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

January 21, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed
curated by veteran Wall Street lawyer Bill Singer
https://www.rrbdlaw.com/6847/securities-industry-commentator/

Calling All Unreasonable Wall Street Professionals (BrokeAndBroker.com Blog)

Surprise Man Convicted of Numerous Crimes, Including False Claims to the IRS (DOJ Release)

Three Additional Individuals Sentenced for Participating in $10 Million Multi-State Bank Fraud Conspiracy (DOJ Release)

Founder and Majority Owner of Bitzlato, a Cryptocurrency Exchange, Charged with Unlicensed Money Transmitting / Bitzlato Ltd. Processed More than $700 Million Dollars’ Worth of Illicit Funds, Including Millions in Ransomware Proceeds / Defendant Wrote on Bitzlato’s Internal Chat Room That its Users Were "Known to be Crooks" (DOJ Release)

Disbarred California Attorney Sentenced To Five And A Half Years In Prison For Long-Running Multi-Million-Dollar Investment Fraud Scheme / Defendant Sold Interests in Real Estate that He Did Not Own (DOJ Release)

El Paso Man Pleads Guilty to Operating Ponzi Scheme Disguised as Crypto Investment Firm (DOJ Release)

Hawaii Couple Charged With Fraud And Money Laundering For Selling Counterfeit Art (DOJ Release)

Texas Man Admits Role in Scamming Seniors in Rhode Island and Elsewhere in Online Romance Scams (DOJ Release)

SEC Charges Avraham Eisenberg with Manipulating Mango Markets’ “Governance Token” to Steal $116 Million of Crypto Assets / Defendant, who was arrested and jailed in a federal prison in Puerto Rico, is awaiting transport to NYC on parallel criminal charges (SEC Release)

Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product (SEC Release)

SEC Charges Four Individuals for Their Roles in a Prime Bank Fraud (SEC Release)

SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX / Defendant Concealed His Diversion of FTX Customers' Funds to Crypto Trading Firm Alameda Research While Raising More Than $1.8 Billion from Investors (SEC Release)

SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX (SEC Release)

Statement Regarding National Trust and Fiduciary Services Company, Inc., et al. by SEC Commissioner Hester M. Peirce and SEC Commissioner Mark T. Uyeda

SEC Obtains Judgment Against Florida Man in Microcap Fraud (SEC Release)

SEC Awards $18 Million Whistleblower Awards to Three Claimants But Denies Award to Fourth Claimant Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Attorney Claimant Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Claimant Order Determining Whistleblower Award Claim

FINRA Censures and Fines Paulson Investment Company for Variable Interest Rate Structured Products In the Matter of Paulson Investment Company, LLC, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Forging Customers' Initials In the Matter of David B. Test, Respondent (FINRA AWC 2021072263801)

FINRA Censures and Fines Wedbush Securities for MPID Supervision In the Wedbush Securities Inc., Respondent (FINRA AWC)

FINRA Censures and Fines Member Firm for AML Testing In the Matter of Hunnicutt & Co. LLC, Respondent (FINRA AWC)

FINRA Fines and Suspends Rep For Willful Failure to Timely Amend Form U4 For State Regulatory Action In the Matter of Delmar Owen Moore, Respondent (FINRA AWC)

FINRA Bars Rep For Providing False Information In the Matter of Suzanne Therese Charrin, Respondent (FINRA AWC)

FINRA Arbitration Claimant Alleges That Brother Misused Mother's Investment Funds to Buy Home In the Matter of the Arbitration Between David L. Smith, Individually and as Executor of the Estate of Clara M. Bell, Claimant, v. Provident Private Capital Partners, Inc. and Donald L. Smith, Respondents (FINRA Arbitration Award)

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