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Fined: World Equity Group, Inc. Fined by FINRA

Fined

World Equity Group, Inc. Fined by FINRA

An AWC was issued in which the firm was censured and fined $18,500. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report to the Trade Reporting and Compliance Engine (TRACE®) transactions in TRACE-eligible corporate debt securities within the time required. The findings stated that the firm’s late reporting resulted from delays caused by firm employees and untimely amendments or corrections made to TRACE reports previously submitted by the firm or its clearing firm.

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Fined: Wallachbeth Capital LLC Fined by FINRA

Fined

Wallachbeth Capital LLC Fined by FINRA

An AWC was issued in which the firm was censured and fined $60,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish, maintain and enforce written policies and procedures that were reasonably designed to prevent trade-throughs of protected quotations that did not fall within an exception, in violation of Rule 611(a) of Regulation NMS (Reg NMS) of the Securities Exchange Act of 1934.

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Fined: RBC Capital Markets, LLC Fined by FINRA

Fined

RBC Capital Markets, LLC Fined by FINRA

An AWC was issued in which the firm was censured, fined $2,900,000 and required to provide a written certification to FINRA that it has established and implemented a supervisory system and written procedures reasonably designed to achieve compliance with FINRA rules and the federal securities laws applicable to prospectus delivery. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish and maintain a reasonable supervisory system governing the delivery of prospectuses for exchange-traded funds (ETFs), exchangetraded notes (ETNs) and mutual funds and failed to enforce its WSPs.

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Fined: Insight Securities, Inc. Fined by FINRA

Fined

Insight Securities, Inc. Fined by FINRA

An AWC was issued in which the firm was censured and fined $30,000. No restitution is provided for in the AWC as the firm already paid restitution to the affected customers. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that its pricing of corporate bond transactions traded for its own account failed to be fair taking into consideration all relevant circumstances, including market conditions with respect to each bond at the time of the transaction, the expense involved, and the fact that the firm was entitled to a profit.

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Fined: Dougherty & Company LLC Fined by FINRA

Fined

Dougherty & Company LLC Fined by FINRA

An AWC was issued in which the firm was censured, fined $25,000 and required to revise its written supervisory procedures (WSPs). Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to make timely submissions or to submit accurate information regarding the result of an interest rate reset for variable rate demand obligations to the Municipal Securities Rulemaking Board’s (MSRB) Short-Term Obligation Rate Transparency (SHORT) system.

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Release: ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Overstock.com, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm – OSTK

Release

ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Overstock.com, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm – OSTK

9 October 2019

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Overstock.com, Inc. ( OSTK) from May 9, 2019 through September 23, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Overstock investors under the federal securities laws.

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Release: INVESTOR ALERT Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Overstock.com, Inc. Investors

Release

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Overstock.com, Inc. Investors

8 October 2019

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Overstock.com, Inc. (“Overstock” or the “Company”) (NASDAQ: OSTK) securities between May 9, 2019 and September 23, 2019, inclusive (the “Class Period”). Overstock investors have until November 26, 2019 to file a lead plaintiff motion.

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Fined: ABN AMRO Clearing Chicago LLC Fined by FINRA

Fined

ABN AMRO Clearing Chicago LLC Fined by FINRA

An AWC was issued in which the firm was censured and fined $150,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it understated the portfolio margin requirements for accounts at various points in time. The findings stated that the firm incorrectly treated certain overthe-counter (OTC) equity securities, which are not margin eligible, as marginable securities. As a consequence, the firm understated the margin requirements for these accounts by millions of dollars.

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Article: CFTC Settles With Morgan Stanley & Mitsubishi, $1.4 & $0.4 Million Fines For Spoofing Gold & Silver

Article - Media

CFTC Settles With Morgan Stanley & Mitsubishi, $1.4 & $0.4 Million Fines For Spoofing Gold & Silver

Ottawa Bullion, 3 October 2019

The U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or offer before execution). These cases were brought in connection with the Division of Enforcement’s Spoofing Task Force.

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Release: IMPORTANT OVERSTOCK.COM, INC. INVESTOR ALERT Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District for the District of Utah on behalf of shareholders of Overstock.com, Inc.

Release

IMPORTANT OVERSTOCK.COM, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District for the District of Utah on behalf of shareholders of Overstock.com, Inc.

2 October 2019

Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal class action securities lawsuit has been filed in the United States District Court for the District of Utah on behalf of shareholders of Overstock.com, Inc. (“Overstock” or the “Company”) (NASDAQ: OSTK) who purchased shares between May 9, 2019, and September 23, 2019, inclusive (the “Class Period”).

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Release: LEADING ROSEN LAW FIRM Reminds Infosys Limited Investors of Important Deadline in First Filed Securities Class Action Commenced by the Firm; Encourages Investors With Losses in Excess of $100K to Contact the Firm – INFY

Release

LEADING ROSEN LAW FIRM Reminds Infosys Limited Investors of Important Deadline in First Filed Securities Class Action Commenced by the Firm; Encourages Investors With Losses in Excess of $100K to Contact the Firm – INFY

2 October 2019

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Infosys Limited (NYSE:INFY) from July 7, 2018 and October 20, 2019, inclusive (the “Class Period”) of the important December 23, 2019 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Infosys investors under the federal securities laws.

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Article: H.C. Wainwright Initiates Coverage On Ekso Bionics Holdings with Buy Rating, Announces $1.2 Price Target

Article - Media

H.C. Wainwright Initiates Coverage On Ekso Bionics Holdings with Buy Rating, Announces $1.2 Price Target

Benzinga, 1 October 2019

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Comment: This appears to be a stellar example of a life-saving vital technology company being destroyed by collusion between a placement agent and naked short sellers.

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Release: CFTC Orders Two Trading Firms, Bank to Pay a Total of $3 Million for Spoofing

Release

CFTC Orders Two Trading Firms, Bank to Pay a Total of $3 Million for Spoofing

CFTC, 1 October 2019

The U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or offer before execution). These cases were brought in connection with the Division of Enforcement’s Spoofing Task Force.

“As these cases demonstrate, the CFTC is committed to preserving the integrity of our markets—like the financial and precious metals futures markets at issue here—and to rooting out unlawful practices like spoofing,” said CFTC Enforcement Director James McDonald. “We will continue to vigilantly investigate and prosecute misconduct by entities that spoof in our markets.”

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Filing: CFTC v Morgan Stanley

Filing

CFTC v Morgan Stanley

CFTC, 30 September 2019

The Commodity Futures Trading Commission (“Commission”) has reason to believe that during the period from in or about November 2013 to at least November 2014 (“Relevant Period”), Morgan Stanley Capital Group Inc., (“Morgan Stanley” or “Respondent”) violated Section 4c(a)(5)(C) of the Commodity Exchange Act (the “Act”), 7 U.S.C. § 6c(a)(5)(C) (2012). Therefore, the Commission deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted to determine whether Respondent engaged in the violations set forth herein and to determine whether any order should be issued imposing remedial sanctions.

PDF (7 pages): CFTC v Morgan Stanley

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