BrokeAndBroker.com Blog by Bill Singer Esq

November 10, 2023

UPDATE: Federal Court Confirms Multi-Million Dollar FINRA Arbitration Award for Charles Schwab Against Morgan Stanley (BrokeAndBroker.com Blog)


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DOJ

Couple Charged for Operating Multimillion-Dollar Pyramid Scheme (DOJ Release)

Former Malibu Resident Sentenced to More Than 15 Years in Prison for Conning Investors with Bogus Promises of Discounted Alibaba IPO Shares (DOJ Release)

Brockport man pleads guilty to his role in in multi-million dollar investment scam (DOJ Release)

Former Florida Attorney Sentenced To 14 Years In Federal Prison For Racketeering Relating To Operation Of His Tallahassee Law Firm And Investment Companies (DOJ Release)

California Man Sentenced To 102 Months In Prison For Multimillion-Dollar Stolen Identity Scheme (DOJ Release)

Former Assistant Branch Manager at Tulare Credit Union Pleads Guilty for Stealing over $60,000 from Members’ Accounts to Spend on TikTok (DOJ Release)

SEC

SEC Charges Former Co-CEOs of Tech Start-Up Bitwise Industries for Falsifying Documents While Raising $70 Million From Investors / All Bitwise personnel lost their jobs in May 2023 when the scheme was exposed (SEC Release)

SEC Charges Connecticut Investment Adviser with Stealing Clients’ Money (SEC Release)

SEC Obtains Judgment Against Former Hedge Fund Trader Related to Hedge Fund Valuation Scheme (SEC Release)

In the Matter of the Application of Alpine Securities Corporation for Review of Action Taken by the National Securities Corporation (SEC Opinion)

In the Matter of the Application of Alpine Securities Corporation for Review of Action Taken by the National Securities Corporation (SEC Order)

“Fall Feelings: Treasury Markets’ Efficiency and Resiliency” Remarks before SIFMA by SEC Chair Gary Gensler 

Remarks at the Practicing Law Institute’s 55th Annual Institute on Securities Regulation by SEC Commissioner Mark T. Uyeda

Remarks to SEC Regulation Outside the United States: Fifth Annual Scott Friestad Memorial Lecture by SEC Commissioner Mark T. Uyeda

CFTC

Federal Court Orders Former New York City Resident to Pay Over $2.6 Million in Monetary Sanctions for Fraudulent Solicitation and Misappropriation in a Commodity Pool Scheme (CFTC Release)

FINRA

FINRA Censures and Fines Six Rep/One Branch Firm for Form CRS Omissions
In the Matter of Decker & Co, LLC, Respondent (FINRA AWC)

FINRA Censures Three Rep/One Branch Firm That Chaperoned Trades Without a Clearing Firm
In the Matter of Decker & Co, LLC, Respondent (FINRA AWC)

FINRA Censures Robert W. Baird & Co., Inc. for Excess Mutual Fund Charges
In the Matter of Robert W. Baird & Co., Inc., Respondent (FINRA AWC)

FINRA Arbitration Panel Awards Morgan Stanley Nearly $3 Million in Contribution
In the Matter of the Arbitration Between Morgan Stanley, Claimant, v. Christopher Robert Armstrong and Randall Brian Kiefner, Respondents (FINRA Arbitration Award)