Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW - BrokeAndBroker.com

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Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

August 14, 2021

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5999/securities-industry-commentator/

Financial Adviser Sentenced to Three and a Half Years in Prison for Swindling Millions From Clients (DOJ Release)

New York Investment Adviser Charged With Defrauding Clients And Misappropriating Their Money / Martin Ruiz Targeted Elderly Clients in New Mexico in Long-Running Scheme (DOJ Release)

SEC Obtains Court Order to Stop Investment Adviser's Alleged Ongoing Offering Fraud (SEC Release)

FINRA Bars Rep for Falsification, Impersonation, and Forgery

In the Matter of Alexis Cooke, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Undisclosed Outside Brokerage Account With Customer

In the Matter of Nancy A. Munro Gaumer, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Using Discretion Without Customers' Prior Written Authorization

In the Matter of Jason L. Seale III, Respondent (FINRA AWC)

To Err Is Human. To Fine And Suspend Is FINRA (BrokeAndBroker.com Blog)

Morgan Stanley Raises Serious Questions in Failed TRO Against Former Employee (BrokeAndBroker.com Blog)

FINRA AWC Did Not Require Acceptance of Findings But Why Does Regulator Publish Denials? (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5998/securities-industry-commentator/

To Err Is Human. To Fine And Suspend Is FINRA (BrokeAndBroker.com Blog)

Fintech CEO Sentenced To 6 Years In Prison For Multiple Fraud Schemes, Including $7 Million Covid-19 Pandemic Loan Fraud And Securities Fraud (DOJ Release)

Morgan Stanley Raises Serious Questions in Failed TRO Against Former Employee (BrokeAndBroker.com Blog)

FINRA AWC Did Not Require Acceptance of Findings But Why Does Regulator Publish Denials? (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5997/securities-industry-commentator/

Morgan Stanley Raises Serious Questions in Failed TRO Against Former Employee (BrokeAndBroker.com Blog)

Four Individuals Charged with Long-Running Global Pump-and-Dump Scheme / Defendants allegedly generated at least tens of millions in illicit proceeds (DOJ Release)

SEC Charges International Microcap Fraud Scheme Participants (SEC Release)

SEC Charges Four in International Microcap Fraud Schemes (SEC Release)

Georgia Man Pleads Guilty in New York Federal Court on Charges Related to Ponzi and COVID-19 Fraud Schemes (DOJ Release)

SEC Charges Former CEO of Milwaukee-Area Company with Fraud (SEC Release)

SEC Awards About $3.5 Million to Whistleblower

Order Determining Whistleblower Award Claim

SEC Awards About $2.4 Million to Whistleblower

Order Determining Whistleblower Award Claim

SEC Awards Over $17,000 to Whistleblower

Order Determining Whistleblower Award Claim

Federal Court Orders Texas and Florida Men to Pay Nearly $1.75 Million in Digital Assets Scheme (CFTC Release)

FINRA Targeted Examination Letter on Option Account Opening, Supervision and Related Areas (FINRA August 2021 Guidance)

FINRA AWC Did Not Require Acceptance of Findings But Why Does Regulator Publish Denials? (BrokeAndBroker.com Blog)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5996/securities-industry-commentator/

FINRA AWC Did Not Require Acceptance of Findings But Why Does Regulator Publish Denials? (BrokeAndBroker.com Blog)

Four Individuals Charged with Long-Running Global Pump-and-Dump Scheme / Defendants allegedly generated at least tens of millions in illicit proceeds (DOJ Release)

SEC Charges International Microcap Fraud Scheme Participants (SEC Release)

SEC Charges Four in International Microcap Fraud Schemes (SEC Release)

Georgia Man Pleads Guilty in New York Federal Court on Charges Related to Ponzi and COVID-19 Fraud Schemes (DOJ Release)

SEC Charges Poloniex for Operating Unregistered Digital Asset Exchange (SEC Release)

In the Matter of Poloniex, LLC (Statement by SEC Commissioner Hester M. Peirce)

SEC Charges Westchester Investment Adviser with Defrauding Members of His Religion (SEC Release)

SEC Charges Former Domino's Pizza Accountant with Insider Trading (SEC Release)

SEC Awards About $3.5 Million to Whistleblower

Order Determining Whistleblower Award Claim

SEC Awards About $2.4 Million to Whistleblower

Order Determining Whistleblower Award Claim

SEC Awards Over $17,000 to Whistleblower

Order Determining Whistleblower Award Claim

Federal Court Orders Texas and Florida Men to Pay Nearly $1.75 Million in Digital Assets Scheme (CFTC Release)

Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5995/securities-industry-commentator/

FINRA AWC Did Not Require Acceptance of Findings But Why Does Regulator Publish Denials? (BrokeAndBroker.com Blog)

Four Individuals Charged with Long-Running Global Pump-and-Dump Scheme / Defendants allegedly generated at least tens of millions in illicit proceeds (DOJ Release)

SEC Charges International Microcap Fraud Scheme Participants (SEC Release)

SEC Charges Poloniex for Operating Unregistered Digital Asset Exchange (SEC Release)

SEC Charges Former Domino's Pizza Accountant with Insider Trading (SEC Release)

Regulation of Inter-dealer Quotation Systems / FINRA Adopts Rule 6439 Governing the Operation of Inter-dealer Quotation Systems and Announces Closure of the OTC Bulletin Board / Effective Date of Rule 6439 (except paragraph (d)(1)(B)): October 1, 2021 (FINRA Regulatory Notice 21-21)

Public Customer Alleges Schwab Violated IV Amendment Per IRS Summons Production

In the Matter of the Arbitration Between Constantine Gus Cristo, Claimant, v. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Corporation, Charles Schwab Investment Management Inc, and Schwab Holdings, Inc., Respondents (FINRA Arbitration Award 19-02822)

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