Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

August 22, 2020











FINRA Arbitrators Find Customer Complaint Made Virtually No Sense During Virtual Hearing (BrokeAndBroker.com Blog)

Citigroup Finds $900 Million Mistakes Are Hard to Undo / The U.S. bank says cash it paid out in error should be returned. But the mishap suggests a problem with its controls that supervisors should take seriously (Bloomberg by Chris Hughes)

Operators Of Global Cryptocurrency Ponzi Scheme And Attorney Charged With Fraud And Money Laundering / Defendants Defrauded Victims of Tens of Millions of Dollars (DOJ Release)

"Lottery Lawyer" and Three Co-Conspirators Indicted in $107 Million Scheme to Defraud Lottery-Winning Clients / Two Defendants Also Charged with Threatening to Kill Recipient of Usurious Loan (DOJ Release)

SEC Charges Promoters of Multi-Level Digital Asset Marketing Scheme (SEC Release)

Public Customers Win Escheatment Case Against E*Trade
In the Matter of the Arbitration Between Joshua Travis Anue Trust and Tenaya Laurel Anue Trust, Claimants, v. E*Trade Securities LLC, Respondent (FINRA Arbitration Award)