202 Enforcement Actions in the U.S. over past 30 days

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FINRA enforcements decreased 70% over the past 30 days

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CME issued enforcements: $1,241,754.92 over the past 30 days

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161 Final Rules go into effect in the next 30 days

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21 Mortgage Lending docs published in the last 7 days

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1460 docs with 2637 extracted obligations from the last 7 days

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31 new Proposed and Final Rules were published in the past 7 days

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3824 new docs in pro.compliance.ai within the last 7 days

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Enforcement Report Jan 30 - Feb 05

FTC

7 Enforcement Documents

$0.00 in Fines

Penalties: N/A
Respondent: Health Research Laboratories, Whole Body Supplements, Kramer Duhon
Violation: Respondents “disseminated or caused to be disseminated advertising and promotional materials” for four supplements that the FTC contends were “not substantiated at the time the representations were made,” and that such unsubstantiated representations constitute deceptive advertising in violation of sections 5 and 12 of the FTC Act… Read More

Penalties: N/A
Respondent: AMAZON.COM, INC; AMAZON LOGISTICS, INC.
Violation: The proposed order includes equitable monetary relief and injunctive provisions to prevent Amazon from engaging in the same or similar acts or practices in the future… Read More

Penalties: N/A
Respondent: SKYMED INTERNATIONAL, INC.
Violation: Respondent SkyMed International, Inc. (“Respondent”), also doing business as SkyMed Travel and as Car Rental Pro, is a Nevada corporation with its principal office or place of business at 9089 E. Bahia Drive, Suite 100, Scottsdale, Arizona 85260… Read More

Penalties: N/A
Respondent: Altria Group, Inc., JUUL Labs, Inc.
Violation: PLEASE TAKE NOTICE that Jasmine Rosner hereby withdraws as attorney of record for counsel supporting the complaint in the above-captioned matter… Read More

FINRA

10 Enforcement Documents

$701,000.00 in Fines

Penalties: N/A
Respondent: Travis Scott Hughes
Violation: Respondent is barred from associating with any member firm in any capacity for acting unethically by cheating during a qualification examination, in violation of FINRA Rules 1210.05 and 2010… Read More

Penalties: $10,000.00
Respondent: Jamie Bennett
Violation: Between August 2018 and January 2019, Bennett structured a total of 80 cash deposits and withdrawals from four personal bank accounts totaling approximately $170,000. He did so in amounts below $10,000 for the purpose of evading federal reporting requirements that would have caused the financial institutions to file Currency Transaction Reports (CTRs). As a result, Bennett violated FINRA Rule 2010… Read More

Penalties: $7,500.00
Respondent: Lisa Brumm
Violation: In December 2016, Brumm recommended two unsuitable variable annuities totaling $400,000 to a customer in violation of FINRA Rules 2111, 2330, and 2010. In April 2017, Brumm borrowed $40,000 from the same customer in violation of FINRA Rules 3240 and 2010… Read More

Penalties: $650,000.00
Respondent: HSBC Securities (USA) Inc.
Violation: Between January 1, 2011 and March 25, 2019, HSBC failed to reasonably screen 2,191 non-registered associated persons for statutory disqualification. Specifically, HSBC fingerprinted these non-registered associated persons and screened them under Section 19 of the Federal Deposit Insurance Act, but did not screen them for statutory disqualification under the broader requirements of the Exchange Act… Read More

Penalties: $15,000.00
Respondent: RNR Securities, L.L.C.
Violation: In 2018, RNR failed to inspect its OSJ branch office as required by FINRA Rule 3110(c)(1)(A). In 2019, RNR’s written reports concerning inspections of its OSJ branch office and a non-OSJ branch office failed to evidence testing and verification of the firm’s policies and procedures in various areas, including transmittal of customer funds and changes of customer account information, as required by FINRA Rule 3110(c)(2)(A). By reason of the foregoing, RNR violated FINRA Rules 3110(c) and 2010… Read More

Penalties: N/A
Respondent: Lisa Marie Stevenson
Violation: Stevenson refused to provide information and documents that were requested pursuant to FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010… Read More

Penalties: $15,000.00
Respondent: Cantone Research Inc
Violation: From December 2018 through May 2019, Cantone acted as the placement agent for a private placement, which was structured as a contingency offering of securities, on behalf of an issuer. In connection with that offering, Cantone failed to deposit investors’ funds into a bank escrow account… Read More

Penalties: $3,500.00
Respondent: James Daniel Kent, Jr
Violation: Between February 2017 and December 2018, Kent failed to timely amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose that he was the subject of one federal tax lien for over $130,000, in violation of Article V, Section 2(c) of the FINRA By-Laws and FINRA Rules 1122 and 2010… Read More

Penalties: N/A
Respondent: Michael Paul Francoeur
Violation: Respondent refused to provide information requested by FINRA pursuant to Rule 8210, in violation of FINRA Rules 8210 and 2010… Read More

SEC

20 Enforcement Documents

$35,877,112.00 in Fines

Penalties: N/A
Respondent: AMOGH KARNEY
Violation: The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Amogh Karney (“Karney” or “Respondent”)… Read More

Penalties: $17,851,065.00
Respondent: HOWARD HIDESHIMA & SUPER MICRO COMPUTER, INC.,
Violation: On August 25, 2020, the Commission issued an Order Instituting Cease-and Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order (the “SMC Order”)1 against Super Micro Computer, Inc. (“SMC”)… Read More

Penalties: N/A
Respondent: Lev Parnas and David Correia
Violation: As alleged in the SEC’s complaint, from January 2013 through mid-2019, Parnas and Correia raised over $2 million from investors through investments in their entity, Fraud Guarantee… Read More

Penalties: $175,000.00
Respondent: Joseph JACKSON and Colm CALLAN,
Violation: Jackson and Callan violated Section 304 of the Sarbanes-Oxley Act of 2002, which requires the chief executive officer and chief financial officer of any issuer required to prepare an accounting restatement due to material noncompliance with the securities laws as a result of misconduct to reimburse the issuer for… Read More

Penalties: N/A
Respondent: CR Intrinsic Investors, et al
Violation: In March 2013, the SEC filed an amended complaint naming S.A.C. Capital Advisors and four hedge funds managed by CR Intrinsic and S.A.C. Capital as relief defendants because they each received ill-gotten gains from the insider trading scheme… Read More

Penalties: N/A
Respondent: Lightspeed Trading, LLC
Violation: Lightspeed violated Section 17(a)(2) and (3) of the Securities Act which prohibits fraudulent conduct in the offer and sale of securities… Read More

Penalties: N/A
Respondent: Stephen Moleski, et al
Violation: According to the SEC’s complaint, during 2018 and 2019, Moleski, Michael, and Jones solicited investors to purchase securities offered by a pair of unaffiliated companies. As alleged, approximately 30% of the funds raised from investors in connection with these two securities offerings were paid, directly or indirectly, to the defendants as commissions… Read More

Penalties: N/A
Respondent: Randall Letcavage and Joseph Greenblatt & Premier Holding Corporation
Violation: The SEC’s complaint, filed on December 4, 2017, alleged that Premier, a California-based company that describes itself as a green energy services provider, and Letcavage, Premier’s CEO, orchestrated a series of transactions with related parties intended to create the false appearance of an active company with a vibrant and promising business… Read More

Penalties: N/A
Respondent: ROSEDALE ASSET MANAGEMENT, LLC f/k/a PRINCETON ADVISORY WEALTH MANAGEMENT, LLC
Violation: Between February 2016 and September 2017, Respondent Rosedale Asset Management, LLC f/k/a Princeton Advisory Wealth Management, LLC (“PWM”), formerly a Commissionregistered investment adviser, participated in a widespread bribery scheme that misled a number of prospective clients who were past, present, and prospective NCAA Division I college athletes (the “NCAA Payments Scheme”)… Read More

Penalties: N/A
Respondent: David Hu
Violation: Hu concealed losses in the portfolio of its flagship hedge fund by overstating the value of certain defaulted trade finance loans and by replacing defaulted loans with fake loans… Read More

Penalties: $17,851,056.00
Respondent: SUPER MICRO COMPUTER, INC.,
Violation: On August 25, 2020, the Commission issued an Order Instituting Cease-andDesist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order (the “SMC Order”)… Read More

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