Page 6 - Enforcement Section News Today

Cartoon by Pat Byrnes By that spring, Alex Kearns, a twenty-year-old student at the University of Nebraska, had been using Robinhood for about two years. The app had permitted him to trade options just months after he opened his account. Kearns grew up in Naperville, Illinois, with his sister and his parents. His father is an I.T. professional at a financial-services firm. The family was close. Kearns was known as an anxious but positive young man who played trombone in the high-school band, re...

Williams to succeed Kalm as new Michigan Gaming Control Board executive director 26th April 2021 | By Robert Fletcher Henry Williams has been appointed as the new executive director of the Michigan Gaming Control Board (MGCB), having received approval from state Governor Gretchen Whitmer after Richard Kalm stepped down. Williams has worked for the MGCB since 2001, most recently serving as deputy director of its casino operations division, providing oversight of the Enforcement Section, Employee...

To embed, copy and paste the code into your website or blog: On February 4, 2021, New Jersey Attorney General Grewal  announced a New Jersey Bureau of Securities action against GPB Capital Holdings, LLC (“GPB”) its owners, and affiliated companies  for an alleged $1.8 billion securities fraud scheme that has affected approximately 17,000 investors across the United States (700 New Jersey investors).   GPB is a New-York based alternative asset management firm focusing on acquiring income...

Robinhood case to test Massachusetts fiduciary rule But an investor advocate praises the state for targeting conduct other than outright fraud December 17, 2020 2 MINS Massachusetts regulators took on a difficult case against Robinhood to debut the state’s strengthened investment advice standard for brokers, compliance lawyers said. On Wednesday, Secretary of the Commonwealth William Galvin charged the rapidly growing online trading platform with violating the Massachuse...

Into the deportation process, which would use tremendous government resources from i.c.e. to having to process these individuals to going to an immigration court where they have to see a judge and use the resources of an already overburdened immigration court and the trials court system and then finally when they get a deportation order from an immigration judge, only then could they ask the immigration and customs enforcement office, i.c.e., saying please dont carry out this deportation order. ...

Somebody is going to have to protect them. and if foreign governments do, that triggers the emonthliments clause. there are a whole range of problems president trump needs to grass. >> elizabeth warn trying to force the clause to be enforced. this is dianne feinstein. this is what she said about a bill she would like to file, as well. >> senator feinstein, we understand that your colleague, senator warren, is going to introduce a bill to force the emonthliments clause. >> i grew with it. were pr...