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Now ONLINE at Forbes "Street Sweeper" by Bill Singer
Written: March 4, 2013

  • A Spider Web Of Hedge Fund And Forex Ponzi Fraud

    This is a somewhat long and convoluted tale, whose every twist and turn will likely  turn you’re your stomach in disgust.  With that warning, let’s go back to 2009, when George Sepero, Glen Rock, NJ, Carmelo Provenzano, Garfield, NJ, and Daniel Dragan, Hunterdon County, NJ, claimed to run a series of hedge funds in New [...]

  • Merrill Lynch Hit With $8.5 Million Wrongful Termination Case

    In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in November 2011, and thereafter amended, Claimant Keating asserted wrongful termination, defamation, emotional distress, interference with business relations, and violation of Massachusetts Payment of Wages Law. Ultimately, Claimant [...]

  • Stockbroker Fined And Suspended For Sending Business Emails From Personal Account

    For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Michael Rapley submitted a Letter of Acceptance, Waiver and Consent (“AWC”), which FINRA [...]

  • 'Da Big Kahuna' Wipes Out On Stock Manipulation Ladder

    On May 26, 2010, a federal grand jury in the Northern District of Texas returned an Indictment under seal (unsealed May 27th) charging Blake Williams, then 27, of Dallas, TX, and Derek Lopez, then 43, of Torrance, CA, each with one count of conspiracy to commit securities fraud and seven counts of securities fraud. [...]

  • Why You Should Not Forge Congressional Letterhead In An IRS Dispute

    Susan Tomsha-Miguel, 52, Atwater, CA, ran a tax consulting and bookkeeping business. Given that the two certainties in life are death and taxes, Tomsha-Miguel seems to have entered a business that would give her a fairly stable income.  Unfortunately, you know how it goes, some folks are just never quite satisfied.

    Enter a client [...]

  • Supreme Court Reverses SEC V. Gabelli On Discovery Rule Grounds

    In Gabelli et al. v. Securities And Exchange Commission (568 U. S. ____ (2013), February 27, 2013), the Court considered an enforcement action brought  by the Securities And Exchange Commission (“SEC”) under the Investment Adviser Act in April 2008, when the SEC  filed a Complaint seeking civil penalties arising from [...]

  • Broker Dealer President And Chief Compliance Officer Sued By Firm

    In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in September 2011, and amended thereafter, Claimant Newport Coast Securities alleged that Respondent Scott had failed to properly perform her duties; engaged in conduct infractions; and violated policies and procedures during her [...]


 
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Previous Entries
December 20, 2014
Till Death And Redemptions Do Husband, Wife, Stockbroker, And Bob Marley PartWe start with a wife and her children. We add a husband. We toss into tha... Read On
December 19, 2014
We start with a wife and her children. We add a husband. We toss into that scene a stockbroker. Then come the redemptions. All of which sets the stage... Read On
December 18, 2014
In a recent FINRA regulatory settlement, 18 registered folks sort of fell off their firm's compliance radar.  It's not a case involving eart... Read On
December 17, 2014
The road to Hell is paved with good intentions and a recent FINRA regulatory settlement involving a customer's email request for a wire transfer certa... Read On
December 16, 2014
A Personal Note From Bill Singer:It is with great sadness that I note the passing of my friend and veteran industry compliance professional Richard Be... Read On
December 15, 2014
If a public customer wants to place an idiotic order or insists on engaging in trading that seems destined to commit "economic suicide," what, if any,... Read On
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