Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

November 19, 2022

FINRA Fines and Suspends Former SagePoint Rep Who Didn't Actually Know Anything ( Blog)

Brokerage Firm Sues Former Stockbroker for Indemnity After Paying Customer Settlement ( Blog)

SEC Chair Gensler Speaks About Shakespeare and Hammurabi While FTX Dissolves ( Blog)

To Err Is Human. To Forgive Is A FINRA Fine. ( Blog)


Virginia Man Convicted For Investment Scheme (DOJ Release)

Tax Attorneys and Insurance Agent Indicted for Promoting and Selling Fraudulent Tax Shelter / Also Charged with Providing False Information to an Insurance Company (DOJ Release)

Dallas Attorney and Members of Accounting Firm Charged with Promoting Illegal Tax Shelter / Scheme Allegedly Resulted in $1 Billion in Fraudulent Tax Deductions (DOJ Release)

Watertown Man Arrested in Connection with African Sports Investment Fraud Scheme (DOJ Release)


SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings(SEC Release)

SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Primarily Penny Stock Trades (SEC Release)

SEC Obtains Final Judgments Against Two Family Office Executives Charged with Insider Trading (SEC Release)

SEC Charges Massachusetts Resident with Conducting $2 Million Fraudulent Investment Offering (SEC Release)

SEC Denies Second Whistleblower Award to Claimant
Order Determining Whistleblower Award Claims

SEC Announces Enforcement Results for FY22 / Commission filed 760 enforcement actions and recovered record $6.4 billion in penalties and disgorgement on behalf of investing public (SEC Release)

SEC Charges S&P Global Ratings with Conflict of Interest Violations (SEC Release)

"The Beatles and the Treasury Market:" Remarks Before the U.S. Treasury Market Conference SEC Chair Gary Gensler

Remarks at the 2022 Cato Summit on Financial Regulation by SEC Commissioner Mark T. Uyeda

There's a Fund for That: Remarks before FINRA's Certified Regulatory and Compliance Professional Dinner by SEC Commissioner Hester M. Peirce

Digital Assets: Putting Investors First by SEC Commissioner Jaime Lizárraga (Brooklyn Law School Keynote Address)


CFTC Charges Former Energy Broker with Paying Brokerage Kickbacks and Misappropriating Nonpublic Information (CFTC Release)

LedgerX Withdraws Clearing Application (CFTC Release)


FINRA Censures and Fines Citigroup Global Markets for Over A Decade of Inaccurate NMS Reports
In the Matter of Citigroup Global Markets Inc., Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for Forging Customer Signatures
In the Matter of Lee Ray Diedrich, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep for OBA
In the Matter of Joan Ella Burgio, Respondent (FINRA AWC)

FINRA Censures and Fines Firm for Private Placement Compliance
In the Matter of Boustead Securities, LLC, Respondents (FINRA AWC)

FINRA Arbitration Panel Finds That Lincoln Financial Advisors Failed to Supervise
In the Matter of the Arbitration Between Brigadier General William Blake Crowe and Lynne Crowe, Claimants, v. Lincoln Financial Advisors Corporation and Thomas James Prieur, Respondents (FINRA Arbitration Award)

Cybersecurity Alert - Ongoing Phishing Campaign (FINRA Alert)

Crypto Asset Communications (FINRA Release / November 2022)

Enhancing Your Compliance Practice with the FINRA Institute at Georgetown CRCP Program (FINRA Unscripted)