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

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Securities Industry Commentator WEEK IN REVIEW by Bill Singer Esq

July 1, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed
curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/7096/securities-industry-commentator/

The Financial Professionals Coalition, Ltd. Launches "Marketplace"

JOSEPH R. BIDEN, PRESIDENT OF THE UNITED STATES, ET AL., PETITIONERS v. NEBRASKA, ET AL. (SCOTUS Opinion)

303 CREATIVE LLC, ET AL., PETITIONERS v. AUBREY ELENIS, ET AL. (SCOTUS Opinion)

GERALD E. GROFF, PETITIONER v. LOUIS DEJOY, POSTMASTER GENERAl (SCOTUS Opinion)

STUDENTS FOR FAIR ADMISSIONS, INC., PETITIONER v. PRESIDENT AND FELLOWS OF HARVARD COLLEGE
-and-
STUDENTS FOR FAIR ADMISSIONS, INC., PETITIONER v. UNIVERSITY OF NORTH CAROLINA, ET AL. (SCOTUS Opinion)

U.S. Attorney Announces Charges In Four Separate Insider Trading Cases Against 10 Individuals, Including Drug Company Employees, Investment Firm Executive Director, And SPAC Investors (DOJ Release)

Central Valley Man Sentenced to over 6 Years in Prison for $9 Million Cow Manure Ponzi Scheme (DOJ Release)

Investment Firm Operator Charged with Running $100 Million Ponzi Scheme (DOJ Release)

SEC Charges Five Individuals in Penny Stock Fraud Scheme (SEC Release)

SEC Charges Two Oregon Residents and Their Related Entities with $10 Million Ponzi-Like Scheme (SEC Release)

SEC Charges Former Pharma Employee with Insider Trading (SEC Release)

SEC Charges Stockbroker and Friend with Insider Trading / Trading was based on nonpublic information stolen from girlfriend’s laptop and shared with friends (SEC Release)

SEC Charges Former Pfizer Statistician with Insider Trading Ahead of COVID-19 Announcement / Employee and friend traded ahead of Pfizer’s “game-changer” announcement on the success of its Paxlovid trial (SEC Release)

SEC Charges Police Chief, Four Others in Connection with Insider Trading Before Pharmaceutical Merger (SEC Release)

SEC Charges Former DWAC Board Member and Others for Insider Trading in DWAC Securities / Defendants made tens of millions of dollars from illegally trading on nonpublic knowledge of DWAC’s plan to acquire Trump Media & Technology Group Corp. (SEC Release)

SEC Charges Convicted Fraudster in Real Estate Ponzi Scheme (SEC Release)

SEC Settles Case Against Two Former Lawyers for Scheme to Create False Opinion Letters (SEC Release)

SEC Charges Former MusclePharm Executives with Accounting and Disclosure Fraud (SEC Release)

SEC Charges Florida Resident for Operating $112 Million Ponzi Scheme that Targeted Haitian-American Community / Court granted SEC’s request for emergency relief and asset freezes (SEC Release)

SEC Obtains Final Judgment Against Vuuzle Media Corp. and Affiliated Individuals and Entities in Connection with Over $25 Million Offering Fraud (SEC Release)

SEC Denies Whistleblower Award to Claimant
Order Determining Whistleblower Award Claim

SEC Awards Over $1 Million To Whistleblower Claimant and Over $1 Million to Whistleblower Joint Claimants
Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Two Claimants
Order Determining Whistleblower Award Claim

SEC Denies Whistleblower Award to Two Claimants
Order Determining Whistleblower Award Claim

CFTC Orders Australian Company to Pay Penalty for Both Federal and Exchange Platinum Futures Position Limits Violations (CFTC Release)

Federal Court Orders Ohio Man to Pay Over $50 Million for Fraudulent Digital Asset Trading Scheme (CFTC Release)

FINRA Fines and Suspends Rep for Excessive/Unsuitable Trading
In the Matter of Douglas Blake Solinsky, Respondent (FINRA AWC)

FINRA Censures and Fines Open to the BGC Financial, L.P. for Reg SHO Violations
In the Matter of BGC Financial, L.P. , Respondent (FINRA AWC)

FINRA Censures and Fines Open to the Public Investing, Inc. for Market Access Risk Management
In the Matter of Open to the Public Investing, Inc., Respondent (FINRA AWC)

Wells Fargo Advisors Financial Network Accused of Civil Theft in FINRA Arbitration
In the Matter of the Arbitration Between Brian Bennett Demere, Claimant, v. Wells Fargo Advisors Financial Network, Respondent (FINRA Arbitration Award)

Preventing Financial Exploitation: Steps for Safeguarding Senior Investors (FINRA Unscripted Podcast)

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