged with running fraudulent cryptocurrency / Investors defrauded of $8M worth of phony cryptocurrencyy (DOJ Release)

SEC Obtains Final Judgment Against Massachusetts Defendant in Insider Trading Case (SEC Release)

SDNY Confirms FINRA Arbitration Award Against Defaulting Associated Person
Clifford L. Gelman, M.D., Petitioner, v. Thomas Joseph Borruso, Respondent (Memorandum Opinion & Order, SDNY, 19-CV-10649  / July 23, 2020)

Only One Litigant Shows Up For the FINRA Schoolyard Fight ( Blog)