Securities Industry Commentator by Bill Singer Esq

February 21, 2020

Morgan Stanley to Acquire E*TRADE, Creating a Leader in all Major Wealth Management Channels (BusinessWire)

Members Exchange Closes Additional Round of Strategic Financing, Announces July 24th Launch Date / Strategic Investment led by J.P. Morgan, Goldman Sachs, Jane Street Capital / MEMX to Launch Exchange on July 24, 2020, Pending Regulatory Approval (BusinessWire)

Notice of Filing of a Proposed Rule Change to Amend the FINRA Code of Arbitration Procedure for Customer Disputes and the FINRA Code of Arbitration Procedure for Industry Disputes to Apply Minimum Fees to Requests for Expungement of Customer Dispute Information (SEC Rel. No. 34-88251; File No. SR-FINRA-2020-005 / February 20, 2020)

SEC Charges Former Legal Department Employee and His Father with Insider Trading (SEC Release)

SEC Obtains Final Judgment Against Unregistered Broker (SEC Release)

SEC Obtains Final Judgment Against Former Research Analyst Who Tipped Hedge Fund Portfolio Manager (SEC Release)

SEC Obtains Partial Summary Judgment Against Investment Adviser and Principal for False and Misleading Marketing of Investment Strategies 

Biotech Company Employee Sentenced for Securities Fraud (DOJ Release)

Romanian Hackers Sentenced / Members of Bayrob Criminal Enterprise Infected Thousands of Computers with Malware, Stole Millions of Dollars (FBI Release)

North Dakota Man Is Arrested On Multiple Federal Charges For Alleged Investment Scheme / The Defendant Resided in Haywood County and Targeted Victims at, or Near, Retirement Age (DOJ Release)

SEC Halts Alleged Ongoing Offering Fraud (SEC Release)

CFTC Charges Investment Firm and VP with Commodity Pool Fraud (CFTC Release)