The Wall Street Legal & Regulatory Feed
Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW
March 28, 2020
"All we can do is help each other." A heartbreaking story, powerfully told on CNN:
The coronavirus may be deadlier than the 1918 flu: Here's how it stacks up to other pandemics (CNBC.com by Berkeley Lovelace Jr.)
SEC Suspends Trading in the Securities of Zoom Technologies, Inc. (SEC Release)
Consensual Sex and An Employer's Loss of Faith. Matthew Fine, Plaintiff, v. The Guardian Life Insurance Company of America and Park Avenue Securities, LLC (Memorandum and Order Regarding Defendants' Motion to Dismiss, United States District Court for the District of Massachusetts)
Lead Defendant Pleads Guilty In Elder Fraud Scheme Targeting 80-Year Old Widow In Washington, Utah / Plea Agreement Includes 120-Month Sentence, $273,849.20 in Restitution (DOJ Release)
SEC Charges Pharmacy Chain Employee with Insider Trading (SEC Release)
SEC Charges Individual Involved in Offering Fraud
SEC Provides Additional Temporary Regulatory Relief and Assistance to Market Participants Affected by COVID-19 / SEC continues to closely monitor the impact of COVID-19 on investors and capital markets (SEC Release)
Customer Advisory: Be on Alert for Frauds Seeking to Profit from Market Volatility Related to COVID-19 (CFTC Release)
Wall Street traders adapt to working from home as business booms (CNBC by Bob Pisani)
U.S. Mortgage Rates Slip While Home Sales Head for Deep Freeze (Bloomberg.com by Prashant Gopal)
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5131/securities-industry-commentator/
Aching Work-at-Home Backs Driving Demand for Ergonomic Chairs (Bloomberg.com by Matthew Boyle)
Joint Antitrust Statement Regarding COVID-19 (DOJ and FTC)
Defendants Hit with $5 Million Civil Penalties.
Securities and Exchange Commission, Plaintiff, v. Lek Securities Corporation, Samuel Lek, Vali Management Partners d/b/a Avalon FA Ltd, Nathan Fayyer, and Sergey Pustelnik, Defendants (Opinion and Order, SDNY)
Pennsylvania Attorney Indicted for Role in $2.7 Million Ponzi Scheme (DOJ Release)
SEC Charges Pennsylvania Attorney and Swiss Resident in $1.4 Million Dollar Ponzi Scheme (SEC Release)
SEC Charges Unregistered Penny Stock Dealer (SEC Release)
SEC Awards Over $570,000 to Two Whistleblowers (SEC Release)
JPMorgan wins round in fight over client contacts with Merrill broker
Customer Wins $800,000 Award in FINRA Arbitration Against Stifel, Nicolaus. In the Matter of the Arbitration Between Merle L. Buzzotta, account titled Vito R. Buzzotta and Merle L. Buzzotta JTWROS, Claimant, v. Stifel, Nicolaus & Co., Inc. and John Hoff Russell, Respondents (FINRA Arbitration Decision)