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 12, 2023

Securities Industry Commentator:
A legal, regulatory, and compliance feed
curated by veteran Wall Street lawyer Bill Singer https://www.rrbdlaw.com/7136/securities-industry-commentator/

Bill Singer Renews Call To Boycott FINRA 2023 Elections (BrokeAndBroker.com Blog)

The FINRA Crypto Hub-bub and William of Ockham (BrokeAndBroker.com Blog)

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The Financial Professionals Coalition, Ltd. is pleased to announce that the
“Securities Industry Commentator” is now published on its website daily at:
https://www.finprocoalition.com/#fpcsic.

Circle Game in Federal Courts Has Lawsuit Sent Back to FINRA's Barred Door
Daniel Callahan, et al., Plaintiffs, v. TD Ameritrade, Inc., et al., Defendants (Opinion United States District Court for the Western District of Michigan)

Ontario County Man Pleads Guilty To Bilking Investors Out Of Hundreds Of Thousands Of Dollars (DOJ Release)

Barbados Resident Who Allegedly Posed as Ivy Leaguer with Wall Street Experience Charged with Running $3.1 Million Stock Scam (DOJ Release)

Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations (SEC Release)

Crypto Asset Trading Platform Bittrex and Former CEO to Settle SEC Charges for Operating an Unregistered Exchange, Broker, and Clearing Agency /Bittrex Global GmbH also settles charges for failing to register as a national securities exchange (SEC Release)

SEC Charges Investment Advisory Firm and Firm's Owner for Breaching Fiduciary Duties to Clients (SEC Release)

SEC Charges Former Hedge Fund Managing Director with Fraud (SEC Release)

SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures / Firms admit to wrongdoing and agree to pay penalties totaling $289 million (SEC Release)

Final Judgment Entered Against Florida Investment Adviser Charged a Second Time for Insider Trading (SEC Release)

SEC Obtains Consent Judgment Against Celebrity Charged with Illegally Touting Crypto Asset Securities for Crypto Entrepreneur Justin Sun (SEC Release)

SEC Charges Recidivist and Others in Offering Fraud Scheme (SEC Release)

SEC Charges Recidivist New Jersey Investment Adviser with Improper Use of Investor Funds (SEC Release)

Fund Administrator Charged For Missing Red Flags (SEC Release)

SEC Charges Accountant for Role in Mobile Home Investment Scheme (SEC Release)

CFTC Orders Four Financial Institutions to Pay Total of $260 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods (CFTC Release)

CFTC Orders a Los Angeles Futures Commission Merchant to Pay $6 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods (CFTC Release)

Federal Court Orders Florida Commodity Pool Operator to Pay Nearly $9 Million in Restitution / Relief Defendant Ordered to Disgorge More Than $2.3 Million (CFTC Release)

FINRA Fines and Suspends Rep for Failure to Timely Disclose Felony Charge
In the Matter of Michael Ramon DeLao, Respondent (FINRA AWC)

An Introduction to FINRA’s Crypto Asset Work and the Crypto Hub
(FINRA Unscripted)

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