Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 26, 2019

Morris County Man Admits Hacking Scheme That Targeted Two New Jersey Companies (DOJ Release)

Six Members Of Global Insider Trading Ring Charged In Manhattan Federal Court / Securities Traders Made Tens of Millions of Dollars in Illicit Profits Using Inside Information Stolen From Three Different Investment Banks and a Public Company (DOJ Release)

SEC Obtains Asset Freeze and Charges Banker and Trader in International Insider Trading Scheme ("Cohen-Nikas SEC Release")

Charges Two Bankers and Trader in Serial International Insider Trading Scheme ("Taylor-Windsor-El-Khouri SEC Release")

Financial Adviser Pleads Guilty To Running A Multimillion-Dollar Ponzi Scheme (DOJ Release)

Two plead guilty to participation in a Ponzi scheme involving $2.5 billion in transactions and $1 billion in loss (DOJ Release)

FINRA Arbitrator Cites "Monte Carlo" Allocation in Support of Expungement.
In the Matter of the Arbitration Between Kevin Clayton Cox, Claimant, v. Morgan Stanley, Respondent (FINRA Arbitration Decision)

Customer's Independent Decision Carries the Day in FINRA Expungement Hearing. In the Matter of the Arbitration Between John Spencer Bradley, Claimant, v. UBS Financial Services, Inc., Respondent (FINRA Arbitration Decision)

Wealthfront is again forced to disclose a bad mistake --testing how far the move-fast, break-things -then-apologize culture can go / The Redwood City robo issues erroneous 1099 data in 2017 that it just discovered. It happened around the time it dumped Apex (

Everyone's Trying to Scam the Elderly, Including Lawyers, Insurers and Advisers / Phone fraudsters and greedy children aren't the only ones manipulating older Americans, and the threat to their assets is growing. (

Charles Schwab Sings "Return to Sender" In the Matter of the Arbitration Between Al Zvinakis, as Holder of FPOA for Regina Zvinakis, Claimant, v. Charles Schwab & Co., Inc., Respondent (FINRA Arbitration Decision)

Muni Rigor Mortis ( Blog)

SEC Proposes Amendments to Exemptive Applications Procedures (SEC Release)