Insurance Fraud Enforcement Department

Seward & Kissel Appoints Russell Johnston Co-Head of Litigation Group and Michael Watling Co-Head of Government Enforcement and Internal Investigations Group

Retrieved on: 
Wednesday, September 20, 2023

The Firm has also named partner Michael Watling , a former federal prosecutor in the U.S. Department of Justice and former senior litigation counsel at FINRA, co-head of the firm’s Government Enforcement and Internal Investigations Group, joining partner Jaimie Nawaday in that role.

Key Points: 
  • The Firm has also named partner Michael Watling , a former federal prosecutor in the U.S. Department of Justice and former senior litigation counsel at FINRA, co-head of the firm’s Government Enforcement and Internal Investigations Group, joining partner Jaimie Nawaday in that role.
  • The duo, who served together at FINRA for seven years before entering private practice, joined Seward & Kissel in November 2022.
  • “Russell and Michael are trusted, steadfast leaders, admired not only by their clients but by members of our firm,” said Seward & Kissel managing partner Jim Cofer .
  • Paulsen , co-head of Seward & Kissel’s Litigation Group, noted: “Russell has been at the forefront of significant, complex, and highly sensitive matters.

FINRA Names Bill St. Louis as New Head of Enforcement

Retrieved on: 
Monday, August 21, 2023

FINRA announced today that it has appointed Bill St. Louis as Head of Enforcement, effective immediately.

Key Points: 
  • FINRA announced today that it has appointed Bill St. Louis as Head of Enforcement, effective immediately.
  • St. Louis, an Executive Vice President, was most recently head of FINRA’s National Cause and Financial Crimes Detection Program (NCFC).
  • St. Louis will be responsible for the management of approximately 350 enforcement staff in 11 offices across the United States and will report directly to FINRA CEO Robert Cook .
  • Christopher J. Kelly , Senior Vice President and Deputy Head of Enforcement, served as Acting Head of Enforcement since February 2023, when Jessica Hopper departed FINRA.

CFP Board Adopts Revised Procedural Rules

Retrieved on: 
Tuesday, May 16, 2023

WASHINGTON, May 16, 2023 /PRNewswire/ -- Certified Financial Planner Board of Standards, Inc. (CFP Board) today adopted revised Procedural Rules , which will take effect on September 1, 2023.

Key Points: 
  • WASHINGTON, May 16, 2023 /PRNewswire/ -- Certified Financial Planner Board of Standards, Inc. (CFP Board) today adopted revised Procedural Rules , which will take effect on September 1, 2023.
  • "The revised Procedural Rules reflect our ongoing efforts to hold CFP® professionals to rigorous standards of conduct and to uphold the trust that clients place in them," said CFP Board CEO Kevin R. Keller, CAE .
  • CFP Board released proposed revisions to the Procedural Rules for public comment in November 2022.
  • After carefully considering the comments received in response to CFP Board's request for public comments, CFP Board made several changes to the draft version that was released for public comment.

Bit Brother's Retained a former SEC Enforcement Attorney to Further Explore Counteractions Against the Suspected Illegal Shorting

Retrieved on: 
Monday, January 30, 2023

He plans to attend the next livestream BTB hosts on YouTube discussing naked short selling, subject to more information announced through BTB's official Twitter @BitBrotherLtd.

Key Points: 
  • He plans to attend the next livestream BTB hosts on YouTube discussing naked short selling, subject to more information announced through BTB's official Twitter @BitBrotherLtd.
  • Mark David Hunter, Esq served as an attorney in the Enforcement Department of the Commission where he investigated and prosecuted violations of the federal securities laws, rules, and regulations.
  • He is professional in Regulatory Enforcement and Investigations, White Collar Defense, Securities Litigation/Arbitration, Commercial Litigation/Arbitration, and Governmental Investigations.
  • The Special Task Force of BTB are confident that the engagement of Mr. Hunter and his team will benefit the company's further efforts to investigate and curb the suspected illegal shorting.

Michael Watling and Russell Johnston Join Seward & Kissel’s Government Enforcement and Internal Investigations Group from King & Spalding

Retrieved on: 
Tuesday, November 1, 2022

Building out our Government Enforcement and Internal Investigations Group is a strategic commitment of the firm, said Seward & Kissel managing partner Jim Cofer .

Key Points: 
  • Building out our Government Enforcement and Internal Investigations Group is a strategic commitment of the firm, said Seward & Kissel managing partner Jim Cofer .
  • Our Government Enforcement and Internal Investigations practice has taken another large step forward with the addition of Michael and Russell, said Michael G. Considine , co-head of Seward & Kissels Litigation Group and Government Enforcement and Internal Investigations Group.
  • He will be a tremendous asset to our clients, added Jaimie Nawaday , co-head of the Government Enforcement and Internal Investigations Group.
  • Watling and Johnston come to Seward & Kissel from King & Spalding LLP, where they were both partners focusing on securities enforcement and government investigatory matters.

Elliptic Strengthens Asia Presence With Hire of MAS Veteran Tung Li Lim

Retrieved on: 
Thursday, February 10, 2022

Elliptic , the global leader in cryptoasset risk management, today announced the appointment of Tung Li Lim as Senior Policy Advisor.

Key Points: 
  • Elliptic , the global leader in cryptoasset risk management, today announced the appointment of Tung Li Lim as Senior Policy Advisor.
  • Based in Singapore, Tung Li Lim will work across all Asia Pacific markets to deepen Elliptics engagement with regulators, financial institutions, industry associations, and other key stakeholders in the region.
  • Singapore has long been seen to champion the growth of the cryptoasset sector in Asia, said Simone Maini, Elliptic CEO.
  • Prior to Elliptic, Tung Li was a Deputy Director in the Enforcement Department at the Monetary Authority of Singapore (MAS) the countrys central bank and integrated financial supervisor.

Nasdaq Fines SpeedRoute $450,000 for Market Access and Supervision Violations

Retrieved on: 
Tuesday, January 18, 2022

SpeedRoute provides broker-dealer clients access to trading on Nasdaq and other exchanges.

Key Points: 
  • SpeedRoute provides broker-dealer clients access to trading on Nasdaq and other exchanges.
  • In addition, SpeedRoute failed to establish a system for regularly reviewing its risk management controls and for conducting the annual review and certification required by the Market Access Rule.
  • As a gatekeeper providing access to our market for its clients, SpeedRoute plays a critical role in protecting investors and market integrity, said John Zecca, Chief Legal & Regulatory Officer of Nasdaq.
  • To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com .

International Foodservice Equipment Distributors Uses VNEXT Virtual Conference Platform To Break Event Attendance Record

Retrieved on: 
Monday, October 19, 2020

CHICAGO, Oct. 19, 2020 /PRNewswire/ --IFED, the International Foodservice Equipment Distributors, utilized the virtual conferencing platform VNEXT to hold their first-ever virtual conference during October 14th-15th .

Key Points: 
  • CHICAGO, Oct. 19, 2020 /PRNewswire/ --IFED, the International Foodservice Equipment Distributors, utilized the virtual conferencing platform VNEXT to hold their first-ever virtual conference during October 14th-15th .
  • The 2 day IFED event broke all pervious attendance records, demonstrating the power that virtual events can have in attracting deeper interest and participation when the time and cost of traveling to an in-person event is removed from the equation.
  • The event included advanced functionality from the VNEXT platform and featured a series of educational sessions and organizational meetings with strict criteria regarding user access levels.
  • About FER:Based in Chicago, FER Media LLC connects manufacturers of foodservice equipment and supplies with the world's top buyers/specifiers of E&S.

Technology Assists London Calling Time on Opportunistic Insurance Fraud

Retrieved on: 
Wednesday, December 5, 2018

MANCHESTER, England, Dec. 5, 2018 /PRNewswire-PRWeb/ -- Insurtech specialist Aquarium Software welcomes the latest nationwide clampdown on insurance fraud, by City of London Police's Insurance Fraud Enforcement Department (IFED), pointing out that next generation software is making it harder than ever for opportunistic fraudsters to get away with it.

Key Points: 
  • MANCHESTER, England, Dec. 5, 2018 /PRNewswire-PRWeb/ -- Insurtech specialist Aquarium Software welcomes the latest nationwide clampdown on insurance fraud, by City of London Police's Insurance Fraud Enforcement Department (IFED), pointing out that next generation software is making it harder than ever for opportunistic fraudsters to get away with it.
  • Fraudulent claims are among the biggest problems facing the industry, costing 1.32 billion in one year alone.
  • Success is partly down to the work of the IFED, the Insurance Fraud Bureau (IFB) and has led to a reduction of 5% from 2015 to 2016 in latest figures reported.
  • "Software is playing a significant part, by enabling police and insurers to spot patterns and emerging trends the identification of which is critical in catching opportunistic fraud."